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dirtycat
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May 12, 2012, 03:57:17 PM |
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If bitcoins completely disappeared would these machines have any resale value? I don't understand why everyone argues that they will not pay off even if it takes 2 years to break even, you still have the machine, say it is worth $5k after two years thats a 16% return. I may not completely understand the risks but sounds solid to me.
We would like to let all our clients know that, in case of Bitcoin failure, we will make all our units OpenSource, and thus making it possible for the clients to sell their units to various industries at almost certainly higher price than they purchased it in the first place. Regards, BF Labs Inc. Why would these "various industries" buy our molested units at a higher price when you could sell them "new" units cheaper and keep making money? Keep on dreaming. Nobody will buy your used BFLs : https://bitcointalk.org/index.php?topic=79825.0Hint : nobody wants these chips new in the first place ! thats what I getting at in a slow turtle pace.. jeez man you ruin everything!!! lol |
poop!
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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rjk
Sr. Member
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Activity: 448
Merit: 250
1ngldh
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May 12, 2012, 04:09:10 PM |
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If bitcoins completely disappeared would these machines have any resale value? I don't understand why everyone argues that they will not pay off even if it takes 2 years to break even, you still have the machine, say it is worth $5k after two years thats a 16% return. I may not completely understand the risks but sounds solid to me.
We would like to let all our clients know that, in case of Bitcoin failure, we will make all our units OpenSource, and thus making it possible for the clients to sell their units to various industries at almost certainly higher price than they purchased it in the first place. Regards, BF Labs Inc. Lol I knew this would be the first question to come up. Anyway the fact that they are willing to open source it and we know now the chip is an FPGA are both very good news.
Also it is more likely the hashing power of the Single or Mini-rig will not be profitable long before Bitcoin goes down, remember you used to be able to mine with "KILOhashes"
Why are you looking a gift horse in the mouth? You have less faith in Bitcoin surviving than BFL does! And if you think Bitcoin is going to collapse any time soon, why don't you go make it happen, so you can get your beloved SDK? |
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ice_chill
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May 12, 2012, 05:08:07 PM |
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I don't think Bitcoin will collapse, I have ordered a Single and a Mini-Rig. What I think is the current BFL hardware will be long outdated before anything happens to Bitcoin (if anything ever does happen) so worrying "what if Bitcoin collapses" is pointless.
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jddebug
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May 12, 2012, 06:04:39 PM |
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I don't think Bitcoin will collapse, I have ordered a Single and a Mini-Rig. What I think is the current BFL hardware will be long outdated before anything happens to Bitcoin (if anything ever does happen) so worrying "what if Bitcoin collapses" is pointless.
There have been many complaints that the BFL hardware will be a very expensive paperweight if bitcoin goes bust. Seems to me that BFL was addressing that concern. Although I have NO idea what else they could be used for, I at least have the comfort of knowing now that I will have access to the information needed to retask it should bitcoin fail and something else present itself. |
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ice_chill
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May 12, 2012, 06:12:52 PM |
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With the number of Singles and Mini-Rigs being sold I wouldn't be surprised if some company releases paid software to use on them.
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bulanula
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May 12, 2012, 07:27:21 PM |
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With the number of Singles and Mini-Rigs being sold I wouldn't be surprised if some company releases paid software to use on them.
Will it be able to mine MicroCash once bitcoin collapses   |
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dropt
Legendary
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Activity: 1512
Merit: 1000
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May 17, 2012, 01:41:53 AM |
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With the number of Singles and Mini-Rigs being sold I wouldn't be surprised if some company releases paid software to use on them.
Will it be able to mine MicroCash once bitcoin collapses Legitimate question: Do you know what an FPGA is? Like, could you describe it and understand what it is you're talking about? |
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ice_chill
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May 17, 2012, 02:02:44 AM |
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With the number of Singles and Mini-Rigs being sold I wouldn't be surprised if some company releases paid software to use on them.
Will it be able to mine MicroCash once bitcoin collapses Legitimate question: Do you know what an FPGA is? Like, could you describe it and understand what it is you're talking about? Yes. |
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dropt
Legendary
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Activity: 1512
Merit: 1000
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May 17, 2012, 04:00:00 AM |
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Yes.
Sorry, I should have removed your quote as I meant to direct it to Bulanula. |
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bulanula
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May 17, 2012, 10:41:32 AM |
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Yes.
Sorry, I should have removed your quote as I meant to direct it to Bulanula. If they don't provide a bitstream for MicroCash then you won't be able to mine them smartass ! Also, good luck mining things like scrypt on these crappy FPGAs If FPGA is so great then why nobody use it to mine LTC yet |
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ice_chill
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May 17, 2012, 11:07:25 AM |
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Yes.
Sorry, I should have removed your quote as I meant to direct it to Bulanula. If they don't provide a bitstream for MicroCash then you won't be able to mine them smartass ! Also, good luck mining things like scrypt on these crappy FPGAs If FPGA is so great then why nobody use it to mine LTC yet Because it's more profitable to mine Bitcoin and use it to buy LTC due to price difference  |
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bulanula
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May 17, 2012, 11:09:04 AM |
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Yes.
Sorry, I should have removed your quote as I meant to direct it to Bulanula. If they don't provide a bitstream for MicroCash then you won't be able to mine them smartass ! Also, good luck mining things like scrypt on these crappy FPGAs If FPGA is so great then why nobody use it to mine LTC yet Because it's more profitable to mine Bitcoin and use it to buy LTC due to price difference True but can it technically be done because I understand scrypt algo needs like 1024KB L1 cache memory or something which only CPU has ... |
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bombo999
Member
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Activity: 107
Merit: 10
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May 17, 2012, 02:55:11 PM |
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Has anyone received any progress updates from bfl on their development of the mini-rig or any updates on anticipated delivery dates?
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JWU42
Legendary
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Activity: 1666
Merit: 1000
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May 17, 2012, 03:08:20 PM |
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I think gigavps is at the very front of the list (as is Inaba I _think_)
gigavps has said publicly late May...
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ice_chill
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May 17, 2012, 07:14:30 PM |
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Yes, if BFL could give us weekly updates on the progress, then it would put everyone's mind at rest and eliminate guessing and worrying as to what they are doing (everyone meaning those who ordered).
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BFL (OP)
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May 17, 2012, 09:27:35 PM |
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Here's a quick photo update for you... This is one of the modular Mini Rig processor cards. It's a 1.5 GH/s unit which operates at a board temperature of 36C with a 22C ambient.  http://www.butterflylabs.com/production-update/ |
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rjk
Sr. Member
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Activity: 448
Merit: 250
1ngldh
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May 17, 2012, 09:31:20 PM |
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That SATA port looks interesting. |
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Hpman
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May 17, 2012, 09:35:45 PM |
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That SATA port looks interesting.
Maybe a Highspeed differential link between the boards for future use ?? Sata connectors and cables are cheap. |
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Inspector 2211
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May 17, 2012, 09:36:08 PM |
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That SATA port looks interesting. I was about to post the same thing, but it's labeled "X-LINK" and since a SATA port doesn't make sense (the bandwidth is not that high and the mini rig will have a Raspberry Pi as a controller, not a a PC motherboard with 18 SATA ports), I assume that they just re-purposed the SATA connector and SATA cables for something else. The question is: For what? |
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rjk
Sr. Member
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Activity: 448
Merit: 250
1ngldh
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May 17, 2012, 09:41:26 PM |
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The question is: For what?
Yes, because I don't see a second one that I would assume would exist when used in a daisy chain fashion. |
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