Mini Rig announcement by Butterfly Labs - 25gh/s - page 6.

JWU42

legendary

Activity: 1666

Merit: 1000

Quote from: ice_chill on May 07, 2012, 09:36:38 AM

He is talking about difficulty increasing ? at some point in Bitcoin history the difficulty was so low that you could profitably mine with 200Kilohash (0.2Mhash) since then the difficulty has increased exponentially, much more than 5 times! but it's still profitable. That guy is stupid and ignorant as he does not understand basic maths.
I don't even know why I bothered replying to this.

IC...

I am taking to absolute numbers. I do not foresee the difficulty being > 7.5M by years end. Agreed it has increased a huge amount since inception but is about unchanged since last May...

ice_chill

sr. member

Activity: 336

Merit: 250

He is talking about difficulty increasing ? at some point in Bitcoin history the difficulty was so low that you could profitably mine with 200Kilohash (0.2Mhash) since then the difficulty has increased exponentially, much more than 5 times! but it's still profitable. That guy is stupid and ignorant as he does not understand basic maths.
I don't even know why I bothered replying to this.

JWU42

legendary

Activity: 1666

Merit: 1000

Quote from: bulanula on May 07, 2012, 09:15:30 AM

Quote from: ice_chill on May 07, 2012, 09:08:59 AM

Quote from: Desolator on May 07, 2012, 07:45:54 AM

Take a look at the wait list. Everyone who gets one is going to be screwed. Right now it pays for itself in 6.6 months not counting electricity. When that many people have one, the difficulty will go up like 5x and they'll all be getting next to nothing. I wouldn't get one if they were free because it won't even pay for electricity as soon as too many people have one. He should have just built one and kept it Tongue

Most uneducated and uninformed post I have ever encountered on this forum.

Yeah right. The guy is stating the obvious but you all BFL fanboys are failing to see it.

Good luck with your big boxes !

Is the Raspberry Pi included with the Mini rigs ?

Any news on that EU VAT avoidance plan you guys had ? EU reseller ?

"like 5x difficulty increase" -- assuming over 6-9 months (he doesn't say).

I'll take that bet all day long

bulanula

hero member

Activity: 518

Merit: 500

Quote from: ice_chill on May 07, 2012, 09:08:59 AM

Quote from: Desolator on May 07, 2012, 07:45:54 AM

Take a look at the wait list. Everyone who gets one is going to be screwed. Right now it pays for itself in 6.6 months not counting electricity. When that many people have one, the difficulty will go up like 5x and they'll all be getting next to nothing. I wouldn't get one if they were free because it won't even pay for electricity as soon as too many people have one. He should have just built one and kept it Tongue

Most uneducated and uninformed post I have ever encountered on this forum.

Yeah right. The guy is stating the obvious but you all BFL fanboys are failing to see it.

Good luck with your big boxes !

Is the Raspberry Pi included with the Mini rigs ?

Any news on that EU VAT avoidance plan you guys had ? EU reseller ?

ice_chill

sr. member

Activity: 336

Merit: 250

Quote from: Desolator on May 07, 2012, 07:45:54 AM

Take a look at the wait list. Everyone who gets one is going to be screwed. Right now it pays for itself in 6.6 months not counting electricity. When that many people have one, the difficulty will go up like 5x and they'll all be getting next to nothing. I wouldn't get one if they were free because it won't even pay for electricity as soon as too many people have one. He should have just built one and kept it Tongue

Most uneducated and uninformed post I have ever encountered on this forum.

Desolator

sr. member

Activity: 392

Merit: 250

Take a look at the wait list. Everyone who gets one is going to be screwed. Right now it pays for itself in 6.6 months not counting electricity. When that many people have one, the difficulty will go up like 5x and they'll all be getting next to nothing. I wouldn't get one if they were free because it won't even pay for electricity as soon as too many people have one. He should have just built one and kept it Tongue

Inspector 2211

sr. member

Activity: 448

Merit: 250

Quote from: MXRider on April 25, 2012, 12:39:26 PM

Quote from: Inspector 2211 on April 25, 2012, 09:23:45 AM

Quote from: MXRider on April 25, 2012, 09:15:28 AM

Quote from: Inspector 2211 on April 25, 2012, 08:48:46 AM

Quote from: MXRider on April 25, 2012, 05:14:18 AM

$15 000 required up front. They will put you in production line when they have received your payment. No refunds.

Actually, it's $15,510 within the U.S., including shipping.

Oh, thanks for the info. You forgot to mention the VAT that private customers have to pay, at least in EU. That $510 changes the whole thing. I need to make some new calculations.

(dumbassfanboy)

Always willing to educate where education is needed.

P.S.: Why do you call yourself dumbassfanboy?

Don't judge me. I would buy a whole pile of singles or two MiniRigs if they could deliver them faster. Correcting me about some $510 is just dumb especially when I was answering to someone else. When BFL gets their shipping schedule in order I while buy some(~20) singles.

Well, I happen to know the exact number because I wired the $15,510 just yesterday - no need for you to get so defensive about it when someone posts the correct number. Yes, it costs more than the Largecoin mining rig, which I have
also ordered. So, in case you tried to call me a BFL fanboy, that's not only juvenile, but also inaccurate: I have a ZTEX board, a double digit number of Radeon cards, [currently] four Singles mining and some more Singles on order, along with a Mini Rig Box and a Largecoin box.

