Butterfly Labs' Jalapeno aims to spice up bitcoin mining

[WTS] Butterfly Labs Jalapeno Bitcoin Miner ($450 /.6 BTC)

http://imgur.com/a/anzNi
Unit metered at 4.3 Ghz. Unit has been powered on and test-mined and confirmed variance. Includes original power supply, USB cable and the miner itself. Will ship anywhere in the United States for $15 I have to charge $35 for foreign addresses. Local pickup for free! (Dallas, TX)
Marked as Warranty Void as these are Refurbished Models; All Sales are Final. Item is in hand and will ship same or next business day.
submitted by jat0369 to BitMarket [link] [comments]

[WTS] BFL 10.1 GHs Jalapeño & 60 GHs Singles Bitcoin Miners

Recently upgraded BFL Jalapeño to 10.1 GHs. ($600) Also have 4x BFL 60GHs Singles for sale as well. ($1800)
www.NTXbitcoin.com
submitted by jat0369 to BitMarket [link] [comments]

Accountant Jonathan Day talks Bitcoin to a tech meetup in the offshore finance island of Jersey. (ASIC, USB miner & Butterfly Labs Jalapeno)

Accountant Jonathan Day talks Bitcoin to a tech meetup in the offshore finance island of Jersey. (ASIC, USB miner & Butterfly Labs Jalapeno) submitted by bitcoinoisseur to Bitcoin [link] [comments]

Butterfly Labs Jalapeno 7+ GH/s BFL ASIC Miner is for sale on cryptothrift.com for Bitcoin and Litecoin https://cryptothrift.com/auctions/crypto-mining-asic/butterfly-labs-jalapeno-7-ghs-bfl-asic-miner/

Butterfly Labs Jalapeno 7+ GH/s BFL ASIC Miner is for sale on cryptothrift.com for Bitcoin and Litecoin https://cryptothrift.com/auctions/crypto-mining-asic/butterfly-labs-jalapeno-7-ghs-bfl-asic-mine submitted by duetschpire to cryptothrift [link] [comments]

Butterfly Labs Jalapeno 7+ GH/s BFL ASIC Miner - For Parts - Not Working is for sale on cryptothrift.com for Bitcoin and Litecoin https://cryptothrift.com/auctions/crypto-mining-asic/butterfly-labs-jalapeno-7-ghs-bfl-asic-miner-for-parts-not-working-5/

submitted by duetschpire to cryptothrift [link] [comments]

