Anyway, if they've got venture capital funding now, they shouldn't need to use money from preorders to build the machines, right?
Topic: [Archive] BFL trolling museum - page 132. (Read 69394 times)
It would be nice if they would hold off taking orders until they've got a product that's ready to ship. I think it's still likely that they'd be able to sell and ship everything they can manufacture right away, even without preorders. And that would save people from tying up their money for months on a preorder. And probably prevent a lot of complaining here.
Anyway, if they've got venture capital funding now, they shouldn't need to use money from preorders to build the machines, right?
Anyway, if they've got venture capital funding now, they shouldn't need to use money from preorders to build the machines, right?
PRWeb will publish any crap that is sent there (been there, done that). I'd just take this as 100% FUD until their own website clearly states the numbers and their rep on the forum confirms.
What comes to hardware, I have reason to believe this will be Altera IV hardcopy. And no way it's going to be powered by USB only. Huge upfront costs too, so they need to sell a lot of those singles and mini rigs. I beginning to think BFL's business conduct is downright outrageous. They are using FUD to scare miners into buying their equipment to get a monopoly of BTC mining. This development can kill bitcoin unless the developers will make a clear stance on this (ie. algo change or not). I have an idea I'm working on to counter this situation, stay tuned.
What comes to hardware, I have reason to believe this will be Altera IV hardcopy. And no way it's going to be powered by USB only. Huge upfront costs too, so they need to sell a lot of those singles and mini rigs. I beginning to think BFL's business conduct is downright outrageous. They are using FUD to scare miners into buying their equipment to get a monopoly of BTC mining. This development can kill bitcoin unless the developers will make a clear stance on this (ie. algo change or not). I have an idea I'm working on to counter this situation, stay tuned.
I don't know altera or not, but their website says:
The BitForce SC processor is the result of our long term development of a multipurpose SHA256 hashing engine in full custom ASIC
1. How can it be multipurpose if it is ASIC ?
2. We heard about custom ASIC in their original BFL Single.
What is longterm? BFL had their first products out sometime end of last year/beginning this year.
Is 6months a longterm established development company where they are from? Boggles my mind.
PRWeb will publish any crap that is sent there (been there, done that). I'd just take this as 100% FUD until their own website clearly states the numbers and their rep on the forum confirms.
What comes to hardware, I have reason to believe this will be Altera IV hardcopy. And no way it's going to be powered by USB only. Huge upfront costs too, so they need to sell a lot of those singles and mini rigs. I beginning to think BFL's business conduct is downright outrageous. They are using FUD to scare miners into buying their equipment to get a monopoly of BTC mining. This development can kill bitcoin unless the developers will make a clear stance on this (ie. algo change or not). I have an idea I'm working on to counter this situation, stay tuned.
What comes to hardware, I have reason to believe this will be Altera IV hardcopy. And no way it's going to be powered by USB only. Huge upfront costs too, so they need to sell a lot of those singles and mini rigs. I beginning to think BFL's business conduct is downright outrageous. They are using FUD to scare miners into buying their equipment to get a monopoly of BTC mining. This development can kill bitcoin unless the developers will make a clear stance on this (ie. algo change or not). I have an idea I'm working on to counter this situation, stay tuned.
I don't know altera or not, but their website says:
The BitForce SC processor is the result of our long term development of a multipurpose SHA256 hashing engine in full custom ASIC
1. How can it be multipurpose if it is ASIC ?
2. We heard about custom ASIC in their original BFL Single.
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3) BitForce SC Mini Rig: a case & rack mount server providing 1 TH/s, priced at $29,899
Something's not right with these equations unless the profit margins are ridiculously large...
Well.. thats not completely correct... i think they do mine, but there is no point in incresing the difficulty for them!
So its much more profitable to sell hundred of those rigs, and when the difficulty rises again, people will buy even morefrom them..
so this way its much more profitable...
With mining they can make a absolute max (at the current price) of some small X% of the whole network.
What is X?
