Quote from: Entropy-uc on December 19, 2017, 07:36:44 PM

Quote from: Phycodurus on December 19, 2017, 12:18:47 AM

Hey there Entropy-uc,

Can you back your statements with data?

For a setting of 50 DragonMint 16Ts ($1,710/pc including power source) = $85,500, today's profit is 3.1 monthly BTC according to Antpool: https://www.antpool.com/support.htm?m=calculator

ROI is around 1.5 months after purchase, even considering electricity costs.

Besides, the hardware itself doubles its value nowadays when in stock, so the return on investment is 200% already since the moment you receive the miners.

What's your opinion on these numbers? Do you see any flaw in my reasoning?

The only problem I see is that the difficulty increases every day, and from yesterday to today, according to this very same calculator, profits fell by 15%. I opened a thread about this today.

Flaws:
1. The equipment doesn't exist, no one has ever seen evidence that it is real, and there is a very large possibility you will get nothing for your money. What is the ROI for that?
2. If you do get it, it will be many months from now. Difficulty will definitely be vastly higher so your earnings will be a fraction of what you estimate.
3. Price can go down in the face of rising difficulty, it has happened many times before. Look at long term difficulty charts. Difficulty ALWAYS go up. Price can and does go down for years at a time.

Back to the days when pre-orders are the fucking norm. I'll never understand how so many people are happy to give interest free loans to their competition for magic money machines. Whats even funnier as you point out is that in so many cases buying and holding is a vastly better investment especially when you actually think about the risk/reward ratio!

Mining is a bet AGAINST difficulty increase... Based on current coin price and supply of equipment that is not
a bet many folks will win.

Welcome back all investomers you are the wet dream of your competition!