The problem is, Josh, that while you and your BFL colleagues may know the reality of the situation, those of us who have bank rolled your company do not, because you just won`t tell us. You expect us to be content with riddles and pie in the sky shipping estimates.
Whilst at the same time, taking what seems like a hoiler than thou I know more than you do attitude towards us.
How do you expect to be seen as a respected company when you treat your customers with such disdain?
Topic: BFL current state of affairs - page 7. (Read 8201 times)
Much like I told Flying Hellfish, once you become an adult, you will realize that reality (and the rest of the world) does not care about you. Reality is what it is, you can accept it or deny it, but it will still be reality. Nothing needs to be proven, no work needs to be shown. You either accept reality or you deny it, the choice is up to you. Reality doesn't care about you and what you believe, and just like I told Mr. Hellfish, neither do I.
This man has a firm grasp on reality.
We should listen to him. He knows what he is talking about.
Reality?! I'm not happy with this, but I can accept that my BFL Single SC will never reach break even. What I absolutely cannot accept is, that I paid an express upgrade, the product is shiped with USPS and I did not get a refund of the upgrade price - is this your reality? Is your reality to defraud customers?!
Who's deploying then? The network hashrate seems to be going up in lockstep with the amount of hashrate we are shipping out, give or take a slight deviation.
It's like High School, show your work (math) or you get no credit.
Much like I told Flying Hellfish, once you become an adult, you will realize that reality (and the rest of the world) does not care about you. Reality is what it is, you can accept it or deny it, but it will still be reality. Nothing needs to be proven, no work needs to be shown. You either accept reality or you deny it, the choice is up to you. Reality doesn't care about you and what you believe, and just like I told Mr. Hellfish, neither do I.
Who's deploying then? The network hashrate seems to be going up in lockstep with the amount of hashrate we are shipping out, give or take a slight deviation.
It's like High School, show your work (math) or you get no credit.
But honestly, whatever is in the backlog will never make ROI. It is a write-off folks. BFL had their window of opportunity but it has long since closed. Wonder if they are going to come out with Gen2 plans (and perhaps upgrade orders that have been in the queue for over 6 months) or just close up shop.
Someone doesn't understand how bitcoin mining works...
Someone doesn't understand how supply chain and fulfillment works otherwise you would not have predicted the end of September to clear 421 days of backlog in the remaining 33 working days (you don't work on weekends right) that you have between now and the end of September.
Here you are again making open ended statements without the next sentence.
Josh reminds me of Joseph Goebels after year 1943 :-)
LOL I am Soooooooooooooooooooo glad I got away from this Train Wreck of a company. And got my Refunds(All of them too). What a bunch of goofballs thinking they can tell me I cant get a Refund.. I just feel sorry for all the other Noobs over there that don’t know how to stand up for themselves..
The network hashrate seems to be going up in lockstep with the amount of hashrate we are shipping out, give or take a slight deviation.
Care to back up such a claim with any sort of proof?
*mumbles something about delusions of grandeur*
The network hashrate seems to be going up in lockstep with the amount of hashrate we are shipping out, give or take a slight deviation.
Care to back up such a claim with any sort of proof?
Agreed.
The entire eco system depends on people buying things with bitcoin, and the main reason I am mining is to re invest my BTC in business that do just that.
The main barrier is popular opinion. My mum (who I told about my mining idea) didn't want to be involved because she was worried that it could be used for illegal purposes. just type it into google and most of what you see will be bitcoin fraud this or illegal use that.
Until that perception changes, we are fighting a losing battle.
I am trying to spread the good word, that bitcoin prices in relation to fiat are reasonably stable and therefore are a good investment.
The entire eco system depends on people buying things with bitcoin, and the main reason I am mining is to re invest my BTC in business that do just that.
The main barrier is popular opinion. My mum (who I told about my mining idea) didn't want to be involved because she was worried that it could be used for illegal purposes. just type it into google and most of what you see will be bitcoin fraud this or illegal use that.
Until that perception changes, we are fighting a losing battle.
I am trying to spread the good word, that bitcoin prices in relation to fiat are reasonably stable and therefore are a good investment.
Well, most "miners" are not miners but hashing power sellers. There are only a few miners: Pool operators, P2Pool miners and solo miners. The rest has nothing to do with bitcoin mining - they have no vote.
You understand what I mean though.
Well, most "miners" are not miners but hashing power sellers. There are only a few miners: Pool operators, P2Pool miners and solo miners. The rest has nothing to do with bitcoin mining - they have no vote.
Not true. ASICs are the future and we just have to deal with that. Once 28nm and lower chips come along (and they will) GH/s will start to increase wildly to account for the high difficulty. Not only that but remember these are essentially still first gen devices, once the basic designs are down, improvements will be made in time.
