Topic: [ANN] Fibonacci Info and questions - page 31. (Read 104134 times)
What forms of payment will you be accepting?
Nice work!
Can I mine other scrypt coins with your hardware?
And... How much? Please take my money
Can I mine other scrypt coins with your hardware?
And... How much? Please take my money
It should function with any scrypt based coin.
Are these gonna end up not being profitable? Difficulty will sky rocket
There are so many factors that impact the answer to this question I would not know where to begin.
Are these gonna end up not being profitable? Difficulty will sky rocket
Just get in on the first month and you are all set. ;-)
Nice work!
Can I mine other scrypt coins with your hardware?
And... How much? Please take my money
Can I mine other scrypt coins with your hardware?
And... How much? Please take my money
Are these gonna end up not being profitable? Difficulty will sky rocket
Would you be able to go in depth about the proposed hashing power of the miner? Where can investors become updated when shares are available?
The estimated hash power per ASIC is conservatively estimated at 960kh/s. I will update this and the litecoin thread when shares and hosted mining and other services become available.
Is this attempting to use fibonacci numbers/sequences to mine scrypt more efficiently or is that just a name?
It's just a name, although the sequence is utilized in a few aspects it is not the focus in the current implementation.
interesting..... i will keep one eye out on this 
Is this attempting to use fibonacci numbers/sequences to mine scrypt more efficiently or is that just a name?
Would you be able to go in depth about the proposed hashing power of the miner? Where can investors become updated when shares are available?
https://litecointalk.org/index.php?topic=2702.0 - Main Thread, I do the updates on this page far more often. But occasionally I will hop on this forum to update the thread and answer questions.
The sites shares and sales in a "nutshell":
If you find a bug or have a technical issue non customer service related, please send an email to [email protected]. with your account info and issue. All previous support requests will be cleared first, then this system will be used from now on.
Side Project: https://litecointalk.org/index.php?topic=12567.0 Open Source PCB for all ASICs
Github:
https://github.com/losh11/aura-asic
The main unit we will be selling is affectionately named the Axiom. Proof of work should be complete this week if all the parts we order arrive, we are going to distribute the information as it is completed. This includes the datasheet and any information that would not reveal our methods of completing our IP. Technical questions are welcome on this thread, we will answer the ones we are comfortable with becoming public information.
Current List of Trusted Hosts
Carnth
Hauntingshade
Sy
Bajanboost
Losh11
Charity Hosts:
Sean's Outpost
Cross posting quote from other forum here.
Our goal is to help build up the LTC community. We have several projects rolling at the moment to do this, some of which will launch this week. And in the next few weeks.
Simple answers to common questions
1. Do you plan on taking pre-orders?
A: Originally we had not planned to accept pre-orders as there was no means of exit for the investors. As a result, we have produced an exchange so that users can sell their unwanted orders if they decide they do not feel like waiting. So yes, we will be taking pre-orders on 3/17/14 6PM EST. This will be for the samples that we have been told should be complete in July (This is the estimate we have been given, not a guarantee.)
2. What speeds/hashrate/power/heat/ram size/model/etc will we be using?
A: Recursion miner at ~8 - 11 watts each chip.
3. How will all these questions be answered?
A: Glad you asked! Well we are going to release an instruction manual for LTC ASIC development. There is not much documentation on how this is done, we discovered to our eternal pain and torment, so as our devs produced the code....they did some writing and took notes along the way on relevant items that were never mentioned in the open fpga project.
4. Can I have one free to test?
A: For now, probably not, we are not rich and we have done all the funding for ourselves up to this point. And a mans gotta eat. One cannot live on bbq coins alone. We will release the information needed to modify the miners to be able to use our ASIC if it becomes necessary.
5. SCAMMM!!!???!?!?
A: If you think we are a scam please direct your money we have not asked you for toward any other upstart project currently running. I hear NVC might be worth a look.
6. When will the Production units be sent out?
A: We cannot be sure until a stable speed at our desired target is achieved at a consistent rate and once a viable competitor comes to market.
7. OMG Moderated thread, you must be running a scam.
A: Derailing posts, and users unwilling to read the OP, if you feel like trolling I will usually reply to you anyhow....but when I get tired of idiocracy someone will probably delete your posts, so lets only troll within reason.
8. Scrypt ASIC, Seriously?
A: Yup.
9. How long have you been working on this project?
A: Its been about a 1.5 years.
10. Will you provide a PCB design for the users that purchase just chips once you begin shipping units rather than hosted mining?
A: Yes, it will be available in advance open source with gerbers, support (when we have time), and debugging and updates (when we have time).
