I honestly have no idea what you're saying. I'll just keep mining BTC and buying more gear. And when I've had enough, I'll sell my ASICs for even more profit. But thanks for trying!
Super,
Good luck!
Let us hope that you have no idea what i am talking about because my English is not native, not because you are refusing to understand what is all about.
Best
A bit of both, I guess.
Just curious... why do people like you feel the need to post this "you'll never ROI" nonsense in the Custom Hardware forum when there's a whole section devoted to Mining Speculation.
Because I want a fair price and the only way to get it is to stop paying the ridiculous amounts for the EOF hardware. Only way this to happen is to try to convince people like you. That is why I am posting occasionally here and there. Please do excuse me for that, but all this nonce is leading us to nowhere.
People have been saying that from the beginning. If you go back and look at early 2011, when I started GPU mining whether I came out ahead mining or buying bitcoin depends on when I would have bought them. I made way more BTC from GPU mining then I would have from if I had just bought bitcoin for around $5-10.
unfortunately I ended up selling a lot of those bitcoins around $10... I did still make a pretty big USD profit, though and I had enough bitcoin left over for a B2 Avalon, which again more then paid for itself.
The thing is, I made most of my bitcoins in the long phase where difficulty leveled off before the first ASICs hit the network. Eventually the same thing is likely going to happen with ASIC miners, margins are already getting pretty thin, but the difficulty is going to have to go up a long way before they're unable to pay for their own electricity, and when prices go up the margins on that electricity go up as well. So for example, my Avalon is probably still making about $15/day, while using about $1.26 in power. So, even though the difficulty has gone way up, the usable life has been extended.
Please think of ROI in BTC.... not in fiat.
The point is spending BTC now and you're not gonna get back that amount of BTC. Price goes up, your stash value goes up, contrast to mining.... price goes up, difficulty will continue to rise due to noobs, your mining gear's value goes down, getting harder to get back that initial BTC.
What i've learned since mining is that simply buying BTC and hold would gain alot more.
I think of ROI as a Return On Investment, because that's what it means. The formula is somewhat simple, the data are not. But your oversimplifcation, which I see all the time here, is ridiculous on it's face and even more so if you analyze it in depth.
Let's look at reality, shall we? If you are mining or buying BTC, you absolutely
ARE BETTING ON IT'S EXCHANGE RATE. The only way this would not be true is if you are deluding yourself into thinking that bitcoin will replace the Dollar or the Euro as a reserve currency on the large scale in the near future. If you are holding that delusion, I'm sorry. It's a nice fantasy, but short of the utter collapse of either of those currencies, it isn't going to happen.
Thus this game is one of exchange. You hold in hopes that the exchange will rise. You generate coins on the same hope.
If you invested 10BTC at 10 bucks back a couple years ago to get back 1 BTC today, you made a massive profit. Not merely a ROI, but an actual, spendable, tradeable profit. The form it takes is truly irrelevant, unless you are beholden to some sort of cult mentality. Me, I trade BTC for dollars on the high side and dollars for BTC on the low side. I also will trade anything of value for anything else of value. This is the nature of trade. Supply, demand, and the differential betwixt them. Purchasing power trumps numerical value or labels.
Yeah, I'd like to see the world get away from government fiat monies. And eventually, it will. Or at least they will have a lot of open competition. But while that's a nice dream and even a worthy goal, I live in the now, and so do you. Plan for the future, of course, but base your plans on the real, not what you think "ought" to be.
? If you spent $10 for 10 btc and during the time span of a couple years all you got was 1 btc you now have ~$1000. Had you kept that 10 BTC you bought with $10, you would now have $10,000. So in fact you _lost_ the opportunity to gain $9000.
Centralization is coming & it's NOT about faster transaction times (BTC is "throttled" @ 6 blocks per hour no matter what).......it's about PROFIT.......oh well,Thanks MBP 