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Author Topic: BFL announces 28nm 600GH/S blade for $4680  (Read 40321 times)
PuertoLibre
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August 18, 2013, 03:41:17 PM

https://twitter.com/rogerkver

Edit: In other news https://bitcointalk.org/index.php?topic=204699.msg2949097#msg2949097

I wonder how long do Gen 1 BFL chips have before they crap out as well?


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Phinnaeus Gage
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August 18, 2013, 03:56:01 PM

There are always refunds available because BFL has to play by Federal Trade Commission rules. Those rules say that they must refund your money up to the point at which they actually ship your merchandise. Even if you live outside the US, you can still file a complaint with the FTC.

Not only the FTC.  http://da.jocogov.org/complaint-forms
The KS state attorney general reports that they have recovered $17m in "consumer restitution, fees and penalties" in 2011, and $43m in 2012.  Maybe 2013 will be another banner year?

Make no mistake, the AG posts those figures to make sure he/she gets another feather in their hat for the advancement of their career. Now that Bitcoin is in the news, and there's money to be had, this is a no-brainer for the AG of OZ, all thanks to the COO of BFL.
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August 18, 2013, 04:04:13 PM

I've stated such, but here's the same by a more astute Bitcoiner:

Quote
"BFL is full of... incongruence, you can't cancel your single "because they already have the material to create your single" but you can upgrate it to a totally different product, this guys are just playing with our money."
dwdoc
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August 18, 2013, 04:08:02 PM

Appropriately named since it won't appear until spring at the earliest...


The last generation of the summer enters into a nonreproductive phase known as diapause, which may last seven months or more. During diapause, monarch butterflies fly to one of many overwintering sites. The overwintering generation generally does not reproduce until it leaves the overwintering site sometime in February and March.

http://en.wikipedia.org/wiki/Monarch_butterfly
Phinnaeus Gage
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August 18, 2013, 04:09:40 PM


Lets all give up mining BTC then!  This forum is going to be very boring.  Wink
Ah. So you don't care about math or mining.

No wonder you are seemingly very positive.

Seriously, why are you here?  Do you get some kind of perverse pleasure from pooping in the punchbowl?  You offer nothing but endless amounts of negativity.

Maybe I'm a masochist but I've had you on "ignore" several times but have felt compelled to see if you are offering anything else to the community but FUD.  Back to ignore... after I read your next few agonizing posts.  Wink

PL gets ignored--again--by a user that adds an extra space after each period and uses those three dot thingies (...). I'm beginning to believe Josh is Sybil.
Xian01
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August 18, 2013, 04:17:01 PM

Appropriately named since it won't appear until spring at the earliest...
The last generation of the summer enters into a nonreproductive phase known as diapause, which may last seven months or more. During diapause, monarch butterflies fly to one of many overwintering sites. The overwintering generation generally does not reproduce until it leaves the overwintering site sometime in February and March.
http://en.wikipedia.org/wiki/Monarch_butterfly

 Personally, I found this section apropos.

"Monarch butterflies are poisonous or distasteful to birds and mammals because of the presence of the cardiac glycosides contained in milkweed eaten by the larvae."
fractal02
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August 18, 2013, 04:20:04 PM

Just saw this on Twitter - WOW...

Roger Ver ‏@rogerkver 7h
"I would rather sit in a tub full of pig feces and smoke meth from a hollowed out fetus then order anything from Butterfly Labs." -Reddit


Who care about this looser...maybee others loosers ?
lucasjkr
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August 18, 2013, 04:24:17 PM

The arms race continues...  All these hashes do nothing to "secure the network", only cause all the miners to spend dollars competing over a rapidly diminishing pie.... CPU-only coin, anybody?
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August 18, 2013, 04:25:34 PM

Who care about this looser...maybee others loosers ?

 ... I know that foul stench ...

 Josh I presume ? How are you this fine day ?
fractal02
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August 18, 2013, 04:30:50 PM

Who care about this looser...maybee others loosers ?

 ... I know that foul stench ...

 Josh I presume ? How are you this fine day ?

OMG...i'm "sock-puppeted" ! ^^

You Sir Xian, are the real Sherlock Smiley

How are your USB-Miner ? Do you mine the shit out your 0.05 btc/day ? ROFL...
ROI...no...anyone ?
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August 18, 2013, 04:37:34 PM

Who care about this looser...maybee others loosers ?
... I know that foul stench ...
 Josh I presume ? How are you this fine day ?
OMG...i'm "sock-puppeted" ! ^^
You Sir Xian, are the real Sherlock Smiley
How are your USB-Miner ? Do you mine the shit out your 0.05 btc/day ? ROFL...
ROI...no...anyone ?

