Bitcoin Forum

I stand to lose NOTHING.... although there are users on this forum who stand to lose up to $130,000 currently.

This needs clarification IMMEDIATELY.

I've tried to follow your logic of how they are about to lose, but I have gotten lost every single time. Would you care to explain it without any logical fallacies this time?

HE WILL NEED TO COME UP WITH NEARLY $130,000 USD (One Hundred Thirty Thousand Dollars) just to become competitive again.

I've tried.

As I said previously, GIGAVPS will essentially become a 'CPU Miner' (compared to current levels) once ASICs hit and the difficulty adjusts itself accordingly.
He will be FORCED to upgrade...or die.

In another thread user bulanula said kudos to BFL. It took little over 4minutes from BFL to answer "thanks".

If someone is wondering why I am so mad. Well, I will have to get out mining when ASICs hit the market. I really liked this stuff. End of bitcoin. Mark my words. Mining won't decentralized anymore.

That's heartless....

He IS the most trustworthy and SOLID member in the Mining Community and to see him fucked over (whether you like him or not, which I particularly DO NOT) is JUST SAD.

This is not personal....this is the PRINCIPAL of it all.

Just because on a personal level I don't like him at times, it doesn't mean that I want to see his venture bankrupt.

It's users like him that give Bitcoin Ventures LEGITIMACY and if he's fucked over, then what does that say in general about those who belong to and support the communities chances ?

wouldn't you just trade in 8 mini rigs for 4 SC rigs
and
14 singles for 7 SC singles

for a fairly break even trade?

That is still a lot of processing power (4 TH/s) just for the SC rigs

If BFL's recent infusion of Venture Capitol have enabled them to be a CHARITY, then by all means, I am sure you will be able to trade multiple items in without any money on your end.
Isn't THAT the way that Capitalist Businesses work ?

You are correct. $ for $ Trade In value against new hardware.
http://www.butterflylabs.com/bitforce-sc-faq/


I rest my case.... (not really.)

Nope. They used the terms 'equivalent'....and phrase 'when used towards the purchase'....

Looks pretty clear to me.

Does TRADING IN a $600 Bitforce Single for 4x $150 Jalapenos constitute a PURCHASE ?

Are 2 current $15,000 Mini-Rigs the EQUIVALENT of a $30,000 ASIC Mini-Rig ?

Looks like they were just vague enough to keep the new orders rolling in.....HOOK, LINE and SINKER.

In my last revamp, late spring, I purchased myself 15 new 7970s @ $6,000 to hold me over until all of the new Technology uncertainty was cleared up, leaving ASICs ONLY as my next upgrade.
By the time the reward HALVES, my cards will have paid for themselves and I will then sell them @ 100% profit.

NOW, once my cards are sold in December to Gamers on Ebay, even at half price, I can take that $3,000 and invest it back into ASICs and be (literally) 10X better off than I was before.

ON THE FLIPSIDE...

Take those users who 'shot the wad' to purchase TONS of BFL hardware, that will essentially be worth NOTHING if they keep it and will only end up forcing them to spend MORE, just to get back on top where they were before.
Sure, some might see this as a great deal....but what about THOSE who STRUGGLED to buy 1x Mini-Rig @ $15,000 ? How easy will it be to come up with another $15,000 just to be competitive again, rather than being left with a $15,000/25 GH DOOR STOP when that SAME Mining power will be purchased by NEW buyers at a FRACTION of the price ?

I do not regret using my Video Cards as a temp solution.....and am actually THANKFUL I did, rather than buying BFL hardware at the time.

Take those users who 'shot the wad' to purchase TONS of BFL hardware, that will essentially be worth NOTHING if they keep it and will only end up forcing them to spend MORE, just to get back on top where they were before.
Sure, some might see this as a great deal....but what about THOSE who STRUGGLED to buy 1x Mini-Rig @ $15,000 ? How easy will it be to come up with another $15,000 just to be competitive again, rather than being left with a $15,000/25 GH DOOR STOP when that SAME Mining power will be purchased by NEW buyers at a FRACTION of the price ?

This is the exact scenario that is going to very bad for BFL if bitlane's conclusions are true. Unfortunately, we'll have to wait for BFL to clarify.

+1 for clarification

LOL...you don't know me or my situation. I post shit like that as an excuse. It's fun to joke about stuff like that. If it were true, would I really post it in public ?looking for sympathy ? or to show who really wore the pants in my family....lmao. Come one.
She's never cried about the $50k that I have invested in my Skyline GT-R project, the $20k+ that I have in Car audio laying around the house, that I have not even used yet....or any other toys that I buy on a whim. Why bitcoin ? it actually MAKES money.....LOL

IT'S NOT ABOUT ME DAMN IT !

