ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 464.

antirack

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Quote from: aahzmundus on March 10, 2014, 04:26:27 AM

I have been meaning to research the reason, but Washington state has really REALLY cheep electricity.

I am currently looking into this, but so far the $0.02 seem to be a mystery. Maybe "Dave from Bitfury USA" can comment Grin

http://www.eia.gov/state/print.cfm?sid=WA

Nov-13

Electricity Washington
Residential 8.70 cents/kWh
Commercial 7.95 cents/kWh
Industrial 4.49 cents/kWh

https://bitcointalksearch.org/topic/facilities-with-002kwh-in-seattle-or-washington-state-507721

jimmothy

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Quote from: aahzmundus on March 10, 2014, 06:14:08 PM

Quote from: jimmothy on March 10, 2014, 05:57:01 PM

Quote from: romerun on March 10, 2014, 05:52:48 PM

I hear bitfury selling dev batch of their version 2 chip, few weeks ago, looks like they're going to come out before FC gen 3

Wont even compare to AM gen3. It is still using 55nm iirc.

I thought the (smaller NM is better) argument was finally dead... j/ghps is what matters. Friedcat has shown you can win with older hardware if you optimize it right.

You're right but it looks like only a minor revision of gen1 bitfurys.

Quote from: KNK on March 07, 2014, 03:37:19 AM

3GH achieved at 0.62W/GH and 0.81V per chip, but a full string (@12V) requires a bit more current and will rise to 0.75W/GH
I have not pushed the chip yet to higher voltage and clocks

aahzmundus

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Quote from: jimmothy on March 10, 2014, 05:57:01 PM

Quote from: romerun on March 10, 2014, 05:52:48 PM

I hear bitfury selling dev batch of their version 2 chip, few weeks ago, looks like they're going to come out before FC gen 3

Wont even compare to AM gen3. It is still using 55nm iirc.

I thought the (smaller NM is better) argument was finally dead... j/ghps is what matters. Friedcat has shown you can win with older hardware if you optimize it right.

jimmothy

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Quote from: romerun on March 10, 2014, 05:52:48 PM

I hear bitfury selling dev batch of their version 2 chip, few weeks ago, looks like they're going to come out before FC gen 3

Wont even compare to AM gen3. It is still using 55nm iirc.

romerun

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Bitcoin is new, makes sense to hodl.

I hear bitfury selling dev batch of their version 2 chip, few weeks ago, looks like they're going to come out before FC gen 3

klondike_bar

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ASIC Wannabe

Quote from: necro_nemesis on March 10, 2014, 06:11:29 AM

There's no beating the difficulty. It's about contributing to it in the most cost effective way thereby making others contributions fruitless.

Bitcoin is becoming a rich man's game where only those willing to wager will have a chance. If any slowing of the difficulty is seen in the short term it's due to the cost of admission driving the little guy out. If the price of BTC remains high I suspect difficulty will begin to look like spikes as the large operations required to have a competitive edge come online. Building these systems takes time and won't necessarily reflect the steady outpouring of smaller systems.

The sensible money IMHO is to join in on one of these giant's enterprise.

Edit: The "sensible money" I use loosely when we are talking about bitcoin after all. If you have a mattress you might want to look at that option as being more sensible.

+1

I am scaling from 4kW to a 20kW location over the coming weeks at $0.135/kwh, with the goal being to then re-structure again and make the move to a full-fledged (100kW+) location in Quebec where power is about $0.10/kwh in late 2014 or early 2015. That's when you start looking at a million-dollar investment

Endlessa

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Quote from: necro_nemesis on March 10, 2014, 06:11:29 AM

....

If any slowing of the difficulty is seen in the short term it's due to the cost of admission driving the little guy out.

.....

It's a matter of the production limits of the current manufacturers and the unknown effect/quantity of hardware yet to be delivered.

BKM

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Quote from: aahzmundus on March 10, 2014, 03:40:09 AM

Anyone recognize what hardware this guy is using? https://www.youtube.com/watch?v=5CjldZLXiAU

Thats Dave from Bitfury USA.

necro_nemesis

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There's no beating the difficulty. It's about contributing to it in the most cost effective way thereby making others contributions fruitless.

Bitcoin is becoming a rich man's game where only those willing to wager will have a chance. If any slowing of the difficulty is seen in the short term it's due to the cost of admission driving the little guy out. If the price of BTC remains high I suspect difficulty will begin to look like spikes as the large operations required to have a competitive edge come online. Building these systems takes time and won't necessarily reflect the steady outpouring of smaller systems.

The sensible money IMHO is to join in on one of these giant's enterprise.

Edit: The "sensible money" I use loosely when we are talking about bitcoin after all. If you have a mattress you might want to look at that option as being more sensible.

Teodor

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The difficulty increases so much so that when people buy these things they are just good for nothing but put some eggs and a hen on them to make chikens! Not to make bitcoins! Grin

Hope these guys will suprise us with something that NO ONE in the market did untul now !!
To create a real mining rig that can beat the difficulty and make real ROI !!

necro_nemesis

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I suspect in time when the ASIC makers find it virtually impossible to outdo each other they will compete on the margins to manufacture alone and the older stuff will be landfill.

aahzmundus

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I have been meaning to research the reason, but Washington state has really REALLY cheep electricity. Even with air cooling he can run those things far longer then most people could afford to.

