Quote from: BitLex on May 20, 2011, 03:32:18 PM

yeah, it has always been that way
and you always tell people, they shouldn't invest into new rigs,
yet those that do made profit and probably already paid off their new rigs.

very strange that mining for me has always been like "assuming difficulty rises, but price doesnt, it might become non-profitable in about 3months",
it was like that in october, when i bought my first ATI card, it was exactly the same when i bought the second card in december,
it was still the same when i bought 2 other cards in february and again 2 cards about 2-3weeks ago, everytime i had at least 3month in profit assuming the price doesnt rise at all.

and guess what?
today that same (pessimistic) calculation tells me, that mining might become non-profitable around september,
so the risk to take isn't any bigger than it was half a year ago.

but we all know why you tell everyone not to invest in rigs. Wink

Quite an absurd comparison. I never said buying a mining rig or hardware was unprofitable back in October, or in December, or in February. 2-3 weeks ago I said that the only way buying mining hardware would be profitable is if exchange rates went up, and sure enough they did. Of course, my point was still that you'd be better of buying bitcoins directly if you were convinced the exchange rate was only going up. And I was correct. If you had bought bitcoins a month ago, you'd be doing way better than mining. But I don't think bitcoin exchange rate increases are going to continue.

The point is: Going forward buying a computer just to mine isn't going to be 'very profitable' like so many members are convinced. Difficulty is skyrocketing, so any comparison to last October, December, etc. is entirely irrelevent.

And please drop the conspiracy theory ad-hominem already. Roll Eyes