Official ASICMINER Hardware Information - page 11.

AsicShill

newbie

Activity: 42

Merit: 0

Quote from: ameer1367 on August 15, 2013, 07:35:29 AM

not true. hardware investment will break even in 112. do the counting: http://www.bitcoinx.com/profit/

You are using a misleading calculator. Use the expert mode on http://www.coinish.com/calc and try to understand all the "reduction" portions. There is no "BE" (break even) for the BE (block eruptor).

ameer1367

newbie

Activity: 45

Merit: 0

Quote from: Damnsammit on August 13, 2013, 10:25:10 AM

Quote from: CoinHoarder on August 13, 2013, 03:14:09 AM

ASICMINER hardware has from its inception been a hardly break even, or negative expectation as far as ROI.

Why would they sell them for what they could mine with them? They should just mine with them in that case. Instead, they place the price higher than what they think they can mine with them and sell them to as many suckers as possible.

And it worked... it is truly genius!

Indeed! People look at the current calculator and say "13GH/s will net me 0.17BTC a day! This thing will pay itself off in less than 2 months!"

And they never think to look at the difficulty increases and how that will effect them.

not true. hardware investment will break even in 112. do the counting: http://www.bitcoinx.com/profit/

empoweoqwj

hero member

Activity: 518

Merit: 500

just to quote what you said:

"(ASICMINER) have created thousands and thousands of pissed off customers that thought they were going to "print money" but got taken to the cleaners"

AM didn't tell them they were going to "print money", the customers didn't do their due diligence. Not AM's fault.

Presumably all these thousands and thousands of "pissed off" customers won't come back, and that will be the end of AM's hardware sales. Or perhaps they will sell out in days again?

I'm just struggling to understand why you are having a go at AM? They made no false promises with their products, did not guarantee or even suggest any returns, simply put a product out there that people couldn't get enough of. Nobody forced anyone to buy them. People want mining equipment now, not vaporware that may appear or may not appear.

If people can't use a ROI investment calculator then they shouldn't be in this business. Again, their responsibility, not AM's.

fumble

newbie

Activity: 35

Merit: 0

Quote from: empoweoqwj on August 14, 2013, 02:01:34 AM

Quote from: fumble on August 13, 2013, 10:34:49 PM

Quote from: Damnsammit on August 13, 2013, 10:25:10 AM

Quote from: CoinHoarder on August 13, 2013, 03:14:09 AM

ASICMINER hardware has from its inception been a hardly break even, or negative expectation as far as ROI.

Why would they sell them for what they could mine with them? They should just mine with them in that case. Instead, they place the price higher than what they think they can mine with them and sell them to as many suckers as possible.

And it worked... it is truly genius!

Indeed! People look at the current calculator and say "13GH/s will net me 0.17BTC a day! This thing will pay itself off in less than 2 months!"

And they never think to look at the difficulty increases and how that will effect them.

Yup and the problems is they (ASICMINER) have created thousands and thousands of pissed off customers that thought they were going to "print money" but got taken to the cleaners. Trying to appease them with discounted .1 BTC USB sticks will not make up for the loss incurred.

Taking advantage of the uninformed is only a poor short term business model. Most companies succeed on repeat business and word of mouth to survive in the long run.

Err. excuse me. ASICMiner put out a product that sold out within 30 minutes. Whose fault is is that it sold out? THE PEOPLE BUYING IT.

Perhaps the USB sticks were just too sexy to resist

If you think everyone is pissed off with AM, then I guess the new blades won't sell at all .... fancy a bet on that?

You must be a shareholder as you obviously didn't understand what I wrote. The only people making money are the shareholders and re-sellers, not the end user mining.
Selling out does not equal customer satisfaction. A lot of noobs google bitcoin calculator and find one that doesnt add difficulty increases and they think they can make some serious cash.

I never once said "everyone". Stop being so defensive. I said thousands. How many usb sticks were sold? 10,000? 20,000? There are 7+ billion people on this planet, a fool is born every second. Will they sell out? Most likely. Will customers be satisfied? Someone should start a yelp listing for ASICMINER.

Don't get me wrong. I will buy if the price is right.

arklan

legendary

Activity: 1778

Merit: 1008

Quote from: Xian01 on August 15, 2013, 01:46:17 AM

Quote from: arklan on August 14, 2013, 08:15:21 PM

has there been any official word about the restock of asicminer hardware that was supposed to happen last weekend?

