Quote from: dandirk on March 03, 2014, 05:08:14 PM

Quote from: wavez on March 03, 2014, 01:58:10 PM

While your equipment sits there you have others who are in the same boat looking to get into the BTC world of mining, You also have the 1s already hooked, both buying equipment, meaning your shares will get less and less, the ROI gets further away. 3 months goes to 6 months, 6 to 12..... Your now in the 2nd category and look to either reinvest the BTC you have made or spend more money to keep up.
The BTC circle of life begins!

Such is the life of a miner it seems...

Heck looks like you pretty much are screwed unless you get in on first month or 2 when a device is available... which then can lead to having to "pre-order" and hope for a timely hardware release.

Hey live and learn.

Problem is, when you get in on the first month or 2 they have a much higher price. Most seem to leverage the price just to keep you on the verge of thinking you'll make more than your investment back. The only value I can see with buying early is the resale value of your miner can still fetch you a decent return because people are still buying them. The price of Bitcoin factors in a great deal as well. But then, it might be just cheaper to buy coin than to mine it.

The pre-orders scare the crap out of me. I hate paying for something with no guarantee that it will be sent, and there are soooo many scams out there.