Hi all, I'm new to mining, want to get started. What I am confused about is this: why would I bid (up to BTC 50 or maybe even above) for this ASICMINER product (at 10Gh/s) whereas the butterfly at 5Gh/s goes for USD 274,- in their webshop?
Yes - I am already aware that BFL has LARGE back orders. But is that the ONLY reason why these ASICMINER blades are way more expensive?
Or is there something else I am missing (technically speaking, as said - I'm a newbie)?
Any help appreciated!
Thanks!
The most important thing about Bitcoin mining is time. Say "time" to yourself about a thousand times and you'll have a good idea why people are bidding like mad for a 10GH/s board. As you may or may not know, as time goes on those GH/s are less and less effective. Things are even worse now because we are on the cusp of thousands of ASIC's being released into the wild. When this happens its will get harder and harder to mine. Remember the network only wants to give the Bitcoin reward every 10 minutes, and as more people add power the network will adjust to make this very hard. Everything is a risk, if BFL starts to pump out 100 orders a day tomorrow, then everyone here just lost big time. Everyone bidding here wants 10GH/s before BFL ships. They are hoping the board pays for itself and more in 3-4 months otherwise the difficulty will just increase so far they have no chance getting a ROI. If BFL does not ship thousands of chips over the next 2 months then everyone here may be a winner. By bidding here we are effectivly shorting BFL over the next several months. Also, if you just order a 5GH/s from BFL now, you would be better off buying a GPU and mining right now. That queue is killer and people waiting for 5GH/s will get them by December and they will just get a door stop. I have some BFL device on order. The thing is, even if they don't break even soon after I get them, I will still run them purely for passion. Life is more than money and at these consumption leves I couldn't care less ;-) Reminds me why I run a CPU miner on solo once awhile.  Okay guys, please discuss this later when the auction ends.  I'm trying to run an auction here. |
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I'll be hung on a rack like a deer carcass if I bought 10.
You'll get a free rack to accompany you when you're hung. |
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Name Quantity Price (฿)
Caesium 5 45
kibblesnbits 1 45
samyrp 2 45
Hiroaki 1 44.5
ok 1 44
Fury! 1 44
desired_username 4 44
Lucky - Luciano 1 43.5
win07 1 43.5
lan787 1 43
LainZ 1 43
tccd 2 43
starsoccer9 1 43
Hiroaki 1 42.5
psjw4450 4 42.5
caoxg 1 42.5
BitMagnet 1 42.5
hashman 3 42
Omen1855 1 42
simtel12 1 42
cchan 1 42
CJPOLO 1 41.5
FlappySocks 1 41.5
Hiroaki 1 41.5
Omen1855 1 41.5
slastar 2 41.5
Ajay 2 41.5
drawingthesun 1 41.5
drlatino999 2 41.5
Aajo 1 41
Pinwheel 3 41
Remember - if you win 10 boards you get a free rack shipped!
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About 1 hour left - get your shiny miners before it's too late! *gets out microphone and boombox * |
