[ExI] Bitcoins Again

Gordon gts_2000 at yahoo.com
Tue May 14 16:06:10 UTC 2013

Mirco Romanato <painlord2k at libero.it> wrote:

> Il 14/05/2013 15:39, Gordon ha scritto:

>> Here is a live stream of an inexpensive Butterfly ASIC in operation:
>> http://www.wired.com/wiredenterprise/2013/05/butterfly_live/
>> Pooled, it is mining about 2 BTC per 10 days. That is a fantastic ROI at
>> current prices, but I suspect you cannot buy one anytime soon at the
>> list price. As I understand it, it is backlogged into the thousands.
>> There is no telling what the economics will look like by the time your
>> order is filled, if it is ever filled.

>Currently the difficulty of mining went up five times from January.
>If it keep this, by the end of September it will be up other ten times
>from January. The raising appear to be linear, so it is proportional to
>the ASIC production (or it appear so to me).

Given the uncertainty about delivery dates on these Butterfly ASIC miners, my thought for the moment is that anyone fundamentally bullish on the outlook for BTC over the next year or so should invest in BTC rather than commit those same funds to a miner order. Would you agree, Mirco?

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