Thanks for the reply. Good to know i'm not the only one on the ropes.

Haven't heard anything yet Sad

Have an email into friedcat myself, FWIW.

Xian01

legendary

Activity: 1652

Merit: 1067

Christian Antkow

Quote from: arklan on August 14, 2013, 08:15:21 PM

has there been any official word about the restock of asicminer hardware that was supposed to happen last weekend?

Haven't heard anything yet Sad

Have an email into friedcat myself, FWIW.

mo_mo

full member

Activity: 194

Merit: 100

which link can you buy these from

ninjarobot

hero member

Activity: 761

Merit: 500

Mine Silent, Mine Deep

Quote from: empoweoqwj on August 14, 2013, 02:01:34 AM

ASICMiner put out a product that sold out within 30 minutes. Whose fault is is that it sold out? THE PEOPLE BUYING IT.

Perhaps the USB sticks were just too sexy to resist

ASICMiner is like the Apple of mining hardware. ....must...get...the...new...shiny...!

arklan

legendary

Activity: 1778

Merit: 1008

i don't think i've missed anything, but just in case:

has there been any official word about the restock of asicminer hardware that was supposed to happen last weekend?

klondike_bar

legendary

Activity: 2128

Merit: 1005

ASIC Wannabe

Quote from: kano on August 14, 2013, 03:48:05 AM

Quote from: empoweoqwj on August 14, 2013, 02:01:34 AM

...
Err. excuse me. ASICMiner put out a product that sold out within 30 minutes. Whose fault is is that it sold out? THE PEOPLE BUYING IT.

Perhaps the USB sticks were just too sexy to resist

If you think everyone is pissed off with AM, then I guess the new blades won't sell at all .... fancy a bet on that?

Yes indeed, most miners who buy AsicMinerUSBs either don't care about making a profit or are foolish enough to not realise that they made a loss buying them.
The ASIC era has clearly shown how bitcoin is full of fools.

I bought 2 with the possible goals:

1) resell for outrageous profit
2) mine for 2-3 months, recouping as much cost as i can, so that :
2a) resell hardware for whatever its worth
2b) keep the hardware as a momento of the ASIC wave

turns out, option 1 is what happened. I resold the first for 1.25BTC (I paid 1.48BTC for both), and the second for 4oz of silver bullion (~$88) and 0.12BTC. During the process, I mined about 0.073 BTC

say what you like, but there is some margin for profit!

Tsukene

member

Activity: 117

Merit: 10

can't wait for prices

sf2

sr. member

Activity: 273

Merit: 250

neilol

sr. member

Activity: 302

Merit: 250

Quote from: JimiQ84 on August 14, 2013, 08:16:59 AM

Quote from: kano on August 14, 2013, 07:46:10 AM

Quote from: sf2 on August 14, 2013, 04:19:29 AM

Quote from: kano on August 14, 2013, 03:48:05 AM

Quote from: empoweoqwj on August 14, 2013, 02:01:34 AM

...
Err. excuse me. ASICMiner put out a product that sold out within 30 minutes. Whose fault is is that it sold out? THE PEOPLE BUYING IT.

Perhaps the USB sticks were just too sexy to resist

If you think everyone is pissed off with AM, then I guess the new blades won't sell at all .... fancy a bet on that?

Yes indeed, most miners who buy AsicMinerUSBs either don't care about making a profit or are foolish enough to not realise that they made a loss buying them.
The ASIC era has clearly shown how bitcoin is full of fools.

As far as i know this is the only show in town at this time.

So, the only self mining show in town at the moment is to lose money ... that makes bitcoin look pretty bad ...

It makes buying BTC look damn good

idk about that... whats your reasoning? Hashrate should follow price, not the other way around

JimiQ84

sr. member

Activity: 406

Merit: 250

Quote from: kano on August 14, 2013, 07:46:10 AM

Quote from: sf2 on August 14, 2013, 04:19:29 AM

Quote from: kano on August 14, 2013, 03:48:05 AM

Quote from: empoweoqwj on August 14, 2013, 02:01:34 AM

...
Err. excuse me. ASICMiner put out a product that sold out within 30 minutes. Whose fault is is that it sold out? THE PEOPLE BUYING IT.

