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re: Here's why Bitcoin is the future of money
Posted on 5/2/13 at 11:54 am to WikiTiger
Posted on 5/2/13 at 11:54 am to WikiTiger
I have an order of two ASIC miners from Butterfly Labs. They have started shipping and I need to confirm my order before they ship mine. Do you think I should keep the order or cancel it?
4
Posted on 5/2/13 at 12:20 pm to Oizers
quote:
I have an order of two ASIC miners from Butterfly Labs.
prayers sent
Posted on 5/2/13 at 12:27 pm to Oizers
quote:
I have an order of two ASIC miners from Butterfly Labs. They have started shipping and I need to confirm my order before they ship mine. Do you think I should keep the order or cancel it?
Depends on your own attitude towards risk. I never trusted Butterfly Labs enough to order anything from them.
What is your expected ship date? I mean, if you do eventually get your miners within the next 6 months, you will at the very least break even, and most likely will make money with them in the long run, however it ain't like you're going to be living high on the hog either.
Posted on 5/2/13 at 12:29 pm to Oizers
What is the breakeven point for your investment? Your costs are the cost of hte ASIC miners plus the cost of operating your computer (mostly electricity and internet access). Compare your costs to the number of Bitcoins you would have to mine at various conversion prices. You will then be able to make a more informed determination if the expense and effort are worth the possible rewards.
My gut instinct says cancel the order.
My gut instinct says cancel the order.
Posted on 5/2/13 at 12:32 pm to Oizers
Dear God, really? Would you have any other use for those Miners? I suppose you could use them in the winter if your heater broke. I can think of a lot of other things that would be a better use of your money, like putting it in a bag and throwing it off the edge of a cliff, and that's just off the top of my head.
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