Re: CoinTerra announces its first ASIC - Hash-Rate greater than 500 GH/s

Quote from: dhenson on August 20, 2013, 02:16:27 AM

Quote from: flibbr on August 20, 2013, 12:09:32 AM

Agree with all other comments here, this thing will never pay for itself, too late into the market and too over priced:
http://mining.thegenesisblock.com/a/294c1f0fab

The sad thing is, this is more likely:
http://mining.thegenesisblock.com/a/1edc4b3911

You lose 75% of your investment.

Yes difficulty reaching >1 trillion is highly likely.

I would point out that even with free hardware, $0.10 electricity and <1W per GH the exchange rate would need to be $42,860 per BTC. In other words miners would be paying $42,860 in electricity (or more if they have less efficient rigs) to mine one BTC.

Awesome analysis.