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Author Topic: Mini Rig announcement by Butterfly Labs - 25gh/s  (Read 32470 times)
MXRider
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April 25, 2012, 10:14:18 AM
 #121

$15 000 required up front. They will put you in production line when they have received your payment. No refunds.
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April 25, 2012, 10:31:34 AM
 #122

$15 000 required up front. They will put you in production line when they have received your payment. No refunds.

Considering the cost, this being a start-up company, the 3 month waiting period, the volatility of Bitcoin, and possibility of delays, there must be some protection available for the client.

Given the modularity of the Mini Rig internal components, a down-payment is not unreasonable. It could include only the cost of parts unique to the Mini Rig, or what have you.
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April 25, 2012, 10:33:12 AM
 #123

$15 000 required up front. They will put you in production line when they have received your payment. No refunds.

Considering the cost, this being a start-up company, the 3 month waiting period, the volatility of Bitcoin, and possibility of delays, there must be some protection available for the client.

Given the modularity of the Mini Rig internal components, a down-payment is not unreasonable. It could include only the cost of parts unique to the Mini Rig, or what have you.

And how will the workforce stay in employment for 3 months to build the minirig if you pay for parts only ?
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April 25, 2012, 12:45:58 PM
 #124

That is called overhead.  The extra profit from the singles should take care of that.

I would whole heartily support a down payment plan on this as I can't front the total cost upfront or lose my investment capital for 3 months (or more).

Tired of substandard power distribution in your ASIC setup???   Chris' Custom Cablez will get you sorted out right!  No job too hard so PM me for a quote
Check my products or ask a question here: https://bitcointalk.org/index.php?topic=74397.0
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April 25, 2012, 12:53:06 PM
 #125

Other companies offer downpayment plans or one can pay right before the delivery. I think it's weird that buyer has to pay 3-4 (could be five or more) months in advance. If I invest that 15k$, it makes 180$ for me in four months.
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April 25, 2012, 01:27:03 PM
 #126

Well they are already hardly coping with full upfront cost orders, if they offered down payment they could get an order log that would take years to clear.
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April 25, 2012, 01:41:31 PM
 #127

Hence they should hire more people or have the boards fully populated in china where volume is easier.

Tired of substandard power distribution in your ASIC setup???   Chris' Custom Cablez will get you sorted out right!  No job too hard so PM me for a quote
Check my products or ask a question here: https://bitcointalk.org/index.php?topic=74397.0
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April 25, 2012, 01:47:07 PM
 #128

Hence they should hire more people or have the boards fully populated in china where volume is easier.
They ran into supply chain management issues the last time that happened. TRANSLATION: Delivery dates got fucked up again because of the Chinese new year. Although I'm pretty sure most of the board-populating work is now being done in China since the new year is over.

Mining Rig Extraordinaire - the Trenton BPX6806 18-slot PCIe backplane [PICS] Dead project is dead, all hail the coming of the mighty ASIC!
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April 25, 2012, 01:47:59 PM
 #129

Well they are already hardly coping with full upfront cost orders, if they offered down payment they could get an order log that would take years to clear.

IMO that statement doesn't make sense to me.
With paying full cost upfront, there's no incentive for them to speed up production, it actually makes them money by delaying orders (notwithstanding the reputation issue with that). Paying only a down-payment would give them an incentive to streamline and speed up the process to recoup their investment faster.

And yes the Chinese New Year  Wink

Inspector 2211
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April 25, 2012, 01:48:46 PM
 #130

$15 000 required up front. They will put you in production line when they have received your payment. No refunds.

Actually, it's $15,510 within the U.S., including shipping.
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April 25, 2012, 01:52:33 PM
 #131

could 18 people buy one unit and split the cards up and just plug into usb ?

MXRider
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April 25, 2012, 02:15:28 PM
 #132

$15 000 required up front. They will put you in production line when they have received your payment. No refunds.

Actually, it's $15,510 within the U.S., including shipping.

Oh, thanks for the info. You forgot to mention the VAT that private customers have to pay, at least in EU. That $510 changes the whole thing. I need to make some new calculations.

(dumbassfanboy)
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April 25, 2012, 02:23:45 PM
 #133

$15 000 required up front. They will put you in production line when they have received your payment. No refunds.

