This is probably going to affect BFL sales (especially considering BFL is always late) http://www.finextra.com/News/Announcement.aspx?pressreleaseid=51605&topic=retailSnippet Scheduled for delivery in early January 2014 and powered by CoinTerra's proprietary high-performance GoldStrike1™ ASIC, the new 1 TH/s TerraMiner™ II will retail for $3499 as an entry-level Bitcoin mining solution designed for the best price/performance ratio in the industry. Previously announced as the first 2 TH/s professional Bitcoin miner, CoinTerra has announced a major price reduction for the TerraMiner IV to an astonishing $5999 for January delivery to customers. This makes CoinTerra the first Bitcoin hardware company to break the $3 per Gigahash barrier.Now, compare that to 600Gh/s for $4680... ($7.80 per Ghash) Cointerra is less than half price... This is what they have to do to keep up with the difficulty increases and give a positive ROI before the cost of electricity exceeds the revenue the device makes. There is plenty of margin in these things when you look at the components used vs the sell price. |
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$110+ per GH/s is bad value, even the BFL products from April were $50 per GH/s or less. The developers of the thumb would have known this in advance before they started the project. The current market expects $20-25 per GH/s to break even. What people forget is that Bitfury 55nm chip based miners have to get a positive ROI within 6mths or they will start making a loss at current BTC prices, the cost of electricity will be higher than the BTC they produce. Punching the numbers into the http://mining.thegenesisblock.com/ calculator tells me at 2.1BTC the unit will make a loss of around $160, which is more than half it's purchase price. In order to make a profit BTC/USD would have to rise to over $300. In which case it would be better to just hold onto your 2.1 BTCThe unit which costs you 2.1BTC will only return 1BTC before it can't cover the electricity price, therefore it should be priced at 1 BTC or less. |
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Thank you for warning My attempt to find a piece of existing! (not "will be available in N months") hardware/chip, that can keep up with current rise in difficulty has failed. I used http://mining.thegenesisblock.com/ Because of huge risk and 0 liquidity and loss of value involved with mining equipment, I like to see at least 30% ROI in 6 months. (did you see, how I used ROI!) Now, this funny use of ROI. LOL, "12 months for ROI" ummm. what? "It will not ROI"? Really? WTF that even means? How about "12 months for USD"? Sounds idiotic? How about "It will not euro"? LOL This is not how ROI is used. ROI is metric. You need a number like 10% or 50% or 10 BTC etc. "return on investment (%) = (Net profit / Investment) × 100%" or "return on investment = gain from investment/ cost of investment" You do not say "I have ROI in 12 months", you say "I break even in 12 months". "I had 12% ROI in 1 months" is fine but "I had ROI in 1 month" We talk about a positive ROI here, it's assumed people understand this without it having to be spelled out each time. |
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Now that is useful information to have. At least I understand a little better what is going on. I have no problem with continued support as long as we don't end up back where we were....
The last 10blocks or so have been well less than 10min apart, many only 2min how much better do you want it? When I posted before we were over an hour per block... checking times of posts might help you to be less snarky... Hey, your the one complain about the coin not me. Welcome to my ignore list Mr Snarky. TomPool killing it right now!
Tompool has grown a bit, it's doing about 60MH/s but I am not sure if it's auto hopping to GME or if it's manually switched. There is a static pool of about 10MH/s mining GME there, which is not in the multi pool rotation. |
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This seems like a pretty unfair topic. I know you are just trying to warn potential buyers who haven't done their homework, but really...
"Do NOT buy any ASIC miner if you are looking for a guaranteed ROI" - FTFY
There is probably a lot of truth to that, ASICs are not looking profitable atm. unless you can get them for about $20/GH/s or less delivered in the next month or two. The net hash got very close to 1 PH/s this week, probably pass it in the next peak. |
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Yet they are happy to support mega farms
Source? Um, the post I will commenting on above. Also I guess you haven't heard of things like ASICminer and 100TH I asked for a source not some fishy comment in a thread. Oh you are a smart ass too, I should have guessed, welcome to the ignore list. |
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they will never ROI.
ROI is not a verb  It is actually. Return On Investment and Return is a verb. |
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It's not so much that it won't ROI, it's just not a good hardware deal, I can get 6 block erupter sticks and a USB hub to suit for half the price they are asking! That's an awful lot more hardware value than just one thumb at 2.1 BTC+ The Bitfury chips are vastly more efficient than the BE chips so there is a power saving to be made, that's about it. |
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You should have realized by now that the community has been learning a lot from the past months.
Don't complain about your costs being high... that's your problem. Make better decisions next time.
Almost everyone is in this for the money and the ones who are not just got run over by your minimum order.
