Author

Topic: Did I miss the train or was it a smart move? (Read 2788 times)

b!z
legendary
Activity: 1582
Merit: 1010
September 01, 2013, 11:08:01 PM
#4
ASICs are no longer the magical money printing machines they used to be. You made the right choice.
full member
Activity: 137
Merit: 100
September 01, 2013, 09:35:35 PM
#3
I was dazzled by the numbers, but once I put the difficulty in the mix it all seemed like a bad idea.  I think what made me re-re-think my choice is a few hours later the miner was sold out. 
legendary
Activity: 1736
Merit: 1029
September 01, 2013, 07:32:27 PM
#2
Smart move IMO.  Good Job, if you have that kind of money, you should try stocks or loans or something.
full member
Activity: 137
Merit: 100
September 01, 2013, 07:30:41 PM
#1
Howdy all!

Looks like I'm stuck here until I earn my way out, so why not post some questions.

I was this close to buying a knc Mercury miner, but something told me to double check the numbers.  If anything, I want a quick ROI or it's just not a good investment to drop that much money on something.  Unfortunately, with all the difficulty/calculator simulators, the 100Ghz model will not make an ROI even if it's shipped by October.  I put faith in the difficulty predictions because of how many units knc has sold. 

Did anyone else feel this way and avoid buying anything ASIC at this point?  Right now I see it as profit if you were one of the lucky folks who mined early, bought bitcoins early, or even luckier if you got something from bfl.  Wink 

Right now I can't find anything that will make ROI, everyone is selling at double or quadruple the price for the 1st gen rigs.  I guess the only 2nd wave is if someone makes a scrypt miner and you're lucky enough to get on the pre-order list (and if they ship. 

Thanks,
EZ

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