YIFU IS AUCTIONNING? - page 16. | Bitcointalksearch.org

itod

legendary

Activity: 1974

Merit: 1077

^ Will code for Bitcoins

Quote from: zerocode20 on October 15, 2013, 06:12:21 AM

Has there been any confirmation that the Gen II chips will be compatible with the original footprint?

Which Gen II chips? I don't believe Yifu is able to produce anything worth buying in the 28nm era. Even if he does accomplish that, nobody will preorder anything from him, ever. He maybe alive and well, but business-wise he is dead.

zerocode20

member

Activity: 84

Merit: 10

Quote from: dogie on October 15, 2013, 06:10:29 AM

Quote from: zerocode20 on October 15, 2013, 06:02:40 AM

Quote from: dogie on October 15, 2013, 05:46:49 AM

Its got to the point where it is costing him more to store them than it costs to send them around the world which is more than they're worth in purchase price to us.

How sad Sad

So what happened previously with this YIFU guy? He held back all the chip shipments until they were worthless and then didn't refund the buyers money or offer a discount on Gen II chips? Meanwhile, Avalon developers were stuck with bare PCB's?

He offered refunds on ALL chips, including non delayed chips. Buyers took him up on that, leaving avalon developers with bare PCBs.

That's messed up. Has there been any confirmation that the Gen II chips will be compatible with the original footprint?

dogie

legendary

Activity: 1666

Merit: 1185

dogiecoin.com

Quote from: zerocode20 on October 15, 2013, 06:02:40 AM

Quote from: dogie on October 15, 2013, 05:46:49 AM

Its got to the point where it is costing him more to store them than it costs to send them around the world which is more than they're worth in purchase price to us.

How sad Sad

So what happened previously with this YIFU guy? He held back all the chip shipments until they were worthless and then didn't refund the buyers money or offer a discount on Gen II chips? Meanwhile, Avalon developers were stuck with bare PCB's?

He offered refunds on ALL chips, including non delayed chips. Buyers took him up on that, leaving avalon developers with bare PCBs.

zerocode20

member

Activity: 84

Merit: 10

Quote from: dogie on October 15, 2013, 05:46:49 AM

Its got to the point where it is costing him more to store them than it costs to send them around the world which is more than they're worth in purchase price to us.

How sad Sad

So what happened previously with this YIFU guy? He held back all the chip shipments until they were worthless and then didn't refund the buyers money or offer a discount on Gen II chips? Meanwhile, Avalon developers were stuck with bare PCB's?

zerocode20

member

Activity: 84

Merit: 10

With the auction ending at 12PM EST, here are the current bids:

rograz

hero member

Activity: 575

Merit: 500

if they actually had all of these units ready and made for shipping when they first announced the auction they would probably have made 2x as much (if not more) by just selling them directly for immediate shipping, this Tradehill auction is just silly.

dogie

legendary

Activity: 1666

Merit: 1185

dogiecoin.com

Its got to the point where it is costing him more to store them than it costs to send them around the world which is more than they're worth in purchase price to us.

How sad Sad

zerocode20

member

Activity: 84

Merit: 10

Quote from: ?? on ??

2 btc for a 60gh rig is expensive i agree.

how about those 23gh modules that are STILL up for 3.80BTC

have the lunatics actually taken over the asylum??

It is expensive if you are expecting an ROI. 30GH BFL devices are still selling for over $1k on eBay. Tell me that is not ridiculous!?

zerocode20

member

Activity: 84

Merit: 10

Quote from: joeventura on October 14, 2013, 06:31:28 PM

Quote from: zerocode20 on October 14, 2013, 05:34:28 PM

Not bad if you can pick them up for 2-2.5btc. I am planning on picking up 2. Hopefully I don't get screwed.

And you are what is wrong in this scenario.

Then you pay a few coins and don't get what you paid for or when you paid for it. and then you bitch and complain. Why put another penny in this assholes pocket for what he has done and all the businesses he has ruined??!?!

Let him shove them up his ass.

