[FAILED]Butterfly Labs 30 day countdown to the end of September - page 35.

PuertoLibre

legendary

Activity: 1890

Merit: 1003

Quote from: bcp19 on September 14, 2013, 07:08:46 PM

Quote from: joeventura on September 14, 2013, 07:02:21 PM

Quote from: PuertoLibre on September 14, 2013, 06:46:58 PM

Don't mind him, his idea of profitability can be a negative ROI.

Most people wouldn't consider 1 or 2...or yes even 3 dollars a day to be profitable. They could probably go to a store pick up any pack of menthols and sell them on a street corner for 25cents a piece. Only then would they gather the quarters to get some clues and some common sense.

If at 100mil it is showing only 3 dollars a day in profitability...well...then it is no longer profitable. Period.

Edit: I mean sure, you could give your kids some lunch money at that point, but then you wouldn't have any profit to speak of...

If its $3 a day, that's only for 10 days, then diff changes again and now its $2 a day, then another 10 days and its $1 a day.

Just remember you paid $274 for it.

In Josh's head if you get to $274.01 in 3 years. You are profitable and his conscience is clear.

The only way it drops to $2 in 10 days is if difficulty spikes up to 165million which would be ~500TH added to the network tomorrow. To get to $1 it'd then need to spike up to 330million difficulty or adding another 1.5PH to the network.

But hey, it COULD happen.

You seem skeptical.

112 Million in difficulty as of a few minutes ago. The next jump should be anywhere from 128 million (15%) up to 145 million (30%). (In just the next 10 days)

Why are you avoiding the obvious?

Loredo

full member

Activity: 238

Merit: 100

Quote from: joeventura on September 14, 2013, 07:02:21 PM

If its $3 a day, that's only for 10 days, then diff changes again and now its $2 a day, then another 10 days and its $1 a day.

Nah, not quite that fast. It depends on how fast they get those BFL chips hashing on the DIY boards, but it probably won't drop below a buck (with current USD/BTC0 until late October or early November.

CAVEAT: I think there will be 3 PH/s by that time. There's just too much hardware out there slated for delivery; I don't think it can all be late.

bcp19

hero member

Activity: 532

Merit: 500

Quote from: joeventura on September 14, 2013, 07:02:21 PM

Quote from: PuertoLibre on September 14, 2013, 06:46:58 PM

Don't mind him, his idea of profitability can be a negative ROI.

Most people wouldn't consider 1 or 2...or yes even 3 dollars a day to be profitable. They could probably go to a store pick up any pack of menthols and sell them on a street corner for 25cents a piece. Only then would they gather the quarters to get some clues and some common sense.

If at 100mil it is showing only 3 dollars a day in profitability...well...then it is no longer profitable. Period.

Edit: I mean sure, you could give your kids some lunch money at that point, but then you wouldn't have any profit to speak of...

If its $3 a day, that's only for 10 days, then diff changes again and now its $2 a day, then another 10 days and its $1 a day.

Just remember you paid $274 for it.

In Josh's head if you get to $274.01 in 3 years. You are profitable and his conscience is clear.

The only way it drops to $2 in 10 days is if difficulty spikes up to 165million which would be ~500TH added to the network tomorrow. To get to $1 it'd then need to spike up to 330million difficulty or adding another 1.5PH to the network.

But hey, it COULD happen.

PuertoLibre

legendary

Activity: 1890

Merit: 1003

Yep,

That is why you should not listen to the guy trying to grab your money at the car dealership....err I mean online at BFL forums....err I mean on BitCoinTalk...

Fuck it, just don't trust him anywhere or anywhen...or under any condition.

joeventura

hero member

Activity: 854

Merit: 500

Quote from: PuertoLibre on September 14, 2013, 06:46:58 PM

Don't mind him, his idea of profitability can be a negative ROI.

