How to Create a Profitable Bitcoin Mining ... - Butterfly Labs

Ars Technica has a Butterfly Labs Bitcoin miner: "it’s pretty darn fast"

Ars Technica has a Butterfly Labs Bitcoin miner: submitted by supersadtrueprivacy to Bitcoin [link] [comments]

HELP - 30ghz Butterfly Labs Bitcoin Miner - Can I mine anything else with it

hey guys, back in 2014 i bought a bitcoin miner - butterfly labs 30ghz -i ran it for about a month and made $120 - didnt think it was worth the electricity and stopped ------ kills me every day now --- anyway moving on - this miner isnt really worth mining btc anymore with the difficulty and such -
has anyone had any luck or know about any methods for using the butterfly labs asic miner for mining any other type of currency. Any help on this would be great.
otherwise if someone would like to purchase a piece of bitcoin history - One of the very First Bitcoin Miners - i would sell it for some btc :) As a collectors item or a piece of history on the beginning of this new currency. PM Me - might end up like having one of the first mac's
but yeah at the moment i am looking to mine another currency with it, anyone have any ideas?
any help would be most appreciated
submitted by AnticlimacticZill to Bitcoin [link] [comments]

HELP - 30ghz Butterfly Labs Bitcoin Miner - Can I mine anything else with it /r/Bitcoin

HELP - 30ghz Butterfly Labs Bitcoin Miner - Can I mine anything else with it /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

What other coins can you mine with a Butterfly Labs bitcoin miner?

submitted by vanillaafro to BitcoinMining [link] [comments]

It would be awesome if you could purchase Dogecoins like this: You Can Now Purchase a Butterfly Labs Bitcoin Miner from Walmart.com

It would be awesome if you could purchase Dogecoins like this: You Can Now Purchase a Butterfly Labs Bitcoin Miner from Walmart.com submitted by followthecoin to dogecoin [link] [comments]

Butterfly Labs's Bitcoin miners - Worth it?

Hey there, quite new to the mining scene, working with x2 570GTX (1gb cache) which hash at around 110 Mhash/s and 120 Mhash/s
Recently I've come across this piece of hardware
https://products.butterflylabs.com/homepage/5-gh-s-bitcoin-miner.html
Has anyone else seen this, can anyone tell me a little bit more about it. Such as, is it legit? They've been taking orders but wont be shipping till the end of April when the product is finished. Will it really perform 5GH/s or is that an 'up to' estimate?
Any information will be appreciated
Also Discuss
submitted by Xooch to BitcoinMining [link] [comments]

You Can Now Purchase a Butterfly Labs Bitcoin Miner from Walmart.com

You Can Now Purchase a Butterfly Labs Bitcoin Miner from Walmart.com submitted by followthecoin to Bitcoin [link] [comments]

Butterfly Labs Bitcoin Miner - 10 GH/s Processor, USB 2.0 - BF0010G: Other Electronics : Walmart.com

Butterfly Labs Bitcoin Miner - 10 GH/s Processor, USB 2.0 - BF0010G: Other Electronics : Walmart.com submitted by bVector to NSL [link] [comments]

New Butterfly Labs bitcoin miner is utterly useless.

New Butterfly Labs bitcoin miner is utterly useless. submitted by Nakamoto_ to BitcoinBitcoin [link] [comments]

The $22,484.00 Butterfly Labs Mini Rig bitcoin miner is a huge, broken, unstable piece of shit.

