Topic: BPMC Launch BF1 USB miner - probably the fastest USB miner in the World - page 10. (Read 42058 times)

I would gladly buy the things at the right price. We are talking about something for a financial investment, not a new TV, price is critical.

Uh... because this is the fucking Internet...

Now that's the spirit!  Congratulate on achievement, express disappointment at price, wish well and bow out and wait for better opportunities.  Why can't everyone be so thoughtful?

I expected to be disappointed by the price, but it's larger than normal. On the other hand, my disappointment is not directed at them, obviously they need to make money from this, and as much as we would all like this well under 1 BTC, they aren't doing this for charity. They have every right to make an immediate ROI, as we all wish we could do.

Love the product, I think the people behind it are decent, but I have to bow out on the price. Good luck and happy mining!

That is silly.  I could get 3-4 people here in the U.S. @ $8/hr each and they could probably box at least 50 per hour each.  8 hour day = 1600 orders for only $512
You can't tell me that the labor cost in Indonesia is more than here. I'm guessing you could get 10x the labor for the same price.

Well said.  I completely agree.

Forums tend to bring out the worst in people.

I understand that and everyone is entitled to say what they want, this was a hyped product, am I disappointed about the price sure.  This community is a great one that speaks their minds that of a primarily very intelligent group of individuals.  For those that come and post their arguments with supporting thoughts and facts that is great and I fully support that.  There is a smaller subset of individuals that I notice that just come and bitch and complain,  This is the internet so their will always be trolls feedback is great for EVERYONE and every company, but the comments I don't think help anyone are the ones like YOU SUCK!

IF I made a comment stating I am disappointed your hyped product was released at what I feel is too high of a price for me to justify buying it because...........(insert justification for opinion here)

I'm not asking everyone to do that nor do I expect that,  I was just stating that some people just come and complain because they can is all with no foundation to their complaints or if they had foundation they didn't state it and it just looks like they are pissed off posting on an internet forum!  

And the Blades use about 10 times the electricity that the Bitfury chips use.

Which is all fine and dandy.. however, this product was sort of "hyped" to a very "blunt" community and with that don't be surprised when said community provides comments and feedback on it - positive AND negative..

I just sat and ready EVERY page and EVERY comment on this thread.  It appears a WHOLE lot of individuals did not.

BPMC stated their price, their requirements, and were up front with everything asked of them.

Will this product ROI at 2.1 BTC?  Probably not, Will a BE ROI at .15 BTC?  Probably not.  ROI is a concern to most miners, but not the argument here in my mind, but execution and as of the post stating they are ready to ship they have executed.

They have taken an idea to market in a very short time.  To do so has it's costs and they have READY TO SHIP PROOF that their COOP can execute.  Many may not like the price, but at the end of the day they did something MANY other companies have not even been able to do is bring a product to market that is ready to ship when they say it is without preorders.  The product from a USB perspective is a far superior product to anything currently readily available on the market so comparing it to a BE which is what is being done is only partially fair.

I own a handful of BEs.  I paid around $150 each for my first 3, I paid $50 for my 4th, and my next 7 will be here tomorrow for around $130 combined.  Will those ever ROI I doubt it and understand that fact.  Everyone buying BEs today should realize that even with free power, shipping, and a cost of .1 BTC or under there is a slim chance if any to break even if you had the device in hand tomorrow.  I am excited to see more products come to market and continue to support Bitcoin and the community as a whole.  I can't afford to purchase these now, but I don't understand everyone hating on an organization so much?  If you don't want to buy at this price don't it's really simple to understand.  They already said they will mine with them if they don't sell, great that helps us all keeping a distributed secure network that will continue to grow.

