Author

Topic: Is it worth to invest in ASIC living in Europe? (Read 2160 times)

newbie
Activity: 27
Merit: 0
February 10, 2013, 04:01:41 PM
#7
Very good question!

Buying ASICs in EU means +20% VAT. Is there import tax, too? Electricity cost is also higher in EU than it is in other parts of the world.

Please correct me, if I'm wrong! Smiley


Or i can help you to bypass that VAT and Import Taxes in EU for small fee  Wink

check my thread
https://bitcointalksearch.org/topic/asics-for-eu-market-128790
legendary
Activity: 1372
Merit: 1003
Josh@BFL will host your BFL ASIC's for a small monthly fee saving you the 20% import VAT.
full member
Activity: 192
Merit: 100
Very good question!

Buying ASICs in EU means +20% VAT. Is there import tax, too? Electricity cost is also higher in EU than it is in other parts of the world.

Please correct me, if I'm wrong! Smiley
legendary
Activity: 952
Merit: 1000
Buying a $1300USD ASIC guarantees you a steady stream of BTC. Who knows how fast that stream will flow in 6 months, but it will happen. Rather than buying a $1300 ASIC, you could just buy ~60BTC, but then you're got to take the market into consideration. What if the price drops from 22 -> 12 USD/BTC? Then you've lost money. If it keeps going the way it has been and increases to $30 by mid year, then it may be more profitable.

TL;DR I actually consider buying the hardware less of a risk.
legendary
Activity: 1176
Merit: 1001
If you live in iceland, yes.
hero member
Activity: 784
Merit: 1000
Annuit cœptis humanae libertas
Depends on a lot of variables that are at play when ASICs become available: network difficulty, exchange rate, electricity prices...
legendary
Activity: 1148
Merit: 1018
My cost per kWh is USD 0,23

I don't want to exchange BTC for FIAT, but to support the economy exchanging BTC for goods and services.

I don't want to mine to make a profit, I want to get BTC, to use them supporting the economy. What I would like to know if it will be more cost-effective to mine BTC with a 60GH ASIC or just to buy them at the spot price.

What would you suggest?

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