Re: Looks like the US will be very competitive in the ASIC miner market. from David I. Lehn on 2013-09-13 (public-webpayments@w3.org from September 2013)

From: David I. Lehn <dil@lehn.org>
Date: Fri, 13 Sep 2013 12:30:53 -0400
To: eanders@pobox.com
Cc: Web Payments <public-webpayments@w3.org>
Message-ID: <CADcbRRNJLFu3jBQ48n0UJesm0TnaMEFuHcnrgkb=BWYk+0t_nw@mail.gmail.com>

On Thu, Sep 12, 2013 at 7:53 PM,  <eanders@pobox.com> wrote:
> $6,000 2T miners
> http://www.marketwatch.com/story/cointerra-introduces-two-low-cost-bitcoin-asic-mining-solutions-2013-09-12
>

$3500 for a "low-cost" "entry-level" model?  And using some fuzzy
estimates, barely worth the risk and trouble at only a cumulative
profit over a year of ~50% the cost of the hardware itself.  Then the
hardware loses money to operate.  This is a strange game.

http://mining.thegenesisblock.com/

-dave

Received on Friday, 13 September 2013 16:31:24 UTC