Quote from: TheSwede75 on July 12, 2013, 03:26:28 AM

Quote from: frostwind on July 10, 2013, 11:25:58 PM

Based on how the ASIC miners are coming online by the thousands, and the fact that difficulty have been increasing at a steady rate of 1.26% since beginning of year, there's no reason to think that the rate of difficulty increase will ease soon over the next few months.

Meaning if you buy a ASIC miner that have no other use than mining BTCs:
70% of profit is mined in the first 3 months!!!!
97% of BTC is mined in the first 9 months!!!!!!!!!!

The economics of buying ASIC miners from Butterfly Labs makes no sense. Considering that:
- They are extremely slow in shipping, 2 months or more meaning a year or 10. They are still trying to ship the June 23rd order from LAST YEAR
- No refunds, all payment upfront.

While they are busy using the rigs to "burn in testing", they are getting a lot of BTCs for themselves for sure while their customers are waiting for them to ship. So if they delay the order by 6 months or so, they would have earned 90% of the profit themselves. By the time their customers receive their last gen order, it'll be obsolete because their little 5GH/s unit cannot compete with new 500 GH/s or 1TH/s ASICs.

Furthermore there's no data on power consumption, meaning that the power consumption is likely very significant.

So stay away from ButterflyLabs and don't be the fish biting their hook!

That is an impressive amount of bs and lack of knowledge.. OP is 12 years old

Now we know its all TRUE

Especially the fact that every ASIC manufacturing company mines with the equipment for for weeks at a time because they can.

Miners are low man on the totem pole unfortunately.