Quote from: baddogshuck on September 05, 2013, 01:40:49 PM

Well, there are so many people who are doing what you are doing right now - buying high hashrate ASICs. Because of this the the amount of hashing power is increasing rapidly. When the current rush of miners have got their systems in-hand, the hash rate will steady out somewhat.

Unless the price of bitcoin increases, I don't think rigs bought now will ever make enough to repay their cost as the total hash rate spirals.

Of course, you could keep buying more rigs to keep up your hashing power Grin

or he could sell his machine on ebay for a profit . he paid the old price around 1500.

he could sell it for 3.5k right now 2000 ahead. the price of 3.5k would be the lowest on ebay, just be sure to do pickup only and btc only (no charge backs)

then buy asic sticks with the profit (if he really wants to mine) I would sell him 50 sticks for 1500.

his out of pocket cost for the sticks would be zero. he would have only 17gh hash but it would be free. and still have 500 in his pocket. he would make me happy and the ebayer that paid "only" 3500 would be happy.

now down the road his asic sticks would not make a profit due to power costs (sounds like gpus) but 50 sticks pulls 200 watts or so and in the winter would be a bit of free heat so to speak.