5 GH/s Bitcoin Miner from Butterfly Labs can mine Litecoin?


«The bigger pick-axe has finally arrived. «

It has taken over 6 months to arrive since the date I placed the order, which is approximately 4 months longer than I’d anticipated based on Butterfly Labs’ predictions, but it is finally here. Their 5GH/s dedicated Bitcoin Miner was at one point one of the most hotly anticipated pieces of kit within the Bitcoin mining community. The promise of one of the best Hash/Watt ratios of any dedicated miner on the market, and the reasonable price too, made it so popular that I believe Butterfly Labs (BFL) struggled to cope with demand. Accompany that with a drastic last minute redesign and you end up with months and months of delays and forums filled with people moaning about how much of a con this it, and how fraudulent the company is. Personally, I placed my order expecting delays and was just happy to wait it out. I haven’t really purchased to make a profit, although I plan to recoup my investment, rather I like to play with gadgets....

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Currently, we work with a company called Community Hosting, INC, which will host your equipment at their facilities. The current cost structure for hosting is:

MiniRig SC: $325 per month, per rig 30 GH/s, 60 GH/s, 25 GH/s, 50 GH/s $25 per month, per unit

Your hosted units will be added to a mining farm and you will be paid out regularly based on their collective output. Currently, the payout is approximately every two days, depending on luck. As difficulty increases, payout times may get longer or the payout threshold may be reduced to bring it back to every 2 days or so.

If you wish to have direct control over your units, you may provide a laptop or netbook computer (or one can be sourced locally at cost). Additionally, if you have more units than the provided computer has USB ports, you will need to provide enough USB hubs to support your equipment. That netbook or laptop, if provided by you, will need to be configured for remote access of your choice. Linux is...

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Butterfly Labs, makers of specialty Bitcoin-mining machines, just announced the Butterfly Labs Monarch, an insanely powerful new ASIC at CES 2014. This machine can mine at a whopping 600 GH/s while using 350 W of power. Despite it’s hefty $2196 price tag, BFL claims that the Monarch is cheaper and more efficient than its competition.

Gadget blog Gizmodo has some great images of the insides of the Monarch as well as a water cooling system prototype.

While this is all really impressive, Butterfly Labs has come under fire in the past for taking several months to deliver products with very poor customer service. As such, anyone who decides to preorder the Monarch should be cautioned, because there’s really no telling when you’ll actually receive the device, and what the state of Bitcoin will be at that point. Regardless, the Monarch is an impressive piece of machinery, perhaps too impressive. With so much mining power, it would be much easier to...

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Hobby Bitcoin mining can still be fun and even profitable if you have cheap electricity, an efficient bitcoin mining machine, and get the best Bitcoin mining hardware.

It’s important to remember, however, that Bitcoin mining is competitive and today it is not a good idea for the average person to mine. If you want bitcoins then you are better off buying bitcoins.

Bitcoin Mining Hardware Comparison

What is an ASIC Bitcoin Miner?

Since it’s now impossible to profitably mine Bitcoin with your computer, you’ll need specialized hardware called ASICs.

Originally, Satoshi intended for Bitcoin to be mined on computer CPUs. However, Bitcoin miners discovered they could get more hashing power from graphic cards. Graphic cards were then surpassed by ASICs (Application Specific Integrated Circuits).

Nowadays all serious Bitcoin mining is performed on dedicated Bitcoin mining hardware ASICs, usually in thermally-regulated data-centers with access to...

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ASIC miners are the closest you will ever be to a money machine! These beasts of power and efficiency are the most popular type of mining device right now and their popularity and demand remain as high as in the day they showed up.

Once we arrived to the Application Specific Integrated Circuit (ASIC) era, we knew we couldn’t go back. No, we didn’t want to go back! It doesn’t get any better than with ASIC chips, the technology specially designed to mine Bitcoins.

It’s rumored that one of these miners was recently sold for $20,000 USD on Ebay. True? We don’t know. Ot might be just gossip, but the real truth is that ASIC miners are the icing on the cake. Today, ASIC means business and profit and we are here to show you some of the best miners out there.

1. Butterfly Lab’s BitForce 500 GH/s mining rig

With an amazing 500 gigahashes per second of efficiency, this ASIC mining rig from Butterfly Labs was first seen working in June.

2. Bitforce SC 60...

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Jackson Schad: how do you buy one?

Myster IH: Double its size, boost the fans and cover the exterior with solar panels.

Cathal Byrne: A guy told me they are lotto ticket cheap and usually a wash of money but there a very small chance of getting rich

Mrjtl999: How is your return on investment using a mining pool?

Callum Perkins: Do these miners work on GUIMiner? And if so, do they require a processor core to function; or will they simply power themselves as such (those who have used GUIMiner will know what I mean). Cheers :)

Priths97: Hey Good vid , just a question Butterfly released a new 10gh/s miner , if i buy four of them and chain it, what would the bitcoin outcome?

Kandi Klover: They have a 10GH/s model now. Not worth the price though. Could just spend 125 on a few antminers.

Problematic Knight Nanoo: great vid man:)

Ryan Bechtol: how many bitcoins a month does this thing put out? im interested in getting it and ive heard it can...

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AiTeee SNS: How do you connect all BFL? USB HUb to a Raspberry?

Nathan Gudmunson: I'm gonna put up a new video soon with my bfl+ antminer units. Should be about 630 GH total tomorrow, then adding another 540 GH for a total of 1.17 TH in early January.

Cryptogopher.: That same unit works on peercoin cause they're both Sha-256, right? i really want to get some of the premade bicoin equipment and use it for peercoin before peercoin goes up.

how much was that one?
Bitcoin is becoming harder but scrypt miners are just around the corner. your litecoin rig video was awesome, I'd be happy with just that.

Super1 23: How much did it cost you?
How much do you make in a day?
How lomg will it take to make a profit?

Bc: holy freak, that is one heck of a machine

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