My bitcoin value has surpassed my decade long stock account

Throwaway account because I'm revealing more than I want tied to my primary account.
I'll put the TL;DR at the top.
TL;DR: Apparently, I'm well off and 2 years of bitcoins are worth more than 10 years of stock market investment.
I'm nearly 50 years old. A few years out of college and I just barely broke $20k salary. That was worth more than $20k today, but was still a lousy wage with college loan debt. I briefly (1.5 years) had a dotcom job at the turn of the millineum making more than I do now, but I had never had money like that before and boosted the economy instead of putting any aside. I did get some nice toys, though.
Add on another 1.5 years of unemployment, living off my wife's meager salary and a few odd under-the-table jobs, and I finally landed a decent paying job again. Nothing like the dotcom days, but close. However, I'd learned we could live on much less and I wanted a cushion. I dumped tons into my 401k, my savings account and opened a Scottrade account. A little money goes each month to savings and Scottrade.
Roughly ten years later, my 401k is about 3 times my annual income. The Scottrade account is about 30% of it.
Two years ago, I heard about bitcoin on Slashdot. It sounded interesting. I started mining on my son's gaming machine, which meant it was only mining when my son wasn't playing games and if he remembered to start the miner when he was done.
I mined solo for a few days, and quickly joined a mining pool. I was getting a bitcoin every three or four days initially. That didn't last long.
I opened a MtGox account, added some cash and purchased btc almost at the height of the 2011 spike.
I felt like an idiot.
I bought some Casascius coins. I left my MtGox account alone.
This was also around the time the 99% protests were going on. I felt very sympathetic. I remember in reading about the protests, I stumbled across a site that showed what percentage people were based on annual income. With mine and my wife's income, I was above the 90th percentile and below the 95th. I remember the horror and disbelief I felt.
Througout it all, I continued mining. I got lucky during the early 2013 spike and sold some of the MtGox stuff I'd had sitting there. I also got a high end SLR camera at bitcoinstore.com almost at the peak. I was feeling pretty good.
I bought a ButterflyLabs Jalapeno with bitcoins just before that first 2013 spike. I also stopped even trying to mine with a graphics card soon after that because it made no sense. I did eventually get delivery of the Jalapeno. It's earned almost .68 bitcoins. Don't ask what it cost in bitcoins, because I don't remember and I don't want to know.
After realizing my MtGox profits couldn't be pulled out in dollars in any reasonable timeframe, I converted them to bitcoins and pulled them out. I got more bitcoins than I sold them for, but not by much.
So, now I own bitcoins in the high 2 digits, about a third of them are still in physical Casascius coins. I only have an account on MtGox, so I have no real way of converting any of them to cash. I still have $100 sitting in the MtGox account, which I should have converted into bitcoins and pulled out long ago, but I'm frustrated by the premium bitcoins require in USD on MtGox.
For nearly ten years, I've been putting money in my Scottrade account. I saw the collapse in 2008 and mostly held. I bought bank stocks at that time and made a killing. That killing was offset by the REITs I'd invested in before the crash.
In ten years of regular transfers to Scottrade and investment that has gotten better as I've gotten older and more cynical, I've accumulate about 30% of my annual income.
In the last few days, even with the purchase of a cool SLR and the cut involved in Casascius coin purchases, my double-digit bitcoin ownership has now surpassed my Scottrade account in value. I don't have an easy way of converting that bitcoin to USD, but I'm also not concerned about that because I think that easy methods will exist soon.
I fully expect that my bitcoins will be worth less in the near future. However, I believe in the long term, they'll be worth more and that I'll have a number of easier possibilities for converting them to USD if I want to.
I also believe the analogies to the early WWW are flawed. I think analogies to the IP protocol are more apt and that we've only begun to imagine the possibilities.
I'm in it for the long haul. They'll either be worth nothing or much more than now. And, if I add up my electricity costs and the small investment I made during the spike in 2011, I'm still ahead of the game because I have an SLR camera that my wife would never have let me buy with cash.
I'm already ahead of the game and I think the game hasn't even started.
EDIT: Grammar
submitted by throaway419 to Bitcoin [link] [comments]

The $22,484.00 Butterfly Labs Mini Rig bitcoin miner is a huge, broken, unstable piece of shit.

