Offered $400 worth of bitcoin at day of shipping escrowed for 5 Ghs model. Made a deal, but would not reserve it for me until I paid and would sell to someone else if they paid before me. But my offer holds.
Please feel free to let me know when order is ready and we can begin escrow service.
Thanks
Something is not right. Why would ANYONE take $400 for an early order once the items are shipping? Maybe cash in pocket now, but not money only if they ship, when they ship. |
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They are computer expansion cards, nothing more. Bitcoin mining capabilities and other people's valuations aside, they are worthless in fiat money valuation, IMHO. I didn't claim they were worth much, and I would recommend that others do the same. It doesn't make sense to pay a fiat-based duty for them, they are being used for a BTC credit, not a fiat credit. If you paid in BTC, the valuation should be based in BTC at the time of purchase.
Here's how you could determine their value:
Price of BTC credit is likely to be ~3BTC (or under) at time of trade-in. Suppose the price of BTC when you purchased the Icaruses was under $5. Therefore, any amount under $15 is a worthwhile fiat valuation.
To price things in terms of fiat representation of BTC today doesn't account for BTC-based Icarus amortization. If that were the case, the Icarus would be valued at what you originally paid for the Icarus in BTC, which for some of us was several hundred BTC. That would be a value of $10,000+ today, and does not make any sense at all, especially since we never use the USD in our mining operations (or, at least, I never have). You should be putting a value based on the trade-in value of the device when it was delivered to you, which to most of us going to be well under $300 per Icarus. The inflation of the USD (and other world currencies) in terms of BTC isn't our problem, it's the government's problem.
I am not an accountant, but this is what you are expected to do over time. The Icarus device has depreciated significantly in BTC value since the time of your purchase. You should account for that.
Why all this talk of value? Maybe it is different for people outside of the USA, but trade ins are not duty taxed if they came from the company that is receiving them. Neither are returns for repair. |
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I got a feeling if they keep shipping in those boxes some of them will get stolen.
+1 Shh don't tell them this. They may actually figure this out. LOL Making it obvious what they are shipping, is utterly stupid. and unprofessional... it's all a farce, 8 units for 2 days of assembly... we still didn't see inside of the product, thermal imagining, chips inside their plastic cases mounted, proofs needed for the smart money to step in... Sorry, I think the demand to see thermal imaging is a little much. More finished product videos coming from known pre-orders would be best. |
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Casascius used to sell them for a 50% markup. 1.5BTC for a 1BTC coin. Half that sounds pretty good to me.
That was the singles price. The quantity 10+ price was pretty good. |
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that would make any (future) Fiat currency model a better deal in space/space station, etc... rather than the bitcoin protocol then.
Bitcoin could be used like a fiat currency on other planets with a trusted issuer creating bitcoin-backed credit. If you want to have the advantages of the real-time decentralized bitcoin network used on Earth though, you have to be on or near Earth. So far this being near earth thing works for most people. Gravity helps with this.  |
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A planet and its orbit are about the limit of how widely spread the use of a single bitcoin network can be, given it has a block time of 10 minutes, and all planets are at least 10 light minutes apart at some point in their orbit.
So lunar colonist could use bitcoin, but not martians.
So then bitcoin has no future in space exploration and will forever be locked on planet Earth. Real time bitcoin would be out. But making a payment would still be possible and confirming receipt of a payment would be possible too. Double spends would be an issue, so you would really have to wait longer or have some form of trust between parties. You could not run Satoshi Dice or any type of real time exchange from Mars on the Bitcoin blockchain. |
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Paid:
a5e388422a24fe0d6874cdff5da0d927920eb8382f6ef00609a67be79bc01798
3 cases received this morning. Everything is fine, thanks gigavps. You are very welcome.  Not making anymore ? If he is not: https://bitcointalk.org/index.php?topic=29729.0If he is, buy it from him at $150 each, the cost on making is probably near $100 and a good deal of work. |
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1uk6fi7aX5ZWqdJnj5Wr39Z6fT8p7sMoK
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Wow - I don't have a very early order but I have a preorder for 5 singles and I'd sell them for 100btc each in a heartbeat.
