Bitcoin Forum

http://youtu.be/uez9AVfDQIg (http://youtu.be/uez9AVfDQIg)

Just thought some people would want to see this  ::)

***Can someone please move this to "Hardware". Thank you!

whoa..  I thought these were a scam! Thanks for linking.

Thanks! Just a little proof that they're actually in development and not just a huge scam :)

It's a little refreshing to see proof. I won't believe it until they ship!

Missed buying one on ebay by 1 bid. Now they are going for much more money. Seems like I underestimated the investment at the wrong time.

I was lucky to get a 60gh/s order #4247 on eBay for $3k. I'm satisfied with that  :)

Well all I see is an amateur video.
You can't see the actual number and such.
He has a company which probably got millions $ in pre-orders, but he can't find a man to shoot a 2 min video with him..?
lmao, waiting till they ship :)

it's good you showed the electricity. but i want to know the current bitcoin generation rate!
please  :D

They have been sand bagging for six months now, eventually they had to show something resembling a working product to keep investors on board.

At the current difficulty: Coins per 24h at these conditions   0.2802 BTC
800 revenue in 30days (note new difficulty in a week or two i guess.)

Just watched this!!!  SO excited!!!!

Read other posts.
By the time you get one of these, it will barely make a profit.
That's why I didn't order mine :(

Are they still taking forever to ship them?!  :(

If you order now you will be lucky to get them by XMAS and prices have doubled and less speed

That's assuming prices stay the same, unlikely, they will go up as difficulty goes up.

Oh wow that is horrible ... yikes.

Looks like 7970 for me.

That's assuming you think you will earn easy money by this.
Let's say you order now and get it in august, easily 50-100mil difficulty. which is good now due to the high exchange rate which might drop and render all useless, you never know :)

Still not convinced

I still feel like 7970 is the best bet so far.

Check out Luke-Jr's Little Single

http://eligius.st/~wizkid057/newstats/userstats.php/1CdcYVP4T4hjHwt353pEnGHrigeDLvuvZL (http://eligius.st/~wizkid057/newstats/userstats.php/1CdcYVP4T4hjHwt353pEnGHrigeDLvuvZL)

^^^ WOW@!!!!!

A beautiful plaything :-)

If only I had the money to invest in something like this . ..  :(

By the time you get this: july/august you will have a difficulty rate of 40-50million.
Assuming we have the value of bitcoin around 100$ and a diffculty of 50million while mining at 5 GH/s the revenue would be 150$ a month.
Add up power costs, and it makes it almost obsolete..

+1

It looks like bitcoin mining will not be a cost-effective thing to do once enough ASIC manufacturers start shipping, even with a sizeable rig :-/

Alright how do you get to that rate? From what I heard, they have 75.000 chips for shipping. that makes 800mh/s per chip.
75.000 times means this is about 60gh/s.

Thats doubling the hash rate. How is that adding up to 40-50 Million? If difficulty is proportional to hash rate, it should be somewhere around 20 million at a doubling of hash rate --> still profitable.

ASIC companies will likely not flood the market with too many products, it would be sucky business. Instead, flooding the market "a little bit" to make the decrease in profitability over time is smarter.

Because then, the sale of MORE equipment is a better proposition. Let us consider you have to reinvest about 30-40% of your mining profits back into new equipment to maek the same. Every year. How does that sound for  a market?

Basically, as long as competition does not start cranking out millions of units, keeping the market growing slowly is more intelligent for every involved ASICs company. Make people FEEL the burn, feel the dwindling profits and then BOOM sell another, more powerful unit.

I mean look at people right now. Difficulty is going up, BFL is slowly shipping, people go nuts. LOOK AT THE EBAY PRICES. Damn, it is already working. So, offering a limited number of units with equal power to the difficulty increase a year --> guaranteed profit.

That difficulty of 40-50 million is from a blog analysis that has quite solid estimates.
I've read somewhere that someone had order #50 000+ that means more than 50k devices, yeah..
huge profits from ASIC is too good to be true.

