Topic: Diablo Mining Company - page 49. (Read 96370 times)
I updated the plan to use BFL instead of ZTEX. Much cheaper to get of the ground and reaches full profitability much faster.
I just ran these numbers in another thread, this proves why I need to focus on green energy production:
Using the calculator at http://bitcoinx.com/profit/index.php using 1.5m diff, $5.00 BTC prices, $0.103 per KWH
BFL MiniRig is 25200 mhash @ 1250 watts for $15,295, 1.64 mh/$, 20.16 mh/w
Enterpoint Cairnsmore1 is 800 mhash @ 40 watts for $640, 1.25 mh/$, 20 mh/w
BFL single is 832 mhash @ 80 watts for $600, 1.38 mh/$, 10.40 mh/w
Lancelot is 500 mhash @ 25 watts for $500, 1 mh/$, 20 mh/w
BTCFPGA ModMiner is 800 mhash @ 40 watts for $1070, 0.74 mh/$, 20 mh/w
ZTEX 1.15y is 850 mhash @ 38 watts for $1359, 0.62 mh/$, 22.36 mh/w
FPGA Mining X6500 rev3 is 400 mhash @ 17.20 watts for $580, 0.68 mh/$, 23.25 mh/w
GPU mining is 2700 mhash @ 1050 watts @ $2600 for mobo, cpu, mem, psu, 4x 7970s, 1.03 mh/$, 2.57 mh/w
BFL MiniRig's peak profit is at 57 months at $22222.48, 145% return
Cairnsmore1 peak profit is at 57 months at $544.26, 84% return
BFL single's peak profit is at 47 months at $490.04, 82% return
Lancelot's peak profit is 57 months at $243.54, 48% return
Modminer's peak profit is at 57 months at $119.61, 11% return
X6500's peak profit is at 60 months at $25.78, 4% return
1.15y's peak profit is at 60 months at -$75.37, 5% loss
GPU mining's peak profit is at 24 months at -$917.51, 35% loss
Using the calculator at http://bitcoinx.com/profit/index.php using 1.5m diff, $5.00 BTC prices, $0.103 per KWH
BFL MiniRig is 25200 mhash @ 1250 watts for $15,295, 1.64 mh/$, 20.16 mh/w
Enterpoint Cairnsmore1 is 800 mhash @ 40 watts for $640, 1.25 mh/$, 20 mh/w
BFL single is 832 mhash @ 80 watts for $600, 1.38 mh/$, 10.40 mh/w
Lancelot is 500 mhash @ 25 watts for $500, 1 mh/$, 20 mh/w
BTCFPGA ModMiner is 800 mhash @ 40 watts for $1070, 0.74 mh/$, 20 mh/w
ZTEX 1.15y is 850 mhash @ 38 watts for $1359, 0.62 mh/$, 22.36 mh/w
FPGA Mining X6500 rev3 is 400 mhash @ 17.20 watts for $580, 0.68 mh/$, 23.25 mh/w
GPU mining is 2700 mhash @ 1050 watts @ $2600 for mobo, cpu, mem, psu, 4x 7970s, 1.03 mh/$, 2.57 mh/w
BFL MiniRig's peak profit is at 57 months at $22222.48, 145% return
Cairnsmore1 peak profit is at 57 months at $544.26, 84% return
BFL single's peak profit is at 47 months at $490.04, 82% return
Lancelot's peak profit is 57 months at $243.54, 48% return
Modminer's peak profit is at 57 months at $119.61, 11% return
X6500's peak profit is at 60 months at $25.78, 4% return
1.15y's peak profit is at 60 months at -$75.37, 5% loss
GPU mining's peak profit is at 24 months at -$917.51, 35% loss
This looks like its going to be an awesome expedition. Will you, or your company rather, be in possession of the most BTC?
I would like to say yes, but in the end, its up to the investors.
This looks like its going to be an awesome expedition. Will you, or your company rather, be in possession of the most BTC?
You probably want to post on this thread instead.
This looks like its going to be an awesome expedition. Will you, or your company rather, be in possession of the most BTC?
The poll ended 49 for, 64 against. However, most of the people who voted against this liked the plan but considered 1m impossible (although they gave no evidence to back this up).
So, another poll this time o see what the initial IPO should be: https://bitcointalksearch.org/topic/im-starting-diablo-mining-company-but-how-much-should-the-initial-ipo-be-for-78919
So, another poll this time o see what the initial IPO should be: https://bitcointalksearch.org/topic/im-starting-diablo-mining-company-but-how-much-should-the-initial-ipo-be-for-78919
I'm not an hardware expert so I concede to you.
The potential of an ASIC should be far more appealing of FPGAs: an ASIC can run at multi-Ghz frequencies, while AFAIK FPGAs are not yet reaching the Ghz barrier.
Also, after the (indeed enormous) development phase you can have new chips at a ridiculous low price, while high-end FPGAs are very expensive even for large quantities.
Of course FPGAs have a *lot* more in addition to ASIC, like evolving the bitstream as it become possible, but I don't know if that can be so useful for this project.
