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Author Topic: Should I cancel a BFL preorder?  (Read 720 times)
kinichiban
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April 21, 2013, 07:54:02 AM
 #1

I have been planning to cancel a BFL preorder I made a month ago (before the price doubled and hashrate dropped). I expect they're still a long way (3-6 months) from shipping real, production units. But they seem to have made real progress over the last few weeks. Even if the difficulty goes up by 10x (judging by Avalon chip orders, likely), the product is paid off in a month (at current BTC vs usd rate).

Will the difficulty be much more than 90 million by the time I receive the order? Or does it still look like they won't ship at all?
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Zim05
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April 21, 2013, 08:40:02 AM
 #2

If your a late order or don't expect it to ship within 2 months its not worth it in my opinion. More profitable to resell the preorder instead.
ronaldlee0917
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April 21, 2013, 08:50:14 AM
 #3

add 5Gh/s * your order number to the network hashrate to calculate your potential income
why 5Gh/s? because it is the minimum hashrate of a ASIC miner and by assuming that every customer before you only purchase a 5Gh miner,
with that said your potential income is even worse than that.

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MultipliedCombo
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April 21, 2013, 09:02:04 AM
 #4

Depends. Has you met anyone else that has received a complete order from Butterfly Labs? If not, then it's probably best to cancel the order. However, if you think that you still really want the model, simply keep waiting for it.

bitdaniel
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May 01, 2013, 05:21:38 PM
 #5

Depends. Has you met anyone else that has received a complete order from Butterfly Labs? If not, then it's probably best to cancel the order. However, if you think that you still really want the model, simply keep waiting for it.
How can i cancel a order? I dont see any cancel button or something else. Or am i blind?  Grin
Rayen
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May 01, 2013, 05:22:33 PM
 #6

Depends. Has you met anyone else that has received a complete order from Butterfly Labs? If not, then it's probably best to cancel the order. However, if you think that you still really want the model, simply keep waiting for it.
How can i cancel a order? I dont see any cancel button or something else. Or am i blind?  Grin
You request a refund.
btc2themoon
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May 01, 2013, 07:57:56 PM
 #7

It's a scam for sure.
Kluge
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May 01, 2013, 08:03:16 PM
 #8

I'd definitely advise against a refund, because you can sell your place in line to someone else. If BFL's very slow or shipping a few prototypes which'll never be remade, put that risk on someone else and collect a small sum extra over just getting a refund.

Generally, because BFL has some dislike of preorder resales, you have the units shipped to the same address (yours), then ship to the buyer once the product's in your hands. Oh, and you should use free escrow (mine, merely for example! Tongue ).

Don't mix your coins someone said isn't legal
rfisher1968
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May 01, 2013, 08:11:39 PM
 #9

I just did request a refund. I can use the money now to buy hardware to earn bitcoins right now. When you have no idea when or if you will get a unit and no shipdate, you need to giveup.
rsmereka
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May 01, 2013, 08:21:18 PM
 #10

I would not (and did not) cancel,

Once you/I have ordered, why not stay? BFL has shipped. There is a real rig for sale on eBay right now. This BFL rig came in on the first shipment. The guy that got the unit ordered on the first day (Jun 2012, I believe). BFL has problems meeting deadlines (their own) but is not a scam. They shipped product before and they have just shipped product now.

Rick
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May 01, 2013, 09:05:03 PM
 #11

ebay buyers are interest in those early orders.


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nickha0
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May 01, 2013, 09:40:49 PM
 #12

I'd definitely advise against a refund, because you can sell your place in line to someone else. If BFL's very slow or shipping a few prototypes which'll never be remade, put that risk on someone else and collect a small sum extra over just getting a refund.

Generally, because BFL has some dislike of preorder resales, you have the units shipped to the same address (yours), then ship to the buyer once the product's in your hands. Oh, and you should use free escrow (mine, merely for example! Tongue ).

This.

Why just get your money back when you can make more?

Well hey, if you're feeling generous...
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dsp4
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May 01, 2013, 10:11:17 PM
 #13

Like everyone else said, don't cancel, just keep or sell it.

ronaldlee's logic makes sense. I don't know the latest numbers, but even if your order was in the 50k, difficulty would merely be in the 40M. That's still over $200/month with a Jalapeno.

I wouldn't buy a GPU now either. With ASICs entering the market, it won't be long before GPUs can't pay for themselves anymore.
Narken
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May 01, 2013, 10:21:56 PM
 #14

Don't cancel it, you can always sell your order nr on ebay or similar

Yes sir
ekylypse
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May 01, 2013, 10:25:21 PM
 #15

eek. that is harsh.
Anonymousg64
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May 01, 2013, 10:35:45 PM
 #16

I say cancel while you can, will be better for the rest of us GPU miners.
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