The end of 2013 will be an arms race with the potential big collective miners (ASICMiner, ActiveMining, BTCGarden, & Labcoin) and everyone else. It's going to be a bloodbath...
Looking forward to seeing the fight. 
Topic: [BTCT.CO] [IPO-cancelled] BTCGARDEN MINER---Eyes to the horizon - page 37. (Read 198202 times)
interest and keep watching
墙内的来支持一下，能不能搞个中文版啊？ 
主要是涉及到法律问题，这个还需要等我们的律师给我们最后答复，是否可以在国内的论坛说这些。
不过你只要跟住BTCMAN的帖子就可以了，我一般都会简单跟进的
股票方面，在BTCT很快就可以买到了。
The end of 2013 will be an arms race with the potential big collective miners (ASICMiner, ActiveMining, BTCGarden, & Labcoin) and everyone else. It's going to be a bloodbath...
墙内的来支持一下，能不能搞个中文版啊？
Unlocked and ready for vote now on btct.co. Great!
Garden! Go!
R2
Update :
We have received our sample-PCB and it is being tested in every aspect. Everything s running well so far. ( Mass production of PCBs will start later and can be finished within one week in Shenzhen)
We also dealed with an acquaintances packaging factory to shorten the Package period from 10days to 3days. I.E. we will get our chips in hand only 3-4 days later after out of Fab.
We will hold a meeting next weekend in Beijing to discuz our future plans incl.: 2nd gen chips, deployment plans for 1st gen chips, application of analog circuit in our project , a lot of experts both on R and D have been invited.
We have received our sample-PCB and it is being tested in every aspect. Everything s running well so far. ( Mass production of PCBs will start later and can be finished within one week in Shenzhen)
We also dealed with an acquaintances packaging factory to shorten the Package period from 10days to 3days. I.E. we will get our chips in hand only 3-4 days later after out of Fab.
We will hold a meeting next weekend in Beijing to discuz our future plans incl.: 2nd gen chips, deployment plans for 1st gen chips, application of analog circuit in our project , a lot of experts both on R and D have been invited.
Update:
UPDATE:We may sell it at china and deploy a new hashing-house at USA.(100TH+) this house will be a big one and later replace with 40nm chips.
so ,anyone who r interested in resell/deployment on USA plz contact me.
by QQ plz.(we have a qq group gathering many US guys ,so we probably build up a team there later.like WA state with the cheapest power price)
QQ s link: http://imqq.com/ plz msg me your qq number after you apply one.
----------------------------------------
our first gen blade is going to be sell at btcgarden.com very soon.
Product 1: blade
this product will be shipped within 10days.
it should be 10-11GH/blade and it is recommand to combine two of these blades as a whole to get a self-support structures,therefore,our produce is acutally 20-22GH per set.
price: 2.7 Btc / set/ 20GH
technical features :
Single chip 350MH/s~400MH/s,32 chips per blade
Power Consumption 8W/GH/s,80-100W per blade
Power supply:12V
Our blade will be perfectly programed and easy to use. We will give the required power supply information and the user guideline for the blade, buyers just need to modify the mine pool and miner information .
Product 2: first generation chips of 130nm
this product will be shiped on Dec.5th,2013,at which point our 2nd batch of 1st generation 130nm chips will be finished and ready for shipping. All documents needed will be open sourced in advance to let our customers do the preparation.
Our chip can work very well at 350MH/s/chip on 1.2v.
price: 0.025 BTC/GH ,MOQ 10TH (30000 chips,around 15 wafers)
technical features :
Package: LQFP64 10*10 gold line
Working Freuency:350MH/s~400MH/s
We will provide the complete chip user guideline, so buyers can use our chips on the PCB we provided or self-design PCB.
Product 3 : Documents of LAYOUT & GDSII & related supports of first generation 130nm chips
Custmer of this product can layout our 1st generation chips with Fab(smic) directly.
We will also offer all supports needed through the whole technological process.
price: 2000 BTC
technical features :
SMIC 130nm process, single chip speed will be 350~400MH/, we can provide 65nm,40nm or 28nm design according to buyer’s need, also we can help you to tape out your chips.
hi all,
---------
Our first gen asic miners are hashing. everything looks fine by far. (chinese version: http://bbs.btcman.com/forum.php?mod=viewthread&tid=3774)
video: http://www.youtube.com/watch?v=qChofuFntMQ
Pics:
----------
our first gen blade is going to sell at btcgarden.com very soon. (video s avaible in the official thread)
Product 1: blade
this product will be shipped within 10days.
it should be 10-11GH/blade and it is recommand to combine two of these blades as a whole to get a self-support structures,therefore,our produce is acutally 20-22GH per set.
price: 2.7 Btc / set/ 20GH
technical features : coming soon
Product 2: first generation chips of 130nm
this product will be shiped on Dec.5th,2013,at which point our 2nd batch of 1st generation 130nm chips will be finished and ready for shipping. All documents needed will be open sourced in advance to let our customers do the preparation.
Our chip can work very well at 350MH/s/chip on (v w)
price: 0.025 BTC/GH ,MOQ 10TH (30000 chips,around 15 wafers)
technical features :coming soon
Product 3 : Documents of LAYOUT & GDSII & related supports of first generation 130nm chips
Custmer of this product can layout our 1st generation chips with Fab(smic) directly.
We will also offer all supports needed through the whole technological process.
price: 2000 BTC
So far we are too busy to reply all mails we got, sry. And since we have already cancelled our IPO, we can hardly establish the Trust Mechanism if we prefer any kind of "distributors mode" currently.
The shortage of fund is also an immediate problem we are facing, we have to find some solutions in 10-20 days.
Anyone interested in "Sales agent" please msg me your QQ with the info&ID of talk please. (download this software from here: http://www.imqq.com/) . To shorten the time costs, we ll v prefer those experienced ones.
BR
aiwill
IMPORTANT NOTICE
Due to some unexpected legal risks we met last week, we have to, cancel this IPO and buyback/repurchase entire two million shares of BTCGARDEN we issued at btct.co.
We will buy back all shares with the whole price of 32064btc. I.e,we will pay for commissions to let all shareholders get back their Bitcoin with the price of 0.016btc/share.
I would like to say thank you & sorry to all of our investors/supporters/ potential investors in advance before I explain the whole affair. Thank you for all of your trust and support, sorry for the final decision we have made.
