The point is that Bitcoin is perfectly parallel. Even those 1.2 TH/s "units" consists of 400 to 500 GH/s boards. It makes absolutely not sense to sell a 38 TH/s unit. You could just sell lots of 2 TH/s units. Modular, cheaper mainstream power supplies, redundancy (one unit fails send 2 TH/s back for RMA and keep mining with the other 36 TH/s not 38 TH/s).
Today you could buy 20 Cointerra rigs and put them into a datacenter rack and tada 40 TH/s. What does a single 38 TH/s unit get you? Bitcoin is an embarrassingly easy parallel problem. It means twenty 2 TH/s units work just as efficiently as a single 40 TH/s unit. The advantage of smaller units if you can use off the shelf parts (cooling, power, cases, data, etc).
Topic: 38 th/s BTC miner on the way.. - page 2. (Read 6989 times)
I have a feeling it would be a lot cheaper GH/S compare to the current price but the unit may have been designed for a large data center use or the multi-use system such as miner 1st then the extra heat get recycled for the office heater or pre-warm the water in the office building where the monster get housed.
Power spec is nothing out of the ordinary, if it was planned to be used as the industrial equipment. May be that's where the OP mentioned that this could be a group-buy as it will be more than a buying a new car but buying the heave weight commercial shop machine.
with the 2TH unites or 1.2TH unites with 400% equipment upgrade guarantees on the market by end of this year or early January of 2014, the current home use type miners may have hit the ceiling. Now, it could be a new break-through in the technology or just clustering the current technology like when the clustered PS3 for the super secret Government Use was an unthinkable past a few years ago, but it did existed.
Also, the price wars of the miners, it makes more sense that cramming more power into 1 humongous unit to come up with the manufacture's profit. I'm sure these companies are making nice profit for the current 2TH unit sale price, but in order for whoever this is to stay in the game, reducing the profit per whateer the chips they are going to use but cutting the per-chip profit but compensate that with large number of chips in 1 commercial use unit.
Sometimes no name journalist can break the world news just by his/her crazy luck. May be this OP fell into something he/she wasn't planning to be a part of. Or, got succkered into the crazy scam but not realizing it yet. Either way, we should stay tuned and see the result.
This OP is taking the risk of releasing unbelieable story by the mass by taking the chance with his credibility. Let's at least give this OP do the information release as it was fed to the OP, so when the OP does the review, the OP won't withhold some info the OP think the readers may attack the OP again.
38TH/S will crush everyone if it did come out by end of this year and hit the network. Most Pre-Orders for the higher end miners who paid $4000 and up will see their hope of ROI like the 4th of July fireworks.
MAY BE I'M DREAMING but it's possible....
I'm so disappointed with the current pre-order conditions and lots of mining investors who lost life savings but I'm trying to be positive today! May be just Today...
Power spec is nothing out of the ordinary, if it was planned to be used as the industrial equipment. May be that's where the OP mentioned that this could be a group-buy as it will be more than a buying a new car but buying the heave weight commercial shop machine.
with the 2TH unites or 1.2TH unites with 400% equipment upgrade guarantees on the market by end of this year or early January of 2014, the current home use type miners may have hit the ceiling. Now, it could be a new break-through in the technology or just clustering the current technology like when the clustered PS3 for the super secret Government Use was an unthinkable past a few years ago, but it did existed.
Also, the price wars of the miners, it makes more sense that cramming more power into 1 humongous unit to come up with the manufacture's profit. I'm sure these companies are making nice profit for the current 2TH unit sale price, but in order for whoever this is to stay in the game, reducing the profit per whateer the chips they are going to use but cutting the per-chip profit but compensate that with large number of chips in 1 commercial use unit.
Sometimes no name journalist can break the world news just by his/her crazy luck. May be this OP fell into something he/she wasn't planning to be a part of. Or, got succkered into the crazy scam but not realizing it yet. Either way, we should stay tuned and see the result.
This OP is taking the risk of releasing unbelieable story by the mass by taking the chance with his credibility. Let's at least give this OP do the information release as it was fed to the OP, so when the OP does the review, the OP won't withhold some info the OP think the readers may attack the OP again.
