Bitcoin Forum
June 23, 2024, 07:35:33 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 ... 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 [61] 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 ... 267 »
  Print  
Author Topic: Off-Topic  (Read 384374 times)
newguy05
Hero Member
*****
Offline Offline

Activity: 1316
Merit: 503


Someone is sitting in the shade today...


View Profile WWW
June 23, 2013, 06:40:21 PM
 #1201


Maybe, maybe not.  Keep in mind that chip sales will slow if they don't ship on a reasonable time frame.  Moreover, its very hard to calculate the Net present value of these chips over the next few months, let alone years as there is no telling where difficulty will be.  Keep in mind that BFL is also offering chips now, you know of KNC miner, and there will be more outfits to arise in the near future as well.

I think the safe and smart move for Avalon is to ship ASAP; most businesses would agree also.  The possible reward with holding and using chips is very high, but so is the risk factor....I can't really put a number on it due to the amount of unknowns in the equation, but neither can you...and neither can Avalon...so the best move is to take money in the hand.

why is it a safe and smart move for avalon to ship the chips asap? they already took your btc, why would they ship asap? they will try to delay it as long as they could. Bfl, avalon, and knc(if it's even real) are all playing a game of chicken trying to delay as much as they can.  Asic miner is playing a different game by charging such a high price that barely breaks even for the suckers who buy their hardware but at least they are not lying about shipping the hardware.

Everyone wants to buy cheap hardware and hoping for a return in a few months, avalon & bfl are not stupid they are using exactly this mass hysteria and greed to sell seemingly unbelievable cheap hardware, of course it's another story to actually get them to ship it. I can guaranteed there will not be massive shipment of anything asic from those companies, they will ship maybe 1-2 orders then delay another month or two to ship 1 more order etc..to have the appearance of trying and keep the mobs at bay.

There is no free lunch, only way to have those kind of returns is to create your own asic chips with a 500k min investment, but then once you have them YOU YOURSELF will be playing the exact same game as those guys trying not to ship it to the masses after taking their money.

My $10k bet on terrahash is 1) terrahash is one of the lucky ones to receive a chip shipment from avalon  2) keep to their word like they are trying so hard right now to appear legit, and actually ship the hardware after getting the chips, not mining in some warehouse first for a few months citing technical challenges - the temptation is undeniable - if you can have a  5 figure income per day mining using those hardware would you make up some bullshit excuse and pocket the coins instead?

I have been trading risky equities, options+futures and fx all my life both professionally and as a hobby, never seen a market with so much bullshit and scam yet at the same time so many people willing to part with their hard earned money over blind faith.  Hell vegas seemed tame by comparison.

         ▄██████
       ▄████████
     ▄██████████
   ▄█▀     █████
 ▄███      █████
█████      ███████████████████████████
█████      ███████████████████████████
█████      ███████████████████████████
█████                           ████▀
█████                           ██▀
█████                          ▄▀   
██████████████████████████████▀
████████████████████████████▀
L I N K
by BLOCKMASON





..CREATE WEB APIS........
..FROM ANY SMART........
..CONTRACT.........................






█▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█
█  ██████    ▄▄▄▄▄▄▄▄ █
█  ██████    ▄▄▄▄▄▄▄▄ █
█  ██████    ▄▄▄▄▄▄▄▄ █
█            ▄▄▄▄▄▄▄▄ █
█ ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ █
█ ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ █
█ ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ █
█ ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ █
█                     █
█ ▄▄▄▄▄▄              █
█▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄█

READ THE
WHITEPAPER

>>>






▄          █▄                         ▄
██▄        ███▄                     ▄██
████▄      █████▄                 ▄████
██████▄    ███████▄             ▄██████
████████▄   ▀███████▄         ▄███████▀
██████████▄   ▀███████▄     ▄███████▀
████████████▄   ▀███████▄ ▄███████▀  
██████████████▄   ▀█████████████▀   ▄██
████████████████▄   ▀█████████▀   ▄████
██████████████████▄   ▀█████▀   ▄██████
████████████████████▄   ▀█▀   ▄████████
BLOCKMASON
BUILDING THE FUTURE









FACEBOOK
REDDIT
TWITTER

LINKEDIN
GITHUB
MEDIUM
Shimple
Full Member
***
Offline Offline

Activity: 123
Merit: 100



View Profile
June 23, 2013, 06:55:17 PM
 #1202


Maybe, maybe not.  Keep in mind that chip sales will slow if they don't ship on a reasonable time frame.  Moreover, its very hard to calculate the Net present value of these chips over the next few months, let alone years as there is no telling where difficulty will be.  Keep in mind that BFL is also offering chips now, you know of KNC miner, and there will be more outfits to arise in the near future as well.

