The price of New Blade and Mini Blade was announced by rockxie - page 3.

Damnsammit

sr. member

Activity: 406

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Quote from: nubbins on July 10, 2013, 05:47:41 PM

I've sold 3 mining rigs (pi, hub, 5 erupters) and 5 single erupters on ebay, no chargebacks. I think the frequency of chargebacks is blown out of proportion. Much more common is deadbeat bidders, which waste your time.

There are a ton of better reasons to not use ebay/paypal: 13% fees, holding your cash for 3 weeks, etc.

Holy shit! 13% fees!?

I haven't used eBay/Paypal in forever. I was just going to let my wife handle the sale since she is an eBay nut. Didn't realize the fees were that high!

nubbins

legendary

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Quote from: Damnsammit on July 10, 2013, 02:53:36 PM

Quote from: pikeadz on July 10, 2013, 02:48:02 PM

I can't believe people still do this despite all the scammers that have been charging back and using stolen credit cards to buy them. Good luck with that.

I assume that is all through Paypal?

I've sold 3 mining rigs (pi, hub, 5 erupters) and 5 single erupters on ebay, no chargebacks. I think the frequency of chargebacks is blown out of proportion. Much more common is deadbeat bidders, which waste your time.

There are a ton of better reasons to not use ebay/paypal: 13% fees, holding your cash for 3 weeks, etc.

Xian01

legendary

Activity: 1652

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Christian Antkow

Quote from: derr777 on July 10, 2013, 05:10:33 PM

of course i've said that with every AM offering thus far. Somehow, hes finding people, on this board even, who will pay a price that will never make them a dime.
Am I destined to just never understand?

You and I both are just destined to never understand. This is a hobby of mine. I'm spending my Bitcoins on gear to mine more Bitcoins.

Since taking delivery of all my AM gear, I've mined more than enough coins in the last 60 days to buy at least another two new 10GHs blades when they become available. Throw my AM shares into the mix and I'm in pretty good shape.

I'm in it for the fun-factor. ROI isn't everything for some. Trying to look 1-2 years down the road; same strategy as I employed with my GPU farm, which paid off nicely in BTC and allows for my ASIC expenditures with no fiat out.

YMMV of course.

Damnsammit

sr. member

Activity: 406

Merit: 250

Quote from: chanberg on July 10, 2013, 05:00:30 PM

Quote from: bitterdog on July 10, 2013, 03:06:58 PM

according to this:
http://translate.googleusercontent.com/translate_c?spm=2013.1.0.0.vOM5Uh&depth=1&hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=auto&tl=en&u=http://item.taobao.com/item.htm%3Fid%3D26136168590&usg=ALkJrhiVdhqkLTSjKN41Uyf6bp8vwnN1JQ

Erupters are 88 Yuan that's what? $17 USD?

you cant trust the chinese!~

FYI

I believe the owner of that site stated in another thread that it is "earnest money" listed there... meaning you have to pay that much if you intend on buying it, but the current price in Chinese yuan is 5000/10000

derr777

member

Activity: 87

Merit: 10

not even remotely attractive at this price.. with a near end of july delivery, these aren't attractive above 10btc in my opinion..

of course i've said that with every AM offering thus far. Somehow, hes finding people, on this board even, who will pay a price that will never make them a dime.

Am I destined to just never understand?

chanberg

hero member

Activity: 672

Merit: 500

Quote from: bitterdog on July 10, 2013, 03:06:58 PM

according to this:
http://translate.googleusercontent.com/translate_c?spm=2013.1.0.0.vOM5Uh&depth=1&hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=auto&tl=en&u=http://item.taobao.com/item.htm%3Fid%3D26136168590&usg=ALkJrhiVdhqkLTSjKN41Uyf6bp8vwnN1JQ

Erupters are 88 Yuan that's what? $17 USD?

you cant trust the chinese!~

bitterdog

hero member

Activity: 728

Merit: 503

dApps Development Automation Platform

according to this:
http://translate.googleusercontent.com/translate_c?spm=2013.1.0.0.vOM5Uh&depth=1&hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=auto&tl=en&u=http://item.taobao.com/item.htm%3Fid%3D26136168590&usg=ALkJrhiVdhqkLTSjKN41Uyf6bp8vwnN1JQ

Erupters are 88 Yuan that's what? $17 USD?

