Do me a favor guys and just ask questions, you're all stumbling around in the dark and I'm not sure where to begin... or whether I should laugh or cry.
I was shocked when these numbers came up which makes me think that I am missing a piece of information because if Rushy seems to know his bitcoins. Maybe he can weigh in about this miner?
The KnC Neptune isn't due to arrive until June or later. I can't tell you how many bitcoins it can mine, because predicting what the difficulty in June will be would be pure voodoo.
In this case, a bitcoin would cost $0.47 to produce, plus whatever the cost of this Neptune thing is over its useful life, which if Moore's Law is correct should be about 2 years. The only thing I saw was that these things cost $10,000, so $420/mo, which would put the cost of production at $1.25/bitcoin. In which case, why would anyone pay the $800/bitcoin it costs now, when you can produce your own for $1.25. We now have a lower limit of cost at $1.25 per coin, which means that the difference between the cost to produce, and the cost to buy is a 640 times difference. Nobody in their right mind would pay that kind of markup, and if you're spending $3,200 to produce a bitcoin, as Rushy would have us believe, while someone else is spending $1.25 to produce the same product, you'd be better off putting your resources to something else.
You seem to be doing a great job of confusing yourself, so I'm going to make this simple.
1. ASIC miners make a shitload of money. They are literally money printers and people are paying through the nose to grab one.
2. The company doesn't mine with their own miners because that is called "selfish mining" and it theoretically causes you to lose more money than you make because you damage the Bitcoin network. Butterfly Labs tried doing that and most of the community ignores them now. Unfortunately they continue to catch newbs in their marketing trap.
3. "as Rushy would have us believe" is the dumbest thing I've ever heard. You're making shit up and putting words in my mouth. I'm starting to think you don't even read my posts.
That sounds like virtually every aspect of Bitcoin.
Well if you want to be vague, all of life that has ever existed is a money grab.