I think the safe and smart move for Avalon is to ship ASAP; most businesses would agree also.  The possible reward with holding and using chips is very high, but so is the risk factor....I can't really put a number on it due to the amount of unknowns in the equation, but neither can you...and neither can Avalon...so the best move is to take money in the hand.

why is it a safe and smart move for avalon to ship the chips asap? they already took your btc, why would they ship asap? they will try to delay it as long as they could. Bfl, avalon, and knc(if it's even real) are all playing a game of chicken trying to delay as much as they can.  Asic miner is playing a different game by charging such a high price that barely breaks even for the suckers who buy their hardware but at least they are not lying about shipping the hardware.

Everyone wants to buy cheap hardware and hoping for a return in a few months, avalon & bfl are not stupid they are using exactly this mass hysteria and greed to sell seemingly unbelievable cheap hardware, of course it's another story to actually get them to ship it. I can guaranteed there will not be massive shipment of anything asic from those companies, they will ship maybe 1-2 orders then delay another month or two to ship 1 more order etc..to have the appearance of trying and keep the mobs at bay.

There is no free lunch, only way to have those kind of returns is to create your own asic chips with a 500k min investment, but then once you have them YOU YOURSELF will be playing the exact same game as those guys trying not to ship it to the masses after taking their money.

My $10k bet on terrahash is 1) terrahash is one of the lucky ones to receive a chip shipment from avalon  2) keep to their word like they are trying so hard right now to appear legit, and actually ship the hardware after getting the chips, not mining in some warehouse first for a few months citing technical challenges - the temptation is undeniable - if you can have a  5 figure income per day mining using those hardware would you make up some bullshit excuse and pocket the coins instead?

I have been trading risky equities, options+futures and fx all my life both professionally and as a hobby, never seen a market with so much bullshit and scam yet at the same time so many people willing to part with their hard earned money over blind faith.  Hell vegas seemed tame by comparison.

Exactly it. Unbelievably sad, but unfortunately true. If you think about it, why the heck would you sell something for 4-5 digits when it's making that for you in a single day. If you had 4 digits a day, what would make you sell the product? I sure as hell wouldn't sell, I would use it as much and as long as I possibly could. My very first question for these miners was exactly "Why would they sell and not just take all the profit for themselves?" Then it became clear with all the delays and everything that they are doing exactly that.
detail3
Member
**
Offline Offline

Activity: 70
Merit: 10


View Profile
June 23, 2013, 07:08:05 PM
 #1203


Maybe, maybe not.  Keep in mind that chip sales will slow if they don't ship on a reasonable time frame.  Moreover, its very hard to calculate the Net present value of these chips over the next few months, let alone years as there is no telling where difficulty will be.  Keep in mind that BFL is also offering chips now, you know of KNC miner, and there will be more outfits to arise in the near future as well.

I think the safe and smart move for Avalon is to ship ASAP; most businesses would agree also.  The possible reward with holding and using chips is very high, but so is the risk factor....I can't really put a number on it due to the amount of unknowns in the equation, but neither can you...and neither can Avalon...so the best move is to take money in the hand.

why is it a safe and smart move for avalon to ship the chips asap? they already took your btc, why would they ship asap? they will try to delay it as long as they could. Bfl, avalon, and knc(if it's even real) are all playing a game of chicken trying to delay as much as they can.  Asic miner is playing a different game by charging such a high price that barely breaks even for the suckers who buy their hardware but at least they are not lying about shipping the hardware.

Everyone wants to buy cheap hardware and hoping for a return in a few months, avalon & bfl are not stupid they are using exactly this mass hysteria and greed to sell seemingly unbelievable cheap hardware, of course it's another story to actually get them to ship it. I can guaranteed there will not be massive shipment of anything asic from those companies, they will ship maybe 1-2 orders then delay another month or two to ship 1 more order etc..to have the appearance of trying and keep the mobs at bay.

There is no free lunch, only way to have those kind of returns is to create your own asic chips with a 500k min investment, but then once you have them YOU YOURSELF will be playing the exact same game as those guys trying not to ship it to the masses after taking their money.

