Butterfly labs bitcoin miner 60 gh s replacement power supply proof response bitcoin

The greatest cost in mining is electricity: With Bitcoin, as opposed to normal capitalist markets, monopoly is disastrous to the whole market including the monopoly owner, so any enterprise aware of approaching the status of monopoly will actively fight reaching it - for example, selling a part of their processing power. Add to. And shipping asics is not same as shipping asics, they had all time to evaluate WHO to ship to depending on scenario. I would like to add my puzzlement to radeon rx 460 4gb hashrate ethereum radeon rx 570 mining of other readers here who, if they made this product would never sell it. You guess certain hashes, network says yes or no. It seems reasonable to assume that that could have an effect. Oct 10, Posts: Right now, on the other hand, everyone is scrambling for. As someone who is definitely not an EE and finds electricity to be mostly black magic, I'd love to know your take on those numbers, Grieviant. Feb 22, Posts: Which, to me, belies the utter ridiculousness of the. Once there's very little value left they ship it. They make money even if Bitcoin value drops. Ask Question. I could be wrong about this, but I believe that switching power supplies in general appear as somewhat reactive rather than purely resistive loads. It's totally possible that they have used hardware which they sold to customers for their own mining operation. By making the hash hard to find, you force the whole network to search for it, making it can you buy gold bitcoins easy to use bitcoin miner collaborative effort. Michael wrote:. NickODell Don't get me wrong, this is just a theoretical point, because in practice, the production function isn't continuous. It's really the fundamental flaw here, that folks buying these don't see And if it was profitable, their competitors would know it too, and would be doing the same, regardless of what this company chooses. Pictured below, the original case for the Jalapeno on the left. So, as a potential customer and BTC miner, yes you do have to ask yourself

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So, at that point, there would be little incentive for them to refuse to sell the rigs to others. Thu May 09, 1: The somewhat quick explanation is that bitcoin mining consists of trying to hash certain known pieces of data bitcoin transactions combined with a value you get to specify in order to produce a hash result in a certain limited range. Durden on Thu May 09, Choose your language. You couldn't even make an educated guess at this point because nobody knows how long until Butterfly ship an order placed today. I'd buy one today if I could walk into a shop and just pick one up. No, I'll be using the thing and educating myself more over the next several days before I post an actual review. Had a regular 3-pin slide-on connector, just like any other computer fan. Right now, on the other hand, everyone is scrambling for them. Dilbert wrote:. No offense meant but I hope you are joking. They have no other use, so unlike a regular PC or video card, so they can't be used elsewhere or sold for other computing purposes like PCs or video cards. BkMak wrote:. Those are your two choices. Hopefully the promised updates are a little more in depth and a little less "wow look at my new toy". Pretty much. There's a reason you can't just jump on Amazon and buy a Raspberry Pi "off the shelf," too.

Maury Markowitz wrote:. I don't think the question was really asking if they should commit fraud, just whether they should keep their design private. Last edited by Tyler X. Feb 13, Posts: Why not use the pickaxes to mine gold? The problem with ASICs is that once turned on, they will never be turned off. Basically, a device has a certain 'power factor' which quantifies the relationship between resistive and reactive power, the former actually being dissipated and the latter not. Last how does ethereum reward computational work how to claim mobilego tokens after ico by Shlepzig on Thu May 09, 2: And shipping asics is not same as shipping asics, they had all time to evaluate WHO to ship to depending on scenario. More Report Need to report the video? Apr 21, Posts: Allemania Registered: What am I missing here? If there's a spike it bitcoin value, I'm guessing the "QA" takes longer while mining is more profitable. If the combined horsepower of the network increases, so does the "difficulty" variable, meaning it takes more tries to get a winning hash number. Mar 11, Posts: I mean really, I'm seeing your paragraph here boil down to a couple things That's how you get millions of dollars of pre-orders for a product that hasn't been developed. You'll be lucky to cover your decouple bitcoin forks transfer bitcoin to bitconnect from coinbase. Hot Network Questions.

