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For sure, Avalon and ASiCminers offerings are wayy overpriced and have room to manoeuvre. Fried cat is driven by greed and not by giving a mutually reciprocal deal to purchases of ASICminer products. BitSyncom are beginning to show elements of greed, this is yet to be proven undeniably, although the current evidence is concerning. KnC have had to cover NRE which they now have done, they can't drop prices yet though as they have paying customers that need to ROI. ...
For sure, Avalon and ASiCminers offerings are wayy overpriced and have room to manoeuvre. Fried cat is driven by greed and not by giving a mutually reciprocal deal to purchases of ASICminer products. BitSyncom are beginning to show elements of greed, this is yet to be proven undeniably, although the current evidence is concerning. KnC have had to cover NRE which they now have done, they can't drop prices yet though as they have paying customers that need to ROI. ...
For what it's worth, I take issue with the suggestion that AM is somehow motivated by greed more so than any other mining hardware company. AM is one of the few companies with hardware on the shelf that can be purchased, right now. If you compare that to all of the other vendors, do you imagine that the prices for AM hardware should be similar to other vendors? I think not, since mining hardware ROI is nearly entirely reliant on time of delivery.
Prices are dictated by what the market will bear and given the amount of reselling that I see on eBay, ASICMiner could charge even more for their products. I'd suggest we keep the subjective assumptions about greed to ourselves and just discuss whether or not we feel a particular product is worth the price people are willing to pay.
I don't think that KnC is doing business for the betterment of mankind - I presume it's to turn a healthy profit and why not? I'm more interested in honesty and execution than motivation, for any company that's looking for my investment. So far, AM and KnC seem to be fairly similar in that regard.
Canth, KnC are running a business like professionals, of course they want to turn a profit, but they are serious about looking after their customers and the a bitcoin ecosystem, of which without they have no business. Sam is very keen on bettering Bitcoin and Bitcoins acceptance, as this works hand in hand with KnC and KnC offers a platform to do this, hence 'the life on Bitcoin' film. Without this Bitcoin will struggle to appreciate in value. As I said they have a lot of cool ideas beyond Jupiter which given everybody, especially their customers a great deal, and it's not all directly mining related.
What is ASICminer doing for bitcoins value? currently they are dumping Bitcoins into the exchange, flooding the market and suppressing the BTC value.
Back on point KnC have taken pre-orders, they have future predicted a sensible price point that allow NRE to be covered, whilst allowing customers to maximise returns in an uncertain environment competietively. They have purposely structured this to be fair to their customers. That price point becoming less attractive is out of their hands, they are making minimal profit on this first revision. Only when ASiCs are made after the first round, can they start to make some cash, and at that point can be more flexible with future equipment and pricing. This is done with the specific intention to be fair, give all parties a great deal, return ROI for the company and the consumer and build a loyal customer base.
ASICminer are in a privileged position, which they are wantonly abusing, setting the price with equipment in hand and no NRE to cover whilst predicting future hashrate competitiveness and hedging against it by giving their consumers a bum deal where they will never see a return and all future monies earned are given to ASICminer straight away. Only 'slashing' prices by enough to continue charging the consumer a price they knowingly will never recover.
Free market, eBay sales are uniformed buyers making dumb choices. I'm a capitalist, and I know some very, very wealthy guys that put ASICminer in the shade and will do for a very, very long time. They own obscene property portfolios and some are involved in disruptive finance ventures. They always, always ensure everyone involved in a deal compensated proportionately and fairly, why? Because you will burn your connections and customers and repeat business very quickly if you leave an unhappy aftertaste. A deal is a deal only of all parties are content and rewarded fairly. You get to make that mistake once.
ASIC miners shares started around 0.84BTC, their perceived value is currently around 3.5BTC. It is perceived by those willing to purchase ownership. ASICminers value is still around 0.84 BTC as that is all they're owed for themselves to spend. The 4x increase on resale has been well received by the original investors. New ones won't see that. At a dividend payout of 0.025BTC on average every two weeks, it would take 5.4 years to ROi on ASICminer shares currently.
0.025 BTC x 26 periods = 0.65 BTC a year.
3.5 BTC per share / 0.65 BTC dividends a year = 5.4 years ROI.
A blade and a USB stick will never ROI. ASICminer have purposely put their customers in that position. They own 25% of the Bitcoin network and as you can see with the current BTC price they are able to manipulate the market. They are too dominant and act without integrity, already having achieved centralisation and are abusing their power. They are one of the biggest current threats to Bitcoin.
All anyone has done is create a current monopoly, with only a hopeful oligopoly as a positive outcome. Fried Cat has risen to extreme wealth with no money down and rewards his initial investors marginally and screws over anyone else that succeeds on the basis the original investors have been happy with their investment. Now all he has to do is claim further wealth for himself give marginal dividends that don't amount to much and offer no value to anyone else. You take issue with the suggestion that this is greed?!!
