ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1191.

SRoulette

sr. member

Activity: 364

Merit: 252

When and where can we order this beautiful device ?
My SO saw this and fell in love instantly, she is already on QQ linking it to all her friends Grin

She missed out investing in a recent avalon purchase I went in on so this is current choice.

An ideal bitcoin related gift imho and it would also be a boon to altcoins like PPC & TRC.

This could be the future of bitcoins, every user plugging along with 1-4 of these devices in their PC balancing out the bigger players with their more powerful ASICS.
Personally I would run it regardless of profitability on a mining pool for the devices lifetime and I would imagine many others would do as well.

I wish you all the best luck in this and I am already impatient waiting to order this new device Tongue

Miner99er

sr. member

Activity: 310

Merit: 250

Quote from: organofcorti on April 12, 2013, 11:32:16 PM

Even at current difficulty, one of these things will earn about 0.006 btc per week. It won't be long before it will take months before a 300MHps device earns enough to make a reasonably sized transaction. Otherwise there'll just be more SatoshiDice-like tx in the blockchain, and you'll have to pay larger fee when you want to spend the coins you mined with it.

So you'll need a bunch of them, and this means, as Kano suggested, messy USB hubs and this really works against the basic idea of a simple little plug in device.

I really do like the idea, but it needs to provide an order of magnitude greater hashrate to make it useful for mining - like the larger boards. If you just want to use it to support the network with this 300Mhps model, fine. But if you want to earn btc with it, it's not quite there yet.

Yeah... just did the power estimates of this thing, (in my area, its .06c per KWH) and the difficulty before this thing is unprofitable.

3,00,767,3000

Bump that price up to .25c per KWH

88,767,3000

Yes, I just added numbers to the front till I got a number low enough to not be worth it.

So, if you don't want them... I sure as the hell do. USB cabling being a mess or not... you can always custom make a rack for 'em.

organofcorti

donator

Activity: 2058

Merit: 1007

Poor impulse control.

Even at current difficulty, one of these things will earn about ~~0.006 btc~~ 0.15 btc per week. It won't be long before it will take months before a 300MHps device earns enough to make a reasonably sized transaction. Otherwise there'll just be more SatoshiDice-like tx in the blockchain, and you'll have to pay larger fee when you want to spend the coins you mined with it.

So you'll need a bunch of them, and this means, as Kano suggested, messy USB hubs and this really works against the basic idea of a simple little plug in device.

I really do like the idea, but it needs to provide an order of magnitude greater hashrate to make it useful for mining - like the larger boards. If you just want to use it to support the network with this 300Mhps model, fine. But if you want to earn btc with it, it's not quite there yet.

lophie

hero member

Activity: 924

Merit: 1001

Unlimited Free Crypto

Quote from: Frost on April 12, 2013, 11:13:38 PM

I want this usb thing now!

That is what she said!

Frost

hero member

Activity: 602

Merit: 508

I want this usb thing now!

nebulus

hero member

Activity: 490

Merit: 500

... it only gets better...

Quote from: 🏰 TradeFortress 🏰 on April 12, 2013, 10:06:19 PM

Take a look at BTC Guild.

Just did, seems like AM makes up about 11% of global hashrate according to btcguild and blockchain charts... Not bad at all... Thanks!

nathanrees19

full member

Activity: 196

Merit: 100

Quote from: DiabloD3 on April 12, 2013, 08:40:53 PM

Quote from: nathanrees19 on April 12, 2013, 08:31:15 PM

Quote from: DiabloD3 on April 12, 2013, 07:09:04 PM

Its not slower

Yes it is.

You're basically saying that a hybrid car is not slower than a ferrari because cars are measured in L/100km. Having other favourable qualities does not mean that this unit is not slower than a GPU.

Your comparison made zero sense. Miners are measured in mhash/watt and mhash/tco.

You said it's not slower. Slower means speed and speed means something per unit of time. You then went on to talk about efficiency which is unrelated to speed. My comparison was the speed of a car versus the fuel efficiency of the car, which was a very close fit.

Quote from: DiabloD3 on April 12, 2013, 08:40:53 PM

Whats the point of

I don't get it. Do you not understand the difference between:

It's not slower.

It's not important that it's slower.

?

Miner99er

sr. member

Activity: 310

Merit: 250

Quote from: arklan on April 12, 2013, 10:18:29 PM

Quote from: Miner99er on April 12, 2013, 10:12:46 PM

Seriously... if these things are $39 each... I'll take 100. TODAY!!!

Need to know more, and where to send Cash/BTC/Small children/Any spare organs I don't need.

ooo, they'll take organs? Cheesy

Naw, but I know a guy in Mexico... and a website that deals with black market items and bitcoins.

arklan

legendary

Activity: 1778

Merit: 1008

Quote from: Miner99er on April 12, 2013, 10:12:46 PM

Seriously... if these things are $39 each... I'll take 100. TODAY!!!

