I hate to sound like eve, but I am done investing in Bitcoin mining equipment... it is simply a scam.
I don't think this is a "scam" and I would argue that "scam" is an unfair characterization of BA, KnC and Bitmine and those who are still building miners like BlueFury, RedFury, Marto, Bobsag3 and the guys who fix the Klondike and got them running.
Scam should be applied to BFL, Avalon etc. given what they are currently doing in terms of refunds and what they have done in the past with failure to ship on time. Price gouger would be the appropriate moniker for Asicminer products. Seems to me if the market for miners dries up and we are left with BFL, Avalon and ASICminer when things level out again in terms of difficulty we are going to see those companies fleece the sheep again. I would hope there is a maturing in the market place so that there is some competition in the future and companies like BFL, ASICminer and Avalon just disappear.
I agree that buying BTC or even some Altcoins is the better option but you know you can't just lump everyone in the same pile. Miners will continue to be produced I think even if the "ROI" isn't there as the tech being pushed is more efficient and that maybe of interest to established miners who would like to cut down on costs and position themselves better by replacing ageing units. Also there are still a large number of hobbyists keen on learning about mining, getting new toys even if it doesn't "ROI" will hopefully push some rigs out the door over the next 12 months.
