60gh/s butterfly labs bitcoin miner pictures

[ry0t]

Hey since this is gfy hello and go fuck yourself. i dont care if any of you bitches believe me. i'll me at 18 million mega hash/s in may. get your asic up boys.

[Choopa Phil]

Awesome man! Best of luck with it!

[AllAboutCams]

Im glad i got out of mining

[Fat Panda]

rofl usps

[See Cig]

how much does it produce per day right now?

[96ukssob]

little late now to make it worth while?

[k0nr4d]

Originally Posted by bossku69

little late now to make it worth while?

No kidding...if he got his it means lots of other people got theirs, which means that there is suddenly a shitload more bitcoin processing power out there which will bump the time it takes to mine each one up.

[ry0t]

Originally Posted by Fat Panda

rofl usps

so fuckin stupid i know. i just am thinking i should keep my personal opinions of the company to myself at this time. its not worth it.

[ry0t]

Originally Posted by See Cig

how much does it produce per day right now?

16.33 but i can get 45 more per bitcoin than bitstamps price so thats a bonus that i have. not really interested in this little too anymore. had it on order for 8 months.

[ry0t]

Originally Posted by k0nr4d

No kidding...if he got his it means lots of other people got theirs, which means that there is suddenly a shitload more bitcoin processing power out there which will bump the time it takes to mine each one up.

the difficulty went from 20 mill to 390mill in 3 1/2 months i believe. all because of different companies mostly butterfly.

[woj]

Originally Posted by ry0t

the difficulty went from 20 mill to 390mill in 3 1/2 months i believe. all because of different companies mostly butterfly.

just imagine getting it 3.5 months ago... 20x profit = $300+/day
I'm not even sure why these asic manufacturers bothered to sell it, they probably have 1000s of these units = 6 figure profit per day at least....

[edgeprod]

Originally Posted by ry0t

16.33 but i can get 45 more per bitcoin than bitstamps price so thats a bonus that i have. not really interested in this little too anymore. had it on order for 8 months.

LOL? I'm getting less than 3 per day, what the fuck?

Does this mean you're going to pay me back now?

[k0nr4d]

Originally Posted by woj

just imagine getting it 3.5 months ago... 20x profit = $300+/day
I'm not even sure why these asic manufacturers bothered to sell it, they probably have 1000s of these units = 6 figure profit per day at least....

I suspect that is exactly why shipping took so long...

[Godsmack]

Originally Posted by k0nr4d

I suspect that is exactly why shipping took so long...

Yeah, they milked it them-self as much as possible before shipping.. i mean.. i would..

[thumbuilderic]

Originally Posted by Godsmack

Yeah, they milked it them-self as much as possible before shipping.. i mean.. i would..

They call it "burn-in" - Butterfly Labs is the biggest scam going. They're terrible. I wouldn't give them any of my business.

[k0nr4d]

Originally Posted by thumbuilderic

They call it "burn-in" - Butterfly Labs is the biggest scam going. They're terrible. I wouldn't give them any of my business.

It's fucking brilliant though eh? Charge people some absurd price for a product, delay shipping until well past the chargeback time frame all whilst using it to mine bitcoins themselves - and finally deliver it when the difficult is too high for it to be worth it

[Spudstr]

Originally Posted by k0nr4d

It's fucking brilliant though eh? Charge people some absurd price for a product, delay shipping until well past the chargeback time frame all whilst using it to mine bitcoins themselves - and finally deliver it when the difficult is too high for it to be worth it

I am pretty sure bfl lost their credit card processing after everyone started charging back. they had a no charge back policy but companies slike AMEX will still let you charge back for whatever the fuck. pretty sure Visa would do the same if you never received your product.

[nexcom28]

So I am just looking at some 60GB Asic miners on ebay, would it be worth getting one?

