Topic: BFL Trade-Up Program - I have seen the light ! - page 2. (Read 5554 times)

All sarcasm aside, BFL have made many current customer's dreams....a NIGHTMARE.


AND THERE WE HAVE IT.....

So, what this means is, all of you mini-rig owners and multiple mini-rig owners, be prepared to pay an additional $15,000 for each upgrade unless you want your 25 GH rig to become a door stop once ASICs fully penetrate the market and leave you in the dust.

I am now done. Argue, fight...fuck, I really don't care, because I LOST NOTHING....
(and am laughing , as you can't see my face, so you will have to take my word for it)


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First off, I want to apologize to everyone who pointed out and said I was wrong, in regards to my previous SPECULATION(S)....
I HAVE SEEN THE LIGHT and it all makes sense now.


SO..Get your BFL Orders in SOON ! ....while there is still product to be shipped. http://www.butterflylabs.com/products/
With BFL's 100% Trade-up Value Program, you have nothing to lose, but only gain.
http://www.butterflylabs.com/bitforce-sc-faq/

For those wondering, "What will I be able to do with my current BFL hardware ?", here it is.... just a few examples:

- Trade 1 old BFL Single for 4 new Jalapenos ($600 vs $600, 850 MH vs. 9 10.5 GH !)
- Trade 2 old BFL Singles in for 1 new ASIC Single and pay only $100 difference ! ($1,200 vs. $1,300, 1.7 GH vs 40 GH !)
- Trade 11 old BFL Singles in for 5 new ASIC Singles + 1 Jalapeno AND Pay only $50 difference ($6,600 vs. $6,650, 9.4 GH vs. 203.5 GH !)
- Trade 50 Old BFL Singles for 1 new ASIC Mini-Rig ($30,000 vs $30,000, 43 GH vs. 1TH !)
- Trade 2 old BFL Mini Rigs for 1 new ASIC Mini-Rig ($30,000 vs $30,000, 50 GH vs. 1TH !)

...but what am I telling people something they can figure out for themselves. You all know what the deal is, right ?
The TRADE possibilities would be ENDLESS ! - With little or NO MONEY involved !
Show your support for the company that strives to support YOU ! YOU HAVE NOTHING TO LOSE.

I personally can't wait for this Trade-Up program to commense...
IT WILL BE LIKE Christmas when it does (and I mean the FEELING, NOT the time of year).

Cheers,
bitlane.


PS> I am not affiliated with Butterfly Labs in any way. I am just providing this info, because I CARE.


For anyone who missed the day's events, please understand that this post is 7,000% PURE SARCASM
...(yes, Seven Thousand Percent)

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.

I don't know if I believe this post since on the BFL press release it says very clearly ---

"Because our first and second generation equipment is expected to be outpaced very quickly by the new hardware, customers who have purchased earlier generation products will be able to trade them in at 100% of their value toward the purchase of SC-generation hardware."

It would be nice if BFL would come here and explain this in their own words rather than hear it from a 3rd party.

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.

I never said you were wrong, I was just poking all your OCD buttons yesterday.

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

Tell me that I was right and I will run away and die a happy man.....

Sweet, are you going to stop raising cain now? The past few days, half of the posts have been you bitching endlessly.

AND THERE WE HAVE IT.....

Is your calculator broken?

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.  

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.

This is what we imagined in creating the trade in program.  The intent is to ensure anyone who has invested in our hardware is able to get their money back should they decide to upgrade or not.

With regards to the overall question of the trade in policy terms, Jody's response via email inquiry was correct.  We will have the full terms posted imminently, but the breakdown is simple.  You can trade 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.  

This will cause a very interesting second market to develop for singles.  Many big hitters will assign a certain price they are willing to pay for singles simply for the trade-in credit.  It will certainly be a discount, but not a massive one.  They will be treated as units of barter, and no longer as mining devices......should be fascinating to watch!  

do we really need enrich a company to build this thing ?

You don't get rich by digging for gold, you get rich by selling shovels to fools who dig for gold.

You could be correct but I think I will wait from a response from BFL Engineer or until they update their site w/ the relevant info unless someone can point me to the thread where Jody has stated this. Even then I don't think I'll believe it until BFL gives an actual response to this trade in program allegation. I don't really care anyway, the trade in program won't affect me at all.

The two quotes are perfectly consistent. Under the 50% trade-in plan, you would be able to exchange earlier generation products at 100% of their value. But in order to do this you have to buy some new hardware too. So, if you buy four of the cup-warmers for $600, this gives you the option to get four more by trading in a single. By exchanging four cup-warmers for a single, you are exchanging the single at 100% of its value. So there is no reason to question the first quote in light of the second.  

The two quotes are perfectly consistent. Under the 50% trade-in plan, you would be able to exchange earlier generation products at 100% of their value. But in order to do this you have to buy some new hardware too. So, if you buy four of the cup-warmers for $600, this gives you the option to get four more by trading in a single. By exchanging four cup-warmers for a single, you are exchanging the single at 100% of its value. So there is no reason to question the first quote in light of the second.