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961  Bitcoin / Hardware / Re: my jalapeno shipped on: June 04, 2013, 09:51:51 PM

Good to see several being prepped for shipping.  Let's hope this becomes a daily thing and ramps up.

Even though it only shows the 5GH/s cases on flat surfaces, each one is potentially a case with a fan in it, and that's the main thing, it also shows that BFL is making photographs of product, instead of just shipping product. Thus exposing the shill claims of trolls here as massively over optimistic.

FTFY.

BFL customers have already been screwed. The only metric that matters now is if BFL can actually contribute a meaningful amount to the network hash rate. If they cannot, then the slice of the pie their customers can capture is too small to matter.
As for BFL actually shipping in bulk, I will believe it when I see that their backlog is not 90 days (+ 2 weeks ad infinitum) long
962  Bitcoin / Hardware / Re: my jalapeno shipped on: June 04, 2013, 09:34:11 PM
It was real but:
Quote
No, SgtSpike wasn't suppose to get an email for that shipment, it went out accidentally.

(Josh in the Shoutbox)

So no shipment.

Nope, you can hang on to your smug smile for a while longer...

BFL already put a ton of cash into my pocket by siphoning off millions of dollars that would have been spent on raising the network hash rate. I get to keep my smug little smile forever.  Cheesy

Now that the Avalon and ASICMiner waves are here, it does't really matter what BFL promises anymore. Even if BFL ships 50 Jala's every single day (unlikely), that is only 1.25TH a week which isn't enough to move the difficulty needle anymore now that there is 100TH currently and another 100TH due in the next 2 months. BFL failed to capitalize while Avalon and ASICMiner continue to deliver the hash rate.
963  Bitcoin / Hardware / Re: Butterfly Labs Announces Bulk Chip Sales on: June 04, 2013, 06:58:38 PM
And the BFL chip performance is only marginally better hash/$ than Avalon's. Why would anyone take that risk?

Price/Performance
BFL: 2600 MH/s for $89 is 29.2 MH/s per $1
Avalon: 280 MH/s for $10 is 28 MH/s per $1

Power efficiency
Avalon: 66,000 MH/s @ 600W 110 MH/w 
BFL: 5200 MH/s @ 35W 148MH/w  (the ars technica box measured 5.2 @ 50W)

This advantage turns negative when taking into account that these chips theoretically arrive 4 to 5 weeks after avalon chips arrive when ordered at the same time. In this time the difficulty grow so much that there is no advantage anymore or even an disadvantage.
The pricing for BFL chips is extremely goofy. The better performing chips are actually cheaper per engine, so until BFL updates their prices there's no reason to purchase anything but Grade A chips.

As for why you would choose the BFL chips over the Avalon ones, I would say that BFL's present more interesting opportunities for board and cooling design. The BFL ASICs consume less power than their Avalon counterparts, and the lower device count per GH simplifies board design. If both were available immediately at the current prices I think it'd be a no-brainer.

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.

There is certainly a lot more room for potential improvement with BFL. But there are too many unknowns until they are able to produce in bulk and ship to their customers. They say 100+ days, but we all know that could mean 100 days + while(1) { date = date + 2 weeks; }.  We don't even know what the size of the grades/bins are. If everyone orders Grade A and that ends up being 3% of the yield, there are going to be a [blot[/b] of unhappy customers.

Avalon has at least gotten over 100,000 of their chips onto boards and those boards into devices and shipped to customers. We have some performance history in the wild to go on with them. We shall see how late they are delivering their chip orders.
964  Bitcoin / Hardware / Re: Butterfly Labs Announces Bulk Chip Sales on: June 04, 2013, 03:40:53 PM
And the BFL chip performance is only marginally better hash/$ than Avalon's. Why would anyone take that risk?

Price/Performance
BFL: 2600 MH/s for $89 is 29.2 MH/s per $1
Avalon: 280 MH/s for $10 is 28 MH/s per $1

Power efficiency
Avalon: 66,000 MH/s @ 600W 110 MH/w 
BFL: 5200 MH/s @ 35W 148MH/w  (the ars technica box measured 5.2 @ 50W)

This advantage turns negative when taking into account that these chips theoretically arrive 4 to 5 weeks after avalon chips arrive when ordered at the same time. In this time the difficulty grow so much that there is no advantage anymore or even an disadvantage.

