BFL current state of affairs

[mezzomix]

Yeah I know - now answer from BFL on valid questions...

[ninjarobot]

Who's deploying then?  The network hashrate seems to be going up in lockstep with the amount of hashrate we are shipping out, give or take a slight deviation.

ASICMiner still has 12% of the network hashrate, even at this difficulty. I assume they have not been sitting still. Sure, they might have hit a delay when it comes to shipping mini blades to customers, but that does not mean they are unable to serve their own needs. http://blockchain.info/pools

If the exponential hashrate is solely due to BFL shipping then congrats, it means you are doing something right. I wonder how many late pre-orders were aware of what was in store for them (in terms of hashrate in the backlog) especially since you jacked the prices and stopped refunds.

[Vagnavs]

But honestly, whatever is in the backlog will never make ROI. It is a write-off folks. BFL had their window of opportunity but it has long since closed. Wonder if they are going to come out with Gen2 plans (and perhaps upgrade orders that have been in the queue for over 6 months) or just close up shop.

Someone doesn't understand how bitcoin mining works...

Well sure, if you paid in USD *and* have free energy *and* live a long life. Go for it.

You miss the point.  You complain that "whatever is in the backlog will never make ROI." and "BFL had their window of opportunity bit it long since closed." as if they are somehow separate issues.  They aren't, which is where you don't understand (you're not alone) how bitcoin mining works.  If BFL had shipped in November, difficulty would be in the same place it is now (actually, it would be much, much higher).  What you and many others fail to understand is that YOUR unit is not the only unit shipping and that is the only scenario where early shipping is beneficial to YOU.  Otherwise, it doesn't much matter when the shipping happens, because your relative difficulty will be functionally the same.  

There is no "window of opportunity." Closed or open... hashrate is hashrate, no matter when it ships.

I'll let other people bash you. But aren't you embarrassed with the company's performance? If this is my company, I don't and be on any forum until things changed. I.e. work got done and everyone receive their order.
Regards,
Brian

[iikun]

Who's deploying then?  The network hashrate seems to be going up in lockstep with the amount of hashrate we are shipping out, give or take a slight deviation.

Don't break your arm patting yourself on the back on your deployment thus far

[Quantus]

There is only one thing we say to the God of Death, "two more weeks."

[User705]

Who's deploying then?  The network hashrate seems to be going up in lockstep with the amount of hashrate we are shipping out, give or take a slight deviation.

I'm having a hard time with the charts but didn't the network add 200,000 GH in the last month?  So you're saying you've shipped 40,000 Jalapenos, or 4,000 Singles, or 400 Mini-Rigs or some sort of combination of those in the last month, give or take a slight deviation?

[Quantus]

2012
September -  "Just you wait"
October -  "Just you wait"
November - "Just you wait"
December -  "Just you wait"
2013
January - "Just you wait"
February -  "Just you wait"
March -  "Just you wait"
April - "Just you wait"
may - "Just you wait"
June - "Just you wait"
July - "Just you wait"
August -  "Just you wait"
 

"our work flow"

[af_newbie]

Who's deploying then?  The network hashrate seems to be going up in lockstep with the amount of hashrate we are shipping out, give or take a slight deviation.

I'm having a hard time with the charts but didn't the network add 200,000 GH in the last month?  So you're saying you've shipped 40,000 Jalapenos, or 4,000 Singles, or 400 Mini-Rigs or some sort of combination of those in the last month, give or take a slight deviation?

Bitfury in Ukraine put up 100TH/s online recently, just for testing    ASICMiner probably "matched" that.
In my estimate, BFL shipped ~50-100 Mini rigs so far.

 

[joshv06]

Why does BFL keep acting like they're the only ones selling/shipping ASICS?

I keep hearing "You obviously don't know how Bitcoin difficult works"

[JimiQ84]

Why does BFL keep acting like they're the only ones selling/shipping ASICS?

I keep hearing "You obviously don't know how Bitcoin difficult works"

because AM and Avalon had deployed only 200TH/s combined. That clearly means that network hashrate of 400TH is pure BFL. [/sarcasm]

[User705]

Who's deploying then?  The network hashrate seems to be going up in lockstep with the amount of hashrate we are shipping out, give or take a slight deviation.

I'm having a hard time with the charts but didn't the network add 200,000 GH in the last month?  So you're saying you've shipped 40,000 Jalapenos, or 4,000 Singles, or 400 Mini-Rigs or some sort of combination of those in the last month, give or take a slight deviation?

Bitfury in Ukraine put up 100TH/s online recently, just for testing    ASICMiner probably "matched" that.
In my estimate, BFL shipped ~50-100 Mini rigs so far.

 

What do you mean so far?  What's the time frame on so far?  Last month hashrate went up 200,000 Gh right?  I was having a hard time reading the blockchain chart although from personal experience I see BTC Guild's total pool rate every day and total Gh basically doubled so it seems right.  Inaba said that the network hashrate is going up lockstep with the amount of hashrate they are shipping out, give or take a slight deviation.  He would know the total hash rate they are shipping out so are you saying the network didn't add 200,000 Gh or you are saying they haven't shipped 200,000 Gh?

[vulgartrendkill]

No disrespect to Josh, but I think that its a combination of all the current builders of asic machines starting to ramp up production.

I feel whats most frustrating is that BFL were one of the first to market these ASICs, but will be amongst the last to deliver.

