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Topic: ASIC where are they? (Read 8529 times)

legendary
Activity: 952
Merit: 1000
December 13, 2012, 06:26:41 PM
#69
Which of the ASIC manufacturers has a stand-alone solution? e.g. plug into Internet and forget? the one without PC needed to be turned on all the time?
That would be Avalon. The Avalon will most likely use more power than the others, but will supposedly include an ethernet port to directly connect to the internet, and mine away. No host PC required.
member
Activity: 86
Merit: 10
December 13, 2012, 06:03:29 PM
#68
Which of the ASIC manufacturers has a stand-alone solution? e.g. plug into Internet and forget? the one without PC needed to be turned on all the time?
mrb
legendary
Activity: 1512
Merit: 1028
December 13, 2012, 03:25:15 PM
#67
You people haven't even seen a prototype, have seen constant delays with unrealistic timelines, no proof at all that there even is an order at a foundry, and you still fall for these obvious scams every single time.

Oh yeah? Then put your money where your mouth is by betting against "BFL ASIC is real".

Right now there are only 50.55 BTC on your side, and it will probably stay here, because you are probably too insecure about your own claims...

That bigger idiocy, who does not like the speculation hardware manufacturers does not like the speculation of a bet. And who likes to speculate and make money buying hardware advance also likes to bet on either side of your bet will be okay ...

Let TheBible reply. According to him, betting would not be speculation as BFL is "obviously a scam". This applies to tvbcof as well.

I expect both of them to stay quiet and come up with some excuse for not betting, even so it would be an "oh-so-obvious" win for them....
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
December 13, 2012, 02:57:45 PM
#66
@OP, They aren't coming until next Christmas!  Cheesy
legendary
Activity: 1973
Merit: 1007
December 13, 2012, 01:54:43 PM
#65
Ok, it's a scheme and a scam...
it's a scheme if they used the pre-order's money to profit from it while investing in the required machinery to produce something they are yet to have working. It's a scam because they have failed to deliver in the times they specified making the product less valuable every day (difficulty increasing, halving, etc)
Yes, by the time they release a single jalapeño, the $150 jalapeño's ROI will be 6 months or more like I read somewhere here...
that is IF they ever deliver one...
lots of dreamers our there...
And I'm amazed of the imagination that some people have. Thinking some big rich guy is behind all this to secure the network releasing ASICS or crazy theories like that...
This is not the humane society, this is a business, like the stock market, I know there are anarchists out there, but I doubt there's one with the amount of money required to support such theory.

I'm a dreamer and I do not believe ASICs are a scam.  But the releasing of them to secure the network doesn't make a great lot of sense.  It's been brought up, why would they sell these processors so cheap given the current MH/$ of FPGAs.  Given what we pay for an FPGA if it was a direct conversion we'd be paying $3,500 per Jalapeño.  It's hard to say how or why.
Because they will be cheaper and easier to make. No one is going to pay 3500 for a jalepeno when there are 100,000 jalepeno chips on the market.
aTg
legendary
Activity: 1358
Merit: 1000
December 13, 2012, 01:50:13 PM
#64
You people haven't even seen a prototype, have seen constant delays with unrealistic timelines, no proof at all that there even is an order at a foundry, and you still fall for these obvious scams every single time.

Oh yeah? Then put your money where your mouth is by betting against "BFL ASIC is real".

Right now there are only 50.55 BTC on your side, and it will probably stay here, because you are probably too insecure about your own claims...

That bigger idiocy, who does not like the speculation hardware manufacturers does not like the speculation of a bet. And who likes to speculate and make money buying hardware advance also likes to bet on either side of your bet will be okay ...
mrb
legendary
Activity: 1512
Merit: 1028
December 12, 2012, 07:38:46 PM
#63
You people haven't even seen a prototype, have seen constant delays with unrealistic timelines, no proof at all that there even is an order at a foundry, and you still fall for these obvious scams every single time.

Oh yeah? Then put your money where your mouth is by betting against "BFL ASIC is real".

Right now there are only 50.55 BTC on your side, and it will probably stay here, because you are probably too insecure about your own claims...
legendary
Activity: 4690
Merit: 1276
December 11, 2012, 12:55:30 PM
#62
What is this ROI you keep speaking of in terms of days/weeks/months?

The ROI I'm familiar with is usually expressed in terms of APY or similar.

http://www.investopedia.com/terms/r/returnoninvestment.asp

nothing in the bitcoin world is measured in years....

...except perhaps the amount of time that mining gear scammers vendors hold on to idiot's customer's ASIC pre-order funds.  In fairness, though, 'hold on to' is probably an inaccurate term.  I suspect it would be deployed towards hookers and blow pretty rapidly, and I bet a lot of it has been already.

It was not very long ago that one could buy a day's production of Bitcoin for $10k.  Now you'd have to actually obtain some ASIC gear and hit every block for a day to achieve the same end result.  Good luck with that since even if people end up with ASIC gear, a lot of other people will have it also at about the same time.

Oh, but this means thinking in years.  And some forward planning.  And balls of steel.  Sorry about that.

bce
sr. member
Activity: 756
Merit: 250
December 11, 2012, 10:37:43 AM
#61
You people haven't even seen a prototype, have seen constant delays with unrealistic timelines, no proof at all that there even is an order at a foundry, and you still fall for these obvious scams every single time.

