FML

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A day late, a dollar short? I was looking in to mining about the time these units were available to order, unfortunately Butterfly Labs have Google AdWords and most blogs/forums in a tizz – despite the company failing to deliver a single product after more than 8 months. Had I stumbled across Avalon at that time I probably would’ve thought their pricing was unfavorable (comparatively speaking). Alas the facts today are as follows

  • Avalon are shipping
  • No really, it’s a real product, people have received them
  • At that price, the box will pay for itself in just 2 days of operation, less if the insane value of Bitcoin continues rising
  • Their third batch was quite appropriately priced according to 30 days mining (at current difficulty)

Unfortunately, that appropriate pricing equated to over $10,000 – and they still sold out of pre-orders in just 30 minutes. When and if there’s a fourth batch, we can expect pricing well over $20,000, which is just too much of a gamble now with the difficulty rating expected to skyrocket, not to mention the potential collapse of the exchange rate.

A lucky few are getting very rich right now, just as long as they remember to cash out…