Topic: Request all the Mining Company supplying the Asic Miner to Consider this option! (Read 1661 times)

You need price of bitcoin at $10 for this to work.

Yes I agreed. They are taking advantage of the consumers liked you and me. Price of bitcoin has gone done quite a bit.

I think by December there will be at least 4 asic miner supplies . I hope they will start treating customer like customers and have short bead time eg 1 week to ship and good customer support . At present it a supply demand situation and a lot of us as P*ssed off  by a bunch of non preforming suppliers.

Yes, this will be perfect.
Or better you just need to provide bank\paypal\whatever data and they should send money directly 

If BFL wanted to mine for themselves they would have taken the ASICMINER approach, developing and making their own miners for themselves while they sell shares of the company.

Agree that support is part of the business requirements. Hence they can choose to not go into that business - I don't think it's about being lazy, it may be about greed or what makes more business sense from an capital expenditure perspective. 

You can sell Ferraris or Hondas, each has a different customer profile and different "support requirements" - you can factor in the variable costs for each and see which one you want to do. There are plenty of profitable businesses from either spectrum - large margin, or large volume.  Some businesses have both (software?), I'm not sure if ASIC devices fit into that realm yet and worth setting up the infrastructure cost since it's moving at breakneck speeds.

This idea is stupid, you're basically asking them to cover power and hosting till you have 90% ROI. What's in it for them? More risk, complaints and less profit if you consider the fact they are using KWs of electricity, having to deal with the heat that entails and then having to ship each device once it's 'broken even'.

Sorry but this is the real world, idealists attempting to profit will get screwed over in bitcoin mining, go with an established company like enterpoint if you want a turnkey solution, or go with any one of the cowboy companies and take a risk.

part and parcel of any business support is your job. if you want to set up your business don't be lazy in support. group buy is for benefit of the person who initiate them and are for profit purposes.

I think this model is largely solved by the various group buy opportunities as well as the DIYers with chips. Also, don't forget that the more customers there are the more customer support and overhead that is required. And I'm sure with the model you presented there will be dozens of people screaming about how they didn't get their miners 3 seconds after they have been paid off. Who wants to deal with that?

they need other payment options and not help fund their venture by pre order.

Interesting idea. It partially shifts risk from equipment buyer to BTC itself.

First few problem that I see is:

1) NRE is in 100's of thousands to millions, if only 25% is paid that means that there needs to be more units sold to start the production. or, additional units sold to finish the production as Avalon did.

2) MFG doing mining on customer's equipment beyond testing is not very good precedent.

3) What if first 75% will take 2 years and at that time customer gets equipment that can't produce any BTC ? I think that customer will be more pissed in that case compared with paying 100% and recovering only 75% in BTC at the time, although the outcome initially is the same if BTC doesn't go up.
But, 75% in BTC should increase in value over time and compensate very well for missing 25%, in to 100's%, but Zero BTC can't increase in value to compensate for 25%.

4) Concentrating so much mining power under one control is not a good idea, assuming it will take some month to mine 75% while MFG continue to make more equipment.

5) Not thinking very deeply, I think that you end up with same % of return per day whether you pay 100% or 25%, because by the time you get equipment difficulty will move to compensate for increased network. So your ROI will be the same number of weeks whether you pay 100% or 25%.

If you don't want to pay X/GH then you should wait till it's 1/4X per GH.

Basically, price per GH of equipment will continue to decrease, but BTC mined during that time should continue to increase over time if you just hold them.

We hope they will take  this into account so we all can afford to have more miners " share the risk and share the cost"

I think the theory of this is sound, but the task of maintaining a record of who's miner is who's and how much they've all mined seems like it might get a bit much.

AsicMiner got around this by issuing shares, and collectives pretty much do the same thing but in this case you've still got to return the miner (in a timely manner too of course) to the owner after you've been paid off. So saying, if something like this could be done & minimizing the owners' risk then it would probably incentivize me to buy more equip as well.

You are right Mr.Wayne, we know your predicament , they took your machine and mine the hell out of them and probably they are still doing that really have empathy on you. Do keep us update daily on your progress. The longer they keep your miner the more missiles they will get from you

Your proposal is base on all the people involved are honest.
Obviously, this is impossible as someone already proved used customer's machine to mine money for himself.

Selling the shovels rather than using the shovels are quick and good money for those who sells  the Asic Miner. only those sincere ones will have this option. They get more sales and customer happy to buy more machines.

they have their NRE and other costs, free is not possible, but paying a portion to help out in their development costs might be appealing and acceptable to them.

Avalon and butterfly was using customer miner for their own mining for months and kept the coins to themselves. honest and down to earth asic  mining hardware company will never do unethical stuffs, really would help decentralized mining and make bitcoin mining a fair game. by the way we would get a couple of mining hardware if this is another payment methods.

They could just build them and mine until they have covered the cost.

Then post them all to me for free...

if tis can be another payment term, i would be buying 10 machine instead of 1