[SOLD] [WTS/A] BFL Jalepeno Preorders 5GHs - Order #1776 6/23/2012

[sadpandatech]

These are in route to me now!

Order #1776 https://bitcointalk.org/index.php?topic=89685.0

Purchased RJK's order back in July 2012;  https://bitcointalk.org/index.php?topic=91743.msg1019338#msg1019338

Anyways, I just got a shipping notification from BFL

Will auction as individual or as a pair.
Buyer pays S&H @ 0.1BTC for single or 0.145 for both. Overnight shipping is an additional 0.2 per unit.


Starting bid

One = 24.5BTC  Increments of 0.5 or greater

Two = 46.5BTC  Increments of 0.5 or greater

No reserve set and will determine winning bid(s) by 5/23/2013 @8PM EST  Or sooner if they are in hand earlier than that time. Not sure what shipping method BFL actually used yet.

[huangxin]

Too expensive

[bearsworth]

you do realize you're selling this for the equivalent of an eruptor which is already released for 50 btc... maybe a slight change in price would be fair?

[sadpandatech]

you do realize you're selling this for the equivalent of an eruptor which is already released for 50 btc... maybe a slight change in price would be fair?

I might could come down a bit.

Though, to be fair an eruptor does 10GH and costs 50BTC.  Both of these do 10GH and costs 46.5BTC.

And, these are shipping ASAP from US. Blades are 4-5 days to Euro, 8+ for US.??  Anyone know for sure>?


I am willing to listen to any reasonable offers. Ideally nothing less than what the units will turn out in 90 days (Daily 0.224771  per unit), otherwise I'll just put them to work myself.



cheers

[sadpandatech]

Current best offer in via PM is 22 BTC.

still not quite where I would be willing to part with these.

[huangxin]

The price 5 times

But not freight.

but you buy 410 dollars.

[sadpandatech]

The price 5 times

But not freight.

but you buy 410 dollars.

Yep I paid about $410 for these 10 months ago. I believe it costs me ~137BTC at the time.

Now I intend to operate them and generally calculate my numbers using a 90-120 day scale.

If I cannot get 90 days earnings for these in cash (BTC preferably) then it is not worth selling.  This pricing formula is more than fair and is in-line and in many cases lower than buying any other mining gear right now.

Optionally, one could buy their own Jale now and maybe receive it in 10 months when they make 1/4 per day what they will for the next few months.

cheers,
 Panda

[Photon939]

23 btc

[bearsworth]

I think people were able to get 12 gh/s off of them quite easily plus they've been released for some time compared to the pre order. You do make some sense though as its fair to want to get more than 90 day investment. Best of luck.

you do realize you're selling this for the equivalent of an eruptor which is already released for 50 btc... maybe a slight change in price would be fair?

I might could come down a bit.

Though, to be fair an eruptor does 10GH and costs 50BTC.  Both of these do 10GH and costs 46.5BTC.

And, these are shipping ASAP from US. Blades are 4-5 days to Euro, 8+ for US.??  Anyone know for sure>?


I am willing to listen to any reasonable offers. Ideally nothing less than what the units will turn out in 90 days (Daily 0.224771  per unit), otherwise I'll just put them to work myself.



cheers

[sadpandatech]

23 btc

Each or on one, m8?


I am of course willing to use escrow for anyone that is wondering.

cheers

[sadpandatech]

I think people were able to get 12 gh/s off of them quite easily plus they've been released for some time compared to the pre order. You do make some sense though as its fair to want to get more than 90 day investment. Best of luck.

Aye, those blade units are very nice. Thanks for your input.

  Yea, from a sales perspective, the old thinking for earnings calculations was 9-10 months. In this fast paced, ASIC driven hashing environment it is prudent to bring those calculations down closer to the 90 day range. And following that, of course it makes sense to utilize hardware versus selling it if one cannot sell it for atleast 90 days of earnings. This time basis for cost averaging may even come down tighter as difficulty increases and I will continue to readjust with it as all interested parties in the mining sector should.

  I'm in no bind financially or outside of my desire to continue mining to want to let them go for too little. Though I am not at all close minded to the benefit of receiving the earnings up front in exchange for having the liquid assets to use in other ways now versus waiting for the earnings. I stay pretty busy when it comes to calculating and recalculating the best use of my time and assets.

Yep I paid about $410 for these 10 months ago. I believe it costs me ~137BTC at the time.

Now I intend to operate them and generally calculate my numbers using a 90-120 day scale.

If I cannot get 90 days earnings for these in cash (BTC preferably) then it is not worth selling.  This pricing formula is more than fair and is in-line and in many cases lower than buying any other mining gear right now.

Optionally, one could buy their own Jale now and maybe receive it in 10 months when they make 1/4 per day what they will for the next few months.

cheers,
 Panda

You're in a pickle, I would say no one would pay 24BTC and you spent 137 BTC. Whoever is buying at 24 BTC will have at least 4 months for an ROI and that is if the difficulty doesn't spike up like crazy. If you mine yourself you will never get the 137 back with those not even in a year or two of mining as they will be obsolete in a year.
I would just mine with them and try to shorten my losses, but who knows, there's always someone that wants to buy something at those prices... you can only hope!

HEHE, no pickle here, m8. =)  I did and maintain still today that it was better to hold bitcoins in pocket than it was to buy hardware (especially preorder hardware) with them. This was an opportunity that I grabbed because I could and had the spare coins laying about outside of other investments at the time. I stated that I used about 137BTC just for full disclosure of the circumstances at the time and to add to the convo, as it were. As such, I was not and am not under any false assumptions that this hardware would ever return xn BTC, due to the long lead times involved.