[woj]

Originally Posted by nexcom28

So I am just looking at some 60GB Asic miners on ebay, would it be worth getting one?

they make about $16 per day now, or $16*14=$224 every 2 weeks
difficulty rises about 30% every 2 weeks, meaning your income drops by 30% ever 2 weeks so:

week income
1 $224.00
2 $156.80
3 $109.76
4 $76.83
5 $53.78
6 $37.65
7 $26.35
8 $18.45
9 $12.91
10 $9.04
11 $6.33
12 $4.43
13 $3.10
14 $2.17
15 $1.52
TOTAL $743.12

so in 15 2 week periods = 7.5 months or so, you would make about $743 total
+ they burn about 400W (??) so they use about $1/day in electricity cost = -$200 or so
+ it takes time/effort to set it all up, sell btc, etc

so add it all together = unprofitable

[Spudstr]

Originally Posted by woj

they make about $16 per day now, or $16*14=$224 every 2 weeks
difficulty rises about 30% every 2 weeks, meaning your income drops by 30% ever 2 weeks so:

week income
1 $224.00
2 $156.80
3 $109.76
4 $76.83
5 $53.78
6 $37.65
7 $26.35
8 $18.45
9 $12.91
10 $9.04
11 $6.33
12 $4.43
13 $3.10
14 $2.17
15 $1.52
TOTAL $743.12

so in 15 2 week periods = 7.5 months or so, you would make about $743 total
+ they burn about 400W (??) so they use about $1/day in electricity cost = -$200 or so
+ it takes time/effort to set it all up, sell btc, etc

so add it all together = unprofitable

exactly. why do you think bfl put off all the shipping all this time? they used everyones money that paid for 12 months to mine and profit and now that its getting way to hard to do they sent everyone their systems.

[nexcom28]

Originally Posted by woj

they make about $16 per day now, or $16*14=$224 every 2 weeks
difficulty rises about 30% every 2 weeks, meaning your income drops by 30% ever 2 weeks so:

week income
1 $224.00
2 $156.80
3 $109.76
4 $76.83
5 $53.78
6 $37.65
7 $26.35
8 $18.45
9 $12.91
10 $9.04
11 $6.33
12 $4.43
13 $3.10
14 $2.17
15 $1.52
TOTAL $743.12

so in 15 2 week periods = 7.5 months or so, you would make about $743 total
+ they burn about 400W (??) so they use about $1/day in electricity cost = -$200 or so
+ it takes time/effort to set it all up, sell btc, etc

so add it all together = unprofitable

Is this right, I mean is it in any way accurate? Surely weeks I1&2 would be the same and week 3 would drop by 30%??

I also suspect you would earn far more than $16 a day, where did that figure come from?

I actually worked out that I should be making a couple of thousand dollars a month. Of course the profit is short lived.

[woj]

Originally Posted by nexcom28

Is this right, I mean is it in any way accurate? Surely weeks I1&2 would be the same and week 3 would drop by 30%??

I also suspect you would earn far more than $16 a day, where did that figure come from?

I actually worked out that I should be making a couple of thousand dollars a month. Of course the profit is short lived.

the label is a little misleading, it's not week 1, week 2, etc, the label is for 1st 2 week period, 2nd 2 week period, etc.... everything is calculated in terms of 2 week periods...

http://dustcoin.com/mining
just enter 60GH and it will come out to around $16/day

[Paul]

Originally Posted by k0nr4d

It's fucking brilliant though eh? Charge people some absurd price for a product, delay shipping until well past the chargeback time frame all whilst using it to mine bitcoins themselves - and finally deliver it when the difficult is too high for it to be worth it

I'm surprised none of their frustrated/conned customers didn't plan out a robbery of the Butterfly Labs

[prezzz]

Originally Posted by k0nr4d

It's fucking brilliant though eh? Charge people some absurd price for a product, delay shipping until well past the chargeback time frame all whilst using it to mine bitcoins themselves - and finally deliver it when the difficult is too high for it to be worth it

If that's the case, kudos to those who made it happen

[bigpappa17934]

So for us stupid people out there who still aren't fully understanding about bitcoins, can someone provide a link that gives more info about it and how it is done and WHAT is being done than http://bitcoin.org/en/ or https://www.weusecoins.com/en/getting-started

[thumbuilderic]

Originally Posted by prezzz

If that's the case, kudos to those who made it happen

No, no kudos.

