Post
Topic
Board Mining (Altcoins)
Re: We lost our shirts buying from GAWminers while owner pays 1 million for url
by
foodstamps
on 10/08/2014, 20:21:20 UTC
The difference is you are selling people hardware knowing that the person buying it is going to lose money.
that's not actually true e.g.  how much do you pay for electricity?

what is your exit strategy when you buy hardware?

what is your investment strategy?

these factors all affect profitability as much or more than "what coin to mine".

you're assuming just becuase you can't turn a profit on asics, nobody can do it legitimately.  i'm saying you really need to do your homework, and anticipate, rather than react, to the market.  


that's not actually true e.g.  how much do you pay for electricity? $0.00/kw/h

what is your exit strategy when you buy hardware? Once it reaches EOL use it for a paperweight

what is your investment strategy? Buy hardware and mine with it.


Now please leave my thread, I understand that you think its okay to rip someone off. I don't, I believe in karma.