Right now, I am running 15GH of asic bitcoin mining (2 x Butterfly Labs Jalepenos) and have another 60GH on order with Butterfly Labs. I am pretty much a hobby bitcoin miner. I am not getting rich off this. Right now I am making $10-20 per day, and I expect that to drop quickly as new asics are deployed. I watched so many new asic devices hit the market recently. I told myself I was going to stay out of the asic arms race because its pretty much gambling at this point. After my experiences with huge delays from Butterfly Labs, I would be stupid to pre-order anything. On the other hand, I wanted to get something on order so I could continue to grow my rig and learn how to run the next generation equipment. Even if it would break even, I want to get something. So when I saw the HashFast BabyJet was going to do a minimum of 400 Ghash/s, I had to get it. I spent some time researching the company, and they seemed pretty legit. They are well funded and seem to have good management.
So the unit cost me $5600 plus $175 for overnight shipping. It is expected to begin shipping October 20-30, which would be amazing if I got it that early. They plan on selling 550 of these BabyJets, of which there are currently 71 left (as of 8/23/13). I got my order in the first 25% of all orders so I am pretty happy about that.
Recently they announced a Miner Protection Program, that pretty much guarantees I will break even.
Here is the miner Protection Program: Along with everyone else, we too have been closely watching the growth of the network Hashrate.
It is of concern to all miners, particularly to those looking to pre-purchase equipment. The more time there is between purchase and delivery, the greater the risk that the Hashrate will climb to a point where the miner will never make their money back.
That is the reason behind our Miner Protection Program, and the guarantee we provide is:
If any of our pre-purchase customers has not achieved payback on their investment in HashFast equipment within 90 days* of taking delivery from us, we will support them by providing them with up to 4X the Hashing capacity they originally purchased, free of charge.
We will give you double the extra capacity you would have needed to break even (up to a maximum of 4x your original purchase). The extra capacity will be chips only, to be used with a HashFast or third party chassis.
*Assuming you have been running your mining rig 24/7, ROI calculated from the daily difficulty level, block arrival rate, and hash rate of equipment delivered.
Founder and CEO, Hashfast
I also read that you can request a refund if you have not received your unit by 12/31/13. They made this purchase low risk for me.
In case you are interested in the specs, these are from their website.
- Contains 1 HashFast Golden Nonce (GN) Chip
- Under 350 watt power draw*
- Efficient liquid cooling
- 28nm custom ASIC
- Hashing Output: 400 Gigahash/s at nominal clock speed
- Power Consumption: significantly less than 1.0 W/GH at nominal clock speed
Designed to be underclocked for greater efficiency – better than 0.5 W/GH*
Designed to be overclocked for greater performance – better than 500GH/s**
If you are interested in ordering the HashFast BabyJet Bitcoin Asic Miner, you can visit the HashFast BabyJet Order Page. Join the bitcoin asic mining arms race today before its too late.
Order Chain – First Batch of Baby Jets