I don't give kudos for lying to consumers. BFL is a bad company and they have a lot of issues. I've been following the bitcoin space for a while and they've wrong customers at nearly every turn. Walter White deserved his earned money more than the BFL people deserve theirs.

[Dead]

Originally Posted by edgeprod

LOL? I'm getting less than 3 per day, what the fuck?

Does this mean you're going to pay me back now?

Waiting to see if this is made right as well

[nexcom28]

Originally Posted by bigpappa17934

So for us stupid people out there who still aren't fully understanding about bitcoins, can someone provide a link that gives more info about it and how it is done and WHAT is being done than http://bitcoin.org/en/ or https://www.weusecoins.com/en/getting-started

What do you want to know?

[thumbuilderic]

Originally Posted by nexcom28

What do you want to know?

Same, I'm happy to field a question as well.

A note, Coinbase is a great way to buy coins. If anyone wants some firsthand experience with buying coins, you can do it rather easily at coinbase.com. US only for now, I believe.

[Penny24Seven]

We have five in different locations, only 3 I have to pay the power bill.
At the rate we are going I plan to stop using them in March/April of 2014.
Since we started until two weeks ago we have over 900 bitcoin.
Twice I sold 150 of them when the price was very high
It is like a dream getting this but just thinking if we started 1.. 2.. or even 3 months before we did it would be unreal

[seeandsee]

Originally Posted by Brian837

We have five in different locations, only 3 I have to pay the power bill.
At the rate we are going I plan to stop using them in March/April of 2014.
Since we started until two weeks ago we have over 900 bitcoin.
Twice I sold 150 of them when the price was very high
It is like a dream getting this but just thinking if we started 1.. 2.. or even 3 months before we did it would be unreal

so you made 100k$ and how much money you spent on that?

[bigpappa17934]

I am just confused. You use a computer to process what? To 'min' what? How do you earn the 'bitcoins'? I understand that a bitcoin is nothing more than a form of currency but how are you 'mining' them?

Originally Posted by nexcom28

What do you want to know?

Originally Posted by thumbuilderic

Same, I'm happy to field a question as well.

A note, Coinbase is a great way to buy coins. If anyone wants some firsthand experience with buying coins, you can do it rather easily at coinbase.com. US only for now, I believe.

[Penny24Seven]

Originally Posted by seeandsee

so you made 100k$ and how much money you spent on that?

The first two times we sold them it was about 30K each time.
Two weeks ago he sold a good part of what we had left for just over 70K.
30% of the total is mine. Of course we made a ton more in the start but if we started just a little bit sooner it would be close to a million bucks. I know a guy who has over 5000 bitcoin. He has only sold a few here and there for small stuff.
I could not go day to day with that many and not sell a shit load to make sure I was well off.

[nexcom28]

Originally Posted by bigpappa17934

I am just confused. You use a computer to process what? To 'min' what? How do you earn the 'bitcoins'? I understand that a bitcoin is nothing more than a form of currency but how are you 'mining' them?

Perhaps this will make things clearer http://www.tomshardware.com/reviews/...ey,3514-3.html

[woj]

Originally Posted by Brian837

The first two times we sold them it was about 30K each time.
Two weeks ago he sold a good part of what we had left for just over 70K.
30% of the total is mine. Of course we made a ton more in the start but if we started just a little bit sooner it would be close to a million bucks. I know a guy who has over 5000 bitcoin. He has only sold a few here and there for small stuff.
I could not go day to day with that many and not sell a shit load to make sure I was well off.

what mining equipment do you have? when did you start?

[pornmasta]

human craze (my point of view as human)

http://bitcoin.sipa.be/

the progression is exponentional

[rowan]

Originally Posted by nexcom28

So I am just looking at some 60GB Asic miners on ebay, would it be worth getting one?

Ask yourself why they're being sold rather than used for mining.

I bought a "toy" (333Mh/s) USB miner for around $USD45 a month or two ago. I don't think it is going to make back its purchase price.

[freecartoonporn]

its too late, anyways., congrats. now file chargeback.

[Lykos]

Interesting read...