BFL was the first company to announce its ASIC-based miner. Confidence in success was largely based on the company's previous achievements in FPGA miners.

In June 2012, BFL began accepting pre-orders for three types of miners: $149 for Jalapenos, with a performance of 4.5 GH/s; $1299 for SC Singles at 60GH/s; and for $30K you could pre-order the monstrous SC MiniRigs with a performance of 1500GH/s.

At such prices, these miners could mine 20-50 times more bitcoins per dollar of investment than GPU or FPGA miners. The total amount of pre-orders just on the first day exceeded $250K, and the activity of customers remained high for a long time. This was more than enough to cover substantial expenses for chip design and the manufacturing of lithographic masks for the 65nm process, which are estimated at $500K.

Each chip produced by BFL contains 16 fully unfolded pipelines for SHA256 computation, which is equivalent in performance to 16 mid-hi-end FPGAs packed into 1 ASIC. At the same time, the size of the chip was only 10x10mm in a BGA package.