Bitcoin Forum

Very early order.  Offers?  Escrow recommend.  I can send proof of pre order purchase to serious bidders.

EDIT:

Current best offer is 35 BTC.  I am still looking for offers.  But this price is close.

Im looking for offers.

Buy it now for 79 BTC.

Yes

It was intentionally high.

I am looking for offers.

79 BTC is over $8,000.

Can you give me any economic reason for want to buy it for that price? Did you make a calculation how long it will take until the new owner generates that much money using the miner baring in mind the current prices/difficulty?

Am I missing something?

I offer 0.75 BTC for the item.

Current best offer is 35 BTC.

This just boggles my mind.

Someone is willing to pay 35 BTC for a 5GH/s miner, effectively 7 BTC per GH/s, but no one is willing to buy my first-day preorder for an SC Single (60GH/s) for less than half that rate (200 BTC, effectively 3.33 BTC per GH/s).

I don't get it.

I think mine is technically before yours (converted order from 6/14).  ;)

To be fair we haven't actually seen anyone say 35BTC. And clearly if such a person exists, they are doing it quietly on purpose (silly price).

Very good point.  The OP could be just making up numbers to drive the price higher for all we know.

It is a legitimate offer.

5 Gh/s will mine ~8 BTC per month.

Even with some severe difficulty increases a ROI of 1 year seems like a good investment to me.

There is going to be a premium involved in buying your way to the front of a very long pre order line as well.

I paid 25 BTC for this pre order (Yes, you can point and laugh, but that was the price back then), if there are no better offers I will simply mine the coins myself as I originally intended.

It could be that Jales exist in the wild and singles dont.  Waiting for singles to be developed could take a while...

No pointing and laughing coming from me - I paid 450 BTC for two SC Singles.

Valid point as well.

If mining with it is such a good deal, then why do you not keep itself to yourself?

Your calculations seem to be completely missing the (what appears now as) exponentially increasing difficulty.

My offer of 0.75 BTC stands. It is a good offer. :-)

That's a terrible offer.

lets come back to reality ... i offer 5 BTC

I probably will end up keeping it and mining many more than 35 BTC in its lifetime.  But if I could get some BTC now I could invest them into other things.  Just trying to make my 25 BTC purchase sting a little less.

Thanks for your offer.  It is currently 34.25 BTC short of the best offer.

i really really doubt that someone is offering u 35 BTC for 5GH .. thats insane

ROI in a year is not insane.

Your calculation of ROI in a year assumes that the difficulty of bitcoin is not going to change. We all know that this assumption is simply wrong.

You are incorrect.  If difficulty didnt change 35 BTC would ROI in ~ 4 months.

Let's do some calculations. At current difficulty, 5 GH/s gives about 0.22 BTC/day, correct?

So, that is 6.6 BTC per month, and so ROI is about 5.45  months.

The question is what is the rate of decay of the rewards.

An even bigger question, which you have not explained yet, is why do you want to sell it if it is such a good deal?

It looks like you are trying to pass on a hot potato.

Let me be clear: we are not talking about an item that is in your possession, but rather an item that G-d knows when will be delivered.

http://www.alloscomp.com/bitcoin/calculator

I probably will end up keeping it and mining many more than 35 BTC in its lifetime.  But if I could get some BTC now I could invest them into other things.  Just trying to make my 25 BTC purchase sting a little less.

BTC will sit in escrow until the item is actually delivered.

No hot potato or scam here.

This calculator is overly optimistic, and it does not account for increasing difficulty.

If you spent 25 BTC on this, then hey, according to your calculations, you should get ROI within less than 3 months, right? So, can you not wait that much?

The calculator is 100% accurate.  You arent very smart.

The results are at odds with other calculators I found. However, this debate can easily be decided. Please show your calculation to everybody here. With the changing difficulty rate, it is likely a simple geometric sum.


I do not appreciate this ad hominem attack. Instead of attacking me or my intellectual abilities, I suggest that you attack my arguments, and provide here your full calculations. Or, just keep your Jalepeno.

People like you are the reason author moderated threads exist.  Lesson learned.

I don't have 200btc.   My options are limited by my skinny wallet.   ;)

It is really unfortunate that you have been so carried away by your emotions.

While you can suppress views contrary to yours for a short time by various methods, it is not the proper way of settling arguments, nor it is efficient.

Everything I have posted here is 100% factual.  No emotion involved.

Please stop filling my thread with your BS.

You are again being carried away, my friend. While, perhaps, in the legal profession hammering on the table works, fortunately in this community people believe only the facts. You have been called on your bluff, and so far, you have provided no calculation that anyone can verify.

What are you talking about?  I have only posted facts.  No speculation here.

You have posted what appears to be bloated estimates of the revenue from the item you are trying to sell, and thus an inflated ROI time. I call upon you once more to present your calculations to the community.

This calculator has been around a lot longer than you kid.

http://www.alloscomp.com/bitcoin/calculator.pys

yes but that calculator only calculates what you can make if all variables stay the same.  I believe your nemesis is stating that you need to account for an increase in difficulty and hashing power of network.  So a calculator like this is much more appropriate:  http://www.bitcoinx.com/profit/

Thank you for the voice of sanity.

Do you happen to know a good site that estimates the rate of raise of difficulty on a longer period?

There is no way to GUESS what the difficulty or price will be in the future.  What a futile exercise.

If this is what you have been on about this whole time you truly are thick.

You are yet again mistaken. One can look at the current trends, and approximate the rate of increase of the difficulty, either linearly, or polynomially, or exponentially (this one is likely the closest to the growth of the hashrate).

Certainly, the next difficulty is something that can be very well predicted based on the current hashrate, and findings of blocks, etc.

Go post in mining speculation. 

I am glad that you finally admit that your estimates for ROI are based on speculations.

I made no estimate.