I have created a survey to help determine how many BFL ASICs are actually on preorder or plan to be ordered. Please complete it if you are interested in BFL's ASIC's! It is only 10 questions long - shouldn't take very long to complete. Also note that I have no affiliation with questionpro, and will not be gathering any information aside from the questions asked. http://questionpro.com/t/AIyvkZNreu |
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Man, I'm pissed. Just because I don't have time to sit at the computer all day, I don't see when the preorder is made live? Heck, I'm on their mailing list for announcements - why didn't they send an announcement when they put the preorders live? Just hope they aren't going to screw over the folks who already have orders in for prior-gen singles and want to convert. Order #1823... wow, 150 orders between go live and now. I'm WAY back on the list.  |
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BFL - what about those of us who have an existing order for regular singles, and want to switch it around to the new ones? Should I put in an order and just not pay for it? Or...?
That's my currrent situation. I was thinking of bailing out and getting my refund since they have failed to deliver on time. However, I was reconsidering to give them a little more time. It would be better to at least mine a couple months with the hardware instead of sitting on stagnant cash. If the hardware isn't delivered soon, the refund option will be most palatable. Maybe, just buy bitcoins instead of ASIC hardware if it becomes more apparent that they will have this deluge of orders ahead of everyone else - might very well be more profitable as the block reward size halving approaches or passes. Why don't you just put in an order for an SC Single with a trade in? It's pretty safe to assume that you would have received you're FPGA Single a while before the SC Single is ready to ship. And at that time, you can ship your FPGA Single in for the trade in. So if you think of it that way, why would anyone want to purchase a SC Single outright right now? Just place an order for an FPGA Single and pay for a trade in order for an SC Single. Your total cost is still just the cost of an SC Single, but you should get your FPGA Single in 4-6 weeks.  And you can mine while you wait for the SC Single to be ready. Because I don't have the extra money to do so. I have 4 singles on order. I'd like to change them to 2 SC singles and pay the extra $200. |
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BFL - what about those of us who have an existing order for regular singles, and want to switch it around to the new ones? Should I put in an order and just not pay for it? Or...?
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Asic will destroy bitcoin. Watch.
It will no longer be something that the regular Joe can participate in.
Thanks BFL.
Because... why? Does the regular Joe not have $150 to spend? |
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Have any power estimates been released?
I'm specifically interested in the expected wattage of the SC Singles, as I'm currently changing the layout of my wiring and would hate to be left with sparsely filled racks if I've underestimated the power required.
Jalepeno's will be 2-3 watts. Considering it mines at 3.5 GH/s, you have about 0.75 watt per GH/s. 40 GH/s for a single means it should consume around 30 watts. 1TH/s for a minirig should consume around 750 watts. Just guessing. |
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We've been working with Bit-Pay for a BTC exclusive order form. This is meant to both promote the good services of Bit-Pay and give dedicated miners a bit of an advantage in getting in position. We'll have that posted later tonight. Alternate payment methods of Dwolla and BankWire will come shortly thereafter.
Please help... We're respectful of the significance of order position, but we can't think of any good way to organize it other than opening it up to orders and letting it go as it may.
Another alternative is to go odd / even. Odd being consecutive down the priority list and even being a random selection from orders that month.
Any thoughts on this?
One thought. It's kinda cool that you asked for such feedback. To address the issue: # Since BFL will allow trade-ins to remain in miners possession (for mining) upto the time the ASIC products are ready to ship, there shouldn't be any complaints. There's no reason to penalize the people that did not buy BFL stuff simply because they were reasonably skeptical of this new company. And it's not like the ASIC hardware will saturate the network by the end of the year. # Randomizing deliveries per month doesn't seem the right path. People like orderliness more than randomness when they have to wait. What would you prefer, knowing for sure your plane will be late or knowing it has a 50/50 chance of being late? My opinion is it is simple & reasonable to do first-come first-serve on the orders. No drama should neccessarily develop - imo. ||bit The difference between receiving a few SC Singles a week before everyone else could equate to thousands of dollars. The difference in receiving a 1TH/s machine, tens of thousands. And the network will be saturated very quickly, considering it would only take 12 of the 1TH/s minirigs to double the difficulty. That's why people are clamoring to be the first in line. I am too.  If they open pre-orders, they should do so at a set date and time. I don't want to miss out just because I'm sleeping in my timezone while other people are awake. |
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Wow, $90 for that? Wouldn't you be better off picking up a decent 850W PS on sale than running that in one of your drive bays?
I'll bet you would be hard pressed to find a PSU for that old of a PC that has the correct 24 pin mobo connector or enough wattage.An aftermarket PSU dosen't just plug & play when they are IBM,Dell,Compaq,etc,in most instances Uh, yeah they do. Most good PSU's have the last 4 pins of a 24-pin disconnectable, to be compatible with any of the older motherboards as well as the newer ones. |
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So, you're going to raise $300k worth of Bitcoins via GLBSE, use $10k-$15k of it to pay off the backtaxes, and then put the rest in a variety of investments?
What's to stop you from simply running away with the $300k? Will you title the house in the name of all the investors? Or in the name of a business that has the names of the investors?
If I, as an investor, invest $10,000 worth of Bitcoin into your house, how much of a share in your house does that buy me? How much is the house worth?
Why not just raise a smaller amount of capital to pay off the backtaxes and sell it for a small share of the house?
What happens if the shareholders want to sell your house? What happens if you don't want to sell, and never do sell?
If your house is worth $300k, but it is all paid off, and $300k is the amount of capital you are raising, then all shares together are immediately worth $285k + $300k = $585k?
You make very good points however I believe the IPO can be balanced to allow me control of the property while also making us all profit (51/49% split?). I would pay the taxes and expense from my share of the dividends. It may be prudent to sell off batches or even as you say just an amount that would cover the back taxes and a little for fees etc. according to how successful this offering is while allowing us all to get our feet wet. The idea is exactly the same as a home owner looking for a home equity line of credit but it suddenly occurred to me that I could do the same with out all the ridiculous interest being paid to the banks. Instead of wasted interest a fairly large investment would now appear and support the exact people I want to support against the banks. Trust of course is an issue, I can say for my part I will try hard to mitigate that with pictures of the house and deeds etc. But suffice it to say I also want some of those dividends and I don't want them to stop. So you will retain control of the property and the investments. Assuming the house is worth $300k, then raising $300k of capital and paying off $15k of back taxes (and giving yourself a 51% equivalent of 300,000 * 51 / 49 = 312,245 shares) would make each dollar of shares immediately worth $0.9555. The shares would, in this case, effectively devalue by 4.5% as soon as they are purchased. Of course, if the house is worth more or less than $300k, then it changes said calculation. That's why current house value is important to know... Again, how much is the property worth? What is the street address? |
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PAY IT BIG This is a relatively simple game, with the potentially for a very large payout to the winner. It has a bit of a penny-auction vibe to it. The rules:- The largest single bet (or payment) made and confirmed to the game address by the time that the game-ending block is mined wins all of the funds sent to the game address. The winnings will be sent back to the same address that the bet was made from. - The game ending block is block number 186,500, which will likely be mined around 4.9 days from now, or around 8:00 PM PST. - Bets are not cumulative. A bet of 10 BTC with another bet of 100 BTC does not equate a bet of 110 BTC, even if the bets come from the same address. - No fees (I am doing this just for fun). I expect that most bets will be made near the end of the game, but I could be wrong. I started it off with a 0.1 BTC bet though! Good luck! Game address: 1D6mfWsHMSynTaZYWheenE5x9cZitPbJQ4 |
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Ok BFL i just have one question! What can be done to future costumers in Europe? I really dont want to pay one third of the price in taxes. Please do something about this!
Move to a non-socialist country. |
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So, you're going to raise $300k worth of Bitcoins via GLBSE, use $10k-$15k of it to pay off the backtaxes, and then put the rest in a variety of investments?
What's to stop you from simply running away with the $300k? Will you title the house in the name of all the investors? Or in the name of a business that has the names of the investors?
If I, as an investor, invest $10,000 worth of Bitcoin into your house, how much of a share in your house does that buy me? How much is the house worth?
Why not just raise a smaller amount of capital to pay off the backtaxes and sell it for a small share of the house?
What happens if the shareholders want to sell your house? What happens if you don't want to sell, and never do sell?
If your house is worth $300k, but it is all paid off, and $300k is the amount of capital you are raising, then all shares together are immediately worth $285k + $300k = $585k?
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Just brought it up with Scott at http://www.barcodeart.com/store/customizable/index.html - he said he hasn't gotten any bitcoin: QR code button or tattoo orders yet and would check out Bitcoin (I linked him to this forum). Hopefully we can make it worth his while to accept BTC for BTC products! Haha, this is hilarious right next to the hand tattoo: "And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name" (Revelations 13:16-17)." |
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Almost reaching the June 2011 network hashrate high...
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I mine at bitminter, and am very happy there. |
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Satoshi Nakamoto, handsome, clever, and rich, with an unknown home and happy hashes, seemed to demolish some of the best shortcomings of Fiat; and had lived over nine-thousand years in the Internets with very little to distress or nuke Blueseed.
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Back in the hype-days of 2011 a friend urged me to sell my coins (this was when we were just about passing $3, around easter or so). I said: "no, I'll hold them for a very long time and only sell if I really have to". He said: "uhm, there must be some price at which even you will sell". I answered: "ok, true. I might sell some when the price hits one bar of gold".
I had in mind a 'bar of gold' as you'd see in a James Bond movie. A "Good Delivery" gold bar should be around 380 oz = 11.8 kg of gold.
Assuming 250,000 tons of gold exist aboveground and can be mined in the next 30 years that would amount to 250,000,000 kg / 12.5 kg/bar = 21,154,000 bars of gold.
Assuming gold and bitcoin turn out to be equal contenders, then:
21,000,000 BTC = 21,154,000 bars of gold
so
1 BTC = 0.99 bars of gold
So it seems I'll never sell my stash of bitcoins.
Your calculation is a bit off there... 1 BTC = 1.01 bars of gold. |
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Satoshi Nakamoto, handsome, clever, and rich, with an unknown home and happy hashes, seemed to demolish some of the best blessings of Bitcoin; and had lived over nine-thousand years in the Internets with very little to distress or nuke Blueseed.
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I think first come, first serve should be the method of madness. However, anyone who currently has a prior-gen single on order and wants to upgrade the order to SC should be shipped to first. Seems only fair, since they put down the money earlier.
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Rally!!!
Crash!!!
OMG its all true! We are doomed! Pull the trigger already naima to put you out of that madness!!
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