Topic: High Efficiency FPGA & ASIC Bitcoin Mining Devices https://BTCFPGA.com - page 84. (Read 218478 times)

qft

As of today we are taking pre-orders for shipment in November/December
If for some reason we cannot ship on time we will certainly offer full refunds to those who request them.

The economic majority can always choose to not upgrade. I know if Gavin did something as absurd as changing the algorithm without good justification, I'd be willing to support a fork, and I doubt I'm the only dev who would.

Edit: I highly doubt Gavin would attempt such a thing, btw.

Mining majority is actually harder to achieve provided you are Gavin and your client, solely under your control, is by far the most popular. Or isn't it any more? In any case he'd need at most the collaboration of 2-3 key people to achieve that.

Mining majority is not the same thing as economic majority.

Lets continue the spirit of speculation, say you pay 20% of the cost with BTC at $10 Later your ordered "product" ships however the market rate for BTC drops to lets say $6.4. That BTC you set aside to pay is not adequate to fill the order.

He can propose though. In the past he's always pushed his proposals successfully, with or without opposition. Only 4 or the top 5 pools required at the moment. Maybe there's plenty of FPGA mining power there though, not sure how would they adapt to a potentially new algorithm, even if still SHA based.

Whoa, finally, exactly what I've been waiting for! A competitor in the ASIC market! I'm so excited! 1 year warranty, open source, good price point and estimated speed. I'm glad I stayed away from that other company with their poor business practices of demanding the full price of the product months in advance of delivery with no guarantee how the finished product will perform. Now I can place an order for a bunch of these... oh. You want all my money now? For delivery in Nov/Dec? Hmm, nothing different here after all.

All sarcasm aside, can we please not make this the norm for bitcoin hardware? I could completely understand a 10-20% deposit fee to make sure your customers are serious. Requiring full payment in advance to me screams one of two things:

1) You're not confident in your ability to design a working product, so you'd rather risk customer's money than your own. I don't like other people gambling with my money.

2) You're greedy, and want to take my money now so you can sit on the interest and milk everything you can from your customers.

To be honest I don't know which of these options I find more repulsive, but I can't think of another legitimate reason to require full payment in advance. I just wish someone would get a company going that I can actually respect, so that I can get into the ASIC game. But I will quit mining before I hand my money off to someone for something that they haven't made yet. I just wish more people weren't blinded by greed, throwing money at anyone who promises them a magic money box sometime in the future.

Gavin doesn't have that power. A change in the mining algorithm would require support from the economic majority. There's not too much chance of that happening.

Also, imagine that Gavin's September announcement was a change in the mining algorithm. LOL.

I ordered and paid but when I check on your website it says there is no order or transaction history?

Place an order with BFL right now. Good luck getting it before March

October shipment > November/December shipment