Re: Antminer S3 - Profit is Impossible

What if the coin goes DOWN?

Can you profit buying the coin (shorting BTC is very difficult from what I understand) if the exchange rate drops? A miner can.

Purchase miner for 0.75BTC. Mine 0.375BTC. BTC goes down to say $100. You have 0.375BTC worth $37.50.
Don't purchase miner, keep the .75BTC. BTC goes down to say $100. You have 0.75BTC worth $75.00.

No matter what happens with the exchange rate of BTC or whether it goes up or down, 0.75BTC is always more than 0.375.
At this point I simply refuse to believe that anyone can be this obtuse or ignorant. You must be trolling.

I thin it's YOU who is trolling...

BTC @ $600(USD) I Buy 1 coin
BTC @ $600(USD) I buy mining equipment for 1 coin

BTC @ $550(USD) My one coin is worth $550
BTC @ $550(USD) My mined amount can go OVER $550 because I can mine 1+BTC with it.

Are you so obtuse or ignorant that you cannot understand something this simple?

So you're finding the magical miner that makes more BTC than it's initial outlay. Not one BFL device did that. Not one Cointerra. Not one Hashfast. Not one Black Arrow. None of the Avalon B3s.

THe first 2 Avalons, the first KNC Jups, and the first S1s did this.

Dragon, Rockminer, SP30s won't.

Good luck.

This thread is not about any of those devices and what you can/cannot do with them. It is about the S3. If you would like I can run the math with the specific cost of an S3 and show the same result, which will reach the same conclusion. Profit with an S3 is NOT impossible. That is what the OP stated as if it were fact, that is what is wrong, that is what the focus should be on.