The whole story:
In August 05th , 2013, a chinese BTCer posted threads/mailed us several times at btcman.com with extreme bad tone, threatening that he need to inspect and review our company to see whether we are real and trustworthy, otherwise he would do something bad to us. Being the nature of the business, such request can not be satisfied. So we agreed that we could buy back his shares on btct.co.However,he asked for a higher price and require us to transfer the Bitcoin to him first. We then searched for his email address and his account on net, what shocked us was that he has a long history of cyber-fraud activities in china, he did not even change his ID and email in the past several years and due to the terrible chinese laws, he has not been arrested.
With those information, we realize that we were being extorted and obviously refused to transfer first.We banned his account at btcman.com after he continued to attack us there. One day later, he opened a new thread at bitcointalk`s chinese board and post a reply at our official thread in chinese as you can find, saying full of lies and persuading other people to join his group to against us. Although he cannot even speak english, an english spoken shareholder still talked with him through IM software&google translator and helped him to find out some personal info of one of our staff of btcman.com. (not btcgarden). The racketeer then reported our staff/sites/this BTC-IPO to police with several completely falsified evidences such as:
* He accused us of asking people in China to first buy bitcoin from btcsea.com and then use those bitcoins to purchase shares from btct.co. This way, it would appear that we are collecting RMB almost directly from the end purchaser. Fact: we never did such thing, btcsea's traffic wasn't much different in those days of IPO as any other day before that.
* He accused us of ponzi scheme in our IPO, and claimed that he has lost of a lot of money because of that. Fact: when he first started the thread on btcman.com, stock price was slight higher than IPO price. After that, stock price stayed close to IPO price all those days, so how could he possibly have suffered massive lose because of this. And he forgot to mention we agreed to purchase back the share at IPO price as long as he would transfer first so he could avoid the "MASSIVE" lose.(BTW:he has only 1 share of BTCGARDEN at the moment)
After discussing inside, we decide to stay away from the IPO at this point as the fairness of laws in this area are full of big uncertainties. We hardly undertake such an undefined risk especially with many scamers out there seemingly targeting the bitcoin companies in China .
(Latest update: currently, a lot of teams in china are planning IPO at BTC community ,some of them do not even have an creative & original prospectus ,which in our side,make this even more dangerous.)
We therefore have to give up this IPO and repurchase all issued shares. Hope all of you can understand this.
Procedures:
We have already confirmed the whole process with Burnside (manager of btct.co),
1 We will lock the trading of BTCGARDEN at btct immediately.
2 We will then send the whole 32064BTC and submit the repurchase request to Burnside from backstage, he will then run the proper script to execute this request ASAP.
3 All current shareholders will get your BTC back into your account immediately,at which point you can withdraw it freely.
All of above will be finished in 24-48 hours from the time you see this notice.
Future plan:
1 .We will not issue any other asset until we can fully build up our new company oversea(hopefully soon), or laws in China become clear about bitcoin (not hopefully, imo, many laws are intentionally vague so they can interpret them in a way that best suit their interest)
2. Our ASIC project will be switched to a "self-miner+seller"mode,i.e. we will only use our own money and mining-income to invest our enterprise and sell chips/mining-hardwares with only BTC and B2B accepted. Needless to say, this will cause a huge funding shortage and we have no choice but to change our previous plan so much.
3. Btcman.com will be changed to an international site with english info included.(BTW:all english editors/journalists who are interested in this please mail us. We have almost finished the new layout of btcman.com, as some of our members might already knew.)
4. Any questions/suggestions from our previous investors are very welcomed, please mail me through your email of btct account. (FYI: messages/mails with regards to direct-investment to us is discussible but please keep in mind that this mode will be very hard to most of you because you can not sell it as easy as stocks)
5. We have backed up the list of our investors, we will think about what we can do for all of you later on. (a discount for our hardwares/other products might be possible)
Again, thanks to all our supportors.
Finally, special thanks to a big name at Bitcoin community, whom might not want his id be mentioned here despite he has already been well known as a nice & successful BTCer.
A project of ASIC bitcoin mining is ongoing by our group, named btc-garden (www.btcgarden.com). At the moment, we are at the stage of TAPE OUT.
We have started our project since Feb.2013.Also, according to our timetable, we will have around 100T hashrate online on this August or September as our best situation. The following paragraphs are written to give out a brief introduction of this item. A relative detailed version will be posted on this board & our website at the beginning of June, 2013. Any questions or advices are welcomed in this thread.
A brief introduction
Please link to: https://bitcointalksearch.org/topic/eyes-to-the-horizon-a-bitcoin-asic-project-will-be-announced-in-june-213172
Details of BTCGARDEN
[Business Name] BTCGARDEN
[Business Location (city/state/region/country)] BEIJING/SHENZHEN/XIAN/CHINA
[About your Company] BTCSEA CO.,LTD, registered at HongKong in April,2013.Offices located in Shenzhen,Shanghai,Beijing,Xi`an,for mining-devices sales/ self-mining managements/websites maintenance.
[Company Website URL] www.btcman.com; www.btcgarden.com;
[Linked-In Profile URL]
https://bitcointalksearch.org/topic/btctco-ipo-cancelled-btcgarden-miner-eyes-to-the-horizon-264696
https://bitcointalksearch.org/topic/eyes-to-the-horizon-a-bitcoin-asic-project-will-be-announced-in-june-213172
http://bbs.btcman.com/forum.php?mod=viewthread&tid=3774&extra=page%3D1
http://www.btcgarden.com
Overview:
BTCGARDEN-Stock was created for a project of ASIC bitcoin mining that is ongoing by our group, named btc-garden (www.btcgarden.com). At the moment, we are at the stage of TAPE OUT.(LAYOUT finished in May)
We have started our project since Feb.2013.According to our timetable, we will have around 200TH hashrate online on this Oct as our best situation.
Initial Offering:
4,000,000 shares of BTCGARDEN,which occupy 40% of BTCSEA CO.,Ltd`s market value, will be made available to the public at btct.co. First 2,000,000 shares will be put up in value beginning at 0.016 BTC/share ,the rest of 2,000,000 shares will be issued with higher price.I.e.:
2,000,000 shares @ 0.016 BTC (1st batch)
2,000,000 shares @ higher than 0.016 BTC (2nd batch)
Here re lines about the 2nd-batch.
2nd batch of BTCGARDEN will
*be impossible to issue before we reach a significant milestone in the development of our project.
*a portion of 2nd batch shares will be used for "protecting the interests" of our shareholders,which means that there is a possibility that we will not issue all of the 2nd batch of 2,000,000 shares in future. I cannot expand this at the moment but I d like to say this could be a very good deal/offer to all our shareholders.
