Topic: Fast-Hash-400's 400 GH/s each (Read 8093 times)

You are right about the issues with running a minirig off of household power, but it is ridiculous to assert that the power costs of a 9kW 1.5Th/s rig would "eat up a vast amount of profit".  At current difficulty, price, and the average US electricity price ($0.12), power costs would be 0.29% of revenue.  At 76x the current difficulty, it would be 22%, similar to the efficiency of a dual 5970 rig today.

If you could deliver NOW, I would buy as many as I could afford.  However, you aren't delivering NOW, so I am interested in buying exactly zero.

Delivery time is much more important than Th/$ or Th/W in the current mining market.

OP, why are you asking what we would pay now if these 45nm products will only be available a year from now?


The "Virtual Mining Corp" site, as well as another site you own, axs.net (can2it), are pretty shady and are not what I would expect from competent engineers and businessmen.

From my observations:

• Optimistic case, you are a BitcoinINV type who has good intentions but is woefully unprepared for the businesses he runs.
  
• Worst case, you are a scammer.

Either way, I find it hard to believe that you will develop your own 45nm ASICs within a year.

To impress newbies?

Exactly, once I sent a coin to a girl who looks like that woman on their website, and guess what? She lost her mywallet password  

Zero

see how many get burnt this time 

now 31 

Thanks for being honest. We have somewhere around 28 fiat millionaires waiting to get rich in bitcoins.

Voted.
But I lied.

Still working on it.

your site looks like its made for 10$ by a indian .... it sure dosent look like a company who asks 15k for a product ...

It is good to know that your price point is at $8,000 per TH/s

Did you put the 24 in the poll?  If not please do.

Assuming that sales was done through a pre-existing company who grows own silicon and they could ship *now*...

I'd take between 8 and 24 units @ 15k each

but the window is closing on this- because soooner or later BFL is going to re-open sales on rigs... and then that money's committed.

Didn't. They do now, and if they were serious about manufacturing chips they would do their own research.


How do you propose to do this as the company you are working with has just recently heard about bitcoin, and is using a forum poll for research?


Would you be referring to These Joneses?

Not Virtual Mining, but the Semiconductor company.

A sucker is no longer born every minute...they are born every millisecond.

That's cute. The average doll house with an easybake oven?

Go check the power consumption of your oven and dryer and come back with your findings. I'd have had serious issues if I was capped at 3kW at my apartment.

A company called virtual mining didnt know what bitcoins were...then what were you guys mining with all this high tech computer equipment?

and how does that make you the "bitcoin mining experts"

Yes, but they didn't even know what Bitcoin were.

They could google Bitcoins if they knew about Bitcoins which they didn't.  Because you know about Bitcoin doesn't mean everyone does.  They did not know about them until I started talking to them about Bitcoins.  Management is starting to talk about them.  So this poll is trying to show them that this market is big, if you can deliver the goods fast.

*screen punched!*  (softly, lol)

Truth here - All this semiconductor company would need to do is use google to know they would have instant buisiness - This whole thing smells of scam - Although I will say if a company could make a PCB and use Avalon chips by ordering 200,000 of them and assemble thier own units they could make a ton of money selling them. - If only I had the knowledge and resources to do that 

Go ahead and punch your screen: 

I think a "major semiconductor company" has better research methods than unscientific polls via an internet forum.  just sayin...

And in any case there is more than enough evidence all over bitcointalk of the popularity and interest in asics. But if i see one more "we're building new asics, better than everyone else...are you interested?"  I'm going to have to punch my screen

So is the minirig, at jally power draws, a minirig needs 9KW of power each. It's a portable fire starter and neighborhood light dimmer, and the power bill will each up a vast amount of profit.

the average household only can pull 3kw tops if you run everything you have all at once.

cool i will buy fours

17 now.

Wow - lots of millionaires reading bitcointalk.org...

(100) One Hundred Units    - 16 (16.2%)

So you might be able to sell 1600 units at least  

let me know when is ready ..

Build it and they will come.

BadBear move the thread to speculation subforum no?

Now? If the prices aren't exorbitant... *throws bicoin piggy bank at kslaughter, provided escrow is used or he sends first*
Probably later? Nah. 

I'll second that - if you can deliver 400ghash now (as stated in your edited original post) I'll take one unit. Deliver next month and I am less interested, deliver in July or August and I'd probably get better $/hash from dyi asics or maybe/possibly BFL in stock items...

