[ANN] Spondoolies-Tech - carrier grade, data center ready mining rigs - page 144.

takagari

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Quote from: Bicknellski on February 24, 2015, 12:17:56 AM

Quote from: takagari on February 23, 2015, 11:59:09 PM

Quote from: Guy Corem on February 23, 2015, 11:55:33 PM

Quote from: s1gs3gv on February 23, 2015, 10:24:48 PM

...
And as mining gear becomes cheaper to manufacture and operate, bitcoin prices will continue to fall.
...

Care to explain ?

I fail to see how lower $/GHs (and J/GH) affects the Bitcoin price.

I do agree that miners causes a downward pressure on the price to pay electricity bills.

cheaper hardware doesnt mean lower btc, just more hardware lol

Higher difficulty.

It's a balancing act.

Cheaper hw, higher difficulty, means same hw amount, it will balance, and price is only tied to hardware for so long.

Bicknellski

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Quote from: takagari on February 23, 2015, 11:59:09 PM

Quote from: Guy Corem on February 23, 2015, 11:55:33 PM

Quote from: s1gs3gv on February 23, 2015, 10:24:48 PM

...
And as mining gear becomes cheaper to manufacture and operate, bitcoin prices will continue to fall.
...

Care to explain ?

I fail to see how lower $/GHs (and J/GH) affects the Bitcoin price.

I do agree that miners causes a downward pressure on the price to pay electricity bills.

cheaper hardware doesnt mean lower btc, just more hardware lol

Higher difficulty.

takagari

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Activity: 1050

Merit: 1000

Quote from: Guy Corem on February 23, 2015, 11:55:33 PM

Quote from: s1gs3gv on February 23, 2015, 10:24:48 PM

...
And as mining gear becomes cheaper to manufacture and operate, bitcoin prices will continue to fall.
...

Care to explain ?

I fail to see how lower $/GHs (and J/GH) affects the Bitcoin price.

I do agree that miners causes a downward pressure on the price to pay electricity bills.

cheaper hardware doesnt mean lower btc, just more hardware lol

Guy Corem

donator

Activity: 1414

Merit: 1051

Spondoolies, Beam & DAGlabs

Quote from: s1gs3gv on February 23, 2015, 10:24:48 PM

...
And as mining gear becomes cheaper to manufacture and operate, bitcoin prices will continue to fall.
...

Care to explain ?

I fail to see how lower $/GHs (and J/GH) affects the Bitcoin price.

I do agree that miners causes a downward pressure on the price to pay electricity bills.

Altcoin4life

hero member

Activity: 560

Merit: 500

Assuming electric costs me 10 cents per kw/h is it faster roi to use your 15 t/h genesis cloud mining option or buy 3 sp31's.

s1gs3gv

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ex uno plures

Quote from: samsonn25 on February 23, 2015, 09:58:58 PM

Quote from: s1gs3gv on February 23, 2015, 08:34:34 PM

In a free market the price of bitcoin trends towards the cost of producing it.

This is correct, lets take the hashrate and figure the electricity to generate it, and it will be hundreds of dollars, and including r and d, and manufacture of machines

And as mining gear becomes cheaper to manufacture and operate, bitcoin prices will continue to fall. Its a losing game except for those brief moments when there are temporary advantages to be had by, for example, being the first to adopt more efficient manufacturing (mining) technology.

Mining has become what an economist would consider analogous to a 'utility business' like power, gas and water. Cost + 2%

samsonn25

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Quote from: s1gs3gv on February 23, 2015, 08:34:34 PM

In a free market the price of bitcoin trends towards the cost of producing it.

This is correct, lets take the hashrate and figure the electricity to generate it, and it will be hundreds of dollars, and including r and d, and manufacture of machines

s1gs3gv

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Activity: 1316

Merit: 1014

ex uno plures

Quote from: Biodom on February 23, 2015, 09:17:05 PM

Quote from: s1gs3gv on February 23, 2015, 08:34:34 PM

In a free market the price of bitcoin trends towards the cost of producing it.

