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Now that flattr accepting funding through bitcoin have you thought of setting up a flattr profile for the projects. So that the projects can receive regular funding. I'd be happy to set up a subscription.
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Now that flattr accepting funding through bitcoin have you thought of setting up a flattr profile for the project. So that the project can receive regular funding. I'd be happy to set up a subscription.
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IIRC BFL stated to have all 2012 pre-orders delivered by September and then soon after shipping next day. So I wouldn't hope too much to get your device before October. Will it still be profitable; well BFL chips are currently the densest chip fab shipping. So you couldn't have ordered a better chip. KNCMiner are offering an even denser chip but there not promising to ship until September but they could run into BFL level delays yet. So I feel you should at least get your money back as there is no faster chips currently shipping. If KNCMiner ship on mass in September you may have been better going with them. Tho as BFL are shipping the fastest chips available ATM if I was ordering another ASIC today it would be BFL. There is another (UK) ASIC company promising 65nm chips like BFL but much cheaper than BFL tho they're not shipping yet and may not for a while.
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Well this Sunday (7th) will be a year and a day since we pre-ordered our first SC. Still no new news from BFL but I'm very hopefully we'll start hashing (again) very soon.
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I want to invest a nice chunk into RSM, but can you give me one solid reason why I should?
RSM is not fundraising any more we finished the IPO over a year ago. The only reason we still remain publicly listed is to enable early investors to cash out. For those unsure on how we plan to grow RSM. As stated in the contract we'll be reinvesting over 90% of profits into buying more ASIC's. That is how we plan to grow RSM organically. Rather than through issuing new shares for fundraising. |
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I want to invest a nice chunk into RSM, but can you give me one solid reason why I should?
RSM is not fundraising any more we finished the IPO over a year ago. The only reason we still remain publicly listed is to enable early investors to cash out. Sounds good. If you had enough to order another SC or possibly the KNCMiner we could issue you shares of its value. Tho that the finale decision may go down to a motion. |
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I want to invest a nice chunk into RSM, but can you give me one solid reason why I should?
RSM is not fundraising any more we finished the IPO over a year ago. The only reason we still remain publicly listed is to enable early investors to cash out. |
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So BFL have shipped all Jalapenos pre-orders up to September 14th 2012 and now they've started shipping little SC's which were all pre-ordered many months after our three pre-orders. Yet still no news on our July 7th SC pre-ordered. I'm very frustrated with BFL and think SC pre-orders have been dealt with unfairly. I have emailed them but think our first board will be hashing before they reply. I do have my fingers crossed that we'll be hashing next week.
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"Nasty Mining" have received tracking codes for there SC's but not received them yet AFAIK. Our first pre-order is about two weeks down the cue from Nastys but as BFL are hosting our boards we'll have no shipping time to wait. As soon as I receive any info I will make it public pronto.
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Doesn't Kim Dotcom's new service offer this?
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IIRC if you use the Tor browser package it uses randomized ports and not 9051.
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How much would it cost for RSM to buy up all these chips directly. If it's above our current finances should we consider offering a bond on BTCT for purchase of these chips? This would give us some significant hashing power and a long term hashing solution.
The discount codes are worth $2,000 and 100 chips is the minimum purchase. If we can find a group buy project for devices built from BFL chips I would prefer to put them into one. Where we swap our 80 chip codes for a device with 40 chips. So can investors please keep an eye for such a project. Even if we only get a 20 chip device for our 80 chips discount codes I would prefer to do that then sell them for $1,000 of BTC. As a 20 chip device should give us an extra 100(GH/s) which would cost us $4,000 to buy. So getting a $4,000 ASIC would be a better deal than selling the chip codes for $1,000 of BTC. The project would also get 20 free chips out of the deal. So please keep an eye for such a BFL chip build/buy project. Just doing some math here. 100 chips minimum order. 80 discounted chips ($50/chip); 20 Full price chips ($75/chip). Chip costs approximately $5,000. Assume that we can get devices to house 100 chips for $2,000 ($20 chip slot). Total Capital Needs $7,000 @$100/1 BTC70 BTC needed. Issue 140 .5 BTC bonds. Pay intrest on bonds out of future profits. In the end RSM ends up with +400GH/s RSM is not issuing any more shares or doing any more fundraising. If we can trade our chips into a BFL chip build project we will. If we can't then the codes will be sold. Do tho all please keep your ears to the ground for any BFL chip build projects that we could use our chip codes in. If we could get a device built for us to use the chip codes we could use funds from the reinvestment fund rather than issuing new shares or bonds to fund the project. |
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How much would it cost for RSM to buy up all these chips directly. If it's above our current finances should we consider offering a bond on BTCT for purchase of these chips? This would give us some significant hashing power and a long term hashing solution.
