Topic: BFL - The Monarch, Production Update & The 28nm Transfer Program LoLx (Read 7054 times)
BFL are shipping the Monarchs for Christmas as promised , just people didn't realize Christmas 2014
May 12, 2014, 03:57:24 AM
Where oh where are the Monarchs gone? Extinction?
September 02, 2013, 09:49:29 AM
http://mining.thegenesisblock.com/a/04a477c2fa
Never make that money back on this unit... do not pre-order
This post should become its own thread.Code:
Break Even Period: No break-even in first year Total Fixed Costs: $7180
Max Profit: $ Monthly Power Costs: $7.56
Month Difficulty (MM) Time per
Block (days) Monthly Revenue Monthly
Profit Cumulative
Return
Feb-14 1954 162 $636 $628 $(6,550)
Mar-14 3439 285 $361 $354 $(6,200)
Apr-14 6053 502 $205 $198 $(6,000)
May-14 10654 883 $117 $109 $(5,890)
Jun-14 18751 1554 $66 $59 $(5,830)
Jul-14 33002 2734 $38 $30 $(5,800)
Aug-14 58083 4812 $21 $14 $(5,790)
Sep-14 102226 8470 $12 $5 $(5,780)
Oct-14 179917 14906 $7 $-1 $(5,780)
Nov-14 316655 26235 $4 $-4 $(5,790)
Dec-14 557312 46174 $2 $-5 $(5,790)
Jan-15 980869 81267 $1 $-6 $(5,800)
Never make that money back on this unit... do not pre-order
September 02, 2013, 09:19:23 AM
There is a thread discussing Monarch profitability in the speculation section:
https://bitcointalksearch.org/topic/profitability-of-the-new-bfl-monarchs-600ghs-285069
If you pick optimistic numbers... like the exponential growth rate only continues until next February and BFL miraculously delivers on in 2013 (a first), the Monarch would earn 23 BTC in 2014 (and 3 or 4 if you extend this shaky model out to 2015). And that is with linear growth, not exponential growth after Feb 2014. If they deliver on March 1st, it looks like 12 BTC in the remainder of 2013 and again 3 or 4 in 2015).
https://bitcointalksearch.org/topic/profitability-of-the-new-bfl-monarchs-600ghs-285069
If you pick optimistic numbers... like the exponential growth rate only continues until next February and BFL miraculously delivers on in 2013 (a first), the Monarch would earn 23 BTC in 2014 (and 3 or 4 if you extend this shaky model out to 2015). And that is with linear growth, not exponential growth after Feb 2014. If they deliver on March 1st, it looks like 12 BTC in the remainder of 2013 and again 3 or 4 in 2015).
September 02, 2013, 09:09:37 AM
http://mining.thegenesisblock.com/a/04a477c2fa
Never make that money back on this unit... do not pre-order
This post should become its own thread.Code:
Break Even Period: No break-even in first year Total Fixed Costs: $7180
Max Profit: $ Monthly Power Costs: $7.56
Month Difficulty (MM) Time per
Block (days) Monthly Revenue Monthly
Profit Cumulative
Return
Feb-14 1954 162 $636 $628 $(6,550)
Mar-14 3439 285 $361 $354 $(6,200)
Apr-14 6053 502 $205 $198 $(6,000)
May-14 10654 883 $117 $109 $(5,890)
Jun-14 18751 1554 $66 $59 $(5,830)
Jul-14 33002 2734 $38 $30 $(5,800)
Aug-14 58083 4812 $21 $14 $(5,790)
Sep-14 102226 8470 $12 $5 $(5,780)
Oct-14 179917 14906 $7 $-1 $(5,780)
Nov-14 316655 26235 $4 $-4 $(5,790)
Dec-14 557312 46174 $2 $-5 $(5,790)
Jan-15 980869 81267 $1 $-6 $(5,800)
Never make that money back on this unit... do not pre-order
September 02, 2013, 08:53:20 AM
http://mining.thegenesisblock.com/a/04a477c2fa
Never make that money back on this unit... do not pre-order
This post should become its own thread. Code:
Break Even Period: No break-even in first year Total Fixed Costs: $7180
Max Profit: $ Monthly Power Costs: $7.56
Month Difficulty (MM) Time per
Block (days) Monthly Revenue Monthly
Profit Cumulative
Return
Feb-14 1954 162 $636 $628 $(6,550)
Mar-14 3439 285 $361 $354 $(6,200)
Apr-14 6053 502 $205 $198 $(6,000)
May-14 10654 883 $117 $109 $(5,890)
Jun-14 18751 1554 $66 $59 $(5,830)
Jul-14 33002 2734 $38 $30 $(5,800)
Aug-14 58083 4812 $21 $14 $(5,790)
Sep-14 102226 8470 $12 $5 $(5,780)
Oct-14 179917 14906 $7 $-1 $(5,780)
Nov-14 316655 26235 $4 $-4 $(5,790)
Dec-14 557312 46174 $2 $-5 $(5,790)
Jan-15 980869 81267 $1 $-6 $(5,800)
Never make that money back on this unit... do not pre-order
August 31, 2013, 09:56:19 AM
I really like this calculator http://btcinvest.net/bitcoin-mining-profit-calculator.php. It seems better than the genesis block, just simply due to the fact that you can slow the rate of increase over time. It also calculates based on each difficulty jump, rather than a standard monthly rate of increase. It is still not 100% accurate, but it is better than the genesis block mining calculator.
Thanks CC... will add that to my collection.
August 31, 2013, 07:32:24 AM
I don't think anyone should buy it either but showing a projection at just short of 1 exahash in Jan 2015 is just silly. With free hardware and 0.5 J/GH you would lose money mining at that difficulty.