*Certainly , the price of 2ed will be higher than the 1st.
The other 6,000,000 shares are held by investors of BTCSEA CO.,Ltd ,which are not available and limited to open in next 2 years. Pass Through stocks based on these shares are prohibited in next 2 years as well.Public shareholders have no such restriction.
Each share has the same dividends and there will be no more additional shares to be brought in unless with a proclamation in advance, which, mostly likely,caused by a big movement/progress/project(examples:new generation of 40nm chips / full custom design systems / new large-scale hashrate deployment ). To protect the interests of shareholders,it will be strictly controlled by terms of share dilution.
Shares
Initially,every one share of BTCGARDEN represents to 1/10,000,000th of the dividends of the whole 10,000,000 shares.
All of the mining and sales profits will be paid out to the shareholders of BTCGARDEN weekly through btct.co. At the earliest,we will be start from the middle of September,2013, while our first batch of chips(200-300T) will be arrive and start to be deployed.As time is precious in current stage of the business, we have already paid for this first big-amount batch ,all shareholders can therefore expect a quicker & higher return than normal.
Each share in public has no voting rights.
Guarantees & profits
As of July 2013, bitcoin net hashrate is at 200TH, 1000TH is a reasonable estimate at the end of 2013. We will concentrate on deploying our devices for self-mining till we reach 350TH, we expect to reach that milestone around end of the 2013 which will give us 35% occupancy of the whole net. We have already taken a big risk to tapeout our first batch of 200TH directly(without sample chips & prototype) since we have enough confidence on our Layout design. Furthermore, we will order the second batch of 300TH or more immediately after we receive/test pass our first batch. Therefore, to compare with those potential competitors, we could have a very big advantage on production capacity in this year. There are undoubtfully some risks involved with this approach, but the risk/reward ratio is highly favorable if we succeed. All shareholders will then be the main beneficiaries.
Reserved Rights
Issuer BTCSEA CO.,Ltd reserves the rights,including but not limited to the following:
1. To be in charge of the reinvestment of IPO funds.Pricing power of BTCGARDEN shares.
2. To compare with our huge expected income, the maintenance/company costs might be a small percentage in normal. However, any extra costs due to unforeseen accidents are still possible. We reserve the right to temporarily use the mining profit to cover such loss.
3. The power to make the decision on issue date& quantity & value of additional shares.I.e. the power of share dilution.
share dilution
Additional share offering will rarely occur unless we cannot get enough funds from our income. For instance,mass production for 40nm chips can be very expensive,there might be an additional program to collect the money in the fastest way,with a priority for the existing original shareholders to buy them in first.
Necessary conditions for adding extre shares will be very strict. A share dilution will not be possible & executed unless all of the following conditions have been fulfilled:
1.Cumulative Dividend/share reach to 0.032BTC,i.e. twice as much as the original price per share.
2.Big events/progresses in our future which lead to a big investment.
3.Any dilution will not be allowed before Aug.1st,2014.
Besides conditions above ,we promise that :BTCSEA CO.,Ltd will never add more than 1,000,000 shares per year and the existing original shareholders will be given a priority to buy them in.
NOTE: Such a possibility will never equal to a necessary action, additional shares will not be accepted unless we have no other option.
Big return with risks
To compare with other mining-projects,lets assume we occupy 25% of the entire network hashrate as a conservative estimate, which equal to around 900+BTC/day(plus transaction fees), shareholder will then be given around 0.0001/share/day (as there must be some income of hardware sales and cost of operation),a breakeven of share price from dividend alone can be expected within 6 months from the day we have a 25% portion. And let's not forget you would still have your share of stock which has market value usually higher than the IPO price on top of that. In addition, any growth of occupation or sales of hardware can greatly accelerate this process.
Our targeted goal is to maintain 35% of the entire network hashrate in the long run, it is a difficult but achievable goal and we are well prepared to meet the challenges.
Nevertheless, since our chips are still in the stage of TAPEOUT and haven`t been tested fully in a production enviornment, however confident we are about our design, risks are still there.
Features
We have an advantage on the speed of deployment,an introduction of this will be given on http://www.btcgarden.com/deployment.jsp later.
We will keep Taping out & deploying till we achieve our 35% occupancy goal. Even then, we would be constantly planning for the future growth of the network and be well prepared to meet any additional requirements.
We seem ASIC mining as a longterm project, R & D will never stop as long as we are still in business.
Instead of the cheapest TAPEOUT method of MPW, we chose Full Mask with our 1st-generation chips because it is the fastest and most efficient method for mass production. It has already started. We will have 200TH+ chips in hand soon.
Supervision,Communication,Q&A:
In general, channels of communication include: the Official thread at bitcointalk.org, the official email of btcgarden.com.
Additionally, an exclusive discussion board (FORUM OF BTCGARDEN.COM, link:http://www.btcman.com/btcgarden) for our shareholders has been completed. It is in english/chinese, shareholders shall be able to create an account and participate in this forum.
Besides routine report-videos updates at http://www.btcgarden.com/videos.jsp ,we will invite several shareholders to be supervisors of BTCGARDEN. These guys could be voted or recommended from community.
Warnings:
including but not limited to the following
1. There are still several risky factors which might lead to a failure of this project such as:
the failure of our chips;
the failure of first batch`s Tapeout ;
the illness or other severe health or life problems of issuers;
Natural disaster damages of our mining-rooms...etc.
2. While we have done everything we can to prepare for the deployment of our first 200TH self-mining machines. We can not guarantee there won't be any problem with the deployment until we run and test the systems in the designated data centers for prolong period of time. Therefore, there might be unforeseen difficulties which might delay the full deployment of the first 200TH systems. However, it is in everyone's best interest to have the systems deployed as quickly as possible, so rest assured that we will do everything in our power to achieve that goal and start the manufacture of our second batch of chips.
3. Besides the problem of inadequate productive capacity of SMIC, delays due to other unforeseen circumstances are still possible.
Failure:
It will be regarded as failure IPO if less than 500,000 shares have been sold out finally(before Jan 1st,2014), BTCSEA CO.,Ltd will then return BTC to all investors in 100% after we confirm this failure.
Q & A
Q:Do you guys have any relationship with ASICMINER or AVALON?
A: No, but we do have a similar background. We also had some contacts with them through either IM tools or in person, although some of their thoughts / behaviors are hardly accepted by us.
Q: how to guarantee the transparency ? I know that a 100% provable openness is impossible in BTC world,but what can you offer as your best?
