[AUCTION] Butterfly Labs [BFL ASIC] 60 GH/s SC | 6/23/12 Pre-Order!

[Jezzz]

This is an auction for ONE (1) BFL SC 60 GH/s ASIC pre-order.  BFL Order #1765 placed on 6/23/12.

	Minimum Bid:	50 BTC (+1 BTC Increments)
	Auction End:	2:00 PM EDT on June 7, 2013
	Escrow:	Payment will be held in escrow with Graet.  Escrow will protect the buyer against me receiving the item from BFL and subsequently not shipping it to you.  Escrow WILL NOT protect against BFL non-delivery.  Buyer assumes all risk of manufacturer default.
	Shipping:	I will ship within 1 business day of receiving the item from BFL.  In all likelyhood it will ship same day.  Shipping is free to the lower 48 US States.  Other locations will need to pay the difference. Unless requested, I will not open the box.  I will simply put a new shipping label on it and send it out.

Happy bidding,
Jezzz

Timer removed. End time: 2013-06-07+13:00:00

[1715176563]

1715176563

[1715176563]

1715176563

[danieldaniel]

50 BTC for a $733 order?  Hah.

[Transisto]

50 BTC for a $733 order?  Hah.

How many BTC do you think he paid to get this early in the queue ? I guess ~80

[Jezzz]

50 BTC for a $733 order?  Hah.

Honestly, I expect it to end up a good bit higher than 50 BTC.  FYI.  BTC was about $5 when I paid for this item.  You can do the math. 

[elgreco]

Well, hell... I guess I'll kick this off.

50BTC.

[starsoccer9]

51

[eyecoins]

52

[elgreco]

53

[aerobatic]

pure discussion...

lets ignore the (potentially high) risk of bfl delivering any units at all in a sensible timeframe and assume they will actually ship the units relatively soon once the problems are solved... and lets just focus on the value of an early delivery versus a new order... 

if this is a june2012 order (1st batch?) lets assume (pure guess) it might arrive in aug/sept (2013)..

the problems theyve been having that prevented any shipments of this model will presumably eventually be cured, allowing them to start shipping and begin ramping up in volume.. perhaps theyre even stockpiling boxes ready to ship once problems are solved which could mean they  hit their stride and ship a lot out in a short space of time.  rumours of them trying to source a beefy enough psu etc.  once sourced, the problem is cured.  right?

53 btc, at today's price is er $7k ish.   a new one, bought today and entering the queue at the end would retail would for $2.5k (a feb 2013 one was $1.5k), thus the premium for an early order is attracting approx $5k over list price.  So the big question is, HOW MUCH EARLIER will it be?  and whats that worth?  is arriving, say 60-90 days earlier than a recent order, worth paying at least $5k premium for?   has anyone figured this out...?  whats the breakeven point?

-- Jez

[SGExodus]

If the machine can be shipped within the next 2-3 weeks, it can make a life-time earning of over 260 BTC.

Having said that, people aren't willing to bid too high for a pre-order.   Bid price will be much higher if it's a machine in-hand ready to be reshipped

[Jezzz]

pure discussion...

lets ignore the (potentially high) risk of bfl delivering any units at all in a sensible timeframe and assume they will actually ship the units relatively soon once the problems are solved... and lets just focus on the value of an early delivery versus a new order... 

if this is a june2012 order (1st batch?) lets assume (pure guess) it might arrive in aug/sept (2013)..

the problems theyve been having that prevented any shipments of this model will presumably eventually be cured, allowing them to start shipping and begin ramping up in volume.. perhaps theyre even stockpiling boxes ready to ship once problems are solved which could mean they  hit their stride and ship a lot out in a short space of time.  rumours of them trying to source a beefy enough psu etc.  once sourced, the problem is cured.  right?

53 btc, at today's price is er $7k ish.   a new one, bought today and entering the queue at the end would retail would for $2.5k (a feb 2013 one was $1.5k), thus the premium for an early order is attracting approx $5k over list price.  So the big question is, HOW MUCH EARLIER will it be?  and whats that worth?  is arriving, say 60-90 days earlier than a recent order, worth paying at least $5k premium for?   has anyone figured this out...?  whats the breakeven point?

-- Jez

At current BTC price and difficulty, this unit will earn roughly 2.5 btc per day ($320/day).  At that rate, it will take the unit less than 22 days to make $7000. 

There are nearly 12 months worth of orders placed after this unit.  The potential number of units orders could be significant.  I would guess it will take BFL many many months to catch up to current once they start shipping.  I don't think 8-10 months is an unrealistic estimate of their catch-up time.  Obviously, that's pure conjecture since no one knows how many units were ordered in the last 12 months, their projected units shipped per day, etc.

[dwdoc]

Unlikely but what if you receive the unit before the auction ends? Is there a "buy it now" price?

[Jezzz]

Unlikely but what if you receive the unit before the auction ends? Is there a "buy it now" price?

I didn't factor that in prior to the auction going up.  So no, but I will post that I received it.  It seems unlikely that I will receive it in the next 7 days.

[dwdoc]

54

[elgreco]

55

[Caesium]

60

[elgreco]

Hey, how do these forum auctions work? I don't want to get sniped at the last moment, but I also don't want to put in a bid that is much higher than anyone is bidding. Is there any way to make this ebay style so that the winning bid is incrementally higher than the second to last bid?

[elgreco]

61

[Qbert]

1 @ 61.5BTC

How will you be shipping the unit?

[setkeh]

75 BTC