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Topic: [ANN] US/North American Bitfury sales NEW STOCK ***NOW SHIPPING*** - page 193. (Read 576936 times)

legendary
Activity: 1400
Merit: 1000
I owe my soul to the Bitcoin code...
The boards do not have the power circuitry in place to OC to 600GH/s. You might get 3-5% as was hinted but new boards would need to be developed to really push the chips.
hero member
Activity: 525
Merit: 500
..yeah
Quote
Where are you getting 600GH from??

From what I understand, the current board design does not lend itself to substantial overclocking. I would not bank on that
in your ROI evaluation.

Apart from the 600GH/s nonsense, this is one of the better ROI evaluations I have encountered recently.

If you can call it that, considering it was done based on 1.5X the expected hashrate

surprised so many people dont like the 600GH number, that was one of the easier assumptions. BuzzDave has said multiple times in this thread and even their website indicates the chip is capable of 2.5-3GH per, the $8000 kit has the per chip hashrate at only 1.5GH.  At 600GH it's about a 50% increase from the kit description which rates the chip at 2.3GH per - i thought that was a very reasonable assumption.

Or are you guys saying 600 GH is too low and i should increased the hash rate is even higher in the calculation?  

Not clear..

and just how are you going to overclock it with every piece of it at it's limit? liquid nitrogen? voodoo?  Wink
hero member
Activity: 1316
Merit: 503
Someone is sitting in the shade today...
Quote
Where are you getting 600GH from??

From what I understand, the current board design does not lend itself to substantial overclocking. I would not bank on that
in your ROI evaluation.

Apart from the 600GH/s nonsense, this is one of the better ROI evaluations I have encountered recently.

If you can call it that, considering it was done based on 1.5X the expected hashrate

surprised so many people dont like the 600GH number, that was one of the easier assumptions. BuzzDave has said multiple times in this thread and even their website indicates the chip is capable of 2.5-3GH per, the $8000 kit has the per chip hashrate at only 1.5GH.  At 600GH it's about a 50% increase from the kit description which rates the chip at 2.3GH per - i thought that was a very reasonable assumption.

Or are you guys saying 600 GH is too low and i should increased the hash rate even higher in the calculation?  

Not clear..
member
Activity: 106
Merit: 10
Why not 50% pre order payment,  and the remainder when you have a product to ship?   If you do that im in for a couple starter kits....

With many who have already paid in full for preorders, I see it as unlikely that the preorder payment model would be changed now.
hero member
Activity: 504
Merit: 500
Why not 50% pre order payment,  and the remainder when you have a product to ship?   If you do that im in for a couple starter kits....
sr. member
Activity: 434
Merit: 250
I seem to recall Dave mentioning 3% a ways back.
legendary
Activity: 2128
Merit: 1005
ASIC Wannabe
Apart from the 600GH/s nonsense, this is one of the better ROI evaluations I have encountered recently.
If you can call it that, considering it was done based on 1.5X the expected hashrate


ps: do we have any idea how much (or at all) the H-boards can OC? I know we are limited by power, but is there any margin to push it up by 5-10% with little or no change to voltage?
legendary
Activity: 922
Merit: 1003
Apart from the 600GH/s nonsense, this is one of the better ROI evaluations I have encountered recently.
full member
Activity: 213
Merit: 100
From what I understand, the current board design does not lend itself to substantial overclocking. I would not bank on that
in your ROI evaluation.
member
Activity: 117
Merit: 10

People keep pricing the 25gh/s unit at $1300, which it is not. $1300 is for 25gh/s, a master board, and a raspberry pi. just for 1 25gh/s hashing board, it costs $500. Sure you can only buy a 25gh/s starter kit and that is all if you want... but.. this is stupid imo, buy some hashing boards.

yeah, but you need the master board to run the hashing board. How else are you going to get the hash out of a 500 dollar board? You need a starter kit at least

August H-boards were never available for sale.  Only Kits.
So I'm pricing what I ordered.

If Dave offers an option for August customers to buy H-boards, we can talk about $500/board, until then, the cost of 25GH/s in August (?)
is $1400 ($1300+$100 for shipping).

BTW, $500 October(November) board will produce $13 loss by Jul 2014, after which it will mine at loss.

Either this calculator is too aggressive or we are buying a losing proposition.


Here's my latest calculation based on current stats for oct end delivery, very difficult decision either way.  However credit must be given to buzzdave and team on how they handled the retail sales so far, compared to avalon/bfl/terrahash etc..it's night and day. 

1) Assuming a 35% difficulty increase per 2016 block until Nov 1st delivery, this is very reasonable considering the massive amount of hashpower coming online during that time from all the asic hardware delivery from asicminer/bfl and avalon chips etc..not to mention the large farms coming online.

