[Chugalug] ButterFly ASIC Single arrived -- My review

William Roush william.roush at roushtech.net
Tue Sep 3 02:05:00 UTC 2013


With how backordered ASICs are (as I understand it), would it even be 
worth putting in an order now? How much can we expect out of these 
expensive ASICs if we have to wait a year or more at this point?

William Roush


On 9/2/2013 9:48 PM, Phil Sieg wrote:

> Lynn,
>
> How do you feel about the little USB ASIC's that do about 330 Mh/s? 
> each one seems to be about equal to a $400 video card, and they are 
> $26-33 each.
>
> I am interested enough to "play" and $1000 bucks of these on one of my 
> extra computers has ONE huge advantage...they are shipping NOW.
>
> Seems like 9-10 Gh/s for $1,000 plus equipment I have lying around, 
> and almost free electricity might be a place to start. I am not keen 
> on placing an order and waiting who knows how many months while the 
> BTC market is in constant flux (this is my single largest objection).
>
> Thoughts? Any second hand knowledge of these little monsters?
>
> Phil Sieg
> President
> SeniorTech LLC / snapfo-n®
> www.snapfon.com <http://www.snapfon.com>
> phil.sieg at seniortechllc.com <mailto:phil.sieg at seniortechllc.com>
>
> Phone: 423.535.9968
> Fax: 423.265.9820
> Mobile: 423.331.0725
>
> /"The computer is the most remarkable tool that we've ever come up 
> with. It's the equivalent of a bicycle for our minds."
>
> /
> /Steve Jobs,1955-2011/
>
>
>
>
> On Sep 2, 2013, at 9:35 PM, Lynn Dixon <boodaddy at gmail.com 
> <mailto:boodaddy at gmail.com>> wrote:
>
>> 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 
>> <mailto: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
>>     <mailto: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
>>         <mailto: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
>>             <mailto: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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