Topic: Swedish ASIC miner company kncminer.com - page 1601. (Read 3050071 times)
I think the problem is in understanding English. ROI is not return "OF" your investment, it is return "ON" your investment! Huge difference.
I stand corrected. Thank you.
I guess this was a leftover from my earlier confusion, ROI meaning realisation of investment. (In which case my claim would be accurate - hopefully
)
I guess this was a leftover from my earlier confusion, ROI meaning realisation of investment. (In which case my claim would be accurate - hopefully
) 
Anyone looking at the mining dashboard estimates before buying ANY rigs now...that's got to be a cooler. You struggle to find anything that will reach break even on there now, except the Jupiter delivered in Sept/ Oct and the price is the november discount one not the price anyone actually likely to get one in those months paid.
Even if it's not accurate it's bound to make people think twice unlike 2 or 3 months back when it looked a lot rosier if not exactly bright.
I think it's possible that miners will become much harder to sell, and even moreso on pre-order given the near future losses they are likely to make. Some serious price cuts would be required to improve that.
Even at 5k, would you buy a Jupiter today knowing it would arrive in mid November and never break even? That's looking likely now. So who is going to be buying them?
Even if it's not accurate it's bound to make people think twice unlike 2 or 3 months back when it looked a lot rosier if not exactly bright.
I think it's possible that miners will become much harder to sell, and even moreso on pre-order given the near future losses they are likely to make. Some serious price cuts would be required to improve that.
Even at 5k, would you buy a Jupiter today knowing it would arrive in mid November and never break even? That's looking likely now. So who is going to be buying them?
breaking even is 0% ROI.
.)) joking, right?
No. It is a very basic financial concept. Breaking even is no PROFIT. REVENUE =/= PROFIT. ROI% measures PROFIT.
It's terrifying how few seem to grasp this simple notion.
No. It is a very basic financial concept. Breaking even is no PROFIT. REVENUE =/= PROFIT. ROI% measures PROFIT.
ah shoo, why did you have to tell them?
Now they will stop perordering all those "ROI" generating miners that will secure our network.
Well, that is if they understand " =/= "
what econ class did you take? that's not ROI that's simply getting your money, back, breaking even.
Breaking even means 100% ROI, no? Enlighten me.In Bitcoin land yes for some reason people started using it that way and it stuck. For the entire rest of the planet ... no.
ROI is return ON investment. breaking even is 0% ROI. Losing money (like buying a 100 BTC rig which only produces 60 BTC before it goes into the trash heap) would be a negative ROI.
No it doesn't. If net profit is negative, ROI is negative.
Quote
return on investment (%) = (Net profit / Investment) × 100
http://en.wikipedia.org/wiki/Return_on_Investment
breaking even is 0% ROI.
.)) joking, right?
No. It is a very basic financial concept. Breaking even is no PROFIT. REVENUE =/= PROFIT. ROI% measures PROFIT.
what econ class did you take? that's not ROI that's simply getting your money, back, breaking even.
Breaking even means 100% ROI, no? Enlighten me.In Bitcoin land yes for some reason people started using it that way and it stuck. For the entire rest of the planet ... no.
ROI is return ON investment. breaking even is 0% ROI. Losing money (like buying a 100 BTC rig which only produces 60 BTC before it goes into the trash heap) would be a negative ROI.
No it doesn't. I mean if you are going to take the time to "correct" me, at least correct me correctly.
From YOUR cite
Quote
return on investment (%) = (Net profit / Investment) × 100
or
return on investment = gain from investment/ cost of investment[1]
or
return on investment = gain from investment/ cost of investment[1]
GROSS REVENUE =/= PROFIT.
If you miner costs 100 BTC and you produce 100 BTC in GROSS REVENUE, then your profit would be 100 BTC - 100 BTC = 0 BTC.
ROI% = 0 BTC / 100 BTC
ROI% = 0%
If your miner costs 100 BTC and you produce 150 BTC in GROSS REVENUE, then your profit would be 150 BTC - 100 BTC = 50 BTC.