A: A routine video will be made & uploaded every day to show out how much we have digged out. It will be better than pure pictures or photos which can easily be photoshopped. And we are always open to other suggestions to increase the transparency and openness of our business for the benefits of all shareholders, private or public.
Q: Is there a list to show out all the solutions of those possible accidents? For instance, chips broken within first year; unexpected huge hashrate influent our income so much;equipments in the machinery rooms get stolen; Website get hacked;how long time is needed for deploying the first 100T;how to define the”first year”, if there are some offline-days in the first year, is any kind of compensation/refund offered…etc.
A: Some of the risky factors are inevitable, it is the nature of this business. Price to earnings ratio of a typical company in a major stock index is around 20. For us, it is less than 1. So bigger rewards does mean bigger risks. However, we will make every effect to let investors knows the exact reason and cost of any such events.
Q:Companies like KnCMiner claim 28nm ASIC. I recall another person (i cannot recall the name) mentioning they were in the works for creating 28nm asics, will it crush yours?
A: In the present case (hundreds T size) , 28nm is simply not cost effective, while it will save some money in maintenance cost due to lower power consumption, the additional production/design cost will more than 10x the saving. With a rough calculation, 28nm would probably get a real advantage after hash rate achieve 50k+TH. The thought that 28nm & 45nm is "better" than 130nm is purely amateur, which nm number to choose depends on many factors such as production cost, maintenance cost, production capacity and speed of turnaround for addition chips, etc.. In addition, good optimizations in both FPGA and ASIC can increase the function of chips dastically. Even for 130nm/110nm, there are still many aspects that can be improved. We have no idea about what the real plans of those 28nm projects are. I am not saying that theirs are fake, but I see no reason to develop 28nm at the moment, cost is way too high and benefits are marginal at current time.
Q:What is your main purpose for this IPO?
A: 1 We need money for our second batch of chips, which equal to 300T+ hashrate. Since we need to order the wafers in advance to avoid any delay in production, it will be too late to pay for it if we use the bitcoins we mine from our first batch after September.
2 As the nature of bitcoin world, we would like to decentralize and share our incomes with community while lower our risks.
3 BTC-based stocks are beneficial & helpful & useful for bitcoin`s promotion in our opinion. Also, as a necessary part of our company, we hope to issue this stock as a trial implementation of capital operation.
4 All of our shareholders will be our promoters, helping us to grow even faster
Q: any info of your second generation chips?
A: Most likely it will be 55/40nm chips and, LAYOUT & TAPEOUT within this year.(maybe tapeout together with our 1st-gene chips from then on)
Q: The current Btc-stock-platforms are rudimentary and immature, unforeseen events might be too dangerous to potential investors.
A: Nothing can be absolutely safe . As a matter of fact, BTC and all of its supporting facilities are rudimentary ,imperfect, and full of variables. However, It is the duty for all of early investors to undertake these risks . To compensate for the risk, BTC stock do offer much more attractive price/earnings ratio than traditional stocks.
Q :Do your team has enough confidence on Btc in long term?
A: Yes, although there are still several really big problems exist on Cryptography currency, they are solvable and worth paying for .
Q : Have you considered "board seats"? Benefits to larger share holders?
A : There is no discount for larger holders. No extre infos for bigger shareholders either.
Purpose of this ipo
A: we need money for our second batch of chips ,which equal to 300T more hashrate,since we need to order the wafers in very advance,it will be too late to pay for it if we use the bitcoins we can mine out on Sep.
B: As the nature of bitcoin world, we would like to decentralise and share our incomes with community.
C: BTC-based stocks are beneficial & helpful & useful for bitcoin`s promotion in our opinion, also, as a necessary part of our company, we hope to issue this stock as a trial implementation of capital operation.
D: All of our shareholders will be our promoters, helping us to grow even faster.
Current situation
Hashrate of our first batch will be around 200-300T(depend on whether & in what extent we over clock our chips).By and large,we have prepared everything well,which means that we can start hashing immediately after we take the chips.The proportion of distribution of our chips on mining-hardware and self-mining-room depends on several factors like : how many orders we can have, the practice efficiency of our demo-hashing-room, the ROR of each of them..etc... it is also worth mentioning that we will start both aspects at the same time.
To compare to other teams,we at the moment have an advantage of deploying mining-rooms rather than sales&marketing. We will deploy our rooms in 3 cities (Beijing,Xi An,ShenZhen) in the meantime. Relatively, we are considering to accept outsourcing in terms of the sales & marketing & promotions of our user-mining-hardwares.
Steps of our goal:
a) we will DIY-deploy our first batch of 200T at Shenzhen/beijing/Xian/Suzhou simultaneously once the chips finished.
b) An extra 300TH will be in hand after we finish deploying the first 200TH(which might take us 1-2months) because we will order new chips just after the moment the first batch of chips pass test,the new 300TH will be a very powerful preparation for our future. (we can save 50 days at least by order it in advance.)
c) we will then keep DIY-deploying our chips,and maybe outsource the sale of our user-mining hardwares.
d) The 2nd-gene chips will be finished Layout and start TAPEOUT within this year (maybe tapeout together with our 1st-gene chips from then on)
We plan to finish deploying 200T+ before the end of Nov,2013.We will then start our next generation chip`s research & keep adding new hashrates as much as we can (up to 35% of the whole network)
Financial Management
BTCSEA CO.,Ltd will be in charge of all IPO funds. Advices and suggestions from shareholders are always welcome, but we reserve the right to make the final decision. We will keep updating our website to make our operation as open and transparent as possible. Any big reinvestment to add new hashrate or to develop new generation products will be announced well in advance.
Basicly our Financial Management will be
* We use the first batch of 3 millions dollars IPO funds for :
Mass production of 1st gen chips to a big amount (exact no. might depends but 500TH as minimum beside the 200TH we have already paid),
deploying all of them.
the research and Tapeout (samples with fulll mask) 2nd gen chips (40nm most likely).
This process might last several months.
* the Mass production of our 2nd gen chips might be a possible reason to launch our 2nd batch of shares.
* All of cost expense (incl.electricity ,rent,salary..etc) will be deducted from our income, the rest of which will be fully paid out as share dividends.
