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

[tom99]

yes, makes sense to sell overpriced H boards to the public. after all, they are running big mine operation.


luckily, those times of only 2 ASIC suppliers are over, and there is much more competition now.

Um, ASICMiner, Avalon, Butterfly Labs and BitFury (with the addition of BitMain Antminer) all selling shocking overpriced mining gear... seems just like the old days to me.  No one else is currently delivering although VMC claims to be but no one outside of VMC has ever seen one.

   I think BFL is shipping nowfor 25, 50 and 500Gh/s miner.

[tarmi]

Um, ASICMiner, Avalon, Butterfly Labs and BitFury (with the addition of BitMain Antminer) all selling shocking overpriced mining gear... seems just like the old days to me.  No one else is currently delivering although VMC claims to be but no one outside of VMC has ever seen one.

yes, but now you got Knc, AntMiner, BlackArrow, Hashfast, Cointerra, etc.

[xstr8guy]

Um, ASICMiner, Avalon, Butterfly Labs and BitFury (with the addition of BitMain Antminer) all selling shocking overpriced mining gear... seems just like the old days to me.  No one else is currently delivering although VMC claims to be but no one outside of VMC has ever seen one.

yes, but now you got Knc, AntMiner, BlackArrow, Hashfast, Cointerra, etc.

In your list above, other than BitMain's AntMiner, none are shipping new orders from stock.  KNC is only shipping preorders and that ends very soon then you have to wait until Neptune preorders arrive sometime in the first half of 2014,  Cointerra, BlackArrow, HashFast, Bitmine.ch, VMC and some others are still NOT shipping preorders.  And I imagine some in that list will NEVER ship.

If you want a miner in a week or less, you're going to have to order from Butterfly Labs, ASICMiner or Avalon (the original 3) or do the auction game to get an AntMiner.

[Trongersoll]

But, the thing the sellers need to remember is that bitcoin goes up in jumps, not steadily. The difficulty on the other hand rises between expoential and linear. You can't justify raising the price because bitcoin value goes up. Difficulty already corrects for that by continually decreasing the amount of bitcoins any given miner can make.

[joris]

The first sales were in the order of 20 BTC per miner, now they seem around 1 BTC. Which one was a definitely losing proposition?

Diff went only up about ten times (while exchange value exploded and is twentyfold of preorder time for Augst delivery).

(Punin's) BTC price doesn't seem very unfair to me. Let go those fiat mind warps and just praise those smart ASIC producers, who will make an awesome lot of fiat and actually work for it. And if you disagree, just sit tight on your coins and make an awesome lot of fiat without any significant labour involved.

[xstr8guy]

The first sales were in the order of 20 BTC per miner, now they seem around 1 BTC. Which one was a definitely losing proposition?

Diff went only up about ten times (while exchange value exploded and is twentyfold of preorder time for Augst delivery).

(Punin's) BTC price doesn't seem very unfair to me. Let go those fiat mind warps and just praise those smart ASIC producers, who will make an awesome lot of fiat and actually work for it. And if you disagree, just sit tight on your coins and make an awesome lot of fiat without any significant labour involved.

I agree 100%!  And even if it was "unfair" in some way, as long as they can still sell their desired number of boards, then they are simply selling at the price the market will bear.

It's so simple to understand but people still just don't get it.  It's the MOST basic principle of economics... supply and demand.  If you think something is overpriced you have every right to not buy it.  Vote with your dollars, bitcoins, euros, whatever.  But you have no authority to tell anyone how they should price their products.

[Syke]

It's so simple to understand but people still just don't get it.  It's the MOST basic principle of economics... supply and demand.  If you think something is overpriced you have every right to not buy it.  Vote with your dollars, bitcoins, euros, whatever.  But you have no authority to tell anyone how they should price their products.

But that's the thing. I want to buy Bitfury boards because they've done good in the past. But I'm not going to overspend. I hate to buy something else, but I will if they chose to overcharge.

[buzzdave]

I think we are trying to offer hardware at a price that will support fast ROI - 2 months if prices hold up, less if prices continue to climb.  Those that complained about prices back in September/October got very quiet as BTC skyrocketed.  This is great - we cheer for our customers who had the courage to pre-order with us and now reap the benefit!

At this time, the only pre-order-able offer from me is going to be reels (deliver mid-late February) at $5/chip, or full mines (minimum 250TH, contact me if you are interested).  I will not be able to provide CC processing for chips by the reel, sorry.  Oh - after the debacle of last minute cancellations on reels, I won't be offering a refund policy on them.  They are Non Cancel - Non Return items.

