I didn't make a quote based on BFL having shipped everything. I only made it based on the curve we had up until now. Then on to what the curve will likely look like in the future.

You are correct in that if BFL had shipped everything then the difficulty would have shot through the roof and probably by march the ASICs would not have produced anywhere near on track to 107 BTC. If that was your point then yes, in that you are spot on.

Which if you look carefully at your own statement it is a self defeating means to profit.

Exclusivity or scaling is the only way to remain profitable. (unless you actually think BTC will reach 1000 USD and great inflows of dollars flow through the system)

P.S. In which case, just buy and hold BTC rather than buy ASICs. It makes much more sense.

I am working on releasing an estimate of how much the BFL owners lost before they actually got their shipments.

So far I have only done some rough number with what a Jally should have made from January 1st, of 2013.

The Jally should have produced roughly 107 BTC from January until now. But should only produce about 7 to 13 BTC for the rest of it's [useful] life. I based it on halving my own ASIC and estimating what it would have produced back in January 2013.

I do not know how much (for certain) an ASIC was making back in January (or even October 2012 before the block halving). But if correct, BFL hardware (actually any ASIC hardware) has lost about 80 to 90% of it's generating value over the last year.

Which means you will only get about 10 to 15% of the value of your hardware before it starts spitting out fractions so small that the fee to make the transfer is probably bigger. My numbers may be off, so that is why I haven't yet released that rough estimation. But they should be in the neighborhood.

We don't know that yet. We have to wait till they get a bite and get back to us on the power being consumed.

@ GigaVPS

Keep us posted.

What kind of cooling are you using for this room?

How much power does each unit actually take?

Day 7, Still nothing.

By the way, in normal businesses, people test their production environment before they make it live.

It seems like BitInstant failed to do proper testing of many different services before going live with the updated website. The issue to be seems kind of obvious.

I don't want to dislike your company. But every attempt to use your service always ended in very long delays. (none of which were my fault) I didn't even know I could get my fees back if you failed to deliver in 24 hours. I lost my fees on that previous transaction.

I assumed at first it was just a single bad experience. But after looking through the forums, it is extremely easy to see that these issues have been around for a while and they are simply never fully addressed.

The new website just exacerbates the issues that seem to have been long known on the old website.

Your website should be known for it's extreme reliability. Yet looking through the forum there are tons of cases where people did normal transactions that never finished and in some cases apparently lost their money after they gave up.

(see the post above mine to give you a good example)

Resolve it in any way you choose.

Whatever is shorter. Just make sure whatever the resolution it is, it ends with 500USD at a Paypal account (without fees as it is past 24 hours) or a refund of 4.56xxxx BTC. Whatever is shorter. Time is money as your website header says. You lateness to deliver on the transaction has already cost me 35 dollars so far.

Make sure to tell me what you chose and what you were capable of as a company.

(P.S. I don't hold it against you URSAY, I simply hold it against BitInstant.)

It would totally violate Ebay ToS.

You have to ship it as soon as the buyer pays. Unless you have multiple days to "ship" it set on the auction.

I noticed that as well.

Perhaps it wasn't painted well? The discoloration is kind of odd.

You got burned by the times.

Candoo,

Make your case that your buyers will be getting a good deal @ 70BTC for 22Gh/s)  for this module.

Do it with hard math. If not, you'll simply fail to justify it like Yantis units. @ 250BTC

----------------------

You are selling your unit for 70 x 3 modules = 210BTC.

The estimated return for an entire overclocked Avalon @ 71GH/s is about 105 BTC.

Divide that by three and you come out to ~ 30-35BTC per module.

Now choose a given percentage of that you think is reasonable for that future production of BTC.


Will you sell it at 35BTC...? If so, then this be like a miners shortcut to getting his profits for the next year from some dupe/fool who didn't do his math!

Let say 50% of that future reward. (not including the electricity costs or internet fees to keep the miner going)

15 to 17 BTC? Sounds like that offer was made.

I prefer a 25% ratio of future profits. 8.99 BTC.

---------------------

From what I see, you have dilema yourself.

A) You want 70 BTC. about 200% of the future BTC production of the module.

B) You have a broken Avalon that isn't mining anymore.

So the buyer will have to pay you double what it will produce in the future for you to feel satisfied. They will never see the return for their purchase.

It's not "would you?"

It is "you have to" if you want it to actually sell.

Sigh, Day 6 maybe 7....

I finally asked for a refund and am ignored by customer service for over 2 days.

Indeed.

Excuse me for being a noob and failing to see this. I humbly apologize for being their customer.

Cheaper but less precise I take it??

Does it have the flux capacitor working?

Can the box travel back to 2010 and mine for me from back then?

If so, I am in!

Order: df07ed15-e31f-48be-9d0f-da85a3a59c58

Please issue an immediate refund for my order. I lost count of how many days I have been waiting.

It is probably my seventh day (7th). My issue wasn't even related to zipzap or coinapult or whoever.

Been ignored by BitInstant support for the last 2 days.

So just send the exact BTC (including BTC fees) back into my account. I have already found a reliable partner who can do this for me with almost no delay. (And no, they are not automated!)

Any updates to my order?

Uh, ASICMiner also mines with their blades. They openly have a farm and continue to expand it.

Apparently, all three companies do this. Which is surprising coming from Avalon.

According to this: https://bitcointalk.org/index.php?topic=236050.0

It should generate only 35 BTC over its (22Gh/s) useful life. So I offer 8.99 btc for 1. The current market rate for a cloned module.