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More and more easy money for BFL long after its anywhere close to profitable. Maury Markowitz wrote: I'd thing that the way factories work there would be pallets of these things if there are any. Last edited by Grieviant on Thu May 09, Sign up using Facebook. Unicorn Meta Zoo 3: I agree with RentFree's answer, but another part of the answer is the cost of capital. Regardless, the company has recently announced a next generation ASIC to much ridicule. Allemania Registered: Home Questions Tags Users Unanswered. After announcing changes to the product lines due to engineering difficulties, BFL deep web bitcoin private keys for sale anonymous bitcoin exchange reddit that they usd zcash pound to bitcoin honor the pre-orders with antminer vs asicminer antminers amazon specified speed for the original price. I'm assuming you can even run multiple units off a single PC. That's how you get millions of dollars of pre-orders for a product that hasn't been developed. Who knows though eh. Fizpez wrote: This is really a type of ponzi scheme. Pokrface wrote:

The unit is using a cheaper passive PFC power supply. But here's thing. Basically all of the transactions on the Bitcoin network are broken down into on ave. If the site's scope is narrowed, what should the updated help centre text be? Email Required, but never shown. That's what the miners that bought pick-axes thought, too, but many of them were wrong. And this doesn't scream "scam? Yeah, this to me is the best case scenario. However, FPGAs did come with a higher price tag making the initial investment a bit steeper. Of course shipping them all at once will definitely look like you were sitting on them, so you will want to pace your shipping rate. You need to add in the power that the associated computer is using into the calculation to make it accurate. If the combined horsepower of the network increases, so does the "difficulty" variable, meaning it takes more tries to get a winning hash number. Dilbert wrote: So much so that they had to redesign the boards, and increase the case sizes to accommodate. The question does raise the question of whether it would be possible for a different company other than BFL say a private equity firm with deep pockets might fund their own ASIC mining rig and not release it to the public. It's totally possible that they have used hardware which they sold to customers for their own mining operation. Because those are needed at local sites, with local workers, to do work around the world. Thu May 09, 3: YouTube Premium.

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By selling now, they get the price of the machine no matter what happens to the BitCoin economy. They promised much better power efficiency for those than anyone else could offer, taking fully-paid preorders for their hardware, then it turned out the power usage was four times higher than they predicted and they had to redesign the boards and cases to handle it. I would challenge BFL to prove they haven't done this by making their factory shipping manifests and bills of lading public. Mystery solved, I'd say. Butterfly Labs continually changed their shipping dates, assuring their customers that their ASIC miners would be shipping shortly, even before they had a viable product. Peter Fox Peter Fox 1 1 6. They would not only get plenty of coins with difficulty best bitcoin exchange for low volume james altucher ethereum low, they could drive up the difficulty so everyone would need to buy one of their ASICS. But if you can get people to pre-order, then delay pre-orders Depends on the contract with the producer. I think they just thought that they could make a few bucks selling this safest bitcoin faucet 2019 why bitcoin is about value store, and they expect selling the hardware to mine bitcoins will represent a better investment than mining bitcoins. That's why they had their pre-order process: And this doesn't scream "scam?

Apr 23, Posts: The main purpose of "mining" is to write that history in a way the network as a whole agrees to, and that cannot be altered. Ars Praetorian et Subscriptor. Name required. And this doesn't scream "scam? The car seller doesn't need to worry about that. The funny thing is, the exact same thing happened with their previous FPGA miners. Net - Duration: May 7 '13 at I don't think that the manf is working towards some sort of evil-super-villian-esque plot. If he typically only used that computer for hrs a day presuming a work computer here based on the article and would normally be shutdown at the end of the work day you need to add the additional uptime of that computer to the cost of business. My condolences to all your appliances Well, if he lives in NYC, then yes. GFKBill wrote: Is the outlet voltage in your house so bad that it was necessary to report that power AND current are constant? Stackexchange to questions applicable to…. The smallest of the group is the Jalapeno. Princeton, NJ Registered: A number of people pointed this previous incident out on the Bitcoin forums, and BFL's representative called them trolls and worse, insisting that there was no way that they could blow the power specs on the ASICs and the only reason to bring up the topic was if you were shilling for the other manufacturers.

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Now here is the thing about scams. May 18, Posts: You need to drive it, pay the gas, be lucky and have clients The greatest cost in mining is electricity: I don't think the question was really asking if they should commit fraud, just whether they should keep their design private. Until then they can just sit and make money for you. The other products in the line experienced similar changes. But WHY is the question that bugs me - unless I am mistaken it seems like you are calculating something to prove you calculated something that IS, other than the proof, completely useless. My condolences to all your appliances. Since any research and development, and manufacturing, of future products would still be rolled into the price tag of future units. I'm skeptical of any number without data, to say the least. Durden on Thu May 09, As it turns out, BFL's kit isn't really any more power efficient than Avalon, which shipped months ago.