38TH/S will crush everyone if it did come out by end of this year and hit the network. Most Pre-Orders for the higher end miners who paid $4000 and up will see their hope of ROI like the 4th of July fireworks.
MAY BE I'M DREAMING but it's possible....
I'm so disappointed with the current pre-order conditions and lots of mining investors who lost life savings but I'm trying to be positive today! May be just Today...
Henry Rollins is such a beast. Good song thanks for the Share
Power Usage
And what about power usage? AFAIK current state of the art is Bitmine.ch in Low Power mode (pre-order, so we haven't seen a working example yet). Their website claims 0.35W/GH/s in low power mode. At that rate, 38 TH/s would draw 13.3kW. In New Zealand, you can pull a maximum of 2.4kW from a standard 10A household power plug. An entire house in NZ has a total supply of 240V @ 60A = 14.4kW. (Someone else can advise the figures for the US and other countries, but I suspect it is fairly similar). I'm pretty sure all the ASIC miners designed so far keep the power draw <= 2kW, otherwise it is difficult for a home user to use it. Perhaps the 38 TH/s miner is for datacentres only?
Modern houses in the US have a 100-150 amp main service at 220v. It is hard to get more than a 200 amp service on a residence. Standard wall outlets are 120v at either 15 or 20 amps. No "plug in" device should exceed 80% of capacity. Thus the most powerful device you would see in a common outlet in the US is 120v x 16 amps or about 1.9 KW. I "think" the maximum a plug in device can draw is 60 amps. Common high power plugs are 50 amps for a kitchen range and 30 amps for a clothes dryer. So, you could reasonably draw 9-10 KW from a 50 amp range plug.
Monarch is around 0.5W/GH/s which is probably more representative which would want 19 kW for 38 TH/s.
So, applying a basic "smell check" suggests something isn't right with their numbers if the product is aimed at the consumer market.
Note: I mentioned the larger unit would more than likely be an industrial RIG . You cannot rule out the individual hardcore miner on the other hand. The right person with the proper funding can turn an industrial strength product into personal application. It is amazing the ingenuity of a bitcoin miner with grand dreams of rolling in BTC.
Monarch is around 0.5W/GH/s which is probably more representative which would want 19 kW for 38 TH/s.
Monarch isn't 0.5 J/GH at the wall. The chip "may" use 0.5 J/GH but when you add in 10% (or more) DC conversion losses, 10% (or more ATX PSU losses), plus the balance of the system you are closer to 0.8 J/GH which is suprisingly pretty close to the numbers from Cointerra, HashFast, and KNC. Not that surprising given there is only so much efficiency possibly at 28 nm.
Power Usage
And what about power usage? AFAIK current state of the art is Bitmine.ch in Low Power mode (pre-order, so we haven't seen a working example yet). Their website claims 0.35W/GH/s in low power mode. At that rate, 38 TH/s would draw 13.3kW. In New Zealand, you can pull a maximum of 2.4kW from a standard 10A household power plug. An entire house in NZ has a total supply of 240V @ 60A = 14.4kW. (Someone else can advise the figures for the US and other countries, but I suspect it is fairly similar). I'm pretty sure all the ASIC miners designed so far keep the power draw <= 2kW, otherwise it is difficult for a home user to use it. Perhaps the 38 TH/s miner is for datacentres only?
Modern houses in the US have a 100-150 amp main service at 220v. It is hard to get more than a 200 amp service on a residence. Standard wall outlets are 120v at either 15 or 20 amps. No "plug in" device should exceed 80% of capacity. Thus the most powerful device you would see in a common outlet in the US is 120v x 16 amps or about 1.9 KW. I "think" the maximum a plug in device can draw is 60 amps. Common high power plugs are 50 amps for a kitchen range and 30 amps for a clothes dryer. So, you could reasonably draw 9-10 KW from a 50 amp range plug.
Monarch is around 0.5W/GH/s which is probably more representative which would want 19 kW for 38 TH/s.
