Post
Topic
Board Mining speculation
Re: Block Erupter USB owners won't make ROI???
by
Rampion
on 17/06/2013, 21:41:18 UTC
Congrats to friedcat, he did it very well considering he had a limited supply and there was a shortage of supply in the market, but saying that those prices are reasonable (meaning they will allow ROI for customers) is plainly and simply retarded.

Why is it the responsibility of a seller to sell for any less than the market will pay him for his goods?

I would consider a seller who wasn't selling for the maximum they could get for low quantity items to be somewhat mentally defective.  There is very strong demand and very limited supply, therefore the prices will be quite high.

Because it's shortsighted. When people realize they get ripped off, they tend not to make the same mistake twice. If this was a fly by night model, it would work. But if they are here for the long term, this is a mistake.

Well, mining is sort of a "complicate" business, so I agree that there are many customers that did not realize that their blade would never ROI because they do not understand the math behind it. But, I'm sorry - it's their fault. At least ASICMiner didn't make misleading statements about dreamlike ROI. They auctioned their first units stating hashrate and power consumption, without promising any kind of return, as many auctioneers do at least in a subtle way. Friedcat set up a fixed price for the following units that was good enough to have them sold out, again without subtle promises. If people is dumb enough to invest without understanding what they are investing in, it's their problem.

For the long term, better hope that open source alternatives spread. Because a private company offering money machines for less money than they will print will never exist, we better get used to that.