 My mining setup is humming along quite nicely, mining much more than 0.05 btc/day, thank you very much. friedcat has been a pleasure to deal with thus far, as have others that I have given my business to.

 I wish I could say it was a pleasure doing business with you.

 *hugs and cuddles*
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Hell?


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August 18, 2013, 04:38:06 PM

haha "looser" cant even spell.
Phinnaeus Gage
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August 18, 2013, 04:39:08 PM

Just saw this on Twitter - WOW...

Roger Ver ‏@rogerkver 7h
"I would rather sit in a tub full of pig feces and smoke meth from a hollowed out fetus then order anything from Butterfly Labs." -Reddit


Wow! Did Roger really say that? I wonder what Tony at BitPay thinks.
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August 18, 2013, 04:41:16 PM

haha "looser" cant even spell.

Haha can't even spell "can't"  Grin
Flying Hellfish
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August 18, 2013, 04:43:01 PM

haha "looser" cant even spell.

A spelling cop that can't spell, looks like an even greater fool than the person he was trying to call out LOL
fractal02
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August 18, 2013, 04:45:00 PM

Who care about this looser...maybee others loosers ?
... I know that foul stench ...
 Josh I presume ? How are you this fine day ?
OMG...i'm "sock-puppeted" ! ^^
You Sir Xian, are the real Sherlock Smiley
How are your USB-Miner ? Do you mine the shit out your 0.05 btc/day ? ROFL...
ROI...no...anyone ?

 My mining setup is humming along quite nicely, mining much more than 0.05 btc/day, thank you very much. friedcat has been a pleasure to deal with thus far, as have others that I have given my business to.

 I wish I could say it was a pleasure doing business with you.

 *hugs and cuddles*

^^

Xian, i have nothing against you... Wink

But sometime you are really paranoid (and no...i'm not Josh...god damn...) seeing SockPuppet everywhere.
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August 18, 2013, 04:45:20 PM

haha "looser" cant even spell.

A spelling cop that can't spell, looks like an even greater fool than the person he was trying to call out LOL

In the wild, they're referred to as "Cunts".
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August 18, 2013, 05:07:40 PM

The hash rate can't possibly increase by 50% per month forever. it would require exponential growth in the hash rate.

100th with 50% increase each retarget
150th added 50th
225th added 75th
337th added 112th
506th added 169th
759th added 253th
1139th added 380th
1708th added 569th

how does no one realize this?

all the people posting calculators showing this hashrate increasing at 90% per month and extrapolating a constant increase are not taking this into account.


Thank you for saying this!  No one seems to understand this concept at all.

The difficulty has been rising like crazy with devices that do 5GH to 60GH and shipped in limited quantities (not counting the BFL mini-rigs until they can make enough of them to matter). Do you really think the hash rate will slow down after 3 new providers enter the market with devices that hash from 250GH to 500GH? If BFL can make a PCI card that does 600GH/s that means everyone else can make them too. What happens to your hash rate projections when the new entry level device does 600GH/s in the form of a video card?

Eventually, the efficiency from silicon will plateau but we are not there yet. There is a huge amount of pent up demand in the market for mining gear. If you are committed to bitcoin, when your video card doesn't make enough, you sell it and buy an FPGA. You upgrade the FPGA to an ASIC, and when your ASIC doesn't mine enough you upgrade it again. If the market can actually keep up with demand, we will blow past 1700TH.

Mining is a race to the bottom combined with printing money.


Bitcoin is backed by the full faith and credit of YouTube comments.
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August 18, 2013, 05:09:57 PM

The arms race continues...  All these hashes do nothing to "secure the network", only cause all the miners to spend dollars competing over a rapidly diminishing pie.... CPU-only coin, anybody?
Yeah cuz botnets were never a serious threat to bitcoin </sarcasm

Hitler Finds out about the Butterfly Labs Monarch http://www.youtube.com/watch?v=4jYNMKdv36w
Get $10 worth of BTC Free when you buy $100 worth at coinbase.com/?r=51dffa8970f85a53bd000034
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August 18, 2013, 05:12:43 PM

The hash rate can't possibly increase by 50% per month forever. it would require exponential growth in the hash rate.
Good point.  
Furthermore, I'd say it's misleading to extrapolate percentages at all.  What's really happening is the difficulty is tailing the huge power efficiency increase of the majority of the network, which it will keep doing until break even point is reached (in terms of running costs).  There's a quantifiable limit that only a rise in btc/usd or further efficiency improvements can break through.  These new Monarchs represent about an 8x efficiency increase if they make spec (this is large), so the main concern with ROI is simply how long you're using them before the majority of the network matches the efficiency figures.    
I do think ROI will take a long time, assuming difficulty has already reached 65nm asic efficiency levels before they ship.  
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