Topic: ASICMINER Blade Sales [Temporarily Out of Stock] - page 7. (Read 106003 times)

My English is not important at all though it's all you AM shills can get about as you know I'm speaking the truth and you're all assholes  


Neither do I, at least not too much... if they played fair it's their right to price their products as they want. what I do care and that's the reason why I regularly bash them is because they are hypocrites and kind of organized mafia organization. The way they did shill stuff in their first blade auction to "find out it's market price" would be crime anywhere out of bitcoin world and someone would be visited by police. It was so obvious organized event to artificially pump the price of their product so the share price could go up it's untrue.

Many ASICs buyers subscribe to the greater fool theory. Even if they pay too much, they expect to be able to mine for a couple weeks and then resell the hardware for what they paid for it or more.

In the past this worked well because there was no shortage of greater fools waiting to jump on the ASICs train, but buyers are starting to get smarter about their ASICs purchases by scoffing at some of the recent overpriced offerings.

I don't blame ASICMiner for capitalizing on the ASICs craze. In fact, they appear to be a very well run company that is good at maximizing profits as their competition stumbles along. They couldn't capture 25% of the Bitcoin network if they had competent competition. If their shares weren't so expensive at the moment, I would buy some.

Your english is somewhat broken.  Did you mean to ask: "What are you going to do about that?"  If so:  Ignored.  Another whiner bites the dust.

No, I won't shut the fuck up, I'll call such a twattish and hypocrite company as long as I can type.. what can you do with that?

Okay, we get it.  You hate Asicminer and BFL.  Does it matter to anyone but yourself?  If yes, go write your congressmen, file a strongly-worded BBB complaint, or hold hands with each other.  If not, STFU.

They can pay 300 BTC as far as I'm concerned but that doesn't make them less dumb.

The point is that AM is a company that is full equivalent of all those real world corporations that many people from bitcoin community apparently hate and who are the part of a reason why they are involved with cryptostuff.

AsicMiner doesn't give a shit about cryptocommunity, network etc, etc.. all they care is to milk most $$ out of it. I'm not sure who I hate more BFL or them. BFL is obviously worse but they're less hypocrites than lovely friedcat and his army of shareholding shills. And those that let them to rob them while launching their beautiful asic smiles are biggest idiots in that story.

You are speaking your perspective and opinion as absolute, but these things are not for any one person decide. This is a marketplace, and any item is worth exactly what any buyer is willing to pay for it. Simple as that.

Timing is barely important when it's very hard to meet ROI no matter when you bought it. And even if you do you'll need so much time to do it that you could double those coins trading them.

ASIC investments should be high profit ones like Avalon 1 was, it's risky investment and potential award should be big too, not something you have to fear for months or more if you would ever recover what you invested. It's only AsicMiner and it's shareholders who made significant profit on AM hardware sales, suckers who bought at any time are certainly not in that group.

There's no niche on this planet where final product that is supposed to make money to final user makes dozen(s) time less money (or not at all) to that final user than it makes to ones who sell the product. So yeah, people who are buying AsicMiner products are dumb, very dumb. They're filling AM's pockets with huge amounts of money while investing significant amounts of money in something that might bring them very small profit or none at all.

I know AM shareholders don't like me or anyone else saying this so clearly as AM is second coming for them but I couldn't care less about that.

True, there seems to be no shortage of greater fools that will buy used ASIC mining hardware at inflated prices. Heck, even the USB miners are selling for between $300-400 on Ebay, so it seems like there are plenty of folks that are not very good at basic math and would be happy to buy ASIC mining hardware for more than it will earn in BTC.

Folks that bought blades at 50 BTC when they were announced on May 13th did a lot better than the folks who bought them at the same price a month later.

Hint: It pays to buy as soon as a product is announced assuming it is ready to ship because everyday you wait your ROI goes down. I am anxiously awaiting the ASICMiner announcement on their upgraded Blades and pricing. I hope increased competition from Avalon bulk chip sales will push the price of ASIC mining hardware down to reasonable levels in the near future.

People buying AM blades aren't necessarily as dumb as you think they are. The blades are an asset like any other, and the biggest part of profiting from bitcoin assets is timing.

When did you buy? How much did you make while you held? What did you sell for?

Add those up and a blade owner can actually come out on top, even with difficulty rises.