(This was a rather controversial article posted on Buttcoin.org and became quite popular, even moving to the top of /bitcoin. It's since been mysteriously edited on the site [maybe by g-g-g-ghosts!] so it's being reposted here for posterity's sake. Some numbers may be off by now, but it was all accurate at the time of posting.)
Butterfly Labs has a long and horrible history with their mining rigs. They started taking pre-orders over a year ago, with a ship time sometime in late July. After numerous delays in production, shipping problems and general incompetence, the only thing they’ve managed to get out the door are some of their tiniest miners, the Jalapenos. And those mainly ended up in the hands of reviewers and blogs in order to keep pumping the Butterfly Labs hype train and securing millions of dollars of pre-orders still in limbo.Lucky BFL forums user Luke-JR however scored a sweet Mini Rig from Butterfly Labs (it’s just a coincidence he’s a driver developer for them I’m sure). This rig was originally promised to produce 1500 GH/s hashing power at 1500 watts for $30,000, but has since seen it’s hashing power slashed to a third of what was promised and it’s power consumption increased 75%, now just offer 500 GH/s at 2400 watts. They’ve promised to make good on pre-order buy sending out 3 rigs to match the initial hashing rate, so now it’s only 1500 GH/s at 6900 watts, a reduction in GH/Watt by a factor of 5.
So what does $22,484 buy you? Take a look!
Minirig is here! Today, my Minirig arrived.
http://i.imgur.com/Yp0WPvE.jpg
FedEx apparently dropped it somewhere along the way, and the weakest part of the case, the thin metal part around the back of the PSU, broke.
http://i.imgur.com/lFcOHxP.jpg
I’m not sure how sturdy the back side was supposed to be, but its two pieces aren’t quite together either.
http://i.imgur.com/AVttcOt.jpg
The power supplies (EVGA 1500W) also created havoc interfering with the neutral on the power line. This disrupted X10 communication significantly enough that the pool overflowed because the system controlling it was unable to turn off the pump. Workaround: This PSU supports 240V, so we rewired the outlet. 240V does not use neutral, so now all should be okay.
Edit: 240V workaround is only partial. Still having problems
But the good news is, it all seems to be working for the most part.
Next up, installing it in the window so the heat goes outside
A twenty two thousand dollar box of electronics that is broken out of the box, that required the guy to do a sketchy electrical workaround to get partially working, that he is going to install in a window… and he’s happy about it?
In case you didn’t notice it, the delivered unit is different than the picture on the website. They had to install 2 power supplies instead of 1 and had to modify the case to fit. Also, if you didn’t notice, the LCD/Phone thingy in the front has been replaced by … a piece of cardboard spray painted black. Wonderful.
You could maybe chalk this up to a careless Fedex postman, but when you’re shipping something that costs as much as a mid-sized sedan, how bought putting a little more effort into packing? Dell and HP can ship bigger and heavier servers across the world without this kind of problem.
The unit had to hit its huge power draw increase by putting dual EVGA consumer grade power supplies in the unit. We’re talking almost a 75 amp load (6*1500/120), disregarding power factor. He could very well overload the circuit panel and trip the main breaker for the house.
Let’s take a look inside this guy.
This is from an earlier version of the Minirig (note the single power supply) This is apparently from an earlier FPGA but it will give you a good glimpse at what kind of craftsmanship you can expect from a computer that is half the average household income in the United States.
Consumer grade PSU and cheap USB hubs glued to the inside case.
Electrical tape and random velcro glued to the insides
A closer look at the USB hubs. Plugs are hot glued to stay secured.
Electrical tape everywhere, splices and voided hardware are the theme.
You can view the entire album here.
Despite all that, this thing can still mine bitcoins and it should be profitable. Keep in ind that many people jumped in on the preorders a year ago when bitcoins were still hovering around $6.50 per. Meaning customers paid 1562 bitcoins for that particular piece of shit, which at today’s value is $156,200. Aston martin money. How long will it take them to make their money back (as apposed to just hanging on to them)? If the difficulty didn’t change, they would make 37 bitcoins a day and recoup the initial investment in 124 days. Difficulty is jumping pretty much 20% every 12 days or so, so in the next week before adjustment, they’ll make 259, the next 12 days 369, the next 12 days 312, then 256, then 213, etc.
So by day 127, they’ll be halfway to breaking even, but by day 151 they’ll be making less than 5 bitcoins a day, and even if difficulty stopped rising at that point(which it won’t), it would take another 435 days for a total of 586 days to break even. If difficulty kept rising at the same pace, by day 200 they’d be making 2.4 bitcoins per day, and it would take 1024 days to break even with no difficulty increase. Assuming 25 cents per kw/h, and $100 a bitcoin, it would cost 0.43 of a bitcoin per day in electricity which means the unit would no longer be profitable on a power usage basis by day 307, at which point it will have produced 2620 bitcoins.
Bear in mind this is only for the first few units, and that’s running 24/7 pumping out around 24,000 BTU, so yes, medical bills from heat stroke will be on top of that.
But Alas, the chips don’t run nearly as well as they’re supposed to, frequently running too hot and giving multiple hardware failures. Coindesk noted in one of the first ever runs of the Minirig by hosting provide gigavps that it was running much too hot and erroring out.
At the time of posting, gigavps warned that the unit would be repeatedly shut down while ckolivas, who was assisting, modified the machine’s software to optimise performance. After some tweaking, the device was said to have been left to run continuously for two hours, and was shown to have an average hash rate of 478.1 GH/s. As you can see in the table below, ASIC number four (of a total of eight hashing chips) ran significantly hotter (86 degrees) and consequently gave the highest hardware (HW) error rate.
http://i.imgur.com/q3iGrnb.jpg
So, what happens if you just decide you don’t want this, you don’t want to wait over a year to get a $22,000 broken piece of shit? Nothing, because BFL won’t let you cancel your preorder because they’re now “shipping”, i.e. they sent out one unit to their own company shill.
http://i.imgur.com/0p3Up03.jpg
Which is of course illegal regardless of what Butterfly Labs may say.
So in summary: Don’t buy anything from Butterfly Labs … ever.
submitted by borderpatrol to Buttcoin [link] [comments]