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.  I will sell as many of those as you guys demand.  I do have some V1-V2 M-boards also, so I can offer some old-style full rigs.  Note that I am not planning on opening sales for full new rigs just yet - though it may happen.  The main intention is to support our V1 & V3 rig customers.  New style H-cards (marked V2.2) can ship immediately and are not pre-mined.

I'll turn on sales for USB miners maybe by this weekend, so you can buy them for stocking stuffers

There's also been a fair bit of demand for faulty fix-it-yourself cards.  I think I'll find a way to sell those, as I have a few hundred sitting in boxes.

Best,
Dave

[Keefe]

I think we are trying to offer hardware at a price that will support fast ROI - 2 months if prices hold up, less if prices continue to climb.  Those that complained about prices back in September/October got very quiet as BTC skyrocketed.  This is great - we cheer for our customers who had the courage to pre-order with us and now reap the benefit!

At this time, the only pre-order-able offer from me is going to be reels (deliver mid-late February) at $5/chip, or full mines (minimum 250TH, contact me if you are interested).  I will not be able to provide CC processing for chips by the reel, sorry.  Oh - after the debacle of last minute cancellations on reels, I won't be offering a refund policy on them.  They are Non Cancel - Non Return items.

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.  I will sell as many of those as you guys demand.  I do have some V1-V2 M-boards also, so I can offer some old-style full rigs.  Note that I am not planning on opening sales for full new rigs just yet - though it may happen.  The main intention is to support our V1 & V3 rig customers.  New style H-cards (marked V2.2) can ship immediately and are not pre-mined.

I'll turn on sales for USB miners maybe by this weekend, so you can buy them for stocking stuffers

There's also been a fair bit of demand for faulty fix-it-yourself cards.  I think I'll find a way to sell those, as I have a few hundred sitting in boxes.

Best,
Dave

What growth rate are you using for that prediction? It is very misleading if you're assuming difficulty will not rise during those 2 months.

[bclcjunkie]

thanks Dave, finally... i'll have my satoshis ready... 

Hi everybody - I have not forsaken you!  I have indeed been very busy growing the mine and hiring/training additional team members.

I have *finally* got a new merchant account for CC processing!

Very soon I will open sales for the following:
-old style V1 H-boards
-new style V2.2 H-boards
-dodgy trouble cards, EOL's, noisy, etc.
-Limited Edition megabigpower.com Red Furies (not really for serious miners, more of a learning thing)

Soon means hopefully this week, but I'm travelling.  Turn around on V1 H-boards might be just a few days longer - we have to order those special.

Best,
Dave

[xstr8guy]

I think we are trying to offer hardware at a price that will support fast ROI - 2 months if prices hold up, less if prices continue to climb.  Those that complained about prices back in September/October got very quiet as BTC skyrocketed.  This is great - we cheer for our customers who had the courage to pre-order with us and now reap the benefit!

At this time, the only pre-order-able offer from me is going to be reels (deliver mid-late February) at $5/chip, or full mines (minimum 250TH, contact me if you are interested).  I will not be able to provide CC processing for chips by the reel, sorry.  Oh - after the debacle of last minute cancellations on reels, I won't be offering a refund policy on them.  They are Non Cancel - Non Return items.

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.  I will sell as many of those as you guys demand.  I do have some V1-V2 M-boards also, so I can offer some old-style full rigs.  Note that I am not planning on opening sales for full new rigs just yet - though it may happen.  The main intention is to support our V1 & V3 rig customers.  New style H-cards (marked V2.2) can ship immediately and are not pre-mined.

I'll turn on sales for USB miners maybe by this weekend, so you can buy them for stocking stuffers

There's also been a fair bit of demand for faulty fix-it-yourself cards.  I think I'll find a way to sell those, as I have a few hundred sitting in boxes.

Best,
Dave

Do you have a large supply coming and expect the sales to last for a while.  Or do we need to stampede to the checkout?  Lol.

I'd love a bunch of new cards to eventually fill up my September and October partial kits.  But the price is a bit steep for me to be able to do that in a short period of time.  You should have been quicker on the draw though.  I was forced to throw Bitcoins at a preorder not scheduled for delivery for another 6 months (KNC Neptune), an unproven Chinese company (BitMain) and BFL for god's sake.  If you had been just a week quicker I could have thrown over 24 more bitcoins into you coffer.   But that's just probably "walking around money" for you these days.  

[xstr8guy]

Just thinking about this pricing issue a little more and I'm feeling a bit better about it now.  It's really matter of perspective and if you don't get hung up on the price you used to pay, it's really not a bad deal at all.

In the day of the $500 H board, I was so excited that I could earn enough BTC to buy another board every week or two and I still had to wait for the batches to be delivered.  Now I can buy a new board nearly every day as long as BTC stays around $1000 and it will be immediately delivered.  Granted, I have quite a bit more hashing power than I did then.  But it's all been due to my reinvesting BTC back into mining gear.

