Quote from: tomothy on March 05, 2018, 05:13:12 PM

@Searing,

Honestly I'm in a similar situation as yourself. I need to re-invest in order to offset expected gains from mining from this year. Right now, prices for bitmain miners are nearly at fire sale discounts. The only difficulty is afaik, you can only apply one coupon per order or something, i.e., you can't buy 10 miners and apply 10 coupons to that order. You have to apply them each individually; i'm not sure what i will do about that. Regardless, S9's at $1900 and l3+s at $1400 aren't bad cost per miner. Ideally we will also see some miners start going out of business since they bought units at $2500 and have a much higher overhead, electricity cost, and are not prepared to withstand the bear mining season. This means maybe you could be picking up miners second hand from $800+. Regardless, paying full cost and shortly getting a USD return of $8/day right now in profits per miner for either an S9 or l3+ isn't awful. It's sure not great, but not awful. If you have to buy hardware, better to do it sooner rather than later and simply bite the bullet. The downside to any of this of course is if/when next gen machines launch and how long until they ship. I would assume whenever they are announced it will be a 3 month pre-order. I can't see next gen launching before May, June, or July. So I think if you buy now you will earn for 6 months and then things will get a bit tight. I'm a bit short on cash so I'm waiting in the wings but eyeing these discounted prices like a vulture. (The other issue of course is finding someplace to hold/host your machines, I'm seeing more and more local pushback to miners...)

yeah, why I"m sitting on my hands....for the most part...with all the equip dump..and the coupons (mostly) expire 6/1/18....damn hard not to just say 'screw this' and HODL coin...

myself at 50% to tax man...(more or less I paid 41% last for 2017 taxes including soc sec as a home business and the 10% state income tax...so more or less 50% is how I play it..

the extra 9% in cash ..I will apply in mass to next years health insurance plan (home biz) .so call that a wash...

so anyway I can apply the 50% that is gone to above anyway to equipment instead (same deal) and then also get 25% compressed equip deduction in 1 year towards taxes I know

I will owe anyway this year (real money) THUS my risk is only 25% of equipment cost.....and cover electric to run the beastie...

even at that, with the dump in march/april I sit on my hands...if EVERYONE grabbing bitmains stuff w/coupons (the only game in town) is counting on the BTC and correspondingly the

LTC price and other scrypt-pow coins to go up accordingly..I keep asking myself.....why buy equip? IF it is a price pump that is needed to bail out the march/april stuff hitting the world

of asics of many flavors (sha-256/blake2b/scrypt-pow) .....why not just HODL crypto with NO risk of dubious equipment....at this point in time anyway....

so I look at stuff and scratch my head a lot....at $200 buck LTC it is the worst of all possible scrypt-pow worlds....giant difficulty slam march/april...everyone mining like hell and a flat

price....we need IMHO $300 buck coin for my Bitmain stuff to last into fall and my knc titans to last maybe into summer....we need $400 LTC for the stuff from bitmain hitting march/april

to ROI IMH0 and my stuff putters ALL OF IT Bitmain units and knc titans into the fall......so,I sit on my hands...if price is the only thing that may save us now...why swap crypto for crypto

out on the miners at best (oranges for oranges)

so sit on hands, contemplating the dust bunnies on my keyboard in confusion...I will 'crack' probably, as I need equipment deduction...but WHEN is the question? (hell I should go back

to used stuff ..did that for 2 years)

befuddled yet

brad