My $10k bet on terrahash is 1) terrahash is one of the lucky ones to receive a chip shipment from avalon  2) keep to their word like they are trying so hard right now to appear legit, and actually ship the hardware after getting the chips, not mining in some warehouse first for a few months citing technical challenges - the temptation is undeniable - if you can have a  5 figure income per day mining using those hardware would you make up some bullshit excuse and pocket the coins instead?

I have been trading risky equities, options+futures and fx all my life both professionally and as a hobby, never seen a market with so much bullshit and scam yet at the same time so many people willing to part with their hard earned money over blind faith.  Hell vegas seemed tame by comparison.

Exactly it. Unbelievably sad, but unfortunately true. If you think about it, why the heck would you sell something for 4-5 digits when it's making that for you in a single day. If you had 4 digits a day, what would make you sell the product? I sure as hell wouldn't sell, I would use it as much and as long as I possibly could. My very first question for these miners was exactly "Why would they sell and not just take all the profit for themselves?" Then it became clear with all the delays and everything that they are doing exactly that.

Its smart for Avalon to ship your chips because they have future orders to think about...any business that can't see past the horizon of say...next week won't be in business very long.  Delaying shipping, especially purposefully, really hinders all future revenues for Avalon in this case.  You KNOW Terrahash will order more chips, by way of example, but not until these orders are filled.

I think the main disconnect between our arguments is simply that I realize businesses don't benefit directly screwing people, not for long anyway.  You're also totally discounting future chip orders that would be hindered by this 'two more weeks' game.  I'm not saying you're wrong, just that I disagree. 

"I have been trading risky equities, options+futures and fx all my life both professionally and as a hobby, never seen a market with so much bullshit and scam yet at the same time so many people willing to part with their hard earned money over blind faith.  Hell vegas seemed tame by comparison."

Me too, and its insane. 

FWIW, my bet is on TH and Avalon, I also would have bet on KNC...but that's it. 
MinermanNC
Legendary
*
Offline Offline

Activity: 2198
Merit: 1000



View Profile
June 23, 2013, 07:31:11 PM
 #1204


Maybe, maybe not.  Keep in mind that chip sales will slow if they don't ship on a reasonable time frame.  Moreover, its very hard to calculate the Net present value of these chips over the next few months, let alone years as there is no telling where difficulty will be.  Keep in mind that BFL is also offering chips now, you know of KNC miner, and there will be more outfits to arise in the near future as well.

I think the safe and smart move for Avalon is to ship ASAP; most businesses would agree also.  The possible reward with holding and using chips is very high, but so is the risk factor....I can't really put a number on it due to the amount of unknowns in the equation, but neither can you...and neither can Avalon...so the best move is to take money in the hand.

why is it a safe and smart move for avalon to ship the chips asap? they already took your btc, why would they ship asap? they will try to delay it as long as they could. Bfl, avalon, and knc(if it's even real) are all playing a game of chicken trying to delay as much as they can.  Asic miner is playing a different game by charging such a high price that barely breaks even for the suckers who buy their hardware but at least they are not lying about shipping the hardware.

Everyone wants to buy cheap hardware and hoping for a return in a few months, avalon & bfl are not stupid they are using exactly this mass hysteria and greed to sell seemingly unbelievable cheap hardware, of course it's another story to actually get them to ship it. I can guaranteed there will not be massive shipment of anything asic from those companies, they will ship maybe 1-2 orders then delay another month or two to ship 1 more order etc..to have the appearance of trying and keep the mobs at bay.

There is no free lunch, only way to have those kind of returns is to create your own asic chips with a 500k min investment, but then once you have them YOU YOURSELF will be playing the exact same game as those guys trying not to ship it to the masses after taking their money.

My $10k bet on terrahash is 1) terrahash is one of the lucky ones to receive a chip shipment from avalon  2) keep to their word like they are trying so hard right now to appear legit, and actually ship the hardware after getting the chips, not mining in some warehouse first for a few months citing technical challenges - the temptation is undeniable - if you can have a  5 figure income per day mining using those hardware would you make up some bullshit excuse and pocket the coins instead?

I have been trading risky equities, options+futures and fx all my life both professionally and as a hobby, never seen a market with so much bullshit and scam yet at the same time so many people willing to part with their hard earned money over blind faith.  Hell vegas seemed tame by comparison.

Exactly it. Unbelievably sad, but unfortunately true. If you think about it, why the heck would you sell something for 4-5 digits when it's making that for you in a single day. If you had 4 digits a day, what would make you sell the product? I sure as hell wouldn't sell, I would use it as much and as long as I possibly could. My very first question for these miners was exactly "Why would they sell and not just take all the profit for themselves?" Then it became clear with all the delays and everything that they are doing exactly that.

