Amazon.com : BFL Monarch - 28nm Water Cooled Bitcoin Miner

Butterfly Labs Review

The company Butterfly Labs (BFL), which is epically disgraced in front of customers, opened again and updates its website. They had to shut down as a result of a conflict with the state regulatory body, the FTC. FTC employees launched an investigation at the end of 2014.
Their verdict was that "consumers who have purchased the machines or services from Butterfly Labs and have not received their orders". BFL has long treated clients with promises, and then finally went offline. But here they come back! Their plans have been updated on the company's website: "We are more than ever ready to serve you, our customers. In the future, we will provide good suggestions. However, after three months of closure and strictly limited operations, we must assess the state of all aspects of our business. We ask that You be patient as we need time to restart our operations."
Customers interested in getting ASIC "Monarch" can still hope to get it. You can also apply for a refund. Requests will be processed as received. The company expects the first payments to start in late January or February. In addition, cloud mining contracts are offered to customers with a "big discount".
Also BFL is still trying to develop the BitSafe, a hardware wallet for storing bitcoins. Although, during this time, have already appeared similar projects from competitors and best wallet Ledger.
submitted by PresentType to Vleisidesinfo [link] [comments]

Getting rid of ASICC Miners

I acquired 6 Butterfly labs ASICC Miners from a friend of a friend like 4 years ago and I used them for a bit in my college dorm (I didn’t have to pay electric bill so why not) but now they are kind of just a hassle to keep lugging from house to house and internship to internship so I wanted to try to get rid of them but I have no idea the best place to sell them or even an idea of their worth? I know I missed the giant bitcoin mining craze last year but they are beefy miners. I’ve got 4x Butterfly Labs SGL300G 2x Butterfly Labs Monarch
Any ideas as to current worth or even if they can be repurposed? Their ASICC so I’m assuming they can’t be but never know.
submitted by Atterpac to Bitcoin [link] [comments]

