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Author Topic: Buy BFL Now a Good Idea?  (Read 2699 times)
Sant001
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October 01, 2012, 12:43:41 PM
Last edit: October 01, 2012, 11:25:14 PM by Sant001
 #1

Anything bought now will only be shipped after everybody else's orders?

Meaning we'll still pay the novelty price but will be probably mining at 25bitcoin/block + very high difficulty?

Is it a good idea to buy now or is it too late?
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October 01, 2012, 03:40:12 PM
 #2

Personally, Depends on what your doing now. If you are a miner then getting something now for later is a must, However there is more than BFL out there, Might be able to get something quicker with another producer, It is really going to be unprofitable by end of next year unless you have a few TH systems or you don't pay for electricity.

If you not a serious miner then getting some for novelty is also acceptable.
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October 01, 2012, 04:31:53 PM
 #3

In an ideal world, you'd get your preorder roughly the same time as everyone else...like preordering a game in GameStop, you can pick yours up the same day as everyone else (doesn't matter if you ordered yours first, or the 100th, etc). Theoretically, BFL learned from their shipping mistakes during the FPGA fiasco.

In a more likely scenario, go with what Squall said. If you're into mining, shopping with BFL's competitors might be a good idea. Otherwise waiting it out won't hurt.

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October 01, 2012, 04:33:49 PM
 #4

Keep in mind, if you buy BFL, you have some sort of upgrade path for the future.  Something you are unlikely to get with the other vendors, so if you're in it for the long haul it's something to consider.

If you're searching these lines for a point, you've probably missed it.  There was never anything there in the first place.
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October 01, 2012, 04:36:58 PM
 #5

At this point I wouldn't pre-order BFL if I were you. Oh btw, did you notice you misspelled it in the title?

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October 01, 2012, 06:12:06 PM
 #6

I'm in the same boat... why be 10,000th in line for something you can get from a competitor a month or two after BFL's first shipments? Also, with the rate of BTC appreciation, I would much rather just buy outright when the products are available.

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October 01, 2012, 06:39:56 PM
 #7

Meaning we'll still pay the novelty price but will be probably mining at 25bitcoin/block + very high difficulty?

By the looks of it, there won't be too much ASIC mining done @50BTC. The ASIC delivery dates are within a month or less from the estimated date the reward will change.

You're not paying for the novelty; you're paying to stay into Bitcoin mining. Anything else but ASICs will not make sense unless you're on free electricity.

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October 01, 2012, 08:15:58 PM
 #8

yea i wasnt sure how long i will have to wait for BLF's offerings so i decided to go with BTCFPGA as i think i will get it sooner.
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October 01, 2012, 08:49:34 PM
 #9

Quote
if you buy BFL, you have some sort of upgrade path for the future.
Inaba, you should have posted this with your BFL forum account, so it's clear to OP that you are BFL employee.

Disclaimer: I'm not BFL hater and I have some Jalapenos already pre-ordered Smiley
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October 01, 2012, 08:52:54 PM
 #10

Is it a good idea to buy now or is it too late?

Sure you have missed a few orders before you, but its never to late to order. Besides, there is other ways to skip ahead the ques. By that I mean that there is competitors.

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October 01, 2012, 09:17:57 PM
 #11

I saw one on ebay a while back, the seller claims by buying from him you can jump the queues. How valid, I have no idea!

Heres the link:

http://www.ebay.com/itm/Butterfly-Labs-BitForce-SC-Jalapeno-3-5-GH-s-Bitcoin-Mining-BTC-Rig-Free-Ship-/120991340828?pt=LH_DefaultDomain_0&hash=item1c2ba5591c
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October 01, 2012, 09:32:20 PM
 #12

I saw one on ebay a while back, the seller claims by buying from him you can jump the queues. How valid, I have no idea!

Heres the link:

http://www.ebay.com/itm/Butterfly-Labs-BitForce-SC-Jalapeno-3-5-GH-s-Bitcoin-Mining-BTC-Rig-Free-Ship-/120991340828?pt=LH_DefaultDomain_0&hash=item1c2ba5591c

Maybe he made the pre-orders some time ago, and he hope to receive it in the first batch. He sell it and earn a 100%.

