[Poll] Burnins BitFury miner

[tiros]

Differences between €699 is and original price of €470 is probably distributor's margin mostly.
Those who think they will get their boards before early November, I suggest to think twice.
To those wanting to support burnin, you guys could always donate.
I am out and deleting my vote as conditions were changed.

I waited for long to buy a product from burnin and now seeing what was done, I can just feel sorry for the energy, time, effort and money of all people involved (including myself).

@burnin,
I do appreciate your work and effort, and if I may say; you shouldn't allow this to happen.
If distributor is to be blamed, get rid of them and do business with someone having more realistic view on market and with one willing to work with less margin.
If you can't find anyone, do it yourself or you will loose all these people waiting for your boards.
I am speaking this as a friend, and this is just a hobby for me to support network and get involved. Having said that and, I don't want to overpay what ever product I am buying and this one is too expensive for me and probably bad investment with price set way too high.

[shapemaker]

Many people asked (and obtained) Avalon chips refunded because of clear issues with the ROI, and we all know how good is http://mining.thegenesisblock.com/ to understand the current situation in term of difficulty increase (sadly...).

If we consider the costs and the mining potential of the new burning project and we stick them in the genesis block this is what comes out...is this correct?

http://mining.thegenesisblock.com/a/d5f045682e

This is not a critic, I think this a realistic view of the current situation. I genuinely think that burnin and Cryptx are doing their best in reducing the costs, but delivering a competitive product at this stage is very very difficult if you don't produce the chips!!

Can you clarify the use of 9 BTC as "Cost of Hardware"?

he is right, the cost of hardware without shipping is 8.5 BTC at the moment, add shipping and you get 9.25BTC

Including VAT this is correct.

Are you insane, or just greedy? burnin stated the expected price was around 470 euros per board. This is almost twice as expensive. Cost breakdown, please.

[CumpsD]

Differences between €699 is and original price of €470 is probably distributor's margin mostly.
Those who think they will get their boards before early November, I suggest to think twice.
To those wanting to support burnin, you guys could always donate.
I am out and deleting my vote as conditions were changed.

I waited for long to buy a product from burnin and now seeing what was done, I can just feel sorry for the energy, time, effort and money of all people involved (including myself).

@burnin,
I do appreciate your work and effort, and if I may say; you shouldn't allow this to happen.
If distributor is to be blamed, get rid of them and do business with someone having more realistic view on market and with one willing to work with less margin.
If you can't find anyone, do it yourself or you will loose all these people waiting for your boards.
I am speaking this as a friend, and this is just a hobby for me to support network and get involved. Having said that and, I don't want to overpay what ever product I am buying and this one is too expensive for me and probably bad investment with price set way too high.

Same deal here, I invest my bitcoin in mining shares, just to not have a massive rig running at home. But I do run some boards as a hobby, and the entire burnin journey was great, but for me it stops at the BitBurners from burnin, and no BitFury's

[bobsag3]

Out of necessity a new thread for a new product:
I want to test the waters if you would be interested in such a board

The Bitfury design i am working on is a 16 Chip board with the same form factor as the BitBurner.
I think it makes sense that i will sell boards including the chips now - no more group buys.

Best demonstrated performance per chip is currently 2.7Ghash resulting in 42ghash/s per board.
I am aiming for 5 Ghash per chip, i will be doing things differently then the competition which will hopefully
allow us to squeeze more performance out of this silicon.
Host interface and Controller / stacking will stay the same.

Price: ~470eur+vat (Complete module including chips)
Delivery: early October if Punin delivers on time.

Just want to quote this for when the first post is edited.

[blo]

A realistic date to get this devices in hand - November. In that case we dont get ROI. http://mining.thegenesisblock.com/a/05945f0b55
If we get it in october - we will get a little profit, maybe even 1 BTC per board per year

I am looking an opportunity to sell the place in the first queue because the 50% is not what I expected.

[RoadStress]

Differences between €699 is and original price of €470 is probably distributor's margin mostly.
Those who think they will get their boards before early November, I suggest to think twice.
To those wanting to support burnin, you guys could always donate.
I am out and deleting my vote as conditions were changed.

I waited for long to buy a product from burnin and now seeing what was done, I can just feel sorry for the energy, time, effort and money of all people involved (including myself).

@burnin,
I do appreciate your work and effort, and if I may say; you shouldn't allow this to happen.
If distributor is to be blamed, get rid of them and do business with someone having more realistic view on market and with one willing to work with less margin.
If you can't find anyone, do it yourself or you will loose all these people waiting for your boards.
I am speaking this as a friend, and this is just a hobby for me to support network and get involved. Having said that and, I don't want to overpay what ever product I am buying and this one is too expensive for me and probably bad investment with price set way too high.

You said it better than me Same boat here!

[shapemaker]

Differences between €699 is and original price of €470 is probably distributor's margin mostly.
Those who think they will get their boards before early November, I suggest to think twice.
To those wanting to support burnin, you guys could always donate.
I am out and deleting my vote as conditions were changed.

I waited for long to buy a product from burnin and now seeing what was done, I can just feel sorry for the energy, time, effort and money of all people involved (including myself).

@burnin,
I do appreciate your work and effort, and if I may say; you shouldn't allow this to happen.
If distributor is to be blamed, get rid of them and do business with someone having more realistic view on market and with one willing to work with less margin.
If you can't find anyone, do it yourself or you will loose all these people waiting for your boards.
I am speaking this as a friend, and this is just a hobby for me to support network and get involved. Having said that and, I don't want to overpay what ever product I am buying and this one is too expensive for me and probably bad investment with price set way too high.

