With the KNC equipment producing such high numbers, why would anyone buy any more bitfury at the current prices? 
Topic: [ANN] US/North American Bitfury sales NEW STOCK ***NOW SHIPPING*** - page 112. (Read 576785 times)
September 30, 2013, 08:19:18 PM
Better watt/GHz ? I'm on the fence for refund if Oct delivery enter third week of Oct or more.
September 30, 2013, 08:10:05 PM
With the KNC equipment producing such high numbers, why would anyone buy any more bitfury at the current prices?
September 30, 2013, 08:02:11 PM
I invest in things based on as many factors as I can put in, for the express purpose of making a profit. That's like saying that a stock dividend in Euros is invalid because it's not in dollars. Money is what again?
A medium of exchange.
His math was fine. It was his axiom I was questioning.
A medium of exchange.
His math was fine. It was his axiom I was questioning.
Bitcoin mining hardware creates bitcoins. Bitcoins-in vs. bitcoins-out is the most logical way to evaluate an investment in mining hardware.
September 30, 2013, 07:58:39 PM
Again ROI in fiat, not btc. Assuming prices stay around $140/btc and that one can maintain each card at an average of 34Ghash/sec per card for months at a time 24/7/30.
I'm sorry, but ROI in FIAT has no economic sense.
If you need that your BTCs increase in value to get a return you're better off buying and holding them.
If you spent 600 USD (which then were 10 BTCs - it is just an example!) and then you get back, one year from now, 8 BTCs that have a value of 80K USD (just to give an extreme revaluation example) you've simply lost 20K USD!
spiccioli
What are you talking about? spiccioli's example makes 100% sense. If you bought 10BTC (for $600) instead of hardware and hold it you would have 100K in his example. So by buying hardware you've lost 20K.
You don't buy mining hardware to make a capital gain on bitcoin to fiat exchange increase. You buy mining hardware to mine bitcoins. Exchange rate to fiat should not be included in your ROI calculation.
I invest in things based on as many factors as I can put in, for the express purpose of making a profit. That's like saying that a stock dividend in Euros is invalid because it's not in dollars. Money is what again?
A medium of exchange.
His math was fine. It was his axiom I was questioning.
September 30, 2013, 07:10:57 PM
Still waiting on a refund..
Me too - been 10 days now - After multiple email megabigpower.com keeps telling me that my refund is coming - they say Dave wants to do all refunds at once... I'm getting concerned now.
Has any one been given a figure on the refund? 10+ days since the initial email from Dave.
8 days ago I got this email from megabigpower.com
"Dave is working on this and hopes to make the refund soon. I think he has a couple of these to do and wants to do them all at one time. I can't give you an exact date, but I would expect to see it within the next several days."
I have asked for updates and they keep telling me it is coming.
They have not responded to my last email though... Like I said getting worried.
or get strung along until after product is shipping...
Have anyone received their August "delay/mining money". I asked for a store credit but it was not applied yet.
September 30, 2013, 06:31:55 PM
Again ROI in fiat, not btc. Assuming prices stay around $140/btc and that one can maintain each card at an average of 34Ghash/sec per card for months at a time 24/7/30.
I'm sorry, but ROI in FIAT has no economic sense.
If you need that your BTCs increase in value to get a return you're better off buying and holding them.
If you spent 600 USD (which then were 10 BTCs - it is just an example!) and then you get back, one year from now, 8 BTCs that have a value of 80K USD (just to give an extreme revaluation example) you've simply lost 20K USD!
spiccioli
September 30, 2013, 05:31:40 PM
i've been saying no roi for weeks now. the ghash private pull fucked things up and they cut into everyone elses "profits"
And now they're reselling the same 200 TH/s at 0.2 BTC/GH so if they sell it all they end up with 40K more BTCs which is what they could mine in two-three months!
spiccioli
September 30, 2013, 05:27:59 PM
Nice job! 
September 30, 2013, 05:26:59 PM
i've been saying no roi for weeks now. the ghash private pull fucked things up and they cut into everyone elses "profits"
+1 Just one of many of their addresses:
https://blockchain.info/address/1CjPR7Z5ZSyWk6WtXvSFgkptmpoi4UM9BC
Almost as good as avalon. Not quite, but they are getting there.
A lot better actually, since they are so much more energy efficient.
