Post
Topic
Board Hardware
Re: Liquid Synergy Designs Inc. -ASIC mining hardware
by
Duetschpire
on 11/10/2013, 22:13:18 UTC
"Mine at a loss".  Now that's a winning business plan.

It's a "lose-less" business plan, as opposed to the "lose-more" business plan of just selling them.  This assumes of course you could offload these bad boys on the next spike of bitcoin interest.

True, If I'm to sell 5 miners now I'd be lucky to get 5 BTC for them. I wouldn't wanna pay more than 3 BTC for the lot if I was buying.

"Mining at a loss" doesn't mean you're running your rigs, using power and getting no returns. Even if so, and this is the worst case scenario.. a $1/day on electricity isn't gonna risk your ars going bankrupt. But if you lose $356/year, and still make yourself 0.01 BTC/day that's 3.56 BTC, which in a year (I Hope) would be worth $500... Better than selling them now for a total of $400 isn't it??