Quote from: thomashrev89 on August 13, 2013, 07:20:02 PM

Quote from: WastedLTC on August 13, 2013, 07:04:47 PM

Quote from: NiteShdw on August 13, 2013, 06:58:38 PM

Quote from: ridnovir on August 13, 2013, 06:30:42 PM

currently difficulty is at 37. and is estimated to jump to 50. which is ~%35 increase so, if this trend continues, we are talking ~%100 increase per month
http://mining.thegenesisblock.com/
that is why I decided not to buy knc Jupiter at the moment, even if it is delivered in October as promised I still would not make ROI. Cry

if there is a flaw in this logic please point it out I really want to get Jupiter.

You're assuming that the exchange rate of BTC will stay the same. Let's say the exchange rate goes to $200 USD / BTC or even higher, those coins you mine are suddenly much more valuable and can affect your ROI, though it may take a lot longer for you to see that.

I stopped mining back in 2010/2011 because they were only worth like $2 and it was costing more in electricity than it was worth. Had I kept mining, that investment would have more than paid off. If you are in this for the long term, then the investment could still pay handsomely.

I, personally, expect the price to rise because it will take more and more computing power to generate the same coins, pushing out the small guys and leaving only big investors with the hardware to mine, plus you have the deflationary pressures as people hoard coins.

Right but that theory supports getting a refund and just buying coins with the money.

where is the fun in that?

The fun is the holiday you go on with the money you didn't throw away Wink

As for the Jupiter being more powerful and nothing being said about the others...I'd assume as they are modular they gave us credit to be able to work out that will scale down the range?

Coin value is key as was just said..if you're in it for a quick profit from mining now then you're not going to do well. Which is why all this talk of mining being a business is a bit silly IMO, it's a gamble at worst and a long term investment at best. Unless you can write a 3 or 5 year business plan that makes sense, or possibly take advantage of things like claiming VAT and tax back on hardware and other expenses...which would be sensible for some high rollers

You'd have to wonder how the tax man would look on a business mainly involving mining BTC.