Really ..?
It is 2016 not 2013
Topic: Bitfury: "16nm... sales to public start shortly" - page 55. (Read 108494 times)
1M usd group buy
Really ..?
It is 2016 not 2013
Really ..?
It is 2016 not 2013
Wee can make a group buy on these cips?
So since these chips are so efficient and powerful. Why sell them and not just mine themselves instead?
Developement costs; i supose they want to recover the investment quickly; bonus will be their miners hashing, maybe...
I don't know what's their cost to develop the 16mn chip, but it is millons of $$$, much money to recover by themselves, or too time... but only speculating...
If you want to buy Rev3 chips directly from Bitfury you must join their MOQ and pay $1M 
So no way small companies can buy rev3 chips
even if there is a company that buys chips thru MOQ and resells them price will be to high I guess...
Or.....So no way small companies can buy rev3 chips
even if there is a company that buys chips thru MOQ and resells them price will be to high I guess...Small companies and independent designers can join together and reach this MOQ after they have proven working design.
From Niko's posts I understand that BFSB will be back online selling chips in small quantities for a margin of course
So since these chips are so efficient and powerful. Why sell them and not just mine themselves instead?
There gets to a point where you have too much hardware and end up competing against yourself. By selling the mining rights of chips upfront, you can sell or utilize a greater number. And get more money back upfront. And decentralise-ish. And PR. And VC money. And means you don't have to keep building 100MW facilities for the trillion chips you just made. 
So since these chips are so efficient and powerful. Why sell them and not just mine themselves instead?
Because nothing in the bitcoin world is set in stone.. Hell it could be banned globally tomorrow.. Not that that would stop it but definitely would put a hurt on it if money cant be brought in or out with an exchange. But anyway the only sure bet is if you have demand for a chip.. Sell it sell the shit out of it to whomever will throw money your way.. Its not about btc anymore its about how places can take advantage of it while its going strong.. If Bitfury sells to chinese farms then i think we know where they stand.
Best Regards
d57heinz
Bitcoin is supposed to be non-discriminatory, would be pretty poor form to not allow the Chinese to buy chips.
Not trying to discriminate.. But when china runs 100% of the network im going to be sad to come in and even have to say i told you so. The reason btc is strong is due to it not being able to be controlled by one person.. Id say if the president of china says im running the show im pretty sure that's what will happen! (so bitcoin needs to be in a state that it cant be vulnerable if that were to happen ) Something has to be put in place to try to further decentralize mining.. i dont fault china for being on top of the game. but i thought there was an implied social contract that no one entity whether it be a mining pool or country would get over 51%.. i know you can see why this is a concern.. not to mention all the technological limitations putting all that hash in one country causes for the rest of the network miners..
Best Regards
d57heinz
So since these chips are so efficient and powerful. Why sell them and not just mine themselves instead?
Because nothing in the bitcoin world is set in stone.. Hell it could be banned globally tomorrow.. Not that that would stop it but definitely would put a hurt on it if money cant be brought in or out with an exchange. But anyway the only sure bet is if you have demand for a chip.. Sell it sell the shit out of it to whomever will throw money your way.. Its not about btc anymore its about how places can take advantage of it while its going strong.. If Bitfury sells to chinese farms then i think we know where they stand.
Best Regards
d57heinz
Bitcoin is supposed to be non-discriminatory, would be pretty poor form to not allow the Chinese to buy chips.
There was a post saying that with 0.02 USD/kw there is not big intuitive for big farms to spend big on better efficiency.
I personally do not like the way Chinese eat everybody and everything , but still this is an open market and Chinese are faster and way more efficient than us , so they win
And we still live better in USA and EU..
If you want to buy Rev3 chips directly from Bitfury you must join their MOQ and pay $1M
So no way small companies can buy rev3 chips even if there is a company that buys chips thru MOQ and resells them price will be to high I guess...
Or.....So no way small companies can buy rev3 chips
even if there is a company that buys chips thru MOQ and resells them price will be to high I guess...Small companies and independent designers can join together and reach this MOQ after they have proven working design.
