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

[BChydro]

Check out the auction going on here:

https://bitcointalk.org/index.php?topic=189248.40

I'm very curious to see how high the bids will go

[1713958206]

1713958206

[1713958206]

1713958206

[mipa]

my calculation says 20 makes sense.. but i guess they will go far higher.. something like 70..

[shori]

First one ended April 16th and you got it for 75. This one is expecting lower, I'm thinking to go in for around 25max.

[BChydro]

If the final bids sit around 20 I'm thinking of picking one up. I ordered a 30 GH/s rig from BFL in March, but I don't think I'll get that for months.

[wsoei]

I wish I had BTC to bid.

[basscent]

7 dollars

[shori]

I wish I had BTC to bid.

If you have $$$ that shouldn't be a problem 

[emantu]

The latest Avalon batch went at ~100BTC for 85GH/s; the latest ASICMINER batch did around ~75BTC for 10GH/s. That's quite a hefty fee to pay for the instant delivery.

[chk543]

With the current exchange rate and the fact that they are shipping now i think 20 is pretty reasonable

[Xeen]

The hard part for those of us newer to Bitcoin is that they only accept BTC as payment, and you have to pay in 48 hours.  Most exchanges don't work that fast.

[chk543]

The hard part for those of us newer to Bitcoin is that they only accept BTC as payment, and you have to pay in 48 hours.  Most exchanges don't work that fast.

Yeah, I'm currently trying to find the most cost effective way of converting cash to bitcoin. I've been waiting for my exchange verification for a week now and looking at my place in the queue I think it will be a few more days before that goes through. Finding locals selling bitcoins seems to be the best way I've found so far.

[randombob]

I was thinking 20 as well, but the minimun to get one is currently 16, so I don't know how likely that is.

[danilo303]

Each unit is 10gh/s, and people are bidding roughly 5 btc per unit, did I get that right?

[randombob]

Each unit is 10gh/s, and people are bidding roughly 5 btc per unit, did I get that right?

10gh/s, but the current max bid is 25BTC. The @ is a per-unit price. You'd currently have to bid more than 17 to have a chance, and there's only 1 unit available below 20BTC.

[mrm0]

Each unit is 10gh/s, and people are bidding roughly 5 btc per unit, did I get that right?

10gh/s, but the current max bid is 25BTC. The @ is a per-unit price. You'd currently have to bid more than 17 to have a chance, and there's only 1 unit available below 20BTC.

You beat me to it, but I'll add another angle.. I wonder whether it will be profitable long-term?

I am currently GPU pool mining at a total of ~1500MH. This produces slightly less than 0.1BTC/24h at present difficulty. With all those ASICs going on, difficulty will likely skyrocket, so the big question is, what the difficulty will be in a month?

[discobean]

+1 for 20, sounds reasonable

[randombob]

I am currently GPU pool mining at a total of ~1500MH. This produces slightly less than 0.1BTC/24h at present difficulty. With all those ASICs going on, difficulty will likely skyrocket, so the big question is, what the difficulty will be in a month?

That's the question, and why I figured 20BTC would be safe. It seems it should take somewhere between 45-65 days to break even at 20.

[mrm0]

I am currently GPU pool mining at a total of ~1500MH. This produces slightly less than 0.1BTC/24h at present difficulty. With all those ASICs going on, difficulty will likely skyrocket, so the big question is, what the difficulty will be in a month?

That's the question, and why I figured 20BTC would be safe. It seems it should take somewhere between 45-65 days to break even at 20.

Yes, my calculationsguesses are in the same ballpark.

[emantu]

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.

[EviLMask]

The hard part for those of us newer to Bitcoin is that they only accept BTC as payment, and you have to pay in 48 hours.  Most exchanges don't work that fast.

This. I would also like to bet on those auctions but I don't have so many bitcoins. Does anybody know the quickest (and safest) way to buy bitcoins?


Concerning this auction, I also think 20-25 BTC would sound reasonable. That would need approximately 50 days to meet the ROI if the difficulty stays the same which is highly doubtful.

What you are paying for here is clearly the opportunity to have a functional ASIC before the thousands of DIY units come online.


I personally think that it will go way higher than 25BTC.