Topic: I'm starting to get fucking pissed (BFL) - page 4. (Read 13694 times)

A 60GH single delivered today makes $3,410 a month, Syke and facts, bleh

If you order a single now, then BFL will still use 3-4 times longer (ie, almost a year) than the others to deliver you a product, and you will be upset looking at your calendar... 6 th of May 2014, and reading on their forum... "Next week or so, we'll start shipping, I think...." ;-)

Singles cost 200 btc back then and now generate 1 btc per day. ROI is already at 6 months assuming no difficulty increases. But as we all know, there's lots of increases on the way. A single delivered now will never break even.

If you could order now and get a single, then nobody would be upset with BFL and this thread would not exist.

And ROI for $2500 (~26 BTC) for a BFL Single ordered today, arriving today and mining at today's difficulty is a month, not a week. But that situation is impossible, since for an item ordered today to be delivered by BFL their entire back log would have to be delivered. That backlog would at least double and probably triple difficulty. So you are looking at 2 months and more likely 3 months (assuming zero growth in difficulty) for ROI to be positive on a single ordered and delivered today.

In reality, the single would not be delivered until September (if Josh finally keeps a promise about when things ship) or more likely later in the fall or even winter. That means those 2 million Avalon chips that just arrived need to be added to the hash rate as well. That is another 550 TH/s which would bring difficulty to over 80 million. Then you have to hope that neither Bitfury nor KNC deliver. You have to hope that ASICMiner doesn't dump more mining power in as well. That is a pretty grim outlook.

People who ordered from BFL last summer would have been better off just keeping their BTC instead of trying to mine for it with BFL equipment. There is no way they will earn all that BTC back. 

I guess the guy with 90 k USD missed the train already, again!

(bitfury mining gear is now for sale)

Is easy to say when  you have

90k USD sitting around waiting for something cool or intresting

Sorry to say asshat but a lot of normal ppl DO NOT have this luxury..

The problem wasn't "money was tied up with bfl" it was "ordering an avalon was random and frustrating because of f-tarded order site" and "asicminer goes against everything bitcoin is about"

So ok, it would have been nice to clear a thousand bucks a day for awhile. But honestly, people are just too greedy. Whenever you get your BFL orders it's still going to make money, and it would have been stupid to not upgrade if you already had fpga gear from them.

If for example you got your 60gh single upgrade right now... ROI in under a week. If it's in a month or 2 from now... maybe it takes 2 or 3 weeks. There's no reason after waiting this long to cancel any order imo... much less an upgrade order.

And yes I actually have a bunch of bfl orders (I even did some upgrades after the 60gh went away and the price went up - just to get discounts from my last 2 fpga). But I also have ~90k usd sitting around waiting for a legitimate hardware vendor to offer a good delivery time on a decent product.

As much as you guys want avalon and/or asicminer to be that product is just simply isn't. I can understand the geek-out over avalon chips since you can apparently actually get those. You may never regret those orders either, but you will be shutting them off much much sooner than anyone using a bfl product.

The thing everyone has to understand is... this isn't a video game, nobody gets completionist acheivements at life. So stop getting all bent out of shape and take a look at your situation with a fresh attitude. Traditional investments earning 100% per year are unheard of (except for scams)... even if it takes you a year to get what you order, once you roi in 2 weeks you shouldn't care.

The sooner you get a refund, the sooner you can buy a quality product from people who know what they're doing.

https://megabigpower.com/shop/index.php?route=product/product&product_id=61

So you didn't get a refund, and now you missed the train on the avalon klondikes first batches too?
You know they're going to be delivered far ahead of BFL, right?

Just because they didn't deliver yesterday, doesn't mean they are going to deliver tomorrow. Remember the Gamblers Fallacy?

Get out while you can

If Landlord was just like BFL they would kick out BFL when they start bitching about the rent increases...Hence they are being shortsighted

2 Months later.. And nothing. Reminder: I am within the first month of pre-orders and I am coming from an upgrade.

Walder Frey gives BFL 2 thumbs up.



What could possibly go wrong?

anyone want to buy a batch of BFL chips and then call them up for their consulting help in building an ASIC pcb design & manufacture??

http://www.butterflylabs.com/consulting/

Don't forget the imminent release and pre-ordering of their new 500 gh/s Mini-Rig anyday now...

(As mentioned at Bitcoin 2013, something about two weeks from then)

Seeing as BFL doesn't even have a working production model of the single and the Jalapeno units they're shipping out seem to be constructed like prototypes, not on a production line. I personally wouldn't hold out much hope. They haven't demonstrated the production capacity to fill their current orders and are now selling chips as well. There is no reason to think they will deliver to you at all, let alone soon. If they were shipping 40 Jalapenos a day (which is still not many) then maybe you'd have a chance.

The only reason to hold on is if you believe they can massively increase their production in the near-term. If you really think this is possible then you might conceivably make your investment back. Try to take away the fact that you've been waiting this long and the gold-rush mentality. Then make an objective judgement.

Do they have affiliate programs? I'd like to promote the shit out of them.

Now, I've been drinking, but memory serves I don't think anyone else was shipping and or close to shipping this time last year. BFL got the lion's share because they were first to pre-order. I could be wrong about the timing though.

glendall - boondoggle is a great word for this situation. two points.

I think all the early pre-orderers are a bit upset that they could have made a ridiculous amount of money if they had gone with either Avalon or ASICMiner.  *sigh*

I just called them right now. Their automated system said June/July orders are shipping out first this month, any newer orders are shipping July (this year). Yeah Bull Shit.

Really unfortunately, I don't think this is the case.  It looks like BFL is still selling a few hundred units a day, I think it was between 250 and 400 on average.

The unwashed Internet masses are not as informed as us who follow the forums.  People are still handing over tons of cash to BFL with no idea that they stepping into a semi illegitimate boondoggle. 

In the best of cases it's a complete fabrication to promise any timely delivery of 'pre-orders' when there are untold thousands of orders before yours already made, and the company hasn't even been able to finalize a prototype yet.