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Topic: Avalon batch 3 is almost $6000 - page 2. (Read 1943 times)

donator
Activity: 994
Merit: 1000
March 26, 2013, 11:58:24 PM
#5
Are people really paying this much for a miner? That's a shit load of money and if BFL ever delivers you'll be shit out of luck cause they'll pump out 200-300 units a day. Apparently Avalon is in it for the money, I thought they were here to protect the network. Hahaha, a little money on their lips and they got the greed bug.
Questions like these are usually raised by people who do not understand the economics of mining.

Short answer: see above, pricing has to be done in BTC, due to opportunity cost.

Long answer: What you want is to value the miner in terms of it's ability to perform a ROI in a feasible amount of time. At the break even point, the mining generated as much BTC as you spent when you acquired the equipment. Given that 63 GH/s at 75 BTC currently roughly has a ROI of 1 month puts things into perspective. However, you have to account for the expansion of the network. So a 10x increase of the ROI time is certainly possible. The truth will be somewhere in between - probably around 3 months when they are delivered on time. Expect to make a profit after the first year, and retire the equipment after the second year, unless you have access to cheap power or the purchasing power of BTC soars.
full member
Activity: 308
Merit: 102
March 26, 2013, 11:54:18 PM
#4
And my projections tell me that this product will create at least 72.36 BTC in a maximum of 6 months, even in a worst case scenario...

Share your projection computation please ? I would love to see that.

BTW - it is still usd 6k, and it is not an inflation of usd - it is supply/demand in a small market (bitcoins). If/when demand falls, bitcoin/usd exchage will fall as well, and that would not mean a deflation of usd.

No matter how you cut it, you will have to use fiat to get food - in majority of cases. It is years away (if ever) for bitcoin or any other cryptocurrency to take over fiat, as mass adaptation is just not possible.
sr. member
Activity: 297
Merit: 250
March 26, 2013, 11:51:29 PM
#3
Are people really paying this much for a miner? That's a shit load of money and if BFL ever delivers you'll be shit out of luck cause they'll pump out 200-300 units a day. Apparently Avalon is in it for the money, I thought they were here to protect the network. Hahaha, a little money on their lips and they got the greed bug.


yes, the price is $6000 (or 72.36 BTC)

but this is simply inflation of $fiat$ ....

many people ordered batch 1 at around 100 BTC. so the price measured in BTC has actually dropped.

People need to stop measuring value in dollars, the time of central bank controlled fiat is coming to an end (though it may still take years)

Which brings me to the biggest problem I have with people complaining about the price: Ask yourself, what would you do if you were selling a product for $1500 and people were re-selling your product for over $15,000? Do you think you may consider raising the price a little?

I know I'd be as mad as hell if I created something, and shared it with a bunch of people, and then those same people profited from my hard work by ten-fold with no additional work or value added of their own.



Once again, they are not selling their product for $6000. They are selling it for 72.36 BTC. And my projections tell me that this product will create at least 72.36 BTC in a maximum of 3 months, even in a worst case scenario... And you have the nerve to complain that you can't make profit off of their hard work in less than a month?

Now who's got the "greed bug"?  



the re-selling is batch#2, not batch#3. a big difference
who is willing to take batch#3 for $15,000?
legendary
Activity: 1512
Merit: 1000
@theshmadz
March 26, 2013, 11:47:06 PM
#2
Are people really paying this much for a miner? That's a shit load of money and if BFL ever delivers you'll be shit out of luck cause they'll pump out 200-300 units a day. Apparently Avalon is in it for the money, I thought they were here to protect the network. Hahaha, a little money on their lips and they got the greed bug.


yes, the price is $6000 (or 72.36 BTC)

but this is simply inflation of $fiat$ ....

many people ordered batch 1 at around 100 BTC. so the price measured in BTC has actually dropped.

People need to stop measuring value in dollars, the time of central bank controlled fiat is coming to an end (though it may still take years)

Which brings me to the biggest problem I have with people complaining about the price: Ask yourself, what would you do if you were selling a product for $1500 and people were re-selling your product for over $15,000? Do you think you may consider raising the price a little?

I know I'd be as mad as hell if I created something, and shared it with a bunch of people, and then those same people profited from my hard work by ten-fold with no additional work or value added of their own.



Once again, they are not selling their product for $6000. They are selling it for 72.36 BTC. And my projections tell me that this product will create at least 72.36 BTC in a maximum of 3 months, even in a worst case scenario... And you have the nerve to complain that you can't make profit off of their hard work in less than a month?

Now who's got the "greed bug"?  

legendary
Activity: 1274
Merit: 1000
Personal text my ass....
March 26, 2013, 11:30:24 PM
#1
Are people really paying this much for a miner? That's a shit load of money and if BFL ever delivers you'll be shit out of luck cause they'll pump out 200-300 units a day. Apparently Avalon is in it for the money, I thought they were here to protect the network. Hahaha, a little money on their lips and they got the greed bug.
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