here's just how screwed ASIC buyers are - READ THIS if you have a preorder - page 6.

scrybe

sr. member

Activity: 350

Merit: 250

Quote from: cedivad on October 21, 2012, 09:07:01 AM

Quote from: Easy2Mine on October 21, 2012, 09:05:20 AM

I have a low IQ and after reading this, I am scared now.
I fall into a scam by buying BFL asics and also buying bASIC equipment.
Will I loose my money in the near future?
Or will I aggressively adding more units to mine mining operations?
Only time will tell.

If you have low order #ids, and have 50% of orders in both companies, my speculation is that you will not lose more than 50% of your investment, with the opportunity of earning more than you invested.

A low IQ means nothing.

Yep, it's low EQ you have to watch out for on these boards. http://en.wikipedia.org/wiki/Emotional_intelligence

Cablez

legendary

Activity: 1400

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I owe my soul to the Bitcoin code...

Here is a quick little representation of the mining income upon ASIC release.

The only assumptions are 2 BFL SC singles and a linear rate of difficulty adjustment per day. Not completely realistic but close.

cedivad

legendary

Activity: 1176

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Quote from: Easy2Mine on October 21, 2012, 09:05:20 AM

I have a low IQ and after reading this, I am scared now.
I fall into a scam by buying BFL asics and also buying bASIC equipment.
Will I loose my money in the near future?
Or will I aggressively adding more units to mine mining operations?
Only time will tell.

If you have low order #ids, and have 50% of orders in both companies, my speculation is that you will not lose more than 50% of your investment, with the opportunity of earning more than you invested.

A low IQ means nothing.

Easy2Mine

hero member

Activity: 854

Merit: 500

einc.io

I have a low IQ and after reading this, I am scared now.
I fall into a scam by buying BFL asics and also buying bASIC equipment.
Will I loose my money in the near future?
Or will I aggressively adding more units to mine mining operations?
Only time will tell.

bobitza

sr. member

Activity: 560

Merit: 256

Quote from: Frequency on October 19, 2012, 07:23:51 PM

Quote from: VeeMiner on October 19, 2012, 07:53:25 AM

on the other hand if you have to solve for example a malfunctioning piece of hardware, it's much easier to work with one supplier then all of them. Or if there is an ASIC 2nd generation, then BFL will refund the 1st gen and send you 2nd gen for reasonable price. At least that's what they are saying. I'm a realist, but I have high hopes for ASIC mining, so in this case I think that I'm an optimist...

well they do give lifetime garanties, mmm what if they are outrunned or run in lets say 2 or 3 years?? how the fuck can they make such promise in a speculative market as BTC is...this al sounds to damn wrong,..i don need an 140+ IQ to figger this out. . Shocked

They do NOT give a lifetime guarantee like the one you mentioned. It's called a lifetime warranty and it says that they will repair / exchange the unit if it stops functioning because of hardware failures.

They also said that they plan to have some sort of upgrade paths for older devices in case newer and better devices come along. But that's a completely different thing.

smoothie

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LEALANA Bitcoin Grim Reaper

Quote from: Morblias on October 04, 2012, 02:48:11 PM

Yep, you are all screwed. Everyone cancel your orders so I can make a lot of money.

Thanks Grin

I LOLed. Thanks for the great laugh!

Frequency

hero member

Activity: 540

Merit: 500

COINDER

Quote from: VeeMiner on October 19, 2012, 07:53:25 AM

Quote from: cedivad on October 18, 2012, 03:52:13 PM

If you really have to, place the orders on different vendors.

It's not a great idea to depend on a single one.

on the other hand if you have to solve for example a malfunctioning piece of hardware, it's much easier to work with one supplier then all of them. Or if there is an ASIC 2nd generation, then BFL will refund the 1st gen and send you 2nd gen for reasonable price. At least that's what they are saying. I'm a realist, but I have high hopes for ASIC mining, so in this case I think that I'm an optimist...

well they do give lifetime garanties, mmm what if they are outrunned or run in lets say 2 or 3 years?? how the fuck can they make such promise in a speculative market as BTC is...this al sounds to damn wrong,..i don need an 140+ IQ to figger this out. . Shocked

DobZombie

hero member

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Former curator of The Bitcoin Museum

Quote from: cedivad on October 04, 2012, 02:12:09 PM

9) after 120 days the asic market will be completely different, with people buying 1TH for 1000$

Yes, you are all screwed.

And if no super mega 1TH machines come out, I'll have made my money back in under a year, and hopefully bitcoin will be super popular (making the payoff time a lot shorter)

VeeMiner

hero member

Activity: 752

Merit: 500

bitcoin hodler

Quote from: cedivad on October 18, 2012, 03:52:13 PM

If you really have to, place the orders on different vendors.

