Did the mining equation suddenly change with BFL's first "real" 5Gh shipment

[Viceroy]

Of course when *somebody* figures out how to build a scrypt FPGA or ASIC they'll just change the algorithm, ya?

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[dan99]

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Re: 490,000 Avalon chips already ordered - 150T hashrate spike coming in August
Today at 02:31:37 PM
   
Reply with quote  #25
Oh, this gets interesting. I didn't expect this amount of sales in such a short timewindow.

Now it would be a golden time for BFL to start shipping if they don't want cancelled orders flooding in like crazy.

[Signus]

Of course when *somebody* figures out how to build a scrypt FPGA or ASIC they'll just change the algorithm, ya?

You don't necessarily need to change the build design for a scrypt FPGA. You just have to reprogram the bitstream, and older FPGA chips may have a significant disadvantage due to RAM usage. As far as ASIC development, to develop a chip will cost millions.

[BBQKorv]

What "real" shipment?

Real shipment happens when there is hundreds of units shipped to the paying customers in roughly the same order than the orders were placed.

[loshia]

What "real" shipment?

Real shipment happens when there is hundreds of units shipped to the paying customers in roughly the same order than the orders were placed.

+1
The equation is just the same at it will be for at least next two months BFL will not play any part in it officially.

However i would not be surprised if they start mine with first assembled units after a month or so eventually keeping this silent with loud bumping updates

[glendall]

Well begrudgingly must say 'good stuff' to BFL for finally [at least start] producing and shipping units.  Still haven't seen much evidence that they'll be able to build any products in bulk yet, but at least now it does look like it will happen.

Once these get out the doors, and just a few months more, maybe just 2, and it's gonna be a radically different ball game for miners now.

I think the real profit making potential is going to shift more towards the hardware makers now, with ASICS.  Not before long it's going to cost a lot of money just to make a meager amount of BTC in mining. Looks like you'll have to pay a couple of grand just to have enough hashes to make a maybe-ROI of what, 3 months or so? before your product is already out of date then, with little resale value. Edit: maybe I'm being a pessimist...

[Hiroaki]

BFL just completely f***ed it up... it only worked because the bitcoin company was so "horny on their products".(Great PR btw.)

In the end it looks to me as a classical long con. First they delivered their FPGAs, this gave people more trust, as they delivered it (of course with some delays).
Now we are nearly waiting over ONE year, for a product, that hasnt met their specifications on power consumptions and and and...


Probably we'll receive it in a few months when there are more than 1,000,000 AVALON chips out.
At least AVALON pushes in the right direction, "decentralization" 

[Viceroy]

this!