The prices are ridiculous: $1,000 per 10GH/s - right, they buy the machines from KnCMiner, which cost $7,000 per 350GH/s, and they sell them for $35,000... And they have the guts to say the the estimated yearly revenue for 10GH/s is aprox. 50BTC
Yeah, so we are all going to be rich.
Jokers...
SCAM
Usually don't respond to daft comments but here goes So quick to jump the gun. Read https://www.cloudhashing.com/revenue-reinvestmentOur contract holders get additional hashing power monthly. Very hard to so solo mining. Plus no need to worry about hosting etc. We host in a secure level 3 data centre with reserve power etc. Happy hashing No math behind the 50BTC estimated revenue per 10GH/s, that's a joke, like offering 7% weekly interest on a loan. The only fact is that you are offering 10GH/s that cost you $200 or less for $1,000 If there is any payment at all to your customers, it will come from the revenue collected from new contracts. Good luck with your PONZI SCHEME |
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The prices are ridiculous: $1,000 per 10GH/s - right, they buy the machines from KnCMiner, which cost $7,000 per 350GH/s, and they sell them for $35,000... And they have the guts to say the the estimated yearly revenue for 10GH/s is aprox. 50BTC
Yeah, so we are all going to be rich.
Jokers...
SCAM
Don't usually respond to the daft So quick to jump the gun. Read https://www.cloudhashing.com/revenue-reinvestmentOur contract holders get additional hashing power monthly. Very hard to so solo mining. Plus no need to worry about hosting etc. We host in a secure level 3 data centre with reserve power etc. Happy hashing No math behind 50BTC return for 10GH/s, that's a joke. It's like offering 7% weekly interest on a loan = ponzi scheme. Only fact is you are charging $1,000 for 10GH/s that cost you $200 or less. You win, while your customers will be paid from the revenue coming from new contracts - if there's any payment, which is yet to be seen. Good luck with your PONZI SCHEME |
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No math behind 50BTC estimated return for 10GH/s. That's a joke.
The only fact is that your are charging $1,000 for 10GH/s, when it costs $200 or less to you.
Good luck with your ponzi scheme.
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And come on guys, explain how you is it possible for you to say that the estimated return of 10GH/s in the first year is 50BTC... So you are saying that each KnC Jupiter of 350GH/s is going to produce 1,750BTC?? Are you crazy or just a bunch of scammers that want to profit from people's ignorance and lack of knowledge of basic math?
You make me feel sick, really.
So quick to jump the gun. Read https://www.cloudhashing.com/revenue-reinvestmentOur contract holders get additional hashing power monthly. Very hard to so solo mining. Plus no need to worry about hosting etc. We host in a secure level 3 data centre with reserve power etc. Happy hashing I don't see any math behind the 50BTC return for the first year for each 10GH/s. That's a JOKE. Good luck with charging $35,000 per 350GH/s when it costs $7,000 or less to you. I guess you will be successful because people is greedy and willing to jump on ponzi schemes like yours. Again: you make me feel sick, really. |
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And come on guys, explain how you is it possible for you to say that the estimated return of 10GH/s in the first year is 50BTC... So you are saying that each KnC Jupiter of 350GH/s is going to produce 1,750BTC?? Are you crazy or just a bunch of scammers that want to profit from people's ignorance and lack of knowledge of basic math?
You make me feel sick, really.
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The prices are ridiculous: $1,000 per 10GH/s - right, they buy the machines from KnCMiner, which cost $7,000 per 350GH/s, and they sell them for $35,000... And they have the guts to say the the estimated yearly revenue for 10GH/s is aprox. 50BTC
Yeah, so we are all going to be rich.
Jokers...
SCAM
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The prices are ridiculous: $1,000 per 10GH/s - right, they buy the machines from KnCMiner, which cost $7,000 per 350GH/s, and they sell them for $35,000... And they have the guts to say the the estimated yearly revenue for 10GH/s is aprox. 50BTC
Yeah, so we are all going to be rich.
Jokers...
SCAM
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The prices are ridiculous: $1,000 per 10GH/s - right, they buy the machines from KnCMiner, which cost $7,000 per 350GH/s, and they sell them for $35,000... And they have the guts to say the the estimated yearly revenue for 10GH/s is aprox. 50BTC
Yeah, so we are all going to be rich.
Jokers...
SCAM
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The prices are ridiculous: $1,000 per 10GH/s - right, they buy the machines from KnCMiner, which cost $7,000 per 350GH/s, and they sell them for $35,000... And they have the guts to say the the estimated yearly revenue for 10GH/s is aprox. 50BTC
Yeah, so we are all going to be rich.
Jokers...
SCAM
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The prices are ridiculous: $1,000 per 10GH/s - right, they buy the machines from KnCMiner, which cost $7,000 per 350GH/s, and they sell them for $35,000... And they have the guts to say the the estimated yearly revenue for 10GH/s is aprox. 50BTC
Yeah, so we are all going to be rich.
Jokers...