Taking your example to extreme, dollar is only worth its production cost of few a cents, but it is clearly not.

The dollar is not produced in a free market. There is a monopoly producer who feels free to print it at will and set interest rates to suit economic policy.

[edit] and it remains to be seen whether ultimately the dollar is worth more than the paper it is printed on

Epoch

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Quote from: Guy Corem on February 23, 2015, 08:51:48 AM

Quote from: Epoch on February 22, 2015, 09:22:36 PM

Spondoolies, can you provide an approximate power versus hashrate graph (or table) for the SP35? This will help in optimizing net profit for these units based on local electricity rates.

Appreciated, thank you.

sololoop

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Quote from: Guy Corem on February 23, 2015, 12:47:06 AM

Quote from: OgNasty on February 23, 2015, 12:45:10 AM

Quote from: Guy Corem on February 23, 2015, 12:29:28 AM

We'll sell to anyone interested in buying our equipment. I believe that our initial form factor won't be suitable for non bulk buyers.
90%-95% of our revenues came from bulk purchases, this is why we're targeting the initial form factor towards bulk buyers.

Will you still make them available for non bulk buyers?

Probably yes.

glad to see it may available for non bulk buyers.
220v 300A still available in my home, it may allow 3 SP100 miner.
However, what is requirement to power up SP100 ?
single 16KW 73A unit (220V)?
3x 25A units?
or similar to SP35, come with several server psu (1500w) ?
We may need hire an electrician to re-allocate electrical circuit for the new monster.

samsonn25

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Merit: 1003

Quote from: dmeter on February 23, 2015, 08:27:21 PM

Quote from: samsonn25 on February 23, 2015, 05:37:21 PM

Quote from: dmeter on February 23, 2015, 05:22:35 PM

Quote from: samsonn25 on February 23, 2015, 03:31:33 PM

16nm overrated. Bitfury is still squeezing out under .3 efficiency at 28nm

But by next year diff will be 100-120 billion

16 nm is not overrated,this is the laws of physics

It does and samsung is proving it.

What i meant is it will work for the big boys eventually and with mass production but not so much with asics, its costly and time consuming and i dont think it will be here by next block halving which is what everyone is pushing for right now. By then with the difficulty i can only see a few big players left, maybe even only 1 or 2.

ASIC is just a general term for a microchip. CPUs-GPU are technically ASICs, but much simpler devices can be implemented on an ASIC too like bitcoin sha-256 ASIC chip.
Also all world electronic industry must go to 20-16-14-11-7 and lower nm proces or closing FAB and growing chicken in high-tech factory.also released from work couple 100-milion labor force and couple 100- milon people from service,shop,bank and closing high school for engineer . one server processor ease can work 100 year and more.without stop.Also rugged server board ease everybody can repair.

WOLFBLOOD XE ASIC and AMD 0.19 Watts per GH/s i must contact Coinbau

Yes, but Wolf xe still needs more funding to pay foundries for tapeout, ALSO and they are at only 28nm

Biodom

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Quote from: s1gs3gv on February 23, 2015, 08:34:34 PM

In a free market the price of bitcoin trends towards the cost of producing it.

That is only true (to an extent) if bitcoin is a true commodity, but it is clearly not ONLY a commodity.
Bitcoin is a programmable token, and you can attach services to it.

Taking your example to extreme, dollar is only worth its production cost of a few cents, but it is clearly not.

s1gs3gv

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ex uno plures

In a free market the price of bitcoin trends towards the cost of producing it.

dmeter

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Quote from: samsonn25 on February 23, 2015, 05:37:21 PM

Quote from: dmeter on February 23, 2015, 05:22:35 PM

Quote from: samsonn25 on February 23, 2015, 03:31:33 PM

16nm overrated. Bitfury is still squeezing out under .3 efficiency at 28nm

But by next year diff will be 100-120 billion

16 nm is not overrated,this is the laws of physics

It does and samsung is proving it.

