[ANN] US/North American Bitfury sales NEW STOCK ***NOW SHIPPING***

[ur0pl]

People keep pricing the 25gh/s unit at $1300, which it is not. $1300 is for 25gh/s, a master board, and a raspberry pi. just for 1 25gh/s hashing board, it costs $500. Sure you can only buy a 25gh/s starter kit and that is all if you want... but.. this is stupid imo, buy some hashing boards.

yeah, but you need the master board to run the hashing board. How else are you going to get the hash out of a 500 dollar board? You need a starter kit at least

[Morblias]

People keep pricing the 25gh/s unit at $1300, which it is not. $1300 is for 25gh/s, a master board, and a raspberry pi. just for 1 25gh/s hashing board, it costs $500. Sure you can only buy a 25gh/s starter kit and that is all if you want... but.. this is stupid imo, buy some hashing boards.

yeah, but you need the master board to run the hashing board. How else are you going to get the hash out of a 500 dollar board? You need a starter kit at least

He said he already has 2 starter kits from august, so he can buy 30 more hashing boards to fill them up. Each 25gh/s more that he wants now will only cost him $500 each.

Edit: basically what I am saying that is if you are buying a starter kit, you might as well buy some extra hashing boards to go in it.

[af_newbie]

People keep pricing the 25gh/s unit at $1300, which it is not. $1300 is for 25gh/s, a master board, and a raspberry pi. just for 1 25gh/s hashing board, it costs $500. Sure you can only buy a 25gh/s starter kit and that is all if you want... but.. this is stupid imo, buy some hashing boards.

yeah, but you need the master board to run the hashing board. How else are you going to get the hash out of a 500 dollar board? You need a starter kit at least

August H-boards were never available for sale.  Only Kits.
So I'm pricing what I ordered.

If Dave offers an option for August customers to buy H-boards, we can talk about $500/board, until then, the cost of 25GH/s in August (?)
is $1400 ($1300+$100 for shipping).

BTW, $500 October(November) board will produce $13 loss by Jul 2014, after which it will mine at loss.

Either this calculator is too aggressive or we are buying a losing proposition.

[papaminer]

Hello,

Did anybody who ordered for AUGUST delivery already got their Hardware?

[dben428]

Hello,

Did anybody who ordered for AUGUST delivery already got their Hardware?

No, we have not. See this post from Dave yesterday.

Guys - Les received the boards today and ... they have a problem.  The fab dropped 2 of our layers, producing a 2-layer PCB (no internal interconnects).  We identified the problem immediately, got it fixed, and the fab is now expediting new PCBs on a 5-day turn.  We are seeking to expedite each additional step this is going to take, but we *will* lose 3 - 5 days here (and 10's of thousands of $$$)

Steps we are taking:
-2-day turn verification rig in production now
-send a team member to China to in-person test this rig
-expedite all stages of PCB production, assembly & delivery

Since we will be right up against our retail delivery timeframe, we are going to have to use the 100TH boards for filling retail product.  Due to this, Tytus has announced an increased hashrate supply to our 100TH investors of 200TH total, to be deployed in the next two months cumulatively (not all at once at the end).

We are as upset at the delay/fakap as you are I'm sure.  This is one of the side affects of pushing such a fast track project, but we are making it right.  Believe me we want this stuff hashing as much as anyone and we are pulling out all the stops to get it done.

[buzzdave]

I think this has somthing to do with tytus.

Found it... Dr. Leszek Rychlewski and Maciej Kaźmierczyk of the 100TH mine.  Makes sense.

That's Tytus and his company is BioInfoBank.  BIB is behind the BitFury effort, so he put BIB's logo *in* the chip...the mystery is solved!

[buzzdave]

but we *will* lose 3 - 5 days here (and 10's of thousands of $$$)

I noticed Dave said 3-5 days we will lose due to the PCB mishap. But on PicoStocks website for 100TH (https://picostocks.com/docs/index/19), they said that it would cause a 1 month delay for 100TH. Did I miss something?

In order to ship our retail product on time, we are going to use 100TH boards.  This delays the hashpower for 100TH, which is why we doubled the hashpower offering on that project, now to 200TH.

[buzzdave]

Factory M-boards tested fine, BTW.  These are v1 units and will go out to customers only if I can't get my ver 2.2 M-boards made in time.

[zurg]

but we *will* lose 3 - 5 days here (and 10's of thousands of $$$)

I noticed Dave said 3-5 days we will lose due to the PCB mishap. But on PicoStocks website for 100TH (https://picostocks.com/docs/index/19), they said that it would cause a 1 month delay for 100TH. Did I miss something?

In order to ship our retail product on time, we are going to use 100TH boards.  This delays the hashpower for 100TH, which is why we doubled the hashpower offering on that project, now to 200TH.

Thanks for updates Dave.
I really do hope some "other" ASIC manufacturers take note on how to properly run business and especially dealing with customers from this thread!

[mdbssm]

Factory M-boards tested fine, BTW.  These are v1 units and will go out to customers only if I can't get my ver 2.2 M-boards made in time.

