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Butterfly Labs Bfl Little Single Bitcoin Miner 30Gh/s - As New

666DAN

By 666DAN,
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666DAN Grand Master

666DAN

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As the title says, I got one of these yesterday and I don't actually need it as the one machine I was waiting on actually arrived 3 months early, so now I have two miners too many.

It works like a trojan

$1100 or best offer

I also have a brand spanking new, untouched 50Gh/s unit

$2100 or best offer

They're breeding like Gremlins, you know you want one :D

dano4127 Veteran

dano4127

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Total noob question but how long does it take to mine one bitcoin?

Is there any costs involved to start mining? Is it literally buy that and away you go - seems way too easy...

666DAN Grand Master

666DAN

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Not a noob question at all; a Bitcoin at 30Gh/s takes 75 days to mine maybe quicker depending on the mining pool you join. (the mining pool increases your earning potential due to many hands making light work)

You literally need to download software such as BFGminer, join a mining pool (BTCGuild) and have a bitcoin wallet to send the money to (coinjar.com) once you plug the miner in, it's running in seconds.

The best advice I have with mining is....don't look at it based on the current value of a bitcoin, it's still speculative and due to limited supply, people are convinced it will top at $10,000 a coin once more retailers get on the band wagon of accepting them for payment. Only today a big US online store started taking them.

The best thing with mining gear is to run it for a couple of months, keep the coins, sell the rig and get a faster rig. As with computers etc etc the speed of the rigs gets quicker every 3-6 months. Demand has been so high for the newest miners that pre-orders can't even deliver until March AT BEST. I was lucky with my one. But now have two miners that aren't really needed. But hey, realistically while you wait to sell, you just plug them in and earn coins. I'm tempted to do it with the 50Gh/s unit as it's actually specced closer to 60Gh/s :D So that's a Bitcoin in 25 days running alongside the 30Gh/s one

PM-R33 Grand Master

PM-R33

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Because of this for sale thread I spent like 2 hours last night reading about bitcoin mining and what the hell it is.

This article here basically explained everything to me:

http://www.tomshardware.com/reviews/bitcoin-mining-make-money,3514.html

Good read for any noob like me trying to learn about it lol.

t5iv Grand Master

t5iv

Posted
Posted

Also Dan, there's a bit coin thread in the wasteland. Think it's in the news and current affairs thread. Might want to post a link there in case anyone is interested... GLWS :)

dano4127 Veteran

dano4127

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Dan do you mind if I ask how long you have been mining and what sort of returns you have seen since you started?

666DAN Grand Master

666DAN

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Mining very shortly, almost 12 days haha. Straight up I went into a group buy with the expectation of having the 'dream machine' in March/April so bought 2 small units totalling 10Gh/s to get going, then ordered the 30Gh/s and 50Gh/s to tide me over until then. So things moved quicker than expected and the things were everywhere!!!

So basically right now I've got 0.05BTC in a wallet...0.03BTC of that was using the 30Gh/s for a couple of days. I sold the 10Gh/s units after 7 days of use. It's a bit like an arms race, you'll get more addicted to powerful units...smashing down $5K on 200GH/s machines, then $8K on 400's but they also start making serious BTC's just don't hold your miners for longer than a month. New people are wanting to get involved and will start slower, while you move onto your faster units.

mattis96 Proficient

mattis96

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25 days to make 1 bitcoin, nice. Seen the value was $1100 currently per bitcoin to. Also read that the power usage on the units is 1W/gh/s? Does that seem right to you?

t5iv Grand Master

t5iv

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25 days to make 1 bitcoin, nice. Seen the value was $1100 currently per bitcoin to. Also read that the power usage on the units is 1W/gh/s? Does that seem right to you?

Do it Matt. Fund your new motor through Bitcoin mining. :P

666DAN Grand Master

666DAN

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FFS may not have officially sold the 30gh/s....Paypal have gone and held the funds for no good reason so I can't send it to the buyer. I hate Paypal and what they have become.

battery Mentor

battery

Posted
Posted

FFS may not have officially sold the 30gh/s....Paypal have gone and held the funds for no good reason so I can't send it to the buyer. I hate Paypal and what they have become.

should have requested payment in bitcoins

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