Topic: ROI discussion from: Bitmain's Released Antminer S9 (Read 1269 times)
Thx. Hopefully fixed for you now.
Did you find it ?
Thx. Hopefully fixed for you now...
Maybe "the 3rd time's a charm"? 
Here's a charm fer ya ..............
Thx. Hopefully fixed for you now...
Maybe "the 3rd time's a charm"? 
I must be; I haven't put morons like you on ignore, yet.
...there also are the phrases NEGATIVE RETURN ON INVESTMENT and POSITIVE RETURN ON INVESTMENT...
That was my point from the initial comment. You can't have a "NEGATIVE RETURN ON INVESTMENT" in a world were "having ROI" means "what I now have is what I initially invested" (because you cant have both less than what you invested and what you invested).
You can, however have a "NEGATIVE RETURN ON INVESTMENT" in a world were "having ROI" means "I invested in something and got some return, but the return isn't as much as my initial investment".
The latter of those two worlds is the real world (and the former is the world that the morons that created the want for this thread to be spun off live in).
Genius gets his own thread & then leaves it!!!!!!!!!!!!! WTF??
We need moar genius bro!!!!!!!!!!!!!!
Perhaps, he just realized that there are far too many people that are just, simply, too damn thick to ever understand that any monies that one gets in return, on an investment, is ROI (because, feken English). We need moar genius bro!!!!!!!!!!!!!!
One is better than the other. People that assume that their capital investment never decayed (or depreciated in market value) are likely not calculated their ROI correctly.
It appears that most everyone understands that.
Genius gets his own thread & then leaves it!!!!!!!!!!!!! WTF??
We need moar genius bro!!!!!!!!!!!!!!
Perhaps, he just realized that there are far too many people that are just, simply, too damn thick to ever understand that any monies that one gets in return, on an investment, is ROI (because, feken English). We need moar genius bro!!!!!!!!!!!!!!
Genius gets his own thread & then leaves it!!!!!!!!!!!!! WTF??
We need moar genius bro!!!!!!!!!!!!!!
We need moar genius bro!!!!!!!!!!!!!!
Hey guys, offtopic. Want me to split this discussion off so you can continue or are we done here?
I do not think he will ever be done. Was tired of all his off topic attacks on new miners.
I am done, I think I have exposed him for the fool he is.
E fer effort dude!!! I see he's a twit
Course I knew that a few weeks ago when he tried that "argue till ya blue in the face" shit on me Ok fudge,the WHOLE thread got thrown over here LMAO!!! Way to go Genius!!!!
...[blibityblablabla]....
And what is this claimable depreciation rate (for a hobby miner) that you plucked from your delusional Land of Make-believe? You really are an ignorant cunt aren't you?
You look like a half retarded monkey when you make statements like this one.
Hey guys, offtopic. Want me to split this discussion off so you can continue or are we done here?
I do not think he will ever be done. Was tired of all his off topic attacks on new miners.
I am done, I think I have exposed him for the fool he is.
...[blibityblablabla]....
And you can point to this law that covers earning .006BTC or selling it for 15,000MZC? 
...[blibityblablabla]....
so you could depreciate over 3 years (1/3 per year)
...[blibityblablabla]....
And who gave you this 1099 for earning .006BTC or selling it for 15,000MZC? so you could depreciate over 3 years (1/3 per year)
...[blibityblablabla]....
And you can justify the 3 year term of a new product introduced 1 year ago, how?
Depreciation schedules are set by the treasury idiot, and have NOTHING to do when they are introduced.
Are you 15? Thought you had "an accountant" and were "told by the IRS".
People like you are the reason a lot of people left this forum.
...[blibityblablabla]....
so you could depreciate over 3 years (1/3 per year)
...[blibityblablabla]....
And who gave you this 1099 for earning .006BTC or selling it for 15,000MZC? so you could depreciate over 3 years (1/3 per year)
...[blibityblablabla]....
And you can justify the 3 year term of a new product introduced 1 year ago, how?
...[blibityblablabla]....
And what is this claimable depreciation rate (for a hobby miner) that you plucked from your delusional Land of Make-believe? Hobby? It is not a hobby when you are getting 1099s from the sale, it is reportable INCOME. so you could depreciate over 3 years (1/3 per year) and expense EVERY single cost you have (like cables, electricity, internet service, trips to the store to get supplies etc). EVERYTHING. Just like a business. Just because you are not a corporation or an LLC does not mean you cannot deduct your expenses.
If you have one or two in a garage and live with MOM, it is likely you do not have an income high enough to pay taxes and this will not change that.
...[blibityblablabla]....
And what is this claimable depreciation rate (for a hobby miner) that you plucked from your delusional Land of Make-believe? ...[blibityblablabla]....
Yay you, you managed to catch me in a semantic misstep while doing 14 things (one of which is earning revenue [and an income] from my S9s)! Do you feel like an adult now? Edit: For the record, Joe Schlockrock running 1 or 2 miners in his Mommy's garage has no reportable difference between income and revenue and no justifiable cause to depreciate a still running S9.
