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Author Topic: BFL Labs ASIC release date - no earlier than February 2013  (Read 5411 times)
rjk
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June 29, 2012, 01:33:07 PM
 #41

Yeah SHA256 and SHA512 are similar enough that breaking one is likely to weaken the other significantly.

Mining Rig Extraordinaire - the Trenton BPX6806 18-slot PCIe backplane [PICS] Dead project is dead, all hail the coming of the mighty ASIC!
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GernMiester
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June 29, 2012, 09:50:43 PM
 #42

People who bought 1 Single only likely don't have an extra $700 around. I see many but not all updating due to expense.
Mini rig owners must drop what? 15k after just spending 15k.  Either the bitcoin community is loaded with cash or not.

When they arrive,
ASIC's will have harmed bitcoins by raising the bar for entry from everyman to specialists but only if they get heavily adopted. Buying a $200 video card will make more sense than a $150 USB coffee warmer purchase to the average person.  
The guy with 60GH/s will now wield stuff like 10TH/s because they already have cash, how do you think they bought all those GPU's in the first place.
 
Go ahead mine with you 1500+ watt 3.5GH/s setup or whatever.
3.5 GH/s running off a USB port will crush your ROI Mr. GPU man. The only hope is ASICs flopping or not being super popular.
I have some disposable cash ATM and my Preorder number means at least 500 Jalapeno's have been ordered and everyone knows that we all didn't order just 1 Jalapeno.
Get ready for something like 1.7+TH/s coming online at least. Its going to hurt.

Here's to hoping all the pre-orders don't get paid for.
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June 30, 2012, 02:53:47 AM
 #43

Go ahead mine with you 1500+ watt 3.5GH/s setup or whatever.
3.5 GH/s running off a USB port will crush your ROI Mr. GPU man. The only hope is ASICs flopping or not being super popular.
I have some disposable cash ATM and my Preorder number means at least 500 Jalapeno's have been ordered and everyone knows that we all didn't order just 1 Jalapeno.
Get ready for something like 1.7+TH/s coming online at least. Its going to hurt.

The window is closing fast, but you can still pay off a GPU rig before the reward half (assuming BFL can't deliver a product in October) depending on your electric costs. Come July/August, then your ROI is shot to hell.

Also, judging from the 900+ orders BFL already has, I'd say they ALREADY ARE plenty popular.

Lastly, the SC preorder thread already has a listed 8.8TH/s as ordered, and that's only a known 38 out of 900+ orders. I'd guess anywhere from 100-250TH/s have ALREADY been ordered from BFL.

Tips? 1crazy8pMqgwJ7tX7ZPZmyPwFbc6xZKM9
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Aseras
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July 02, 2012, 12:56:42 AM
 #44

Even crazier than the diff skyrocketing will be when all these ASIC's are up and running, and something within the protocol will need to be changed and all those ASIC's become useless, bringing power back to GPU & FPGA miners =P
Or btc will die out and a alt currency which employs something different in its algo will also cause BTC ASIC's to become useless. So, hold onto some of your GPU's everyone =)

People keep saying this, with no understanding of what a "change in the protocol" means. Performing a SHA256 hash is something that will not change.

There are ways to change the way hashes are made to break an ASIC.  ASIC is hard wired. It can't change at all. FPGA can be reprogrammed with a new bitstream. GPUs are the same. A very minor change could make a lot of expensive paperweights and would be a great way to keep bitcoin operating the way it was meant, openly accessible to virtually anyone with everyday hardware, not a bunch of elites with fancy expensive hardware. It's supposed to be run by the people, not the "1%"
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July 02, 2012, 04:08:32 AM
 #45

Even crazier than the diff skyrocketing will be when all these ASIC's are up and running, and something within the protocol will need to be changed and all those ASIC's become useless, bringing power back to GPU & FPGA miners =P
Or btc will die out and a alt currency which employs something different in its algo will also cause BTC ASIC's to become useless. So, hold onto some of your GPU's everyone =)

People keep saying this, with no understanding of what a "change in the protocol" means. Performing a SHA256 hash is something that will not change.

There are ways to change the way hashes are made to break an ASIC.  ASIC is hard wired. It can't change at all. FPGA can be reprogrammed with a new bitstream. GPUs are the same. A very minor change could make a lot of expensive paperweights and would be a great way to keep bitcoin operating the way it was meant, openly accessible to virtually anyone with everyday hardware, not a bunch of elites with fancy expensive hardware. It's supposed to be run by the people, not the "1%"



 Grin Wow,I'm part of the 1%  Shocked

https://bitcointalk.org/index.php?topic=89258.msg988348#msg988348

"If you run into an asshole in the morning, you ran into an asshole. If you run into assholes all day long, you are the asshole."  -Raylan Givens
Got GOXXED ?? https://www.youtube.com/watch?v=9KiqRpPiJAU&feature=youtu.be
"An ASIC being late is perfectly normal, predictable, and legal..."Hashfast & BFL slogan Smiley
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July 02, 2012, 08:46:54 AM
 #46

Hi guys, I basically had a prophetic dream vision last night, that the BFL Labs ASIC won't be shipped until February 2013 at best.

Next time you visit the future, check out the headlines for Apple's stock share price and the years biggest percentage gainers.
It would be more profitable (no pun intended).

||bit
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