may I also add my words of appreciation to your great work waldohoover
thank you sir for the awesome work!! gotta save my wallet out of my dying harddisk and then will make sure to send a donation your way
I'm having thoughts though about mining in general as a strategy to increase ones portfolio and would like to know what you guys think. I think with the increasing value of btc a ROI on the dollars is a guaranteed thing, but not a ROI in btc. Like I think if the current hashing rate stayed constant then we will get the btc that we invested back in about 6 months, and with the crazy increase maybe we will be able to get only half back?
On the other hand, this crazy exponential increase in hash rate has got to slow down at some point. So if my goal is to increase the amount of btc I hold, it seems to me better to just buy them and wait instead of mining while the hash rate is in the exponential phase right?
But again, now we have made our investments, and it worked out great that everything went right and waldohoover done a great job even more than I anticipated with all the nice websites and tables etc. Are you thinking about how to go on from here? Waldo do you plan on going on with this business with next gen miners next year?
cuz I'm thinking like, this was only the start of getting into the mining business, and if I just purchased the KnCMiner shares and that was it, then I actually had better just hold on the btc instead of getting only half of them back after several months. But maybe the only way to actually make a positive btc profit with mining is to use the current wins to purchase next generation equipment with better efficiency and stay on the front of the wave while the hash rate acceleration starts to slow down and I'm guessing only then would we be getting a ROI on the bitcoins. What do you think?
