Quote from: nibbknot on June 21, 2014, 02:47:35 AM

Quote from: ckolivas on June 21, 2014, 02:40:42 AM

Thanks very much for your candour.

Quote from: nibbknot on June 21, 2014, 01:46:17 AM

At least when you do get them, you'll make your money back, even if it takes longer than you planned, if I understand correctly how the whole thing works.

This is wrong, no regular miner will make back what it cost them to buy these devices ever unless they proceed to sell them.

I'm confused. Sorry. If a person can't make their money back on them Monarch Miners, then why did people order them paying a few hundred dollars a piece for? I'm guessing they could be used for other things as well thus making them more valuable. Or, like you said, flip them for a profit. That makes sense, come to think of it.

That's because people who preorder things believe they might be one of the lucky ones should the hardware arrive quickly and they be the first to mine with them before the diff rises and make a killing. This happened precisely once in the history of ASIC hardware for bitcoin mining, while delays and guaranteed losses happened with virtually every other piece of hardware that has come out since. Some obviously worse than others. The other mistake is most new miners don't remotely understand how much bitcoin they really are going to make, nor do they understand the way diff rises, and always believe they're buying a money making machine.