NEW info. Everyone is lying about ther ASIC project

[IMakeComps]

I really hope they deliver as promised. I pre-ordered 5 Single SC's from them.

[AndrewBUD]

I ordered nothing, I'll order a bASIC if the time comes

[king_pin]

• Very limited information (actually there is no information on the ASICs).

see above

<SARCASM>yes because you can obviously reverse engineer an ASIC from a photo of its box.</SARCASM>

But I am that GOOD - why the Sarcasm

Дo кoйтo paзбиpa тoвa, c двe дyми БФЛ ce ocpaxa, oт дocтa ичзтoчници чyвaм, чe вce щe нищe нe ca paзpaбoтили, a ca cтapтиpaли пpoeктa eдвa cлeд oкoлo мceц oт oбявaтa, кoгaтo ca cъбpaли дocтaтъчнo пapи. Cpeднo зa тaкъв пpoeкт oтнeмa нaй-мaлкo 6-8 мeceцa, кoeтo ce дoближaвa дo мoятa пpoгнoзa зa кpaя нa Янyapи.
Mнoгo пoздpaви нa тъпaцитe oт HWBG, кoитo мe бaннaxa и нa мaлкoтo пeдaлчe bombera!

[Pochi]

I dont know, I ordered a Jalepeno a week or 2 ago just to test its profit potential if any since its hard to predict the difficulty of mining when they come out. My electricity is expensive so i hope they made it efficient with power. $0.22 / kWh here.

[benco]

My only question about BFLabs is:

Why would they sell a ACSI equipment for $30,000 that can mine 1,000G/Hash (roughly 4,500 dollars in BTC per day) and you can recover the investment in about 8 days, when they can easily build it for themselves and mine the shit out of it and become millionaires by running 10-20 of those themselves?

Because they can make more on devices than on BTCs. And they are right

[solareclipse64236]

BFL is just supporting the industry, I'm sure that they have a working business scale already in place.

[SLok]

They can make like 500 units per day, these will run a 24-hour burn-in test, so they will be constantly mining with 500 pcs of jalapenos/40Ghs/1TH machines. At 400X3.5G+80X40G+20X1TH.....
1400k+3200k+20000k=24600k Mh/s=$106,863.96 a day??

Check my calculation please, someone?

[dooferorg]

They can make like 500 units per day, these will run a 24-hour burn-in test, so they will be constantly mining with 500 pcs of jalapenos/40Ghs/1TH machines. At 400X3.5G+80X40G+20X1TH.....
1400k+3200k+20000k=24600k Mh/s=$106,863.96 a day??

Check my calculation please, someone?

Factor in block reward drop, difficulty increase and other ASICs (that they or others ship) and I think it looks differently

[live627]

A) Have one successful build.
B) Have one that is able to work with the bitcoin network
C) They require water cooling so they do not catch fire.
D) Have one that does not catch fire after running for 12h.

Proof?

[Aahzman]

What if they made their original product at a (slight) loss to build a good reputation for themselves so people believe them enough to please a large preorder for the suppossed ASIC?

Whoa. What if they were the ones who started bitcoin in the first place, to create a community and economy, with the sole intent of FUCKING US ALL 4 YEARS LATER!?!?  *MIND BLOWN* Talk about a long con game.

/sarcasm off

[Aahzman]

Yes, I'm sorry if I confused anyone, but we are only shipping the FPGA products at the moment.  The comment above was with regards to the FPGA Singles - our helper monkeys (They are on subcontracted out from EMC) are busily creating more singles as we speak for shipping either later this week or early next week. 

We also have more than 300 boards on their way after that to satisfy current and future orders prior to the ASICs.  It will sure be nice when we have the pick and place ready to go and we don't have rely on a third party to place the components on our boards.

Whoa! I may have to cancel my pre-order. Nobody said anything about EMC being involved. I work for HP, I can't be seen buying anything that's had EMC hands in it.... SO TORN NOW

[SgtSpike]

They can make like 500 units per day, these will run a 24-hour burn-in test, so they will be constantly mining with 500 pcs of jalapenos/40Ghs/1TH machines. At 400X3.5G+80X40G+20X1TH.....
1400k+3200k+20000k=24600k Mh/s=$106,863.96 a day??

Check my calculation please, someone?

I'd drop that figure to about 1/5.  No way they're building 20 minirigs a day.

But even assuming they are, compare the price of those (assumed) hardware pieces compared to the mining revenue.

