tgmarks
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Activity: 490
Merit: 500
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June 16, 2012, 06:55:27 AM |
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Even if they think they can produce those numbers, they are just putting together mini rigs now. I'm betting that are no where close to having actual numbers.
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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P_Shep
Legendary
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Activity: 1795
Merit: 1198
This is not OK.
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June 16, 2012, 06:57:38 AM |
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Holy.
Crap.
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Keninishna
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June 16, 2012, 06:58:02 AM |
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Whos taking bets on when we will see the first asic from bfl in the wild?? I got 10 btc 6 months from now lol.
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||bit
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June 16, 2012, 07:00:45 AM |
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1) BitForce SC Jalapeno: a USB powered coffee warmer providing 3.5 GH/s, priced at under $149
1. A USB port can deliver 2.5 Watts. 2. This means they are claiming 1,400 MH/J. 3. The current record is under 25 MH/J, so they are claiming a 5600% improvement in power efficiency. Does anybody here believe this? I call bullshit. Assuming the record holder is an FPGA. How much more efficient can ASIC's be than FPGA's? ||bit |
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btharper
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June 16, 2012, 07:00:49 AM |
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Looking at the numbers again, they make sense if you knock them down an order of magnitude.
This would mean 4 Jalapeno's would cost ~$600, and produce 1.4GH/s, and assuming it used two usb ports for power (as do some USB hard disks and other high power USB equipment) turn 1,400MH/J into 70MH/J, which seems believable to me for the generation jump, it also represents about a 50% jump in H/s/$ in addition to a huge jump in efficiency.
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roomservice
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June 16, 2012, 07:03:39 AM |
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This products will be so real as the first announcement of BFL Single running @ 1 Gh/s with 20 W power consumption.
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"Tonight's the night. And it's going to happen again, and again. It has to happen. Nice night."
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Deafboy
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June 16, 2012, 07:03:48 AM |
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According to their previous promises on delivery time, If I start to save som money this month, I will have enough to buy some rig when they start to sell them  Awsome news even if efficiency of the new device was only 1/2. +9000 for plans to offer cheap SC Jalapeno so the small miners can still continue to diversify the network. |
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Bitcoin Oz
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June 16, 2012, 07:09:20 AM |
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According to their previous promises on delivery time, If I start to save som money this month, I will have enough to buy some rig when they start to sell them Awsome news even if efficiency of the new device was only 1/2. +9000 for plans to offer cheap SC Jalapeno so the small miners can still continue to diversify the network. The difficulty will be astronomical once these come out....depending if they can be mass produced of course. |
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dropt
Legendary
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Activity: 1512
Merit: 1000
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June 16, 2012, 07:10:04 AM |
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 The point is that if you can produce a rack mount that gives 1TH (for under 30,000 no less), you sell the 40GH for 30,000. Then after you've soaked that up, you change whatever you have to and sell the exact same hardware at 150GH for $30,000 8 months later. Rinse and repeat until you've worked up to the TH. |
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DILLIGAF
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June 16, 2012, 07:11:08 AM |
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3) BitForce SC Mini Rig: a case & rack mount server providing 1 TH/s, priced at $29,899
This strikes me as very odd. You could make a much higher profit margin. Why on earth would you price these this low? You seem to have delivered, if a bit tardily, so far, but this just leaves me stunned. Pricing this low cannot make any sense for your bottom line. Well doing some quick math on it option 3 x 1000 units gives you roughly $30M sales now do believe I have seen the figure of $1M for the mask then the chips are dirt cheap so say another $1000 for the box hell even $5000 for the box that would be $5M so $30M-$6M=$24M profit, not bad for a few months work. The real fun begins when the clowns that gobble them up and their bad math that is so popular around here realize them fancy 1TH/s boxes they have all bought just raised the diff 1000x more giving them a whopping return of 1BTC per day from a $30k investment... |
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Garr255
Legendary
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Activity: 938
Merit: 1000
What's a GPU?
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June 16, 2012, 07:11:39 AM |
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Gh/s is the new kh/s, but probably not for another... 12-15 units of BFL time.
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“First they ignore you, then they laugh at you, then they fight you, then you win.” -- Mahatma Gandhi
Average time between signing on to bitcointalk: Two weeks. Please don't expect responses any faster than that!
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DILLIGAF
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June 16, 2012, 07:13:09 AM |
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Gh/s is the new kh/s, but probably not for another... 12-15 units of BFL time.
Your off by an order of magnitude Th/s is the new kh/s. |
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petermeuris
Newbie
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Activity: 14
Merit: 0
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June 16, 2012, 07:14:08 AM |
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Can we transfer the Coffee Heater into a bank Interesting innovation. |
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Fuzzy
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June 16, 2012, 07:17:42 AM |
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Imagine if the FED took over BFL just as they were about to start shipping, then piped a few million into building their own farm and orphaning the hell out of the block chain.