Tech Exhibition
a) Project Milestone i. March 15th: Signed the confidential contract with the IC manufacture and got the library for synthesis and layout.
ii. April 10th:RTL design, optimization and simulation were finished. Data to predict the specification of actual chips generated.
iii. May 16th: layout Version 1 finished.
b) ASIC brief introduction
SMIC 0.13um;
Core Voltage: 1.2V;
I/O: Voltage: 3.3V;
Core Frequencey: 400MH/s;( @vdd 1.25V);
Number of Pads; 64;
Package lqfp64;
User-mining-hardwares
1. Price for our “Garden Miner" will be 0.45BTC/GH, the prices of all models can therefore be calculated. This price is based on shipment Date: the end of Aug/start of Sep, any delay of shipment will lower the price.
2. Models of "Garden miner" include : 24GH,48GH,96GH,192GH, power consumption is approximate 5W/GH, i.e., the biggest 192GH `s Power consumption will be around 1KW.
3. Hope the "Plug and play" functionality will be added in the first generation("Simple-operation "is always our persuit, but we cannot 100% sure we can do so in the first gene)
Deployment:
An introduction will be updated soon.
Full Mask at SMIC:
In stead of the cheapest TAPEOUT method of MPW, we prefer Full Mask with our 1st-gen chips,which is the fastest and most efficient method for mass production.
Foundry Service Request forms with SMIC:
UPDATE:We may sell it at china and deploy a new hashing-house at USA.(100TH+) this house will be a big one and later replace with 40nm chips.
so ,anyone who r interested in resell/deployment on USA plz contact me.
by QQ plz.(we have a qq group gathering many US guys ,so we probably build up a team there later.like WA state with the cheapest power price)
QQ s link: http://imqq.com/ plz msg me your qq number after you apply one.
----------------------------------------
our first gen blade is going to be sell at btcgarden.com very soon.
Product 1: blade
this product will be shipped within 10days.
it should be 10-11GH/blade and it is recommand to combine two of these blades as a whole to get a self-support structures,therefore,our produce is acutally 20-22GH per set.
price: 2.7 Btc / set/ 20GH
technical features :
Single chip 350MH/s~400MH/s,32 chips per blade
Power Consumption 8W/GH/s,80-100W per blade
Power supply:12V
Our blade will be perfectly programed and easy to use. We will give the required power supply information and the user guideline for the blade, buyers just need to modify the mine pool and miner information .
Product 2: first generation chips of 130nm
this product will be shiped on Dec.5th,2013,at which point our 2nd batch of 1st generation 130nm chips will be finished and ready for shipping. All documents needed will be open sourced in advance to let our customers do the preparation.
Our chip can work very well at 350MH/s/chip on 1.2v.
price: 0.025 BTC/GH ,MOQ 10TH (30000 chips,around 15 wafers)
technical features :
Package: LQFP64 10*10 gold line
Working Freuency:350MH/s~400MH/s
We will provide the complete chip user guideline, so buyers can use our chips on the PCB we provided or self-design PCB.
Product 3 : Documents of LAYOUT & GDSII & related supports of first generation 130nm chips
Custmer of this product can layout our 1st generation chips with Fab(smic) directly.
We will also offer all supports needed through the whole technological process.
price: 2000 BTC
technical features :
SMIC 130nm process, single chip speed will be 350~400MH/, we can provide 65nm,40nm or 28nm design according to buyer’s need, also we can help you to tape out your chips.
hi all,
---------
Our first gen asic miners are hashing. everything looks fine by far. (chinese version: http://bbs.btcman.com/forum.php?mod=viewthread&tid=3774)
video: http://www.youtube.com/watch?v=qChofuFntMQ
Pics:
----------
our first gen blade is going to sell at btcgarden.com very soon. (video s avaible in the official thread)
Product 1: blade
this product will be shipped within 10days.
it should be 10-11GH/blade and it is recommand to combine two of these blades as a whole to get a self-support structures,therefore,our produce is acutally 20-22GH per set.
price: 2.7 Btc / set/ 20GH
technical features : coming soon
Product 2: first generation chips of 130nm
this product will be shiped on Dec.5th,2013,at which point our 2nd batch of 1st generation 130nm chips will be finished and ready for shipping. All documents needed will be open sourced in advance to let our customers do the preparation.
Our chip can work very well at 350MH/s/chip on (v w)
price: 0.025 BTC/GH ,MOQ 10TH (30000 chips,around 15 wafers)
technical features :coming soon
Product 3 : Documents of LAYOUT & GDSII & related supports of first generation 130nm chips
Custmer of this product can layout our 1st generation chips with Fab(smic) directly.
We will also offer all supports needed through the whole technological process.
price: 2000 BTC
So far we are too busy to reply all mails we got, sry. And since we have already cancelled our IPO, we can hardly establish the Trust Mechanism if we prefer any kind of "distributors mode" currently.
The shortage of fund is also an immediate problem we are facing, we have to find some solutions in 10-20 days.
Anyone interested in "Sales agent" please msg me your QQ with the info&ID of talk please. (download this software from here: http://www.imqq.com/) . To shorten the time costs, we ll v prefer those experienced ones.
BR
aiwill
IMPORTANT NOTICE
Due to some unexpected legal risks we met last week, we have to, cancel this IPO and buyback/repurchase entire two million shares of BTCGARDEN we issued at btct.co.
We will buy back all shares with the whole price of 32064btc. I.e,we will pay for commissions to let all shareholders get back their Bitcoin with the price of 0.016btc/share.
I would like to say thank you & sorry to all of our investors/supporters/ potential investors in advance before I explain the whole affair. Thank you for all of your trust and support, sorry for the final decision we have made.
The whole story:
In August 05th , 2013, a chinese BTCer posted threads/mailed us several times at btcman.com with extreme bad tone, threatening that he need to inspect and review our company to see whether we are real and trustworthy, otherwise he would do something bad to us. Being the nature of the business, such request can not be satisfied. So we agreed that we could buy back his shares on btct.co.However,he asked for a higher price and require us to transfer the Bitcoin to him first. We then searched for his email address and his account on net, what shocked us was that he has a long history of cyber-fraud activities in china, he did not even change his ID and email in the past several years and due to the terrible chinese laws, he has not been arrested.
With those information, we realize that we were being extorted and obviously refused to transfer first.We banned his account at btcman.com after he continued to attack us there. One day later, he opened a new thread at bitcointalk`s chinese board and post a reply at our official thread in chinese as you can find, saying full of lies and persuading other people to join his group to against us. Although he cannot even speak english, an english spoken shareholder still talked with him through IM software&google translator and helped him to find out some personal info of one of our staff of btcman.com. (not btcgarden). The racketeer then reported our staff/sites/this BTC-IPO to police with several completely falsified evidences such as:
* He accused us of asking people in China to first buy bitcoin from btcsea.com and then use those bitcoins to purchase shares from btct.co. This way, it would appear that we are collecting RMB almost directly from the end purchaser. Fact: we never did such thing, btcsea's traffic wasn't much different in those days of IPO as any other day before that.
