Its still all a foreign language to me.
If a Jalipino from BFL costs IRO $150.00 it is 3.5 GHs
In the current environment how long will it take to earn 15 coins?
Regards
S.
At the moment the difficulty is 2,864,141.
This means you need to hash at average 2,864,141 blocks of 2^32 values to find a block of 50 BTC.
The average time it takes to find a block is 10 minutes.
This gives 2^32 * 2864141 / 10 / 60 = 20.5023 Tera hashes / second.
If you add 3.5 GHash/s to it the total speed will be 20.5058 THash/s.
Your part will be at that moment 20.5058 / 0.0035 = one 5858.8th of the network.
With mining on a pool you get on average 50 / 5858.8 = 0.00853417 BTC each 10 minutes, so 15 BTC will take about 1758 times 10 minutes or 12.2 days.
But when the BFL miners will be available you won't be the only one who got one of them.
If they sell 3000 jalapeno's, 1000 single's and 100 mini rigs (I just made up this numbers) that would be 3000 * 3.5 + 1000 * 40 + 100 * 1000 GHash/s = 150.5 THash/s.
Total speed would be 171 THash/s of which you own 3.5 GHash, a 48857th of the total.
This will make the time to earn 15 BTC 48857 / 5858.8 = 8.33 times longer.
The 12.2 days becomes 101,6 days.
If they deliver after the reward half it takes 2 times longer, 24.4 and 203,2 days.
If they even sell more hashing power than my wild guess.... and then some competitors come with their ASIC's....