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Author Topic: [ANN] Bitfury ASIC sales in EU and Europe  (Read 249611 times)
Dexter770221
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October 18, 2013, 09:25:58 AM
 #1521

Past November/15 you might as well use them as a paper weight.
Don't worry. If not sold directly they will land on ghash.io and sold there for twice a price....

Under development Modular UPGRADEABLE Miner (MUM). Looking for investors.
Changing one PCB with screwdriver and you have brand new miner in hand... Plug&Play, scalable from one module to thousands.
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hanti
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October 18, 2013, 10:35:31 AM
 #1522

ye.. if ppl still buying then why not keep the price ?

klondike_bar
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October 18, 2013, 12:11:48 PM
 #1523

Punin - do you guys plan on selling any more chips?

With bitcoin difficulty shooting through the roof this current pricing is a fantasy and not worth even looking at.

Even if chips get delivered tomorrow and get through assembly in just two weeks (good luck with that) and start hashing on Nov/1 they'll barely make $15 in their entire life ... and that's excluding all possible expenses and having free electricity.

I'm speaking from a system integrator's point and all I can say is that the next two weeks would be the last time ever when those chips could be worth any hassle.
To put those chips to work takes on average another $5-10 per chip in components and other materials alone. And it takes precious time - around 3 weeks at best. You probably don't need me to tell you that - you know better than me the pain of manufacturing stuff. You guys are still shipping stuff that was ordered months ago.

My suggestion to everyone in the bitfury team - unless you want to use them as tiling for your bathroom please throw all remaining quantities for sale as soon as possible.

At $1-$3/chip this would be their last gasp.

Past November/15 you might as well use them as a paper weight.

Let's give the BitFury Gen-1 chips a decent final and not make it another Avalon.

is it hard to understand that the current pricing is how it is because it is for the october batch, and was set over 2months ago? once the pre-orders are filled, they promised to ship from in-hand stock and this would enable them to adjust prices weekly if required. bitfury is one of the better designs available right now for power use and simplicity, and it would not be difficult to keep bringing the price down every few weeks until around $50 per h-board which is probably what it costs to manufacture.

bitfury devices will outrun avalon (gen 1 & 2), BFL, asicminer, and knc in terms of power use (~1w/GH at 2GH per chip)

24" PCI-E cables with 16AWG wires and stripped ends - great for server PSU mods, best prices https://bitcointalk.org/index.php?topic=563461
No longer a wannabe - now an ASIC owner!
kha0S
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October 18, 2013, 04:19:23 PM
 #1524

Hi Punin.

My order is marked as "Complete" since last Monday (standard shipping). I assume it was posted that day. But I haven't received nothing yet. Isn't there a tracking code for standard shipping orders?

Cheers.
../kha0S



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jlsminingcorp
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October 18, 2013, 04:27:45 PM
 #1525

Hi Punin.

My order is marked as "Complete" since last Monday (standard shipping). I assume it was posted that day. But I haven't received nothing yet. Isn't there a tracking code for standard shipping orders?

Cheers.
../kha0S

UPS standard seems to be very slow indeed Sad (a week for our kit from Finland to the UK). You should have received a tracking number from BFSB by email - might want to check your spam filter.

Bitcoin can only be understood backwards, but it must be lived forwards.
BitFury ASIC miner hosted group buy [DONE MINING]
kha0S
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October 18, 2013, 04:31:12 PM
 #1526

I did checked SPAM folder, but nothing there.
Only got the "complete" orders emails.

 Huh

Hi Punin.

My order is marked as "Complete" since last Monday (standard shipping). I assume it was posted that day. But I haven't received nothing yet. Isn't there a tracking code for standard shipping orders?

Cheers.
../kha0S

UPS standard seems to be very slow indeed Sad (a week for our kit from Finland to the UK). You should have received a tracking number from BFSB by email - might want to check your spam filter.

GIVE-ME-COINS.com - The Professional Multicoin Pool -BTC LTC PPC FTC VTC

KHORE Pool - The biggest & fastest NVC pool

vs3
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October 18, 2013, 05:39:49 PM
 #1527

Past November/15 you might as well use them as a paper weight.
Don't worry. If not sold directly they will land on ghash.io and sold there for twice a price....

Dexter - I'm not worried. I don't have chips for sale - Punin does.
And they are worth less and less with every passing second when they collect dust in their offices and don't hash. And in just a few weeks they'll be completely worthless.
The last opportunity to make some money of out of them is now.

gingernuts
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October 19, 2013, 09:27:53 AM
 #1528

IMHO some people on here really do seem to be smoking some infinite difficulty crack! Money (hashrate) will not keep flowing into the system if nobody is making any money from mining!

The chips are currently 19Euro (+VAT) or ~0.15 BTC, and will pay for themselves in ~40 days. This chip is more efficient than some of the 28nm ones, so you can keep mining with it long after the others cost more to run in electricity than they deliver in BTC.

Once they've cleared the October backlog (and I did get my early oct chips in early oct as promised) I hope we'll be able to just order off the shelf like from Farnell Smiley

ShadesOfMarble
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October 19, 2013, 11:45:16 AM
 #1529

so you can keep mining with it long after the others cost more to run in electricity than they deliver in BTC.
Well, if you call everything above 0$ profitable, then yes.

Review of the Spondoolies-Tech SP10 „Dawson“ Bitcoin miner (1.4 TH/s)

[22:35] <Vinnie_win> Did anyone get paid yet? | [22:36] <Isokivi> pirate did!
gingernuts
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October 19, 2013, 12:19:27 PM
 #1530

so you can keep mining with it long after the others cost more to run in electricity than they deliver in BTC.
Well, if you call everything above 0$ profitable, then yes.