* He accused us of ponzi scheme in our IPO, and claimed that he has lost of a lot of money because of that. Fact: when he first started the thread on btcman.com, stock price was slight higher than IPO price. After that, stock price stayed close to IPO price all those days, so how could he possibly have suffered massive lose because of this. And he forgot to mention we agreed to purchase back the share at IPO price as long as he would transfer first so he could avoid the "MASSIVE" lose.(BTW:he has only 1 share of BTCGARDEN at the moment)
After discussing inside, we decide to stay away from the IPO at this point as the fairness of laws in this area are full of big uncertainties. We hardly undertake such an undefined risk especially with many scamers out there seemingly targeting the bitcoin companies in China .
(Latest update: currently, a lot of teams in china are planning IPO at BTC community ,some of them do not even have an creative & original prospectus ,which in our side,make this even more dangerous.)
We therefore have to give up this IPO and repurchase all issued shares. Hope all of you can understand this.
Procedures:
We have already confirmed the whole process with Burnside (manager of btct.co),
1 We will lock the trading of BTCGARDEN at btct immediately.
2 We will then send the whole 32064BTC and submit the repurchase request to Burnside from backstage, he will then run the proper script to execute this request ASAP.
3 All current shareholders will get your BTC back into your account immediately,at which point you can withdraw it freely.
All of above will be finished in 24-48 hours from the time you see this notice.
Future plan:
1 .We will not issue any other asset until we can fully build up our new company oversea(hopefully soon), or laws in China become clear about bitcoin (not hopefully, imo, many laws are intentionally vague so they can interpret them in a way that best suit their interest)
2. Our ASIC project will be switched to a "self-miner+seller"mode,i.e. we will only use our own money and mining-income to invest our enterprise and sell chips/mining-hardwares with only BTC and B2B accepted. Needless to say, this will cause a huge funding shortage and we have no choice but to change our previous plan so much.
3. Btcman.com will be changed to an international site with english info included.(BTW:all english editors/journalists who are interested in this please mail us. We have almost finished the new layout of btcman.com, as some of our members might already knew.)
4. Any questions/suggestions from our previous investors are very welcomed, please mail me through your email of btct account. (FYI: messages/mails with regards to direct-investment to us is discussible but please keep in mind that this mode will be very hard to most of you because you can not sell it as easy as stocks)
5. We have backed up the list of our investors, we will think about what we can do for all of you later on. (a discount for our hardwares/other products might be possible)
Again, thanks to all our supportors.
Finally, special thanks to a big name at Bitcoin community, whom might not want his id be mentioned here despite he has already been well known as a nice & successful BTCer.
A project of ASIC bitcoin mining is ongoing by our group, named btc-garden (www.btcgarden.com). At the moment, we are at the stage of TAPE OUT.
We have started our project since Feb.2013.Also, according to our timetable, we will have around 100T hashrate online on this August or September as our best situation. The following paragraphs are written to give out a brief introduction of this item. A relative detailed version will be posted on this board & our website at the beginning of June, 2013. Any questions or advices are welcomed in this thread.
A brief introduction
Please link to: https://bitcointalksearch.org/topic/eyes-to-the-horizon-a-bitcoin-asic-project-will-be-announced-in-june-213172
Details of BTCGARDEN
[Business Name] BTCGARDEN
[Business Location (city/state/region/country)] BEIJING/SHENZHEN/XIAN/CHINA
[About your Company] BTCSEA CO.,LTD, registered at HongKong in April,2013.Offices located in Shenzhen,Shanghai,Beijing,Xi`an,for mining-devices sales/ self-mining managements/websites maintenance.
[Company Website URL] www.btcman.com; www.btcgarden.com;
[Linked-In Profile URL]
https://bitcointalksearch.org/topic/btctco-ipo-cancelled-btcgarden-miner-eyes-to-the-horizon-264696
https://bitcointalksearch.org/topic/eyes-to-the-horizon-a-bitcoin-asic-project-will-be-announced-in-june-213172
http://bbs.btcman.com/forum.php?mod=viewthread&tid=3774&extra=page%3D1
http://www.btcgarden.com
Overview:
BTCGARDEN-Stock was created for a project of ASIC bitcoin mining that is ongoing by our group, named btc-garden (www.btcgarden.com). At the moment, we are at the stage of TAPE OUT.(LAYOUT finished in May)
We have started our project since Feb.2013.According to our timetable, we will have around 200TH hashrate online on this Oct as our best situation.
Initial Offering:
4,000,000 shares of BTCGARDEN,which occupy 40% of BTCSEA CO.,Ltd`s market value, will be made available to the public at btct.co. First 2,000,000 shares will be put up in value beginning at 0.016 BTC/share ,the rest of 2,000,000 shares will be issued with higher price.I.e.:
2,000,000 shares @ 0.016 BTC (1st batch)
2,000,000 shares @ higher than 0.016 BTC (2nd batch)
Here re lines about the 2nd-batch.
2nd batch of BTCGARDEN will
*be impossible to issue before we reach a significant milestone in the development of our project.
*a portion of 2nd batch shares will be used for "protecting the interests" of our shareholders,which means that there is a possibility that we will not issue all of the 2nd batch of 2,000,000 shares in future. I cannot expand this at the moment but I d like to say this could be a very good deal/offer to all our shareholders.
*Certainly , the price of 2ed will be higher than the 1st.
The other 6,000,000 shares are held by investors of BTCSEA CO.,Ltd ,which are not available and limited to open in next 2 years. Pass Through stocks based on these shares are prohibited in next 2 years as well.Public shareholders have no such restriction.
Each share has the same dividends and there will be no more additional shares to be brought in unless with a proclamation in advance, which, mostly likely,caused by a big movement/progress/project(examples:new generation of 40nm chips / full custom design systems / new large-scale hashrate deployment ). To protect the interests of shareholders,it will be strictly controlled by terms of share dilution.
Shares
Initially,every one share of BTCGARDEN represents to 1/10,000,000th of the dividends of the whole 10,000,000 shares.
All of the mining and sales profits will be paid out to the shareholders of BTCGARDEN weekly through btct.co. At the earliest,we will be start from the middle of September,2013, while our first batch of chips(200-300T) will be arrive and start to be deployed.As time is precious in current stage of the business, we have already paid for this first big-amount batch ,all shareholders can therefore expect a quicker & higher return than normal.