Unfortunately, I do not totally understand what happened with Tradehill and the forum members. All I know is that these units with sell for more than quadruple their cost on eBay. That is much greater than every worrying about ROI. I could even mine with them for a month and still manage to sell them and make a profit. Additionally, I have no grounds for complains as bitcoin and mining is a fun hobby for me since I am an engineer geek.

sikman

hero member

Activity: 572

Merit: 500

are these units held in USA by tradehill or will they be shipped out of Avalons warehouse from China? I sent an email to tradehill but got no reply as I want to make sure shipping to Australia wont be a problem

rograz

hero member

Activity: 575

Merit: 500

well if they do manage to turn a positive ROI (they most likely will if they are sent within 48h as auction states, good luck!) you have a lot of alu scrap you can sell for added profit! Grin

greaterninja

hero member

Activity: 924

Merit: 1000

Quote from: rudrigorc2 on October 15, 2013, 03:02:28 AM

next diff adjust will be very close to 40%

2 btc is very expensive price for these units.

currently [email protected]% difficulty jump right now. was at 28% this morning. Its most likely gonna hit 35-55% by the 10 day mark.

rudrigorc2

legendary

Activity: 1064

Merit: 1000

next diff adjust will be very close to 40%

2 btc is very expensive price for these units.

edgar

legendary

Activity: 1848

Merit: 1001

Quote from: iikun on October 15, 2013, 02:12:17 AM

I would've had a go at 2 or 2.1 say, but too late now to start the docs process.
Bitsyncom must have been stuck with a lot of chips for it to be worth their while to assemble these & ship worldwide for 2btc, unless there is something I'm missing?

most of us are missing the BTC that yifu 'didnt premine' with all our rigs...

i imagine the buyer of the 500 rigs thinks they are going to be a good investment.

much more likely is that yifu or his crew just placed 500 x 2btc bids to make it look like they are popular/selling out fast...

i certainly wouldnt put it past him

iikun

legendary

Activity: 1062

Merit: 1003

I would've had a go at 2 or 2.1 say, but too late now to start the docs process.
Bitsyncom must have been stuck with a lot of chips for it to be worth their while to assemble these & ship worldwide for 2btc, unless there is something I'm missing?

rocks

legendary

Activity: 1153

Merit: 1000

Quote from: zerocode20 on October 14, 2013, 05:34:28 PM

Not bad if you can pick them up for 2-2.5btc. I am planning on picking up 2. Hopefully I don't get screwed.

Why? You are going to go through a huge amount of risk and hassle to spend 2 BTC and maybe receive 2.5 BTC back, only if everything goes correctly. If anything goes wrong you will lose BTC on the entire transaction.

Why not just go to coinbase.com or some other site and purchase 0.5 BTC today. Zero risk and bother, and you end up with the same amount of BTC in the end (2 BTC that you did not spend plus 0.5 BTC that you bought).

My point is these devices are barely going to return a few BTC before it makes economical sense to turn them off. That is so little I just can not see how it is worth the time and effort at this point.

ProfMac

legendary

Activity: 1246

Merit: 1002

All 500 units have been bid on now. The price is starting to rise above 2.000 BTC.

joeventura

hero member

Activity: 854

Merit: 500

Quote from: zerocode20 on October 14, 2013, 05:34:28 PM

Not bad if you can pick them up for 2-2.5btc. I am planning on picking up 2. Hopefully I don't get screwed.

And you are what is wrong in this scenario.

Then you pay a few coins and don't get what you paid for or when you paid for it. and then you bitch and complain. Why put another penny in this assholes pocket for what he has done and all the businesses he has ruined??!?!

Let him shove them up his ass.

dogjunior

sr. member

Activity: 407

Merit: 255

I would not buy anything from YIFU. He name in English mean "yes I fucked you".

greaterninja

hero member

Activity: 924

Merit: 1000

Quote from: zerocode20 on October 14, 2013, 05:34:28 PM

Not bad if you can pick them up for 2-2.5btc. I am planning on picking up 2. Hopefully I don't get screwed.

my analysis shows bidding anything over 2.5 btc per unit is a significant risk. Hashrate extrapolation shows difficulty will now jump by at least 30% (probably 33+% as thats about the average for reach interval jump.

This does not even factor BitSyncom's "clearing price" and if you have to buy your own power supply, etc. To be conservative its best to assume there will be no power supply and BitSyncom will try and charge other fees that are not disclosed.

2-2.5 btc max. 3 btc you stand a chance to lose money.

Topic: YIFU IS AUCTIONNING? - page 16. (Read 22106 times)