You don't know when he will receive it. When this happens, this time you will get it before others miners and before hash rate increase, will be enough to cover this $150 you will pay more?

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October 01, 2012, 09:33:14 PM
 #13

I saw one on ebay a while back, the seller claims by buying from him you can jump the queues. How valid, I have no idea!

Heres the link:

http://www.ebay.com/itm/Butterfly-Labs-BitForce-SC-Jalapeno-3-5-GH-s-Bitcoin-Mining-BTC-Rig-Free-Ship-/120991340828?pt=LH_DefaultDomain_0&hash=item1c2ba5591c

Yah I wouldn't bother with buying a Q#, unless you can get it for cost or lower.  

I heard BFL has a pick&place now. That should mean they can make hundreds of units a week if they needed/wanted to. Just order it direct if it makes sense for you to do so. It makes more sense the more money you can afford to spend on it. But of course, the more you're spending the more likely you are to wait until product is tested in the wild.

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October 01, 2012, 09:58:12 PM
 #14

Wouldn't buying anything without an upgrade path at this point be useless ? Even GPU's with resale are pretty much break even now. I'm saying and asking this at the same time because i to have been wanting and hesitant to buy more mining gear, Minirig SC wont be happening because uncle Sam split my re-enlistment up more than i thought he would  Sad
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October 01, 2012, 11:37:04 PM
Last edit: October 02, 2012, 12:11:17 AM by Sant001
 #15

Keep in mind, if you buy BFL, you have some sort of upgrade path for the future.  Something you are unlikely to get with the other vendors, so if you're in it for the long haul it's something to consider.

Yes, the trade-in program is definitely a plus for BFL.

But I read on BFL's website that it will expire in March 2013 and I suppose the 2nd generation ASIC won't be available by then, so I wouldn't be able to take advantage of trade-in program unless it gets extended.  Roll Eyes
Sant001
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October 01, 2012, 11:39:48 PM
 #16

Personally, Depends on what your doing now. If you are a miner then getting something now for later is a must, However there is more than BFL out there, Might be able to get something quicker with another producer, It is really going to be unprofitable by end of next year unless you have a few TH systems or you don't pay for electricity.

If you not a serious miner then getting some for novelty is also acceptable.

You're right, anyone willing to keep mining will have no choice but to upgrade to ASICs, only question is from who one will buy it and how long until ASICs actually hit the market. From BFL's website they seem rather serious about the November deadline.
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October 01, 2012, 11:42:11 PM
 #17

At this point I wouldn't pre-order BFL if I were you. Oh btw, did you notice you misspelled it in the title?

Thanks. How about BitcoinASIC.com ? What are they offering to compete with the Single SC or the Mini Rig SC? Where can we learn more about the company that will produce it and this project?
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October 01, 2012, 11:43:58 PM
 #18

I'm in the same boat... why be 10,000th in line for something you can get from a competitor a month or two after BFL's first shipments? Also, with the rate of BTC appreciation, I would much rather just buy outright when the products are available.

That's what my original plan was, but honestly I'm getting more tempted by the day as we approach November and as they release more product specifications. I'd assume it's human nature so there might be many others at this position now.

Which competitor are you considering?
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October 01, 2012, 11:47:55 PM
 #19

Is it a good idea to buy now or is it too late?

Sure you have missed a few orders before you, but its never to late to order. Besides, there is other ways to skip ahead the ques. By that I mean that there is competitors.

I think the ideal solution for me would be if someone wants to cancel their orders to sell me their position in the queue, does BFL allow it?

If you bought Single SC or the Mini Rig SC and want out please PM me.  Smiley
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October 01, 2012, 11:54:14 PM
 #20

If you're into mining, shopping with BFL's competitors might be a good idea. Otherwise waiting it out won't hurt.

I've only found BitcoinASIC.com , do you know of any other serious offers at this point?
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