So, applying a basic "smell check" suggests something isn't right with their numbers if the product is aimed at the consumer market.
So will we know before the 28th, or after?
That' the word. The developers will do the official announcement here on BitcoinTalk but have promised us at BitcoinSniper.com some sneak peak information along with a Physical review of the Miner. We will be flying out to their location to do some Video interviews. I believe this company truly wants to make sure to verify the validity of their hardware first before ever talking PRICE. BitcoinSniper.com will not be the only group involved in the review of this Company or its hardware. We will be representing the USA in our review effort. Several other country Reps will take part in the global release. I believe it was only a matter of time before MEGA industrial Rigs were introduced to the network. The million dollar question has always been. Why don’t large fortune 500 companies get involved in Bitcoin? Certainly if a fortune 500 company got involved into Bitcoin they would need a new CLASS of Asic miner? I believe with the introduction of this hardware will answer these questions.
So will we know before the 28th, or after?
Scam radar - smell detected.
Scam would require me to ask for money. I am only offering FREE information. If i was to manufacture a devise like this.I would NOT sell it. I would build them and mine independently . no, you are spreading scam information and advocating it. same deal.
Are you 100% sure my information is incorrect? If you say yes .I guess you can also Predict the future and grant magical wishes. You have no idea what the future may bring nor can you disprove my information. Thus your statement is merely an opinion from 1 person out of 7.046 billion people on this earth. I do thank you for sharing your opinion. Everyone is certainly entitled to one
Scam radar - smell detected.
Scam would require me to ask for money. I am only offering FREE information. If i was to manufacture a devise like this.I would NOT sell it. I would build them and mine independently . no, you are spreading scam information and advocating it. same deal.
38 TH/s miner... I'm skeptical. With all due respect, here's some reasons why:
Case size
The current state of the art Bitcoin ASICs use 28nm lithography. The latest 4th Generation Intel® Core™ i7 Processors use 22nm lithography (e.g. the Intel® Core™ i7-4960HQ Processor). Intel is a big company, I doubt we'll see relatively small (compared to Intel) Bitcoin ASIC manufacturers using better than 22nm lithography any time soon. Even if a Bitcoin ASIC manufacturer did use 22nm, it is not a huge leap from the 28nm process used by Bitcoin ASICs now. It's a leap, but I suspect not enough to pack 38 TH/s into one miner in a desktop or 4U (say) rack-mountable case.
Power Usage
And what about power usage? AFAIK current state of the art is Bitmine.ch in Low Power mode (pre-order, so we haven't seen a working example yet). Their website claims 0.35W/GH/s in low power mode. At that rate, 38 TH/s would draw 13.3kW. In New Zealand, you can pull a maximum of 2.4kW from a standard 10A household power plug. An entire house in NZ has a total supply of 240V @ 60A = 14.4kW. (Someone else can advise the figures for the US and other countries, but I suspect it is fairly similar). I'm pretty sure all the ASIC miners designed so far keep the power draw <= 2kW, otherwise it is difficult for a home user to use it. Perhaps the 38 TH/s miner is for datacentres only?
_____________________________
BTW, the Asic Bitcoin Mining hardware comparison page on your web site is out of date. It looks like an old list published on another site I saw a while back. I don't have the time or patience to go through all the updates, but here's a few for you, free of charge:
Case size
The current state of the art Bitcoin ASICs use 28nm lithography. The latest 4th Generation Intel® Core™ i7 Processors use 22nm lithography (e.g. the Intel® Core™ i7-4960HQ Processor). Intel is a big company, I doubt we'll see relatively small (compared to Intel) Bitcoin ASIC manufacturers using better than 22nm lithography any time soon. Even if a Bitcoin ASIC manufacturer did use 22nm, it is not a huge leap from the 28nm process used by Bitcoin ASICs now. It's a leap, but I suspect not enough to pack 38 TH/s into one miner in a desktop or 4U (say) rack-mountable case.