(This was a rather controversial article posted on Buttcoin.org and became quite popular, even moving to the top of /bitcoin. It's since been mysteriously edited on the site [maybe by g-g-g-ghosts!] so it's being reposted here for posterity's sake. Some numbers may be off by now, but it was all accurate at the time of posting.)
Butterfly Labs has a long and horrible history with their mining rigs. They started taking pre-orders over a year ago, with a ship time sometime in late July. After numerous delays in production, shipping problems and general incompetence, the only thing they’ve managed to get out the door are some of their tiniest miners, the Jalapenos. And those mainly ended up in the hands of reviewers and blogs in order to keep pumping the Butterfly Labs hype train and securing millions of dollars of pre-orders still in limbo.Lucky BFL forums user Luke-JR however scored a sweet Mini Rig from Butterfly Labs (it’s just a coincidence he’s a driver developer for them I’m sure). This rig was originally promised to produce 1500 GH/s hashing power at 1500 watts for $30,000, but has since seen it’s hashing power slashed to a third of what was promised and it’s power consumption increased 75%, now just offer 500 GH/s at 2400 watts. They’ve promised to make good on pre-order buy sending out 3 rigs to match the initial hashing rate, so now it’s only 1500 GH/s at 6900 watts, a reduction in GH/Watt by a factor of 5.
So what does $22,484 buy you? Take a look!
Minirig is here! Today, my Minirig arrived.
http://i.imgur.com/Yp0WPvE.jpg
FedEx apparently dropped it somewhere along the way, and the weakest part of the case, the thin metal part around the back of the PSU, broke.
http://i.imgur.com/lFcOHxP.jpg
I’m not sure how sturdy the back side was supposed to be, but its two pieces aren’t quite together either.
http://i.imgur.com/AVttcOt.jpg
The power supplies (EVGA 1500W) also created havoc interfering with the neutral on the power line. This disrupted X10 communication significantly enough that the pool overflowed because the system controlling it was unable to turn off the pump. Workaround: This PSU supports 240V, so we rewired the outlet. 240V does not use neutral, so now all should be okay.
Edit: 240V workaround is only partial. Still having problems
But the good news is, it all seems to be working for the most part.
Next up, installing it in the window so the heat goes outside
A twenty two thousand dollar box of electronics that is broken out of the box, that required the guy to do a sketchy electrical workaround to get partially working, that he is going to install in a window… and he’s happy about it?
In case you didn’t notice it, the delivered unit is different than the picture on the website. They had to install 2 power supplies instead of 1 and had to modify the case to fit. Also, if you didn’t notice, the LCD/Phone thingy in the front has been replaced by … a piece of cardboard spray painted black. Wonderful.
You could maybe chalk this up to a careless Fedex postman, but when you’re shipping something that costs as much as a mid-sized sedan, how bought putting a little more effort into packing? Dell and HP can ship bigger and heavier servers across the world without this kind of problem.
The unit had to hit its huge power draw increase by putting dual EVGA consumer grade power supplies in the unit. We’re talking almost a 75 amp load (6*1500/120), disregarding power factor. He could very well overload the circuit panel and trip the main breaker for the house.
Let’s take a look inside this guy.
This is from an earlier version of the Minirig (note the single power supply) This is apparently from an earlier FPGA but it will give you a good glimpse at what kind of craftsmanship you can expect from a computer that is half the average household income in the United States.
Consumer grade PSU and cheap USB hubs glued to the inside case.
Electrical tape and random velcro glued to the insides
A closer look at the USB hubs. Plugs are hot glued to stay secured.
Electrical tape everywhere, splices and voided hardware are the theme.
You can view the entire album here.
Despite all that, this thing can still mine bitcoins and it should be profitable. Keep in ind that many people jumped in on the preorders a year ago when bitcoins were still hovering around $6.50 per. Meaning customers paid 1562 bitcoins for that particular piece of shit, which at today’s value is $156,200. Aston martin money. How long will it take them to make their money back (as apposed to just hanging on to them)? If the difficulty didn’t change, they would make 37 bitcoins a day and recoup the initial investment in 124 days. Difficulty is jumping pretty much 20% every 12 days or so, so in the next week before adjustment, they’ll make 259, the next 12 days 369, the next 12 days 312, then 256, then 213, etc.
So by day 127, they’ll be halfway to breaking even, but by day 151 they’ll be making less than 5 bitcoins a day, and even if difficulty stopped rising at that point(which it won’t), it would take another 435 days for a total of 586 days to break even. If difficulty kept rising at the same pace, by day 200 they’d be making 2.4 bitcoins per day, and it would take 1024 days to break even with no difficulty increase. Assuming 25 cents per kw/h, and $100 a bitcoin, it would cost 0.43 of a bitcoin per day in electricity which means the unit would no longer be profitable on a power usage basis by day 307, at which point it will have produced 2620 bitcoins.
Bear in mind this is only for the first few units, and that’s running 24/7 pumping out around 24,000 BTU, so yes, medical bills from heat stroke will be on top of that.
But Alas, the chips don’t run nearly as well as they’re supposed to, frequently running too hot and giving multiple hardware failures. Coindesk noted in one of the first ever runs of the Minirig by hosting provide gigavps that it was running much too hot and erroring out.
At the time of posting, gigavps warned that the unit would be repeatedly shut down while ckolivas, who was assisting, modified the machine’s software to optimise performance. After some tweaking, the device was said to have been left to run continuously for two hours, and was shown to have an average hash rate of 478.1 GH/s. As you can see in the table below, ASIC number four (of a total of eight hashing chips) ran significantly hotter (86 degrees) and consequently gave the highest hardware (HW) error rate.
http://i.imgur.com/q3iGrnb.jpg
So, what happens if you just decide you don’t want this, you don’t want to wait over a year to get a $22,000 broken piece of shit? Nothing, because BFL won’t let you cancel your preorder because they’re now “shipping”, i.e. they sent out one unit to their own company shill.
http://i.imgur.com/0p3Up03.jpg
Which is of course illegal regardless of what Butterfly Labs may say.
So in summary: Don’t buy anything from Butterfly Labs … ever.
submitted by borderpatrol to Buttcoin [link] [comments]

