My big question would be: is KNC going to offer any kind of discounts for the late October delivery customers, the ones that suffered the big losses? I mean, I personally paid $131200 at current exchange rate for 1Th/s
Learn to hedge. That is an 'all-in' mentality that will always leave you chasing bets
Perhaps it would of been better to buy one Jupiter and keep the rest in BTC? But then you probably would of sold that BTC a couple months ago when it doubled and then said more coulda shouldas
I'll be as honest as possible with my reply: I bought my miners first of all hoping to get a profit in BTC (I was terribly wrong, helped a bit by KNC production delays that were affecting the late customers much harder than the ones at the beginning of the queue) and secondly for the thrill of mining
Kind of expensive caprice I'd say... I'm currently sitting on a nice amount of BTC that I started buying long ago, back when the exchange rate was abour $10/BTC. I still have NO intention to sell them as I strongly believe BTC is still going to get value.If there are miners out there willing to take losses in BTC for the sake of $ gains, my offer still stands: send me 100 BTC now and I promise I'll send you back 60 BTC once the value of BTC doubles. No hassle, no electricity cost, no hardware failures!
This is the elephant in the room for us October buyers, if you paid in BTC, you will never see that BTC back or make any amount of profit if your hardware got delivered past October 15th. In fact if you bought BTC with what you paid for your miner, you would be much better off, except everyone seems to ignore this.
I really like mining, but I admit it would have been better to hold or buy that BTC at this point.