What i meant is it will work for the big boys eventually and with mass production but not so much with asics, its costly and time consuming and i dont think it will be here by next block halving which is what everyone is pushing for right now. By then with the difficulty i can only see a few big players left, maybe even only 1 or 2.

ASIC is just a general term for a microchip. CPUs-GPU are technically ASICs, but much simpler devices can be implemented on an ASIC too like bitcoin sha-256 ASIC chip.
Also all world electronic industry must go to 20-16-14-11-7 and lower nm proces or closing FAB and growing chicken in high-tech factory.also released from work couple 100-milion labor force and couple 100- milon people from service,shop,bank and closing high school for engineer . one server processor ease can work 100 year and more.without stop.Also rugged server board ease everybody can repair.

WOLFBLOOD XE ASIC and AMD 0.19 Watts per GH/s i must contact Coinbau

adaseb

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Activity: 3808

Merit: 1723

Honestly unless the price of bitcoin goes substantially higher in the near future. There will be no industrial sales at all.

Reason being is that a about a year ago. You could buy a $10,000 miner, get ROI after 5 months and make a few thousands afterwards with that miner. So for industry reasons buying 50-250 miners at a time was well worth it. Especially in many underdeveloped nations where electricity and labor was cheap.

Now miners are slightly little more efficient as before, but difficulty keeps increasing, and yet price fails to increase.

The same industries are not going to pay $1000 for a miner, which will get ROI after 5 months or so just to make a few hundred dollars profit per miner.

There is a big difference in, buying a $10,000 miner, and making $5,000 with that miner after a year or use THEN buying a $1,000 miner and making $500.

Buying 10 times as much miners isn't an option because it takes up more space and uses much more power and heat.

This is just my humble opinion. Who knows what the future will bring.

philipma1957

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Activity: 4354

Merit: 9201

'The right to privacy matters'

Quote from: xstr8guy on February 23, 2015, 07:41:47 PM

I'm seeing a lot of denial in this thread... home miners desperately clinging to hope.

I will trim down to 1 avalon 4.1 use it as a space heater.

My max winter watt is 6500 maybe 7500 my max summer is 2000.

There will be no place for me.

Bicknellski

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Activity: 924

Merit: 1000

Quote from: RoadStress on February 23, 2015, 03:45:41 PM

Quote from: Bicknellski on February 23, 2015, 12:36:39 AM

Group Buy.

Problem Solved.

If I arrange one will you be the first? Grin

Nope not keen on a single unit... not sure I am keen on financials of any type of mining at this point given the massive amounts of mining still being added to the network as well as the price drop. Also not keen on seen the "wealthiest" Bitcoin holders getting together to "talk" about the future of Bitcoin. I think that doesn't bode well for consumers and users of the coin. Plenty of other better investments out there besides mining.

xstr8guy

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Activity: 784

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Glow Stick Dance!

I'm seeing a lot of denial in this thread... home miners desperately clinging to hope.

samsonn25

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Activity: 882

Merit: 1003

Quote from: dmeter on February 23, 2015, 05:22:35 PM

Quote from: samsonn25 on February 23, 2015, 03:31:33 PM

16nm overrated. Bitfury is still squeezing out under .3 efficiency at 28nm

But by next year diff will be 100-120 billion

16 nm is not overrated,this is the laws of physics

It does and samsung is proving it.

What i meant is it will work for the big boys eventually and with mass production but not so much with asics, its costly and time consuming and i dont think it will be here by next block halving which is what everyone is pushing for right now. By then with the difficulty i can only see a few big players left, maybe even only 1 or 2.

dmeter

hero member

Activity: 630

Merit: 500

Quote from: samsonn25 on February 23, 2015, 03:31:33 PM

16nm overrated. Bitfury is still squeezing out under .3 efficiency at 28nm

But by next year diff will be 100-120 billion

16 nm is not overrated,this is the laws of physics

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