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| Name | Quantity | Price (฿) | Remaining | BTC Count | Updated to post 603 | <- seldom updated | | Caesium | 5 | 45 | 45 | 225 | | | | kibblesnbits | 1 | 45 | 44 | 45 | | | | Hiroaki | 1 | 44.5 | 43 | 44.5 | | | | ok | 1 | 44 | 42 | 44 | | | | Fury! | 1 | 44 | 41 | 44 | | | | desired_username | 4 | 44 | 37 | 176 | | | | Lucky - Luciano | 1 | 43.5 | 36 | 43.5 | | | | win07 | 1 | 43.5 | 35 | 43.5 | | | | lan787 | 1 | 43 | 34 | 43 | | | | LainZ | 1 | 43 | 33 | 43 | | | | tccd | 2 | 43 | 31 | 86 | | | | Hiroaki | 1 | 42.5 | 30 | 42.5 | | | | psjw4450 | 4 | 42.5 | 26 | 170 | | | | caoxg | 1 | 42.5 | 25 | 42.5 | | | | BitMagnet | 1 | 42.5 | 24 | 42.5 | | | | hashman | 3 | 42 | 21 | 126 | | | | Omen1855 | 1 | 42 | 20 | 42 | | | | simtel12 | 1 | 42 | 19 | 42 | | | | starsoccer9 | 1 | 42 | 18 | 42 | | | | cchan | 1 | 42 | 17 | 42 | | | | CJPOLO | 1 | 41.5 | 16 | 41.5 | | | | FlappySocks | 1 | 41.5 | 15 | 41.5 | | | | Hiroaki | 1 | 41.5 | 14 | 41.5 | | | | Omen1855 | 1 | 41.5 | 13 | 41.5 | | | | slastar | 2 | 41.5 | 11 | 83 | | | | Ajay | 2 | 41.5 | 9 | 83 | | | | drawingthesun | 1 | 41.5 | 8 | 41.5 | | | | drlatino999 | 2 | 41.5 | 6 | 83 | | | | Aajo | 1 | 41 | 5 | 41 | | | | Pinwheel | 5 | 41 | 0 | 205 | | | | Total blades: | 50 | | Total BTC: | 2131.5 | | | | | | | | | | | Auction thread (Bid here!) | | | | | | |
Googledoc (thanks Vjain!) : https://docs.google.com/spreadsheet/ccc?key=0AiYcEqkgyjc_dEM5Z19DdUxzV3VBVjlvcVBQTFNOYmc#gid=0Estimated Countdown (courtesy of JaredR26) Timer removed. End time: 2013-04-29+13:25:32 |
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Name Quantity Price (฿)
Caesium 5 45
kibblesnbits 1 45
Hiroaki 1 44.5
ok 1 44
Fury! 1 44
desired_username 4 44
Lucky - Luciano 1 43.5
win07 1 43.5
lan787 1 43
LainZ 1 43
tccd 2 43
Hiroaki 1 42.5
psjw4450 4 42.5
caoxg 1 42.5
BitMagnet 1 42.5
hashman 3 42
Omen1855 1 42
simtel12 1 42
starsoccer9 1 42
cchan 1 42
CJPOLO 1 41.5
FlappySocks 1 41.5
Hiroaki 1 41.5
Omen1855 1 41.5
slastar 2 41.5
Ajay 2 41.5
drawingthesun 1 41.5
drlatino999 2 41.5
Aajo 1 41
Pinwheel 5 41
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Nice to see that there are going to be many owners of these vs just one. Seems like we are going to have people hashing all over the place which means BTC network is going go be even more spread out. Muahahhaaha!
Be an owner! Hi all, I'm new to mining, want to get started. What I am confused about is this: why would I bid (up to BTC 50 or maybe even above) for this ASICMINER product (at 10Gh/s) whereas the butterfly at 5Gh/s goes for USD 274,- in their webshop?
Yes - I am already aware that BFL has LARGE back orders. But is that the ONLY reason why these ASICMINER blades are way more expensive?
Or is there something else I am missing (technically speaking, as said - I'm a newbie)?
Any help appreciated!
Thanks!
Your 5GH/s Butterfly will be mining at so low returns when you eventually get them that you're not going to make back your ROI. Well if you pay in $$$ and BTC will not fall the, ROI is inevitable. But still it may be better to just buy BTCYep, good point. |
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| Name | Quantity | Price (฿) | Remaining | BTC Count | Updated to post 603 | <- seldom updated | | Caesium | 5 | 45 | 45 | 225 | | | | kibblesnbits | 1 | 45 | 44 | 45 | | | | Hiroaki | 1 | 44.5 | 43 | 44.5 | | | | ok | 1 | 44 | 42 | 44 | | | | Fury! | 1 | 44 | 41 | 44 | | | | desired_username | 4 | 44 | 37 | 176 | | | | Lucky - Luciano | 1 | 43.5 | 36 | 43.5 | | | | win07 | 1 | 43.5 | 35 | 43.5 | | | | lan787 | 1 | 43 | 34 | 43 | | | | LainZ | 1 | 43 | 33 | 43 | | | | tccd | 2 | 43 | 31 | 86 | | | | Hiroaki | 1 | 42.5 | 30 | 42.5 | | | | psjw4450 | 4 | 42.5 | 26 | 170 | | | | caoxg | 1 | 42.5 | 25 | 42.5 | | | | BitMagnet | 1 | 42.5 | 24 | 42.5 | | | | hashman | 3 | 42 | 21 | 126 | | | | Omen1855 | 1 | 42 | 20 | 42 | | | | simtel12 | 1 | 42 | 19 | 42 | | | | starsoccer9 | 1 | 42 | 18 | 42 | | | | CJPOLO | 1 | 41.5 | 17 | 41.5 | | | | FlappySocks | 1 | 41.5 | 16 | 41.5 | | | | Hiroaki | 1 | 41.5 | 15 | 41.5 | | | | Omen1855 | 1 | 41.5 | 14 | 41.5 | | | | slastar | 2 | 41.5 | 12 | 83 | | | | cchan | 1 | 41.5 | 11 | 41.5 | | | | Ajay | 2 | 41.5 | 9 | 83 | | | | drawingthesun | 1 | 41.5 | 8 | 41.5 | | | | drlatino999 | 2 | 41.5 | 6 | 83 | | | | Aajo | 1 | 41 | 5 | 41 | | | | Pinwheel | 5 | 41 | 0 | 205 | | | | Total blades: | 50 | | Total BTC: | 2131 | | | | | | | | | | | Auction thread (Bid here!) | | | | | | |
Googledoc (thanks Vjain!) : https://docs.google.com/spreadsheet/ccc?key=0AiYcEqkgyjc_dEM5Z19DdUxzV3VBVjlvcVBQTFNOYmc#gid=0Estimated Countdown (courtesy of JaredR26) Timer removed. End time: 2013-04-29+13:25:32 |
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Name Quantity Price (฿) Caesium 5 45 kibblesnbits 1 45 Hiroaki 1 44.5 ok 1 44 Fury! 1 44 desired_username 4 44 Lucky - Luciano 1 43.5 win07 1 43.5 lan787 1 43 LainZ 1 43 tccd 2 43 Hiroaki 1 42.5 psjw4450 4 42.5 caoxg 1 42.5 BitMagnet 1 42.5 hashman 3 42 Omen1855 1 42 simtel12 1 42 starsoccer9 1 42 CJPOLO 1 41.5 FlappySocks 1 41.5 Hiroaki 1 41.5 Omen1855 1 41.5 slastar 2 41.5 cchan 1 41.5 Ajay 2 41.5 drawingthesun 1 41.5 drlatino999 2 41.5 Aajo 1 41 Pinwheel 5 41 Googledoc (thanks Vjain!) : https://docs.google.com/spreadsheet/ccc?key=0AiYcEqkgyjc_dEM5Z19DdUxzV3VBVjlvcVBQTFNOYmc#gid=0Estimated Countdown (courtesy of JaredR26) Timer removed. End time: 2013-04-29+13:25:32 Meh, this is faster. |
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Nice to see that there are going to be many owners of these vs just one. Seems like we are going to have people hashing all over the place which means BTC network is going go be even more spread out. Muahahhaaha!
Be an owner! Hi all, I'm new to mining, want to get started. What I am confused about is this: why would I bid (up to BTC 50 or maybe even above) for this ASICMINER product (at 10Gh/s) whereas the butterfly at 5Gh/s goes for USD 274,- in their webshop?
Yes - I am already aware that BFL has LARGE back orders. But is that the ONLY reason why these ASICMINER blades are way more expensive?
Or is there something else I am missing (technically speaking, as said - I'm a newbie)?
Any help appreciated!
Thanks!
Your 5GH/s Butterfly will be mining at so low returns when you eventually get them that you're not going to make back your ROI. |
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| Name | Quantity | Price (฿) | Remaining | BTC Count | Updated to post 552 | | Caesium | 5 | 45 | 45 | 225 | | | Hiroaki | 1 | 44.5 | 44 | 44.5 | | | ok | 1 | 44 | 43 | 44 | | | Lucky - Luciano | 1 | 43.5 | 42 | 43.5 | | | win07 | 1 | 43.5 | 41 | 43.5 | | | lan787 | 1 | 43 | 40 | 43 | | | LainZ | 1 | 43 | 39 | 43 | | | tccd | 2 | 43 | 37 | 86 | | | Hiroaki | 1 | 42.5 | 36 | 42.5 | | | psjw4450 | 4 | 42.5 | 32 | 170 | | | caoxg | 1 | 42.5 | 31 | 42.5 | | | hashman | 3 | 42 | 28 | 126 | | | Omen1855 | 1 | 42 | 27 | 42 | | | simtel12 | 1 | 42 | 26 | 42 | | | CJPOLO | 1 | 41.5 | 25 | 41.5 | | | FlappySocks | 1 | 41.5 | 24 | 41.5 | | | Hiroaki | 1 | 41.5 | 23 | 41.5 | | | Omen1855 | 1 | 41.5 | 22 | 41.5 | | | slastar | 2 | 41.5 | 20 | 83 | | | cchan | 1 | 41.5 | 19 | 41.5 | | | Ajay | 2 | 41.5 | 17 | 83 | | drawingthesun
