[CLOSED] Block Erupter USB @ 0.20 BTC + parcel -> Shipping to anywhere! - page 10.

hotwired007

hero member

Activity: 585

Merit: 500

Quote from: JakeTri on June 23, 2013, 06:00:13 PM

Maybe we can order more to help Augusto to pass the 1000 items sold to get the discounted price of 0.89 and also get back the extra money payed for all items that he ordered (I assume that include the old one sold at 1.99).

This way we can reduce out cost for both Augusto and buyers ... If I understood correctly friedcat message https://bitcointalksearch.org/topic/m.2559360.

my understanding of this is that IF AC gets over 1000 orders we'll all get a refund for the original purchases - so if i order 4 miners (prevously ordered 2) i should only have to pay around 2 BTC? if so i'll order 5 new ones Cheesy

tom_o

sr. member

Activity: 308

Merit: 250

Quote from: augustocroppo on June 23, 2013, 07:18:26 PM

First buyers in the moment would break even their MHz cost in ~16 hours while the new buyers would break even their MHz cost in just ~8 hours!

This is really bad news for the first buyers!

I think your calculations are off by over 2 orders of magnitude! 333Mhash only generates 0.00288 per 8 hours, not 1!

Lucko

hero member

Activity: 826

Merit: 1000

I think he can't do it... He is EU based...

Betatester

member

Activity: 118

Merit: 10

Quote from: matt4054 on June 23, 2013, 07:55:11 PM

Yes, that's a significant price drop, but there was a huge increase in difficulty too. I bought only one because I knew the cost to hashrate ratio was very high and wasn't expecting ROI before at least a year, if any. With the 50% decrease in price, I would be willing to risk a bit more and buy a couple of them from Augusto, of course Wink

Same here. I admit having sold mine on ebay because I anticipated this price. Blades sold out and thousands of USBs left.
Price vs hashing power is now in GPU range, so the sticks will sell off quickly. Would like to get a couple only to experiment with miners/pools.

matt4054

legendary

Activity: 1946

Merit: 1035

Yes, that's a significant price drop, but there was a huge increase in difficulty too. I bought only one because I knew the cost to hashrate ratio was very high and wasn't expecting ROI before at least a year, if any. With the 50% decrease in price, I would be willing to risk a bit more and buy a couple of them from Augusto, of course Wink

rsbriggs

full member

Activity: 427

Merit: 100

Is the way of the world, things changing. Are doing new group buy? Would allow cost averaging downwards.

augustocroppo

vip

Activity: 756

Merit: 504

Quote from: baloo_kiev on June 23, 2013, 06:47:48 PM

I see no problem with it. Difficulty increased right about twice since they were first announced, so the new buyers are in the same situation now. Also, with current price of 3 BTC/GH (+shipping) they are still not profitable and serve mainly as souvenirs.

I think the Block Erupter is able to generate some profit, otherwise I would not had dispatched 347 units in less than a month. Many buyer have already indicated the product is offering what they expected in terms of profits.

In the moment all the 347 units with ~336MHz each is generating ~3.03195414 BTC per day.

The lower price will put the first buyers in disadvantage because that will induce people to obtain more and more devices, which at the same time that will increase more and more the difficulty. This will result in a wider period of time to the first buyers at least break even to compensate the price paid for each unit.

So let's compare! The first buyers paid 1.99 BTC per each ~336MHz. That means 0.00592261 per MHz. Now the new buyers will only pay 0.00296130 per MHz.

First buyers in the moment would break even their MHz cost in ~16 hours while the new buyers would break even their MHz cost in just ~8 hours!

This is really bad news for the first buyers!

baloo_kiev

sr. member

Activity: 476

Merit: 250

Quote from: augustocroppo on June 23, 2013, 04:48:27 PM

Quote from: Betatester on June 23, 2013, 04:34:51 PM

asicminer reduced price to 0.99 each. How about another buy?

That was a stab in the back of the first buyers.

I am quite disappointed with Bitfountain decision to reduce the price.

Basically this move is going to reduce the estimated value of the product of all the buyers which participated in my group buy.

I must confess I am really pissed off!

Angry

I see no problem with it. Difficulty has increased right about twice since they were first announced, so the new buyers are in the same situation now. Also, with current price of 3 BTC/GH (+shipping) they are still not profitable and serve mainly as souvenirs.

P.S. To be honest, I must metion that I hold some AM shares (via passthrough) and get dividends whenever some greedy miner orders a hundred of devices for himself, hoping to gain profit.

