Topic: Would this be worth it? -Butterfly Labs - page 2. (Read 1526 times)
I'm on the fence with Butterfly Labs. I'm willing to buy, but won't do so until I know they have shipped regular commercial units in quantity.
I ordered one in Feb, but it's really hard to say when delivery will be.
There's been a huge number of orders over the last year, but also a lot of people have cancelled so it's hard to know where in the queue I am.
I think BFLs current estimates assume a final production rate of 400units/day but it's not clear how accurate this will end up being.
For what it's worth I've just written mine off because it's too much stress constantly waiting for updates. If/when it does arrive I think I'll probably mine some alt-currencies just for fun
There's been a huge number of orders over the last year, but also a lot of people have cancelled so it's hard to know where in the queue I am.
I think BFLs current estimates assume a final production rate of 400units/day but it's not clear how accurate this will end up being.
For what it's worth I've just written mine off because it's too much stress constantly waiting for updates. If/when it does arrive I think I'll probably mine some alt-currencies just for fun
Alt-currencies like litecoin use scrypt that the ASIC is well-suited for..
Isn't well-suited for. An understatement, since these ASICs can't mine scrypt based currencies at all.
I ordered one in Feb, but it's really hard to say when delivery will be.
There's been a huge number of orders over the last year, but also a lot of people have cancelled so it's hard to know where in the queue I am.
I think BFLs current estimates assume a final production rate of 400units/day but it's not clear how accurate this will end up being.
For what it's worth I've just written mine off because it's too much stress constantly waiting for updates. If/when it does arrive I think I'll probably mine some alt-currencies just for fun
There's been a huge number of orders over the last year, but also a lot of people have cancelled so it's hard to know where in the queue I am.
I think BFLs current estimates assume a final production rate of 400units/day but it's not clear how accurate this will end up being.
For what it's worth I've just written mine off because it's too much stress constantly waiting for updates. If/when it does arrive I think I'll probably mine some alt-currencies just for fun
Alt-currencies like litecoin use scrypt that the ASIC is well-suited for..
I'm with you as well. I don't want to buy and hold and have a lot more fun mining it myself. I repurposed some computer gear and bought 2 7950s and started mining myself. I know I won't be rich, but I really enjoy learning all of this and especially the crypto side of things.
I'm not a big stock nerd, so what's the fun in holding btc? I wonder how many people who canceled bfl orders wish they hadn't now that devices seem to be materializing, some where. 
I have one on order too, the question of if it is worth it or not is going to come down to how far down the que you are, when they finally ship the units and how long it takes to get to you once they do ship it.
If you're looking for a solid yes or no, I don't think anyone can say for sure right now. But if you want to be competitive in the later parts of this year you will definitely want to have an ASIC miner of some sort.
If you're looking for a solid yes or no, I don't think anyone can say for sure right now. But if you want to be competitive in the later parts of this year you will definitely want to have an ASIC miner of some sort.
The general consensus is that if you don't have an order in already, by the time you receive your unit, 5Gh/s will be too slow considering where the difficulty will be at that point. The ROI would take too long to make it worthwhile. If you think the price of BTC will go up, it's better to buy the coins and hold them.
I have been reading a ton about them, and there are some youtubes out there of unboxings. Wired even got one.
http://www.wired.com/wiredenterprise/2013/04/butterfly/
http://www.wired.com/wiredenterprise/2013/04/butterfly/
Wired doesn't know what to do with this box 
I ordered one in Feb, but it's really hard to say when delivery will be.
There's been a huge number of orders over the last year, but also a lot of people have cancelled so it's hard to know where in the queue I am.
I think BFLs current estimates assume a final production rate of 400units/day but it's not clear how accurate this will end up being.
For what it's worth I've just written mine off because it's too much stress constantly waiting for updates. If/when it does arrive I think I'll probably mine some alt-currencies just for fun
There's been a huge number of orders over the last year, but also a lot of people have cancelled so it's hard to know where in the queue I am.
I think BFLs current estimates assume a final production rate of 400units/day but it's not clear how accurate this will end up being.
For what it's worth I've just written mine off because it's too much stress constantly waiting for updates. If/when it does arrive I think I'll probably mine some alt-currencies just for fun
damnit...couldnt they post a video...stupid pics everywhere 
found one https://www.youtube.com/watch?v=_6mmTRheUzg
found one https://www.youtube.com/watch?v=_6mmTRheUzg
I have been reading a ton about them, and there are some youtubes out there of unboxings. Wired even got one.
http://www.wired.com/wiredenterprise/2013/04/butterfly/
http://www.wired.com/wiredenterprise/2013/04/butterfly/
I ordered one this week, for good or ill - we shall see. BFL has repeatedly stated that orders done now can expect a delivery date of July, but as they have had delays in the past, I would only treat this as an estimate.
I doubt I will be racking in the 'coin with a single 5gh/s module in July, where the difficulty will have most likely doubled (or more?) by then. But, perhaps by joining a pool, I will be somewhat productive.
Also, even if I don't make anything off of this device, I want to support the bitcoin network, and the ASIC is the way to do this without a huge power bill.
I doubt I will be racking in the 'coin with a single 5gh/s module in July, where the difficulty will have most likely doubled (or more?) by then. But, perhaps by joining a pool, I will be somewhat productive.
Also, even if I don't make anything off of this device, I want to support the bitcoin network, and the ASIC is the way to do this without a huge power bill.
I have a Single SC on order since January. I would be elated to see it before July.
The Jalapeno cost per hash is lower than then all their other options so I'm not sure that it's such a great investment. Of course you're risking less money
Based on what I've seen Butterfly Labs will ship your product but it may be next year when it won't be profitable anymore.
The Jalapeno cost per hash is lower than then all their other options so I'm not sure that it's such a great investment. Of course you're risking less money
Based on what I've seen Butterfly Labs will ship your product but it may be next year when it won't be profitable anymore.
I have heard a lot about butterfly labs not delivering on time, however I have also heard that they have finally started some shipments with their products. I was wondering would the 5 gh/s one on their website (listed at $274.00) be worth it, and what is a conservative estimate on its arrival time? Seems like a good deal to me, if you could get your hands on it and get it working, but thats what I'm worried about.
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