Post
Topic
Board Securities
Re: ASICMINER Speculation Thread
by
shawshankinmate37927
on 22/09/2013, 05:16:39 UTC
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.

I'm assuming that those who have overpaid for gen1 or seen others overpay for gen1 are going to be less willing to do so again.  However, like PT Barnum once said.... http://en.wikipedia.org/wiki/There's_a_sucker_born_every_minute

I just think more folks that are seeking long-term income will conclude it's a better idea to buy a percentage of the profits generated by AM's hash rate than to buy a piece of AM hardware with a fixed hash rate.