Considering a bitcoin mining hardware purchase? Make a more informed decision with our Bitcoin Mining Dashboard. Butterfly Labs (BFL) recently announced a new $4,600 bitcoin mining product that operates at 600 GH/s. The new miner is called the Monarch and will be the same form factor as a standard graphics card. Their second generation ASIC chip will use a 28nm process compared to the 65nm of their first generation. Application specific integrated circuits (ASIC) are specialized chips that perform bitcoin mining calculations. ASIC nodes are measured in nanometers (nm) and smaller nodes allow for faster and more power efficient designs. The …
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Butterfly Labs has donated 1,000 BTC – currently valued at more than $120,000 – to the newly established Bitcoin Development Fund. This is a meta-charity that supports a wide variety of bitcoin related charities and open-source projects: The Bitcoin development fund was created to support projects that benefit the greater bitcoin community. Special emphasis is placed on supporting open source code development as well as charitable organizations. This donation is from a wager in October, 2012 that they would meet their power target of 1 GH/s per 1.1 Watts of power in their ASIC bitcoin miners. Butterfly Labs completed shipping their …
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Jun 6, 2013
Posted
Businesses, News
Tagged ASIC, BDF, Bitcoin Development Fund, Butterfly Labs, GH, legal, software
Comments 2
Considering a bitcoin mining hardware purchase? Make a more informed decision with our Bitcoin Mining Dashboard. Butterfly Labs claims they have shipped all Jalapeno 5 GH/s ASIC bitcoin miners ordered through July 3rd, 2012 have been shipped. ASIC miners are customized hardware used for bitcoin mining. Although Butterfly labs was one of the first companies to take pre-orders for ASIC hardware, Avalon and ASICMiner have been shipping for several months now. Butterfly Labs has been plagued with power issues for months, perpetually telling miners they are two weeks away from delivery. They missed their power target, forcing them to forfeit 1,000 bitcoins to charity …
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Jun 5, 2013
Posted
Mining, News
Tagged Although Butterfly, ASIC, Bitcoin Mining Dashboard, Butterfly Lab, Butterfly Labs, GH, Shipped Size
Comments 0
Considering a bitcoin mining hardware purchase? Make a more informed decision with our Bitcoin Mining Dashboard. Following Avalon’s announcement of bulk ASIC chip sales in April, Butterfly Labs (BFL) has announced they will be doing the same. ASIC chips are the customized component that performs hashes in bitcoin mining. Previously, all BFL preorders were ASIC chips already installed on boards and ready to be used immediately. This is a new product category in addition to their previous miners and will require designing boards to set the ASIC chips in. BFL estimates a 100 day lead time, with pricing is as follows: Grade A …
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Jun 3, 2013
Posted
Mining, News
Tagged ASIC, Avalon, BFL, Bitcoin Mining, Butterfly Labs, GH
Comments 2
Considering a bitcoin mining hardware purchase? Make a more informed decision with our Bitcoin Mining Dashboard. The astounding growth of the bitcoin network provides increased security as well as an impressive metric for the rate of global bitcoin adoption. Incidentally, this is also leading to long-term economic implications that can only be undone with a sustained trend reversal or an update to the bitcoin protocol. In particular, the network is currently 3% ahead of its targeted block discovery schedule, meaning bitcoins are being issued substantially faster than most would expect. As of the writing of this article, block 238,346 was discovered …
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May 28, 2013
Posted
Economics, Featured, General, Mining, News
Tagged Bitcoin Mining Dashboard, block, BTC, Butterfly Labs, ECB, Moore Law, network speed
Comments 26
Considering a bitcoin mining hardware purchase? Make a more informed decision with our Bitcoin Mining Dashboard. This is part 3 in a 4 part series discussing the current state of bitcoin mining. What is bitcoin mining? The evolution of mining Current ASIC Hardware Bitcoin mining – public companies This post discusses the current ASIC bitcoin mining hardware options – Avalon, BFL, and ASIC Miner – and evaluates the benefits and risks of each. ASIC development is not easy, and bitcoin has been riddled with companies that have inspired little confidence from their customers. It was pretty clear that the first ASICs …
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Apr 4, 2013
Posted
Bitcoin 201, Mining, News
Tagged Application-specific integrated circuit, ASIC, ASIC Miner, Avalon, BFL, Bitcoin, Butterfly Labs, Exchange rate, Field-programmable gate array, FPGA, Jeff Garzik, UPDATE
Comments 8