Topic: First ASIC in India (Read 19272 times)

friedcat wrote:

I know that some people are already working on a release for a BFL PCB board. Not sure about ASIC chip manufacturers through. All our discussions didn't go too well as CHip manufacturing is too expensive to start with.

Anyone developing ASICs in India yet?

some people looking at mining as sort of get rich fast scheme. it is profitable business, very profitable, problem with depreciation of asset same in most of other business. Larger asset you have more depreciation loses, but with annual profitability more then for example 140% mining is fantastic business. Entry point low too. it is attracting  investments. Network hash rate changing owners. But game is changed radically too, people used to get more money with less, now you have to put more and you will get less. Market forces, at some point this ASIC rush may slow down, but this point hardly visible at the moment.

I am sure, Pinwheel does not agree with me, but I believe mining now days is kind of zero sum game. BUT if there is any ASIC that can justify the price at this very moment its BFL ( Please I am not talking about Inaba and all that shit.. ).. nothing else.. But again, every one knows, I dont mine and hopefully now will never mine

Cheers

Congrats

Cheers

my mistake that was 06/23/2012 not May. total with extra for shipping cost 1600 usd, custom duty 4900.

Very nice PW. When was your order month?

that was first day order 06/23/2012, I made one more 2 weeks after that one.

I making too much money, no I dont think so, in last few weeks mining scene changed totally. In individual ranking I'm on  34 position with 300ghs. those guys on top, making money and see it is mostly new users with 6 digits account numbers.

Rank    ID    Speed
   215613   2,962.15 GH/s
   58814   1,644.15 GH/s
   6978          1,501.60 GH/s
4   211598   1,465.35 GH/s
5   57838   1,129.82 GH/s
6   58082   896.94 GH/s
7   68536   819.21 GH/s
8   72053   706.89 GH/s
9   1798       665.65 GH/s
10   74756   663.59 GH/s
11   220977     660.85 GH/s
12   240618   644.58 GH/s
13   240406   548.76 GH/s
14   112774   548.06 GH/s
15   56411   492.38 GH/s
16   237288   490.66 GH/s
17   208454   475.16 GH/s
18   221454   472.75 GH/s
19   239580   455.38 GH/s
20   220956   436.33 GH/s
21   242900   413.54 GH/s
22   24291   409.87 GH/s
23   211435   408.73 GH/s
24   203352   405.29 GH/s
25   221529   404.45 GH/s
34   127135   300.04 GH/s

Congrats dude, you are making too much money lol.

received today BFL 60ghs miner, powered it by Corsair PSU 750TX. there was power adapter in the box, but ... well it did not look so good as miner. Fixed it on my proxy machine running Debian and cgminer, 60ghs delivered as promised.
thanks BFL one more happy miner.

nice one bro !

Put the Bitfury post in a new thread. It is an awesome buy.

AM shares will continue to rise, little doubts about that. When, I first purchased shares, my decision was based on news that friedcat going to increase his mining hash rate form 9 tera to 25 tera, he increased to 30+. That resulted in increase in dividends paid each week and shares price went up.

At current situation, total bitcoins network hash rate is 131 ths. friedcat already got delivered chips for 100ths, from 200 ths of total chips been ordered and paid. Getting blades manufactured will not take much time, but to deploy such kind of mining is really huge job. Obviously, he will have to sale a lot from these 100 trh. It is 10000 blades 10ghs each. Next 3 months can be real busy time and exponential growth. After that Avalon chips and BitFury may create some competition as their devices will enter market. AM in any way in no loose situation, what ever they cant sale they will mine on it.

Also if looking in longer time mining prospective, this 200 ths chip are definitely will be last of current modification chips. 3-4 months and we can expect new chips and new devices from AM. That is kept in big secrete obviously.

Technology never sleeps and there is a lot advancements in ASICs design and validation on market. It resulted in reduced development time and reduction of development cost. By using existing basic blocks, libraries and schematics new ASIC chip can be designed in one month, add few months for validation of prototypes and here is new ASIC on the market.

Not a boring at all

Any speculation on the end value of each PT share?

it is 318 blocks to go  till difficulty will change. with current speed network making 180 blocks per day. So, till difficulty change we got less then 2 days. Next difficulty will be 19119512 plus 22%. With current bitcoins rate around 100 usd mining is not  a best investment.

Much better income will be from ASICminer shares. by  buying shares you are renting ASICminer hash rate and cost of shares which you holding growing too.

I purchased first ASICMINER-PT shares  on 16 April for 0.89 btc per shares, now one share cost 2.97. I made profit 398 btc in two months just by holding ASICminer shares.

BRO SHARE! Share with us we pay you upfront cash you can let us rent your server for a month

i India only thing which I heard is available, from user here Wilson, is FPGA cards, great start in mining.

Is BFL available in India?

thanks and welcome!!

BFL shipping all models from this week. All orders up to July 2012 will be shipped by using chips and boards which they already have in hands. I have two 64 ghs miners in this first batch.

Currently running 11 blades on HIGH clock and 11 on LOW. still have to sort out problems with adequate power supply and backup and heat removal. need to fix some sort of duct.  Currently mining only on btcguild and making around 10 btc per day with PPLNS payout.

If I can run all blades on HIGH clock that  will make good difference, like 5-6 blades extra.