Is ASIC Mining Unprofitable? Depends on Your Definitions.

This entry is part 6 of 9 in the series Explaining Bitcoin

This entry is part 6 of 9 in the series Explaining BitcoinEverywhere you turn it seems someone is trying to convince you that ASIC mining is no longer profitable and you should just pack it in before you even start. “I already sold all my miners on eBay” they say. “You’ll never see ROI” they […]

BitSyncom ASIC Miners Anounced: Will be Auctioned on Tradehill


BitSyncom is one of the oldest ASIC manufacturers, responsible for the Avalon line of products. Today they have announced that their next-gen mining equipment is going to be sold in an auction format thanks to a strategic partnership with Bitcoin exchange Tradehill and a shiny new business model sure to be the envy (or laughing […]

ASICMiner Block Erupter Teardown


All right, so less of a teardown and more of a “take off the one removable part and take pictures” but if I used the right words all the time you guys would never find my stuff on Google, right? Regular readers are probably aware that a while back I received a couple of demo […]

ASICMiner Erupter Video Unboxing and Review


As many of you are probably aware, I’m an avid Bitcoin miner and I’ve been getting my hands on some pretty nice gear lately. I recently demoed Butterfly Labs’ first entry into the ASIC mining category and now ASICMiner is giving me the opportunity to review their ASICs too. Of course the products are hardly […]

Video Teardown of BFL ASIC


Well this took a lot longer than I expected. I’m certainly no stranger to a screwdriver but it’s been about a decade since I’ve wielded a soldering iron. I wanted to take the BFL ASIC apart on camera for you guys but I also wanted the commentary to be meaningful and while I’m not a […]

First Pictures of the BFL ASIC Single Case


Ladies and gentlemen, just a few minutes ago Butterfly Labs revealed what I believe is the first picture of their new ASIC Single Case. I’ve been privy to some renders but much like you this is my first time seeing the actual physical case. No tips yet.Be the first to tip!Tip With Bitcoin1CYxkhfTuYAuUfWLQbHt7RkxKd1eJhHtmxEach post gets […]

BFL Jalapeno Unboxing and Demo


Well everyone, it’s been a long hard road to this point but I can finally officially say without a shadow of a doubt that the Butterfly Labs ASIC miners exist. I know this because I’ve got one sitting next to my laptop happily hashing away as I type these words. No tips yet.Be the first […]

New Bitcoin ASIC Competitor… Or Scammer… Enters the Race


While we’ve all been waiting with bated breath for the latest in the Butterfly Labs saga, or awaiting the arrival of Avalon’s ASIC units, another contender calling themselves “Prime ASIC”¬†claims to have flown in under the radar and developed their own ASIC which they claim is already built, functional and available to order – but […]

More ASIC Delays From Butterfly Labs

ASIC wafer

It’s no secret which side of the Butterfly Labs love/hate fence I fall – I think they’re great guys who make good products. I talk to Sonny and Josh pretty regularly and eagerly await the release of their ASIC product line, but even I have to call a duck a duck: BFL is terrible with […]

First Avalon ASIC Arrives – Meh


Hey look everyone, it’s a box with fans! In all seriousness, though, this is kind of a big deal. Avalon has officially won the hard fought battle to be the first ASIC manufacturer to actually ship a product. How that product will withstand competition and hold up under 24/7 use and abuse, only time will […]