20ph increase in btc mining network - page 2.

philipma1957

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'The right to privacy matters'

Quote from: SMB-2525 on August 12, 2014, 10:32:17 AM

Another future perspective @ .85 WATT/GHS form goes online at the 11/7/2014 bump date. Same assumptions ($600, 16%, 12 days).
Difficulty is 64681965063

The plant goes negative on power alone by 5/18/2015 after producing $290 worth of BTC per tera-hash.

Consider the ASIC team planning the .5W/GHS chips. Assume those farms can go online in time for 3/31/2015 bump. Difficulty is 383953893734.

That plant will go negative on power in 108 days after producing $24.50 per terahash of bitcoin (7/5/2015)

Something is going to change.

yes and this brings about my point of building the gear already and releasing it into the network slowly.

If you build 300ph for cheap. say 30 million and the power plant will be 90 million to build.

you can add the hash slower not in a big dump. Should be interesting to see if china and russia end up with 2 centers each one with 200-300ph.

Bitmaintech was selling s-1 shipped to the usa as low as 172 usd. lets say it cost them 100 bucks of which 25 was shipping. so 1 piece was 75 usd.

So if a s-3 = 75 usd to build 21 = 10th 210 = 100th

2100 = 1 ph so they can build 1 ph for 2100 x 75 = or 157,500 usd that is 1,575,000 usd for 10ph and 15,750,000 usd for 100 ph

all ball park but not crazy wrong. so making 200 ph may be doable for 30 million. remember they could under clock it and use .5 watts so making gear and storing it is

not as crazy as it seems. the gear alone is just one part of the data center. if you build an s-3 center for 21000 units it is 10 ph

so a 30 ph center is 63,000 units

SMB-2525

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Another future perspective @ .85 WATT/GHS form goes online at the 11/7/2014 bump date. Same assumptions ($600, 16%, 12 days).
Difficulty is 64681965063

The plant goes negative on power alone by 5/18/2015 after producing $290 worth of BTC per tera-hash.

Consider the ASIC team planning the .5W/GHS chips. Assume those farms can go online in time for 3/31/2015 bump. Difficulty is 383953893734.

That plant will go negative on power in 108 days after producing $24.50 per terahash of bitcoin (7/5/2015)

Something is going to change.

SMB-2525

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Activity: 195

Merit: 100

Quote from: philipma1957 on August 12, 2014, 09:22:46 AM

enough to run 30x the current network if we burn 1 watt per gh

or 15x the current network if we burn 2 watts per gh

If bitfury and bitmaintech get access to 2 cent a kwatt for power in large amounts they will build big places.

Not complicated it will happen.

At 0.02/KWH, 16% bumps every 12 days one Watt/GHS units go negative on power in 5/18/2015. .85 Watt/GHS units go negative 5/30/2015. .5 Watts/GHS units go negative 7/17/2015.

Something is going to change.

SMB-2525

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This article thinks the Republic of Georgia has about 2.3 GW of exploitable hydropower. Not inexpensive to bring on line:

http://www.hydroworld.com/articles/print/volume-21/issue-01/articles/russia---central-asia/georgian-hydropower-turns-river.html

BPA tariff to a public utility district (mostly in Washington state) is less than 0.04/KWH before transmission and other markups. A lot of those dams were build in 30s-60s and so capital cost is largely amortized already.

philipma1957

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'The right to privacy matters'

Quote from: PBmining on August 12, 2014, 08:43:51 AM

Quote from: philipma1957 on August 12, 2014, 02:50:22 AM

Quote from: xstr8guy on August 11, 2014, 10:10:00 PM

Quote from: philipma1957 on August 11, 2014, 02:12:14 PM

1)you would be competing against yourself.

You are always competing with yourself, whether you add 300 PH/s or 1 GH/s to the network. That is something that won't change if you add the hash power at a slower rate. There is no advantage to adding it slower from what I can see.

well at the scale of 160ph + 300ph = 460ph

adding 300 ph at 1 watt per hash is quite a task. 1th = 1k-watt 1 ph = 1m-watt

300 ph = 300 megawatt

building the 300 ph in mining gear is not that costly.

having the cooling and the power is harder.

at a certain point large scale mining gear production can be very low cost,

but to run the mining gear you need access to cheap power.

the Niagara Falls power plant usa + can could run 5,000 m watts

that means a plant is build able but how many areas have the right setup to make a 300 m watt plant

the idea that I can make gear cheaply. then add it on as I access power cheaply is not far fetched as some think.

here is a link to Niagara falls power cap.

http://www.niagarafrontier.com/power.html 2700 mw USA + 2300 mw CAN = 5000mw

enough to run 30x the current network if we burn 1 watt per gh

or 15x the current network if we burn 2 watts per gh

If bitfury and bitmaintech get access to 2 cent a kwatt for power in large amounts they will build big places.