Intake 4/10/19

28/9/19 -4/10/19
1 Oxford Poorly reported placebos may lead to mistaken estimates of benefits http://www.ox.ac.uk/news/2019-10-01-poorly-reported-placebos-may-lead-mistaken-estimates-benefits
2 Cambridge AN EXTRA VEGETARIAN OPTION CUTS MEAT CONSUMPTION WITHOUT DENTING FOOD SALES https://www.cam.ac.uk/vegnudge Mild-to-moderate hearing loss in children leads to changes in how brain processes sound https://www.cam.ac.uk/research/news/mild-to-moderate-hearing-loss-in-children-leads-to-changes-in-how-brain-processes-sound Type 2 diabetes remission possible with ‘achievable’ weight loss, say researchers https://www.cam.ac.uk/research/news/type-2-diabetes-remission-possible-with-achievable-weight-loss-say-researchers Study highlights potential of whole genome sequencing to enable personalised cancer treatment https://www.cam.ac.uk/research/news/study-highlights-potential-of-whole-genome-sequencing-to-enable-personalised-cancer-treatment Mechanisms of real-time speech interpretation in the human brain revealed https://www.cam.ac.uk/research/news/mechanisms-of-real-time-speech-interpretation-in-the-human-brain-revealed
3 Stanford Stanford chemist develop ‘infrared vision’ for cancer immunotherapy https://news.stanford.edu/2019/10/03/infrared-vision-immunotherapy/ Stanford psychologists discover new patterns of brain development in areas linked to reading and face recognition https://news.stanford.edu/2019/10/03/new-patterns-brain-development-discovered/ Stanford psychiatry professor works to bring scientists to addiction policy debates https://news.stanford.edu/2019/10/03/bringing-neuroscience-bear-addiction-policy/ Stanford psychologists show leading with flavor encourages healthy eating https://news.stanford.edu/2019/10/02/leading-flavor-encourages-healthy-eating/ Stanford researchers have developed a gel-like fluid to prevent wildfires https://news.stanford.edu/2019/09/30/new-treatment-prevents-wildfires/ Why Women and Older Workers Make Less Driving for Uber https://www.gsb.stanford.edu/insights/why-women-older-workers-make-less-driving-uber
4 Massachusetts Institute of Technology A new way to corrosion-proof thin atomic sheets http://news.mit.edu/2019/corrosion-proof-atomic-sheets-1004 SMART develops a way to commercially manufacture integrated silicon III-V chips http://news.mit.edu/2019/mit-singapore-smart-way-to-manufacture-integrated-silicon-iii-v-chips-1003 Artificial gut aims to expose the elusive microbiome http://news.mit.edu/2019/artificial-gut-aims-to-expose-human-microbiome-1003 Engineered viruses could fight drug resistance http://news.mit.edu/2019/engineered-phage-viruses-drug-resistance-1003 This is how a “fuzzy” universe may have looked http://news.mit.edu/2019/early-galaxy-fuzzy-universe-simulation-1003 System helps smart devices find their position http://news.mit.edu/2019/iot-smart-device-position-1003 Using algorithms to build a map of the placenta http://news.mit.edu/2019/using-algorithms-to-build-placenta-map-1002 Study: Better sleep habits lead to better college grades http://news.mit.edu/2019/better-sleep-better-grades-1001 Tracing the origins of air pollutants in India http://news.mit.edu/2019/tracing-air-pollution-india-0930 This flat structure morphs into shape of a human face when temperature changes http://news.mit.edu/2019/mesh-structure-shape-temperature-changes-0930 Delivery system can make RNA vaccines more powerful http://news.mit.edu/2019/rna-vaccine-delivery-0930 How to dismantle a nuclear bomb http://news.mit.edu/2019/verify-dismantle-nuclear-bombs-0927
5 Caltech Virtual Reality for Scientists https://www.caltech.edu/about/news/virtual-reality-scientists Researchers Advancing Understanding of Vital Enzyme https://www.caltech.edu/about/news/researchers-advancing-understanding-vital-enzyme
6 Harvard Michael Fabiano wears many hats (AP) https://news.harvard.edu/gazette/story/2019/10/continuing-education-is-essential-in-todays-new-media-soaked-world-and-so-is-accuracy/ You are what you eat — and how you cook it https://news.harvard.edu/gazette/story/2019/10/study-finds-gut-microbes-adapt-quickly-to-changes-in-food-preparation/ Omega-3 fish oil rises to top in analysis of studies https://news.harvard.edu/gazette/story/2019/09/major-study-finds-omega-3-supplements-may-reduce-risk-of-heart-attack/ A new hunt for Jimmy Hoffa (And Finally) https://news.harvard.edu/gazette/story/2019/10/in-new-book-professor-probes-stepdads-ties-to-hoffa-disappearance/ Red flags rise on global warming and the seas https://news.harvard.edu/gazette/story/2019/10/urgency-of-climate-change-may-be-understated-in-intergovernmental-panel-report/ In a first, optical tweezers give Harvard scientists the control to capture ultracold molecules https://news.harvard.edu/gazette/story/2019/10/harvard-scientists-use-optical-tweezers-to-capture-ultracold-molecules/ The shape-shifting of things to come https://news.harvard.edu/gazette/story/2019/10/shape-shifting-structures-can-take-the-form-of-a-face-antenna/ First video of viruses assembling https://news.harvard.edu/gazette/story/2019/10/first-video-of-viruses-assembling-released/