PSA; Anticipated ROI on Butterfly Labs Mining Equipment

I ordered a Butterfly Labs Jalapeno on 4/7 and received delivery of that device on 10/30. It has now been mining its little heart out for two weeks, and I am now able to predict with unwarranted confidence how long it will take to pay itself off.
In April at the time I was ordering, Bitcoin was trading at about $130, making my $279 investment (not including tax and shipping) the equivalent of about 2 bitcoins, give or take.
In two weeks I have mined 0.2BTC! And yet not all is roses. In the same period my average daily mining return has dropped from 0.024BTC to 0.0072BTC. This is the unfortunate side effect of increased mining difficulty.
If mining continues to grow at the current rate then the time required to mine my next 0.2BTC will double to 4 weeks, putting me at December 13th of this year.
But calculating all of these returns was taxing my poor brain, so I put these assumptions into a spreadsheet, and have now modeled how long it will take to pay off my miner.
With a degree of confidence I do not feel, I can state that I will almost certainly have earned 2.0BTC by January 17 of 2053, or shortly before my 90th birthday, and although this neglects any accounting for the power required to operate the miner including such trifles would make the returns negative so much sooner that I've chosen to ignore them.
I am elated, who could have predicted how valuable this investment would prove. On a side note, does anyone want to buy a miner or two? I have two more on order with a purchase date of 6/6; you can skip more than five months in line and get payback before 10/22/2641, guaranteed.
Oops, I forgot to account for reductions in the mining rewards. Well, back to the drawing board.
submitted by ksmathers to Bitcoin [link] [comments]

Frequently Asked Question: What's an ASIC, FPGA?

So you're sick of just mining on your GPU, and not a fan of the electric bill after a month of mining? There has to be a better option out there than your loud GPU in your gaming computer. There is!
Shortly after GPUs became popular for bitcoin mining, enterprising folks started looking at other things they can re-purpose to mine bitcoins more efficiently. Around mid-year 2011, the first devices sprang up that are called FPGAs or Field Programmable Gate Arrays. These are nothing new to the hobbyist community, they've been around for a while for crackers and other security-conscious folks looking at ways to defeat cryptographic locks. Hey! I know something that uses cryptographic calculations to secure its network! BITCOINS! Yep, so some miners developed their own boards and slapped some FPGA chips on them (most commonly the Spartan-6), and wrote specific firmware and "bitstreams" to more efficiently calculate bitcoin hashes. The first generations were sort of slow, but still they had better efficiency than a GPU. Some of the latest generation included the Icarus boards, Cairnsmore, x6500, and ModMiner Quad.
In early 2012(i think my timeline is right), Butterfly Labs(BFL) was selling their own FPGA miner that hashed at 800 Mhash/s using 80 watts and only cost US$600 amazing! These grew very popular, but people could see that FPGAs still weren't the most efficient way to hash their shares. BFL then announced that they would be designing their own chips that would be orders of magnitude faster than anything ever seen. These would be the ASICs (or Application Specific Integrated Circuit)everyone is raving about. ASICs are--as the name implies--specifically designed for one thing, and one thing only. Bitcoins. This is all it can do, and can't really be repurposed like an FPGA to other applications. Who wouldn't want a US$150 "Jalapeno" that hashes at 3.5 GIGAhashes/s using only power from a USB port?? Crazy! So summer 2012, BFL says they will ship before Christmas. Various things happen and we now still don't have any confirmed ship dates from BFL.
A few other companies have sprouted up, ASICminer which I believe is developing their own chips to mine themselves, but in a responsible way as to not threaten the network with a sudden influx of hashing. bASIC was a fiasco that was developed by the creator of the ModMiner Quad(which is actually a fantastic miner, I own one, and love it.) where he took many preorders, promised lots of people amazing ASIC performance, but in early 2013 the stress of the whole endeavour got to him and he gave up, refunded money(I think it's still being refunded now, or maybe it's been cleared up already.)
Avalon is the only company we know has ASIC mining hardware in the wild. It is not certain exactly how many are out there, but they have been confirmed by independent sources. The Avalon units are expensive(75 BTC) and have been in limited production runs (or batches) of a few hundred units that were pre-sold out very quickly.
All of this info is gleaned from the Custom Hardware forum over at bitcointalk.org over the past year or so I've been involved in bitcoin. I may have some facts wrong, but this is the gist of the situation and hopefully gives you an insight on the state of the hardware war against bitcoin
Thanks for reading!
submitted by purelithium to BitcoinMining [link] [comments]