11. Will you ship out massive amounts of miners to everyone and ruin the network?
A: Nope, we will initially only sell hosted mining, then once we have viable competition we will begin to ship the units to the public. This will help slow the advancement of companies reverse engineering designs such as ours. Around this time we will likely be done with our gen 2 or 3 chips and have to clear out the hosted units anyway. We are in discussions with trusted members of the community to help stagger in hand hashing power to continue with decentralization of the network.
12. What price will you be charging for your miners?
A: ~0.115$ per kh/s (0.10$ for LTC) is the current pricing we are using as our baseline. This will likely change a bit, but not much. Once sales of ASIC devices begins ( Not FIB.HW/FIB.SITE shares) then you be able to pay in Cachecoin also, which can be found at cachecoin.org. (Cache is temporarily disabled due to a bug in the wallet we are working to fix.)
13. What is the hash rate and power consumption of the chips?
A: Our conservative estimates are 8-11 watts.
14. OMG Your prices are higher than GPUs, SCAM!?
A: How much power does it consume? Heat? We will be tweaking the design so it may change a bit but we created a miner that consumes under 5 watts and is faster than your gpu. Power costs will recoup in the long run vs any gpu. But that just depends on your situation. If that is not enough to make you buy one I recommend not purchasing one.
15. OMG no way thats too expensive!?
A: We will be creating several variant boards, they will range from a single chip to 32 chips (we may create more too) so please keep your jimmies un-rustled.
16. What are the model names for the units?
BTC LTC
A: Prices are based on hash rate per miner.
1. Fibonacci Recursion $400 0.10 x 8650 = $346
2. Fibonacci Axiom $7200 0.10 x 162000 = $6480
3. Fibonacci Epsilon $14000 0.10 x 315000 = $12600
17. Is your asic an Hardcopy or Fastpath based ASIC?
A. No, we spent this past year creating a chip that is a full custom ASIC.
18. Will you be charging for shipping?
A. No, it is included in the price.
19. Will you be charging VAT?
A. In most countries we can simply state no, we have our engineering team in Germany so they can ship directly. And most other countries we will simply absorb the cost.
20. Will you be limiting the amount of chips 1 person can purchase?
A. We successfully limited orders at initial sale so everyone had a chance to buy a miner at reasonable price (Including taking cache at a discounted rate) and now will no longer limit sales.
21. When will you ship?
A. Once we see that we have viable competition on the market. Until that time we will host the miners, or send them to the trusted hosts to handle.
22. How long until we begin receiving dividends?
A. Chip Dividends will be distributed once we begin testing the units, the time period in between us receiving the ASIC and starting hashing should only be about 2 weeks.
XFH dividends will be paid out automatically based on how many shares you purchased and accounting for profits per chip sale.
23. How much rack space is necessary to host the units?
A. 1U will hold between 150MHs - 200 MHs.
24. Will you be matching KNC's Titan in $/khs.
A. Yes, we had already figured in a large margin for just such an occasion. Each miners speeds will be increased to match the $/khs rate.
25. If I have 1 XMH is that the equivalent to 1 recursion?
A. Yes.
Informational Video on Fibonacci Project : http://www.youtube.com/watch?v=jiprgb9Yxds&feature=youtu.be
ASIC DATASHEET: PNG for simple viewing.
For those that want full resolution : http://imgur.com/8ASgVod,GnCan8w,d2NiTX7,u12NGhy,7GlgGs1#0
The sites shares and sales in a "nutshell":
If you find a bug or have a technical issue non customer service related, please send an email to [email protected]. with your account info and issue. All previous support requests will be cleared first, then this system will be used from now on.
Side Project: https://litecointalk.org/index.php?topic=12567.0 Open Source PCB for all ASICs
Github:
https://github.com/losh11/aura-asic
The main unit we will be selling is affectionately named the Axiom. Proof of work should be complete this week if all the parts we order arrive, we are going to distribute the information as it is completed. This includes the datasheet and any information that would not reveal our methods of completing our IP. Technical questions are welcome on this thread, we will answer the ones we are comfortable with becoming public information.
Current List of Trusted Hosts
Carnth
Hauntingshade
Sy
Bajanboost
Losh11
Charity Hosts:
Sean's Outpost
Cross posting quote from other forum here.
Our goal is to help build up the LTC community. We have several projects rolling at the moment to do this, some of which will launch this week. And in the next few weeks.
Simple answers to common questions
1. Do you plan on taking pre-orders?
A: Originally we had not planned to accept pre-orders as there was no means of exit for the investors. As a result, we have produced an exchange so that users can sell their unwanted orders if they decide they do not feel like waiting. So yes, we will be taking pre-orders on 3/17/14 6PM EST. This will be for the samples that we have been told should be complete in July (This is the estimate we have been given, not a guarantee.)
2. What speeds/hashrate/power/heat/ram size/model/etc will we be using?
A: Recursion miner at ~8 - 11 watts each chip.