Well the issues are:
1) You can't make 100% - if one source makes 100% well that's OBVIOUSLY the end of BTC - I'd even suggest that 50% would be (nothing to do with the 51% issue)
2) How much can you mine and sell without killing the market?
I'd suggest that X is not even 10%
So assuming that 10% is even possible, your talking $790K in 6 months on some rather risky venture at trying to take a good portion of the BTC network without killing it.
Or they could sell hundreds or even thousands of these devices and get the money up front even before giving anyone anything and have that guaranteed up front profit.
So ... which one makes business sense?
PRWeb will publish any crap that is sent there (been there, done that). I'd just take this as 100% FUD until their own website clearly states the numbers and their rep on the forum confirms.
What comes to hardware, I have reason to believe this will be Altera IV hardcopy. And no way it's going to be powered by USB only. Huge upfront costs too, so they need to sell a lot of those singles and mini rigs. I beginning to think BFL's business conduct is downright outrageous. They are using FUD to scare miners into buying their equipment to get a monopoly of BTC mining. This development can kill bitcoin unless the developers will make a clear stance on this (ie. algo change or not). I have an idea I'm working on to counter this situation, stay tuned.
What comes to hardware, I have reason to believe this will be Altera IV hardcopy. And no way it's going to be powered by USB only. Huge upfront costs too, so they need to sell a lot of those singles and mini rigs. I beginning to think BFL's business conduct is downright outrageous. They are using FUD to scare miners into buying their equipment to get a monopoly of BTC mining. This development can kill bitcoin unless the developers will make a clear stance on this (ie. algo change or not). I have an idea I'm working on to counter this situation, stay tuned.
Quote
Butterfly Labs (BF Labs Inc.), a market leader in microprocessor design
Lookout AMD and Intel, there's a new player in the house!
Great way to get more preorders BFL by publishing absolute bullshit stats/price on your next products.
Coffeecup warmer at 3-5GH(thats a huge gap, so what is it? or did you thumbsuck the shit out of this) for $149 ? whatever, I expect 12-14weeks from now alot of pissed of people who havnt received jackshit.
Coffeecup warmer at 3-5GH(thats a huge gap, so what is it? or did you thumbsuck the shit out of this) for $149 ? whatever, I expect 12-14weeks from now alot of pissed of people who havnt received jackshit.
+1
Great way to get more preorders BFL by publishing absolute bullshit stats/price on your next products.
Coffeecup warmer at 3-5GH(thats a huge gap, so what is it? or did you thumbsuck the shit out of this) for $149 ? whatever, I expect 12-14weeks from now alot of pissed of people who havnt received jackshit.
Coffeecup warmer at 3-5GH(thats a huge gap, so what is it? or did you thumbsuck the shit out of this) for $149 ? whatever, I expect 12-14weeks from now alot of pissed of people who havnt received jackshit.
It is 3.5 not 3-5...
Great way to get more preorders BFL by publishing absolute bullshit stats/price on your next products.
Coffeecup warmer at 3-5GH(thats a huge gap, so what is it? or did you thumbsuck the shit out of this) for $149 ? whatever, I expect 12-14weeks from now alot of pissed of people who havnt received jackshit.
Coffeecup warmer at 3-5GH(thats a huge gap, so what is it? or did you thumbsuck the shit out of this) for $149 ? whatever, I expect 12-14weeks from now alot of pissed of people who havnt received jackshit.
I'd take this with a grain of salt right now. The electricity efficiencies are insane. The prices make absolutely no sense. For all we know, BFL forum account could have been hijacked and the press release forged. I'm not going to believe any of this until there is real data and real products.
Quote
3) BitForce SC Mini Rig: a case & rack mount server providing 1 TH/s, priced at $29,899
Something's not right with these equations unless the profit margins are ridiculously large...
Well.. thats not completely correct... i think they do mine, but there is no point in incresing the difficulty for them!
So its much more profitable to sell hundred of those rigs, and when the difficulty rises again, people will buy even morefrom them..
so this way its much more profitable...
