This is an update to the bitcoin mining blog that I posted a few days ago.
First, since I posted the info, they increased the price from $150 to $220/TH (terrahash). TOLD YOU guys that if you snooze, you lose. Of course it's still profitable, but a bit less than before. And the Chinese MANUFACTURER of mining bitcoin rigs ALSO increased prices by about 100%. So now 14TH contract will cost you $3020 so instead of having your investment returned in 2 months, it'll take a bit over three months, after which your risk is eliminated and it's all profit from then on. But you don't have to buy 14TH, you can get just a 1TH contract for $220.