Its smart for Avalon to ship your chips because they have future orders to think about...any business that can't see past the horizon of say...next week won't be in business very long.  Delaying shipping, especially purposefully, really hinders all future revenues for Avalon in this case.  You KNOW Terrahash will order more chips, by way of example, but not until these orders are filled.

I think the main disconnect between our arguments is simply that I realize businesses don't benefit directly screwing people, not for long anyway.  You're also totally discounting future chip orders that would be hindered by this 'two more weeks' game.  I'm not saying you're wrong, just that I disagree. 

"I have been trading risky equities, options+futures and fx all my life both professionally and as a hobby, never seen a market with so much bullshit and scam yet at the same time so many people willing to part with their hard earned money over blind faith.  Hell vegas seemed tame by comparison."

Me too, and its insane. 

FWIW, my bet is on TH and Avalon, I also would have bet on KNC...but that's it. 

Im sure that many companys are raking some coin in while performing the so called" test" burn in etc...but, they also have a lot of money invested and on the line as well, and terms to pay back,,,,especially companys that except paypal. So they should want to turn those units out and avoid the risk of refunds and falling short on meeting their own debt service and so on. Also, to have a large amount of miners up and running requires a lot of man hours and monitoring etc. not to mention the utility factor. And the inherent risk that there could be a major drop or blow to the bitcoin value ( governments, a fork in the chain, and so on) that could leave them stuck holding the bag and out of business over night. So as an experienced business man, I would produce them and get them out the door as fast as I could,,,no matter how much could be earned in bitcoin by holding them for any amount of time. They stand to make ...what maybe 500 bux on a 900.00 board or more? I would not let them sit and mine...that would'nt make sense if it were my company,,,to risky. Plus if your a serious manufacture you will care very much about your credibility and reputation in the industry. For me, if i dont see some conclusive movement on my order prior to the 45 day time frame with paypal, I will have to be considering my options as with any purchase Smiley

*BTC: 1DiR25SPo84sThzTATr27EZEQZLt6hv6tG
angelus359
Newbie
*
Offline Offline

Activity: 43
Merit: 0


View Profile
June 23, 2013, 07:43:34 PM
 #1205

If they want to mine using my board for an hour, thats fine.

A week? Not OK.
angelus359
Newbie
*
Offline Offline

Activity: 43
Merit: 0


View Profile
June 23, 2013, 07:45:44 PM
 #1206

TerraHash should not have any problems putting 16 ASIC on the board and meeting their hash rate that was specified.
The problem comes when someone wants to over clock the board and finds that overclocking is limited by the power supply.
I don't think TerraHash guaranteed that their board could be overclocked.

Building a board that can survive being 10% overclocked is almost a safety percaution honestly

It allows for variance in quality of parts. A low quality capacitor can drop that 10% down to native speed very quickly. Nobody would complain that their board works at spec and doesn't handle overclocking (or would they)
MinermanNC
Legendary
*
Offline Offline

Activity: 2198
Merit: 1000



View Profile
June 23, 2013, 07:49:46 PM
 #1207

If they want to mine using my board for an hour, thats fine.

A week? Not OK.

Agreed! I do want know that it will work for me when I plug it in...lol and get one of those nice little round stickers that say "Passed ok" on it...

*BTC: 1DiR25SPo84sThzTATr27EZEQZLt6hv6tG
newguy05
Hero Member
*****
Offline Offline

Activity: 1316
Merit: 503


Someone is sitting in the shade today...


View Profile WWW
June 23, 2013, 08:03:34 PM
 #1208


Its smart for Avalon to ship your chips because they have future orders to think about...any business that can't see past the horizon of say...next week won't be in business very long.  Delaying shipping, especially purposefully, really hinders all future revenues for Avalon in this case.  You KNOW Terrahash will order more chips, by way of example, but not until these orders are filled.

I think the main disconnect between our arguments is simply that I realize businesses don't benefit directly screwing people, not for long anyway.  You're also totally discounting future chip orders that would be hindered by this 'two more weeks' game.  I'm not saying you're wrong, just that I disagree.  

"I have been trading risky equities, options+futures and fx all my life both professionally and as a hobby, never seen a market with so much bullshit and scam yet at the same time so many people willing to part with their hard earned money over blind faith.  Hell vegas seemed tame by comparison."