The discount codes are worth $2,000 and 100 chips is the minimum purchase. If we can find a group buy project for devices built from BFL chips I would prefer to put them into one. Where we swap our 80 chip codes for a device with 40 chips. So can investors please keep an eye for such a project. Even if we only get a 20 chip device for our 80 chips discount codes I would prefer to do that then sell them for $1,000 of BTC. As a 20 chip device should give us an extra 100(GH/s) which would cost us $4,000 to buy. So getting a $4,000 ASIC would be a better deal than selling the chip codes for $1,000 of BTC. The project would also get 20 free chips out of the deal. So please keep an eye for such a BFL chip build/buy project. |
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80 chip credits for sale at 50% face value.
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80 chip credits for sale at 50% face value.
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Josh@BFL - 22 June 2013 - ASIC Update
I haven't updated in awhile because I thought the shipping was self explanatory, but people seem to be clamoring for an update, so here we are.
We have been working our way through the backlog of orders over the past month. Production is slowly ramping up and we are easily able to manufacture 200 units a day currently - there will be no problem hitting 400 units a day once things are in full production. Right now, we are stymied by the inflow of chips. However, the inflow rate of chips is increasing and we expect it to be quite high within the next week or two. It's been a long road to smoothing out these bottlenecks here and there.
Lots of Jalapeno's have been sent out the door, as well as some singles and minirigs. Production on the longoard lines are really going to start to ramp up next week and the following weeks.
We have been refining the firmware for both the short board but mostly for the longboard. One of the primary changes has been to switch from a one job per board method to a one job per chip method. This has fixed a lot of the latency issues we were experiencing with the early firmware and what held up production on some of the 60 GH/s units. We have not yet finished the XLINK portion of the firmware to be operating at 100% yet, so the first few minirigs that are going out the door are shipping as individual USB devices (8 per box) instead of 1 big USB device. Going forward, once the XLINK stuff is finalized, minirigs will be shipped out as XLINK equipped.
We will continue to refine the firmware as we go along. With the current firmware, we are seeing between 260w to 280w per 60 GH/s unit, or 4.3w - 4.6w per GH at the wall on 120v. Actual chip wattage is just under 3w per GH.
In other news, we have released all the documentation necessary for people to begin creating their own boards to house our chips and we have begun selling our chips in bulk. The first deliveries of our chips are expected in roughly 100 days from the time of order. We still expect the current back order backlog to be cleared by the middle of September or so, although given what we can likely achieve with our production rate, I suspect it may be sooner than that. No guarantees on that either way, though. Also did any of our investors want first choice on the 80 chip vouchers we have. |
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Looks like we have 80 chips discount to resell - As a thank you to our customers for being patient with us as we move towards fulfilling our shipping we are instituting a chip credit program for all pre-orders prior to April 1st, 2013 (Including orders already delivered). This program will allocate a $25 discount per chip up to the number of chips you currently have on order. For example, if you have a Single SC on order, you will receive a $25 credit per chip for 16 chips (Meaning 16 chips can be purchased for $50 each). The chip count for each unit is as follows: 5 GH/s / Jalapeno: 2 chips 25/30 GH/s Miner: 8 chips 50/60 GH/s Miner: 16 chips 500 GH/s Miner: 128 chips 1.5 TH Minirig: 384 chips Every customer with a current pre-order dated prior to April 1st, 2013 will receive a chip credit for the number of chips/units they have pre-ordered. What this means is that you will be able to purchase raw chips from us for $50 instead of $75 per chip, up to the number of chips you have credit for. We realize that not all of our customers are interested in or have the desire to make use of the chips themselves. To that end, you will be able to sell your chip credit to other people who may be interested in or have the ability to make use of the chips directly. For our very earliest customers, the first three months of orders (June 23rd to September 23rd orders) will receive 2x the value of the chip credits. For example, a 60 GH/s miner will be worth 32 chips in credit, a Jalapeno will give a 4 chip credit. You should see your chip credit code(s) in your account shortly, and you may do with them as you wish at that time. There is a 100 chip minimum purchase, so if you are acquiring codes, please be sure to understand that you will need to order a minimum of 100 chips. Terms: While we do not have the facilities or the ability to facilitate chip transfers directly, the chip credit codes are transferable from one person to another