When is your order date? What model? |
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100 BTC is a great deal for a July order. For reference, 10 10gh/s ASICminer block erupters just sold for 75 BTC each, although I'm curious how many of them will actually pay... My 3 october orders mentioned above went for $10,995 each last month on eBay. Both buyers never paid though, and I suspect few are actually receiving any payments on their eBay sales.
Based on the block erupter price, this unit would be worth 75BTC X 6. It would take less power. While I think those prices are crazy, it does give an idea of what an ASIC can be worth. I would sell right now for 100 BTC, but it will probably not happen. Now when BFL is shipping more units I can imagine a flood of people would say they would be interested and complain that it is much more then 100 BTC at that point. That is the whole point, offloaded risk. Once the risk goes away and you know you have a device that can churn out near 100 BTC a month, you are not going to sell it for 100 BTC! |
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The Mars One project is looking to build a community on Mars in 2023. Presumably the people of Mars would not be governed by a country on Earth and as the community thrives they will need their own currency as a medium of exchange. Since Bitcoin is also not backed by governments of any country then surely this is the obvious choice of currency for the people of Mars. http://www.bbc.co.uk/news/science-environment-22146456Mar One project is so crazy that i love it. I doubt it will turn into something other than a huge database of crazy geeks. Still, i love it. Let's play: I imagine an early mars community to be strongly governed by the mission organizers in a corporativist/dictatorship style. In any case, when i learned about bitcoin i thought, "ey, these are the famous credits i've seen used on every scifi book". A non physical currency should prevail in out of Earth colonies, where storage space and material resources will be scarce while not energy. Depending on orbit, 4-20 minutes/light is the distance between Earth and Mars, that's pretty laggy. We shall need to create something like the "Solar System Monetary Network" that operates in huge timelapses. Pluto to Earth is 320 minutes/light, so we might need something that can handle that for the "Last Frontier Space Station" orbiting Pluto. Then the SSMN could be used to link the different currencies, so say, a Marscoin could be send to the Plutocoin system while the Marscoin network remains fast and local.  Currency won't be a problem for a long time. Everything would be strictly controlled just to survive. You are in a world where there is no breathable air outside, no food, no water and colder then most places on earth. If any number of things don't happen exactly right everyone dies. |
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Note: Paypal can be reversed.
Sure it can. But a physical item like a video card is usually fine. With selling BTC for paypal you can be screwed by a stolen account. It is much harder with a physical item as you need to go to the address and try to intercept the package. There are dishonest buyers but nothing like the odds you face selling BTC for paypal. |
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Do you not read? The ones you pointed out are NOT early orders. Your first one and third is December. Second and fourth not specified. Do not compare a July order with a December one. |
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Price? And details (what is/was the GH of the Single?)
GH is in the thread title.
Price, was looking for minimum 100 BTC. |
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Ordered in the first half of July, 2012.
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(FYI: We have the tech now to sustain a colony on Ceres.)
Yeah right, in your dreams. I made a statement of fact. This means it can be proven or disproven. Disprove it. It took 10 years and 0.5% of the Gross Domestic Product of the United States to get a two-man lander on the moon. There was no toilet, they taped a bag on their butt to do #2. The expertise to do that has largely retired or passed on. The US has no manned space program. I love that infographic but... The moon could be done on two or three Falcon 9H rockets at around two billion dollars, more like .000013 % of GDP or less then $7 a person. A proper space toilet has long since been invented. Most of the expertise has NOT been lost. The most commonly quoted 'impossible' item is the F1 rocket engine (the biggest single nozzle engine ever made) is lost technology yet they are working on building a simpler BETTER version right now. http://arstechnica.com/science/2013/04/new-f-1b-rocket-engine-upgrades-apollo-era-deisgn-with-1-8m-lbs-of-thrust/ |
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