Topic: Butterfly Labs - Bitforce Single and Mini Rig Box - page 61. (Read 186929 times)
Well, in women's defense I'll say that many of the attitudes that drive men crazy are biologically driven. Women are wired to seek safety and security in their relationships. This makes sense since they're basically helpless (think 40,000 years ago) when they have young children and need someone to protect them and their kids. In modern society money=security.
I would never let girlfriend/wife interfere with my business investments, if i see something is going to bring X % ROI annually, all she'd need to know is that it's going to bring the bacon on table.
Lots of american men are pussies when it comes to their women. The men bring in all the money yet still let their bitches tell them what to do with the money. Can you believe that?American women are spoiled (and usually fat) cunts.
hahahaha this is funny. I guess some of you guys must live with your girlfriends, cause they have a lot more say than mine does. I dont live with mine and I dont really let her tell me what I can and cant do with my own money in my own house. She got mad at me for buying some guns, so I just kept buying them when I wanted and she got over it. As far as bitcoins go, she also gets a glazed look in her eyes and lets me do my thing. I've got a good woman I think.
If they're starting on the next rev, maybe they won't have to cut holes in the bottom anymore:
"Single Revision 3"
https://bitcointalksearch.org/topic/single-revision-3-68093
I only ordered 2 to start with, but I'm hoping to get more later after I have a chance to test them out.
I'd feel more comfortable ordering larger quantities if they had them in stock, or even if I was confident they would really ship them within 4-6 weeks.
"Single Revision 3"
https://bitcointalksearch.org/topic/single-revision-3-68093
I only ordered 2 to start with, but I'm hoping to get more later after I have a chance to test them out.
I'd feel more comfortable ordering larger quantities if they had them in stock, or even if I was confident they would really ship them within 4-6 weeks.
Oh, they are probably all busy cutting big holes in the bottom of the enclosures and mounting the 2nd fan.
Well that old lady might not be super-fast at doing that to thousands of them 
(sorry couldn't help myself)
Oh, they are probably all busy cutting big holes in the bottom of the enclosures and mounting the 2nd fan.
I'm still waiting on a reply back from them.
How long does it take to get the email ( I'm wanting to pay by Dwolla )?
I'm so excited to get one, I just can't wait!
How long does it take to get the email ( I'm wanting to pay by Dwolla )?
I'm so excited to get one, I just can't wait!
I ordered 2 last week 3/9, and I'm still waiting for payment instructions, so it seems they're backed up, unless I'm the only one.
I'm still waiting on a reply back from them.
How long does it take to get the email ( I'm wanting to pay by Dwolla )?
I'm so excited to get one, I just can't wait!
How long does it take to get the email ( I'm wanting to pay by Dwolla )?
I'm so excited to get one, I just can't wait!
I ordered 2 last week 3/9, and I'm still waiting for payment instructions, so it seems they're backed up, unless I'm the only one.
Well, i bited and purchased my first 2 units.
Money reserved for next 5 after these arrive.
and i still got 7 new GPUs to setup too :/
I'm still waiting on a reply back from them.Money reserved for next 5 after these arrive.
and i still got 7 new GPUs to setup too :/
How long does it take to get the email ( I'm wanting to pay by Dwolla )?
I'm so excited to get one, I just can't wait!
Well, i bited and purchased my first 2 units.
Money reserved for next 5 after these arrive.
and i still got 7 new GPUs to setup too :/
Money reserved for next 5 after these arrive.
and i still got 7 new GPUs to setup too :/
I would never let girlfriend/wife interfere with my business investments, if i see something is going to bring X % ROI annually, all she'd need to know is that it's going to bring the bacon on table.
Lots of american men are pussies when it comes to their women. The men bring in all the money yet still let their bitches tell them what to do with the money. Can you believe that?American women are spoiled cunts.
On another note, my wife knows all about the mining adventure and has approved ever since she saw the first $1k hit the bank account. She even put up with the house being 86 degrees when there was 5Gh running here.
on that same note, i was giving my wife a quick overview of bitcoin, and told her i was going to be investing in it. she still had the glazed over look in her eyes from the bitcoin explanation, but she didn't miss a beat with the, "i trust you to do whatever it is you think you should do."
