Looks like he is thinking of "price matching" when they release the Monarch line. Which means, if you pay now, you will pay too much.
They'll raise their prices then offer discount coupons for future orders. Probably.
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How did today go?
Anyone got any resolutions?
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Asicminer has fallen behind, as there is a great deal of competition now. When they were dominate, there was not nearly as many ASIC designs out there.
However it's not 'over' by a long-shot. The company is still in a great position to maintain a sizable chunk of the mining network. Even today they are a fantastic deal for their dividends, paying over a 40% yearly annual return, making buying Asicminer shares a good alternative to mining in this super-chaotic period of change over to all-ASICs.
For Asicminer's future, a lot depends on the next month when new mining gear comes online, and hopefully around the end of the October, when the gen 2 design is revealed. Asicminer does have the knowledge and resources to pull off something impressive.
Friedcat recently purchased some forum advertising spots so there's a lot of anxious people waiting to see what that will be about, including myself...
Bitcoin ASIC manufacturers competitions can be likened to: A single swimming pool of water where each manufacturer is trying to suck liquid from the pool with an ever bigger motor. ASICMiners pump is sucking at 20 gallons a minute while BitFury pump is doing 160 per minute. Which means that most of the wealth of BTC is being sucked towards BitFury. BFL's pump is just broken and they hired a moron to put in the pump. The moron filled the pool with liquid nitrogen and people are passing out in and around the pool with some falling into an abyss of poverty. Don't run that pump of poverty! http://www.youtube.com/watch?v=Jo48hsby1RQ
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Alright, I am back in town and back to work. Good news today, I managed to salvage two of the boards that were defective from the PCB house. Thank god too, because I really didn't want to lose the one with 8 ASICs on it. It's definitely a kludge, one board has Vdd shorted to ground but a good MCU, the other has problems with the JTAG interface that prevent me from programming but a good VRM and set of ASICs. There were a couple issues, chiefly that the new build of the firmware meant for the 8 chip boards is having some issues and wasn't hashing so I had to hack together some code on the old 4 chip test board to get it to work. It behaves really strangely too, cgminer reports twice the hashrate that it's actually putting out. If I had to hazard a guess I'd say it has something to do with having ASICs 0-3 on SPI1 and 4-7 on SPI2, and my hacked code just has it looking for 8 on each bus. Bitminter reports it nicely at 27GH/s though. The other issue is that the early code doesn't do a good job up keeping the ASICs feed with work. You can clearly see the dips in output current, which is quite different from the straight line you get when all 8 engines are loaded up at the same time and hashing test cases during startup. Once the issues with the new code base are resolved, that should get resolved. It will be interesting to see what kind of hashrates are achievable with grade A chips and some more optimized code. The other problem is that the ASICs actually get quite hot, even with the closed loop water cooler. The only TIM pads I had laying around was a roll of 3M 5590H, and while it's decent stuff for most applications the 0.5mm thick 3.0W/mK really isn't effective enough for the kind of heat load these chips put out. I'll have to order some 0.5mm 12-17W/mK material, and I might be adventurous and try it with just grease. http://www.frozencpu.com/products/17499/thr-181/Fujipoly_Ultra_Extreme_System_Builder_Thermal_Pad_-_60_x_50_x_05_-_Thermal_Conductivity_170_WmK.html
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Looks like Josh is already promising to screw his early Monarch pre-orders by slashing prices. Looks like he is thinking of "price matching" when they release the Monarch line. Which means, if you pay now, you will pay too much.
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If you were thoroughly disenchanted by BFL's performance vs their promised performance, you can visit this thread to force a refund and get your investment money back: https://bitcointalk.org/index.php?topic=291205.0Please feel free to buy into other companies like CoinTerra, BitFury, Hash Fast, Avalon, or whatever other company that comes to mind. Recoup your cash and reinvest wisely!
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I'm really hoping the number of requests sent for a single company within such a short time span isn't the issue and they'll still get back to you guys. If nobody hears anything within the next day or so I'm just going to post the information publicly and maybe THAT increase in volume will encourage them to act.
@ lajz99 Have you received any threatening emails from BFL or it's employees since helping people out with their refunds? How do todays contact numbers compare to yesterdays 60+?
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Anyone game to call the dental group and ask a few questions concerning their neighbors?
Omni Dental Group 11130 Jollyville Road #1500, Austin, TX 78759 map (512) 346-8424
Or at least ask if there's a blue light in the window. If there is, then I have a clue as to who he may be, especially if there's a sign on the door that reads, "Hello, fellow Bitcoiners!" Mr. PG, When will you disclose the details of your visit at BFL?
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Anyone game to call the dental group and ask a few questions concerning their neighbors?
Omni Dental Group 11130 Jollyville Road #1500, Austin, TX 78759 map (512) 346-8424
Hello, eve ? Is everyone afraid to dial a phone number?
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Well they mailed first batch customers a coupon for 10% off the 2nd batch orders, except the damned coupon doesn't work at all!!!! Cointerra, please fix this mess!!!
Hi TesterX, We've received several orders already from customers using the coupon code, so it is functional. Please note that the code only works if you use the email address with which you placed your original order, and that it only can be used once on single 2nd batch orders. Don't hesitate to contact us at support (at) cointerra.com if the issue persists. Why doesn't CoinTerra adopt a fractional pre-order system? If you purchased a TerraMiner 4 (2TH/s) when it was first released then the buyer purchased it at 16k USD. If the purchase price of the same Miner a little later goes for 6k USD then their order system should allow a buyer to claim 2 systems and reserve 66% of a third miner. Dispatching an automated email if the buyer would like to pay the remaining balance to acquire a third system plus any extra payments for shipping a second and third unit. First unit should be shipped on schedule and the second unit should be shipped in the next batch after that. ===================== I don't see what is the point of giving a coupon that will discount the next unit if the price doesn't quite equalize the entire purchase price. 16k <--- first batch 6k second batch. Total of 22k which should equal almost 4 units. Instead in the current system, the buyer purchased the first unit for too much and only gets 10% off for the second unit.
