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Author Topic: BFL ASIC Miner  (Read 4717 times)

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Offline cryptocoinTopic starter

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BFL ASIC Miner
« on: May 19, 2013, 06:50:44 PM »
Does anyone here owns a BFL ASIC Miner? I don't own one actually, I just want to know how you use it as the info I have at the moment isn't enough to answer my questions about the ASIC Miner.
 
I saw on a demo on youtube, after the miner was connected to a laptop it was also connected to a powe supply or the other way around. Also, I saw several miners connected to each other (chain) but I can't see any power supply connected to one of them.
 
Need help because I'm on the costing part of my business proposal. Running a bitcoin business is a bit expensive. 
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Offline BitcoinSocially

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Re: BFL ASIC Miner
« Reply #1 on: May 19, 2013, 07:38:13 PM »
Does anyone here owns a BFL ASIC Miner? I don't own one actually, I just want to know how you use it as the info I have at the moment isn't enough to answer my questions about the ASIC Miner.
 
I saw on a demo on youtube, after the miner was connected to a laptop it was also connected to a powe supply or the other way around. Also, I saw several miners connected to each other (chain) but I can't see any power supply connected to one of them.
 
Need help because I'm on the costing part of my business proposal. Running a bitcoin business is a bit expensive.

The ASIC runs by simply connecting it to your PC via USB and plugging the other cord in a wall outlet. You would then run the software and it would use the ASIC to mine.

You might want to do more research into butteryfly labs... They sent VERY FEW devices out to reviewers who in turn would make videos showing it. Also those devices actually got lower speeds then bfl was claiming as the videos show. There are thousands who have never received anything though... BFL has bean pushing shipping dates back over and over.. For example a order in February was schedule not to ship until July but those even have been pushed back. The wait time is like 4-8 months and every time it comes close to start shipping there is a new excuse and they dont ship again for months.

I personally have not ordered one due to this. I figure if they ever catch up on the millions of dollars worth of orders that have been pending for a long time... Then maybe I will order. I believe they are currently overdoing themselves with preorders.

The things that have really kept me away is the high amount of unfilled preorders, the constant excuses to push shipping dates back more, and the fact the CEO has bean charged with fraud.

Things you might want to look into are:
Butterfly Labs CEO 25 Million USD Mail Fraud - https://bitcointalk.org/index.php?topic=110805.0

Bryan Micon asks Josh Zerlan (BFL CEO) about the product. See what the BFL CEO has to say to about his product at the 2:20 mark.
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« Last Edit: May 19, 2013, 07:41:37 PM by BitcoinSocially »
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Offline btcrep

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Re: BFL ASIC Miner
« Reply #2 on: June 05, 2013, 03:13:59 AM »
Listen to BitcoinSocially.

Just need to emphasize due diligence - especially if you're looking to take in other peoples money, best be absolutely sure you can obtain the equipment that is central to your business plan.

The next question would be you mention of expensiveness - Jalepenos are purportedly quite cheap (though the price appears to have risen a bit since I placed my preorder, but then, I've been waiting since fall of last year). I'm assuming that you're costing out more than one unit. Generally, you'll find the best deals in the dollars per MH sense by buying the more top of the line units.

For instance, rather than purchasing 5 Jalapenos for $1375 in order to obtain 25GH, you'd save $125 by buying a single 25 GH Miner from them. And depending on what your budget is, you might be better off looking at units from Avalon, though you'd have to wait for another batch to be produced.

Time is awaisting, though. Difficulties are skyrocketing as Friedcat brings more and more hashing power online. It ultimately might be more cost effective to pay an inflated price on eBay for an already shipped Avalon unit than to wait another 6 months potentially for something to ship from Butterfly - by the time you receive it, who knows what the network difficulty and hash rates will be by then?

Just food for thought. But definetly be wary of creating a business plan that depends on receiving a unit from Butterfly Labs - once they DO start shipping, they're going to have to ship the last years worth of orders before they get to yours.


 

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