7 Princeton Get moving! The mystery of animal group behavior https://www.princeton.edu/news/2019/09/30/get-moving-mystery-animal-group-behavior
8 Yale University Barrier to rural opioid treatment: driving distance to methadone clinics https://news.yale.edu/2019/10/01/barrier-rural-opioid-treatment-driving-distance-methadone-clinics Too Young to Screen: Breast Cancer in Younger Women https://www.yalemedicine.org/stories/breast-cancer-younger-women/ New drug helps combat metabolic syndrome https://news.yale.edu/2019/10/02/new-drug-helps-combat-metabolic-syndrome Female orgasm is evolution’s happy gift https://news.yale.edu/2019/09/30/female-orgasm-evolutions-happy-gift Growing old together: a sharper look at black holes and their host galaxies https://news.yale.edu/2019/09/30/growing-old-together-sharper-look-black-holes-and-their-host-galaxies
9 Imperial College London Gut bacteria ‘fingerprint’ predicts radiotherapy side effects https://www.imperial.ac.uk/news/193154/gut-bacteria-fingerprint-predicts-radiotherapy-side/ ‘Poisoned arrowhead’ used by warring bacteria could lead to new antibiotics https://www.imperial.ac.uk/news/193148/poisoned-arrowhead-used-warring-bacteria-could/
10 Chicago None
11 ETH Zurich Artificial intelligence improves biomedical imaging https://ethz.ch/en/news-and-events/eth-news/news/2019/09/artificial-intelligence-improves-biomedical-imaging.html
12 Johns Hopkins University Careful Monitoring of Children Following Cardiac Surgery May Improve Long-Term Outcomes https://www.hopkinsmedicine.org/news/newsroom/news-releases/careful-monitoring-of-children-following-cardiac-surgery-may-improve-long-term-outcomes ‘Dietary’ Vulnerability Found in Cancer Cells With Mutated Spliceosomes https://www.hopkinsmedicine.org/news/newsroom/news-releases/dietary-vulnerability-found-in-cancer-cells-with-mutated-spliceosomes Golden Ratio Observed In Human Skulls https://www.hopkinsmedicine.org/news/newsroom/news-releases/golden-ratio-observed-in-human-skulls Flu Experts at Johns Hopkins Medicine https://www.hopkinsmedicine.org/news/newsroom/news-releases/flu-experts-at-johns-hopkins-medicine-1 Nanoparticles Wiggling Through Mucus May Predict Severe COPD https://www.hopkinsmedicine.org/news/newsroom/news-releases/nanoparticles-wiggling-through-mucus-may-predict-severe-copd Johns Hopkins Researchers Advance Search For Safer, Easier Way to Deliver Vision-Saving Gene Therapy to The Retina https://www.hopkinsmedicine.org/news/newsroom/news-releases/johns-hopkins-researchers-advance-search-for-safer-easier-way-to-deliver-vision-saving-gene-therapy-to-the-retina
13 University of Pennsylvania Identifying a gene for canine night blindness https://penntoday.upenn.edu/news/identifying-gene-canine-night-blindness New chip poised to enable handheld microwave imaging https://penntoday.upenn.edu/news/new-chip-poised-enable-hand-held-microwave-imaging Signaling the trustworthiness of science https://penntoday.upenn.edu/news/signaling-trustworthiness-science How race informed the 6th Amendment right to counsel https://penntoday.upenn.edu/news/how-race-informed-6th-amendment-right-counsel How restricting skilled immigration could spur offshoring https://penntoday.upenn.edu/news/how-restricting-skilled-immigration-could-spur-offshoring New topological insulator can reroute photonic ‘traffic’ on the fly https://penntoday.upenn.edu/news/new-topological-insulator-can-reroute-photonic-traffic-fly Emily Steinlight brings a modern look to Victorian-era studies https://penntoday.upenn.edu/news/emily-steinlight-brings-modern-look-victoria-era-studies Penn team creates first bile duct-on-a-chip https://penntoday.upenn.edu/news/penn-team-creates-first-bile-duct-chip
14 UCL “Children’s voices” omitted from care records, UCL study finds https://www.ucl.ac.uk/news/2019/oct/childrens-voices-omitted-care-records-ucl-study-finds Health worsens the longer you live in a deprived neighbourhood https://www.ucl.ac.uk/news/2019/oct/health-worsens-longer-you-live-deprived-neighbourhood Analysis: Having sex in older age could make you happier and healthier https://www.ucl.ac.uk/news/2019/oct/analysis-having-sex-older-age-could-make-you-happier-and-healthier Fruit flies live longer with combination drug treatment https://www.ucl.ac.uk/news/2019/sep/fruit-flies-live-longer-combination-drug-treatment
15 University of California, Berkeley CRISPRed flies mimic monarch butterfly — and could make you vomit https://vcresearch.berkeley.edu/news/crispred-flies-mimic-monarch-butterfly-and-could-make-you-vomit Collapse of desert birds due to heat stress from climate change https://vcresearch.berkeley.edu/news/collapse-desert-birds-due-heat-stress-climate-change New poll: Vaccine rule widely supported by California voters https://vcresearch.berkeley.edu/news/new-poll-vaccine-rule-widely-supported-california-voters Does being a ‘superwoman’ protect African American women’s health? https://vcresearch.berkeley.edu/news/does-being-superwoman-protect-african-american-womens-health
