Is this a scam? | Bitcointalksearch.org

Puppet

legendary

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Quote from: muyuu on September 05, 2012, 04:28:15 AM

It's really annoying that nobody seems to have them ready to ship, but they will take orders 2+ months in advance despite the risk of missing the reward halving.

Its because of those risks and the risk of other ASICs coming out earlier or taking preorders earlier. Its understandable from the supplier POV; if you wait until november or maybe even december and you have shelves full of products ready to ship before taking orders, you may find the market saturated already by one of the other vendors, difficulty above 100M and prices in the toilet. Preorders is selling this risk to customers. BFL started it, others have no choice but follow. There are now 4 asic producers saying they will have product this year. Its a big gamble, not everyone will win. I think most will lose.

muyuu

donator

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It's really annoying that nobody seems to have them ready to ship, but they will take orders 2+ months in advance despite the risk of missing the reward halving.

Lethos

sr. member

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Keep it Simple. Every Bit Matters.

They are a small but reputable FPGA provider, done a good job so far.
It's sad they choose to go the pre-order route of purchase with all the bad feelings BFL gets for doing it.
The one positive is there is an increase in competition in ASIC.

crazyates

legendary

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Quote from: mpradeep on September 04, 2012, 11:31:17 PM

Not when their lead times are 70-90 days. Even 4 weeks is also a big lead time for me

Their lead times are now just about a month, according to recent figures. Even the MMQ had lead times around 4 weeks.

mpradeep

member

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Not when their lead times are 70-90 days. Even 4 weeks is also a big lead time for me

crazyates

legendary

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Quote from: mpradeep on September 04, 2012, 11:22:14 PM

Well said fcmatt,

Till two days back i see people selling FPGA miners for 1069$ which gives 800-850MH/s.
Now all of a sudden they are saying that they will give ASIC 27GH/s miner for the same 1069$.

a 30X increase overnight. I have plans to buy a FPGA miner, but after seeing the news i am completely opting out

They dont have a prototype and complete specs. Pretty sure they are not going to deliver that

Even if i am completely wrong and those ASIC guys deliver what they said they will deliver. It will still be same as today for those who brought those ASIC miners as they will have the todays equivalent (FPGA's) because of difficulty peak. (may be those who test the product itself will increase the difficulty rate so that by the time it first falls into the hands to customers difficulty would have peaked)

In either case i dont see a point in buying irrespective of ASIC guys delivering or NOT

Like to hear a counter argument

Just do what I'm doing: Buy BFL Singles, a known and popular FPGA, and then when the ASIC comes out, just buy upgrades to the 40GH/s units.

mpradeep

member

Activity: 86

Merit: 10

Well said fcmatt,

Till two days back i see people selling FPGA miners for 1069$ which gives 800-850MH/s.
Now all of a sudden they are saying that they will give ASIC 27GH/s miner for the same 1069$.

a 30X increase overnight. I have plans to buy a FPGA miner, but after seeing the news i am completely opting out

They dont have a prototype and complete specs. Pretty sure they are not going to deliver that

Even if i am completely wrong and those ASIC guys deliver what they said they will deliver. It will still be same as today for those who brought those ASIC miners as they will have the todays equivalent (FPGA's) because of difficulty peak. (may be those who test the product itself will increase the difficulty rate so that by the time it first falls into the hands to customers difficulty would have peaked)

In either case i dont see a point in buying irrespective of ASIC guys delivering or NOT

Like to hear a counter argument

fcmatt

legendary

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i grow weary of people talking about products for "sale" yet they do not have it in hand to sell.
gets old fast.

it will only lead to trouble in some fashion. this is bitcoin after all. i will let it play out and others
can reap the rewards for the risk. I will mine my gpus into the ground.

1l1l11ll1l

legendary

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