The people have spoken and the ban has been lifted. Talk of Butterflylabs is permitted. I still think it's a bad idea to buy one at this point...

After reading this post and feeling sorry for that hopeful bitcoin miner, I took it upon myself to ban all discussions of butterfly labs until the company was proven capable of shipping products.
After some reflection on the situation I realized how wrong that demand was.
Although I still think it a horrible idea to make a purchase from butterflylabs, I am not going to ban the discussion of it.
Good luck out there!
submitted by HighBeamHater to BitcoinMining [link] [comments]

[US-CA][H] 5+GHs Bitcoin Miner (BFL Jalapeno) [W] Bitcoins or Paypal

Hey!
I have a Bitcoin miner that I'd be willing to part with. I want to sell this model of Bitcoin miner. It is plug in and play, just grab the software/drivers from the Butterfly Labs Website and you will be making Bitcoins in no time. The miner only has about a month of wear. It will not be shipping with a PSU however, as I need it's PSU for another miner, but it just takes a standard 13V/6A DC PSU. I'm looking for ~40$ plus shipping. The miner tends to mine between 5 and 7 GHs.
Confrimation: http://i.imgur.com/Rp4Lbh6.jpg
I look forward to doing business with my fellow Redditors!
submitted by VivaLaPandaReddit to hardwareswap [link] [comments]

1st BTC/Altcoin Mining Guide, Feedback Welcome!

