Topic: [ANN] Bitfury ASIC sales in EU and Europe - page 15. (Read 250517 times)

Order received. Thanks punin for fast delivery ! 

+1

Could you move your conversation to mining speculation or other relevant thread, please?

Wow!

This: http://thegenesisblock.com/mining/a/391de737f5 will hold as long as difficulty keeps increasing the way it did the last months. It's all about difficulty, no "business model" in the world is going to change growth of difficulty, unless it contains buying up all ASIC hardware manufacturers. As some companies just start(ed) shipping, difficulty will grow for a long time before it saturates. By the time saturation is reached, current mining hardware is going to mine a few satoshis per day.

No, I don't want that. I can think of some business models myself that could make buying mining hardware profitable (think cex), but that's way more complex than just buying the hardware, plugging it in and let it mine. And that's what 99% of people are doing.

It's really difficult to have a discussion if you don't tell us your arguments. There are some people who provided numbers and explanations and you just come by and use some highbrow wording to discredit people who actually provided proof to their statements while you provided none and just keep saying "Nah, you are stupid, I know better".

Your assumptions of always negative ROI in Bitcoin terms are completely false and superficial nonsense.

You're basically asking me to deliver a business model to you on a platter in order for my words not to be "meaningless", which is retarded.

Nicely written, but your words are meaningless. Please explain to me why one should choose the objective "I have an amount X of BTC now, I'm spending all of it and I will get an amount 0.7*X BTC in the future". And please do so by showing some numbers, like prawda did.

There is only one reason why buying mining hardware now could make sense: If you expect difficulty to NOT grow 20-30% every 2016 blocks. But seriously, who does believe that?

Mining hedges against price stagnation by producing modest BTC income (possibly with principal risk entirely in BTC) with reasonably easy-to-calculate assumptions about power consumption and pessimistic difficulty projections.

Not everyone is a competent technical trader, and mining allows you to accomplish frequent modest profit-taking.

It only doesn't make sense because not everyone has the same goals in this entire financial enterprise as you, just a blanket statement about buying and holding is projecting your own objectives onto people who may have entirely different objectives over completely different timeframes with a desire to be exposed to different amounts of risk.

So buying mining equipment helps you with "market timing" because your coins are locked for months? And if(!) you get your mining hardware the coins are slowly dropping into your wallet again. Maybe I should offer an "I'm holding your coins"-service for people who are unable to hold onto their coins.

What's the point of this statement? This discussion has nothing to do whether you are poor or filthy rich. You have an amount X which you can either invest in BTC directly or in mining hardware. If you have already have an amount Y of BTC you can keep them or sell them. (Buying mining hardware is equivalent to selling them.). It does not matter if you have 1 BTC and 1 EUR on your bank account or 1000 BTC and 1000 EUR.

It's just stupid. I did it myself and all I can say now it's just stupid*. Mining hardware that does not ROI in BTC does not make any sense, as it has been stated multiple times. See the post by prawda with this very simple calculations. Yeah, it's that easy. Don't agree? Show some calculations that prove him false.


* I made a ROI of 200+% on my Bitfury investment. So why am I advising against buying hardware? Because I don't want the network to grow so I can have more profit? Nah, that's not going to work. There are so many (semi-)private mines (100 TH project, ghash.io etc etc) which deploy mining hardware at cost, it's useless to convince consumers to not buy mining hardware. It's because I'm genuinely convinced current mining hardware offers are a rip-off (now even more than before the race to 1000$/BTC). Why buy mining hardware now that will only produce 30-40% of the BTC you could have if you just bought BTC directly. It does not make any sense. Not at all.

Thanks punin!

problem: entering EU vat for my country, it says it is invalid, tried different companies with different vat, w/o country code..

EDIT: looks like ec.europa.eu VAT validation service is down....

Happy New Year 2014!

I have been extremely busy and on vacation and hence it's been mighty quiet here. We just got old-style H-cards back in stock, so I reopen sales. More to follow together with a longer report!

, which still sucks though. Say goodbye to ROI.

Punin where are you !?!

Megabigpower (Dave) drop the price.
Price is more attractive now.

400GH Overclockable Bitcoin Miner Kit => $6,400.00
200GH Overclockable Bitcoin Miner Kit  => $3,200.00
100GH Overclockable Bitcoin Miner Kit  => $1,600.00
Old Style V1.2 H-card => $375.00
New Style V2.2 H-card => $400.00

We need to fill our rig. 

Are you still in business or not anymore?
Please let us know

Ya, happy holidays Bitfury. http://i.imgur.com/GONOTpN.jpg

im sorry too this company went in silent mode, but on the other hand, they are just re-sellers, we cant ask too much from them

Happy New Year bump! 

Any sign of cheap chips coming our way in Europe any time soon? There is talk on the US Bitfury thread of $5/chip for Feb delivery...

No news, no Christmas  gift and price cut.
Some Grinch stole our Christmas   ? 

Bump - it's all gone very quiet on here

Punin - I hope you and your team get a good break over Christmas, but I also really hope you'll be back with bucket loads of chips for sale in the new year!

I would also like to know if he had made any progress on re-stocking the V1.2 H-Boards or V3 M-boards. Seems like everything is at a stand still.

I thought I read punin was going to teach some new staff and update the store this week, did he delete this post?

Because it's natural for the unsophisticated investor to panic sell at every market drop.

Sorry for my harsh words above.  But the "buy and hold" argument really frustrates me because it clogs every hardware thread. Everyone  knows the theory already so it becomes redundant noise.