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Digital hey guys we're here checking out Bitcoin and Butterfly Labs and they had
something that caught my eye immediately I'd actually seen a mini press release about this before I came to the booth
and just wasn't sure where they were because there's a little bit of a mixup and was really excited when I saw it so
what can you tell me generally about this product so we have our new monarch
product it's our 600 gigahash high-capacity as6 mining card and it's
actually a dual dual system where you can use it as a PCI Express card or you
can use it outside of your computer as a USB device and it we were're going to
offer a number of different options for it from Air cooling water cooling and uh
in both an open loop and a Clos Loop version the that open loop version looks
absolutely insane you guys did a really good job with that and I like that you guys have all the different variations
that someone could possibly want now how how can you go about connecting this I
know there's the USB version like what what requirement do you need for that
you just minimal requirements you can use an Android laptop you can use Mac
you can use a Windows and it's it's just
standard USB and you can use just about any mining program I know Mac Miner
supports it bit Minter CG Miner BFG Miner and of course our own Easy minor
and then for connectivity sake uh a USB header can take a crazy amount of these
so you just need PCI Express power two pin uh two sets of six pins and then a
USB header of some sort to go to the card right yeah and for every single
Root Hub in your so every USB chip in your computer you can have up to 126 127
devices connected to it so that's an absolutely insane amount of devices I
know I've seen quite a few of you guys on the Forum purchasing up a bunch of
really cheap power supplies and running a few cards off it this is a pretty good
idea for that because it's not going to take a crazy amount of power to power each one and you just have a couple
power supplies powering your extra cards which is not a bad idea yeah each unit
actually consumes roughly 350 Watts yeah
the main I've seen is this like uh it's a pretty offbrand about 20 $25 450 wat
power supply that people are buying tons of and running a bunch of cards so that
would be perfect nice yeah now what can you tell me about this Hardware wallet
I've seen so our newest product is called the bitsafe and it is a hardware
wallet and it will basically store your private Keys securely and never expose
them to the host computer so you could take this Hardware wallet out to a a
public machine a internet cafe it may even be compromised and have malware on
it and working with some of the wallet manufacturers uh such as blockchain
Armory that sort of thing we will you'll basically be able to send a request to
sign a transaction and it will go to the
bitsafe the bitsafe will sign it internally and send it back out so the
private keys will never be exposed and you'll never have to worry about your
Bitcoins being stolen the future is here that's freaking cool you can have a
hardware wallet that's awesome because I've been I've been wondering about how that goes and it's interesting because
every once in a while you hear that someone will lose their wall wallet yes it's just like oh God and well you also
be when you first instantiate your wallet you'll be able to print out a
paper backup stored in your safe so even if you lose your Hardware wallet you
just get a new one and you reload it onto that wallet it's a really good idea
we've heard some a few horror stories about that so one of the features that
we're including with it is actually a solar cell on the back so you can leave
it sitting on your desk or what have you and it will charge the battery you can
and the screen is a version of eink that
is very low power so it will even operate the screen directly if you are
very low on batteries you can charge it via USB but as long as you let it sit in
the light it'll charge itself I find a lot of these devices that you you're
able to just sit in pretty much any light they never really die anyways because as long as you don't keep it in
your pocket 24/7 they'll usually have some amount of charge and you said it's
really low power too right right yes the the eing screen just uses just very
minimal amount of power and it'll it's
we're trying to make as low power so it'll last as long as possible without ever having to recharge now can you
explain the different options you have when going through a transaction with this thing like what what what can it do
in terms of transactions so addition to being able to plug it into a host
computer the main feature and probably the main way people will use it is via
the camera that it will have and you'll be able to scan QR codes with it it will
also be able uh we're still debating on whether or not we're going to have a
Bluetooth module where you can send that in real time but the the camera will
allow you to use QR codes such as a like a lamu uh ATM or someone's smartphone or
even another bit safe which uh the bit safe will be able to display a QR code
for receiving and another bit safe will be able to send to that one so if you
had if you and a a customer or a buddy or something had two bit safes you could
theoretically just take pictures of each other's QR codes and transfer Bitcoins
that way yes absolutely so if you're out for dinner one night you be like hey you
owe me you owe me quarter Bitcoin you can send it right there from bit safe to
bit safe that's awesome how much would each one of these individual units cost
and the hardware each card will run it right now runs
$2,100 for the 600 gash for the 300 gash
I think it's around $1,200 the hardware wallet we want to make it as cheap as
possible and we keep trying to get the price down get the price down it looks
like right now it'll be probably in the $150 range I would love to get a some
sort of device maybe not the bit safe itself but something in the $3 or $40
range something we're looking at I don't know if we can do it with uh at least
with all the features we want but it's something we definitely want to do I i'
I've got a few people that I know that have more expensive wallets than that so
while while it is a little bit up there and I'd like to see around 3040 as well
I I could see a few people buying it thanks for watching our our butterfly
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