ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 848.

Lohoris

hero member

Activity: 630

Merit: 500

Bitgoblin

Quote from: tinus42 on July 16, 2013, 05:26:06 PM

I fear Bitcoin is going to turn out to become a game for the rich. Who are either the lucky first adopters who didn't delete their wallet.dat or the likes of the Winklevii who were already rich and could afford to diversify into BTC. You can only make money with money. Just like in the current financial system.

The Average Joe will just have to sweat to get scraps from the tables of the wealthy. Same as it ever was. Roll Eyes

Nonsense.

Bitcoin is an instrument.

Someone got rich with it, most of the people will just use it.

tinus42

hero member

Activity: 784

Merit: 501

Quote from: fumble on July 16, 2013, 04:52:01 PM

Quote from: conv3rsion on July 16, 2013, 03:25:17 PM

Quote from: velacreations on July 16, 2013, 02:35:40 PM

Quote from: conv3rsion on July 16, 2013, 02:03:42 PM

if i can't buy them, a lot of people can't. what's that mean then?

demand is high, we should raise the price.

somebody gets it.

Greed?

Seriously. Happy customers = repeat customers and invaluable word of mouth advertising. Its not going to be pretty when they realize their 1BTC device can only make .5 BTC in its lifetime.

I fear Bitcoin is going to turn out to become a game for the rich. Who are either the lucky first adopters who didn't delete their wallet.dat or the likes of the Winklevii who were already rich and could afford to diversify into BTC. You can only make money with money. Just like in the current financial system.

The Average Joe will just have to sweat to get scraps from the tables of the wealthy. Same as it ever was. Roll Eyes

Lohoris

hero member

Activity: 630

Merit: 500

Bitgoblin

Quote from: notme on July 16, 2013, 03:28:00 PM

There might be room for some price increase. However, I feel that forcing people to go through resellers will help to build out the distribution network, which will be good for the longer term health of the company. Dealing directly with small, retail customers is an unnecessary headache for friedcat.

+1

Quote from: conv3rsion on July 16, 2013, 03:30:36 PM

we don't have to raise the price, we just have to maximize profit.

Supply shortages means that we are failing to do that. So either we raise the price, or we increase supply.

That's not the same thing.
Increasing the supply also increases the difficulty, which lowers the profits of both buyers and AM itself.
It's a very delicate balance.

Quote from: CoinBomb on July 16, 2013, 05:08:46 PM

if supply runs out each time, surely an auction style purchase system would be the best way to maximise profits. highest bidder gets em.

+1

Lohoris

hero member

Activity: 630

Merit: 500

Bitgoblin

Quote from: binaryFate on July 16, 2013, 03:20:49 PM

if all the current buyers of USB miners right now, can break even in 3~6 months

lol?
you know difficulty rises, yes?

Lohoris

hero member

Activity: 630

Merit: 500

Bitgoblin

Quote from: San1ty on July 16, 2013, 11:53:12 AM

Lol! Option writers have no balls on BTC when compared with stock exchanges.
That PUT option you wrote basically translates into give me free BTC.

Anyway best of luck

.

Are you seriously comparing with stock exchanges were a "great APR" is considered to be 3%?

If the premium wouldn't beat the dividend, I'd just buy more shares instead of emitting puts... Roll Eyes

CoinBomb

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if supply runs out each time, surely an auction style purchase system would be the best way to maximise profits. highest bidder gets em.

teek

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Activity: 667

Merit: 500

Quote from: conv3rsion on July 16, 2013, 01:17:06 PM

i've been trying to buy USBs for a week, the backorders everywhere (direct, btcguild, group buys) are getting really annoying. As a shareholder, I hope we can ramp up supply soon.

We have plenty at WTCR.ca and have already filled hundreds of orders to satisfied customers all over the world

teek

SebastianJu

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Legendary Escrow Service - Tip Jar in Profile

Im not so sure the price has to be raised. I mean competition will come in very short time and AM has an interest that the customers buy from them instead from others. So the price has to be competitive too. If they bought its better than if they wait for cheaper competitor miners and buy then. The bitcoins only can be spent once.

fumble

newbie

Activity: 35

Merit: 0

Quote from: conv3rsion on July 16, 2013, 03:25:17 PM

Quote from: velacreations on July 16, 2013, 02:35:40 PM

Quote from: conv3rsion on July 16, 2013, 02:03:42 PM

if i can't buy them, a lot of people can't. what's that mean then?

demand is high, we should raise the price.

somebody gets it.

