Bitcoin Forum
April 25, 2017, 08:58:54 AM *
News: If the forum does not load normally for you, please send me a traceroute.
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 [4]  All
  Print  
Author Topic: BFL Trade-Up Program - I have seen the light !  (Read 5133 times)
RoloTonyBrownTown
Sr. Member
****
Offline Offline

Activity: 350



View Profile
June 21, 2012, 07:10:13 AM
 #61

Bloody hell Bitlane, get on that ignore list already you gigantic douche.

1493110734
Hero Member
*
Offline Offline

Posts: 1493110734

View Profile Personal Message (Offline)

Ignore
1493110734
Reply with quote  #2

1493110734
Report to moderator
1493110734
Hero Member
*
Offline Offline

Posts: 1493110734

View Profile Personal Message (Offline)

Ignore
1493110734
Reply with quote  #2

1493110734
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1493110734
Hero Member
*
Offline Offline

Posts: 1493110734

View Profile Personal Message (Offline)

Ignore
1493110734
Reply with quote  #2

1493110734
Report to moderator
Buckwheet
Member
**
Offline Offline

Activity: 108


View Profile
June 22, 2012, 01:26:58 PM
 #62

I am somewhat concerned by this since I have a large order of singles that still have not been shipped to me. Basically it means in order to stay competitive the investment I had secured needed to be 50% larger then what I got. My order is not scheduled to arrive until late July or early August and that is only 2-3 months from when the ASIC product would come out.

With all things staying even that is like $100 a month per single without any kind of power costs taken into account. So while I guess you would maybe pay off half of the single if you did nothing but sell the coins to pay yourself back, you would still be $300 per single short of replacing them with the ASIC product.

Of course that is also if they ship in October, the price and difficulty stay the same, and there is a reasonable turn around time from when you order and turn off the singles and ship them to BFL before you get your replacement hardware. It would be pretty horrible if you order, and then turn off the singles/mini rigs you have to only wait 2 months or more to get the new ASIC.

I think if you could secure your order with a credit card they would ship you the entire shipment of ASIC products and once you get them you could send back the singles/rigs for a refund to the card. Maybe I missed it but it seems this trade in policy seems more clunky then it should be.
Dargo
Legendary
*
Offline Offline

Activity: 1652



View Profile
June 22, 2012, 01:48:09 PM
 #63

I am somewhat concerned by this since I have a large order of singles that still have not been shipped to me. Basically it means in order to stay competitive the investment I had secured needed to be 50% larger then what I got. My order is not scheduled to arrive until late July or early August and that is only 2-3 months from when the ASIC product would come out.

With all things staying even that is like $100 a month per single without any kind of power costs taken into account. So while I guess you would maybe pay off half of the single if you did nothing but sell the coins to pay yourself back, you would still be $300 per single short of replacing them with the ASIC product.

Of course that is also if they ship in October, the price and difficulty stay the same, and there is a reasonable turn around time from when you order and turn off the singles and ship them to BFL before you get your replacement hardware. It would be pretty horrible if you order, and then turn off the singles/mini rigs you have to only wait 2 months or more to get the new ASIC.

I think if you could secure your order with a credit card they would ship you the entire shipment of ASIC products and once you get them you could send back the singles/rigs for a refund to the card. Maybe I missed it but it seems this trade in policy seems more clunky then it should be.

Personally I wouldn't be too worried. Most likely they will ship ASICs much later than October, and you can use your singles until they are ready to ship your ASIC order (at least that's what they have said). And if you don't have the $ to exchange all your singles, you shouldn't have any trouble selling some of your singles to raise cash. The singles should hold their value since they are good for a $599 credit toward the purchase of ASIC equipment.
Buckwheet
Member
**
Offline Offline

Activity: 108


View Profile
June 22, 2012, 01:55:50 PM
 #64

Yeah I am not overly concerned just yet. Just concerned that I had the opportunity to get more cash, but I didn't because I didn't know that I would need the extra to upgrade.

So now I am off to try and find some spare change in the cushions so I can just order the ASIC outright when it hits their site.
Dalkore
Legendary
*
Offline Offline

Activity: 1176


ASIC Miner Hosting: www.bitcoinasichosting.com


View Profile WWW
June 22, 2012, 06:16:22 PM
 #65

So wait....

I can't just trade in either my 50 Singles for a new ASIC Mini-Rig ? or my 2 current Mini-Rigs for a brand new ASIC Mini-Rig ? ...WITHOUT any additional money ?

WTF ? Where's the 100% ! ? ! ?  Roll Eyes

The 100% is once you meet the policy's terms.    Yes you have to purchase more to upgrade but on the traded in singles or whathaveyou, you get 100% of the value of that unit.    I am glad for this clarification and that has now cleared up the last piece I needed to finish my Offering Statement for our IPO.    Regardless of my opinion which many of you have read, this is the reality and either you move forward or not.  I am moving forward and going to try this technology out from BFL.  I hope they have read through many of these debates and realize the influence they have and make it a level playing field for us even though they have the advantage on hardware.   Some idea on if they are going to stagger initial orders so let us have a smooth roll-out and ramp up, would be really helpful to all the miners out there.   Thanks

Dalkore

[Winter Fire Sale] Hosting: $60.00 per KW) [6-month contracts] - Link
Transaction List: jayson3 +5 - ColdHardMetal +3 - Nolo +2 - CoinHoarder +1 - Elxiliath +1 - tymm0 +1 - Johnniewalker +1 - Oscer +1 - Davidj411 +1 - BitCoiner2012 +1 - dstruct2k +1 - Philj +1 - camolist +1 - exahash +1 - Littleshop +1 - Severian +1 - DebitMe +1 - lepenguin +1 - StringTheory +1 - amagimetals +1 - jcoin200 +1 - serp +1 - klintay +1 - -droid- +1 - FlutterPie +1
bitpop
Legendary
*
Offline Offline

Activity: 2058


https://keybase.io/bitpop


View Profile WWW
August 19, 2012, 12:30:52 PM
 #66

Can i pay AND ship my singles once the sc's are ready?

Reputation  |  PGP  |  DigitalOcean  |  TorGuard  |  Ethereum Classic
Bitcoin: 3DSh6AnmvBpDJFUz2mnLirMLmTMcFs9nDm
Bitmessage: BM-2cXN9j8NFT2n1FxDVQ6HQq4D4MZuuaBFyb
hotdealdave
Jr. Member
*
Offline Offline

Activity: 40



View Profile
August 19, 2012, 04:12:57 PM
 #67

My fellow farmers and workers, we all should agree that companies like BFL should be doing all their R&D and labor out of the goodness of their hearts, rather than making any profit. Such is the will of the dialectic, comrades!
Pages: « 1 2 3 [4]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!