Post
Topic
Board Hardware
Re: Should I cancel my BFL 4/2/2013 Order?
by
Inaba
on 30/04/2013, 20:05:31 UTC
I understand it just fine, you don't seem to understand basic math.  Show your work or you're just making crap up.  

There's plenty of projections that show a positive ROI even at 100x difficulty and beyond.  I have yet to see a single credible projection that doesn't show a positive ROI at some point within 2 - 3 years with all the worst case scenarios coming into play at the same time .

I trust Organofcorti's calculations far more than I trust your speculation.


Based on past history an April order will be likely delivered in 2014, when difficulty will be very high. Sorry, I'm basing this assumption on facts: continuous delays, huge backlog, etc. Organofcorti's calculations arrive only to July this year, and still you can see below how he forecasted a x10 increase in just three months. If that trends continues.... Well, good luck with having a ROI at 1,000x.

Another fact is that you are not guaranteeing any delivery date. That's a huge risk in mining business, because as you acknowledged if you don't get your mining unit early enough so you can recoup your costs in the very first weeks, you won't ROI at all. And BTW, if you trust organofcorti's calculations you should know he wrote literally:

Quote
Notice that the BFL Single SC at $2500 / 50 Ghps (currently 19.2 btc / 50 Ghps, or 0.38 btc / Ghps) is quite profitable, right up to the end of May. It would need about twenty days mining to pay for itself, and once the 0.38btc / Ghps threshold is reached will return 200% of the purchase cost within the next seventy days. Based on this estimate, if I could be guaranteed delivery by the end of May I'd purchase a BFL Single SC.

Source: http://organofcorti.blogspot.com.es/2013/04/915-fair-price-for-asic-miner.html

But, the point is you cannot guarantee delivery by the end of May - true? Maybe to him, to try to get some nice publicity, but not for the rest of us.

I am a BFL customer too, so I'm not enjoying this situation.





So you post the image of the hashrate as if it supports your opinion. However, even taking the most conservative number on that chart, 486 TH/s, a BFL single would still earn between .4 and .5 BTC a day.  That's $70 a day, or $2100 per month.  A 1 month 100% ROI at 486 TH network hashrate.  If the network hashrate is anything LESS than 486 TH, your 100% ROI timeframe drops dramatically.

Yes... once again, only in the bitcoin world is a 1 month 100% ROI cause for panic and bitching, heh.



So you are guaranteeing here that an April order like the one we are discussing in this post will be delivered in July?

You represent a company, I'd appreciate some clear and honest statements instead of trolling.


BFL does not participate in Bitcontroll.org, sorry.  I don't represent anything but myself here.