From Niko's posts I understand that BFSB will be back online selling chips in small quantities for a margin of course
So since these chips are so efficient and powerful. Why sell them and not just mine themselves instead?
Because nothing in the bitcoin world is set in stone.. Hell it could be banned globally tomorrow.. Not that that would stop it but definitely would put a hurt on it if money cant be brought in or out with an exchange. But anyway the only sure bet is if you have demand for a chip.. Sell it sell the shit out of it to whomever will throw money your way.. Its not about btc anymore its about how places can take advantage of it while its going strong.. If Bitfury sells to chinese farms then i think we know where they stand.
Best Regards
d57heinz
Bitcoin is supposed to be non-discriminatory, would be pretty poor form to not allow the Chinese to buy chips.
So since these chips are so efficient and powerful. Why sell them and not just mine themselves instead?
Because nothing in the bitcoin world is set in stone.. Hell it could be banned globally tomorrow.. Not that that would stop it but definitely would put a hurt on it if money cant be brought in or out with an exchange. But anyway the only sure bet is if you have demand for a chip.. Sell it sell the shit out of it to whomever will throw money your way.. Its not about btc anymore its about how places can take advantage of it while its going strong.. If Bitfury sells to chinese farms then i think we know where they stand.
Best Regards
d57heinz
So since these chips are so efficient and powerful. Why sell them and not just mine themselves instead?
You are right about that, but I don't have $1M so I can't buy chips to build miners and go mining... Even if I want to buy rev3 chips for like $10000 or $50000, no chance how things look right now...
So since these chips are so efficient and powerful. Why sell them and not just mine themselves instead?
Possibly why we haven't seen them offered to the public yet...
So since these chips are so efficient and powerful. Why sell them and not just mine themselves instead?
If you want to buy Rev3 chips directly from Bitfury you must join their MOQ and pay $1M
So no way small companies can buy rev3 chips even if there is a company that buys chips thru MOQ and resells them price will be to high I guess...
So no way small companies can buy rev3 chips
even if there is a company that buys chips thru MOQ and resells them price will be to high I guess... 
This chip could be a boost for the home miner because power costs are more of an issue.
Here are some back of the envelope numbers:
1) Roughly, a 135 chip configuration spec would look like about 6.35 Th and consume about 535W (135 x 47Gh/chip, 135 x 3.6W +10% )
2) Now factory miners have very cheap power. At $0.02/kW/h, difference between this and an S7 just in power cost is about $0.36 per day. So the ROI isn't there purely in terms of power savings.
Here are some back of the envelope numbers:
1) Roughly, a 135 chip configuration spec would look like about 6.35 Th and consume about 535W (135 x 47Gh/chip, 135 x 3.6W +10% )
2) Now factory miners have very cheap power. At $0.02/kW/h, difference between this and an S7 just in power cost is about $0.36 per day. So the ROI isn't there purely in terms of power savings.
I think the biggest problem for home mining today are miners with 3000+ RPM fans. The first 55nm BitFury M-card/H-card miners from 2013 were unique in that they required very little air flow to cool. I had one quietly running in my bedroom for almost 18 months before it burnt itself out.
I hope that someone will offer a silent, non-dense miner package for their 16nm chips.
How do we know when the video was filmed? It could have been filmed months ago and just released.
Exactly. Just write the last 5-6 digits of the last block hash on a piece of paper near the board.
What would that proof? The chip could still be old.
How do we know when the video was filmed? It could have been filmed months ago and just released.
Exactly. Just write the last 5-6 digits of the last block hash on a piece of paper near the board.
Serious question - does it actually matter when the video was made?
I was actually thinking the same thing. Why does it matter when it was made? If it was a few months ago, what does it mean?
How do we know when the video was filmed? It could have been filmed months ago and just released.
Exactly. Just write the last 5-6 digits of the last block hash on a piece of paper near the board.
Serious question - does it actually matter when the video was made?
How do we know when the video was filmed? It could have been filmed months ago and just released.
Exactly. Just write the last 5-6 digits of the last block hash on a piece of paper near the board.
How do we know when the video was filmed? It could have been filmed months ago and just released.
would be nice if you didnt just fill chinese farms with this tech..
already enrouteWe are in talks with them.
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