Me too, and its insane.  

FWIW, my bet is on TH and Avalon, I also would have bet on KNC...but that's it.  

You are missing the point though, if they fill all those orders now -> difficulty goes up significantly -> their hardware prices have to drop in accordance in order to have any future orders. So it's not that if they ship it now, someshow people will place more future orders. It's all linked back to controlling the difficulty.

There is no long term, no running a legit business planning for the future. It's a mad dash cash grab to suck in as much preorder money as they can before the difficulty hit the threshold that makes hardware prices drop to their cost basis while trying hardest to delay shipping->difficulty, after the hardware balances out then btc will trade just like any other commodity.

         ▄██████
       ▄████████
     ▄██████████
   ▄█▀     █████
 ▄███      █████
█████      ███████████████████████████
█████      ███████████████████████████
█████      ███████████████████████████
█████                           ████▀
█████                           ██▀
█████                          ▄▀   
██████████████████████████████▀
████████████████████████████▀
L I N K
by BLOCKMASON





..CREATE WEB APIS........
..FROM ANY SMART........
..CONTRACT.........................






█▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█
█  ██████    ▄▄▄▄▄▄▄▄ █
█  ██████    ▄▄▄▄▄▄▄▄ █
█  ██████    ▄▄▄▄▄▄▄▄ █
█            ▄▄▄▄▄▄▄▄ █
█ ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ █
█ ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ █
█ ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ █
█ ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ █
█                     █
█ ▄▄▄▄▄▄              █
█▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄█

READ THE
WHITEPAPER

>>>






▄          █▄                         ▄
██▄        ███▄                     ▄██
████▄      █████▄                 ▄████
██████▄    ███████▄             ▄██████
████████▄   ▀███████▄         ▄███████▀
██████████▄   ▀███████▄     ▄███████▀
████████████▄   ▀███████▄ ▄███████▀  
██████████████▄   ▀█████████████▀   ▄██
████████████████▄   ▀█████████▀   ▄████
██████████████████▄   ▀█████▀   ▄██████
████████████████████▄   ▀█▀   ▄████████
BLOCKMASON
BUILDING THE FUTURE









FACEBOOK
REDDIT
TWITTER

LINKEDIN
GITHUB
MEDIUM
Shimple
Full Member
***
Offline Offline

Activity: 123
Merit: 100



View Profile
June 23, 2013, 08:06:30 PM
 #1209


Maybe, maybe not.  Keep in mind that chip sales will slow if they don't ship on a reasonable time frame.  Moreover, its very hard to calculate the Net present value of these chips over the next few months, let alone years as there is no telling where difficulty will be.  Keep in mind that BFL is also offering chips now, you know of KNC miner, and there will be more outfits to arise in the near future as well.

I think the safe and smart move for Avalon is to ship ASAP; most businesses would agree also.  The possible reward with holding and using chips is very high, but so is the risk factor....I can't really put a number on it due to the amount of unknowns in the equation, but neither can you...and neither can Avalon...so the best move is to take money in the hand.

why is it a safe and smart move for avalon to ship the chips asap? they already took your btc, why would they ship asap? they will try to delay it as long as they could. Bfl, avalon, and knc(if it's even real) are all playing a game of chicken trying to delay as much as they can.  Asic miner is playing a different game by charging such a high price that barely breaks even for the suckers who buy their hardware but at least they are not lying about shipping the hardware.

Everyone wants to buy cheap hardware and hoping for a return in a few months, avalon & bfl are not stupid they are using exactly this mass hysteria and greed to sell seemingly unbelievable cheap hardware, of course it's another story to actually get them to ship it. I can guaranteed there will not be massive shipment of anything asic from those companies, they will ship maybe 1-2 orders then delay another month or two to ship 1 more order etc..to have the appearance of trying and keep the mobs at bay.

There is no free lunch, only way to have those kind of returns is to create your own asic chips with a 500k min investment, but then once you have them YOU YOURSELF will be playing the exact same game as those guys trying not to ship it to the masses after taking their money.

My $10k bet on terrahash is 1) terrahash is one of the lucky ones to receive a chip shipment from avalon  2) keep to their word like they are trying so hard right now to appear legit, and actually ship the hardware after getting the chips, not mining in some warehouse first for a few months citing technical challenges - the temptation is undeniable - if you can have a  5 figure income per day mining using those hardware would you make up some bullshit excuse and pocket the coins instead?