Yeah, you people  Angry.  How many times?  Too many to count, and it's making me just mad.
full member
Activity: 125
Merit: 100
December 11, 2012, 06:37:19 AM
#60
You people haven't even seen a prototype, have seen constant delays with unrealistic timelines, no proof at all that there even is an order at a foundry, and you still fall for these obvious scams every single time.
bce
sr. member
Activity: 756
Merit: 250
December 08, 2012, 01:24:23 AM
#59
.... And I'm amazed of the imagination that some people have. Thinking some big rich guy is behind all this to secure the network releasing ASICS or crazy theories like that...
This is not the humane society, this is a business, like the stock market, I know there are anarchists out there, but I doubt there's one with the amount of money required to support such theory.

People have already accepted that BTC has value.  If someone had a shit ton of BTC, they'd invest in making sure the network is secure, right?  It'd have nothing to do with taking care of stray dogs.  Now I've got that Sarah McLachlan song in my head - Thanks, deathcode.
legendary
Activity: 1876
Merit: 1000
December 07, 2012, 10:52:49 PM
#58
What is this ROI you keep speaking of in terms of days/weeks/months?

The ROI I'm familiar with is usually expressed in terms of APY or similar.

http://www.investopedia.com/terms/r/returnoninvestment.asp

nothing in the bitcoin world is measured in years....

In bitcoin everything is mesured in 4 to 6 weeks......
 Or by the end of "insert month here" ....

Just to make it clear...  ROI as a function of bitcoin, usually mean time to breakeven. (When do I get my Investment Returned). maybe we should call it IR
hero member
Activity: 784
Merit: 500
December 07, 2012, 08:27:23 PM
#57
What is this ROI you keep speaking of in terms of days/weeks/months?

The ROI I'm familiar with is usually expressed in terms of APY or similar.

http://www.investopedia.com/terms/r/returnoninvestment.asp

nothing in the bitcoin world is measured in years....

In bitcoin everything is mesured in 4 to 6 weeks......
 Or by the end of "insert month here" ....
member
Activity: 66
Merit: 10
December 07, 2012, 08:08:55 PM
#56
Ok, it's a scheme and a scam...
it's a scheme if they used the pre-order's money to profit from it while investing in the required machinery to produce something they are yet to have working. It's a scam because they have failed to deliver in the times they specified making the product less valuable every day (difficulty increasing, halving, etc)
Yes, by the time they release a single jalapeño, the $150 jalapeño's ROI will be 6 months or more like I read somewhere here...
that is IF they ever deliver one...
lots of dreamers our there...
And I'm amazed of the imagination that some people have. Thinking some big rich guy is behind all this to secure the network releasing ASICS or crazy theories like that...
This is not the humane society, this is a business, like the stock market, I know there are anarchists out there, but I doubt there's one with the amount of money required to support such theory.

I'm a dreamer and I do not believe ASICs are a scam.  But the releasing of them to secure the network doesn't make a great lot of sense.  It's been brought up, why would they sell these processors so cheap given the current MH/$ of FPGAs.  Given what we pay for an FPGA if it was a direct conversion we'd be paying $3,500 per Jalapeño.  It's hard to say how or why.
legendary
Activity: 1876
Merit: 1000
December 07, 2012, 05:16:49 PM
#55
What is this ROI you keep speaking of in terms of days/weeks/months?

The ROI I'm familiar with is usually expressed in terms of APY or similar.

http://www.investopedia.com/terms/r/returnoninvestment.asp

nothing in the bitcoin world is measured in years....
hero member
Activity: 602
Merit: 500
December 07, 2012, 04:40:12 PM
#54
What is this ROI you keep speaking of in terms of days/weeks/months?

The ROI I'm familiar with is usually expressed in terms of APY or similar.

http://www.investopedia.com/terms/r/returnoninvestment.asp

Sup. Text.

Quote
Keep in mind that the calculation for return on investment and, therefore the definition, can be modified to suit the situation -it all depends on what you include as returns and costs. The definition of the term in the broadest sense just attempts to measure the profitability of an investment and, as such, there is no one "right" calculation.

most people on these forums mean break even when they say roi, if that helps
legendary
Activity: 966
Merit: 1000
December 07, 2012, 04:32:15 PM
#53
What is this ROI you keep speaking of in terms of days/weeks/months?

The ROI I'm familiar with is usually expressed in terms of APY or similar.

http://www.investopedia.com/terms/r/returnoninvestment.asp
bce
sr. member
Activity: 756
Merit: 250
December 07, 2012, 03:54:19 AM
#52
It could also be that there is bitcoin-rich financial backer behind an ASIC producer, who is backing development in order to increase the security of the bitcoin network by widely distributing ASICs which will harden the network against attack.  Since the network security is increased by selling these ASICs around the world, the BTC value will go up, more orders will come in at current ASIC sale prices, and the company will sell enough to make up for development costs.  At worse, it's a scheme -  but a scam?  Probably not... unless you count the pre-orders placed in June 2012 @ $6 per BTC through a payment processor, and the possible rise in BTC value Tongue  *removes tin-foil hat*
member
Activity: 66
Merit: 10
December 06, 2012, 05:12:56 PM
#51
Maybe they considered it in another direction.  Sell thousands of devices to greatly increase difficulty hence making all miners have to purchase ASICs to do any worthwhile mining and making the demand skyrocket.  Be the first and only supplier and crush your competition.  Then raise prices and profit.
legendary
Activity: 1876
Merit: 1000
December 06, 2012, 01:41:21 PM
#50
Within one month... expect another excuse! Smiley

I meant within a month of asics in the wild, diff will rise to the point that ROI will rise to historical avgs.
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