{"id":30216,"date":"2013-01-31T06:20:30","date_gmt":"2013-01-31T06:20:30","guid":{"rendered":"http:\/\/ci027cfe79b0062697"},"modified":"2013-01-31T06:20:30","modified_gmt":"2013-01-31T06:20:30","slug":"working-avalon-asic-confirmed-1359613230","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/business\/working-avalon-asic-confirmed-1359613230","title":{"rendered":"Working Avalon ASIC Confirmed, Hashing At 68 GH\/s"},"content":{"rendered":"
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Photo taken by Jeff Garzik<\/em><\/p>\n

Jeff Garzik has just received the first ASIC mining computer to hit the consumer market, and has confirmed on Bitcoin IRC that the machine functions as expected. Even after Avalon announced that they had shipped their ASICs out to customers one and a half weeks ago, many continued to doubt Avalon\u2019s claims, but now the Bitcoin community can finally rest easy knowing that the long-awaited ASICs are indeed real.<\/p>\n

Word from Garzik first came out a few hours ago, when he wrote a blog post<\/a> confirming that he received the package and showing off a few pictures of the device and its packaging. An hour later Garzik followed up with another post<\/a>, detailing the hardware\u2019s modularity and providing a brief three sentence hardware review: \u201cNo wifi antenna included. No paperwork or instructions. Power cable is for Chinese \u201cI-SHENG\u201d power outlets, not American. Easy oversights if someone is rushing to ship it, I suppose :)\u201d Fortunately, Avalon founder Yifu Guo confirms, the rest of Avalon\u2019s customers will get a standard US power cable as expected.<\/p>\n

Now, only several minutes ago, Garzik followed up with a message on Bitcoin IRC announcing the news that Bitcoin enthusiasts everywhere have all been waiting for: \u201cmining!\u201d, soon followed by a statistic: the machine\u2019s average hashrate is 68252.65 MH\/s. This is about thirteen percent higher<\/em> than the 60 GH\/s that Avalon had originally promised, and with the state of the Bitcoin network as it currently is is no small sum; given the current total network hashrate of 22000 GH\/s<\/a>, Garzik will be able to earn an average of about $240 per day. Avalon\u2019s remaining customers will also be able to enjoy highly lucrative rewards, although not quite as extreme; once all of Avalon\u2019s 20 TH\/s are added into the picture, each individual ASIC will earn about $120 per day (paying for itself in slightly under two weeks), although revenues will decrease further when Butterfly Labs\u2019 customers get their hands on their own ASICs \u2013 an event which, given Butterfly Labs\u2019 current shipping projections<\/a> is likely to occur around the beginning of March.<\/p>\n

Garzik has also made additional comments on the machine\u2019s functionality; \u201conce mining started it was very loud,\u201d Garzik writes, \u201cfans full blast, when initially powered on. The the fans flow down, and the noise cuts way down.\u201d He also spoke positively about the web interface, and for mining aficionados posted a detailed cgminer output log at http:\/\/pastebin.com\/g4BhvCXK<\/a>.<\/p>\n

ASIC mining will likely take months to reach its full potential; Avalon is not releasing its next batch until early March, and Avalon and Butterfly Labs may well be working nonstop for the foreseeable future as more and more customers line up to buy their own. The Bitcoin ASIC revolution, far from nearing its finish line, is now only beginning.<\/p>\n","protected":false},"excerpt":{"rendered":"

Photo taken by Jeff Garzik Jeff Garzik has just received the first ASIC mining computer to hit the consumer market, and has confirmed on Bitcoin IRC that the machine functions as expected. Even after Avalon announced that they had shipped their ASICs out to customers one and a half weeks ago, many continued to doubt […]<\/p>\n","protected":false},"author":3568,"featured_media":30215,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[464,2426,3450],"class_list":{"0":"post-30216","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-asics","9":"tag-avalon","10":"tag-jeff-garzik"},"author_data":{"id":3568,"name":"Vitalik Buterin","nicename":"vitalik-buterin","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/f6c592ba748599b4838a2236cba15c741b5a9ea63f623ed1d745b82f22abf36b?s=96&d=robohash&r=g"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/working-avalon-asic-confirmed.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/30216","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/3568"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=30216"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/30216\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/30215"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=30216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=30216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=30216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}