Quote from: Bitcoinorama on June 20, 2013, 02:58:38 PM

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Quote from: gigavps on June 20, 2013, 12:09:41 AM

Quote from: erk on June 20, 2013, 12:07:15 AM

If you only plug in one of the power supplies, does the device still function but only running up half the boards at 250GH/s?

Just thinking about if a breaker trips.

Since this rig is running with a USB hub inside, yes, that is exactly what will happen.

When they start using xlink, it will depend on if the master board is taken out or not so if one PSU goes down, you could lose the whole rig.

I thought they had already been told about this problem at one of the trade shows?

Why have they not fixed this to date?

I'm pretty sure everyone considers it more important to get it delivered and mining...

Apparently not...

Quote from: gigavps on June 10, 2013, 04:00:05 PM

Hello fellow bitcoiners,

It has come to my attention that there are multiple BFL customers with early orders who would like to part with some of their 500Gh/s units. The reasons are numerus, from not having enough power to run the units to some wanting to not have to deal with mining.

I would like to get a feeling from the community if any of you are interested in purchasing these units.

My roll in this is strictly as a broker / escrow / single point of contact for handling all queries and sales.

The 500Gh/s units are offered at $150k each with payment in BTC preferred.

If you have any questions, you can ask them by PM or in this thread.

Best,
James

He's apparently already trying to sell orders (as a broker or not) for more than it is worth. What does that tell you?

Wow $150,000 for something that initially was priced at $30,000 and had originally twice the specified hash speed?

Fucking lawlz!

So, trying to stay in the realm of a plausible reality..what do you think a 500GH/s unit--in hand--should go for?

Weren't they mean't to be 3x this at 1.5Th?! What happened?? I thought buyers got 3x these for $30k which would be a $420k profit. It's those silly damn calculators man, people are selling at today's market rate assuming future stability and ignoring incoming exponential hashrate increase. When these guys originally purchased these there was only BFL and few other interested parties...

Indeed, they are.

The only thing I see though is that people that are selling are very hardcore believers in the exponential hash rate increase....otherwise they would not be selling it now.

They seem to get wind that there is going to be a huge problem and are getting out of it as fast as possible.

It is logical, that if it produces that much money, they would be keeping it and running it for themselves. Instead they are taking some poor sucker to the cleaners so they can probably reposition themselves with even better hardware.

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Lets say GigaVPS brokers the deals, some part of that is going to be his. If a 1.5Th unit goes for 450k, I can only imagine GigaVPS taking a good chunk of that fortune in the sale as brokerage fees.

He will get to upgrade his farm in quite a big way no matter how you look at it. But it will be on the backs of someone who is going to be paying 450k for it. Making oneself rich while making someone else poor by the same amount.

IMO, it all a pretty obvious naked scam. If you do the math, the price of BTC would have to (at the very least double 2 possibly 3 times over the next year and remain sustained for this to be viable.

Can it happen, sure. Is it likely? I wouldn't know. I don't think that much money will enter the exchanges to support that kind of price point. It's possible, but it a VERY long shot.

I used to think the price of BTC would be 1k by summer. Well it isn't. I dunno what to say other than good luck to the goofballs that are willing to sink half a million into that deal. They really are going to need it.

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To add: If 95% of the user base abandons BitCoin and moves on to other coins...then BitCoin itself will not sustain itself.

BitCoin is only as good in value and usability as the people who actually use it.

Think about it, what would you do if BitCoins were incredibly hard to mine and obtain?
You would move to another coin wouldn't you?
What happens with your ASIC if you decide to go elsewhere?
You'd sell it. What happens to the price of the hardware if 1,000 other sellers decide to do the same every day? The resale value of the hardware nose dives.

What if you cannot buy another ASIC for another type of cryptocoin due to the current hardwares depreciating value?

You'd have to go back to using CC payments or re-enter yet another companies pre-order scheme to get that particular ASIC developed. Months or a year down the road.

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In the meantime, there is a strong possibility that the BitCoin user base migrates away from BTC to use "the next Coin". If the perceived value or usability of BTC goes down the tubes, there is a fair possibility the money will start rushing out of the exchanges for that particular coin to another (or a series of other coins).

Liquidity dries up and then you have a major problem.

There is a possibility that BTC will still remain viable and retain it's value if people move away from buying whole coins to just fractions of a coin. If that does turn out to be case, then even if people cannot mine BTC to the same degree as before, you will still have a useful market rate for a given fraction of a coin.

In which case, buying ASIC's is not the best strategy. Buying BitCoins would be.