received my butterfly labs 5GH/s usb miner..... and thats when it started.

Well I received my Butterfly labs bitcoin miner today. Which was weird, delivery on a Saturday doesn't normally happen.
Has been a looong wait, zero communication from the company. A couple of weeks ago I received an email from a shipping company advising my miner was being shipped and quoting a tracking number that turned out to be delivered months prior to placing the order.
At least my email query back to the shipping company received a response "oh, sorry about the wrong tracking number", but no useful information such as a correct tracking number or advice on what date to expect delivery.
Unpacked the box, no instructions, just a card referring to the butterfly labs forum pages.
Attempting to download easyminer isn't working, repeated failures to download the file. (download starts but stops before the 54MB file is complete).
Have to say, I've not been impressed by the customer service, would have been happy to pay an extra $5-$10 for some actual communication. I was close to telling my credit card supplier to reverse the charges.
Will be running on my laptop (windows 7 home premium) initially, to check it works, then moving to my ubuntu server.
any suggestions on how to get the easyminer download? (or should I start with the BFG miner?)
submitted by Iamnotasmartman_ to BitcoinMining [link] [comments]

Bitcoin Mining Equipment for sale (~35 gh/s)

Want to get into Bitcoin mining? Don't want to wait until the Second Coming of Christ to get a unit from Butterfly Labs or sell your children to afford one on Fleabay? My loss is your gain.
Today, I'd like to offer my Butterfly Labs Bitcoin Miners for sale, I have one 5 gh/s miner and another 30 gh/s miner. I've used them for about a month, and they are essentially in new condition what you see here is what you get.
With the difficulty today, these babies should be able to net you about .02 Bitcoin per 24 hours of operation.
I'm asking for $1,800 for both units although I'm willing to take a best offer. Cash is preferable. Picture of Max Headroom not included.
submitted by J_Mnemonic to AustinClassifieds [link] [comments]

