Quote from: nhando on February 06, 2016, 05:02:58 AM

Quote from: adaseb on February 06, 2016, 03:07:45 AM

Quote from: methodlimp on February 06, 2016, 03:01:52 AM

Quote from: Exoskeleton on February 05, 2016, 10:33:36 PM

Bitmain sells S7s for the price the market will buy at. Its capitalism 101. Don't be mad, its the way of the world that we live in.

Got it. So shame on me, and everyone else who bought a batch 1-7 from buying, because Capitalism. Spare me the economics lesson kind sir.

My argument isn't "I'm hopping mad because I spent too much money."

No, I'm saying "we're all fools, and Bitmain is ruining the industry." And they're ruining it in the exact same way you tried to school me - "Bitmain sells S7s for the price the market will buy at. Its capitalism 101."

Even if that price means a 50% discount within 2 months.

If we were talking about anything other than a unit which is meant to consistently create an economic product for the owner, then I'd be totally on the same page with you. But the S7 has made me realize that the smartest people in the room are the ones who stopped home mining, and never bought an s7 in the first place.

Bitcoin mining is NOT scalable. And certainly not profitable. And with equipment already obsolete in less than 60 days - with impaired ability to resell for a reasonable price, not something you can really maintain (unless you like losing money for a loud heater in your room).

It's game over folks. The S7 is the destruction of the hobby miner.

Its because everybody wants to have a money printing machine -that's why we all got sucked into it.

Printer is out of ink, that's all. Time to refill it. =) Oh wait, the ink cost more than the printer...............they got me!!!

This is probably the best analogy i've read just yet but yes.