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re: Here's why Bitcoin is the future of money
Posted on 5/2/13 at 12:27 pm to Oizers
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.
2
Posted on 5/2/13 at 12:42 pm to WikiTiger
How can you state that he will at the very least break even without even determining the number of Bitcoins required to break even? Suppose Butterfly Labs ships 100,000 units of ASIC miners with equal or greater computational power, then what are his chances of mining any Bitcoins? Your answer completely ignores any economic considerations. That is the ticket to success in any business venture.
Posted on 5/2/13 at 12:44 pm to WikiTiger
quote:
you will at the very least break even,
Wow. Just.....wow!
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