Power Usage
And what about power usage? AFAIK current state of the art is Bitmine.ch in Low Power mode (pre-order, so we haven't seen a working example yet). Their website claims 0.35W/GH/s in low power mode. At that rate, 38 TH/s would draw 13.3kW. In New Zealand, you can pull a maximum of 2.4kW from a standard 10A household power plug. An entire house in NZ has a total supply of 240V @ 60A = 14.4kW. (Someone else can advise the figures for the US and other countries, but I suspect it is fairly similar). I'm pretty sure all the ASIC miners designed so far keep the power draw <= 2kW, otherwise it is difficult for a home user to use it. Perhaps the 38 TH/s miner is for datacentres only?
_____________________________
BTW, the Asic Bitcoin Mining hardware comparison page on your web site is out of date. It looks like an old list published on another site I saw a while back. I don't have the time or patience to go through all the updates, but here's a few for you, free of charge:
- Remove TerraHash from the list - their business has closed.
- Include the 28nm miner pre-sales from Bitmine.ch - CoinCraft Desk and CoinCraft Rig.
- KnCMiner - remove Mercury, it is no longer offered. Update the specs on Saturn to 275 GH/s and Jupiter to 550 GH/s as per the KnCMiner website. My Jupiter gets 530+ GH/s, but some people get better than 550 GH/s, it varies a bit from unit to unit. Also the KnCMiner ASICS draw roughly 1.2W/GH/s measured at the wall (sample of 1, my Jupiter)
Thank you for sharing information. Will make sure to make the changes
Scam radar - smell detected.
Scam would require me to ask for money. I am only offering FREE information. If i was to manufacture a devise like this.I would NOT sell it. I would build them and mine independently . At BTC2 a piece, these will never make ROI.
Even at 38GH/s and if one would receive a miner as early as the 15th of November (which is highly unrealistic) one day after their promised shipping date, the miner would make a total of BTC1.68 according to http://bitcoinwisdom.com/bitcoin/calculator. At a conservative 30% diff. increase per 2016 blocks.
If you receive the miner today and mine for 8 months straight, you'd just barely make BTC2.
Do not invest.
Even at 38GH/s and if one would receive a miner as early as the 15th of November (which is highly unrealistic) one day after their promised shipping date, the miner would make a total of BTC1.68 according to http://bitcoinwisdom.com/bitcoin/calculator. At a conservative 30% diff. increase per 2016 blocks.
If you receive the miner today and mine for 8 months straight, you'd just barely make BTC2.
Do not invest.
He says its 38TH/s not 38GH/s.
Correct !!! 38TH/s
At BTC2 a piece, these will never make ROI.
Even at 38GH/s and if one would receive a miner as early as the 15th of November (which is highly unrealistic) one day after their promised shipping date, the miner would make a total of BTC1.68 according to http://bitcoinwisdom.com/bitcoin/calculator. At a conservative 30% diff. increase per 2016 blocks.
If you receive the miner today and mine for 8 months straight, you'd just barely make BTC2.
Do not invest.
Even at 38GH/s and if one would receive a miner as early as the 15th of November (which is highly unrealistic) one day after their promised shipping date, the miner would make a total of BTC1.68 according to http://bitcoinwisdom.com/bitcoin/calculator. At a conservative 30% diff. increase per 2016 blocks.
If you receive the miner today and mine for 8 months straight, you'd just barely make BTC2.
Do not invest.
He says its 38TH/s not 38GH/s.
Well, not worth the value, wait for the 1 TH/s ASIC, its the cheapest based on GH/s on market....
Scam radar - smell detected.
At BTC2 a piece, these will never make ROI.
Even at 38GH/s and if one would receive a miner as early as the 15th of November (which is highly unrealistic) one day after their promised shipping date, the miner would make a total of BTC1.68 according to http://bitcoinwisdom.com/bitcoin/calculator. At a conservative 30% diff. increase per 2016 blocks.
If you receive the miner today and mine for 8 months straight, you'd just barely make BTC2.
Do not invest.
Even at 38GH/s and if one would receive a miner as early as the 15th of November (which is highly unrealistic) one day after their promised shipping date, the miner would make a total of BTC1.68 according to http://bitcoinwisdom.com/bitcoin/calculator. At a conservative 30% diff. increase per 2016 blocks.
