And did I buy them to mine? No. I mined 12 btc per blade and sold them above cost price. Fuck you and your simplistic brain, you'd evaporate in my presence.

Then stop complaining. I had £12 in my bank account. Was bored, started my own £1M company at 13. Do something about it other than complain. In either case, why do we have to hear the QQ?

Paying for college: 15UhE4x7d1hD2o2YKCcdddzuhymsTKdeuz

yeah, you are completely correct mmitech. Ive been stating nearly the same thing in several IRC chats for months now.

ASIC suppliers are the only ones who are doing the real profit in the bitcoin "ASIC ERA"

They know that if price of BTC is up & diff is reasonably low comparably, people will be willing to shovel tons of money into an ASIC so the suppliers just pin a high pricetag on them, making bank on the customer.
They know that if price of BTC is down & diff is still pretty high, the demand for hardware drops significantly and therefore the suppliers will drop price accordingly but still make a decent profit off customer.

The perfect example of this for all to see in clear daylight is bitfury USA's price structure on their preorders. The AUG preorders costing 2.5x more than OCT preorders ... those ASICs still cost them the same to make no matter if AUG or OCT...so they are just ripping the fuckall off the customer and laughing at the arms race the miners are creating for themselves against diff.

This is the downside of having bitcoin-only ASIC suppliers who have no other business. They change price based on demand. So not only do you have the miners in competition w/ each other based on a fixed price for hardware no matter the diff / price (like GPU's) ... now you have the companies who supply the hardware in competition w/ all sectors of the ASIC era.

Thats why I liked GPU's... AMD didnt give a fuck about bitcoin , hence they didnt price there GPU's according to the demand in bitcoin mining. So, every miner had equal chance in GPU era. In ASIC era, it all depends on the customer whos willing to risk the most to come out on top, by giving a shit ton of money to ASIC suppliers which is an unfair advantage to hobby miners.

In the end what this really comes down too is ASIC suppliers pricing future hardware so close to possible profits, that miners wont actually make any profit because they will simply be saving up a stack of BTC w/ current hardware just to afford the next gen ASIC hardware... and this will simply keep happening over and over. Only when one decides to stop mining can they take their BTC & cashout.

I look at what my avy batch 2 makes....basically to afford any hardware at this point in time, I would have to cash out any profit my avy made & thensome for a faster hasher that will suffer the same fate.
In the end it really sucks for us miners when the suppliers will price stuff exactly in this manner.

They know what to charge to make bank off us and keep the illusion alive that we have a chance of making profit =P ... when all we are doing is saving up to buy yet again more hardware from the suppliers...generation after generation.

I can't take anyone on this forum seriously if:

A) They have that many spelling/grammar errors while trying to sound intelligent, and
B) Whine and complain and take everything personally. This is the internet: no one gives two shits about your opinion.

LOL? All you said was block erupters and usbs are overpriced... WE KNOW.

Totally agree with you, did then, did now.

Pricing affects the desire to recoup NRE and have sufficient means of production, distribution, marketing and customer service as well as the standard business requirements. Beyond that it is about making a profit.

TL;DR ~ you are their Inaba?

Why should anyone care what your opinion is, since you are being paid to give it?

     If the total value of the United States as a country with all the social and cultural capital and assets is X, then the value of the dollar is a representation of this, or X=Y. If X is changing at a rate of A, then the money supply can increase or decrease at a rate of A too and the value of the dollar will stay steady. If the X is changing at a rate of A and Y is changing a rate of B, then, if A>B the purchasing power of the dollar will go up. If A<B, then the purchasing power will go down.

       Right now, Y is increasing at an absolutely unprecedented rate and this is diluting the value of the dollar in favor of the recipients of the newly issued dollars. In this case, those recipients are banks, particularly those holding mortgages.

http://www.washingtonsblog.com/2013/06/81-5-of-money-created-through-quantitative-easing-is-sitting-there-gathering-dust-instead-of-helping-the-economy.html  (EDIT: wow, vokain posted a link to the same article while I was writing this)

    This makes the balance sheets of banks look a lot better and allows them to continue lending (at a profit, with interest) which spurs growth in construction, small businesses, consumer goods purchases (credit cards). A lot of people, myself included, have wondered how the fed can create so much new money without inflation skyrocketing- and the answer is that most of the money is being hoarded. The Chinese have about 3 trillion dollars in dollar denominated bonds and foreign currency reserves, and US banks have about 1.8 trillion sitting around. If either start to dump their dollars, the market will follow suit and the dollar will crash.

    This is basically a financial cold war- if the Chinese start to dump dollars US banks can immediately respond by unleashing a huge pile of dollars too, devaluing the dollar so China gets stuck with a big pile of paper. Notice that the US banks reserves are less than China's- that means that if China tries to dump that the US stands to lose much less- not to mention that in the case of hyperinflation the 17 trillion in US debt will suddenly become much less valuable in real terms, although since hyperinflation will hit the poor hard it would require martial law and a rationing system to allocate basic consumer goods.  

     The piles of dollars sitting around are basically potential inflation that has not been unleashed. Check it out- if US banks have 10% of the dollars in the world, and the fed increases the money supply by 20% and gives all of the dollars to the banks, the banks went from having 10% of all the dollars to having 25% of all dollars. Or concretely- if there are 100 trillion dollars on paper worldwide, and banks have 10 trillion of them, and then the fed prints 20 trillion new dollars and gives them all to the banks, the banks now have 30 trillion dollars of a total of 120 trillion dollars "existing." 30 is 25% of 120. If 100 trillion dollars are worth 1 trillion bushels of soya(or insert non-fiat commodity here), or the combined buying power of all dollars in existence is 1 trillion bushels of soya, assume that the number 20 in this example represents the amount by which the growth in the money supply EXCEEDS the growth in underlying value.
     Banks in the US just went from having the power to buy 100 billion bushels of soya to having the power to buy 250 billion bushels of soya- and all they did was make a ton of non-performing loans!

       These numbers are just meant to simplify what I'm trying to say, which is that China has a huge pile of dollars they have made exporting to the US, and the US is using inflation and the threat of inflation to steal that money back. How long do you think China is going to put up with this? They can't do much about it, but they have officially sanctioned bitcoin use in China- and it's crazy that they would promote such an unregulated technology when they are known for being the arch-financial regulators- they are doing so because they know that the more bitcoin is used the more it will erode the dollar. They are also deregulating the yuan so that yuan will start to migrate overseas and they can sell exports directly for yuan rather than having to continue to accept dollars that are having their value quietly robbed by US private banks. They are also buying Iranian crude oil and paying with subway cars since sanctions hinder dollar denominated transactions.

      If China gets too uppity, the US has been eyeballing Iran for a while, and Syrian escalation with Iran providing supplies to the side that the US is increasing pressure against means possible pretext for involvement. For example, if the US instates a no-fly zone in Syria a la Libya, Iranian anti-aircraft weapons in the hands of Syrian forces could end up hitting US fighters. This would necessitate bombing supply convoys coming from Iran towards Syria, and eventually provide an excuse for the US to finally try to take over Iran or send piles of those freshly minted dollars to factions inside Iran that will do what the CIA tells them too as long as dollars keep flowing, and force China to keep paying for the oil they need to keep their economy running in dollars, thereby maintaining demand for the dollar and allowing the US to continue robbing the value of China's hard earned piles of dollars.

      So really holding dollars is basically akin to hot potato or musical chairs, except that there's a war when the music stops. If you are speculating by buying high and selling low, you are basically trying to beat the market which means take the money from less adept traders. This is not a win-win. There are plenty of ways to make money in win-win circumstances. You are feeding off of other people's losses, and guess what? What goes around comes around. Quantitative easing is basically the biggest rip off the world has ever seen, and everyone holding dollars stands to lose from it- except the people receiving the newly minted dollars.

        That happens to include me, since I am a home owner in the US and QE is what enables banks to renegotiate loans without collapsing. That means the possibility to renegotiate mortgage payments to lower rent and increase profits of property owners, which translates to more cash in circulation and increased consumer spending, which leads (partly) to the gains we are seeing in Wall Street right now. (EDIT: Oh yeah, and I think it also has something to do with the good employment numbers in the US, whereas ECB QE is dwarfed by US QE and the Eurozone has major unemployment problems) Money represents work, and the US is getting more money without really doing any more work- and who is paying for this increased value? Where do people work 16 hours a day, 6 days a week? I smell a slave rebellion in the works.

          Basically a total overhaul of society is necessary and it means absolute political death for whoever is in power when it happens. This will mean that !surprise! Western liberal democracy will meet the same fate that every democracy in history has met- a slide to totalitarianism. So yeah... if you want to support this scenario, go ahead and keep using dollars. You know that scene in Braveheart where William Wallace is giving the speech the Scottish army- well you could substitute the words "lives" for dollars and "freedom" for bitcoin.

   "They can take our dollars, but they cannot take our BITCOOOIIINNNN!!!"
    

Hi,
sorry that im asking here, but the support dont answer me for weeks. Is it possible to pay via bank transfer from germany? i dont have any bitcoins yet and want to pay my order as soon as possible....

I ordered an august 25G kit and paid on the spot via creditcard. I didn't sleep on it for several days or 'claim' i'm waiting on bitcoin to be available (online or in-wallet) because I wanted the spot and I took it seriously.

Anyone who is trying to 'claim a spot in line' and then dissapear for days/weeks before deciding whether to pay should be bumped from the list after 24hrs to free up other spots for serious investors.

If you want to buy an ASIC, you have to be ready. This is very fast-paced right now and spots should not be held for those who simply want to wait and see if its worth completing the payment process