Quote from: Duetschpire on October 11, 2013, 10:13:18 PM

Quote from: bigbeninlondon on October 11, 2013, 08:18:17 PM

Quote from: User705 on October 11, 2013, 08:13:56 PM

"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??

Well you had me at .01BTC/day - but that's where your wrong.
per - https://docs.google.com/spreadsheet/ccc?key=0Ah7ZJVoobFY7dDRGQk1kdmJmaUJwZENKZUdNejJlWEE&usp=sharing#gid=0
(the red section below the green) clearly shows that if you have miners by next difficulty you will be @ .0096 per day.
How fast until say .005? well this sheet, which has so far under predicted difficulty (eg real difficulty is worse than sheet originally predicted), shows that should happen in ~5 difficulty jumps (~55days) so like December some time. Also the sheet shows a running total at the bottom of the red section - you would be hard pressed to ever get 1BTC out of one rig before end of life.

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