When I decided to write this guide, I was throwing cryptocurrencies around like they were nothing. I was foolish in the fact that I disregarded the exchange fees that are attached with the services that those exchanges provided. I'm in by no means a cryptocurrency genius, and I'm still not extremely seasoned at it, but I've learned enough about cryptocurrencies in the past month that I feel confident to pass on the knowledge I have learned and to help those who are overwhelmed on where to start.
So what exactly is a cryptocurrency? According to technopedia (n.d.) a Cryptocurrency is a type of digital currency that is based on cryptography. Cryptocurrency uses cryptography for security, making it difficult to counterfeit. Public and private keys are often used to transfer the currency from one person to another.
When mining cryptocurrencies, one important concept needs to be established, and that's hash rate. Hash rate is simply a unit of measurement of processing power. The more your hash rate is, the more profitable mining becomes.
This guide uses specific sites and software, chosen by myself, as a great springboard into the cryptocurrency world. These sites and software are extremely flexible, easy to use, and integrate very well together. The mining pools I've chosen are multiple currency pools, designed to consolidate a major of the cryptocurrencies together, and instead of using several mining pools, you use three.
These are the things you'll need to get started: MultiMiner
Accounts at Coinotron, The Mining Pool Co., and BitMinter
Accounts at Cryptsy and Coinbase
There are a few different ways to mine for cryptocurrencies, the common of which are using your Central Processing Unit (CPU), Graphics Processing Unit (GPU), and Application Specific Integrated Circuit (ASIC) devices. CPU based mining is not profitable any longer, and will cost you money in the end by increasing electricity costs. GPU based mining is still popular, but losing steam against ASIC based mining. If you choose to use your GPU for mining, AMD/ATI based graphics cards (especially the Radeon HD 79xx series of cards), are the most efficient. If you have an nVidia based graphics card, I'm sorry. You can still mine on nVidia cards, but your hash rates are going to be much slower when compared to their AMD/ATI counterparts. If you chose to use GPU mining, Black Friday or Cyber Monday are you best bets for upgrading your equipment. ASIC based mining is quickly losing value with the changing difficulty on all networks, but it's the most cost effective way to increase your hash rate, and see a positive return on any equipment purchases. If my math is correct, using the methods in this guide, in order for any ASIC device to yield a positive cash flow, you've got to get a device that has at least a 5Gh/s rate (such as the Butterfly Labs Jalapeno).
Now for the fun part, explaining how everything in this well greased machine is going to work. Patience plays a big part in the cryptocurrency world, and when I first started, I had none. I was so eager to see the amount of Bitcoin go up, regardless of how much I was getting penalized in fees from trading. So, that's the first step on your journey. PATIENCE. I CANNOT emphasize this enough. Sometimes, you've just got to hurry up and wait, the effects of waiting things out on the cryptocurrency market WILL PAY OFF.
Step one of this machine is signing up for all three pools (BitMinter, Coinotron, and Mining Pool Co.). This is so that you can actually get server addresses to plug into MultiMiner, after signing up for these services though, you've still got a ways to go.
Step two is sign up for Cryptsy. I chose Cryptsy because of the features they're going to offer at a later time, as well as support for 60 cryptocurrencies (which covers all but one of which we can mine). When your Cryptsy account is setup, you will need to go into the Balances portion of Cryptsy, and find all of the currencies in which you will be mining from the pools. Once Balances are loaded up, you will need to click on the Actions button next to the currency, and click Deposit / Autosell, and then Generate Address. There's a small clipboard near the address it generated, and that will copy the address for pasting in the mining pool websites. You will want to copy, and paste all of them to a text document, along with which currency it belongs to. Not only does this keep you from juggling back and forth trying to figure out things, but it helps for reference and setting up MultiMiner.
Once you have those accounts setup, you'll want to sign up for Coinbase. A WORD OF WARNING FOR THOSE WHO ARE PARANOID... Coinbase will want to link to a bank account, this is mandatory if you want to trade your currencies for cash. If you want to trade currencies, just for the sake of trading, then you can skip Coinbase altogether. You can transfer your Bitcoins from Cryptsy straight into Coinbase, and then sell the Bitcoins from Coinbase, and straight into your designated bank account.
MultiMiner, oh how amazing you are. For every cryptocurrency available in all pools, you will need to add these coins, along with server addresses, log-ins and passwords. To do so, click on the drop down next to the Settings button, and click Coins. From there, click on Add Coin, and choose each coin from a pool. This will list it in the box to the left, and give you the ability to add information on the right. You can add multiple servers as well, in case the current server you're mining on goes down. After all your coins are setup, you'll need to setup your Strategies. Click the drop down next to Settings, and chose Strategies. Check the Enable Strategies check box, choosing Straight Profitability from the drop down, and checking the Strategy every five minutes (that way you're not losing money by mining something that has dropped in price). This aggressive price checking makes it to where you're always on top with whatever you're mining. Also make sure you have Mine the Single Most Profitable Coin selected. Stick with CoinChoose as your price source (under Settings), as CoinWarz charges for there services beyond a certain point. Click Start, and take a vacation.
Reading the charts on Cryptsy can be a little tricky, and scary if you've never saw those types of graphs before. Those graphs are called Candlestick Charts, and are used primarily in the stock market. I won't go in to great detail on this, however, you can find a nice cheat sheet on the subject here.
I hope everyone enjoyed the guide, sorry for being punctual and brief, but there isn't anything too elaborate of complicated about searching for cryptocurrencies. I love mining as a hobby, mining's fun, and if there is any money to be made off of mining from my end, great, if not, I had fun mining.
While compiling a spreadsheet of the minable currencies in this guide, if everything is set up correctly (and assuming servers aren't down), you should be able to mine the following:
And while Mining Pool Co. offers ASICcoin and Unobtainium, ASICcoin isn't supported in MultiMiner, and Unobtanium isn't supported in Cryptsy. I still mine for Unobtanium in hopes that Cryptsy will include it one day.
References
Cryptocurrency. (n.d.). In technopedia. Retrieved from http://www.technopedia.com/
submitted by ford0415 to BitcoinMining [link] [comments]

