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Topic: Mining with asics is already dead. - page 4. (Read 7052 times)

sr. member
Activity: 342
Merit: 250
September 03, 2013, 08:55:56 AM
#1
I have been looking to buy new asic hardware to add to my mining farm and have come to find out that the in hand equipment is over priced.   People who are selling existing equipment want to sell it for more then it will ever ROI.  Manufacturers like Asicminer and Bitfury are also selling their equipment for more then you will be able to ROI.  Unless I'm using the available calculators wrong then its almost pointless to invest more BTC into asic equipment.  It has truly become where the people selling the shovels are ripping off the people that are using them to mine with. 

Asicminer usb cost .18 btc will only return .10 BTC in its usefull life.
Asicminer blade cost 4 btc will only return 3.3 BTC in its usefull life.
Bitfury 400gh/s Oct. costs 59.25 at $135 exchange rate will only return 43.31 BTC.  That is with a November 1st delivery.

These are figured at a 30% increase every diff change.  So why would I give away my bitcoins now in exchange for less bitcoins a year or more from now. 
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