Have you ordered your HashFast Baby Jet yet?

Rampion

legendary

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Quote from: cypherdoc on August 15, 2013, 02:14:35 PM

well, i still have my 8 orders in. of course.

one day, one of these companies is going to make it thru the pre-order gauntlet in good shape and then go on to do great things in terms of being able to produce a money making machine at their own expense just so everyone who buys it can make guaranteed money. sounds like a paradox, eh? it is, b/c then why sell them?

anyways, that is what everyone around here in Bitcoin Asic World seems to think is going to happen. i really don't think so.

You are right. We are approaching uncharted waters, ASIC companies that finance the units with their own money have no incentive in selling units at a price that bring ROI to their customers, as discussed many times this will likely lead us towards centralization (end game for BTC) unless the community creates crowd funded, open source projects...

Ytterbium

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Eh, fewer pre-orders means more bitcoin for people who do. I guess.

At the same time, people shouldn't do pre-orders if they don't have the technical knowledge necessary to evaluate company credibility.

jspielberg

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Eve's bot programming seems to have gotten stuck in a loop.

cypherdoc

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Quote from: eve on August 17, 2013, 02:22:56 AM

Not worth risks without guarantee on time delivery and credit cards payments option. No Pre Order and avoid pre order at all costs.

What' wrong with you?

How many times do you have to say this in every thread?

eve

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Not worth risks without guarantee on time delivery and credit cards payments option. No Pre Order and avoid pre order at all costs.

Beans

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Quote from: JohnyBigs on August 16, 2013, 01:07:57 AM

Quote from: gateway on August 16, 2013, 01:00:15 AM

Quote from: JohnyBigs on August 16, 2013, 12:32:16 AM

blow me, BTC only payments haha, maybe if it had paypal I would take a risk free gamble.

You guys do realize that PayPal will hold/cancel your account for anythng btc related that they catch wind of it?

PaTrolling?

They froze mine for it.

jungle_dave

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Quote from: jspielberg on August 16, 2013, 11:03:38 AM

Quote from: arbitrage001 on August 16, 2013, 09:35:22 AM

Anyone here still believe there will be positive ROI even if they manage to deliver on time?

https://bitcointalksearch.org/topic/hashfast-miner-protection-program-discussion-272906
That is the idea behind the MPP.

Depends on the price and demand for bitcoins. I would like to be an optimist as I have shares in HF and KnC equipment.
HF seems to me to be the only company addressing the ROI issue, maybe not perfectly but it looks like a step in the right direction and it would be nice to see other companies adopt similar policies.
If we have a difficulty of 250 million in December and BTC is trading at $300 (possible) then its profitable. Mining is a risk, if you don't like risk then don't mine.

klee

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Quote from: plasmoske on August 15, 2013, 11:13:41 PM

How many fucking topics do we need for HashFast?

+1

Kuroth

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Too Much $$$$ For these..

Bitcoinorama

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Quote from: gateway on August 16, 2013, 11:09:00 AM

Quote from: Ytterbium on August 16, 2013, 08:45:43 AM

Quote from: cypherdoc on August 16, 2013, 08:39:04 AM

It happened to the company that built my gpu miners from back in 2011.

When paypal figured out they were selling bitcoin related stuff they stepped in and unilaterally canceled my order.

I'm actually very surprised that KNC had been allowed to push millions of USD'S thru paypal like this. Makes me wonder what they've told them upfront.

Assuming the best that paypal knows what's going on, from Bitcoin's perspective as a payment system, this is fantastic news. It means that paypal has capitulated and has allowed their money grubbing selves to surface. Kudos to KNC for making that happen.

Otoh, if PayPal doesn't know what's going on, there indeed does exist the possibility of account freezing.

I'd put that at a very small risk at this point.

They've changed their policies.

Just search for paypal on the forum also their is an extensive thread on reddit about some issues anyhow.

Yeah, it's only resale of Butterfly Labs pre-orders i.e. vaporware on eBay from scammy sellers. People win listings, get fed up of waiting over Paypal's 45 days and demand a refund. By which point the seller has withdrawn money from Paypal and run off, so his account gets closed and Paypal foot the bill. Buyer's on eBay are trigger happy and trust sellers. Like on this forum people buy stuff without reading up;

http://www.reddit.com/r/Bitcoin/comments/1iyzkg/if_you_get_caught_selling_bitcoin_hardware_on/

crumbs

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Here's a fun Excel game:
1. Collect the data on all the promised hashrate (hashrate already promised by all of the ASIC manufacturers¹ for near-term delivery).
2. Create a worksheet projecting the total hashrate added to the network @ promised time.
3. Create a worksheet projecting difficulty @ time given 1 & 2.
4. Huh

5. Plausible difficulty projection.

1. I'm tired of using quotes. From now on, when i say "ASIC manufacturer," assume i mean "some guy on the interwebz who knows how to spell ASIC & promised to make a bunch of real good ones real soon in exchange for your monyz now." In no way is the term used to suggest actual manufacture of ASICs. Just a figure of speech. Now you know.

pmorici

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Quote from: arbitrage001 on August 16, 2013, 09:35:22 AM

Anyone here still believe there will be positive ROI even if they manage to deliver on time?