If I ordered a bitfury board today, more than likely I would receive on or around November time.  The jalapeno I ordered in July may not even be being built at that point.

I get it that there may be huge numbers of orders or production bottlenecks etc, but to come out and say the backlog (at that time) would be cleared by end of september (and then subsequent BFL employees to say that wouldn't be possible)  without saying exactly why is slightly disengenuous.

Was it Josh being over enthusiastic with the estimates?

I really don't mind waiting TBH but its the attitude of BFL that is making me re evaluate my decision to choose them to help build my Bitcoin mining operation.

[||bit]

So I did some math. According to bfl.ptz.ro and the BFL blog:

Jalapeno: 3575 ordered, 788 shipped, 2787 remaining, 22.04% fulfilled.
Little single: 1230 ordered, 87 shipped, 1143 shipped, 7.07% fulfilled.
Single: 2678 ordered, 233 shipped, 2445 remaining, 8.70% fulfilled.
Mini rig: 185 ordered, 25 shipped (to Josh), 160 remaining, 13.51% fulfilled.

Plugging in their current value to weight the total fulfilment, I come to 10.99% of the order book shipped out. This most likely excludes a much more significant amount of non declared miners at the tail end of the order queue, since the general public is less likely to have known about the website.

Discuss.

Can you verify or evidence that 25 mini-rigs were sent to Josh?

[k9quaint]

Who's deploying then?  The network hashrate seems to be going up in lockstep with the amount of hashrate we are shipping out, give or take a slight deviation.

This from someone who is afraid to say how many units overall they ship. 

People who ordered Avalon chips delivered in China reported getting their shipments a couple of weeks ago.
Batch 3 has arrived in the states and hit China quite some time ago.
ASICminer has been deploying more hashrate and selling hardware.
There isn't more than 10TH/s coming out of BFL this month given the rest of the deployments. Less if Bitfury is actually beta testing.

[af_newbie]

..What do you mean so far?  

...so are you saying the network didn't add 200,000 Gh or you are saying they haven't shipped 200,000 Gh?

They have many more minirigs to ship, not to mention singles.

I don't think they are the only ones responsible for 200TH/s increase.

I agree with Josh though, Avalon is out, ASICMiner sits tight, they don't have ASIC h/w problems but more logistics issues.
It is not trivial to deploy large scale farms.  Cabling, HVAC, new transmission lines to data centers.  Basically you need to build
new data centers before deployment.  Besides they are heavily mining so it is not in their interest to sell hardware.  They do it to diversify
and keep constant share of the pie.

Everyone forgets bitfury.  Just like last year, everyone was discounting him with his 100GH/s FPGA rack.
I think bitfury and BFL will be responsible for majority of hash rate increase from now on.

KNC is a joke and probably a scam.  Others are basically pre-order websites.

[||bit]

So I did some math. According to bfl.ptz.ro and the BFL blog:

Jalapeno: 3575 ordered, 788 shipped, 2787 remaining, 22.04% fulfilled.
Little single: 1230 ordered, 87 shipped, 1143 shipped, 7.07% fulfilled.
Single: 2678 ordered, 233 shipped, 2445 remaining, 8.70% fulfilled.
Mini rig: 185 ordered, 25 shipped (to Josh), 160 remaining, 13.51% fulfilled.

Plugging in their current value to weight the total fulfilment, I come to 10.99% of the order book shipped out. This most likely excludes a much more significant amount of non declared miners at the tail end of the order queue, since the general public is less likely to have known about the website.

Discuss.

If that's correct, that is about 58TH. But the network has exploded hundreds of TH over the past months. Surely, those are not GPU miners.
If those are true numbers, and if BFL is the only significant shipper of asic hardware, then whose the entity using asic hardware to mine with while most people wait painfully for BFL hardware?

I'm also curious about the above claim that Josh received 25 mini-rigs. I know a guy that ordered a mini-rig in the first week or pre-orders and is still waiting for 2/3rds of his order. Wow, after more than a year of waiting. Such treatment of other people's money seems criminal.

[mezzomix]

If this guy paid his rigs with BTC he will never see ROI. The opportunity window for ASICs is now history.

[vulgartrendkill]

Not true.  ASICs are the future and we just have to deal with that.  Once 28nm and lower chips come along (and they will) GH/s will start to increase wildly to account for the high difficulty.  Not only that but remember these are essentially still first gen devices, once the basic designs are down, improvements will be made in time.

ASICs just serve to make it more difficult for the hobbyist miner to achieve a return.

[trout]

Someone doesn't understand how bitcoin mining works...

...

You miss the point.  

There is no "window of opportunity." Closed or open... hashrate is hashrate, no matter when it ships.

Actually, it is important when it ships.
Some of the first customers that ordered BFL  asics hoped to receive them
while block reward would sill be at  50 BTC.  Now it's 25, and it's not gonna stay 25 forever either,
alghough it's quite likely that at the time of the next halving all currently used asics will be not worth the electricity they consume.

[Tigggger]

Yes, BFL basically is.  Who else is shipping any sort of volume with regards to hashrate? 

Not Avalon... they are just trickling out hashrate.  ASICminer was having issues and delays last I heard.  Who else?

BFL Shipping in volume, LOL nice one Josh

How's the backorder queue going, still on track to get it cleared by November, December, January, February, March, April, May, June, July, August, September ?