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Topic
Board Beginners & Help
Re: Do you think that there is something funny about BFL's new ASIC
by
judas3000
on 14/09/2012, 08:23:37 UTC

btw, jalapeno

Hardware break even: 11 days
Net profit first time frame: 287.44 USD


i will have a lot of fun watching this thing!




Ya.. I wish. LOL. Just remember the difficulty is GOING TO SKYROCKET. THat means if it's up by 10x then our little doodads (I ordered a Jalepeno for poo and giggles) will only make 28.74 USD in that timeframe for the same amount of hashing work done.
I'd only look at the network Hashrate and compare it to the number of btc that are produced (number of bitcoins created and difficulty are strongly correlated) . Other factors should not be relevant, it will be easier to get bitcoins, but only for those with the hardware, I think the transation will be smooth.

Let's take a look at the numbers
we have a speed of 21293.57 Gigahashes/s which produces 7950 btc a day
7950/(21293.57) = 0.3733521433935221
each Gigahash produces more than 0.37 btc a day

if we add the 300 mining SC from butterflylabs with 40 GHashes/s (somewhere I read that they had 300 in the first batch)
7950/(21293.57 + 40*300) = 0.23878484644332224
each GHash now produces less than 0.23 btc a day

which is a drop of 37% in revenue for classic miners when the first batch of 300 SCs are deployed.