Great. Sooner the better ;-)

[-Redacted-]

but we *will* lose 3 - 5 days here (and 10's of thousands of $$$)

I noticed Dave said 3-5 days we will lose due to the PCB mishap. But on PicoStocks website for 100TH (https://picostocks.com/docs/index/19), they said that it would cause a 1 month delay for 100TH. Did I miss something?

In order to ship our retail product on time, we are going to use 100TH boards.  This delays the hashpower for 100TH, which is why we doubled the hashpower offering on that project, now to 200TH.

Thanks for updates Dave.
I really do hope some "other" ASIC manufacturers take note on how to properly run business and especially dealing with customers from this thread!

Needs lots more than just +1.  More like +1000000

[kwaaak]

August H-boards were never available for sale.  Only Kits.

That's it. If you only ordered a Starter Kit you will need to add H-CARDs in October to get some sort of ROI. A lot of H/s will be added to the network in these two months.

[xjack]

I think this has somthing to do with tytus.

Found it... Dr. Leszek Rychlewski and Maciej Kaźmierczyk of the 100TH mine.  Makes sense.

That's Tytus and his company is BioInfoBank.  BIB is behind the BitFury effort, so he put BIB's logo *in* the chip...the mystery is solved!

:Pats self on back:  Amazing what too much coffee, a closeup internet photo of a chip, and google can achieve.   

[abdullahadam]

Is everyone else still waiting for Dave to take payment by credit card?
My order is still not paid

[-Redacted-]

Yes * 6
He's working on it - nothing to worry about.  October is a long ways away...

[newguy05]

People keep pricing the 25gh/s unit at $1300, which it is not. $1300 is for 25gh/s, a master board, and a raspberry pi. just for 1 25gh/s hashing board, it costs $500. Sure you can only buy a 25gh/s starter kit and that is all if you want... but.. this is stupid imo, buy some hashing boards.

yeah, but you need the master board to run the hashing board. How else are you going to get the hash out of a 500 dollar board? You need a starter kit at least

August H-boards were never available for sale.  Only Kits.
So I'm pricing what I ordered.

If Dave offers an option for August customers to buy H-boards, we can talk about $500/board, until then, the cost of 25GH/s in August (?)
is $1400 ($1300+$100 for shipping).

BTW, $500 October(November) board will produce $13 loss by Jul 2014, after which it will mine at loss.

Either this calculator is too aggressive or we are buying a losing proposition.

Here's my latest calculation based on current stats for oct end delivery, very difficult decision either way.  However credit must be given to buzzdave and team on how they handled the retail sales so far, compared to avalon/bfl/terrahash etc..it's night and day.  

1) Assuming a 35% difficulty increase per 2016 block until Nov 1st delivery, this is very reasonable considering the massive amount of hashpower coming online during that time from all the asic hardware delivery from asicminer/bfl and avalon chips etc..not to mention the large farms coming online.

Starting difficulty at Nov 1:  50,000,000 * 1.35 *  1.35 * 1.35 * 1.35 * 1.35 = 224,000,000

2) Assuming btc price remains flat at average ~$110, also a reasonable assumption given the price history for the last few months.

3) Assuming only a 15% difficulty increase per cycle thereafter over the next 12 months from Nov 1 2013 to Nov 1 2014.  I think this is a very conservative estimate given the amount of asic hardware/development coming online, lets just assume best case scenario and things will level off in the next 12 months and averages out at 15% per increase

Profitability decline for 12 months:  0.00948604

4) Putting it all into the final calculator with a starting date of Nov 1st per above:  

Bitcoin Difficulty: 224,000,000
Hardware Cost:  $8000
Hash Rate: see below
Profitability Decline: 0.009
Time Frame: 12 months
USD/BTC: 110  
Ignore all power usage cost etc..

RESULT1 using 600GH:  $11345.29,  minus the $8000 hardware cost, ~ $3300 profit over 12 months.  

RESULT2 using 400GH:  $7590.89, minus the $8000 hardware cost, ~$400 loss over 12 months.

Of course it is a given if the difficulty per cycle goes up by even 1-2% profit will be wiped and if actual is lower then more profit, same goes for $ per btc etc..

again this is just my best estimate based on reality not some fantasy numbers...

As i said, very tough decision buy or not...

[flyboy]

People keep pricing the 25gh/s unit at $1300, which it is not. $1300 is for 25gh/s, a master board, and a raspberry pi. just for 1 25gh/s hashing board, it costs $500. Sure you can only buy a 25gh/s starter kit and that is all if you want... but.. this is stupid imo, buy some hashing boards.

yeah, but you need the master board to run the hashing board. How else are you going to get the hash out of a 500 dollar board? You need a starter kit at least

August H-boards were never available for sale.  Only Kits.
So I'm pricing what I ordered.

If Dave offers an option for August customers to buy H-boards, we can talk about $500/board, until then, the cost of 25GH/s in August (?)
is $1400 ($1300+$100 for shipping).

