Let us consider what might happen.
I invest 2499 dollars into BFL. The best investment i COULD put it in would promise me increases of 10% if i tie it down for at least 5 years (buying a windmill rig).
Lets say I buy it and it comes really late. Fuck, the hash rate in the network has gone to 320TH/s. my god, it sucks.
Now, lets say we take it that we have 40 million as a result of the quadrupling in hash rate. After twelve months, considering that per year, the investment looses 60% of its value in profitability...
That would be 11k dollars in the first year on this. That is a 400% ROI within twelve months. At todays price AFTER the crash.
So no one is damned. The only worst case scenario is BFL being bankrupt. Anything else, I want to answer with "Bitches, please, get back to the real world."
Topic: BFL buyers - Damned if you do, Damned if you don't? - page 2. (Read 2442 times)
Avalon users (and other ASIC deployments) have already captured the ASIC first mover advantage. The bitcoin network hash rate has already quadrupled from the pre-ASIC strength (~20TH to ~80TH). Further shipments of ASICs will increase the network hash rate, but they are unlikely to quadruple it over the course of a couple of months.
If you are already a miner then there are really only two scenarios to consider:
Scenario A: BFL can't deliver in bulk. Then they will not affect the hash rate which means you do not have to have more ASICs to keep earning returns. Therefore you do not need to order from BFL.
Scenario B: BFL can deliver in bulk. Then you can wait until they do and then order from them. They are able to keep up to marketplace demand. The lack of a "second move advantage" means you will not miss out on the "early hasher gets the easy difficulty" time period. You might miss out on 2 weeks of +25% returns as the hash rate goes from 80TH to 100TH.
So, no rush. No dams.
If you are already a miner then there are really only two scenarios to consider:
Scenario A: BFL can't deliver in bulk. Then they will not affect the hash rate which means you do not have to have more ASICs to keep earning returns. Therefore you do not need to order from BFL.
Scenario B: BFL can deliver in bulk. Then you can wait until they do and then order from them. They are able to keep up to marketplace demand. The lack of a "second move advantage" means you will not miss out on the "early hasher gets the easy difficulty" time period. You might miss out on 2 weeks of +25% returns as the hash rate goes from 80TH to 100TH.
So, no rush. No dams.
Waiting? You act like its waiting in a line... It should have physically taken you no longer than 20mins to place your order and cancel it.
Geez, talk about first world problems....
Geez, talk about first world problems....
How about those people that paid (like I did) and let BFL sit on thousands of dollars of their hard earned money for months. I'm sure they will have no hard feelings about paying for a product that should have (and was promised) many months ago and now have an option of 'canceling' as you suggest.
You can gloss over the 'problem' all you want and belittle it but that doesn't make it go away.
AFAIK you were just sent a mail where they clearly states that you can cansel your order, and they have been refounding others before, so why did they deny you? I'm gonna read that book.
To me it is just keeping up with the curve. If you want to maintain a reasonable return for mining you have to have the hashing power or be left behind. So it was a non-plus to me that I had to order from someone and BFL looks like they aren't too far behind delivering soon which is why I have placed an order.
The point is that BFL buyers are not "damned if they do, damned if they dont". They are free to keep their purchase and take the risk or cancel their purchase and dump the risk. This is the case for any investment, speculative or otherwise.
Agreed. I am a customer, and I do not feel damned.Well, I suppose that means you feel don'ted ? I sure as heck do
As in... I don't have my 60GH/s Single SC's yet.
But ... Refund isnt more Possible !
Hey with BTC USD price dropping like its (NOT) hot, prob going to be a lot of people with tough decisions to make soon.
The point is that BFL buyers are not "damned if they do, damned if they dont". They are free to keep their purchase and take the risk or cancel their purchase and dump the risk. This is the case for any investment, speculative or otherwise.
Agreed. I am a customer, and I do not feel damned. 
The point is that BFL buyers are not "damned if they do, damned if they dont". They are free to keep their purchase and take the risk or cancel their purchase and dump the risk. This is the case for any investment, speculative or otherwise.
With interest rates so low I dont think you missed out on much. Also, you were free to cancel your order and dispute the charge whenever you like.
Looks like a non-issue to me. If you thought there was no risk of loss going in then you were a fool.
Looks like a non-issue to me. If you thought there was no risk of loss going in then you were a fool.
I think you are missing the point entirely but I will agree to disagree.
With interest rates so low I dont think you missed out on much. Also, you were free to cancel your order and dispute the charge whenever you like.
Looks like a non-issue to me. If you thought there was no risk of loss going in then you were a fool.
Looks like a non-issue to me. If you thought there was no risk of loss going in then you were a fool.
Waiting? You act like its waiting in a line... It should have physically taken you no longer than 20mins to place your order and cancel it.
Geez, talk about first world problems....
Geez, talk about first world problems....
How about those people that paid (like I did) and let BFL sit on thousands of dollars of their hard earned money for months. I'm sure they will have no hard feelings about paying for a product that should have (and was promised) many months ago and now have an option of 'canceling' as you suggest.
You can gloss over the 'problem' all you want and belittle it but that doesn't make it go away.
Waiting? You act like its waiting in a line... It should have physically taken you no longer than 20mins to place your order and cancel it.
Geez, talk about first world problems....
Geez, talk about first world problems....
Not really, they can just cancel their order and go on with life. Nobody is forcing them to do anything. Of course its risky....
For sure this is an option (and the option I took myself, I cancelled a couple months ago). Just sucks that you did all that waiting just to cancel.
Not really, they can just cancel their order and go on with life. Nobody is forcing them to do anything. Of course its risky....
I've been thinking about this conundrum for a while now... here's my thoughts.
For those of you who have been patiently waiting for BFL to actually start shipping in anything that would resemble 'decent' numbers I feel bad for you. Because you are stuck in a pretty tight situation.
1. If you wait for your unit, it could still be a while -- and once you get it, the network difficulty is going to shoot up something fierce. So, you may be thinking... I want to unload my unit before that happens.
2. If you unload our unit before you get it, its still a pre-order and as such is going to get a pre-order price and everyone is skeptical about BFL right now... thus the price isn't going to be high.
3. If you wait until you receive the unit, the market will be flooded with units in hand that others are selling which will hammer down the price. If you decide not to sell it, your in situation #1 -- the difficulty making 5 GH/S or 60 GH/S not mine like what was expected.
Tough spot man
For those of you who have been patiently waiting for BFL to actually start shipping in anything that would resemble 'decent' numbers I feel bad for you. Because you are stuck in a pretty tight situation.
1. If you wait for your unit, it could still be a while -- and once you get it, the network difficulty is going to shoot up something fierce. So, you may be thinking... I want to unload my unit before that happens.
2. If you unload our unit before you get it, its still a pre-order and as such is going to get a pre-order price and everyone is skeptical about BFL right now... thus the price isn't going to be high.
3. If you wait until you receive the unit, the market will be flooded with units in hand that others are selling which will hammer down the price. If you decide not to sell it, your in situation #1 -- the difficulty making 5 GH/S or 60 GH/S not mine like what was expected.
Tough spot man
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