Yes I agree we are making more now then in the past but if the price doesn't keep rising then we will end up making less.
The other problem is that it's not so easy to upgrade now because hardware is so overpriced. 1+ BTC per TH/s - nearly the same as it was a year ago, I paid ~2.5 BTC for an S4 back then. The S7 (or the Avalon) has ~1/3 of the power consumption of the S4 but even with that in mind the end result still is: I'm going to mine less BTC per each BTC spent on hardware that I did a year ago, which means that hardware would need to last longer to ROI, which seems unlikely with faster rising diff and halving.
This is part of why I like keeping some of my holdings in gear. It by far is not a sure thing, but I enjoy it. And it's been good to me over the years.
But S4's looking back were a really good deal. I mined with mine for a LONG time through summer even, they were part of reason I got a mining area. But after all that mining they hold a amazing amount of their value still. So those who had S4's (if decent electricity) have done well I think. And selling it eventually is the cherry on-top.
Yep. Also SP20 at $500 last December. I sold the last few just recently... for $500 each
Somehow I doubt I'll get $1500 or 4 BTC or anything close to that for the S7 or the Avalon6 a year from now.