Lucko

hero member

Activity: 826

Merit: 1000

Quote from: JakeTri on June 23, 2013, 06:00:13 PM

Maybe we can order more to help Augusto to pass the 1000 items sold to get the discounted price of 0.89 and also get back the extra money payed for all items that he ordered (I assume that include the old one sold at 1.99).

This way we can reduce out cost for both Augusto and buyers ... If I understood correctly friedcat message https://bitcointalksearch.org/topic/m.2559360.

I think it works only for 0.99 price and not for 1.99... At lest that is what I think...

JakeTri

full member

Activity: 154

Merit: 100

Maybe we can order more to help Augusto to pass the 1000 items sold to get the discounted price of 0.89 and also get back the extra money payed for all items that he ordered (I assume that include the old one sold at 1.99).

This way we can reduce out cost for both Augusto and buyers ... If I understood correctly friedcat message https://bitcointalksearch.org/topic/m.2559360.

jelin1984

legendary

Activity: 2408

Merit: 1004

What you mean friend?

augustocroppo

vip

Activity: 756

Merit: 504

Quote from: Betatester on June 23, 2013, 04:34:51 PM

asicminer reduced price to 0.99 each. How about another buy?

That was a stab in the back of the first buyers.

I am quite disappointed with Bitfountain decision to reduce the price.

Basically this move is going to reduce the estimated value of the product of all the buyers which participated in my group buy.

I must confess I am really pissed off!

Angry

Betatester

member

Activity: 118

Merit: 10

asicminer reduced price to 0.99 each. How about another buy?

pajak666

hero member

Activity: 746

Merit: 502

Looking for advertising deal

Recieved my 3 units today.
TYVM

bigtimespaghetti

legendary

Activity: 1652

Merit: 1057

bigtimespaghetti.com

Received all mine on Tuesday. Great work Augusto.

hotwired007

hero member

Activity: 585

Merit: 500

As i was one of the lucky one's to reciev his early - i dont want anything refunded

i feel like i have already benefited! Wink

-Redacted-

hero member

Activity: 574

Merit: 501

Quote from: augustocroppo on June 19, 2013, 07:00:48 PM

Quote from: -Redacted- on June 19, 2013, 03:33:26 PM

Received the 15 units that my sister ordered. Thank you Augusto.

I am sorry for the delay! Happy (late) birthday!

Grin

Thanks!

matt4054

legendary

Activity: 1946

Merit: 1035

Thank you Augusto, if any balance left in my account (same as my username, the guy from Switzerland) you can keep it as your tip of course. Hope to do business with you again soon!

augustocroppo

vip

Activity: 756

Merit: 504

Quote from: -Redacted- on June 19, 2013, 03:33:26 PM

Received the 15 units that my sister ordered. Thank you Augusto.

I am sorry for the delay! Happy (late) birthday!

Grin

augustocroppo

vip

Activity: 756

Merit: 504

Quote from: augustocroppo on June 19, 2013, 06:55:11 PM

Quote

Newsletter #3

Dear Buyer,

The third batch has already been ordered, received and dispatched to all remaining buyers waiting for their parcel:

552a8a2fc7342e0e1304c7813af029838286e9c6d39034f0812fa9c459a4a8fa

Warranty

I will remain responsible for the warranty of the product up to 30th December 2013. I have 10 Block Erupter USBs available for replacement. However I will only replace 2 or less Block Erupter USBs per buyer. The request for the replacement of 3 or more Block Erupter USBs must be made directly to Bitfountain.

Delivery Confirmation

The tracking system from Parcelforce indicates that a few parcels were not delivered. If you received your parcel but your pre-order still shows “post”, reply to this newsletter indicating on which date the parcel was delivered.

Affected Buyers

All remaining units of the buyers which were affected by the lack of available Block Erupter USBs were already dispatch. This includes buyers which should be part of the first and second batch. So if you were affected and did not receive a second parcel up to now, please respond to this newsletter so I can help you determine why your parcel was not delivered.

Tip the Trader

As I had promised I will refund the overpaid amount by the buyers after all Block Erupter USBs ordered have been delivered. However you can refuse the refund and instead tip me for the work I’ve done to satisfy the group needs as a whole. I gave my best to ensure all buyers would have a real product as soon I could deliver. There were also buyers which were only able to participate in the group because I offered alternative methods of payment.

Thanks

I want to express my gratitude to all buyers which deposited their trust in my business. I am quite glad with the lessons I learned from this trade. I must also thank Friedcat for the prompt response to deliver what he promised. Bitfountain is the only honest business at the present moment which is truly committed to delivering what it advertises.

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