Topic: ROI on hardware (Read 836 times)

On your previous post you said that bitcoin is a pyramid. Now you care about the network? 

Winner - I was baffled until I got to that line as well and then gave up.

O'rly, can I buy a BTC for 1$ from you?

I know what you are saying, but my point is, the difference between them are rich or richer and I rather support the network and be rich than richer.

I reply who Ponzi was... Nothing more , nothing less

And your point is???

http://en.wikipedia.org/wiki/Charles_Ponzi

It is not possible to compare GPU mining historically and ASIC mining now and expect  price/difficulty correlation will be the same 

Every time bitcoin goes up in value... PONZI PONZI PONZI PONZI PONZI PONZI PONZI PONZI

You should have put this early on your post so we can stop reading early as well.
Now i went through almost everything you wrote to realize that you don't have the slightest idea about what you are talking about.

Anyway. When you see people explaining about how mining is not profitable they mean that it is more profitable to buy bitcoins.
Since asics have no other value whatsoever if you give 5000 for an asic that will ever mine 6 bitcoins it's better to give 5000 and buy 9 bitcoins.
BTC price is irrelevant.

I just wanted to put an end to these non-ROI posts.

The concept ROI becomes harder to grasp since we are investing FIAT (inflationary) currency in devices that themselves create non-FIAT (deflationary) currency:

The bottom line is; if BTC does not increase in value you don't make ROI and othervise you do!

All investments in BTC (currency or hardware) are FIAT to non-FIAT, so to boot you always have that transition, but then later you find yourself with BTC, which you should keep if you are greedy, but that I choose to reinvest in bitcoin hardware at a future loss. Why? Because overall I have made ROI on my initial investment, and I wan't to ride the deflationary wave because I don't really have anything I want to buy. = I'm deflationary, but that's another thread.

You cannot buy love, remember!

So there is no non-ROI, because at some point we all invest FIAT, how MUCH ROI you get depends on how you invest going forward (FIAT or generated BTC) and on how well BTC does in the exchange between these. But to say some hardware won't ROI in FIAT is simply false as long as BTC is deflationary, which it is by design.

If you look at price/difficulty correlation, the price should allready be 10.000+ $/BTC.

Ofcourse bitcoin is a pyramid scheme, everything in life is. We are looking for the greater fool, but I think most FIAT fools are greater still, it's a gamble that becomes more expensive the more you wait, so get that credit card out of that wallet and join the future?

PS. Most people yelling non-ROI are actually vested in hardware and want the difficulty to stay low so they can harvest more BTC. DS.