Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1189. (Read 3917543 times)

I'd run naked for some of these babies

Please put me on any list of buyers for this one and contact me when is available. Or if I have to sign the waiting list for it, please tell me where.

Chips as in individual chips. They'll sell miners like the USB one, in a usable form (not just the chips) for a nicer markup.

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Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
Today at 01:07:28 PM
   
Reply with quote  #3301
Quote from: ursa on April 12, 2013, 04:46:09 PM
Friedcat,
Do you sell bare ASICS and provide the necessary files for DIY? ( for a large order....>$100K)

I asked friedcat already and he said Asicminer wont do this because it wouldnt make sense. Asicminer can create full miners very cheap, thats their advantage. So selling the chips alone wont happen.

The only company that will chips in quantities >10000 is avalon and they now create documentary for the Asics."

So it seems liked Asicminer not going to sell the chips?

Hopefully they will add a secondary power input for the greedy among us   
They could do the dual usb piggy back trick that some of the usb hdd's use.

I believe those one chip USB devices are limited to 300 MH/s due to standard USB-port power limitations (maybe).

As per page one of this thread a board with 36 chips would hash approx. 14.112 GH/s.

I asked friedcat already and he said Asicminer wont do this because it wouldnt make sense. Asicminer can create full miners very cheap, thats their advantage. So selling the chips alone wont happen.

The only company that will chips in quantities >10000 is avalon and they now create documentary for the Asics.


Yes, i know. But a big miner with 36 chips on it would have 10.8GH/s and use 90Watt. A price of 36BTC (1BTC=$100) would mean that the miner paid for itself in 54 days. I dont think that will happen when such miner is auctioned. Check the avalon-auctions on ebay... the prices are high for money machines if auctioned. And Asicminer will send out the machine in days. Its not preselling.
Thats the reason i believe that 36BTC will only be a fraction of the endprice of a auction.

The small miners... if one would pay 3BTC for it he could get the investment back in 174 days. I think its not far fetched to get such or even higher prices.


Asicminer doesnt have to proof that its real because they already proofed that. They have running asics. When you check at BTC Guild then its the biggest miner there. They paid out many bitcoins since. I dont see how it could be a scam.


I believe your right. The prices for such small device will be high. Because way more people can afford the smaller price because its only 300MH/s and because its simply a sweat nice thing to have. Maybe some day it gets value in its own because only some units exist... *lol* With that ill say that someone will pay more than it will be worth, only to have it.
For creating a high performance miner it wont be so good of course.

Maybe it would be best to auction some of these and some bigger miners. Im not sure if its less cost/work to put one chip into such small device or if its more effective to put 36 chips into one device. The last option has the disadvantage that the price per miner will be so high that less can afford it and bid on it. But at 10.8GH/s (36 chips) that problem is rather small.


Its not such a big problem because miners sold by asicminer will be auctioned. That means they will get a maximum price. So its not that bad if you get the income from mining for maybe 9 months in one auction. Its not such a bad thing then anymore.

But the monthly dividents from the 67 TH/s will be lower because all those sticks will increase the difficulty

Maybe the best thing would be selling those sticks with an integrated miner mining 50% for the customer, and 50% for ASICMINER.
This way te price of the stick can be lower AND ASICMINER will profit double from it

Are the bare ASICS or the USBMINERS going out in the wild or not?

Just keep in mind that those are the standards rates we are used to for unit loads on high powered devices but by no means a hard limit (although I've fried my share of USB cabling in the name of hobby experimentation).  Thanks to the advent of "charging ports", more power can be pumped into both 2.0 and 3.0 ports (although adoption didn't really take off until 3.0).  Besides standalone wallwarts (i.e. I have a USB 2.0 microUSB port on my Pi, however I am feeding it 5v@1A to give myself room for overlocking as well as to feed the built-in USB ports) and the commonly seen iPad charger (which I believe draws 2.1A which is equal to 10 watts), most modern motherboards will have 1 USB 3.0 port dedicated to power deliver (often marked as PD, or D+/D-) which actually has a limit of 100w at 20v (blame Kano for getting me more into USB power management and communication).

