Post
Topic
Board Hardware
Re: Buying ASIC Units in bulk - 1 million USD budget
by
Vycid
on 10/06/2013, 17:21:31 UTC

The bet here is that Bitcoin is going to succeed and at $10,000 or $100,000 a Bitcoin does it matter to much if you paid $70 or $130 for it.


Sure it does - if you were to buy $100,000 worth at $70, that's ~1428 coins; if you buy $100,000 worth at $130, that's ~769 coins. If they end up being worth $10,000 each, then you've ended up with $14.28 million on one hand and $7.69 million on the other. $6.59 million sure does seem like a lot of money to me  Wink

Anyway, I'll get you those projections a bit later. If this is for real, and you're really serious about making a million-dollar entry to Bitcoin, I'd be happy to discuss possible business opportunities. I can get you bought into Bitcoin much cheaper than the way you're doing it, and you can still have the tax benefits of purchasing real goods.

If you're fixed on the mining thing, in fact, I can help you get hardware much more likely to end up turning a significant profit. But we'll start with the projections.

Vycid