another lol thread
Haha, someone is so pissed off at being screwed that his typing turned into sesamestreet colors
No worries everyone, there's not going to be any asics. Everyone who still thinks there will be has never see an asic being developed.
Topic: here's just how screwed ASIC buyers are - READ THIS if you have a preorder - page 11. (Read 23355 times)
October 05, 2012, 06:56:02 AM
Haha, someone is so pissed off at being screwed that his typing turned into sesamestreet colors
No worries everyone, there's not going to be any asics. Everyone who still thinks there will be has never see an asic being developed.
October 05, 2012, 02:30:40 AM
another lol thread
I'm really screwed, my graphics cards paid themselves off and left me enough coins to buy an ASIC, some tshirts hats and stickers + pay some of my electricty bills (inculding the whole $900 of the last one)
oh wait....maybe I'm not screwed after all???
oh and I don't expect to get ROI in 5minutes - 12 months or longer would be fine by me
over these bullshit threads based on really bad "guestimates" by self professed "experts"
have nice days
I'm really screwed, my graphics cards paid themselves off and left me enough coins to buy an ASIC, some tshirts hats and stickers + pay some of my electricty bills (inculding the whole $900 of the last one)
oh wait....maybe I'm not screwed after all???
oh and I don't expect to get ROI in 5minutes - 12 months or longer would be fine by me
over these bullshit threads based on really bad "guestimates" by self professed "experts"
have nice days
October 05, 2012, 01:47:43 AM
I have no GPU miners at the moment, no ASIC pre-orders, and no interest in an ASIC pre-order if I'm not guaranteed to get it earlier than most people, and actually I have almost no bitcoins either at the moment, as they were convereted to USD at an opportune time so that kinda kills your basis for the accusation now doesn't it?
No GPU, No Asic pre-order.. hmm, you sold your house to buy a container full of FPGA and that's why you're mad at those ASIC-Pre-Order folks ?
October 05, 2012, 01:42:16 AM
I want to share the fast calculations i did a few days ago.
1) let's suppose to be around 10M$ in ASIC preorder
2) the $/GH is 21.6 ($/GH) (1300$ for 60GH)
3) so there will be around 460TH of hashing power *added* when the preorders delivery (10M$/21.6$/GH)
4) as of now a 1GH/s miner does around 0.3512 BTC/daily with a total network power of 21TH
5) let's halve that amount since that we will soon go from 50 to 25BTC per block, that's is 0.1756 BTC/day
6) the hashing power will go up around 20 times, that means that your profit per day per 1GH/s will go down of around 20 times, that's is 0.00878 BTC/GH/day
7) now let's suppose to have around 60GH/s of hashing power, that's 60 * 0.00878, 0.5BTC/day @50-100W
8 ) you need 120BTC to payback your 60GH/s mining hardware, that's 240 days, not taking into account the power usage.
9) after 120 days the asic market will be completely different, with people buying 1TH for 1000$
Yes, you are all screwed.
1) let's suppose to be around 10M$ in ASIC preorder
2) the $/GH is 21.6 ($/GH) (1300$ for 60GH)
3) so there will be around 460TH of hashing power *added* when the preorders delivery (10M$/21.6$/GH)
4) as of now a 1GH/s miner does around 0.3512 BTC/daily with a total network power of 21TH
5) let's halve that amount since that we will soon go from 50 to 25BTC per block, that's is 0.1756 BTC/day
6) the hashing power will go up around 20 times, that means that your profit per day per 1GH/s will go down of around 20 times, that's is 0.00878 BTC/GH/day
7) now let's suppose to have around 60GH/s of hashing power, that's 60 * 0.00878, 0.5BTC/day @50-100W
8 ) you need 120BTC to payback your 60GH/s mining hardware, that's 240 days, not taking into account the power usage.
9) after 120 days the asic market will be completely different, with people buying 1TH for 1000$
Yes, you are all screwed.
So your tought seems that it's better to hoard BTC instead of buying mining rig with them.. My tought is : Mine Mine Mine, more more more, because in 3, 4 or 5 years, i'll still be generating those precious BTC !
Let's see
October 05, 2012, 01:25:54 AM
@all, please note the differences in replies among who has and don't a BFL advertising in their signature.
(Last 2 posts)
Me and SgtSpike both have BFL links in our sigs, but we're disagreeing on how much has been spent on pre-orders. I don't quite understand what point you'er trying to make, but it is 2am, and I am overdue for some sleep. Please care to explain? (Last 2 posts)
For the third time in the thread.