Each share in public has no voting rights.
Guarantees & profits
As of July 2013, bitcoin net hashrate is at 200TH, 1000TH is a reasonable estimate at the end of 2013. We will concentrate on deploying our devices for self-mining till we reach 350TH, we expect to reach that milestone around end of the 2013 which will give us 35% occupancy of the whole net. We have already taken a big risk to tapeout our first batch of 200TH directly(without sample chips & prototype) since we have enough confidence on our Layout design. Furthermore, we will order the second batch of 300TH or more immediately after we receive/test pass our first batch. Therefore, to compare with those potential competitors, we could have a very big advantage on production capacity in this year. There are undoubtfully some risks involved with this approach, but the risk/reward ratio is highly favorable if we succeed. All shareholders will then be the main beneficiaries.
Reserved Rights
Issuer BTCSEA CO.,Ltd reserves the rights,including but not limited to the following:
1. To be in charge of the reinvestment of IPO funds.Pricing power of BTCGARDEN shares.
2. To compare with our huge expected income, the maintenance/company costs might be a small percentage in normal. However, any extra costs due to unforeseen accidents are still possible. We reserve the right to temporarily use the mining profit to cover such loss.
3. The power to make the decision on issue date& quantity & value of additional shares.I.e. the power of share dilution.
share dilution
Additional share offering will rarely occur unless we cannot get enough funds from our income. For instance,mass production for 40nm chips can be very expensive,there might be an additional program to collect the money in the fastest way,with a priority for the existing original shareholders to buy them in first.
Necessary conditions for adding extre shares will be very strict. A share dilution will not be possible & executed unless all of the following conditions have been fulfilled:
1.Cumulative Dividend/share reach to 0.032BTC,i.e. twice as much as the original price per share.
2.Big events/progresses in our future which lead to a big investment.
3.Any dilution will not be allowed before Aug.1st,2014.
Besides conditions above ,we promise that :BTCSEA CO.,Ltd will never add more than 1,000,000 shares per year and the existing original shareholders will be given a priority to buy them in.
NOTE: Such a possibility will never equal to a necessary action, additional shares will not be accepted unless we have no other option.
Big return with risks
To compare with other mining-projects,lets assume we occupy 25% of the entire network hashrate as a conservative estimate, which equal to around 900+BTC/day(plus transaction fees), shareholder will then be given around 0.0001/share/day (as there must be some income of hardware sales and cost of operation),a breakeven of share price from dividend alone can be expected within 6 months from the day we have a 25% portion. And let's not forget you would still have your share of stock which has market value usually higher than the IPO price on top of that. In addition, any growth of occupation or sales of hardware can greatly accelerate this process.
Our targeted goal is to maintain 35% of the entire network hashrate in the long run, it is a difficult but achievable goal and we are well prepared to meet the challenges.
Nevertheless, since our chips are still in the stage of TAPEOUT and haven`t been tested fully in a production enviornment, however confident we are about our design, risks are still there.
Features
We have an advantage on the speed of deployment,an introduction of this will be given on http://www.btcgarden.com/deployment.jsp later.
We will keep Taping out & deploying till we achieve our 35% occupancy goal. Even then, we would be constantly planning for the future growth of the network and be well prepared to meet any additional requirements.
We seem ASIC mining as a longterm project, R & D will never stop as long as we are still in business.
Instead of the cheapest TAPEOUT method of MPW, we chose Full Mask with our 1st-generation chips because it is the fastest and most efficient method for mass production. It has already started. We will have 200TH+ chips in hand soon.
Supervision,Communication,Q&A:
In general, channels of communication include: the Official thread at bitcointalk.org, the official email of btcgarden.com.
Additionally, an exclusive discussion board (FORUM OF BTCGARDEN.COM, link:http://www.btcman.com/btcgarden) for our shareholders has been completed. It is in english/chinese, shareholders shall be able to create an account and participate in this forum.
Besides routine report-videos updates at http://www.btcgarden.com/videos.jsp ,we will invite several shareholders to be supervisors of BTCGARDEN. These guys could be voted or recommended from community.
Warnings:
including but not limited to the following
1. There are still several risky factors which might lead to a failure of this project such as:
the failure of our chips;
the failure of first batch`s Tapeout ;
the illness or other severe health or life problems of issuers;
Natural disaster damages of our mining-rooms...etc.
2. While we have done everything we can to prepare for the deployment of our first 200TH self-mining machines. We can not guarantee there won't be any problem with the deployment until we run and test the systems in the designated data centers for prolong period of time. Therefore, there might be unforeseen difficulties which might delay the full deployment of the first 200TH systems. However, it is in everyone's best interest to have the systems deployed as quickly as possible, so rest assured that we will do everything in our power to achieve that goal and start the manufacture of our second batch of chips.
3. Besides the problem of inadequate productive capacity of SMIC, delays due to other unforeseen circumstances are still possible.
Failure:
It will be regarded as failure IPO if less than 500,000 shares have been sold out finally(before Jan 1st,2014), BTCSEA CO.,Ltd will then return BTC to all investors in 100% after we confirm this failure.
Q & A
Q:Do you guys have any relationship with ASICMINER or AVALON?
A: No, but we do have a similar background. We also had some contacts with them through either IM tools or in person, although some of their thoughts / behaviors are hardly accepted by us.
Q: how to guarantee the transparency ? I know that a 100% provable openness is impossible in BTC world,but what can you offer as your best?
A: A routine video will be made & uploaded every day to show out how much we have digged out. It will be better than pure pictures or photos which can easily be photoshopped. And we are always open to other suggestions to increase the transparency and openness of our business for the benefits of all shareholders, private or public.
Q: Is there a list to show out all the solutions of those possible accidents? For instance, chips broken within first year; unexpected huge hashrate influent our income so much;equipments in the machinery rooms get stolen; Website get hacked;how long time is needed for deploying the first 100T;how to define the”first year”, if there are some offline-days in the first year, is any kind of compensation/refund offered…etc.
A: Some of the risky factors are inevitable, it is the nature of this business. Price to earnings ratio of a typical company in a major stock index is around 20. For us, it is less than 1. So bigger rewards does mean bigger risks. However, we will make every effect to let investors knows the exact reason and cost of any such events.
Q:Companies like KnCMiner claim 28nm ASIC. I recall another person (i cannot recall the name) mentioning they were in the works for creating 28nm asics, will it crush yours?
