Off-Topic

[Silvas]

(for those who are looking to at least make their purchase money back)

Does anyone not fall into that category??   Seems foolish to not be looking for making at least their purchase price back. I am hoping to make at least 20-50% ROI above hardware/power costs. The judgement call to keep the order or cancel (or go with some other option) all depends on what the total hash rate and resulting difficulty look like at the time the chips have arrived, boards are fully done and tested, and devices shipped. I'd say if the box can't be mining by August then it's likely going to be not worth the investment.

Personally, if the difficulty is above 45M I am planning to cancel or maybe sell my order to someone who is willing to mine with longer than 3-5 month time-to-ROI.

Patiently awaiting updates on the K16 board (which appears to be moving along) and from TH....

 

I've seen some people claim to not be doing it to make money, and not care if they make their initial purchase back; they say they're doing it to help the bitcoin network.  While I believe that's possible, and my motivation is split between helping bitcoin and making a little money, I'm cynical and given the rampant greed I see surrounding bitcoin I find it hard to believe someone's spending money on hardware solely for the good of bitcoin and doesn't care if they make their purchase money back

Of course, if that's true it's all doomed anyways.  If everyone is in it to make money and profit, eventually it will all go downhill.  The only reason people want bitcoins is either hoping they'll increase in value or to spend them.  Merchants only take bitcoin because they can get money from it (they have to pay their suppliers and most of the time that means fiat), and on and on.  If everyone or even a huge majority is all trying to profit, the only way to profit is for bitcoin value to go up and up.  If the majority of the bitcoin economy is speculation on rising value, it will drive itself to unsustainable heights and eventually burst.  A lot of people will get burned.
There needs to be a larger ecosystem of merchants and services accepting bitcoin, otherwise it's just a bunch of people trying to profit and that profit has to come from somewhere.  In this case it would be people buying bitcoins and they in turn are hoping someone comes along behind them and pays more so they can sell and get their profit, and on and on.

[Bitcoinorama]

(for those who are looking to at least make their purchase money back)

Does anyone not fall into that category??  Seems foolish to not be looking for making at least their purchase price back. I am hoping to make at least 20-50% ROI above hardware/power costs. The judgement call to keep the order or cancel (or go with some other option) all depends on what the total hash rate and resulting difficulty look like at the time the chips have arrived, boards are fully done and tested, and devices shipped. I'd say if the box can't be mining by August then it's likely going to be not worth the investment.

Personally, if the difficulty is above 45M I am planning to cancel or maybe sell my order to someone who is willing to mine with longer than 3-5 month time-to-ROI.

Patiently awaiting updates on the K16 board (which appears to be moving along) and from TH....

 

I've seen some people claim to not be doing it to make money, and not care if they make their initial purchase back; they say they're doing it to help the bitcoin network.  While I believe that's possible, and my motivation is split between helping bitcoin and making a little money, I'm cynical and given the rampant greed I see surrounding bitcoin I find it hard to believe someone's spending money on hardware solely for the good of bitcoin and doesn't care if they make their purchase money back

Of course, if that's true it's all doomed anyways.  If everyone is in it to make money and profit, eventually it will all go downhill.  The only reason people want bitcoins is either hoping they'll increase in value or to spend them.  Merchants only take bitcoin because they can get money from it (they have to pay their suppliers and most of the time that means fiat), and on and on.  If everyone or even a huge majority is all trying to profit, the only way to profit is for bitcoin value to go up and up.  If the majority of the bitcoin economy is speculation on rising value, it will drive itself to unsustainable heights and eventually burst.  A lot of people will get burned.
There needs to be a larger ecosystem of merchants and services accepting bitcoin, otherwise it's just a bunch of people trying to profit and that profit has to come from somewhere.  In this case it would be people buying bitcoins and they in turn are hoping someone comes along behind them and pays more so they can sell and get their profit, and on and on.

Correct, totally, which is why the money is actually in solving the problem of consumer and retailer adoption, and not mining...as people are about to find out.

[fasmax]

Someone correct me if I am wrong, but I thought that even with the assembled board they were waiting on firmware to be able to test it?

If that is the case then what else do they have on their plate other than communicating with customers?

The design needs to be debugged and a lot of debugging can be done with out any firmware at all. However they have the firmware that BkkCoins released and should be able to do a lot of testing. Also they said they have engineering types to help bring the design along. So I don't understand why we haven't been updated. Also there are people on this forum that could help with bring up.

[Bitoy]

It's monday 5pm and No email yet from terrahash regarding placement of queue or their testing.

[Vigil]

I think they are out in San Diego living it up on our money - Cristal, Mojitos, and high-dollar hookers.

[Bitcoinorama]

I think they are out in San Diego living it up on our money - Cristal, Mojitos, and high-dollar hookers.

Ballers!

[aznewsh]

Like I said.....Quiet aren't they?

[MinermanNC]

Well. not to change the subject,,,, but tomorrow I am switching my gpu farm over to litecoin mining,,,,lol, the profit margin just isn't there for btc anymore. the good ol days are almost over now   unless of course btc value skyrockets in the next few days.....so Ill just be waiting for my asics,,,to maybe become a reality....not looking to promising at the moment,,,lol

[gbx]

http://www.youtube.com/watch?v=K8E_zMLCRNg

[aznewsh]

http://www.youtube.com/watch?v=K8E_zMLCRNg

LMAO

[bitcoin carpenter]

http://www.youtube.com/watch?v=K8E_zMLCRNg

ROFLMAO

[bebfoo]

While we all bide our time and listen to the crickets, a few things I'm wondering: who will be the first to request a refund from TH, and will they honor refunds in a timely manner.

If anyone does eventually request a refund, please let us know how it goes.

[laughingbear]

Im starting to get very worried here, even a " I need a little more time guys" post would be very appropriate here.

[MinermanNC]

http://www.youtube.com/watch?v=K8E_zMLCRNg

love it! lol...just in time for me to go to bed to after midnight here. maybe tomorrow?

[gbx]

While we all bide our time and listen to the crickets, a few things I'm wondering: who will be the first to request a refund from TH, and will they honor refunds in a timely manner.

If anyone does eventually request a refund, please let us know how it goes.

I gave BFL 60 days after their original target date to request a refund.  I thought that was generous... but they needed an extra 9 months to complete their debacle.

I'm not going to wait that long here...  Not nearly that long...

[XertroV]

I've requested a refund for order #1122. Order was via PayPal. Will let you all know how it goes.

[XertroV]

Refund complete. That was fast.

[jc328]

Was the refund processed by paypal or did you request through their new support ticket system?

[XertroV]

Was the refund processed by paypal or did you request through their new support ticket system?

Requested via their support ticket system, refunded via PayPal in about 6 minutes.
Edit: I did not make the request through PayPal. I presume that's what you were asking about.

[desertxp]

hi i have order 1149 paid in bitcoin, one k16+chip and mount. Anyone interested?
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