Chief Satangkai
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December 10, 2012, 09:00:01 PM |
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I do know this. When difficulty goes up 200x ASICs will look far less attractive. So very true!
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GoldSeal
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December 11, 2012, 01:49:10 AM Last edit: December 11, 2012, 02:30:32 AM by GoldSeal |
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Personally, I find the concept of a pre-order for anything over $75 to be detestable. If you are going to sell a physical product, you should at least have the decency to prove to the world that the product exists before you start taking people's money.
This pre-order crap is just an amazing opportunity for fraud.
Personally, I would find some satisfaction in watching idiots lose their money should BFl go tits up and take off with their pre-order payments. Maybe people would learn a valuable lesson.
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Moving to Puerto Rico...
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GoldSeal
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December 11, 2012, 01:56:57 AM Last edit: December 11, 2012, 02:30:17 AM by GoldSeal |
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And one more thing. It stands to reason that this pre-order madness is fueled by the greed of people who do not understand math. I've heard several people spouting off how they believe ordering a single for $1300 is a fantastic deal because it would be capable of generating enough coins in 8 days to pay for itself. Then they throw their savings at BFL to try to get it first.
These people will learn an extremely valuable lesson if these asics come out and a large number of people get them upfront. What would you do if you plug in your single and find out you can only generate 0.1 BTC/day?
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Moving to Puerto Rico...
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creativex
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December 11, 2012, 02:11:33 AM |
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These people will learn an extremely valuable lesson if these asics come out and a large number of people get them upfront. What would you do if you plug in your single and find out you can only generate 0.1 BTC/day? Come on. I'm as skeptical of BFL as the next guy, but either BFL would have to admit their single SC only does a tiny fraction of the advertised 60Gh/s or BTC difficulty would have to rise to roughly 302,000,000 for that to happen. While difficulty may eventually get that high, it's not going to get that high over night.
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hardcore-fs
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December 11, 2012, 02:18:40 AM |
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Hi. I am the owner of IntraTech Montreal. IntraTech Montreal supplies the technology for the telecommunications sector around the world. We produce a large quantity of product to our customer as Telus Mobility or Roger's Telecommunication. 3 month ago, One of my employees came to me about BitCoin and the necessary technology. Since that day, we decided to throw ourselves into the ASIC extractor industry too. Since we are already in those kind of industry, we have all the parts and equipment needed for this type of product manufactured. For those interested, you can come take a look at our website. For people residing in the Montreal area, you can contact me for a private tour of our factory. http://www.intratechmontreal.com/Skype: intratechmontreal E-mail: raoul.beaupre87@gmail.comThank you and good day. Your the SCAMMER trying to sell products as ASIC. Even your product pictures are BFL
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BTC:1PCTzvkZUFuUF7DA6aMEVjBUUp35wN5JtF
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GoldSeal
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December 11, 2012, 02:28:01 AM |
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Imagine the equivalent 6250 singles (8 chips each) running out there competing for the same 3600 BTC/day. First run is ~50k chips. If these asics are the only game in town, they will yield 0.575 BTC/day minus whatever GPUs (or other asics) still manage to capture. Tell me how someone can think they will pay off a $1300 single with that kind of yield. Especially when BFL will be dumping more of these chips into customer hands over the next year and other companies may end up coming out with ASICs that stretch mining even thinner.
So 'NO', I don't think it's unreasonable to expect that most of these users will not recover their investment.
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Moving to Puerto Rico...
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creativex
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December 11, 2012, 02:35:48 AM |
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This completely ignores the time factor. BFL will not be able to assemble, test, and ship 6250 singles overnight. Additionally when it's perceived that difficulty is going through the roof and ROI is significantly lengthened...orders will slow. Please don't make me defend BFL any further...it makes me feel icky.
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GoldSeal
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December 11, 2012, 03:11:30 AM |
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Yes, well I guess we'll just need to wait and see.
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Moving to Puerto Rico...
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creativex
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December 11, 2012, 03:37:04 AM |
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Well we'll have longer to wait it seems. BFL has just announced yet another delay, this time 30 days. This could be a huge benefit to pre-order customers of Avalon and BTCFPGA if they ship on time.
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GoldSeal
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December 11, 2012, 04:42:19 AM |
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lol so is it January now? wow
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Moving to Puerto Rico...
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creativex
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December 11, 2012, 04:53:06 AM |
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It was January before, but certain BFL reps were in denial. The very notion that they were going to receive chips sometime between 12/11/12 and 12/24/12 and still ship in 2012 was insulting to anyone capable of rational thought.
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and247
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December 11, 2012, 09:44:45 AM |
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Personally, I would find some satisfaction in watching idiots lose their money should BFl go tits up and take off with their pre-order payments. Maybe people would learn a valuable lesson.
LOL People will never learn a lesson. There always will be enough idiots who think they can make up their fortune by buying special hardware, pills or other magic ... People, there is no magic, use your brain!
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Mytche
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December 12, 2012, 02:55:20 AM |
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What are you trusting them to do exactly?
I do think Butterfly Labs will come through, but even so a pre-order amplifies the speculation to an already speculative economy/technology. I think the best bet is to wait until something is proven.
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