Topic: WTS BFL Jalepeno 5 GH/s #20XX order date 6/25/12 - page 2. (Read 2449 times)

Quote from: SkRRJyTC on May 06, 2013, 06:01:59 PM

i really really doubt that someone is offering u 35 BTC for 5GH .. thats insane

ROI in a year is not insane.

Your calculation of ROI in a year assumes that the difficulty of bitcoin is not going to change. We all know that this assumption is simply wrong.

You are incorrect. If difficulty didnt change 35 BTC would ROI in ~ 4 months.

Let's do some calculations. At current difficulty, 5 GH/s gives about 0.22 BTC/day, correct?

So, that is 6.6 BTC per month, and so ROI is about 5.45 months.

The question is what is the rate of decay of the rewards.

An even bigger question, which you have not explained yet, is why do you want to sell it if it is such a good deal?

It looks like you are trying to pass on a hot potato.

Let me be clear: we are not talking about an item that is in your possession, but rather an item that G-d knows when will be delivered.

http://www.alloscomp.com/bitcoin/calculator

I probably will end up keeping it and mining many more than 35 BTC in its lifetime. But if I could get some BTC now I could invest them into other things. Just trying to make my 25 BTC purchase sting a little less.

BTC will sit in escrow until the item is actually delivered.

No hot potato or scam here.

drlukacs

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l0tt0.com

Quote from: drlukacs on May 06, 2013, 06:01:00 PM

Quote from: drlukacs on May 06, 2013, 06:01:00 PM

i really really doubt that someone is offering u 35 BTC for 5GH .. thats insane

ROI in a year is not insane.

Your calculation of ROI in a year assumes that the difficulty of bitcoin is not going to change. We all know that this assumption is simply wrong.

You are incorrect. If difficulty didnt change 35 BTC would ROI in ~ 4 months.

Let's do some calculations. At current difficulty, 5 GH/s gives about 0.22 BTC/day, correct?

So, that is 6.6 BTC per month, and so ROI is about 5.45 months.

The question is what is the rate of decay of the rewards.

An even bigger question, which you have not explained yet, is why do you want to sell it if it is such a good deal?

It looks like you are trying to pass on a hot potato.

Let me be clear: we are not talking about an item that is in your possession, but rather an item that G-d knows when will be delivered.

SkRRJyTC

legendary

Activity: 1008

Merit: 1000

i really really doubt that someone is offering u 35 BTC for 5GH .. thats insane

ROI in a year is not insane.

Your calculation of ROI in a year assumes that the difficulty of bitcoin is not going to change. We all know that this assumption is simply wrong.

You are incorrect. If difficulty didnt change 35 BTC would ROI in ~ 4 months.

drlukacs

sr. member

Activity: 854

Merit: 253

l0tt0.com

i really really doubt that someone is offering u 35 BTC for 5GH .. thats insane

ROI in a year is not insane.

Your calculation of ROI in a year assumes that the difficulty of bitcoin is not going to change. We all know that this assumption is simply wrong.

SkRRJyTC

legendary

Activity: 1008

Merit: 1000

Quote from: drlukacs on May 06, 2013, 05:18:49 PM

i really really doubt that someone is offering u 35 BTC for 5GH .. thats insane

ROI in a year is not insane.

rammy2k2

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i really really doubt that someone is offering u 35 BTC for 5GH .. thats insane

SkRRJyTC

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Activity: 1008

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Quote from: drlukacs on May 06, 2013, 05:18:49 PM

Even with some severe difficulty increases a ROI of 1 year seems like a good investment to me.

There is going to be a premium involved in buying your way to the front of a very long pre order line as well.

I paid 25 BTC for this pre order (Yes, you can point and laugh, but that was the price back then), if there are no better offers I will simply mine the coins myself as I originally intended.

If mining with it is such a good deal, then why do you not keep itself to yourself?

Your calculations seem to be completely missing the (what appears now as) exponentially increasing difficulty.

My offer of 0.75 BTC stands. It is a good offer. :-)

I probably will end up keeping it and mining many more than 35 BTC in its lifetime. But if I could get some BTC now I could invest them into other things. Just trying to make my 25 BTC purchase sting a little less.

Thanks for your offer. It is currently 34.25 BTC short of the best offer.

rammy2k2

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lets come back to reality ... i offer 5 BTC

SgtSpike

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Even with some severe difficulty increases a ROI of 1 year seems like a good investment to me.

There is going to be a premium involved in buying your way to the front of a very long pre order line as well.

I paid 25 BTC for this pre order (Yes, you can point and laugh, but that was the price back then), if there are no better offers I will simply mine the coins myself as I originally intended.

If mining with it is such a good deal, then why do you not keep itself to yourself?

Your calculations seem to be completely missing the (what appears now as) exponentially increasing difficulty.

My offer of 0.75 BTC stands. It is a good offer. :-)

That's a terrible offer.

drlukacs

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Activity: 854

Merit: 253

l0tt0.com

Even with some severe difficulty increases a ROI of 1 year seems like a good investment to me.