If they arrive at all. Avalon has already demonstrated their ability to produce lots of chips that work and actually ship them to customers. I would imagine these chips would earn in a day what they cost in a year in electricity.
965  Bitcoin / Hardware / Re: I'm starting to get fucking pissed (BFL) on: June 04, 2013, 02:20:59 AM
Walder Frey gives BFL 2 thumbs up.



What could possibly go wrong?
966  Bitcoin / Hardware / Re: Butterfly Labs Announces Bulk Chip Sales on: June 04, 2013, 01:19:01 AM
Well it's been over 48 hours, several people have tried starting group buys but as far as I can see not a SINGLE person has commited to SINGLE chip.

A few who did show interest would only do so if payment was on delivery and nothing up front.

Sanity prevails on bitcointalk Smiley





This was always going to be a longshot for them. They are experts at marketing their products to unsophisticated buyers (not pumping up my own tyres, they got me as well). Anyone contemplating buying chips themselves is likely an order of magnitude better informed and would see that the risk of buying BFL chips doesn't justify the premium. Only by shipping all product lines in volume will BFL demostrate that their chip issues are behind them.

It's catch-22. If the chips worked properly they would have had developers begging them to release them. Because the chips don't work very well they need to sell more to get a better volume price. But no one experienced will want to buy chips to help them do that.


And the BFL chip performance is only marginally better hash/$ than Avalon's. Why would anyone take that risk?

Price/Performance
BFL: 2600 MH/s for $89 is 29.2 MH/s per $1
Avalon: 280 MH/s for $10 is 28 MH/s per $1

Power efficiency
Avalon: 66,000 MH/s @ 600W 110 MH/w 
BFL: 5200 MH/s @ 35W 148MH/w  (the ars technica box measured 5.2 @ 50W)
967  Bitcoin / Hardware / Re: [Announcement] HyperX Technologies presents current chip development on: June 04, 2013, 01:10:03 AM
Do you take Visa?

968  Bitcoin / Hardware / Re: Butterfly Labs Announces Bulk Chip Sales on: June 03, 2013, 10:21:54 PM
Notice how Erk claims the BFL chips win but can't post any numbers to back it up?  Grin
969  Bitcoin / Hardware / Re: Butterfly Labs Announces Bulk Chip Sales on: June 03, 2013, 08:21:03 PM
I guess now Yifu can now check to see if BFL's chips really are 65nm if he gets in on a group buy of 100.

$100 is cheaper than ponying up one of those 6GH/s development boxes.

Maybe Avalon should simply buy a large lot of chips and design Avalon MK2 to run on bfl chips. Sure would solve a lot a problems for them and bfl.


Why would they? BFL chips bang for the buck is about the same as Avalon.

Retail prices:
BFL   2.5GH/s for $85  29MH/s per $1
Avalon  280MH/s for $10 28MH/s per $1

Avalon of course has access to wholesale prices for their own chips, so their chips are far more efficient for them to use than paying BFL.

970  Bitcoin / Hardware / Re: Butterfly Labs Announces Bulk Chip Sales on: June 03, 2013, 05:30:55 PM
Only credit card companies might save their ass (consumer)...

BFL doesn't take credit cards.

PayPal does...

Sure, but after 45 days Paypal considers the sale final. So if you have an old pre-order (100 days old for instance Wink ), Paypal won't help you. Since the CC companies are paying Paypal and Paypal didn't rip you off, the CC companies won't help you. That is why people were recommending renewing a pre-order every 45 days with BFL through PayPal.

That's what I thought, but it's not the case; apparently depends on the card issuer. I've been looking into this and speaking to banks...

I was talking about Paypal disputes, which are different than CC charge-backs.
I guess if you can get the CC bank to consider a charge-back then they will go to bat for you. Insuring transactions through the CC might be a good avenue to explore as well.

