Topic: Community Miner Design Discussion - page 6. (Read 34221 times)

As far as this 'money problem' matters, I have a solution but before putting it forward, there is one thing I have to mention:

A problem is not a solid, hard entity stood by itself, A problem is  a perception of a situation made by us and labeled "A Problem".

Now being more (just a little more) specific:
In sidehack's community miner project case, the situation is not just a regenerated copy of the old story about poor genius  people with promising ideas, seeking an angel. more complicated, far more complicated, ...

First: we have Bitcoin with a total of 10 billion dollars of market-cap which is absolutely in danger because it is inherently designed to be a peer to peer decentralized network of computers with (almost) a normal distribution of hashing power. The ASIC attack to Blockchain protocol in last few years has put it in danger, and remember we are talking about 10 billion dollars worth of assets in danger.

Second: One should notice that it is not just about assets and money, it is about a dream and an enthusiastic community of believers. Right or wrong there are thousands and millions of people who care about the technology behind Bitcoin (like you and me), let's speak frankly about myself: I think if there exists a small window to freedom for humanity in contemporary history, it is definitively opened by Blockchain, and I'm not alone.

Third: Blockchain is about connecting people. money transfer transactions is just  sample (an important one though), it can be and is used for more complicated problems, cooperation being one of them.

And finally my solution: I think it is absolutely possible to raise money for a community miner project supervised by sidehack following this procedure:

1- We can implement a cooperative DAO like protocol on top of Blockchain in few weeks, not necessarily a full automatic , autonomous, trust-less, ...
Utopia like what Ethereum people were trying to implement and failed. At least for the start, there should be no reluctance of 'mixing' things up, using some human specific and non-mathematical objects like, hope, trust, help, swearing to god, good faith, etc.

2- We can establish first sample of such a semi-autonomous organization using our protocol with , say, 100-200 crazy people like me (and you?) , I call it NOAH project (thunder is coming )


3- at first, NOAH  recruits sidehack as its CTO or whatever, he redefines the project in a more economic way with more practical business targets, NOAH finances the project.

4- meanwhile, NOAH studies and selects regions and countries (like mine ) with good opportunities both in terms of electricity costs and availability of dedicated people for cooperation and investment, forms joint ventures with them, technically and financially supports them to use refurbished and retired miners (being reasonably cheap thus having good ROI if cheap electricity is available too)

5- NOAH waits and prays for its first fully custom designed community miner to blow the 800 lbs gorilla.

Did we ever get an answer to that question? I know the going theories that he was dead in a hole, or hiding out on a private island.

where is friedcat when you need him?

You've noticed, haven't you? All the community miners on this forum that have ever been made (for the most part, 99% sure correct me if I'm wrong) have been made from existing ASICs. We could get some guy that knows ASICs, all right, we just don't have the funding as of now for any projects, and even if they successfully made the ASIC, I doubt it would be cheap. They'd have to have a pretty high price to even roi themselves.

-removed for privacy-

I did some math last week which put a 620mV/550MHz S7 (3.7TH/800W) bought for $300 at pretty much the same breakeven time as one S9, and you could buy seven of them for the same money.

I'm definitely going to try and find time in the near future to get back around to TypeZero prelim design work, so on the off-chance that I do get access to new chips I'll already have a good framework in place.

I hope until then i guess I'll keep running my Alchemist 5 boards trying to get one looked at, I  donated one, dropped one and fuck it up it up beyond repair by beyond it needs a new PCB replaced . and my lowie s5 and Avalon 4.1 and s3 from time to time i let the s3 run solo on ckpools solo and eth mine and keep GPU mining  i'm buying two of the new AMD cards out on the first of July that i can count on. I'm looking to buy two S7 there in what i call a fair price range now I refuse to buy the S9 it's a mortal thing with me, i could have bought a S7 when it was as high but didn't and don't give a rats ass about the halving . i honestly believe it won't be bad just 12 + coins less and if it is SO what, it won't stop me .

Ive found out in life you can't really trust any one when it comes to money that includes family.

