Butterfly Labs shipping 300 units a day - page 20.

YipYip

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Quote from: erk on July 17, 2013, 04:41:49 PM

Quote from: Monkey1 on July 17, 2013, 04:25:03 PM

What is really annoying for people like me is that I ordered 3 Jalepenos in the first couple of weeks. They should have arrived and paid for themselves by now, but I UPGRADED my order to the better mini single, which no one has yet seen!!.

I wish I could down grade my order again. Id be much better off.

If everyone had just ordered Jalepenos the entire BTC net would have been better off, greed for bigger and bigger rigs will kill the ROI for everyone. Avalon made a huge mistake launching a 60GH/s rig straight up, too much of a leap from FPGA. It started a trend which is already causing problems. They should have simply sold 10 x the number of 6GH/s rigs. for a much better balanced net, and they could have charged more per GH/s.

Many humans suffer from greed, ordering big rigs straight up is an obvious example of this, like dogs competing for a food bowl.

Everything you say is a fucking lie !!!

k9quaint

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Quote from: geofflosophy on July 17, 2013, 05:05:45 PM

His point is that they could have made more money, both by charging more per GH and by having more customers as a result of a slower increase in difficulty scaring less people off. I'm not sure I totally agree with this point, would it even occur to many of the people who ended up buying 60 GH rigs to buy 10 smaller ones had they not had the option? With that said, there is clearly a good business in selling smaller units to users while they are profitable then selling progressively larger units to the same customers as difficulty climbs.

Granted, their pricing has not been optimal. But, the rise in difficulty is not under Avalon's control. Avalon first priced their units as if BFL was going to deliver in "Two Weeks(TM)" and that turned out to be too cheap given BFL's delays. They then priced their 3rd batch a lot higher and now people are asking for refunds because they fear it won't mine enough BTC to recoup it's cost. This fear is driven by Avalon's delays, BFL & ASICMiner delivering, and Bitfury & KNCMiner making good progress.

Avalon needed to sell their first batch of chips, and that batch had a minimum size. I don't think it really matters if they put 20 chips in a box or 200 chips in a box other than it is easier to ship 300 boxes than it is to ship 3000. Given they were trying to sell a fixed number of chips, the demand exceeded the supply so people would buy 1 66GH/s or 11 6GH/s devices.

Also, it has since become clear that Avalon's core competency is in designing and producing chips, not devices.

geofflosophy

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His point is that they could have made more money, both by charging more per GH and by having more customers as a result of a slower increase in difficulty scaring less people off. I'm not sure I totally agree with this point, would it even occur to many of the people who ended up buying 60 GH rigs to buy 10 smaller ones had they not had the option? With that said, there is clearly a good business in selling smaller units to users while they are profitable then selling progressively larger units to the same customers as difficulty climbs.

Quote from: k9quaint on July 17, 2013, 04:48:49 PM

Quote from: erk on July 17, 2013, 04:41:49 PM

Avalon made a huge mistake launching a 60GH/s rig straight up, too much of a leap from FPGA.

From a business point of view, Avalon selling $10 million + worth of chips isn't a bad thing. All they have to do is package those suckers up and ship em. Easy profit.

k9quaint

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Quote from: erk on July 17, 2013, 04:41:49 PM

Avalon made a huge mistake launching a 60GH/s rig straight up, too much of a leap from FPGA.

From a business point of view, Avalon selling $10 million + worth of chips isn't a bad thing. All they have to do is package those suckers up and ship em. Easy profit.

erk

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Activity: 826

Merit: 500

Quote from: Monkey1 on July 17, 2013, 04:25:03 PM

What is really annoying for people like me is that I ordered 3 Jalepenos in the first couple of weeks. They should have arrived and paid for themselves by now, but I UPGRADED my order to the better mini single, which no one has yet seen!!.

I wish I could down grade my order again. Id be much better off.

If everyone had just ordered Jalepenos the entire BTC net would have been better off, greed for bigger and bigger rigs will kill the ROI for everyone. Avalon made a huge mistake launching a 60GH/s rig straight up, too much of a leap from FPGA. It started a trend which is already causing problems. They should have simply sold 10 x the number of 6GH/s rigs. for a much better balanced net, and they could have charged more per GH/s.

Many humans suffer from greed, ordering big rigs straight up is an obvious example of this, like dogs competing for a food bowl.

Monkey1

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Activity: 868

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What is really annoying for people like me is that I ordered 3 Jalepenos in the first couple of weeks. They should have arrived and paid for themselves by now, but I UPGRADED my order to the better mini single, which no one has yet seen!!.

I wish I could down grade my order again. Id be much better off.

BBQKorv

sr. member

Activity: 280

Merit: 250

Quote from: Bogart on July 17, 2013, 01:11:15 PM

Maybe they're counting each ASIC chip as a "unit", or maybe each pound of shipping weight counts as a "unit". Cheesy

Even so, 300 a day sounds high.

300 chips a day is more realistic than 300 devices. Poor Josh is never going to be out of lies (but soon he's out of money).

erk

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Quote from: nipsy on July 17, 2013, 03:34:06 PM

I was order number 10810 ordered on October 11, 2012 and just received my Jalapeno today. So they're definitely making progress on at least one front. It's been running for the last few hours in cgminer and averaging around 5.2Gh/s. Hopefully they'll start getting some of those bigger device orders out the door for folks soon.

