Post
Topic
Board Mining (Altcoins)
Re: Swedish ASIC miner company kncminer.com
by
vesperwillow
on 13/12/2013, 21:47:45 UTC
Ok.. so then what are you clarifying? They want $10,000 for it. That might be, say, 10 bitcoins. They're getting $10,000. For me, it's only $1,000.

It DOES matter what the price of bitcoin is because I said I wish I had owned bitcoin @ $100, because it would make a Neptune $1,000 for me. for me.

No, because an alternative would be to sell those Bitcoins for $10000, so the Neptune is still costing you $10000.
It doesn't matter at all what price they were when you bought them, it matters what they are worth now.

That's one side of the coin, the other side is you are still only $1,000 fiat into the hole. Whether you cash it out or buy $10,000 worth of equipment, you're still only initially out $1,000.