Quote from: markm on September 19, 2013, 09:04:23 PM

Hopefully the mining-ASIC manufacturers will eventually realise that mining is a sucker's game, that their huge farms are obsolete, and realsie how much money they missed out on by not pouring out ASICs to suckers in vast, vast quantities much much faster, driving all the conflict-of-interest manufacturers who wasted time and money setting up mining farms of their own into obsolescence...

TL;DR there is reason to sell the damn things quick instead of mining with them, because if someone does mining with them is going to be a white elephant...

(Whereas for mine-at-home folks heating their bathroom floors and heating thei houses in the winter and not needing employees and not having to rent datacentre space and so on and so on, all the overheads of a commercial mining operation, mining might still actually make sense.)

Basically the normal return on investments is only maybe 5%, 10% if you are really lucky, so if you can sell the darn things at 10% profit and buy more wafers you could make 10% over and over again adding up to much more than 10% per year by the time you've churned out product for a year...

-MarkM-

While i was complaining the bitcoin mining wastes too much energy, it is true that a miner is also a heater. I guess a heater with mining capability will be welcomed in northern Europe, or people can replace heaters with mining machines...