So please, improve your pricing.
That may be. Consider that the primary item is over $108 each chip and consider that the price of those asic's are expected to drop for next months orders. However the unit itself is USB based and cgminer supported and you can flash the firmware. Hmm sounds like a great tinkering tool for those who want to see what they can do with Bitfury Chips. BS the reels of chips until recently were $60,000 for 3,000, that's $20 per chip. Reels haven't started shipping yet. Also where are they $60,000? Reels don't start shipping till later this month and the start of next month. July delivery |
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You should have realized by now that the community has been learning a lot from the past months.
Don't complain about your costs being high... that's your problem. Make better decisions next time.
Almost everyone is in this for the money and the ones who are not just got run over by your minimum order.
So please, improve your pricing.
That may be. Consider that the primary item is over $108 each chip and consider that the price of those asic's are expected to drop for next months orders. However the unit itself is USB based and cgminer supported and you can flash the firmware. Hmm sounds like a great tinkering tool for those who want to see what they can do with Bitfury Chips. BS the reels of chips until recently were $60,000 for 3,000, that's $20 per chip. Zefir is selling them for .27 BTC per chip https://bitcointalk.org/index.php?topic=288718.0Even the July delivery ones were only 21 Euro each http://www.bitfurystrikesback.com/product/bitfury-55nm-asic-by-reel-july/ |
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Sigh... Anyone want to mine p2pool for a change? I'm on ~32 KH/s in p2pool... (Nvidia GT630M, i5-3337U)
p2pool is really only good when a coin is starting out, after that most people move over to a normal pool. If the p2pool you are on doesn't have a couple of MH/s you are going to take ages to get any coins.
Now that is useful information to have. At least I understand a little better what is going on. I have no problem with continued support as long as we don't end up back where we were....
The last 10blocks or so have been well less than 10min apart, many only 2min how much better do you want it? |
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1 month to go before there finished mining with these and the PANIC SELL ! will begin
This won't happen. As has been said before if we can't sell for a profit then we will just mine. How much profit? Bitfury chip $20, rest of the parts $20, 2.1 BTC = $290 Some comparisons: Drillbit Bitfury thumb .99 BTC 2.5GH/s Block Erupter USB x 6 = 0.96 BTC 2GH/s Block Erupter blade = 3.9 BTC 10/GH/s (ships immediately) BFL 5GH/s miner = 2 BTCLets get real with the 2.1 BTC pricing, I guess there are suckers out there. |
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^^^
Asicminer BE hashes at 336mh/s these do around 2.5
Asicminer BE's sell to new customers for around 0.3 BTC
this is "in-hand" hardware. the chips alone cost me $130 each
you do the math.
cheers,
kev
I bought some ASICminer BE a few days ago at 0.175BTC, next batch I am told will be about 0.16BTC ea. |
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So. Um.
All this speculation. If they're going to make people's expected delivery dates— you would have thought that they'd have test hardware in the miner software folks (remote) hands by now.
Just saying…
They reckon they have already done the miner software themselves and thanked the cgminer devs for the code base. |
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$18,560 per day return. Not bad. I wonder what the cost is?
That's a significant fraction of the mining power of the network... Do you think they meant GH/s? Not really, the net hash is currently 950TH/s could hit 1PH/s in the next few days. In a few months 25TH/s will be trivial. |
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If they are designing for a data center rack user, they failed. I don't think that is the case (too narrow, too tall, external power). If they did design it for rack use, it would not make it unusable at home.
Personally, I hope they make the next version perfect for data centers because the sooner all of the big players bankrupt themselves trying to put these in a data center, the sooner the rest of us make a profit.
The case is designed to fit in a 19" rack, hence the staggered module layout and air baffles. I too am counting on the big players to bankrupt themselves and restore some normality to the bitcoin network. Happy to wait and pick up a Jupiter next year on eBay for a couple of hundred bucks from a failed data center farm, and run it off solar. The Bitcoin net hash is over 950TH/s atm. could be 1PH/s by the weekend. I bet the farms weren't expecting that mid September! |
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Yet they are happy to support mega farms
Well they might not be happy with mega mines, but they wouldn't necessarily stop any individual from buying 110TH of product. Problem with that is, 110TH/s of KNCminer gear pulls about 176kWatts, so I don't see you putting that in the garage, that means data center, aircon costs etc. to kill your profitability. However, I could see an individual with a couple of Jupiters in their garage, no aircon just an exhaust fan having a viable mining rig. The irony is, KNCminer are clearly designing for the data center rack user, the least viable form of mining. |
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I thought the hold up on Jally shipments was because they were outsourcing the production? That's what Josh suggested in their forum chat.
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