Well said. This is just like Asicminer. I spoke against their pricing months ago, and this is turning into yet another price gouge.

Bloody sad.

[lemonte]

Far too expensive, I even considered it with the discount amount from my old Bitburners but will now be changing my choice to "refund"

Think I would rather save my BTC up for a few months then buy at this price.

€470 was such a good price, shame that we got our hopes up!

[mmitech]

I really want to hear what Burnin think about all of this ? you stated the price will be around 470€, how can you let your partner take such advantage out of this ? you still can make this right it is not too late....

[shapemaker]

Far too expensive, I even considered it with the discount amount from my old Bitburners but will now be changing my choice to "refund"

Think I would rather save my BTC up for a few months then buy at this price.

€470 was such a good price, shame that we got our hopes up!

They probably thought "what the heck, let's charge as much as we dare".

The pricing is set so high these things won't make much profit if they manage to ROI at all. Asicminer v2. What the heck is wrong with people these days? :/

[Sophokles]

I really want to hear what Burnin think about all of this ? you stated the price will be around 470€, how can you let your partner take such advantage out of this ? you still can make this right it is not too late....

+1
Statement from burnin, please? I am very disappointed...

[samurai1200]

You know, all this complaining about the price is unnecessary. You can just vote with your BTC's. Then when he starts taking a loss because he's not selling enough, the price falls.

[RoadStress]

You know, all this complaining about the price is unnecessary. You can just vote with your BTC's. Then when he starts taking a loss because he's not selling enough, the price falls.

Well i am sure we are voting with our btc too, but i think being vocal is good too.

[mmitech]

You know, all this complaining about the price is unnecessary. You can just vote with your BTC's. Then when he starts taking a loss because he's not selling enough, the price falls.

Well i am sure we are voting with our btc too, but i think being vocal is good too.

+1

[tarmi]

You know, all this complaining about the price is unnecessary. You can just vote with your BTC's. Then when he starts taking a loss because he's not selling enough, the price falls.

he will keep miners for himself.

[frostedflakes]

You know, all this complaining about the price is unnecessary. You can just vote with your BTC's. Then when he starts taking a loss because he's not selling enough, the price falls.

This, I guess I don't understand all the outrage. If the price is too high, they won't sell any and will be forced to lower it. Seriously doubt that will be the case, though, seem to be plenty of people out there who have no problem buying ASICs even with questionable ROI. And price seems to be competitive with other current and upcoming offerings.

Pricing isn't based manufacturing costs, it's based on how much people are willing to pay. Charging the maximum the market will bear isn't greed, it's just smart business. They'd be idiots to give their product away for less than they could get out of it.

On the bright side for those who want it cheaper, with difficulty increasing as fast as it is, probably won't have to wait long at all before it's available for €470 or even less.

[RoadStress]

On the bright side for those who want it cheaper, with difficulty increasing as fast as it is, probably won't have to wait long at all before it's available for €470 or even less.

Yeah, but €470 now isn't the same with €470 in a month

[shapemaker]

You know, all this complaining about the price is unnecessary. You can just vote with your BTC's. Then when he starts taking a loss because he's not selling enough, the price falls.

This, I guess I don't understand all the outrage. If the price is too high, they won't sell any and will be forced to lower it. Seriously doubt that will be the case, though, seem to be plenty of people out there who have no problem buying ASICs even with questionable ROI. And price seems to be competitive with other current and upcoming offerings.

You don't take into account us who have already paid these people money to make Avalon chip based miners and now are forced to take a 30% loss in converting our old orders to these new boards. Add to that the insane pricing of these new boards, and it starts to look very bad very soon. We don't even get any compensation in the first wave pricing.

Pricing isn't based manufacturing costs, it's based on how much people are willing to pay. Charging the maximum the market will bear isn't greed, it's just smart business. They'd be idiots to give their product away for less than they could get out of it.

What is idiotic is comments like this. You don't know how much the network hashrate grows in the coming months, and pricing your product so high the miners won't even ROI if the growth is just slightly higher than pessimistic estimates is just plain greedy - offloading the risk to miners. Besides, if every manufacturer followed your advice of not selling to "the public", you'd just get centralization of the network hashpower - the exact opposite that Bitcoin is supposed to achieve.

On the bright side for those who want it cheaper, with difficulty increasing as fast as it is, probably won't have to wait long at all before it's available for €470 or even less.

... and at that point these boards are even less worth the hassle. Seriously, just use your brain and think before posting...

[RoadStress]

Pricing isn't based manufacturing costs, it's based on how much people are willing to pay. Charging the maximum the market will bear isn't greed, it's just smart business. They'd be idiots to give their product away for less than they could get out of it.

What is idiotic is comments like this. You don't know how much the network hashrate grows in the coming months, and pricing your product so high the miners won't even ROI if the growth is just slightly higher than pessimistic estimates is just plain greedy - offloading the risk to miners. Besides, if every manufacturer followed your advice of not selling to "the public", you'd just get centralization of the network hashpower - the exact opposite that Bitcoin is supposed to achieve.

Actually he is true. From a business point of view it's better to sell at what people are willing to pay than at manufacturing costs+small profit, but you need to find the sweet spot.

[Roy Badami]

You don't take into account us who have already paid these people money to make Avalon chip based miners and now are forced to take a 30% loss in converting our old orders to these new boards.

You weren't forced to take a loss.  You could just supply chips to burnin as you agreed and he will assemble them into boards for you exactly as agreed.

He is generously offering to refund you a proportion of the money that you spent on a non-refundable deal - and you are bitching that he is somehow in the wrong?

roy