Greed?

Seriously. Happy customers = repeat customers and invaluable word of mouth advertising. Its not going to be pretty when they realize their 1BTC device can only make .5 BTC in its lifetime.

helixone

full member

Activity: 131

Merit: 100

Quote from: conv3rsion on July 16, 2013, 03:30:36 PM

Quote from: notme on July 16, 2013, 03:28:00 PM

Quote from: conv3rsion on July 16, 2013, 03:25:17 PM

Quote from: velacreations on July 16, 2013, 02:35:40 PM

Quote from: conv3rsion on July 16, 2013, 02:03:42 PM

if i can't buy them, a lot of people can't. what's that mean then?

demand is high, we should raise the price.

somebody gets it.

There might be room for some price increase. However, I feel that forcing people to go through resellers will help to build out the distribution network, which will be good for the longer term health of the company. Dealing directly with small, retail customers is an unnecessary headache for friedcat.

we don't have to raise the price, we just have to maximize profit.

Supply shortages means that we are failing to do that. So either we raise the price, or we increase supply.

It has nothing to do with the resellers, they cant get them either (see btcguild 2-3 week backorder).

Mmm.. I think classic manufacturing models are hugely accelerated here in that each production run will sell for a lower price than the next due to a series of difficulty increases. Thus, it is probably in shareholders' interests if AM/FC does not hang onto excess inventory between supply runs, and sells for the most he can. If that means we have a break of availability in between each run it is not the end of the world, as that also provides some justification for the earlier purchasers to have paid the higher price, and provides a cleaner transition to a lower selling price point.

That said, one could argue that we left money on the table from our last run, but I think since it was our first decent sized production run, with sales in mind, there was a lot of guesstimation on the demand side. As time goes on forecasting should get better.

-helixone

notme

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Activity: 1904

Merit: 1002

Quote from: conv3rsion on July 16, 2013, 03:30:36 PM

Quote from: notme on July 16, 2013, 03:28:00 PM

Quote from: conv3rsion on July 16, 2013, 03:25:17 PM

Quote from: velacreations on July 16, 2013, 02:35:40 PM

Quote from: conv3rsion on July 16, 2013, 02:03:42 PM

if i can't buy them, a lot of people can't. what's that mean then?

demand is high, we should raise the price.

somebody gets it.

There might be room for some price increase. However, I feel that forcing people to go through resellers will help to build out the distribution network, which will be good for the longer term health of the company. Dealing directly with small, retail customers is an unnecessary headache for friedcat.

we don't have to raise the price, we just have to maximize profit.

Supply shortages means that we are failing to do that. So either we raise the price, or we increase supply.

It has nothing to do with the resellers, they cant get them either (see btcguild 2-3 week backorder).

I must have been lucky then. My order came in 2 business days, but that was a week or so back.

conv3rsion

sr. member

Activity: 310

Merit: 250

Quote from: notme on July 16, 2013, 03:28:00 PM

Quote from: conv3rsion on July 16, 2013, 03:25:17 PM

Quote from: velacreations on July 16, 2013, 02:35:40 PM

Quote from: conv3rsion on July 16, 2013, 02:03:42 PM

if i can't buy them, a lot of people can't. what's that mean then?

demand is high, we should raise the price.

somebody gets it.

There might be room for some price increase. However, I feel that forcing people to go through resellers will help to build out the distribution network, which will be good for the longer term health of the company. Dealing directly with small, retail customers is an unnecessary headache for friedcat.

we don't have to raise the price, we just have to maximize profit.

Supply shortages means that we are failing to do that. So either we raise the price, or we increase supply.

It has nothing to do with the resellers, they cant get them either (see btcguild 2-3 week backorder).

notme

legendary

Activity: 1904

Merit: 1002

Quote from: conv3rsion on July 16, 2013, 03:25:17 PM

Quote from: velacreations on July 16, 2013, 02:35:40 PM

Quote from: conv3rsion on July 16, 2013, 02:03:42 PM

if i can't buy them, a lot of people can't. what's that mean then?

demand is high, we should raise the price.

somebody gets it.

There might be room for some price increase. However, I feel that forcing people to go through resellers will help to build out the distribution network, which will be good for the longer term health of the company. Dealing directly with small, retail customers is an unnecessary headache for friedcat.

conv3rsion

sr. member

Activity: 310

Merit: 250

Quote from: velacreations on July 16, 2013, 02:35:40 PM

Quote from: conv3rsion on July 16, 2013, 02:03:42 PM

if i can't buy them, a lot of people can't. what's that mean then?

demand is high, we should raise the price.

somebody gets it.

binaryFate

legendary

Activity: 1512

Merit: 1012

Still wild and free

Quote from: canth on July 16, 2013, 03:14:22 PM

Quote from: velacreations on July 16, 2013, 02:35:40 PM

Quote from: conv3rsion on July 16, 2013, 02:03:42 PM

if i can't buy them, a lot of people can't. what's that mean then?

demand is high, we should raise the price.

Bingo. However, I'm OK with the reduced price given that it's a good balance between setting the prices too high (and giving purchasers a bad taste for bitcoin mining hardware) and leaving some left on the table. It's last gen hardware - it should go at a bit of a discount with new hardware due soon.

I agree with the main idea: if all the current buyers of USB miners right now, can break even in 3~6 months, at that time they would buy again, and even buy more, happily!! If you reach the point where nobody is going to break-even and they'll understand that in few months, even if they just mine "for the fun" they are not going to order more hardware. I prefer to keep prices reasonable, lose 10% short term, and have a huge community of satisfied customers in 6 months buying the next gen items with a happy smile.

canth

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Activity: 1442

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Quote from: velacreations on July 16, 2013, 02:35:40 PM

Quote from: conv3rsion on July 16, 2013, 02:03:42 PM

if i can't buy them, a lot of people can't. what's that mean then?

demand is high, we should raise the price.

Bingo. However, I'm OK with the reduced price given that it's a good balance between setting the prices too high (and giving purchasers a bad taste for bitcoin mining hardware) and leaving some left on the table. It's last gen hardware - it should go at a bit of a discount with new hardware due soon.

velacreations

sr. member

Activity: 476

Merit: 250

Quote from: conv3rsion on July 16, 2013, 02:03:42 PM

if i can't buy them, a lot of people can't. what's that mean then?

demand is high, we should raise the price.

BlackLilac Jordan

full member

Activity: 163

Merit: 100

Quote from: conv3rsion on July 16, 2013, 01:17:06 PM

i've been trying to buy USBs for a week, the backorders everywhere (direct, btcguild, group buys) are getting really annoying. As a shareholder, I hope we can ramp up supply soon.

My psychic powers are telling me that you will hear news this week that will make you very happy. Wink

tinus42

hero member

Activity: 784

Merit: 501

Quote from: notme on July 16, 2013, 02:16:07 PM

Quote from: conv3rsion on July 16, 2013, 02:03:42 PM

Quote from: notme on July 16, 2013, 01:56:20 PM

Quote from: conv3rsion on July 16, 2013, 01:17:06 PM

i've been trying to buy USBs for a week, the backorders everywhere (direct, btcguild, group buys) are getting really annoying. As a shareholder, I hope we can ramp up supply soon.

Try ebay

if i can't buy them, a lot of people can't. what's that mean then?

It means they were all bought by resellers who are now selling them on ebay and through other venues.

Mine is on the way from eBay. I payed $152.50 for it with free shipping. Not to bad considering a month ago you'd have to pay more than 2BTC for it when Bitcoin was $120-130. Bitcoin is around $100 again, so if I ordered today I'd have to pay $129.70 including shipping if I ordered from yxt. If BTC reaches $120 again when yxt is restocked I'd pay more than I paid the eBay seller. Plus I have buyer protection.

binaryFate

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Activity: 1512

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Still wild and free

Quote from: notme on July 16, 2013, 02:16:07 PM

Quote from: conv3rsion on July 16, 2013, 02:03:42 PM

Quote from: notme on July 16, 2013, 01:56:20 PM

Quote from: conv3rsion on July 16, 2013, 01:17:06 PM

i've been trying to buy USBs for a week, the backorders everywhere (direct, btcguild, group buys) are getting really annoying. As a shareholder, I hope we can ramp up supply soon.

Try ebay

if i can't buy them, a lot of people can't. what's that mean then?

It means they were all bought by resellers who are now selling them on ebay and through other venues.

Which means we could sell so much more... Friedcat, there is a huge demand to satisfy!! Don't let anybody wanting hardware with empty hands! Scale up, nothing to fear!

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