It's not a great idea to depend on a single one.

on the other hand if you have to solve for example a malfunctioning piece of hardware, it's much easier to work with one supplier then all of them. Or if there is an ASIC 2nd generation, then BFL will refund the 1st gen and send you 2nd gen for reasonable price. At least that's what they are saying. I'm a realist, but I have high hopes for ASIC mining, so in this case I think that I'm an optimist...

cedivad

legendary

Activity: 1176

Merit: 1001

Quote from: VeeMiner on October 18, 2012, 03:04:11 PM

Quote from: Frequency on October 18, 2012, 01:55:25 PM

Quote from: cedivad on October 18, 2012, 12:02:25 PM

Quote from: VeeMiner on October 18, 2012, 11:54:59 AM

but that's not going to happen and we both know it

Scenario which is more probable is that you will actually make a lot of money on those ASICs, whatever is said in this thread...

I really doubt it and i have zero hopes on something like that to happen...

But sure, with Avalon out till at least the first of February ad BFL that will run away with the money leaving their employes trying to figure out how to buy ASIC chips on ebay... Well, that might a profitable mining period! Cheesy

In 5 weeks halving day is a fact, then it,s up to BFL and Avalon,s testbatch etc. to deliver ASIC a week later orso??..mmm i don,t know if that is a fact to.. but it,s going to be a very very intresting end of the year in BTCminingland... Cheesy

we shall see... I'm actually thinking about preordering more singles...

If you really have to, place the orders on different vendors.

It's not a great idea to depend on a single one.

VeeMiner

hero member

Activity: 752

Merit: 500

bitcoin hodler

Quote from: Frequency on October 18, 2012, 01:55:25 PM

Quote from: cedivad on October 18, 2012, 12:02:25 PM

Quote from: VeeMiner on October 18, 2012, 11:54:59 AM

but that's not going to happen and we both know it

Scenario which is more probable is that you will actually make a lot of money on those ASICs, whatever is said in this thread...

I really doubt it and i have zero hopes on something like that to happen...

But sure, with Avalon out till at least the first of February ad BFL that will run away with the money leaving their employes trying to figure out how to buy ASIC chips on ebay... Well, that might a profitable mining period! Cheesy

In 5 weeks halving day is a fact, then it,s up to BFL and Avalon,s testbatch etc. to deliver ASIC a week later orso??..mmm i don,t know if that is a fact to.. but it,s going to be a very very intresting end of the year in BTCminingland... Cheesy

we shall see... I'm actually thinking about preordering more singles...

Frequency

hero member

Activity: 540

Merit: 500

COINDER

Quote from: cedivad on October 18, 2012, 12:02:25 PM

Quote from: VeeMiner on October 18, 2012, 11:54:59 AM

but that's not going to happen and we both know it

Scenario which is more probable is that you will actually make a lot of money on those ASICs, whatever is said in this thread...

I really doubt it and i have zero hopes on something like that to happen...

But sure, with Avalon out till at least the first of February ad BFL that will run away with the money leaving their employes trying to figure out how to buy ASIC chips on ebay... Well, that might a profitable mining period! Cheesy

In 5 weeks halving day is a fact, then it,s up to BFL and Avalon,s testbatch etc. to deliver ASIC a week later orso??..mmm i don,t know if that is a fact to.. but it,s going to be a very very intresting end of the year in BTCminingland... Cheesy

cedivad

legendary

Activity: 1176

Merit: 1001

Quote from: VeeMiner on October 18, 2012, 11:54:59 AM

but that's not going to happen and we both know it

Scenario which is more probable is that you will actually make a lot of money on those ASICs, whatever is said in this thread...

I really doubt it and i have zero hopes on something like that to happen...

But sure, with Avalon out till at least the first of February ad BFL that will run away with the money leaving their employes trying to figure out how to buy ASIC chips on ebay... Well, that might a profitable mining period! Cheesy

VeeMiner

hero member

Activity: 752

Merit: 500

bitcoin hodler

Quote from: cedivad on October 18, 2012, 10:31:48 AM

Quote from: Frequency on October 18, 2012, 10:01:50 AM

Quote from: VeeMiner on October 18, 2012, 09:30:29 AM

Quote from: cedivad on October 18, 2012, 08:04:51 AM

A roi of 1 year with a difficulty x15 of what it's right now, and the hope of receiving my hardware soon.

These 2 alone are not enough, what made me really change idea is that I really think the bitcoin economy to grow of several orders of magnitude in the future. I will mine to keep, not mine to sell.

It's a bet.

I have the same feeling. However I also want to use some of the coins I mine, because the economy won't grow if everyone will only hoard coins...

I think as long as there is SR and BMR markets out there BTC will survive for the good or the bad..there are a lot more srry to say so addicts who must find out about BTC still out there...

I also think that own a GPU@800Mh now will be the same as own a SC@60Gh in 6 months (IF ASIC,s are 4real) so not that mutch will change except that the network security will be better off also 2many preorderd people counted themself to rich i think, BFL and other comp. took adventage of that...we will see

The only thing is that really, we will see. There are too many variables by far in this game. I will be happy if my ASIC will return me 50% of the investment before becoming obsolete! Tongue

(yes, i'm serious).

but that's not going to happen and we both know it

Scenario which is more probable is that you will actually make a lot of money on those ASICs, whatever is said in this thread...

cedivad

legendary

Activity: 1176

Merit: 1001

Quote from: Frequency on October 18, 2012, 10:01:50 AM

Quote from: VeeMiner on October 18, 2012, 09:30:29 AM

Quote from: cedivad on October 18, 2012, 08:04:51 AM

A roi of 1 year with a difficulty x15 of what it's right now, and the hope of receiving my hardware soon.

