Quote from: shawshankinmate37927 on September 22, 2013, 02:41:20 AM

Quote from: BitAddict on September 22, 2013, 01:43:34 AM

Quote from: pankkake on September 21, 2013, 11:07:51 PM

People seem to be missing hardware sales. It looks like AsicMiner chose to sell instead of mine for pretty much everything they are producing. Given the prices, it looks like the most profitable thing to do. (Already mentioned a few pages before.)

I still think financials aren't hard, like once a month. Total mined, total sold, what is kept for reinvestment.

I totally agree with that. At this point is better to sell all hardware. Take all the money now and start reinvesting in gen2, also they will probably get more profit than just mining.

The question is how fast are they going to start selling/mining with gen2, because the first takes all the market.

I also agree that it's better to sell gen1 hardware. I'm amazed that there are suckers out there that are still willing to buy gen1 hardware. In the near future, ASIC gen1 mining is going to be as fruitless as CPU or GPU mining is now. Especially if some of the BTC price action predictions become reality. (https://bitcointalk.org/index.php?topic=285252.msg3051951#msg3051951)

Am I the only one that thinks AM should consider abandoning hardware sales altogether once they have gen2 mining hardware in hand and stick to self mining and franchising/leasing? The idea being that AM set up multiple mining farms in bitcoin friendly jurisdictions around the world (hopefully with cheap electricity). Those that want mining income can then buy shares instead of hardware. That way your investment buys a fixed percentage of AM's profits rather than a fixed hash rate offered by a piece of equipment.

I don't think your post makes much sense.

Theme of first part: It is amazing that people will pay so much for ASIC miners.
Idea in second part: Next generation we should not sell ASIC miners.

I understand that you think that gen 2 will initially more profitable than currently mining with gen 1. But if people are willing to overpay now for ASIC hardware, it is also likely that they will overpay for gen 2.