[ANN] Fibonacci Info and questions - page 23.

eXme

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Quote from: Wipeout2097 on December 19, 2013, 06:14:45 PM

Quote from: jasinlee on December 19, 2013, 12:37:56 PM

I think it's time to overly simplify everything from the looks of it. So, mining a coin valued at under 1 $ is so close to 0 $ you may as well not mine it at all amirite? And if it's not free, your losing money so we should be bartering amirite? And it takes time to do research and setup rigs that you can spend at a regular job, so we shouldnt waste our time amirite?

I believe I didn't over simplify anything, I went to the point.

Let's even be more direct:

Cost of ~3 Mh/s:
GPUs 4 280x at $1200
PSU: $150
MB + CPU: $150
RAM: $40
Extras (3 risers, 1 usb pen or HD) : $60
Total: $1600
Resale value after mining: 50% = $800

Your cost: $3000
Resale value: 0 ?

Of course it takes time and effort to setup and research GPU rigs. It however takes stomach to fork $1000 per Mh/s.

This isn't Bitcoin ASIC all over again. When promoting and saying that Bitcoin ASICs save power and you'll mine for longer, it was a given that they offered 100x + the speed of a GPU. They offered 2 orders of magnitude better on both power efficiency and speed. Scrypt asics provide the same speed at much higher upfront cost. For some reason that 100x vs 1x is only a minor detail in this discussion!

PSU 150$ for 4x 280x ? please tell me where? for 280x x4 u need atleast 1200 WATT with other parts..

opticalcarrier

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where is the website where we can watch for details? I looked in this and in the litecoin forums thread

Wipeout2097

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SportsIcon - Connect With Your Sports Heroes

Quote from: jasinlee on December 19, 2013, 12:37:56 PM

I think it's time to overly simplify everything from the looks of it. So, mining a coin valued at under 1 $ is so close to 0 $ you may as well not mine it at all amirite? And if it's not free, your losing money so we should be bartering amirite? And it takes time to do research and setup rigs that you can spend at a regular job, so we shouldnt waste our time amirite?

I believe I didn't over simplify anything, I went to the point.

Let's even be more direct:

Cost of ~3 Mh/s:
GPUs 4 280x at $1200
PSU: $150
MB + CPU: $150
RAM: $40
Extras (3 risers, 1 usb pen or HD) : $60
Total: $1600
Resale value after mining: 50% = $800

Your cost: $3000
Resale value: 0 ?

Of course it takes time and effort to setup and research GPU rigs. It however takes stomach to fork $1000 per Mh/s.

This isn't Bitcoin ASIC all over again. When promoting and saying that Bitcoin ASICs save power and you'll mine for longer, it was a given that they offered 100x + the speed of a GPU. They offered 2 orders of magnitude better on both power efficiency and speed. Scrypt asics provide the same speed at much higher upfront cost. For some reason that 100x vs 1x is only a minor detail in this discussion!

soothaa

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Subb'd

jasinlee

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Activity: 742

Merit: 500

Its as easy as 0, 1, 1, 2, 3

Ah! No, I am not the german one on the crew that would be the engineering team. We will be Inc. (Its already in process)

eXme

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Merit: 100

Quote from: jasinlee on December 19, 2013, 04:34:11 PM

That should not be an issue with the various coin switching tools available now. Although my devs tend to be a bit anal and will probably want to rewrite the whole thing.....anyway, yeah we had thought of that, and there will also be a auto trading bot built into the site (still needs some clean up) which is currently in c++ but we will probably change that to another language to integrate with the site better. That will help people to close out positions on alts they dont want to hold. But some of these features wont be available at launch, they are just pipeline items for the site once we complete the more important parts. What is AG? That is not an abbreviation I know off the top of my head.

O sry i tho u can speak ger hehe, AG = Aktiengesellschaft, in UK its LTD./PLC

jasinlee

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Activity: 742

Merit: 500

Its as easy as 0, 1, 1, 2, 3

That should not be an issue with the various coin switching tools available now. Although my devs tend to be a bit anal and will probably want to rewrite the whole thing.....anyway, yeah we had thought of that, and there will also be a auto trading bot built into the site (still needs some clean up) which is currently in c++ but we will probably change that to another language to integrate with the site better. That will help people to close out positions on alts they dont want to hold. But some of these features wont be available at launch, they are just pipeline items for the site once we complete the more important parts. What is AG? That is not an abbreviation I know off the top of my head.

eXme

full member

Activity: 241

Merit: 100

Quote from: jasinlee on December 19, 2013, 04:20:13 PM

Quote from: eXme on December 19, 2013, 04:16:02 PM

Quote from: jasinlee on December 19, 2013, 04:10:30 PM

Quote from: eXme on December 19, 2013, 04:09:24 PM

Quote from: jasinlee on December 19, 2013, 02:41:26 PM

Quote from: FiatKiller on December 19, 2013, 02:18:17 PM

Also, don't forget the killing these will do on new alts... 100K of them? Nooo problem!

Well, maybe just killing ones like doge. Cheesy

What type of payments are you going to accept?

We are promoting adoption of crypto, it would be hypocritical to accept anything else in our opinion.

Yea, so LTC. Btw which exchange site?