Be careful what you are asking.....

Easy math ( not exact, just easy): $15,000 = 150 btc. 400 gh/s = 15 btc / day. Break even = 10 days.

I'll take 10 please.

Ask me when 400 gh/s = 1.5 btc and I'll take zero.

Wow, you clearly haven't put any time into this if you can just reduce the cost of your asic by $15,000/50% 20 minutes after someone points out how ridiculous the price is. I thought you had already designed the machines and cases?


That would imply you've done some sort of cost analysis or at least opened Calculator. That one brain cell I had telling me maybe I'm wrong about this just killed itself out of embarrassment.


If you want to build asics, build asics. You'll have no problem selling them. But when you start selling shares and giving specs and saying how you can build them "better, cheaper, and faster than the other asics"... it reads scam. Build something, at least a prototype, and then come here and see what the demand is for it. If we have learned anything it is that building asics from scratch might be just a little bit harder than many realize.

By the way, what is "reduced risk which are greatly reduced over other ASIC's"? What risks are you referring to?

Yes, I know that, but a Major Semiconductor Company does not.

Did not say the it was Rack Mounted, it is Rack Mountable, only if you want it that way.

Just reduced it to $15,000.

Just got the web site put together, not trying to sell anything at the point.  Just trying
to get some information.  See updated poll above.

Depending on how it all shakes out I might be interested but I refuse to pre-order anything again.  There is no need to gauge interest around here, develop a product that can generate a 'fair' ROI without breaking the bank (or for that matter electricity costs) and you will be swimming in orders before you can upgrade your infrastructure.

Show us something that works and works well and I will show you an avalanche of new business.

For now, I will merely eat some

If these things have not actually been made yet, why 100nm, 45nm, and 28nm processes? Wouldn't you pick one during the design process? You're supposedly designing asics using all three according to your website, so you're designing the first gen at the same time as the second gen and third gen? Or you're designing three separate chips because you have more money and engineers than you know what to do with? A sort of competition between engineering teams to help motivate them, is that it?

Also, under Services, nothing happens when you click on Proven Designs In Our Fash-Hash Series, which I think is appropriate. Nothing happens when you click on any of your services, which may be the most honest thing about this whole scheme. Your domain was first registered in March 2013, but your website claims


So you're buying Avalon chips? Why not mention that here? I thought Avalon was 110nm, so now we're on our fourth different process. Then you're designing your own 45nm chips? What about the 28nm chips you have on your website? If you have designed the machines, where are the pictures? Where are pictures of the rack-mountable cases you already designed? Why is your website filled with photos of people in offices and not pictures of those? If you just put the website together I would think you would have put some effort into it before gauging the market for your $30,000 products. Every detail is going to be scrutinized when you're trying to sell something that costs that much money.

Are you insinuating you have at least two different chips producing two different hashrates? Last I checked. 6x3=18, and 6x4=24, and neither of those solutions =20


The "Gold Standard" would be the most efficient miner possible, not a machine that wastes resources on frivolous chips.
Because none of it is necessary, the excess increases initial outlay, and reduces ROI?
Let me be more blunt. Do you have working chips?
Are you saying Your mining coop has been running 8TH/s since February, and you're about to bring 80TH/s online?

I also forgot that BFL rig is self contain. Fast hand rig will be rack mount so add additional cost to buy rack and setup etc.... to the final cost.

BFL minirig was $30K for 1.5 Ths . Let say they double the price to $60K for 1.5Ths  . That will be around $40 per Ghs . Fast hand machine is 400Ghs  so 400 x $40 = $16K  .  That would be a fair deal, and a premium price around $20K will be the max that I will pay.

BFL 2.0

Typo, Wrong date should be May 2014, I get that changed.

I'm not going to buy at a HIGHER price per TH/s than I already have.
I paid $10000 per TH/s.

Thus, I'd be interested in ASIC miners at or below, say, $8000 per TH/s, especially if they draw significantly less power than the BFL ones.

" 100 Fast-Hash-800's** @ 800 GH/s each for a total of: 80 TH/s Specifications: 45nm 6 GH/s chip 75 chips per board 2 boards per unit Estimated retail value @ ~$60,000 each for a total of $6,000,000 (Estimated to be delivered May 2013)"

Delivering in May 2013??

Yes, you are right, if BFL continues to sell their now 1 TH/s rigs at $30,000, so if that is the case would you buy
at $15,000?