Well, yes, I would!

If I put $1000 in the stockmarket and it was worth $1050 - i.e. 5% more at the end of a year, I would have ROI - why do people in the mining community think that a miner is a magic machine that turns 1BTC into 100BTC in one month? 
ShadesOfMarble
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October 19, 2013, 03:26:08 PM
 #1531

So your time needed to keep the miner running (maintenance) is free/worthless?
The wear and tear of components involved (e.g. PSU) has no monetary value?

Review of the Spondoolies-Tech SP10 „Dawson“ Bitcoin miner (1.4 TH/s)

[22:35] <Vinnie_win> Did anyone get paid yet? | [22:36] <Isokivi> pirate did!
klondike_bar
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October 19, 2013, 03:35:02 PM
 #1532

So your time needed to keep the miner running (maintenance) is free/worthless?
The wear and tear of components involved (e.g. PSU) has no monetary value?

hopefully you would include the psu in your cost analysis. Additionally to your mining income, you have a physical piece of hardware with some resale or collectible value.

as for time/maintenance - its free if you enjoy tinkering, and these systems are quite stable once configured correctly.

24" PCI-E cables with 16AWG wires and stripped ends - great for server PSU mods, best prices https://bitcointalk.org/index.php?topic=563461
No longer a wannabe - now an ASIC owner!
Sitarow
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October 19, 2013, 04:03:06 PM
 #1533

Has anyone discovered how to put the additional pools on failover?

Does one have to upgrade the software in order to be able to do that?
ShadesOfMarble
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October 19, 2013, 05:07:24 PM
 #1534

its free if you enjoy tinkering
If mining is your hobby, then maybe your time is "free".

Review of the Spondoolies-Tech SP10 „Dawson“ Bitcoin miner (1.4 TH/s)

[22:35] <Vinnie_win> Did anyone get paid yet? | [22:36] <Isokivi> pirate did!
Micky25
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October 19, 2013, 06:00:52 PM
 #1535

Has anyone discovered how to put the additional pools on failover?

Does one have to upgrade the software in order to be able to do that?

over at KNCMiner someone seems to have found a way to do it with cgminer. Maybe it works in a similar way with chainminer.

http://forum.kncminer.com/forum/main-category/hardware/6990-how-do-you-switch-pools-any-feedback-would-be-great

13th October 2013, 01:12 AM
I found KNC web interface for pool management consistently inconsistent. I would make change that cgminer picks up per SSH, but web interface still shows old version.

I ended up using cgminer pool management interface more often than web interface, and now I have 3 pools coded in with a failover, and I'm so far super happy with this setup. The downside is that KNC web interface no longer shows pool management page (I guess KNC code has trouble reading cgminer.conf file with more than couple of lines ;/)

root@beaglebone:~# cat /config/cgminer.conf
{
"pools" : [
{
"url" : "http://stratum.mining.eligius.st:3334",
"user" : "****",
"pass" : "****"
},
{
"url" : "http://pool-us.50btc.com:8332",
"user" : "****",
"pass" : "****"
},
{
"url" : "http://****:3333",
"user" : "****",
"pass" : "****"
}
]
,
"api-port" : "4028",
"expiry" : "120",
"log" : "5",
"no-pool-disable" : true,
"queue" : "1",
"scan-time" : "60",
"shares" : "0",
"kernel-path" : "/usr/bin",
"api-allow" : "W:0/0"
}
gingernuts
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October 20, 2013, 10:06:15 AM
 #1536

So your time needed to keep the miner running (maintenance) is free/worthless?
The wear and tear of components involved (e.g. PSU) has no monetary value?

A decent PC PSU is < 1BTC these days, so you should consider writing it off as part of your H/W cost to reach breakeven, and so far (1 year+) all my PSU's are still soldiering on - I do run them at about 1/2 rated load, and I did buy good quality ones though.

My FPGAs which are still making BTC profitably (if painfully slowly) take < 5mins/month of my time. If your setup is stable, it shouldn't keep you busy IMHO!
Jumpsu
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October 21, 2013, 08:43:26 AM
 #1537

# order number...?
GandalfG
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October 21, 2013, 09:12:36 AM
 #1538

I receive my order #97x on Friday afternoon. Thx Punin !

After dealing with the problems associated with the work of four modules at the same time, now hashing ~ 30 Gh / s per module.
Today I'll start manual tunig chips. Over the weekend, I gathered some logs for this purpose.
For all who wait for H-Modules. Please check it for shorts  before insert and power up.

https://www.dropbox.com/s/rwo8f5hw1khpjqa/R01F%20short%20C10F.jpg

Want to say thanks? 16ragydppe9QFRVhrdwEUjgfMS7KCfEFGY
punin
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October 21, 2013, 09:41:19 AM
 #1539

NOTE

Due to my personal epic screw-up the SD image does not contain a working binary. And on top of this some orders were shipped without instructions also Tongue We have whipped ourselves vigorously here over the weekend and will try to improve our process so these bloopers don't happen in the future.

Here's how to get your miner working:
1. Check your router for bitfury IP
2. SSH into the raspberry pi (username pi password raspberry)
3. Run following commands:

Code:
cd /opt/bitfury/chainminer
sudo make clean
sudo make
sudo killall screen
sudo /etc/rc.local

You should now be mining. You can check the web interface of the miner with a normal browser and setup your pools there (use the IP that you used for SSH).

Head of Product Development
Bitfury Group
www.bitfury.com
rammy2k2
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October 21, 2013, 09:54:31 AM
 #1540

hey punin, any update with orders number delivered ?  Smiley
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