Sorry, I cannot let this go. You are spreading incorrect and stupid information to people. joe schlockrock DOES have difference between Revenue and Income even if he is running them in his mommy's garage. he should be taking REVENUE (the rewards he receives each month) and SUBTRACTING from that revenue his EXPENSES (if he steals the electricity from his mommy, he cannot expense it and that is stupid but he still would have other expenses the largest of which would be DEPRECIATION.
To think that "no justifiable cause to depreciate a still running S9" is INSANE. IF (and I mean IF) an accountant told you that, he is a fool and you should report him. You think a cab company does not depreciate the cars because they are still on the road?
WHAT???
That is insane. You know there is special depreciation available also to fully expense these in year 1? Even if you do not want to do that, you still could do 1/3 of the cost each year.
You are giving people very bad advice serving it with an attitude. Stop.
...you need to get the original investment back before you are getting a return on your investment....
Because it's moot and off-topic, I'll leave you to your misconceptions and trust the definition used by my accountants (and the IRS, to whom both they and I answer to when it comes to such topics) over random uneducated strangers on the interweb. Stop being a jerk off. If your day job is to blindlessly fanboi Bitmain, then do it in a professional manner.
You are speaking out your ass, and should shut up about things you know little about.
thank you
...[blibityblablabla]....
Yay you, you managed to catch me in a semantic misstep while doing 14 things (one of which is earning revenue [and an income] from my S9s)! Do you feel like an adult now? Edit: For the record, Joe Schlockrock running 1 or 2 miners in his Mommy's garage has no reportable difference between income and revenue and no justifiable cause to depreciate a still running S9.
...Return on Investment is not a measure you report on your income tax return. INCOME is....
And you can't have income from an investment without getting a return ON that investment.You really are a silly
...jerk off....
So, you still do not understand the words that you are telling others they are wrong about.
Your own quote just states why you are wrong and you do not even understand. You have NO idea that income from mining is likely zero for most miners after the equipment is depreciated do you?
That you are an ass is quite clear but quit digging a hole on topics you do not even understand.
...Return on Investment is not a measure you report on your income tax return. INCOME is....
And you can't have income from an investment without getting a return ON that investment.You really are a silly
...jerk off....
...you need to get the original investment back before you are getting a return on your investment....
Because it's moot and off-topic, I'll leave you to your misconceptions and trust the definition used by my accountants (and the IRS, to whom both they and I answer to when it comes to such topics) over random uneducated strangers on the interweb. Stop being a jerk off. If your day job is to blindlessly fanboi Bitmain, then do it in a professional manner.
You are speaking out your ass, and should shut up about things you know little about.
...you need to get the original investment back before you are getting a return on your investment....
Because it's moot and off-topic, I'll leave you to your misconceptions and trust the definition used by my accountants (and the IRS, to whom both they and I answer to when it comes to such topics) over random uneducated strangers on the interweb. ...and I'm also not here to argue semantics...
It's more than an issue of semantics. When you misuse a financial word, you spread dis/misinformation. If you spend $1,000,000,000 on an investment and you only get back 1¢, then you have an ROI of 1¢. In such a case, $1,000,000,000.01 is an ROI of $1,000,000,000.01 not an ROI of 1¢.Because, words matter!
I didn't misuse the word Return on Investment. Return on investment is a measure of the gain or loss generated on an investment relative to the amount of money invested. When people say they've "hit ROI" - which they commonly do - it often means they've recuperated 100% of the amount of money they have invested. Antminer L3's "hit ROI" or "break even" in ~45 days.
CG: You are incorrect. GMP is correct. You are thinking more about an asset investment where the asset retains the original capital value.
In the case of miners, they have little value (unless someone on here would like to buy the pallets of Avalons/KNCs/CoinTerras/Spons that we have gathering dust) so you need to get the original investment back before you are getting a return on your investment.
This equipment depreciates quickly and that has to be subtracted from your income until fully depreciated.
This is not worth arguing with people over and you should let people be when you know what they mean. It just makes you appear petty especially when you are incorrect.
GMPoison,I see you met Computer Genius!!! Have fun!!!
I made ROI back on my S3+'s in about 6 months,I got em late in 2015 or so.
Doubt most will get ROI on their S9's that quick
And I don't give a fuck about how ROI is SUPPOSED to be interpreted of if I'm using it wrong,it is how I & MANY others have used it around here since 2011
I made ROI back on my S3+'s in about 6 months,I got em late in 2015 or so.
Doubt most will get ROI on their S9's that quick
And I don't give a fuck about how ROI is SUPPOSED to be interpreted of if I'm using it wrong,it is how I & MANY others have used it around here since 2011
Ditto!
GMPoison,I see you met Computer Genius!!! Have fun!!!
I made ROI back on my S3+'s in about 6 months,I got em late in 2015 or so.
Doubt most will get ROI on their S9's that quick
And I don't give a fuck about how ROI is SUPPOSED to be interpreted of if I'm using it wrong,it is how I & MANY others have used it around here since 2011
I made ROI back on my S3+'s in about 6 months,I got em late in 2015 or so.
