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3 months ago the Bitcoin mining revenue wasn't a billion dollars a year. So no.
You're misunderstanding, also - it wouldn't be an Intel miner. It'd be an Intel ASIC - the actual miner (PCB, cooling solution, PSU, etc) would be assembled by other companies (or enterprising individuals), and those entities would be Intel's customers.
I know that...... we've been discussing vertical integration all along.... no need to explain the obvious. I meant Intel miners the same way we use Intel PCs, yet we all know we're referring to the chip. Did you really need this explained or were you just trying to get me down? Anyway, so according to you, if BTC price remains at these levels, it is safe to expect Intel powered miners in what? 3 months? I just don't see it. Than we get miners with "Intel Inside" stickers.  Think of the overclocking possibilities. |
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From the website "...it took a full year of planning and the addition of numerous team members to get to where we are now."
For a company that took A FULL YEAR, Innovative Mining Solutions LLC shows up nowhere on google except your website. Is this a US based LLC? If yes which state? If not, which country?
My LLC was started 30 days ago and is all over google now. Can't hide public records.
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Why do you have wires coming from the outside thru the window?
Keyboard, display, mouse, outdoor temp sensor, network cable etc... If they could only make all those wireless...oh wait. |
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I am outta here guys. It was fun.... I am selling several shares....
it is gonna go less than 0.7
LOL so much for "we will never kick the cat while it is down" eh? |
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Running 24/7 shifts is an impossibility, even if the manpower were there or the suppliers delivered on time predicated on the chips they receive, for the simple fact that there's not enough room on the dock to place 1,200 boxes daily awaiting for the four different carriers to pick them up before the entire process would start all over again.
Think outside the box. My company uses temporary storage containers from PODS and Pack-Rat in the parking lot when they need extra space. You can rent them by the month. They pickup when you are done. We run 3 shifts a day/ 6 days/wk for manufacturing because time=money and only using 33% of the day is inefficient. We do go down to 2 shifts when it gets slow. If they have supply chain issues, that would explain a lot. But that is why you have 2nd and 3rd backup options ready and waiting. Their inexperience in manufacturing is obvious. |
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Dance little monkeys, dance!
I found that racist, offensive and unprofessional. This is what BFL stands for? An image of a monkey is "racist"? WOO HOO!  Image? No. Calling someone a monkey and demanding they dance if they are from Africa? Yes. My wife is African. |
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Dance little monkeys, dance!
I found that racist, offensive and unprofessional. This is what BFL stands for? |
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Minimum order 5.
Shame that I would of liked one from the hobby miner angle.
Good luck with it all the same.
Unfortunately I don't think Kev wants to be boxing hundreds and hundreds of single units day after day... had to have an MOQ. Yes putting a $290 item that you selling into a box is such a chore.  Sure is if you are the only one doing it 1000x. That is silly. I could get 3-4 people here in the U.S. @ $8/hr each and they could probably box at least 50 per hour each. 8 hour day = 1600 orders for only $512 You can't tell me that the labor cost in Indonesia is more than here. I'm guessing you could get 10x the labor for the same price. |
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i got my erupters connected to my pi and its running just fine.  i guess i am confused as to what you are saying.?? You will never get back your roi unless you bought them super cheap roi roi ROI roi thats all ya talk about... its a hobby not a freaking business. and besides if you must know i have made roi already about daily to every other day.. paid cash for it. not bitcoin. I think the "hobby" boat sailed away about a year ago. Its now a monsterous runaway freight train fueled by greed and millions of dollars. If i wanted to mine and lose money for "hobby" purposes, I would just CPU/GPU mine. |
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I never accused you of repeating your arguments too many times.
You maybe successful with your trading, but often your logic and reasoning sounds flawed to me.
You base your decisions on market data, yet disagree with the market.
You say friedcat doesn't give enough information to shareholders, yet claim to be making informed decisions.
I think you're in a bullshit loop like the hitchhiker from There's Something About Mary
8 minute abs! Someone took a joke and made it real and is making money off it. http://www.youtube.com/watch?v=pNqrkGnkUWc |
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dogie - stop defending yourself mrb - stop rubbing it in there. happy . Oh my god let this thread die! 48 hour necro after we left it. The way to let a thread die is to simply stop posting to it. Gloating aside. I think this thread is very informational and educational for the noob miner just getting into bitcoin and it shouldn't die. |
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@candoo Sarcasm..... right?
Well he didn't answer your question. We all know you get a FREE backplane when you buy 10. We do not know if they will be available for purchase individually. |
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I would not characterize it as FC getting his lunch eaten when FC sells out of everything he ever offers. Even with populist suggestions that his products are overpriced. Such remarks lead me to believe that people think FC is losing potential profits on products he has not yet produced, which could be said for pretty much anyone else in the marketplace.
Continuously selling out of everything you produce is a sign of success, not weakness.
Avalon sold out of everything they produced. BFL sold out almost an entire year of product before shipping. And the rest of the companies with no product that have collected millions of dollars? These products would sell out if you encased them in a pile of dog shit. So for this industry, selling out has no weight. |
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For a 0.335 GH/s device to recover 0.17BTC with only a 20% diff each change ... it would take ... 190 Days ... at 1000 days it is ... 0.17936377 BTC (so pretty much never reach 0.18 BTC) If on the other hand it was 30% diff each change ... at 500 days it will have generated ... 0.11957525 BTC ... 1000 days ... 0.11957587 BTC ... so it would never reach 0.12BTC ... of course 0.5W isn't free either ... especially after 1000 days ... http://www.tradebtc.net/bitcalc.phpFor a 10GH/s device at 20% increase each change, it would take 89 days to get 4BTC at 30% increase it would ... 500 days 3.56940335 BTC ... 1000 days 3.56942180 BTC ... so never reach 3.6 BTC But the electricity is pretty relevant also ... Yes many people buying AsicMiner hardware will not get their many back ... The big question and decision point is: Where does 20 or 30% stop each difficulty increase? I don't see 30% happening for 500 days. Although I COULD be wrong here. At 30% 500 days is irrelevant since ROI maxes at around the 165 day mark (approx 3.554BTC for 10GH/s)...another 30 days more if your electricity is free. Then its a doorstop. We are talking about the current offerings. What hardware and what prices will be in 500 days is anybody's guess. |
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^^ that's some seriously tasteless shit right there. Hope you lost some money tonight.