It's about the TRUSTWORTHY MEMBERS of this community getting fed up and saying FUCK IT !
(leaving the block chain vulnerable to OTHERS who might build up the power to ATTACK IT)

We need Anchors in the Mining/Venture Community.....Trustworthy people. Not a bunch of Fly-by-night Mining Corporations, like we have seen in the past, FAIL and take everyone down a peg with them.

I will trade one gigavps (who I still think is a dick at times...LOL) for 10 of you, or 90% of this community... any day of the week.

Personalities clash, that is life. gigavps is a standup guy who doesn't deserve to get fucked over for $130,000....although there are others in smaller situations.

That doesn't make any sense.  Why will you have to get out of mining when ASICs hit the market?

$150 is currently cheaper than just about any mining solution out there.  If anything, in the long run, that will help to continue to decentralize mining, not centralize it.

Basically everyone has two options from now on: get out of mining or buy from BFL.  

How can we advertise bitcoin as decentralized if one company has a monopoly manufacturing mining HW.

How can we advertise bitcoin as decentralized if one company has a monopoly manufacturing mining HW.

Possibly, but not for long with the up and coming open source ASIC project. Additionally, Enterpoint have stated that they may be able to produce something very competitive using FPGAs, although I'm not quite sure how.

This is coming from a guy who likes Enterpoint: I call BS. Look at the prices! Maybe in terms of MH/W but that doesn't matter since it's 20 already.

I didn't see you complaint about ATI...

This is the exact scenario that is going to very bad for BFL if bitlane's conclusions are true. Unfortunately, we'll have to wait for BFL to clarify.

+1 for clarification

I'm sorry for catching up a bit late on this thread. To set an example, imagine that you are willing to purchase
a 1299$ BitForce SC Single. What you can do is you can send the unit back to us, and 1299$ will be reduced to 699$.


Regards,
BF Labs Inc.

LOL...you don't know me or my situation. I post shit like that as an excuse. It's fun to joke about stuff like that. If it were true, would I really post it in public ?looking for sympathy ? or to show who really wore the pants in my family....lmao. Come on.
She's never cried about the $50k that I have invested in my Skyline GT-R project, the $20k+ that I have in Car audio laying around the house, that I have not even used yet....or any other toys that I buy on a whim, the fact that I have to buy a new TV every 6 months or build a new PC for myself when ever I wish....hehe. Why bitcoin ? it actually MAKES money.....LOL


IT'S NOT ABOUT ME DAMN IT !

It's about the TRUSTWORTHY MEMBERS of this community getting fed up and saying FUCK IT !
(leaving the block chain vulnerable to OTHERS who might build up the power to ATTACK IT)

We need Anchors in the Mining/Venture Community.....Trustworthy people. Not a bunch of Fly-by-night Mining Corporations, like we have seen in the past, FAIL and take everyone down a peg with them.

I will trade one gigavps (who I still think is a dick at times...LOL) for 10 of you, or 90% of this community... any day of the week.

Personalities clash, that is life. gigavps is a standup guy who doesn't deserve to get fucked over for $130,000....although there are others in smaller situations.

In my last revamp, late spring, I purchased myself 15 new 7970s @ $6,000 to hold me over until all of the new Technology uncertainty was cleared up, leaving ASICs ONLY as my next upgrade.
By the time the reward HALVES, my cards will have paid for themselves and I will then sell them @ 100% profit.

NOW, once my cards are sold in December to Gamers on Ebay, even at half price, I can take that $3,000 and invest it back into ASICs and be (literally) 10X better off than I was before.

ON THE FLIPSIDE...

Take those users who 'shot the wad' to purchase TONS of BFL hardware, that will essentially be worth NOTHING if they keep it and will only end up forcing them to spend MORE, just to get back on top where they were before.
Sure, some might see this as a great deal....but what about THOSE who STRUGGLED to buy 1x Mini-Rig @ $15,000 ? How easy will it be to come up with another $15,000 just to be competitive again, rather than being left with a $15,000/25 GH DOOR STOP when that SAME Mining power will be purchased by NEW buyers at a FRACTION of the price ?

I do not regret using my Video Cards as a temp solution.....and am actually THANKFUL I did, rather than buying BFL hardware at the time.

ONE MORE TIME......Giga is not the one who is in line to get fucked here......it's the BONDHOLDERS!

1. Those who "struggle" with $15000, buy Singles instead, I doubt people who struggle financially make such investments.
2. If you have made such investment and you "struggle" then sell your place in line, there are many people willing to purchase.
3. If you "struggle" then such big investments are simply not for you.