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
Bitcoin mining hardware firm Butterfly Labs shuttered by FTC. Butterfly Labs, a maker of Bitcoin mining hardware, has been forced to close its doors by the FTC due to accusations of fraud and ... With the successful launch of the Butterfly Labs FPGA 'Single', the bitcoin mining hardware landscape gave way to specially manufactured hardware dedicated to mining bitcoins. While the FPGAs didn't enjoy a 50x - 100x increase in mining speed as was seen with the transition from CPUs to GPUs, they provided a benefit through power efficiency and ... 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. Bitcoin Mining Hardware Costs. This is the most important segment of any bitcoin mining equation. ASIC (Application Specific Integrated Chip) mining rigs will give you the best bang for your buck, but the entry models cost in excess of $1,000. Top of the line rigs can easily reach a price of $5,000. Bitcoin Mining Hardware Guide The best Bitcoin mining hardware has evolved dramatically since 2009. At first, miners used their central processing unit (CPU) to mine, but soon this wasn't fast enough and it bogged down the system resources of the host computer. Miners quickly moved on to using the graphical processing unit (GPU) in computer graphics cards because they were able to hash data 50 ...