There is going to be a premium involved in buying your way to the front of a very long pre order line as well.

I paid 25 BTC for this pre order (Yes, you can point and laugh, but that was the price back then), if there are no better offers I will simply mine the coins myself as I originally intended.

If mining with it is such a good deal, then why do you not keep itself to yourself?

Your calculations seem to be completely missing the (what appears now as) exponentially increasing difficulty.

My offer of 0.75 BTC stands. It is a good offer. :-)

SgtSpike

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Quote from: SgtSpike on May 06, 2013, 12:48:10 PM

Quote from: bcpokey on May 06, 2013, 12:34:12 PM

To be fair we haven't actually seen anyone say 35BTC. And clearly if such a person exists, they are doing it quietly on purpose (silly price).

Very good point. The OP could be just making up numbers to drive the price higher for all we know.

It is a legitimate offer.

5 Gh/s will mine ~8 BTC per month.

Even with some severe difficulty increases a ROI of 1 year seems like a good investment to me.

There is going to be a premium involved in buying your way to the front of a very long pre order line as well.

I paid 25 BTC for this pre order (Yes, you can point and laugh, but that was the price back then), if there are no better offers I will simply mine the coins myself as I originally intended.

No pointing and laughing coming from me - I paid 450 BTC for two SC Singles.

Quote from: SkRRJyTC on May 06, 2013, 01:10:28 PM

Quote from: SgtSpike on May 06, 2013, 12:23:25 PM

Quote from: SgtSpike on May 06, 2013, 12:23:25 PM

I offer 0.75 BTC for the item.

Current best offer is 35 BTC.

This just boggles my mind.

Someone is willing to pay 35 BTC for a 5GH/s miner, effectively 7 BTC per GH/s, but no one is willing to buy my first-day preorder for an SC Single (60GH/s) for less than half that rate (200 BTC, effectively 3.33 BTC per GH/s).

I don't get it.

It could be that Jales exist in the wild and singles dont. Waiting for singles to be developed could take a while...

Valid point as well.

SkRRJyTC

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Quote from: SgtSpike on May 06, 2013, 12:48:10 PM

I offer 0.75 BTC for the item.

Current best offer is 35 BTC.

This just boggles my mind.

Someone is willing to pay 35 BTC for a 5GH/s miner, effectively 7 BTC per GH/s, but no one is willing to buy my first-day preorder for an SC Single (60GH/s) for less than half that rate (200 BTC, effectively 3.33 BTC per GH/s).

I don't get it.

It could be that Jales exist in the wild and singles dont. Waiting for singles to be developed could take a while...

SkRRJyTC

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Activity: 1008

Merit: 1000

Quote from: bcpokey on May 06, 2013, 12:34:12 PM

To be fair we haven't actually seen anyone say 35BTC. And clearly if such a person exists, they are doing it quietly on purpose (silly price).

Very good point. The OP could be just making up numbers to drive the price higher for all we know.

It is a legitimate offer.

5 Gh/s will mine ~8 BTC per month.

Even with some severe difficulty increases a ROI of 1 year seems like a good investment to me.

There is going to be a premium involved in buying your way to the front of a very long pre order line as well.

I paid 25 BTC for this pre order (Yes, you can point and laugh, but that was the price back then), if there are no better offers I will simply mine the coins myself as I originally intended.

SgtSpike

legendary

Activity: 1400

Merit: 1005

Quote from: bcpokey on May 06, 2013, 12:34:12 PM

To be fair we haven't actually seen anyone say 35BTC. And clearly if such a person exists, they are doing it quietly on purpose (silly price).

Very good point. The OP could be just making up numbers to drive the price higher for all we know.

bcpokey

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To be fair we haven't actually seen anyone say 35BTC. And clearly if such a person exists, they are doing it quietly on purpose (silly price).

SgtSpike

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Activity: 1400

Merit: 1005

Quote from: ?? on ??

Quote from: SgtSpike on May 06, 2013, 12:23:25 PM

I offer 0.75 BTC for the item.

Current best offer is 35 BTC.

This just boggles my mind.

Someone is willing to pay 35 BTC for a 5GH/s miner, effectively 7 BTC per GH/s, but no one is willing to buy my first-day preorder for an SC Single (60GH/s) for less than half that rate (200 BTC, effectively 3.33 BTC per GH/s).

I don't get it.

I have the very first 60 ghs order, id sell for 200 or so BTC too.

seems odd

I think mine is technically before yours (converted order from 6/14). Wink

SgtSpike

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Activity: 1400

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I offer 0.75 BTC for the item.

Current best offer is 35 BTC.

This just boggles my mind.

Someone is willing to pay 35 BTC for a 5GH/s miner, effectively 7 BTC per GH/s, but no one is willing to buy my first-day preorder for an SC Single (60GH/s) for less than half that rate (200 BTC, effectively 3.33 BTC per GH/s).

I don't get it.

SkRRJyTC

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Activity: 1008

Merit: 1000