[CLOSED] BFL 4 GH/s Chips - .06 btc per chip (batch 29)

[TheSwede75]

Can we just pay 50% right now for the order to be placed since BFL only needs 50% deposit?

Having set up a group buy in this format (but requiring chip credits) I can tell you that what you are suggesting is not an option. This is because BFL prices their chips in USD and if OP would accept 50% down he would be personally liable should BTC drop sharply before delivery date. No serious group buyer would allow this. OP needs to collect 100% and turn BTC into USD on purchase day to protect himself against this possibility.

[CanaryInTheMine]

I am interested in your group buy

Are you placing the orders as they reach 100 chips at a time?

If it is placed every 100 chips. can you provide us with an estimate on how many chips sold per 100 chips batch?

Is full payment required now?

Thanks

all orders are listed in OP.  full payment of listed price per chip is required.

[CanaryInTheMine]

hardware guys, please see my post #2 on this thread

[CanaryInTheMine]

added our first hardware designer  see post #2

[stex2009]

so what else will be required to create a running system with these chips? How much other costs are we looking at here? Say I go for the 8 chip option.

[babcoccl]

so what else will be required to create a running system with these chips? How much other costs are we looking at here? Say I go for the 8 chip option.

My initial review has me in doubt of a "inexpensive" quick solution. The board BFL released is a 10 Layer pcb which results in high production costs and lower yields. Combine that with more expensive (vs. Avalon) supporting hardware and you may be looking at similar final costs per gh/s (again compared to avalon).

Haven't fully priced out support components yet but that's my initial gut upon initial review. Anyone else have similar or different opinions?

[sf2]

 

[CanaryInTheMine]

How soon is BFL actually send out the chips?

Are there any working prototype boards out there?

they said in approximately 100 days, but there are many orders being placed with them so first in, first out.  it's a good idea to get our orders to them sooner than later.

[msdrahcir]

Reserved

System designers, I'm willing to send you chips from my personal orders so that you can test your boards.  If you are reputable, please contact me.  If you're not reputable, please don't ask me for chips.  you'll get fish instead.

Updates:
intron has contacted me and will work on BFL hardware.  He is currently also involved with bitfury's chip.  his profile: https://bitcointalk.org/index.php?action=profile;u=90707

While I'm not a reputable designer, I would be interested in contributing to the hardware design for this chip - although I have no experience, I am a EE major and interested in learning. How would I start contributing to this project? (I don't think I would accomplish much with a chip)

[bigdude]

I already have 96 chip credits myself - so how would this group buy work for me?

[CanaryInTheMine]

I already have 96 chip credits myself - so how would this group buy work for me?

this group would not be using your credits.  you can buy chips on this group according to pricing on OP

[bigdude]

I already have 96 chip credits myself - so how would this group buy work for me?

this group would not be using your credits.  you can buy chips on this group at .6 btc per chip

Ahhh ok.

That's why you were trying to buy all those credits for $2 - so then you can sell the chips for .6BTC (~$63) - so you make about $11 per chip.

So for every group buy of 100 chips, you make about $1000.

Smart move.

[CanaryInTheMine]

I already have 96 chip credits myself - so how would this group buy work for me?

this group would not be using your credits.  you can buy chips on this group at .6 btc per chip

Ahhh ok.

That's why you were trying to buy all those credits for $2 - so then you can sell the chips for .6BTC (~$63) - so you make about $11 per chip.

So for every group buy of 100 chips, you make about $1000.

Smart move.

and i'm spending money on paying for test boards when they can be had, time to get quotes, meetings, travel ($$$), giving chips to designers if I can... etc...
I bought credits at market rates. started at $10 per credit all the way down to $1.

[CanaryInTheMine]

behold: https://bitcointalk.org/index.php?topic=237710.0

[Choadmeyer]

interested

[CanaryInTheMine]

price reduced to .57 to reflect $107/btc (mtgox)

[howzbit]

Sorry newb here but these chips are useless unless you have a board design for them?

[CanaryInTheMine]

Sorry newb here but these chips are useless unless you have a board design for them?

no problem that you're a newb, but I'd like to invite you to read the post, at least #1 and #2.  there are other threads that have your answers.
Welcome to bitcointalk!

[howzbit]

Sorry newb here but these chips are useless unless you have a board design for them?

no problem that you're a newb, but I'd like to invite you to read the post, at least #1 and #2.  there are other threads that have your answers.
Welcome to bitcointalk!

Thanks Canary, will do.

[howzbit]

Read post #1 & #2...Not sure if I'm reading it right but seems like you're getting a designer to create a board for these BFL chips?

So GB is for chips but there's a potential of a working board for these chips.

And you suggest 8-16 chips because that's what the board will req.?