BFL Trade-Up Program - I have seen the light !

[bitlane]

All sarcasm aside, BFL have made many current customer's dreams....a NIGHTMARE.

You can trade a regular Single in towards the purchase of an SC Single, but you can't trade in two regular singles to get an SC Single.  I know people would rather do that, but it's not a working business model.  

AND THERE WE HAVE IT.....

So, what this means is, all of you mini-rig owners and multiple mini-rig owners, be prepared to pay an additional $15,000 for each upgrade unless you want your 25 GH rig to become a door stop once ASICs fully penetrate the market and leave you in the dust.

I am now done. Argue, fight...fuck, I really don't care, because I LOST NOTHING....
(and am laughing , as you can't see my face, so you will have to take my word for it)


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First off, I want to apologize to everyone who pointed out and said I was wrong, in regards to my previous SPECULATION(S)....
I HAVE SEEN THE LIGHT and it all makes sense now.


SO..Get your BFL Orders in SOON ! ....while there is still product to be shipped. http://www.butterflylabs.com/products/
With BFL's 100% Trade-up Value Program, you have nothing to lose, but only gain.
http://www.butterflylabs.com/bitforce-sc-faq/

For those wondering, "What will I be able to do with my current BFL hardware ?", here it is.... just a few examples:

- Trade 1 old BFL Single for 4 new Jalapenos ($600 vs $600, 850 MH vs. 9 10.5 GH !)
- Trade 2 old BFL Singles in for 1 new ASIC Single and pay only $100 difference ! ($1,200 vs. $1,300, 1.7 GH vs 40 GH !)
- Trade 11 old BFL Singles in for 5 new ASIC Singles + 1 Jalapeno AND Pay only $50 difference ($6,600 vs. $6,650, 9.4 GH vs. 203.5 GH !)
- Trade 50 Old BFL Singles for 1 new ASIC Mini-Rig ($30,000 vs $30,000, 43 GH vs. 1TH !)
- Trade 2 old BFL Mini Rigs for 1 new ASIC Mini-Rig ($30,000 vs $30,000, 50 GH vs. 1TH !)

...but what am I telling people something they can figure out for themselves. You all know what the deal is, right ?
The TRADE possibilities would be ENDLESS ! - With little or NO MONEY involved !
Show your support for the company that strives to support YOU ! YOU HAVE NOTHING TO LOSE.

I personally can't wait for this Trade-Up program to commense...
IT WILL BE LIKE Christmas when it does (and I mean the FEELING, NOT the time of year).

Cheers,
bitlane.


PS> I am not affiliated with Butterfly Labs in any way. I am just providing this info, because I CARE.


For anyone who missed the day's events, please understand that this post is 7,000% PURE SARCASM
...(yes, Seven Thousand Percent)

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[1715068499]

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[SgtSpike]

Just got a response from Jody.  You have to put up 50% of the cost, the other 50% can be trade in.

I understand how you are confused. This whole thing has not been explained in detail. If it were a straight trade of old equipment for new our business would fold in a week. Here's how it works: if you buy $599 worth of BFL product--say 4 Jalapenos, you are eligible to send in a Single to exchange for 4 more Jalapenos. You must buy something to be eligible to trade something of equal value. And you don't have to send in your old equipment when you pay for the new--you send it in when you are notified that your ASIC equipment is ready to ship. Does this make sense to you?

Jody

[bitlane]

Just got a response from Jody.  You have to put up 50% of the cost, the other 50% can be trade in.

Just fucking GREAT. 50%, or essentially 1:1 for equivalent hardware. This is CRAP.

I SHOULD be able to use the examples above, as everyone else told me in other threads.

This is just silly.

I should be able to trade 2 current Mini-Rigs @ $15,000 each ($30k total) STRAIGHT ACROSS for a new ASIC Mini-Rig @ $30,000.

[SgtSpike]

Just got a response from Jody.  You have to put up 50% of the cost, the other 50% can be trade in.

Just fucking GREAT. 50%, or essentially 1:1 for equivalent hardware. This is CRAP.

I SHOULD be able to use the examples above, as everyone else told me in other threads.

This is just silly.

I should be able to trade 2 current Mini-Rigs @ $15,000 each ($30k total) STRAIGHT ACROSS for a new ASIC Mini-Rig @ $30,000.

You were right, I was wrong. 

[bitlane]

You were right, I was wrong.  

OH NO, we are NOT going to play THAT game....the 'who was right and who was wrong, game'.....

What's right is what's right and I have seen the light by all of the posters who said I was basically FULL OF SHIT and SPECULATING due to me using BASIC Business Practices.

I still think I was wrong.....and that is why I changed my tune  

You guys that posted against me were all right. It was obvious from the start if you think about it. You guys run businesses, right ?

[imsaguy]

You were right, I was wrong. 

Bravo!  I had to post one of these earlier tonight.  Its a shame more people don't.

[bitlane]

You were right, I was wrong. 

Bravo!  I had to post one of these earlier tonight.  Its a shame more people don't.

I was a FOOL to truly believe that every current owner would have to pay BFL 2x just to stay current/competitive once ASICs hit....

I should have used the same fucked up business sense that everyone else did.

[imsaguy]

You were right, I was wrong. 

Bravo!  I had to post one of these earlier tonight.  Its a shame more people don't.

I was a FOOL to truly believe that every current owner would have to pay BFL 2x just to stay current/competitive once ASICs hit....

