Quote from: BitAddict on June 25, 2013, 02:42:08 PM

Quote from: Rampion on June 25, 2013, 02:29:15 PM

Quote from: buyer on June 25, 2013, 01:46:28 PM

Quote from: Rampion on June 25, 2013, 12:08:27 PM

It's not the vendor who sets the price, it's the market which functions following supply&demand.

I'm ashamed to be explaining such basic things, but some of the guys in here seem to do not understand basic free market principles.

I'm ashamed that you don't get the obvious... YES THE VENDOR SETS THE PRICE. When is the last time you went to buy a brand new (insert favorite technology here) and you got to pick the price? That is just not the way retail sales works. EVERY manufacturer sets a manufacturers suggested retail price (msrp) and that is the price used by the ENTIRE distribution channel to caculate each players profit along the distribution chain.

And when the Vendor sets a price and then days later cuts the price in half then the CUSTOMER GETS PISSED.

How is this not OBVIOUS? My young son understands and he can barely read.

Friedcat and company FUCKED the community. Read through the thread and you will quickly see ALL the PEOPLE who are FORMER customers of ASICMINER products who just wrote, right here in this forum, that they will NEVER buy another ASICMINER product becuase the VENDOR DOES NOT KNOW HOW TO PRICE PRODUCTS and the VENDOR HAS A HISTORY OF SCREWING EARLY ADOPTERS.

How is this not obviously STUPID BUSINESS PRACTICE?

Seriously, is this how big business operates? NO? Why? BECAUSE THEY UNDERSTAND THE COST OF LOSING CUSTOMERS OVER STUPID POLICY DECISIONS can be calculated in REAL DOLLARS. At this point any reasonable person will conclude that ASICMINERS GREEED is larger than ASICMINER and the STUPID PRICING policy is driving customers away. Count all the lost sales and goodwill destroyed by ASICMININERS desire to eek out a few extra coins today. Instead they COULD HAVE eeked out our coins for years and years and years if they had treated the community with a modicum of respect.

Instead Friedcat has just become Inaba2.0

I don't see how friedcat did anything wrong - in any case the blame is all on you, for purchasing overpriced hardware and now feeling butthurt because prices are starting to be adjusted to reality. This was an expected situation, the forum is full of posts of people saying they would buy some "when they dropped in price". From the very first day. And FYI, prices for these USB things will drop more. Only a few customers bought at the initial 2BTC price. More people will buy at 1BTC. Even more at 0.5BTC, etc. You are a fool if you do not realize that's what is going to happen, and it will be the best both for the market and for ASICMiner shareholders. In fact, quote me on this: we will see these things below 1BTC very soon.

Look at it this way: If you thought that at 2BTC they were a good investment, better for you - at 1BTC they are an even better investment!

This is not true, because you're only looking BTC price. You need to look Ghs/difficulty price, and now they're at the same price when they started selling them.

Of course if the difficulty keeps rising you will see them @0.5 , @0.1 and less. Also, in the future the could be overpriced @0.05 if difficulty is really really high.

So, no point speaking about price without caring about current difficulty.

Use a simple rule of thumb:

If you cannot recover your investment in BTC in 30 to 45 days considering constant difficulty from the moment you deploy your hardware, the most likely scenario with current difficulty projections is that you won't be able recover your investment at all.

Considering that rule of thumb, the Block Erupter were overpriced when they were launched and they are still overpriced now. Same thing is valid for the blades.

Still, the market is willing to pay and Friedcat had been flawlessly squeezing the maximum profit from the market. Kudos to Friedcat, flawless management and a great service to his shareholders.