Post
Topic
Board Mining (Altcoins)
Re: Swedish ASIC miner company kncminer.com
by
joeventura
on 26/11/2013, 06:22:38 UTC
None of that matters. You simply do the math for when your miners will stop being profitable (when you'd stop mining), and instead buy btc and hold until that time. You will always end up more profitable that way than if you buy hardware to mine.
I didn't do this the first time and instead bought miners from KnC. I will now be lucky if I make half as much btc as I could have if I just bought it at the time I placed my order. The only true winners in the mining game are those who make the miners. The rest are just chumps regardless of how you try and spin it.

Except that i can spend 4000$ (5 BTC) to buy a miner that nets 15+ BTC over a few months Smiley

Also a friendly reminder that selling BTC will get your ass raped by the IRS as it is an automatically reported transaction on several levels. 

Transactions under $10k here in the U.S. get reported to no one.
My coin seller does not have my SSN therefore there is no way the IRS has diddly so I will call your statement above (as it relates to me) crap.