Starting difficulty at Nov 1:  50,000,000 * 1.35 *  1.35 * 1.35 * 1.35 * 1.35 = 224,000,000

2) Assuming btc price remains flat at average ~$110, also a reasonable assumption given the price history for the last few months.

3) Assuming only a 15% difficulty increase per cycle thereafter over the next 12 months from Nov 1 2013 to Nov 1 2014.  I think this is a very conservative estimate given the amount of asic hardware/development coming online, lets just assume best case scenario and things will level off in the next 12 months and averages out at 15% per increase

Profitability decline for 12 months:  0.00948604

4) Putting it all into the final calculator with a starting date of Nov 1st per above: 

Bitcoin Difficulty: 224,000,000
Hardware Cost:  $8000
Hash Rate: 600,000  (600 GH)  - again very reasonable assumption given the per chip hash power stated by buzzdave
Profitability Decline: 0.009
Time Frame: 12 months
USD/BTC: 110 
Ignore all power usage cost etc..

RESULT:  $11345.29,  minus the $8000 hardware cost, ~ $3300 profit over 12 months. 

Of course it is a given if the difficulty per cycle goes up by even 1-2% profit will be wiped and if actual is lower then more profit, same goes for $ per btc etc..

again this is just my best estimate based on reality not some fantasy numbers...

As i said, very tough decision buy or not...

Where are you getting 600GH from??

Overclocking I assume
member
Activity: 76
Merit: 10

People keep pricing the 25gh/s unit at $1300, which it is not. $1300 is for 25gh/s, a master board, and a raspberry pi. just for 1 25gh/s hashing board, it costs $500. Sure you can only buy a 25gh/s starter kit and that is all if you want... but.. this is stupid imo, buy some hashing boards.

yeah, but you need the master board to run the hashing board. How else are you going to get the hash out of a 500 dollar board? You need a starter kit at least

August H-boards were never available for sale.  Only Kits.
So I'm pricing what I ordered.

If Dave offers an option for August customers to buy H-boards, we can talk about $500/board, until then, the cost of 25GH/s in August (?)
is $1400 ($1300+$100 for shipping).

BTW, $500 October(November) board will produce $13 loss by Jul 2014, after which it will mine at loss.

Either this calculator is too aggressive or we are buying a losing proposition.


Here's my latest calculation based on current stats for oct end delivery, very difficult decision either way.  However credit must be given to buzzdave and team on how they handled the retail sales so far, compared to avalon/bfl/terrahash etc..it's night and day. 

1) Assuming a 35% difficulty increase per 2016 block until Nov 1st delivery, this is very reasonable considering the massive amount of hashpower coming online during that time from all the asic hardware delivery from asicminer/bfl and avalon chips etc..not to mention the large farms coming online.

Starting difficulty at Nov 1:  50,000,000 * 1.35 *  1.35 * 1.35 * 1.35 * 1.35 = 224,000,000

2) Assuming btc price remains flat at average ~$110, also a reasonable assumption given the price history for the last few months.

3) Assuming only a 15% difficulty increase per cycle thereafter over the next 12 months from Nov 1 2013 to Nov 1 2014.  I think this is a very conservative estimate given the amount of asic hardware/development coming online, lets just assume best case scenario and things will level off in the next 12 months and averages out at 15% per increase

Profitability decline for 12 months:  0.00948604

4) Putting it all into the final calculator with a starting date of Nov 1st per above: 

Bitcoin Difficulty: 224,000,000
Hardware Cost:  $8000
Hash Rate: 600,000  (600 GH)  - again very reasonable assumption given the per chip hash power stated by buzzdave
Profitability Decline: 0.009
Time Frame: 12 months
USD/BTC: 110 
Ignore all power usage cost etc..

RESULT:  $11345.29,  minus the $8000 hardware cost, ~ $3300 profit over 12 months. 

Of course it is a given if the difficulty per cycle goes up by even 1-2% profit will be wiped and if actual is lower then more profit, same goes for $ per btc etc..

again this is just my best estimate based on reality not some fantasy numbers...

As i said, very tough decision buy or not...

Where are you getting 600GH from??
hero member
Activity: 1316
Merit: 503
Someone is sitting in the shade today...

People keep pricing the 25gh/s unit at $1300, which it is not. $1300 is for 25gh/s, a master board, and a raspberry pi. just for 1 25gh/s hashing board, it costs $500. Sure you can only buy a 25gh/s starter kit and that is all if you want... but.. this is stupid imo, buy some hashing boards.

yeah, but you need the master board to run the hashing board. How else are you going to get the hash out of a 500 dollar board? You need a starter kit at least

August H-boards were never available for sale.  Only Kits.
So I'm pricing what I ordered.

If Dave offers an option for August customers to buy H-boards, we can talk about $500/board, until then, the cost of 25GH/s in August (?)
is $1400 ($1300+$100 for shipping).

