An extremely tiny fraction.


It's like hearing your favorite restaurant is building their own website so you go and buy stock in the internet.

Simply stated, if you are just getting interested in ASICs now and you aren't willing to spend a heap of money ($15k or more), you are out of luck.

If you order now from Butterfly Labs, you'll be lucky to get something by the end of the year. There are 60k or so orders ahead of you!

Avalon is about to ship batch 2. Batch 3 is sold out and batch 4 hasn't even been announced yet.

Basically, if you order now, by the time you get your miner difficulty will be so high that it will never pay for itself.


Your only option is to go to ebay and bid on one of the avalon batch 1 miners ($30k+), one of the soon to be shipped batch 2 miners ($15k+), or take a big risk on the butterfly labs miners (shipping anywhere from 1-3 months away at least). There are a couple of butterfly labs jalapenos that have been shipped but they are only 5 GH/s and way overpriced on ebay. I'd wait for a 30 or 60 machine.

Why did you cancel your order?

I've ordered from coinabul and only had pleasant experiences with them. They are slow, but they will get you your gold.

yes, a slow and steady rise is best because people are less likely to panic sell thinking that it's a bubble.

The bitcoin ATM seems neat but whatever happened to the bitcoin debit card?!

This seems great! I'm in the process of getting some Avalon chips now so I'm definitely interested. I'll send you a donation when I get home today.

Not every who speculates on bitcoins reads this forum.

I think it will gradually go up or down but I don't expect any big changes this week. We'll probably end somewhere between 110 and 150.

Gosh, you should have just asked "how long till 1 bitcoin is $1000" then we could avoided half the posts in this thread, lol.

Its not worth it to buy it now. If you order now you will be lucky to get it by the end of the year.

There are 60,000 ahead of you and they will all be mining before you. The difficulty could shoot up to 200 million, 300, 400, 500 maybe even, and your miner may never pay for itself.

gosh, the NSA? They have so many computers and secret algorithms, I bet they could do like a billion hashes a second!

The dollar will never completely become worthless because you still have to pay your taxes in dollars.

I think that overestimate the power of these forums.

99% of bitcoin investor don't read these forums. They are completely oblivious to what is said here.

These forums are more a reflection of what is going on on the bitcoin market than an influence on it.

bitchess knows what she or he is talking about. Shorting is GOOD for bitcoin and will reduce volatility. And there is presently no easy and safe way to short bitcoins.

Explain why you disagree ManBearPig.

Shorting will help stabilize the market. Less volatility will make bitcoin more attractive to merchants and that in turn with cause bitcoin to become more valuable.

Shorting is GOOD for bitcoin.


I'm not saying I would short bitcoin. But I think others should be allowed to do so.

How are any of the bitcoin clones significantly better than bitcoin?

Most of them are exactly the same with a trivial change that is arguably better (or worse) than bitcoin. I don't see a single advantage to any altcoin over bitcoin.

Number 3 isn't really an issue. You can watch the network for the transaction and see if money is being double spent before the transaction is even written into the blockchain. This is perfectly acceptable for smaller purchases. Only for large transactions do you have to wait.

Think about it. You can go to the grocery store and get a personal check cashed and use that to buy groceries. They are taking a risk that the check won't actually bounce.

If you bounce a check you get blacklisted and that grocery will come after you and won't be able to use checks anymore.

With bitcoins you only have to worry about the rather difficult to execute double spending scam.

You forgot the fact that it is a deflationary currency.

People will always spend fiat before bitcoins because fiat will be worth less tomorrow while bitcoins will be worth more. Therefore people will hoard bitcoins and spend dollars.

This makes it less useful as an actually currency used to buy things.

You still owe sales tax even if you pay in bitcoin. No business is going to be getting away with acceptinb bitcoins and not paying taxes.

No, for many reasons. First of all it would be illegal, in the US at least, and be shut down pretty fast.

Second of all, the price people are willing to pay for miners is directly related to how much money they can make off using one. So the market will determine the miners price and the sellers will adjust their price to maximize their profits.