Topic: BFL Trade-Up Program - I have seen the light ! (Read 5550 times)
My fellow farmers and workers, we all should agree that companies like BFL should be doing all their R&D and labor out of the goodness of their hearts, rather than making any profit. Such is the will of the dialectic, comrades!
Can i pay AND ship my singles once the sc's are ready?
So wait....
I can't just trade in either my 50 Singles for a new ASIC Mini-Rig ? or my 2 current Mini-Rigs for a brand new ASIC Mini-Rig ? ...WITHOUT any additional money ?
WTF ? Where's the 100% ! ? ! ?
I can't just trade in either my 50 Singles for a new ASIC Mini-Rig ? or my 2 current Mini-Rigs for a brand new ASIC Mini-Rig ? ...WITHOUT any additional money ?
WTF ? Where's the 100% ! ? ! ?
The 100% is once you meet the policy's terms. Yes you have to purchase more to upgrade but on the traded in singles or whathaveyou, you get 100% of the value of that unit. I am glad for this clarification and that has now cleared up the last piece I needed to finish my Offering Statement for our IPO. Regardless of my opinion which many of you have read, this is the reality and either you move forward or not. I am moving forward and going to try this technology out from BFL. I hope they have read through many of these debates and realize the influence they have and make it a level playing field for us even though they have the advantage on hardware. Some idea on if they are going to stagger initial orders so let us have a smooth roll-out and ramp up, would be really helpful to all the miners out there. Thanks
Dalkore
Yeah I am not overly concerned just yet. Just concerned that I had the opportunity to get more cash, but I didn't because I didn't know that I would need the extra to upgrade.
So now I am off to try and find some spare change in the cushions so I can just order the ASIC outright when it hits their site.
So now I am off to try and find some spare change in the cushions so I can just order the ASIC outright when it hits their site.
I am somewhat concerned by this since I have a large order of singles that still have not been shipped to me. Basically it means in order to stay competitive the investment I had secured needed to be 50% larger then what I got. My order is not scheduled to arrive until late July or early August and that is only 2-3 months from when the ASIC product would come out.
With all things staying even that is like $100 a month per single without any kind of power costs taken into account. So while I guess you would maybe pay off half of the single if you did nothing but sell the coins to pay yourself back, you would still be $300 per single short of replacing them with the ASIC product.
Of course that is also if they ship in October, the price and difficulty stay the same, and there is a reasonable turn around time from when you order and turn off the singles and ship them to BFL before you get your replacement hardware. It would be pretty horrible if you order, and then turn off the singles/mini rigs you have to only wait 2 months or more to get the new ASIC.
I think if you could secure your order with a credit card they would ship you the entire shipment of ASIC products and once you get them you could send back the singles/rigs for a refund to the card. Maybe I missed it but it seems this trade in policy seems more clunky then it should be.
With all things staying even that is like $100 a month per single without any kind of power costs taken into account. So while I guess you would maybe pay off half of the single if you did nothing but sell the coins to pay yourself back, you would still be $300 per single short of replacing them with the ASIC product.
Of course that is also if they ship in October, the price and difficulty stay the same, and there is a reasonable turn around time from when you order and turn off the singles and ship them to BFL before you get your replacement hardware. It would be pretty horrible if you order, and then turn off the singles/mini rigs you have to only wait 2 months or more to get the new ASIC.
I think if you could secure your order with a credit card they would ship you the entire shipment of ASIC products and once you get them you could send back the singles/rigs for a refund to the card. Maybe I missed it but it seems this trade in policy seems more clunky then it should be.
Personally I wouldn't be too worried. Most likely they will ship ASICs much later than October, and you can use your singles until they are ready to ship your ASIC order (at least that's what they have said). And if you don't have the $ to exchange all your singles, you shouldn't have any trouble selling some of your singles to raise cash. The singles should hold their value since they are good for a $599 credit toward the purchase of ASIC equipment.
I am somewhat concerned by this since I have a large order of singles that still have not been shipped to me. Basically it means in order to stay competitive the investment I had secured needed to be 50% larger then what I got. My order is not scheduled to arrive until late July or early August and that is only 2-3 months from when the ASIC product would come out.
With all things staying even that is like $100 a month per single without any kind of power costs taken into account. So while I guess you would maybe pay off half of the single if you did nothing but sell the coins to pay yourself back, you would still be $300 per single short of replacing them with the ASIC product.
Of course that is also if they ship in October, the price and difficulty stay the same, and there is a reasonable turn around time from when you order and turn off the singles and ship them to BFL before you get your replacement hardware. It would be pretty horrible if you order, and then turn off the singles/mini rigs you have to only wait 2 months or more to get the new ASIC.
I think if you could secure your order with a credit card they would ship you the entire shipment of ASIC products and once you get them you could send back the singles/rigs for a refund to the card. Maybe I missed it but it seems this trade in policy seems more clunky then it should be.
With all things staying even that is like $100 a month per single without any kind of power costs taken into account. So while I guess you would maybe pay off half of the single if you did nothing but sell the coins to pay yourself back, you would still be $300 per single short of replacing them with the ASIC product.
