How much would you pay for one of those 10GH/s ASICS?

[pmorici]

Is it possible to bid in that thread even though I have "newbie" status on this forum?  I'm new to the forum but not new to BitCoin in general.

[mrm0]

Is it possible to bid in that thread even though I have "newbie" status on this forum?  I'm new to the forum but not new to BitCoin in general.

You might try to ask for earlier release from 'newbie jail'. There is a thread just for this purpose.

[pmorici]

Thanks, I'll give that a try.  the this is the thread if anyone else is interested...

https://bitcointalk.org/index.php?topic=15911.0

Apparently the normal way to get out of newbie status is to make 5 posts and be online for at least 4 hours. 

If you don't already have bitcoin to bid with best of luck it was a slow and painful process to get setup on Mt.Gox for me, not sure if any of the other exchanges are better.  You might be able to get some in under 24 hours using bit instant w/ mtgox but you are going to pay some hefty transaction fees.  Dwolla seems to be the best way as you can move $5k at a time into or out of Mt.Gox for only 25 cents.  The down side is you need to send a photo copy of your drivers license and a copy of a current utility bill to Mt.Gox in order to verify your identity.  That process takes 10 to 20 days and then it takes another 3-4 days to make the actual transfer.

[EviLMask]

Is it possible to bid in that thread even though I have "newbie" status on this forum?  I'm new to the forum but not new to BitCoin in general.

You could also directly contact the person running the auction and ask him to place a bid for you.

[wanghaoqd]

gonna check it out

[mittbitterson]

If they were still around 20, I'd be very tempted to ask for early release from "Newbie Jail" so I could put in a bid.  At 30+...  that's getting out of my comfort zone. 

[eightythree]

mining on simple gpu's wont be worth it soon!

[shori]

If the numbers on http://organofcorti.blogspot.com/2013/04/914-asic-earnings-23-april-2013.html are somewhat correct, one blade would (assuming optimistically at 12GH/s and delivery on 5/11) have generated around 18BTC at the end of july. From then on, it would generate 0.1BTC a day in a hypothetical world where the difficulty would stop rising.

Basically, I'd say that any bid over 20BTC is quite a gamble, unless of course you have good reason to doubt the predictions above.

I agree, assumptions on that blog are quite realistic and buying at the current price might just never return the value. Let's face it, we are too late for this 

[Toschi]

30LTC and I will mining some Feathercoins

[randombob]

If they were still around 20, I'd be very tempted to ask for early release from "Newbie Jail" so I could put in a bid.  At 30+...  that's getting out of my comfort zone. 

I asked for an out when they were around 20, but I agree, at more than 30 it's too risky for me. It could still be very profitable, but too much of a gamble.

[squish]

Delivery was very quick for the first batch, so this might make sense for 50 bitcoins...  Lets face it, BFL aren't shipping quantity any time soon.

Not that
a) I can bid, because I'm a newbie
b) I can buy any bitcoins, because I'm in the UK

squish

[Stevenrm87]

35 max

[Ajay]

Delivery was very quick for the first batch, so this might make sense for 50 bitcoins...  Lets face it, BFL aren't shipping quantity any time soon.

Not that
a) I can bid, because I'm a newbie
b) I can buy any bitcoins, because I'm in the UK

squish

If you need to buy BTC in the UK try Bitbargain.co.uk

[treiq]

I wouldn't pay anything, as when they arrive all hell will break lose. In that case i would rather just buy more GFX cards and mine LTC, which is what everyone else is going to do aswell.

So i'm going to metagame you all and start mining FTC and become the new fontas.

[kou5oku]

hmm below 50 id say

[puexam]

Well, now its heading towards 40, we'll see in few hours