Post
Topic
Board Mining speculation
Re: Now that Bitcoin prices just plummeted,what will happen to difficulty adjustment
by
colinistheman
on 18/12/2013, 17:21:20 UTC
it could affect the pre-orders, now that bitcoin price is plummeting. I think many people pre-order at exorbitant cost new miners thinking btc price will contiinue skyrocketing. Now that the rocket has fallen, those who can cancel will do so.

Yep , I just ordered 1 day before it plummeted , and now I will not be sending my payment . I think its better to use the cash to buy coins . I had already looked at ROI and the amount of coin the miner could produce before it became unprofitable , and at the current rate , I could just buy the coins right now , and not have to worry about mining .
My conclusion after putting nearly $10k into miners is to never do it again. It is always better to buy btc itself, especially with the huge lag times of payment to shipping time.