That is the final price of the product, it is so cheap because it is a custom build chip for BTC mining, just keep in mind that it can only be used for that. The next important thing is that the chips aren't build yet BFL says first shipment of these devices will be in beginning of December and there are a lot of orders in line waiting for the product.
Other manufactures are bASIC and Avalon
IMO there is no point to invest in GPU rig now, just wait and see.
Final price of the product ... it looks really awkward for me.
Butterfly Labs is a SCAM! I suggest not preordering from them and wait until they ship the product.
That's what I'll do. There's alot thing I don't understand about this company. From I've red here and see on their website is misleading or have no real informations.
But there are too many details that makes me think twice before buying one of their product.
I won't call it a scam now, but they have some PR/timeline/business problems, for sure.
#1
The gap between these ones (about price & generated hash) "looks" too high.
The Single - 832 MH/s - $599
BitForce 'Little' Single SC - 30 GH/s - $649
They sold the Mini Rig for $15,295 which did 25.2 GH/s and now they sell a machine which does 30GH/s for $649?
How did they manage to get such a raise in GH/s for that price? From Single to Single SC, it's still
36 times more for a 50$ minor difference.
It's not the same type of chip, but I can't help, I'm disturbed because I think about CPU/GPU down/over clocking, especially what it is said about energy consumption and cooling.
#2
So in a few months, they were able to:
- design, test, correct the flaws, test again, the chips?
- Do the same for the circuitry boards with these chips welded on them?
- And again when they'll mount everything together to have finished products?
On their website:
The BitForce SC chip is now in final stage development. Initial product delivery is scheduled for December.
Again, it disturbs me.
#3
The single was legit from what I've seen here, but about the next ones?
When I look for Intel/AMD or whatever manufacturers' products or future products, they have charts with some technical specifications.
I see that on BFL forum:
BitForce Jalapeno - 4.5gh/s @ 4.5w
BitForce Single SC - 60 GH/s @ 60w
BitForce MiniRig SC - 1,500 GH/s @ 1,500w
I keep thinking about what I've said in #1
The Single - 832 MH/s -80w
And I see that:
About Asics:
http://bitcoinmagazine.net/bfl-confirms-65nm-process-for-sc-lineup/http://img15.hostingpics.net/pics/9916813RUEI.jpgI haven't seen anything like this about BFL. And now that I checked Avalon and bitcoinAsic ... the same, nothing about exact technical specs.
Here's a good example of what I mean:
http://en.wikipedia.org/wiki/Comparison_of_AMD_graphics_processing_units#Radeon_R700_.28HD_4xxx.29_seriesI want the same from BFL, Avalon & bAsic. Giving specs doesn't mean that they'll have to show us any manufacturing secret process and put themselves in danger.
#4
https://bitcointalk.org/index.php?topic=110805.0I'm a totally new user, I didn't even tried to mine yet, I'm not in Bitcoin like many other experienced users on this forum.
I could preorder 3 - 4 Jalapeno or one Single SC without putting myself into any financial risks, but I'm confused about what I've red on this forum to make any move and make a bankwire payment.
Hi there.
Please be careful. Bitcoin in general is a very risky investment. It's a fairly new idea, and new ideas are always risky.
Don't buy graphics cards to mine with. You won't be able to even make a profit on that. Those days are gone, sadly.
BFL is risky. There are questions about whether it may be a scam. Even if you get your product it may take a long time to start making a profit. Alternatively it might take a few weeks and then you will be in profit. It's very hard to predict the future of Bitcoin mining. No one knows how much difficulty will go up as a result of ASICs. No one can really predict how much they will make, and how fast. Also, with BFL, no one can predict when exactly they will ship the product. No one even knows whether they are a scam or not!
There are a LOT of uncertainties. It's all a big risk for someone who is worrying about financial security.
Don't spend any money on anything Bitcoin related that you can't afford to lose. If you can afford to risk it all then it might be a good gamble, but at the moment you are on a roulette wheel. If you need the money to live, then keep it in your pocket. Wait until you have more disposable cash that you can afford to lose before you get involved in Bitcoin. Don't worry, it will still be here. The big gold rush is over anyway.
If you are desperate to get involved in Bitcoin, just buy some coins with whatever you can afford to risk. There are many people who think that buying coins now and waiting for them to rise in value is a better investment than mining equipment. That may or may not be true. The real advantage is that if you can risk as little or as much as you want. You don't have to spend a lot of money on mining equipment at once.
Be careful in general. Bitcoins are an incredible thing, and a lot of people have made some great money with them, but people have lost money too, through scams, hacks and god knows what else. Don't put all your eggs in the Bitcoin basket. It's a good basket, but it's a risky one. I don't have more money than I can afford to lose wrapped up in Bitcoin and neither should anyone else, in my opinion.
I hope this helped. Best wishes and good luck with whatever you decide to do.
Thanks you. Your whole post should REALLY be pinned and appears as a popup warning when you enter this forum.
I'm not desperate, but getting money through bitcoins would help me a lot. I really want to slap myself, because I've heard about bitcoin 2 years ago but didn't dig into it.
To use something really visual, I can say it could help me to fix several kind of private "open wounds who keep bleeding and broken bones who are still protruding". Since years.
But I've heard alot about scams, so if I want to get involved into something about money, I maintain self-control.