Just wait that AMD will add that "usb warmer" chip into newest GPUs
Not really, as AMD really don't care about mining since it's only a tiny proportion of their sales. If they cared they could produce a product that would blow everyone out of the water, as could intel or nvidia. Bitcoin mining doesn't even register on their radar.
Exciting and frightening all at once 
Quote
3) BitForce SC Mini Rig: a case & rack mount server providing 1 TH/s, priced at $29,899
Something's not right with these equations unless the profit margins are ridiculously large...
As P4man have researched at 130nm is possible to achieve 395MH/W. They saying somwhere around 1500MH/W. So, what process they use? 40nm ? I doubt it. You have to order very large quantity in some fab before they even consider to produce them. It's huge demand on that.
I think that they underestimated power consumption. AGAIN...
And that price... I can understand to be competitive to competition. But killing own products? That should be priced at 1999$ for smallest miner.
Just wait that AMD will add that "usb warmer" chip into newest GPUs
Quote
3) BitForce SC Mini Rig: a case & rack mount server providing 1 TH/s, priced at $29,899
Something's not right with these equations unless the profit margins are ridiculously large...
Exciting times lay ahead of us.
Who wants to create a fund to short AMD on the stock exchange ?
AMD isnt going to be impacted. The entire bitcoin network consists of like ~20-30K AMD cards, most of them obsolete. AMD sells millions of cards each year, the overall AIB market is ~50 million cards per year. Granted, only a small % of those are highend cards, but this is still not something thats going to impact amd in any meaningful way.
I still want to short them though, but for completely different reasons.
Kind of not true .... Missusing AMDs cards for mining is just a small percentage (if so) of AMDs profits. Main profitable region is desktop market and then gaming.
€: sry didn't read what u wrote
Damn it ! I almost crapped my pants when I read the announcement. No more mining for me after block reward halves. Sorry folks.
Now for some FUNZ :
Same idea I had. Why not start a mining bond and pwn all the noobs like GIGAMINING ?
Here's another interesting release on the same legitimate news sites:
http://news.yahoo.com/leading-sha256-hardware-manufacturer-acquires-venture-capital-funding-081026668.html
http://www.prweb.com/releases/2012/6/prweb9611938.htm
LOVE seeing butthurt FPGA developers crying. I always said it : FPGA is a joke for mining. Even if you pay it off it is worth $0 afterwards so you barely even break even.
Same thing. Love seeing them getting shafted and coming here whining like a child.
FPGA manufacturers crying their useless junk is dying out. Go sell some for financial analysis and Monte Carlo
For the record if this happens ( and it will, simply because people are stupid ) I will never buy a FPGA or ASIC simply because it is not profitable in any way if you take the time to think about it properly. I will quit mining. GPU or nothing for me. FPGA / ASIC is too much risk. Better buy BTC outright if you have faith but I don't. Most will lose money on this like P4man rightly said. Love seeing fools get robbed. I bet gigavps will be rushing to BFL : "take my $$$ now !!!"
I always said FPGA is useless for anything. Good to see you getting shafted with your lovely SPARTANS !!!
In the end, I think this is a setup / framed situation to take BTC out by the government using stupid miners but what do I know ... I bet these chips have some remote 51% switch once they all shipped out and warming my bottom.
Now for some FUNZ :
The smartest move would be to buy shares in BFL
Same idea I had. Why not start a mining bond and pwn all the noobs like GIGAMINING ?
I'm torn between the fact that it's on a legitimate news site
Here's another interesting release on the same legitimate news sites:
http://news.yahoo.com/leading-sha256-hardware-manufacturer-acquires-venture-capital-funding-081026668.html
http://www.prweb.com/releases/2012/6/prweb9611938.htm
LOVE seeing butthurt FPGA developers crying. I always said it : FPGA is a joke for mining. Even if you pay it off it is worth $0 afterwards so you barely even break even.
As I am something of veteran of press releases I will make a few observations that are odd for press releases.
