[ANN] US/North American Bitfury sales NEW STOCK ***NOW SHIPPING***

[bkpduke]

Mining traders?  Mine the coins and then hoard them to push the price up?

Just saying

[Cablez]

I guess we'll start to see in a few weeks..  I have the cost of a moderate house riding on KNC and the cost of a compact car riding on BitFury.  I bought a crapload of BFL stuff, too, but it's likely to be worthless by the time it's delivered.

I know that this argument has been done to death but if you really are putting that kind of capital into mining hardware you would be much better served just buying BTC on the dips and riding waves.
Mining profit potential will be decreasing drastically and we do not know if any vendor can even meet their deadlines. BTC profit potential is much greater with discipline and a good strategy. Just saying

Cablez,

Miners is miners and traders is traders...and never the twain shall meet...

In a way you are right.  I do both and am not very good at either. lol

[rustyh17]

I guess we'll start to see in a few weeks..  I have the cost of a moderate house riding on KNC and the cost of a compact car riding on BitFury.  I bought a crapload of BFL stuff, too, but it's likely to be worthless by the time it's delivered.

I know that this argument has been done to death but if you really are putting that kind of capital into mining hardware you would be much better served just buying BTC on the dips and riding waves.
Mining profit potential will be decreasing drastically and we do not know if any vendor can even meet their deadlines. BTC profit potential is much greater with discipline and a good strategy. Just saying

Cablez,

Miners is miners and traders is traders...and never the twain shall meet...

In a way you are right.  I do both and am not very good at either. lol

We're swimming in the same pool brother....

[2400baud]

Same. I bought some coins and I bought some mining hardware. I'm interested in ROI I but i'm also here for the long haul and probably will be hoarding my coins and not selling immediately to cover expenses.

I guess we'll start to see in a few weeks..  I have the cost of a moderate house riding on KNC and the cost of a compact car riding on BitFury.  I bought a crapload of BFL stuff, too, but it's likely to be worthless by the time it's delivered.

I know that this argument has been done to death but if you really are putting that kind of capital into mining hardware you would be much better served just buying BTC on the dips and riding waves.
Mining profit potential will be decreasing drastically and we do not know if any vendor can even meet their deadlines. BTC profit potential is much greater with discipline and a good strategy. Just saying

Cablez,

Miners is miners and traders is traders...and never the twain shall meet...

In a way you are right.  I do both and am not very good at either. lol

We're swimming in the same pool brother....

[dracore]

Probably as end of November comes around, ROI will be so slow that in order to really make any money, you'll need to get a 100TH machine.  Hopefully by then you will have mined enough to pay for that.

It's a mad cycle!!   

[2400baud]

Pretty much. I'm already stroking my beard like... hmmm should I buy 3 more H-Boards or not?  It'll be interesting to see who wins the arms race in a years time and how =)

Probably as end of November comes around, ROI will be so slow that in order to really make any money, you'll need to get a 100TH machine.  Hopefully by then you will have mined enough to pay for that.

It's a mad cycle!!   

[rustyh17]

The only ones that win the arms race are the one building the arms. 

[greaterninja]

Its a mining race.  Just like the gold rushes, the people that make out the most are the people selling the mining tools.
If you mine and sell tools then you have the best of both worlds.
In this race there will be a handful of winners, while most will barely pass ROI or worse.

[cet]

I guess we'll start to see in a few weeks..  I have the cost of a moderate house riding on KNC and the cost of a compact car riding on BitFury.  I bought a crapload of BFL stuff, too, but it's likely to be worthless by the time it's delivered.

I put a refund request into BFL, no response.  Of the three companies (BFL, KnC, BitFury) BFL has been the least responsive to all email I've sent.  The email I've sent to either KnC or BitFury has been answered in under a day.

/cet

[tom99]

I guess we'll start to see in a few weeks..  I have the cost of a moderate house riding on KNC and the cost of a compact car riding on BitFury.  I bought a crapload of BFL stuff, too, but it's likely to be worthless by the time it's delivered.

I put a refund request into BFL, no response.  Of the three companies (BFL, KnC, BitFury) BFL has been the least responsive to all email I've sent.  The email I've sent to either KnC or BitFury has been answered in under a day.

/cet

  Can I ask you when did you ask for refund?  I am thinking to do same thing with one of 2 orders.

[cet]

  Can I ask you when did you ask for refund?  I am thinking to do same thing with one of 2 orders.

A few days ago.  Since then I've seen a note in the BFL forums indicating that Josh has set a no refund policy.  Other posts indicate that refunds take 3-4 days to process, and then a while longer to post to your bank account.

/cet

[tom99]

  Can I ask you when did you ask for refund?  I am thinking to do same thing with one of 2 orders.

A few days ago.  Since then I've seen a note in the BFL forums indicating that Josh has set a no refund policy.  Other posts indicate that refunds take 3-4 days to process, and then a while longer to post to your bank account.

/cet

  you can also check your account for anything changed for status.


ps: dont forget to report back here for good news and maybe I will try it too.

[Cablez]

The only refunds you guys will see are through chargebacks.

[Swimmer63]

I think that whoever actually produces and delivers, on time and as promised, an economical product can own this market.  (I'm not counting BFL as delivering - one days worth of orders shipped per week with more than a years worth of backlog is NOT delivering)

+1

[madsusies]

Its a mining race.  Just like the gold rushes, the people that make out the most are the people selling the mining tools.
If you mine and sell tools then you have the best of both worlds.
In this race there will be a handful of winners, while most will barely pass ROI or worse.

Sir why do you not join the Bitfury team, you look same foo w/o any plans to the future production.
Renting factory space 5000$...& more
Hire the people 20-40 10k-20k each month Salaries
Minig chips = taiwan minimum 10 000 pieces waiting time 30-60 days
Cost of sony emcs cnc machines...do not beter ask  just pay twice for outsourcing work

At the end you got stupid employees who make smoking and burning asics units like in BFL case. I like An American people seeing at the end cheap product but unable realize the all cost of mass production.

[Mobius]

Additional H boards Oct Delivery are only being done via Credit Card?
No option for bitpay?

[bkpduke]

Additional H boards Oct Delivery are only being done via Credit Card?
No option for bitpay?

PM Dave.  IIRC Bitcoin transactions are still done manually.

[tom99]

Additional H boards Oct Delivery are only being done via Credit Card?
No option for bitpay?

  you can check post #291 post by Dave for pay by bitcoin.

[Mobius]

Has an IRC channel been setup?

[Loredo]

Look what showed up today 

These are not for August product - of course that goes directly to pcb fab.  Tytus sent me this.

Wow!  A nine track tape!  I haven't seen one of those in years.  You still have a working drive to read that bad boy?

NOTE:  Okay, Mr. Moderator, you may delete this without any bad feeling from me.  I just couldn't resist the visual similarity.  I apologize in advance.  Out for the weekend.