Wow. Over reaction much, it was a typo. 120 block eruptors. It has been fixed.
Topic: Old BFL buyers vs new asicminer prices - page 6. (Read 5532 times)
It's truly sad to see members with higher reputations and post count bunting poor Inaba on logic and math.
For some strange reason, my tears won't come. I suspect there is shock involved.
For some strange reason, my tears won't come. I suspect there is shock involved.
Well ASICMiner just gave mini rig buyers a punch in the gut.
Buy from BFL in August 2012. 1 mini-rig 1.5 TH/s @ 3000 BTC
Buy from ASICMiner in August 2013. 20 Eruptor Blades 1.5 TH/s @ 420 BTC
So buy from ASICMiner a year later, no pre-order stress, product will ship in days, spend 86% less, get the same hashing power and receive it sooner.
Things move fast in the mining world so specs only matter if the company can deliver as advertised when advertised. Those that trusted BFL @ 65nm paid the price, now they want to tell you 28nm will be different.
Buy from BFL in August 2012. 1 mini-rig 1.5 TH/s @ 3000 BTC
Buy from ASICMiner in August 2013. 20 Eruptor Blades 1.5 TH/s @ 420 BTC
So buy from ASICMiner a year later, no pre-order stress, product will ship in days, spend 86% less, get the same hashing power and receive it sooner.
Things move fast in the mining world so specs only matter if the company can deliver as advertised when advertised. Those that trusted BFL @ 65nm paid the price, now they want to tell you 28nm will be different.
3000 BTC value in August 2012 in USD: $30,000
420 BTC value in August 2013 in USD: $54,600
So buy from ASICminer a year later, spend 46% more for 1/6th the hashing power @ 3x the power consumption! Sounds like a good deal to me! Not.
Now forgive me, perhaps my information is wrong, but aren't the Eruptor Blades 13 GH/s each? If, so, how do you get 1500 GH out of 20 * 13?
FUD much?
Put another way: Not spending 2580 BTC (3000BTC-420BTC) for a minirig equivalent in August 2012 would have earned you ~ $330k.
Really, so you're claiming that 20 * 13 = 1500? Wow...
But lets go back to the USD assessment. The only way your figures work out is if you have 100% prediction ability or you use hindsight, neither of which are considered acceptable investing methodologies.
Once again, your entire premise is flawed. If you (or anyone) were so good at predicting the bitcoin price back then, why are you not a multi-billionaire? If you knew BTC was going to go up, especially as much as it did, why were you not mortgaging the house, selling your mother and pimping out your cats and dogs to buy BTC? You'd be an @#$%@% idiot not to... yet you didn't, why?
Hindsight investing is great, except it's a bunch of shit, which is why comparing the price in BTC of anything in August 2012 to something in 2013 is a bunch of shit.
How PEONMINER(me) feels when he comments on ANY thread.
http://www.youtube.com/watch?v=Jvej3gTXAzE
?
Well ASICMiner just gave mini rig buyers a punch in the gut.
Buy from BFL in August 2012. 1 mini-rig 1.5 TH/s @ 3000 BTC
Buy from ASICMiner in August 2013. 20 Eruptor Blades 1.5 TH/s @ 420 BTC
So buy from ASICMiner a year later, no pre-order stress, product will ship in days, spend 86% less, get the same hashing power and receive it sooner.
Things move fast in the mining world so specs only matter if the company can deliver as advertised when advertised. Those that trusted BFL @ 65nm paid the price, now they want to tell you 28nm will be different.
Buy from BFL in August 2012. 1 mini-rig 1.5 TH/s @ 3000 BTC
Buy from ASICMiner in August 2013. 20 Eruptor Blades 1.5 TH/s @ 420 BTC
So buy from ASICMiner a year later, no pre-order stress, product will ship in days, spend 86% less, get the same hashing power and receive it sooner.
Things move fast in the mining world so specs only matter if the company can deliver as advertised when advertised. Those that trusted BFL @ 65nm paid the price, now they want to tell you 28nm will be different.
3000 BTC value in August 2012 in USD: $30,000
420 BTC value in August 2013 in USD: $54,600
So buy from ASICminer a year later, spend 46% more for 1/6th the hashing power @ 3x the power consumption! Sounds like a good deal to me! Not.
Now forgive me, perhaps my information is wrong, but aren't the Eruptor Blades 13 GH/s each? If, so, how do you get 1500 GH out of 20 * 13?
FUD much?
Put another way: Not spending 2580 BTC (3000BTC-420BTC) for a minirig equivalent in August 2012 would have earned you ~ $330k.
How PEONMINER(me) feels when he comments on ANY thread.
Well ASICMiner just gave mini rig buyers a punch in the gut.
Buy from BFL in August 2012. 1 mini-rig 1.5 TH/s @ 3000 BTC
Buy from ASICMiner in August 2013. 20 Eruptor Blades 1.5 TH/s @ 420 BTC
So buy from ASICMiner a year later, no pre-order stress, product will ship in days, spend 86% less, get the same hashing power and receive it sooner.
Things move fast in the mining world so specs only matter if the company can deliver as advertised when advertised. Those that trusted BFL @ 65nm paid the price, now they want to tell you 28nm will be different.