MXRider

sr. member

Activity: 466

Merit: 250

Quote from: Inspector 2211 on April 25, 2012, 09:23:45 AM

Quote from: MXRider on April 25, 2012, 09:15:28 AM

Quote from: Inspector 2211 on April 25, 2012, 08:48:46 AM

Quote from: MXRider on April 25, 2012, 05:14:18 AM

$15 000 required up front. They will put you in production line when they have received your payment. No refunds.

Actually, it's $15,510 within the U.S., including shipping.

Oh, thanks for the info. You forgot to mention the VAT that private customers have to pay, at least in EU. That $510 changes the whole thing. I need to make some new calculations.

(dumbassfanboy)

Always willing to educate where education is needed.

P.S.: Why do you call yourself dumbassfanboy?

Don't judge me. I would buy a whole pile of singles or two MiniRigs if they could deliver them faster. Correcting me about some $510 is just dumb especially when I was answering to someone else. When BFL gets their shipping schedule in order I while buy some(~20) singles.

Syke

legendary

Activity: 3878

Merit: 1193

Quote from: Fuzzy on April 25, 2012, 05:00:53 AM

Is the $15,000 required up front

Yup. Full payment up front, and in 6 months you may get a Mini Rig.

wogaut

donator

Activity: 448

Merit: 250

Quote from: Justin00 on April 25, 2012, 08:52:33 AM

could 18 people buy one unit and split the cards up and just plug into usb ?

Yes, the board has USB on it. I also had that thought a while ago, it's probably the cheapest method to get a board with their new chip.

Inspector 2211

sr. member

Activity: 448

Merit: 250

Quote from: MXRider on April 25, 2012, 09:15:28 AM

Quote from: Inspector 2211 on April 25, 2012, 08:48:46 AM

Quote from: MXRider on April 25, 2012, 05:14:18 AM

$15 000 required up front. They will put you in production line when they have received your payment. No refunds.

Actually, it's $15,510 within the U.S., including shipping.

Oh, thanks for the info. You forgot to mention the VAT that private customers have to pay, at least in EU. That $510 changes the whole thing. I need to make some new calculations.

(dumbassfanboy)

Always willing to educate where education is needed.

P.S.: Why do you call yourself dumbassfanboy?

MXRider

sr. member

Activity: 466

Merit: 250

Quote from: Inspector 2211 on April 25, 2012, 08:48:46 AM

Quote from: MXRider on April 25, 2012, 05:14:18 AM

$15 000 required up front. They will put you in production line when they have received your payment. No refunds.

Actually, it's $15,510 within the U.S., including shipping.

Oh, thanks for the info. You forgot to mention the VAT that private customers have to pay, at least in EU. That $510 changes the whole thing. I need to make some new calculations.

(dumbassfanboy)

Justin00

legendary

Activity: 910

Merit: 1000

★YoBit.Net★ 350+ Coins Exchange & Dice

could 18 people buy one unit and split the cards up and just plug into usb ?

Inspector 2211

sr. member

Activity: 448

Merit: 250

Quote from: MXRider on April 25, 2012, 05:14:18 AM

$15 000 required up front. They will put you in production line when they have received your payment. No refunds.

Actually, it's $15,510 within the U.S., including shipping.

wogaut

donator

Activity: 448

Merit: 250

Quote from: ice_chill on April 25, 2012, 08:27:03 AM

Well they are already hardly coping with full upfront cost orders, if they offered down payment they could get an order log that would take years to clear.

IMO that statement doesn't make sense to me.
With paying full cost upfront, there's no incentive for them to speed up production, it actually makes them money by delaying orders (notwithstanding the reputation issue with that). Paying only a down-payment would give them an incentive to streamline and speed up the process to recoup their investment faster.

And yes the Chinese New Year Wink

rjk

sr. member

Activity: 448

Merit: 250

1ngldh

Quote from: Cablez on April 25, 2012, 08:41:31 AM

Hence they should hire more people or have the boards fully populated in china where volume is easier.

They ran into supply chain management issues the last time that happened. TRANSLATION: Delivery dates got fucked up again because of the Chinese new year. Although I'm pretty sure most of the board-populating work is now being done in China since the new year is over.

Cablez

legendary

Activity: 1400

Merit: 1000

I owe my soul to the Bitcoin code...

Hence they should hire more people or have the boards fully populated in china where volume is easier.

ice_chill

sr. member

Activity: 336

Merit: 250

Well they are already hardly coping with full upfront cost orders, if they offered down payment they could get an order log that would take years to clear.

MXRider

sr. member

Activity: 466

Merit: 250

Other companies offer downpayment plans or one can pay right before the delivery. I think it's weird that buyer has to pay 3-4 (could be five or more) months in advance. If I invest that 15k$, it makes 180$ for me in four months.

Cablez

legendary

Activity: 1400

Merit: 1000

I owe my soul to the Bitcoin code...

That is called overhead. The extra profit from the singles should take care of that.

I would whole heartily support a down payment plan on this as I can't front the total cost upfront or lose my investment capital for 3 months (or more).

Topic: Mini Rig announcement by Butterfly Labs - 25gh/s - page 6. (Read 34251 times)