With the drivers downloaded and installed I decided to go ahead and give Butterfly Labs mining program, EasyMiner, a try. The car is only a part of what brings the money. Yes 50 Watts of power used and heat produced. There's a reason you can't just jump on Amazon and buy a Raspberry Pi "off the shelf,". Downvoted by people who don't understand the post, yet again on Ars, so they downvote. Sep 29, Posts: That's how you get millions of dollars of pre-orders for a product that hasn't been developed calculator ethereum exchange btc monero. The first to find this answer is rewarded with new coins to the network currently 25 along with all the transaction fees for the last block. UnnDunn Ars Praefectus Registered: It seems reasonable to assume that that could have an effect. Mail will best bitcoin savings account ethereum wallet never finishes syncing be published required. The smallest of the group is the Jalapeno. Any answer here will likely be speculative, but another important factor here is PR--Butterfly Labs' customers wouldn't be very happy if the company that made their ASICs was driving up difficulty before delivering. I would challenge BFL to prove they haven't done this by making their factory shipping manifests and bills of lading public. That's big risk.

JonesGear 10, views. No sooner, no later. On a related note, if I had a BFL pre-order I'd be fucking spitting blood that a hack receives their "review" machine before the people who actually funded the development do The funny thing gatehub fee expensive gatehub website review, the exact same thing happened with their previous FPGA miners. But even this means their customers are, essentially, marks. But if the BTC mined outweighs that price tag over any reasonable time horizon, there's still no incentive to push these. You might measure a similar power factor for your computer, for example. The Jalapeno ended up occupying the cases originally meant for the single and little single on the right. I believe it's primarily because at such a large leap forward the bitcoin network would fail. Until then they can just sit and make money for you. As someone who is definitely not an EE and finds electricity to be mostly black magic, what's your take on those numbers, Grieviant? Hashrates tripled during the last four months, bit x cloud mining btc guild bitcoin mining so did the difficulty. On the other hand allowing that these are being made in a factory, it is a little odd that a factory could only make enough to ship them to reviewers. You'll be lucky to cover your investment. Sign in to add this video to a playlist. Your final result looks like a electricity cost of. BkMak wrote:.

More Report Need to report the video? Mystery solved, I'd say. And this doesn't scream "scam? It would make perfectly logical sense for a pharmaceutical company to finance that type of effort by "awarding" coins. I'm pleading ignorance here. The Kill-a-Watt reports, as of this moment: Clearly they are just making sure they are only shipping high quality perfectly functioning units. Please try again later. The first to find this answer is rewarded with new coins to the network currently 25 along with all the transaction fees for the last block. Difficulty will always increase regardless of price and profitability goes away quickly. I wouldn't just blindly assume this is 30 days, though. No, I'll be using the thing and educating myself more over the next several days before I post an actual review.

Pretty. Narrow topic of Bitcoin. They got the money for the pickaxes up front, then they were out of the picture. Thu May 09, 3: Who knows though eh. Essentially it is a few pictures and a vague story about how Lee got this box, ethereum gtx 1050 4gb hash bitcoin cold wallet options it up to a Mac, had a few issues but got them solved and then mined some BitCoins and "gotz some free monies!! They have committed to delivering the hash rates that people ordered, but they're way over the expected power budget. UnnDunn Ars Praefectus Registered: Andrew Klein Andrew Klein 21 1. After announcing changes to the product lines due to engineering difficulties, BFL announced that they would honor the pre-orders with the specified speed for the original price. I think the smartest thing to do at this point would be to wait and the worst thing to do would be to put your pre-order self directed llc bitcoin gt 1030 hashrate monero. Cancel Unsubscribe. May 7 '13 at

YouTube Premium. After unpacking the Jalapeno, I went ahead and plugged the power cord in and connected the USB cord from the back of the Jalapeno to my Windows 7 desktop. Any attempt to change that record would fail because the hash would no longer match. They would not only get plenty of coins with difficulty relatively low, they could drive up the difficulty so everyone would need to buy one of their ASICS. If you sell the hardware, you recover your investment right away. But WHY is the question that bugs me - unless I am mistaken it seems like you are calculating something to prove you calculated something that IS, other than the proof, completely useless. Six months? Without data, it is just a theoretical point. Money, Overhead: Calculating ROI on Bitcoin mining equipment is a bit tricky. Senior Technology Editor et Subscriptor. The Kill-a-Watt reports, as of this moment: As someone who is definitely not an EE and finds electricity to be mostly black magic, I'd love to know your take on those numbers, Grieviant. Sep 2, Posts: Who knows though eh.. Add to Want to watch this again later? In that time several other Bitcoin manufacturers managed to ship their products. Now that it doesn't anymore, here you go Sign up using Email and Password.

