This seems like a pretty unfair topic. I know you are just trying to warn potential buyers who haven't done their homework, but really...
"Do NOT buy any ASIC miner if you are looking for a guaranteed ROI" - FTFY
There is probably a lot of truth to that, ASICs are not looking profitable atm. unless you can get them for about $20/GH/s or less delivered in the next month or two. The net hash got very close to 1 PH/s this week, probably pass it in the next peak.
I'm not even sure the 400 GH October BitFury units will ever ROI in BTC at 20$/GH if they don't ship until late October. There seem to be very few ASICs mining purchases right now that look reasonable.
Exactly. ASIC Mining has been a fiasco ever since Avalon Batch #2 was delayed.
- BFL,
- Avalon Chip orders & Batch #3.
- Friedcat/AM Blades & USB Eruptors.
Millions of dollars have been lost by consumers to these companies. It is a complete fiasco. I am doing the entire community a service for calling out overpriced hardware.
- I am helping consumers from losing large amounts of money
- I am helping companies from being sued by consumers who are pissed about losing large amounts of money
- I am helping companies price their products accordingly so that they can create a healthy bitcoin economy.
I now urge Big Picture Mining to post a PSA to all other contract manufacturer who are buying BitFury chips that they are totally overpriced and not to buy them.
We have to go all the way up the foodchain to the chip manufacturers if we want to continue to have decentralized mining. Otherwise no consumers will ever buy hardware again, and mining will be centralized in the hands of a few manufacturers.
Want to do the right thing for Bitcoin and to keep the network safe? Then say no to overpriced hardware and spread the word.
