Quote from: user27 on July 02, 2014, 11:01:02 AM

Quote from: HardwareReviewer on July 02, 2014, 09:31:38 AM

Quote from: The Avenger on July 02, 2014, 09:21:45 AM

Quote from: HardwareReviewer on July 02, 2014, 08:51:05 AM

Actually it currently takes 10 days with 3.3 TH/s to mine a bitcoin.

Damn that's bad.

Looks like Neptombers, all costs considered, paid about $2000 per bitcoin.

Yeah, maybe the japper crapper deal was the better one after all...

Yep, Neptune is worth about £4000 when/if it arrives; which is approx. half what it cost. The second one will likely be worth no more than £2000 leaving total of 25% loss for every Neptune customer compared to buying BTC.

Sad

yep I have an SP30 6.5Th coming in Sept (and Titan in Aug...don't laugh I know) supposedly...and even in my situation as a legal miner in USA (bank issues was caught so to speak you can pm me for details anyway)....I can also get at least in real $$ applied over a few years of 25% applied toward taxes (not gross depreciation this is actual $$$ applied I would have paid the tax man)....so that 25% is real dollars after equip depreciation is taken into account..but again run ...just wait till they get the tax situation fixed in 2015 don't be me!

even with my unique situation and a good price on the SP30 it is gonna be a squeaker to make ROI even with the above after elec cooling etc...with the massive
dump of asic stuff on the market and I guess the scrypt asic miners the common thing is to multipool and convert direct to btc anyway so it likely will even be worse
for those like me who thought they could hedge (I've nothing to fear right ...Titan has been called KNC's last consumer product ..they will treat me right? (I"m so screwed
will likely get a box of parts)

so far have paid minimal taxes 2013 to show I'm in a 'profit' IRS and likely will not pay much this year either (knock wood) but a lot of work to just get to the same boat
in a few years of not paying taxes the same as the guys that buy coins...so unless you are in my boat (bank screwed up pulled me along thus IRS legal I is) ..just have a leisurely
time with www.coinbase.com ...I don't see equip looking rosy till prob 2016 if ever....just buy coin looks like the new consumer way to go.it is gonna be ugly ugly ugly from
now till jan 1st equip wise imho ...bloodbath time for BTC miners imho

Searing