Damnsammit

sr. member

Activity: 406

Merit: 250

Quote from: pikeadz on July 10, 2013, 02:48:02 PM

I can't believe people still do this despite all the scammers that have been charging back and using stolen credit cards to buy them. Good luck with that.

I assume that is all through Paypal?

Maybe I will just sell on CL or bitmit for a smaller profit.

pikeadz

full member

Activity: 238

Merit: 100

Quote from: Damnsammit on July 10, 2013, 09:36:05 AM

Quote from: PuertoLibre on July 10, 2013, 04:44:30 AM

Irony.

This said in a thread where people are buying miners at a loss.

So tell me again why people won't be buying hardware even when it is unprofitable?

This post is pretty.

I will be buying one in hopes of selling it on eBay for a profit.

I can't believe people still do this despite all the scammers that have been charging back and using stolen credit cards to buy them. Good luck with that.

DeathAndTaxes

donator

Activity: 1218

Merit: 1079

Gerald Davis

Quote from: ShawnP on July 10, 2013, 04:52:00 AM

Quote from: DeathAndTaxes on July 10, 2013, 03:50:03 AM

+18% forever of course.

That 7,300% increase per year.

You guys do realize there is an upper bound for difficulty and that is based on currently available hardware efficiency (MH/$ and MH/%). Miners won't deploy new hardware when it is unprofitable from day 0.

While difficulty won't increasing forever with 18% average or more, it will definitely be increasing for quite some time.
and by the time difficulty increases will be slowing down, 10Gh blade will be producing only 0.3-0.2BTC per month.
I expect difficulty around 200-300million by the end of the year.

TLDR it only makes some sense to buy with cash and not with Bitcoins as the blade will never return investment in BTC as some blade owners that bought them for 50 BTC are finding out.

If it doesn't make sense with Bitcoins it doesn't make sense with "cash" (fiat). By doesn't make sense I assume you mean the unit will never generate more than 18 BTC in mining revenue. Ok lets assume that is true.

If someone had cash they could just buy 18 BTC. By the assumption above the unit will never produce 18+ BTC therefore it is more profitable to just take your "cash" and buy BTC.

Damnsammit

sr. member

Activity: 406

Merit: 250

Quote from: bitbigbird on July 10, 2013, 11:17:56 AM

1999 and 3999 is part of the price. The real price is abot 5000 and 10000 according to the btc price.
But btc price is 9.88BTC/5G and 18.88BTC/10G.

If you have any questions, email to me : [email protected]

http://friedcat.taobao.com

9.88 / 18.88 = 0.5233

5000 / 10000 = 0.5

No discount for paying in yuan, just BTC?

bitbigbird

newbie

Activity: 53

Merit: 0

1999 and 3999 is part of the price. The real price is abot 5000 and 10000 according to the btc price.
But btc price is 9.88BTC/5G and 18.88BTC/10G.

If you have any questions, email to me : [email protected]

http://friedcat.taobao.com

Quote from: tidus_13 on July 10, 2013, 07:48:03 AM

wanna know why price is so high?

if you buy via taobao in china is it 1999 chinese yuan for 5GH/s 35W AND 3999 for 10GH/S 70W ?

http://friedcat.taobao.com/

1999yuan is like lower than 350USD so 350 / 78 current btc price = <5BTC??

Fjordbit

hero member

Activity: 588

Merit: 500

firstbits.com/1kznfw

Quote from: PuertoLibre on July 10, 2013, 04:44:30 AM

So tell me again why people won't be buying hardware even when it is unprofitable?

People who are buying this are inexperienced at mining. They probably started recently or haven't ever mined before at all. They see the present difficulty and don't understand how future difficulty changes will make what looks like a great investment now become an albatross later. The very reason for this price drop is because of past difficulty changes, and as others noted in this thread, the price is dropping faster than the blades are mining. Eventually difficulty will be so high that inexperienced miners will no longer run a calculation showing them getting $6000/yr from a $1400 item and will think twice about ordering.

Damnsammit

sr. member

Activity: 406

Merit: 250

Quote from: PuertoLibre on July 10, 2013, 04:44:30 AM

Irony.

