Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 427. (Read 771288 times)

Actually they are they are about to release Onsite Hosting plans so that when the miner comes off the line it goes across the hall to hosting and is online within a few min and ready for configuration of your desired pool

That just means HashFast is going to pocket more money... it's not like they'll be passing on the savings to customers.

guess you have all the answers.  tell us all the stuff you learned in your interview with Ken.  stuff we dont already all know cause it's OLD news.

well you did that post about that info but that info is OLD news to me since I did the Interview with Hashfast a few weeks ago and they told me about this, and by you posting it here is nothing new to me

What do you think of this: http://www.anandtech.com/show/7454/seasonic-to-power-hashfast-bitcoin-mining-equipment

QUOTED FROM THE LINK ABOVE:
Seasonic and HashFast Technologies announced that they have signed an agreement for Seasonic to produce power supplies for HashFast’s Bitcoin mining systems.

Seasonic is one of the oldest and most reputable manufacturers of high performance PC power supply units, held in high regard by enthusiasts. Today, the company channels their products via their own retail brand but their designs can also be found behind many other brand names, as they also cooperate with many other companies as an OEM of high performance PSUs. HashFast on the other hand is a new company which has just been founded recently and is based in San Jose, California. HashFast currently plans to focus on the manufacture of Bitcoin ASICs.
 
HashFast is particularly excited about the Seasonic partnership, given the PSU company's reputation in the industry. In order to accommodate what appears to be standard ATX form factor Seasonic PSUs, the rack mounted HashFast Sierra mining boxes now feature a 4U chassis. HashFast currently offers two mining systems: the tower form factor Baby Jet with a single ASIC, starts at $2250, while the multi-ASIC, rack-mountable Sierra starts at $6300. Both HashFast mining engines feature, aside from Seasonic power supplies of currently unknown specifications, liquid cooling solutions. They are expected to be available before Christmas.
 
Although the higher efficiency of a power supply hardly makes sense in most applications, it is more than a logical choice for these high power Bitcoin miners, which will operate continuously under heavy stress. The savings from the cost of energy alone more than justify HashFast's choice, while quality is of paramount importance under such conditions. It's also a good move for Seasonic as seeking adjacent markets for its PSUs can help to somewhat reduce its dependence on PCs alone for sales.
 
It is interesting to note that a virtual currency, Bitcoin, despite the many hiccups and the extremely volatile value, became popular enough to allow for the founding of companies solely focused on the creation of "super computers", designed specifically for mining. High monetary investments on a virtual currency however are extremely risky; individuals should tread lightly, lest this whole thing becomes a 21st century "gold rush". Apart from the fact that the virtual currency is extremely volatile and might lose its value at any time, the generation of a Bitcoin depends on the hashing power of your system(s) against the total hashing power available globally. As ASICs are being introduced into the hashing power of the community, not only they will spell the doom of common home computers but the output of every ASIC will diminish as more similar systems are entering the community.
 
HashFast is one of a few companies founded this year and will be providing Bitcoin mining ASICs, therefore we expect hundreds if not thousands of such systems to be introduced into the Bitcoin community by the end of 2014. It remains to be seen if the investment of thousands of dollars on such systems is a viable economic investment, or if the massive processing power that will be introduced will make the generation of a Bitcoin a tedious, time consuming process, ultimately without a reasonable economic benefit; or, worse, result to a loss. HashFast does offer a Miner Protection Program for a large fee (nearly double the base cost of their mining hardware) to attempt to offset the risk, but it's still a risk.
 
To put things in perspective, the hash rate in January of 2013 was around 23.25 THash/sec, with a difficulty of 3,249,550. The current hash rate for the Bitcoin network is now 267,731,249, with a hash rate of 1916.5 THash/sec. Put into ASIC mining rates, the much-delayed Butterfly Jalapeno ASIC rated at roughly 5 GHash/sec would have generated around 23.5 BTC/month in January; with a Bitcoin value of $13-$21, that works out to $300-$450 per month. Today that same 5 GHash/sec hardware generates around 0.30 BTC/month, or $50-$70 depending on what Bitcoin price you want to look at for the past ten days. In terms of efficiency, the Jalapeno is still generating more money in BTC than it uses in power (45W means a power cost of $3.25 per month at $0.10 per kWh), but with the network difficulty skyrocketing we're only a few months away from the break even point for BFL's Jalapeno, and other ASICs will inevitably follow suit. (The HashFast 28nm ASIC appears to be ~10X as efficient as the BFL Jalapeno.)
Source: Seasonic USA

Wow almost 391mill

Lol

Ken, we really need these eASIC chips! What the hell is going on?

