Also, Antminers are not currently for sale from stock. And wasn't the 2.65BTC price just an introductory offer from the new BitMain website and limited to only the first 30 units sold?
No, first 30 units were priced at 2.40.
At current price and BTC/USD ratio, a full rig will not break-even.spiccioli
Why do people always insist on offering that same piece of "advice" over and over again?
If I had heeded that advice I wouldn't currently have 2THs of mining gear with another 4THs+ preordered mining gear. All of this has been paid for (with the exception of the first 200GHs or so) from the BTC I mined. And I still have approximately $20,000 worth of BTC left in my wallet.
And no, I wouldn't have even more if I had bought and held BTC instead. I tried doing that and I failed miserably. Like most people, I panicked at the first dip and lost a good chunk of my modest investment, lol. "Buy and hold" isn't in my nature. I'm a miner and proud!
Give this man a cigar! Plus many.
I'm a miner by nature. In the 80's it was real gold. Made a bit of money at it, had a blast. Probably spent more on gas, explosives, and equipment than the gold justified. Wouldn't change it for the world, unless that change was hitting the mother lode.
Digital mining? Same deal. It's what I enjoy. My monetary profit is secondary to the emotional profit. It's worth it. I AM making money. Not a great deal at the moment, but enough to justify it from an accountant's perspective. I'm not an accountant and don't give a tinker's damn about their bean counting perspective. Prudent men do nothing, ever. It's another word for "coward".