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I'm really hoping the number of requests sent for a single company within such a short time span isn't the issue and they'll still get back to you guys. If nobody hears anything within the next day or so I'm just going to post the information publicly and maybe THAT increase in volume will encourage them to act.
Fully supporting your decision on this. Donate to the man!
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Cointerra: Where stolen from: Cointerra: Where stolen from: Target demographic: Thank you for the research and the laugh. If you believe the company has infringed on copyrights or intellectual property then you could contact thier host and have the website taken down if the claim proves to be true. Same can be said of BFL and their art gallery with various intellectual property violations.
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check out the site, new cointerra products and prices released. what do yall think?
"Where's the beef?" Disappointing to see that there is *still* nothing substantive on that website; nothing to alleviate legitimate concerns that this may be just another, albeit glossier-than-most, scam. I'll pass. There will be plenty of cheap ASIC hardware to buy in the coming months. Agreed. But that was one hell of a price cut.
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No,no,no,BFL is shipping......just waiting on parts/boards/chips.......Nasser said so It's so sad you don't understand engineer-speak. To an engineer a shutdown or a halt means the line has ended and no more will ever be produced. A delay is currently what is happening in engineer-speak, but that difference is lost on trolls. What ISO code is that engineer-speak? I need to be sure I am parsing it correctly.
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It's actually funny - If you paid in USD, everyone who has received a bfl product will make roi.
You don't seem to understand the idea of currency exchange. Please inform me how a BFL product will make back its costs without saying "oh well bitcoins were $80 then and theyll be $200 when it is mining! hurp a derp" I only put down bitcoins/money on something that i feel will produce more BTC in its lifetime then if i initially had just put my money into BTCthen you obviously won't be buying mining equipment anytime soon. You heard it here first folks, bcp19 admitted that people should not be buying BFL specific hardware. At least....not if you expect to make more BTC than you paid for the hardware... You are twisting my words again Master Shill... I did not reference any one particaular company, I meant ALL of them. Tsk tsk tsk... we may have to revoke your shillness for this one. Bitfury hardware does make a positive ROI, doesn't it? Can't say the same about BFL or ASICMiner. I am not twisting your words. The quote you used was in reference to a specific manufacturer. Please read before making assumptions. see above highlight. You assumed I meant BFL cause he mentioned BFL, but I responded to the other part of his quote. I personally believe if you don't have it in hand between now and 7-14 days from now, you won't see a positive RoI on anything from anywhere just due to the simple fact there is so much product from so many companies that is supposed to ship in the next 30-45 days. People will soon be wishing the monthly difficulty increase was ONLY 76%. And we come around full circle. Therefore my previous statement was spot on. Yep, you were spot on and assumed I was only talking about 1 company. Epic fail dude. Or you were talking about any company, and I picked one, therefore epic win! (with exception of BitFury of course) P.S. Yes, I am fucking with you
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It's actually funny - If you paid in USD, everyone who has received a bfl product will make roi.
You don't seem to understand the idea of currency exchange. Please inform me how a BFL product will make back its costs without saying "oh well bitcoins were $80 then and theyll be $200 when it is mining! hurp a derp" I only put down bitcoins/money on something that i feel will produce more BTC in its lifetime then if i initially had just put my money into BTCthen you obviously won't be buying mining equipment anytime soon. You heard it here first folks, bcp19 admitted that people should not be buying BFL specific hardware. At least....not if you expect to make more BTC than you paid for the hardware... You are twisting my words again Master Shill... I did not reference any one particaular company, I meant ALL of them. Tsk tsk tsk... we may have to revoke your shillness for this one. Bitfury hardware does make a positive ROI, doesn't it? Can't say the same about BFL or ASICMiner. I am not twisting your words. The quote you used was in reference to a specific manufacturer. Please read before making assumptions. see above highlight. You assumed I meant BFL cause he mentioned BFL, but I responded to the other part of his quote. I personally believe if you don't have it in hand between now and 7-14 days from now, you won't see a positive RoI on anything from anywhere just due to the simple fact there is so much product from so many companies that is supposed to ship in the next 30-45 days. People will soon be wishing the monthly difficulty increase was ONLY 76%. And we come around full circle. Therefore my previous statement was spot on.
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It's actually funny - If you paid in USD, everyone who has received a bfl product will make roi.
You don't seem to understand the idea of currency exchange. Please inform me how a BFL product will make back its costs without saying "oh well bitcoins were $80 then and theyll be $200 when it is mining! hurp a derp" I only put down bitcoins/money on something that i feel will produce more BTC in its lifetime then if i initially had just put my money into BTC then you obviously won't be buying mining equipment anytime soon. You heard it here first folks, bcp19 admitted that people should not be buying BFL specific hardware. At least....not if you expect to make more BTC than you paid for the hardware... You are twisting my words again Master Shill... I did not reference any one particaular company, I meant ALL of them. Tsk tsk tsk... we may have to revoke your shillness for this one. Bitfury hardware does make a positive ROI, doesn't it? Can't say the same about BFL or ASICMiner. I am not twisting your words. The quote you used was in reference to a specific manufacturer. Please read before making assumptions.
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