Topic: [Group buy] ASICMINER 10GH/s Boards Shipping Now - page 2. (Read 4668 times)
ASICMINER shares will eventually decline in value because of the block reward halving. Eventually there would be no block subsidy and mining will purely earn transaction fees.
It astounds me that people just can't come up with a price for their products. If you want an auction use eBay.
Oh comon... you only are grumpy because you cant get it for low money like avalon sells them...
Btw... i would like to bid based on my calculations. Asicminer shares need 785 days to get investment back with dividends while even when such miner would be bought for 100BTC it would only need 178.6 days with difficulty 9,000,000 instead 7,000,000.
https://bitcointalksearch.org/topic/m.1862882
Unfortunately i will get btc only some hours after the auction ends.
You computation is 100% faulty. After 785 days, when full price of asicminer share is paid off (based on your computation), your shares do not become worthless - assuming 0% rise in value (which I doubt), you can still sell them and have a return of 100%. After 178.6 break-even on the board, the value of board is throwaway. Also you are assuming 0 rise in difficulty within these 178 days, which is dud.
Again, good luck and of course - lots of appreciation for supporting the network. Forget the computation and think about it holistically, it would be easier for you to purchase.
It astounds me that people just can't come up with a price for their products. If you want an auction use eBay.
Oh comon... you only are grumpy because you cant get it for low money like avalon sells them...
Btw... i would like to bid based on my calculations. Asicminer shares need 785 days to get investment back with dividends while even when such miner would be bought for 100BTC it would only need 178.6 days with difficulty 9,000,000 instead 7,000,000.
https://bitcointalksearch.org/topic/m.1862882
Unfortunately i will get btc only some hours after the auction ends.
May be you want to read kano's post in that thread (https://bitcointalksearch.org/topic/m.1862755) and some simplified computation based on that (https://bitcointalksearch.org/topic/m.1862798).
It astounds me that people just can't come up with a price for their products. If you want an auction use eBay.
Quote
This is the first round of a series of auctions for Bitfountain products. 10 Block Erupter blades, the same as the ones used in ASICMINER's actual deployment, are available for bidding in this round. We start with this experimental auction to collect the user criticisms for improving our products, as well as the market reaction for deciding how to release the hashpower over the world.
1 unit = 10.752 GH/s, max speed (with overclocking) 12.829 GH/s.
Unlike other mining orders, this device ships pretty much as soon as you pay (after the auction ending of course). So you can mine the current network difficulty, instead of only getting the units in two months of lead time.
https://bitcointalksearch.org/topic/asicminer-auction-10-block-erupter-blades-ended-178275
Group Buy:
There are multiples of 100 shares. Each share costs up to 1 BTC. That is, I will bid up to 100 BTC in the auction, but I will try to get the units at the lowest price possible. If we buy the unit for 65 BTC, then I will send out a refund of 0.35 BTC per share.
1 share = 1% of mining proceeds of one Block Erupter blade, minus electricity costs, and a 5% maintenance fee.
I pay $0.255 AUD / kWh in power. There are no shipping costs.
Full refund if this does not go through (can't buy unit). If we get 50 shares and we buy a unit for 50 bitcoins (for example), then each share gets 2% of mining proceeds.
Interested? Send me a PM. Shares are transferable. Min purchase 5 shares.
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