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Topic: [Archive] BFL trolling museum - page 133. (Read 69394 times)

hero member
Activity: 518
Merit: 500
June 16, 2012, 04:32:42 AM
#89
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.
legendary
Activity: 1022
Merit: 1000
BitMinter
June 16, 2012, 04:29:16 AM
#88
It doesn't matter to me. Sending them back cost me more than what their entry products cost.

But as I understand it, you wouldnt get the entry product, but the price equivalent of what you have now. IOW, if you would send in two FPGA singles you should get ~1 SC single @40GH. I dont see why you wouldnt take a (nearly) free ~25 fold increase in hashrate. It may be a band-aid on a wooden leg, but better than nothing and Id be surprised if it wouldnt at least cover shipping fees.


It's too early to be worried about for me. Let's wait and see Wink
hero member
Activity: 686
Merit: 500
Wat
June 16, 2012, 04:25:07 AM
#87
If they can really ship this it will have drastic effects on the economy as a whole, I wonder what the bitcoin landscape will look like in a year.

hero member
Activity: 686
Merit: 500
Wat
June 16, 2012, 04:23:19 AM
#86
Who wants to create a fund to short AMD on the stock exchange ?
hero member
Activity: 518
Merit: 500
June 16, 2012, 04:22:47 AM
#85
It doesn't matter to me. Sending them back cost me more than what their entry products cost.

But as I understand it, you wouldnt get the entry product, but the price equivalent of what you have now. IOW, if you would send in two FPGA singles you should get ~1 SC single @40GH. I dont see why you wouldnt take a (nearly) free ~25 fold increase in hashrate. It may be a band-aid on a wooden leg, but better than nothing and Id be surprised if it wouldnt at least cover shipping fees.


legendary
Activity: 1064
Merit: 1000
June 16, 2012, 04:14:36 AM
#84
Now back to some thought on the reality of BTC.

On average 7,200 BTC is generated every day (that wont change ... until it halves)

At $6 that's $43,200 a day.

for 6 months, that's $7.9Mil

Now I don't know what anyone else thinks, but that's not a lot of money ... but that is the total at the current price that EVERYONE will get.
Yet I wonder how much people will be investing in these many different ASIC options ...

Remember 3 things:
1) Your investment now may be overshadowed by hardware in 6 months
2) In 6 months (well actually a bit less) BTC per block will halve
3) The easiest way to kill ASIC is to have to change the double sha256 due to some problem found with it ........ Cheesy

is there really a need for such performance right now? maybe in 2 years, or when the block reward strikes again to 12,5  with a bigger economy and lots of tnxs going on.
hero member
Activity: 535
Merit: 500
June 16, 2012, 04:13:30 AM
#83
Now back to some thought on the reality of BTC.

On average 7,200 BTC is generated every day (that wont change ... until it halves)

At $6 that's $43,200 a day.

for 6 months, that's $7.9Mil

Now I don't know what anyone else thinks, but that's not a lot of money ... but that is the total at the current price that EVERYONE will get.
Yet I wonder how much people will be investing in these many different ASIC options ...

Remember 3 things:
1) Your investment now may be overshadowed by hardware in 6 months
2) In 6 months (well actually a bit less) BTC per block will halve
3) The easiest way to kill ASIC is to have to change the double sha256 due to some problem found with it ........ Cheesy

Is the choice of sha256 likely to change? Is it even possible and still continue with the current blockchain?
Time will tell, but its possible.
legendary
Activity: 1022
Merit: 1000
BitMinter
June 16, 2012, 04:12:58 AM
#82
You'd be nuts not to. Have you calculated what your singles or mini rigs will earn you once difficulty reaches 10 or 100 million ?

It doesn't matter to me. Sending them back cost me more than what their entry products cost. For me Bitcoin was never about making a big profit. It's the idea I support. My dayjob pays me enough for a nice life here.
hero member
Activity: 535
Merit: 500
June 16, 2012, 04:11:20 AM
#81
Now back to some thought on the reality of BTC.

On average 7,200 BTC is generated every day (that wont change ... until it halves)

At $6 that's $43,200 a day.

for 6 months, that's $7.9Mil

Now I don't know what anyone else thinks, but that's not a lot of money ... but that is the total at the current price that EVERYONE will get.
Yet I wonder how much people will be investing in these many different ASIC options ...

Remember 3 things:
1) Your investment now may be overshadowed by hardware in 6 months
2) In 6 months (well actually a bit less) BTC per block will halve
3) The easiest way to kill ASIC is to have to change the double sha256 due to some problem found with it ........ Cheesy
Totally agree.
donator
Activity: 2058
Merit: 1007
Poor impulse control.
June 16, 2012, 04:09:26 AM
#80
Now back to some thought on the reality of BTC.

On average 7,200 BTC is generated every day (that wont change ... until it halves)

At $6 that's $43,200 a day.

for 6 months, that's $7.9Mil

Now I don't know what anyone else thinks, but that's not a lot of money ... but that is the total at the current price that EVERYONE will get.
Yet I wonder how much people will be investing in these many different ASIC options ...

