why does everyone rushes to buy ASIC? - page 2.

justanickname

full member

Activity: 157

Merit: 100

Quote from: EvilLizardApparel on February 26, 2013, 11:06:39 AM

The rush is due to return on investment. If you don't plan on mining alt coins, GPUs will be useless. If you want to mine bitcoins for a profit, you must pay off your hardware first. So, if you plan on mining bitcoins, the sooner you get an ASIC the better off you are. WIll be turning a profit more quickly.

That is not ture!. As I said avalon batch 2 part 1 payed 75 BTC while part 2 paid 56 BTC only 2 weeks later. so if the shipment gap is also 2 weeks
it means that part 1 will have 2 weeks to earn 19 BTC till part 2 get their hardware. do you really think this will happen?

ny2cafuse

legendary

Activity: 1582

Merit: 1002

HODL for life.

I honestly can't wait to see what the ASICs are going to do to the bitcoin in general. Everyone speculates on what will happen, but the next few months should be a fun ride. I've got my popcorn ready.

EvilLizardApparel

full member

Activity: 133

Merit: 100

The rush is due to return on investment. If you don't plan on mining alt coins, GPUs will be useless. If you want to mine bitcoins for a profit, you must pay off your hardware first. So, if you plan on mining bitcoins, the sooner you get an ASIC the better off you are. WIll be turning a profit more quickly.

Gabi

legendary

Activity: 1148

Merit: 1008

If you want to walk on water, get out of the boat

Because it is be the only way to mine.

RaTTuS

hero member

Activity: 792

Merit: 1000

Bite me

early adopters win more

I chose the wrong one
I loose out

justanickname

full member

Activity: 157

Merit: 100

Assuming prices of hardware are in USD.

1)If difficulty rises fatser than BTC/USD rate I understand the rush!

2)If difficulty and BTC/USD rises at the same rate, if you buy early you have risk like bad devices, shipping problems and scammers,
and you will not earn more, because if you buy late it is more difficult to mine but you bought the hardware for less BTC.

3)If difficulty rises slower than BTC/USD rate you should not buy.
and this is the situation we have right now, AVALON 2nd batch part 1 payed 75 BTC a piece while part 2 of this batch payed around 56 only 2-3 weeks later.

So, it seams that currently we are in situation 3, at least till 2 weeks ago, so what's the rush? Am I missing something here?

Topic: why does everyone rushes to buy ASIC? - page 2. (Read 1319 times)