Hi guys, I've been interested in Bitcoin mining for a while and, lately, I've seriously considered purchasing an ASIC Miner from Butterfly Labs. However, they've got another product on their site that allows me to purchase 1GH/s for $10 (up to 100TH/s if I'm a billionaire, which I am... of course) and partake in a shared mining operation. Is this the exact same thing as purchasing my own ASIC Miner and joining a pool? Thanks for the help, in advance. :) EDIT: I'm aware that a pool can have much fewer participants than a full-scale contracted server farm. I guess the question I'm really asking is would it be better if I got my own rig and joined a pool of 20-30 people, or do I sign up for this and run the risk of not getting anything back?
Is Butterfly Labs mining Bitcoins with our pre-orders
I used to mine on Eclipse Mining Consortium a month or so back. At the time the pool which is owned by a director at BFL was running at around 300TH. Now, it has mysteriously gained another 200TH. This is despite my reason for leaving in the first place due to the pool's terrible run of bad luck. There were a couple of posts on the Eclipse forum (that managed to survive the moderator) who said that they were also leaving. Could it be that the bullet run of chips were not so useless after all?
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
Bit.Asic - finally received our first Bitcoin Asic Mining Rig from Butterfly Labs
https://bitfunder.com/asset/BIT.ASIC We are happy to announce that we have finally received our first Bitcoin Asic Mining Rig from Butterfly Labs. Butterfly Labs Orders: check out the images tab for screen shots and pictures of hardware we have received that are currently in production.
Hardware Received on 8/27/13 for Order # 16897, pay-dated 1/18/2013, for 1 Butterfly Labs (5 GH/s Bitcoin Miner) (Purchased, Confirmed, Hardware Received, and Actively Hashing around 5.5GH/s) this asset started mining on 8/27/13
Order # 100049260, pay-dated 4/2/2013, for 1 Butterfly Labs (30 GH/s Bitcoin Miner) (Purchased and Confirmed) Order # 100031677, pay-dated 4/2/2013, for 1 Butterfly Labs (30 GH/s Bitcoin Miner) (Purchased and Confirmed) Order # 100067004, pay-dated 6/16/2013, for 1 Butterfly Labs (50 GH/s Bitcoin Miner with 10 GH/s upgrade totaling 60 GH/s) (Purchased and Confirmed) Order # 100069703, pay-dated 7/1/2013, for 1 Butterfly Labs (50 GH/s Bitcoin Miner with 10 GH/s upgrade totaling 60 GH/s) (Purchased and Confirmed) KnCMiner Orders: Order #3246, pay-dated 7/3/2013, for 1 KnCMiner (100 GH/s Mercury Bitcoin Miner) (Purchased and Confirmed) NEWEST Order #4345, pay-dated 7/23/2013, for 1 KnCMiner (400 GH/s Jupiter Bitcoin Miner) (Purchased and Confirmed)
Total Purchased Hashing Power: 685GH/s
** Total Hashing Power: 5.5GH/s - Actively Mining *** Dividends: will be paid every Sunday About the Issuer: We are a team of IT professionals & business owners with expertise in the fields of server hardware / infrastructure and web engineering. Alongside our ongoing mining activities, we recently launched Bit.co.in which offers the crypto-currency community a free address shortener. This is a launch pad for many ideas we have for the developing community. We are actively involved in the forums. Bitcoin Talk user profile: coinminers Butterfly Labs user profile: bit.co.in Feel free to contact us at: Email: [email protected] Facebook: https://www.facebook.com/bitcoinshortener
Mining Fees. Designed to motivate the miners, the mining fees will be their chief source of revenue, once the total number of bitcoin (21 million) is mined. Block Rewards. The node that successfully finishes the Proof-of-Work algorithm first is awarded a block reward. At the moment, the reward is 12.5 block, with every 210,000 blocks halving it. Butterfly Labs manufactures a line of high speed encryption processors for use in bitcoin mining, research, telecommunication and security applications. 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. The fact that BitMinter has its own mining pool, which is, by the way, one of the oldest that exists today, is what makes this platform so popular and the reason why people opt for using it. Also, there is no doubt that BitMinter is the best cross-platform Bitcoin mining software. This article is by Rebecca Campbell. Butterfly Labs has agreed to settle the Federal Trade Commission’s charges of making misleading claims about their products to their customers.. In a lawsuit that has dragged on since September 2014, the Kansas-based Bitcoin company presold computer hardware that was optimized for mining Bitcoin, charging as much as $30,000 for the specialized hardware.