Just got an email that Alpha is opening up preorders for Q3 scrypt ASICs

[hak8or]

If they need help to pay for the development perhaps they should do a kickstarter campaign to help pay for costs...

Or put themselves on an exchange like havelock or something.

[RickJamesBTC]

OP needs to redo his math.

The long, uncertain wait is the problem. BFL anyone?

Why do I need to redo my math? You can read, right? The price is listed in british pounds. In USD it is about 8900. I can build pretty close to that 25MH for that today. Maybe spend a little more, but I'm not talking 32 $500 cards, I'm talking 40-50 ~ $200 cards. A difference of a few K here and there isn't much, especially betting on completely new, untested hardware from a new, untested company. If they start shipping and reviews are good, I may buy some, of course by then all the rigs I'm building now will have spawned many more like them from coin profit, and I likely won't need them. I suppose I'd consider selling off all the old hardware and replacing it with new for the power savings, but that can wait until products ship.

[gencoinx]

another BFL company  I'm gonna stick to my gpus

not going to fall for this scam again...

[rhubear]

another BFL company  I'm gonna stick to my gpus

not going to fall for this scam again...

I'm with you (and others) on this one.  I was wondering whether to buy an R9 290x or wait for one of these asics (two companies apparently wanting to offer these).   I'm not 100% convinced about the asics offers, and as someone recently said, the longer you stick around the Crypto world, the more careful you become.... too many things can/do go wrong in this "wild west" world!

Its time for me to see how well an R9 290x mines!

As someone was saying in a scrypt asic thread, "I thought scrypt was supposed to lock the asic guys out???".   If both SHA256 & Scrypt goes the asics way, that will be a sad day for the gpu guys!!   Not looking forward to that day.  I will probably buy into a small asic if they ever surface.

[btc1210]

OP needs to redo his math.

The long, uncertain wait is the problem. BFL anyone?

Why do I need to redo my math? You can read, right? The price is listed in british pounds. In USD it is about 8900. I can build pretty close to that 25MH for that today. Maybe spend a little more, but I'm not talking 32 $500 cards, I'm talking 40-50 ~ $200 cards. A difference of a few K here and there isn't much, especially betting on completely new, untested hardware from a new, untested company. If they start shipping and reviews are good, I may buy some, of course by then all the rigs I'm building now will have spawned many more like them from coin profit, and I likely won't need them. I suppose I'd consider selling off all the old hardware and replacing it with new for the power savings, but that can wait until products ship.

WTF LOL.

'm talking 40-50 ~ $200 cards

That's $8000 to $10000 in just cards alone.

Add on (PSU, MOBO, RAM, etc) x 8-10.

Then add on the cost of power at the wall and the cost of your time building and then maintaining all these rigs.

25MH for ~$9000 is an amazing deal.

The problem is the wait time and uncertainty of delivery. You don't know if something better/less expensive will come out before your product arrives.

[dogeball]

Interesting, maybe time to grab some litecoins before the Q3 difficulty jump.

[MisO69]

I can make 25 MH right now with ~50 R9-270x cards. In fact, I am on the way there. Power is under 200w per card, but I'd rather pay a power bill than let someone else hold onto my money for 6-9 months.

Just think of how many coins you can mine with 25Mh over the course of 6-9months+delays. Just think of the value of those coins if you held them for that long.

[nastybit]

People already learned the hard lesson with BFL, not many are willing to give any money to those stupid companies.
And this stupid refund policies? These guys are crazy if they think they can do it.
I guess it's against any consumer protection law in any western country.

[CarbonAssassin]

The main problem with this is that we have no idea what the environment is going to be like in 9 months time... What if there are so many people hashing due to it becoming more accessible to the public that your new shiny expensive miner will take forever to pay itself off.... New laws could trash the price of bitcoin leaving many of the alts not worth mining. The bitcoin and altcoin scene is very fickle and to make a investment that wont pay anything for another 9 months seems kinda silly. Especially if everything goes to crap at 8 months in and you only get 50% of your deposit back :/

[RickJamesBTC]

OP needs to redo his math.

The long, uncertain wait is the problem. BFL anyone?

Why do I need to redo my math? You can read, right? The price is listed in british pounds. In USD it is about 8900. I can build pretty close to that 25MH for that today. Maybe spend a little more, but I'm not talking 32 $500 cards, I'm talking 40-50 ~ $200 cards. A difference of a few K here and there isn't much, especially betting on completely new, untested hardware from a new, untested company. If they start shipping and reviews are good, I may buy some, of course by then all the rigs I'm building now will have spawned many more like them from coin profit, and I likely won't need them. I suppose I'd consider selling off all the old hardware and replacing it with new for the power savings, but that can wait until products ship.

WTF LOL.

'm talking 40-50 ~ $200 cards

That's $8000 to $10000 in just cards alone.

Add on (PSU, MOBO, RAM, etc) x 8-10.

Then add on the cost of power at the wall and the cost of your time building and then maintaining all these rigs.

25MH for ~$9000 is an amazing deal.

The problem is the wait time and uncertainty of delivery. You don't know if something better/less expensive will come out before your product arrives.

I've just done it, and I'm doing it again. I can build a complete rig in an hour, up and running. A few thousand dollars either way doesn't matter when you talk about a 6-9 month wait. It's also not an "Amazing deal" An amazing deal was 700gh/s for the Jupiters from KNC for only $5k. If these things were half the price they are asking and shipping in a month, it would be an amazing deal. Right now, it's about equal to what a good sale price on GPUs would bring.