Quote from: D_Thomas on July 26, 2013, 04:03:41 AM

Please elaborate on how selling my Jalapeno was a bad decision and how I could make more than $2K in mining (assuming BTC price remains around $100 / BTC)? I hope I got this right but at the current difficulty and projected difficulty over the next 12 months my 7Gh/s Jalapeno would have mined approximately 10 BTC. I stopped the calculation as of May 2014 because after that date my Jalapeno would be obsolete using more electricity cost that the value of coins mined.

I'm not saying selling your machine was a bad idea. And obviously you've done well investment wise.

And your math may very well be correct. I'm just saying that the math isn't the whole story about bitcoin and mining. There are people involved so there are always variables that can't be foreseen.

When the ASIC race started the high point in BTC price had been 32 USD then it had dropped to 5 and then back up to the 15 range. Then when ASIC's started showing up the price jumped up to what, 260 USD or so?

So the math is very fluid and will be until the ASIC vendors achieve some stability in their production rates. Once that stability is achieved I believe the price increase at a somewhat linear rate. But heck who knows?

Sorry for my rambling, but there allot of unknowns out there.
Later,
Sam