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Author Topic: Should i order a 5ghs asics from bfl  (Read 2854 times)
BBQKorv
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May 19, 2013, 07:23:33 PM
 #21

Most likely you wont get it during this summer, or even during this year. That means 5GH is pretty worthless once you actually get it (if they don't go bankrupt before delivering it).
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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billotronic
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May 19, 2013, 08:36:57 PM
 #22

buy gpus. you can resell. you can wet-your-pants game on em. non-existent bfl=fail.

This post sums up why all this bullshit is a scam
Read It. Hate It. Change the facts that it represents.
https://bitcointalk.org/index.php?topic=1606638.msg16139644#msg16139644
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May 19, 2013, 11:30:07 PM
 #23

sniffinpoprocks,

If BFL was mining at one of its four associated mining farms in Kansas it could make $2,201 total income per 5 GH/S Jalapeno mining continuously from today to the end of 2014, assuming a $100 bitcoin average rate and the current difficulty of 11,187,257 increased at 18% each two weeks (or $2,570 if difficulty increased at 15%). 

So actually $2,201 is substantially larger than they would get from sending to customers as you mention.

I am not claiming the company is mining for its own benefit, I am simply stating expect further delays if one ordered today, if they are. It may help customer confidence if they made a categorical and full denial of having any benefit in mining whatsoever other than purely testing.

Unfortunately many of pre-order customers are missing out on the investment return they should have received if the company shipped according it's promises.


[copy of previous post 11/5/13]

... Expect an even later delivery if BFL start mining for their own benefit from cancelled orders. Your purchase is therefore a massive gamble....

I think that point is not valid. For example: If I can make a widget with a ROI of a month and it costs me $100 to make it. Would I sell it today for $200 and use that to make two more that I could sell tomorrow, or keep that one for a month just to make $200? The economics favor selling and shipping as fast as possible so more are on the market and more will get ordered. They will make more money shipping(hence attracting more customers) than actually mining.

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May 20, 2013, 12:55:32 AM
 #24

If you give them any money you will be right back here cursing them with us soon after.

Give your money to a company that actually delivers like Avalon or ASICMiner, as the only two I have seen so far actually do what they promised and are not engulfed in justified community drama.

Don't support BFL, they don't deserve it.

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