Quote from: murt9000 on March 15, 2014, 12:07:51 PM

It doesn't matter if mining is a speculative endeavor for you, not based on todays Bitcoin price but on the future price. The speculation would be more profitable if you got your original funding back in Bitcoin, or as close as possible to it.

Murt,

You may be missing my entire point. I am not a speculator. My goal is not to have some coins sitting in my wallet. My goal is to participate in the bitcoin network, and have a powerful miner working on my behalf, 24/7 for a long time. If all I wanted was some coin to hold, I would never have bought into an ASIC group buy at all.

Please don't speculate with my coin. And that's what you (you all asking to bail out of these miners) are doing. Had the BTC price risen, this thread would not even exist. So, the only reason you want this is because of price speculation. "Let's buy some coin now, with a refund, and hope the price goes back up."

And when you say "absolutely no chance of ROI," let's talk about that. Are you familiar with the BFL Singles? Do you think there is any ROI on those now?

In fact, I have one (technically, two Little Singles) sitting here right now, mining away (and I was a late purchaser). They netted me over $150 in the last 30 days. You know what it costs me to run them? A few bucks in electricity. They will give me "ROI" for quite a long time to come.

I understand the speculator mindset. You put X number of coins into the group buy, and now that the USD/BTC price has fallen, you might get back almost that many coins immediately. But you would then be out of the bitcoin mining industry altogether. You'd have some coins in your wallet, but no way to get any more, except through an outlay of fiat.

I don't want to be out of the bitcoin mining industry. Frankly, I don't believe the whole "no chance of ROI," unless Waldo decides to shut the miners off long before the electricity costs more than the coin.

P.S.
Would you do me, and those of us who want to stay, a favor? Please encourage Waldo to let those who want to stay, stay. I, and others, have asked if he would refund some of the machines, and let the rest go into production. But he won't even answer that request. This is so stressful for me, because people I don't know, and with whom I politely disagree, are trying to make an adverse decision that doesn't even need to affect me. I want you to get what you want; but I don't want to get f****d out of my participation in the network by the speculators.

Please help Waldo do the right thing for all of his shareholders, not just those who want out.

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