Read the forums and check the pre-order statistics. Only a small fragment of the ordered Gen1 ASICs is already delivered. Take into account that ASICMINER and maybe others work hard to keep their share when the large amount of outstanding orders is delivered. A bitcoin ASIC generation with 22-28nm is far away and the performance gain from 65nm-110nm to 22-28nm is too small compared to the CPU->GPU->FPGA->ASIC transitions. If you don't pay for your ASICs and you have minimal/zero operating costs you might be fine - all others better buy BTC instead of ASICs.
I think I might be one of the few people who didnt pay anything for asics (BFL, avalon and KNC) and get free power. My ROI is off the charts, however I do sympathise with other asic customers where ROI is of the utmost importance.
On another note, I believe that most miners (and the mining industry) will be the potential death of bitcoin. Too many people only mining for profit and at the same time don't give a shit about the bitcoin industry. Remember, without general public interest and growth we are doomed. If you see a chance to educate and possibly implement bitcoin as a payment system or alternative to fiat then at least try.
Not true. ASICs are the future and we just have to deal with that. Once 28nm and lower chips come along (and they will) GH/s will start to increase wildly to account for the high difficulty. Not only that but remember these are essentially still first gen devices, once the basic designs are down, improvements will be made in time.
Read the forums and check the pre-order statistics. Only a small fragment of the ordered Gen1 ASICs is already delivered. Take into account that ASICMINER and maybe others work hard to keep their share when the large amount of outstanding orders is delivered. A bitcoin ASIC generation with 22-28nm is far away and the performance gain from 65nm-110nm to 22-28nm is too small compared to the CPU->GPU->FPGA->ASIC transitions. If you don't pay for your ASICs and you have minimal/zero operating costs you might be fine - all others better buy BTC instead of ASICs.
Yes, BFL basically is. Who else is shipping any sort of volume with regards to hashrate?
Not Avalon... they are just trickling out hashrate. ASICminer was having issues and delays last I heard. Who else?
Not Avalon... they are just trickling out hashrate. ASICminer was having issues and delays last I heard. Who else?
BFL Shipping in volume, LOL nice one Josh
How's the backorder queue going, still on track to get it cleared by
Someone doesn't understand how bitcoin mining works...
...
You miss the point.
There is no "window of opportunity." Closed or open... hashrate is hashrate, no matter when it ships.
Actually, it is important when it ships.
Some of the first customers that ordered BFL asics hoped to receive them
while block reward would sill be at 50 BTC. Now it's 25, and it's not gonna stay 25 forever either,
alghough it's quite likely that at the time of the next halving all currently used asics will be not worth the electricity they consume.
Not true. ASICs are the future and we just have to deal with that. Once 28nm and lower chips come along (and they will) GH/s will start to increase wildly to account for the high difficulty. Not only that but remember these are essentially still first gen devices, once the basic designs are down, improvements will be made in time.
ASICs just serve to make it more difficult for the hobbyist miner to achieve a return.
ASICs just serve to make it more difficult for the hobbyist miner to achieve a return.
If this guy paid his rigs with BTC he will never see ROI. The opportunity window for ASICs is now history.
So I did some math. According to bfl.ptz.ro and the BFL blog:
Jalapeno: 3575 ordered, 788 shipped, 2787 remaining, 22.04% fulfilled.
Little single: 1230 ordered, 87 shipped, 1143 shipped, 7.07% fulfilled.
Single: 2678 ordered, 233 shipped, 2445 remaining, 8.70% fulfilled.
Mini rig: 185 ordered, 25 shipped (to Josh), 160 remaining, 13.51% fulfilled.
Plugging in their current value to weight the total fulfilment, I come to 10.99% of the order book shipped out. This most likely excludes a much more significant amount of non declared miners at the tail end of the order queue, since the general public is less likely to have known about the website.
Discuss.
Jalapeno: 3575 ordered, 788 shipped, 2787 remaining, 22.04% fulfilled.
Little single: 1230 ordered, 87 shipped, 1143 shipped, 7.07% fulfilled.
Single: 2678 ordered, 233 shipped, 2445 remaining, 8.70% fulfilled.
Mini rig: 185 ordered, 25 shipped (to Josh), 160 remaining, 13.51% fulfilled.
Plugging in their current value to weight the total fulfilment, I come to 10.99% of the order book shipped out. This most likely excludes a much more significant amount of non declared miners at the tail end of the order queue, since the general public is less likely to have known about the website.
Discuss.
If that's correct, that is about 58TH. But the network has exploded hundreds of TH over the past months. Surely, those are not GPU miners.
If those are true numbers, and if BFL is the only significant shipper of asic hardware, then whose the entity using asic hardware to mine with while most people wait painfully for BFL hardware?
I'm also curious about the above claim that Josh received 25 mini-rigs. I know a guy that ordered a mini-rig in the first week or pre-orders and is still waiting for 2/3rds of his order. Wow, after more than a year of waiting. Such treatment of other people's money seems criminal.
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