Topic: Liquid Synergy Designs Inc. -ASIC mining hardware - page 122. (Read 423279 times)

I have already paid for chips, assembly and hosting, so I called it a round figure of $300 for 1 K16 even though the actual cost was probably more considering what exchange rates were when I paid for my miners. I believe the terms of Steamboat's hosting is 8% of revenue, if I'm recalling correctly, so I entered that as an 8% pool feel, though 10% might be more realistic. *If* Yifu actually ships all of the back-ordered chips, difficulty is going rise sooner & faster, so this is optimistic:

http://mining.thegenesisblock.com/a/c3abe81c11

This scenario also assumes the K16 started hashing *today*, and after 12 months, still mining at a loss.

If we don't have any tracking info within the next 2-3 days, we need to start urging Steamboat to find ways to salvage at least some of the money we've paid in the way of reselling components & supplies.

Yifu should hope that he and I never meet one another in person.

Here's what my calculations have come up with. This is for 2x K16, 9000 Mh/s (no overclocking), 2x32 Watts each, $0.10 kw/h electricity cost (my cost off my bill), and assuming $300 per K16 cost, 25% increase in difficulty a month, starting at 65 million (right now). I used https://bitclockers.com/calc

I do not call this an "optimistic" projection with 25% increase in a month. Break even point is 10 weeks with this projection. Let's admit that isn't great, but it's not bad either.
   
   
                          24 hours              1 month             1 year               90 days
Est difficulty:    65,000,000      81,250,000     945,874,490    125,794,251
BTC earned:    0.06963427    2.08902818    9.68643337    5.06324722
Revenue:            $ 8.38           $ 251.44             $ 1,165.86            $ 609.41
Power cost:    $ 0.15             $ 4.61                 $ 56.06            $ 13.82
Net revenue:    $ 8.23            $ 246.83             $ 1,109.80            $ 595.59

A month ago it would have been double that.

So, if you have 2xK16 in Batch one (like I do), you'll still make ROI, at least, some kind of ROI. I also have some in later batches...which of course are more suspect. But, it's not going to be the end of the world, as some have predicted. Just the end of crazy ROI and the end of greed.

*edited in response to above*. You're still gonna make $550 a year, projected, per K16 at current difficulty levels. If the difficulty increases again before we get them, it will depend on the value of Bitcoin. Still, you'll probably make what you put into it.

    

Even the most optimistic predictions have us not making roi at this point.

is steamboat still alive ?

Depends on difficulty; no one can know the future.

Not sure what calculator you're looking at -- ROI is pretty much gone.

I'm hoping that they may actually get to Steamboat before middle of September.

We'll probably still make ROI, just not as much ROI as we were looking for...heh.   

emailed steamboat twice over 5 days with no response.

If you have chips you would like to sell from the 2013-05-01 batch please PM me

You could always have him bolt the heatsink and fan onto the board and send it to you then sell it on craigslist in the things no one wants category.

Only speculating here, but many parts have been ordered just to build the boards themselves. I'd assume those boards are useless without the chips, and that would mean he would need to pay to have all those boards broken down again for re-sale, even if possible at used prices since all items have been placed on a board.

I'm part of batch 2 and just hope they get here ASAP as ROI will be difficult but that was the risk I took along with everyone else here.

Hopefully it will work out and we can put this all past us in the coming weeks.


Kosta

^^+1 as well

I would also like to explore the complete 'salvage' options.  1) What can we reclaim from the board assembly percent wise. 2) If possible the Avalon chip refund. 3) Can we somehow reinvest this into a future project?

I can't seem to find the thread but I thought Y I Fu was talking about 'processing refunds', but that might have just been Avalon Miners from Batch2-3.

Yeah This ^  +1
I purchased assembly for batch 6 chips.  I am not likely to see ROI anytime soon on that.   

Hi Steamboat,

I hate to be the one to ask this, but think it is important to understand given the lack of group buy shipments so far (despite Yifu's recent promises.)

In the event that Yifu either: a) does not ship the chip batches or b) ships the chip batches so late that it does not make any remote economical sense to mine with K16s (for example difficulty is already 1000M), then what are the options for those who purchased assembly services?

Obviously chip buyers own the full loss on the chip side, but for assembly costs it seems some cost recovery should be possible (e.g. assembly services not performed, resale of components purchased, etc).

Have you started to consider this, if so what is the situation?

I do not mean to start a flame war or mess here, but not receiving chips at all or in time is a legitimate possibility now, so I think it would help group buy participants to understand what happens in that case.

Thanks,

So if Avalon are shipping 4-5 batches of chips each day as claimed, WHERE are those chips going? A couple of group buy batches have shipped, but where are the rest?

I'm tired of Avalon's lies, tired of the allegations they sold our chips out form under us, tired of the ridiculous organized crime stories. But mostly, I'm tired of being kept in the dark by Avalon. They do "updates" that are at best incomplete, and at worst outright lies.

I'm going to try and take a break from Bitcoins over the weekend, and re-evaluate my continued involvement (beyond the screwing I'm already taking) with the technology/currency.

It's my sincere hope that by Monday Steamboat will have posted an update for us. I know he's being kept in the dark, and there are undoubtedly things he's working on to resolve the issue that he can't or won't mention here. Or perhaps he feels that waiting it out is still the best course of action.

My personal feeling is that the claimed 40-50k of chips shipped each day is an outright lie, designed to buy them time. I believe there is enough evidence at this point to open a criminal investigation. I'm baffled that this hasn't already been done. Again, it is my strong PERSONAL belief is that waiting is not appropriate in this situation.

Everyone have a nice weekend, and may we all eventually receive what we paid for before it becomes COMPLETELY useless.

I think so many people cancelled their orders that it's sped up the queue.

Haha ya, I just received my December Jalapeno.

Didn't see that coming before these,

_theJestre

seems like BFL has finally got their shit together, hope everything here goes smoothly

I wish I could say the same. If I had ordered jalepenos they would be about to ship. I have a single and little single coming however so I am kind of screwed. Curse you, BFL! 

Well, I didn't think this was going to happen-  My butterfly order shows shipped before I received my K16s.  Wish it would have been the other way around.