BFL devices would still be fairly profitable to operate at 3x current difficulty. I believe you need to get all the way to 10x current difficulty in order for profitability to look iffy.
They can only be profitable after they reach break-even point, which is going to be several months (or maybe even never) after the device starts mining. |
|
|
|
What is the reason not to send less that bitcoins to someone?
Because they wouldn't be able to spend it. |
|
|
|
As an aside: Each person should do their own research and calculations to decide if purchasing miners is right for them. That being said, the numbers I have run are based on a very aggressive difficulty ramp up, and show the units will be unprofitable after 9-10 months. That being said, in order to maintain the exponential increase in difficulty, $26 million dollars worth of hardware would need to be introduced in month 3, $54 million in month 5, $110 million in month 7, and so on. This assumes .5btc per gh/s, and there are companies slated to produce miners at a .2.
I think you may want to adjust that estimate. Recently announced projects are claiming way better than .5btc per gh/s. Bitfury, 20btc for 120 gh/s = .167btc per gh/s KNCMiner, 60btc for 350 gh/s = .17btc per gh/s |
|
|
|
Well,the Original Avalon unit consumed 600+ watts @ 60-70GH.What BKKcoins is designing MAY use 32 watts per 5GH board. So,BFL's 5GH unit consumes 27 watts. The difference between 27 watts & 32 watts is not enough for anyone to really make the Klondike Avalon be "unprofitable" anytime sooner than BFL's units. That argument is null & void  Yup. What's going to happen is the next gen asics will arrive (in the next 3-6 months) that will make all the current gen asics unprofitable. |
|
|
|
More baseless sweeping generalizations not even remotely founded in fact... Keep trying though. The more BFL ships, the angrier you idiots get. Why is that?
It's a simple extrapolation of future difficulty increases. No one who has received a BFL unit will mine more BTC than they spent purchasing the unit. They lost. |
|
|
|
2. Ordering is from Global Foundries that also handle delivery
GF now produces fully packaged and tested chips? Or do the chips get ordered from GF, then sent to a bumper, then sent to a packager, etc.? |
|
|
|
You really think Orsoc is going to make rookie mistakes like that, like BFL made? Come on.
How much experience does Orsoc really have producing 28nm chips? I glanced around their website and the only chip I could find they designed was 180nm. It's not just rookie mistakes. Designing state-of-the-art chips takes serious time. You don't just whip one up as a summer project. |
|
|
|
It is not the exchange rate. The customer traded BTC for a device that creates BTC.
The only way that can make sense is if the device will ultimately produce more BTC than the customer gave up for it.
QFT. Anything else is just self delision to try to soothe the pain of failure. |
|
|
|
Ahah, so then you recognize that there are winners and losers in the speculation game...
Exactly! Every single BFL customer is a loser. |
|
|
|
If KNCMiner delivers 28 nm on the dates they've promised, I will buy a hat and eat it.
28 nm is state of the art for billion-dollar graphics card companies. Thoughts? It does seem awfully ambitious. Has Orsoc delivered 28 nm anything already? There's no way they'll finish up a 28nm miner by September. |
|
|
|
You really should set up a P2Pool
P2pool does not work with Avalons, so I wouldn't expect Avalon-related projects to work with p2pool either. |
|
|
|
No, BFL created their own charity
Actually, no. The "Bitcoin Development Fund" is not a charity. |
|
|
|
Just an FYI I did indeed get 10BTC donated to me about an hour ago.
That's nice, but are you a "charity"? He's donated a shit-ton of work, time, and intellectual property to the bitcoin community, if that's what you're asking... He doesn't have a piece of paper from the dot-gov declaring him a registered religion, if that's what you're asking... BFL is the one claiming to be donating to charity. If they were going to donate the 1000 btc to the community, or to random people, or something else, then they should have said so. But they promised to donate the 1000 btc to "charity". I don't care if Kano is Satoshi himself. He is *not* a charity. All "donations" to non-charities need to be removed from their fake charity page. |
|
|
|
Just an FYI I did indeed get 10BTC donated to me about an hour ago.
That's nice, but are you a "charity"? |
|
|
|
Price:
$3240 in Bitcoins at the days exchange rate (shipping included) (I will let you know the exact amount of bitcoins before you pay, whatever Metabank shows on the day of you placing your order)
Metabank is selling them for $2160, and you're reselling them for $3240. What service are you providing for that 50% profit margin? |
|
|
|
No, they will not receive a scammer tag over the matter of their ASICs being late until several months go by with no progress. Stop asking.
How about for failing to pay up on bets posted on this forum? |
|
|
|
The big question for BFL (and Avalon) is whether they can actually deliver on the timelines they've talked about. Both of them have had huge issues with getting production out the door for completed miners, but chips sales should be much simpler. It's been 7 weeks since people started paying for Avalon chip sales now. If Avalon does get their chips out in the next 3 weeks as promised, 3+ months for BFL chips will be hard to justify. If Avalon is late (and they're already 3 weeks late on providing samples), it might be closer.
Please, don't lump Avalon in with BFL. Avalon #1 was originally scheduled for a Feb shipment, and they shipped most in Feb and Mar. That's pretty close to on-time. Batch #2 is maybe 1 month late. BFL originally scheduled for a Oct shipment, and 7 months later has hardly shipped squat. There's no comparison. |
|
|
|
|
Show Posts