I'm gonna retire from posting for a while.
October 05, 2012, 01:23:04 AM
^risk ... ^reward
don't spend your life savings on any of this...
don't spend your life savings on any of this...
October 05, 2012, 01:11:22 AM
@all, please note the differences in replies among who has and don't a BFL advertising in their signature.
(Last 2 posts)
Me and SgtSpike both have BFL links in our sigs, but we're disagreeing on how much has been spent on pre-orders. I don't quite understand what point you'er trying to make, but it is 2am, and I am overdue for some sleep. Please care to explain? (Last 2 posts)
October 05, 2012, 12:58:01 AM
I want to share the fast calculations i did a few days ago.
1) let's suppose to be around 10M$ in ASIC preorder
2) the $/GH is 21.6 ($/GH) (1300$ for 60GH)
3) so there will be around 460TH of hashing power *added* when the preorders delivery (10M$/21.6$/GH)
4) as of now a 1GH/s miner does around 0.3512 BTC/daily with a total network power of 21TH
5) let's halve that amount since that we will soon go from 50 to 25BTC per block, that's is 0.1756 BTC/day
6) the hashing power will go up around 20 times, that means that your profit per day per 1GH/s will go down of around 20 times, that's is 0.00878 BTC/GH/day
7) now let's suppose to have around 60GH/s of hashing power, that's 60 * 0.00878, 0.5BTC/day @50-100W
8 ) you need 120BTC to payback your 60GH/s mining hardware, that's 240 days, not taking into account the power usage.
9) after 120 days the asic market will be completely different, with people buying 1TH for 1000$
Yes, you are all screwed.
You just pulled that 10m$ pre order out of your butt....1) let's suppose to be around 10M$ in ASIC preorder
2) the $/GH is 21.6 ($/GH) (1300$ for 60GH)
3) so there will be around 460TH of hashing power *added* when the preorders delivery (10M$/21.6$/GH)
4) as of now a 1GH/s miner does around 0.3512 BTC/daily with a total network power of 21TH
5) let's halve that amount since that we will soon go from 50 to 25BTC per block, that's is 0.1756 BTC/day
6) the hashing power will go up around 20 times, that means that your profit per day per 1GH/s will go down of around 20 times, that's is 0.00878 BTC/GH/day
7) now let's suppose to have around 60GH/s of hashing power, that's 60 * 0.00878, 0.5BTC/day @50-100W
8 ) you need 120BTC to payback your 60GH/s mining hardware, that's 240 days, not taking into account the power usage.
9) after 120 days the asic market will be completely different, with people buying 1TH for 1000$
Yes, you are all screwed.
There is no way that there are that many pre orders for ASIC.
There are just not that many people in the community to invest that kind of money in mining equipment.
October 05, 2012, 12:46:16 AM
I want to share the fast calculations i did a few days ago.
1) let's suppose to be around 10M$ in ASIC preorder
2) the $/GH is 21.6 ($/GH) (1300$ for 60GH)
3) so there will be around 460TH of hashing power *added* when the preorders delivery (10M$/21.6$/GH)
4) as of now a 1GH/s miner does around 0.3512 BTC/daily with a total network power of 21TH
5) let's halve that amount since that we will soon go from 50 to 25BTC per block, that's is 0.1756 BTC/day
6) the hashing power will go up around 20 times, that means that your profit per day per 1GH/s will go down of around 20 times, that's is 0.00878 BTC/GH/day
7) now let's suppose to have around 60GH/s of hashing power, that's 60 * 0.00878, 0.5BTC/day @50-100W
8 ) you need 120BTC to payback your 60GH/s mining hardware, that's 240 days, not taking into account the power usage.
9) after 120 days the asic market will be completely different, with people buying 1TH for 1000$
Yes, you are all screwed.
1) let's suppose to be around 10M$ in ASIC preorder
2) the $/GH is 21.6 ($/GH) (1300$ for 60GH)
3) so there will be around 460TH of hashing power *added* when the preorders delivery (10M$/21.6$/GH)
4) as of now a 1GH/s miner does around 0.3512 BTC/daily with a total network power of 21TH
5) let's halve that amount since that we will soon go from 50 to 25BTC per block, that's is 0.1756 BTC/day
6) the hashing power will go up around 20 times, that means that your profit per day per 1GH/s will go down of around 20 times, that's is 0.00878 BTC/GH/day
7) now let's suppose to have around 60GH/s of hashing power, that's 60 * 0.00878, 0.5BTC/day @50-100W
8 ) you need 120BTC to payback your 60GH/s mining hardware, that's 240 days, not taking into account the power usage.
