... To other gigaminers: Has anyone actually made a profit from investing in gigamining, or expect to make a profit through the free or paid upgrade paths? Unfortunately, no matter how I run the numbers, I just can't see that ever happening for me. I guess it all depends on your entry point. Mine was around 1 BTC per share.
On that note: When can we expect the upgrade option to become available again? And is there a thread/post outlining the actual numbers for the free and paid options?
On that note: When can we expect the upgrade option to become available again? And is there a thread/post outlining the actual numbers for the free and paid options?
yes, but only one "investor" and this name is gigavps. He has made a huge assload of coin (and now is underwriting house loans to people etc https://bitcointalk.org/index.php?topic=75802.msg2233884#msg2233884 ). Rest of the investors have probably earned close to nothing.
I was one of those fools who thought it was good idea at the beginning
Then, I did my homework and realized - investing to btc mining via perpetual For additional entertainment, see "Weekly loss of N% guaranteed - Enjoy perpetual loss with fixed Mh/s mining turds" from 2012 August.
Investing in a fixed rate mining turds is like betting against the rise of difficulty. LOL, I dumped all the mining turds I had.
I recall how Diablo was buying that crap up to become the largest miner and build his solar farm or what ever his delusion was at that time, while driving DMC price down down down. BTW, DMC managed to lose more in % than defaulted crap sold to BTC community by scammer Trendon Shavers and his sock puppets. (DMC -98%, scammer Trendon Shavers PT -75% or something)
BTW, gigamining price did actually relatively well (lost less than others) on GLBSE. Not because he managed to earn more coin to "turd" holders with rigs investors had bought for him, but because he kept spinning cleaver and slippery PR bull shit and this ugly upgrade scam. Guess what... here we are today.
This investment only makes sense to those, who truly believe BTC difficulty will start dropping or stand still after the BFL and other ASIC really hit the market.
Good luck and enjoy your ride to glory.