This said in a thread where people are buying miners at a loss.

So tell me again why people won't be buying hardware even when it is unprofitable?

This post is pretty.

I will be buying one in hopes of selling it on eBay for a profit.

SoggyLettuce

full member

Activity: 238

Merit: 100

Is there no new usb miner or a price cut in the usb miners?

Ozymandias

sr. member

Activity: 644

Merit: 250

Quote from: Rampion on July 10, 2013, 08:39:23 AM

Quote from: yxxyun on July 10, 2013, 08:29:02 AM

the price is earnest only. 5G is 5200 yuan.

What do you mean by "earnest"?

Earnest money is similar to a down-payment/deposit to show the seller that you have interest in buying their product (and that declaration of interest is backed by cold hard btc)

ShawnP

newbie

Activity: 52

Merit: 0

Quote from: andrewsg on July 10, 2013, 07:56:47 AM

Quote from: ShawnP on July 10, 2013, 06:51:52 AM

Quote from: andrewsg on July 10, 2013, 06:05:14 AM

Quote from: ShawnP on July 10, 2013, 04:52:00 AM

TLDR it only makes some sense to buy with cash and not with Bitcoins as the blade will never return investment in BTC as some blade owners that bought them for 50 BTC are finding out.

How does that even begin to make sense to anyone? They don't sell for cash, they sell for BTC, so whether you pay in BTC you have, or pay cash for new BTC then pay in BTC it's exactly the same thing. If the blade will never ROI in BTC, how does it matter whether you used $ or BTC - just buy BTC and keep it.

Back to the topic at hand, future diff increases are impossible to predict, but obviously the device is very very unlikely to ROI. What's easier to predict is that morons will buy it anyway.

see goxed post
https://bitcointalksearch.org/topic/m.2696744

Parroting other people's ideas doesn't make them true.

My point was while it is that obvious buying BTC is better option,
some people want to mine and investing say 1k usd and getting back 1.5k is still better
than have money sitting doing nothing.

Rampion

legendary

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Quote from: yxxyun on July 10, 2013, 08:29:02 AM

Quote from: tidus_13 on July 10, 2013, 07:48:03 AM

wanna know why price is so high?

if you buy via taobao in china is it 1999 chinese yuan for 5GH/s 35W AND 3999 for 10GH/S 70W ?

http://friedcat.taobao.com/

1999yuan is like lower than 350USD so 350 / 78 current btc price = <5BTC??

the price is earnest only. 5G is 5200 yuan.

What do you mean by "earnest"?

NeedsBitcoin

newbie

Activity: 15

Merit: 0

Quote from: Anduck on July 10, 2013, 01:59:09 AM

Quote from: JimiQ84 on July 10, 2013, 01:50:40 AM

Quote from: Anduck on July 10, 2013, 01:26:40 AM

Guys? GUYS?

These units draw power a lot. Also they're very much overpriced.. Have you checked competitors (not BFL, BFL is not a competitor) products at all?

There is competitor who sells right now? I mean no pre-order shit, pure selling.

I don't know but BFSB products are shipping next month.

I'm skeptical when I read stuff like this (it makes me think butterfly labs):

https://bitcointalk.org/index.php?topic=251966.0;all

Quote

August delivery means by August 31st. This isn't an exact science, so I'm trying to give realistic dates. I hope to exceed expectations on that. I'm 100% confident in this team and the product. There's been so much development in the last 6 - 9 months that has been kept totally under wraps. By sending our chips out into the forum community we've got independent verification that they work - Intron and C-scape were able to tweak their Avalon design and already have Bitfury's chip hashing.

yxxyun

member

Activity: 99

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Quote from: tidus_13 on July 10, 2013, 07:48:03 AM

wanna know why price is so high?

if you buy via taobao in china is it 1999 chinese yuan for 5GH/s 35W AND 3999 for 10GH/S 70W ?

http://friedcat.taobao.com/

1999yuan is like lower than 350USD so 350 / 78 current btc price = <5BTC??

the price is earnest only. 5G is 5200 yuan.

Topic: The price of New Blade and Mini Blade was announced by rockxie - page 3. (Read 8565 times)