9) after 120 days the asic market will be completely different, with people buying 1TH for 1000$
Yes, you are all screwed.
You just pulled that 10m$ pre order out of your butt....
There is no way that there are that many pre orders for ASIC.
There are just not that many people in the community to invest that kind of money in mining equipment.
October 05, 2012, 12:23:42 AM
I want to share the fast calculations i did a few days ago.
1) let's suppose to be around 10M$ in ASIC preorder
2) the $/GH is 21.6 ($/GH) (1300$ for 60GH)
3) so there will be around 460TH of hashing power *added* when the preorders delivery (10M$/21.6$/GH)
4) as of now a 1GH/s miner does around 0.3512 BTC/daily with a total network power of 21TH
5) let's halve that amount since that we will soon go from 50 to 25BTC per block, that's is 0.1756 BTC/day
6) the hashing power will go up around 20 times, that means that your profit per day per 1GH/s will go down of around 20 times, that's is 0.00878 BTC/GH/day
7) now let's suppose to have around 60GH/s of hashing power, that's 60 * 0.00878, 0.5BTC/day @50-100W
8 ) you need 120BTC to payback your 60GH/s mining hardware, that's 240 days, not taking into account the power usage.
9) after 120 days the asic market will be completely different, with people buying 1TH for 1000$
Yes, you are all screwed.
1) let's suppose to be around 10M$ in ASIC preorder
2) the $/GH is 21.6 ($/GH) (1300$ for 60GH)
3) so there will be around 460TH of hashing power *added* when the preorders delivery (10M$/21.6$/GH)
4) as of now a 1GH/s miner does around 0.3512 BTC/daily with a total network power of 21TH
5) let's halve that amount since that we will soon go from 50 to 25BTC per block, that's is 0.1756 BTC/day
6) the hashing power will go up around 20 times, that means that your profit per day per 1GH/s will go down of around 20 times, that's is 0.00878 BTC/GH/day
7) now let's suppose to have around 60GH/s of hashing power, that's 60 * 0.00878, 0.5BTC/day @50-100W
8 ) you need 120BTC to payback your 60GH/s mining hardware, that's 240 days, not taking into account the power usage.
9) after 120 days the asic market will be completely different, with people buying 1TH for 1000$
Yes, you are all screwed.
You just pulled that 10m$ pre order out of your butt....
There is no way that there are that many pre orders for ASIC.
There are just not that many people in the community to invest that kind of money in mining equipment.
October 04, 2012, 10:34:28 PM
I see you have all fallen for the official bitcointalk forum troll....
October 04, 2012, 09:46:49 PM
The mining factor has been constant at 4-5 months ROI ($0.45/100mh/s) for over a year now, and this isn't going to change with ASIC arrivals. This consistency reflects a general risk/reward ratio that exists within the market, such that anticipations of price increases offsets mining purchases. As we can all see over the past few months, anyone who sold bitcoins to buy pre-orders missed out on a more than doubling of usd/btc. The mining factor will fall to 1/37.5 it is now, as this is the FPGA:ASIC mh/s efficiency, but when factoring in this increased efficiency, will equate back to 1 (37.5*(1/37.5)).
October 04, 2012, 08:23:34 PM
Again : It all depend a what price you'll buy fiat with your BTC.. If buying fiat is your goal. Someone may want to exchange BTC for a wikispeed car or another product or service.. It all depend on when, and what for BTC are being exchanged.
Let suppose, someone invest reasonable amount of Fiat or BTC, ammount that this person can afford to lose. Even if BTC fails, no worry, it was not retiree money, or a loan that must be paid back.. Like any investment, no one should risk value that can be lost overnight.
So, I've invested mush less than I can afford to lose, and if things get real.. I'll invest much more, always in a total value that I can afford to lose over-night..
Calling to everyone : "You'll get screwed" is, in my humble opinion, immature and shows a lack of tought !
- sorry for bad english !
Let suppose, someone invest reasonable amount of Fiat or BTC, ammount that this person can afford to lose. Even if BTC fails, no worry, it was not retiree money, or a loan that must be paid back.. Like any investment, no one should risk value that can be lost overnight.
So, I've invested mush less than I can afford to lose, and if things get real.. I'll invest much more, always in a total value that I can afford to lose over-night..
Calling to everyone : "You'll get screwed" is, in my humble opinion, immature and shows a lack of tought !
