Should I sell my Jalapeno? Seems to be working fine, but...

[Rora]

This forum needs a like function. I would like your post. Twice.

[BBQKorv]

Selling it now if you get a good price would be nice.

5.5Ghs is not going to be that much in a short while, and there is the risk of having to wait for the initial $3k to ROI for too long.

[xgtele]

canton, let us know what you decided based on these posts 

[minternj]

Are those jalapeños powered by geothermal power?

[xgtele]

Are those jalapeños powered by geothermal power?

In Alaska - may be, but in CA or FL -- solar power is just fine

[canton]

Are those jalapeños powered by geothermal power?

Funny you should ask! In fact, right now (since I'm leaning strongly towards keeping the Jalapeno based on the kind advice offered in this forum post) my current plan is to get the Jalapeno running off of my Raspberry Pi board and solar power. My current solar setup is a 100W panel and a car battery+inverter which isn't quite enough to keep it going 24/7, but I figure if I bump my solar output to about 200W that should cover nighttimes & sets of cloudy days (which are infrequent where I live in New Mexico.)

PS: That photo is from a vacation to Giant's Causeway in Ireland, which is an extraordinary spot with all those stone pentagrams...

More pix: http://tinyurl.com/ogz9tr5

[The 4ner]

Don't mean to doubt, but seriously take a picture with it and upload it. I'd like to see proof of ownership. I'm contemplating purchasing one but am waiting for the community's attitude toward BFL to change.

Totally understandable. See attached undeniable photoshop photographic proof of me with my seven Jalapeños.


(Couldn't resist.)

Ha ha!

[Lohoris]

TL;DR: Kill golden goose, or harvest eggs?

If you sold it, what would you do with the gold earned?

i.e. if you plan to re-invest it into an asset which is yielding higher returns, do it.
otherwise, what's the point?

[Gomeler]

I'd sell it and hold the BTC*. Purchase additional hardware once someone can ship out product the next day. By then the prices will have plummeted and we'll have a better idea on long-term BTC profitability.

*- assuming you are bullish on BTC. Otherwise hold the resulting USD.

[bitman442]

Here is another thing to consider. IMO it will only be a matter of time until someone figures out how to reflash/overclock one of those. If you are adventurous enough to try it and void your (vapour)warranty then that would add a little more value to it. Personally, half the reason I ordered one is for the entertainment value. I've run out of things to screw with on my video card lol.

[Bitcoinorama]

Here is another thing to consider. IMO it will only be a matter of time until someone figures out how to reflash/overclock one of those. If you are adventurous enough to try it and void your (vapour)warranty then that would add a little more value to it. Personally, half the reason I ordered one is for the entertainment value. I've run out of things to screw with on my video card lol.

Is that not what BFL have done with their +2gh/s firmware upgrade?

[CanaryInTheMine]

My BFL Jalapeno has been hashing along nicely for 4 days now at approx 5.5GH/s according to bitminter. At the time of this post, bitminter reports that I've mined exactly 1BTC. Hooray! But now I could use some advice from you veteran miners:

1) Should I just sell my Jalapeno since they are apparently in silly-high demand this week (might be worth about $3,000 USD based on an auction just completed on bitcointalk)

or

2) Should I mine with it and hope that I can mine $3,000 USD worth before the difficulty goes through the roof?

TL;DR: Kill golden goose, or harvest eggs?

I just don't have a good sense of how fast/crazy the difficulty is changing with all these ASICs coming online. I've looked at some charts, but I'm betting folks on this forum have put a lot more thought into this question than I have:

What do you think 5.5GH/s will earn 100 days from now? 0.2BTC/day? Or more like 0.02BTC/day?

what I would do is check the math to see if you should sell for btc and buy avalon chips with proceeds... figure on july/August, then use those chips and turn them into Klondike units and keep hashing

[ewitte]

Definitely sell a good month before the K16's mail out.  The total for 4.5GH/s off those is somewhere around BTC3.  Sell it and start an order for 7-8 of those.

[k9quaint]

If you can sell your Jalapeno for $3000, then consider this:
$3000 can buy 250-300 Avalon chips. Those can hash at 300 x 280MH/s per chip = 84GH/s.
Even if it costs you half of that $3000 to have them put on Klondike boards, you still turn 5GH/s into 42GH/s in 2-3 months.

[minternj]

Are those jalapeños powered by geothermal power?

Funny you should ask! In fact, right now (since I'm leaning strongly towards keeping the Jalapeno based on the kind advice offered in this forum post) my current plan is to get the Jalapeno running off of my Raspberry Pi board and solar power. My current solar setup is a 100W panel and a car battery+inverter which isn't quite enough to keep it going 24/7, but I figure if I bump my solar output to about 200W that should cover nighttimes & sets of cloudy days (which are infrequent where I live in New Mexico.)

PS: That photo is from a vacation to Giant's Causeway in Ireland, which is an extraordinary spot with all those stone pentagrams...

More pix: http://tinyurl.com/ogz9tr5

Nice, I'm thinking about solar too, but panels and battery banks still cost way too much.

btw, i was making an awful joke about them being powered off the rocks they are on since there are no power cables coming off of them.

Oh and if it were me i'd keep it. but that's because I'm a bitcoin enthusiast more than I am a profiteer.

[bitman442]

Here is another thing to consider. IMO it will only be a matter of time until someone figures out how to reflash/overclock one of those. If you are adventurous enough to try it and void your (vapour)warranty then that would add a little more value to it. Personally, half the reason I ordered one is for the entertainment value. I've run out of things to screw with on my video card lol.

Is that not what BFL have done with their +2gh/s firmware upgrade?

Yes, if you want to pay for it. Plus is it an upgrade you can buy after the fact or do they have to do it at the factory? Either way I'm sure it won't be too long before someone figures out how to do it at home for free. I haven't looked into it much so pardon my ignorance.

[Bitcoinorama]

Here is another thing to consider. IMO it will only be a matter of time until someone figures out how to reflash/overclock one of those. If you are adventurous enough to try it and void your (vapour)warranty then that would add a little more value to it. Personally, half the reason I ordered one is for the entertainment value. I've run out of things to screw with on my video card lol.

Is that not what BFL have done with their +2gh/s firmware upgrade?

Yes, if you want to pay for it. Plus is it an upgrade you can buy after the fact or do they have to do it at the factory? Either way I'm sure it won't be too long before someone figures out how to do it at home for free. I haven't looked into it much so pardon my ignorance.

That's cool, but it cold potentially net the OP a better price.

[lowlevel]

Selling it today and buying 30 BTC with it is the most profitable longterm move...

Yeah, unless paypal or ebay user scams you... I'de just mine and forget about the US$ for a while.

[yachtsman]

If you can sell your Jalapeno for $3000, then consider this:
$3000 can buy 250-300 Avalon chips. Those can hash at 300 x 280MH/s per chip = 84GH/s.
Even if it costs you half of that $3000 to have them put on Klondike boards, you still turn 5GH/s into 42GH/s in 2-3 months.

Best advice, probably garnering the most risk. High risk yields higher profits.

[buckus69]

Just to throw my .2BTC in here...

At today's difficulty, it would take you around 10-15 days to recoup your initial investment (in $USD).  It'll take you much longer to recoup your BTC investment, but it will probably still be around 6 months to a year.

I'd keep it and mine it if it was me.  But it's not me, it's you.

If you want to sell, you'll make money immediately, but if you keep it it will probably be worth more in BTC over 2-3 years.