Quote:
Originally Posted by Choopa Phil
So this colo is $79/Mo plus a $560 setup fee...will take 3+ months to break even. By that time the difficulty to mine will increase further and this miner will be worthless. Am I right?
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90% right, but you have to add in that you'll also lose your investment in the monthly costs and setup fee. And, if Bitcoin goes down, ouch.
Mining coins that are ASIC-broken is brutal.
You'd be better off buying Bitcoin directly if you're banking on it going up as part of your strategy.