Quote from: Bicknellski on May 21, 2015, 05:14:57 PM

Quote from: LordPaco on May 21, 2015, 05:11:41 PM

At least I don't have to worry about competing with you.

I think you need to worry more about your own vision not what "competition" you think you are in.

This ends badly. All it takes is a $100 Bitcoin for the next 12 months to wipe out a major portion of the mining sector top to bottom big or small.

Those guys with "old" units either dump them for e-waste get the scrap value and retool or sell them on the Chinese market or keep running them on the cloud hashnest style... or like Bitmain to those who might still mine at home lol.

What are you going to do when you get your units? Jump for joy that they are over priced and inefficient compared to the better units your NDA partner keeps for their bigger client with the huge farm in Sichuan? We do remember the Bitmine debacle I hope?

Wish you the best of luck but if you are going to be getting product and it isn't spondoolies or bitfury I suspect you might not be happy with less efficient stuff that is over priced.

I've been telling these people for over a year that they are pissing their money away and they refuse to listen. Bitcoin price has gone in only one direction -- DOWN. LordTaco and Dumbward are the two biggest failures-about-to-happen right now. They will be the next JRose120's. They max out their credit cards and dump their life savings into it. They try to justify it by saying they can make money at $100 IF they have cheap electricity, or they can make money if they keep selling the old gear and buying new every few months. If you have to do that, it's a bad deal! One of these days they will wake up and there will be some big new government report about restricting or limiting bitcoin, the price will have crashed to $96 and dropping, and they will think "Tim was right". I got out of mining after the price peaked. I played with alt coins for a while then got out of those too while I could still sell my GPUs for a decent price.

And WHEN (not if) Dumbward and LordTaco fail, I'll be the first one in line to say "HAH! I TOLD YOU SO!!!"! Grin

More money than brains.