Can't see anything new there--- whoever ever bought any AsicMiner mining product poured money into losing proposition. Well,except AsicMiner shills who faked first blade auction to pump it's retail price and with that the AM share they have.

Can't say I feel sorry for them though I do admire them. You have to be seriously talented dumbass to get caught in AsicMiner's community robbery - like some 150$ profit margin on USBs (each of thousands of sold ones) while buyers won't sniff ROI ever.

If there's one proof that bitcoin community is filled by absolute idiots there's no need to go further then AsicMiner sale threads.

https://bitcointalksearch.org/topic/google-doc-with-exponential-fit-lead-time-and-linear-rate-target-236050

Take a look. Someone put it on Google Docs.

I'd have to check your numbers to be sure. But that sounds about in the right neighborhood.

"-If friedcat sets a price higher than 13,2BTC no miner will get a ROI from Asicminer July Batch. (I expect the new price to be 25BTC/Blade)"

Correct, if he doesn't lower the price (or dramatically increase the performance), then effectively you'd be pouring money into a losing proposition.

If you have doubts as to what the spreadsheet tells you, then feel free to use very conservative percentages and compare that with actual reality.

======================================

If you have serious doubts, simply plug in the current amount you made in one day as the first date. Then set the percentage to 0%.

When the next difficulty correction occurs, take note of the percentage the difficulty went up that week. Take note of what you would have made (in BTC) if things remained the same difficulty up to the very end of the year.

Now put in that number (manually) into the first percentage deduction. From that you will know just how much of your yearly earnings you lost in just that immediate change.

Every week that passes by, simply plug in the actual percentage of difficulty change and you'll see the years end amount decrease by that certain amount.

It will give you an irrefutable insight into what you are losing 1 year down the road. It won't take you, or anyone, that long to figure out...your not going to make back what you thought you would.

If your miner costs more than that value, then it is overpriced. You'll never make back the money that you put into it.

---------------------

The only way I see people making money off ASICMiner is through their shares. If they grow in value then by the shares price alone, you will make money.

But buying the hardware itself is simply like throwing money into a fire pit at this point. The current generation and configuration of ASICs aren't as profitable as people believe they are.

Thank you PuertoLibre for your tool.

If I understand correctly, and looking at your figures, a 10GH/S device will make 6,7BTC in July, 3,3BTC in August, 1,5BTC in September, and 1,5BTC for the rest of its hashing life. Starting @ 01/07/2013. That equals to 13,2BTC.

2 facts then if I am not mistaken :

-If friedcat sets a price higher than 13,2BTC no miner will get a ROI from Asicminer July Batch. (I expect the new price to be 25BTC/Blade)

-the price of a 10GH/s burnin device made with Avalons chips is around 4.5BTC(correct me if wrong).

-> That means the 10GH/S must be hashing before 16/08/2013 or I will not make ROI on my Avalon chips.

Hopefully(best scenario) they will arrive mid July in the hands of burnin(the chips are supposed to leave factory 4 weeks after the samples).

If it happens that in one week he can send the boards as he says, then I will make 3.6BTC from 22/07/2013 to 16/08/2013 and then 4.42BTC for the rest of its life.

It seems it will be a hot summer if the chips are late...

This just happened to both of my blades when Eligius when offline about an hour ago.  They both switched to low clock, and insteead of switching to my backup pool, kept trying to submit shares through the stratum proxy, which had quit entirely and was just generating an error (should have done a screenshot but I was in a hurry to get things moving again)...

i had the same problem after switch to high clock after restart it was low, then i hit update/restart button after switching to high clock and now its always high

My acisminer blade goes well.
Maybe your internet browse allways refresh at the 'http://192.168.1.254:8000/Sw_Clock'.
Just close your browse and reopen Microsoft IE at http://192.168.1.254:8000/main.
Things maybe go well.
Best Regards.

 *mumbles something about going past 200 mil difficulty and everyone gets out of the game*

Wow, the logics are OP. Who would be putting new hardware on line to raise the difficulty when the difficulty is already 59 BILLION. Thats 4,500,000TH, of which 4490000TH will never pay for itself. So it will never arrive. So it won't get there.

Stop spreading your bullshit please.

Not unreasonable.

http://bitcoin.sipa.be/speed-lin.png

(The dip in the last day or two is ASICMiner taking hardware offline temporarily)