Quote from: Searing on December 07, 2015, 06:31:16 AM

Quote from: QuestionAuthority on December 06, 2015, 04:02:04 PM

Quote from: Searing on December 06, 2015, 07:11:14 AM

I need to fess up.....I have (sorta) fell off the BFL not buy wagon..sniffle ....and asic 1 night stand so to speak

Got a 60gh BFL unit for 39 bucks included the 15 or so bucks to ship such....off that 'dark web for shoppers called ebay'

.....it was a spur of the moment thing honest...won't happen again Sad

Its intended purpose is 1) paperweight 2) ego limiting device to keep me in line and off that pre-order asic crack as I have to walk by it on the shelf....

anyway starting ASIC anonymous recovery again..yes friends...I drank the BFL kool aid and am a recovering newbie asic pre-order addict.... I start again at DAY 1....

I thank you for your understanding in this manner. Then again I have gotten my BFL 60gh unit (2yrs later) and BFL corp is dead (2yrs later)....so......

Karma sucks! (right Josh....I can feel your eyeballs on this thread yet........)

I feel dirty..... Sad

ROFL

Since we're confessing I bought a BFL monarch used for $70 just for the history of it. I always wanted an ASIC for curiosities sake. What better one to buy than the first commercial manufacturers product. I figured it was toast considering the price and the company I bought it from is called wesale4you. lol Sure enough, it arrived with two blown capacitors and a fried transistor right at the tail end of it. A friend replaced them for me and its madly hashing away at about 660 GH/s right now. I really hate to admit it but the design is pretty sexy. I love the water cooling feature. It gets crazy hot. You can fry an egg on it within 10 min of power up. That's probably why it blew out to begin with.

Been waiting for the monarchs to be below the 50 bucks range NOT WORKING .....but the heatsink and pump etc NOT leaking

I suspect (and others) that you COULD take these and put them on the knc titan 350mh miners (1 cube at least) these are scrypt miners

at that point in time if I ever wanted to try this....knc also has neptune 3TH units with similar cubes and chip size...I can get them now for 50 bucks working (1/2 speed anyway) on
ebay

so the goal would be to swap them out on the neppie cube...see if it works as a proof of concept then do so on the titan cubes

would be cool..the sad part is I bet there are BOXES of these ..held by FTC or whatever.....too bad no access to such ..lots of knc titan owners have units more then 1 year
old running 24/7 so many are losing some hash and are gonna delve into re-paste of the cube....add some heatsinks to some components and bigger fan per cube..hell as long as I"m doing that I"m thinking ......

alas....even BFL parts folks could use for other projects are lost in the black hole that was/is/and always will be the 'evil' that is BFL Sad

oh well damn NO I mean NO ....big ass non commercial water cooler adaptable for KNC chips ...besides maybe these monarch water cool units....damn it ...see even its evil bfl parts...are taunting me.... bfl is still an evil temptress

I fully understand. The thought of buying a garage full of these cheap throw away bastards and mining until my house burns down is tempting. While this one ROIed in about six weeks there's no guarantee that any Frankenminer I piece together will do the same.

That's what I don't understand about BFL. If they really intended to be thieving scumbags why not just let a few million dollars in preorder btc pour in and retire to a non-extradition beach house somewhere? Why spend all that money to set up a manufacturing plant in the most nanny police state in the world? Why develop such a sexy product? Oh sure, it's a little generic looking, like a video card with a corsair water cooler attached, but still a working product. The whole BFL story doesn't compute unless at some point they figured out their costs were just too high to realize any profit. They tried massively overcharging for the miners and lost sales because of it. They thought they could catch up on operating costs by "testing" their customers equipment for a little longer than they should. At that point, their customers realized they were mining with the equipment and turned them in to nanny government. They got caught in a spiral that they couldn't control. No true criminal would set up that kind of brick n mortar business in America, of all places, with the original intent to defraud. They got fucked by their own entrepreneurial spirit and naïveté.

The other side of the coin is the reason I never bought any ASIC miner before now. The customers are as naive as BFL is. If someone came up to you and promised to sell you a machine for $5k that could literally print money (not counterfeit money but real money) what would you think? I guarantee the first thing out of your mouth would be, "Why sell it? Just use your machine to print money for yourself." The logic of buying ASIC miners will always be lost on me. When I was a serious miner I had a huge setup that rivaled the pics I saw of Gigavps setup, box fans and all. The difference is, I was mining with video cards that were cheap in comparison to ASICs and I sold them to a ton of people that probably never heard of Bitcoin when I quit mining. You can't do that with an ASIC Bitcoin miner. There's only small group of people that you can sell to and they will know exactly when that miner becomes an expensive paperweight. Neither side of the coin makes any sense to me at all.