Ahhhh, it all makes sense now! Annual billing especially. It's like some sort of weird hedge on future prices.
I was kind of wondering if you might be talking about the effective 30-60 day lag between monthly billings of electricity, but didn't even know annual billing existed.
Sorry, I've just dealt with too many idiots here who didn't understand it. I assumed you weren't any different. My bad.
I was kind of wondering if you might be talking about the effective 30-60 day lag between monthly billings of electricity, but didn't even know annual billing existed.
Sorry, I've just dealt with too many idiots here who didn't understand it. I assumed you weren't any different. My bad.
Same effect happens when you simply can pay off your electricity bills regularly without selling any BTC.
It's nothing special, just a matter of financial effectiveness.
I would never let girlfriend/wife interfere with my business investments, if i see something is going to bring X % ROI annually, all she'd need to know is that it's going to bring the bacon on table.
Lots of american men are pussies when it comes to their women. The men bring in all the money yet still let their bitches tell them what to do with the money. Can you believe that?American women are spoiled cunts.
On another note, my wife knows all about the mining adventure and has approved ever since she saw the first $1k hit the bank account. She even put up with the house being 86 degrees when there was 5Gh running here.
on that same note, i was giving my wife a quick overview of bitcoin, and told her i was going to be investing in it. she still had the glazed over look in her eyes from the bitcoin explanation, but she didn't miss a beat with the, "i trust you to do whatever it is you think you should do."
Good woman you got there. Mine did the same until the bank account bloated up a bit.
I would never let girlfriend/wife interfere with my business investments, if i see something is going to bring X % ROI annually, all she'd need to know is that it's going to bring the bacon on table.
Lots of american men are pussies when it comes to their women. The men bring in all the money yet still let their bitches tell them what to do with the money. Can you believe that?American women are spoiled cunts.
On another note, my wife knows all about the mining adventure and has approved ever since she saw the first $1k hit the bank account. She even put up with the house being 86 degrees when there was 5Gh running here.
on that same note, i was giving my wife a quick overview of bitcoin, and told her i was going to be investing in it. she still had the glazed over look in her eyes from the bitcoin explanation, but she didn't miss a beat with the, "i trust you to do whatever it is you think you should do."
If you mine 25 BTC for $250 of electricity, instead of BUYING 50 BTC for $250, then you are out 25 BTC.
If BTC is worth $1000 in the future, then you'd have $25,000 from mining or $50,000 from buying them directly.
What assumptions/projections are you using that change this?
If BTC is worth $1000 in the future, then you'd have $25,000 from mining or $50,000 from buying them directly.
What assumptions/projections are you using that change this?
Who said i don't do both?
On another one of my locations electricity is billed annually ...
So if i don't mine today when rates are at $1, but when electricity bill comes and BTC is worth 10$ ... oops
Assuming i actually need to sell BTC to pay that.
Electricity bill always arrives at least month later, so if i mined at 5$ then stop when it's at $1 and then sell BTC to cover electricity while i were mining at 5$ ... ooops!
Only thing what matters is value at sale time - not anything else, absolute nothing else.
If i stop mining while value is low, it's equivalently more time to put off the ROI, 1:1 relation.
Some of us can afford not to dance at the edge of cash flow right now, in order to maximize gain.
Infact, i've yet to sell a single BTC of my mining profits. I used BTC to purchase some of my rigs last summer tho, when BTC was at all time high.
But, oh please, oh please, DO by all means shutdown your rigs down when value visits a little bit lower
I was kind of wondering if you might be talking about the effective 30-60 day lag between monthly billings of electricity, but didn't even know annual billing existed.
Sorry, I've just dealt with too many idiots here who didn't understand it. I assumed you weren't any different. My bad.
If you mine 25 BTC for $250 of electricity, instead of BUYING 50 BTC for $250, then you are out 25 BTC.
If BTC is worth $1000 in the future, then you'd have $25,000 from mining or $50,000 from buying them directly.
What assumptions/projections are you using that change this?
If BTC is worth $1000 in the future, then you'd have $25,000 from mining or $50,000 from buying them directly.