Need to know more, and where to send Cash/BTC/Small children/Any spare organs I don't need.

ooo, they'll take organs? Cheesy

Miner99er

sr. member

Activity: 310

Merit: 250

Seriously... if these things are $39 each... I'll take 100. TODAY!!!

Need to know more, and where to send Cash/BTC/Small children/Any spare organs I don't need.

🏰 TradeFortress 🏰

vip

Activity: 1316

Merit: 1043

👻

Quote from: nebulus on April 12, 2013, 04:37:02 PM

Wow, I lol'd. With 5 bucks and a trip to RadioShack I can produce you an exact replica of whatever the heck this is. Give us picture of your supposedly "real" facility where all the supposedly "real" equipment resides. This will "surely" convince us you are for real!

Take a look at BTC Guild.

dan99

sr. member

Activity: 406

Merit: 250

Quote from: nebulus on April 12, 2013, 04:37:02 PM

Wow, I lol'd. With 5 bucks and a trip to RadioShack I can produce you an exact replica of whatever the heck this is. Give us picture of your supposedly "real" facility where all the supposedly "real" equipment resides. This will "surely" convince us you are for real!

OK, let me know if you could get one for less than 5 bucks.. that will be cool

SRoulette

sr. member

Activity: 364

Merit: 252

KAWAIIIII!!!!!!!!

DiabloD3

legendary

Activity: 1162

Merit: 1000

DiabloMiner author

Quote from: nathanrees19 on April 12, 2013, 08:31:15 PM

Quote from: DiabloD3 on April 12, 2013, 07:09:04 PM

Its not slower

Yes it is.

You're basically saying that a hybrid car is not slower than a ferrari because cars are measured in L/100km. Having other favourable qualities does not mean that this unit is not slower than a GPU.

Your comparison made zero sense. Miners are measured in mhash/watt and mhash/tco. Whats the point of being flat out faster in raw numbers if you can't afford to "drive your Ferrari".

nebulus

hero member

Activity: 490

Merit: 500

... it only gets better...

Quote from: 🏰 TradeFortress 🏰 on April 12, 2013, 08:21:10 PM

Quote from: nebulus on April 12, 2013, 08:15:19 PM

Quote from: JordanL on April 12, 2013, 08:02:22 PM

Lots of pictures of Avalons around.

Hard to believe that ASICMINER doesn't exist when you can watch their hash power: http://www.btcguild.com/halloffame.php

The one that says China?

No, 67117

Thanks, the guy is right... I should be reading the forum more. friedcat mentioned it.

CrazyGuy

legendary

Activity: 1973

Merit: 1007

This is an excellent idea! I agree that 300mh/s is not much, but the majority of people using bitcoins right now are newcomers. For most, one or two of these things will suffice and get them into the mining game with little risk and hassle. As long as they are priced accordingly, these things will sell like hotcakes! If ASICMiner limits purchase quantities to 1-3 devices, they could help tremendously in decentralizing the network.

Good luck guys, and kudos for waiting to sell before the product is fully developed. Count me in for a couple.

nathanrees19

full member

Activity: 196

Merit: 100

Quote from: DiabloD3 on April 12, 2013, 07:09:04 PM

Its not slower

Yes it is.

You're basically saying that a hybrid car is not slower than a ferrari because cars are measured in L/100km. Having other favourable qualities does not mean that this unit is not slower than a GPU.

🏰 TradeFortress 🏰

vip

Activity: 1316

Merit: 1043

👻

Quote from: nebulus on April 12, 2013, 08:15:19 PM

Quote from: JordanL on April 12, 2013, 08:02:22 PM

Lots of pictures of Avalons around.

Hard to believe that ASICMINER doesn't exist when you can watch their hash power: http://www.btcguild.com/halloffame.php

The one that says China?

No, 67117

Nancarrow

hero member

Activity: 492

Merit: 503

I keep forgetting about ASICMINER, because I frequent the Custom Hardware subforum. Also, if I want to find out who's said what when about ASICMINER, I balk at the thought of wading through a 160 page thread.

When ASICMINER finally do start making their ASICs available to the buying public, will they please please please start a new thread in Custom Hardware? I'm getting sick of BFL this and Avalon that and NewScammer the other.

nebulus

hero member

Activity: 490

Merit: 500

... it only gets better...

Quote from: JordanL on April 12, 2013, 08:02:22 PM

Lots of pictures of Avalons around.

Hard to believe that ASICMINER doesn't exist when you can watch their hash power: http://www.btcguild.com/halloffame.php

The one that says China?

Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1191. (Read 3917058 times)