These 2 alone are not enough, what made me really change idea is that I really think the bitcoin economy to grow of several orders of magnitude in the future. I will mine to keep, not mine to sell.

It's a bet.

I have the same feeling. However I also want to use some of the coins I mine, because the economy won't grow if everyone will only hoard coins...

I think as long as there is SR and BMR markets out there BTC will survive for the good or the bad..there are a lot more srry to say so addicts who must find out about BTC still out there...

I also think that own a GPU@800Mh now will be the same as own a SC@60Gh in 6 months (IF ASIC,s are 4real) so not that mutch will change except that the network security will be better off also 2many preorderd people counted themself to rich i think, BFL and other comp. took adventage of that...we will see

The only thing is that really, we will see. There are too many variables by far in this game. I will be happy if my ASIC will return me 50% of the investment before becoming obsolete! Tongue

(yes, i'm serious).

Frequency

hero member

Activity: 540

Merit: 500

COINDER

Quote from: VeeMiner on October 18, 2012, 09:30:29 AM

Quote from: cedivad on October 18, 2012, 08:04:51 AM

A roi of 1 year with a difficulty x15 of what it's right now, and the hope of receiving my hardware soon.

These 2 alone are not enough, what made me really change idea is that I really think the bitcoin economy to grow of several orders of magnitude in the future. I will mine to keep, not mine to sell.

It's a bet.

I have the same feeling. However I also want to use some of the coins I mine, because the economy won't grow if everyone will only hoard coins...

I think as long as there is SR and BMR markets out there BTC will survive for the good or the bad..there are a lot more srry to say so addicts who must find out about BTC still out there...

I also think that own a GPU@800Mh now will be the same as own a SC@60Gh in 6 months (IF ASIC,s are 4real) so not that mutch will change except that the network security will be better off also 2many preorderd people counted themself to rich i think, BFL and other comp. took adventage of that...we will see

cedivad

legendary

Activity: 1176

Merit: 1001

Quote from: VeeMiner on October 18, 2012, 09:30:29 AM

Quote from: cedivad on October 18, 2012, 08:04:51 AM

A roi of 1 year with a difficulty x15 of what it's right now, and the hope of receiving my hardware soon.

These 2 alone are not enough, what made me really change idea is that I really think the bitcoin economy to grow of several orders of magnitude in the future. I will mine to keep, not mine to sell.

It's a bet.

I have the same feeling. However I also want to use some of the coins I mine, because the economy won't grow if everyone will only hoard coins...

BTC is imo both a "storage" and an "online" concurrency. You can use it either to safely store your money and to pay online.

Spending your BTC in stupid online stuff will not help the btc economy to grow, only an increase of demand of btc would.

What we should do is to create business that accept bitcoins, or find new alternative ways to persuade existing e-commerces to accept bitcoins.

We have to push them, to give them a solid reason.

Buying coffee online will not help us.

bobitza

sr. member

Activity: 560

Merit: 256

Quote from: VeeMiner on October 18, 2012, 09:30:29 AM

I have the same feeling. However I also want to use some of the coins I mine, because the economy won't grow if everyone will only hoard coins...

+1

Gotta spend a little bit so that the economy gets moving. If everybody hoards, no more transactions, people leave, BTC value goes down the drain.

VeeMiner

hero member

Activity: 752

Merit: 500

bitcoin hodler

Quote from: cedivad on October 18, 2012, 08:04:51 AM

A roi of 1 year with a difficulty x15 of what it's right now, and the hope of receiving my hardware soon.

These 2 alone are not enough, what made me really change idea is that I really think the bitcoin economy to grow of several orders of magnitude in the future. I will mine to keep, not mine to sell.

It's a bet.

I have the same feeling. However I also want to use some of the coins I mine, because the economy won't grow if everyone will only hoard coins...

cedivad

legendary

Activity: 1176

Merit: 1001

Quote from: deeplink on October 18, 2012, 08:27:50 AM

Quote from: cedivad on October 18, 2012, 08:04:51 AM

A roi of 1 year with a difficulty x15 of what it's right now, and the hope of receiving my hardware soon.

These 2 alone are not enough, what made me really change idea is that I really think the bitcoin economy to grow of several orders of magnitude in the future. I will mine to keep, not mine to sell.

It's a bet.

Fair enough. I guess the odds are better than playing the lottery.

I sincerely wish you good luck.

Haha, really funny.
Yes, you are right, i have better odds than that case, with the difference that i don't play the lottery/whatever other similar game, i consider that a tax on the poors.

Thank you for your wishes

Topic: here's just how screwed ASIC buyers are - READ THIS if you have a preorder - page 6. (Read 23355 times)