But the real kicker is this little gem... the price of an H board is going up about 225% or so.  But since the day of the $500 H board, BTC has gone up something like 700%.  Is my math right?  Lol.

So it's all relative people.  Don't panic!  Yeah, I was looking forward to $300 H boards too.  But I'll gladly take the 700% rise in the price of BTC over cheap H boards any day.

[Sitarow]

I think we are trying to offer hardware at a price that will support fast ROI - 2 months if prices hold up, less if prices continue to climb.  Those that complained about prices back in September/October got very quiet as BTC skyrocketed.  This is great - we cheer for our customers who had the courage to pre-order with us and now reap the benefit!

At this time, the only pre-order-able offer from me is going to be reels (deliver mid-late February) at $5/chip, or full mines (minimum 250TH, contact me if you are interested).  I will not be able to provide CC processing for chips by the reel, sorry.  Oh - after the debacle of last minute cancellations on reels, I won't be offering a refund policy on them.  They are Non Cancel - Non Return items.

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.  I will sell as many of those as you guys demand.  I do have some V1-V2 M-boards also, so I can offer some old-style full rigs.  Note that I am not planning on opening sales for full new rigs just yet - though it may happen.  The main intention is to support our V1 & V3 rig customers.  New style H-cards (marked V2.2) can ship immediately and are not pre-mined.

I'll turn on sales for USB miners maybe by this weekend, so you can buy them for stocking stuffers

There's also been a fair bit of demand for faulty fix-it-yourself cards.  I think I'll find a way to sell those, as I have a few hundred sitting in boxes.

Best,
Dave

Dave,

Thank you for that detailed update.

[tom99]

BTC dive down fast now.

[goxed]

BTC dive down fast now.

That was quite a drop!

[nexus99]

BTC dive down fast now.

That was quite a drop!

Totally expected. At 1200 per BTC someone was going to eventually break and dump 20 or 30 thousand BTC in the market and cash out. We have a handful of new Bitcoin millionaires!

Hopefully you guys spent your BTC before the market adjusted itself back to normalcy! Now its back to collect the BTC and wait for a new bubble.

[nexus99]

* Gets ready to start throwing money at Dave again ... *

Yes....a lot of money...

If the price are like the EU shop...

Bad news is that the price is much higher. New H-cards will sell for 850€ a piece + VAT. Please don't blame me for the prices as I'm not the one who sets them.

Pretty sure the price will be going up, not down.  So prepare yourself for the reality.  $500 H boards will seem like a steal now.   And expect Punin to do the same.

The ASIC market is a much different place than it was a month ago.  We probably won't see the price decrease until the competition starts flooding the market with the next wave or if bitcoin crashes... whichever comes first.

We know which one came first ;-)

[nexus99]

I think we are trying to offer hardware at a price that will support fast ROI - 2 months if prices hold up, less if prices continue to climb.  Those that complained about prices back in September/October got very quiet as BTC skyrocketed.  This is great - we cheer for our customers who had the courage to pre-order with us and now reap the benefit!

At this time, the only pre-order-able offer from me is going to be reels (deliver mid-late February) at $5/chip, or full mines (minimum 250TH, contact me if you are interested).  I will not be able to provide CC processing for chips by the reel, sorry.  Oh - after the debacle of last minute cancellations on reels, I won't be offering a refund policy on them.  They are Non Cancel - Non Return items.

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.  I will sell as many of those as you guys demand.  I do have some V1-V2 M-boards also, so I can offer some old-style full rigs.  Note that I am not planning on opening sales for full new rigs just yet - though it may happen.  The main intention is to support our V1 & V3 rig customers.  New style H-cards (marked V2.2) can ship immediately and are not pre-mined.

I'll turn on sales for USB miners maybe by this weekend, so you can buy them for stocking stuffers

There's also been a fair bit of demand for faulty fix-it-yourself cards.  I think I'll find a way to sell those, as I have a few hundred sitting in boxes.

Best,
Dave

What growth rate are you using for that prediction? It is very misleading if you're assuming difficulty will not rise during those 2 months.

I'd expect to see a pretty large bump over Q1 2014. This is when 65/55nm devices will become 'obsolete'.

[Asinine]

I am probably going to hold out for a die-shrunk version of Bitfury.

[BitcoinValet]

I am interested in buying faulty boards. Hope to hear something about that from Dave soon, but I will also buy direct from anyone monitoring this thread that has hardware sitting doing nothing for them. Same goes for anyone with bare chips laying around. PM me with your asking prices, I am not looking to low ball anyone and am open to any negotiation so all parties involved get a good deal.