Remember 3 things:
1) Your investment now may be overshadowed by hardware in 6 months
2) In 6 months (well actually a bit less) BTC per block will halve
3) The easiest way to kill ASIC is to have to change the double sha256 due to some problem found with it ........ Cheesy

Is the choice of sha256 likely to change? Is it even possible and still continue with the current blockchain?
legendary
Activity: 4592
Merit: 1851
Linux since 1997 RedHat 4
June 16, 2012, 04:02:32 AM
#79
Now back to some thought on the reality of BTC.

On average 7,200 BTC is generated every day (that wont change ... until it halves)

At $6 that's $43,200 a day.

for 6 months, that's $7.9Mil

Now I don't know what anyone else thinks, but that's not a lot of money ... but that is the total at the current price that EVERYONE will get.
Yet I wonder how much people will be investing in these many different ASIC options ...

Remember 3 things:
1) Your investment now may be overshadowed by hardware in 6 months
2) In 6 months (well actually a bit less) BTC per block will halve
3) The easiest way to kill ASIC is to have to change the double sha256 due to some problem found with it ........ Cheesy
legendary
Activity: 4592
Merit: 1851
Linux since 1997 RedHat 4
June 16, 2012, 03:54:47 AM
#78
Just a little food for thought,I x3 the current diff.Still doable with 22 gh:

http://i63.photobucket.com/albums/h148/Bigblock462/Wow2.png

I'm sure it'll be a bit more like x6 or more,but.......................

What about power consumption?HuhHuhHuh?
Use mine in my sig.
Though it works based on using a pool, the numbers for "Your Mh/s:" is what matters and you can leave the pool at 1TH as the default.
Entering the numbers below will give you a reasonable answer (at the very bottom) for how much per day/week/month

You need:
 "Your Mh/s:"
 "BTC Price$ you think you can get:"
 "Average Watt reading for your rig(s):"
 "Average Price$ you pay per kWh:"

In case you can't see my sig Smiley
http://tradebtc.net/bitcalc.php
hero member
Activity: 518
Merit: 500
June 16, 2012, 03:54:33 AM
#77
They told too many lies in the past. It just sounds too good to be true.

Not really. Ive said this so often and long before this announcement: people dont and wont fully realize the impact asics will have.

These prices look good NOW, until you do the math with difficulty going up 10x, 100x or more. For the record, difficulty went up 10000x over the past two years, and that was with off the shelve hardware who's price is mostly independent of bitcoin price/difficulty (AMD or xilinx dont adjust prices when difficulty goes up, nor can they charge 10000% gross margins just because miner would pay it). But a dedicated bitcoin asic will be priced almost purely by btc price/difficulty so expect its price to go down by orders of magnitude while price/difficulty goes up by orders of magnitude.

6 months after BFL started shipping their asics, the above prices will look like a terrible investment.

Quote
Even if they can deliver, I'm not going to trade in my existing hardware.

You'd be nuts not to. Have you calculated what your singles or mini rigs will earn you once difficulty reaches 10 or 100 million ?

Quote
In the meantime, mine what you can !

No arguing that Smiley
hero member
Activity: 938
Merit: 1000
June 16, 2012, 03:54:20 AM
#76
If they can really ship this it will have drastic effects on the economy as a whole, I wonder what the bitcoin landscape will look like in a year.
donator
Activity: 2058
Merit: 1007
Poor impulse control.
June 16, 2012, 03:53:33 AM
#75
If you can get an asic chip in a mug warmer what other usb devices could you create that use this? Usb foot warmers ?

Eventually they'll be advertising the things as whatever warmers and mining coins in the background Grin

Buying something that warms your lap - $200
Realising your cat does the same thing - priceless  Cheesy

I'll buy a 3GHps cat for $200.
sr. member
Activity: 462
Merit: 250
I heart thebaron
June 16, 2012, 03:52:57 AM
#74
BFL *did* say at some point that they'd do trade-ins of singles for ASICs, right? Any details on how exactly that will work?

Of course not, but I really hope we get priority over formal orders

I am sure you will, but not only will you be required to have to pay up front for 10+ week (month?) delivery times, but will have to send your Single in right away as well, so that BFL can use it to mine on for the 10 + weeks that it takes to deliver your ASIC...
hero member
Activity: 686
Merit: 500
Wat
June 16, 2012, 03:51:00 AM
#73
If you can get an asic chip in a mug warmer what other usb devices could you create that use this? Usb foot warmers ?

Eventually they'll be advertising the things as whatever warmers and mining coins in the background Grin

Buying something that warms your lap - $200
Realising your cat does the same thing - priceless  Cheesy
legendary
Activity: 938
Merit: 1000
What's a GPU?
June 16, 2012, 03:47:13 AM
#72
If you can get an asic chip in a mug warmer what other usb devices could you create that use this? Usb foot warmers ?

Eventually they'll be advertising the things as whatever warmers and mining coins in the background Grin
hero member
Activity: 686
Merit: 500
Wat
June 16, 2012, 03:44:11 AM
#71
If you can get an asic chip in a mug warmer what other usb devices could you create that use this? Usb foot warmers ?
legendary
Activity: 1022
Merit: 1000
BitMinter
June 16, 2012, 03:42:57 AM
#70
They told too many lies in the past. It just sounds too good to be true. Even if they can deliver, I'm not going to trade in my existing hardware. In the meantime, mine what you can !
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