I constantly get questions about mining from people who have just heard about bitcoin. Is there a good post somewhere I can point them to? I think it should include the following points:
1) If they think the price is going to go up a lot, it is much better to buy coins than hardware
2) Info about what ASICs are currently doing to mining, how long it will take to get an ASIC, the risks of ordering an ASIC now, refund policies, and what the mining environment will be like once their ASIC finally arrives.
3) Electricity costs for running GPUs and CPUs and ASICs
4) General discouragement. They are two years late to the party. Newbies should be buying coins, encouraging merchant acceptance, and building the economy, not wasting time learning how to mine or giving money to semi-scam companies.