What assumptions/projections are you using that change this?
Who said i don't do both?
On another one of my locations electricity is billed annually ...
So if i don't mine today when rates are at $1, but when electricity bill comes and BTC is worth 10$ ... oops
Assuming i actually need to sell BTC to pay that.
Electricity bill always arrives at least month later, so if i mined at 5$ then stop when it's at $1 and then sell BTC to cover electricity while i were mining at 5$ ... ooops!
Only thing what matters is value at sale time - not anything else, absolute nothing else.
If i stop mining while value is low, it's equivalently more time to put off the ROI, 1:1 relation.
Some of us can afford not to dance at the edge of cash flow right now, in order to maximize gain.
Infact, i've yet to sell a single BTC of my mining profits. I used BTC to purchase some of my rigs last summer tho, when BTC was at all time high.
But, oh please, oh please, DO by all means shutdown your rigs down when value visits a little bit lower
whats the reasoning you guys are using to buy these instead of ICARUS fpga's.
just curious.
just curious.
Rig box should get 20Mh/w and was priced (when I bought them) at $25k each. That's $0.50/Mh which is pretty darn good unless you are really bargain hunting for GPUs and the other items needed to run them.
When the subsidy halves, we will see a lot of GPU miner become unprofitable with 2Mh/w to 5Mh/w unless the price rises substantially. I doubt the price will jump like this in lock step with the halving (I've been wrong before) so we should see the same thing we saw when the price went to $2. Miners will quit.
I'm targeting long term goals, so even if price goes down now to 1$ i will keep my miners operational. I see all of this as a risk investment and my goals are set on not what BTC is today, but what it is 1,3,5,10years from now. If best case scenario happens in 10-15years i can retire off my mining earnings from the 2$ days or whatever the low point is going to be. Hence i mostly invest outside money to my rigs. Right now i'm on 2nd investment period and i've yet to sell single BTC (quite the contrary).
My initial miners were bought with 10€ BTC investment from year earlier, which was worth at peak something like 7500€ .... Looking back now i should've sold 90% of my BTC back then XD
If you mine 25 BTC for $250 of electricity, but the price per BTC was $5 and you could have bought 50 BTC for $250, then you just lost 25 BTC.
ONLY if you care about today's value - Like i explained, i'm working on assumptions/projections of value after a period of time, not what it is worth today.
EDIT: Actually, at least for me, 7970 is by far the best value. I can get new 7970s for same price as 5970s right now, without the hassle of needing to search and scout, and get out of warranty used cards. No thanks. And i can get them TODAY, means 1½-2months of revenue before BFL Singles would arrive.
If BTC is worth $1000 in the future, then you'd have $25,000 from mining or $50,000 from buying them directly.
What assumptions/projections are you using that change this?
I would never let girlfriend/wife interfere with my business investments, if i see something is going to bring X % ROI annually, all she'd need to know is that it's going to bring the bacon on table.
Lots of american men are pussies when it comes to their women. The men bring in all the money yet still let their bitches tell them what to do with the money. Can you believe that?American women are spoiled cunts.
On another note, my wife knows all about the mining adventure and has approved ever since she saw the first $1k hit the bank account. She even put up with the house being 86 degrees when there was 5Gh running here.
whats the reasoning you guys are using to buy these instead of ICARUS fpga's.
just curious.
just curious.
Rig box should get 20Mh/w and was priced (when I bought them) at $25k each. That's $0.50/Mh which is pretty darn good unless you are really bargain hunting for GPUs and the other items needed to run them.
When the subsidy halves, we will see a lot of GPU miner become unprofitable with 2Mh/w to 5Mh/w unless the price rises substantially. I doubt the price will jump like this in lock step with the halving (I've been wrong before) so we should see the same thing we saw when the price went to $2. Miners will quit.
I'm targeting long term goals, so even if price goes down now to 1$ i will keep my miners operational. I see all of this as a risk investment and my goals are set on not what BTC is today, but what it is 1,3,5,10years from now. If best case scenario happens in 10-15years i can retire off my mining earnings from the 2$ days or whatever the low point is going to be. Hence i mostly invest outside money to my rigs. Right now i'm on 2nd investment period and i've yet to sell single BTC (quite the contrary).