400 x $150 + 80 x $1300 + 20 x $30000 = $764,000 selling price.

So, even if they make $107k/day mining, it still wouldn't make up a substantial portion of their revenues.  And that $107k wouldn't last long either - as more of the units are released into the wild, that revenue would drop to maybe $10k/day, if that.

I'm not particularly happy that BFL is choosing to mine on the main net, but I'm not going to cancel my order over it either.

[SLok]

They can make like 500 units per day, these will run a 24-hour burn-in test, so they will be constantly mining with 500 pcs of jalapenos/40Ghs/1TH machines. At 400X3.5G+80X40G+20X1TH.....
1400k+3200k+20000k=24600k Mh/s=$106,863.96 a day??

Check my calculation please, someone?

I'd drop that figure to about 1/5.  No way they're building 20 minirigs a day.

But even assuming they are, compare the price of those (assumed) hardware pieces compared to the mining revenue.

400 x $150 + 80 x $1300 + 20 x $30000 = $764,000 selling price.

So, even if they make $107k/day mining, it still wouldn't make up a substantial portion of their revenues.  And that $107k wouldn't last long either - as more of the units are released into the wild, that revenue would drop to maybe $10k/day, if that.

I'm not particularly happy that BFL is choosing to mine on the main net, but I'm not going to cancel my order over it either.

Neither am I. But it will take maybe a month at full production to catch up all pre-orders (as they said they want to send out an as big as possible first batch), plus the ones coming in once people see they really deliver. In the video shot at the conference bfl guy said they wanted to build a 6000pcs stock, and produce to the point where they can take next-day-delivery orders. I also wish they just use a testnet.

[king_pin]

...so they will be constantly mining with 500 pcs of jalapenos/40Ghs/1TH machines.

I think that they are building 0 ASIC mining rigs a day..... 

[greyhawk]

Yes, I'm sorry if I confused anyone, but we are only shipping the FPGA products at the moment.  The comment above was with regards to the FPGA Singles - our helper monkeys (They are on subcontracted out from EMC) are busily creating more singles as we speak for shipping either later this week or early next week. 

We also have more than 300 boards on their way after that to satisfy current and future orders prior to the ASICs.  It will sure be nice when we have the pick and place ready to go and we don't have rely on a third party to place the components on our boards.

Whoa! I may have to cancel my pre-order. Nobody said anything about EMC being involved. I work for HP, I can't be seen buying anything that's had EMC hands in it.... SO TORN NOW

In my server room I have HP Proliants and EMC NAS cohabitating. Tell you what? They're both great 

[SLok]

...so they will be constantly mining with 500 pcs of jalapenos/40Ghs/1TH machines.

I think that they are building 0 ASIC mining rigs a day..... 

Soon king_pin, soon. Production starts next week.  

[Aahzman]

Yes, I'm sorry if I confused anyone, but we are only shipping the FPGA products at the moment.  The comment above was with regards to the FPGA Singles - our helper monkeys (They are on subcontracted out from EMC) are busily creating more singles as we speak for shipping either later this week or early next week. 

We also have more than 300 boards on their way after that to satisfy current and future orders prior to the ASICs.  It will sure be nice when we have the pick and place ready to go and we don't have rely on a third party to place the components on our boards.

Whoa! I may have to cancel my pre-order. Nobody said anything about EMC being involved. I work for HP, I can't be seen buying anything that's had EMC hands in it.... SO TORN NOW

In my server room I have HP Proliants and EMC NAS cohabitating. Tell you what? They're both great 

Yah, I was being semi-kidding about the EMC angle. Although as an HP employee I am officially required to hate them. ;-)

[poon-TANG]

So if BFL is mining on the "24 hr burn-in" ASIC units....who's to say that AMD isn't doing the same

[greyhawk]

what?

[RoboCoder]

They can make like 500 units per day, these will run a 24-hour burn-in test, so they will be constantly mining with 500 pcs of jalapenos/40Ghs/1TH machines. At 400X3.5G+80X40G+20X1TH.....
1400k+3200k+20000k=24600k Mh/s=$106,863.96 a day??

Check my calculation please, someone?

Well if they truly interested in not upsetting the balance of hash power as they state, they would do their burn in test without actually submitting any shares - i know cgminer/bfgminer have a "benchmark" mode so that do not involve actual mining..

Anyway odds are if the did do a huge burn in initially - we would probably know because a burnin on 300 units would show pretty significantly (see the charts on blockchain.com)..