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.
Topic: [Archive] BFL trolling museum - page 135. (Read 69394 times)
Sounds better than the most optimistics predictions I read here on the forum.
Of course these are not ~final numbers~ and they have plenty of time to adapt according to what we are all saying here.
is all I can say. 
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...
Crazy. you will see a huge decrease in AMD's profit margin if these things hit.
I'll be looking forward into purchasing a jalapeno bfl.
Sub'd & bookmarked.
Fantastic answers to my last question.
This strikes me as very odd. You could make a much higher profit margin. Why on earth would you price these this low?
Its not that odd; in fact it makes perfect sense for two reasons:
1) If they intend to accept preorders long before shipping the hardware, these prices will pretty much guarantee a huge backlog before the first asic miner even starts pushing up difficulty in to the stratosphere and people start realizing that $30K per TH may not be such a good move after all. The price is just low enough for people to realize that gpu and fpga mining is dead and enticing those gpu/fpga miners to place an order. Remember, per GH silicon cost is very close to zero.
2) it scares potential competitors. My guess is BFL has at most taped out, but not made the maskset yet. Thats why they got VC money and Im assuming thats recent. So you are looking at ~3-6 months before they have silicon, and probably another 3-6 months before they are ready to ship your first coffee warmer. This is a good time to deter potential competitors.
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...
Don't worry about delivery time the Millenium Butterfly does the ASIC endrun at 0.5 past the THash. 
Thinking the same thang. Seems like they would be awesome but by using these BFL's, how much longer till the last bicoin will be generated?
The difficulty will increase, so it will still follow the same path after the difficulty corrects itself.
To elaborate: a change in network hashing power will not cause a change in the rate of Bitcoin generation. A (roughly) set number of Bitcoins is added to the system per unit time, regardless of network speed. If speed increases, difficulty will increase proportionally.
WTF? Where's mh/j efficiency? I'm going to order 3 of them, if theyre better tha FPGAs in mh/j, with warranty that Bitcoin code will not be changed in future.
They pretty much guaranteed market dominance. Maybe they want these devices sent out to as many people as possible to protect the network sooner from the possibility of interference. With all the venture capital they have received they will want to protect their investment and that means protecting bitcoin.
They would still achieve market dominance if they priced all of those products at 10 times what they announced, and they would make much more money. Regardless of whatever altruistic motives BFL may have, it is and will remain a business.
Protecting the network is a valid goal, but pricing them this low is actually extremely dangerous for the network in the short run. If these predictions and prices are correct, someone could 51% the network with less than half a million USD invested into BFL ASICs. Sure, once they produced and sent out many, difficulty would jump, but initially, someone could purchase a large portion of the first batch and pose a serious threat to the network and consequentially BFL's business.
Again, I simply cannot see why this move makes sense for them...
Quote
3) BitForce SC Mini Rig: a case & rack mount server providing 1 TH/s, priced at $29,899
This strikes me as very odd. You could make a much higher profit margin. Why on earth would you price these this low?
You seem to have delivered, if a bit tardily, so far, but this just leaves me stunned. Pricing this low cannot make any sense for your bottom line.
Well doing some quick math on it option 3 x 1000 units gives you roughly $30M sales now do believe I have seen the figure of $1M for the mask then the chips are dirt cheap so say another $1000 for the box hell even $5000 for the box that would be $5M so $30M-$6M=$24M profit, not bad for a few months work. The real fun begins when the clowns that gobble them up and their bad math that is so popular around here realize them fancy 1TH/s boxes they have all bought just raised the diff 1000x more giving them a whopping return of 1BTC per day from a $30k investment...
I must upgrade or...
Thinking the same thang. Seems like they would be awesome but by using these BFL's, how much longer till the last bicoin will be generated?
The difficulty will increase, so it will still follow the same path after the difficulty corrects itself.
Thinking the same thang. Seems like they would be awesome but by using these BFL's, how much longer till the last bicoin will be generated?
Doesn't matter if the network hash rate gradually diminishes to 10 kh/s or if it suddenly spikes to over 9000 TH/s. The last coin mined will fall on relatively the same date.
Quote
3) BitForce SC Mini Rig: a case & rack mount server providing 1 TH/s, priced at $29,899
This strikes me as very odd. You could make a much higher profit margin. Why on earth would you price these this low?
You seem to have delivered, if a bit tardily, so far, but this just leaves me stunned. Pricing this low cannot make any sense for your bottom line.
Well doing some quick math on it option 3 x 1000 units gives you roughly $30M sales now do believe I have seen the figure of $1M for the mask then the chips are dirt cheap so say another $1000 for the box hell even $5000 for the box that would be $5M so $30M-$6M=$24M profit, not bad for a few months work. The real fun begins when the clowns that gobble them up and their bad math that is so popular around here realize them fancy 1TH/s boxes they have all bought just raised the diff 1000x more giving them a whopping return of 1BTC per day from a $30k investment...
I must upgrade or...
Thinking the same thang. Seems like they would be awesome but by using these BFL's, how much longer till the last bicoin will be generated?
How much more efficient can ASIC's be than FPGA's?
Nowhere close to 5600%.
Quote
1) BitForce SC Jalapeno: a USB powered coffee warmer providing 3.5 GH/s, priced at under $149
1. A USB port can deliver 2.5 Watts.
Perhaps it also plugs into the wall ?
Wouldn't that make it "wall-powered"?
Imagine if the FED took over BFL just as they were about to start shipping, then piped a few million into building their own farm and orphaning the hell out of the block chain.
Can we transfer the Coffee Heater into a bank 
Interesting innovation.
Interesting innovation.
Gh/s is the new kh/s, but probably not for another... 12-15 units of BFL time.
Your off by an order of magnitude Th/s is the new kh/s.
Gh/s is the new kh/s, but probably not for another... 12-15 units of BFL time.
Quote
3) BitForce SC Mini Rig: a case & rack mount server providing 1 TH/s, priced at $29,899
This strikes me as very odd. You could make a much higher profit margin. Why on earth would you price these this low?
You seem to have delivered, if a bit tardily, so far, but this just leaves me stunned. Pricing this low cannot make any sense for your bottom line.
Well doing some quick math on it option 3 x 1000 units gives you roughly $30M sales now do believe I have seen the figure of $1M for the mask then the chips are dirt cheap so say another $1000 for the box hell even $5000 for the box that would be $5M so $30M-$6M=$24M profit, not bad for a few months work. The real fun begins when the clowns that gobble them up and their bad math that is so popular around here realize them fancy 1TH/s boxes they have all bought just raised the diff 1000x more giving them a whopping return of 1BTC per day from a $30k investment...
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