Hi EskimoBob,
Since you didn't like my last response, we'll take your new post in parts so that I can talk to each point you make.
I attempted to figure out is this upgrade a really sweet deal or this just another rip off wrapped in a shiny paper and offered to us by a beady-eyed, smooth talking scam artist.
Thanks for taking the time to do some math. However, I don't appreciate being called a scam artist. I would kindly ask that if you would like to be respected, please respect others.
I guess it is clear what I did here in Table 1. All the FPGA stuff that vps has ordered and is pay'd by you, dear turd ("bond") holders is getting swapped to 20.4 times faster equipment. And yes, it is all paid by you.
So your calculations for the $/Gh decrease look correct. At this point in time, I have 4 mini rigs and cannot promise anything more until some things happen.
Would you rather I promise what I cannot deliver?
We got our 5 Mh turds for it and when diff started to climb, people started to realize that 5 Mh will keep losing value fast. (This trend will continue in long term and same thing will happen to 100 Mh ASIC turds.)
Every miner faces this. It's not just bond holders. It is however the one of only three risks that bond holders take on along with bond price fluctuations and BTC price. I take on
ALL the other risks of running the bond. You do not have to worry that cgminer crashed yesterday and 50Gh was down for 4 hours.
Do you think that taking on these risks does not deserve a premium?
People got pissed off and then the a* holes from BFL released the PR FUD package. Now most of you realized, that 5 Mh turds will be worthless in matter of [insert BFL promised time frame here]. Suddenly people realized tha VPS can swap this pile of FPGA to 20 times faster (per invested dollar) ASIC's and ... here we are now.
All I can do when faced with this situation is either let gigamining die on the vine or work really hard to get ASICs.
What do you prefer me to do?
Here, in Table 2, I am trying to understand, what really happens, if this swap gets completed.
At this point, it looks like I am getting scammed no matter what I do.
I have tried to give people a way to choose a free upgrade path. I have funds allocated to getting to 200Gh before ASIC arrives and to also upgrade equipment. BFL has made everyone of their customers double down if they want to remain viable in the mining game. I am not, yet you tell me you feel scammed because of this.
Would you rather I only have a paid upgrade option like BFL?
VPS answer to my question was as empty and meaningless like a answer from a scumbag politician:
Again, I try to treat most everyone on the forums with respect. I have failed in the past on this because I am not perfect. I will ask again that you try to do the same. Hopefully my more detailed response here will rectify your issues with my previous post.
Did I calculate something wrong? If so, can you please keep it to the point and use similar layout, so we all can see, where did I go wrong.
Cheers!
So, EskimoBob, would you rather I make no money and go out of business at the first sign of trouble? It seems your argument is that because I make BTC doing this that I am somehow doing something wrong.
I look forward to your response.
Best,
gigavps
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