You notice as usual, he only addressed the profitability of a jalapeno till 900 million, and not the shipping out of turn to prevent chargebacks. He comments on the small errors/ inconsequential inaccuracies which is just semantics with respect to the big picture and disappears in his troll cave with respect to the big stuff.
What is absolutely hilarious is that the Monarch is DOA, as they will not ship this year and their rivals will for a lot cheaper. BFL's days are really numbered from a business perspective, as it makes no financial sense to order from them with so much competition.
That's SOP for Josh |
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Here is some free advice Josh,
Instead of coding chip vouchers, classified sections to transfer orders here is something you can work on for something I like to call increased (or in your case an attempt to salvage..) customer satisfaction.
Create a mining pool for BFL customers who are still waiting for their hardware,
load it with wallet addresses that we each put into our user profile.
Put everyone in the pool.
Burn in all the BFL gear to that pool, so we can split the earnings,
and while you are at it, throw 10 Mini-Rigs into the pool as a show of good faith.
When you ship our orders leave us in the pool until you have really cleared the backlog.
What would that cost you? Bigger question what would that gain you?
These are the things us real world C Suite people do.
Hmmmm Josh???  I should have put the crickets in the original posts to save time. |
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Here is some free advice Josh,
Instead of coding chip vouchers, classified sections to transfer orders here is something you can work on for something I like to call increased (or in your case an attempt to salvage..) customer satisfaction.
Create a mining pool for BFL customers who are still waiting for their hardware,
load it with wallet addresses that we each put into our user profile.
Put everyone in the pool.
Burn in all the BFL gear to that pool, so we can split the earnings,
and while you are at it, throw 10 Mini-Rigs into the pool as a show of good faith.
When you ship our orders leave us in the pool until you have really cleared the backlog.
What would that cost you? Bigger question what would that gain you?
These are the things us real world C Suite people do.
Hmmmm Josh??? |
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Here is some free advice Josh,
Instead of coding chip vouchers, classified sections to transfer orders here is something you can work on for something I like to call increased (or in your case an attempt to salvage..) customer satisfaction.
Create a mining pool for BFL customers who are still waiting for their hardware,
load it with wallet addresses that we each put into our user profile.
Put everyone in the pool.
Burn in all the BFL gear to that pool, so we can split the earnings,
and while you are at it, throw 10 Mini-Rigs into the pool as a show of good faith.
When you ship our orders leave us in the pool until you have really cleared the backlog.
What would that cost you? Bigger question what would that gain you?
These are the things us real world C Suite people do.
Actually sounds like a novel idea... Thanks, I get that a lot. |
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Here is some free advice Josh,
Instead of coding chip vouchers, classified sections to transfer orders here is something you can work on for something I like to call increased (or in your case an attempt to salvage..) customer satisfaction.
Create a mining pool for BFL customers who are still waiting for their hardware,
load it with wallet addresses that we each put into our user profile.
Put everyone in the pool.
Burn in all the BFL gear to that pool, so we can split the earnings,
and while you are at it, throw 10 Mini-Rigs into the pool as a show of good faith.
When you ship our orders leave us in the pool until you have really cleared the backlog.
What would that cost you? Bigger question what would that gain you?
These are the things us real world C Suite people do.
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Oh one last question,
On what day will you concede that you won't clear the backlog (April 30th in Josh-speak) by the end of September?
You could always move the goal posts again, Maybe Jan 1st, 2013?
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All BFL products delivered after today will never reach break even. Josh will say, Well BTC will be up to $225 by then and you will have made money! Or maybe not. Syke says no BFL products delivered after today will reach break even. I think that's going to be the problem with any hardware. It was ordained when a proof of work which lent itself to massively parallel processing was written into the specs of bitcoin: it produces a situation with no equilibrium. The only way an equilibrium could be established is if there were to evolve a handful of colluding or clearly cross-signaling entities dominating the network, each with large network shares, who would respect each others' network shares and drive any non-cartel shares to below net-revenue zero. Otherwise, the only way to increase revenue is to bring more hash power on line, and the dog begins to chase its tail, circling faster and faster. That way, too, small miners become collateral damage at an increasing rate. And somehow it is BFL's fault... at least according to people like Joe. Josh nothing is your fault. Failure of the initial design - Not Your Fault Failure to ship in Feb. - Not Your Fault Failure to ship in March, April - Not Your Fault Chip supply chain problems - Not Your Fault Power supply supply chain problems - Not Your Fault Mini-Rig Design problems - Not Your Fault Customer Service problems - Not Your Fault Compliance with FTC law regarding refunds - Not Your Fault Your investors crucifying you any way possible - Not Your Fault MAYBE, MAYBE 15% of your investors are making a real fuss, your inability to shut them up - Not Your Fault Send me a PM if you'd like some tips. Money must be INCREDIBLY tight for you to not be able to afford to make your customers happy. |
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For anyone with half a brain and second grade math skills, though, all BFL products are profitable to 900+ million difficulty at .15c KW/h @ $120/BTC. If the price of BTC is above $120, it's profitable even higher. Yes, at 900 million difficulty, profit margins would be ridiculously thin, but it's still within the profitability threshold that Loredo is trying to convince people is happening at 1/9th of the actual difficulty level (and remember, that's at $120/BTC).
