BitForce SC - full custom ASIC

[yjacket]

Has this been mentioned???


The only reason for BFL to make this announcement is to prevent people from ordering from similarly priced competitors. That is why they offer the trade-in. Assuming everything is the way they say it is, it would be stupid to order from anyone else. As soon as the ASIC comes in(crosses fingers) you can zoom to higher efficiencies while everyone who ordered elsewhere is stuck.

BFL is savy, but if they don't deliver the ASIC quickly, in quantity, and at affordable prices, they will have pulled off quite the trick in destroying competitors market share.

My 2 cents.

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[Inspector 2211]

Has this been mentioned???

Yes, it has. In post #84.

[ice_chill]

Has this been mentioned???


The only reason for BFL to make this announcement is to prevent people from ordering from similarly priced competitors. That is why they offer the trade-in. Assuming everything is the way they say it is, it would be stupid to order from anyone else. As soon as the ASIC comes in(crosses fingers) you can zoom to higher efficiencies while everyone who ordered elsewhere is stuck.

BFL is savy, but if they don't deliver the ASIC quickly, in quantity, and at affordable prices, they will have pulled off quite the trick in destroying competitors market share.

My 2 cents.

1. If you watched their website, it has been known for several months that announcement for an Institutional Grade Super Computer would be made in June.

2. Where have you seen similar priced competitors ?  I haven't seen any, which is the reason people are willing to wait long for the order to arrive from BFL. The 110Ghs Bitfury is hardly a competitor at $90k and a 10KW requirement that you can't simply install in your bedroom.

3. They offer trade in because the initial customers are the ones that took their business off the ground, and are also the ones who are likely to reinvest over and over, thus it would work against them in the long term if they neglected such customers, and made people lose trust in them.

[DiabloD3]

Dear BFL,

I am very interested in ASICs in Singles. It'd be awesome if someone from BFL answered that question.

Signed, the people who aren't trolling this thread, however few we are.

[Inspector 2211]

Has this been mentioned???


The only reason for BFL to make this announcement is to prevent people from ordering from similarly priced competitors. That is why they offer the trade-in. Assuming everything is the way they say it is, it would be stupid to order from anyone else. As soon as the ASIC comes in(crosses fingers) you can zoom to higher efficiencies while everyone who ordered elsewhere is stuck.

BFL is savy, but if they don't deliver the ASIC quickly, in quantity, and at affordable prices, they will have pulled off quite the trick in destroying competitors market share.

My 2 cents.

3. They offer trade in because the initial customers are the ones that took their business off the ground, and are also the ones who are likely to reinvest over and over, thus it would work against them in the long term if they neglected such customers, and made people lose trust in them.

Sometimes it feels good to meet a person who believes in the good nature of man, even if it's just on the internet.

However, let's drop all romantic notions and let's be realistic:

They announced the trade-in program because without it, their own sales and thus their own cash flow would screech to a halt immediately after their ASIC  announcement ALONG WITH the sales and the cash flow of competitors.
Going bankrupt because you prematurely announce a better product is called the Osborne effect, because the computer company Osborne inadvertently killed itself that way.

[dave3]

Going bankrupt because you prematurely announce a better product is called the Osborne effect, because the computer company Osborne inadvertently killed itself that way.

And for a more recent example, see Nokia, who announced they were killing off their Symbian platform before releasing a replacement.

[Unacceptable]

I'm still glad I got my single & have plans to get more,mainly because of the fact that the FPGA uses less power than GPU's & can be used for other things if all goes awry for Bitcoin later (I think I read that somewhere,if BFL releases the firmware),

Whereas the ASIC is a paperweight,am I correct ??

Plus,if these ASIC's are a deal I can afford,I can trade the FPGA's in towards one or two...........just to keep up my hashrate.

Again,my thoughts on all this is that the GPU is going the way of the CPU for mining,so there's a panic & I feel for those that have invested so much in that tech.

I personally used a diff of 2-2.5 million in my calculations for ROI & profitability as a worst case scenario.

[P4man]

I feel for those that have invested so much in that tech.

