The price of New Blade and Mini Blade was announced by rockxie

[Bitcoinorama]

The price of new blade is less more than my original prediction of 24 BTC.

Haha, my prediction was absolutely spot on! I said 5gh/s for 10 BTC, and 10gh/s for 20 BTC!!

I also said it wouldn't be worth it for those prices, and it definitely isn't, especially with recent news in the Bitcoin ASIC manufacturing world.

ASICminer still price gouging the naive...

[1715611767]

1715611767

[1715611767]

1715611767

[1715611767]

1715611767

[1715611767]

1715611767

[iammagicmike]

just my 2mBTC of calculation...

http://btcinvest.net/bitcoin-mining-profit-calculator.php?diff=21335329.113983&dcosts=1400&diff_mincrease=40&blpbtc=25&dhsmhs=10000&btcusd_mincrease=10&btcusd=74.60&dpowcon=30&dleadtime=2&pcost=0.25&calcweeks=52&action=calc

Please fix power consumption and diff increasements on your own.
40% / month are more than likely.

compare btc buy-in and mining buy-in results in USD as well as in BTC.

disclaimer: I am AM shareholder and own some UBE soon.

There is one critical flaw in that calculator.

The difficulty is increased at 30 day intervals. Even if set at 40% that is not reflective of reality.

If you decrease the interval to 14 days and 20% for that period, you'll see the end number change quite drastically.

I know, because I created an excel sheet to do this. I included the ability to change the period. The frequency of the difficulty change makes a dramatic difference in the overall sum of btc collected over the course of a year.

The calculator is (really good) but it doesn't have a realistic frequency for difficulty changes. So the numbers it gives are drastically different than what it should be.

any chance I could look at that spreadsheet?

[ShawnP]

TLDR it only makes some sense to buy with cash and not with Bitcoins as the blade will never return investment in BTC as some blade owners that bought them for 50 BTC are finding out.

How does that even begin to make sense to anyone? They don't sell for cash, they sell for BTC, so whether you pay in BTC you have, or pay cash for new BTC then pay in BTC it's exactly the same thing. If the blade will never ROI in BTC, how does it matter whether you used $ or BTC - just buy BTC and keep it.

Back to the topic at hand, future diff increases are impossible to predict, but obviously the device is very very unlikely to ROI. What's easier to predict is that morons will buy it anyway.

see goxed post
https://bitcointalk.org/index.php?topic=253410.msg2696744#msg2696744

[tidus_13]

wanna know why price is so high?



if you buy via taobao in china is it 1999 chinese yuan for 5GH/s 35W AND  3999 for 10GH/S 70W ?

http://friedcat.taobao.com/

1999yuan is like lower than 350USD so 350 / 78 current btc price  =  <5BTC??

[TheSwede75]

I don't understand the stupidity of calculators taking into account "BTC price increase". The obvious alternative is to simply purchase the equivalent of ASIC purchase price in BTC, so obviously this has no place in a ROI calculation.

[andrewsg]

TLDR it only makes some sense to buy with cash and not with Bitcoins as the blade will never return investment in BTC as some blade owners that bought them for 50 BTC are finding out.

How does that even begin to make sense to anyone? They don't sell for cash, they sell for BTC, so whether you pay in BTC you have, or pay cash for new BTC then pay in BTC it's exactly the same thing. If the blade will never ROI in BTC, how does it matter whether you used $ or BTC - just buy BTC and keep it.

Back to the topic at hand, future diff increases are impossible to predict, but obviously the device is very very unlikely to ROI. What's easier to predict is that morons will buy it anyway.

see goxed post
https://bitcointalk.org/index.php?topic=253410.msg2696744#msg2696744

Parroting other people's ideas doesn't make them true.

[yxxyun]

wanna know why price is so high?



if you buy via taobao in china is it 1999 chinese yuan for 5GH/s 35W AND  3999 for 10GH/S 70W ?

http://friedcat.taobao.com/

1999yuan is like lower than 350USD so 350 / 78 current btc price  =  <5BTC??

the price is earnest only. 5G is 5200 yuan.

[NeedsBitcoin]

Guys? GUYS?

These units draw power a lot. Also they're very much overpriced.. Have you checked competitors (not BFL, BFL is not a competitor) products at all?

There is competitor who sells right now? I mean no pre-order shit, pure selling.

I don't know but BFSB products are shipping next month.

I'm skeptical when I read stuff like this (it makes me think butterfly labs):

https://bitcointalk.org/index.php?topic=251966.0;all

August delivery means by August 31st.  This isn't an exact science, so I'm trying to give realistic dates.  I hope to exceed expectations on that.  I'm 100% confident in this team and the product.  There's been so much development in the last 6 - 9 months that has been kept totally under wraps.  By sending our chips out into the forum community we've got independent verification that they work - Intron and C-scape were able to tweak their Avalon design and already have Bitfury's chip hashing.

[Rampion]

wanna know why price is so high?



if you buy via taobao in china is it 1999 chinese yuan for 5GH/s 35W AND  3999 for 10GH/S 70W ?

http://friedcat.taobao.com/

1999yuan is like lower than 350USD so 350 / 78 current btc price  =  <5BTC??

the price is earnest only. 5G is 5200 yuan.