I think 200 THs could run on 200-250 kW.
spiccioli
September 30, 2013, 05:15:23 PM
i've been saying no roi for weeks now. the ghash private pull fucked things up and they cut into everyone elses "profits"
September 30, 2013, 04:14:52 PM
If you paid in USD Using this Better Calculator below ( In my Opinion ) I see ROI pretty quickly no matter how I change it. If you used BTC then you probably bought these when BTC was 76$ a coin then well ouch.
http://btcinvest.net/en/bitcoin-mining-profit-calculator.php?diff=148819199.80509&dcosts=8000&diff_mincrease=20&blpbtc=25&dhsmhs=400000&diff_mincreasedecrease=0.1&btcusd=129.50&dpowcon=380&btcusd_mincrease=0&pcost=0.09&calcweeks=40&dleadtime=1&action=calc
http://btcinvest.net/en/bitcoin-mining-profit-calculator.php?diff=148819199.80509&dcosts=8000&diff_mincrease=20&blpbtc=25&dhsmhs=400000&diff_mincreasedecrease=0.1&btcusd=129.50&dpowcon=380&btcusd_mincrease=0&pcost=0.09&calcweeks=40&dleadtime=1&action=calc
calculate 1.3 coins per day. "What a 400gh Fury makes today"
then drop that 30% every 10 days.
I don't see any ROI.
To be fair its an average of about 33% every 10.4 days. (difficulty average increase over the last couple weeks).
But as far as bitfury you should do 16x33.125 GH/s = 530 GH/s.
or 33.125 Gh/s per H-card.
September 30, 2013, 04:10:32 PM
If I don't hear back in the next few days I will just file for a charge back through my CC.
September 30, 2013, 04:05:00 PM
Still waiting on a refund..
Me too - been 10 days now - After multiple email megabigpower.com keeps telling me that my refund is coming - they say Dave wants to do all refunds at once... I'm getting concerned now.
Has any one been given a figure on the refund? 10+ days since the initial email from Dave.
8 days ago I got this email from megabigpower.com
"Dave is working on this and hopes to make the refund soon. I think he has a couple of these to do and wants to do them all at one time. I can't give you an exact date, but I would expect to see it within the next several days."
I have asked for updates and they keep telling me it is coming.
They have not responded to my last email though... Like I said getting worried.
or get strung along until after product is shipping...
September 30, 2013, 04:03:56 PM
If you paid in USD Using this Better Calculator below ( In my Opinion ) I see ROI pretty quickly no matter how I change it. If you used BTC then you probably bought these when BTC was 76$ a coin then well ouch.
Even if you bought it using "free" BTCs that you bought three years ago for 1c each, you've simply lost (part of) their current value in USD.
Since miners produce BTCs you need to do something that increases your BTCs.
Every one here already believes that BTCs will have a higher value in the future, otherwise no one would be buying units that produce BTCs.
spiccioli
That makes sense, Anyhow I wouldn't complain if there was a Discount for the OCT units if they come the 3-4th week.
September 30, 2013, 04:03:48 PM
If you paid in USD Using this Better Calculator below ( In my Opinion ) I see ROI pretty quickly no matter how I change it. If you used BTC then you probably bought these when BTC was 76$ a coin then well ouch.
http://btcinvest.net/en/bitcoin-mining-profit-calculator.php?diff=148819199.80509&dcosts=8000&diff_mincrease=20&blpbtc=25&dhsmhs=400000&diff_mincreasedecrease=0.1&btcusd=129.50&dpowcon=380&btcusd_mincrease=0&pcost=0.09&calcweeks=40&dleadtime=1&action=calc
http://btcinvest.net/en/bitcoin-mining-profit-calculator.php?diff=148819199.80509&dcosts=8000&diff_mincrease=20&blpbtc=25&dhsmhs=400000&diff_mincreasedecrease=0.1&btcusd=129.50&dpowcon=380&btcusd_mincrease=0&pcost=0.09&calcweeks=40&dleadtime=1&action=calc
calculate 1.3 coins per day. "What a 400gh Fury makes today"
then drop that 30% every 10 days.
I don't see any ROI.
