Quote from: serjent05 on January 12, 2018, 03:48:25 AM

Quote from: michkima on January 11, 2018, 11:51:08 PM

Quote from: richardsNY on January 11, 2018, 11:42:52 PM

Quote from: Superways on January 11, 2018, 08:58:30 PM

Moreover, you also need to have really high performing super computers which is not that much easy to buy.

Just by looking at the difficulty increases, it should be a clear indication that mining Bitcoin just isn't something you should be doing. People think that if you buy an Antminer you're all set and will quickly ROI, which isn't the case. Sure, eventually eventually you might break even and from that point generate pure income, but the earnings will be so insignificant, that it is barely worth the effort. If mining will be done anyway, then people are far better off building an altcoin rig than focusing solely on Bitcoin. Altcoin prices are peaking at insane levels, which is great for miners, but no one knows how long these prices will be maintained, so people buying hardware right now might not benefit from current levels for too long anymore....

That may be true, but seriously a miner compared to a real estate investment or a lot of investment opportunities in the real world, the miner will still win. Imagine, a miner could pay itself after a bout a year or maybe a year and a half. As compared to a regular investment in the real world that would ROI by about five to ten years! Also, if you invest for the future running cost of your miners then that means you will be able to take advantage of any price increase of the crypto you are mining. That is something that you can do.

Have you tried investing in a real estate? You can never compare an appreciating value to the depreciating one. You might have an advantage in the beginning with mining but on the long run, investing in real estate will be proven to be a better one. One reason for this is, mining having a depreciating return. Meaning you get less and less every mining payout unless you upgrade your hashes, another thing is your gadget malfunctioning. If bad thing came and your mining equipment got busted right before you got your ROI, what do you think will happen to your investment?

To be honest with you I have. I have an investment of about $40,000 for almost about two years now. It earned about $5,000 after taxes per year. I get your point about appreciating value but honestly it is indeed good for the long run, however if you perform a quick evaluation of each investment you'll still find that the mining rig will out weigh the benefits of appreciating value of the property.

REAL ESTATE
Cost of condominium unit = $40,000
Estimated yearly profit = $5,000

ROI in 8 year and I can sell the unit say at about 150% after 8 years or $60,000. At 8 years that nets me $60,000 + $40,000 = $100,000. That means I profited about 150% in 8 years from my initial investment of $40,000. Which means I profited a mere 18.75% per year.

MINERS
Assuming you have a miner, usually it pays itself after about 8 to 10 months time and you invest also on the operating cost of it for a year, this means you will only need to convert your mined crypto after a year. That will result to higher profits since you speculated that the price will increase.

Assuming the miners only pays itself after 12 months or 1 year. That means anything I profit after 1 year is already pure profits.

Let's further assume that I invest $30,000 in miners and $10,000 for operating costs for one year (electricity, internet, etc.).

First year I profited $40,000 in crypto but since I don't need to spend it yet, I speculate and the value of the mined crypto increased by 100% (which is super conservative, usually crypto goes as much as 400% per year). That would mean my first year of mining is already worth $80,000. That also means I ROI already by the first year and even profited 100% in just 1 year! Say the next year, the miner is somewhat obsolete and it does not mine as much as it had before and due to the difficulty increase it could only profit about $20,000 (less expenses this time since this is the 2nd year), then I still profited a lot by the 2nd year and had already exceeded what I would have profited from my real estate investment in 8 years!