Just got a response from Jody. You have to put up 50% of the cost, the other 50% can be trade in.
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I understand how you are confused. This whole thing has not been explained in detail. If it were a straight trade of old equipment for new our business would fold in a week. Here's how it works: if you buy $599 worth of BFL product--say 4 Jalapenos, you are eligible to send in a Single to exchange for 4 more Jalapenos. You must buy something to be eligible to trade something of equal value. And you don't have to send in your old equipment when you pay for the new--you send it in when you are notified that your ASIC equipment is ready to ship. Does this make sense to you?
Jody
Jody
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.
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.