Everything you just named is a high-power single-die BGA (three strikes you're out), and most of those companies shutted down because they were evil and crappy.


Another good start point is several millions of dollars.


The best advice I can give anyone listening to anything I say is, don't trust anything to actually work out unless it's something that doesn't rely on anyone else but me. Even then, I don't always come through, but I've come to assume that anything I look foward to, which relies on someone else doing his job in a timely manner, will probably fail miserably. I'm working to get away from having to take in anchor customers to help pay for initial batches of new projects because, for every three anchors, one (I'll be honest, it's usually CrazyGuy) will pay up front and on time, one will pay a month late and one will completely flake out. This is a self-perpetuating cycle of crappiness. Point is, anyways, since the current "thing" is me being a tagalong in someone else's enterprise, I can really hope everything works out but there are way too many variables which are other people far away. So, only basic "this might happen" for now, and more actual real news later. Couple weeks, maybe a month. It's exciting, and I sincerely hope what I've been asked to help with goes through with their plans because their plans are totally good and not crappy for everyone ever... but we'll see.

If I do get to build something, it probably won't exactly fit the "open community miner" model completely, in that the software probably won't be completely generic and repurposable and such. But it should still be good, and it will definitely be open-sourced so folks can mess with it, and the hardware had darn well better be solid and affordable.

thumbs up  

When sidehack says stuff like this, you know it's good. I used to regularly track this thread, but as it became the same stuff every week, I stopped. Looks like I'll be keeping up with this thread, and if any more information comes up, or even pricing (if ever)  I'll be the first one to hop on I would much rather support a community miner than one made by a bigger company. Seeing people do this is great!

What happened to KnC Solar's, Spodoolies RockerBox, Cointerra, BFL and other shutted down companies chips? What about SFARDS? Their know how is really good start point for starting new chips. I personally belive that even 55nm chips heavily undervolted (0.3V) can run extremely efficient with modified design. Balanced speed and power draw with full custom design (no FPGA cells) may lead to really good efficiency with low manufacturing costs.

Please reveal us more information about your solution , I think everyone here is holding breath and refreshing this page more often than BTC price page

Radek
 

I like how that sounds.


Blockchain karma. This is the blockchain's way of compensating you for the grief last week with your transactions during the big spike...

- zed

It is good, very good opportunity dude, use it extensively and keep all the negotiations documented and legal. I'm following your works, you are great and among the few people who can make a difference, take care, it is about saving a very promising technology and a young community, seriously take care! . Looking forward for more and more great news from you.

Well it's something that's just come up in the last few days, basically I've been asked for assistance on a project with the benefit of being able to piggyback my own project on some of their resources. But since I'm just an assistant and tagalong I don't think I have the right to talk about anything yet. But yeah, it's an exciting possibility if it works.

Absolutely most interesting news I have heared in last couple of months ... looking forward for more info ...pleeeeease

I'm not sure how much I can talk about, and nothing's official yet, but I may have been given a solution to "no access to chips, no access to specifications and parts".

thanks for the reply and NO, it was polite quite enough ...
I have to apologize for not checking this thread last few days and missing the atmosphere. I'll digest your answers and put forward my issues very soon.

For the time being: nano meter ASIC race is about electricity cost vs investment if hypothetically we could fill the gap relatively and at the same time we had access to  cheap electricity we would be able to compete.

Analogically speaking if we were about 400 lbs or so, using our other advantages it would be possible to do something about the 800 lbs gorilla under consideration. This is how I see this sidehack project and 'our' access to cheap electricity.

It is actually 'our' access, I can and I'll share it with the community, I got some ideas about it 

The thing is the gap being so deep: no access to chips, no access to specifications and parts, nothing, nothing other than our money and our obligation to buy their exhausted stuff. bad situation man.

Along the same lines, my email signature:

"There are 2 rules for success:
1.   Never reveal everything you know. . . "

Well said    Sidehack would steal their thunder!!!! 

https://www.youtube.com/watch?v=vMakFPW2Dj0