Just trying to see what the interest is here.

Just trying to find out what the interest is, not trying to sell anything here.

These are our Fast-Hash-XXX series, those are the Fast-Hash-XX series



Still working on the site.  It will be cleaned up soon.


"Fast-Hash Is The Gold Standard Of Bitcoin Mining Machines"


Why Not!


That is for me to know and you to find out.


The above is for our mining cooperative.

I paid slightly less than 30K for my [upgrade] order of two BFL SC miniRigs, with an aggregate hash rate of 3 TH/s - so why would I want to pay 30K for a measly 400 GH/s?

An absurd proposition.

more wannabe coming up?

The website name is a bit funny i think. A hint that the Asics are virtual only?

Add the zero - none option

You are right, I forgot about BFL unit, just did the ROI.  Of course, BFL has doubled their prices on all their units, so the 1 TH unit might be $60,000.

Working prototype demonstration before collecting money?

In regards to your landing page advertisement for "FAST-HASH-XX's":
Claim 80 GH/s from 4 modules, each producing 20GH/s. How can the modules produce 20GH/s if the chips produce 6?

Miner is priced in BTC at 75, Module upgrades priced in dollars at $1500. Why the discrepancy in pricing mechanism?

You claim the miner is AM3+ compatible, and contains an AMD 8350. Why?

miner gets 66MH/w, assuming it only uses 1200 of the 1500 watt power supply, 53 if it runs at capacity. (Avalon is 100 if memory serves)

2GB ram, upgradeable to 32GB. Why?

USB 3.0. Why?

All your product pages are the same placeholder. Why?
" AMC is developing ASIC chips on the 45nm and soon the 28nm process. AMC's ASIC 45nm chips will have fast speeds of 6 to 9 GH/s with low power usage." Do you not have working chips yet? How do you propose to get from no working chips to shipping in 2 months?

When clicking "read more" on http://www.virtualminingcorp.com/amc-more.html, the following shows up:

100 Fast-Hash-80's** @ 80 GH/s each for a total of: 8 TH/s Specifications: 110nm 282 MH/s chip 75 chips per board 4 boards per unit Estimated retail value @ ~$6,000 each for a total of $600,000 (Estimated to be delivered August 2013)

100 Fast-Hash-80's** @ 80 GH/s each for a total of: 8 TH/s Specifications: 110nm 282 MH/s chip 75 chips per board 4 boards per unit Estimated retail value @ ~$6,000 each for a total of $600,000 (Estimated to be delivered February 2013)

100 Fast-Hash-400's** @ 400 GH/s each for a total of: 40 TH/s Specifications: 45nm 6 GH/s chip 75 chips per board 1 board per unit Estimated retail value @ ~$30,000 each for a total of $3,000,000 (Estimated to be delivered March 2014)

100 Fast-Hash-800's** @ 800 GH/s each for a total of: 80 TH/s Specifications: 45nm 6 GH/s chip 75 chips per board 2 boards per unit Estimated retail value @ ~$60,000 each for a total of $6,000,000 (Estimated to be delivered May 2013)


There is much, much more, but I think this is enough to answer to for now.

45nm hey ... so we are looking at around Jan next year for delivery and Maybe November for your first working prototype?

I buy 1 SCAM please!

1.6TH I would buy a unit providing I could actually collect in person and then do a wire transfer or bitocin transfer to the value.

if thats 30k for 400GH unit then not a chance anyone would buy for that as BFL have their units at 1TH for 30k when they re do their design for it

Lack of substance on the website.
Smells fishy.

45nm eh?  What's your power efficiency?

based on your ship time i'd say i don't trust it, zero.  that and the website is giving me BFL deja vu

At $30K I can't even buy half a unit... curious to see your prices for smaller units listed on your site tough.

You left out the option of (0) zero units.

How many units would you buy?

If we could deliver the units NOW.

Specifications:

• Fast-Hash-400's @ 400 GH/s each
• 45nm 6 GH/s chips
• 75 chips per board
• 1 board per unit
• expandable to 4 boards
• expandable to 1.6 TH/s
• Rack Mountable
• Low Power
• ~$15,000

Just trying to get an idea of how many chips we could sell, so as to convince a Major Semiconductor Company that
they need to be in the Bitcoin ASIC chip market.

Not trying to sell anything!

See our Web Site:  http://www.virtualminingcorp.com