Topic: BPMC Launch BF1 USB miner - probably the fastest USB miner in the World - page 11. (Read 42060 times)

Read the stuff in between.

These are first run prototypes.

My gosh
After watching the video, I was seriously, literally, right in the middle of calling my buddy on skype and saying "Hey dude look at this!, we could buy these!" and as it was loading i decided to flip over to the ending page where i saw a few displeased comments, I went to find out why, and the reason is that 5pc minimum, And a 2.1btc price tag.

You cant make a better deal? Nobody will buy these at that rate and the reasons are simple, If anyone had $1400, They wouldnt be buying a USB Stick miner, let alone FIVE of them, anyone would simply order a Much better deal from a differant competitor.

We cant buy ONE, wich is what Majority of USB Stick hashing unit buyers can afford, and the price for one of them is too high in itself.

Im not even intrested anymore.

Unwatch and IMO delete topic for disk space.

sigh....i had high hopes for this one. unwatch.

DUH really?

wow 2.1btc?! for 2.5GH?....um....
Can get 11GH for 4btc....

That's not the offer here.

My guess is that at BTC2.1 each they are just breaking even on their costs.

It's sort of like the pharmaceutical industry, when you develop a new medication, the first pill costs 1 billion dollars and the second one is 8 cents.

Same here. They had to buy chips at a very expensive price, they did a short run of boards, which means they were probably 10 bucks each and then they had to be assembled.  Circuit design, components, etc it all adds up.

Clearly you can't charge BTC90 for the first one and BTC0.75 for the next one, the cost has to be spread across all of them.

These folks are not flush in cash to where they can have long term vision and plan to build thousands of them and spread the cost across future sales, they have to spread it across what they have in hand. There are no lost leaders, you have to at least break even.


There is no long term vision in Bitcoins, and that is because Bitcoins change daily.

+2

The reason is that everyone is waiting for a reasonably priced piece of hardware that is ready to ship.  Pricing out of the ballpark for anyone who is reasonable leads to anger because everyone wants to get into the game but doesn't want to get ripped off in the process.  What people said a little ways up is true, you could easily unload every last piece at a price reasonable to market price of BTC as well as ROI expectations.  Selling these at an absurd premium means you'll have less chance of selling them later and can only rely on what mining profit they will provide.

People are angry because at every turn there are opportunities for people to sell hardware for a fair price, however everyone in the BTC hardware sales side of things seems to value their own greed over anything else.  And there is a sucker born every minute, so people will buy with no chance of making their money back.  May as well ask people to send me $100 and I'll send you back $80 once the funds clear, that's about the offer here, except you get hardware alongside it.

Well,

you could lower the prices of the in hand devices if you made sure ppl pay orders of not yet produced ones, and mixed the calculation with the not yet existing ones.
Like 10 PPL putting BTC into excrow, you could be sure its there, and order 30k bitfury chips.

I dont know what additional costs you have, but i think the chips take 2 weeks, maybe production also if the assembly company is not busy ?

I think there could be a real run if you say its .65 btc delivery in 4 weeks. oh nvm the shitstorm if something fails there

yes I guess the only thing I would have done differently is not hype it.

If you knew the price was to be over $100 a GH just say that you offering to sell prototypes at close to cost and for me,
the best way to get rid of these is a deal where I buy them at this price and in October I get a special price on an equal amount at a much better price.


For example, I'd buy 5 @ BTC2.1 each today and you commit to producing more in October and sell me 5 more at BTC0.25 each.

i was prepare to pay up to 1.2 btc with shipping included for one of these , but 2.1 btc and a minimum of 5 no thank you . Maybe next time ! 

I say well done to Big Picture Mining Cooperative for producing this product in the timescale they did. I am quite comfortable with the idea of letting BPMC mine rather than sell. Now they have shown it is possible, I look forward to seeing a second run at (hopefully) a lower price. I don't expect an extreme ROI but a price closer to break even (for us) would be easier to contemplate.

Alas, this thread also shows how easily disappointment can turn to anger.

Great looking devices and nice video. Love the fans/hubs! You could make more from selling them than mining by yourself im sure. people will be prepared to buy them for a slight loss - but not a massive loss like it would be at current pricing.

5 for 2.1 btc total would be a more fair price tbh

I don't think ANYTHING you did was stupid.

I also agree with your position that if someone wants them great, otherwise we mine with them.

Once the chip price comes down, you are positioned to instantly leverage that - I say well done.

The problem with ROI currently is a matter of BTC market price not rising fast enough to offset the hashpower rise. It has nothing at all to do with what it costs right this minute to build ASIC mining hardware. The price is what it is to make these, what is everyone complaining about? Instead of bitching about things that are beyond the teams control maybe adjust your expectations a bit. You guys do realize there are real world costs in production right? The fab doesn't care if their price hurts your mining or not.

 I see a few that were hoping for some really cheap USB miner capable of a fast break-even, which is unrealistic to begin with, and calling BPMC a bunch of scammers for not delivering this which is not fair. If you pay any attention at all to the mining world you know profitable mining is barely possible without investing $1000s up front into full Bitfury racks or something of similar density for the best bang for the buck.

It would take 8 ASICMiner Erupter USBs to equal one of these, or about BTC1.65 to get around 2.5 Gh/s out of them. But then you also need 8 USB slots so your hub cost is much higher if your running a lot of them. I don't think the price is that outlandish at BTC2.1 for the vastly increased density per USB slot, and this is only because the price per chip is high.

Hopefully future chip prices will be lower, but otherwise I say well done on these.

sad, really was looking forward to buying some, but this is about twice as much as I would be willing to pay. Looks like I'll have to wait another week or two.

No, no need to apologize or thank me. All I did was lay my hindsight on you.

Great idea and maybe if you had them in hand 3 months ago then 2.1BTC would pass the smell test.

Yes please keep them all and mine your hearts content.