Topic: Off-Topic - page 80. (Read 384416 times)

https://www.bitmit.net/en/recent

http://www.amagimetals.com/

https://www.billpayforcoins.com/

If the BTC goes up enough. It is possible that you won't be able to buy it. One coin a month mining could be all you need to get filthy rich.  And all the jackals who bailed out might just regret it.   

Why buy hardware if you don't have faith and a belief that BTC will go up ? otherwise, regardless of what you pay for hardware,,,it will be a loosing proposition and only depreciate quickly without a rise in BTC value. And if you are fortunate you may have a small window of time to get a ROI, that is" IF BTC doesnt go up. If BTC it does go up, than its all good or at least enough rise in value to keep in step with the difficulty rise...thats all...simple... 

+1. people just don't seem to understand the simple concept btc/usd is not relevant to mining profitability after the second you hand over the cash/btc for mining hardware.  I guess that's why there are so many sheeps buying hardware that can never roi.

It has nothing to do with time preference.

next diff estimate: 86,140,290

There's seems to allready ongoin some refunds from Bitsyncom:

https://bitcointalksearch.org/topic/m.3053552

https://bitcointalksearch.org/topic/m.3053704

https://bitcointalksearch.org/topic/m.3053440

If you need btc to go to 250 to make a profit, then you'll make more money just buying btc rather than waiting on a miner to mine the btc.

I would have to say this depends on how long your time preference is.

Personally, I'd like to see dollars measured against the bitcoin someday, rather than the other way 'round. If that were to occur, $250/BTC would be chump change. Were the Federal Reserve and/or the FDIC to pull the kind of stunt that the EU central bank and the Cypriot banks pulled off, that would cause a mass exodus from the dollar, and the Cypriot example is still fresh in the mind of people with a much wider focus than bitcoin. Sure, the massive runup on the price of the bitcoin went back down, as bubbles inevitably will, but the hedge against the confiscation of funds WORKED for a lot of people who otherwise would have lost a lot more than they did. Cyprus is pretty small, but the example still stands.

While I still see gold as a more solid investment for those with a long time preference, it has some weaknesses that bitcoin don't. (that sword definitely has two edges). One of the strengths of Bitcoin, perhaps it's only valid one against precious metals, is that it's damn near impossible to confiscate an encrypted wallet. That's what made it a safe haven for the people of cyprus, and that is part of what makes it attractive as a growth investment.

I see the biggest problem of bitcoin primarily being general acceptance, which all of us should be exercising our brains and talents to change. Else mining will become useless. There needs to be more and easier ways to use it DIRECTLY as money, not just a few vendors and a few services. It needs to become as ubiquitous as VISA. There are some technical hurdles to this, outside of internet sales, due to the time of confirmation and some other things, but I am confident that the talent pool represented by this community is capable of overcoming them.

They had to meet that Aug 15 delivery deadline to be profitable - just two weeks later and they were unprofitable.

You should never factor an increase in BTC price to determine profitability. If you need BTC price to increase to make ROI then you lost out by not buying bitcoins instead.

and if btc is 250 ? Calcs can only tell you about that day.

Just want to throw this out there, does anyone in this thread realize the TH hardware is already no longer profitable?

Using the most optimistic parameters:

1) You receive your hardware in 2 weeks = starting difficulty: 88,709,362
2) Hardware cost:  $10500 for 180 GH
3) Difficulty increase of only 15%  (last was 30%, upcoming 30+% for sure, and that's just a preview the bulk of the hash power hasnt even hit yet until later this year)

Using the above, you are still looking at negative cash after 1 year of mining.  

The chance of you having the hardware in hand in 2 weeks from my understanding so far is close to zero also.  I dont understand why people are still hoping for the hardware instead of refund - they are DOA in my view.

OK, the message I got was not very clear. My apologies it is probably my mistake.

More than likely, I just sent him a pm about it.

edit: to clarify, yes i was cleaning that thread up.

Glad you guys  are getting along nicely without me. Just wanted to say Hi.

I was prompted back here by a post moderated by TH today. seems he is having a clear out of unwanted posts..

I have avoided putting my two peneth worth here to let you boys get on with it.

Am sure this too will get deleted but just wanted you too know that things are no longer above board on this thread..

Justin,
Is this you?

http://www.linkedin.com/profile/view?id=252186120

Why wouldn't you add your role as CEO at Terrahash?

good luck boys.

I have 100% back-- i tried desperately to provide terrahash guidance in project management,public relations, and supply chain management... but it all fell on deaf ears. I cannot save someone who doesn't want to be saved.

I admit as a former customer treated so bad, my opinion isn't the same as some others.  It seems from your post's you and TH have had great business.  Not sure what they provided you for your loyalty.  But I am glad someone is happy with their purchase.

I don't have a obsession luckily with TH.  Just more of like if you see a car wreck you look as you drive by.   And with this new announcement the wreck is going to be a pileup.  Just hope fewest customers lose cash as possible.

Bar, you're quite cute in that cheerleader skirt, it fits you well!

But it is based upon BKK's design, which terrahash said they will be paying a royalty to BKK for every board they produce.

Terrahash has done almost nothing as of yet, but take peoples money, build a website and show a video of 1 k16 that is not functioning correctly.