Q1/Q2 ASIC miners, will they ever break even?

willpower101

newbie

Activity: 14

Merit: 0

Quote from: torusJKL on December 04, 2013, 07:55:29 PM

Quote from: dzarmush on December 04, 2013, 07:29:11 PM

There are lots of group buys for miners with delivery date somewhere next year. But according to these calculations even a couple of weeks matter http://www.vnbitcoin.org/bitcoincalculator.php

Is there something I don't understand, or most people doesn't know about difficulty growing? Or everybody who takes part in group buys for Q1/Q2 miners believes that bitcoin also going to grow with difficulty increase? The last month of Q2 is June, what if miners won't be delivered until then?

I'm sure they know about the difficulty increase.

Bitcoin going up in the price is not a valid argument for ROI in mining.
If you want to get ROI with a miner then it will need to mine more bitcoins then what you would have been able to buy at the same time you bought the device.

Otherwise it is better to just buy bitcoins and don't mine.

Torus, is there an equation form of this somewhere? I can visualize these things better like that.

CEG5952

hero member

Activity: 658

Merit: 500

Buy and sell bitcoins,

id never buy miners with coins at this point. fiat only. only way to roi.

bitintheghetto

newbie

Activity: 11

Merit: 0

I was just going to ask the same question.
It makes you wonder if these ASIC producers actually aren't just mining with the hardware and claiming they're designing and assembling then once the difficulty heads north they dump the hardware and on to the next one. Tinfoil... I know.

It's just odd that the difficulty seems to trend perfectly with the availability of new ASIC miners.
I appreciate that increase in TH/s available to the bitcoin network should shave a corresponding increase in difficulty but difficulty seems to be the leading indicator here. Have I got it all wrong? CAn any one provide some insights on how difficulty works and why ASIC producers can't seem to have devices available in time to provide good ROI for a given difficulty level.

torusJKL

hero member

Activity: 619

Merit: 500

Quote from: dzarmush on December 04, 2013, 07:29:11 PM

There are lots of group buys for miners with delivery date somewhere next year. But according to these calculations even a couple of weeks matter http://www.vnbitcoin.org/bitcoincalculator.php

Is there something I don't understand, or most people doesn't know about difficulty growing? Or everybody who takes part in group buys for Q1/Q2 miners believes that bitcoin also going to grow with difficulty increase? The last month of Q2 is June, what if miners won't be delivered until then?

I'm sure they know about the difficulty increase.

Bitcoin going up in the price is not a valid argument for ROI in mining.
If you want to get ROI with a miner then it will need to mine more bitcoins then what you would have been able to buy at the same time you bought the device.

Otherwise it is better to just buy bitcoins and don't mine.

dzarmush

legendary

Activity: 1806

Merit: 1001

There are lots of group buys for miners with delivery date somewhere next year. But according to these calculations even a couple of weeks matter http://www.vnbitcoin.org/bitcoincalculator.php

Is there something I don't understand, or most people doesn't know about difficulty growing? Or everybody who takes part in group buys for Q1/Q2 miners believes that bitcoin also going to grow with difficulty increase? The last month of Q2 is June, what if miners won't be delivered until then?

Topic: Q1/Q2 ASIC miners, will they ever break even? (Read 697 times)