BPMC Launch BF1 USB miner - probably the fastest USB miner in the World - page 12.

Bicknellski

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Quote from: Meizirkki on September 12, 2013, 08:40:27 AM

Quote from: Bicknellski on September 12, 2013, 08:14:39 AM

Quote from: Meizirkki on September 12, 2013, 08:12:35 AM

Quote from: Bicknellski on September 12, 2013, 07:28:13 AM

Good we paid $130 per chip... and? You want to say what? We are lying? I think there are about 11 people in the COOP can verify what we paid per chip.

I feel truly sorry for you for making such a stupid move. Those immediately available samples are for development purposes.

I don't think putting up 130$ a chip is stupid when we bought the chip and the timeline we projected to have something mining. We like most people in this game probably miscalculated that aspect but oh well there is always cheaper chips and another opportunity with the same working product... not too stupid I think. Psst this is a development run sorta right?

There's no way USB miners can compete with large rigs, and in that sense (IMHO) it's totally ok for a USB miner to be (little) more expensive than it's projected ROI. USB miners are kind of "novelty things" that are nice to have even if they are never to break even. That's part of the reason erupters sell so well.

2.1BTC is, however, a very large price tag for any kind of USB stick. Too much for a hobby miner and probably too much for most collectors. Both whom you already scared away with the 5pcs minimum order. If you just waited another month, had more reasonable pricing and sold individually, these hobbyists and collectors would likely be buying. I'd even buy one too, Bitfury is after all the first full custom ASIC, and the most efficient design to exist to this date.

That's why I feel sorry for you. You have a great idea and the skills to do it, but but.. I really can't afford to support you.

Fair enough...sorry for being defensive. I appreciate the candor and the advice. Thank-you.

Meizirkki

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Quote from: Bicknellski on September 12, 2013, 08:14:39 AM

Quote from: Meizirkki on September 12, 2013, 08:12:35 AM

Quote from: Bicknellski on September 12, 2013, 07:28:13 AM

Good we paid $130 per chip... and? You want to say what? We are lying? I think there are about 11 people in the COOP can verify what we paid per chip.

I feel truly sorry for you for making such a stupid move. Those immediately available samples are for development purposes.

I don't think putting up 130$ a chip is stupid when we bought the chip and the timeline we projected to have something mining. We like most people in this game probably miscalculated that aspect but oh well there is always cheaper chips and another opportunity with the same working product... not too stupid I think. Psst this is a development run sorta right?

There's no way USB miners can compete with large rigs, and in that sense (IMHO) it's totally ok for a USB miner to be (little) more expensive than it's projected ROI. USB miners are kind of "novelty things" that are nice to have even if they are never to break even. That's part of the reason erupters sell so well.

2.1BTC is, however, a very large price tag for any kind of USB stick. Too much for a hobby miner and probably too much for most collectors. Both whom you already scared away with the 5pcs minimum order. If you just waited another month, had more reasonable pricing and sold individually, these hobbyists and collectors would likely be buying. I'd even buy one too, Bitfury is after all the first full custom ASIC, and the most efficient design to exist to this date.

That's why I feel sorry for you. You have a great idea and the skills to do it, but.. I really can't afford to support you.

integrity42

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Quote from: Bicknellski on September 12, 2013, 08:28:28 AM

I don't think you can FIX a miscalculation after the fact...but if you have that time machine as part of your free consulting services please throw that in as well.

Yes that was sarcasm I am sorry.

Haha.

Well, I'm not trying to be a jerk -- sorry if I came off that way. It's been frustrating to see fiasco after fiasco in the ASIC mining game, so I sort of don't have much patience anymore...

I just think you should seriously consider dropping the price. Even if you don't make anything, you can have 1000 happy customers who will become brand loyal. You guys are certainly not stupid. You executed in 6 weeks. Very impressive. Just fix up the sales side and you will have a successful mining business. Sell this batch at a loss if you have to, the customer loyalty will make up for it.

Bicknellski

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I don't think you can FIX a miscalculation after the fact...but if you have that time machine as part of your free consulting services please throw that in as well.

Yes that was sarcasm I am sorry.

Prices posted.
Payment method posted.