[WTS] Last chance, only 19 hours left! 6.6 GH/s BFL Miner

I'm selling my BFL miner on Ebay. It sells in 19 hours, so if you bid the highest, I'll accept Bitcoins as payment (you can see in the description I say that I'd accept alt-currencies, with a wink wink nudge nudge).
If you have any questions, please ask!
submitted by Skull1234567 to BitMarket [link] [comments]

Questions from someone who is new to Bitcoin

Hello, I am very interested in trying bitcoin or litecoin to make a few extra dollars here or there. I've done some research, and I have a few questions.
Right now, I'm looking at the Butterfly Labs Jalapeno. https://products.butterflylabs.com/homepage/5-gh-s-bitcoin-miner.html. It costs $275, and it processes 5GH/S. I ran that through the Bitcoin Calculator (https://bitclockers.com/calc) and it estimated that it would return $15,000 a year at bitcoin's current price of 148.00. (Click this link to see my settings: http://bitclockers.com/calc/mining_difficulty/7673000/difficulty_change/2/btc_per_block/25/value_per_btc/148.8/mhash_rate/5000/cost_per_kwh/0.12/watts_consumption/750/total_days/90/hardware_cost/250)
I'm pretty sure I'm missing something here. I figure there's no way I should expect that kind of return. What am I missing? How much should I expect to make? What advice would you offer to a noob like me? Right now, I'm mostly in the research phase, I don't want to dive in until I'm sure it's the right decision.
submitted by johndavismit to Bitcoin [link] [comments]

[WTS] YOU HAVE TO WIN IT FIRST! 6.6GH/s BFL Miner BWAAA

Catchy & attention grabbing title: Check.
I'm selling my BFL miner on Ebay.
It sells in 4 days, so if you bid the highest, I'll accept Bitcoins as payment (you can see in the description I say that I'd accept alt-currencies, with a wink wink nudge nudge).
I don't THINK it's against the rules to post here for something on Ebay, if it is please let me know.
submitted by Skull1234567 to BitMarket [link] [comments]

BFL Labs confirm shipping of units.

A copy of the email as follows:
Shipping Update View this email in your browser
Products Support Forums Contact Us BFL Products Shipping Now May 1, 2013
Dear seppukkake,
Shipping of our BitForce SC ASIC miners has begun!
You may have seen news reports of our ASIC miners in the wild and some of you may have already taken delivery. It's all true. We're finally shipping. You will receive your order as we work through the shipping queue .
If you didn't know, you can check your order status on our website. Log in by clicking here. Use the same email and password you set up your account with.
If you don't have your password, use the Lost Password function to create a new one.
So what took so long?
This third generation of our SHA256 engine was a complex multi-year investment in bringing the latest semiconductor technology to bitcoin mining.
Developing a fully custom 65nm ASIC processor is not a casual undertaking. In fact, the new products have improved mining speed by a factor of 72. This much advancement doesn't come easy and it's fair to say that getting here has been eventful.
The key issue has been the engineering related to accommodating larger power draws than expected. A good example is the Jalapeno product. It was originally designed to be powered by USB but now consumes the power of a small light bulb (30w).
Consequently the power regulator, enclosure, airflow and PCB needed upgrading to suit. Although we are very aware of the undesirable dynamics of any delay, we were nonetheless obligated to make these updates in order to deliver a reliable product at the expected performance. The same adjustments have been made with all products in the lineup. You can see the adjusted product cases in our currently posted product lineup. (The Mini Rig case will be double shipped to satisfy their orders which is why we've run out Mini Rig enclosure stock).
Final confirmation is required
Please be advised that due to the adjustments described above, we need your confirmation prior to release of your order into the final build queue and on to final delivery. It may also be a good time to review your purchase altogether relative to the bitcoin market as this is the last opportunity to do so. If your order is not confirmed, it will be canceled and your money will be refunded.
Thank you for your support and we wish you great satisfaction with your product!
Jalapenos Out the Door Packaged for its adventure to a new home. Bye Jalapeno! Your owner eagerly awaits your arrival.
Easy Miner Beta Release An easy way to mine with a GUI and real-time Bitcoin statistics, developed for Windows and Android. Linux version coming soon. Download and participate in the beta by clicking here.
New Single Form Factor The new form factor for the Single. The new body offers room for performance growth while keeping things ultra cool.
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submitted by seppukkake to BitcoinMining [link] [comments]

What's my Butterfly Labs 5 GH/s ASIC miner worth?

