Assuming a fairly low difficulty increase of 80%/month a block eruptor would make like $17 if it started mining today. Best prices on ebay are around $50. Well, assuming BTC hits like 3.5k it will break even. In which case it would have been better just buying bitcoins ...
You could have bulk purchased a while ago for less than that. Also if you use that logic (which is beyond any common sense), buying bitcoin is always better than buying mining equipment. Obviously almost in all cases it's better to buy bitcoins directly than mining equipment. People buy miners because they can't do basic maths. Are you among them?
With bitcoins, I agree with you. However, if Alt coin prices stays high, there's a good chance you can make an ROI or break even and then mine speculatively from there. With the jump in alt coin pricing over the last 30 days, I think we're in a different environment than before and the rules have changed.
I'll bump this thread up in 30 days and let you guys know how my investment did.