Yes, I'm not a BFL customer, just trying to protect my ass elsewhere.

I also spoke to Paypal, they will do nothing for you after 45 days, aside stop the seller from using Paypal if enough complaints are received...

I read elsewhere that visa and mcards 180 day warranty is invalid with third party payment via Paypal, so rang a my card issuer and Paypal.

Paypal wouldn't confirm anything but their 45 day window, surprisingly my card company was willing.

I have them on record saying that as I recorded the conversation.

Respective banks handle disputes in their own way so don't take my situation for granted. This is only for credit cards, not debit, but again your bank maybe different. I'm not in the US.

Any BFL customer should have done this beforehand. It was their responsibility, but greed blinds...and I've seen f**k all due diligence applied to most 'investments' here!

That is good knowledge.  Smiley
971  Bitcoin / Hardware / Re: Butterfly Labs Announces Bulk Chip Sales on: June 03, 2013, 04:30:00 PM
Only credit card companies might save their ass (consumer)...

BFL doesn't take credit cards.

PayPal does...

Sure, but after 45 days Paypal considers the sale final. So if you have an old pre-order (100 days old for instance Wink ), Paypal won't help you. Since the CC companies are paying Paypal and Paypal didn't rip you off, the CC companies won't help you. That is why people were recommending renewing a pre-order every 45 days with BFL through PayPal.

That's what I thought, but it's not the case; apparently depends on the card issuer. I've been looking into this and speaking to banks...

I was talking about Paypal disputes, which are different than CC charge-backs.
I guess if you can get the CC bank to consider a charge-back then they will go to bat for you. Insuring transactions through the CC might be a good avenue to explore as well.
972  Bitcoin / Hardware / Re: Butterfly Labs Announces Bulk Chip Sales on: June 03, 2013, 03:19:19 PM
Only credit card companies might save their ass (consumer)...

BFL doesn't take credit cards.

PayPal does...

Sure, but after 45 days Paypal considers the sale final. So if you have an old pre-order (100 days old for instance Wink ), Paypal won't help you. Since the CC companies are paying Paypal and Paypal didn't rip you off, the CC companies won't help you. That is why people were recommending renewing a pre-order every 45 days with BFL through PayPal.
973  Bitcoin / Hardware / Re: Butterfly Labs Announces Bulk Chip Sales on: June 03, 2013, 02:59:53 PM
Only credit card companies might save their ass (consumer)...

BFL doesn't take credit cards.
974  Bitcoin / Hardware / Re: my jalapeno shipped on: June 03, 2013, 02:07:01 AM
It was real but:
Quote
No, SgtSpike wasn't suppose to get an email for that shipment, it went out accidentally.

(Josh in the Shoutbox)

So no shipment.
975  Bitcoin / Hardware / Re: Butterfly Labs Announces Bulk Chip Sales on: June 02, 2013, 04:51:47 PM
Forget how little they are making on the Jalapenos.
At $50 per chip (if that's correct) the 1.5 TH/sec mini rig will cost them $26,000 in chips alone to manufacture!

Dude ASICs cost between $0.5 - $2 each to manufacture dependant on volume of chips and intricacy of mask layers.

Explaination of the process BFL's contractors are using for chip production:
http://en.wikipedia.org/wiki/Multi-project_wafer_service

They outsource production to a company like this one. Here is their price list:
http://cmp.imag.fr/products/ic/?p=prices

They have not been doing the full mask + full wafer run for hundreds of thousands of chips. They have been getting hundreds of chips each time they did a run, which means they are doing MPW. That means a ballpark price of $40-$60 per chip depending on volume.
976  Bitcoin / Hardware / Re: Butterfly Labs Announces Bulk Chip Sales on: June 02, 2013, 03:41:31 PM
If they deliver a single ASIC before all pre-orders are shipped, they fucked their customers again. There are no signs that they will ship all their pre-orders in the next 100 days. I read the announcement several times but don't see the statement that the ASIC shipment will begin after the last Miner pre-order was shipped.

I hope they do, just to rub it in your face! It's clowns like yourself that try and equate the supply of a single component with the supply of a completed whole item. If it were just chip supply that was holding up the pre-orders they would have been out the door weeks ago. Why not pick on long torex screws, or cases, they need those too.

Poor Erk. Working so hard to call everyone a clown, or douche, or troll.
Doesn't BFL have a job opening for a public relations manager?
977  Bitcoin / Hardware / Re: Another lie on: June 02, 2013, 03:30:15 PM
Jun.2.2013: Another lie

https://forums.butterflylabs.com/pre-sales-questions/3026-forced-refunds.html#post37336

"BFL_Josh BFL is not doing forced refunds on anyone. Whoever you purchased through is lying to you."

Josh used the present tense. Maybe right that second they were not forcing a refund on anyone.  Cheesy
978  Bitcoin / Hardware / Re: Butterfly Labs Announces Bulk Chip Sales on: June 02, 2013, 03:28:12 PM
This is interesting.  Chips delivered en mass in around 100 days?  Is that BFL suggesting they will get most or all of their preorders done within the next 100 days and then concentrate on the chip business?  To me it seems pretty unlikely, as the PCBs instead of the chips seem to be the hold up right now.  BFL could well be shipping chips while product preorders are still outstanding.  It will take a while for third parties to develop, test and ship their own boards so BFL probably have 200 days from now before rival products appear based on BFL chips.

So... at 200 days for 3rd party.

I guess the question folks considering chips need to ask themselves is... will third parties deliver faster at 200 days, than BFL itself.  Tough call... I would lean towards third parties.

I personally have no interest in their chips with the current state of information about them and their reference design.

Or it is total BS, which from these guy seems totally likely.

Remember, not one unit of the newer BitForce line has shipped, at all. Just a few Jalepenos so far, which is an older one before that little refresh when it was obvious their first design was flawed.

Now they suddenly can handle additional demand to ship bulk chips too?  Undecided

Or, maybe BFL needs a little more funding to buy the chips for the new product lines.
979  Bitcoin / Group buys / Re: BFL ASIC Group Buy on: June 02, 2013, 06:45:14 AM
Just FYI, I'm still sceptical of whether I should escrow BFL chip group buys. :/ I would prefer that the chips were somewhat more confirmed before even starting this as given their track record, 100 days could easily turn into 1000 days... (and I'll need to hold the coins for god knows how long Shocked)

Wise words.
980  Bitcoin / Hardware / Re: Butterfly Labs Announces Bulk Chip Sales on: June 02, 2013, 12:41:58 AM
So... I haven't been paying attention.

Are all the engines equivalent performance, and if so... what is the performance per engine?

2 chips per Jalapeno
~28 engines for 5000 MH/s, if we assume each engine produces 1 hash per clock then the engines are running at ~180Mhz and doing 180Mh/s

Imagine how much it stung to go from 1 chip  @ $40-60 apiece to 2 chips per Jalapeno. That probably blew up their margins on all of their $179 era pre-orders.

Heatsink + fan: $15
PCB: $20
Case, cable, and power brick: $15
2 chips: $100

Estimate COGS of Jalapeno is $150. Those are some slim margins @ $179 retail.

I think you are prob a little bit off here. With BFL offering the $100 upgrade from 5-7 gh/s for Jalapeņo I am assuming that what that 'upgrade' consists of is that they use Class A chips instead of class C/D. This gives them a little better margins if they can use 13-15 engine binned chips for the 5 gh/s jalapeņos.

Still not impressive margins, OR of course they may have MASSIVE margins on the bulk chip sales. Hard to know.

Yes, the upgrade was just chip binning and some firmware to run them at a different clock speed. The $100 is so they stay afloat while processing the pre-orders.

One can look up how much a square MM costs in an MPW production run. It ballparks them around $40-60 a chip which fits with their announced prices.
It also explains why so much time was spent tinkering with the chip & boards trying to get 5GH/s out of just 1 chip. They couldn't just slap in 2 chips per jalapeno and ship them without wrecking their margins @ $179. Since they promised 5GH/s, they would get lynched if they tried to deliver only 3GH/s for $179.

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