16 Columbia University N/A
17 UCLA Fat cells are used to deliver drug that suppresses tumor growth in mice https://newsroom.ucla.edu/releases/fat-cells-deliver-drug-suppresses-tumor-growth Researchers identify molecular process that could accelerate recovery from nerve injuries https://newsroom.ucla.edu/releases/molecular-process-accelerates-nerve-injury-recovery Study identifies therapeutic target for high blood pressure in the lungs https://newsroom.ucla.edu/releases/therapeutic-target-high-blood-pressure-lungs
18 Duke N/A
19 Cornell Nature, Our Intrinsic Healer https://research.cornell.edu/news-features/nature-our-intrinsic-healer
20 University of Michigan-Ann Arbor (all links at top) How opt-out organ donation could affect U.S. waiting lists https://news.umich.edu/how-opt-out-organ-donation-could-affect-u-s-waiting-lists/ Patient cancer cells reliably grow on new 3D scaffold, showing promise for precision medicine https://news.umich.edu/patient-cancer-cells-reliably-grow-on-new-3d-scaffold-showing-promise-for-precision-medicine/ Collaboration may improve access to HIV testing, primary care https://news.umich.edu/collaboration-may-improve-access-to-hiv-testing-primary-care/ Screening for lung cancer based on risk could save lives https://news.umich.edu/screening-for-lung-cancer-based-on-risk-could-save-lives/ Just add water: U-M chemists suggest a fix for insoluble drugs https://news.umich.edu/just-add-water-u-m-chemists-suggest-a-fix-for-insoluble-drugs/ Hard as ceramic, tough as steel: Newly discovered connection could help design of nextgen alloys https://news.umich.edu/hard-as-ceramic-tough-as-steel-newly-discovered-connection-could-help-design-of-nextgen-alloys/
21 Toronto Young adults of South Asian descent face higher risk of prediabetes, diabetes: U of T study https://www.utoronto.ca/news/young-adults-south-asian-descent-face-higher-risk-prediabetes-diabetes-u-t-study U of T paleontologists find traces of sabre-toothed cat in Medicine Hat https://www.utoronto.ca/news/u-t-paleontologists-find-traces-sabre-toothed-cat-medicine-hat U of T-led team text mines over 89,000 scientific papers, revealing new evolutionary insights into ants and plants https://www.utoronto.ca/news/u-t-led-team-text-mines-over-89000-scientific-papers-revealing-new-evolutionary-insights-ants Male surgeons earn more than female surgeons for same time worked: U of T study https://www.utoronto.ca/news/male-surgeons-make-more-female-surgeons-same-time-worked-u-t-study U of T ecologists find strong evidence of ‘fishing down the food web’ in freshwater lake https://www.utoronto.ca/news/u-t-ecologists-find-strong-evidence-fishing-down-food-web-freshwater-lake
22 Tsinghua University N/A
23 National University of Singapore ‘Express courier service’ for immune cells http://news.nus.edu.sg/research/express-courier-service-immune-cells
24 Carnegie Mellon University One-Dimensional Objects Morph Into New Dimensions https://www.cmu.edu/news/stories/archives/2019/octobeone-dimensional-objects-morph-new-dimensions.html New Biological Approach Helps Robots Sense Chemicals https://www.cmu.edu/news/stories/archives/2019/octobebiological-approach-helps-robots-sense-chemicals.html Simon Initiative Tool Helps Students Polish Writing Skills https://www.cmu.edu/news/stories/archives/2019/septembesimon-tool-helps-polish-writing-skills.html
25 Northwestern University (June 20th) N/A
26 London School of Economics and Political Science Imprint of poor parental relationships linked to high social costs http://www.lse.ac.uk/News/Latest-news-from-LSE/2019/j-October-2019/Imprint-of-poor-parental-relationships-linked-to-high-social-costs LSE academics develop tool to help combat global Antimicrobial Resistance http://www.lse.ac.uk/News/Latest-news-from-LSE/2019/j-October-2019/LSE-academics-develop-tool-to-help-combat-global-Antimicrobial-Resistance
27 New York University Fungal Invasion of Pancreas Creates Cancer Risk https://www.nyu.edu/about/news-publications/news/2019/octobefungal-invasion-of-pancreas-creates-cancer-risk-.html New Public-Private Research Upends Traditional Carbon Pricing and Presents a More Effective Method for Pricing Emissions https://www.nyu.edu/about/news-publications/news/2019/septembenew-public-private-research-upends-traditional-carbon-pricing-an.html
28 University of Washington Health disparities, strong social support among state’s LGBTQ community https://www.washington.edu/news/2019/10/04/health-disparities-strong-social-support-among-states-lgbtq-community/ New metasurface design can control optical fields in three dimensions https://www.washington.edu/news/2019/10/04/new-metasurface-design-can-control-optical-fields-in-three-dimensions/ Inspired by Northern clingfish, researchers make a better suction cup https://www.washington.edu/news/2019/10/02/inspired-by-northern-clingfish-researchers-make-a-better-suction-cup/
