BFL 30GH delivered - page 2. | Bitcointalksearch.org

Schrankwand

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Quote

This is really simple.
If you buy a miner, you pay for it x worth of BTC. even if it is payed in USD it is still worth x BTC at the moment of purchase!
If the miner mines less than x BTC alltogether than you lose because you could have bought x BTC instead of buying the miner.
This is a fact. It has nothing to do with assumptions, theories, feelings, subjective way of looking at the world. Just a very simple math.

The oil price has increased heavily in the last years. You can tell start telling me now that through investing in Bitcoin miners, I might have lost the profits in oil investments.

That is the same kind of argument.

Quote

x BTC is always bigger than "less than x BTC";

Yeah. Of course, that is simple. However you would also be right if you said "If you had invested in Apple stocks some years ago instead of... you would have more USD than before, simple math." It is just as nonsensical.

justanickname

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Quote from: Schrankwand on July 03, 2013, 07:45:34 AM

If the asking price was 100BTC at that time, I would agree. But that was the conversion price. Not the asking price.

This is really simple.
If you buy a miner, you pay for it x worth of BTC. even if it is payed in USD it is still worth x BTC at the moment of purchase!
If the miner mines less than x BTC alltogether than you lose because you could have bought x BTC instead of buying the miner.
This is a fact. It has nothing to do with assumptions, theories, feelings, subjective way of looking at the world. Just a very simple math.

And mostly it doesn't matter if when the mining is over, BTC worth a lot more USD (which means either way you earned USD)
or a lot less (which means either way you lost USD).

x BTC is always bigger than "less than x BTC";

All I am saying is that only if op is able to mine more than 100BTC he had a good deal.

Schrankwand

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Quote from: justanickname on July 03, 2013, 07:00:08 AM

Quote from: philips on July 03, 2013, 06:28:13 AM

No, that is not the correct way to look at it, is just one way to look at it.

philips,

When you buy a minner, you want to earn as much BTC as possible (if you don't agree on this statement this discussion is pointless)

You have 650$ which can buy you 100BTC directly.

If you instead buy a minner with these 650$ and mine less than 100BTC
it was a bad deal because the 650$ gave you less than 100BTC.

Care to explain why this is not the correct calculation?

Thanks

You should have bought Gold ten years ago, how could you buy stocks.

If you buy dollars now you have lost totally to euro conversion from 2008 when we once hit 1,50.

That is the only right way to look at it.

Those assumptions are worthless. The "would" assumption is simply a scenario comparison. From the point of time he made the decision, that is if he bought for $650 which was the asking price, he is making money. If the asking price was 100BTC at that time, I would agree. But that was the conversion price. Not the asking price.

And even then, it might not matter. Because it means he has lost something since he waited on something. Those are speculative costs that after all, could not even be in any way foreseen.

philips

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Quote from: justanickname on July 03, 2013, 07:00:08 AM

stuff

Yes yes, same ol' same ol' woulda coulda shoulda, we've been through this for what...a gajillion times already?

justanickname

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Quote from: philips on July 03, 2013, 06:28:13 AM

No, that is not the correct way to look at it, is just one way to look at it.

philips,

When you buy a minner, you want to earn as much BTC as possible (if you don't agree on this statement this discussion is pointless)

You have 650$ which can buy you 100BTC directly.

If you instead buy a minner with these 650$ and mine less than 100BTC
it was a bad deal because the 650$ gave you less than 100BTC.

Care to explain why this is not the correct calculation?

Thanks

philips

hero member

Activity: 700

Merit: 500

Quote from: justanickname on July 03, 2013, 06:25:37 AM

Quote from: Unacceptable on July 03, 2013, 02:01:59 AM

I only kept my order cause I didn't see they were folding up & running & 30GH for $650 was a great deal Tongue

Sorry to ruin the party, but the correct way of looking at it is that you bought 30GH for 100BTC (because a year and 5 days ago 1BTC=$6.5);

You could have bought with your 650$ 100BTC instead.
If you ever profit more than 100BTC (which I really hope you do) then it will be a good/great deal

Good luck!

No, that is not the correct way to look at it, is just one way to look at it.

justanickname

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Quote from: Unacceptable on July 03, 2013, 02:01:59 AM

I only kept my order cause I didn't see they were folding up & running & 30GH for $650 was a great deal Tongue

Sorry to ruin the party, but the correct way of looking at it is that you bought 30GH for 100BTC (because a year and 5 days ago 1BTC=$6.5);

You could have bought with your 650$ 100BTC instead.
If you ever profit more than 100BTC (which I really hope you do) then it will be a good/great deal

Good luck!

Unacceptable

legendary

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Quote from: philips on July 03, 2013, 02:17:00 AM

Well, every dude that has a BFL device must be a shill. It makes sense.

OHHH,wow did I misjudge him,I'm soooo sorry Cheesy

philips

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Well, every dude that has a BFL device must be a shill. It makes sense.

Unacceptable

legendary

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Quote from: solitude on July 02, 2013, 09:27:00 PM

stop bumping this thread faggots, it's clear the OP is a BFL paid shill

This guy is funny!!!!!!!!!! BFL is about as big a P.O.S. as bASIC was........................The freakin lies from october till Feb were insane,"just 2 more weeks" over & over & over.

I only kept my order cause I didn't see they were folding up & running & 30GH for $650 was a great deal Tongue

How's THAT for a freakin BFL shill,you moron!!!!!!!!!!! Roll Eyes

quattro

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congrats ... I see you got two mugs too.

k9quaint

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Quote from: solitude on July 02, 2013, 09:27:00 PM

stop bumping this thread faggots, it's clear the OP is a BFL paid shill

http://en.wikipedia.org/wiki/Lithium_(medication)

solitude

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Activity: 674

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stop bumping this thread faggots, it's clear the OP is a BFL paid shill

tacoman71

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Quote from: dentldir on July 01, 2013, 11:56:04 PM

Congrats. Haters may not agree, but coffee actually tastes just a bit better out of BFL mugs they day after your order arrives.

Oh yeah and congrats on the black box too.

LOLS. BTW, how do you get a BFL mug?

chanberg

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Activity: 672

Merit: 500

man that unit sounds loud as heck

innovation

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Activity: 280

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Congrats！

OmegaNemesis28

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Quote from: Unacceptable on July 01, 2013, 11:57:47 PM

Quote from: Kiders on July 01, 2013, 11:49:16 PM

maybe posting some info about when did you order. did you promise bfl to post pictures etc ?

No I didn't promise anything,just proof that I finally got it Tongue

Ordered 6/23/2012 #1825,shipped Friday 6/28/2013 7:30pm CST,recieved Monday 7/2/2013 1:00pm EST.Paid $129 for shipping,so 1 buissness day to ship.A bit high but it was only 1 workday,not including weekend of course.

I just got lucky firefop,had I kept all 4 jallies,I would have been mining 3 weeks ago Roll Eyes

Best of luck bro Wink

Thanks K9

I'm not the happiest camper with BFL,more later.After I come down from my ASIC high Cheesy

7/2/13? Nice!

batt01

sr. member

Activity: 279

Merit: 250

Quote from: Kiders on July 01, 2013, 11:49:16 PM

maybe posting some info about when did you order. did you promise bfl to post pictures etc ?

Somethint in the words, I got it one year and five days after ordering, leads me to believe that he
ordered in the few remaining days of June 2012. Roll Eyes

philips

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Quote from: TheSwede75 on July 02, 2013, 07:48:53 AM

Now I just want my single 30 forum contest prize !!

What was the title of your winning entry?

TheSwede75

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Quote from: Unacceptable on July 02, 2013, 04:49:14 AM

Quote from: HellDiverUK on July 02, 2013, 04:04:08 AM

Nice stuff. Hope my Jally doesn't take a year to arrive.

Then again, I'm not exactly worried about ROI - I wasted enough electricity doing RC5 cracking for 10 years, at least mining BTC gives me some money back.

I did Folding at home with my bro & some of our friends,we kept trying for the lead spot....came close once Cool

Yeah the rewards make it worthwhile,plus its something "geeky" Cheesy

Good luck gettin your jally Wink

Now I just want my single 30 forum contest prize !!

Topic: BFL 30GH delivered - page 2. (Read 4576 times)