When was earning money easy, anyways?

It's beautiful ;D too bad it's overpriced and may be too late for the game to break even at least, not unless BTC value sky-rockets :D

Huh?  $150/month is BAD for a product that only costs $274?  What kind of planet do you live on?  ???

he wants over 9000$+ per month

greednes everywhere

I guess I should sell my gpu mining rig then=)

Tempted to order one yet this might still be a well orchestrated scam... I'll wait till people starts receiving them  ::)

Why didn't you read the last part:"add up power costs".
So in the first month you would earn 100$, then with the increasing difficulty next month even less ect.
If you think getting $ back for your 274$ investment in 3-4+ months is good, go ahead.

Yeah, 36 watts... that'd be a whopping $2.07 in power costs.  That's why I didn't bother saying anything about power.

I think getting 100% back on ANY investment in 3-4 months is a FANTASTIC deal.  Heck, getting 100% back on any investment in 8-10 years is fairly standard in the investment world!

Like I said, what kind of planet do you live on?  Do you truly have better investments to put your money in?  If so, tell me where so I can sign up!

Well, my bad there, I didn't know the exact power it will be using.
Anyways getting back 300$ in 3-4 months and not earning anything is a good investment? lol then :)
Just saying if they had released it when they should have, things would be much different and a lot of money would have been made from it already.

Prices could also go down depending on a multitude of factors. The value of a bitcoin is not linked to the difficulty of generating one, except indirectly: they're both driven by popular interest. The increases in difficulty everyone is expecting to see over the coming months is going to be driven primarily by the release of ASICs, not by an increase in popularity, and so there's no compelling reason to think that prices will go up proportionally.

This looks like the make or break point for Bitcoin miners, really...  show me a $300 5Ghz GPU miner, and we can talk.  It will be a slow change, but I believe it'll force GPU mining into AltCoins.

Honestly, I'm glad this product is consumer-grade.  Imagine if Butterfly Labs was a private corp set on mining their profits back?  That would have put GPU mining out of business, with no recourse.

Can't wait for the to start shipping.

Exactly my point. Image a difficulty of 50million and a value of 50 USD. a 5 GH/s miner would be useless.
My point is, the more you invest, higher chances of getting it back, and it's gonna be faster.
50 GH/s model seems nice ;)

And there goes any profit on mining BTC.

Far from "not earning anything".  You could say the same about an investment real estate property... buy it, and for 10 years (at least), you're only paying off the purchase price.  Do you say that it's a bad deal?  Only if you know nothing about investing.  Obviously, once you have recovered the original purchase price, you then have a valuable asset + income from that asset.  Same with a 5 GH/s miner after 3-4 months.  You then have a valuable asset + further income from that asset.

Of course they would have mined more coins if they had been released earlier.  That's kind of a given.  What's your point?

We are waiting forever for BFL. Wish It was already here.  :'(

time will tell, one of the worst marketing and roll out plans

I have an order number in the millions. From my knowledge of shopsystems, that does actually not say too much. Especially with the fact that they migrated them.

If it goes up to 50 Million and you have a miner with 50GH/s. Then, wow, you only make 17k USD at today's price. Likely BTC are going to be worth the same, or more. Depending on how screwed up our European governments are and create reasons to buy Bitcoin.

While my trust in BFL shipping is a risky bet, the bet on the EU governments to fuck up the economy, sorry, that one is pretty much a sure bet :D

So, yeah, it is not a get rich quick model. Who cares? It gets to break even at some point and that is all it counts.

And for the Jalapeno:

Here in my country we have power costs over 0.30 in USD. I have costs of approximately 110 USD for a 7970 at full power. A Jalapeno comes with 40-50watts as we had seen before...

What COULD screw this whole system up however, is Enterpoint's Cairnsmore 3, where they are looking at Terahash Blades.




Another thing on investments: Normally, investments that go double digit per YEAR are really awesome. So if someone recoups the whole investment in 4 months, then has 8 months to pay dividends, this is BEYOND awesome in terms of investing strategy.