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It would feel like BFL was skimming the cream from the top of their customers' profits. There's a reason you can't just jump on Amazon and buy a Raspberry Pi "off the shelf," too. All that's required to turn this ASIC into a mining rig is a room and an internet connection. RentFree's answer is pretty much a fact, no speculation. Overkill Computers , views. GFKBill wrote: You need to drive it, pay the gas, be lucky and have clients The Jalapeno ended up occupying the cases originally meant for the single and little single on the right. I would challenge BFL to prove they haven't done this by making their factory shipping manifests and bills of lading public. Yes 50 Watts of power used and heat produced. Would you wait 6 months to by a standard electronic device? Butterfly Labs, abbreviated BFL, is a manufacturer and online retailer of a unique line of Bitcoin mining hardware. No sooner, no later. If BFL starts shipping them in mass, you'll know about it at no cost to you and can watch the Bitcoin difficulty and calculate profitability.

Like this video? Didn't have full success until we stopped using "-S bfl: BFL is all about slick marketing. Sign up using Email and Password. Regardless, the company has recently announced a next generation ASIC to much ridicule. Last edited by aeberbach on Thu May 09, Probably they took way more factors into account like bitcoin price, appreciation, acceptance, the option to sell another batch, development process. If you're sitting on a shop that makes these, it seems like the best way to get money to invest back into zcoin masternode litecoin vs zcash and research is to make and sell bitcoins, not to make and sell hardware. If you are Ars, not so bitcoin short etrade bitquick vs coinbase - you get an ASIC before everyone else and the difficulty is still at a level where people can mine effectively with GPUs, you have a huge advantage. As it turns out, BFL's kit isn't really any more power efficient than Avalon, which shipped months ago.

I'm not so sure about. Last edited by Build coin on ethereum bitcoin symbol text on Thu May 09, 2: What kind of FPGAs have been used previously for this? This isn't just a minor technical detail either; the same BFL representative was loudly insisting that because BFL's ASICs were so much more power efficient than the competition, anyone who pre-ordered from a competitor would be screwed because soon they wouldn't earn enough to pay for the power required to run their inferior hardware. It would make perfectly logical sense for a pharmaceutical company to finance that type of effort by "awarding" coins. But that would have had long term consequences to their reputation. Butterfly Labs continually changed their shipping dates, assuring their customers that their ASIC miners would be shipping shortly, even before they had a viable product. Soon, bitcoin mining will only be really profitable for those who really have infrastructure Add to Want to watch this again later? If he typically only used that computer for hrs a day presuming a work computer here based on the article and would normally be shutdown at the end of the work day you need to add the additional uptime of that computer to the cost of business. Overkill Computersviews. Fizpez wrote:. Shlepzig wrote: On a related note, if I had a BFL pre-order I'd be fucking spitting blood that a hack receives their "review" machine before the people who actually funded the development do Those are your two choices. But none of that applies .

If you're going to do it for 30 days, why not 60? Essentially it is a few pictures and a vague story about how Lee got this box, hooked it up to a Mac, had a few issues but got them solved and then mined some BitCoins and "gotz some free monies!! Mar 12, Posts: So, as a potential customer and BTC miner, yes you do have to ask yourself What if - and this is pure baseless speculation - some company needed funding to develop their ASIC, sold "pre-orders" to raise the funds, then manufactured and used that hardware for a while before shipping anything in quantity? Anyone trying to add a fake transaction has to compete against everyone else to find the right hash. This still applies to any "future business" argument, because at that point they'd still profit more from producing Mining Thingy 2. Crackhead Johny wrote:. Since any research and development, and manufacturing, of future products would still be rolled into the price tag of future units. The newest gen Xilinx or Altera designs should be amazing for Bitcoin mining. RentFree's answer is pretty much a fact, no speculation. So if I have 10 bitcoins, and I create a transaction sending you 1 Bitcoin, that transaction gets added to a block, and the block gets hashed using this mining process. PowerCert Animated Videos , views. Just buy bitcoins or look elsewhere. Ars Legatus Legionis et Subscriptor. The interactive transcript could not be loaded. Probably they took way more factors into account like bitcoin price, appreciation, acceptance, the option to sell another batch, development process etc. He is busily working on wrapping the changes and the procedure into a package with real documentation, so that should be available in short order. Grieviant wrote:.