Most people wouldn't consider 1 or 2...or yes even 3 dollars a day to be profitable. They could probably go to a store pick up any pack of menthols and sell them on a street corner for 25cents a piece. Only then would they gather the quarters to get some clues and some common sense.

If at 100mil it is showing only 3 dollars a day in profitability...well...then it is no longer profitable. Period.

Edit: I mean sure, you could give your kids some lunch money at that point, but then you wouldn't have any profit to speak of...

If its $3 a day, that's only for 10 days, then diff changes again and now its $2 a day, then another 10 days and its $1 a day.

Just remember you paid $274 for it.

In Josh's head if you get to $274.01 in 3 years. You are profitable and his conscience is clear.

PuertoLibre

legendary

Activity: 1890

Merit: 1003

If you want your money back, go fetch it from BFL's wallet.

https://bitcointalk.org/index.php?topic=291205.60

Claw your "cash back" today!

Dyaheon

member

Activity: 121

Merit: 10

Quote from: Inaba on September 14, 2013, 06:09:26 PM

BCP, you are harshing the FUD and misinformation mellow that people like Loredo like to comfort themselves with.

For anyone with half a brain and second grade math skills, though, all BFL products are profitable to 900+ million difficulty at .15c KW/h @ $120/BTC. If the price of BTC is above $120, it's profitable even higher. Yes, at 900 million difficulty, profit margins would be ridiculously thin, but it's still within the profitability threshold that Loredo is trying to convince people is happening at 1/9th of the actual difficulty level (and remember, that's at $120/BTC).

It's actually a bit over 3 billion difficulty, for a 60GH 300W single anyway. I suppose jallys are pretty close to that in W/GH/s as well.

Sadly that doesn't change the fact that they'll be essentially paperweights (or heaters) at 1B or so.

Loredo

full member

Activity: 238

Merit: 100

Well, there it is. 112+. Now the network can idle back a little for a few hours. And that's a rap on the Sep future.

PuertoLibre

legendary

Activity: 1890

Merit: 1003

Quote from: bcp19 on September 14, 2013, 06:48:25 PM

Quote from: PuertoLibre on September 14, 2013, 06:46:58 PM

Quote from: joeventura on September 14, 2013, 06:38:35 PM

Quote from: Inaba on September 14, 2013, 06:09:26 PM

BCP, you are harshing the FUD and misinformation mellow that people like Loredo like to comfort themselves with.

For anyone with half a brain and second grade math skills, though, all BFL products are profitable to 900+ million difficulty at .15c KW/h @ $120/BTC. If the price of BTC is above $120, it's profitable even higher. Yes, at 900 million difficulty, profit margins would be ridiculously thin, but it's still within the profitability threshold that Loredo is trying to convince people is happening at 1/9th of the actual difficulty level (and remember, that's at $120/BTC).

Profitability clock does not start until the Postman delivers. That is what the majority of your customers are waiting for.

Want to change the date again?

July 7th

April 30th

What's next?

Don't mind him, his idea of profitability can be a negative ROI.

Most people wouldn't consider 1 or 2...or yes even 3 dollars a day to be profitable. They could probably go to a store pick up any pack of menthols and sell them on a street corner for 25cents a piece. Only then would they gather the quarters to get some clues and some common sense.

If at 100mil it is showing only 3 dollars a day in profitability...well...then it is no longer profitable. Period.

OMG... Did you just give away your whole business plan? Huh

Now what are you going to do with all the competition?

Wanna buy a cig? It will only cost you, your very uncommon sense.

From mining to cigs...yes folks...that is the plan at BFL. Expect cig prices to crash in the near future at a bitcoin miner near you!

Loredo

full member

Activity: 238

Merit: 100

Quote from: bcp19 on September 14, 2013, 06:43:31 PM

Well, I'll be darned. I didn't take you for an xkcd kind of guy. I would have thought, overall, that Randall Munroe was a little more snarky and ironic than would suit your taste.

