Quote from: chungenhung on September 13, 2012, 02:22:56 AM

You are right, Coinlab and Asicminer aren't making anything now, and they probably never will. I've been trying to explain that to you earlier too.

I'm glad you think so, but the fact that more and more people are joining coinlab seems to indicate people disagree with you there. There's not a known timeline, but to say it probably never will is a little disingenuous. There's already a huge market for gpu clusters, the field is rapidly growing and changing. CoinLab is just working through the logistics.

ASICMiner will most likely produce a product and start making money. They might rock the socks off BFL and the others or they might just be average. Either way, they should produce a return and any returns are paid to GLBSE shareholders before the three principals. Even a simple 1:1 return of capital ends up being a 10%+ return.

Quote from: chungenhung on September 13, 2012, 02:22:56 AM

We need to take the risk, either to keep investing in ASIC or say we have enough exposure already.
Keep investing in ASIC means we might get ahead, but if not, everything will be gone, nobody would likely be paid anything.
If we don't invest in ASIC, means people get paid in this waiting time, and possible in the future, we never see our principal back.

I think you're trying to cut off your nose to spite your face. You're looking at this in the shortest of possible of terms and failing to look at the larger picture. Mining, if done right, will always be profitable. Attempting to take too much out too quickly and not fully accounting for the rapid pace of depreciation is what screws things. Look at what's going on with gigamining or any of the others, asic combined with the reward halving is flipping the mining field in unknown directions. Stockpiling a little coin right now is the most prudent thing. If it turns out things are a bust, there's nothing preventing a payment of those in the future. If price of coins goes up some, it makes buying hardware easier and less coins are diverted towards the keeping up and more coins are paid out. If price goes down, then perhaps asic doesn't make sense and that means I can afford to buy more from "the day job", thereby decreasing the payback period.