Topic: VC's should get into asic mining (Read 409 times)
Venture Capitalists , angels.
They can put in 'millions of dollars' not even just 1m.
Think about what you can accomplish with 5-10-25 million dollars in bitcoin business.
You could even make money off daytrading but that would be riskier comparing to building own chips.
I mean you can make your money back in couple of months (lets say less than 1 year to be sure) and these guys look at %25 yearly return (4 years in ROI) as a good thing.
So they can spend like 500k or 1m just to get everything that is ready at bfl and fc and avalon knc what not . So why dont they just capture whatever is ready and start minning right away and make their money already? We have seen people like peter thiel investing with caution , 1m is nothing to them , they should just get a deal of 5 th/s or something
Dont know what VC mean, but nothing hash/dollar wise is ready for shipment now, maybe with 500k or 1m I would try to make own chips if you consider it long investment
I mean you can make your money back in couple of months (lets say less than 1 year to be sure) and these guys look at %25 yearly return (4 years in ROI) as a good thing.
So they can spend like 500k or 1m just to get everything that is ready at bfl and fc and avalon knc what not . So why dont they just capture whatever is ready and start minning right away and make their money already? We have seen people like peter thiel investing with caution , 1m is nothing to them , they should just get a deal of 5 th/s or something
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