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Bitcoin miners, wij understand your envy.

Wired has taken possession of a 5-Gigahash vanaf 2nd Bitcoin Miner, built by Butterfly Labs – a.k.a. our very own digital money printing press. Or something like that.

Wij’ve powered up the miner and can confirm that its little crimson light turns on, that it burns hot, and that it makes the sound of a fucktoy hair dryer. Whether it will melt or make you rich or not remains to be seen.

Bitcoin mining is a bit of a zero-sum spel. The Bitcoin peer-to-peer network produces 25 bitcoins every Ten minutes. That’s a onveranderlijk. But people who have more cryptographic processing power have a better chance of winning those 25 bitcoins, and thesis days, there’s an ongoing wedren to up the compute power on the network.

Butterfly Labs is one of a handful of companies that has taken this wedstrijd to the next level, producing custom-built processing machines that are designed to radically up your Bitcoin mining capacity.

The problem is that Butterfly has had a hard time delivering its systems. A indeed hard time. And to make matters worse, its customers embarked paying for thesis systems on pre-order back ter June. Butterfly says it has thousands of orders on the books, but to date, it has only delivered 35 to 40 of them, according to Josh Zerlan, chief operating officer of Butterfly Labs.

So most of the people who shelled out the $274 it costs for one of thesis systems back ter June are still waiting. And they’re mad.

They’re mad, because other companies – most notably Avalon Asics – have shipped hundreds of their own custom-chip machines. That’s already made the Bitcoin mining spel firmer than it used to be. One miner said that he wasgoed generating more than 15 Bitcoins vanaf day with a 67-Gigahash-per-second Avalon equipment he set up ter late January. Spil of this week, his daily production had dropped to Four Bitcoins.

And Avalon expects to waterput another 1,200 systems into the Bitcoin network te the next month or so.

Meantime, Butterfly Labs is nowhere near total production capacity. The company says that its systems will proceed to trickle out, with another 75 to 150 shipping te the next few weeks.

Te the meantime, if you have any questions about the Butterfly Labs machine, send us an email.

Related movie: Bitcoin’s Lightning Network, Simply Explained!


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