Topic: BitForce SC - full custom ASIC - page 21. (Read 52478 times)

with BFL's track record probably a year from now =p just think of it this way the last time it took what like 9 months or more(I don't remember) to get their first units out.... and they just had to design and test the pcb/software this time they have to design and test the actual ASIC, pcb and software

Lol @ those of who who browse the forums without troll detectors and are all 

4-6 weeks.

The published or the actual? Far different things, at least if BFL's record holds true.

Anybody know the estimated shipping date?  

Dibs!

I don't think you meant what that sounded like, you might want to change it.

And you used all caps, italics give the same emphasis while being much less garish.


And that is why this is absolutely essential! The software may be closed, but the hardware will be released to the public, which is the far more important part. This, while not as good for the network is OpenASIC, is much better than the potential alternative - someone privately manufacturing ASICs and controlling a larger-than-healthy percentage of the network. That I certainly would rather avoid.


Business != Evil, Good for Business != Bad for Bitcoin, and For-Profit != Bad. Businesses supported by Bitcoin are extremely unlikely to kill it.


I fully support OpenASIC, but that doesn't mean BFL/for-profit outfits is/are evil and will take over the network, world, etcetera.

More importantly, and I cannot emphasize this enough, this is far better than the alternative of someone creating a private ASIC Bitcoin-doomsday machine.


You too! Enjoy sleeping while we take over the network with ASICs!

was thinkin the same thing...

I hope you didn't misinterpret that as me planning to work (italics incoming) against the network. I'm going to throw all the hashes I get a hold of towards the good of the network, always.

Just another reason not to mine at Deeppit. Nothing against deepbit's owner, but I personally think the top three pools should be split up, through whatever means. They simply have too much possible influence on the development of Bitcoin.

Ahh, maybe I should spend more than two seconds reading things like that

Mortgaging or remortgaging your house is a very different thing than a reverse mortgage.

btw:

yes I am messing with you (it is late for me been working since 6am)but I just have to point out that your explanation also supports the abuse of the Bitcoin network by ASICs

that is the primary lesson I am trying to express here that I want anyone and everyone who reads this thread to take away with them.


At the point we are with Bitcoin, with the emergence of ASIC based Bitcoin miners there is a HUGE opportunity available for those who are able and willing to ABUSE the Bitcoin network, and reap incredible profits doing so.

This is a warning from one friend to another and if you take nothing else from my post tonight take this:

We need a true "OpenASIC" type solution in order for ASIC based miners to be a healthy addition to the network and BFL is not the company to offer it.

They are a for-profit Business and to expect them to be anything but that is insanity.



If you really want to see ASIC be a part of the future of the Bitcoin network go invest in that solution, dont buy miners from any for-profit outfit such as BFL - because something like OpenASIC is really the only chance for this to work and be truly beneficial to the Bitcoin network and anyone who does not understand that does not understand the power and (ill use italics this time) the THREAT that ASIC based miners have the potential to pose.

You guys are the best, have a great night .



-Tom

If I had a house I wouldn't do that, reverse mortgages are, bluntly, idiotic, unless you absolutely need the money. I sincerely hope you're using unhumourous sarcasm.

I was simply stating that their ASIC line will be successful, partly because of my plans for utilizing it

Easy enough I think. They are not refunding you money, but giving you credit towards purchasing their newer models. They will have a much higher profit margin on the ASIC systems. And it is good business to keep past customers by not pissing them off right after selling them products so soon outdated. And the chips in the sinles and mini systems are high end chips that can be sold or used.

you explained it all with one vague sentance that means nothing and you used ITALICS!

You should go to the bank tomarrow, mortage your house and invest in BFL ASICs.


next...

They will probably be the first selling Bitcoin specific ASICs, which means their profit margin is whatever they want it to be, within reason, of course. They will easily regain lost revenue with this campaign.

This is not the case. They're offering trade-in credit, not actual money. Think of it as similar to the difference between a gift card and cash.

There are many ways in which this could be viable. As rjk pointed out, BFL could use the singles for another purpose. They could resell them on another market. They could resell them to Bitcoin miners at a discount. They could even just mine with them.

Also consider the upsides of this scheme. Single purchasers who won't be getting theirs for another month or two would otherwise be furious. Mini rig purchasers certainly would. Most importantly, this will drive ASIC sales. More likely than not BFL will have a high profit margin on the ASIC, enough that even with a trade-in of one or two Singles per ASIC the sale would still be profitable.

My best guess is because since the Singles are reprogrammable, they plan to use them all over again in some unrelated application. Even if the chips are kind of ancient, they are high performance.