Yep, @ 24BTC per unit it would take ~106 days at current difficulty to pay off. No one with any sense is missing that ball, as I would like to think myself and anyone else who spends money on mining spends an equal amount of energy constantly recalculating costs/earnings/time.

That said, there are no losses to shorten and only opportunities to gain. Gain by mining and utilizing the earnings intelligently as they are made or gain by short selling and utilizing the earnings intelligently now.

Thanks for your inputs, friend.

Cheers,
 Panda

[Photon939]

my bid was for one unit, also where are you located roughly?

[JayCoin]

one for 25btc

[sadpandatech]

my bid was for one unit, also where are you located roughly?

23 btc

Gotcha
Bid Noted

Florida, US

one for 25btc

Bid Noted

[GuiltySpark343]

Given recent exponential rise in difficulty, I've personally experienced a 20% 10% reduction in returns every 2 weeks over the past 4-6 weeks at constant hashrate. Have others experienced a similar trend?

If this trend is valid and continues, then 5 GH/s would generate 0.22 btc/day now, 0.176 0.20 in 2 weeks, etc etc.

After 90 days (12 weeks), it would only generate 0.07 0.14 btc/day, and you would have earned only 11 14ish BTC.

[sadpandatech]

Given recent exponential rise in difficulty, I've personally experienced a 20% reduction in returns every 2 weeks over the past 4-6 weeks at constant hashrate. Have others experienced a similar trend?

If this trend is valid and continues, then 5 GH/s would generate 0.22 btc/day now, 0.176 in 2 weeks, etc etc.

After 90 days (12 weeks), it would only generate 0.07 btc/day, and you would have earned only 11 BTC.

You've personally experienced getting ripped off by your pool then.


This increase in difficulty has imho stabalized a bit for now as most current asic hardware is out in the wild now and BFL have a new delay on getting any more units than the first few days worth (and only Jalepenos at that) that very few people actually ordered in that time period. I was lucky enough to buy one of those first few orders on a hunch/whim.

Last increase was 10% and next is currently estimated at 7%, The few before that were even greater as referenced here;
https://spreadsheets.google.com/pub?hl=en&hl=en&key=0AmcTCtjBoRWUdHVRMHpqWUJValI1RlZiaEtCT1RrQmc

3/24/2013    38.13%
4/5/2013      14.59%
4/17/2013    16.96%
4/29/2013    12.28%
5/12/2013    11.03%
and
Next 237888 25/05/2013 21:17 11'969'606.20 x1.07   Thats ~7%  estimated of course. source;
http://dot-bit.org/tools/nextDifficulty.php

Not to mention the Price has GREATLY outweighed the difficulty increase.............

Not sure if you're trolling or just horrible at maths but thanks for your input, m8. ;p

Regards,
  Panda

[GuiltySpark343]

Wow, that's rather aggressive to call me a troll or incompetent. Looking at the spreadsheet you linked, and the 4-6 week period I mentioned, my hashrate of 1800 MH/s:

DATE             DIFF   BTC/DAY   CHANGE
17-Apr   8974296   0.100            ---
29-Apr   10076293   0.090            -10.2%
12-May   11187257   0.081            -9.9%
26-May   12305983   0.074            -9.1%

So my guesstimate of -20%/2 weeks is more like -10%/2 weeks. At the end of 90 days @ 5 GH/s you would have gone from earning 0.22 BTC/d to 0.13 BTC/d, and would have earned a total of 14.4 BTC.

Last increase was 10% and next is currently estimated at 7%

Again, using the numbers about from the spreadsheet you linked, the next projected difficulty increase is (12305983 - 11187257)/11187257 = 10%, not 7%. Oh, and the BTC/USD in that spreadsheet you linked? On 17-Apr it was $139. At the time of this writing? It is $124. sad panda indeed! Please feel free to check my math, as I may be incompetent.

[sadpandatech]

Wow, that's rather aggressive to call me a troll or incompetent. Looking at the spreadsheet you linked, and the 4-6 week period I mentioned, my hashrate of 1800 MH/s:

DATE             DIFF   BTC/DAY   CHANGE
17-Apr   8974296   0.100            ---
29-Apr   10076293   0.090            -10.2%
12-May   11187257   0.081            -9.9%
26-May   12305983   0.074            -9.1%

So my guesstimate of -20%/2 weeks is more like -10%/2 weeks. At the end of 90 days @ 5 GH/s you would have gone from earning 0.22 BTC/d to 0.13 BTC/d, and would have earned a total of 14.4 BTC.

Last increase was 10% and next is currently estimated at 7%

Again, using the numbers about from the spreadsheet you linked, the next projected difficulty increase is (12305983 - 11187257)/11187257 = 10%, not 7%. Oh, and the BTC/USD in that spreadsheet you linked? On 17-Apr it was $139. At the time of this writing? It is $124. sad panda indeed! Please feel free to check my math, as I may be incompetent.

Either way, your 20% was 10%

And the upcoming is now 6%.

I linked a different source for the upcoming change for a reason. It is in real time. The google doc chart is updated manually so is not accurate for next diff change.
http://dot-bit.org/tools/nextDifficulty.php

I'm not going to waste any more time debating the usefulness of the periods of time you picked for the price as they are only relevant for those periods of time and do not at all show a complete picture whne dealing with investment periods of 90-100 days.

I take back the troll/horrible maths (you are the only one who said incompotent btw) and leave you with 'Exaggerator,' who is posting in a sales thread. With you having no interest in it because?

If you want to make a bid, feel free. I can play nice. Otherwise, please save the other discussions for the appropriate threads.

Regards,
 Panda

[GuiltySpark343]

Truce, then. Good luck with your sale! Caveat emptor.

[JayCoin]

Did I win?