ROI% = 50 BTC / 100 BTC
ROI% = 50%.
If your miner costs 100 BTC and you produce 20 BTC in GROSS REVENUE. Then your profit would be -80 BTC.
ROI% = -80 BTC / 100 BTC
ROI% = -80%.
Note to simplify I didn't include electrical costs. Electrical cost should also be subtracted from gross revenue.
It is the same concept in stocks. If you bought shares of xyz mining corp for 1 BTC and you received 0.1 BTC in dividends and then later sold the shares at a loss for 0.8 BTC, your gain would be -0.1 BTC (0.8 sale price +0.1 dividend -1.0 purchase price). A loss is a negative gain. Your investment was 1 BTC and your gain -0.1 BTC. Your ROI% = -0.1 / 1.0 = -10%. You have a negative 10% return on your capital ("you lost 10%").
what econ class did you take? that's not ROI that's simply getting your money, back, breaking even.
Breaking even means 100% ROI, no? Enlighten me.In Bitcoin land yes for some reason people started using it that way and it stuck. For the entire rest of the planet ... no.
ROI is return ON investment. breaking even is 0% ROI. Losing money (like buying a 100 BTC rig which only produces 60 BTC before it goes into the trash heap) would be a negative ROI.
lol, you are using wikipedia. Thats your first problem.
breaking even is 0% ROI.
.)) joking, right?
What on earth is that?
Horten Ho 229
(dont ask me why its posted there)
what econ class did you take? that's not ROI that's simply getting your money, back, breaking even.
Breaking even means 100% ROI, no? Enlighten me.In Bitcoin land yes for some reason people started using it that way and it stuck. For the entire rest of the planet ... no.
ROI is return ON investment. breaking even is 0% ROI. Losing money (like buying a 100 BTC rig which only produces 60 BTC before it goes into the trash heap) would be a negative ROI.
what econ class did you take? that's not ROI that's simply getting your money, back, breaking even.
Breaking even means 100% ROI, no? Enlighten me.Only in Bitcoin land. For some reason some clueless people started incorrectly using it that way and it stuck. For the entire rest of the planet ... in every other financial scenario ... no.
ROI is return ON investment. breaking even is 0% ROI. Losing money (like buying a 100 BTC rig which only produces 60 BTC before it goes into the trash heap) would be a negative ROI.
Why is hashfast able to provide the order chain and KnC is not willing to do so?
https://hashfast.com/order-chain/
https://hashfast.com/order-chain/
Someone really bought 200 jets in one go? How reliable is this information?
It was me. It was I.
What on earth is that?
what econ class did you take? that's not ROI that's simply getting your money, back, breaking even.
Breaking even means 100% ROI, no? Enlighten me. 
KNC: if you want to improve your sales, video of working unit is much better than auctioning slots for adverts at 20.5BTC/annoying banner.
Like they don't know that, if they would have a video of working unit you can bet it would be already posted. Even if they have a photo of a chip it would be a sensation. In the meantime, adverts will have to do to avoid panic.
Has someone already asked for a refund at this late stage of developement?
Boom! Another one bites the dust.Those who ask for a refund now at least get their investment back, those who don't will be most likely looking at a negative ROI. Gonna be interesting to watch.
Mining = 100% ROI in 4 - infinity months
what econ class did you take? that's not ROI that's simply getting your money, back, breaking even. There is no ROI in term of BTC gained unless you are mining lower difficulty alts and selling them for a good price on the exchange.
Has someone already asked for a refund at this late stage of developement?
Boom! Another one bites the dust.Those who ask for a refund now at least get their investment back, those who don't will be most likely looking at a negative ROI. Gonna be interesting to watch.
Mining = 100% ROI in 4 - infinity months
Disclaimer: no horse in this race ... don't base your descisions on my posts yadda yadda yadda ...
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