[Chugalug] ButterFly ASIC Single arrived -- My review

Lynn Dixon boodaddy at gmail.com
Tue Sep 3 01:35:27 UTC 2013


Ill be honest with you, I don't see BFL hitting their estimated ship dates.
 They have never made a promised ship date.  I can tell you that they do
indeed deliver products, and the products they deliver are excellent
quality.


On Mon, Sep 2, 2013 at 3:53 PM, Keith <uspatentpending at gmail.com> wrote:

> Thanks, Lynn.
>
> As soon as I read your review and responded I went looking at bfl's
> website again. The monarch is probably where I would drop the cash.
>
> I doubt I can swing more than one without my wife shooting me, but it'd be
> nice to have two or three running if possible.
>
> BFL seems to think they can make their dates this time. I'll let you guys
> know if I take the plunge and how it turns out.
>
> That would be my first BTC rig, so I'd probably be hitting you guys up for
> advice.
>
> Thanks,
> Keith
> On Sep 1, 2013 10:11 PM, "Lynn Dixon" <boodaddy at gmail.com> wrote:
>
>> Keith,
>> I can't find my blasted watt meter to measure power consumption.  I can't
>> remember if I leant it out to someone, or if I have just misplaced it.
>>
>> I am guessing that my unit is in about the same lines as all the other
>> BFL 60GHash singles shipped, and thats anywhere from 350 to 375 watts of
>> power, which is extremely effecient when compared to one of my 500 Mhash
>> GPU consuming 250 to 300 watts.
>>
>> It's hard to say if buying now would net you quick profits. I would look
>> at some of the calculators that are out there.  My favorie is the one at
>> http://mining.thegenesisblock.com/  since it allows you to easily tweak
>> the numbers to give different scenarios.   Keep in mind that alot of
>> companies are beginning to ship ASIC's now, and BFL has announced their
>> Monarch which is a 600 GHash unit that runs on around 300 watts in a nice
>> PCI-E form factor to make it super dense.
>>
>>
>> On Sun, Sep 1, 2013 at 7:54 PM, Keith <uspatentpending at gmail.com> wrote:
>>
>>> Hi Lynn,
>>>
>>> Have you tested the power usage for it yet?
>>>
>>> In your opinion would it be worth it to order one of these now, or is it
>>> basically too late?
>>>
>>> Thanks,
>>> Keith
>>> On Sep 1, 2013 2:00 PM, "Lynn Dixon" <boodaddy at gmail.com> wrote:
>>>
>>>>  For those interested in Bitcoin on the lug, I have finally received
>>>> my first Butterfly Labs Single.
>>>>
>>>> Here's a quick review:
>>>> Well packaged during shipping, and was shipped USPS 2-day priorty mail
>>>> with signature required.
>>>>
>>>> The build quality is fantastic.  Really nice brushed aluminum black
>>>> case that has rounded edges and corners, and a nice laster etched Butterfly
>>>> Labs logo.  The power supply brick was about 1.5 times larger than your
>>>> typical Xbox 360 power brick for comparison.  The power brick has a built
>>>> in cooling fan which I thought was pretty slick. The ASIC miner uses PCI-e
>>>> power connectors and the power brick is outfitted with PCI-e plugs as well.
>>>>  Overall its a very well designed and well built piece of hardware.  I am
>>>> really happy with it.
>>>>
>>>> Now, the good part. How well does it run?  In a nutshell...like a
>>>> dream.  It has been a little over 24 hours, and it has already generated me
>>>> just over .5 BTC (about $70). It has some really powerful fans that are a
>>>> bit louder than I had hoped, but I honestly can't hear it in my datacloset.
>>>>  I used BFL's EasyMiner for the first 24 hours just to get the full
>>>> experience.  I am planning on swithching over to CGMiner in afew days.
>>>>
>>>> Here is a screenshot of Easyminer, and the performance:
>>>> http://i.imgur.com/smdFgjD.jpg
>>>>
>>>> Another screen snippet of the asic running compared to one of my GPU's
>>>> on EclipseMC mining pool:  http://i.imgur.com/5ozLrQa.jpg
>>>>
>>>> EasyMiner has a cool "earnings" section that pulls the latest
>>>> difficulty and latest exchange rates to give you an idea of your scheduled
>>>> earnings.  Right now, its looking like this 60GH/s rig should return about
>>>> $2000 per month. This is pertty consistent with all of the other ROI
>>>> calculators I have used.
>>>>
>>>> Financial analysis:
>>>> At the current difficulty and exchanges, this rig should generate about
>>>> .45 - .5 BTC per day, which is about $65 - $70 average per day.  Most
>>>> calculators I have used puts monthly revenue at around $1800 - $2000 per
>>>> month.
>>>> Here is my numbers plugged into TheGenesisBlock's calculator:
>>>> http://mining.thegenesisblock.com/a/5f1c18143a
>>>>
>>>> I purchased my 60 GH/s unit for about $1375 back in June of last year,
>>>> and I am figuring about a 3 to 5 week payoff period, and calculating a 75%
>>>> increase in difficulty per month in my ROI estimation.
>>>>
>>>> This thing was well worth the wait. Butterfly labs may be horrible at
>>>> meeting deadlines, but they are really good at designing a product. This
>>>> thing runs great, looks awesome, and is generating an impresive ROI.  After
>>>> mining with it for a full day, I have already placed my pre-order for some
>>>> Monarchs:
>>>> https://products.butterflylabs.com/homepage-new-products/600-gh-bitcoin-mining-card.html
>>>>
>>>> Feel free to discuss, but please, lets keep this BTC thread civil and
>>>> on topic :-)
>>>>
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>>>>
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