If you received them today. Here is what you'd get:
1.3 Tuesday, October 01, 2013
0.91 Friday, October 11, 2013 13
0.637 Monday, October 21, 2013 9.1
0.4459 Thursday, October 31, 2013 6.37
0.31213 Sunday, November 10, 2013 4.459
0.218491 Wednesday, November 20, 2013 3.1213
0.1529437 Saturday, November 30, 2013 2.18491
0.10706059 Tuesday, December 10, 2013 1.529437
0.074942413 Friday, December 20, 2013 1.0706059
0.052459689 Monday, December 30, 2013 0.74942413
0.036721782 Thursday, January 09, 2014 0.524596891
0.025705248 Sunday, January 19, 2014 0.367217824
0.017993673 Wednesday, January 29, 2014 0.257052477
0.012595571 Saturday, February 08, 2014 0.179936734
0.0088169 Tuesday, February 18, 2014 0.125955714
0.00617183 Friday, February 28, 2014 0.088168999
0.004320281 Monday, March 10, 2014 0.0617183
0.003024197 Thursday, March 20, 2014 0.04320281
0.002116938 Sunday, March 30, 2014 0.030241967
0.001481856 Wednesday, April 09, 2014 0.021169377
0.001037299 Saturday, April 19, 2014 0.014818564
0.00072611 Tuesday, April 29, 2014 0.010372995
0.000508277 Friday, May 09, 2014 0.007261096
0.000355794 Monday, May 19, 2014 0.005082767
0.000249056 Thursday, May 29, 2014 0.003557937
0.000174339 Sunday, June 08, 2014 0.002490556
0.000122037 Wednesday, June 18, 2014 0.001743389
8.54261E-05 Saturday, June 28, 2014 0.001220372
5.97982E-05 Tuesday, July 08, 2014 0.000854261
Total 43.33134006
Just subtract 43.33-13-9.1=21.23 if received in the 3rd week of October, and 14.86 if received at the end of October.
September 30, 2013, 04:01:22 PM
Still waiting on a refund..
Me too - been 10 days now - After multiple email megabigpower.com keeps telling me that my refund is coming - they say Dave wants to do all refunds at once... I'm getting concerned now.
Has any one been given a figure on the refund? 10+ days since the initial email from Dave.
8 days ago I got this email from megabigpower.com
"Dave is working on this and hopes to make the refund soon. I think he has a couple of these to do and wants to do them all at one time. I can't give you an exact date, but I would expect to see it within the next several days."
I have asked for updates and they keep telling me it is coming.
They have not responded to my last email though... Like I said getting worried.
September 30, 2013, 03:59:38 PM
Still waiting on a refund..
Me too - been 10 days now - After multiple email megabigpower.com keeps telling me that my refund is coming - they say Dave wants to do all refunds at once... I'm getting concerned now.
Has any one been given a figure on the refund? 10+ days since the initial email from Dave.
September 30, 2013, 03:59:21 PM
What is the type of Raspberry Pi used with these I'd like to buy a backup one now.
Box says Raspberry Pi Model B Revision 2.0 (512MB)
September 30, 2013, 03:58:59 PM
If you paid in USD Using this Better Calculator below ( In my Opinion ) I see ROI pretty quickly no matter how I change it. If you used BTC then you probably bought these when BTC was 76$ a coin then well ouch.
http://btcinvest.net/en/bitcoin-mining-profit-calculator.php?diff=148819199.80509&dcosts=8000&diff_mincrease=20&blpbtc=25&dhsmhs=400000&diff_mincreasedecrease=0.1&btcusd=129.50&dpowcon=380&btcusd_mincrease=0&pcost=0.09&calcweeks=40&dleadtime=1&action=calc
http://btcinvest.net/en/bitcoin-mining-profit-calculator.php?diff=148819199.80509&dcosts=8000&diff_mincrease=20&blpbtc=25&dhsmhs=400000&diff_mincreasedecrease=0.1&btcusd=129.50&dpowcon=380&btcusd_mincrease=0&pcost=0.09&calcweeks=40&dleadtime=1&action=calc
calculate 1.3 coins per day. "What a 400gh Fury makes today"
then drop that 30% every 10 days.
I don't see any ROI.
There is no way it just keeps Jumping its already slowing down with the current Diff, I am sure we will see huge surges at the end of OCT, and Jan, but I just dont see 1,001,375,593 Diff by Jan 28, just eyballing it that's like 5 times current network speed but only time will tell I suppose. Plus in the EU thread the new Units are hashing at a better rate one Person stated 35 Per card with pencil Mod, that's 560GH even if you only get 520 out of yours I still see ROI if you paid in USD not BTC.
September 30, 2013, 03:58:48 PM
If you paid in USD Using this Better Calculator below ( In my Opinion ) I see ROI pretty quickly no matter how I change it. If you used BTC then you probably bought these when BTC was 76$ a coin then well ouch.
Even if you bought it using "free" BTCs that you bought three years ago for 1c each, you've simply lost (part of) their current value in USD.
Since miners produce BTCs you need to do something that increases your BTCs.
Every one here already believes that BTCs will have a higher value in the future, otherwise no one would be buying units that produce BTCs.
spiccioli
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