What do you mean by "earnest"?

[ShawnP]

TLDR it only makes some sense to buy with cash and not with Bitcoins as the blade will never return investment in BTC as some blade owners that bought them for 50 BTC are finding out.

How does that even begin to make sense to anyone? They don't sell for cash, they sell for BTC, so whether you pay in BTC you have, or pay cash for new BTC then pay in BTC it's exactly the same thing. If the blade will never ROI in BTC, how does it matter whether you used $ or BTC - just buy BTC and keep it.

Back to the topic at hand, future diff increases are impossible to predict, but obviously the device is very very unlikely to ROI. What's easier to predict is that morons will buy it anyway.

see goxed post
https://bitcointalk.org/index.php?topic=253410.msg2696744#msg2696744

Parroting other people's ideas doesn't make them true.

My point was while it is that obvious buying BTC is better option,
some people want to mine and investing say 1k usd and getting back 1.5k is still better
than have money sitting doing nothing.

[Ozymandias]

the price is earnest only. 5G is 5200 yuan.

What do you mean by "earnest"?

Earnest money is similar to a down-payment/deposit to show the seller that you have interest in buying their product (and that declaration of interest  is backed by cold hard btc)

[SoggyLettuce]

Is there no new usb miner or a price cut in the usb miners?

[Damnsammit]

Irony.

This said in a thread where people are buying miners at a loss.

So tell me again why people won't be buying hardware even when it is unprofitable?

This post is pretty.

I will be buying one in hopes of selling it on eBay for a profit.

[Fjordbit]

So tell me again why people won't be buying hardware even when it is unprofitable?

People who are buying this are inexperienced at mining. They probably started recently or haven't ever mined before at all. They see the present difficulty and don't understand how future difficulty changes will make what looks like a great investment now become an albatross later. The very reason for this price drop is because of past difficulty changes, and as others noted in this thread, the price is dropping faster than the blades are mining. Eventually difficulty will be so high that inexperienced miners will no longer run a calculation showing them getting $6000/yr from a $1400 item and will think twice about ordering.

[bitbigbird]

1999 and 3999 is part of the price. The real price  is  abot 5000 and 10000 according to the btc price.
But btc price is 9.88BTC/5G  and 18.88BTC/10G.

If you have any questions, email to me : 136651667@qq.com

http://friedcat.taobao.com

wanna know why price is so high?

http://img02.taobaocdn.com/imgextra/i2/885589255/T2AUEuXn0XXXXXXXXX_!!885589255.jpg

if you buy via taobao in china is it 1999 chinese yuan for 5GH/s 35W AND  3999 for 10GH/S 70W ?

http://friedcat.taobao.com/

1999yuan is like lower than 350USD so 350 / 78 current btc price  =  <5BTC??

[Damnsammit]

1999 and 3999 is part of the price. The real price  is  abot 5000 and 10000 according to the btc price.
But btc price is 9.88BTC/5G  and 18.88BTC/10G.

If you have any questions, email to me : 136651667@qq.com

http://friedcat.taobao.com

9.88 / 18.88 = 0.5233

5000 / 10000 = 0.5

No discount for paying in yuan, just BTC?

[DeathAndTaxes]

+18% forever of course.

That 7,300% increase per year.

You guys do realize there is an upper bound for difficulty and that is based on currently available hardware efficiency (MH/$ and MH/%).  Miners won't deploy new hardware when it is unprofitable from day 0.

While difficulty won't increasing forever with 18% average or more, it will definitely be increasing for quite some time.
and by the time difficulty increases will be slowing down, 10Gh blade will be producing only 0.3-0.2BTC per month.
I expect difficulty around 200-300million by the end of the year.

TLDR it only makes some sense to buy with cash and not with Bitcoins as the blade will never return investment in BTC as some blade owners that bought them for 50 BTC are finding out.

If it doesn't make sense with Bitcoins it doesn't make sense with "cash" (fiat).  By doesn't make sense I assume you mean the unit will never generate more than 18 BTC in mining revenue.  Ok lets assume that is true.

If someone had cash they could just buy 18 BTC.  By the assumption above the unit will never produce 18+ BTC therefore it is more profitable to just take your "cash" and buy BTC.

[pikeadz]

Irony.

This said in a thread where people are buying miners at a loss.

So tell me again why people won't be buying hardware even when it is unprofitable?

This post is pretty.

I will be buying one in hopes of selling it on eBay for a profit.

I can't believe people still do this despite all the scammers that have been charging back and using stolen credit cards to buy them.  Good luck with that.

[Damnsammit]

I can't believe people still do this despite all the scammers that have been charging back and using stolen credit cards to buy them.  Good luck with that.

I assume that is all through Paypal? 

Maybe I will just sell on CL or bitmit for a smaller profit. 

[bitterdog]

according to this:
http://translate.googleusercontent.com/translate_c?spm=2013.1.0.0.vOM5Uh&depth=1&hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=auto&tl=en&u=http://item.taobao.com/item.htm%3Fid%3D26136168590&usg=ALkJrhiVdhqkLTSjKN41Uyf6bp8vwnN1JQ

Erupters are 88 Yuan that's what? $17 USD?