Thoughts on Bitcoin Mining Hardware

Hi guys,
A few weeks back I had posted a thread about CGMiner not being able to detect my graphics card and what not and some people helped me out with that! Thanks a lot for that! Some people also suggested that mining on laptops can be very problamatic because of the heating issue.
So my question then is, what is your opinion of Bitcoin Mining hardware? Especially this one : https://products.butterflylabs.com/homepage/5-gh-s-bitcoin-miner.html
I am looking to invest into some hardware to some solid bitcoin mining and I would greatly appreciate your thoughts on this. I recently read an article about this on arstechnica as well : http://arstechnica.com/gadgets/2013/05/weve-got-a-butterfly-labs-bitcoin-miner-and-its-pretty-darn-fast/ and it says it is a very low power consumption hardware and does quite well.
Anybody already using this? Thouhts?
submitted by hRob to Bitcoin [link] [comments]

Interested in bitcoin mining, but the returns seem to good to be true. Looking for insights from the community

So, I'm getting more and more interested in mining bitcoin and have seen those ads for Butterfly Lab's Bitcoin Miner ASICs all over the major BTC websites lately. Using the BitcoinX calculator (http://www.bitcoinx.com/profit/), and the current assumptions that they have on their site (besides updating the current exchange price to $220, the hash rate to 50,000, and the cost of hardware to $2,499), I get a breakeven period of 4 days and a potential annual income of ~$250,000.
This can't be right, can it? Why would these rigs be available at such a ridiculous ROI? Why wouldn't Butterfly labs simply use all of them to create a massive super computer and make millions of dollars?
What am I missing?
submitted by coint to Bitcoin [link] [comments]

Feds say Bitcoin miner maker Butterfly Labs ran “systematic deception”

Feds say Bitcoin miner maker Butterfly Labs ran “systematic deception” submitted by QuasiSteve to Bitcoin [link] [comments]

I want to buy a BitCoin miner & I can't decide between the Dragon Miner or the Butterfly Labs Miner.

Also, I can't find my deposit address for Mt. Gox. Can anyone help me?
submitted by WildFireca to btc [link] [comments]

The $22,484.00 Butterfly Labs Mini Rig bitcoin miner is a huge, broken, unstable piece of shit.

submitted by borderpatrol to Bitcoin [link] [comments]

BITCOIN ADVICE - What to do with Butterfly labs 30ghz Miner

Hey guys looking for some quick advice. I bought this 30ghz butterfly asic miner back in 2014 - i used it for a few months then stopped because the returns were so low -- MASSIVE MISTAKE - wish i had continued - anyway i took it out and started mining again recently but its hardly doing anything - about 40cents per day. At the moment im thinking my best bet for a return is to sell the miner on ebay and use whatever i sell it for to buy bitcoins - that return on those bitcoins will probably be more than the miner will ever make. However, with the price still rising is there any chance with only 30ghz that this could start making some decent returns? thanks for any tips on the best course of action.
submitted by ultimatewarwizard to Bitcoin [link] [comments]

Have a bitcoin miner from Butterfly labs what software should I install to run this miner ? What pool?

Came with no instructions and cost me a pretty penny
submitted by rackit001 to BitcoinBeginners [link] [comments]

[USA-IL][H] 4 Antminer S4 2.0 TH/s bitcoin miners with cables, Antminer S1, Butterfly Labs Single, power supply [W] Local cash [Chicago & NW burbs]

timestamp and pictures
Selling ≈ 8.2 TH/s worth of bitcoin mining equipment in the following configuration:
4x 2.0 TH/s Antminer S4 bitcoin miners with internal PSUs and power cords
1x 180 GH/s Antminer S1 bitcoin miner
1x 60 GH/s Butterfly Labs "Single" bitcoin miner
1x Dynex DX-520WPS PSU with cables to power the S1 and the BFL single
Everything works as it should within spec for performance, heat, and power consumption. The Antminers' cases show evidence of being moved and re-setup a few times (because they have been) but all issues are cosmetic only. The biggest blemish is a rip in the plastic protective layer over one of the status LCDs on the front of the S4 units.
Asking $1300 for the whole bundle, local cash at pickup or delivery within 50 miles of 60169.
submitted by Skepticalasian to hardwareswap [link] [comments]

