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Author Topic: Hello world post and a question  (Read 467 times)
matan7890
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March 24, 2013, 12:15:43 AM
 #1

First of all I want to say hello - as you can see I'm new here. So hello!

The second thing that I want to say/ask is this question:
Why wouldn't I buy one of the new BFF ASICs and "become reach" because of it? Where is the "trick"?

Thx in advance,
matan7890.
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Mike Christ
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March 24, 2013, 12:17:48 AM
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Do you mean BFL?  They have a pretty bad track record of putting off shipping their ASICs.  The ASIC technology itself, however, is designed to completely outperform any other hashing device, allowing more profits to be made.

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March 24, 2013, 02:47:11 AM
 #3

You right, I meant BFL (it is 4 am right here, I'm little tired...).

I don't understand - as much as I know, their ASICs are still at pre-oreder, what means they was never shipping them...
So how could they had bad record on this?
Correct me if I am wrong.

Also, what about the ASIC itself - is it seems to be profitable or maybe after they will reach the market the difficulty of bitcoin-mining will be so terrible that you won't be able to return the investment?
I know this is a pretty hard question, but I think that you (and some-other members of the forum of-course) can predict what will happen much better than me so I ask your idea about that.

BTW - are there another ASICs other than BFL that their specs are close to the ones of BFL?

Really thank you for the help,
matan7890.
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March 24, 2013, 02:52:15 AM
 #4

You right, I meant BFL (it is 4 am right here, I'm little tired...).

I don't understand - as much as I know, their ASICs are still at pre-oreder, what means they was never shipping them...
So how could they had bad record on this?
Correct me if I am wrong.

Also, what about the ASIC itself - is it seems to be profitable or maybe after they will reach the market the difficulty of bitcoin-mining will be so terrible that you won't be able to return the investment?
I know this is a pretty hard question, but I think that you (and some-other members of the forum of-course) can predict what will happen much better than me so I ask your idea about that.

BTW - are there another ASICs other than BFL that their specs are close to the ones of BFL?

Really thank you for the help,
matan7890.

I mean, they push the shipping date back and back and back.  There are plenty of threads on here where people are PO'd about it Tongue  I don't bother with mining myself, so I don't know too much about it.

Right, the very first people with ASICs are going to have a massive advantage.  However, if every miner used ASICs, it'd be a very level playing field and the rate of returns would even out.  If it becomes unprofitable, they'll stop mining, and might go to altcoins--litecoin is a popular alternative to mine right now.  But by the time every miner has an ASIC, there will probably be even more advanced ASICs on the market; technology always goes this way.  So once ASICs are very popular, the ASIC-2 (or whatever it'll be named) will probably come around.

I believe Avalon is currently shipping ASICs, but beside BFL and Avalon, I'm not sure if there's any others.

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