I agree. You should make a realistic growth rate at that level and work backward, kind of like: http://mining.thegenesisblock.com/a/8ef786093d You'd get a much clearer picture than expecting every miner on the planet to have 1PH by Dec 2014. 
August 31, 2013, 07:15:42 AM
I really like this calculator http://btcinvest.net/bitcoin-mining-profit-calculator.php. It seems better than the genesis block, just simply due to the fact that you can slow the rate of increase over time. It also calculates based on each difficulty jump, rather than a standard monthly rate of increase. It is still not 100% accurate, but it is better than the genesis block mining calculator.
August 30, 2013, 11:18:59 PM
I don't think anyone should buy it either but showing a projection at just short of 1 exahash in Jan 2015 is just silly. With free hardware and 0.5 J/GH you would lose money mining at that difficulty.
Yup... our friends at genesis block need to shore up that metric... or use something more inline with your electricity break even metric.
Either way. The hardware required to hook up these PCIe cards is going to be very expensive and inefficient compared to other systems and the power at the wall is going to be much higher than 350W.
August 30, 2013, 10:44:58 PM
I don't think anyone should buy it either but showing a projection at just short of 1 exahash in Jan 2015 is just silly. With free hardware and 0.5 J/GH you would lose money mining at that difficulty.
August 30, 2013, 10:41:59 PM
http://mining.thegenesisblock.com/a/04a477c2fa
Never make that money back on this unit... do not pre-order
Code:
Break Even Period: No break-even in first year Total Fixed Costs: $7180
Max Profit: $ Monthly Power Costs: $7.56
Month Difficulty (MM) Time per
Block (days) Monthly Revenue Monthly
Profit Cumulative
Return
Feb-14 1954 162 $636 $628 $(6,550)
Mar-14 3439 285 $361 $354 $(6,200)
Apr-14 6053 502 $205 $198 $(6,000)
May-14 10654 883 $117 $109 $(5,890)
Jun-14 18751 1554 $66 $59 $(5,830)
Jul-14 33002 2734 $38 $30 $(5,800)
Aug-14 58083 4812 $21 $14 $(5,790)
Sep-14 102226 8470 $12 $5 $(5,780)
Oct-14 179917 14906 $7 $-1 $(5,780)
Nov-14 316655 26235 $4 $-4 $(5,790)
Dec-14 557312 46174 $2 $-5 $(5,790)
Jan-15 980869 81267 $1 $-6 $(5,800)
Never make that money back on this unit... do not pre-order
August 30, 2013, 08:16:01 AM
Another fucking thread, WHY
August 30, 2013, 07:05:49 AM
i smell pizza..... 
August 30, 2013, 06:55:24 AM
Quote
"wreak havok on the lives of the persons mentioned"
August 30, 2013, 06:53:36 AM
This needs to be moved to another area like the VAPORWARE section.
August 30, 2013, 04:45:12 AM
LOL how can they call it a 10% restocking fee for a pre-order that you never received.
They are going to take your product that does not yet exist, put it back onto the shelf that it never came off of, and charge you a quite reasonable 10% for the heavy lifting and logistics involved.
They are going to take your product that does not yet exist, put it back onto the shelf that it never came off of, and charge you a quite reasonable 10% for the heavy lifting and logistics involved.
August 30, 2013, 04:14:20 AM
They do ship. I have a jalapeno.
They can't ship what they haven't even designed. This is vaporware there is just a hope and prayer by BFL to sucker more money out of people. Nothing. Zero. You might want to read BFL forums for more posts like these. Very possible this is the worst investment into bitcoin mining hardware you can make at the moment given what you are able to read right in the BFL forums. You have been warned.
https://forums.butterflylabs.com/jalapeno-single-sc-support/4603-refund-requested.html
Quote
08-29-2013, 11:05 PM #1
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Red face Refund Requested
Well I requested my refund last week. I received notification from Jody at BFL today stating that they will not refund my order in direct contradiction to the FTC 30 Day Policy. they continue to believe that as long as they are shipping we do not deserve a refund. So the Warrant of Debt will be filed for $25,000 tomorrow.
Some of the research that my lawyer did shows that the companies legal documentation for their corporation is delinquent. To him this indicates that the company likely realizes there is a problem and may be preparing for bankruptcy. Obviously this is speculation, but gives concern that they may feel lawsuits will take longer than they will be in business.
I'll let you all know how the process proceeds. I was patient waiting for the device, but am not longer. I'll turn my patients towards the legal process. If they stay in business, and I hope they do, it will cost them. I look forward to our day in court. It would have been so much easier to pay the $4,048 cost. Instead I have plenty in store.
mjc mjc is offline
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Red face Refund Requested
Well I requested my refund last week. I received notification from Jody at BFL today stating that they will not refund my order in direct contradiction to the FTC 30 Day Policy. they continue to believe that as long as they are shipping we do not deserve a refund. So the Warrant of Debt will be filed for $25,000 tomorrow.
Some of the research that my lawyer did shows that the companies legal documentation for their corporation is delinquent. To him this indicates that the company likely realizes there is a problem and may be preparing for bankruptcy. Obviously this is speculation, but gives concern that they may feel lawsuits will take longer than they will be in business.
I'll let you all know how the process proceeds. I was patient waiting for the device, but am not longer. I'll turn my patients towards the legal process. If they stay in business, and I hope they do, it will cost them. I look forward to our day in court. It would have been so much easier to pay the $4,048 cost. Instead I have plenty in store.
August 30, 2013, 03:09:51 AM
They do ship. I have a jalapeno.
August 30, 2013, 03:08:19 AM
This needs to be moved to another area like the VAPORWARE section.
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