Bitcoin Forum

Hey, if I want to build or buy a mining rig...
What's the best ASIC or FGPA?
And where could I safely buy a Mining Rig? I know that Butterfly Labs is a SCAM!
And if I want to build my own, where could I get the parts and is there a guide or something?
And I've heard that LiteCoins pay out x4 the amount than BitCoins, so why shouldn't everybody switch to LiteCoin?

Well, that was a lot of questions at once!  ;D

ASIC is the best, Where to buy I don't really know. Looking for it too :) because it's always limited stock so really hard to get... To build your own I think it will be hard. BTC is the main currency and worth much more than LiteCoins. It's easier to get but worth less :)

So if I get it right, for example:
I'll mine BitCoins 1 hour: earned 1 BitCoin> Value=100USD
I'll mine LiteCoins 1 hour: earned 4 LiteCoins> Value= 100USD

So I guess that it evens out?

Now I still want to know about buying and building BitCoin Miners with ASIC Hardware??

BUMP!  ;D

Why isn't anyone replying?  :(
BUMP!

Oh? You have some sort of supernatural information source that nobody else does? How do you *know* BFL is a scam? Share your sources.

You don't know which is better, ASIC or FPGA, but somehow you *know* that BFL is a scam?

The bitcointalk.org community awaits enlightenment at your feet, Master of BFL Knowledge. Fill up our empty vessel from the font of your bitcoin wisdom, O Guru of the Unknowable.

Well, please don't be so brutal. And I have that information from these forums!!!
https://bitcointalk.org/index.php?topic=114329.0 (https://bitcointalk.org/index.php?topic=114329.0)

And I still want to know about buying and building BitCoin Miners with ASIC Hardware?? So can anyone please help?

...

Perhaps no one knows the answer?

User btc-e.com (http://btc-e.com) to get spot rates for LTC.  They also do BTC/LTC conversions.

As for ASICs, your best bet is to wait for another Avalon batch as they're the only people actually shipping ASICs.  Building one yourself will take some type of electrical and software engineering know-how since ASICminer, BFL, and Avalon are basically making these computers from scratch for the very specific purpose of mining.  The technology isn't as refined nor has the history of say GPUs for example.

EDIT - Meant to say Avalon is the only company shipping ASICs right now.  I don't think BFL is a scam but you can tell they are not ran by a business savvy person and they don't have their shit together on the business side.  I'm imagining it's a bunch of geeks getting together to capitalize on a business opportunity.

Nobody is replying because there is no answer to that question.
There are 3 companies that make ASIC's for Bitcoin mining

Avalon - SOLD OUT batches 1, 2 & 3 - This means that you can't buy one until they decide to make more
ASIC Miner - Mining with their equipment, not selling it - This also means that you can't buy one
BFL - Taking their sweet ass time - You can buy one, but have to wait in line for it with the 1,000's of other people that have pre-ordered

Those are your current choices.

EDIT - You can't build your own ASIC rig either

its not so easy to buy one,unless you are willing to pay way over the odds.

I doubt you will be able to get one.    Like it was mentioned... its more profitable for these companies to just turn their asics on and mine themselves.   Litecoin is where its at now!   Small gpu miners are being squeezed out of btc.

Why can't I build my own ASIC rig? And how could I build a good non-asic mining rig?
And where could I buy a non-ASIC miner?

You can, but... you need specialized hardware and software to program and ASIC. then you need to design a circuit board to support the ASIC chip.

How the questions about the non-asic stuff above?

ASIC = Application Specific Integrated Circuit - Because it takes a special ASIC chip. Can you design and build a CPU chip?
Click HERE (http://bit.ly/XqDsIg)
Plenty of forum posts on that already too.
Dunno

Still no answers to this...

there are a number of posts on building GPU based miners in the mining section. FPGAs have the same problem as ASICs.

The thing is with cost of equipment to mine growing rapidly, most feel that buying on speculation is more profitable than mining.. basically it sounds like the days of indiviuals mining will soon pass and it will be left to those willing to make large cash investments.

So, if I cannot build an ASIC miner on my own, there is anybody who knows if some of those three companies is looking for funding to get a bigger production? :-\

BFL waiting line is 4 months or more? ???

Greetings!

Yep, Having an ASIC can make you rich. But it's hard to get doesn't matter if you got the cash to buy it.

if you are independantly wealthy, hire a Software and/or Hardware engineer. Have them design an ASIC for you and the associated hardware. Hire a foundery to produce the chips and a fab shop to make the circuit cards. and then you have an unlimited supply, at which you'll probably want to start selling what you have had created.

Build rig, and mine Bitcoins till its unprofitable than switch to litecoins.

There is currently no other answer for ASIC. You guys are asking the right questions on the right forum, but the 3 mentioned above are the only ones.
By the time they roll out all of their hashing power, the network will be 100's of TH and if another company comes along, they better have much bigger, faster and better ASIC chips in order for them to be profitable.

For a newbie you sure do assume a lot of things !
These assumptions are far from the reality though ...
For one, you cant just BUILD ur own asic if it was that easy why wud u think 99% of the miners have placed their orders with bfl and avalon.
and secondly, speaking abt bfl, which industry expert told you that they are a scam ? lol