Actually you could buy wafers etched and doped.

What you need is design for the IC and layout for the PCB as well as very expensive equipment to manufacture, assemble and test those.

BTW: The whole manufacture is a "clean" process which means that you have to buy a clean room, which might cost up from 1000$ upto 10000$ per square meter. You need air purifiers, protective suits and adequate cooling and ventilation because one grain of dust could ruin a 1000$ wafer.

That's why.

 

Good thing that they send you an email when you withdraw from your acct.

Update 12.04.2013 - 17:19 - Sofia Time: Pulled back to 1.5361.
If it closes above 1.5350 it looks like a huge buy opportunity for monday.

Next week I think it will go as high up as 1.5450 - 1.5500 with a pullback to 1.5420.

If it breaks 1.5500 next week it means that it could go as high as 1.5700, even 1.6000.

It will definately go up to 1.63 in the next 4 - 5 weeks. And 1.66 - 1.67 in the next 2 months.

Are there still NVC to give? If there are - thanks! 

4bQ2aBW75te7XJfxkcg1MLoNp3UqgyVxQN

I did not get one thing. Do you intend to buy 1 card for each user or what? Because I don't think you will have enough power supply in your home for more than 30 users per say if your installation is 10KWh.

And I don't get the whole you keeping the card thing.

I mean you get money from others to buy a card for yourself. Then charge for electricity and profit.

However, if a user don't use you anymore you get the card for free? Without covering at least 50% of it?

It sounds like a great deal - for you.

Well imagine the following.

You said you know a little about chips. However, you decide to build an ASIC, and you figure something in your head, register a company, domain, website, etc.

And you start collecting money, based on an idea. And lots of it.

But when you get the money, you start to want more. And you increase the price of something that no one has actually ever seen. No one knows if it exists.

And call me Nostradamus, but I predict that they will not ship by next week. In fact I think they won't ship at all!

You can only imagine how much time would it take for these jokers to write the technical documentation.

Let's say there is some really small chance that they will ship. What if it breaks?
It took them months to create, then it will take them several more months to "repair".

I bet they did not think of that either.

If a big semiconductor company, or at least a semiconductor company lead by specialists, who had previously developped some system was making those ASIC miners they would be selling very cheap, very fast. Why? Demand, and BTC price stabilizing somewhere in the 5 - 15$ range.

However, BFL never had a concept before, never had a layout before, never had experience before. What they did was buying a domain, creating a stylish website and advertising on google. The rest is history.

OK then. I agree to some point. However, they could have outsourced the firmware to another company, while they're working on the hardware.

I think they relied solely on other people's money with no self involvement.

Even banks request a person to invest 10% of the amount if a credit is taken.

Otherwise how could you prove that you're capable of doing what you're doing?

They took 28 million dollars - more than enough to manufacture everything on time.

They're just, greedy, lazy and stupid.

As I said - money are spent on bullshit. A videocard gpu costs 15$ off the assembly line.

An Asic chip could not be more than that. All the effort and materials used could add up to... say 300$ for the 50GHs TOPS.

And they are pre-"selling it" for 2499.

It's a Scam with a capital S. It means that they did not buy equipment with the money, and they are trying to keep as much as possible for them and manufacture the hardware and software by themselves. Which obviously is impossible.

By todays prices of BITMIT my pc is 18.519 BTC (= 2,345.43 BGN) ~ 1100$.

Update 11.04.2013 - 23:34 - Sofia Time: Closing price is 1.5385.

This is a good sign. Means that market remains above 1.5350 for the daily close and this is going to attract buyers.

Tomorrow a slight pullback is expected. If it doesn't happen until 12:00 GMT, then it could spike again with another 30 - 40 pips.

That was before I knew that one could link a price to USD.

So shut it. It's now ~1200$ in BTC, don't know how much exactly.

Because of that I'd advise people, if they decide to buy these "products" to pay with a credit card (not debit card). Because of the chargeback option.

Your bank will never deny the chargeback and they will back you up in 99% of the cases, especially if you've waited for months and they give you lousy excuses.

I did not think it was a scam until recently, when I checked their website and they have actually increased the price of their "PRODUCT"  

What exactly are they selling? I don't know. And probably most of you won't know, or at least won't know soon.

But it is a proven fact, that if you increase the price of something that doesn't exist, it's probably a pyramid scheme. Why would they increase a Pre-Order price? Because they know their "customers" have coins and coins have increased in value.

As far as I know until now only Avalon have shipped ASIC products, and with great delays - several months.

The only option to be able to go and buy a BTC device is if the major semiconductor companies, who know how it's done, pick it up.

However I do not think banks would appreciate that.

And I do think that they are not able to produce the ASIC miners fast, because of the following simple reasons:

1. Greed - instead of buying equipment and hire people capable of making the process faster, I bet most ot them CEOs bought houses and cars and expensive accessories for their girlfriends/wives/husbands (most of them are gay I assume  ).

2. Laziness - How hard it is to organize a manufacture if you have 10s of millions of dollars of preorders? Well sapphiretech one of the major graphics card manufacturer started with 5 million and outsourced. And they are one of the most famous brands for graphic cards right now.
Why - because they know how to organize their work. But they work and think all day.

And all ASIC "manufacturers" pick their noses all day. Most of them perhaps have never worked a day in their life, which explains their inadequacy.

Let me tell you something else - once they have the layout for the chips (semiconductors) and PCBs there is nothing else to it. They just have to produce massive quantities and assemble them. Testing could be done automatically - the same way processors, videocards and RAM memories are tested. And they are manufactured in the hundreds of millions a year.

3. Stupidity - A smart man once said that the difference between the idiot and the smart person is that the idiot is always proud and happy with himself.

I mean how stupid one has to be in order not to do anything in a situation like this.

Its obvious that they don't work on the miners. They could at least have went away and stopped lying to people.

Their intentions might have been good, however as another smart man once said "The road to hell is paved with good intentions".

And another thing - you have to be very stupid if you received massive amounts of money in a short time frame and you see that your company doesn't do what it is supposed to, and yet not speed it up.

I bet 90% of your money have gone for Porsches, and BMWs and Mercedeses and all kind of crap, but semiconductor assembly lines - which HAD to be purchased.

If they had those they could produce 1000 of these things a day. Not 8 months for like 180 of them.

And only one "company" has actually achieved that.

I wish all who ordered luck, but If I were you I'd get my money back while I still can.

First of all 134 is not eternity. And second, look at the term STRAIGHT.

I did not say it would not increase in value. I said that it will not increase in value one way. Today it fell by almost 50%. So in FACT I am right!

Exactly what I said. It is going to fall soon. When supply and demand rises, volatility rises too. Like the gold market. The deal was to buy it when it was cheap. When everyone started to buy it it was a signal to start selling. And the majority of people lost money.

A few made a fortune though.

Update 11.04.2013 - 14:57- Sofia Time: - Price is now 1.5404 - already 54 pips up. That's 540$.

PS: I trade with 1:500 leverage. So a standard lot would require 200GBP ~ 266$ to open the position and another 2000$ (~900%) for liquidity.

But not directly. And it will not be soon when payments will be paid with actual physical as well as electronic bitcoins. States worldwide will never accept them. It's a national currency suicide.

Since bitcoin is a decentralized currency, there are no real payment processors.

Centralized currency processors are backed up by banks, banks by central banks and insurance companies, insurance companies by reinsurance companies.

Who are they? And payment processors are used for electronic currency - debit, credit cards, e-cheques etc.