Actually, it's $15,510 within the U.S., including shipping.

Oh, thanks for the info. You forgot to mention the VAT that private customers have to pay, at least in EU. That $510 changes the whole thing. I need to make some new calculations.

(dumbassfanboy)

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P.S.: Why do you call yourself dumbassfanboy?
wogaut
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April 25, 2012, 03:05:35 PM
 #134

could 18 people buy one unit and split the cards up and just plug into usb ?


Yes, the board has USB on it. I also had that thought a while ago, it's probably the cheapest method to get a board with their new chip.


Syke
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April 25, 2012, 03:42:31 PM
 #135

Is the $15,000 required up front

Yup. Full payment up front, and in 6 months you may get a Mini Rig.

Buy & Hold
MXRider
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April 25, 2012, 05:39:26 PM
 #136

$15 000 required up front. They will put you in production line when they have received your payment. No refunds.

Actually, it's $15,510 within the U.S., including shipping.

Oh, thanks for the info. You forgot to mention the VAT that private customers have to pay, at least in EU. That $510 changes the whole thing. I need to make some new calculations.

(dumbassfanboy)

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P.S.: Why do you call yourself dumbassfanboy?

Don't judge me. I would buy a whole pile of singles or two MiniRigs if they could deliver them faster. Correcting me about some $510 is just dumb especially when I was answering to someone else. When BFL gets their shipping schedule in order I while buy some(~20) singles.
Inspector 2211
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April 25, 2012, 06:08:50 PM
 #137

$15 000 required up front. They will put you in production line when they have received your payment. No refunds.

Actually, it's $15,510 within the U.S., including shipping.

Oh, thanks for the info. You forgot to mention the VAT that private customers have to pay, at least in EU. That $510 changes the whole thing. I need to make some new calculations.

(dumbassfanboy)

Always willing to educate where education is needed.

P.S.: Why do you call yourself dumbassfanboy?

Don't judge me. I would buy a whole pile of singles or two MiniRigs if they could deliver them faster. Correcting me about some $510 is just dumb especially when I was answering to someone else. When BFL gets their shipping schedule in order I while buy some(~20) singles.

Well, I happen to know the exact number because I wired the $15,510 just yesterday - no need for you to get so defensive about it when someone posts the correct number. Yes, it costs more than the Largecoin mining rig, which I have
also ordered. So, in case you tried to call me a BFL fanboy, that's not only juvenile, but also inaccurate: I have a ZTEX board, a double digit number of Radeon cards, [currently] four Singles mining and some more Singles on order, along with a Mini Rig Box and a Largecoin box.
Desolator
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May 07, 2012, 12:45:54 PM
 #138

Take a look at the wait list.  Everyone who gets one is going to be screwed.  Right now it pays for itself in 6.6 months not counting electricity.  When that many people have one, the difficulty will go up like 5x and they'll all be getting next to nothing.  I wouldn't get one if they were free because it won't even pay for electricity as soon as too many people have one.  He should have just built one and kept it Tongue
ice_chill
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May 07, 2012, 02:08:59 PM
 #139

Take a look at the wait list.  Everyone who gets one is going to be screwed.  Right now it pays for itself in 6.6 months not counting electricity.  When that many people have one, the difficulty will go up like 5x and they'll all be getting next to nothing.  I wouldn't get one if they were free because it won't even pay for electricity as soon as too many people have one.  He should have just built one and kept it Tongue

Most uneducated and uninformed post I have ever encountered on this forum.
bulanula
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May 07, 2012, 02:15:30 PM
 #140

Take a look at the wait list.  Everyone who gets one is going to be screwed.  Right now it pays for itself in 6.6 months not counting electricity.  When that many people have one, the difficulty will go up like 5x and they'll all be getting next to nothing.  I wouldn't get one if they were free because it won't even pay for electricity as soon as too many people have one.  He should have just built one and kept it Tongue

Most uneducated and uninformed post I have ever encountered on this forum.

Yeah right. The guy is stating the obvious but you all BFL fanboys are failing to see it.

Good luck with your big boxes !

Is the Raspberry Pi included with the Mini rigs ?

Any news on that EU VAT avoidance plan you guys had ? EU reseller ?
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