We are working on finishing up the site now....its our own exchange site Cheesy

Direct shares
Web Wallet
Pool
Coin Mixing
No hot wallet

i see awsome, i had such idea too, like universal market where u can get everything u want °° but not enough resources to make it true =) make own coin hehe.. btw i want to make request for one function, with one miner to mine on random coins, for example 10mhps at all, you set 3mhps for litecoin and 7mhps for other crap coin.. that would be awsome.. since some coins cost more $ then ltc sometimes.. btw planing AG?

jasinlee

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Activity: 742

Merit: 500

Its as easy as 0, 1, 1, 2, 3

Quote from: eXme on December 19, 2013, 04:16:02 PM

Quote from: jasinlee on December 19, 2013, 04:10:30 PM

Quote from: eXme on December 19, 2013, 04:09:24 PM

Quote from: jasinlee on December 19, 2013, 02:41:26 PM

Quote from: FiatKiller on December 19, 2013, 02:18:17 PM

Also, don't forget the killing these will do on new alts... 100K of them? Nooo problem!

Well, maybe just killing ones like doge. Cheesy

What type of payments are you going to accept?

We are promoting adoption of crypto, it would be hypocritical to accept anything else in our opinion.

Yea, so LTC. Btw which exchange site?

We are working on finishing up the site now....its our own exchange site Cheesy

Direct shares
Web Wallet
Pool
Coin Mixing
No hot wallet

eXme

full member

Activity: 241

Merit: 100

Quote from: jasinlee on December 19, 2013, 04:10:30 PM

Quote from: eXme on December 19, 2013, 04:09:24 PM

Quote from: jasinlee on December 19, 2013, 02:41:26 PM

Quote from: FiatKiller on December 19, 2013, 02:18:17 PM

Also, don't forget the killing these will do on new alts... 100K of them? Nooo problem!

Well, maybe just killing ones like doge. Cheesy

What type of payments are you going to accept?

We are promoting adoption of crypto, it would be hypocritical to accept anything else in our opinion.

Yea, so LTC. Btw which exchange site?

jasinlee

hero member

Activity: 742

Merit: 500

Its as easy as 0, 1, 1, 2, 3

Quote from: eXme on December 19, 2013, 04:09:24 PM

Quote from: jasinlee on December 19, 2013, 02:41:26 PM

Quote from: FiatKiller on December 19, 2013, 02:18:17 PM

Also, don't forget the killing these will do on new alts... 100K of them? Nooo problem!

Well, maybe just killing ones like doge. Cheesy

What type of payments are you going to accept?

We are promoting adoption of crypto, it would be hypocritical to accept anything else in our opinion.

eXme

full member

Activity: 241

Merit: 100

Quote from: jasinlee on December 19, 2013, 02:41:26 PM

Quote from: FiatKiller on December 19, 2013, 02:18:17 PM

Also, don't forget the killing these will do on new alts... 100K of them? Nooo problem!

Well, maybe just killing ones like doge. Cheesy

What type of payments are you going to accept?

note235

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Merit: 100

very very nice!

FiatKiller

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At one point, my 100K GLD were worth $13K. Not bad for a few days of mining... ;-)

jasinlee

hero member

Activity: 742

Merit: 500

Its as easy as 0, 1, 1, 2, 3

Quote from: FiatKiller on December 19, 2013, 02:18:17 PM

Also, don't forget the killing these will do on new alts... 100K of them? Nooo problem!

Well, maybe just killing ones like doge. Cheesy

note235

full member

Activity: 193

Merit: 100

definitely in if its true

FiatKiller

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Activity: 378

Merit: 250

Also, don't forget the killing these will do on new alts... 100K of them? Nooo problem!

jasinlee

hero member

Activity: 742

Merit: 500

Its as easy as 0, 1, 1, 2, 3

Quote from: Tomatocage on December 19, 2013, 01:56:13 PM

Quote from: jasinlee on December 19, 2013, 01:50:11 PM

We are stating 960kh/s as the numbers are estimates. That is per chip.

If we sell chips that run at 1120kh/s as the datasheet has them listed. 1120*32=35840 This is referencing one of the PCB variants we are preparing.

Ah, ok I see. How many chips are there per ASIC unit?

Clarify: I meant are they being built with a maxed out PCB, or will there be lower priced options that might have lower chip population?

Oh nvm, I see you added to the FAQ

Thanks!

The amount we slip onto a pcb (the max we will put per pcb) will likely be the 32 chip variant. Anything beyond that and we will need to move into better cooling options than the planned ones.

The planned ones are 1, 4, 16, 32.

Tomatocage

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brb keeping up with the Kardashians

Quote from: jasinlee on December 19, 2013, 01:50:11 PM

We are stating 960kh/s as the numbers are estimates. That is per chip.

If we sell chips that run at 1120kh/s as the datasheet has them listed. 1120*32=35840 This is referencing one of the PCB variants we are preparing.

Ah, ok I see. How many chips are there per ASIC unit?

Clarify: I meant are they being built with a maxed out PCB, or will there be lower priced options that might have lower chip population?

Oh nvm, I see you added to the FAQ

Thanks!

jasinlee

hero member

Activity: 742

Merit: 500

Its as easy as 0, 1, 1, 2, 3

Quote from: Tomatocage on December 19, 2013, 01:39:23 PM

I'm confused. Will your final product do 1120 KH/s, or 36 MH/s?

We are stating 960kh/s as the numbers are estimates. That is per chip.

If we sell chips that run at 1120kh/s as the datasheet has them listed. 1120*32=35840 This is referencing one of the PCB variants we are preparing.

Topic: [ANN] Fibonacci Info and questions - page 23. (Read 104134 times)