hey mr. pot-calling-kettle-black (aka minerpart) - are you seriously telling everyone that you believe that ACtM is and/or will be better than KNC?  without any current proof to back that up other than your feeling?  seems bargraphics is proof that they produce a pretty nice product, and have produced a lot of it (with total network over 3 PH/s now, we know that all that added hash isnt only coming from BFL, ASICMiner, and bitfury).  that isnt to say that ACtM cant and wont produce a good, timely product.  even IF they do it doesnt make KNC's product any less good, and doesnt take away from the fact that they are adding/have added a shit-ton of that total hash (1.5 PH/s according to bargraphics, though that number seems high right now, maybe thats the total amt they have sold) to the network before ACtM even put out 1 MH/s.  maybe KNC will fall by the wayside (like ASICMiner seems to have) and ACtM will be right there to pick up all the willing buyers.  let's hope so for everyone's sake that has $ invested in ACtM.

so to recap - KNC current has a product that is shipping and a lot of people are mining with.  ACtM does not.  bashing other companies (KNC, ASICMiner, BFL, Avalon, etc) that have actually put out a product and are PROFITABLE will NOT make ACtM make and release their product any sooner.  if you feel you must resort to bashing other companies because you dont have enough positive info to cheer about with ACtM, then you need to take that up with Ken.

disclaimer:

EDIT - and in case you didnt know, the difficulty jump that just happpened was almost a 50% increase.
EDIT #2 - apparently I am an ACtM investor again with a grand total of 8 shares (thanks to someone on cryptostocks.com for filling some of my low bid amt).

Neither of you seem to understand the complex possibilities of new innovative technology.

There has been a sudden upsurge in fault reports, this is not 'normal'. They are not all firmware related. Posters are saying quality of product has deteriorated since the shipping of order 500+.

So maybe you get the idea now? If you show no interest in what others are telling you because you think you know it all already you just live in your own little bubble of 'I am right'. Well I decided to have a look at the site and found out some facts. You two just spouted something from yesterday that you think will be true tomorrow. The world changes every second of every day, try keeping up.

tick talk...

Yes. Let's not be delusional. Where do you think the +40% difficulty increases are coming from? Our best bet for slowing the TNH% is for companies to outright fail. Meaning: "Sorry guys, we can't afford our chips after all." CoinTerra recently delayed their tapeout, that's the next best thing. HashFast is a joke. Not only are their chips offering a non-competitive (For Q4) 8$/GH, but now they're late. No wonder the icedrill shareholders are looking into a lawsuit (Complimentary: "Always bet on ICE!")! This is the world we currently live in. It's competitive. But some will weather it. ActM COULD be one of them.

Timing is everything. 

Have to say Bargraphics is right again. Its great for a companies reputation to ship pieces of crap that hash like a turd straight out of the box. That won't effect order numbers at all.

I mean its not like anyone will order product based on reputation. I've got an idea, why don't we just send out empty boxes, we can just blame noobs for not being able to hash with the contents.

You guys are too wrapped up in your play world to see the big picture, they released >1.5PH into the wild. It doesn't matter if the mining newbies have issues because they don't know how to access the web panel, install new firmware, plug in loose cables, or otherwise trivial tasks.

I suggest you learn a little bit from this experience, it's better to ship buggy product than delay a month or two while you work the kinks out.

I'll enjoy watching the hashrate from my jupiters. http://eligius.st/~wizkid057/newstats/userstats.php/1FscNBYzd5CqDzUVQ9YapLQNtLbswkM4NL

I'm looking at their thread now, I can see 9 serious problem (no hashing) threads started in the last two days, there could be more but not sure from my phone.

Just found the next page button. Another 17 threads started in the last 48hours reporting big problems. I suggest you take a look Bargraphics rather than laugh it off.

LOL

KnC isn't having major issues, I have 11 Jupiters running flawlessly.

They shipped out over 3,000 Boxes and there's only a handful of people having issues, however they are extremely vocal I'll give them that!

At any rate you are partially correct as our actual competition for November Orders (HashFast) has been delayed to Mid November and possibly more. This is our chance to be 2nd, but based on zero information from Ken I don't expect this to be the case sadly.

The other competition like Cointerra, Hashfast, etc. could also have hardware problems and delays. I really hope we are on schedule since that would be a huge selling point.

Ok, this might be a bit off topic but knc are having some major issues with their hardware. Have a look at their own website support forum.

If these facts can get out people can be warned they are likely to face issues. We might then pick up some more orders.

No chance this is epic. Great stuff.

friggin lol sumzero, I can see him running for his tights draw right now. unbelievable.

I'm sorry sumzero but according to one of the Trolls you will be under US law and the other Troll says your local laws apply? Who's right?!

Lets put it this way. In your good old UK you have the Sale of Goods Act which states your goods must be 'as described'. So if your miner has been run for three weeks or three months being used for its intended purpose then it is clearly not new. You will be able to ask for a replacement, a refund, or compensation. Well if BFL was an EU company or used an EU supplier you would.

But you see in the USA, sorry, the good old US of A money is king. Well big money is king and these rights might not exist? Who knows. Maybe a Troll can stop bickering for a second and help you out here. lol