and we do not limit the resale or transfer of the chip credit codes. The customer is responsible for doing their due diligence when buying, selling or trading the codes, so please be sure to only trade with trusted, verified individuals. Codes can not be refunded, returned or canceled once they have been used or transferred. Butterfly Labs will not be responsible for what a user does with their codes and we are only providing the discount to verified, paid pre-existing pre-orders. Once codes have been redeemed and the payment process has begun, if you do not complete the payment, the codes will be invalid and can not be refunded or returned. https://forums.butterflylabs.com/announcements/3272-customer-appreciation-chip-credit-program.htmlEdit; Which means we can save someone $1,000 of BTC on ordering BFL chips by selling our discount codes for $1,000 of BTC. |
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Wonder what's the power consumption of that beastie and if all that powers being used for ecologically sound purposes  The army is concerned with killing people more efficiently. I think winning wars comes above that. Example the game theory of mathematicians like John Nash during the cold war. |
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The very first Single SC 60gh/s unit was shipped out on Tues 06/11/2013 during the 5 o'clock hour. I know this because I happened to visit BFL HQ on the right day. This is a momentous occasion for Butterfly Labs and the Bitcoin community as a whole. I will be posting a full write-up of my visit in the next couple hours. This write-up will contain a lot of information, some of which is unknown to the general public and other information will clarify a lot that has been left to speculation. There were maybe 8 Singles that had been built and tested while I was there, most of which did not have any problems getting into the 60gh range, even with un-binned chips, so no one should worry about getting a device with less than their ordered hashrate. Without further ado, here is some pics of the first Single being boxed up and shipped out to one very lucky customer.......................................... https://forums.butterflylabs.com/announcements/3214-first-single-sc-60gh-s-has-left-building.htmlNot long now  If it was delivered today and difficulty didn't rise too quickly just one of our SC's could make ~ BTC58.00 in its first month of mining. I think with the first months profits enough should be taken to order a 50(GH/s) SC and then all the rest paid into a dividend. I think this idea should be carried on until the second month of mining on our third SC. Before we start the 90% reinvestment of profits. What are investors views on this idea? Does a motion need to be held on it? This should perhaps be put forward as a motion on btct.co as its quite a deviation from your prospectus. No its not its been stated from the start that 90% reinvestment wont start until all three SC's have been delivered. So we can have some bonus dividends to make up for the twelve month wait. What will exactly happen to dividends before the third SC is delivered has never been set in stone. The last idea was only 50% reinvestment when mining on only one SC. I think the idea of buying a new SC every month with the rest on dividends until the second month of hashing on all three pre-ordered SC's as long as at least a 10% dividend is paid is a suitable one. A motion can be held if a consensus can't be agreed on the two separate starter plans. I would be happy to go with the 90% reinvestment from the very start. It was other major original backers who asked for the bonus starter plan when the 90% reinvestment was being planned. |
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The very first Single SC 60gh/s unit was shipped out on Tues 06/11/2013 during the 5 o'clock hour. I know this because I happened to visit BFL HQ on the right day. This is a momentous occasion for Butterfly Labs and the Bitcoin community as a whole. I will be posting a full write-up of my visit in the next couple hours. This write-up will contain a lot of information, some of which is unknown to the general public and other information will clarify a lot that has been left to speculation. There were maybe 8 Singles that had been built and tested while I was there, most of which did not have any problems getting into the 60gh range, even with un-binned chips, so no one should worry about getting a device with less than their ordered hashrate. Without further ado, here is some pics of the first Single being boxed up and shipped out to one very lucky customer.......................................... https://forums.butterflylabs.com/announcements/3214-first-single-sc-60gh-s-has-left-building.htmlNot long now If it was delivered today and difficulty didn't rise too quickly just one of our SC's could make ~ BTC58.00 in its first month of mining. I think with the first months profits enough should be taken to order a 50(GH/s) SC and then all the rest paid into a dividend. I think this idea should be carried on until the second month of mining on our third SC. Before we start the 90% reinvestment of profits. What are investors views on this idea? Does a motion need to be held on it? |
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