Anyway, good luck with your project
The potential of an ASIC should be far more appealing of FPGAs: an ASIC can run at multi-Ghz frequencies, while AFAIK FPGAs are not yet reaching the Ghz barrier.
Also, after the (indeed enormous) development phase you can have new chips at a ridiculous low price, while high-end FPGAs are very expensive even for large quantities.
Of course FPGAs have a *lot* more in addition to ASIC, like evolving the bitstream as it become possible, but I don't know if that can be so useful for this project.
Anyway, good luck with your project
I find this strategy far from optimal, spending so much for FPGA is not wise, with such an amount of money you should develop your own ASIC...?
It would cost about $10 million just to get to the first ASIC run unless you want really shoddy chips and/or SASIC (which isn't particularly much better than FPGA). Plus, shitty ASIC or the best SASIC designs at >=45nm is going to be pretty hard pressed to beat 28nm FPGA at mhash/$ and they'll be in the same ballpark for mhash/watt.
So, given that, I'd rather be the first major ASIC customer, and although I'd love for that to be my first gen hardware, I'm not seeing it happen.
I find this strategy far from optimal, spending so much for FPGA is not wise, with such an amount of money you should develop your own ASIC...?
I've updated the plan to further cover green cooling and power generation further.
tl;dr: Reducing operating costs is good, alternate income sources are also good, state and federal incentive programs are good as well.
tl;dr: Reducing operating costs is good, alternate income sources are also good, state and federal incentive programs are good as well.
https://bitcointalksearch.org/topic/should-i-start-diablo-mining-company-a-1m-btc-startup-78052
Started a poll. Vote now.
Started a poll. Vote now.
Okay here is the link for the promotional video I did on youtube for reputable bitcoin lending operations.
I made a few mistakes as to names but I think the general idea was made in a clear and concise manner
Here is the link for review:https://bitcointalk.org/index.php?topic=67446.0
I made a few mistakes as to names but I think the general idea was made in a clear and concise manner
Here is the link for review:https://bitcointalk.org/index.php?topic=67446.0
noted
This has easily been the most entertaining thing I read all week.
Small minds are easily amused. 
This has easily been the most entertaining thing I read all week.
This a very relevant issue for the future of the bitcoin and all its participents.
A mining operation of this scale can place a permanent stranglehold on the uprise of the bitcoin's price margin as well as ensure large amounts of coinage do not fall into unscrupulous hands.
I will definitely making positive reference to this as well as the BTK lending operation on a vlog I'll be posting today.
Great work and stay tuned
A mining operation of this scale can place a permanent stranglehold on the uprise of the bitcoin's price margin as well as ensure large amounts of coinage do not fall into unscrupulous hands.
I will definitely making positive reference to this as well as the BTK lending operation on a vlog I'll be posting today.
Great work and stay tuned
There are more errors. Your calculations assume 50 BTC per block, and this is going to halve during the first year of operation. If you get started after December 9th or thereabout, your block reward will start at 25 BTC.
No, I already included a disclaimer for that: I have not factored that in, and I think BTC prices will double because of it.Can't predict difficulty, however. I've seen it swing wildly up AND down.
There are more errors. Your calculations assume 50 BTC per block, and this is going to halve during the first year of operation. If you get started after December 9th or thereabout, your block reward will start at 25 BTC.
No, I already included a disclaimer for that: I have not factored that in, and I think BTC prices will double because of it.At 1.5m diff and prices north of $5: 54 BTC a day or $270 a day or $98,550 a year.
[...]
156 * 85 ghash is 13 thash, or enough to completely secure the cryptographic safety of Bitcoin, or make about $9.6 million dollars in the first year, assuming, again, difficulty does not greatly spike or prices do not greatly plummet.
The addition of 13 Thash/s will by itself more than double the difficulty. Mining is a game of diminishing returns. When your share of the total network get to large, you mostly compete with yourself. You at least need to take your own hashrate into account when calculating the resulting difficulty, and don't assume all other innovation in mining will stop.[...]
156 * 85 ghash is 13 thash, or enough to completely secure the cryptographic safety of Bitcoin, or make about $9.6 million dollars in the first year, assuming, again, difficulty does not greatly spike or prices do not greatly plummet.
No, I already included a disclaimer for that: I have not factored that in, and I think BTC prices will double because of it.
At 1.5m diff and prices north of $5: 54 BTC a day or $270 a day or $98,550 a year.
[...]
156 * 85 ghash is 13 thash, or enough to completely secure the cryptographic safety of Bitcoin, or make about $9.6 million dollars in the first year, assuming, again, difficulty does not greatly spike or prices do not greatly plummet.
The addition of 13 Thash/s will by itself more than double the difficulty. Mining is a game of diminishing returns. When your share of the total network get to large, you mostly compete with yourself. You at least need to take your own hashrate into account when calculating the resulting difficulty, and don't assume all other innovation in mining will stop.[...]
156 * 85 ghash is 13 thash, or enough to completely secure the cryptographic safety of Bitcoin, or make about $9.6 million dollars in the first year, assuming, again, difficulty does not greatly spike or prices do not greatly plummet.
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