Post
Topic
Board Mining (Altcoins)
Re: Swedish ASIC miner company kncminer.com
by
dropt
on 05/11/2013, 21:17:06 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.



I and many others didn't pay in BTC we paid in $ in which case its a moot point.

The price for the machines is in $ its always been in $ it doesn't matter what currency you convert to create your $ its still $ in the end.

The argument has, and always will be, that it was much smarter to have purchased coins with your $'s than purchasing a miner.  This is the point people are making in regards to making a return, it is also the point you're missing.  You can powder it with sugar and twist it to your liking if it makes you feel better, but the bottom line is what the bottom line is.