29 University of Edinburgh Nationally significant works by Darwin’s mentor secured https://www.ed.ac.uk/news/2019/nationally-significant-works-by-darwin-s-mentor-se European partners create new model for the future https://www.ed.ac.uk/news/2019/research-partners-focus-on-europe-wide-future Prejudice against ethnic minorities persists https://www.ed.ac.uk/news/2019/prejudice-against-ethnic-minorities-persists Surrogacy advance could aid rare chicken breeds https://www.ed.ac.uk/news/2019/surrogacy-advance-could-aid-rare-chicken-breeds Drug could help improve ovarian cancer treatment https://www.ed.ac.uk/news/2019/drug-could-help-improve-ovarian-cancer-treatment
30 University of California, San Diego Immune Cell Identity Crisis: What Makes a Liver Macrophage a Liver Macrophage? https://ucsdnews.ucsd.edu/pressrelease/immune-cell-identity-crisis-what-makes-a-liver-macrophage-a-liver-macrophage Cracking How ‘Water Bears’ Survive the Extremes https://ucsdnews.ucsd.edu/pressrelease/cracking-how-water-bears-survive-the-extremes Skin-Cells-Turned-to-Heart-Cells Help Unravel Genetic Underpinnings of Cardiac Function https://ucsdnews.ucsd.edu/pressrelease/skin-cells-turned-to-heart-cells-help-unravel-genetic-underpinnings-of-cardiac-function
31 Peking University (Search 2019-09) N/A
32 LMU Munich Rotation on an eight-shaped path http://www.en.uni-muenchen.de/news/newsarchiv/2019/dube_naturecomm.html
33 University of Melbourne N/A
34 Georgia Institute of Technology N/A
35 École Polytechnique Fédérale de Lausanne Taking sustainability into space https://news.epfl.ch/news/taking-sustainability-into-space/ The right carbon tax to reduce the impact of transport in Switzerland https://news.epfl.ch/news/the-right-carbon-tax-to-reduce-the-impact-of-trans/ EPFL researchers invent low-cost alternative to Bitcoin https://news.epfl.ch/news/epfl-researchers-invent-low-cost-alternative-to-bi/
36 University of Hong Kong N/A
37 University of British Columbia
38 King’s College London FODMAPs diet relieves symptoms of inflammatory bowel disease https://www.kcl.ac.uk/news/fodmaps-diet-relieves-symptoms-of-inflammatory-bowel-disease
39 University of Texas at Austin How sustainable is tuna? New global catch database exposes dangerous fishing trends https://news.ubc.ca/2019/10/01/how-sustainable-is-tuna-new-global-catch-database-exposes-dangerous-fishing-trends/ UBC study highlights need to improve health care access in Vancouver, Portland and Seattle https://news.ubc.ca/2019/09/30/ubc-study-highlights-need-to-improve-health-care-access-in-vancouver-portland-and-seattle/
40 Karolinska Institute Breakthrough in sex-chromosome regulation https://news.ki.se/breakthrough-in-sex-chromosome-regulation New CRISPR-Cas9 variant may boost precision in gene editing https://news.ki.se/new-crispr-cas9-variant-may-boost-precision-in-gene-editing New method provides vehicles for RNA vaccines https://news.ki.se/new-method-provides-vehicles-for-rna-vaccines
41 Hong Kong University of Science and Technology HKUST Researchers Discover New Virus Traits That May Help Fight Global Warming and Develop Anti-virus Drug https://www.ust.hk/news/research-and-innovation/hkust-researchers-discover-new-virus-traits-may-help-fight-global
42 Paris Sciences et Lettres – PSL Research University Paris N/A
43 The University of Tokyo Three gravitational-wave detectors sign agreement to begin joint observation Collaboration will enable pinpointing origin of gravitational-wave events https://www.u-tokyo.ac.jp/focus/en/press/z0508_00147.html
44 University of Wisconsin-Madison N/A
45 McGill University N/A
46 Technical University of Munich Weak spot in pathogenic bacteria https://www.tum.de/nc/en/about-tum/news/press-releases/details/35720/ New approach to pain treatment in diseases of the pancreas https://www.tum.de/nc/en/about-tum/news/press-releases/details/35718/
47 Heidelberg University N/A
48 KU Leuven KU Leuven researchers reveal deepest layers of Bruegel drawings https://nieuws.kuleuven.be/en/content/2019/ku-leuven-researchers-reveal-deepest-layers-of-bruegel-drawings/view
49 Australian National University The violent history of the big galaxy next door https://www.anu.edu.au/news/all-news/the-violent-history-of-the-big-galaxy-next-door
50 University of Illinois Anger-prone children may benefit most from maternal sensitivity, study finds https://news.illinois.edu/view/6367/803245 Researchers repurpose failed cancer drug into printable semiconductor https://news.illinois.edu/view/6367/803208 Study finds rising ozone a hidden threat to corn https://news.illinois.edu/view/6367/803124 Purple martin migration behavior perplexes researchers https://news.illinois.edu/view/6367/803103
submitted by LBLLuke to Uniblast [link] [comments]