- sorry for bad english !
October 04, 2012, 07:57:30 PM
I want to share the fast calculations i did a few days ago.
1) let's suppose to be around 10M$ in ASIC preorder
2) the $/GH is 21.6 ($/GH) (1300$ for 60GH)
3) so there will be around 460TH of hashing power *added* when the preorders delivery (10M$/21.6$/GH)
4) as of now a 1GH/s miner does around 0.3512 BTC/daily with a total network power of 21TH
5) let's halve that amount since that we will soon go from 50 to 25BTC per block, that's is 0.1756 BTC/day
6) the hashing power will go up around 20 times, that means that your profit per day per 1GH/s will go down of around 20 times, that's is 0.00878 BTC/GH/day
7) now let's suppose to have around 60GH/s of hashing power, that's 60 * 0.00878, 0.5BTC/day @50-100W
8 ) you need 120BTC to payback your 60GH/s mining hardware, that's 240 days, not taking into account the power usage.
9) after 120 days the asic market will be completely different, with people buying 1TH for 1000$
Yes, you are all screwed.
1) let's suppose to be around 10M$ in ASIC preorder
2) the $/GH is 21.6 ($/GH) (1300$ for 60GH)
3) so there will be around 460TH of hashing power *added* when the preorders delivery (10M$/21.6$/GH)
4) as of now a 1GH/s miner does around 0.3512 BTC/daily with a total network power of 21TH
5) let's halve that amount since that we will soon go from 50 to 25BTC per block, that's is 0.1756 BTC/day
6) the hashing power will go up around 20 times, that means that your profit per day per 1GH/s will go down of around 20 times, that's is 0.00878 BTC/GH/day
7) now let's suppose to have around 60GH/s of hashing power, that's 60 * 0.00878, 0.5BTC/day @50-100W
8 ) you need 120BTC to payback your 60GH/s mining hardware, that's 240 days, not taking into account the power usage.
9) after 120 days the asic market will be completely different, with people buying 1TH for 1000$
Yes, you are all screwed.
You just pulled that 10m$ pre order out of your butt....
There is no way that there are that many pre orders for ASIC.
There are just not that many people in the community to invest that kind of money in mining equipment.
October 04, 2012, 07:33:05 PM
...
I have no GPU miners at the moment, no ASIC pre-orders, and no interest in an ASIC pre-order if I'm not guaranteed to get it earlier than most people, and actually I have almost no bitcoins eith...
I have no GPU miners at the moment, no ASIC pre-orders, and no interest in an ASIC pre-order if I'm not guaranteed to get it earlier than most people, and actually I have almost no bitcoins eith...
Ah, so you are an FPGA guy then
I do hope that at least some ASIC vendors turn out to be legit and their shit works because there really are some cool FPGA gadgets that I would like to have (for things other than mining Bitcoin) and the aforementioned eventuality could depress the price of them. We'll see. October 04, 2012, 07:21:50 PM
Hey ASIC pre-order people, you're screwed 
That's nothing compared with Bitcoin as a project becoming screwed, as a result of moving in wrong direction. Instead of workload becoming
distributed to as many entities as possible (1 billion+ ORDINARY computers using CPU grinding, if nothing else), it will become distributed to (much)
less entities than now (5k+ EXTRAORDINARY setups). First you put CPU only miners out of game, now you'll put GPU miners out of game as well.
Great job, let's ignore total processing power of all ordinary computers on the planet and the fact few billions are harder to compromise than few!
Let's put NECCESSARY work of solving blocks into hands of less and less people, so those who this project is ment to fight against have easier job.
Now you can continue with ordinary irrelevant debate.
On top of that, botnets will be made completely unviable/unprofitable. Not only does that mean less malicious usage of other people's computers, it also means malicious entities cannot gain control of a significant part of the Bitcoin network via botnets. I see this as a very good thing.
The ignore button,,, That's what it's for !
Ps: I don't mind not paying my hardware back, It's only to protect the network.
October 04, 2012, 06:51:31 PM
That is absolutely absurd. I'm just shocked at all the unbelievably stupid people... I'm gonna be rich!" crap. ... the mega-sketchy jerks over at Butterfly Labs, which is run by a scam-participant asshole. WTF is wrong with everyone?! ... a slap in the face...
...Btw WTF is $253.67 / 10 / 2? ...
When you resort to personal insults, it only makes one person look stupid. I'll let you figure out who that is....Btw WTF is $253.67 / 10 / 2? ...
How about you try reading my post next time.
