BFL 50 GHs Order for Sale

[MBH]

Greetings,

I have a 50 GHs Single SC already paid for and the order is in processing by BFL, made in July, and the order number is 100072501. It hasn't yet been shipped. It can be upgraded to the Monarch.

My asking price is $1950. It can be paid via BTC or SWIFT bank wire transfer. When stating the price in BTC, please specify which exchange you use to know the conversion rate. (mtgox is higher than btc-e, for example).

Payment is to be delivered in advance in full. I will ask BFL if it's possible to either transfer the order to your BFL account, or change the shipping address to yours. If neither is possible, I will ship it to you for free via DHL Express (air).

If you wish to upgrade to the Monarch, and it's not possible to move the order from my BFL account to yours, you'll have to pay me in full in advance, and I'll pay BFL to upgrade the order. We'll calculate the total cost at that time.

If we're to conclude this transaction, we'll use John K's escrow service: https://bitcointalk.org/index.php?topic=141672.0.

[joeventura]

Greetings,

I have a 50 GHs Single SC already paid for and the order is in processing by BFL, made in July, and the order number is 100072501. It hasn't yet been shipped. It can be upgraded to the Monarch.

My asking price is $2150. It can be paid via BTC or SWIFT bank wire transfer.

Payment is to be delivered in advance in full. I will ask BFL if it's possible to either transfer the order to your BFL account, or change the shipping address to yours. If neither is possible, I will ship it to you for free via DHL Express (air).

If you wish to upgrade to the Monarch, and it's not possible to move the order from my BFL account to yours, you'll have to pay me in full in advance, and I'll pay BFL to upgrade the order. We'll calculate the total cost at that time.

If we're to conclude this transaction, we'll use John K's escrow service: https://bitcointalk.org/index.php?topic=141672.0.

At current shipping rate you won't see this until Jan/Feb 2014

Get your refund if you used Paypal

[MBH]

Unfortunately, I paid via bank transfer :/

[poochone]

goood lock if u get 3-4btc u can be locky

[MBH]

I reduced my asking price from $2150 to $1950 (-$200).

[poochone]

15 btc for preorder

u can bay for 20-25 avalon 85gh/s

[Gordon Bleu]

if you could transfer it to their Monarch Farm, you could get 240 Gh for it, better Odds to not suffer a huge loss

[MBH]

15 btc for preorder

u can bay for 20-25 avalon 85gh/s

Are you offering 2 things here? To buy my order for 15, or to sell yours for 20-25?

Also, which exchange do you use, so that I know the BTC-to-USD conversion rate.

[MBH]

if you could transfer it to their Monarch Farm, you could get 240 Gh for it, better Odds to not suffer a huge loss

If I do order the Monarch, there's no firm deadline on it, and we all know how good BFL is with deadlines (rolls eyes). It's quite tempting to be honest, but if the Feb promised deadline becomes June 2015, then it's useless, just like what happened to my Single SC 60 GHs, which I ordered in April 2012, and only got it last week. Huge hit on the RoI forecast.

[MBH]

I got a reply from BFL:

"Thank you for contacting Butterfly Labs. According to the terms you agreed to on checkout, all sales are final. Now that shipping of orders has begun, refunds will not be processed. Your order will be shipped per your position in the order queue."

[mrhelpful]

Did you pay by credit card? Talk to your credit card company, eg "visa" explain the situation and they will work it out.

They say that to everyone, its a default template.

I got a reply from BFL:

"Thank you for contacting Butterfly Labs. According to the terms you agreed to on checkout, all sales are final. Now that shipping of orders has begun, refunds will not be processed. Your order will be shipped per your position in the order queue."

[MBH]

Unfortunately I paid via bank wire transfer.

I'm not sure when this order will ship, but do you think that upgrading to the Monarch is a better option? The Monarch is 400 GHs and will be delivered in March.

[mitty]

Unfortunately I paid via bank wire transfer.

I'm not sure when this order will ship, but do you think that upgrading to the Monarch is a better option? The Monarch is 400 GHs and will be delivered in March.

I'd guess you'll have your 50 GH/s miner within 1.5 months (around mid-November) at the rate BFL has been recently been moving along with their order queue, maybe even sooner.  

If they keep up with their rate of about two weeks of preorders per business day (including Saturday), all July 2013 miners will be shipped by around the 16th of October.  Giving them 1 month of orders per 3 business days, that puts all July orders shipped around October 21st.  Assuming there was probably a large spike in orders around April 2013's huge increase in USD/BTC, I'd still estimate them having July orders shipped by the beginning to middle of November.  At this point they've gotten production down to a science and now they're just cranking them out full speed. (although they seem to still be having issues getting the fans connected correctly, at least on 2 of my units)

Based on BFL's history their estimated delivery time of "February/March/whatever they say" for the Monarch may end up being a lot later than that.  Of course they may have also learned a lot from their current round of products and may now be giving a realistic estimate, but you have an almost guaranteed chance of getting the 50 GH/s miner within two months and your delivery of a Monarch is a big question mark at best.  Oh and the 10% transfer fee. (are they still doing that?)

Mining dashboard for 50 GH/s miner, start mining in November 2013: http://mining.thegenesisblock.com/a/3ee7c772cf
Mining dashboard for 600 GH/s Monarch, start mining in April 2014: http://mining.thegenesisblock.com/a/eb4131e27c
Both assuming 40% difficulty increase per month. (that might be a bit conservative, but even with that neither look very good. :/ )

[MBH]

mitty,

Thank you for the estimates on the delivery. I looked into the difficulty increase at 30% and it chances of recovering money for a 600 GHs card look very dim, so I'll consider this 50GHs rig a loss and move on, rather than throw more cash at the problem and watch it burn. And yes, they still take the 10% transfer fee, to move you from one product queue to another.

I was looking a few other vendors who are promising deliveries of 400 GHs rigs in Oct & Nov, and some people have ordered 20 rigs! In the near future, those running the network will be filthy rich people and/or organizations, which makes me feel uneasy. What if governments decided to kill Bitcoin by simply driving up the difficulty, then when it's too high for anyone to buy a rig and run it at home, they shutdown their systems. This will ultimately all transactions unverifiable and Bitcoin dies!