If you want to throw some math into the observation VERY QUICK NUMBERS:
1 BF1 - 2.1 BTC shipped each (minimum order does not matter as this could be group purchased etc.)  This uses 1 port in a USB hub at 2.5 GHash
8 BEs - around 1.27 BTC shipped at around .15 each, requirement of 8 ports at around .031 BTC cost per port (Dlink 7 port/6 useable at $26ish each) or an additional cost of .25 BTC total: 1.52 BTC

Is the electricity cost and port density on your hub worth the additional .5-.6 BTC?  That's for you to decide, but it has it's benefits and in the grand scheme of taking everything into consideration of setup and configuration 1 USB is easier to operate, setup, and maintain than 8.  Overall it is a better product at a higher price tag for the FIRST RUN of the product.  We can only assume the price will come down as the component cost comes down, but as we all know the Bitcoin game is a rat race with ever increasing difficulty recently that is difficult for the average person mining to stay ahead of.  I mine and participate because I fully support the idea and really enjoy Bitcoin and the people for the most part they are in general very helpful.  I do take into consideration ROI in hopes that I don't completely throw all my money away, but at the end of the day I enjoy it and will continue to participate as much as I can.  I know many are in the same boat, but there are different levels.

Those that are in it JUST to make money
Those that are in it to SUPPORT and secure the network
Those that are in it to SUPPORT it as a currency
Those that are in it to make a quick buck
Those that are just curious and want to see what it is about
Those that are combinations of all or some of the above

Recap, price announced, reasons given and defended with alternative to not selling.  I may not like the price, but I'm not going to bash a group that appears to be doing good things for the community and is actually able to deliver products to us that is superior to anything comparable on the market today.

/end rant

Someone has to buy some...I mean, people are buying ASICS that will never profit. It's funny to see people buy tons of asicminer USBs thinking that just because they have more than 1 it changes the ROI  .

2.1 btc? you are crazy

Maybe on that one design, but then you get better cheaper chips and move on. Yes the companies need to make profit, but so do customers. They are selling a product that is meant to make a profit. If that never happens they won't have customers for long.

I think this is the best idea. The cost of the chips is a sunk cost. Maximize your revenue asap. If you mine with them for a few months, you might generate .5 BTC. Sell them immediately for 1 BTC and you'll generate far more revenue. Then buy the new chips at the new lower price and you'll have a profitable product.

The problem with asics is in a few months they'll be worthless.  So you have to make back your money now or it's never.

Well in a bushiness you have to spend money to make money. If selling the first (small) batch at a loss enabled them to sell more later for a profit, then that would be taking the long term view.

ya rly Blades 10 to 12 GH for 4BTC

Only in the asic world do businesses plan on making their investment back so quickly. In the real world if your business is making money in 2 or 3 years you're doing good. This seems to be accepted in this industry, this has always fascinated me.

lol! The Block Erupter runs .33 Gh/s and now costs .15BTC (considering the max in a GB- AND most importantly people are lining up for those suckers). 8*0.33=2.64GH/s @ 8*0.15=1.2BTC  
And you price these 2.1BTC! And that too at a minimum order of 5. At 10.5BTC I could buy 2 Blades for 8-8.5BTC and 15 Block Erupters. That'll give me more than 25GH/s, plus ASICminer has got local resellers=cheap shipping.

Well I'm glad the miners look great, shame about the pricing. I can completely understand not being able to purchase a large reel at those higher prices, just to save $30. I also get where you guys are coming from about competition. I'm very hopeful your next batch will be significantly cheaper so I can still get a few to play with. I really enjoy seeing a variety of hardware. Hopefully you can mine with them and make back some BTC to get the next run going! I'm also looking forward to your USB hub plans. That could be quite cool to own even without mining.




This guy speaks some serious truth. The hyping is what really brought the anger out in people. If you had let it be known they were prototypes with prototype pricing, nobody would have had the expectations they did. I know I was really excited about it, until I saw the price. I am still excited that they will be cheaper in the future. I've ordered a good bit from Barntech, so I don't mind waiting for your miners.

The part about presetting a price for future usb miners is a great idea. If you could offer something like this, I would be much more interested in jumping on your buy. It really depends on if you could make some sort of deal that was really appealing. While I understand your first run pricing, I think there are a few things you can do to make these miners much more palatable.