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

[666DAN]

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

[PM-R33]

I literally had to Google that to understand what you were selling lol.

Now I am even more confused.

[t5iv]

Ooooh a bit coin miner... interesting. One of the guys at work was looking me thinks, shall convey the message.

[666DAN]

Warn him it's highly addictive :S I find myself constantly logging in and watching the numbers grow

[dano4127]

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]

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 So that's a Bitcoin in 25 days running alongside the 30Gh/s one

[666DAN]

Sorry, re: costs....electricity to run the miner, and the mining pool takes a small percentage, basically nothing though.

[PM-R33]

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]

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]

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]

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.

[PM-R33]

It really is just such a fascinating concept isn't it!

[666DAN]

Very.....it's like crack addiction

[mattis96]

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?

[666DAN]

yeah pretty much right. Doesn't use much at all.

[t5iv]

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.

[666DAN]

30Gh/s miner SOLD!

50Gh/s available

[666DAN]

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]

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

[666DAN]

I'll take any payment....as long as I get it