Post
Topic
Board Mining
Re: Why 9-month payoffs are still foolish
by
CanaryInTheMine
on 03/09/2011, 07:26:35 UTC
Even if you're comparing your mining return to interest at a bank (which, admittedly, is quite low), it's still silly to buy cards that won't pay off for 9 or more months.

Besides the usual argument, "Bitcoin could be $3 in a few months!" which no one can really refute...

What if the 7000 series cards have a much better stream processor count?  Another thread mentioned them having *double* the stream processors. That's only a rumor, of course, but what if something like that happened? Does any of us know what the 7000 will bring? Isn't it prudent to wait until the details have been released, before sinking one's savings into 6990s?

Those who *didn't* buy cards with a long payout will be in a better position, because they can buy the 7000 series cards and keep up with the difficulty increases that will no doubt ensue.

Those already "invested" in $500 5970's and 6990s will have to watch their returns diminish, and won't have as much capital (or free slots) for 7000 series cards as everyone else.

So there are many things to consider when you go "all in" at this point.


When are you gonna stop discouraging people from mining and/or increasing theu hash rates by bringing online new cards?

Your posts are so predictable and very consistent! Smiley