Feel free to buy or not.

Peace.

https://bitcointalksearch.org/topic/m.3129979 (CHECK FOR UPDATES HERE THE POT SWEETENS A BIT)

Quote

For my units, Minimum order is 5 pieces,
Price is 2.1 BTC each incl Free International Express Shipping, I will also throw in a cpl of these USB memory sticks with each order (some are 4 and some are 8GB).

integrity42

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Quote from: Bicknellski on September 12, 2013, 07:28:13 AM

We like most people in this game probably miscalculated that aspect but oh well there is always cheaper chips and another opportunity with the same working product.... Psst this is a development run sorta right?

You can fix that miscalculation... Sell all your inventory right now at 1BTC. You'll have cash-in-hand again to manufacture the next run.

Time value of money is important as well. If you mine with all the hardware it will take months to generate income. You can sell it all now at 1BTC and have capital again to fund the next run.

Also, if I were you guys, I'd give BitFury a earful on pricing... tell them they need to make it a no-brainer for contract manufacturers if they want to sell chips, or you won't buy in the future. They have a lot to lose as well. 28nm have high NRE costs. Use leverage on your next batch to get better pricing. Tell them that the forums are blowing up with pissed off buyers who can't ROI. etc...

PS.
If you want some free consulting services PM me.

Bicknellski

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Quote from: Meizirkki on September 12, 2013, 08:12:35 AM

Quote from: Bicknellski on September 12, 2013, 07:28:13 AM

Good we paid $130 per chip... and? You want to say what? We are lying? I think there are about 11 people in the COOP can verify what we paid per chip.

I feel truly sorry for you for making such a stupid move. Those immediately available samples are for development purposes.

I don't think putting up 130$ a chip is stupid when we bought the chip and the timeline we projected to have something mining. We like most people in this game probably miscalculated that aspect but oh well there is always cheaper chips and another opportunity with the same working product... not too stupid I think. Psst this is a development run sorta right?

Also remember we had the money set aside for a 11,000 K1 Nano USB miner run and pulled the plug on it so we were keen as COOP to have something hashing. You know what I am pretty proud of the guys that pulled this off actually Kev, Turt, Ti, Andre, and some other helpers worldwide to get it hashing at 2.5+. We went from thought to shipping units in what 6 weeks? Pretty impressive work from the COOP there.

bitcoiner49er

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Quote from: wndrbr3d on September 12, 2013, 08:05:17 AM

Quote from: crazy_rabbit on September 12, 2013, 02:31:55 AM

The thing that always gets me about people complaining about the price of ASIC's is this: How much would you sell your machine that prints money for? That's essentially the question. You sell it for more money then it prints.Thats the answer (essentially, minus consideration for electricity costs and other stuff).

This is why I feel ASICMiner did it right in that they just held onto the hardware themselves and once they printed off a boatload of money for profit, they sold the hardware once it's ROI dropped.

I wouldn't expect a single ASIC company to sell a ASIC miner at a price that isn't equal (or worse) than ROI, because what investor would put their money behind that? "We COULD make more money, but we're going to sell the hardware and make less instead?"

Well then, no point in visiting this sub-forum any more then. Roll Eyes

Although I agree to a point, seems like ASIC's are too tempting for most people to handle dependably.

Meizirkki

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Quote from: Bicknellski on September 12, 2013, 07:28:13 AM

Good we paid $130 per chip... and? You want to say what? We are lying? I think there are about 11 people in the COOP can verify what we paid per chip.

I feel truly sorry for you for making such a stupid move. Those immediately available samples are for development purposes.

wndrbr3d

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Activity: 914

Merit: 500

Quote from: crazy_rabbit on September 12, 2013, 02:31:55 AM

The thing that always gets me about people complaining about the price of ASIC's is this: How much would you sell your machine that prints money for? That's essentially the question. You sell it for more money then it prints.Thats the answer (essentially, minus consideration for electricity costs and other stuff).

This is why I feel ASICMiner did it right in that they just held onto the hardware themselves and once they printed off a boatload of money for profit, they sold the hardware once it's ROI dropped.

