Bitcoin Forum
May 07, 2024, 06:47:26 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 [6] 7 8 9 10 11 12 13 14 15 16 17 18 19 »
101  Other / Off-topic / Re: Butterfly Labs ASIC Gear Potential on: June 19, 2012, 06:17:18 PM
I think it would be safe to think that they can get at least two boxes a day out the door in the first week so when they come online.

First week present diff $6 BTC.

฿635.31/day for $3,811.88/day $26,683.13/week

Now in seven days the diff will have doubled so second week you can halve those figures in this you can make your money back, more likely to be the case at least four plus boxes a day shipping under that idea the first 3.5 days present diff $6 BTC.

฿635.31/day for $3,811.88/day $13,341.58/for 3.5 days

Now the diff will have gone up by four times so every day after this you get one quarter (฿158.82/day) the return. Not so likely to get your money back now if they manage to get eight boxes a day out the door the same 3.5 days above applies as well but then in another 3.5 days the diff goes up four times again so your return drops by another quarter a day (฿39.7/day) at the end of the first week. To end up at the point where there is not a hope in hell of getting your money back. Nothing in these figures takes into account the doubling or quadrupling of the coins coming onto to the market for this brief time while the system readjusts to the new hashing capacity nor the inevitable extra hashing that will continue to be added as the days/weeks/months go by, as they are not going to want to sell only 50-60 of these 1th/s boxes let alone none of the other offerings they have listed. As well they have end of October listed for availability if they slip a month then we are into the reward halving territory then the best case payback I list here turns into not a hope in hell of one.

https://docs.google.com/spreadsheet/ccc?key=0Ai2b4IJuKUZhdE5EVFJkUF95TS1BVjdxaEFsSVlQSkE

check out my calculator Cheesy
102  Other / CPU/GPU Bitcoin mining hardware / Re: Xeon Phi on: June 19, 2012, 06:09:43 PM
so that's what it would look like if Intel made a GPU Smiley

F'n sexy!
Yeah I love the industrial metal look without all the plastic.

If intel made a *working* GPU, I bet it would kick the shit out of AMD compute wise..
103  Other / Off-topic / Re: Butterfly Labs ASIC Gear Potential on: June 19, 2012, 06:02:57 PM
updated the spread sheet*

https://docs.google.com/spreadsheet/ccc?key=0Ai2b4IJuKUZhdE5EVFJkUF95TS1BVjdxaEFsSVlQSkE
104  Other / Off-topic / Re: Butterfly Labs ASIC Gear Potential on: June 19, 2012, 05:41:13 PM
Very interesting discussion. So many possible outcomes. I will be talking to BFL in the coming weeks as I contemplate how to invest my capital. I hope they can deliver on their promises. For every difficulty the right gear at the right time will net profit. The trick is when and what.

That is correct, but if you miss a cycle, you could be out of your largest chunk of change Wink
105  Other / Off-topic / Re: Butterfly Labs ASIC Gear Potential on: June 19, 2012, 05:05:46 PM
https://docs.google.com/spreadsheet/ccc?key=0Ai2b4IJuKUZhdE5EVFJkUF95TS1BVjdxaEFsSVlQSkE

you can download the sheet and edit it as you please.
106  Other / Off-topic / Re: Butterfly Labs ASIC Gear Potential on: June 19, 2012, 04:41:17 PM
I'm in the process of making a spread sheet to depict ROI for this device.  Looking great already!
107  Other / Off-topic / Re: Butterfly Labs ASIC Gear Potential on: June 19, 2012, 04:17:59 PM
Your estimates are off.  Every 2016 blocks, the difficulty would most likely quadruple.  Which means in the first week, you'd already see your max profits get quartered.  Give it another week (if it even takes that long) and they get quartered again (1/16).  Another week, another quarter (1/64).  The final week, another quarter (1/256).  Not as shiny, is it?

even by 1/2, a shit storm is brewing!

1/(2^n) Wink

Also, if it quadrupled like that, the difficulty would increase every 3.5 days.  That's scary.
108  Other / Off-topic / Re: Butterfly Labs ASIC Gear Potential on: June 19, 2012, 04:17:05 PM
They will make a lot of money back during that short window, but no where near the cost of the device. I believe, by buying this equipment, we're all just shooting each other in the foot.

