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Old 11-29-2016, 08:37 PM  
xxweekxx
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Join Date: Oct 2002
Posts: 6,780
Quote:
Originally Posted by rowan View Post
Another thing to consider is that the value of BTC is high at the moment, but historically it hasn't stayed high for long, so in the long term your revenue could be even lower. On paper it's going to take you 2 to 3 years to break even just on the cost of the miners, but over that time a newer generation of faster and more efficient miners will have been released. You will not have the same competitive power at 12 or 24 months as you did in the first month, and since you haven't yet broken even, buying newer miners to keep up would result in a net loss.

Sounds like a big headache and a waste of money to me...
i agree with you on this.. this is my fear..

the more powerful units that come out, the less BTC my machine will mine..

Im worried that in 6 months i'll be making barely $1 a day. LOL

yeah sounds like a headache.. would have been worth it if i got in years ago!

Also good point, what if it drops to like $400-500 then im fucked..
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