I'm impressed.

bcp19

hero member

Activity: 532

Merit: 500

Quote from: PuertoLibre on September 14, 2013, 06:46:58 PM

Quote from: joeventura on September 14, 2013, 06:38:35 PM

Quote from: Inaba on September 14, 2013, 06:09:26 PM

BCP, you are harshing the FUD and misinformation mellow that people like Loredo like to comfort themselves with.

For anyone with half a brain and second grade math skills, though, all BFL products are profitable to 900+ million difficulty at .15c KW/h @ $120/BTC. If the price of BTC is above $120, it's profitable even higher. Yes, at 900 million difficulty, profit margins would be ridiculously thin, but it's still within the profitability threshold that Loredo is trying to convince people is happening at 1/9th of the actual difficulty level (and remember, that's at $120/BTC).

Profitability clock does not start until the Postman delivers. That is what the majority of your customers are waiting for.

Want to change the date again?

July 7th

April 30th

What's next?

Don't mind him, his idea of profitability can be a negative ROI.

Most people wouldn't consider 1 or 2...or yes even 3 dollars a day to be profitable. They could probably go to a store pick up any pack of menthols and sell them on a street corner for 25cents a piece. Only then would they gather the quarters to get some clues and some common sense.

If at 100mil it is showing only 3 dollars a day in profitability...well...then it is no longer profitable. Period.

OMG... Did you just give away your whole business plan? Huh

Now what are you going to do with all the competition?

PuertoLibre

legendary

Activity: 1890

Merit: 1003

Quote from: joeventura on September 14, 2013, 06:38:35 PM

Quote from: Inaba on September 14, 2013, 06:09:26 PM

BCP, you are harshing the FUD and misinformation mellow that people like Loredo like to comfort themselves with.

For anyone with half a brain and second grade math skills, though, all BFL products are profitable to 900+ million difficulty at .15c KW/h @ $120/BTC. If the price of BTC is above $120, it's profitable even higher. Yes, at 900 million difficulty, profit margins would be ridiculously thin, but it's still within the profitability threshold that Loredo is trying to convince people is happening at 1/9th of the actual difficulty level (and remember, that's at $120/BTC).

Profitability clock does not start until the Postman delivers. That is what the majority of your customers are waiting for.

Want to change the date again?

July 7th

April 30th

What's next?

Don't mind him, his idea of profitability can be a negative ROI.

Most people wouldn't consider 1 or 2...or yes even 3 dollars a day to be profitable. They could probably go to a store pick up any pack of menthols and sell them on a street corner for 25cents a piece. Only then would they gather the quarters to get some clues and some common sense.

If at 100mil it is showing only 3 dollars a day in profitability...well...then it is no longer profitable. Period.

Edit: I mean sure, you could give your kids some lunch money at that point, but then you wouldn't have any profit to speak of...

bcp19

hero member

Activity: 532

Merit: 500

Quote from: Inaba on September 14, 2013, 06:09:26 PM

BCP, you are harshing the FUD and misinformation mellow that people like Loredo like to comfort themselves with.

For anyone with half a brain and second grade math skills, though, all BFL products are profitable to 900+ million difficulty at .15c KW/h @ $120/BTC. If the price of BTC is above $120, it's profitable even higher. Yes, at 900 million difficulty, profit margins would be ridiculously thin, but it's still within the profitability threshold that Loredo is trying to convince people is happening at 1/9th of the actual difficulty level (and remember, that's at $120/BTC).

joeventura

hero member

Activity: 854

Merit: 500

Quote from: Inaba on September 14, 2013, 06:09:26 PM

BCP, you are harshing the FUD and misinformation mellow that people like Loredo like to comfort themselves with.

For anyone with half a brain and second grade math skills, though, all BFL products are profitable to 900+ million difficulty at .15c KW/h @ $120/BTC. If the price of BTC is above $120, it's profitable even higher. Yes, at 900 million difficulty, profit margins would be ridiculously thin, but it's still within the profitability threshold that Loredo is trying to convince people is happening at 1/9th of the actual difficulty level (and remember, that's at $120/BTC).

