Quote from: d3adh3ad on May 12, 2014, 12:24:52 PM

Quote from: Franktank on May 11, 2014, 11:35:40 PM

Quote from: hdbuck on May 11, 2014, 11:04:29 PM

Quote from: d3adh3ad on May 11, 2014, 10:59:09 PM

Quote from: Franktank on May 11, 2014, 09:34:55 PM

Quote from: NuclearReactor on May 11, 2014, 08:16:47 PM

USD, RMB, or BTC - these won't have a positive ROI any way you cut it.

Bitcoin awareness has grown over the past year. New individuals have now heard of Bitcoin and have a simple understanding of how it works. This product provides a low barrier to entry (less than $100, low power usage) for those folks to get their feet wet in the Bitcoin mining industry. This way, they do not have to risk thousands of dollars on a preorder that may or may not arrive. With its pricing in fiat, there is the opportunity to make ROI should BTC rise in value again (spoilers: it will).

It serves its purpose by exposing the brand with products in a sleek design and at an approachable price point, which is competitive with other offerings that have immediate delivery. For the enthusiast miners here and the like, it's unlikely to appeal to them. Friedcat will have the "high-end" covered through franchise mining (2.4 PH/s @ 1.2 MW) and large batch chip orders. Rockxie is initially focusing on the "low end" first with this and plans to ramp up with the next iteration.

Quote from: rockxie on May 11, 2014, 01:47:55 PM

Batch produced will be done after 10 days,which is about thousands units,then can be shipped out.Current price is around $90,but it will be adjusted then,so we dont accept preorder now.
Bades will be TGH/S in June,if everything works good.

If a rise in BTC price is necessary for miners to make ROI wouldn't it just be better to buy and hold?

bingo!

Yes but as I said, this is an option for people actually want own some mining hardware (see above). From looking at the Mining Hardware subforum, there are plenty of USB miners and then there are small ASIC boards. This serves as another option for those people. Are you going to make a 10x return? No. Obviously if there is no demand, then the test run of the ~1000 units (~4000 chips) would be a failure.

For the record, I do think there is demand and I think these 1000 will sell out rather quickly. I bought a device last year that proved a poor choice financially compared to buy and hold. I did have lots of fun running it though. I don't think I'd do it again but I'm glad I did it once.

yea for the record i just bought 2 S1.. Grin

but still.. hard to ROI nowadays.. Undecided