BPMC Launch BF1 USB miner - probably the fastest USB miner in the World

[integrity42]

Good we paid $130 per chip... and? You want to say what? We are lying? I think there are about 11 people in the COOP can verify what we paid per chip.

Looks like you guys didn't do enough math when purchasing from bitfury -- you overpaid for chips.  Even at $130 just for the chips, they will never ROI

http://www.btcinvest.net/bitcoin-mining-profit-calculator.php?diff=86933017.771194&dcosts=320&diff_mincrease=25&blpbtc=25&dhsmhs=2500&diff_mincreasedecrease=3&btcusd=127.38&dpowcon=5&btcusd_mincrease=1&pcost=0.15&calcweeks=32&dleadtime=0&action=calc

Better plug them all in ASAP and mine with them as fast as you can.  You should also consider lowering the price to 1BTC now , because you will be stuck with useless hardware that will never ROI in a few months and then they'll be worth 0.1BTC...... get rid of this useless inventory asap.

[Sitarow]

Today I would pay 1BTC (+ship) each or 2.1 for two incl. shipping. 

Pay for 2 devices at full price and get the 2nd device free!

[kendog77]

I think you have a great product here, but the price is too high.

I'll order some in the future if the price is competitive in a future batch.

Good luck, having competition for in stock ASIC mining hardware is a good thing!

[Sitarow]

Good we paid $130 per chip... and? You want to say what? We are lying? I think there are about 11 people in the COOP can verify what we paid per chip.

Better plug them all in ASAP and mine with them as fast as you can.  You should also consider lowering the price to 1BTC now , because you will be stuck with useless hardware that will never ROI in a few months and then they'll be worth 0.1BTC...... get rid of this useless inventory asap.

Not everyone will buy them for profit in btc.

[Bicknellski]

Ignored LackofIntegrity.

We did all sorts of math unfortunately you don't like the math we have used. Like addition where we added up what it costs us to produce the units and the difference between that and making a small profit versus mining the units.

Buy if you want or don't but SCREAMING like that for no other reason to spread FUD is a bit much. 28 posts and WHAM! Wonders never cease.

[Beastlymac]

Good we paid $130 per chip... and? You want to say what? We are lying? I think there are about 11 people in the COOP can verify what we paid per chip.

Better plug them all in ASAP and mine with them as fast as you can.  You should also consider lowering the price to 1BTC now , because you will be stuck with useless hardware that will never ROI in a few months and then they'll be worth 0.1BTC...... get rid of this useless inventory asap.

No, if we can't sell them we will mine with them. Been said already we are not under any financial difficulty so we have no need to lower the price if we don't break even we don't sell.

[Bicknellski]

It be a good platform to test things on and get your hubs ready etc for a larger buy I can see that as well Sitarow.

If we could only magically make the chips we bought cost less and the time we put in be reduced by half.

[elasticband]

what hubs are they running on? where can they be purchased?

[monsters4r]

we are not under any financial difficulty so we have no need to lower the price

And we don't need to buy it  

Have a good mining  

[Bicknellski]

what hubs are they running on? where can they be purchased?

No Kev said he is not selling those hubs. We hope to have our own hub out in October but really we want to focus on these units and clear these sales and move on to the next phase.

[Bicknellski]

we are not under any financial difficulty so we have no need to lower the price

And we don't need to buy it  

Have a good mining  

Agreed. You have a good morning (mining?) as well.

[dave111223]

what hubs are they running on? where can they be purchased?

If you are looking for hubs I have a couple of 20 port Sipolar hubs for sale (tested and working with 20 BEs)

[elasticband]

what hubs are they running on? where can they be purchased?

No Kev said he is not selling those hubs. We hope to have our own hub out in October but really we want to focus on these units and clear these sales and move on to the next phase.

Okay, let me rephrase. If someone wanted to buy say 100 or these USB's, what kind of USB hub requirments are going to be needed?

[GodHatesFigs]

Unwatch / disable notifications

[Bicknellski]

what hubs are they running on? where can they be purchased?

No Kev said he is not selling those hubs. We hope to have our own hub out in October but really we want to focus on these units and clear these sales and move on to the next phase.

Okay, let me rephrase. If someone wanted to buy say 100 or these USB's, what kind of USB hub requirments are going to be needed?

They were bought in China I don't know even if they are branded... so Kev would have to give you the skinny on them if he wants. Send him a PM maybe?

[viriat0]

...
2 Blades = 7/8/9 BTC = 20 GH/S

Blades are over priced, the BTC cost (~8 BTC for 2 of them) is either above what you will return or just on par with it.
i.e. you give away BTC then MAYBE get it back many months later ... i.e. over priced

Compared only Price / hashrate.

[wndrbr3d]

The thing that always gets me about people complaining about the price of ASIC's is this: How much would you sell your machine that prints money for? That's essentially the question. You sell it for more money then it prints.Thats the answer (essentially, minus consideration for electricity costs and other stuff).

This is why I feel ASICMiner did it right in that they just held onto the hardware themselves and once they printed off a boatload of money for profit, they sold the hardware once it's ROI dropped.

I wouldn't expect a single ASIC company to sell a ASIC miner at a price that isn't equal (or worse) than ROI, because what investor would put their money behind that? "We COULD make more money, but we're going to sell the hardware and make less instead?"

[Meizirkki]

Good we paid $130 per chip... and? You want to say what? We are lying? I think there are about 11 people in the COOP can verify what we paid per chip.

I feel truly sorry for you for making such a stupid move. Those immediately available samples are for development purposes.

[bitcoiner49er]

The thing that always gets me about people complaining about the price of ASIC's is this: How much would you sell your machine that prints money for? That's essentially the question. You sell it for more money then it prints.Thats the answer (essentially, minus consideration for electricity costs and other stuff).

This is why I feel ASICMiner did it right in that they just held onto the hardware themselves and once they printed off a boatload of money for profit, they sold the hardware once it's ROI dropped.

I wouldn't expect a single ASIC company to sell a ASIC miner at a price that isn't equal (or worse) than ROI, because what investor would put their money behind that? "We COULD make more money, but we're going to sell the hardware and make less instead?"

Well then, no point in visiting this sub-forum any more then.  

Although I agree to a point, seems like ASIC's are too tempting for most people to handle dependably.

[Bicknellski]

Good we paid $130 per chip... and? You want to say what? We are lying? I think there are about 11 people in the COOP can verify what we paid per chip.

I feel truly sorry for you for making such a stupid move. Those immediately available samples are for development purposes.

I don't think putting up 130$ a chip is stupid when we bought the chip and the timeline we projected to have something mining. We like most people in this game probably miscalculated that aspect but oh well there is always cheaper chips and another opportunity with the same working product... not too stupid I think. Psst this is a development run sorta right?

Also remember we had the money set aside for a 11,000 K1 Nano USB miner run and pulled the plug on it so we were keen as COOP to have something hashing. You know what I am pretty proud of the guys that pulled this off actually Kev, Turt, Ti, Andre, and some other helpers worldwide to get it hashing at 2.5+. We went from thought to shipping units in what 6 weeks? Pretty impressive work from the COOP there.