Post
Topic
Board Mining speculation
Re: Not worth mining any longer for anyone not already in. Am I wrong?
by
os2sam
on 26/07/2013, 01:47:49 UTC
It makes zero sense that someone like BFL would sell any of their products at all. Anyone with capacity to build powerful miners should be mining with them, not selling them. Something fishy is going on.

If a company made ASIC miners and mined a large number of coins continuously it would devalue Bitcoins and only produce a profit for a short time.

If a company, or 3 companies so far, make ASIC miners and sell them to miners then many individuals, whether truly individual people or groups pooling their investments, then the ASIC makers make money from continual sales, miners make BTC and the eco system continues.

You could have kept your Jalapeno and made more than $2K from it.  So it seems like your complaining about your own bad decision?  Not that you haven't done well with your initial investment.  Now your in a spot where your basically done, unless you want to invest allot more money.

Don't know what to recommend for you?  Maybe buy and sell Bitcoins?

Good Luck,
Sam