Yeah I like mining for a hobby as well (I do also make sure I'm going to get ROI).
But with your point about fiat, you could invest that fiat in BTC, sell the BTC later and get a ROI on your fiat. Without using the miner for hobby purposes, there is no miner needed to get an ROI on your fiat there. As long as the miner cost more fiat than its equivalent in BTC, then you are making the wrong choice (unless using it as a hobby or believing difficulty is going to cap for a while rofl).
IE for example if you spend 4 BTC on a jalapeno that will only ever make 2 BTC. You should have just bought 4 BTC in fiat, then sell it later. Instead of buying a miner for 4 BTC, waiting until you make 2 BTC back then just selling 2 BTC.
4 BTC > 2 BTC.
well I do not know from where you got these numbers, But 300$ is around 2 BTC.... I do make my calculations as well, when you pay 300$/2BTC for a jalapeno you could mine more if we speculate about difficulty getting to stabilize some where, the same way when you speculate about BTC price, it is all about speculation no one knows where BTC will be the next 2 months or what will be the difficulty by than, this is why I said in my first Post that paying 300$ is a risk that he could take if he consider what I just explained.But with your point about fiat, you could invest that fiat in BTC, sell the BTC later and get a ROI on your fiat. Without using the miner for hobby purposes, there is no miner needed to get an ROI on your fiat there. As long as the miner cost more fiat than its equivalent in BTC, then you are making the wrong choice (unless using it as a hobby or believing difficulty is going to cap for a while rofl).
IE for example if you spend 4 BTC on a jalapeno that will only ever make 2 BTC. You should have just bought 4 BTC in fiat, then sell it later. Instead of buying a miner for 4 BTC, waiting until you make 2 BTC back then just selling 2 BTC.
4 BTC > 2 BTC.
and you get to keep the hardware for fun
