Bitcoin Forum

These are in route to me now!

Order #1776 https://bitcointalk.org/index.php?topic=89685.0

Purchased RJK's order back in July 2012;  https://bitcointalk.org/index.php?topic=91743.msg1019338#msg1019338

Will auction as individual or as a pair.
Buyer pays S&H @ 0.1BTC for single or 0.145 for both. Overnight shipping is an additional 0.2 per unit.


Starting bid

One = 24.5BTC  Increments of 0.5 or greater

Two = 46.5BTC  Increments of 0.5 or greater

No reserve set and will determine winning bid(s) by 5/23/2013 @8PM EST  Or sooner if they are in hand earlier than that time. Not sure what shipping method BFL actually used yet.

Too expensive

you do realize you're selling this for the equivalent of an eruptor which is already released for 50 btc... maybe a slight change in price would be fair?

I might could come down a bit.

Though, to be fair an eruptor does 10GH and costs 50BTC.  Both of these do 10GH and costs 46.5BTC.

And, these are shipping ASAP from US. Blades are 4-5 days to Euro, 8+ for US.??  Anyone know for sure>?


I am willing to listen to any reasonable offers. Ideally nothing less than what the units will turn out in 90 days (Daily 0.224771  per unit), otherwise I'll just put them to work myself.



cheers

Current best offer in via PM is 22 BTC.

still not quite where I would be willing to part with these.

The price 5 times

But not freight.

but you buy 410 dollars.

Yep I paid about $410 for these 10 months ago. I believe it costs me ~137BTC at the time.

Now I intend to operate them and generally calculate my numbers using a 90-120 day scale.

If I cannot get 90 days earnings for these in cash (BTC preferably) then it is not worth selling.  This pricing formula is more than fair and is in-line and in many cases lower than buying any other mining gear right now.

Optionally, one could buy their own Jale now and maybe receive it in 10 months when they make 1/4 per day what they will for the next few months.

cheers,
 Panda

23 btc

I think people were able to get 12 gh/s off of them quite easily plus they've been released for some time compared to the pre order. You do make some sense though as its fair to want to get more than 90 day investment. Best of luck.

Each or on one, m8?


I am of course willing to use escrow for anyone that is wondering.

cheers

Aye, those blade units are very nice. Thanks for your input.

  Yea, from a sales perspective, the old thinking for earnings calculations was 9-10 months. In this fast paced, ASIC driven hashing environment it is prudent to bring those calculations down closer to the 90 day range. And following that, of course it makes sense to utilize hardware versus selling it if one cannot sell it for atleast 90 days of earnings. This time basis for cost averaging may even come down tighter as difficulty increases and I will continue to readjust with it as all interested parties in the mining sector should.

  I'm in no bind financially or outside of my desire to continue mining to want to let them go for too little. Though I am not at all close minded to the benefit of receiving the earnings up front in exchange for having the liquid assets to use in other ways now versus waiting for the earnings. I stay pretty busy when it comes to calculating and recalculating the best use of my time and assets.


HEHE, no pickle here, m8. =)  I did and maintain still today that it was better to hold bitcoins in pocket than it was to buy hardware (especially preorder hardware) with them. This was an opportunity that I grabbed because I could and had the spare coins laying about outside of other investments at the time. I stated that I used about 137BTC just for full disclosure of the circumstances at the time and to add to the convo, as it were. As such, I was not and am not under any false assumptions that this hardware would ever return xn BTC, due to the long lead times involved.

Yep, @ 24BTC per unit it would take ~106 days at current difficulty to pay off. No one with any sense is missing that ball, as I would like to think myself and anyone else who spends money on mining spends an equal amount of energy constantly recalculating costs/earnings/time.

That said, there are no losses to shorten and only opportunities to gain. Gain by mining and utilizing the earnings intelligently as they are made or gain by short selling and utilizing the earnings intelligently now.

Thanks for your inputs, friend.

Cheers,
 Panda

my bid was for one unit, also where are you located roughly?

one for 25btc

Gotcha
Bid Noted

Florida, US


Bid Noted

Given recent exponential rise in difficulty, I've personally experienced a 20% 10% reduction in returns every 2 weeks over the past 4-6 weeks at constant hashrate. Have others experienced a similar trend?

If this trend is valid and continues, then 5 GH/s would generate 0.22 btc/day now, 0.176 0.20 in 2 weeks, etc etc.

After 90 days (12 weeks), it would only generate 0.07 0.14 btc/day, and you would have earned only 11 14ish BTC.

You've personally experienced getting ripped off by your pool then.


This increase in difficulty has imho stabalized a bit for now as most current asic hardware is out in the wild now and BFL have a new delay on getting any more units than the first few days worth (and only Jalepenos at that) that very few people actually ordered in that time period. I was lucky enough to buy one of those first few orders on a hunch/whim.

Last increase was 10% and next is currently estimated at 7%, The few before that were even greater as referenced here;
https://spreadsheets.google.com/pub?hl=en&hl=en&key=0AmcTCtjBoRWUdHVRMHpqWUJValI1RlZiaEtCT1RrQmc

3/24/2013    38.13%
4/5/2013      14.59%
4/17/2013    16.96%
4/29/2013    12.28%
5/12/2013    11.03%
and
Next 237888 25/05/2013 21:17 11'969'606.20 x1.07   Thats ~7%  estimated of course. source;
http://dot-bit.org/tools/nextDifficulty.php

Not to mention the Price has GREATLY outweighed the difficulty increase.............

