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Topic: BPMC Launch BF1 USB miner - probably the fastest USB miner in the World - page 8. (Read 42060 times)

full member
Activity: 186
Merit: 100
If I had the money I would buy some and quickly sell them for double on ebay.
It seemed to work well for people when the BE's came out.

Notice we are not selling them on Ebay?
Is that your way of saying "buy a bunch in a batch so you can resell and flip them for profit instead of mine on them like they are desinged for"

+1  ^this. Methinks they'll hardly ever ROI so they were actually just made for being resold, not mining  Grin http://en.wikipedia.org/wiki/Greater_fool_theory‎
legendary
Activity: 1428
Merit: 1001
Okey Dokey Lokey
If I had the money I would buy some and quickly sell them for double on ebay.
It seemed to work well for people when the BE's came out.

Notice we are not selling them on Ebay?
Is that your way of saying "buy a bunch in a batch so you can resell and flip them for profit instead of mine on them like they are desinged for"
hero member
Activity: 924
Merit: 1000
If I had the money I would buy some and quickly sell them for double on ebay.
It seemed to work well for people when the BE's came out.

Notice we are not selling them on Ebay?
member
Activity: 100
Merit: 10
If I had the money I would buy some and quickly sell them for double on ebay.
It seemed to work well for people when the BE's came out.
hero member
Activity: 924
Merit: 1000
So the 'possible' but not likely, break even BTC price for 2.2GH/s mining is now ~0.65BTC if you get it today - i.e. unlikely to do much better than ~0 BTC profit if you pay 0.65BTC for 2.2GH/s

That's assuming 20% per diff change, which the average over the last 10 diff changes has been higher than 20% (the last 4 have been almost 30% or more)

i.e. at 20% diff each change, 100 days mining, 2.2GH/s = ~ 0.54294555 BTC
at 20% diff each change, 200 days mining, 2.2GH/s = ~ 0.65738121 BTC

N.B. those BTC return numbers are VERY likely to be an over estimate.

Was the price posted?

2.3 - 2.7 Gh/s is the range I think Kevin was getting when burning in.
legendary
Activity: 4634
Merit: 1851
Linux since 1997 RedHat 4
So the 'possible' but not likely, break even BTC price for 2.2GH/s mining is now ~0.65BTC if you get it today - i.e. unlikely to do much better than ~0 BTC profit if you pay 0.65BTC for 2.2GH/s

That's assuming 20% per diff change, which the average over the last 10 diff changes has been higher than 20% (the last 4 have been almost 30% or more)

i.e. at 20% diff each change, 100 days mining, 2.2GH/s = ~ 0.54294555 BTC
at 20% diff each change, 200 days mining, 2.2GH/s = ~ 0.65738121 BTC

N.B. those BTC return numbers are VERY likely to be an over estimate.

Was the price posted?
hero member
Activity: 924
Merit: 1000
I think out of the whole bunch that were fabbed 2 units failed to hash. Pretty good news I think for those ordering BitFury chips.
hero member
Activity: 630
Merit: 501
Miner Setup And Reviews. WASP Rep.
newbie
Activity: 40
Merit: 0
Anyone doing a uk buy?
hero member
Activity: 630
Merit: 501
Miner Setup And Reviews. WASP Rep.
Really wish you would release name of what hub is in pictures.
It has already been released in another thread. Here.


I already bough 8 of them, you can mine 18 Biitfury BF1's in one hub no problem (you can only get 2 in the side ports as they clash).

Speak to Jason: sales-1@dipo-electron.com, plz mention my name in any contact and pm me before.

Jason
Mob:+86 15012810165
Tel:+86 0769 82160202-85
Fax:+86 0769 82160402-88
Skype:diposales01
MSN:diposales01@hotmail.com
Email:sales-1@dipo-electron.com
Web:www.dipo.net.cn
www.dipo-electron.com
Address:No.1,Third Reservoir Industry Road,Guanjingtou Village,FengGang Town,DongGuan,China

cheers,
kev
legendary
Activity: 1456
Merit: 1000
Really wish you would release name of what hub is in pictures.
full member
Activity: 180
Merit: 100
Anybody who is interested in purchasing with no MOQ have a look here.
https://bitcointalksearch.org/topic/--294009
Limited quantity left so if you want some get in early.

Huh? Topic deleted already?
hero member
Activity: 630
Merit: 501
Miner Setup And Reviews. WASP Rep.
Anybody who is interested in purchasing with no MOQ have a look here.
https://bitcointalksearch.org/topic/fastest-usb-miner-in-the-world-25-ghs-294010
Limited quantity left so if you want some get in early.

Edit: fixed the link.
hero member
Activity: 924
Merit: 1000
https://bitcointalksearch.org/topic/m.3129979 <--- How to order from this current batch.

Future batches? We have yet to organize that yet.
hero member
Activity: 560
Merit: 500
I'd like to get involved from Canada

Would be great if you shipped to one of your COOP members in us.  Re-shipped from there, makes shipping much better.

We do have a few members in the US and will definitely look at resellers should there be enough interest. First we need to clear this batch off decks. One challenge at a time.
hero member
Activity: 854
Merit: 500
I'm ready to buy them with price no more than 0.75BTC

That is my number exactly, but by October it will be less
hero member
Activity: 924
Merit: 1000
Would be great if you shipped to one of your COOP members in us.  Re-shipped from there, makes shipping much better.

We do have a few members in the US and will definitely look at resellers should there be enough interest. First we need to clear this batch off decks. One challenge at a time.
full member
Activity: 476
Merit: 100
Delivery and difficulty are the main concerns for further BF1 runs and getting those estimated properly will be tricky. Risky venture it is with USB miners but there certainly is a thrill putting something out into the marketplace for the community to mine on. Hope the difficulty window doesn't kill off the USB miners just yet.

With the chip being $30, the manufacturing costs being maybe $15 on the very high side, and then a standard 100% markup for retail leaves us at a price point of $90 USD.

Each $30 chip, assuming they are delivered and running on November 12, will return 0.32BTC in their lifetimes.
When you use just one chip (no marginal costs), You are paying $93/BTC
When you add manufacturing costs, You are paying $45 for 0.32BTC = $140/BTC
When you add consumer markup, You are paying $90 for 0.32BTC = $280/BTC

You can buy Bitcoins today for $120 on bitstamp.  Who in their right mind would pay $30/chip from bitfury, go through the headache of manufacturing boards, and slowly get BTC over the course of 6 months, when they can buy even more BTC on bitstamp right now for less money then it would take to manufacture boards?

I'm actually very impressed that bitfury priced this out so that the chips + manufacturing costs seem to be exactly todays exchange rate on MTGOX.  They must think that contract manufacturers are not good at math/business/economics and will continue to overpay for these chips.

Follow the link below to see that 1 chip, running by november 12, will only ever return 0.32BTC

http://www.btcinvest.net/bitcoin-mining-profit-calculator.php?diff=86933017.771194&dcosts=100&diff_mincrease=25&blpbtc=25&dhsmhs=2500&diff_mincreasedecrease=1&btcusd=129.16&dpowcon=5&btcusd_mincrease=0&pcost=0.25&calcweeks=32&dleadtime=5&action=calc
hero member
Activity: 546
Merit: 500
Owner, Minersource.net
Would be great if you shipped to one of your COOP members in us.  Re-shipped from there, makes shipping much better.
I have been talking to them about that, to streamline things.
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