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eldentyrell
Donator
Legendary
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Activity: 980
Merit: 1004
felonious vagrancy, personified
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June 16, 2012, 07:18:22 AM |
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1) BitForce SC Jalapeno: a USB powered coffee warmer providing 3.5 GH/s, priced at under $149
1. A USB port can deliver 2.5 Watts. Perhaps it also plugs into the wall ? Wouldn't that make it "wall-powered"? |
The printing press heralded the end of the Dark Ages and made the Enlightenment possible, but it took another three centuries before any country managed to put freedom of the press beyond the reach of legislators. So it may take a while before cryptocurrencies are free of the AML-NSA-KYC surveillance plague.
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eldentyrell
Donator
Legendary
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Activity: 980
Merit: 1004
felonious vagrancy, personified
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June 16, 2012, 07:20:08 AM |
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How much more efficient can ASIC's be than FPGA's?
Nowhere close to 5600%. |
The printing press heralded the end of the Dark Ages and made the Enlightenment possible, but it took another three centuries before any country managed to put freedom of the press beyond the reach of legislators. So it may take a while before cryptocurrencies are free of the AML-NSA-KYC surveillance plague.
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pekv2
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June 16, 2012, 07:25:12 AM |
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3) BitForce SC Mini Rig: a case & rack mount server providing 1 TH/s, priced at $29,899
This strikes me as very odd. You could make a much higher profit margin. Why on earth would you price these this low? You seem to have delivered, if a bit tardily, so far, but this just leaves me stunned. Pricing this low cannot make any sense for your bottom line. Well doing some quick math on it option 3 x 1000 units gives you roughly $30M sales now do believe I have seen the figure of $1M for the mask then the chips are dirt cheap so say another $1000 for the box hell even $5000 for the box that would be $5M so $30M-$6M=$24M profit, not bad for a few months work. The real fun begins when the clowns that gobble them up and their bad math that is so popular around here realize them fancy 1TH/s boxes they have all bought just raised the diff 1000x more giving them a whopping return of 1BTC per day from a $30k investment... I feel like I am about to be pushed out of bitcoin with my 750mh/s... I must upgrade or... Thinking the same thang. Seems like they would be awesome but by using these BFL's, how much longer till the last bicoin will be generated? |
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Mousepotato
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June 16, 2012, 07:27:31 AM |
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Thinking the same thang. Seems like they would be awesome but by using these BFL's, how much longer till the last bicoin will be generated? Doesn't matter if the network hash rate gradually diminishes to 10 kh/s or if it suddenly spikes to over 9000 TH/s. The last coin mined will fall on relatively the same date. |
Mousepotato
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Garr255
Legendary
Offline
Activity: 938
Merit: 1000
What's a GPU?
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June 16, 2012, 07:28:14 AM |
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3) BitForce SC Mini Rig: a case & rack mount server providing 1 TH/s, priced at $29,899
This strikes me as very odd. You could make a much higher profit margin. Why on earth would you price these this low? You seem to have delivered, if a bit tardily, so far, but this just leaves me stunned. Pricing this low cannot make any sense for your bottom line. Well doing some quick math on it option 3 x 1000 units gives you roughly $30M sales now do believe I have seen the figure of $1M for the mask then the chips are dirt cheap so say another $1000 for the box hell even $5000 for the box that would be $5M so $30M-$6M=$24M profit, not bad for a few months work. The real fun begins when the clowns that gobble them up and their bad math that is so popular around here realize them fancy 1TH/s boxes they have all bought just raised the diff 1000x more giving them a whopping return of 1BTC per day from a $30k investment... I feel like I am about to be pushed out of bitcoin with my 750mh/s... I must upgrade or... Thinking the same thang. Seems like they would be awesome but by using these BFL's, how much longer till the last bicoin will be generated? The difficulty will increase, so it will still follow the same path after the difficulty corrects itself. |
“First they ignore you, then they laugh at you, then they fight you, then you win.” -- Mahatma Gandhi
Average time between signing on to bitcointalk: Two weeks. Please don't expect responses any faster than that!
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BinaryMage
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June 16, 2012, 07:29:38 AM |
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They pretty much guaranteed market dominance. Maybe they want these devices sent out to as many people as possible to protect the network sooner from the possibility of interference. With all the venture capital they have received they will want to protect their investment and that means protecting bitcoin.
They would still achieve market dominance if they priced all of those products at 10 times what they announced, and they would make much more money. Regardless of whatever altruistic motives BFL may have, it is and will remain a business. Protecting the network is a valid goal, but pricing them this low is actually extremely dangerous for the network in the short run. If these predictions and prices are correct, someone could 51% the network with less than half a million USD invested into BFL ASICs. Sure, once they produced and sent out many, difficulty would jump, but initially, someone could purchase a large portion of the first batch and pose a serious threat to the network and consequentially BFL's business. Again, I simply cannot see why this move makes sense for them... |
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