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Bitfury 400 GH/s Bitcoin Mining Rig Hits US Shores

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Re: Bitfury 400 GH/s Bitcoin Mining Rig Hits US Shores

#3
I've got to commend Bitfury, the Levi's of bitcoin.

Just as in every gold rush, it is a much more blessed position to be the one selling the blue jeans and shovels than to be the one attempting to sift and mine.

I wonder if Bitfury accepts bitcoin as payment. I suspect they do not. EDIT: You can totally pay with bitcoin - http://www.bitfurystrikesback.com/checkout/

Re: Bitfury 400 GH/s Bitcoin Mining Rig Hits US Shores

#6
According to this calculator [0], in one month, you can expect to earn $20,724.53 dollars (ignoring price changes, difficulty changes, and operating costs). This seems too good to be true, however. Invoking the old adage, "In a gold rush, sell shovels."

I wonder what effect all this has on the Bitcoin economy. If everyone begins doing this, then it will become extremely difficult to mine any Bitcoin without any sort of gear. Feathercoin [1] appears to try and stop this, although I am not sure how effective it is.

  [0] http://www.alloscomp.com/bitcoin/calculator
  [1] http://feathercoin.com/

Re: Bitfury 400 GH/s Bitcoin Mining Rig Hits US Shores

#7

You know, for $15,000 I'd expect them to throw in a $200 case.

I think in order for those products to be profitable they need to sell them very very quickly (because of the ever increasing difficulty of the bitcoin mining), so maybe they didn't take the time to design an enclosure and decided to start selling them as soon as they had something working.

Very expensive hardware with a very short shelf life, it must be quite interesting (and stressful) to design.

Re: Bitfury 400 GH/s Bitcoin Mining Rig Hits US Shores

#8

According to this calculator [0], in one month, you can expect to earn $20,724.53 dollars (ignoring price changes, difficulty changes, and operating costs). This seems too good to be true, however. Invoking the old adage, "In a gold rush, sell shovels." I wonder what effect all this has on the Bitcoin economy. If everyone begins doing this, then it will become extremely difficult to mine any Bitcoin without any sort…

> it will become extremely difficult to mine any Bitcoin without any sort of gear

It already is and has been for a long time

> Feathercoin [1] appears to try and stop this, although I am not sure how effective it is.

IMHO, Feathercoin should not be taken seriously.

Re: Bitfury 400 GH/s Bitcoin Mining Rig Hits US Shores

#9
post #4

Why don't they plug them into their outlets themselves?

They've probably plugged a few in, increasing the difficulty in the time that they're shipping them. That way they get most of the benefit of plugging them in, and also get the benefit of selling them.

Re: Bitfury 400 GH/s Bitcoin Mining Rig Hits US Shores

#10
post #8

According to this calculator [0], in one month, you can expect to earn $20,724.53 dollars (ignoring price changes, difficulty changes, and operating costs). This seems too good to be true, however. Invoking the old adage, "In a gold rush, sell shovels." I wonder what effect all this has on the Bitcoin economy. If everyone begins doing this, then it will become extremely difficult to mine any Bitcoin without any sort…

> it will become extremely difficult to mine any Bitcoin without any sort of gear It already is and has been for a long time > Feathercoin [1] appears to try and stop this, although I am not sure how effective it is. IMHO, Feathercoin should not be taken seriously.

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