Quote from: af_newbie on August 28, 2013, 04:13:37 AM

Quote from: erk on August 28, 2013, 03:43:51 AM

I don't think ASIC mining scales to suit big farms. I think it is best for home users with no staff or rent overheads, I might be wrong, but so far none of the big projects make sense on paper unless BTC/USD starts doubling in price every few months.

+1

You are very right about this. Bitcoin mining does not make any business sense. Only when projections of ever increasing BTC/USD exchange rate are included a business plan, the numbers add up.

Big farms have big capital expenditures, operating costs AND ever decreasing profits. How is it attractive from a business perspective? It is extremely risky, needs lots of capital and profits are decreasing every two weeks. You need to add more capital to invest in more hardware and infrastructure to maintain the same profit level. But even then the the actual profit/capital invested is decreasing as time goes on.

If you build 14M data center, the capacity of that center might be reached within first few months, then what? You build another one? Another 14M?

Its not correct that a rising bitcoin exchange price is good for anything. If you await that the bitcoin price is rising then it would be smarter to simply buy bitcoins.