| 1 | 41.5 | 16 | 41.5 | | | kibblesnbits | 1 | 41 | 15 | 41 | | | Aajo | 1 | 41 | 14 | 41 | | | Pinwheel | 10 | 41 | 4 | 410 | | | Minor Miner | 4 | 41 | 0 | 164 | | | Total blades: | 50 | | Total BTC: | 2108.5 | | | | | | | | | Auction thread (Bid here!) | | | | | |
Googledoc (thanks Vjain!) : https://docs.google.com/spreadsheet/ccc?key=0AiYcEqkgyjc_dEM5Z19DdUxzV3VBVjlvcVBQTFNOYmc#gid=0Estimated Countdown (courtesy of JaredR26) Timer removed. End time: 2013-04-29+13:25:32 |
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Okay, everyone who've been PM'ing me about getting a loan to bid or using fiat/wiretransfer/paypal/BBQCoins/whatnot to pay - I'm not giving out a loan right now, and ONLY BITCOINS ARE ACCEPTED. Hope that's clear, thanks again.  |
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Just a request or suggestion... During the final 30 minutes, John, can you post overview every 5 minutes, and then, during final five minutes post overview every minute?
.b
Nah, I can't post them fast enough as the list will be updated damn fast. I tried to do that in the last auction and had to wait for the auction to close before posting the summary. |
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Lowest bid:
drlatino999 2 41
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2@ 41
The only effective bid here would be 1@41, sorry. I understand why you and the other poster felt that split bids were a pain in the butt. But, hopefully from this example above, you see why someone who wants more than one unit, might want to have multiple bids at different price levels. Near the end, in the frantic stage, it is sometimes impossible to know the exact price you have to bid to for your bid to be effective. The smaller the units, the easier it is to up it 1/2 or 1 BTC to get back on the board. Yes, you can have bids at different price levels. Just state them in a single post, thanks. (as per auction rules where your new bids will invalidate old bids) |
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2@ 41
The only effective bid here would be 1@41, sorry. |
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| Name | Quantity | Price (฿) | Remaining | BTC Count | Updated to post 552 | | Caesium | 5 | 45 | 45 | 225 | | | Hiroaki | 1 | 44.5 | 44 | 44.5 | | | ok | 1 | 44 | 43 | 44 | | | Lucky - Luciano | 1 | 43.5 | 42 | 43.5 | | | win07 | 1 | 43.5 | 41 | 43.5 | | | lan787 | 1 | 43 | 40 | 43 | | | LainZ | 1 | 43 | 39 | 43 | | | tccd | 2 | 43 | 37 | 86 | | | Hiroaki | 1 | 42.5 | 36 | 42.5 | | | psjw4450 | 4 | 42.5 | 32 | 170 | | | hashman | 3 | 42 | 29 | 126 | | | Omen1855 | 1 | 42 | 28 | 42 | | | simtel12 | 1 | 42 | 27 | 42 | | | CJPOLO | 1 | 41.5 | 26 | 41.5 | | | FlappySocks | 1 | 41.5 | 25 | 41.5 | | | Hiroaki | 1 | 41.5 | 24 | 41.5 | | | Omen1855 | 1 | 41.5 | 23 | 41.5 | | | slastar | 2 | 41.5 | 21 | 83 | | | cchan | 1 | 41.5 | 20 | 41.5 | | | kibblesnbits | 1 | 41 | 19 | 41 | | | Aajo | 1 | 41 | 18 | 41 | | | Pinwheel | 10 | 41 | 8 | 410 | | | Minor Miner | 4 | 41 | 4 | 164 | | | drlatino999 | 2 | 41 | 2 | 82 | | | WinTame2012 | 1 | 41 | 1 | 41 | | | swaits | 1 | 40.5 | 0 | 40.5 | | | Total blades: | 50 | | Total BTC: | 2105 | | | | | | | | | Auction thread (Bid here!) | | | | | |
Googledoc (thanks Vjain!) : https://docs.google.com/spreadsheet/ccc?key=0AiYcEqkgyjc_dEM5Z19DdUxzV3VBVjlvcVBQTFNOYmc#gid=0Countdown (courtesy of JaredR26) Timer removed. End time: 2013-04-29+13:25:32 |
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