Well it's good to see they are catching up on at least one of the devices, though they have shipped over a hundred Singles, and many MiniRigs, they are still only working on orders from June 23rd 2012, as there were so many orders on the first few days.

nipsy

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I was order number 10810 ordered on October 11, 2012 and just received my Jalapeno today. So they're definitely making progress on at least one front. It's been running for the last few hours in cgminer and averaging around 5.2Gh/s. Hopefully they'll start getting some of those bigger device orders out the door for folks soon.

Bogart

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Maybe they're counting each ASIC chip as a "unit", or maybe each pound of shipping weight counts as a "unit". Cheesy

Even so, 300 a day sounds high.

NR3000

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Every time when you buy any mining device, you will increase network difficulty. Then you buy more devices and then more again. You will never get you money back;] all you money gone in mining rig factories;] that's why they do not mining for they selfs;] No point have millions bitcoins if you cant sell for real money. And when they have many bitcoins, start selling mining rigs and bitcoins together. People start buying bitcoins for more mining rigs;] Sometimes I think friedcat has created bitcoins;D or asic factory;] they have millions real money, and what we have?;] just keep buying more and more devices.. sorry for me english, I hope you can understand what I mean;]

tempestb

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If that dude has a Minirig in his office, it's probably hot as hell in there.

geofflosophy

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Yea I was just being super conservative based on this one article, once you throw in other ASICs and larger orders it becomes even scarier.

Quote from: icyak on July 17, 2013, 09:02:48 AM

Quote from: geofflosophy on July 17, 2013, 08:33:35 AM

Hey All,

Just came across this article on CoinDesk, figured I'd share it: http://www.coindesk.com/inside-butterfly-labs-the-challenges-of-producing-bitcoin-mining-hardware/

They claim to be shipping 300 units a day; the fact that very very few of you have been receiving yours makes that possibility a little scary... They're shipping orders in the order in which they were received, but even if they were only shipping 5 GH/s units, that's 1.5 TH/s a day being added to the network; 45 TH/s a month. Scary stuff!

you still didnt count all other ASIC devices and USB miners, so we should see more than 100TH (just guess no numbers or math) added each month... This is not going to happen this month probably
and also you were just counting with 5GH/s units, they can ship 300 60GH/s units each day (18TH/day)*30=540TH/s each month Cheesy

:D

davecoin

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Activity: 816

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wth?

"We’re in Zerlan, the COO’s office, talking about mining. In the corner behind his chair I see a modified Mini Rig SC top end unit with the chassis split open. It’s emanating some kind of red glow that gives the impression that it is some sort of futuristic mining prototype. I don’t even ask what its for, expecting that information on a machine like that wouldn’t be shared with this writer. I was also afraid that my mind might be bitcoin blown."

RoadStress

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http://media.coindesk.com/2013/07/bfljalapenoassemble1.png vs http://www.youtube.com/watch?v=OQY3Y8shBY8 All i can say is lol!

And yes Inaba is a tard!

jmaccoin

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Quote from: kendog77 on July 17, 2013, 10:10:03 AM

Quote from: geofflosophy on July 17, 2013, 08:33:35 AM

Hey All,

Just came across this article on CoinDesk, figured I'd share it: http://www.coindesk.com/inside-butterfly-labs-the-challenges-of-producing-bitcoin-mining-hardware/

They claim to be shipping 300 units a day; the fact that very very few of you have been receiving yours makes that possibility a little scary... They're shipping orders in the order in which they were received, but even if they were only shipping 5 GH/s units, that's 1.5 TH/s a day being added to the network; 45 TH/s a month. Scary stuff!

BFL has constantly lied about their delivery dates, so I see no reason why they wouldn't also lie about how many units they are shipping per day in order to get more new orders.

Fool me once, shame on you. Fool me twice, shame on me.

I think we are all aware that a fool can not be fooled a second time.

GigaWave

full member

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Complete BS, they MAY have shipped 300 one day, but they are definitely not shipping that much every day. They are still on first day Single's. All you have to do is look at BFL_Jody Blog post on BFLs forum and she posts when they ship.

kendog77

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Quote from: geofflosophy on July 17, 2013, 08:33:35 AM

Hey All,

Just came across this article on CoinDesk, figured I'd share it: http://www.coindesk.com/inside-butterfly-labs-the-challenges-of-producing-bitcoin-mining-hardware/

They claim to be shipping 300 units a day; the fact that very very few of you have been receiving yours makes that possibility a little scary... They're shipping orders in the order in which they were received, but even if they were only shipping 5 GH/s units, that's 1.5 TH/s a day being added to the network; 45 TH/s a month. Scary stuff!

BFL has constantly lied about their delivery dates, so I see no reason why they wouldn't also lie about how many units they are shipping per day in order to get more new orders.

Fool me once, shame on you. Fool me twice, shame on me.

joeventura

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HellDiverUK

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Quote from: maxl on July 17, 2013, 08:53:58 AM

You can see in the forum that only a few people have received something from BFL.

To be fair, not everyone who ordered from BFL is going to be on this forum, or those who are may not be inclined to come on here and post that they received their unit.

Topic: Butterfly Labs shipping 300 units a day - page 20. (Read 29035 times)