Who here regrets not ordering a BFL unit?

mpechs

newbie

Activity: 4

Merit: 0

i ordered a Little Single SC (25 GH/s, https://products.butterflylabs.com/25-gh-s-bitcoin-miner.html) in january and i just gave up on BFL, but now that more and more videos and articles are popping up everywhere i'm hoping again..

the good thing is i only payed around 650€ for it at the time. and i split that with my roommate Wink

so if the units would be here today i could make around 1.2 BTC/day making my ROI in 5 days..
but since i ordered so late i guess i'll have to wait at least 3-4 months, if not until the end of the year.. by then it may take months to get a ROI.

BitshireHashaway

full member

Activity: 182

Merit: 100

The way it seems to work is you could have gotten in early and taken a risk, and gotten a short, good return on investment, or gotten in later with less risk, but a longer return on investment. I personally will order one once they start shipping and as long as I make my money back and cover the 720w/day in electricity (like $0.25/day where I am), then I'll be fine. I'm guessing I should be able to do that pretty easily because right now I'm getting ~$0.15/day with my Alienware laptop at 20mH so if I increase to 5gH, even if the difficultly increases 10 fold, I should still be making $4.50/day.

BitMagnet

newbie

Activity: 11

Merit: 0

I would have regretted not ordering one - but I did. I regret not ordering more than one!

The_Authorities

newbie

Activity: 25

Merit: 0

Free market dictates a new asic will come out cheaper within the year

brendm

newbie

Activity: 13

Merit: 0

I ordered one fairly early and I have no regrets. We'll see how it goes.

SgtSpike

legendary

Activity: 1400

Merit: 1005

Quote from: Matthew N. Wright on April 27, 2013, 01:33:23 AM

Even if BFL delivered TODAY, on spec even, it has already become a horrible, horrible investment in comparison to Avalon.

I'm sure everyone who pre-ordered with BFL (or bASIC for that matter) would love to have known the future and have ordered a first batch Avalon instead. But hindsight is 20/20. I wish I knew Wednesday's lottery draw numbers on Monday, and I wish I knew the price of BTC would rise from $2 up to $266.

So yes, of course a first-batch or second-batch Avalon would have been a much better investment, but that doesn't make a BFL order horrible. At least, I still have no regrets about mine...

BTCClicks

member

Activity: 104

Merit: 10

Well, by they time they ship, difficulty will be through the roof.

hakonf

newbie

Activity: 5

Merit: 0

If the cake is always getting bigger (total mhashes), your piece will at first become bigger, but then it will get smaller and smaller.
Don't think I will buy any ASIC-miners yet ;-)

Tomintx

member

Activity: 69

Merit: 10

Hey - I ordered a Jalapeno shortly before price increase. $150 is a gamble, and if difficulty is less than 100M when I finally get it (IF I ever get it) it might actually earn its keep. We'll see.

TRiMBY

newbie

Activity: 6

Merit: 0

Not me! Check out this super-mature response to a couple of customer questions that they posted on their forum: https://forums.butterflylabs.com/blogs/bfl_jody/124-why-did-you-raise-your-prices.html

Word on the street is they're unable to stay within their thermal envelope, to the extent that their Mini Rig SC is now NLA...sorry, "out of stock"...due to an inability to vent all the heat generated inside the case. It seems that they over-promised, and instead of under-delivering have chosen not to deliver at all in favor of trying to work out the bugs. At this rate, by the time they do ship, difficulty may be so high (due to other manufacturers actually shipping ASIC miners en masse) that nobody will ever be able to achieve ROI...particularly since they just doubled their prices!

They evidently do have a prototype ASIC, however, so it's not total vaporware. bitcointalk.org user 'grnberg' got a review unit of the Jalapeno and popped it open: of the two chips installed, one was a dud, and the other was overclocked to compensate. It's a start. I'll spend my money elsewhere.

Matthew N. Wright

hero member

Activity: 588

Merit: 500

Hero VIP ultra official trusted super staff puppet

lol@ "Who here regrets not ordering a BFL unit?"