Apprently the Chinese find them tastefull. Although fried dog is easier to find on the menu than fried cat. |
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just to quote what you said:
"(ASICMINER) have created thousands and thousands of pissed off customers that thought they were going to "print money" but got taken to the cleaners"
AM didn't tell them they were going to "print money", the customers didn't do their due diligence. Not AM's fault.
Presumably all these thousands and thousands of "pissed off" customers won't come back, and that will be the end of AM's hardware sales. Or perhaps they will sell out in days again?
I'm just struggling to understand why you are having a go at AM? They made no false promises with their products, did not guarantee or even suggest any returns, simply put a product out there that people couldn't get enough of. Nobody forced anyone to buy them. People want mining equipment now, not vaporware that may appear or may not appear.
If people can't use a ROI investment calculator then they shouldn't be in this business. Again, their responsibility, not AM's.
Again with the defensiveness?!? I never said AM told people anything. Stop reading me as an attack and perhaps you will understand. I never stated AM is responsible for the foolishness of others. I said they are taking advantage of them. This is great for the shareholders and re-sellers. Not the miners. Yes thousands but there are thousands more waiting in line to get burned (for now). I just don't think its a long term business model as the number of fools will eventually run out and then it will become a problem for AM. Unless the business plan is "take the money and run". It does not promote bitcoin in a positive way. By your logic, people still fall for Nigerian 419 scams deserve to be scammed. Before you get all defensive again. MY POINT AGAIN IS PEOPLE ARE STUPID AND FOOLS ARE BORN EVERY SECOND. Do you really expect people to use proper ROI investment calculators? Seriously? This is constructive criticism for them to contemplate, not an attack. If you don't want to listen, then I can't help you. If I were a shareholder I would be concerned about this. Cheers. |
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ASICMINER hardware has from its inception been a hardly break even, or negative expectation as far as ROI.
Why would they sell them for what they could mine with them? They should just mine with them in that case. Instead, they place the price higher than what they think they can mine with them and sell them to as many suckers as possible.
And it worked... it is truly genius!
Indeed! People look at the current calculator and say "13GH/s will net me 0.17BTC a day! This thing will pay itself off in less than 2 months!" And they never think to look at the difficulty increases and how that will effect them. Yup and the problems is they (ASICMINER) have created thousands and thousands of pissed off customers that thought they were going to "print money" but got taken to the cleaners. Trying to appease them with discounted .1 BTC USB sticks will not make up for the loss incurred. Taking advantage of the uninformed is only a poor short term business model. Most companies succeed on repeat business and word of mouth to survive in the long run. Err. excuse me. ASICMiner put out a product that sold out within 30 minutes. Whose fault is is that it sold out? THE PEOPLE BUYING IT. Perhaps the USB sticks were just too sexy to resist If you think everyone is pissed off with AM, then I guess the new blades won't sell at all .... fancy a bet on that? You must be a shareholder as you obviously didn't understand what I wrote. The only people making money are the shareholders and re-sellers, not the end user mining. Selling out does not equal customer satisfaction. A lot of noobs google bitcoin calculator and find one that doesnt add difficulty increases and they think they can make some serious cash. I never once said "everyone". Stop being so defensive. I said thousands. How many usb sticks were sold? 10,000? 20,000? There are 7+ billion people on this planet, a fool is born every second. Will they sell out? Most likely. Will customers be satisfied? Someone should start a yelp listing for ASICMINER. Don't get me wrong. I will buy if the price is right. |
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ASICMINER hardware has from its inception been a hardly break even, or negative expectation as far as ROI.
Why would they sell them for what they could mine with them? They should just mine with them in that case. Instead, they place the price higher than what they think they can mine with them and sell them to as many suckers as possible.
And it worked... it is truly genius!
Indeed! People look at the current calculator and say "13GH/s will net me 0.17BTC a day! This thing will pay itself off in less than 2 months!" And they never think to look at the difficulty increases and how that will effect them. Yup and the problems is they (ASICMINER) have created thousands and thousands of pissed off customers that thought they were going to "print money" but got taken to the cleaners. Trying to appease them with discounted .1 BTC USB sticks will not make up for the loss incurred. Taking advantage of the uninformed is only a poor short term business model. Most companies succeed on repeat business and word of mouth to survive in the long run. |
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Where in California? Do you offer local pickup at discount?
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Seems ridiculous that ASICMiner is tanking. The dividend is still roughly what's been predicted and it's still a great return for the share price.
I think now is the time to buy up things for cheap. People aren't selling because they've lost faith in everything else. They are selling because they are desperate for coins to invest in new things. The price should rebound as more money flows into the market.
People are scared about the hashrate being only 6%. This is a transition period in the hardware deployment cycle. This company has a ton of hardware to sell in coming months. Saying that ASICMINER is mining @ 6% is just wrong. The actual hashrate is higher but blockchain.info doesn't count the untagged blocks. Check my previous post for more info about that. Hmmm that's an excellent way to hide having over 50% of the network. Except when you follow the cashflow to the same wallet. |
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