I have been trading risky equities, options+futures and fx all my life both professionally and as a hobby, never seen a market with so much bullshit and scam yet at the same time so many people willing to part with their hard earned money over blind faith.  Hell vegas seemed tame by comparison.

Exactly it. Unbelievably sad, but unfortunately true. If you think about it, why the heck would you sell something for 4-5 digits when it's making that for you in a single day. If you had 4 digits a day, what would make you sell the product? I sure as hell wouldn't sell, I would use it as much and as long as I possibly could. My very first question for these miners was exactly "Why would they sell and not just take all the profit for themselves?" Then it became clear with all the delays and everything that they are doing exactly that.

Its smart for Avalon to ship your chips because they have future orders to think about...any business that can't see past the horizon of say...next week won't be in business very long.  Delaying shipping, especially purposefully, really hinders all future revenues for Avalon in this case.  You KNOW Terrahash will order more chips, by way of example, but not until these orders are filled.

I think the main disconnect between our arguments is simply that I realize businesses don't benefit directly screwing people, not for long anyway.  You're also totally discounting future chip orders that would be hindered by this 'two more weeks' game.  I'm not saying you're wrong, just that I disagree.  

"I have been trading risky equities, options+futures and fx all my life both professionally and as a hobby, never seen a market with so much bullshit and scam yet at the same time so many people willing to part with their hard earned money over blind faith.  Hell vegas seemed tame by comparison."

Me too, and its insane.  

FWIW, my bet is on TH and Avalon, I also would have bet on KNC...but that's it.  

Im sure that many companys are raking some coin in while performing the so called" test" burn in etc...but, they also have a lot of money invested and on the line as well, and terms to pay back,,,,especially companys that except paypal. So they should want to turn those units out and avoid the risk of refunds and falling short on meeting their own debt service and so on. Also, to have a large amount of miners up and running requires a lot of man hours and monitoring etc. not to mention the utility factor. And the inherent risk that there could be a major drop or blow to the bitcoin value ( governments, a fork in the chain, and so on) that could leave them stuck holding the bag and out of business over night. So as an experienced business man, I would produce them and get them out the door as fast as I could,,,no matter how much could be earned in bitcoin by holding them for any amount of time. They stand to make ...what maybe 500 bux on a 900.00 board or more? I would not let them sit and mine...that would'nt make sense if it were my company,,,to risky. Plus if your a serious manufacture you will care very much about your credibility and reputation in the industry. For me, if i dont see some conclusive movement on my order prior to the 45 day time frame with paypal, I will have to be considering my options as with any purchase Smiley

Definitely agree with what you say. I actually ordered from TH my self, and am hoping that it wont be another one of the delaying stories... I agree with you when you say if they ship they are looking at all the future orders, but hey, if your making lets say 5 grand a day using all of these products your selling, what is the harm in saying "We have ran into some trouble, were looking at another week to start shipping." That is a LOT of income... Maybe more then if they sold it lol  Tongue Also, if they were to sell, the difficulty will rise and eventually the chip price to chip outcome will be very bad and there goes the company...
MinermanNC
Legendary
*
Offline Offline

Activity: 2198
Merit: 1000



View Profile
June 23, 2013, 08:12:44 PM
 #1210

This is just something to think about: my 160 chip order placed on Tuesday, had a calculated estimate of $128.00 daily earnings, on Friday it had dropped to 123.00 and right now its at 117.00. Once in this game you will always be chasing the difficulty playing catch up. BTC Guild has been breaking over 39k G/hash, Slush's pool is at an all time high over 18k G/hash now. I just hope Terrahash is going to move with a sense of urgency. In this case, more than ever...TIME is money!

And: BTC value has pretty much held between 107 and 109 since.....

*BTC: 1DiR25SPo84sThzTATr27EZEQZLt6hv6tG
detail3
Member
**
Offline Offline

Activity: 70
Merit: 10


View Profile
June 23, 2013, 08:48:41 PM
 #1211


Its smart for Avalon to ship your chips because they have future orders to think about...any business that can't see past the horizon of say...next week won't be in business very long.  Delaying shipping, especially purposefully, really hinders all future revenues for Avalon in this case.  You KNOW Terrahash will order more chips, by way of example, but not until these orders are filled.

I think the main disconnect between our arguments is simply that I realize businesses don't benefit directly screwing people, not for long anyway.  You're also totally discounting future chip orders that would be hindered by this 'two more weeks' game.  I'm not saying you're wrong, just that I disagree.  

