Topic: Are ASIC's worth the investment? - page 3. (Read 2550 times)
They will be if you can get your hands on them quickly enough. Otherwise, it's going to be a nice conversation piece for the kids when they are digging through the garage and find a gargantuan box with a bunch of fans, which looks eerily similar to a computer, but is simply not quite a computer. 1.75 jiggawatts
I think they are worth the investment, in the same sense that everyone thought that GPU miners were making a good investment until they weren't anymore. This currency rewards the early adopters heavily. 
I ordered an asic because I think it will be fun but I have no delusions of recouping my money. If you just want to make money I'd buy bit coins and hope the price goes up.
so given all the statements above, would it be better to join in on services like the "pryamining" and leverage their already exisiting hardware and piggback off their resources in hopes of getting a nice cut from their group mining
If you order an ASIC today, it will be several months before it ships. In that time, the difficulty of the blockchain will have increased by several times (since there are ASICs shipping now and turning on now). I suspect that by the time you finally get it, you won't have much of a chance of getting your money back.
However, if you have electric heat, your ASIC will be able to take some of the load off of your heater, and therefore run for free. In that case, you only need to wait and you will eventually get your money back (maybe after several winters).
However, if you have electric heat, your ASIC will be able to take some of the load off of your heater, and therefore run for free. In that case, you only need to wait and you will eventually get your money back (maybe after several winters).
We got other companies entering and making their own ASICs. I should've bought BTC last year when the rates were really low. ETA for BFL ASICs is suppose to be this week, but that might be delayed. I was thinking about buying a BFL Jalapeno.
what, they still didnt relaese those Japaleno stuff?
Excellent I was thinking the same thing, however I've never thought of actually buying and selling bitcoin stock and I do not know if I'm ready to enter that whole mess. And as far as pre-orders go, I wonder how long it will take to receive a unit once they are shipped. They are supposedly suppose to release the units soon.
In my opinion, ASICs are worth the investment if your looking to make a profit long term, There are a few reasons for this but I will just list a couple 
1. At the current rate of ASIC Manufactures actually getting a product into the consumers hand if you are only just placing an order be prepared to wait a long time to receive your unit.
2. Only those that receive ASIC's from the first batch's released will quickly recoup there investment because the difficulty will increase and the evolution from utilizing Graphics cards for mining switches to ASIC's as it did before from CPU to Graphics cards. So ASIC's will become the "Norm" for mining.
Now you may want to ask yourself this... based on the current increasing value of bitcoin, would you make more of a profit buying bitcoin now and selling once the price of bitcoin rises? or spending your money on purchasing an ASIC which you may not receive for sometime?
1. At the current rate of ASIC Manufactures actually getting a product into the consumers hand if you are only just placing an order be prepared to wait a long time to receive your unit.
2. Only those that receive ASIC's from the first batch's released will quickly recoup there investment because the difficulty will increase and the evolution from utilizing Graphics cards for mining switches to ASIC's as it did before from CPU to Graphics cards. So ASIC's will become the "Norm" for mining.
Now you may want to ask yourself this... based on the current increasing value of bitcoin, would you make more of a profit buying bitcoin now and selling once the price of bitcoin rises? or spending your money on purchasing an ASIC which you may not receive for sometime?
I have done quite a bit of research on these ASIC's that Butterfly Labs is going to release here soon and my number one question is "Is it worth it?" Right now I am thinking yes. I believe that during the beginning phases of releasing these units will 1.) be beneficial to people who preorder and 2.) make the difficulty of mining sky rocket for those who do not own ASIC's. I am curious on what everyone else thoughts are on this.
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