Everywhere 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 say. But is it really true? Is ASIC mining really unprofitable? Well the true answer is: It depends on a LOT of factors, not least of which is how you define “profitable.” [Read more...]
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 stock) of all their competitors. [Read more...]
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 units from the good folks at ASICMiner, who are packaging their ASICs in these adorable little USB Bitcoin mining sticks. At that time I promised you all a teardown and while there’s been a bit of a delay, this is that teardown. [Read more...]
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 comparable – entries in completely different categories if you ask me – but enough text, let’s see what’s in the shiny plastic bag DHL just brought me… [Read more...]
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 complete hardware noob, I’m hardly the right guy for this particular job. [Read more...]