3. How will all these questions be answered?
A: Glad you asked! Well we are going to release an instruction manual for LTC ASIC development. There is not much documentation on how this is done, we discovered to our eternal pain and torment, so as our devs produced the code....they did some writing and took notes along the way on relevant items that were never mentioned in the open fpga project.
4. Can I have one free to test?
A: For now, probably not, we are not rich and we have done all the funding for ourselves up to this point. And a mans gotta eat. One cannot live on bbq coins alone. We will release the information needed to modify the miners to be able to use our ASIC if it becomes necessary.
5. SCAMMM!!!???!?!?
A: If you think we are a scam please direct your money we have not asked you for toward any other upstart project currently running. I hear NVC might be worth a look.
6. When will the Production units be sent out?
A: We cannot be sure until a stable speed at our desired target is achieved at a consistent rate and once a viable competitor comes to market.
7. OMG Moderated thread, you must be running a scam.
A: Derailing posts, and users unwilling to read the OP, if you feel like trolling I will usually reply to you anyhow....but when I get tired of idiocracy someone will probably delete your posts, so lets only troll within reason.
8. Scrypt ASIC, Seriously?
A: Yup.
9. How long have you been working on this project?
A: Its been about a 1.5 years.
10. Will you provide a PCB design for the users that purchase just chips once you begin shipping units rather than hosted mining?
A: Yes, it will be available in advance open source with gerbers, support (when we have time), and debugging and updates (when we have time).
11. Will you ship out massive amounts of miners to everyone and ruin the network?
A: Nope, we will initially only sell hosted mining, then once we have viable competition we will begin to ship the units to the public. This will help slow the advancement of companies reverse engineering designs such as ours. Around this time we will likely be done with our gen 2 or 3 chips and have to clear out the hosted units anyway. We are in discussions with trusted members of the community to help stagger in hand hashing power to continue with decentralization of the network.
12. What price will you be charging for your miners?
A: ~0.115$ per kh/s (0.10$ for LTC) is the current pricing we are using as our baseline. This will likely change a bit, but not much. Once sales of ASIC devices begins ( Not FIB.HW/FIB.SITE shares) then you be able to pay in Cachecoin also, which can be found at cachecoin.org. (Cache is temporarily disabled due to a bug in the wallet we are working to fix.)
13. What is the hash rate and power consumption of the chips?
A: Our conservative estimates are 8-11 watts.
14. OMG Your prices are higher than GPUs, SCAM!?
A: How much power does it consume? Heat? We will be tweaking the design so it may change a bit but we created a miner that consumes under 5 watts and is faster than your gpu. Power costs will recoup in the long run vs any gpu. But that just depends on your situation. If that is not enough to make you buy one I recommend not purchasing one.
15. OMG no way thats too expensive!?
A: We will be creating several variant boards, they will range from a single chip to 32 chips (we may create more too) so please keep your jimmies un-rustled.
16. What are the model names for the units?
BTC LTC
A: Prices are based on hash rate per miner.
1. Fibonacci Recursion $400 0.10 x 8650 = $346
2. Fibonacci Axiom $7200 0.10 x 162000 = $6480
3. Fibonacci Epsilon $14000 0.10 x 315000 = $12600
17. Is your asic an Hardcopy or Fastpath based ASIC?
A. No, we spent this past year creating a chip that is a full custom ASIC.
18. Will you be charging for shipping?
A. No, it is included in the price.
19. Will you be charging VAT?
A. In most countries we can simply state no, we have our engineering team in Germany so they can ship directly. And most other countries we will simply absorb the cost.
20. Will you be limiting the amount of chips 1 person can purchase?
A. We successfully limited orders at initial sale so everyone had a chance to buy a miner at reasonable price (Including taking cache at a discounted rate) and now will no longer limit sales.
21. When will you ship?
A. Once we see that we have viable competition on the market. Until that time we will host the miners, or send them to the trusted hosts to handle.
22. How long until we begin receiving dividends?
A. Chip Dividends will be distributed once we begin testing the units, the time period in between us receiving the ASIC and starting hashing should only be about 2 weeks.
XFH dividends will be paid out automatically based on how many shares you purchased and accounting for profits per chip sale.
23. How much rack space is necessary to host the units?
A. 1U will hold between 150MHs - 200 MHs.
24. Will you be matching KNC's Titan in $/khs.
A. Yes, we had already figured in a large margin for just such an occasion. Each miners speeds will be increased to match the $/khs rate.
25. If I have 1 XMH is that the equivalent to 1 recursion?
A. Yes.
Informational Video on Fibonacci Project : http://www.youtube.com/watch?v=jiprgb9Yxds&feature=youtu.be
ASIC DATASHEET: PNG for simple viewing.
For those that want full resolution : http://imgur.com/8ASgVod,GnCan8w,d2NiTX7,u12NGhy,7GlgGs1#0
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