Hey folks.
I understand that the first people to get the best miners can make a lot of profit, but as more competition comes on to the market, obviously difficulty goes up and the hardware depreciates/captures a smaller piece of the pie. On the flipside, theres probably not many average bitcoin loving joes who bother to mine, and even less who have the required capital to buy the best miners.
Therefore is it worth it to just buy the best and take a gamble that no better miners will be released?
The mining equipment market is very saturated with pre-orders at the moment, and the prices today are virtually guaranteed not to make a positive RoI in comparision to buying and holding BTC. I'd suggest you buy BTC for now and watch the mining equipment manufacturers for the next 4-6 months and see which ones excel and which ones fall to the wayside. Buying equipment at this moment in time means you are gambling that you can get it fast enough to benefit you. The downside to this is all of the other people who have invested as much or more than you that have been happily mining away from the last several weeks to several months or will soon be happily mining away on their delivered pre-orders.
Some of the 'potential' miners that may or may not become available in the future are down under $10/GH. In 6 months time, when this insane growth has tapered off and only something like quantum computing could cause a repeat, would be the time to evaluate what is available and whether the cost vs return is more worthwhile than holding the BTC you invested in. The current trending indicates you may need $1-3/GH(or less) to be profitable.
Do not buy now is the best advice to follow.
Hi,
Maybe your type on investment are in more conservatives type! If for myself with 40k available to invest and I can take the risk, why don't I invest in multiple ways instead of only a way to success! What you suggest is buy now and wait for another 4-6 months only making decision to jump in mining or not? So after 4-6 months, will all the manufacturer stop saturated with pre order machine? So if it is the result going on same, so there is no point to jump in anymore by that time because you have late for another 4-6 months!
Another point, we can't envy someone to start earlier mining, we can only blame ourself why we are so late to know the market of Bitcoin! So the earlier miner gets all mining gear earlier on pre order? They are still the same just keep upgrading the machinery instead of only waiting the pre order to arrive!
I only can says, if I gonna invest in this time, I will not only purchase in pre order and wait them to arrive, I will go 2 way by purchase pre order and current shipping machinery to start building a farm if I can see a good market future in Bitcoin!
Remember, TIME is the most important in the world that money can't buy and of course it won't wait you! Waiting is just let the chances slips away from you! When you only use basic calculation instead of taking some risk or gamble, you are not the only 1 in the world who can use basic calculation for ROI! If there is a risk, there are hidden opportunities!
No offense, just my silly point of view!
Cheers!