If all you have is second grade math skills you might think ridiculously thin margins are acceptable. We'll be reaching 900 million difficulty in about 6 months, by which point the Jaly will be running not only at a loss, but will not have reached a positive ROI. All BFL products delivered after today will never reach break even. http://mining.thegenesisblock.com/a/c63ab1d40aI know, for my part, I would not want a device that runs at 200w at 60 GH/s - it would never see a positive ROI.
Now you're talking!!! Josh will say, Well BTC will be up to $225 by then and you will have made money! |
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I pull the trigger on this shortly. Gave them their deadline. |
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Don't mind him, his idea of profitability can be a negative ROI.
Most people wouldn't consider 1 or 2...or yes even 3 dollars a day to be profitable. They could probably go to a store pick up any pack of menthols and sell them on a street corner for 25cents a piece. Only then would they gather the quarters to get some clues and some common sense.
If at 100mil it is showing only 3 dollars a day in profitability...well...then it is no longer profitable. Period.
Edit: I mean sure, you could give your kids some lunch money at that point, but then you wouldn't have any profit to speak of...
If its $3 a day, that's only for 10 days, then diff changes again and now its $2 a day, then another 10 days and its $1 a day. Just remember you paid $274 for it. In Josh's head if you get to $274.01 in 3 years. You are profitable and his conscience is clear. |
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BCP, you are harshing the FUD and misinformation mellow that people like Loredo like to comfort themselves with.
For anyone with half a brain and second grade math skills, though, all BFL products are profitable to 900+ million difficulty at .15c KW/h @ $120/BTC. If the price of BTC is above $120, it's profitable even higher. Yes, at 900 million difficulty, profit margins would be ridiculously thin, but it's still within the profitability threshold that Loredo is trying to convince people is happening at 1/9th of the actual difficulty level (and remember, that's at $120/BTC).
Profitability clock does not start until the Postman delivers. That is what the majority of your customers are waiting for. Want to change the date again? July 7th
April 30thWhat's next? |
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Guys sorry, I have tried not to stick my nose in here, but please explain why those of you who want refunds have not started the process with Paypal?
I guess most of us who want refund where not using Paypal .... I payed in BTC so Paypal does not apply ... Also, I believe that any of the early terrahash orders are out of paypal policy now... 45 days iir. It's never too late. Taking pre-Orders is a violation of PP TOS. Also when you speak to someone on the phone if you say: "If you look at this merchants account it will be very clear to you that I am not the first one that has had this problem...." Worked for me waaaaaay past 45 days. |
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Not that anyone cares but.....Fridays shipping updates
Jalapenos 4.5 and 5 gh/s: Feb 19, 2013 (5 days of shipping)
Little Singles 30 and 25 gh/s: Nov. 6, 2012 (Still on 11/6)
Singles 60 and 50 gh/s: Aug 30, 2012 pay date ( 6 days of shipping)
MiniRigs: August 15 (1st 500 g/s units), July 20 orders (2nd 500 gh/s) and
June 27 orders (3rd 500 gh/s unit)
We moved a lot of MiniRig orders this week by putting the boards in Singles cases instead of the MiniRig case for customers who have opted for this configuration. MiniRigs take longer to build than an equal number of Singles with the same boards. This is a lot of days of Mini-Rigs shipped in Single form. Now if they could ship that volume of Singles boards to Singles customers.
16 days and hundreds of days of orders to go.
They now have to ship 20+ days of orders every day. By the end of Next week they will have to ship a month and a half of orders every day.
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Guys sorry, I have tried not to stick my nose in here, but please explain why those of you who want refunds have not started the process with Paypal?
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20BTC
You bid on like 30 sales in the last 24 hours do you actually ever pay anyone for anything? I'll offer BTC11.5 when this guys offer falls through |
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Wow a Jala has 2 - 4Gh chips inside and you managed to get more than the physical limit.
Amazing!
my jalas were hashing at 8.7 Gh/s, lucko from BFL contamination board has some firmware hack for that, I met him in Ljubljana (the capital of Slovenia) and he did all the jalas and for free, BTW a real great guy.  the one that had only 8 Gh/s had a bad chip which had only 13 working engine as lucko explain to me. but I went from 15 Gh/s to 25Gh/s, I just wished I could do that when i got them right away.... Very cool!! |
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Looks like about $49 a GH on average.
Buying Bitfury at $20 per GH
KNC at $15 a GH
I'll offer BTC11 per single.
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i will offer 34b
best offer is 38 BTC time is monery. Then sell it for BTC38 to whoever gave you that offer. |
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