Who here regrets NOT..

dealing with abuse everytime they try to figure out what's happening with their order?
being lied to on a regular basis?
waiting 7+ months (and still waiting) for anything to actually be shipped?
watching their opportunity costs rise and their bitcoins quadruple in value while they sit on their hands?

Even if BFL delivered TODAY, on spec even, it has already become a horrible, horrible investment in comparison to Avalon.

andresbonilla

newbie

Activity: 6

Merit: 0

I waited until they began shipping to order my Jalapeño. Should arrive in July.

Scrappy Do

hero member

Activity: 686

Merit: 500

Actually, looking at it now, I ordered 9k worth of BFL gear, and my CC# was rejected. I then proceeded to use my bank account through paypal as I thought maybe my CC was rejecting order due to the size of purchase, but this was not the case. Paypal said no. Mind you, both accounts were well able of said purchase. There is more to it than we can see. I said to heck with my order, and building GPU's as we speak.

TracerX

hero member

Activity: 918

Merit: 1002

Quote from: Bitsaurus on April 23, 2013, 04:16:33 AM

Quote from: justabitoftime on April 21, 2013, 03:23:17 AM

Quote from: needmorecoins on April 20, 2013, 10:38:16 PM

So due to recent videos of one user's demo/pre-release video of a single...who here are starting to change their mind about ordering from BFL?

A better question would be , "Do you regret not purchasing an Avalon instead of dealing with BFL". I could answer that one in a heartbeat!

This. Got my BFL refund long time ago and made back the loss by trading. I hate trading but I would hate waiting for "soon" even more.

I did the same thing. Got my refund on my single last week. May regret it, but feeling better about it every day.

Coreyok96

newbie

Activity: 16

Merit: 0

Quote from: Socket54 on April 26, 2013, 10:21:13 PM

if you don't have one these running in the next few months, to me there is no point of having one. The difficulty will be too high and the profi margin back to pre-acis levels.

This. The first people to receive ASICs are going to be the ones that truly make a large profit. People with the first batch of Avalon ASICs would be very happy with their purchase right now, as the difficulty is still low enough for them to make a good profit. As BFL starts to ship through all of their pre-orders, the difficulty will rise and it will be a lot like GPU/FPGA mining is now.

Socket54

full member

Activity: 148

Merit: 102

if you don't have one these running in the next few months, to me there is no point of having one. The difficulty will be too high and the profi margin back to pre-acis levels.

Creenome

newbie

Activity: 19

Merit: 0

IMO BFL are the only ones benefiting from these units. As each unit comes onling the difficulties obviously going to get higher. People speculate the BTC/day for these units but I think everyone who purchased one is going to be very upset after day one.

Bitsaurus

hero member

Activity: 873

Merit: 1007

Quote from: justabitoftime on April 21, 2013, 03:23:17 AM

Quote from: needmorecoins on April 20, 2013, 10:38:16 PM

So due to recent videos of one user's demo/pre-release video of a single...who here are starting to change their mind about ordering from BFL?

A better question would be , "Do you regret not purchasing an Avalon instead of dealing with BFL". I could answer that one in a heartbeat!

This. Got my BFL refund long time ago and made back the loss by trading. I hate trading but I would hate waiting for "soon" even more.

MikeyNick

newbie

Activity: 28

Merit: 0

Quote from: needmorecoins on April 22, 2013, 07:42:58 PM

Quote from: Joshster on April 22, 2013, 07:15:54 PM

I was looking at shipping costs and it's around 200 USD just to ship to the UK, not sure if I want to order or not. Sad

Considering your fiat profits from mining is tied to exchange rates, and the definite rise in difficulty (some projecting it to be 90 million+ by end of year) then it's probably better off buying some coins instead of putting that fiat money in limbo and hoping BFL delivers. Just my opinion though.

I agree, might as well play the market and make something than hope they actually deliver.

robberdub

newbie

Activity: 7

Merit: 0

Possibly there's a warehouse full of BFL miners making someone lots of money right now;
if the price of bitcoins plummets watch how many ASIC miners are suddenly available
on the market.

Topic: Who here regrets not ordering a BFL unit? (Read 2630 times)