If I had the money I would buy some and quickly sell them for double on ebay.
It seemed to work well for people when the BE's came out.
Notice we are not selling them on Ebay? Is that your way of saying "buy a bunch in a batch so you can resell and flip them for profit instead of mine on them like they are desinged for" My way of saying we came to a knowledgeable part of the community, offered our wares at our price and have accepted our fate up or down on sales as opposed to "fleecing" people who might not have the same level of understanding or access to this forum. Reselling is fine, ebay is fine, just not how we have gone about it and no my statement merely points to the fact the we are trying whenever possible to be ethical in business practices. We are also trying to open up a positive dialogue with the community for future products. We want to do more to provide products that are available and meet the needs of this community. |
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Gotta have a mascot for a group buy like this right?  |
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Here is an exercise.
Imagine that when you post you are helping that one individual that hasn't quite made up their mind to get a refund or to chose someone other than BFL for their next mining purchase.
That is what I do. You can get great joy out of posting with that mindset. Your hate for Josh and BFL is well placed but in the longer term not really where your efforts have the best effect. Invert that feeling of hate and you can post for years without stress. Smile and enjoy every post you make knowing that one less refund will get denied and one fewer person will buy BFL. Satisfying is that feeling.
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I have received every item I've purchased from them so far. My late Aug orders were just received. They are indeed picking up the pace
I stand justified ...once the products are NEGATIVE ROI they will ship u the units ... The whole purpose is to keep you off main net until the last possible moment...and then its make more money to ship you their GEN 1 product...3 bites at the cherry.....Self Mine...Lock Up funds to stop u mining ...and then selling obsolete shit This is the scam !!  Your bucking for a free trip to BFL aren't you  I understand that when placed in a situation discretion is the better form of valour ...PG meets king con & Josh "I fuck u from behind" Inaba They will find it would be a waste of money as I will tell u get fucked to your face..i dont really care for these arseholes... I have clarity to this whole affair and i wont let go Letting go gives you more clarity. Cut the cord. Try it. I let got ages ago...I dont have ASICS or orders for them with ANYONE ... What I cant stand is frauds & conmen taking adavantage of others ...then u have these other morons that buy the story & defend their bullshit (enter bcp) I agree these psychopaths are here to stay...but i will be here still throwing hand grenades any chance I get and ensure history does not get re-written  Again there is still the agro of 'caring' and being 'over invested' and it is not really needed right? Let them be the ones that care about their reputation and business folding. You have let go somewhat but emotionally you are still invested. You can let that go as well... suffice to say BFL is not worth the effort. The effort in informing people of their shady practices is required. The emotional effort required to post isn't really. Remember they are taking pleasure in your being upset there is no two bones about that. Take deep breath. Cut the cord and let go.  |
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I have received every item I've purchased from them so far. My late Aug orders were just received. They are indeed picking up the pace
I stand justified ...once the products are NEGATIVE ROI they will ship u the units ... The whole purpose is to keep you off main net until the last possible moment...and then its make more money to ship you their GEN 1 product...3 bites at the cherry.....Self Mine...Lock Up funds to stop u mining ...and then selling obsolete shit This is the scam !! Your bucking for a free trip to BFL aren't you I understand that when placed in a situation discretion is the better form of valour ...PG meets king con & Josh "I fuck u from behind" Inaba They will find it would be a waste of money as I will tell u get fucked to your face..i dont really care for these arseholes... I have clarity to this whole affair and i wont let go Letting go gives you more clarity. Cut the cord. Try it. |
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Uh. The subtext here is that cancelling will make them ship yours right away.
It's almost a little hard to believe since, obviously, people would eventually figure that out and the result would be pretty easy to predict.
Seems to be evidence of that happening. |
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If I had the money I would buy some and quickly sell them for double on ebay.
It seemed to work well for people when the BE's came out.
Notice we are not selling them on Ebay? |
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Telling someone elses product is bad doesnt make yours good.
Yes bfl is a horrible and terrible company,
Yes your product looks good and works good and cool.
Yes I would buy for hobby or look reasons.
But HELL NO your product doesnt offer any ROI whatsoever , it is expensive as hell and nothing close to being a financial investment.
Altough when I buy a painting at a grocery store not expecting a ROI , I expect it to be a decoration , so I think your product is for decoration purposes only
Not the point of my post. |
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[RESERVED] Product Description
Developed on 28nm HPP process from Global Foundries
Custom IC package with power bars for low voltage, high current feeding
Configurable in binary tree or daisy chain mode for distributed work with up to 4095 ASICs.