A LOT more when you add in shipping and electricity
No, not so much.I have no GPU miners at the moment, no ASIC pre-orders, and no interest in an ASIC pre-order if I'm not guaranteed to get it earlier than most people, and actually I have almost no bitcoins either at the moment, as they were convereted to USD at an opportune time...
...So answer me this: why the FUCK are you trolling this Bitcoin forum? ...Can you give some sort of response, defending yourself? If so, I'll take it back. Otherwise, your posts are worth absolutely nothing.
The ignore button,,, That's what it's for !
Ps: I don't mind not paying my hardware back, It's only to protect the network.
October 04, 2012, 06:09:47 PM
I have no GPU miners at the moment, no ASIC pre-orders, and no interest in an ASIC pre-order if I'm not guaranteed to get it earlier than most people, and actually I have almost no bitcoins either at the moment, as they were convereted to USD at an opportune time...
Wait, let me get this straight:-You have no Bitcoins.
-You do not mine Bitcoins.
-You do not plan on mining, unless you can get an ASIC before everyone else. And even if you did...
-Your only purpose of mining Bitcoins is to sell them for USD.
-Then to top it all off, you start calling all of us "Stupid" for choosing purchase mining equipment.
So answer me this: why the FUCK are you trolling this Bitcoin forum? Some of us actually mine for the 1BTC, not the USD it can be traded for. Can you give some sort of response, defending yourself? If so, I'll take it back. Otherwise, your posts are worth absolutely nothing.
October 04, 2012, 05:17:34 PM
October 04, 2012, 05:06:49 PM
That is absolutely absurd. I'm just shocked at all the unbelievably stupid people who keep touting their "wow, it will pay off in 2 weeks! I'm gonna be rich!" crap. I thought people in the bitcoin community would be cautious and smart. The rate is 50 (well 25) BTC per block and everyone has to share that. So for like 50% of all miners switching to ASICs and all claim they're going to get rich off those amazing speed numbers, someone has to let them know that they're dreaming and remind them how the bitcoin protocol works. The only people making money are the mega-sketchy jerks over at Butterfly Labs, which is run by a scam-participant asshole. WTF is wrong with everyone?! It really makes bitcoin look bad and makes people want to leave it behind when some get rich quick scheme doesn't work out as well as they hoped. I guess a slap in the face with some cold, hard reality it better now than later.
I have no GPU miners at the moment, no ASIC pre-orders, and no interest in an ASIC pre-order if I'm not guaranteed to get it earlier than most people, and actually I have almost no bitcoins either at the moment, as they were convereted to USD at an opportune time so that kinda kills your basis for the accusation now doesn't it?
Btw WTF is $253.67 / 10 / 2? That's not the most direct way to calculate it, or accurate. Here, let's short version it instead. 378TH/s anticipated network speed. Wait, let's go with your number! 10x 22.5TH/s = 225TH/s. Your Jalapeno will be 0.002% of the block solving so 0.0005BTC every 10 minutes @ 25 per block. That's 0.072BTC/day. At $12.80 that's $0.9216 per day. That's 161 days but A LOT more when you add in shipping and electricity. Still not so great. With my more realistic numbers, that's closer to 258 days + shipping and electricity. Oh that's right, during that 258 days, more people will be buying ohhhhhhhhhh just a couple more ASICs so it's going to be 2 years if you're lucky before that pays for itself. Welcome back to the former GPU payoff period Kinda my point.
I have no GPU miners at the moment, no ASIC pre-orders, and no interest in an ASIC pre-order if I'm not guaranteed to get it earlier than most people, and actually I have almost no bitcoins either at the moment, as they were convereted to USD at an opportune time so that kinda kills your basis for the accusation now doesn't it?
Btw WTF is $253.67 / 10 / 2? That's not the most direct way to calculate it, or accurate. Here, let's short version it instead. 378TH/s anticipated network speed. Wait, let's go with your number! 10x 22.5TH/s = 225TH/s. Your Jalapeno will be 0.002% of the block solving so 0.0005BTC every 10 minutes @ 25 per block. That's 0.072BTC/day. At $12.80 that's $0.9216 per day. That's 161 days but A LOT more when you add in shipping and electricity. Still not so great. With my more realistic numbers, that's closer to 258 days + shipping and electricity. Oh that's right, during that 258 days, more people will be buying ohhhhhhhhhh just a couple more ASICs so it's going to be 2 years if you're lucky before that pays for itself. Welcome back to the former GPU payoff period
Kinda my point. Jump to: