Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]

http://www.extremetech.com/uncategorized/173772-bitcoin-asic-manufacturer-hashfast-facing-lawsuits-over-alleged-false-advertising-fluctuating-bitcoin-prices

Ouch. Good example of how not to release mining solutions..

Quote

For now, we recommend all users stay away from new ASIC projects promising enormous performance advantages with unknown ship dates. Any slippage will erode the value of the project enormously, while the deflation of the currency may make it impossible to ever earn ones money back compared to the value of those same BTC had they not been spent.

Sigh... let's hope for a good update, eh?

Yeah, I wasn't overly encouraged by that article at all, not that it was a new angle

The article is silly. It is confusing the current run-up in price due to adoption rates with the inherent deflationary characteristics of bitcoins. Don't use bitcoins to buy miners, if you are worried about the risk. I imagine sometime this year for the difficulty rise to tapper-off, the hashing efficiency can't continue to increase at the same rate.