Why do you think people will not make their money back. If you are one of the first to the table (timing is crucial here I think) mining at 1TH/s should recoup your $30,000 pretty quick even if the reward is halved to 25 and the difficulty starts to ramp up. Like I said calculations may be wrong but it does seem like their is an opportunity here

Considering they will release more then one at once.  Global hashrate doubles, you'll make half your guess with 1TH/s.  1 week goes by (2016 blocks found) and difficulty increases astronomically.  Goodluck!

When I plug the numbers, at Double the Difficulty and Half the reward the gear would still be repaid ($30,000) in 30 days

Did you account for the difficulty rising twice (possibly 3 or even 4 times) during that period?

When companies order chips like these, they arrive all at once..  If BFL has any common sense, they will flood the market with these things so everyone has a 'chance' at getting the first 1TH/s machine.  Then everyone will complain that their ROI has risen back to 2 years.

1 month gross rates for 1TH/s at $6.38 exchange rate

At present difficulty and 25 reward  - $62850.86 USD
Double the Difficulty 25 reward - $31425.43 USD
Triple the Difficulty 25 reward - $20950.29 USD
Quadruple the Difficulty 25 reward - $15712.71 USD

It still seems to me that even as the difficulty ramps up if you are one of the first to market that you will enjoy a good rate of return until the field equalizes. So your actual return over the first 6 months would probably be a sliding scale of upward difficulty but your initial investment seems like it should be paid off rather quickly

Do the math for an increase in difficulty every 7 days, which doubles.
109  Other / Off-topic / Re: Butterfly Labs ASIC Gear Potential on: June 19, 2012, 04:14:47 PM
Idiot, Amazon dont make money on selling hardware. They make money on services ....aka selling books thro Kindle.

Appl doesnt make money on your I-products... They make money on App Store.

BFL loves idiots like you.

/thread

What's your point? BFL doesn't have an app store, they only sell hardware.

My point is exactly that.

As someone pointed out, it does not make any financial sense for such price point.

Its not like they can have trillions chips to ship.

Anyone thinks the low price point is to completely conquer the market is idiot


because they can conquer the market selling at 95% of the competition.

remember those are prices for SPECULATED performance specs.  Look what happened to the single and minirig

There are 2 main way to conquere the market, only one is used but never both:
+ Lowest price point
OR
+ Most technology breakthro in your products line.

So yes, they're bluffing to fool idiots.


They should have waited to announce this once they had their beta up and running.  If they ever will.
110  Other / Off-topic / Re: Butterfly Labs ASIC Gear Potential on: June 19, 2012, 04:07:59 PM
Idiot, Amazon dont make money on selling hardware. They make money on services ....aka selling books thro Kindle.

Appl doesnt make money on your I-products... They make money on App Store.

BFL loves idiots like you.

/thread

What's your point? BFL doesn't have an app store, they only sell hardware.

My point is exactly that.

As someone pointed out, it does not make any financial sense for such price point.

Its not like they can have trillions chips to ship.

Anyone thinks the low price point is to completely conquer the market is idiot


because they can conquer the market selling at 95% of the competition.

remember those are prices for SPECULATED performance specs.  Look what happened to the single and minirig
111  Other / Off-topic / Re: Butterfly Labs ASIC Gear Potential on: June 19, 2012, 04:01:21 PM
They will make a lot of money back during that short window, but no where near the cost of the device. I believe, by buying this equipment, we're all just shooting each other in the foot.

Why do you think people will not make their money back. If you are one of the first to the table (timing is crucial here I think) mining at 1TH/s should recoup your $30,000 pretty quick even if the reward is halved to 25 and the difficulty starts to ramp up. Like I said calculations may be wrong but it does seem like their is an opportunity here

Considering they will release more then one at once.  Global hashrate doubles, you'll make half your guess with 1TH/s.  1 week goes by (2016 blocks found) and difficulty increases astronomically.  Goodluck!

When I plug the numbers, at Double the Difficulty and Half the reward the gear would still be repaid ($30,000) in 30 days

Did you account for the difficulty rising twice (possibly 3 or even 4 times) during that period?

When companies order chips like these, they arrive all at once..  If BFL has any common sense, they will flood the market with these things so everyone has a 'chance' at getting the first 1TH/s machine.  Then everyone will complain that their ROI has risen back to 2 years.
112  Other / Off-topic / Re: Butterfly Labs ASIC Gear Potential on: June 19, 2012, 03:50:12 PM
They will make a lot of money back during that short window, but no where near the cost of the device. I believe, by buying this equipment, we're all just shooting each other in the foot.