"I have been trading risky equities, options+futures and fx all my life both professionally and as a hobby, never seen a market with so much bullshit and scam yet at the same time so many people willing to part with their hard earned money over blind faith.  Hell vegas seemed tame by comparison."

Me too, and its insane.  

FWIW, my bet is on TH and Avalon, I also would have bet on KNC...but that's it.  

You are missing the point though, if they fill all those orders now -> difficulty goes up significantly -> their hardware prices have to drop in accordance in order to have any future orders. So it's not that if they ship it now, someshow people will place more future orders. It's all linked back to controlling the difficulty.

There is no long term, no running a legit business planning for the future. It's a mad dash cash grab to suck in as much preorder money as they can before the difficulty hit the threshold that makes hardware prices drop to their cost basis while trying hardest to delay shipping->difficulty, after the hardware balances out then btc will trade just like any other commodity.


Well, I see your point, suffice it so say that in effect I simply disagree with your conclusion.  I actually think there is a future for companies in this emerging field...that is to say...dedicated miners. 
Shimple
Full Member
***
Offline Offline

Activity: 123
Merit: 100



View Profile
June 23, 2013, 10:55:49 PM
 #1212


Its smart for Avalon to ship your chips because they have future orders to think about...any business that can't see past the horizon of say...next week won't be in business very long.  Delaying shipping, especially purposefully, really hinders all future revenues for Avalon in this case.  You KNOW Terrahash will order more chips, by way of example, but not until these orders are filled.

I think the main disconnect between our arguments is simply that I realize businesses don't benefit directly screwing people, not for long anyway.  You're also totally discounting future chip orders that would be hindered by this 'two more weeks' game.  I'm not saying you're wrong, just that I disagree.  

"I have been trading risky equities, options+futures and fx all my life both professionally and as a hobby, never seen a market with so much bullshit and scam yet at the same time so many people willing to part with their hard earned money over blind faith.  Hell vegas seemed tame by comparison."

Me too, and its insane.  

FWIW, my bet is on TH and Avalon, I also would have bet on KNC...but that's it.  

You are missing the point though, if they fill all those orders now -> difficulty goes up significantly -> their hardware prices have to drop in accordance in order to have any future orders. So it's not that if they ship it now, someshow people will place more future orders. It's all linked back to controlling the difficulty.

There is no long term, no running a legit business planning for the future. It's a mad dash cash grab to suck in as much preorder money as they can before the difficulty hit the threshold that makes hardware prices drop to their cost basis while trying hardest to delay shipping->difficulty, after the hardware balances out then btc will trade just like any other commodity.


Well, I see your point, suffice it so say that in effect I simply disagree with your conclusion.  I actually think there is a future for companies in this emerging field...that is to say...dedicated miners. 

There definitely is some future, possible if they are among the first ones to ship thus making them more reliable then the rest, but if they have a working product, why not mine your self for a few days/weeks then ship em out Wink More profit in your pocket Cheesy

Then again, there is so many of these alt coins they can always make dedicated miners for the other coins...
justmyname
Sr. Member
****
Offline Offline

Activity: 389
Merit: 250


View Profile
June 24, 2013, 12:46:44 AM
 #1213

I would guess TH will ship our orders and then decide if they want to supply hardware in the future. They made enough money to get started mining if that's what they want to do. They say. "We have already taken orders for all the chips that we have pre-ordered from Avalon. We won’t be taking any more orders for the time-being. We will open orders for assembly only service when Avalon gets closer to shipping the chips. Or, in case there is more demand, we will pre-order another batch of 10,000 or 20,000 chips from Avalon and take more orders."

It depends on how much hardware companies like Avalon and Butterfly ship in the future. Whether it will be worth it for TH to ship more hardware. Most of these companies believe the money is in selling the hardware and that we will screw ourselves.
Shimple
Full Member
***
Offline Offline

Activity: 123
Merit: 100



View Profile
June 24, 2013, 01:00:14 AM
 #1214

I would guess TH will ship our orders and then decide if they want to supply hardware in the future. They made enough money to get started mining if that's what they want to do. They say. "We have already taken orders for all the chips that we have pre-ordered from Avalon. We won’t be taking any more orders for the time-being. We will open orders for assembly only service when Avalon gets closer to shipping the chips. Or, in case there is more demand, we will pre-order another batch of 10,000 or 20,000 chips from Avalon and take more orders."

It depends on how much hardware companies like Avalon and Butterfly ship in the future. Whether it will be worth it for TH to ship more hardware. Most of these companies believe the money is in selling the hardware and that we will screw ourselves.

