Hello guys,

I have been talking to many miners that started mining in the last 3 years, and it seems very few people through that period managed to get more bitcoins with the purchase of their ASIC. Yes, they did make more $$, just coz the BTC price went nuts last year. Anyone that bought S9's in the last 6-7 months is basically never going to see ROI unless BTC price jumps up. IF you bet on BTC price going up, 95% of the time it is better to buy BTC instead of ASIC's.

Also, all hardware for sale on the market at the moment would never ROI in terms of Bitcoin even with 0.03$ for electricity, unless the hashrate would stop increasing (please include shipping and custom clearing costs if someone is ready to prove otherwise).

So what the f%&k is happening and why people continue to invest in mining?
Has anyone been able to get more BTC with a purchase of ASIC's, and if so, can you please provide more details of your experience?

Cheers.