Topic: ASICMINER Auction: 50 Block Erupter Blades CHECK OP FOR PAYMENT - page 40. (Read 138636 times)

https://www.youtube.com/watch?v=-ixRvDkNzYc

1 @ 42.5

Caesium   5   45
kibblesnbits   1   45
samyrp   2   45
Hiroaki   1   44.5
ok   1   44
Fury!   1   44
desired_username   4   44
Lucky - Luciano   1   43.5
win07   1   43.5
lan787   1   43
LainZ   1   43
tccd   2   43
starsoccer9   1   43
Hiroaki   1   42.5
psjw4450   4   42.5
caoxg   1   42.5
BitMagnet   1   42.5
hashman   3   42
Omen1855   1   42
simtel12   1   42
cchan   1   42
puexam   1   42
drawingthesun   1   42
CJPOLO   1   41.5
FlappySocks   1   41.5
Hiroaki   1   41.5
Omen1855   1   41.5
slastar   2   41.5
Ajay   2   41.5
drlatino999   2   41.5
Aajo   1   41
Pinwheel   2   41

1@42

Sorry!

Confirmed, thanks again!

Oh certainly this is true, the tragic thing about BFL is that they took so long. However they actually have ASIC and things are going to change so much when they ship.

Although I still like to point out realities to people new to this wild wild west we call Bitcoin. I prefer as few people to get burned as possible.

BTW desired_username, your not too far back in the queue are you?

Name	Quantity	Price (฿)	Remaining	BTC Count	Updated to post 603	<- seldom updated
Caesium	5	45	45	225
kibblesnbits	1	45	44	45
samyrp	2	45	42	90
Hiroaki	1	44.5	41	44.5
ok	1	44	40	44
Fury!	1	44	39	44
desired_username	4	44	35	176
Lucky - Luciano	1	43.5	34	43.5
win07	1	43.5	33	43.5
lan787	1	43	32	43
LainZ	1	43	31	43
tccd	2	43	29	86
starsoccer9	1	43	28	43
Hiroaki	1	42.5	27	42.5
psjw4450	4	42.5	23	170
caoxg	1	42.5	22	42.5
BitMagnet	1	42.5	21	42.5
hashman	3	42	18	126
Omen1855	1	42	17	42
simtel12	1	42	16	42
cchan	1	42	15	42
puexam	1	42	14	42
CJPOLO	1	41.5	13	41.5
FlappySocks	1	41.5	12	41.5
Hiroaki	1	41.5	11	41.5
Omen1855	1	41.5	10	41.5
slastar	2	41.5	8	83
Ajay	2	41.5	6	83
drawingthesun	1	41.5	5	41.5
drlatino999	2	41.5	3	83
Aajo	1	41	2	41
Pinwheel	2	41	0	82
Total blades:	50		Total BTC:	2141.5
Auction thread (Bid here!)

Googledoc (thanks Vjain!) :
https://docs.google.com/spreadsheet/ccc?key=0AiYcEqkgyjc_dEM5Z19DdUxzV3VBVjlvcVBQTFNOYmc#gid=0

Estimated Countdown (courtesy of JaredR26)

Timer removed. End time: 2013-04-29+13:25:32

Don't worry, I have your back.

Lowest Bid still with Pinwheel, 2@41

Oke.
1@42

Reminds me why I run a CPU miner on solo once awhile.  

Okay guys, please discuss this later when the auction ends.  I'm trying to run an auction here.

Ok, thanks for pointing that out to me. In other words - it is a race to the top for those people that are mining BTC.

Thinking about your remarks, I also realize that this ASICMINER currently on bid, will reduce to about 1/10th  1/12th of 10Gh/s. So it will be sitting at maximum at a comparative rate of 1Gh/s in August. Somewhere else in the thread, I read that a price at 70BTC would mean that it would take about 4 months to recuperate the total investment (with unchanged difficulty). That means approximately in August. (If the final bidding price is lower than 70BTC, the break-even point would be reached a bit earlier, of course)

In other words - it will take several months to break even. By that time the hashing power of the miner is way down. Hm. That makes me ponder... would it really generate enough BTC's by that time? ....  

(Economically speaking, there are also opportunity costs IF.. the BTC would remain upwards trending - the opportunity costs being the not-realized profit should I've kept those 50 BTC in pocket). Hm...

Any thoughts?

I have some BFL device on order. The thing is, even if they don't break even soon after I get them, I will still run them purely for passion. Life is more than money and at these consumption leves I couldn't care less ;-)

https://www.youtube.com/watch?v=fwI_nG1IbWg

  You'll get a free rack to accompany you when you're hung.

I'll be hung on a rack like a deer carcass if I bought 10.

Name   Quantity   Price (฿)
Caesium   5   45
kibblesnbits   1   45
samyrp   2   45
Hiroaki   1   44.5
ok   1   44
Fury!   1   44
desired_username   4   44
Lucky - Luciano   1   43.5
win07   1   43.5
lan787   1   43
LainZ   1   43
tccd   2   43
starsoccer9   1   43
Hiroaki   1   42.5
psjw4450   4   42.5
caoxg   1   42.5
BitMagnet   1   42.5
hashman   3   42
Omen1855   1   42
simtel12   1   42
cchan   1   42
CJPOLO   1   41.5
FlappySocks   1   41.5
Hiroaki   1   41.5
Omen1855   1   41.5
slastar   2   41.5
Ajay   2   41.5
drawingthesun   1   41.5
drlatino999   2   41.5
Aajo   1   41
Pinwheel   3   41


Remember - if you win 10 boards you get a free rack shipped!

The most important thing about Bitcoin mining is time. Say "time" to yourself about a thousand times and you'll have a good idea why people are bidding like mad for a 10GH/s board.

As you may or may not know, as time goes on those GH/s are less and less effective. Things are even worse now because we are on the cusp of thousands of ASIC's being released into the wild. When this happens its will get harder and harder to mine. Remember the network only wants to give the Bitcoin reward every 10 minutes, and as more people add power the network will adjust to make this very hard.

Everything is a risk, if BFL starts to pump out 100 orders a day tomorrow, then everyone here just lost big time. Everyone bidding here wants 10GH/s before BFL ships. They are hoping the board pays for itself and more in 3-4 months otherwise the difficulty will just increase so far they have no chance getting a ROI.

If BFL does not ship thousands of chips over the next 2 months then everyone here may be a winner.

By bidding here we are effectivly shorting BFL over the next several months.

Also, if you just order a 5GH/s from BFL now, you would be better off buying a GPU and mining right now. That queue is killer and people waiting for 5GH/s will get them by December and they will just get a door stop.

2@45

I am gonna up my bid

1@43