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Re: Butterfly Labs - Bitforce Single and Mini Rig Box
by
coblee
on 16/05/2012, 22:02:48 UTC
Semi off topic I wonder if there would be interest in a falling price auction for my Single.
Start the price at say 200 BTC and it falls 3,306 Satoshis every second (20 BTC per week).
Auction continues until someone bids.  First valid bid wins.

Interesting to see when it gets sold. Obviously a single cannot make 20 BTC a week. Let's see... with 850 mhash/s, you can make about 15 BTC a month. The current wait time for a single from BFL is about 2 months. So paying 120 BTC ($600) for a single in 2 months is equivalent to paying 150 BTC for a single that you can get immediately. So I think the optimal price for your auction will be 150 BTC (or waiting 2.5 weeks). If anyone is willing to pay more than that, they should just order a single from BFL right now. But then people are irrational...