No need. Even if they havent broken even by now, they should before these asics arrive and once they sell their equipment. Prepare to feel sorry for those investing in these asics because..

I personally used a diff of 2-2.5 million in my calculations for ROI & profitability as a worst case scenario.

.. you might be underestimating future difficulty by several orders of magnitude.

[BFL-Engineer]

Dear BFL,

I am very interested in ASICs in Singles. It'd be awesome if someone from BFL answered that question.

Signed, the people who aren't trolling this thread, however few we are.

We do like to disclose all information now, but it's important for us to do it in the right time.
However, I already have answered that question some time ago (indirectly) if you review our comments.
One thing I am sure of, is that people will be very very excited to hear what we have to offer...

Regards,
BF Labs Inc.

[DiabloD3]

Dear BFL,

I am very interested in ASICs in Singles. It'd be awesome if someone from BFL answered that question.

Signed, the people who aren't trolling this thread, however few we are.

We do like to disclose all information now, but it's important for us to do it in the right time.
However, I already have answered that question some time ago (indirectly) if you review our comments.
One thing I am sure of, is that people will be very very excited to hear what we have to offer...

Regards,
BF Labs Inc.

Maybe I missed something, but I just read the entire thread over, I didn't see any indirect mention of it. All I saw was mentions that you don't want to announce things before they're a sure thing. Is that what you meant? Because thats totally okay, its just that if you could get a Single 2.0 that has, say, 30-50w power usage (instead of 80w), people would run these 24/7 in their bedrooms due to their increased silence (less power usage == less fan) and be more apt to buy these. Hint hint.

[BFL-Engineer]

Dear BFL,

I am very interested in ASICs in Singles. It'd be awesome if someone from BFL answered that question.

Signed, the people who aren't trolling this thread, however few we are.

We do like to disclose all information now, but it's important for us to do it in the right time.
However, I already have answered that question some time ago (indirectly) if you review our comments.
One thing I am sure of, is that people will be very very excited to hear what we have to offer...

Regards,
BF Labs Inc.

Maybe I missed something, but I just read the entire thread over, I didn't see any indirect mention of it. All I saw was mentions that you don't want to announce things before they're a sure thing. Is that what you meant? Because thats totally okay, its just that if you could get a Single 2.0 that has, say, 30-50w power usage (instead of 80w), people would run these 24/7 in their bedrooms due to their increased silence (less power usage == less fan) and be more apt to buy these. Hint hint.

We will have a sub 50W product, and we do plan on using a very silent fan in it...


Regards,
BF Labs Inc.

[LordMord]

Can you give us any indication of price? >$5,000? >$25,000?

Can't give you any exact numbers yet. But for a certain model, both numbers are too big,
and for another, probably both are still big... we have to decide, but it won't be unaffordable...


Regards,
BF Labs Inc

DiabloD3 that is the indirect mention of at least 2 model. 1 is probably an ASIC single.

[DiabloD3]

Can you give us any indication of price? >$5,000? >$25,000?

Can't give you any exact numbers yet. But for a certain model, both numbers are too big,
and for another, probably both are still big... we have to decide, but it won't be unaffordable...


Regards,
BF Labs Inc

DiabloD3 that is the indirect mention of at least 2 model. 1 is probably an ASIC single.

Ahh, I was interpreting that as somewhere in the ballpark for 2U/500w and 4U/1000w sized for standardized rack mounting.

[kjlimo]

http://www.butterflylabs.com/production-update/

Announcements regarding abbreviated shipping schedules and future product (BitForce SC) release will be made on June 15th.

[Garr255]

Beautiful!

[arklan]

that is some tech porn if i ever saw it.

[Garr255]

that is some tech porn PR0N if i ever saw it.

FTFY

[||bit]

...*Shipping next quarter. (*engineer not inluded).

</>

[Unacceptable]

...*Shipping next quarter. (*engineer not inluded).

</>

  Thats how you mine all 21 million coins in a day

[P4man]

Beautiful!

Once more, a  text book example of how not to engineer system cooling. I imagine cooling isnt a big problem with those asics, but if you are going to spend money on large copper heatpipe coolers, you may as well design the system so they can actually function.