I ordered a Butterfly Labs Jalapeno ASIC miner last June and it finally arrived today. With today's Bitcoin valuation (1 BTC = $125), this miner will generate about $800 a month.
Looking on eBay, pre-order BFL 5 GH/s miners are selling for over $1000. There's an immediate delivery 5 GH/s ASIC miner that sold for $3000. 1 GH/s FPGA miners have sold for $1500 (ModMiner Quad). If people are paying $1500 for 1 GH/s, then 5 GH/s should be worth $7500.
What's my miner worth? One sold for $3000. Extrapolating the FGPA miner, it could be worth as high as $7500. Should I sell the miner, or use it to mine? Difficulty is only going to increase, especially once ASIC miner shipping ramps up.
submitted by ribbitcoin to Bitcoin [link] [comments]

For Sale: Butterfly Labs Jalapeno 7+ GH/s BFL ASIC Miner on cryptothrift

For Sale: Butterfly Labs Jalapeno 7+ GH/s BFL ASIC Miner on cryptothrift for cryptocoins
Tags: BFL, Butterfly, Miner, usb
cryptothrift is a Bitcoin, Litecoin and altcoin marketplace and auction site with automated escrow.
submitted by cryptothrift to cryptothrift [link] [comments]

Butterfly Labs 5 GH/s ASIC Bitcoin mining rig, the Jalapeno Part 1 My Butterfly Labs Jalapeno 5GH/s bitcoin miner BITCOIN MINER: JALAPEÑOS DE BUTTERFLY LABS (21 Gh/s) Butterfly Labs 5 GH/s ASIC Bitcoin mining rig, the Jalapeno

Bitcoin Mining Hardware Costs. This is the most important segment of any bitcoin mining equation. ASIC (Application Specific Integrated Chip) mining rigs will give you the best bang for your buck, but the entry models cost in excess of $1,000. Top of the line rigs can easily reach a price of $5,000. 11-13 GH/S BITCOIN MINER JALAPENO Customer Questions & Answers See questions and answers. Customer reviews. 2.6 out of 5 stars. 2.6 out of 5. Butterfly Labs only charges $275 (5GH/s non-upgraded unit) for these on pre-order but their delivery time is quite long, more than 60 days and historically much longer. “Thank you for your order from Butterfly Labs! Your order (#100051872) was shipped via USPS Priority Mail Int’l on 11.8.2013. You can track your package at any time using the link below.” So basically it took 6 months and an e-mail with the threat of a lawsuit for BFL to ship the miner! Finally it was there… Amazon.in: Buy Asic Bitcoin Miner - Butterfly Labs Jalapeño online at low price in India on Amazon.in. Check out Asic Bitcoin Miner - Butterfly Labs Jalapeño reviews, ratings, features, specifications and more at Amazon.in 11-13 GH/S BITCOIN MINER JALAPENO Product information Technical Details. Collapse all. Other Technical Details Brand Name Butterfly Labs Item model number BF0005G Hardware Platform PC Operating System Windows 7, Linux Item Weight 1.34 pounds Product Dimensions 10.7 x 8.3 x 5.4 inches Item Dimensions L x W x H

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Butterfly Labs 5 GH/s ASIC Bitcoin mining rig, the Jalapeno Part 1

Butterfly Labs 5 GH/s ASIC Bitcoin Miner (Jalapeno) Review - Duration: ... Bitcoin mining mexico butterfly labs 10gh/s - Hackwise - Duration: 9:37. HackWise Recommended for you. BFL Jalapeno Firmware unlock with AVR Dragon flash Bitcoin ASIC - Duration: 4:46. Sirus20x6 6,810 views. 4:46. Bitcoin mining mexico butterfly labs 10gh/s - Hackwise - Duration: 9:37. can you see the red led? every blink means a new share has been accepted! -~-~~-~~~-~~-~- Please watch: "Come diventare piloti di kart" https://www.youtube.c... The Butterfly Labs 5 GH/s Jalapeno. This is the small ASIC miner from Butterfly Labs.