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June 26, 2013, 04:16:09 AM |
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it's based off on profitability at that time which is retarded. They calculate 2-3 months in advance how much money you should make a month and charge that. For example if 2 months from now it's calculated that you should make $5,000/mo they will charge you 5k.
The problem with this approach as been mentioned before does not take into account BitCoin price, how do they know if BitCoin will not go down in price, to pretty much push your profitability to nothing. It's actually a greed tactic deployed by these assholes to lock in high margins for their products.
They don't lose anything if the price goes up besides potential higher margins, but they protect themselves if price of bitcoin goes down. These guys are making hundreds of % in profits, they don't want to be a normal company who charges double the cost of production, they wan't to charge people 10X 100X the cost of production, so hence they use their bullshit tactics.
but they pass it off as a fair way to price things. The proof is in Batch #1 they charged around $1,300, so at $1,300 they were profitable, batch #2 with their "new fair pricing" when bitcoin hit peaks, they were charging $15K for the devices! A profit of 1500%
Moral of the story their pricing is based on trying to charge people as much as they can get away with, therefore scumbags, that's why no one will know about these assholes in the future, they made millions though so I'm sure they could care less, it's just pretty stupid though they could of made hundreds of millions if they were honest and treated their customers right, but hey crooks only think short term.
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