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The key here is that he got in early and sold at a great time. Right now asic miners are not profitable unless the price of bitcoins goes up substantially (1.5-
by d4vlx 13y ago
The key here is that he got in early and sold at a great time. Right now asic miners are not profitable unless the price of bitcoins goes up substantially (1.5-2x). Then you have to factor in the fact the there are a lot of people out there willing to put down serious money on asics regardless of the current profitability. They have and will driven up the difficulty.
Buying ascis is very much a gamble at this point imo.
I made around 110 BTC mining primecoin, about 60 BTC of that is profit. I got in early and went hard. I consider the fact I did that well to be little more than luck.