Doubt most will get ROI on their S9's that quick
And I don't give a fuck about how ROI is SUPPOSED to be interpreted of if I'm using it wrong,it is how I & MANY others have used it around here since 2011
...then clearly I'm just an idiot...
Well, at least we agree on that much. 
I didn't misuse the word Return on Investment. Return on investment is a measure of the gain or loss generated on an investment relative to the amount of money invested. When people say they've "hit ROI" - which they commonly do - it often means they've recuperated 100% of the amount of money they have invested. Antminer L3's "hit ROI" or "break even" in ~45 days.
You did. It doesn't. And they're uneducated.Quote from: Entrepreneur
ROI
Definition: A profitability measure that evaluates the performance of a business by dividing net profit by net worth .
Definition: A profitability measure that evaluates the performance of a business by dividing net profit by net worth .
Quote from: Investopedia
ROI
A performance measure used to evaluate the efficiency of an investment or to compare the efficiency of a number of different investments.
....A performance measure used to evaluate the efficiency of an investment or to compare the efficiency of a number of different investments.
No educated definition of "ROI" means "recuperated 100% of the amount of money they have invested". None! In fact, by some ROI formulas, "break even" = 0 (literally).
The only thing worse than you still yammering on, about an L3 in an S9 thread, is the fact that you're wrong about your yammering.
You're right, no educated definition of "ROI" means "recuperated 100% of the amount of money they have invested". That's why I didn't define ROI that way. I defined the informal phrase/slang referred to as "hitting ROI" as recuperating all of the money you've invested, not "ROI" itself. Obviously.
The only thing worse than berating someone for yammering on is the fact that you feel the need to keep replying yourself, when that's the very thing you're berating me for, being off topic. If I'm so wrong, then clearly I'm just an idiot that doesn't deserve to be replied to, and you won't reply to this. Stay on topic and drop it, right? Be the bigger man, right? Quit being a dick for no reason other than your psychological need to be right and use only the most formal of grammar on an internet forum, right?
Goodbye and good luck my friend.
I didn't misuse the word Return on Investment. Return on investment is a measure of the gain or loss generated on an investment relative to the amount of money invested. When people say they've "hit ROI" - which they commonly do - it often means they've recuperated 100% of the amount of money they have invested. Antminer L3's "hit ROI" or "break even" in ~45 days.
You did. It doesn't. And they're uneducated.Quote from: Entrepreneur
ROI
Definition: A profitability measure that evaluates the performance of a business by dividing net profit by net worth .
Definition: A profitability measure that evaluates the performance of a business by dividing net profit by net worth .
Quote from: Investopedia
ROI
A performance measure used to evaluate the efficiency of an investment or to compare the efficiency of a number of different investments.
....A performance measure used to evaluate the efficiency of an investment or to compare the efficiency of a number of different investments.
No educated definition of "ROI" means "recuperated 100% of the amount of money they have invested". None! In fact, by some ROI formulas, "break even" = 0 (literally).
The only thing worse than you still yammering on, about an L3 in an S9 thread, is the fact that you're wrong about your yammering.
...and I'm also not here to argue semantics...
It's more than an issue of semantics. When you misuse a financial word, you spread dis/misinformation. If you spend $1,000,000,000 on an investment and you only get back 1¢, then you have an ROI of 1¢. In such a case, $1,000,000,000.01 is an ROI of $1,000,000,000.01 not an ROI of 1¢.Because, words matter!
I didn't misuse the word Return on Investment. Return on investment is a measure of the gain or loss generated on an investment relative to the amount of money invested. When people say they've "hit ROI" - which they commonly do - it often means they've recuperated 100% of the amount of money they have invested. Antminer L3's "hit ROI" or "break even" in ~45 days.
...and I'm also not here to argue semantics...
It's more than an issue of semantics. When you misuse a financial word, you spread dis/misinformation. If you spend $1,000,000,000 on an investment and you only get back 1¢, then you have an ROI of 1¢. In such a case, $1,000,000,000.01 is an ROI of $1,000,000,000.01 not an ROI of 1¢.Because, words matter!
...How about you try to be constructive?
How about you try to be on topic? ...Well I don't know if you've looked up the profits that the Antminer L3+ ....
And why would I look up the profits of an X11 miner for a thread about a SHA-256 miner? ...So you're saying that as soon as you have your mining equipment payed off (you hit ROI) ....
No one that knows what ROI stands for (Return On Investment) has ever said that.You cut off the rest of my original post in which I was speaking of Litecoin as well, and I'm also not here to argue semantics.
How about you try to be constructive?
...Well I don't know if you've looked up the profits that the Antminer L3+ ....
And why would I look up the profits of an X11 miner for a thread about a SHA-256 miner? ...So you're saying that as soon as you have your mining equipment payed off (you hit ROI) ....
No one that knows what ROI stands for (Return On Investment) has ever said that. Jump to: