To get more money from people.
They figured out that selling chips takes no effort on their part except shipping and reaping.
Or, /donsconspiracyhat, to keep them out of bankruptcy^_~
Topic: BFL Chip Credits? Why? (Read 1412 times)
Really its a smart plan on their side. If they are able to... get bigger orders and get charged less. Makes profits for them go up on units sold and also a bonus on sales of chips. And even with coupon I'm willing to bet they are getting a big mark up on selling the chips.
I'll buy your credits: https://bitcointalksearch.org/topic/im-buying-your-bfl-chip-credits-for-usd-235859
Am I mistaken in the understanding that the coupon(s) are to sweeten the deal (an add-on to the earlier offer) of early pre-order customer being offered the chance to convert their early pre-orders to chip deliveries?
Yes you are. The discount coupons are a freebie for early pre-order customers. They can apply them towards buying chips if they want some, or sell them to other people to use to get discounted chips. Has nothing to do with converting an existing order into something else.
I don't think this is for a conversion.
I think their chip sales have been underwhelming so they are trying to kickstart the buying process.
By the look of the forum threads, it looks like there is a healthy trade going on now for the vouchers which will likely turn into sales of chips.
I think their chip sales have been underwhelming so they are trying to kickstart the buying process.
By the look of the forum threads, it looks like there is a healthy trade going on now for the vouchers which will likely turn into sales of chips.
Are BFL customers being offered a greater discount for a conversion of their pre-order?
Are BFL customers also offered a 25$ discount when they do convert their pre-order to a 'bag o' chips'?
Are BFL customers also offered a 25$ discount when they do convert their pre-order to a 'bag o' chips'?
PuertoLibre -
Maybe my reading skills are getting poor... but did the coupon say that this was as a replacement for functional miners?
It seemed like the offer is a gravy add-on for the crazies... I mean fans... who have demonstrated commitment to the BFL product line.
This wouldn't allow them to shirk their existing liabilities... in fact it would only add to the product liability (i.e. a functional miner AND chips).
Am I mistaken in the understanding that the coupon(s) are to sweeten the deal (an add-on to the earlier offer) of early pre-order customer being offered the chance to convert their early pre-orders to chip deliveries?Maybe my reading skills are getting poor... but did the coupon say that this was as a replacement for functional miners?
It seemed like the offer is a gravy add-on for the crazies... I mean fans... who have demonstrated commitment to the BFL product line.
This wouldn't allow them to shirk their existing liabilities... in fact it would only add to the product liability (i.e. a functional miner AND chips).
If what you think is true, then there is no reason for BFL to give these perks for free.
Someone shine a light on it. I think our interpretation of this offer is out of whack.
PuertoLibre -
Maybe my reading skills are getting poor... but did the coupon say that this was as a replacement for functional miners?
It seemed like the offer is a gravy add-on for the crazies... I mean fans... who have demonstrated commitment to the BFL product line.
This wouldn't allow them to shirk their existing liabilities... in fact it would only add to the product liability (i.e. a functional miner AND chips).
Maybe my reading skills are getting poor... but did the coupon say that this was as a replacement for functional miners?
It seemed like the offer is a gravy add-on for the crazies... I mean fans... who have demonstrated commitment to the BFL product line.
This wouldn't allow them to shirk their existing liabilities... in fact it would only add to the product liability (i.e. a functional miner AND chips).
What is the purpose of these? Is it a promotional aid? e.g. they expected to sell at $50, so they price to $75, then give away effectively enough "coupons", such that their sale price is $50? Or, are they really giving something back to the early orders - is it possible to get a Cash Alternative? Or, say use 3 coupons, such to get a free chip?
[speculation]They gotta get rid of legal liability from non-delivery.
They also got to lower the bar in delivering thousands of 60Gh/s miners. Delivery of all those 60gh/s miners implies a huge cost at half the price. (1300USD vs 2500USD) It'll cost them a good chunk of change after all the screw up and extra bills they have incurred from redesign to redesign. Sending people 4 $ chips instead of their fully completed order saves them a ton of money.
They will turn a massive growing loss into a profit or at the very least a break even.
Parts and materials cost alot of money. They have the obligation to deliver these units at cost or above their cost.
So some scheming guy at BFL probably came up with the plan to simply lower the bar and cost of legal delivery of those units by asking customers if they want them converted to ASIC chips only. It is just chips! How cost effective is that?
Now short sighted dummies are trading in completed miners for a 'bag o' chips'.
Thereby taking the obligation of BFL to deliver 60gh/s miners to simply sending them an incomplete unit with promises that someone else will do it.
LMAO. BFL, you have an awesome way of doing things.
https://www.bitmit.net/en/item/39347-bfl-customer-appreciation-chip-vouchers-4
Buy it Now on Bitmit for:
http://fizzisist.com/priceimg/img/20.00
Price listed is dynamic with gox price in usd.
Buy it Now on Bitmit for:
http://fizzisist.com/priceimg/img/20.00
Price listed is dynamic with gox price in usd.
Will like this group buy
At $50, I would love to find someone willing to sell me their credits for $1 each. I would offer a group buy including shipping (N.America only) for <$60 each.
(if BFL would agree to 100% escrow like Kernel32's)
At $50, I would love to find someone willing to sell me their credits for $1 each. I would offer a group buy including shipping (N.America only) for <$60 each.
(if BFL would agree to 100% escrow like Kernel32's)
I think that BFL believed that their chips would have been a bit more popular.
It is a way to drum up sales, and in all likelihood be profitable as well.
At $97 each, there is no way I was interested.
At $75, still 'nope'.
At $50, I would love to find someone willing to sell me their credits for $1 each. I would offer a group buy including shipping (N.America only) for <$60 each.
(if BFL would agree to 100% escrow like Kernel32's)
Even the "D" rated chips with 12 engines would be profitable at that price point for some time to come, I would think.
* just did some maths... they would still ROI in a month at 65M difficulty
It is a way to drum up sales, and in all likelihood be profitable as well.
At $97 each, there is no way I was interested.
At $75, still 'nope'.
At $50, I would love to find someone willing to sell me their credits for $1 each. I would offer a group buy including shipping (N.America only) for <$60 each.
(if BFL would agree to 100% escrow like Kernel32's)
Even the "D" rated chips with 12 engines would be profitable at that price point for some time to come, I would think.
* just did some maths... they would still ROI in a month at 65M difficulty
What is the purpose of these? Is it a promotional aid? e.g. they expected to sell at $50, so they price to $75, then give away effectively enough "coupons", such that their sale price is $50? Or, are they really giving something back to the early orders - is it possible to get a Cash Alternative? Or, say use 3 coupons, such to get a free chip?
They tried to sell at $90 and couldn't. Then they tried to sell at $75. Then they added the coupon discount.
At $50, the economics are better but still pretty grim with 100 days of difficulty growth before the chips are delivered. Then a week or two for the boards to be populated and shipped.
I think you can only use 1 coupon per 1 chip.
What is the purpose of these? Is it a promotional aid? e.g. they expected to sell at $50, so they price to $75, then give away effectively enough "coupons", such that their sale price is $50? Or, are they really giving something back to the early orders - is it possible to get a Cash Alternative? Or, say use 3 coupons, such to get a free chip?
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