1Million?(Didnt read the article recognize the story and video)
12,500 BTC per month at the current rates.
~$8,125,000
12,500 BTC per month at the current rates.
~$8,125,000
His hardware investment was a million, I think.. ?
Nope, let me explain to noobs
Hes the authorized North America reseller of Bitfury..... He competes directly with his customers.... and guess where are all the preorders money went to?
Many ppl was "waiting" for their mining gear.... and eventually Dave just offer to "refund" anyway who cant "wait"
Yup, the asshole use his customers money to fund his mining farm..... after he recoup the cost of the gear, he then shipped them out.
The first batch he did ship them out fairly and it got him TONs of money for "second" batch.....
There you go noobs, learn your lessons yet? I've warned ppl of not giving money to anyone thats building their own farm (Avalon, BFL, ASICminer....etc) but no.... idiots are blinded by greed.
Compare to BFL and others where current pre-orders (some paid almost half a year ago) are more expensive per GH than immediately available hardware yet no solid delivery date is in sight.
I stopped buying when I understood he was competing with us and have switched to another company with better pricing.
A few weeks late ..... because its sitting on one of his shelves that you saw in video. Your order makes him enough money for a free mining gear.
Well not really? His huge farm does, but he paid out my order as if I had it, without paying for power. So unless his power is free it cost him money.
