that btcminer84 guys must be reported for spamming his useless calculations again again
I disagree. His calculations are not useless. They are illustrative of several logical fallacies and can therfore be of some value if you have a strong bullshit detector.
Exponential growth is impossible in the long run. This has been prove so many times that anyone claiming it as a basis for real world calculations should just go ahead and check themselves into either the mental ward or the Federal Reserve.
"On the subject at hand, I think you'll find the price is about the same as buying ants, when you factor in electricity, except that you'll eventually (much sooner than 5 years) have to either turn the ants off, or mine alts with them. As with all things Bitcoin, it's something of a gamble. It's one that has paid off handsomely for me, and I will continue to solicity referrals and buy GH's. There are too many customers for too long of a period for it to be a ponzi. I suspect they're being circumspect because it keeps people off their back, including the bastards that keep DDOSing every public pool. By maintaining the secrecy, they have less of a target painted on their backs. I don't know this to be true, but it's a good line of reasoning."
Challenge: Do the sums, buy an ant and sell the GHS. Can profit?
at current prices on both, 2.10 per GH/s for an Ant, $2.70 GH/s for pbmining. calculate electricity and PSU into it, and I suspect you're looking at a better deal at pbmining. There are too many regional variables for that to be a blanket statement, but it's going to be generally true. @ $.10 kw/h, the ant eats just shy of 87 cents a day, so right out the gate it's more expensive to operate. And you pay that every day you run it instead of just once in five years.
You can profit both ways, and if you play Alt mining and trading games you MIGHT outperform the bitcoin mining at pbmining. I think they are both valid investment vehicles. But very different animals as well. Ants give you more flexibility, pbmining gives you more stability. The electricity cost vs. difficulty pretty much means that even though the linear growth cannot continue, the ant will cost more to operate than it returns well before five years have passed. AT least in bitcoin.
S1 ant is now 0.893 BTC for 180 GHS
Just use BTC for your calculation.
Show me it's viable to sell GHS @0.0065 plus PSU and electricity for 5 yrs
you seem to be assuming that pbmining are running ants. They probably are, to some extent, but I would think they would have a variety of equipment. For one thing, there is always some guy that got in over his head and wants to sell used equipment. I could have gotten a couple of Jupiters not that long ago for quite a bit cheaper than market price, had I the coin. They do, and I would think they are reinvesting it in equipment all the time.
The other part you leave out is industrial electric rates. In Colorado, they run about 2 cents a killowatt hour even after the taxes are figured in. That extends things a lot right there. There are a dozen ways of generating power that they could be using to eliminate/supplement their electric needs. The scenario you paint is not a show stopper.
You said this
"On the subject at hand, I think you'll find the price is about the same as buying ants, when you factor in electricity, except that you'll eventually (much sooner than 5 years) have to either turn the ants off, or mine alts with them. As with all things Bitcoin, it's something of a gamble. It's one that has paid off handsomely for me, and I will continue to solicity referrals and buy GH's. There are too many customers for too long of a period for it to be a ponzi. I suspect they're being circumspect because it keeps people off their back, including the bastards that keep DDOSing every public pool. By maintaining the secrecy, they have less of a target painted on their backs. I don't know this to be true, but it's a good line of reasoning."
You said this "price is about SAME as buying ants...."
assuming they use ants.....stop imaging they could get ants at 50% discount, be realistic.
And it got to be running for 5 years.
Please show calculation for profitability. Numbers don't lie.