Not complicated it will happen.

ihasher

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Quote from: Guy Corem on August 12, 2014, 03:53:17 AM

Quote from: dhenson on August 11, 2014, 10:58:21 PM

Quote from: Guy Corem on August 11, 2014, 04:02:48 PM

Quote from: Honeycutt22 on August 09, 2014, 05:29:10 PM

Where did it come from? Sp30s?

No. It's BitFury.

Do you KNOW it's BitFury or speculating?

I know.

Something doesn't add up.

You claim to know about their chips. You claim to know about their datacenters. You claim that they brought up 20MW in Iceland. However, almost 40PH/s just hit the network.

So, the question that all of your customers want answered: Are they using your chips or not? Otherwise how do you explain 40PH/s?

PBmining

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Quote from: philipma1957 on August 12, 2014, 02:50:22 AM

Quote from: xstr8guy on August 11, 2014, 10:10:00 PM

Quote from: philipma1957 on August 11, 2014, 02:12:14 PM

1)you would be competing against yourself.

You are always competing with yourself, whether you add 300 PH/s or 1 GH/s to the network. That is something that won't change if you add the hash power at a slower rate. There is no advantage to adding it slower from what I can see.

herebittybittybitty

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Quote from: horcoff on August 12, 2014, 06:00:04 AM

And what about huge increase in Discus Fish system share https://blockchain.info/pools ? Maybe they are Bitfury clients?

There's been a pretty large percentage increase over the past couple of days in ghash.io as well. I know BitFury does some of their mining in that pool.

horcoff

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And what about huge increase in Discus Fish system share https://blockchain.info/pools ? Maybe they are Bitfury clients?

Guy Corem

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Spondoolies, Beam & DAGlabs

Quote from: dhenson on August 11, 2014, 10:58:21 PM

Quote from: Guy Corem on August 11, 2014, 04:02:48 PM

Quote from: Honeycutt22 on August 09, 2014, 05:29:10 PM

Where did it come from? Sp30s?

No. It's BitFury.

Do you KNOW it's BitFury or speculating?

I know.

Bitsaurus

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Quote from: philipma1957 on August 12, 2014, 02:50:22 AM

Quote from: xstr8guy on August 11, 2014, 10:10:00 PM

Quote from: philipma1957 on August 11, 2014, 02:12:14 PM

for all I know cex.io can run 300ph at 2 cents a watt and the hashing gear is built . along with the power plants. they just add 20 or 30 ph when they think it is proper.

that bolded thought it what keeps me going. the best case for the little guy is that above sentence is true and the 3 or 4 biggest companies are doing just that. If so they

want this to last and will not fuck it up. only time will tell.

Besides mining is more fun then looking up a btc address and a coinbase price.

No one is sitting on 100s of PHs of mining equipment and waiting to deploy them, lol. They push them out onto the network as fast as they can build them.

And they're not waiting before the next difficulty adjustment to do so. That makes absolutely no sense. That's exactly the same as a home miner with 2 new S3s. "Hmm, I think I'll wait 6 days before running my new S3s. I don't want to add to the difficulty until the next adjustment." That just doesn't happen.

if the network has 160ph and you have 300ph sitting in gear you would be a moron to drop the 300 ph into the network.
you do not need to bring on more then 20-35 percent in 1 diff jump. If you are going to be the miner. If you want to sell it that is a different story.

1)you would be competing against yourself.
2)you would also need to build a monster power plant more costly then building the gear.
3) you would also need to cool the gear

My point was building the gear lets say 300ph may be far easier then deploying the gear. Making it may cost a lot less then we realize.

Big companies have larger scale capabilities then any of us realize.

Bitmain tech has sold more then 14,000 s-3's in a month.

Don't think they can't have made an order of 100,000 and sold it to a group.

Well it is certain someone has a very big center being put on line.

That is false. If the network is 160PH and you have 300PH the only reason to not put it online is fear of a 51% attack. The only person who ever really competed with himself unnecessarily was Satoshi. The math has been done multiple times over by both Meni and I think OoC did it once. It never makes sense to withhold hashing power - NEVER!

philipma1957

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Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: xstr8guy on August 11, 2014, 10:10:00 PM

Quote from: philipma1957 on August 11, 2014, 02:12:14 PM

for all I know cex.io can run 300ph at 2 cents a watt and the hashing gear is built . along with the power plants. they just add 20 or 30 ph when they think it is proper.

that bolded thought it what keeps me going. the best case for the little guy is that above sentence is true and the 3 or 4 biggest companies are doing just that. If so they

want this to last and will not fuck it up. only time will tell.

Besides mining is more fun then looking up a btc address and a coinbase price.

No one is sitting on 100s of PHs of mining equipment and waiting to deploy them, lol. They push them out onto the network as fast as they can build them.

And they're not waiting before the next difficulty adjustment to do so. That makes absolutely no sense. That's exactly the same as a home miner with 2 new S3s. "Hmm, I think I'll wait 6 days before running my new S3s. I don't want to add to the difficulty until the next adjustment." That just doesn't happen.

if the network has 160ph and you have 300ph sitting in gear you would be a moron to drop the 300 ph into the network.
you do not need to bring on more then 20-35 percent in 1 diff jump. If you are going to be the miner. If you want to sell it that is a different story.