Perhaps the USB sticks were just too sexy to resist

If you think everyone is pissed off with AM, then I guess the new blades won't sell at all .... fancy a bet on that?

Yes indeed, most miners who buy AsicMinerUSBs either don't care about making a profit or are foolish enough to not realise that they made a loss buying them.
The ASIC era has clearly shown how bitcoin is full of fools.

As far as i know this is the only show in town at this time.

So, the only self mining show in town at the moment is to lose money ... that makes bitcoin look pretty bad ...

It makes buying BTC look damn good

kano

legendary

Activity: 4592

Merit: 1851

Linux since 1997 RedHat 4

Quote from: sf2 on August 14, 2013, 04:19:29 AM

Quote from: kano on August 14, 2013, 03:48:05 AM

Quote from: empoweoqwj on August 14, 2013, 02:01:34 AM

...
Err. excuse me. ASICMiner put out a product that sold out within 30 minutes. Whose fault is is that it sold out? THE PEOPLE BUYING IT.

Perhaps the USB sticks were just too sexy to resist

If you think everyone is pissed off with AM, then I guess the new blades won't sell at all .... fancy a bet on that?

Yes indeed, most miners who buy AsicMinerUSBs either don't care about making a profit or are foolish enough to not realise that they made a loss buying them.
The ASIC era has clearly shown how bitcoin is full of fools.

As far as i know this is the only show in town at this time.

So, the only self mining show in town at the moment is to lose money ... that makes bitcoin look pretty bad ...

americandesi

hero member

Activity: 518

Merit: 500

BTC < > INR & USD

Quote from: Lauda on August 14, 2013, 06:09:33 AM

Quote from: kano on August 14, 2013, 03:48:05 AM

Quote from: empoweoqwj on August 14, 2013, 02:01:34 AM

...
Err. excuse me. ASICMiner put out a product that sold out within 30 minutes. Whose fault is is that it sold out? THE PEOPLE BUYING IT.

Perhaps the USB sticks were just too sexy to resist

If you think everyone is pissed off with AM, then I guess the new blades won't sell at all .... fancy a bet on that?

Yes indeed, most miners who buy AsicMinerUSBs either don't care about making a profit or are foolish enough to not realise that they made a loss buying them.
The ASIC era has clearly shown how bitcoin is full of fools.

Exactly. Unless the USB miners can be modified for other sha coins that a more profitable than bitcoin, you will never get ROI not to mention making a profit..
Either drive the price down, or increase the hashrate of the hardware.

You mean other scrypt based coins.! USB miners can already mine other SHA 256 coins like TRC and PPC apart from bitcoin.

Lauda

legendary

Activity: 2674

Merit: 2965

Terminated.

Quote from: kano on August 14, 2013, 03:48:05 AM

Quote from: empoweoqwj on August 14, 2013, 02:01:34 AM

...
Err. excuse me. ASICMiner put out a product that sold out within 30 minutes. Whose fault is is that it sold out? THE PEOPLE BUYING IT.

Perhaps the USB sticks were just too sexy to resist

If you think everyone is pissed off with AM, then I guess the new blades won't sell at all .... fancy a bet on that?

Yes indeed, most miners who buy AsicMinerUSBs either don't care about making a profit or are foolish enough to not realise that they made a loss buying them.
The ASIC era has clearly shown how bitcoin is full of fools.

Exactly. Unless the USB miners can be modified for other sha coins that a more profitable than bitcoin, you will never get ROI not to mention making a profit..
Either drive the price down, or increase the hashrate of the hardware.

sf2

sr. member

Activity: 273

Merit: 250

sf2

sr. member

Activity: 273

Merit: 250

kano

legendary

Activity: 4592

Merit: 1851

Linux since 1997 RedHat 4

Quote from: empoweoqwj on August 14, 2013, 02:01:34 AM

...
Err. excuse me. ASICMiner put out a product that sold out within 30 minutes. Whose fault is is that it sold out? THE PEOPLE BUYING IT.

Perhaps the USB sticks were just too sexy to resist

If you think everyone is pissed off with AM, then I guess the new blades won't sell at all .... fancy a bet on that?

Yes indeed, most miners who buy AsicMinerUSBs either don't care about making a profit or are foolish enough to not realise that they made a loss buying them.
The ASIC era has clearly shown how bitcoin is full of fools.

Topic: Official ASICMINER Hardware Information - page 11. (Read 57775 times)