Topic: [ANN] Fibonacci Info and questions - page 22. (Read 104134 times)

I think everyone will be pleasantly surprised once they see all the caveats related to our work that will be launched as time goes on. This industry has been lacking someone that cares about the coin community for a long time. We want to fix it.

same here we had to leave one window open all the time.

As I pointed out before, our prices may change, but you definitely wont be able to use these to heat your house.

You're not kidding. It has been -10C outside for days and I have yet to turn on my heat. You walk in and it's hot.

They have to protect their development + not offer reverse engineering.
I understand that.

But the argument of powersavings @ hosted mining is correct.

lol I had to respond just because I actually do 

It seems your target market is the people who heard that they can make money from cryptocurrency and are ready to invest some cash in that hope but for some reason do not like noisy, hot and needing support hardware in their house/office. These people obviously have no idea whether they will make any profit, and they will probably not make any profit, but eventually their sacrifice will help build a better (priced) product. Every industry needs scapegoats.

But, again: you are not giving these miners to users to run in their own houses, and power from their own electricity bill. So therefore any talk about how much more power saving these are is moot.

By the way, winter is not really the best time to convince people they are better with less power consuming equipment. Some people here do heat their houses with the GPUs.

Yeah thats what I am told by my devs in other countries. Customs over there is evil.

Meh, I'm 0 for 3 buying hardware from outside of the US/Canada. I have every package mysteriously go missing through customs  

Yes the lead engineer is in Germany so no biggie there. He will likely be doing the testing personally as he is a bit anal also. As for shipping obsolete units, we would need a competitor that is closing in on our speeds and able to keep up on future models for this to happen. To date I do not see any issues.

I too am interested, will there be a point in which you will just be selling units outright, rather than taking preorders before the units go obsolete and you start producing the next model? I'm rather excited to see people prove me wrong about Scrypt Asics, however preorders rub me the wrong way, even from other companies that have proven themselves (KNC, Asicminer, etc)

Also, will all units be shipped from Germany?


Hehe, I also wouldn't be opposed, however I dont think I fit the same criteria as tacotime. I'm a lifelong member, but not a fellow dev.

Even at the planned introductory price I think the Fibonacci miner is good value. Four R9 280X from Newegg would cost $1700, not $1200 and plan on a 1500 W PS at about $300 bringing total cost of the GPU miner to $2250. So for comparable 3 mHz/sec mining rigs over a year:

GPU: cost $2250 plus $876 electricity for one year = $3100 total cost
Fibonacci: $2700 plus $13 electricity for one year = $2713 total cost

Plan on increased A/C bills for the GPU, not included in totals. For many the Fibonacci rig would be preferable due to less heat to deal with. I know it would be for me.

The math in this seems flawed to me. I'm still a bit intrigued cause it's a ASIC.. And my guess is that there are people out there feeling the same way as me, but with money, so they will just throw off some money for this

That's good to hear.
I'll keep an eye out for that.

We will sell it at whatever price is necessary to cover all the company costs to get started. I am hounded daily to sell my entire stock to single companies....I dont think we will have trouble getting the initial units out. Follow up units will likely be cheaper, closer to the pricing you are asking though.

You aren't saving money on electricity when the cost of your product requires multiple years of use to show it's benefit.

Running 6 Mh/s at 2000 watts for 1 year results in 681 LTC at a power cost of $2100.
Running 3 Mh/s at 50 watts for 1 year results in 340 LTC at a power cost of $50

681 ltc @ $19 is about $13,000
340 ltc @ $19 is about $6,500

If we remove power costs and additional startup costs of $500 our 2 PCs earned $10,400 or $4,050 more than your ASICs provide.

In order for your asics to provide any real saving power would need to cost nealy 40 cents a KwH.

Your device needs to sell at around 60 cents per KH/S in order to be attractive from and earning stand point.

Then as I pointed out before, perhaps the people that do not need to save money on electricity would like to be directed to an operation more to their liking. http://alpha-t.net I am sure their products will meet your requirements.

The chances of someone even with the technical know how prefering to run and manage that many PCs will enjoy themselves in the process. They are not our target market anyway.

Side note: all the calculations were based on 0.10$kwh

I think you misread the PC cost.

It's $1600.
or $3200 for 6 Mh/s
Or $500 for an additional 3 Mh/s

In other words even with the 13% lost profits from the additional power requirements 2 PC units would bring in about 40% more profit for a 15% base cost increase.
Not a good buy, and that's before considering non mining resale value.

Welcome


Question, when users going to become their miner, after what time of mining?

Ok lets go down the rabbit hole shall we. Your supposition is that 1600$ is your entire cost for 3mhs. And lets pretend we are making a 3 chip variant (we are not) which would be 0.90$ per khs, so 2700$ for 3mhs. But no resale value.

3mhs from Fibonacci @ 15 watts. (rounding up)                                            
Profit                 BTC      LTC   USD      Power Cost Profit              Difference VS PC. My conclusion is 2700$ vs 3000$ and the daily earning difference is not insignificant.
Per Day   0.0269 BTC   0.9339 LTC   $18.37   $0.04    $18.33                        2.36
Per Week   0.1885 BTC   6.537 LTC   $128.58   $0.25    $128.33                      16.55
Per Month   0.8077 BTC   28.0159 LTC$551.07   $1.08 $549.99                       70.92
Per Year   9.827 BTC   340.8603 LTC$6704.72   $13.14 $6691.58                   862.86

3mhs from a PC @ 1000 watts. (rounding down most likely)
Profit              BTC       LT      USD     Power Cost   Profit
Per Day   0.0269 BTC   0.9339 LTC   $18.37   $2.4   $15.97
Per Week   0.1885 BTC   6.537 LTC   $128.58   $16.8   $111.78
Per Month   0.8077 BTC   28.0159 LTC $551.07   $72   $479.07
Per Year   9.827 BTC   340.8603 LTC $6704.72   $876   $5828.72


Now I have been awake longer than 24 hours, but I think I hit all the points.

The only advantage I see is the immediate discount of resale value on the PC. But the chances of damaging half your hardware after a year of mining is pretty high so you may end up with a loss if lets say 1-2 cards go bad. Meanwhile our device is not overclocked, runs cool, and is designed to run for typically 20 years +. I also did not account for extra cooling you would need for the PCs if you had multiple. Such as an AC, Fans, exhaust, PDU etc.

http://ltc.kattare.com/calc.php Just change the hashrate to 3000 and wattage to whatever you think is realistic.