Not sure if you're trolling or just horrible at maths but thanks for your input, m8. ;p

Regards,
  Panda

Wow, that's rather aggressive to call me a troll or incompetent. Looking at the spreadsheet you linked, and the 4-6 week period I mentioned, my hashrate of 1800 MH/s:

DATE             DIFF   BTC/DAY   CHANGE
17-Apr   8974296   0.100            ---
29-Apr   10076293   0.090            -10.2%
12-May   11187257   0.081            -9.9%
26-May   12305983   0.074            -9.1%

So my guesstimate of -20%/2 weeks is more like -10%/2 weeks. At the end of 90 days @ 5 GH/s you would have gone from earning 0.22 BTC/d to 0.13 BTC/d, and would have earned a total of 14.4 BTC.


Again, using the numbers about from the spreadsheet you linked, the next projected difficulty increase is (12305983 - 11187257)/11187257 = 10%, not 7%. Oh, and the BTC/USD in that spreadsheet you linked? On 17-Apr it was $139. At the time of this writing? It is $124. sad panda indeed! Please feel free to check my math, as I may be incompetent.

Either way, your 20% was 10%

And the upcoming is now 6%.

I linked a different source for the upcoming change for a reason. It is in real time. The google doc chart is updated manually so is not accurate for next diff change.
http://dot-bit.org/tools/nextDifficulty.php

I'm not going to waste any more time debating the usefulness of the periods of time you picked for the price as they are only relevant for those periods of time and do not at all show a complete picture whne dealing with investment periods of 90-100 days.

I take back the troll/horrible maths (you are the only one who said incompotent btw) and leave you with 'Exaggerator,' who is posting in a sales thread. With you having no interest in it because?

If you want to make a bid, feel free. I can play nice. Otherwise, please save the other discussions for the appropriate threads.

Regards,
 Panda

Truce, then. Good luck with your sale! Caveat emptor.

Did I win?

Yes you did, m8.  I will follow up in PM with you to get the paper work finalized. =)




Also to everyone else, the second unit is going to go to Photon939. Assuming he wants it and no one wants to make the min bid in the next few minutes since I set no reserve.

Thanks all who showed interest here and in PMs

Regards,
 Panda

Sounds good, let me know when the Jally shows up and I'll get your payment set up.

$3000 for a Jalipino that does 5GHs!

You do realize you could have spent that same money on 7970's, and still have to wait 1 year before you earn your money back.

5GHs, now, will earn you about $600 a month, if NO MORE jalipinos, or other devices get added to the network, other than yours. That is 5 months there. Now, when the rest come in a month, two months, three months... That 5GHs toy will only be 50% of what it is now, in hashing power of the network. Thus, it will only earn you $300 a month, then $150 a month, then $75 a month... That is if the price REMAINS at $120 per BTC. Thus, it will take a year, at that price.

There is always alt-coins! Just not Scrypt alt-coins for your jalipino... but if you had 5GHs in a video-card rig... You would only suffer a slight loss of $20 a month, which will be nullified by the majority of card-miners switching to the alt-coins and raising the value of them, since they/we are the ones with the "value", and bulk of the BTC. You really think we are going to PAY cash for BTC in the future? Better hope BFL is going to buy your BTC... No wait, they already have your money, and now they also want your BTC. lol. It's a loose-loose situation.

Enjoy your purchase. :) (I am just butt-hurt cause I didn't get to bid before they were won. lol.)

Cheers, ISAWHIM (who u see? Slenderman?)

I'm butthurt that I waited 10+ months for these and will be shipping them out instead of hiding them in the closet and letting them mine away for a while. :/

With the price of BTC in USD at the time of preorder the payoff time at that moment with BTC at ~$4 and diff at what it was the payoff time was friggin 10 months+.  Now it is down to ~110-120 days at my sales price. That is even considering the next few diff increases.

What really changes things is the increase in BTC price. For every 1$ BTC increases in value it shortens the payoff time by a day.


The last time I had 8GH in vid card rig going it was costing me $500 per month in electricity. ouchhhhhhh  We wont know for sure until we plug these in but according to BFL they should run in the 12-18W range per 5GH. That's a huge change from vid carding.


I miss mining as well and will continue to hunt for something to mine with.

Cheers to all who saw this thread and were itching to hit the bid button. I know your pain. =)

In case anyone wants to see pics of these. Here you go.  Also, did anyone else notice Luke-jr was mining on one of these at almost 5.5GHs using BFGminer?

http://i1194.photobucket.com/albums/aa367/titusvilletech/Jalepenos/000_0011.jpg (http://s1194.photobucket.com/user/titusvilletech/media/Jalepenos/000_0011.jpg.html)

http://i1194.photobucket.com/albums/aa367/titusvilletech/Jalepenos/000_0010.jpg (http://s1194.photobucket.com/user/titusvilletech/media/Jalepenos/000_0010.jpg.html)

http://i1194.photobucket.com/albums/aa367/titusvilletech/Jalepenos/000_0009.jpg (http://s1194.photobucket.com/user/titusvilletech/media/Jalepenos/000_0009.jpg.html)

so did u alred sold this?

Yes, I did m8. And both winning bidders have honored their bids.

Going to change title now. Sorry if that wasted anyones time reading here.

cheers,
 Panda