I should have used the same fucked up business sense that everyone else did.

I wasn't being sarcastic.

[Bitcoin Oz]

Thats pretty fucked up.

[bitlane]

Thats pretty fucked up.

After spending the day arguing with people, I just decided to go along with them, regardless of how fucked up it looks in the OP.

People actually thought they would be able to do this !....some people have NO CLUE., so I just gave in.

How could I have been right ? ....saying people would HAVE TO PAY ATLEAST the difference, not trade in old for new straight across, like I posted in the OP.
I only used common sense, basic business principals and a bit of math.

[ice_chill]

BITLANE YOU ARE AN IDIOT, GET A LIFE AND A JOB MAYBE ? AND STOP SPAMMING THE FORUM WITH IDIOT POSTS.

[MXRider]

I'm surprised no one has mentioned the fact that minirig earns MONEY FOR AT LEAST 5 MONTHS. You can calculate with your numbers but my spreadsheet says 12500$. So MR owners have to invest about 5000$ more max.

[bitlane]

BITLANE YOU ARE AN IDIOT, GET A LIFE AND A JOB MAYBE ? AND STOP SPAMMING THE FORUM WITH IDIOT POSTS.

Right....you were the idiot that posted this...

Well they could have skipped the trade-up program. But they decided to include one and people are still not happy, BFL Labs is a business after all not a charity  and they don't owe you anything, if you don't like, don't buy from them.

You fall into that category of users on this forum who are complete fucking MORONS and have no clue.

Have fun stating the obvious and kissing BFL's collective ass.... I think you will be alone on that soon enough.

<EDIT>
...and speaking of jobs, I can't take someone seriously, who puts a donation address in their forum sig like a deadbeat...LOL

Perhaps YOU need a better job ?

[bulanula]

You know what I think happened :

BFL saw your posts and decided to follow your business model instead of 1:1 swapping as before !

[bitlane]

You know what I think happened :

BFL saw your posts and decided to follow your business model instead of 1:1 swapping as before !

So we WILL be able to trade 50 current singles straight across without money involved, for a new ASIC Mini-Rig after all ?

[MXRider]

You know what I think happened :

BFL saw your posts and decided to follow your business model instead of 1:1 swapping as before !

That might actually be true. Looks like they can design HW but have no idea about PR or pricing their products or about anything else.

[nave]

I'm surprised no one has mentioned the fact that minirig earns MONEY FOR AT LEAST 5 MONTHS. You can calculate with your numbers but my spreadsheet says 12500$. So MR owners have to invest about 5000$ more max.

So ignoring any difficulty increase that might happen due to the new minirigs being shipped, someone receiving one of these pieces of hardware will have to save every satoshi they earn from it for the next 5 months, then spend that AND an additional $5000 in order to not have a piece of hardware that's only use is a doorstop? You're right, when I look at it that way it really does seem like a deal! Where do I sign up?

[MXRider]

I'm surprised no one has mentioned the fact that minirig earns MONEY FOR AT LEAST 5 MONTHS. You can calculate with your numbers but my spreadsheet says 12500$. So MR owners have to invest about 5000$ more max.

So ignoring any difficulty increase that might happen due to the new minirigs being shipped, someone receiving one of these pieces of hardware will have to save every satoshi they earn from it for the next 5 months, then spend that AND an additional $5000 in order to not have a piece of hardware that's only use is a doorstop? You're right, when I look at it that way it really does seem like a deal! Where do I sign up?

I didn't say that's a great deal. In reality that sucks. I just explained why upgrading is not 2xMR price like many of us claims. I calculated those numbers with $6/BTC and 1 800 000 dif. That should be pretty realistic.

[davidspitzer]

I think I will just wait till I can get detailed information from BFL. Its like the matrix in here, its hard to discern what is real and what is not. Perhaps I should have taken the blue pill.

[Dargo]

Just got a response from Jody.  You have to put up 50% of the cost, the other 50% can be trade in.

I understand how you are confused. This whole thing has not been explained in detail. If it were a straight trade of old equipment for new our business would fold in a week. Here's how it works: if you buy $599 worth of BFL product--say 4 Jalapenos, you are eligible to send in a Single to exchange for 4 more Jalapenos. You must buy something to be eligible to trade something of equal value. And you don't have to send in your old equipment when you pay for the new--you send it in when you are notified that your ASIC equipment is ready to ship. Does this make sense to you?

Jody

If this is how the trade-in plan will work, it seems reasonable to me. You can't expect BFL to bankrupt themselves just to meet the best case scenario wishes of miners. People who thought they could trade-in their singles straight for ASICs without giving BFL more money were being unrealistic (I thought this was Bitlane's basic point starting from a thread or two ago). A 50% trade-in plan were you get to keep your singles until the replacement is ready to ship is about as good as anything that could reasonably be expected. Sure, it sucks for miners who have used up all their capital on singles and have no more money to invest, but frankly that is their problem, not BFL's. If you are going to invest all your available capital, it is your job to do proper research first. And anyone who had done proper research should have known that FPGAs would be made obsolete by ASICs at some point. When ASICs do eventually arrive, you shouldn't invest all your capital in them either, since it is possible that Bitcoin might drop sha256. You shouldn't even be investing all your capital in Bitcoin - coins or mining - in the first place since it is, like all investments, risky. It's called diversification people - a basic principle of sound investing.