BTW, $500 October(November) board will produce $13 loss by Jul 2014, after which it will mine at loss.

Either this calculator is too aggressive or we are buying a losing proposition.

Here's my latest calculation based on current stats for oct end delivery, very difficult decision either way.  However credit must be given to buzzdave and team on how they handled the retail sales so far, compared to avalon/bfl/terrahash etc..it's night and day. 

1) Assuming a 35% difficulty increase per 2016 block until Nov 1st delivery, this is very reasonable considering the massive amount of hashpower coming online during that time from all the asic hardware delivery from asicminer/bfl and avalon chips etc..not to mention the large farms coming online.

Starting difficulty at Nov 1:  50,000,000 * 1.35 *  1.35 * 1.35 * 1.35 * 1.35 = 224,000,000

2) Assuming btc price remains flat at average ~$110, also a reasonable assumption given the price history for the last few months.

3) Assuming only a 15% difficulty increase per cycle thereafter over the next 12 months from Nov 1 2013 to Nov 1 2014.  I think this is a very conservative estimate given the amount of asic hardware/development coming online, lets just assume best case scenario and things will level off in the next 12 months and averages out at 15% per increase

Profitability decline for 12 months:  0.00948604

4) Putting it all into the final calculator with a starting date of Nov 1st per above: 

Bitcoin Difficulty: 224,000,000
Hardware Cost:  $8000
Hash Rate: 600,000  (600 GH)  - again very reasonable assumption given the per chip hash power stated by buzzdave
Profitability Decline: 0.009
Time Frame: 12 months
USD/BTC: 110 
Ignore all power usage cost etc..

RESULT:  $11345.29,  minus the $8000 hardware cost, ~ $3300 profit over 12 months. 

Of course it is a given if the difficulty per cycle goes up by even 1-2% profit will be wiped and if actual is lower then more profit, same goes for $ per btc etc..

again this is just my best estimate based on reality not some fantasy numbers...

As i said, very tough decision buy or not...

Where are you getting 600GH from??

[Tsukene]

People keep pricing the 25gh/s unit at $1300, which it is not. $1300 is for 25gh/s, a master board, and a raspberry pi. just for 1 25gh/s hashing board, it costs $500. Sure you can only buy a 25gh/s starter kit and that is all if you want... but.. this is stupid imo, buy some hashing boards.

yeah, but you need the master board to run the hashing board. How else are you going to get the hash out of a 500 dollar board? You need a starter kit at least

August H-boards were never available for sale.  Only Kits.
So I'm pricing what I ordered.

If Dave offers an option for August customers to buy H-boards, we can talk about $500/board, until then, the cost of 25GH/s in August (?)
is $1400 ($1300+$100 for shipping).

BTW, $500 October(November) board will produce $13 loss by Jul 2014, after which it will mine at loss.

Either this calculator is too aggressive or we are buying a losing proposition.

Here's my latest calculation based on current stats for oct end delivery, very difficult decision either way.  However credit must be given to buzzdave and team on how they handled the retail sales so far, compared to avalon/bfl/terrahash etc..it's night and day. 

1) Assuming a 35% difficulty increase per 2016 block until Nov 1st delivery, this is very reasonable considering the massive amount of hashpower coming online during that time from all the asic hardware delivery from asicminer/bfl and avalon chips etc..not to mention the large farms coming online.

Starting difficulty at Nov 1:  50,000,000 * 1.35 *  1.35 * 1.35 * 1.35 * 1.35 = 224,000,000

2) Assuming btc price remains flat at average ~$110, also a reasonable assumption given the price history for the last few months.

3) Assuming only a 15% difficulty increase per cycle thereafter over the next 12 months from Nov 1 2013 to Nov 1 2014.  I think this is a very conservative estimate given the amount of asic hardware/development coming online, lets just assume best case scenario and things will level off in the next 12 months and averages out at 15% per increase

Profitability decline for 12 months:  0.00948604

4) Putting it all into the final calculator with a starting date of Nov 1st per above: 

Bitcoin Difficulty: 224,000,000
Hardware Cost:  $8000
Hash Rate: 600,000  (600 GH)  - again very reasonable assumption given the per chip hash power stated by buzzdave
Profitability Decline: 0.009
Time Frame: 12 months
USD/BTC: 110 
Ignore all power usage cost etc..

RESULT:  $11345.29,  minus the $8000 hardware cost, ~ $3300 profit over 12 months. 

Of course it is a given if the difficulty per cycle goes up by even 1-2% profit will be wiped and if actual is lower then more profit, same goes for $ per btc etc..

again this is just my best estimate based on reality not some fantasy numbers...

As i said, very tough decision buy or not...

Where are you getting 600GH from??

Overclocking I assume

[rustyh17]

From what I understand, the current board design does not lend itself to substantial overclocking. I would not bank on that
in your ROI evaluation.

[Epoch]

Apart from the 600GH/s nonsense, this is one of the better ROI evaluations I have encountered recently.