Fair enough. I personally think that the best game would be to ship, mine with the profit until you can then ship em out again. Do the loop all over again.
Vigil
Sr. Member
****
Offline Offline

Activity: 378
Merit: 250


View Profile
June 24, 2013, 01:45:37 AM
Last edit: June 24, 2013, 02:17:44 AM by Vigil
 #1215

I don't see that BFL and Avalon have any continued advantage to delay in order to hold off difficulty because ASICMiner will supposedly be releasing their next generation chips before the end of the year. Once they do this, current gen BFL and Avalon chips will be obsolete. They may as well just get them out the door while they still can.

Another thing I was thinking which may be a bit off topic is in regards to BFL, especially. That is they are having these chips made in China... that basically amounts to an ASIC technology transfer to China. Who doesn't believe that the Chinese are producing their own chips for use directly based off these various ASIC chips? I am almost willing to be they have an assembly line producing BFL chips for themselves right beside the one that go to BFL customers. With this kind of application you are pretty much stabbing yourself in the stomach by having your chips made there because of the concept of "difficulty" and not necessarily just a simple technology transfer.
SteveB
Full Member
***
Offline Offline

Activity: 170
Merit: 100


View Profile
June 24, 2013, 04:02:09 AM
 #1216


https://bitcointalk.org/index.php?topic=240189.msg2562419#msg2562419

If I read the above post by BitSyncom correctly, the lead time of 9-10 weeks applies to later chip orders too and not just to the very first ones.
So Terrahash's first batch (ordered May 10 & 16) would be due by about late July.
The second batch (ordered June 19) would not be due before late August or early September!  Sad
That is a lot later than the 2 weeks after the first batch delivery that was estimated by Terrahash here: https://bitcointalk.org/index.php?topic=238148.msg2520769#msg2520769

If the email tomorrow from Terrahash does not say my order is in the first batch, I think I'm going to have to cancel my order  Angry
Shimple
Full Member
***
Offline Offline

Activity: 123
Merit: 100



View Profile
June 24, 2013, 04:07:57 AM
 #1217


https://bitcointalk.org/index.php?topic=240189.msg2562419#msg2562419

If I read the above post by BitSyncom correctly, the lead time of 9-10 weeks applies to later chip orders too and not just to the very first ones.
So Terrahash's first batch (ordered May 10 & 16) would be due by about late July.
The second batch (ordered June 19) would not be due before late August or early September!  Sad
That is a lot later than the 2 weeks after the first batch delivery that was estimated by Terrahash here: https://bitcointalk.org/index.php?topic=238148.msg2520769#msg2520769

If the email tomorrow from Terrahash does not say my order is in the first batch, I think I'm going to have to cancel my order  Angry

I wonder if he made a special deal with BitSyncom  Huh He seemed pretty positive that it would be only 2 weeks difference?

TH any updates on this?

If anyone is selling 18GHash boards in the first batch id love to buy off ya if your willing to sell Tongue
gbx
Full Member
***
Offline Offline

Activity: 226
Merit: 100


View Profile
June 24, 2013, 12:11:42 PM
 #1218

Sounds like today we will find out where we all stand in terms of what production run we're going to be in.  I can't believe this thread fell onto the second page!!! 

Looking forward to hearing where we all stand!
zurg
Hero Member
*****
Offline Offline

Activity: 826
Merit: 500


Crypto Investor ;) @ Farmed Account Hunter


View Profile
June 24, 2013, 12:47:37 PM
 #1219

Great, I might loose one of my preorders Sad #1213 for 1 K64.
Stupid bank screwed up and never sent the $... If I redo the transaction today the fastest TerraHash will get it is on Tuesday (tomorrow).
Sent them an email to see what I should do... only 2.5BTC's to my name, lol.
Shimple
Full Member
***
Offline Offline

Activity: 123
Merit: 100



View Profile
June 24, 2013, 12:50:22 PM
 #1220

Great, I might loose one of my preorders Sad #1213 for 1 K64.
Stupid bank screwed up and never sent the $... If I redo the transaction today the fastest TerraHash will get it is on Tuesday (tomorrow).
Sent them an email to see what I should do... only 2.5BTC's to my name, lol.


Same thing might happen to me except with 2 K64s Sad

When did you send your wire transfer? I sent it on Thursday and still no "Processing" status. Hopefully he revives the money today Cry
Pages: « 1 ... 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 [61] 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 ... 267 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!