The first is there is no expected date for products. It's usual to give customers some expectational of when it might be available.
The next observation is it doesn't even give the full name of who released it and even quoted in it. Again something that is normal to do.
Thirdly when VCs are involved it is usual to release who they are and how much they put in.
Now you might also say that I am being self centred on our business interests or even paranoid but the pricing they claim is probably unsustainable even in full ASIC. I could also be wrong about the market size and it might be sustainable. Now you might read think they are doing this to destroy competition and they probably will if their claimed prices and performance are achieved in a reasonable timescale. After the competition is destroyed well prices might then go up an awful lot. That's on the few reasons I can see that they would price this way. Even if they could make them cheap why sell them cheap. They could sell at the same price as us and still win big time and achieve the same.
A more paranoid reason might be a backdoor way to destroy the Bitcoin. I am sure that there are many governmental organisations that might what to achieve this. So being a VC with a relatively cheap investment of maybe a few million dollars would achieve this. It would reveal incomes of tax value much higher than investment andthere are plenty of other reasons as well for them to do that. Of course if it went wrong it's just a private company that did this.
Yohan
The first is there is no expected date for products. It's usual to give customers some expectational of when it might be available.
The next observation is it doesn't even give the full name of who released it and even quoted in it. Again something that is normal to do.
Thirdly when VCs are involved it is usual to release who they are and how much they put in.
Now you might also say that I am being self centred on our business interests or even paranoid but the pricing they claim is probably unsustainable even in full ASIC. I could also be wrong about the market size and it might be sustainable. Now you might read think they are doing this to destroy competition and they probably will if their claimed prices and performance are achieved in a reasonable timescale. After the competition is destroyed well prices might then go up an awful lot. That's on the few reasons I can see that they would price this way. Even if they could make them cheap why sell them cheap. They could sell at the same price as us and still win big time and achieve the same.
A more paranoid reason might be a backdoor way to destroy the Bitcoin. I am sure that there are many governmental organisations that might what to achieve this. So being a VC with a relatively cheap investment of maybe a few million dollars would achieve this. It would reveal incomes of tax value much higher than investment andthere are plenty of other reasons as well for them to do that. Of course if it went wrong it's just a private company that did this.
Yohan
Same thing. Love seeing them getting shafted and coming here whining like a child.
FPGA manufacturers crying their useless junk is dying out. Go sell some for financial analysis and Monte Carlo
well.. its only an announcment of how likely its going to cost and how much gh's its gonna give...
maybe in the end its going to be something completely different...
because 3.5gh for hundred bucks is a stupid thing to do...
or maybe what they want to do, is that everybody who mined on gpus.. and didnt want to do anything with bfl's... will have to go their way... or just quit this btc business...
maybe in the end its going to be something completely different...
because 3.5gh for hundred bucks is a stupid thing to do...
or maybe what they want to do, is that everybody who mined on gpus.. and didnt want to do anything with bfl's... will have to go their way... or just quit this btc business...
For the record if this happens ( and it will, simply because people are stupid ) I will never buy a FPGA or ASIC simply because it is not profitable in any way if you take the time to think about it properly. I will quit mining. GPU or nothing for me. FPGA / ASIC is too much risk. Better buy BTC outright if you have faith but I don't. Most will lose money on this like P4man rightly said. Love seeing fools get robbed. I bet gigavps will be rushing to BFL : "take my $$$ now !!!"
I just can not believe this. GPUs are useless, FPGAs are useless before they give me positive ROI.
All the money invested in mining HW will go to BFL. This is a dangerous situation.
All the money invested in mining HW will go to BFL. This is a dangerous situation.
I always said FPGA is useless for anything. Good to see you getting shafted with your lovely SPARTANS !!!
In the end, I think this is a setup / framed situation to take BTC out by the government using stupid miners but what do I know ... I bet these chips have some remote 51% switch once they all shipped out and warming my bottom.
This "returning your fpga Single for a refund" crap is just an excuse to fill out remaining single preorders 
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