Standard I2C interface
Hashing power* of 20 GH/s in nominal and 40 GH/s in Turbo mode
Power usage* of 0.35 W/GH in low power, 0.6 W/GH in nominal and 1 W/GH in Turbo mode
Supply voltage* of 0.5V in low power, 0.65 V in nominal and 0.75 V in Turbo mode
Mass production available starting from the last week of November 2013
* Please note that while we took the highest possible care in doing accurate and conservative
simulations, the real performances of the final product could vary by a +/- 20% tolerance. How I can miss that  End of October. In this case, we have very limited time to design. No, end of October is where the support material is guaranteed to be complete. This implies that it will be made available as open source as early as Bitmine has it - essentially DIY developers will have identical access to the relevant documents. Since chip sales are part of their business, Bitmine has a vital interest to provide all available support to developers. That's why I am confident in this commitment enough to include the guarantee as part of the offer. |
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Situation:Designed from scratch, Bitmine’s Coincraft A1 is a third generation Bitcoin Mining IC developed by Bitmine in co-operation with a team of expert engineers from Innosilicon. Targeting the highest possible power efficiency, the A1 is made to be deployed in huge binary trees structures within large scale private or public mining pools. Available in mass scale production starting from the last week of November 2013, the A1 employs cutting edge 28nm HPP technology from GlobalFoundries and ultra low voltage transistors, packaged into a custom engineered IC package that features our proprietary PowerBar technology for very low voltage, high current applications. Whether you want low power usage or high performances, the A1 fits perfectly both. Our ASIC is the result of more than half a year of engineering and analysis of current systems limitations and predicted future of Bitcoin mining. That’s why we are confident it will be the best ASIC Bitcoin Miner design ever to be available on 28nm technology. Detailed datasheet with the specifications of the package outline and the interface protocol will be released to buyers during the month of September. https://bitmine.ch/?product=coincraft-ai-asicFocusLooking for hardware / software designers and miners willing to work together on a DIY Open Source Hardware / Software project that will develop a smaller 4 chip board that can turn 80 to 160 Gh/s for the group members and also the rest of those in the community who would be interested. Open Source would be released only after things are fully tested and working to the whole community. Production to take place upon delivery of the chips could take place at various fabricator worldwide. ResponseThe group buy would be a start to finish development not just the chips. EvalutionMiners would be shipped to members of the group buy after production is complete. Some members can do the fabrication as well and produce the miners. It would be up to each member of the Group Buy to decide on their preference for production.
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Following.
Looks like a good chip might be worth a DIY open source hardware project.
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The Bitfury-based USB miners look like they'll be the next "big thing" - 2.5GH/s+ on a USB stick. I know I'll be replacing my Erupters with a rack of them.
They don't run on anything but RPi for now. I am running 14 Bitfury USB miners on one laptop and another 98 via a motherboard. Not a RasPi in sight  250 Gh/s total cheers, kev 250 / (14 + 98) = 2.2 GH/s each As of now 2.2GH/s will make 0.00982339 BTC a day Assuming difficulty will rise 20% each diff change (it has risen average way higher than that for the last 10 diff changes) 2.2 GH/s will make about ~ 0.54294555 BTC in 100 days 2.2 GH/s will make about ~ 0.65738121 BTC in 200 days again they are most likely OVER estimates. So anyone paying 0.6 BTC or more for them is most likely gonna lose. Have you done calculations for BFL products? |
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I think this is more of a seed for the DIY to start from. I am hopeful that we wouldn't need to be dependent on a "chip" to get things going.
An actual open source ASIC chip would be a great starting point but there are obviously some easier pathways to get started on this. Something like the Klondike mindset and using a off the shelf chip to start with.
In terms of "membership fees" I see it more as sweat equity. People can put in time, money and work to the development of projects for not just hardware but software etc that the whole community can use whether they are members or not. Having something that is more grassroots miner built and funded as opposed to commercial would be a great place to start. I think also that BitCoin conferences where the DIY Open Source Hardware / Software guild could interact with the community would also be great.
There are some great ideas for curecoin's using our hash power for other things besides BTC. What will happen with those million dollars worth of miners when they become useless? I think a guild could work on that and provide alternative uses for this huge wasted resource that is going to occur.
Bounce some ideas here... then when we get enough of ground swell I think we can move forward and even have project that we can all support.
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So the 'possible' but not likely, break even BTC price for 2.2GH/s mining is now ~0.65BTC if you get it today - i.e. unlikely to do much better than ~0 BTC profit if you pay 0.65BTC for 2.2GH/s
That's assuming 20% per diff change, which the average over the last 10 diff changes has been higher than 20% (the last 4 have been almost 30% or more)
i.e. at 20% diff each change, 100 days mining, 2.2GH/s = ~ 0.54294555 BTC
at 20% diff each change, 200 days mining, 2.2GH/s = ~ 0.65738121 BTC
N.B. those BTC return numbers are VERY likely to be an over estimate.
Was the price posted?
2.3 - 2.7 Gh/s is the range I think Kevin was getting when burning in. |
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This thread makes me  (one of the few in this forum). I'm so glad I'm able to help so many of you out! For now, I'm going to continue sending information privately via PM rather than posting like I thought I might. It seems to be working for people so lets keep it going! (I'll save my rant on BFL for when everyone who needs help has been helped) Why rant when you can help?  |
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This could be morphed into an open source hardware / software or DIY Custom Hardware Guild as well. Given the work of hundreds of people on the gen1 avalon chip boards there is certainly a lot of people keen on supporting a more collective approach.
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are you shipping from South-East Asia too?
and do you know if they work out of the box with MinePeon/cgminer? which version of cgminer is necessary?
It works with bfgminer. We are working with cgminer devs. After the cgminer comparability is added and it is released I would assume minepeon will incorporate the update (as it does with all cgminer and bfgminer updates) Yes shipping is from Indonesia. We will have a unit in Ckolivas hands by next week so we hope that will help get CGMiner support. |
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I think out of the whole bunch that were fabbed 2 units failed to hash. Pretty good news I think for those ordering BitFury chips.
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