I believe that the less people there are who believe there will be a positive ROI the more likely there is to be one. I think there is some chance of coming close to breaking even in 90 days and if not there is the Miner Protection Plan. At this point in the game no company will ever sell an ASIC miner with a slam dunk ROI because everyone would buy one at which point no one would make an ROI.

gateway

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Quote from: Ytterbium on August 16, 2013, 08:45:43 AM

Quote from: cypherdoc on August 16, 2013, 08:39:04 AM

It happened to the company that built my gpu miners from back in 2011.

When paypal figured out they were selling bitcoin related stuff they stepped in and unilaterally canceled my order.

I'm actually very surprised that KNC had been allowed to push millions of USD'S thru paypal like this. Makes me wonder what they've told them upfront.

Assuming the best that paypal knows what's going on, from Bitcoin's perspective as a payment system, this is fantastic news. It means that paypal has capitulated and has allowed their money grubbing selves to surface. Kudos to KNC for making that happen.

Otoh, if PayPal doesn't know what's going on, there indeed does exist the possibility of account freezing.

I'd put that at a very small risk at this point.

They've changed their policies.

Just search for paypal on the forum also their is an extensive thread on reddit about some issues anyhow.

jspielberg

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Activity: 490

Merit: 255

Quote from: arbitrage001 on August 16, 2013, 09:35:22 AM

Anyone here still believe there will be positive ROI even if they manage to deliver on time?

https://bitcointalksearch.org/topic/hashfast-miner-protection-program-discussion-272906
That is the idea behind the MPP.

arbitrage001

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Anyone here still believe there will be positive ROI even if they manage to deliver on time?

cypherdoc

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Quote from: Ytterbium on August 16, 2013, 08:45:43 AM

Quote from: cypherdoc on August 16, 2013, 08:39:04 AM

It happened to the company that built my gpu miners from back in 2011.

When paypal figured out they were selling bitcoin related stuff they stepped in and unilaterally canceled my order.

I'm actually very surprised that KNC had been allowed to push millions of USD'S thru paypal like this. Makes me wonder what they've told them upfront.

Assuming the best that paypal knows what's going on, from Bitcoin's perspective as a payment system, this is fantastic news. It means that paypal has capitulated and has allowed their money grubbing selves to surface. Kudos to KNC for making that happen.

Otoh, if PayPal doesn't know what's going on, there indeed does exist the possibility of account freezing.

I'd put that at a very small risk at this point.

They've changed their policies.

in what way, officially?

Ytterbium

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Activity: 238

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Quote from: cypherdoc on August 16, 2013, 08:39:04 AM

It happened to the company that built my gpu miners from back in 2011.

When paypal figured out they were selling bitcoin related stuff they stepped in and unilaterally canceled my order.

I'm actually very surprised that KNC had been allowed to push millions of USD'S thru paypal like this. Makes me wonder what they've told them upfront.

Assuming the best that paypal knows what's going on, from Bitcoin's perspective as a payment system, this is fantastic news. It means that paypal has capitulated and has allowed their money grubbing selves to surface. Kudos to KNC for making that happen.

Otoh, if PayPal doesn't know what's going on, there indeed does exist the possibility of account freezing.

I'd put that at a very small risk at this point.

They've changed their policies.

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: Bitcoinorama on August 16, 2013, 07:48:50 AM

Quote from: gateway on August 16, 2013, 01:12:04 AM

Quote from: Bitcoinorama on August 16, 2013, 01:05:41 AM

Quote from: gateway on August 16, 2013, 01:00:15 AM

Quote from: JohnyBigs on August 16, 2013, 12:32:16 AM

blow me, BTC only payments haha, maybe if it had paypal I would take a risk free gamble.

You guys do realize that PayPal will hold/cancel your account for anythng btc related that they catch wind of it?

Pahahahahahahahahaa

?

What accounts are Paypal holding or cancelling for BTC related activity? Considering they've both become the payment processor for more than one Bitcoin related company, and have actively been looking at accepting BTC as a payment method themselves.

It happened to the company that built my gpu miners from back in 2011.

When paypal figured out they were selling bitcoin related stuff they stepped in and unilaterally canceled my order.

I'm actually very surprised that KNC had been allowed to push millions of USD'S thru paypal like this. Makes me wonder what they've told them upfront.

Assuming the best that paypal knows what's going on, from Bitcoin's perspective as a payment system, this is fantastic news. It means that paypal has capitulated and has allowed their money grubbing selves to surface. Kudos to KNC for making that happen.

Otoh, if PayPal doesn't know what's going on, there indeed does exist the possibility of account freezing.

I'd put that at a very small risk at this point.

Bitcoinorama

hero member

Activity: 532

Merit: 500

Quote from: gateway on August 16, 2013, 01:12:04 AM

Quote from: Bitcoinorama on August 16, 2013, 01:05:41 AM

Quote from: gateway on August 16, 2013, 01:00:15 AM

Quote from: JohnyBigs on August 16, 2013, 12:32:16 AM

blow me, BTC only payments haha, maybe if it had paypal I would take a risk free gamble.

You guys do realize that PayPal will hold/cancel your account for anythng btc related that they catch wind of it?

Pahahahahahahahahaa

?

What accounts are Paypal holding or cancelling for BTC related activity? Considering they've both become the payment processor for more than one Bitcoin related company, and have actively been looking at accepting BTC as a payment method themselves.

carlotech

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Activity: 92

Merit: 10

i have enough stress on this pre-orders thing. Cool

Topic: Have you ordered your HashFast Baby Jet yet? (Read 5000 times)