Single BFL 5 GH/s ASIC worth it? | Bitcointalksearch.org

Wayne_Chang

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Quote from: Dabs on April 10, 2013, 10:34:41 PM

Well, if 1000 people have 5 GH/s units, and another 1000 have 15 GH/s units, thats 20000 GH/s or 20 TH/s. Regardless of what is mined (and don't forget tx fees on top of block rewards), wouldn't that help secure the network? Decentralization.

All these are base on the assumption that BFL can deliver. In fact, base on their video, I really doubt it is true. I don't think a heatsink without fan can handle the heat of a 180W power consumption chip. Unless BFL has Mars technology which is better than Intel or AMD.

Dabs

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Well, if 1000 people have 5 GH/s units, and another 1000 have 15 GH/s units, thats 20000 GH/s or 20 TH/s. Regardless of what is mined (and don't forget tx fees on top of block rewards), wouldn't that help secure the network? Decentralization.

ErebusBat

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Quote from: Wayne_Chang on April 10, 2013, 08:37:33 PM

Quote from: ErebusBat on April 10, 2013, 08:22:10 PM

Quote from: Wayne_Chang on April 10, 2013, 08:17:05 PM

Is there any solid update of BFL ASIC miner beyond previous 180W consumption video?
If no, I strongly recomand NOT to order it.

Good point. Although I live in WY which has very cheap power.

Are there any other choices besides bfl?

Unfortunately, seems no.
But, compare with give money to BFL for a scam, buy some BTC with same money from Mtgox seems more reasonable.

That has been my strategy thus far. However I am wondering if a small risk would be warrented on actually mining some. Break even in 3 months then have the bitcoins slowly pile up.

With my very quick and not in depth calcs it would generate more coins than my mining contracts for less risk (BTC only).

Wayne_Chang

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Quote from: ErebusBat on April 10, 2013, 08:22:10 PM

Quote from: Wayne_Chang on April 10, 2013, 08:17:05 PM

Is there any solid update of BFL ASIC miner beyond previous 180W consumption video?
If no, I strongly recomand NOT to order it.

Good point. Although I live in WY which has very cheap power.

Are there any other choices besides bfl?

Unfortunately, seems no.
But, compare with give money to BFL for a scam, buy some BTC with same money from Mtgox seems more reasonable.

ErebusBat

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I am the one who knocks

Quote from: Wayne_Chang on April 10, 2013, 08:17:05 PM

Is there any solid update of BFL ASIC miner beyond previous 180W consumption video?
If no, I strongly recomand NOT to order it.

Good point. Although I live in WY which has very cheap power.

Are there any other choices besides bfl?

Wayne_Chang

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Activity: 448

Merit: 250

Is there any solid update of BFL ASIC miner beyond previous 180W consumption video?
If no, I strongly recomand NOT to order it.

Unacceptable

legendary

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Quote from: ErebusBat on April 10, 2013, 08:05:12 PM

Quote from: Dabs on April 10, 2013, 07:49:44 PM

If there will be a mini-miner, 5 GH/s, I will buy it. I prefer to get something like 15 GH/s though. Distributing these mini miners world wide, into 100+ countries, is only going to help the bitcoin network.

There are other reasons for people to buy it, other than if it is personally worth it. To me, if it helps secure the network, it is sort of worth it, since the value of my bitcoin (and everyone else's) is secure.

Right but coins mined should have a correlation to the amount of security you are actually adding to the network.

Quote from: Minor Miner on April 10, 2013, 07:47:14 PM

562 seems high for 6months from now but that would be about 55-60 Million in difficulty.

How do you translate between hash rate and difficulty?

131,384= 1 terahash worth of difficulty (its approx,not exact)

So 131,384x250TH=32,846,000,diff for 250TH or network total Grin

ErebusBat

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Quote from: Dabs on April 10, 2013, 07:49:44 PM

If there will be a mini-miner, 5 GH/s, I will buy it. I prefer to get something like 15 GH/s though. Distributing these mini miners world wide, into 100+ countries, is only going to help the bitcoin network.

There are other reasons for people to buy it, other than if it is personally worth it. To me, if it helps secure the network, it is sort of worth it, since the value of my bitcoin (and everyone else's) is secure.

Right but coins mined should have a correlation to the amount of security you are actually adding to the network.

Quote from: Minor Miner on April 10, 2013, 07:47:14 PM

562 seems high for 6months from now but that would be about 55-60 Million in difficulty.

How do you translate between hash rate and difficulty?

Dabs

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The Concierge of Crypto

If there will be a mini-miner, 5 GH/s, I will buy it. I prefer to get something like 15 GH/s though. Distributing these mini miners world wide, into 100+ countries, is only going to help the bitcoin network.

There are other reasons for people to buy it, other than if it is personally worth it. To me, if it helps secure the network, it is sort of worth it, since the value of my bitcoin (and everyone else's) is secure.