Old bitcoin miners - Butterfly Labs

Is there anything that can be done with those old Butterfly Labs miners? Are the parts worth anything at all? Is it even worth listing on eBay or something? Are there precious metal connectors?
I have a few Jalapeños that did like 7 gh/s. I haven’t hooked them up in a long time (honestly wish I had been running them though).
I know, I know - frugal is that way, just curious if I can toss out this gear that’s been taking up space in my storage unit for years or if there’s some part that can be transferred to another computer for a bit of an upgrade.
submitted by tyrextyvek to BitcoinMining [link] [comments]

[SG] Butterfly lab ASIC ~17GH/s (bitcoin miner)

I am selling 2 Butterfly Jalapeno's for Doge! They get an average of 17GH/s right out of the box with factory BIOS. They were purchased in November of 2013, I can show receipt if needed.
400k Doge obo
Note, these cannot mine the D, only Sha-256 coins like BTC, TRC, PPC
http://imgur.com/OwqpgnW
Will need a reputable escrow to conduct this transaction.
I'm in the Detroit/Flint area in MI, local pickup is accepted.
Not much history :( http://www.reddit.com/dogemarket/comments/1vq7wl/official_verification_thread_v/cf03ztr
EDIT: I am also talking to someone on Craigslist, let me know if you want these!
submitted by SoMuchHash to dogemarket [link] [comments]

Butterfly Labs 5 GH/s ASIC Bitcoin mining rig, the ... ButterflyLabs 60GH/s bitcoin miner ButterflyLabs - YouTube 2 New ButterFly Labs monarch bit miners

Fast forward to today when Butterfly Labs offers for sale their BitForce SHA256 Mini Rig. The base configuration of this rig contains 18 FPGA cards and costs $15,295 (plus s/h). The illustration above shows a rig holding its maximum 24 FTPA cards. The result is the first time that 25 Ghash/s has ever had such a small physical footprint. Butterfly Labs (BFL) is a company that creates Bitcoin mining hardware. One of the earliest bitcoin mining hardware manufacturers offering ASIC devices, Butterfly Labs have come under fire from bitcoin miners who have had to wait patiently due to lengthy production and delivery delays. The company is headquartered is located in Kansas, United States. Butterfly Labs Item model number BF0005G Hardware Platform PC Operating System Linux, Windows 7 Item Weight 1.34 pounds Product Dimensions 10.7 x 8.3 x 5.4 inches Item Dimensions LxWxH 10.7 x 8.3 x 5.4 inches Color Black Processor Brand AMD Manufacturer Butterfly Labs ASIN B00DMTTFVG Is Discontinued By Manufacturer No Date First Available Butterfly Labs manufactures a line of high speed encryption processors for use in bitcoin mining, research, telecommunication and security applications. When it comes to the devices, one can use Drillbit Thumb and Eight, Ztex’s FPGA boards, and Twinfury USB stick miner for mining Bitcoin. 6. Miner-Server img source: vectorstock.com. One thing that usually worries new users is the funds they have to invest in hardware.

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Butterfly Labs 5 GH/s ASIC Bitcoin mining rig, the ...

Bitcoin mining mexico butterfly labs 10gh/s - Hackwise - Duration: 9:37. HackWise 86,415 views. 9:37. How to Setup Rockminer T1 800-900 Gh/s ASIC Bitcoin Miner - Duration: 14:06. Butterfly Labs Monarch bitcoin miner information on power connections and more. ButterflyLabs uploaded and posted 5 years ago Most bitcoin miners make a lot of noise. The Monarch whispers along at ... So in the first 10 or so minutes one of these units produced more bitcoin than they GPU mining for 3.5 days.. Skip navigation Sign in. ... 2 New ButterFly Labs monarch bit miners HBPowerwall. The Butterfly Labs 5 GH/s Jalapeno. This is the small ASIC miner from Butterfly Labs. This is a video showing the ButterflyLabs 60 GH/s bitcoin miner in operation, using the cgminer application on Linux. ... My Butterfly Labs Jalapeno 5GH/s bitcoin miner - Duration: 0:15. Fabrizio ...

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