The monster mining machines of 2014

Good Day! Now I am fairly new to bitcoin mining, I've just discovered that my graphics card isn't mining more than 0,00 something something, basically it's not going to pay much off.
So I started looking into the new monster hardware coming in the near future, 2014.
https://en.bitcoin.it/wiki/Mining_hardware_comparison
Obviously there are many choices of hardware that will pay off ridicolously much more than that old nvidia or AMD card which is stuck in the average joes computer.
Of course the investment itself does cost, but considering the current bitcoin price of 710$, there is a high probability of making big bucks.
As for the mining rigs coming in 2014 it says some are coming in Q1 and some are coming in Q2, the first and second quarter. And one of the questions an investor might have would be, which one is the best to preorder based on delivery.
For example, the butterfly monarch
http://www.butterflylabs.com/monarch/
Which it says comes out January / February
or the Synapse Terra-1
http://axonlabs.net/?l=
which says "Production / Shipping will start in Q1/Q2 2014. Since units are purchased faster than they can be produced"
My question is with all these options, which one to buy if you want it delivered as fast as possible.
And which one is the best choice.
submitted by Bvnney to Bitcoin [link] [comments]

How has your Cointerra and/or Butterfly labs experience been?

Hello all,
Been litecoin mining and looking to drop $2800 on a butterfly labs monarch and another $6000 on a cointerra teraminer 4.
I am a bit nervous about dropping the coin on something that ships in february and april respectively to companies that I have never dealt with.
How has everyones' experience been with them?
The monarch, if still profitable at the time, will do bitcoin or an alt coin, but the terraminer should still be bitcoin profitable with that much power in april...if not to the alt coin mines for it too.
Thanks for any feedback you may have!
EDIT: Read the sticky under the FAQ on BFL. Are they still this bad? Ebay is filled with their units so they do ship...but maybe way too late?
submitted by thevape420 to BitcoinMining [link] [comments]