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Like the rest of the product line, the Mini-Rig changed considerably from its original specifications. Is the outlet voltage in your house so bad that it was necessary to report that power AND current are constant? Cancel Unsubscribe. Edward Oneill , views. Hot Network Questions. It's really the fundamental flaw here, that folks buying these don't see Apr 18, Posts: What Mac hardware were you running, and which OpenCL graphics card? Net - Duration: Dilbert wrote: Programming in Visual Basic. With Bitcoin, as opposed to normal capitalist markets, monopoly is disastrous to the whole market including the monopoly owner, so any enterprise aware of approaching the status of monopoly will actively fight reaching it - for example, selling a part of their processing power. They do mine. They sound too good to be true. REWA Technology 4,, views. RentFree's answer is pretty much a fact, no speculation. It's like the real estate guru who will sell you the secrets you need to make millions in the property market.

That's how I would maximize profit. The smallest of the group is the Jalapeno. That's how you get millions of dollars of pre-orders for a product that hasn't been developed. I'm just illustrating why I'm skeptical about the 30 days number without seeing data. Feb 22, Posts: Thu May 09, 1: If you are Ars, not so risky - you get an ASIC before everyone else and the difficulty is still rms limited bitcoin capacity limit a level where people can mine effectively with GPUs, you have a huge advantage. It's like the real estate guru who will sell you the secrets you need to make millions in the property market. Maury Markowitz wrote: Crackhead Johny wrote: While this tendency continues, the difficulty will keep on rising. DIY Perks 4, views. This feature is not available right. Hashrates tripled during the last four months, and so did the difficulty. It's really the fundamental flaw here, that folks buying these don't see Thus if you try to change any past transaction in the history of bitcoin, it invalidates litecoin wallet blockchain ethereum price whole history checksum for the next block, and every single one after it. Just a thought. The car seller doesn't need to worry about .

Why not keep them for a year, then sell them? Bitcoin mining is basically cryptographically demonstrating you did work before anyone else, which gives you the right to award yourself some bitcoins. Why would anyone sell these machines, instead of just hoarding them and mining? It's like a taxi. Crackhead Johny wrote: Pokrface wrote: If you use it for mining, it takes some time before you recover what you payed. Linus Tech Tips , views. Would you wait 6 months to by a standard electronic device? For a financial system to function, you need a secure record of transactions.

DIY Perks 4, views. They got the money for the pickaxes up front, then they were out of the picture. Bored Panda 1, views. Looking at history, all you really ethereum price tied to bitcoin wiki antminer to do is is wait and make money with your gear until a competitor is about to hit the market, then ship everything you have got. To date many BFL pre-orders have not been filled. Without it, their block with the fake transaction is rejected. Essentially it is a few pictures and a vague story about how Lee got this box, hooked it up to a Mac, had a few issues but got them solved and then mined some BitCoins and "gotz some free monies!! But if you can get people to pre-order, then delay pre-orders If you don't know, skip it over, or look it up and learn. I Would not be surprised if they collect cash up front for many orders, create a production run which takes 30 days, mine the units for 30 days, and then deliver. As someone who is definitely not an EE and finds electricity to be mostly black magic, I'd love to know your take on those numbers, Grieviant.

I'm skeptical of any number without data, to say the least. Oct 10, Posts: Similar to what a cpumining is. I have to agree with others - I understand if they didn't have a single working unit because it burned out or frankly didn't work, but when you have a handful out there that users can and have been using, there's no reason why you couldn't have hundreds manufactured daily, especially if you have the capital in hand. Senior Technology Editor et Subscriptor. JonesGear 8, views. They sound too good to be true. Once the ASIC based product reaches the masses it won't really be that profitable to run them, and then they'll have a hard time selling wads of chips when it takes people a year to break even, and they can't even play games on it like you can with GPUs. No sooner, no later. In that time several other Bitcoin manufacturers managed to ship their products. Rating is available when the video has been rented. REWA Technology 4,, views. That's how I would maximize profit. NickODell Without production data, it's difficult to pinpoint this which is the question you're raising, I believe.