BFL ASIC STATUS 5/29

[k9quaint]

since this is the prototype of a 50gigahash I'd say just give it at least another 2-12 months.

I think that if they had the money (and chips in quantity, that should not be far from the truth), the should theoretically be able to ship every order in a short tf, like, 1 month.
They should simply outsource everything, from the pcb to the case/packaging...

However, i think that since that they lack liquidity, they will do it in house and as slow as possible.

Why don't they start selling batches of their chips as well? That could have a fixed delivery time...

Liquidity problems?! That one rig has scored them over $8k the past 30 days, it says so on the screen. That's their rent paid for at the very least!

$8k is a drop in the bucket when you start figuring 30+ employees, wafers, PCB, PSU, marketing etc. I bet BFL is burning over $500k a month easily.

That is about what I presumed. 7 months x $500K and they still have to come up with $3M-6M in parts to be able to manufacture their backlog of orders.
Once they start shipping in bulk, we will have a better feel for how much money they have left.

[Bogart]

since this is the prototype of a 50gigahash I'd say just give it at least another 2-12 months.

I think that if they had the money (and chips in quantity, that should not be far from the truth), the should theoretically be able to ship every order in a short tf, like, 1 month.
They should simply outsource everything, from the pcb to the case/packaging...

However, i think that since that they lack liquidity, they will do it in house and as slow as possible.

Why don't they start selling batches of their chips as well? That could have a fixed delivery time...

Liquidity problems?! That one rig has scored them over $8k the past 30 days, it says so on the screen. That's their rent paid for at the very least!

But they promised not to mine on mainnet.

[smoothie]

Projected earnings without any difficulty increase.

Don't think so. I think the GUI displays cumulative earnings. Besides, it's not as if they have much current competition or the hash rate has started it's real climb, they hold most of the projected hashrate in pre-orders!

Why would it display cumulative earnings?

Every bitcoin calculator displays projections not actual earnings.

If it was true then they were mining for what a month?

The fact that they used day, week, month IMPLIES projected earnings.

[smoothie]

"I promise not to mine on the main bitcoin chain... "

Evidence: Look at every promise BFL has ever made....therein lies your answer.

[silverston]

crazy temps I see this board die very soon

[Tigggger]

So last week's status update was all lies then?   

Every update is the same and follows this format.

Good news we have done xxxx and xxxx. Now we are just waiting for xxx which should be here in xxx days but COULD be here sooner, and then everything will be excellent.

[Bitcoinorama]

So last week's status update was all lies then?   

Every update is the same and follows this format.

Good news we have done xxxx and xxxx. Now we are just waiting for xxx which should be here in xxx days but COULD be here sooner, and then everything will be excellent.

Followed by; we aim to be shipping xxx units in 2 weeks.

[erk]

crazy temps I see this board die very soon

Since when is 76C crazy?

I run my GPU's at that all the time mining for years.

[Frizz23]

76C with the case completely open seems rather high.

Heat is also one of my biggest concerns! Josh once said the units run cool and quit in a "cool environment" (whatever that means).

It's getting summer here where I live, with temps ~30°C. I assume the units will go over 80°C under those conditions.

Ongoing high temps kill ICs pretty quickly.

[PeZ]

crazy temps I see this board die very soon

Since when is 76C crazy?

I run my GPU's at that all the time mining for years.

I'm sure AMD/Nvidia use a higher quality process.

[erk]

crazy temps I see this board die very soon

Since when is 76C crazy?

I run my GPU's at that all the time mining for years.

I'm sure AMD/Nvidia use a higher quality process.

Proof?

[k9quaint]

crazy temps I see this board die very soon

Since when is 76C crazy?

I run my GPU's at that all the time mining for years.

I'm sure AMD/Nvidia use a higher quality process.

Without knowing where and how the temperature measurements were taken on the BFL chip, it is impossible to know if the temp is too high.
AMD has several on die measuring spots, they then do interpolation to determine an "average" overall die temperature. They also profile the chip performance to know what temperatures begin to damage the chip.

BFL might have a diode to measure on die, they might be measuring from the chip mount on the PCB, etc. It also depends on how far from the point of measurement the hottest spots are.

[Frizz23]

crazy temps I see this board die very soon

Since when is 76C crazy?

I run my GPU's at that all the time mining for years.

I'm sure AMD/Nvidia use a higher quality process.

Proof?

Seriously? BFL does not even know what QA stands for! Their track record of failures speaks for itself.

You really wanna compare AMD and Nvidia with them BFL cowboys?

[Phinnaeus Gage]

Why is there never time/effort to upload a quality pic of their progress? All they can manage is a washed out screen, off center shot with a Kill-a-watt meter in the background that may or may not be plugged into their ASIC unit?
Anytime I see a crappy picture that is supposed to relate how awesome/perfect/sell-able and item is, I get the heeby-jeebies. I've got no stake in the whole BFL game, but it is readily apparent to me how bad they are.

It's not like they have a bunch of seasoned photographers on staff. Oh, wait a minute... They do!

[glendall]

I find this situation fascinating from a psychological perspective.

If someone repeatedly lies to you, why would you suddenly think that lie #19, lie #23, or lie #58 might actually be true? What makes you think that this time they are telling the truth, as opposed to the previous 30 or 40 or 50 lies?

This company has proven that they can not be considered honest and trustworthy. At least to anyone who has done more than 30 minutes of research on the forums here.

Fascinating situation...

[Phinnaeus Gage]

crazy temps I see this board die very soon

Since when is 76C crazy?

I run my GPU's at that all the time mining for years.

I'm sure AMD/Nvidia use a higher quality process.

Proof?

Seriously? BFL does not even know what QA stands for! Their track record of failures speaks for itself.

You really wanna compare AMD and Nvidia with them BFL cowboys?

They don't have to know what it means. Just offer periodic examples: QA = Quantitative Abyss.

[cedivad]

I find this situation fascinating from a psychological perspective.

If someone repeatedly lies to you, why would you suddenly think that lie #19, lie #23, or lie #58 might actually be true? What makes you think that this time they are telling the truth, as opposed to the previous 30 or 40 or 50 lies?

This company has proven that they can not be considered honest and trustworthy. At least to anyone who has done more than 30 minutes of research on the forums here.

Fascinating situation...

In fact, we are all part of a social experiment. They will make a paper on us.

[ujka]

If one miner is earning BFL $8k/month, why would they sell it, for $2500?

[cedivad]

If one miner is earning BFL $8k/month, why would they sell it, for $2500?

This is the epic question that everyone askes since last year. Yet, noone has a reply. We also have some proof as of now that hey, these money making machines actually never ships (if you don't take into account the AM blades, that are heavly overpriced).

[k9quaint]

I find this situation fascinating from a psychological perspective.

If someone repeatedly lies to you, why would you suddenly think that lie #19, lie #23, or lie #58 might actually be true? What makes you think that this time they are telling the truth, as opposed to the previous 30 or 40 or 50 lies?

This company has proven that they can not be considered honest and trustworthy. At least to anyone who has done more than 30 minutes of research on the forums here.

Fascinating situation...

Broken analog watches tell the correct time twice a day.