Of course that is also if they ship in October, the price and difficulty stay the same, and there is a reasonable turn around time from when you order and turn off the singles and ship them to BFL before you get your replacement hardware. It would be pretty horrible if you order, and then turn off the singles/mini rigs you have to only wait 2 months or more to get the new ASIC.
I think if you could secure your order with a credit card they would ship you the entire shipment of ASIC products and once you get them you could send back the singles/rigs for a refund to the card. Maybe I missed it but it seems this trade in policy seems more clunky then it should be.
Bloody hell Bitlane, get on that ignore list already you gigantic douche.
Thanks guys....I am honored.
I would like to thank:
1) My medication.
2) The Voices in my head and forces of good and evil at constant battle for control of my soul.
...and last but not least...
3) Butterfly Labs, for being such TWATS....
...Thank you.
bitlane.
Internet Detective
I would like to thank:
1) My medication.
2) The Voices in my head and forces of good and evil at constant battle for control of my soul.
...and last but not least...
3) Butterfly Labs, for being such TWATS....
...Thank you.
bitlane.
Internet Detective
SWEET!!!! 
LMFAO
EPIC!!!
the A-TEAM was my all time favorite show when I was a kid
Ummm, have we actually considered getting in contact with the A-Team? They might be able to provide some leverage.
Kyle, I have a special task for you. Suck my c***!
Bitlane was right and that was pretty damn impressive. I say he has earned that internet detective batch.
Bitlane was right and that was pretty damn impressive. I say he has earned that internet detective batch.
whats a detective BATCH!?!?
lol, for bitlane's sake, I hope it's a batch o' bitcoins.
Kyle, I have a special task for you. Suck my c***!
Bitlane was right and that was pretty damn impressive. I say he has earned that internet detective batch.
Bitlane was right and that was pretty damn impressive. I say he has earned that internet detective batch.
whats a detective BATCH!?!?
Kyle, I have a special task for you. Suck my c***!
Bitlane was right and that was pretty damn impressive. I say he has earned that internet detective batch.
Bitlane was right and that was pretty damn impressive. I say he has earned that internet detective batch.
whats a detective BATCH!?!?
Kyle, I have a special task for you. Suck my c***!
Bitlane was right and that was pretty damn impressive. I say he has earned that internet detective batch.
Bitlane was right and that was pretty damn impressive. I say he has earned that internet detective batch.
AND THERE WE HAVE IT.....
Sweet, are you going to stop raising cain now? The past few days, half of the posts have been you bitching endlessly. You can trade a regular Single in towards the purchase of an SC Single, but you can't trade in two regular singles to get an SC Single. I know people would rather do that, but it's not a working business model.
Tell me that I was right and I will run away and die a happy man.....
I'd never give your bitching ass the satisfaction
Another win by BFL.
They could have completely screwed their customers and not offer any trade in so value of single with ASIC coming = maybe $10.
Now this basically ensures the value of the single is at least $300 which is excellent for some who are half way through paying off the unit and want to sell right now and stop gambling.
Is your calculator broken?They could have completely screwed their customers and not offer any trade in so value of single with ASIC coming = maybe $10.
Now this basically ensures the value of the single is at least $300 which is excellent for some who are half way through paying off the unit and want to sell right now and stop gambling.
Since the trade in value is only 50% not 1:1 so 2 Singles cannot be swapped for a SC single but 1 single + 700 USD = one new SC single ?
Maybe my head is broken
The value of an old Single on the secondary market should continue to hover close to it's $599 purchase price minus shipping and any convenience costs of exchange with whoever wants to buy it in preparation to pick up his SC. When we receive it towards the purchase of an SC, it will be accepted at it's full $599 value.
This. It will be like selling giftcards......people are willing to pay close to the value, but demand a discount to facilitate the exchange.
The old hardware might even fetch a small premium over retail for a while, since you can mine on the old hardware until the new hardware is ready to ship. But of course as difficulty rises this benefit will diminish.
very interesting take.....I could completely see that happening.
Another win by BFL.
They could have completely screwed their customers and not offer any trade in so value of single with ASIC coming = maybe $10.
Now this basically ensures the value of the single is at least $300 which is excellent for some who are half way through paying off the unit and want to sell right now and stop gambling.
Is your calculator broken?They could have completely screwed their customers and not offer any trade in so value of single with ASIC coming = maybe $10.
Now this basically ensures the value of the single is at least $300 which is excellent for some who are half way through paying off the unit and want to sell right now and stop gambling.
Since the trade in value is only 50% not 1:1 so 2 Singles cannot be swapped for a SC single but 1 single + 700 USD = one new SC single ?
Maybe my head is broken
The value of an old Single on the secondary market should continue to hover close to it's $599 purchase price minus shipping and any convenience costs of exchange with whoever wants to buy it in preparation to pick up his SC. When we receive it towards the purchase of an SC, it will be accepted at it's full $599 value.
This. It will be like selling giftcards......people are willing to pay close to the value, but demand a discount to facilitate the exchange.
The old hardware might even fetch a small premium over retail for a while, since you can mine on the old hardware until the new hardware is ready to ship. But of course as difficulty rises this benefit will diminish.
LMFAO
EPIC!!!
the A-TEAM was my all time favorite show when I was a kid
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