SCAM
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Ponzi, no doubt.
And the prices are ridiculous: $1,000 per 10GH/s - right, they buy the machines from KnCMiner, which units cost $7,000 per 350GH/s, and they sell them for $35,000... And they have the guts to say the the estimated yearly revenue for 10GH/s is aprox. 50BTC
Yeah, so we are all going to be rich.
Jokers...
SCAM
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It's me or we are having slightly more volume than lately?  |
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Most of you guys are crazy. Every time the price goes down, "all is well". Any bids or upward movement.... "OMG manipulators".
Ha! Thinly veiled attempt at trying to manipulate the market upwards with this post. Nice try, BitPirate. LOL. ^^ The price is likely to recover to at least $110 -- the pre-weekend sell-off was in anticipation of a dump that never happened; so now it's time for them to buy back. OMG you're right. Creating a fake rally and selling into it is such not a good strategy to make money! Rally's been coming for days. Other markets are rallying too. The rise isn't manipulation.   |
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... "and behaves like that"
LOL
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Please ask them if they already ordered the chips, if not how far are they to reach the minimum order goal.
This is crucial, any delay will be a big problem, they have a very tight schedule and tsmc is not going to hurry for any customer.
I hope KnC is not having any problem to manage and move the shitload of cash they have probably collected.
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There's also the possibility that people are interested in obtaining hardware and are NOT focused on ROI. If one wants to obtain bitcoin without playing the "fiat/btc" game, one can buy mining hardware and then play the long game. The ASICs should be profitable for quite a while (as will FPGAs, actually) if one assumes that the initial purchase cost is a sunk cost one will not recover. But, yes, the real money is made selling mining hardware.  In the long run, when margins get tight, yes. Short term and during a huge step forward in the technology, when a single entity can control a vast % of the network for relatively low cost, no. |
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I don't know why this comes as a surprise to anyone.
For political purposes, it makes sense that BFL decided not to mine mainnet for burnins, but other than that, why would a company want to basically throw away potential revenue?
Thing is, that they mine bitcoins with the hardware of their customers! So they are stealing revenue! The amount of dust inside of the avalon cases indicates that they do ''urnins'' for days and not hours! What the fuck is this shit?  In a business like mining where each past second is more valuable than the future one, I'd say that could be expected that "burnins" would be done against the customers address, especially considering that we are speaking about preorders. I guess the *promise* of profit in ASIC mining its been huge for a limited window, and the companies could get away with it. This is going to change. ROI is going to be very tight for everybody. |
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At least ASICMiner delivered when they said they would, unlike BFL and Avalon!
People been posting from the very start that these items would never make ROI. I've been saying it all along, but no one listened and they bought them anyways.
Eventually I stopped because I own ASICMiner shares and I realized I was shooting myself in the foot, lol.
ASICMiner priced these EXACTLY right. They made a great business decision. If they ever offered an ASIC product that I felt was reasonably priced, I'd buy from them in a second. I can't say the same for BFL and Avalon, both of which have screwed me over at this point. Hopefully my ASICMiner shares will more than make up for all the money I lost due to the other two.
+1  |
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I don't know why this comes as a surprise to anyone.
For political purposes, it makes sense that BFL decided not to mine mainnet for burnins, but other than that, why would a company want to basically throw away potential revenue?
The pattern here certainly does look like testing/burnin to me, at least - if someone wants to bother, they can plot when people received units against the hashrates seen on Eligius (that data is public, I think).
Besides, didn't someone at Avalon say outright that they were mining on them before shipping?
I seem to recall reading that somewhere...
Care to explain me your logic here? Aren't the "political reasons" linked to "business reasons" and therefore to "projected revenue reasons"? Or you intend to say that BFL is after some kind of greater good? |
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Congrats to friedcat, he did it very well considering he had a limited supply and there was a shortage of supply in the market, but saying that those prices are reasonable (meaning they will allow ROI for customers) is plainly and simply retarded.
Why is it the responsibility of a seller to sell for any less than the market will pay him for his goods? I would consider a seller who wasn't selling for the maximum they could get for low quantity items to be somewhat mentally defective. There is very strong demand and very limited supply, therefore the prices will be quite high. Because it's shortsighted. When people realize they get ripped off, they tend not to make the same mistake twice. If this was a fly by night model, it would work. But if they are here for the long term, this is a mistake. Well, mining is sort of a "complicate" business, so I agree that there are many customers that did not realize that their blade would never ROI because they do not understand the math behind it. But, I'm sorry - it's their fault. At least ASICMiner didn't make misleading statements about dreamlike ROI. They auctioned their first units stating hashrate and power consumption, without promising any kind of return, as many auctioneers do at least in a subtle way. Friedcat set up a fixed price for the following units that was good enough to have them sold out, again without subtle promises. If people is dumb enough to invest without understanding what they are investing in, it's their problem. For the long term, better hope that open source alternatives spread. Because a private company offering money machines for less money than they will print will never exist, we better get used to that. |
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