A: In the present case (hundreds T size) , 28nm is simply not cost effective, while it will save some money in maintenance cost due to lower power consumption, the additional production/design cost will more than 10x the saving. With a rough calculation, 28nm would probably get a real advantage after hash rate achieve 50k+TH. The thought that 28nm & 45nm is "better" than 130nm is purely amateur, which nm number to choose depends on many factors such as production cost, maintenance cost, production capacity and speed of turnaround for addition chips, etc.. In addition, good optimizations in both FPGA and ASIC can increase the function of chips dastically. Even for 130nm/110nm, there are still many aspects that can be improved. We have no idea about what the real plans of those 28nm projects are. I am not saying that theirs are fake, but I see no reason to develop 28nm at the moment, cost is way too high and benefits are marginal at current time.
Q:What is your main purpose for this IPO?
A: 1 We need money for our second batch of chips, which equal to 300T+ hashrate. Since we need to order the wafers in advance to avoid any delay in production, it will be too late to pay for it if we use the bitcoins we mine from our first batch after September.
2 As the nature of bitcoin world, we would like to decentralize and share our incomes with community while lower our risks.
3 BTC-based stocks are beneficial & helpful & useful for bitcoin`s promotion in our opinion. Also, as a necessary part of our company, we hope to issue this stock as a trial implementation of capital operation.
4 All of our shareholders will be our promoters, helping us to grow even faster
Q: any info of your second generation chips?
A: Most likely it will be 55/40nm chips and, LAYOUT & TAPEOUT within this year.(maybe tapeout together with our 1st-gene chips from then on)
Q: The current Btc-stock-platforms are rudimentary and immature, unforeseen events might be too dangerous to potential investors.
A: Nothing can be absolutely safe . As a matter of fact, BTC and all of its supporting facilities are rudimentary ,imperfect, and full of variables. However, It is the duty for all of early investors to undertake these risks . To compensate for the risk, BTC stock do offer much more attractive price/earnings ratio than traditional stocks.
Q :Do your team has enough confidence on Btc in long term?
A: Yes, although there are still several really big problems exist on Cryptography currency, they are solvable and worth paying for .
Q : Have you considered "board seats"? Benefits to larger share holders?
A : There is no discount for larger holders. No extre infos for bigger shareholders either.
Purpose of this ipo
A: we need money for our second batch of chips ,which equal to 300T more hashrate,since we need to order the wafers in very advance,it will be too late to pay for it if we use the bitcoins we can mine out on Sep.
B: As the nature of bitcoin world, we would like to decentralise and share our incomes with community.
C: BTC-based stocks are beneficial & helpful & useful for bitcoin`s promotion in our opinion, also, as a necessary part of our company, we hope to issue this stock as a trial implementation of capital operation.
D: All of our shareholders will be our promoters, helping us to grow even faster.
Current situation
Hashrate of our first batch will be around 200-300T(depend on whether & in what extent we over clock our chips).By and large,we have prepared everything well,which means that we can start hashing immediately after we take the chips.The proportion of distribution of our chips on mining-hardware and self-mining-room depends on several factors like : how many orders we can have, the practice efficiency of our demo-hashing-room, the ROR of each of them..etc... it is also worth mentioning that we will start both aspects at the same time.
To compare to other teams,we at the moment have an advantage of deploying mining-rooms rather than sales&marketing. We will deploy our rooms in 3 cities (Beijing,Xi An,ShenZhen) in the meantime. Relatively, we are considering to accept outsourcing in terms of the sales & marketing & promotions of our user-mining-hardwares.
Steps of our goal:
a) we will DIY-deploy our first batch of 200T at Shenzhen/beijing/Xian/Suzhou simultaneously once the chips finished.
b) An extra 300TH will be in hand after we finish deploying the first 200TH(which might take us 1-2months) because we will order new chips just after the moment the first batch of chips pass test,the new 300TH will be a very powerful preparation for our future. (we can save 50 days at least by order it in advance.)
c) we will then keep DIY-deploying our chips,and maybe outsource the sale of our user-mining hardwares.
d) The 2nd-gene chips will be finished Layout and start TAPEOUT within this year (maybe tapeout together with our 1st-gene chips from then on)
We plan to finish deploying 200T+ before the end of Nov,2013.We will then start our next generation chip`s research & keep adding new hashrates as much as we can (up to 35% of the whole network)
Financial Management
BTCSEA CO.,Ltd will be in charge of all IPO funds. Advices and suggestions from shareholders are always welcome, but we reserve the right to make the final decision. We will keep updating our website to make our operation as open and transparent as possible. Any big reinvestment to add new hashrate or to develop new generation products will be announced well in advance.
Basicly our Financial Management will be
* We use the first batch of 3 millions dollars IPO funds for :
Mass production of 1st gen chips to a big amount (exact no. might depends but 500TH as minimum beside the 200TH we have already paid),
deploying all of them.
the research and Tapeout (samples with fulll mask) 2nd gen chips (40nm most likely).
This process might last several months.
* the Mass production of our 2nd gen chips might be a possible reason to launch our 2nd batch of shares.
* All of cost expense (incl.electricity ,rent,salary..etc) will be deducted from our income, the rest of which will be fully paid out as share dividends.
Tech Exhibition
a) Project Milestone i. March 15th: Signed the confidential contract with the IC manufacture and got the library for synthesis and layout.
ii. April 10th:RTL design, optimization and simulation were finished. Data to predict the specification of actual chips generated.
iii. May 16th: layout Version 1 finished.
b) ASIC brief introduction
SMIC 0.13um;
Core Voltage: 1.2V;
I/O: Voltage: 3.3V;
Core Frequencey: 400MH/s;( @vdd 1.25V);
Number of Pads; 64;
Package lqfp64;
User-mining-hardwares
1. Price for our “Garden Miner" will be 0.45BTC/GH, the prices of all models can therefore be calculated. This price is based on shipment Date: the end of Aug/start of Sep, any delay of shipment will lower the price.
2. Models of "Garden miner" include : 24GH,48GH,96GH,192GH, power consumption is approximate 5W/GH, i.e., the biggest 192GH `s Power consumption will be around 1KW.
3. Hope the "Plug and play" functionality will be added in the first generation("Simple-operation "is always our persuit, but we cannot 100% sure we can do so in the first gene)
Deployment:
An introduction will be updated soon.
Full Mask at SMIC:
In stead of the cheapest TAPEOUT method of MPW, we prefer Full Mask with our 1st-gen chips,which is the fastest and most efficient method for mass production.
Foundry Service Request forms with SMIC:
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