I wouldn't expect a single ASIC company to sell a ASIC miner at a price that isn't equal (or worse) than ROI, because what investor would put their money behind that? "We COULD make more money, but we're going to sell the hardware and make less instead?"

viriat0

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Quote from: kano on September 12, 2013, 06:59:00 AM

Quote from: viriat0 on September 12, 2013, 06:26:12 AM

...
2 Blades = 7/8/9 BTC = 20 GH/S

Blades are over priced, the BTC cost (~8 BTC for 2 of them) is either above what you will return or just on par with it.
i.e. you give away BTC then MAYBE get it back many months later ... i.e. over priced

Compared only Price / hashrate.

Bicknellski

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Quote from: elasticband on September 12, 2013, 07:56:36 AM

Quote from: Bicknellski on September 12, 2013, 07:49:51 AM

Quote from: elasticband on September 12, 2013, 07:48:11 AM

what hubs are they running on? where can they be purchased?

No Kev said he is not selling those hubs. We hope to have our own hub out in October but really we want to focus on these units and clear these sales and move on to the next phase.

Okay, let me rephrase. If someone wanted to buy say 100 or these USB's, what kind of USB hub requirments are going to be needed?

They were bought in China I don't know even if they are branded... so Kev would have to give you the skinny on them if he wants. Send him a PM maybe?

GodHatesFigs

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Quote from: lajz99 on September 12, 2013, 01:30:10 AM

Unwatch / disable notifications

elasticband

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Nighty Night Don't Let The Trolls Bite Nom Nom Nom

Quote from: Bicknellski on September 12, 2013, 07:49:51 AM

Quote from: elasticband on September 12, 2013, 07:48:11 AM

what hubs are they running on? where can they be purchased?

No Kev said he is not selling those hubs. We hope to have our own hub out in October but really we want to focus on these units and clear these sales and move on to the next phase.

Okay, let me rephrase. If someone wanted to buy say 100 or these USB's, what kind of USB hub requirments are going to be needed?

dave111223

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Quote from: elasticband on September 12, 2013, 07:48:11 AM

what hubs are they running on? where can they be purchased?

If you are looking for hubs I have a couple of 20 port Sipolar hubs for sale (tested and working with 20 BEs)

Bicknellski

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Quote from: monsters4r on September 12, 2013, 07:48:56 AM

Quote from: Bicknellski on September 12, 2013, 07:28:13 AM

we are not under any financial difficulty so we have no need to lower the price

And we don't need to buy it Roll Eyes

Have a good mining

Agreed. You have a good morning (mining?) as well. Grin

Bicknellski

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Quote from: elasticband on September 12, 2013, 07:48:11 AM

what hubs are they running on? where can they be purchased?

No Kev said he is not selling those hubs. We hope to have our own hub out in October but really we want to focus on these units and clear these sales and move on to the next phase.

monsters4r

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Quote from: Bicknellski on September 12, 2013, 07:28:13 AM

we are not under any financial difficulty so we have no need to lower the price

And we don't need to buy it Roll Eyes

Have a good mining

elasticband

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Nighty Night Don't Let The Trolls Bite Nom Nom Nom

what hubs are they running on? where can they be purchased?

Bicknellski

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It be a good platform to test things on and get your hubs ready etc for a larger buy I can see that as well Sitarow.

If we could only magically make the chips we bought cost less and the time we put in be reduced by half.

Beastlymac

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Miner Setup And Reviews. WASP Rep.

Quote from: integrity42 on September 12, 2013, 07:39:20 AM

Quote from: Bicknellski on September 12, 2013, 07:28:13 AM

Good we paid $130 per chip... and? You want to say what? We are lying? I think there are about 11 people in the COOP can verify what we paid per chip.

Better plug them all in ASAP and mine with them as fast as you can. You should also consider lowering the price to 1BTC now , because you will be stuck with useless hardware that will never ROI in a few months and then they'll be worth 0.1BTC...... get rid of this useless inventory asap.

No, if we can't sell them we will mine with them. Been said already we are not under any financial difficulty so we have no need to lower the price if we don't break even we don't sell.

Topic: BPMC Launch BF1 USB miner - probably the fastest USB miner in the World - page 12. (Read 42057 times)