Quote from: DPoS on January 11, 2014, 04:16:47 PM

Quote from: The Avenger on January 11, 2014, 04:02:20 PM

If people calculate ROI as it should be -

that logic is as dead as GPU mining btc

you know all the tricky accounting shady money fueling this miner surge not some dude wondering to spend his 30 btc and get 31btc back

All I can say is when I bought, I worked out how much BTC I could have bought at the same time. And my marker of success would be to mine back the same amount of BTC.

Conversion to dollar equivalent was never part of my equation, because that fluctuates wildly. If I got back 80BTC, even if BTC was only worth $10, I would consider that a success because I believe in BTC long-term.

If you count in the dollar equivalent, one week you made roi and the week after you haven 't made roi! That makes no sense for a piece of hardware that's usefulness depreciates exponentially. There has got to be a point where you say "Yes, I made back what I paid" and that only happens if you think in terms of mined BTC (not dollar equivalent).

The logic of that thinking is not dead. It's just the cost of hardware and the rush of new entrants who have no idea what they are doing make it impossible to get back what you paid. Plenty guys on here wouldn't touch a neptune with someone else #@$% because they know it's a bad investment. But so many people have been deluded or simply can't do the maths who stump up 13K and keep the hardware prices higher than they should be, way above what an informed market would pay.

It's people making videos for engadget and saying that people who spent 7K made 70K that are a major part of fueling this goldrush and deluding noobs. I hate that shit and it makes me angry.

Quote from: r1senfa17h on January 11, 2014, 04:15:15 PM

I received my Jupiter on Oct 7th and also bought 2 upgrade modules when they went on sale. My total cost was ~66 BTC. I've mined ~59 BTC to date with 99.9% uptime and overclocking. I agree that many will not see ROI in btc. I expect to mine another 15-20 btc with my rig (currently running at 1TH/s) before the electricity becomes too expensive, which will mean I will ROI - eventually.

Thanks for the figures. I had no idea people who took delivery as early as Oct 7th still hadn't made 70BTC yet.

Which makes me wonder exactly how many people ACTUALLY made 70BTC (i.e. 70K), as our engadget interviewee above claims?

As knc said on the 11th October that they had only produced 700 units (https://www.kncminer.com/news/news-49), so that means the amount who mined 70BTC (70K) must be only a few hundred at most. Out of 7000-9000 October units shipped, that's not too impressive.