As with anything. Risk is definitely taken into account at the current price I think.
.............. Of course, if Bitfury comes back tomorrow and says "Sorry, we messed up and the chips don't work" then the current price, or any price, is a complete loss. .. Not a complete loss because the chip order is insured. If the chips fail to meet the expected performance the manufacturer will provide the mine
with additional boards to achieve the expected hashrate of 100TH/s (or 0.2GH/s per
raised 1USD). If the chips fail to achieve the expected power efficiency the manufacturer
will renegotiate the management deal with the hosting data center and compensate the
100TH-mine project for the losses. If the chips fail completely a substantial delay in
mining will occur. The manufacturer will undertake an effort to reimburse the investors
not only for the invested capital but also for the lost income up to the level of 10 USD per
invested 5 USD |
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If BFL is being stalled or overtaken by a CIA black-op I don't think we'll see many of them in jail (if alive).
(food for thought)
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What ? You have ONE share ? Really ?
1@2.4
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50 BTC for a $733 order? Hah.
How many BTC do you think he paid to get this early in the queue ? I guess ~80 |
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I really enjoy the Android Widget but it seems to freeze every day or so.
It could also be a bit smaller, a 4x4 area is needed for just one stock.
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Personally I am holding ~10% in litecoin until SHA2 hash-rate for a 50%+ attack is beyond the reach of a small corporation. Will reconsider my position at ~1500 Ths.
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Sorry, but how is this an auction ?
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...i hopefully dont need to tell you how rare or sought after these coins are....
One day later, Apparently they aren't... |
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Had this bookmarked since December  How is this a forum ? Separating the "Oh brought 1 share at X" and ",,, think price will go to Y" from actual discussion, I don't think I'm asking much. And yes, me too receive alarms every-time Friedcat farts. |
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This thread has slowly turned into a speculator troll box.
I hope Friedcat does something about it, like having an AM website / forum !!!
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I'll pledge 20 PPC for the first 20
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Nice, I guess next it's up to Sunny to vouch for it. |
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I support this initiative.
Will donate 100% of my owed 2.38 BTC for justice to be served.
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I think it's time PPC get it's own forum.
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WTF ?, I started mining FTC when it was released with windows binaries. I mined 20 000 in less than an evening and that was it.
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ASICMINER will have it's 264THS before BFL ship 50 jalapenos.
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You can also make a double spend with 1% of hashrate if you are really lucky,
It has never really been 51%,
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From the Wired article, one of the BFL units produces a Bitcoin every 6 days (less than that but let's be pessimistic here to illustrate a point).
The current price of a Bitcoin is around $114 currently. Let's say it's $100 to take into account any minor selloffs.
At a cost of $245 per unit, BFL could be mining their way into profit after 15 days. In the first month they would have made $250 of profit and in the second month $500.
I can't think of a reason why anyone selling these things would actually do so.
I realise this has probably been mentioned in one of the 'BFL are scammers' threads but I'm wondering if anyone else feels that by simple economics, these companies shouldn't exist because it would be far more profitable for them to mine Bitcoin instead.
Before anyone things I'm targeting a specific manufacturer, I'm not. I'm just using BFL as an example as the Wired article provides numbers that I can work off.
UPFRONT COSTS !!! |
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I would place a bid , I'm just not trusting BTER with my coins.
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