1)you would be competing against yourself.
2)you would also need to build a monster power plant more costly then building the gear.
3) you would also need to cool the gear

My point was building the gear lets say 300ph may be far easier then deploying the gear. Making it may cost a lot less then we realize.

Big companies have larger scale capabilities then any of us realize.

Bitmain tech has sold more then 14,000 s-3's in a month.

Don't think they can't have made an order of 100,000 and sold it to a group.

Well it is certain someone has a very big center being put on line.

xstr8guy

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Glow Stick Dance!

Quote from: Hfleer on August 12, 2014, 12:14:54 AM

I think it is always so funny, when right before a new type of chip is about to be launched (two weeksTM) the hashrate spikes Wink

Except this spike seems to be coming from a year old 55nm chip. Go figure! Lol.

As much as I dislike BFL, I think they have very little (if anything) to do with the network hashrate rising. They've been relegated to being a washed-up has-been.

Hfleer

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I think it is always so funny, when right before a new type of chip is about to be launched (two weeksTM) the hashrate spikes Wink

dhenson

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Quote from: xstr8guy on August 11, 2014, 11:54:39 PM

Quote from: dhenson on August 11, 2014, 10:58:21 PM

Quote from: Guy Corem on August 11, 2014, 04:02:48 PM

Quote from: Honeycutt22 on August 09, 2014, 05:29:10 PM

Where did it come from? Sp30s?

No. It's BitFury.

Do you KNOW it's BitFury or speculating?

http://www.datacenterknowledge.com/archives/2014/08/01/bitfury-asic-maker-builds-20mw-bitcoin-mining-data-center/

http://venturebeat.com/2014/07/30/bitfury-announces-hosted-mining-services/

Thanks, I'd say that's sufficiently convincing.

xstr8guy

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Glow Stick Dance!

Quote from: dhenson on August 11, 2014, 10:58:21 PM

Quote from: Guy Corem on August 11, 2014, 04:02:48 PM

Quote from: Honeycutt22 on August 09, 2014, 05:29:10 PM

Where did it come from? Sp30s?

No. It's BitFury.

Do you KNOW it's BitFury or speculating?

http://www.datacenterknowledge.com/archives/2014/08/01/bitfury-asic-maker-builds-20mw-bitcoin-mining-data-center/

http://venturebeat.com/2014/07/30/bitfury-announces-hosted-mining-services/

dhenson

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Quote from: Guy Corem on August 11, 2014, 04:02:48 PM

Quote from: Honeycutt22 on August 09, 2014, 05:29:10 PM

Where did it come from? Sp30s?

No. It's BitFury.

Do you KNOW it's BitFury or speculating?

JesseCoin

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Sucks for all the KNC Miners Sad

how you gonna ROI now

Hfleer

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Changing avatars is currently not possible.

Quote from: xstr8guy on August 11, 2014, 10:10:00 PM

Quote from: philipma1957 on August 11, 2014, 02:12:14 PM

for all I know cex.io can run 300ph at 2 cents a watt and the hashing gear is built . along with the power plants. they just add 20 or 30 ph when they think it is proper.

that bolded thought it what keeps me going. the best case for the little guy is that above sentence is true and the 3 or 4 biggest companies are doing just that. If so they

want this to last and will not fuck it up. only time will tell.

Besides mining is more fun then looking up a btc address and a coinbase price.

No one is sitting on 100s of PHs of mining equipment and waiting to deploy them, lol. They push them out onto the network as fast as they can build them.

And they're not waiting before the next difficulty adjustment to do so. That makes absolutely no sense. That's exactly the same as a home miner with 2 new S3s. "Hmm, I think I'll wait 6 days before running my new S3s. I don't want to add to the difficulty until the next adjustment." That just doesn't happen.

###

That is like saying: Hey we can print money, but lets wait until we can print less of it.

xstr8guy

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Glow Stick Dance!

Quote from: philipma1957 on August 11, 2014, 02:12:14 PM

for all I know cex.io can run 300ph at 2 cents a watt and the hashing gear is built . along with the power plants. they just add 20 or 30 ph when they think it is proper.

that bolded thought it what keeps me going. the best case for the little guy is that above sentence is true and the 3 or 4 biggest companies are doing just that. If so they

want this to last and will not fuck it up. only time will tell.

Besides mining is more fun then looking up a btc address and a coinbase price.

No one is sitting on 100s of PHs of mining equipment and waiting to deploy them, lol. They push them out onto the network as fast as they can build them.

And they're not waiting before the next difficulty adjustment to do so. That makes absolutely no sense. That's exactly the same as a home miner with 2 new S3s. "Hmm, I think I'll wait 6 days before running my new S3s. I don't want to add to the difficulty until the next adjustment." That just doesn't happen.

Topic: 20ph increase in btc mining network - page 2. (Read 4382 times)