Profitability clock does not start until the Postman delivers. That is what the majority of your customers are waiting for.

Want to change the date again?

July 7th

April 30th

What's next?

Loredo

full member

Activity: 238

Merit: 100

This is a bit off-topic, but something interesting is that icbit's Sep difficulty future didn't price over 100 million until Aug 24th.

I'm pretty sure the consensus on this forum was 100+ a lot earlier than that. On the other hand, they're pricing mid-Dec at around 550 million.

That's probably a little rich.

Loredo

full member

Activity: 238

Merit: 100

Quote from: bcp19 on September 14, 2013, 06:06:01 PM

Quote from: Loredo on September 14, 2013, 05:59:31 PM

For those who like milestones, today might well a couple.

The sustained network hash rate will likely be over 1 Petahash/s within the next 24 hours.

Difficulty should cross 100 million within the hour.

A jally, being less than 6-millionth of the network hash rate, should cross to earning less than its power consumption for many people in 0.12-0.15 per kwh electricity rate areas in the USA.

5GH, 110 million difficulty, 30 watts power and $.15 power cost = .022860 BTC per day or $3.07. 30 watts * 24 hours = .720 kwhours or $.11 for a net profit of $2.96

I stand corrected. I misread the Jally power consumption numbers. It will remain power-consumption profitable for a good long time.

I've corrected my post.

candoo

hero member

Activity: 602

Merit: 500

Vertrau in Gott

Quote from: Inaba on September 14, 2013, 06:09:26 PM

BCP, you are harshing the FUD and misinformation mellow that people like Loredo like to comfort themselves with.

For anyone with half a brain and second grade math skills, though, all BFL products are profitable to 900+ million difficulty at .15c KW/h @ $120/BTC. If the price of BTC is above $120, it's profitable even higher. Yes, at 900 million difficulty, profit margins would be ridiculously thin, but it's still within the profitability threshold that Loredo is trying to convince people is happening at 1/9th of the actual difficulty level (and remember, that's at $120/BTC).

poor people in germany and europe pay 0.32 $ per kwh and you did forget the income taxes from bitcoin mining

Inaba

legendary

Activity: 1260

Merit: 1000

BCP, you are harshing the FUD and misinformation mellow that people like Loredo like to comfort themselves with.

For anyone with half a brain and second grade math skills, though, all BFL products are profitable to 900+ million difficulty at .15c KW/h @ $120/BTC. If the price of BTC is above $120, it's profitable even higher. Yes, at 900 million difficulty, profit margins would be ridiculously thin, but it's still within the profitability threshold that Loredo is trying to convince people is happening at 1/9th of the actual difficulty level (and remember, that's at $120/BTC).

bcp19

hero member

Activity: 532

Merit: 500

Quote from: Loredo on September 14, 2013, 05:59:31 PM

For those who like milestones, today might well a couple.

The sustained network hash rate will likely be over 1 Petahash/s within the next 24 hours.

Difficulty should cross 100 million within the hour.

A jally, being less than 6-millionth of the network hash rate, should cross to earning less than its power consumption for many people in 0.12-0.15 per kwh electricity rate areas in the USA.

5GH, 110 million difficulty, 30 watts power and $.15 power cost = .022860 BTC per day or $3.07. 30 watts * 24 hours = .720 kwhours or $.11 for a net profit of $2.96

Loredo

full member

Activity: 238

Merit: 100

For those who like milestones, today might well a couple.

The sustained network hash rate will likely be over 1 Petahash/s within the next 24 hours.

Difficulty should cross 100 million within the hour.

~~A jally, being less than 6-millionth of the network hash rate, should cross to earning less than its power consumption for many people in 0.12-0.15 per kwh electricity rate areas in the USA.~~ Incorrect. See below.

Topic: [FAILED]Butterfly Labs 30 day countdown to the end of September - page 35. (Read 69478 times)