well no one offered asics at a good price except bfl = waiting ... so I now have a 6.2 ghs gpu farm and I am shrinking it.  I am waiting on 22GH hash from bfl. I purchased a 6gh contract from cloud hashing I also went in on a group buy of a mining rig from  bit fury.  AS OF TODAY AFTER A YEAR OF MINING i am up 3 or 4 thousand usd.  and I have the gpu farm I may get 2 or 3 k from the parts. I am done investing since 3 investments are all in the air.  my gpu farm is now making about 8 usd a day used to make over 100 at its peak. I was in the top 50 on this site for 8 months not any more.

okay made payment got a  google payments cc fraud stop which is common since it is a 700+ usd payment to a company in the UK.  I am attempting to fix it. will post back later today.

I purchased a 1 year contract. 1gh plus 5 gh = 6gh for 700usd. supposed to start paying me back this july.  in sept a boost to 7.5gh.  I will post on this to let people know it they are any good. I usd google payments with a cc so I should have a 45 day protection after that oh well.

I got a pm from cloudhasher and I decided to buy a 1 + 5 gh = 6gh contract for 700 usd. I will post more details and let you all know if he is good or bad. I paid asking price and did not get a  discount but he told me all buyers will get a  free boost to contract come this sept. not sure how long that offer is good for.

  To give  some background on me. I am a miner have been mining since aug 2012.  I am a  few coins ahead with my gpu farm, but the time has come to end my gpu farm.  I am a USA, New Jersey resident. I ALSO  have some BFL jallys on order.  I have a gpu farm. I held some Asic Miner stock sold it and have decided to plow the money back into this site and into a group buy of a bit fury  120Gh/s machine.

link to this group buy.

https://bitcointalk.org/index.php?topic=223746.msg2358139#msg2358139

  My point is yeah this could be a scam.
 yeah that group buy could be a scam.
BFL may stop shipping.  total spent on these 3  items  about 1500- 1600 usd.
 my gpu farm made me 3 or 4 grand. going to sell off the farm and use these 3 buys instead. worse comes to worse I am still ahead.

I am in the process of paying for this with google.

Update paid for it:

  I PURCHASED A 1 YEAR CONTRACT FOR 700 USD.  


 I GET 6GH NOW AND A 25% BOOST TO  7.5 GHS COME SEPT.   I will continue to update on this.

I used google payments. With a credit card. gives some protection.  

Note I just deleted a post I made that was wrong.  I went to the website  and clicked on a lifetime contract which would have been 1000 usd. I purchased a 1 year contract. for 700 usd.

 So to sum up. I got a pm that said I will get 6 gh now starts july  then a boost to 7.5 gh .. I will come back to here and let you know how this works out.  Since I used a cc I can cancel and have some protection for about 45 days.

I went to cloudhashing I would buy a contract or two.

 I may buy a 1gh + 5 gh = 6gh for 1 year july contract.

cloudhasher

I will buy a contract please send me a pm. I want to ask a question or two.

I did I counted my winnings and left the table. (I do keep an eye out to see the next play on AM's part.)

 so AM sold 1btc blade for 50btc.    and a .3btc stick for 2btc

 this was pushed into divs payout  and divs have been huge.


All I am saying is 3 income sources;

1) blade sales
2)stick sales
3)mining   

AM will not keep 1 and 2 as high as they have been.  3) is kind of fixed in BTC count 22-30% of the hash. So expect an adjustment in divs and in stock price.

mci was a stock company as countless others.


 I like AM they made money for me just because I am not on the same page as others when it comes to pricing of the gear that  they sell it does not mean that they have not made money for a lot of people.  Myself included.

 I completely agree that AM can bust a move and when they bust one I will most likely buy in again.

   For now I see them with 6000 usb sticks  not sold and no new pricing strategy.   Now I concede I am not an insider and I have 0 info on what BFL can sell in the future but they have finished all of JULY 2012 and have started on August 2012.  On May 23 they had  June 23-25  shipped. So 2 weeks later (boy do we love that 2 weeks) they are up to August of 2012.  Just remember  1x  5ghs unit at 2.5 BTC = 16 sticks at a total of 32 BTC .  AM selling sticks  at 2 BTC may have looked good to most stock owners of AM but I always stated they were overpriced. Go back and look at my posts. So to me it looks like short term thinking on the part of AM. I am not second guessing since I said this at the get go.  

  Still the sticks may not be a big problem all that matters is AM paces the hash percentage correctly 22-32% and AM does not need to sell a thing just mine away and let others do the selling of the picks and shovels so to speak.

 right leaving out a hd7790 and using a hd7970 is wrong since a 7790 is the cheapest gpu for btc mining based on hash /power / price.  


 A hd7790 is 300 hash for 80 watts at 1.1 btc  

 a hd7970 is 650 hash for 240 watts at 3.3 btc    


 at todays rates  the hd7970 makes about $1.55 a day   2 hd7790's make about $1.67 a day    and you spent 3 btc to get the hd7970 and 2 btc to get 2 hd7790's...  of course if you are short slots some will argue the hd7970 is better. in my case I sold off used hd7970's and replaced with hd7790's worked out well sell one used hd7970 and get 3 new hd7790's pretty good deal.

 

   yep and they promise to start shipping them soon. (2 weeks)  but if they offer  multiple 5ghs units to replace the little single and the single people will take them.

   I don't consider them to be a great company and I cancelled all my orders for little singles months ago  use that money to invest in AM made some good coin.  I have no complaints about AM from march 2013  to now.  they did nice by money.  I am pointing out that a 5GH/s unit for 2.5 coins is a lot cheaper then a usb stick for 2 coins  since you need 16 usb sticks to hash at the rate of 1 bfl unit.  I was pretty convinced that BFL would fail and I did cancel my larger orders in March  And in early May.  


 Once again the BFL  5GH unit is about 2GH per btc.

 The  AM 334MH unit is about 167MH per btc.   The AM blade is about 200MH per btc.   These units will stop selling very soon at those prices.  If BFL continues to ship. (big if)

  While a good amount of usb sticks sold 4000 there are 6000 not sold.  the 2BTC was always too high of a price.  When it first came out I pointed this out by comparing it to hd7790's my point was simple anyone with an empty slot in a pc was better off using hd7790 as it was 1btc for 300 hash and the stick was 333 hash for 2 BTC.  the 1 coin price difference takes more then 200 days to make up for in power savings.   A hd7790 cost 2 kwatt a day if your pc has room for it. at .25 usd a kwatt that would be .50 usd a day for power that means 240 days to be the 1 btc price difference. I purchased 8 hd7790's on APRIL  1 they hashed at 2400MH and earned  over 8btc back minus power about  7btc.  I was lucky and the first few coins earned  were high priced so my 8 cards now cost about 1btc.

  if I purchased  8 usb sticks my cost would have been 16btc I would be down  9btc.   this window is dying now since the power edge for the usb sticks will soon make them better then a hd7790.  the problem is the bfl 5gh unit crushes a usb stick and 2 bfl 5gh units bitch slap a blade. So the sales window for AM is closing at the current prices they charge.  Since no one knows ( a few do not us) what a stick or a blade really cost none of us know how low AM can price them.   So As I have been saying  AM's sales are going to drop in price or volume which means AM has to maintain its mining percentage to stay on top.  Hell for all I know AM can go to 150Th as I type and they are just going to keep at that 20-30 % level for years to come. I just do not see the equipment sales continuing to whale any more. Thus dividends will be lower. more like .02 not .038 a share. I see AM at 1.5BTC a share by Aug 1.  

But hell this is a market not real math and I am missing tons of info.  

Frankly  sitting on the sidelines and watching the show may be better then any investment at all.   I can give 5 bad points to every BTC investment today.  Your point of big hash ramp up is true.  we may go from 15 to 18 to 22 then 26     20% each jump up.  This is very likely to happen .

If true and asicminer ramps right up with it then AM will be fine. 

 So on July 1 when the network is 220Th if AM is 66TH  AM will be okay even if AM can't sell its usb sticks any more.

Or has dropped price to .5BTC for a stick and 8BTC for a Blade  of course I am saying those numbers because they would be the correct price if BFL has finally turned the corner.  Or some other developer uses a bunch of avalon chips to make a good machine at a good price.  This summer will have lots of action.   

One thing for sure gpus will end hashing  for BTC in 2013.

every day for the last 2 weeks this is less true. the real question is how much do you split  your bets

 wrong a hd7790 cost 1btc generates 300MHs  

bfl jallys have sped delivery a lot over the last 10 days  and if you order today and get one in 90 days as claimed your analysis is wrong.

frankly if you want to start in this game today there is no good item to buy.

  MY concern is over the usb sticks if 4000 have been sold for 8000 btc do we have 6000 left to sell?  What will we try to move them at 2btc A STICK.? MY next concern is how many blade have been sold? How many are left to sell and will we still try to sell them at 30 BTC a blade.  Seems to me all the sales will drop a lot and dividends will be greatly reduced very soon as BFL will have all jalapenos delivered and up to real time in 90 days. see links

http://www.coindesk.com/butterfly-labs-finally-ships-out-last-years-jalapeno-orders/

https://forums.butterflylabs.com/blogs/bfl_jody/180-wednesday-6-5-2012.html

 IF true a BFL 5gh sold for 2.5btc that  will end AM income from sales.  This means AM will need more hash and less sales or far lower prices to sell enough  To keep current dividends high.  


Or we can all hope BFL will stop shipping the jalapenos at a fast rate.

Flaw is bfl has yet to prove they can build a working single no less ship it quickly.

 As for jalapenos BFL is now up to JULY 20 of 2012. Yesterday they shipped up to July 3rd of 2012.  That is 14 days of back orders in 1 day. At this pace BFL will be caught  up to June of this year in about 25 to 30 days.  

 I ask again when BFL is selling a 5GH machine for 2.5 BTC  with a 1 week wait what is AM's counter plan. As of today AM's  blade is 30BTC for 10GH.  AM's usb stick is  60BTC for 10Gh

LINK to current Jalley status

https://forums.butterflylabs.com/content/136-wednesday-6-5-2012.html    


   I am not a BFL fan AM has been a better company so far and as I said they made some coins for me. BFL has held money for me so far.

I am asking for AM to make a hardware move . Or an announcement.  I will post BFL jally updates each day.  Obviously this may be a desperate attempt by BFL to get new orders and they may only be able to build  1000 Jallys and stall. I get that. Still needs to be monitored daily as jallys are moving out to customers.

I agree , but the worm turns.

 As I said I sold off 2 little single orders to get into AM. I now sold off my AM.  I will hold  the coins  and take a va kay from this btc world.  I will check back next weds. to post how bfl went from 102 jallys to ? jallys.

 time will tell if I spotted a turning point or made a fool of myself.  

 


 that is the exact point that everyone keeps clinging to .  I am saying stop clinging to that. I am saying look at this link


http://bfl.ptz.ro/    watch it change day by day.  then decide. 

The delivered status was frozen for what seemed like forever well it is no longer frozen.

 yes of course but the problem is BFL is more then 10X lower in price and they are really shipping the jallys.


 even if I use the blade price of 50BTC for 10Gh the jally price is  5 or  6 BTC for 10GH


 I rather be ahead of the curve and pull profit now.   

I think AM and everyone else  still believes BFL is BS .  Well fine if they are BS not fine if they are really going to ship the jallys in bulk AM needs to adjust now. 

2 jallys on may 21 now 102 jallys on june 4th means watch out and make a move do not walk around with a pair of blindfolds and earplugs.