Topic: How do ASICS protect the network again? (Read 4969 times)

Quote from: BCMan on June 13, 2012, 06:42:45 PM

cablepair, it shouldn't matter to you who gets ripped off because they bought an ASIC and who doesn't. If you don't like ASICs, then don't buy them. But don't complain because other people who might buy them might get ripped off. It is certainly up to each individual as to whether they want to take the risk and buy it or not.

FWIW, my BFL FPGA's have already paid themselves off, so I won't have to worry about any ASIC payback period whatsoever - no matter how much or how little the payback is, it's still free money.

SgtSpike, I have always respected you but you have totally and completely missed my point here.

Well, I appreciate that, and I will agree that I have missed your point if what I said didn't relate.

All I have heard from you is that ASIC miners have the potential to not pay themselves back within a reasonable time period. Ok, I will agree that there is a risk of that happening. But I still say, so what? Let each person make his own decision as to whether he wants to risk being an early adopter of ASIC technology or a later adopter.

Quote from: cablepair on June 13, 2012, 06:38:17 PM

FWIW, my BFL FPGA's have already paid themselves off, so I won't have to worry about any ASIC payback period whatsoever - no matter how much or how little the payback is, it's still free money.

Lolwhat?

Actually, I take that back. They've ALMOST paid themselves off. They will be paid off within a month.

Bought 10, sold 6 to pay for 9, and the 10th is still being paid off through mining.

So you sold 6 for 50% more price, than new ones? Shocked

Pretty close, yeah.

it really has nothing to do at all with payback period etc I dont give a rats ass about any of that

my reference to price has to do with the security of the Bitcoin network and the potentials for abuse of the Bitcoin network based on the price comparison to build an asic and the prices that they will be sold at

I was also just correcting certain people who actually think asic mining manufacturers are going to be good guys and sell us these devices dirt cheap so everyone can have them and we can have a happy safe secure and distributed network

that in a nutshell was the motivation behind why I was talking about price

I thank you for your conversation Mr. Spike, your level of maturity here was well received and appreciated in comparison to some individuals who I will not mention, and with that I bid you a good day as I have a busy evening ahead of me processing fpga orders and fielding emails.
take care!

SgtSpike

legendary

Activity: 1400

Merit: 1005

Quote from: BCMan on June 13, 2012, 06:42:45 PM

cablepair, it shouldn't matter to you who gets ripped off because they bought an ASIC and who doesn't. If you don't like ASICs, then don't buy them. But don't complain because other people who might buy them might get ripped off. It is certainly up to each individual as to whether they want to take the risk and buy it or not.

FWIW, my BFL FPGA's have already paid themselves off, so I won't have to worry about any ASIC payback period whatsoever - no matter how much or how little the payback is, it's still free money.

SgtSpike, I have always respected you but you have totally and completely missed my point here.

Well, I appreciate that, and I will agree that I have missed your point if what I said didn't relate.

All I have heard from you is that ASIC miners have the potential to not pay themselves back within a reasonable time period. Ok, I will agree that there is a risk of that happening. But I still say, so what? Let each person make his own decision as to whether he wants to risk being an early adopter of ASIC technology or a later adopter.

Quote from: BCMan on June 13, 2012, 06:42:45 PM

FWIW, my BFL FPGA's have already paid themselves off, so I won't have to worry about any ASIC payback period whatsoever - no matter how much or how little the payback is, it's still free money.

Lolwhat?

Actually, I take that back. They've ALMOST paid themselves off. They will be paid off within a month.

Bought 10, sold 6 to pay for 9, and the 10th is still being paid off through mining.

So you sold 6 for 50% more price, than new ones? Shocked

Pretty close, yeah.

rjk

sr. member

Activity: 448

Merit: 250

1ngldh

FWIW, my BFL FPGA's have already paid themselves off, so I won't have to worry about any ASIC payback period whatsoever - no matter how much or how little the payback is, it's still free money.

Lolwhat?

Actually, I take that back. They've ALMOST paid themselves off. They will be paid off within a month.

Bought 10, sold 6 to pay for 9, and the 10th is still being paid off through mining.

So you sold 6 for 50% more price, than new ones? Shocked

Yeah, apparently people pay that much for them, when they don't have to wait for shipping delays.

BCMan

hero member

Activity: 535

Merit: 500

FWIW, my BFL FPGA's have already paid themselves off, so I won't have to worry about any ASIC payback period whatsoever - no matter how much or how little the payback is, it's still free money.

Lolwhat?

Actually, I take that back. They've ALMOST paid themselves off. They will be paid off within a month.

Bought 10, sold 6 to pay for 9, and the 10th is still being paid off through mining.

So you sold 6 for 50% more price, than new ones? Shocked

cablepair

hero member

Activity: 896

Merit: 1000

Buy this account on March-2019. New Owner here!!

cablepair, it shouldn't matter to you who gets ripped off because they bought an ASIC and who doesn't. If you don't like ASICs, then don't buy them. But don't complain because other people who might buy them might get ripped off. It is certainly up to each individual as to whether they want to take the risk and buy it or not.

FWIW, my BFL FPGA's have already paid themselves off, so I won't have to worry about any ASIC payback period whatsoever - no matter how much or how little the payback is, it's still free money.

SgtSpike, I have always respected you but you have totally and completely missed my point here.

SgtSpike

legendary

Activity: 1400

Merit: 1005

FWIW, my BFL FPGA's have already paid themselves off, so I won't have to worry about any ASIC payback period whatsoever - no matter how much or how little the payback is, it's still free money.

Lolwhat?

Actually, I take that back. They've ALMOST paid themselves off. They will be paid off within a month.

Bought 10, sold 6 to pay for 9, and the 10th is still being paid off through mining.

BCMan

hero member

Activity: 535

Merit: 500