It is dollar-for-dollar, Butterfly Labs said so themselves here: https://bitcointalk.org/index.php?topic=83985.0

So basically one single right now is worth four Jalepeños.

If you are a member of eclipse you can see the top miner is called burnin running at about the speed of a mini-rig. They have around 14mil shares thus far.

I thought it was $ for $ as well.

What will you do with those BTC until BFL can deliver somewhere next year?

Well, if this is true. The CEO of BFL (or the VCs who may be able to replace him) can own the network at trifling cost and there is jack shit anyone can do about it. You deluded idiots and your precious decentralization. What a fucking joke.

I can't see what you are saying Pukanula.
I ignore scammers.

DING DING DING DING! 6.60$ reached!
Next stop 6.90$! Everyone aboard!

1 burnin  14631221


thats 14mil shares..

think what ya want about it..

Send it back with RMA!!!
With that, you have not to pay import tax again ! Or i'm wrong?

They say you can't cancel Minirig orders, but that doesn't mean you aren't able to. In many jurisdictions that would go against consumer protection laws. They're usually pretty specific about being able to cancel due to non-delivery.  BFL might argue that they don't sell to consumers, but for most miners that would be a difficult proposition. Call them and tell then you want to cancel, if they tell you no tell them you'll take it up with your CC company.

You can't be serious...

There are hundreds of BFL singles in the wild

I have 6 in my basement  

This leaves me in a depressing situation.

I have Mini-Rig on order, and it looks ridiculous now that you can have 40Ghash for 1300. However as they said from begining you can't cancel MiniRig orders.
This means I have to pay 20% import tax, wait until the MiniRig makes that back, then spend money sending it back, etc.

I feel like an idiot to be honest.

What else did he say?

It's difficult to predict a lot of the future dynamics around bitcoin mining.  Regardless, ASIC appears to be the future of mining.

I've come to the conclusion that people are approaching mining with the wrong perspective.  A lot of people worry about the 51% attack on Bitcoin and ask themselves how easy is it to attack Bitcoin?  I believe this is the wrong question to ask.  What people should be asking is how easy is it to secure Bitcoin?  And the answer to this is what makes me very excited about Bitcoin's future.  Any companies investing in Bitcoin will be asking this question.  And eventually, I think governments will as well.  Theses entities will have a lot at stake and will want assurance that the network can be secured against attack.  They will invest in mining operations with 90% of their hardware sitting idle and ready to come online at a moments notice to thwart any attack.  They will negotiate with each other (or enter into treaties) regarding the amount of hashing power they apply to securing Bitcoin.  As the block reward dwindles and as the difficultly rises, it will become increasingly difficult to profit directly from mining.  Instead, these mining agreements will be about providing adequate security to the Bitcoin network to support reasonably low cost transactions to facilitate commerce while simultaneously keeping the electricity costs minimal.  

I think a lot of people might buy the $149 ASIC purely to contribute to the security of Bitcoin, without much regard for its profitability.  Companies might do the same with the $30k box, but view it more as insurance against an attack on the network.  They'll mine while it's profitable and shut down when it's not, but will always be on the ready to flip it back on if there's ever any kind of threat to the network.  Still, I think even with the difficulty rising and with increasing adoption pushing the exchange rate higher, a 25 BTC reward per block for the next 4 years is going to ensure that it's pretty profitable for a lot of people for quite a while yet.

Genjix is wrong by saying that ALL of the noise comes from scammers, obviously. A lot of real, honest users have been wronged by this incident so it's absolutely predictable that not all of them would stick to writing polite emails.

However, some people making noise might be expecting unreasonable compensation (like liquidation at whatever point in time suits them best, or stuff like that). And maybe also the odd scammer is making noise, too.

But saying all noise comes from scammers is definitely over the top, you should take that back Genjix.

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IM pretty sure both GigaVPS and Inaba would be smart enough to sell perpetual mining bonds on GBLSE. If they play their cards right, they will still make a nice profit, its the suckers buying those bonds that will be left holding the bag.

Gross margins are almost infinite; a while ago I estimated a single 130nm wafer would yield between 1 and 10 TH worth of ASIC chips. Such a wafer costs around $1000.

To answer your question; if they mine themselves, they only have to produce a few wafers to reach their maximum profitability, while not being shielded from the risks.  It makes more sense sell many more ASICs at very high (gross) profit margins. Which btw, still wouldnt prevent them from mining themselves later, it would only take a few more wafer runs to out-hash anything they sold.

THis is somewhat akin to to a dollar auction; miners can only lose.