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Bit coin miner from Ebay scrap The Solar debateVIII)

13 Jul

It was not until the start of this year (2013) that there has been such a long run of exponential increases in the bitcoin difficulty.
Current difficulty is 26162876 with a PPS share rate of 0.00000092 BTC (actually it is lower once you consider fees etc)

After mining for a few years using various systems- CPU, GPU, FPGA.. The time has now come to reconsider the situation….
B.F.L have continually failed to deliver what they promised they were experts in…. Power consumption does not match,shipping does not match, quality does not match.
Back in January, they were saying delivery would be in Two months, they are still claiming that all back orders would be cleared before end of September 2013, personally I find this unlikely since they STILL have not shipped any of my orders, and for them to clear the backlog, they should at least have my orders in ‘production'(I’m in the top quarter of their estimated order book).
Plus the number of people who have had new ASIC kit only for it to fail abysmally is rapidly increasing..
I have decided to give them until the middle of August and then I’m pulling the plug on the orders.

Current situation
So.. we have masses of custom FPGA, do we:

  • Sell them off?
  • Mine them until the profit is just about negative…
  • Continue to research FPGA algorithms for other Crypto coins
  • Only turn them on in winter to provide heat
  • To Be continued…..

     

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