That one dude who selling all his 5870s and whatnot for too much bling on this forum got an offer from Angelius for his rig. Tells you something about which side of the mouth one talks out of. Yes people bailing on mining helps me out too, but I prefer to just be an honest injun about stuff. There is still money to be made mining. It's not a great time to buy in but it's not necessarily a death trap either. You need to be smart about how you invest and don't expect money to fall into your lap and give you a happy ending while it's at it.
Easy peasy, didn't need 20 new threads to say that.
blah blah blah, stop mining so the difficulty will go down for me, don't let the door hit you on the way out
Between the "your dumb because you're paying too much for your 5830s" and this, we know, you really want to scare people to quit
Actually, I don't believe the parent is trying to scare anyone away from mining. He is simply pointing out, and rightly so that depreciation costs represent a substantial cost over that of electricity for mining. Depreciation is hard to get right with mining though as even though we are seeing some of the lower end video gear being sold, (still not many 5970/6990), there is still a scarcity of good mining hardware.
I think another factor though which encourages me personally to continue mining is that I would like to believe that bitcoin has a real chance to succeed as an internet currency. To that end, I would like to remain a part of that.
Wrong, you haven't been around to see the OPs 5000000 other topics about OMG THE SKY IS FALLING YOU'RE GOING TO GET AIDS IF YOU MINE, etc.