Mini Rig announcement by Butterfly Labs - 25gh/s - page 7.

ice_chill

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Quote from: Fuzzy on April 25, 2012, 05:31:34 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.

Considering the cost, this being a start-up company, the 3 month waiting period, the volatility of Bitcoin, and possibility of delays, there must be some protection available for the client.

Given the modularity of the Mini Rig internal components, a down-payment is not unreasonable. It could include only the cost of parts unique to the Mini Rig, or what have you.

And how will the workforce stay in employment for 3 months to build the minirig if you pay for parts only ?

Fuzzy

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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.

Considering the cost, this being a start-up company, the 3 month waiting period, the volatility of Bitcoin, and possibility of delays, there must be some protection available for the client.

Given the modularity of the Mini Rig internal components, a down-payment is not unreasonable. It could include only the cost of parts unique to the Mini Rig, or what have you.

MXRider

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

ice_chill

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

Is the $15,000 required up front, or can a down payment be applied when placing the order, the remaining balance being paid once the unit is completed and ready to ship?

Down payment of $2 (two dollars) should be fine.

Fuzzy

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Is the $15,000 required up front, or can a down payment be applied when placing the order, the remaining balance being paid once the unit is completed and ready to ship?

Also, how are repairs handled outside the warranty period? Are extended warranties available?

jamesg

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Quote from: R- on April 23, 2012, 03:38:07 PM

No way you ordered 15x $15,000 mini rigs. I don't believe it.

15 singles.....

R-

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Pasta

Quote from: jamesg on April 19, 2012, 01:59:31 PM

Quote from: bitcoindaddy on April 19, 2012, 01:55:57 PM

Quote from: jamesg on April 19, 2012, 01:44:45 PM

I've ordered the rest. There are no more left........... Grin

You have 17 now, is that right? If your wife has any towels to dry, she can just hang them in the "hashing" room.

Only 15.

So far.....

No way you ordered 15x $15,000 mini rigs. I don't believe it.

jamesg

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Quote from: bitcoindaddy on April 19, 2012, 01:55:57 PM

Quote from: jamesg on April 19, 2012, 01:44:45 PM

I've ordered the rest. There are no more left........... Grin

You have 17 now, is that right? If your wife has any towels to dry, she can just hang them in the "hashing" room.

Only 15.

So far.....

bitcoindaddy

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Quote from: jamesg on April 19, 2012, 01:44:45 PM

I've ordered the rest. There are no more left........... Grin

You have 17 now, is that right? If your wife has any towels to dry, she can just hang them in the "hashing" room.

jamesg

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Quote from: ice_chill on April 19, 2012, 01:24:12 PM

So how many people have ordered and on what dates ?

I've ordered the rest. There are no more left........... Grin

bitcoindaddy

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Quote from: ice_chill on April 19, 2012, 01:24:12 PM

So how many people have ordered and on what dates ?

https://bitcointalksearch.org/topic/bfl-single-order-dateship-date-67887

ice_chill

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So how many people have ordered and on what dates ?

BlackPrapor

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Quote from: MPOE-PR on April 18, 2012, 09:30:59 AM

Quote

Funnily enough it is exactly this profiteer nature that I think will be the death of BTC come block reward halving and December 2012.

It IS funny, given that it's probably exactly the other way around: this profiteer nature is BTC's only chance to swim. Everything else sinks.

Bitcoin works because there is a demand for this currency. currency users don't give a crap how much less you'll be earning as far as the system works. And it will work, because even after halving in December it will be profitable to mine.

MPOE-PR

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Quote

Funnily enough it is exactly this profiteer nature that I think will be the death of BTC come block reward halving and December 2012.

It IS funny, given that it's probably exactly the other way around: this profiteer nature is BTC's only chance to swim. Everything else sinks.

Keninishna

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So no details about modules?

BlackPrapor

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Quote from: ice_chill on April 14, 2012, 07:08:33 AM

Quote from: BitPay Business Solutions on April 13, 2012, 08:23:11 PM

So who will be the first to buy one of these with Bitcoins?

Problem is that if the company goes bankrupt or disappears then a Bitcoin payment is not traceable and not proof able. And $15k in Bitcoins is too much risk.

A bank transfer can be traced, or if the company is seized then the bank transfer can just be reversed to the original owner.

If they make their address public and you have your address, then this transaction is in the block publicly available to anyone. That's how I understand it anyway.

ice_chill

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Quote from: BitPay Business Solutions on April 13, 2012, 08:23:11 PM

So who will be the first to buy one of these with Bitcoins?

Problem is that if the company goes bankrupt or disappears then a Bitcoin payment is not traceable and not proof able. And $15k in Bitcoins is too much risk.

A bank transfer can be traced, or if the company is seized then the bank transfer can just be reversed to the original owner.

BitPay Business Solutions

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So who will be the first to buy one of these with Bitcoins?

Keninishna

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Quick question, I don't know if this has been answered before but I've read that the mini rig is modular and can be upgraded? Does this mean BFL will be selling individual upgrade modules? At what cost? and what will the max hasrate and power consumption be?

DeathAndTaxes

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Gerald Davis

Quote from: ice_chill on April 11, 2012, 05:18:43 PM

Well why giving nothing back ? the more people mine the quicker the transactions will get done and less room for 51% hashing power attack.

1) TX times will always be 10 minutes. The network adjusts to ensure that.
2) 51% attack isn't economical at 10TH/s. A non-economical attack is just as viable at 20 TH/s as it is at 10 TH/s. Now 100TH/s or 1000 TH/s that is a different story but the network won't grow that large without a vibrant economy behind it.

3) Why would Bitcoin die if miners stopped expanding the network? That doesn't even make sense.

Your funds, your risk but please don't pretend like you are saving Bitcoin.

I would have though someone dropping 15 large on hashing hardware would have at least a rudimentary knowledge of how the network works and the economics behind it. .... I guess not.

Topic: Mini Rig announcement by Butterfly Labs - 25gh/s - page 7. (Read 34235 times)