Topic: BitForce SC - Pre order delay (Read 9544 times)

Also worth pointing out for anyone interested in participating tomorrow, orders will be taken only via Bit-Pay initially.  This is a special promotion with Bit-Pay to promote their BTC merchant account service and may give existing miners a bit of an upper hand in first wave delivery.  (alternate payment methods will be added within a few days).

Regards,
BFL

TL;DR, "bitcoiners" wanting non-bitcoin payment options.
Oh the irony.

I've placed a large order to be paid by bank wire several days ago.  Email sent by BFL states that I will be contacted with bank wire information within 1 business day.
That was 4 days ago.  Has anyone else attempted to place an order with bank wire?

Only accepting BTC and wire transfer is weird.  This has yet to be answered.  Why are they not accepting Dwolla and Paypal anymore?

Only accepting BTC and wire transfer is weird.  This has yet to be answered.  Why are they not accepting Dwolla and Paypal anymore?

As many have said, I think the BTC-only payment option is unfair. While I definitely understand the reasoning behind it, it means that people (myself included) are going to be waiting around for funds to clear before being able to order any product. If I could order with PayPal using credit card I could order immediately and be done with it. But to open pre-orders in BTC only with only one day notice (and a weekend at that) means that only die-hard BTC fanatics from day one (or people who are so rich they can have 4-5 figures in BTC at all times) are going to be able to order these items. I think while BFL intentions are good this is going to completely go the opposite way and have the opposite of what they intended occur.

Right now, unless this changes, I'm considering not even bothering ordering anything. If I have to wait 3-5 days to move my funds so that I can buy the product so many pre-orders may have already been placed by the "bitcoin millionaires" that I may not even make any profit at all. I strongly believe that this needs to be reconsidered by BFL and them at least allow a credit card option via PayPal on the same day that the bit-pay option hits. I already have thousands of dollars tied up in Singles that are late and it's quite ridiculous for me to be punished as a loyal, paying customer who wants to buy even more. I have the money available and would be able to pay the credit card in full within a couple of weeks easily but I just don't have the money this instant.

I would bet that very few of us in the mining community have so much BTC available to buy these units, and the few that do have so much sitting around that they could buy out 6 months of production if they wished.  If there's even a perception that the mining network is going to be dominated by a few ASIC supermining operations, the average bitcoin miner is not going to want to take the risk to buy any ASICs when they may never break even. Please reconsider this situation for the sake of your current loyal customers who don't have money in their account at this very moment because they've already spent it all on the soon to be obsolete Singles (which is me and many others voicing their concerns in this thread).

The message posted from Jody indicates anyone that paid with BTC cannot cancel their order.  You've got hardware.  You can sell it in 3 months for $599, but can earn coins on it right now.  The people waiting on old orders can also sell in 3 months for $599, but they don't have the luxury of mining on it.  So if they sell, they've essentially been out of their money for 3-6 months and have nothing to show for it.

I don't see this advantage, 'you' have the option of completely withdrawing your order, 'we' MUST pay more or lose the initial investment. Remembering that the profitability of this additional investment is by no means assured. Lucky? 

Of course, we did the only thing we could, give them more of our money and hope to land far enough towards the front of the order queue to make anything back.

Its a shit sandwich for (nearly) everyone.

I don't see this advantage, 'you' have the option of completely withdrawing your order, 'we' MUST pay more or lose the initial investment. Remembering that the profitability of this additional investment is by no means assured. Lucky? 

At least with you holding BFL kit, you're getting to generate with it.  Not all of us are that lucky.

While I sympathize, how is yours different to the situation those of us holding BFL kit find ourselves in? We parted with our money well before you, for products that now may not pay for themselves.

Of course, we did the only thing we could, give them more of our money and hope to land far enough towards the front of the order queue to make anything back.

Its a shit sandwich for (nearly) everyone.

Most seem to agree that people who already have money tied up in orders, should not be forced to the end of the line. We can't even get a hold of Butterfly to get our money back and place a order. I bought 4 just because they announced they were letting us trade them in at 100% value. Which turned out to be only part of the story. Basically who ever paid them first should receive their units first. The longer they hold our money the more it costs us.