Buy from BFL in August 2012. 1 mini-rig 1.5 TH/s @ 3000 BTC
Buy from ASICMiner in August 2013. 20 Eruptor Blades 1.5 TH/s @ 420 BTC
So buy from ASICMiner a year later, no pre-order stress, product will ship in days, spend 86% less, get the same hashing power and receive it sooner.
Things move fast in the mining world so specs only matter if the company can deliver as advertised when advertised. Those that trusted BFL @ 65nm paid the price, now they want to tell you 28nm will be different.
3000 BTC value in August 2012 in USD: $30,000
420 BTC value in August 2013 in USD: $54,600
So buy from ASICminer a year later, spend 46% more for 1/6th the hashing power @ 3x the power consumption! Sounds like a good deal to me! Not.
Now forgive me, perhaps my information is wrong, but aren't the Eruptor Blades 13 GH/s each? If, so, how do you get 1500 GH out of 20 * 13?
FUD much?
How PEONMINER(me) feels when he comments on ANY thread.
I supposed if BTC value increased significantly more that would change, but in that case you would still be better of just holding the BTC than buying the eruptors.
You are probably right. Not going to argue the point.
Either way, I'm having fun
We know the price of BTC was ~$6.50-7.00 on July 1, 2012 and that a 1.5TH mini-rig was selling for $29,899. Let's call the BTC price at $6.50, which would be ~4600 BTC. Your choices are to either Buy a mini-rig and wait for it to ship a year later or store your 4600 BTC until June 2013 when you can buy 2300 USB block erupters. We know now the mini-rig order would ship on Aug 5th and the 2300 Block Erupters would be in hand within a week. If these were your only choices, which do you feel is the better value?
How BCP feels when he comments on ANY thread.
Well ASICMiner just gave mini rig buyers a punch in the gut.
Buy from BFL in August 2012. 1 mini-rig 1.5 TH/s @ 3000 BTC
Buy from ASICMiner in August 2013. 20 Eruptor Blades 1.5 TH/s @ 420 BTC
So buy from ASICMiner a year later, no pre-order stress, product will ship in days, spend 86% less, get the same hashing power and receive it sooner.
Things move fast in the mining world so specs only matter if the company can deliver as advertised when advertised. Those that trusted BFL @ 65nm paid the price, now they want to tell you 28nm will be different.
20? Maximum speed of 12.829GHash/s with overclocking and proper cooling. 20 * 13 = 260. Are you thinking of Avalon? Buy from BFL in August 2012. 1 mini-rig 1.5 TH/s @ 3000 BTC
Buy from ASICMiner in August 2013. 20 Eruptor Blades 1.5 TH/s @ 420 BTC
So buy from ASICMiner a year later, no pre-order stress, product will ship in days, spend 86% less, get the same hashing power and receive it sooner.
Things move fast in the mining world so specs only matter if the company can deliver as advertised when advertised. Those that trusted BFL @ 65nm paid the price, now they want to tell you 28nm will be different.
Well ASICMiner just gave mini rig buyers a punch in the gut.
Buy from BFL in August 2012. 1x mini-rig 1.5 TH/s @ 3000 BTC
Buy from ASICMiner in August 2013. 120x Eruptor Blades 1.5 TH/s @ 420 BTC
So buy from ASICMiner a year later, no pre-order stress, product will ship in days, spend 86% less, get the same hashing power and receive it sooner.
Things move fast in the mining world so specs only matter if the company can deliver as advertised when advertised. Those that trusted BFL @ 65nm paid the price, now they want to tell you 28nm will be different.
on edit: Fixed a typo 120 boards not 20. The typo seems obvious to me. 1,500 GH/s / 1.25 GH/s = 120 (not 20) boards. 420 BTC / 3.5 BTC = 120 (not 20) boards.
Originally posted in monarch thread to highlight that good specs mean nothing if while you are still waiting someone a year later undercuts it by 86%. I guess someone felt it was off topic. It isn't like the monarch is a new product with good specs and who's ROI is heavily dependent on if it can be delivered on spec and on time by the company who still hasn't delivered rigs that people paid 3,000 BTC a year ago that now have a street value of 420 BTC. Obviously this wasn't relevant at all.
Buy from BFL in August 2012. 1x mini-rig 1.5 TH/s @ 3000 BTC
Buy from ASICMiner in August 2013. 120x Eruptor Blades 1.5 TH/s @ 420 BTC
So buy from ASICMiner a year later, no pre-order stress, product will ship in days, spend 86% less, get the same hashing power and receive it sooner.
Things move fast in the mining world so specs only matter if the company can deliver as advertised when advertised. Those that trusted BFL @ 65nm paid the price, now they want to tell you 28nm will be different.
on edit: Fixed a typo 120 boards not 20. The typo seems obvious to me. 1,500 GH/s / 1.25 GH/s = 120 (not 20) boards. 420 BTC / 3.5 BTC = 120 (not 20) boards.
Originally posted in monarch thread to highlight that good specs mean nothing if while you are still waiting someone a year later undercuts it by 86%. I guess someone felt it was off topic. It isn't like the monarch is a new product with good specs and who's ROI is heavily dependent on if it can be delivered on spec and on time by the company who still hasn't delivered rigs that people paid 3,000 BTC a year ago that now have a street value of 420 BTC. Obviously this wasn't relevant at all.
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