Epoch
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December 08, 2013, 02:07:01 AM |
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And I thought BFL pricing was ridiculously high ... this isn't much better. I suspect there will be plenty of people to lap some up, but I'll pass this round. It doesn't sit well when the same board used to be $500 just a couple of months ago.
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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goxed
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Activity: 1946
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Bitcoin / Crypto mining Hardware.
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December 08, 2013, 02:08:44 AM |
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Any word on the 500 or so defective boards Dave mentioned?
I imagine those would take additional work since they need to be marked in some way to distinguish them from the new boards. IE: The folks that buy a new A/C at wally world and return the 12 year old clunker in the box a week later. Sharpies do nicely Cool, I would be interested in these boards as well. $100 - $200 a pop would be a nice price for EOL cards. BTW do you still have those 2layer gaffe boards ?
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Revewing Bitcoin / Crypto mining Hardware.
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buzzdave (OP)
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Merit: 250
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December 08, 2013, 02:09:17 AM |
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And I thought BFL pricing was ridiculously high ... this isn't much better. I suspect there will be plenty of people to lap some up, but I'll pass this round. It doesn't sit well when the same board used to be $500 just a couple of months ago. BTC went up a bit...
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Swimmer63
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Activity: 1593
Merit: 1004
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December 08, 2013, 02:09:41 AM |
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Price is borderline insulting.
EDIT: So when you said breakeven in 2 months you meant only if difficulty stays where it is for 60 days. In other words no one else in the world adds any additional hashing power to the network. Buyer beware. Based on current difficulty increases best case is you lose $350 in the first year.
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allinvain
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Merit: 1080
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December 08, 2013, 02:10:22 AM |
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There are better deal out there, even if this other hardware consumes more electricity. 11 btc for 280 GH? Why in the hell would I do that when I can get a Jupiter for just a few coins more and get 550 to 650?!
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Asinine
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December 08, 2013, 02:11:14 AM |
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This is like watching drunks curse the price of the booze they're drinking...
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nexus99
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December 08, 2013, 02:12:38 AM |
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Good boards OC to 35GH/s with little effort Cool, so OC they run about the same speed as a Chili.
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davecoin
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December 08, 2013, 02:12:53 AM |
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There are better deal out there, even if this other hardware consumes more electricity. 11 btc for 280 GH? Why in the hell would I do that when I can get a Jupiter for just a few coins more and get 550 to 650?!
These are in stock, most likely ready to ship. Jupiters are not. The only other ASIC hardware that's available at a reasonable price is the Antminer, but they have been forum/auction style sales only so far.
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Epoch
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Activity: 922
Merit: 1003
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December 08, 2013, 02:13:55 AM |
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And I thought BFL pricing was ridiculously high ... this isn't much better. I suspect there will be plenty of people to lap some up, but I'll pass this round. It doesn't sit well when the same board used to be $500 just a couple of months ago. BTC went up a bit... I understand the business sensibilities. Nothing personal; this just isn't for me. One thing that I do like is the immediate availability of the hardware; the whole pre-order thing is starting to wear thin. Best of luck, Dave; I'll keep watching this space for further developments.
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skrazy
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December 08, 2013, 02:14:51 AM |
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Are the H-cards even in stock?
Was hoping to fill out my starter kit but at that price point... yikes.
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Syke
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December 08, 2013, 02:15:12 AM |
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I didn't think the v1 boards were in stock. I plan to turn on sales of H-cards tomorrow. Remember, V1 H-cards will take a bit longer to get, but our manufacturer is very fast.
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Buy & Hold
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Swimmer63
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December 08, 2013, 02:17:52 AM |
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You would be better off buying Cubes. They are immediately available.
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tom99
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December 08, 2013, 02:19:37 AM |
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Are the H-cards even in stock?
Was hoping to fill out my starter kit but at that price point... yikes.
yes, in stock but for me I think I will pass it and too much for me 1kusd for one hboard. yes, btc gone up but diff gone up + hashrate on pool up too.
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klondike_bar
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ASIC Wannabe
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December 08, 2013, 02:22:51 AM |
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And I thought BFL pricing was ridiculously high ... this isn't much better. I suspect there will be plenty of people to lap some up, but I'll pass this round. It doesn't sit well when the same board used to be $500 just a couple of months ago. BTC went up a bit... At the current BTC price of under $1000, these boards make no sense based on the instantaneous usd/btc rate. It would make far more sense to price hardware in BTC, with instantaenous conversion rate to USD (like the opposite of bitpay). These boards will struggle to return more than 0.8BTC each in favorable conditions, and the current price is roughly 1.5BTC ps: it would be nice to see the v1.2 boards at a slightly lower price, simply as a favor to those that bought starter kits, and had only 1 small opportunity in october to fill them.
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allinvain
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December 08, 2013, 02:25:45 AM |
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Next diff adjustment (eta 2.5 days) you can expect to earn $405 per month (at the current btc price 688 which is likely to go lower still). If you pay with btc you _may_ break even in 3 months.
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Epoch
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December 08, 2013, 02:38:23 AM |
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Next diff adjustment (eta 2.5 days) you can expect to earn $405 per month (at the current btc price 688 which is likely to go lower still). If you pay with btc you _may_ break even in 3 months.
Um, no. $700/BTC, diff 910 million (2.5 days from now. You cannot get these cards before then), 30 day period, 25GH/card: you will earn $300. But guess what what: we will see at least *TWO*, and perhaps *THREE* difficulty increases during that 30 day period. So your true earnings will be significantly less than $300. Closer to $200. Not sure how you are getting $405. Sure, we can assume a best-case hashrate of 35GH/card. So instead of earning $200 in 30 days you will earn $250. I think it is pretty clear that these boards are unlikely to earn back their $1000 purchase price. Not in BTC, and not in fiat. Not unless $/BTC goes up significantly. But if you think $/BTC will go up, you are better off buying coins directly and holding. If you think $/BTC is going to go down, this deal becomes even less attractive.
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allinvain
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Merit: 1080
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December 08, 2013, 02:45:04 AM |
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Next diff adjustment (eta 2.5 days) you can expect to earn $405 per month (at the current btc price 688 which is likely to go lower still). If you pay with btc you _may_ break even in 3 months.
Um, no. $700/BTC, diff 910 million (2.5 days from now. You cannot get these cards before then), 30 day period, 25GH/card: you will earn $300. But guess what what: we will see at least *TWO*, and perhaps *THREE* difficulty increases during that 30 day period. So your true earnings will be significantly less than $300. Closer to $200. Not sure how you are getting $405. Sure, we can assume a best-case hashrate of 35GH/card. So instead of earning $200 in 30 days you will earn $250. I think it is pretty clear that these boards are unlikely to earn back their $1000 purchase price. Not in BTC, and not in fiat. Not unless $/BTC goes up significantly. But if you think $/BTC will go up, you are better off buying coins directly and holding. If you think $/BTC is going to go down, this deal becomes even less attractive. You are right, a bad deal no matter which way you slice it. I was just pasting the results of the alloscomp bitcoin calculator. Bear in mind that it shows the earnings for the current diff period and their estimated next diff rise, but it is all totally speculative and no way you can rely on their estimate.
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Epoch
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December 08, 2013, 02:51:32 AM Last edit: December 08, 2013, 04:11:18 AM by Epoch |
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At the current BTC price of under $1000, these boards make no sense based on the instantaneous usd/btc rate. It would make far more sense to price hardware in BTC, with instantaenous conversion rate to USD (like the opposite of bitpay). These boards will struggle to return more than 0.8BTC each in favorable conditions, and the current price is roughly 1.5BTC As a point of reference, I ordered a 650GH Jupiter last month arriving this Monday. Paid $4500. Today for the same $4500, I can only buy 4.5 25GH H-cards with a combined hashrate of ~130GH. In other words, 5x as expensive.
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Keefe
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December 08, 2013, 02:52:08 AM |
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I won't pay more than 0.85 BTC for a 36GH H-board, maybe 0.90 BTC if I were desperate, regardless (within reason) of the exchange rate. $999 would have made sense 3 days ago, but now it's a ripoff.
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allinvain
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December 08, 2013, 03:30:10 AM |
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Maybe Dave's availability counter is broken, cause I don't see the quantity available changing from 1000 at all. What's wrong with you fools, buy the boards now!!
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