Quote from: ReAzem on March 27, 2013, 05:16:02 AM

Quote from: TCollar on March 27, 2013, 05:12:40 AM

Quote from: ReAzem on March 27, 2013, 04:59:32 AM

I don't really understand your justification for the price.
Your mining wont nearly pay itself as fast as the ASIC stuff. 60k of ASIC would have gotten you so much more power.

I stuck with what I know and that is crazy ass hardware. I know 60k of ASIC would get me more power. Man, 60K of ASIC would get me 3TH which would then make me buy a very large boat and sail to Richard Branson's island and kick him in the testicles.

But ASICs are not being delivered. Avalons...yes, kinda. But there is something in the "too good to be true" in the typical ASIC promises that seem to be filled with slowness at best and felons at worst that made me decide that if I was going to gamble I was going to do it on something I knew I could get my hands on.

How many ASIC rigs are out there right now do you think?

The number suggest it is the Godot of hardware and we can always replace lost money but we can never replace lost time.

I think they will ship.
If BFL ships everything, non-ASIC gear will just be a waste of electricity.

If it's not Avalon or BFL that ends up shipping, someone else will do it. Technology is here and market is here, there has to be people making the gear availible.

You are right in that if it ships I will be stuck with rigs that will not be totally worthless, but I will lose money on them. I had an offer to lease them out for animation work but that won't pay for them.

You are also right about your prediction that someone will ship, but chip makers are a conservative lot and making and shipping chips that have the promise of having productivity halved in the future is something that makes them skittish. Also combined with the possibility of a bitcoin crash (always possible) that too is likely to keep the chip production down.

So I jumped in while others were waiting. I might lose a chunk of cash. I might mine a ton of bitcoins and have the bitcoin crash on me. ASIC rigs could end up fitting on wrists and generate "free money" for the wearers. I don't know. In fact, the economic modeling I do in my cluster really cannot tell me what will happen either since it has only been around since 2009 and really only been a currency for less time than that. So my economic models say 0.00, which means I built a cluster that says I should never have built a cluster, but I still think it is a better bet than ASIC.