If I'm reading the miner correcly does it say 1.56TH? Isn't that below their revised specs? It'll be tough for anything beyond March delivery to be profitable if that doesn't improve
Correct. The motherboard has some deficiencies but the chips do not. Those are being worked on. The chips will run as fast (and as hot) as you let them. Help me convince Ravi it would be beneficial to sell updated motherboards when they come out. Hint hint hint.
Also, mining 101, people assume price is stable and difficulty keeps increasing. This is not true.
IMO (and others)
- for BTC to have real world value beyond geeky speculation. People need to spend it vs hoard it. This is happening. Merchants are accepting it right and left.
- BTC needs a market cap of 1 trillion dollars to be even a reserve currency for a very small country. Do the math. 1 trillion / 12 million BTC
- We need "some kind of Government regulation" to legitimize BTC. In progress. They are moving faster than I would have given Governments credit for.
- I recommend following the crumb trails of information in New York City financial sector to see whats really going on. I recommend reading all of the court hearings last week. All evidence is public so you can start putting the puzzle pieces together.
- Google for: technical analysis breakout pattern. BTC prices are exhibiting this pattern now.
- Market Prices will go where they need to go to satisfy supply and demand.
So, do you think I would have purchased preorder machines if I thought prices would have stayed at the $100 BTC price when I preordered $14,000 machines?
no.... people are not getting their miners and you've got with a hand shake and the funny thing is that I remember you from bloomberg, a real funny coincidence....
Nothing is a coincidence since I preordered 9 of Cointerra machines. I also preordered BFL and Alpha Technologies Scrypt machines. Thats 2 very large preorder risks knowing the mess that BFL created. However, truth be told, BFL made a mess but I made a lot of BTC on my BLF preorder machines. I have been mining SHA and Scrypt for a long time. I flew to Cointerra, on my personal budget, to make sure that Cointerra really was "at the delivery phase". So Cointerra missed their target window by a little over 1 month. Big deal, thats how the Engineering world works and the risks you need to take. Time estimates are best guess cases but experience and talent can offset aggressive estimates. Cointerra missed their window by 1-1.15 months but BFL missing their target by 1.25 years. Hum....
BFL started in a garage with no experience. Cointerra has massive the experience and are close to their target window. Even as important as the experience levels I saw at Cointerra: a lot of passion and a "by the book" approach. He isnt who I thought he would be. A startup company with a pushover CEO wont go far and Ravi is far from that. He wouldnt let me take the 1st machine on the plane with me unless I paid Texas the 8% sales tax even though my shipping was New York. Ravi is a hard-as$ and I mean that with respect.
How is that that you order on Aug 30 and have order # 1-5? i have ordered on August 27 and my order # is over 400?
Order # is irrelevant, payment date matters. I actually have 5 orders, 9 machines, all placed and payed within a few days of announcement. I also made the mistake of preordering of the BFL Monarch. Oh well.... Cant win them all.
