Post
Topic
Board Mining (Altcoins)
Re: Swedish ASIC miner company kncminer.com
by
Bargraphics
on 05/11/2013, 20:35:00 UTC
Today marks the beginning of my positive ROI after I sold the proceed of 29 days of mining (59 BTC with 2 Jup). My wife cannot complain anymore about that investment she does not really trust or understand.

You might have broken even in $ terms, but that misses the point of the machines, and is the fallacy that keeps people buying all these ASIC machines (and stops wives complaining Tongue )

You paid around 120BTC until it gives you that many back it's not a good investement

If you insist on thinking in $, if you hadn't bought the machines you'd now have $14,000.




There is no fallacy,

If you made a profit you made a profit. There might have been better ways of doing it but you are also missing the point.

If you sell too early then you minimized your profit, you are assuming everyone would hold until this exact date. Many would have sold before.

Also there were definitely better opportunities all over the world making more profit than buying and holding BTC but you don't mention those.

At the end of the day, Getting more than you put in is a success and congrats to everyone that has so far.