If you receive the miner today and mine for 8 months straight, you'd just barely make BTC2.
Do not invest.
38 TH/s miner... I'm skeptical. With all due respect, here's some reasons why:
Case size
The current state of the art Bitcoin ASICs use 28nm lithography. The latest 4th Generation Intel® Core™ i7 Processors use 22nm lithography (e.g. the Intel® Core™ i7-4960HQ Processor). Intel is a big company, I doubt we'll see relatively small (compared to Intel) Bitcoin ASIC manufacturers using better than 22nm lithography any time soon. Even if a Bitcoin ASIC manufacturer did use 22nm, it is not a huge leap from the 28nm process used by Bitcoin ASICs now. It's a leap, but I suspect not enough to pack 38 TH/s into one miner in a desktop or 4U (say) rack-mountable case.
Power Usage
And what about power usage? AFAIK current state of the art is Bitmine.ch in Low Power mode (pre-order, so we haven't seen a working example yet). Their website claims 0.35W/GH/s in low power mode. At that rate, 38 TH/s would draw 13.3kW. In New Zealand, you can pull a maximum of 2.4kW from a standard 10A household power plug. An entire house in NZ has a total supply of 240V @ 60A = 14.4kW. (Someone else can advise the figures for the US and other countries, but I suspect it is fairly similar). I'm pretty sure all the ASIC miners designed so far keep the power draw <= 2kW, otherwise it is difficult for a home user to use it. Perhaps the 38 TH/s miner is for datacentres only?
_____________________________
BTW, the Asic Bitcoin Mining hardware comparison page on your web site is out of date. It looks like an old list published on another site I saw a while back. I don't have the time or patience to go through all the updates, but here's a few for you, free of charge:
Case size
The current state of the art Bitcoin ASICs use 28nm lithography. The latest 4th Generation Intel® Core™ i7 Processors use 22nm lithography (e.g. the Intel® Core™ i7-4960HQ Processor). Intel is a big company, I doubt we'll see relatively small (compared to Intel) Bitcoin ASIC manufacturers using better than 22nm lithography any time soon. Even if a Bitcoin ASIC manufacturer did use 22nm, it is not a huge leap from the 28nm process used by Bitcoin ASICs now. It's a leap, but I suspect not enough to pack 38 TH/s into one miner in a desktop or 4U (say) rack-mountable case.
Power Usage
And what about power usage? AFAIK current state of the art is Bitmine.ch in Low Power mode (pre-order, so we haven't seen a working example yet). Their website claims 0.35W/GH/s in low power mode. At that rate, 38 TH/s would draw 13.3kW. In New Zealand, you can pull a maximum of 2.4kW from a standard 10A household power plug. An entire house in NZ has a total supply of 240V @ 60A = 14.4kW. (Someone else can advise the figures for the US and other countries, but I suspect it is fairly similar). I'm pretty sure all the ASIC miners designed so far keep the power draw <= 2kW, otherwise it is difficult for a home user to use it. Perhaps the 38 TH/s miner is for datacentres only?
_____________________________
BTW, the Asic Bitcoin Mining hardware comparison page on your web site is out of date. It looks like an old list published on another site I saw a while back. I don't have the time or patience to go through all the updates, but here's a few for you, free of charge:
- Remove TerraHash from the list - their business has closed.
- Include the 28nm miner pre-sales from Bitmine.ch - CoinCraft Desk and CoinCraft Rig.
- KnCMiner - remove Mercury, it is no longer offered. Update the specs on Saturn to 275 GH/s and Jupiter to 550 GH/s as per the KnCMiner website. My Jupiter gets 530+ GH/s, but some people get better than 550 GH/s, it varies a bit from unit to unit. Also the KnCMiner ASICS draw roughly 1.2W/GH/s measured at the wall (sample of 1, my Jupiter)
You can choose to write it off as pointless dribble or store it for when you hear something about a mammoth of an asic miner.
To be fair, he did say a MAMMOTH of an asic miner.
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