Topic: Received BFL Jalapeño Today! - page 14. (Read 40241 times)

The only thing absurd in your post is your grasp on common sense.

I paid mine in BTC (and BFL received USD) and have no regrets at all.. I dont look to the past for "re-evaluate" trade/buy/donation... When I do a deal, it is what it worth, at that time...

I've sold a XBox360 for 250 BTC when they were at 1$.. I dont see it as I if sold it for 35 000 U$.. I sold it for 250 BTC.

In the past, I've made donation of few BTC.. I dont think now I've made hundreds of dollar donations, I've made few BTC donation.

I've sold more then 5k BTC under 1$.. No regret, because, at this time, I was happy of each trade I made.

Bought thousand of $ of BTC under 100$, sold part of it over 200$... When BTC will be trade for thousands of fiat $, I will still have no regret of any trade made in the past..

You dont beleive in BTC over 500$, lets bet on it   see my signature

If you could tell me exactly what the price of BTC will be 10 months from now, please let me know so I can either buy or sell a shit load of BTC. Until then, please don't ever post again.

Scared - do you know the power usage of your device?

Can we have one BFL thread that doesn't end up debating the same offtopic things that 10 billion other threads already do?

WOW. Josh's response to this argument is so absurd I don't know where to begin. So let me get this straight. Josh is claiming grue's "argument is fallacious" because nobody stopped BFL customers from making ADDITIONAL investments directly into BTC? LMAO that's not how it works and his argument is spot on. The fact is plain and simple. Somebody that had $150 ten months ago would have been better off just buying 23BTC directly since a Jalapeno will likely only mine 75% or so of that before it's unproductive. What they could have done with an ADDITIONAL $150 makes absolutely no difference.

The only thing "sophomoric and elementary" is how Josh conducts himself and his behavior and irrational arguments are lowering my opinion of BFL more than their extreme shipping delays have. I will take Bitsyncom's black hole over this insanity ANY DAY.

So you are suggesting houses don't have long construction delays and people cant loose their money, to that I say utter crap, the current affairs programs on TV are full of such stories.

No we are not trolls. Yes, it is called opportunity cost. It is actually the core of every complaint about BFL. Take a college course or two in economics.


A deposit that is usually a very small percentage of the cost of the house. They don't pay the full price of the house upfront (unless they are morons).
Nobody is perfectly happy with a late house, in fact everyone who has more than 2 neurons is pissed off because they don't have a house when they should have had a house. Lawyers are usually involved. So are insurance companies.

BFL customer service is defended by strawmen and bootlickers.

Well if you did manage to find someone who who got their product before they should have (as in they ordered day one but BFL recieved payment later) You would have some actual FACTS to throw at BFL for once rather than your usual pointless mess you like to spew. Then again basing something on facts isn't really your expertise is it.

Just saying here's a chance to make sure BFL are sticking to their own set of rules for delivery, it would be easy enough to discover, do something useful for once!

In the real world, having just had a house built I know how this works.  The builder has compulsory insurance should they default before the house is finished.  The insurance company would pay and I would have an angry bank chasing the builder (the bank paid the money, not me).  In the real world we all know if BFL goes belly up before a customer's order is shipped there's basically nothing that can be done.  A BFL asset sale would maybe return 5c in every dollar.

I also had a due date for the house and it was finished two months ahead of schedule.  BFL has missed promised shipping dates since October 2012.

I did some math on this when considering buying an ASICminer Blade (they just went for around 52 BTC per piece). The Blade is 10 GH/s, so to get the Jalapeño figures, just divide by 2-ish.

My calculations show that if difficulty rises 1% per day for the next 365 days, then at the end of those 365 days one will have mined 49.2 BTC (with a 10 GH/s Blade).
One would start out mining 0.5 BTC per day, and end up - after 365 days (under the above assumption) - mining only 0.0132 BTC per day.

The hash rate right now is around 93 TH/s. A 1% increase in hash rate per day would mean that the hash rate, at the end of those 365 days would be around 38 times what it is now, which would mean that on 2014-04-29 the hash rate will be 3504 TH/s.

The current 14-day average for the growth in network hash rate is around 1.2% per day (it has varied between 0.8% and 1.8% in the last two months). http://bitcoin.sipa.be/

Using the same figure (1% rise in hash rate per day) for this Jalapeño, it would take 167 days to mine 23 BTC. You'd start out mining 0.28 BTC per day (at difficulty 10,000,000), and end up (after the 167 days) mining 0.0526 BTC per day (at difficulty 52,933,877). After a year, you would have mined 27.5 BTC, and the difficulty would be 379,634,535.

But this assumes a constant rise in hash rate of 1% per day, so it really is just a thought experiment; no one knows how the hash rate will evolve.

I tried arguing this many times and finally gave up. People are too dumb to realize they could have paid in BTC, then immediately bought the BTC back. In fact, BitPay even offered to sell the BTC back to customers... If the value of 1 BTC was $1 right now, they would be demanding USD back and not BTC. I am pissed off I didn't buy BTC back after my ASIC pre-orders, but I do not blame BFL one bit, only myself. Oh well, 1 year from now I will be glad I am holding my BTC now

Edit: also, back on topic, grats on the jalapeno OP! Can't wait for the Single SCs to start shipping!

If you had bought the right lottery ticket, you could be a millionaire right now!

The price on BFL's website, and on the order invoices, is listed in USD.

If I order something from Europe that's listed in Euros, Visa will do the currency conversion without me having to bother with it, but as far as the European company is concerned, they're being paid in Euros not USD.

I am quite new at BTC, but AFAIK the price was in USD and BTC was just the means of paying those USD's. I guess that anyone who believed BTC would go up, would have bought some BTCs to replace the ones used to order their BFL gear.

If the jalapeno did cost $150, and is received today, it should repay itself in something like 4 days.

Will it?

23 BTC is now worth....3266.03226 USD (or about 22 jalepenos)

So...how about someone do some math on the difficulty going up with a constant period of adjustment. What will it take to get back the 23BTC?

Scared is right to be happy because he invested 149$ in the bitcoin currency (through the jalapeno)
and his return will be 149+ $ (actually thousands of them).

Scared will be right to be happy that he invested in the bitcoin currency through the jalapeno
instead of directly buying bitcoins when his jalapeno will mine for him more than 23 BTC.

Please try cgminer. Read ASIC-README to get started since you need to install a different driver to run cgminer and avoid getting such terrible hardware error rates.

They can`t ship them out until they have mined enough money for themselves with the boards. "Testing units" according to them 

Err , im no rocket sugeon-ist buy that would imply Bitpay exchanges to USD at time of purchase to give to the vendor.. Which is exactly what Bitpay does..

WHAT DID YOU JUST SAY RETARD