Minor Miner

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Quote from: ErebusBat on April 10, 2013, 07:34:11 PM

Quote from: hardpick on April 10, 2013, 07:31:17 PM

The network hash rate is about 68 TH today you would get about 0.33 btc per day ---
when avalon delivers would expect the network to be at about 200 TH and your rig will
produce 0.09 BTC per day--- if / when BFL come on line the will add about 562 TH to the network ie
network will be around 762 TH your rig will mine at about 0.0236 BTC per day --- I think you need a bigger mining rig

THANK YOU!!!

This is exactly what I was looking for. Back when prices were at $266 then this wasn't a big deal... Just plug in and let it run, pays more that my mining contracts.

What difficulty do those hash speeds translate to?

562 seems high for 6months from now but that would be about 55-60 Million in difficulty.

ErebusBat

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Quote from: hardpick on April 10, 2013, 07:40:42 PM

(Your Hash Rate / Network Hash Rate) * 3600 = Coins mined per day

Thank you! And for the previous figures!

hardpick

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(Your Hash Rate / Network Hash Rate) * 3600 = Coins mined per day

solareclipse64236

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around $50-60 per gigahash

that means the 1.5 terahash machine will be around $60,000 now

ErebusBat

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Quote from: hardpick on April 10, 2013, 07:31:17 PM

The network hash rate is about 68 TH today you would get about 0.33 btc per day ---
when avalon delivers would expect the network to be at about 200 TH and your rig will
produce 0.09 BTC per day--- if / when BFL come on line the will add about 562 TH to the network ie
network will be around 762 TH your rig will mine at about 0.0236 BTC per day --- I think you need a bigger mining rig

THANK YOU!!!

This is exactly what I was looking for. Back when prices were at $266 then this wasn't a big deal... Just plug in and let it run, pays more that my mining contracts.

What difficulty do those hash speeds translate to?

hardpick

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Activity: 265

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Football President

The network hash rate is about 68 TH today you would get about 0.33 btc per day ---
when avalon delivers would expect the network to be at about 200 TH and your rig will
produce 0.09 BTC per day--- when BFL come on line the will add about 562 TH to the network ie
network will be around 762 TH your rig will mine at about 0.0236 BTC per day --- I think you need a bigger mining rig

mco65

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my 2 cents. the biggest winners are those that take the biggest risks..
$250 is not a big risk.. go for the 10k version.

StringTheory

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Making Sense of Things

You will be order ~#40,000 and your tiny unit will be the lowest of the low priority... This doesn't seem to stop many people though... So what do I know.

Marrs

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Quote from: DrG on April 10, 2013, 03:17:04 PM

Ah but if BTC becomes illegal the 5GH unit will become a museum piece as a crime against humanity Tongue

Or evidence in your trial...

When BTC are outlawed, only outlaws will mine BTC!

DrG

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Quote from: pyromaniac on April 10, 2013, 12:37:15 PM

Quote from: k9quaint on April 10, 2013, 11:14:55 AM

If they deliver tomorrow, and BTC goes to $10000 it is an AWESOME DEAL because now you are rich.
If they deliver in 6 months and BTC goes to $10000 it is a TERRIBLE DEAL because you could have bought BTC instead.
If they deliver in 6 months, but the product is crap and burns out after 2 weeks of mining because they are amateurs and have no idea how to build complex electronic equipment it is a TERRIBLE DEAL
If they deliver tomorrow, but the product is crap and burns out after 2 weeks of mining because they are amateurs and have no idea how to build complex electronic equipment it is an ever so slightly less TERRIBLE DEAL.

Can I continue?
If they deliver in 6 month and BTC price goes down to $1.99 it is a TERRIBLE DEAL because you buy something to get almost nothing.
If they deliver in 6 month, but BTC become illegal at that time, it is a TERRIBLE DEAL because you got absolutely useless hardware which, unlike GPU, could not be used for your personal needs or sold to somebody else.

Ah but if BTC becomes illegal the 5GH unit will become a museum piece as a crime against humanity Tongue

pyromaniac

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Quote from: k9quaint on April 10, 2013, 11:14:55 AM

If they deliver tomorrow, and BTC goes to $10000 it is an AWESOME DEAL because now you are rich.
If they deliver in 6 months and BTC goes to $10000 it is a TERRIBLE DEAL because you could have bought BTC instead.
If they deliver in 6 months, but the product is crap and burns out after 2 weeks of mining because they are amateurs and have no idea how to build complex electronic equipment it is a TERRIBLE DEAL
If they deliver tomorrow, but the product is crap and burns out after 2 weeks of mining because they are amateurs and have no idea how to build complex electronic equipment it is an ever so slightly less TERRIBLE DEAL.

Can I continue?
If they deliver in 6 month and BTC price goes down to $1.99 it is a TERRIBLE DEAL because you buy something to get almost nothing.
If they deliver in 6 month, but BTC become illegal at that time, it is a TERRIBLE DEAL because you got absolutely useless hardware which, unlike GPU, could not be used for your personal needs or sold to somebody else.

Topic: Single BFL 5 GH/s ASIC worth it? (Read 10770 times)