Quote from: vpereira on August 31, 2013, 07:01:27 PM

Quote from: Keyser Soze on August 31, 2013, 06:31:51 PM

Quote from: bcp19 on August 31, 2013, 12:41:20 PM

Ah, no, you did not... "If you produce less bitcoins (in the life of the miner) then the miner cost (in bitcoins), then mining activities has created a loss " <-- Most of the time when people start using this argument, they also say that it would be better to spend that money on BTC and save it than purchacing the mining equipment as you'd have more money in the long run. That is why I used the horse and water analogy... if a person can buy and wait they should and would be ahead, but not everyone can.

People mining for profit should do their best to separate profits/losses from mining activities and profits/losses from speculation.

If anyone is trying to determine if they should start a mining operation (for profit) or speculate on the price of bitcoins(for profit), they should do their own research and come up with their own conclusions. Random people on some forum may not be giving the best advice. Grin

well said... from the miner point of view, to recommend people to buy coins makes sense: one less miner to fight against and one (or more) transaction(s) to be mined.

yes exactly. accordıng to my calculatıon you can stıll make a profıt for the next 12 months on a 600gh monarch. but agaın that all comes down to the tıme you wıll receıve ıt. ım actually lookıng ebay these days to fınd a rıg over 100gh yeah ıt mıght be twıce the prıce but ı would stıll buy ıt my only concern ıs that ıts fucked out. why else would you sell a rıg that stıll ıs capable of mınıng unless youre really desperate for cash ın whıch case you shouldnt be mınıng ın the fırst place