BTW, $500 October(November) board will produce $13 loss by Jul 2014, after which it will mine at loss.

Either this calculator is too aggressive or we are buying a losing proposition.


Here's my latest calculation based on current stats for oct end delivery, very difficult decision either way.  However credit must be given to buzzdave and team on how they handled the retail sales so far, compared to avalon/bfl/terrahash etc..it's night and day.  

1) Assuming a 35% difficulty increase per 2016 block until Nov 1st delivery, this is very reasonable considering the massive amount of hashpower coming online during that time from all the asic hardware delivery from asicminer/bfl and avalon chips etc..not to mention the large farms coming online.

Starting difficulty at Nov 1:  50,000,000 * 1.35 *  1.35 * 1.35 * 1.35 * 1.35 = 224,000,000

2) Assuming btc price remains flat at average ~$110, also a reasonable assumption given the price history for the last few months.

3) Assuming only a 15% difficulty increase per cycle thereafter over the next 12 months from Nov 1 2013 to Nov 1 2014.  I think this is a very conservative estimate given the amount of asic hardware/development coming online, lets just assume best case scenario and things will level off in the next 12 months and averages out at 15% per increase

Profitability decline for 12 months:  0.00948604

4) Putting it all into the final calculator with a starting date of Nov 1st per above:  

Bitcoin Difficulty: 224,000,000
Hardware Cost:  $8000
Hash Rate: see below
Profitability Decline: 0.009
Time Frame: 12 months
USD/BTC: 110  
Ignore all power usage cost etc..

RESULT1 using 600GH:  $11345.29,  minus the $8000 hardware cost, ~ $3300 profit over 12 months.  

RESULT2 using 400GH:  $7590.89, minus the $8000 hardware cost, ~$400 loss over 12 months.

Of course it is a given if the difficulty per cycle goes up by even 1-2% profit will be wiped and if actual is lower then more profit, same goes for $ per btc etc..

again this is just my best estimate based on reality not some fantasy numbers...

As i said, very tough decision buy or not...
hero member
Activity: 574
Merit: 501
Yes * 6
He's working on it - nothing to worry about.  October is a long ways away...
sr. member
Activity: 285
Merit: 250
Is everyone else still waiting for Dave to take payment by credit card?
My order is still not paid

hero member
Activity: 539
Merit: 500
I think this has somthing to do with tytus.

Found it... Dr. Leszek Rychlewski and Maciej Kaźmierczyk of the 100TH mine.  Makes sense.

That's Tytus and his company is BioInfoBank.  BIB is behind the BitFury effort, so he put BIB's logo *in* the chip...the mystery is solved!

:Pats self on back:  Amazing what too much coffee, a closeup internet photo of a chip, and google can achieve.   Cheesy
full member
Activity: 139
Merit: 100
August H-boards were never available for sale.  Only Kits.

That's it. If you only ordered a Starter Kit you will need to add H-CARDs in October to get some sort of ROI. A lot of H/s will be added to the network in these two months.
hero member
Activity: 574
Merit: 501
but we *will* lose 3 - 5 days here (and 10's of thousands of $$$)

I noticed Dave said 3-5 days we will lose due to the PCB mishap. But on PicoStocks website for 100TH (https://picostocks.com/docs/index/19), they said that it would cause a 1 month delay for 100TH. Did I miss something?

In order to ship our retail product on time, we are going to use 100TH boards.  This delays the hashpower for 100TH, which is why we doubled the hashpower offering on that project, now to 200TH.


Thanks for updates Dave.
I really do hope some "other" ASIC manufacturers take note on how to properly run business and especially dealing with customers from this thread!

Needs lots more than just +1.  More like +1000000
full member
Activity: 182
Merit: 100
Factory M-boards tested fine, BTW.  These are v1 units and will go out to customers only if I can't get my ver 2.2 M-boards made in time.

Great. Sooner the better ;-)
hero member
Activity: 826
Merit: 500
Crypto Investor ;) @ Farmed Account Hunter
but we *will* lose 3 - 5 days here (and 10's of thousands of $$$)

I noticed Dave said 3-5 days we will lose due to the PCB mishap. But on PicoStocks website for 100TH (https://picostocks.com/docs/index/19), they said that it would cause a 1 month delay for 100TH. Did I miss something?

In order to ship our retail product on time, we are going to use 100TH boards.  This delays the hashpower for 100TH, which is why we doubled the hashpower offering on that project, now to 200TH.


Thanks for updates Dave.
I really do hope some "other" ASIC manufacturers take note on how to properly run business and especially dealing with customers from this thread!
vip
Activity: 472
Merit: 250
Factory M-boards tested fine, BTW.  These are v1 units and will go out to customers only if I can't get my ver 2.2 M-boards made in time.
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