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Topic: ASICMINER Blade Sales [Temporarily Out of Stock] - page 8. (Read 106003 times)

legendary
Activity: 1890
Merit: 1003
Here is the spreadsheet.

Did you really just use a 62 billion difficulty prediction within 12 months....
Use a more conservative number. Use 1%, then 2%. etc

http://dot-bit.org/tools/nextDifficulty.php

If you want to make the curves on your own you can change the table at the right. The next difficulty is 24%. Far higher than what my chart shows.

That means you are about to lose 24% of everything you would have made in the next year if difficulty remained absolutely flat. What do you think it will be next week? 2%?

Each successive 15% is a smaller proportion of the pie than the last. So it should be a good median start.
The 15% or 24% increase every difficulty change will not sustain for an entire year. At some point it will start tapering off well before we hit 62 billion. In parts of the world with expensive electricity, ASIC miners and Avalons will start becoming unprofitable to operate at around the 500 million difficulty mark (at current exchange rates). People would have to be really stupid to keep buying when we get close to that point.
Which just means you'll lose most of the value at the very beginning.

I chose 15% because it is neither too high nor too low. I back tested 15% (@ a frequency of 14 day corrections) to when I got my Avalon and it turned out very close to what I actually made. (it was actually a little bit higher than actual)

While I am aware that the first 15% is inaccurate and too low @ a frequency of 7 days per correction, (as we know 24% is the next figure) I figured the median of 15% should compensate for peaks and troughs over time.

As more ASIC come online the frequency towards the end should be even shorter than 7 days. Which will make corrections in difficulty all that more severe than what is depicted.
hero member
Activity: 518
Merit: 500
Here is the spreadsheet.

Did you really just use a 62 billion difficulty prediction within 12 months....
Use a more conservative number. Use 1%, then 2%. etc

http://dot-bit.org/tools/nextDifficulty.php

If you want to make the curves on your own you can change the table at the right. The next difficulty is 24%. Far higher than what my chart shows.

That means you are about to lose 24% of everything you would have made in the next year if difficulty remained absolutely flat. What do you think it will be next week? 2%?

Each successive 15% is a smaller proportion of the pie than the last. So it should be a good median start.
The 15% or 24% increase every difficulty change will not sustain for an entire year. At some point it will start tapering off well before we hit 62 billion. In parts of the world with expensive electricity, ASIC miners and Avalons will start becoming unprofitable to operate at around the 500 million difficulty mark (at current exchange rates). People would have to be really stupid to keep buying when we get close to that point.

What if all miners are on 28nm by then?
donator
Activity: 1617
Merit: 1012
Here is the spreadsheet.

Did you really just use a 62 billion difficulty prediction within 12 months....
Use a more conservative number. Use 1%, then 2%. etc

http://dot-bit.org/tools/nextDifficulty.php

If you want to make the curves on your own you can change the table at the right. The next difficulty is 24%. Far higher than what my chart shows.

That means you are about to lose 24% of everything you would have made in the next year if difficulty remained absolutely flat. What do you think it will be next week? 2%?

Each successive 15% is a smaller proportion of the pie than the last. So it should be a good median start.
The 15% or 24% increase every difficulty change will not sustain for an entire year. At some point it will start tapering off well before we hit 62 billion. In parts of the world with expensive electricity, ASIC miners and Avalons will start becoming unprofitable to operate at around the 500 million difficulty mark (at current exchange rates). People would have to be really stupid to keep buying when we get close to that point.
full member
Activity: 238
Merit: 100
I run Linux on my abacus.

And this is exactly why these devices are, and have been from the start, way overpriced. Some people keep on harping how Asicminer is soooo good for Bitcoin and all that crap. While the truth is they're ruthless capitalists who exploit the people who fail at maths completely. I guess there is a lot of truth in the saying "A fool and his money are easily parted".

The only people profiting here are Asicminer, and to a lesser degree, their shareholders. I said it before, and I say it again: Asicminer leaves no profit to their customers. Check back in a year and tell me how much profit you made from your BEB bought @50 BTC...
legendary
Activity: 1890
Merit: 1003
Here is the spreadsheet.

Did you really just use a 62 billion difficulty prediction within 12 months....
Use a more conservative number. Use 1%, then 2%. etc

http://dot-bit.org/tools/nextDifficulty.php

If you want to make the curves on your own you can change the table at the right. The next difficulty is 24%. Far higher than what my chart shows.

That means you are about to lose 24% of everything you would have made in the next year if difficulty remained absolutely flat. What do you think it will be next week? 2%?

Each successive 15% is a smaller proportion of the pie than the last. So it should be a good median start.
legendary
Activity: 1666
Merit: 1185
dogiecoin.com
Here is the spreadsheet.

Did you really just use a 62 billion difficulty prediction within 12 months....
legendary
Activity: 1890
Merit: 1003
newbie
Activity: 34
Merit: 0
Any chance of selling something that is not way overpriced
for those of us who can do basic maths?


I don't know the specific language of your math, but my blades are turning ROI in 3 weeks and then pure profit...

It is very clear, he bought them for 9 bitcoins or he is living in a other time period where the difficulty is 5 times lower.
legendary
Activity: 1666
Merit: 1185
dogiecoin.com
Its possible but needs specialist equipment
legendary
Activity: 1652
Merit: 1067
Christian Antkow
Anyone know a way around the Blades resetting to a low clock after being disconnected from a pool for a while ? Consistently happens for me when Bitminter goes offline Sad
Only happens on B1 firmware.

 .. and a quick search reveals it's not possible to upgrade the firmware, correct ?
legendary
Activity: 1666
Merit: 1185
dogiecoin.com
Anyone know a way around the Blades resetting to a low clock after being disconnected from a pool for a while ? Consistently happens for me when Bitminter goes offline Sad
Only happens on B1 firmware.
legendary
Activity: 1652
Merit: 1067
Christian Antkow
Anyone know a way around the Blades resetting to a low clock after being disconnected from a pool for a while ? Consistently happens for me when Bitminter goes offline Sad
hero member
Activity: 602
Merit: 500
Vertrau in Gott
Any chance of selling something that is not way overpriced
for those of us who can do basic maths?


I don't know the specific language of your math, but my blades are turning ROI in 3 weeks and then pure profit...

You mine 50 btc in 3 weeks?? Lool.
hero member
Activity: 658
Merit: 500
Any chance of selling something that is not way overpriced
for those of us who can do basic maths?


I don't know the specific language of your math, but my blades are turning ROI in 3 weeks and then pure profit...
full member
Activity: 178
Merit: 101
Very good question, pand! Grin
sr. member
Activity: 476
Merit: 250
Any chance of selling something that is not way overpriced
for those of us who can do basic maths?

sr. member
Activity: 325
Merit: 250
Our highest capital is the Confidence we build.
friedcat for president !
Of any specific country? Cool



Of the Autonomous Self-determined Free Space of the Internet.  Tongue
legendary
Activity: 1666
Merit: 1185
dogiecoin.com
I'm still looking for buyers and sellers. Big list of both, just matching people up by region, price and requirements Smiley PM me for details, things moving quickly.
hero member
Activity: 667
Merit: 500
We have some blades left @ http://www.wtcr.ca
legendary
Activity: 4354
Merit: 3614
what is this "brake pedal" you speak of?
friedcat for president !
Of any specific country? Cool



why, all of them of course.
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