We will in the upcoming weeks opening our order book to allow the purchase of our first set of ASIC miners. They are in the early stages of development now and will be ready in the summer of 2013 (yes in just a few months)
Now that summer is officially over, are these ready?
|
|
|
You forgot to consider power costs. Using the absolute best power/GH of .7 you'd need ~40.32 gigawatts of power per month or $4.032million minimum at a mere $.10/kw. Since these aren't even supposed to be out until January let's look at what will be out.
My miners are already running power/GH of .75 at $.02/kw energy today. I expect to have something significantly better by 2014. If you use D&T's estimates and average, you get ~2.1W/GH or ~$8.4million at $.10/kw. Many people have much worse power costs, but still, you expect ~50% of 'profits' to be immediately used to buy more equipment monthly?
If you're mining at 2.1 W/GH and $.10/kw, your days are numbered. The rest of us will leave you behind.
|
|
|
Even at $3 per GH that's over $2.4million. You honestly think people will spend $2.4M in Jan, $2.64M in Feb, $2.904M in Mar, $3.1944M in Apr?
3600 btc/day * 30 days * $130/btc = $14million revenue. So yeah, $3million per month is going to be cake.
|
|
|
You think I am joking? 10% would be roughly an additional 800TH in Jan, 880TH in Feb, 968TH in Mar, 1065TH in April, 1172TH in May
Pumping out 800 TH/s in Jan is going to be easy. That's only a few thousand chips.
|
|
|
10%? Per month? What a joke.
|
|
|
Shhhhhhhhhhhh! You can't SAY that!!! No one will believe BFL shipped something ON TIME!!!!!!!!!!!!!!!!!
1 on-time 10,000 late Has BFL set the bar so low that 1 out of 10,000 is good news? I guess so.
|
|
|
On August 19th when they introduced the Monarch and put the 'majority of the network' statement out there is was true. Just cause times have changed you're demanding they change along with it.
That "as of Aug 19th" isn't on the webpage. How is a regular customer supposed to know those statements are no long applicable? By leaving deceptive statements on the web page, something that may have been true once before is now simply dishonest. Yet I don't see you tracking down the hundreds of other companies that have made claims that are now not true due to time and change.
You can thank Josh for being such a great PR person. He just inspires me.
|
|
|
Your reasoning is sound, except I am not sure bitfury's could still be produced at a reasonable margin that corresponds to a market price in a 50+PH network. Miners may still want to increase their hashrate, but bitfury wouldnt be able to sell them cheap enough (unless miners would get a multi year investment horizon).
Right, Bitfury isn't endgame. It's just the best that's currently available. Better stuff will come along.
|
|
|
And I deserve some promised apologies. So with all due respect to those that promised they had the balls to do so once the time came, it's now. I wasn't lying, I never have been, and i'm happy to forgive, and let bygones be bygones.
It's a little early to be celebrating. All they have now is some silicon. It has not been proven to work, yet. It has not hashed a single header. Show it hashing, then celebrate.
|
|
|
That is called perception, you still have not shown proof.
Proof? How about "Tape out August 2013"? Think that's the truth? How about "That 65nm ASIC chip is now powering the majority of the bitcoin network."? Is that the truth? Those are from their current website.
|
|
|
True, but most of the people in here who pooh poohed me for pointing out AM was fleecing people are now screaming BFL is fleecing people. That my friend IS a hypocrite.
Asicminer is fleecing people with honesty. BFL is fleecing people with dishonesty. Subtle but significant difference.
|
|
|
You probably don't realize that by May 16 2014 you have difficulty up over 6 billion. We'd only need something like 54 Petahash to reach that and the total of all estimated preorders today only comes to around 10-14PH. At that difficulty, anything that cost over $.50 per GH would be unprofitable long term by your table. But hey, it's not intended to be accurate, it's just BFL you're causing FUD to after all.
Growth rate is going to continue to skyrocket until the cost of electricity becomes significant. Bitfury, 400 GH/s at 300 watts. Current Difficulty = 112628548 roughly 1 PH/s Daily income = $223 Daily electricity at $.10/kwh = $.72 Difficulty at roughly 54 PH/s Daily income = $4.13 Daily electricity at $.10/kwh = $.72 Even at 54 PH/s, electricity costs are only 17% for a lot of miners. That's still a profit of $100/mo, so reasonably prices ASICs will still sell at that difficulty. ASIC prices are going to keep plummeting, and the network is going to blow past 54 PH/s. Easily.
|
|
|
With no guarantee of the contract start date, this is a worthless offer.
|
|
|
$250 for the open-air triple i.e. no sheeting. This version is just wide enough to where it could sit on a shelf in a rack. 120mm fans could be mounted in front of each rig and a couple of PSUs along the back. And stackable, of course. That looks good. How tall is it, 5U?
|
|
|
I did the unthinkable... I politely asked a question and I got a polite response. And it wasn't a canned response, I asked about the supply line, Josh said that they were supposed to be receiving X number of chips daily at Chicago, so I asked how many they were getting and he called someone over, might have been Dave, and asked what they had gotten in and the answer was less than 20% of X. This person went on to say it looked like 'they' (I think he meant the Binning Fac) might finally be on the ball, cause 2X were supposed to have been shipped over the weekend. If my word isn't good enough, ask PG, he was there too.
LOL. It's not that your word isn't good enough. It's that BFL's "word" is worthless. Without documented proof they're just lying. Like how they claim to be powering "the majority" of the network.
|
|
|
most of this is supplier incompetance, not BFL's.
Where is your evidence?
|
|
|
what was the price in BTC?
BTC was really low. An Aug kit ran roughly 225-250 BTC. They will unlikely break even in BTC.
|
|
|
Send me your bitcoin and I promise that the target is to send you back the double by tomorrow.
Still waiting for quote so that I can stand corrected. How hard can that be? BFL never promises anything. Everything is an "estimate", and every "estimate" is missed. Eventually you come to realize their "estimates" are deliberately optimistic in the hopes of deceiving customers.
|
|
|
BFL can't buy us all off now can they?
I'd like to see them try.
|
|
|
|