I think we can all agree that a farm of these units wouldn't be the best idea (although it'd be great to be able to have a few to hash away on work/library/friend's computer, esp. if a no-fuss setup could be created) and personally I think these units could be sold for ~$20 USD (non-wholesale) and be profitable for everyone involved (this is a very rough estimate, but given the current difficulty rate, cost of bitcoin, average cost of electricity - which is the major advantage here - assuming the unit is sold at 20$ + 5$ s/h, you could make your money back within a couple a weeks but even heavily padding that, lets say a month).  Of course the focus is more likely on getting the second unit online than pumping out these little guys, but it seems likely that we'll see an option for user-end/consumer products being offered before the year is out... which is great because the ASIC market really needs more serious players.


I think heat displacement might become an issue, although I don't have all of the technical details.  It would be great to have a 30GH/sec card that you could just slide into a PCI-e 1x slot (lol you could build your own Avalon with 2 cards and still have a working PC to boot =p). 100x130nm chips would take up very little real estate, but if the USB example picture show only has one chip yet needs such a large heatsink, it makes you wonder.


While I have great faith in Bitcoin as a very real long-standing currency, the market is wildly in flux at the moment.  I think most people want to avoid the issue that was presented by paying for BFL ASIC hardware in Bitcoins (while BFL didn't make out like bandits since all bitcoins received were immediately exchanged into USD, anyone who attempts to obtain a refund at this point no doubt feels unlucky to say the least).  Of course if the Asicminer team doesn't take pre-orders, but actually has stock which they can immediately fulfill (or say "Currently Out of Stock") then the issue is moot.

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ASICMINER has to pay it's Suppliers and employees in FIAT. So there is an extra step involved anyway.

I sure hope that those devices will be BTC only.

If customers want to pay with USD or EUR or whatever they can bring the influx of FIAT to BTC. ASICMINER would have no
advantage if they take the extra step (and fees + risk).
And the outcome is the same for the Network.

Just on thought.

Does Asicminer plan to accept $, € or other fiat currencies for the devices or are you going to accept Bitcoin only?

Because if you plan to accept Fiat Currencies, that would be awesome. As you have to pay your shareholders in BTC that would mean that you would be the first real would Company that transfers earnings into BTC and that would mean a constant money flow from FIAT into BTC as long as you sell your Products.

Just a simple thought.

Friedcat, I dream about PCIe card with size similar to GPU, taking about the same 300W, using similar cooling and using 100 of your chips.

Any chance to get this into reality? The market would be fantastic for this.

Why, I just did exactly that:
http://betsofbitco.in/item?id=1525





But of course we need some more BFL fanboys to pay our lunch! :-)

Ente

Once Bitcoin gets more mainstream and asic miners become more mainstream itseems plausible to me that miners could be built into all sorts of internet connected devices .    TV's, BluRay players, internet s.  Interesting question is who gets the coins. ;-)   

You could pair it with one of these, which I think run ~10W. The trick would be to have LTCMiner detect it, and you'd be good to go.
http://www.geekbuying.com/item/MK808-Dual-Core-Android-4-1-Jelly-Bean-TV-BOX-Rockchip-RK3066-Cortex-A9-Mini-PC-stick-307415.html

possible, sure. efficient, i don't know. there's a thread in custom hardware about a DIY avalon approach, since avalon has said they want to sell chips. that may be your best place to ask.

as to shares: the IPO was finished ages ago, yes. but there are plenty of people selling them still, either directly, or through passthroughs on a couple exchanges. going price is about .7 btc a share. there's more info on that subject here, if you go back to about tuesday or so of this week in this thread.

Seems we're on the same page. 

I hope ASICMINER sells both.  I'd buy some of the minis just to have something to cart around and show people.  And I'd buy a monster (if I could afford it - or a share in a monster otherwise) because I'm not just a believer, I'm a true believer.

In terms of making money for shareholders, I think the minis would be more potentially profitable - the novelty value of a pocket-sized asic bitcoin miner is hard to guess at, but I put it at a good size.

And as for the "dust", yes, if you mine with a pool and set to 1mBTC payouts then (assuming your pool will even do that) then you'll have to hang on to those transactions for a _long_ time before you can afford to spend them without getting screwed in transaction fees.  Personally I have a 1BTC payout limit on my pool.  But again, you aren't mining with a mini to earn coins - you're mining with a mini because you believe in Bitcoin and want to keep the hashing power distributed.

makes a great stepping stone though. buy one, wait till you can afford a second, rinse, repeat until you have a decent income, THEN buy the big boys. ...this is pretty much exactly what i'm gonna do since my income is unlikely to see me with several thousand to spend anytime soon.

but 50 or so here and there? i can swing THAT.

I agree: