Topic: Why did you buy an ASIC? (Read 1748 times)
Pre order would have tentative date of release.
I suspect most people bought in for get-rich-quick. Why else would you scramble to get first-in-line on an expensive piece of hardware, months and months and months before they even promised delivery (aside from the fact that promised date was clearly completely unrealistic), with no assurance that such a thing would ever materialize?
Not that I am scoffing, simply saying that is really how it is, human nature and all. Myself, I will get in, or not get in, depending on whether or not it looks like a feasible investment, as I both enjoyed mining (back in the day), and would like to make something from it for myself. However if it looks to be unprofitable, I will probably pass. The network will attend to itself without any hassle from me. I of course will not invest more than my life can handle as suggested above, in case my judgement is incorrect either way.
For the few hobbyists, which I suspect are in the minority, they will be mostly a blip on the radar and that's fine, they will enjoy themselves, and be doing a little bit for the cause.
Not that I am scoffing, simply saying that is really how it is, human nature and all. Myself, I will get in, or not get in, depending on whether or not it looks like a feasible investment, as I both enjoyed mining (back in the day), and would like to make something from it for myself. However if it looks to be unprofitable, I will probably pass. The network will attend to itself without any hassle from me. I of course will not invest more than my life can handle as suggested above, in case my judgement is incorrect either way.
For the few hobbyists, which I suspect are in the minority, they will be mostly a blip on the radar and that's fine, they will enjoy themselves, and be doing a little bit for the cause.
I have a few thousand dollars in pre-orders, but I suspect many people have invested more than me. Number 1 rule: Don't invest more than you can afford to lose. If it all goes *poof* over the next 6 months, my life/future/financial outcome will not be drastically damaged.
Why did I invest? It's not for the get-rich quick plan. It seems quite logical that when ASICs do hit, everything else will be obsolete. So if ASICs are the future of mining, I'd rather get involved asap, rather than be left in the dust.
Why did I invest? It's not for the get-rich quick plan. It seems quite logical that when ASICs do hit, everything else will be obsolete. So if ASICs are the future of mining, I'd rather get involved asap, rather than be left in the dust.
I bought one and await its delivery. I don't imagine I will get rich off of it but it will run until it fails, profit or not.
Anyway,
BTC is a hobby that might pay me back. I like the idea and am happy to donate a few bucks of electricity if it comes to that
So far it has been a hell of a lot cheaper than my fly fishing. My fly vest alone has over a $1000 USD worth of gear stuffed inside. That's before the cost of my different weight fly rods and reels.
Anyway,
BTC is a hobby that might pay me back. I like the idea and am happy to donate a few bucks of electricity if it comes to that
So far it has been a hell of a lot cheaper than my fly fishing. My fly vest alone has over a $1000 USD worth of gear stuffed inside. That's before the cost of my different weight fly rods and reels.
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