Butterfly Labs Is Soliciting Previous Customers

An apparently contracted sales drone just called me representing Butterfly Labs. (I bought a Jalapeño back in March which shipped last month.) He offered me a 20% discount on any new purchase, and then mentioned the 600 GHs Monarch preorder. He estimated that it would ship "I don't know when." (http://www.butterflylabs.com/monarch/)
Even after waiting 7 months for my rapidly depreciating ASIC miner, I never believed that BFL was intentionally preying on gullible Bitcoin neophytes. After all, the product I received was solid, attractive, and it performed better than advertised. It's legit. But after talking to this sales dude, I have a different opinion. Preording Bitcoin mining hardware is a mistake you only make once. Surely BFL knows this, and yet they are trying to fool me twice. Nice try.
UPDATE: I received the "personalized discount code" e-mail. It expires in one week. Chuckle.
submitted by asciimo to Bitcoin [link] [comments]

ELI5: Why getting ANY asics minig rig (even 60ghs) appears to be unprofitable to start right now? Is there ANY way to start mining profitably? [genisisblock image in comment]

I've read a TON about bitcoin and litecoin mining, but I'm still confused on why buying an expensive rig is supposedly unprofitable?
For example, one can buy any number of butterfly labs asics miners doing 60ghs on ebay right now for around $1400. But according to these charts from genisisblock, there is absolutely no way to get ROI with them. Is that really correct?
Does it take into consideration the (purely speculative) potential future rise in price of bitcoins?
Does it assume you are only mining as part of a pool?
What if you bought 5 60ghs machines and mined independently instead of with a pool? Is there any math there that works out to profitability?
Another thing I don't get is the Monarch 600ghs miners shipping in January....
Even if you were to buy one and start mining in January, it appears they would IMMEDIATELY be unprofitable! How can this be?
Lastly, say you had 10-20k cash to start with. Are there ANY machines you could buy right now (think ebay or any company currently shipping) that could get you profitable for even a few months with that kind of cash?
submitted by willpower101 to BitcoinMining [link] [comments]

Butterfly Labs Bitcoin Mining Rig Video Contest Hitler finds out about the Butterfly Labs Monarch Bitcoin Mining with Raspberry Pi, Butterfly Labs Miner and MinePeon Butterfly Labs Monarch 3.5 hrs in... ButterFly Labs Mining Cards and Bitsafe Hardware Wallet - CES 2014

BFL Monarch - 28nm Water Cooled Bitcoin Miner - In Hand - Ready to Ship! by Butterfly Labs. 3.4 out of 5 stars 6 ratings. Currently unavailable. Most folks looking at this are probably aware of Butterfly Lab's troubled history. I gather that they are (slowly) digging their way out of that hole with the supervision of the courts and the FTC. Butterfly Labs promised its technology could mine bitcoins 1,000 times faster. Mining is an essential part of bitcoin. It rewards people for using their own computer power to maintain the network. According to a recent FTC complaint, Butterfly Labs touted the profitability and cutting-edge technology of its Bitcoin mining machines — which sold from $150 to nearly $30,000 — but repeatedly broke its promises to customers. Butterfly Labs has announced a new PCI bitcoin mining card, named Monarch, based on the new 28nm technology. Butterfly Labs claims the Monarch will achieve 600 GH/s and consume 350W. 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.

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Butterfly Labs Bitcoin Mining Rig Video Contest

This is an overview of how I mine Bitcoins using a mining device from Butterfly Labs, a Raspberry Pi to control it, and MinePeon software to mine and connect to mining pools. I set it up using a ... The Monarch whispers along at around 50dB, around the level of a conversation between two people. 0:57 Quiet Bitcoin Miner - Butterfly Labs Monarch - Duration: 57 seconds. 3.5hr update, it's getting hot in here. 1967 Shelby GT500 Barn Find and Appraisal That Buyer Uses To Pay Widow - Price Revealed - Duration: 22:15. Jerry Heasley Recommended for you BFL the gold standard in Bitcoin Mining equipment. Gold and silver are money but bitcoin gives you the ability to transfer wealth quickly and securely anywhere in the world without the scum bag banks. Hitler finds out about the Butterfly Labs Monarch Bitcoin Miner Penned by millsdmb Inaba=BFL_Josh=Josh Zerlan BFL_Jody=Jody Drake=Darla Drake https://bitcoin...

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