Topic: Official ASICMINER Hardware Information - page 5. (Read 57775 times)

Hoarding is the new mining! 

You are correct.
Just keep your btc and wait.

But most people didn´t do that 2011, 2012, 2013 and will not do it 2014.

Lulz so you are saying you'd lose less.
Isn't the point to not actually lose at all?

Keep the BTC and you won't lose BTC

Buy AM and you almost certainly will lose.

Anyone who got a 10GH/s miner (of any brand) on the 14th of May will so far have made ~26.6BTC PPS expected.
Hopefully no one paid 50BTC for them back then, no chance they'll make 50BTC ...

Just buy a preorder from another company.

Then you don´t know if it will ROI in the beginning.
Later you will realise you lost much more then buying asicminer hardware.

So they got 1 product right... how many of those are avaialble for sale???  They aren't selling tens of thousands of the blades as they have been the erupters that they keep screwing people over with, even though it keeps looking like a better deal with each price drop.

just compare the 10GH/s miner's price now, and the price on the release..

They've been ripping off customers since May and you are only figuring it out now?

I agree, ASCI miners are now stooping to ripping off coupon customers as well. What a nice thank you tricking people into spending money just in time for you to completely devalue them. You really care about your customers!

You really think that everyone has an expectation of a loss? Otherwise most people will not meet their expectations.

I'm not pissed.

I got the very first AsicMinerUSB sent out to devs.
I live in Aus - so from HK to Aus was faster than e.g. HK to USA
So yes on a BTC scale X divided by 0 = infinity
(I've simply wasted literally buckets of time on them doing dev work - oh well not really a big issue though )

Though I will add that when FriedCat contacted me first saying he wanted my address to send me some dev hardware I wasn't expecting a 333MH/s waste of time At the time he first contacted me, he wasn't either ...

Anyway, I posted the first information about them on the forum and how to mine with them.
Also - as I said, I (recently) bought 2 more to help sort out the problems people were having with cgminer that didn't show up with just one of them.

Just like with other companies ... I'm a dev and was helping people to use their devices when they got them.

Of course the other side is also true ... as I said ... that most won't make their BTC back

I wasted 1.1 BTC on them - but only that. Of course I'd not buy lots of them. But since it was only 1.1 BTC it's not much of a waste for me.
For all I know the first one I got may have made close to 1BTC by now ... I got it on 13-May ... so possibly almost no actual BTC loss for me
Though it was only when they finally dropped to being a much smaller loss that I finally decided to waste the BTC to buy 2 for 1.1BTC

However, rather than assume that 1BTC figure ... I spent a little (lot) of time just now working it out.
Based on expected hash rate of 335MH/s on a pool that charges no fees, (and counting from 00:00 on the 14th-May) that first AMU has now made approximately 0.8917125142 BTC
Wow that sux for anyone who bought them originally ...
Absolutely no expectation of returning 1.99BTC if you paid 1.99BTC for them and got them BEFORE anyone else - when I got that first one.

Lulz - but the reality is most people will do better just buying the BTC and not spending it on these overpriced %@$#% ...
Hell the damn things don't even have a temperature sensor on them so they just stop mining for no apparent reason.
Restart and OK back to mining.
Price cutting on developing something sold for initially around 2000% to 5000% mark up - seriously? WTF

Yes indeed - just buy BTC.

Well - also consider that they are now selling them for 0.17 BTC through resellers.
The mark up on them at 0.17 is extremely likely to be in the 200% to 500% range.
So back when they were 1.99BTC, the price markup was in the 2000% to 5000% range (or more?)

The reasonable price considered by AM is whatever people are stupid enough to pay.
They have been that way since the USB first came out ... and don't forget the blades

The arguments given by those buying them can be represented by one of:
1) I've no idea what diff is so I don't care (= a highly likely loss)
2) I only buy them to support BTC (= damn I just found out I probably lost when I bought them)
3) I'm gaining since my GPU used to use 100x the power (= I'm losing less than if I was GPU mining)
4) I can get them right now! (= I can attempt to recoup most of my loss over a longer period of time and make less loss than waiting for them)
5) I'll sell them and get back my loss (= I'm running a ponzi ... drop the hot potato so someone else makes the loss)
6) I bought 2 more for development to help these people lose less money (= what I did - but I'll lose on those 2 - well at least it was only 1.1BTC ...)

An interesting way to look at it is:
Give AM similar or greater BTC than I will get mining them over many months in the future ... but AM gets it now up front!
Give me your BTC now! Now go try (and most likely fail) to pay off your debt.

Of course anyone who wants to argue that a BTC price rise will mean a profit in $ terms, should note the blatantly obvious:
If you keep your BTC rather than buying AM hardware, a BTC price rise will indeed be a profit in $ terms, but if you spend it on AM hardware, it will essentially be: spend X BTC on AM hardware now and maybe at some point in the future get back a total X BTC - if difficulty completely changes from the current trend ... so you're extremely unlikely to do as well or better than simply keeping the BTC

Hope ASICMINER will produce more hardware, and provide them in reasonable price.

Is yxt still the EU distributor? Seems to have been pretty quiet for a while or am I just not seeing his posts? O_o

 

At 30% 500 days is irrelevant since ROI maxes at around the 165 day mark (approx 3.554BTC for 10GH/s)...another 30 days more if your electricity is free.  Then its a doorstop.
We are talking about the current offerings.  What hardware and what prices will be in 500 days is anybody's guess.

Yeah that is an issue. The difficulty is going up way too fast and the btc price is more or less around the 100 mark.

You're right.  I think we'll have some increases of 50+% mixed in there too.

The big question and decision point is: Where does 20 or 30% stop each difficulty increase? I don't see 30% happening for 500 days. Although I COULD be wrong here.

Well - I'm sold, in for 10 of each!

For a 0.335 GH/s device to recover 0.17BTC with only a 20% diff each change ... it would take ... 190 Days
... at 1000 days it is ... 0.17936377 BTC (so pretty much never reach 0.18 BTC)

If on the other hand it was 30% diff each change ... at 500 days it will have generated ... 0.11957525 BTC ... 1000 days ... 0.11957587 BTC ... so it would never reach 0.12BTC ... of course 0.5W isn't free either ... especially after 1000 days ...
http://www.tradebtc.net/bitcalc.php

For a 10GH/s device at 20% increase each change, it would take 89 days to get 4BTC
at 30% increase it would ... 500 days 3.56940335 BTC ... 1000 days 3.56942180 BTC ... so never reach 3.6 BTC
But the electricity is pretty relevant also ...

Yes many people buying AsicMiner hardware will not get their many back ...