[Archive] BFL trolling museum

[BCMan]

 WTF? Where's mh/j efficiency? I'm going to order 3 of them, if theyre better tha FPGAs in mh/j, with warranty that Bitcoin code will not be changed in future.

[BinaryMage]

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.

To elaborate: a change in network hashing power will not cause a change in the rate of Bitcoin generation. A (roughly) set number of Bitcoins is added to the system per unit time, regardless of network speed. If speed increases, difficulty will increase proportionally.

[punningclan]

Don't worry about delivery time the Millenium Butterfly does the ASIC endrun at 0.5 past the THash. 

[ailikun]

well.. its only an announcment of how likely its going to cost and how much gh's its gonna give...
maybe in the end its going to be something completely different...

because 3.5gh for hundred bucks is a stupid thing to do...

or maybe what they want to do, is that everybody who mined on gpus.. and didnt want to do anything with bfl's... will have to go their way... or just quit this btc business...

[P4man]

This strikes me as very odd. You could make a much higher profit margin. Why on earth would you price these this low?

Its not that odd; in fact it makes perfect sense for two reasons:
1) If they intend to accept preorders long before shipping the hardware, these prices will pretty much guarantee a huge backlog before the first asic miner even starts pushing up difficulty in to the stratosphere and people start realizing that $30K per TH may not be such a good move after all. The price is just low enough for people to realize that gpu and fpga mining is dead and enticing those gpu/fpga miners to place an order. Remember, per GH silicon cost is very close to zero.

2) it scares potential competitors. My guess is BFL has at most taped out, but not made the maskset yet. Thats why they got VC money and Im assuming thats recent. So you are looking at ~3-6 months before they have silicon, and probably another 3-6 months before they are ready to ship your first coffee warmer. This is a good time to deter potential competitors.

[pekv2]

well.. its only an announcment of how likely its going to cost and how much gh's its gonna give...
maybe in the end its going to be something completely different...

because 3.5gh for hundred bucks is a stupid thing to do...

or maybe what they want to do, is that everybody who mined on gpus.. and didnt want to do anything with bfl's... will have to go their way... or just quit this btc business...

Crazy. you will see a huge decrease in AMD's profit margin if these things hit.

I'll be looking forward into purchasing a jalapeno bfl.

Sub'd & bookmarked.

Fantastic answers to my last question.

[Sp0tter]

   is all I can say.

[rudrigorc2]

 

Sounds better than the most optimistics predictions I read here on the forum.

Of course these are not ~final numbers~ and they have plenty of time to adapt according to what we are all saying here.

[MXRider]

I just can not believe this. GPUs are useless, FPGAs are useless before they give me positive ROI.

All the money invested in mining HW will go to BFL. This is a dangerous situation.

[Fuzzy]

We need to start taking bets on what the delivery specs will actually be  

[SgtSpike]

I just can not believe this. GPUs are useless, FPGAs are useless before they give me positive ROI.

All the money invested in mining HW will go to BFL. This is a dangerous situation.

Why is it dangerous?

[P4man]

I just can not believe this. GPUs are useless, FPGAs are useless before they give me positive ROI.

Actually, if you already own the FPGA, Im giving you fair odds of breaking even. Odds on breaking even on those ASICs however, are close to zero IMO.

[eldentyrell]

I'm torn between the fact that it's on a legitimate news site

Here's another interesting release on the same legitimate news sites:

  http://news.yahoo.com/leading-sha256-hardware-manufacturer-acquires-venture-capital-funding-081026668.html

  http://www.prweb.com/releases/2012/6/prweb9611938.htm

[Bitcoin Oz]

The smartest move would be to buy shares in BFL  

[Garr255]

I'm torn between the fact that it's on a legitimate news site

Here's another interesting release on the same legitimate news site:

  http://www.prweb.com/releases/2012/6/prweb9611938.htm

Butterfly swatter, I love it!

[mrb]

That aside, speculating that this is real:  With the reward drop, it only makes sense that the average miner's hash rate will have to more than double to see the same rewards

Nope. If miners, on average, double their hashrate, the difficulty will double, so they would still see half the rewards.

[Bitcoin Oz]

I'm torn between the fact that it's on a legitimate news site

Here's another interesting release on the same legitimate news site:

  http://www.prweb.com/releases/2012/6/prweb9611938.htm

Butterfly Swatter XL: a solar powered miner providing 98,000 TH/s priced at $5.99

I think thats a misquote

[P4man]

The smartest move would be to buy shares in BFL  

Probably a lot smarter than buying their products. Still, remains to be seen if they are actually the first to hit the market. If they are not, they may have trouble recovering their investment.

[Garr255]

http://www.prweb.com/releases/2012/6/prweb9611938.htm

I was hoping for a better TH/$ Ratio...

[yohan]

As I am something of veteran of press releases I will make a few observations that are odd for press releases.

The first is there is no expected date for products. It's usual to give customers some expectational of when it might be available.

The next observation is it doesn't even give the full name of who released it and even quoted in it. Again something that is normal to do.

Thirdly when VCs are involved it is usual to release who they are and how much they put in.

Now you might also say that I am being self centred on our business interests or even paranoid but the pricing they claim is probably unsustainable even in full ASIC. I could also be wrong about the market size and it might be sustainable. Now you might read think they are doing this to destroy competition and they probably will if their claimed prices and performance are achieved in a reasonable timescale. After the competition is destroyed well prices might then go up an awful lot. That's on the few reasons I can see that they would price this way. Even if they could make them cheap why sell them cheap. They could sell at the same price as us and still win big time and achieve the same.

A more paranoid reason might be a backdoor way to destroy the Bitcoin. I am sure that there are many governmental organisations that might what to achieve this. So being a VC with a relatively cheap investment of maybe a few million dollars would achieve this. It would reveal incomes of tax value much higher than investment andthere are plenty of other reasons as well for them to do that. Of course if it went wrong it's just a private company that did this.

Yohan