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Showing 4 of 4 results by gooffer
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Board Beginners & Help
Re: Which one is better: Butterflylabs or BTCFGPA? Can we trust them?
by
gooffer
on 10/10/2012, 15:49:47 UTC


like previous post, do your research , make your own decisions - in a lot of ways ASIC are a gamble - are you a gambling man?
i.e.: Block reward halves, difficulty skyrockets price of BTC does???
despite all the expert opinion no-one on this planet has been involved in a blockchain based cryptocurrency whose reward halves approximately every 4 years - it is all speculation and best guess on what will actually happen in the Bitcoin mining scene over the next 6 months Smiley
I bolded the relevant parts from my last post as to why anything to do with Bitcoin mining is a gamble, ASIC is a subset or an extra gamble on top, depending who you talk to.

well the ultimate test will be what happens to the BTC price.... normally a smaller supply @25 Btc's would dictate the price to go higher but markets tend to anticipate this so may be that's already build it. May be once the ASIC machines come online and only the 10% of gamblers have any BTC to sell everyone that isn't getting any decent returns anymore will have to buy them. And what happens when all coins are mined. ...... all mining rigs become instantly worthless. So with 500 BTC left to mine will we switch back to GPU's that are running anyway because who would want to spent $$$ to buy something that will get those last 5G's ?
Post
Topic
Board Beginners & Help
Re: Which one is better: Butterflylabs or BTCFGPA? Can we trust them?
by
gooffer
on 10/10/2012, 15:20:16 UTC
@darwin yes I agree nobody should invest in 54 / 60 Ghash setups as if everyone had them the returns would be the same as with a previous level playing field. only the early adopters will be able to get their ROI, the late adopters won't and the more you convince not to join the band wagon the more btc's end up in you wallet. I the like ID created for talking town the new technology....
Post
Topic
Board Beginners & Help
Re: Which one is better: Butterflylabs or BTCFGPA? Can we trust them?
by
gooffer
on 10/10/2012, 14:54:48 UTC
buy a single BFL for 699... see if you get it... mine is getting about 826 M/hash.... then the upgrade to SC is only another $699 or there abouts and you pay half now and half later Smiley
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Topic
Board Beginners & Help
Topic OP
Took me 3 google attempts to find this section where one can actually post.....
by
gooffer
on 10/10/2012, 14:18:59 UTC
I mine, I mine with Butterflies.... I analyze.... and I wonder who this is....

https://bitminter.com/block/btc/000000000000008ed016a7517e85aa3bb27660a11f2fdfd17888b6f332fd8c3e

Minted by: RonPaul2012

but if you scroll thru 37 pages of paypouts RonPaul ends up with nothing.......almost like the real world....

My guess is Butterfly Labs 1000 G/hash test rig.