Quote from: krampus on January 23, 2014, 05:03:47 PM

Quote from: cz_miner on January 23, 2014, 09:53:41 AM

This question is being raised every once in a while.

More like all day, every day. Wink

Quote from: cz_miner on January 23, 2014, 09:53:41 AM

I invested coins into asics thou. First asics came in August, calculations show me that i will not brake even. Ever. Then November came and price went to $1200, which made me a very good profits.
We don't know how the price will be going within 2014, but i have hopes that Bitcoin will be highly adopted worldwide and price will go higher and higher.

This doesn't quite ring true. If you invested coins into ASICS, and the calculations showed you that weren't going to break even, then the eventual price of Bitcoin does not matter. It absolutely, positively DOES NOT enter the equation. If you paid (I'm making this up) 10BTC for your ASICS and you get back 5BTC, then the price of BTC (in USD, EUR, CNY, GBP, Whatever) is completely irrelevant. You would have been better off holding the 10BTC.

If you got back more BTC than the number of BTC you put into the ASICs, then you made a legitimate profit. If you paid fiat and got back more in BTC at the eventual exchange rate, you made a legitimate profit. But your story doesn't read that way -- in fact, your story sounds downright dishonest.

Which, of course, is what I've come to expect from the bulk of the people in this forum. Dishonesty and outright lies seem to be the norm.

So the price of Bitcoin does not matter. I have seen this statement here so many times so I have to ask, do you all pay electricity with a fixed bitcoin price?
Since the margins over electricity get slimmer and slimmer at least for me it matter alot. Am I missing something?

andjo327

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