I was considering trying to fund a mining farm in the area specifically to take in "outdated" hardware pennies on the gigahash, and then run them with the cheep electricity.

Another place I can see this happening is Iceland.

It will be interesting to see where mining power ends up geographically. In china close to production? Close to major internet backbones to race orphans? Africa for subsidies? Iceland for power cost? Cyprus for a bitcoin friendly government? When your mining farm fits in a shipping container, maybe you just leave them on a ship and sail around as needed!

necro_nemesis

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Quote from: aahzmundus on March 10, 2014, 03:40:09 AM

Anyone recognize what hardware this guy is using? https://www.youtube.com/watch?v=5CjldZLXiAU

Don't know but I find it interesting this notion that mining "Has become too difficult". IMHO difficulty is all relative and ASIC 's are still in the process of being optimized in cost and performance. What lies ahead is capitalizing on those efficiencies which appear to be substantial in this latest round of ASIC' s.

Ref the video: I don't know if I really want to be smiling invested in a boatload of mining systems based on older inefficient ASIC 's at the present moment.

jimmothy

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Quote from: aahzmundus on March 10, 2014, 03:40:09 AM

Anyone recognize what hardware this guy is using? https://www.youtube.com/watch?v=5CjldZLXiAU

8 million dollars a month is 2.5 PH at current difficulty.

Could be cex.io

Edit: Says over 1PH @ 1.4MW so it must be bitfurys.

Edit 2: "Dave Carlson the Founder of MegaBigPower"

dhenson

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Quote from: aahzmundus on March 10, 2014, 03:40:09 AM

Anyone recognize what hardware this guy is using? https://www.youtube.com/watch?v=5CjldZLXiAU

Aren't those bitfury boards?

http://www.bitfurystrikesback.com/product/bfsb-m-board-v2-3/

aahzmundus

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Anyone recognize what hardware this guy is using? https://www.youtube.com/watch?v=5CjldZLXiAU

He1l_Q

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Quote from: necro_nemesis on March 09, 2014, 06:47:28 PM

Quote from: szmarco on March 05, 2014, 03:29:45 AM

Quote from: Lloydie on March 04, 2014, 10:35:12 PM

Quote from: Chris_Sabian on March 03, 2014, 01:32:08 PM

News from a Chinese miner forum:http://cybtc.com/article-655-1.html

Rockxie, who is the exclusive distributer for Asicminer's mining machine in China, announced that he will produce his own miners.
The sample miner will be availble in April and the chips would be AM's Gen3.

specification: AM gen3 chips, 40nm, 1TH, 500W.

Indicates 0.5 W/GHs and that the tapeout was successful? Am I missing something?

Interesting..
"另外彩云比特从烤猫处了解到第一批三代芯片已经销售完毕。"
tanslate: BTW,FC told CYbtc that the 1st bach of Gen 3 chips has been sold out.

I believe in the absence of information much has been interpreted with respect to ASIC release based on the previous posts which IMHO are open to various interpretations and are inconclusive in determining the general picture on the ASIC delivery issue.

I believe what they want to say is that the first batch of gen3 SAMPLE chips (or wafers) have been pre-orderd.

He1l_Q

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Quote from: bitcoin.newsfeed on March 09, 2014, 04:51:54 PM

Quote from: He1l_Q on March 09, 2014, 12:50:15 PM

a head of a new miner manufacturer

so you as future manufacturer of mining hardware (with gen3 AM chips) got an update from ASICminer, that you should expect sample chips later this month, correct?

so your mass production of mining hw starts in May (if everything goes well™) ? not AM gen3 mass chips production, correct?

AM gen3 chips mass deployment was announced and multiple times confirmed to March date.

I heard these from a head of a miner manufacturer.

He claimed that he had pre-ordered wafers (not chips) from AM directly.

I personally GUESS mass production of gen3 am chips will be in the next month, but it is not confirmed.

necro_nemesis

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Quote from: ?? on ??

Quote from: necro_nemesis on March 09, 2014, 06:47:28 PM

I believe in the absence of information much has been interpreted with respect to ASIC release based on the previous posts which are open to various interpretations and are inconclusive in determining the general picture on the ASIC delivery issue.

Are you a lawyer? Cheesy

tl;dr
Much Speculation.

Nah. I'd make more listening to other arguments. Grin

necro_nemesis

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Quote from: szmarco on March 05, 2014, 03:29:45 AM

Quote from: Lloydie on March 04, 2014, 10:35:12 PM

Quote from: Chris_Sabian on March 03, 2014, 01:32:08 PM

News from a Chinese miner forum:http://cybtc.com/article-655-1.html

Rockxie, who is the exclusive distributer for Asicminer's mining machine in China, announced that he will produce his own miners.
The sample miner will be availble in April and the chips would be AM's Gen3.

specification: AM gen3 chips, 40nm, 1TH, 500W.

Indicates 0.5 W/GHs and that the tapeout was successful? Am I missing something?

Interesting..
"另外彩云比特从烤猫处了解到第一批三代芯片已经销售完毕。"
tanslate: BTW,FC told CYbtc that the 1st bach of Gen 3 chips has been sold out.

I believe in the absence of information much has been interpreted with respect to ASIC release based on the previous posts which IMHO are open to various interpretations and are inconclusive in determining the general picture on the ASIC delivery issue.

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