Why do you think people will not make their money back. If you are one of the first to the table (timing is crucial here I think) mining at 1TH/s should recoup your $30,000 pretty quick even if the reward is halved to 25 and the difficulty starts to ramp up. Like I said calculations may be wrong but it does seem like their is an opportunity here

Considering they will release more then one at once.  Global hashrate doubles, you'll make half your guess with 1TH/s.  1 week goes by (2016 blocks found) and difficulty increases astronomically.  Goodluck!
113  Other / Off-topic / Re: Butterfly Labs ASIC Gear Potential on: June 19, 2012, 03:36:20 PM
They will make a lot of money back during that short window, but no where near the cost of the device. I believe, by buying this equipment, we're all just shooting each other in the foot.
114  Other / CPU/GPU Bitcoin mining hardware / Re: 5970 Overheating on: June 19, 2012, 03:12:46 PM
The cards are crashing and rebooting the system like all the time, I have even under-clocked them but they're still crashing. I assume it's due to high temp, and indeed they usually hover at 80-90 moments before crashing

Now is late here, I will try some of the suggestions tomorrow

You make have flaky GPU's.  If new thermal pads and compound does not fix it, ask for refunds.
115  Other / CPU/GPU Bitcoin mining hardware / Re: Is this a configuration (driver) good setup for running a (5) 5830 miner? on: June 19, 2012, 01:26:42 PM
32bit windows CANNOT run more than 4 cards.  Install 64bit.
Where exactly is the restriction? In number of phycical cards or number of chips?
I understand that it's imposible to fit 5 5830s in W7 32 bit, but is it possible to fit there for example three 5970s?

4 GPU's.  you can have 1 5970 and 2 5870's, but as long as the total GPU count is below 4, you're fine.
116  Other / CPU/GPU Bitcoin mining hardware / Re: 5970 Overheating on: June 19, 2012, 01:23:15 PM
Wondering why you can't see them, it's hosted on Imageshack

For all I know, there's plenty of thermal paste and the fan seems in good condition, no idea why it's heating... Beginning to think it's something external like the summer here and the design of the case I'm using.

Imageshack is blocked at work :c

And once you take it off, it needs new paste as the bare minimum.  Air pockets in paste and pads can be viewed as an insulator.

VRM temps up to 125C are fine, but the lower the better.

GPU temps up to 85/90 are ok, but I like my cards hovering around 70.
117  Other / CPU/GPU Bitcoin mining hardware / Re: 5970 Overheating on: June 19, 2012, 12:00:03 PM
I can't see the pictures, but if you took it apart, you need new thermal pads and paste.
118  Economy / Economics / Re: Bitcoin is spreading! on: June 19, 2012, 10:10:33 AM
Quote
Got screwed over in an accident because I was 18.

Great device to have. I got screwed in an accident because I am not (white / caucasian)!

I feel ya there.  It was heavily snowing out, slush everywhere.  Idiot decides to cut me off.  People in front of him slam on their brakes.  He goes into them, I go into him.  If I had that,  I would have sued him for fraud.
119  Other / Off-topic / Re: Dual use ASICs, Mining and Cracking on: June 19, 2012, 10:07:23 AM
There's a more fundamental problem than choice of scale in those graphs - using current hardware speeds to predict times to crack of years or more is meaningless; hardware speed increases exponentially.

More characters in a password will certainly help, but you'd be surprised how high a percentage of users use 8 character or less passwords. Remember, we're not discussing how to secure your account - we're discussing the potential power and implications of the use of ASICs for SHA256 cracking.

I figured in 100 million hashes per second. following moores law, we can make the hashing power double every two years to see what kind of impact that makes on it.  I'll do it when I get to work.

Edit: takes a ton of loops.  Too lazy to do it in excel.
120  Economy / Economics / Re: Bitcoin is spreading! on: June 18, 2012, 07:12:03 PM
Very cool.  And the device their selling doesn't look half bad.

Their webpage, on the other hand, could use some work.  Selling a device that is so technical and having such a poor website doesn't exactly inspire confidence for the consumer.

Yeah, it looks great.  I've been meaning to build one of these or buy one for a long time.  Got screwed over in an accident because I was 18.

I may use raspberry pi and connect two cameras to it with a large sd card and wire it to my +12v.  Somehow wire it to my fuse box to get a 'turn on record' feature.  Would be a neat project.
Pages: « 1 2 3 4 5 [6] 7 8 9 10 11 12 13 14 15 16 17 18 19 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!