My initial miners were bought with 10€ BTC investment from year earlier, which was worth at peak something like 7500€ .... Looking back now i should've sold 90% of my BTC back then XD
If you mine 25 BTC for $250 of electricity, but the price per BTC was $5 and you could have bought 50 BTC for $250, then you just lost 25 BTC.
ONLY if you care about today's value - Like i explained, i'm working on assumptions/projections of value after a period of time, not what it is worth today.
EDIT: Actually, at least for me, 7970 is by far the best value. I can get new 7970s for same price as 5970s right now, without the hassle of needing to search and scout, and get out of warranty used cards. No thanks. And i can get them TODAY, means 1½-2months of revenue before BFL Singles would arrive.
I have 2 issues I am trying to figure out...
1.they guys making the fpga's can sell them, but for every one they sell, they keep one, and mine with it, eventually drowning us all out.
2.the reasons you give for guys with gpu's dropping out will eventually be the same reasons you guys drop out, your buying the least efficiant fpga.
1.they guys making the fpga's can sell them, but for every one they sell, they keep one, and mine with it, eventually drowning us all out.
2.the reasons you give for guys with gpu's dropping out will eventually be the same reasons you guys drop out, your buying the least efficiant fpga.
The jump from CPU to GPU along with a huge price spike will be quite hard to replicate IMHO. Bringing on 1Th of FPGA/sASIC equipment will not raise the difficulty significantly and will take quite a while. It will take something like a custom ASCI chip sold in mass to duplicate the jump in difficulty we had from CPU to GPU.
As for buying the least efficient FPGA, I believe it is the jump from GPU to FPGA which matters most to my bottom line. A rig box, as proposed, is so much more efficient than my GPUs that it will pay for it's electricity costs in 1 day of mining whereas it takes my GPUs 15 days to pay for the electricity they use. If I tried to purchase equipment that was twice as efficient as the rig box, it would pay for the electricity in 1/2 day. This is a diminishing return and not the only thing to consider as I would like to make my original investment back.
That even applies to the BFL Singles. 300+W to 80w is a huge jump, whereas 80w - 20w, not so much. You can power 80w off a solar panel fairly easily, you can't do that with 300+ watts, which does not even include the cost to dissipate the heat generated (though some climates will make that back up to a degree in the winter time).
You also need to factor in GPU failure... while we don't have numbers for FPGA failure yet, hopefully it will be more robust in terms of failure to density. Right now a 5970 is the best bang for the buck, both power and density wise, but they are the highest rate of failure due to craptacular design. Assuming no major design flaws in the FPGAs, the lack of maintenance requirement and power usage between 80w and 20w is negligible when compared to the same on GPUs.
whats the reasoning you guys are using to buy these instead of ICARUS fpga's.
just curious.
just curious.
Rig box should get 20Mh/w and was priced (when I bought them) at $25k each. That's $0.50/Mh which is pretty darn good unless you are really bargain hunting for GPUs and the other items needed to run them.
When the subsidy halves, we will see a lot of GPU miner become unprofitable with 2Mh/w to 5Mh/w unless the price rises substantially. I doubt the price will jump like this in lock step with the halving (I've been wrong before) so we should see the same thing we saw when the price went to $2. Miners will quit.
I'm targeting long term goals, so even if price goes down now to 1$ i will keep my miners operational. I see all of this as a risk investment and my goals are set on not what BTC is today, but what it is 1,3,5,10years from now. If best case scenario happens in 10-15years i can retire off my mining earnings from the 2$ days or whatever the low point is going to be. Hence i mostly invest outside money to my rigs. Right now i'm on 2nd investment period and i've yet to sell single BTC (quite the contrary).
My initial miners were bought with 10€ BTC investment from year earlier, which was worth at peak something like 7500€ .... Looking back now i should've sold 90% of my BTC back then XD
If you mine 25 BTC for $250 of electricity, but the price per BTC was $5 and you could have bought 50 BTC for $250, then you just lost 25 BTC.
Jump to: