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.

+1 buddy all the best!

Very nice. I kinda like KNC Miner too. Fast responses and they actively try to help with solutions.

I assume that you are on the first truck in September. Lucky Fellah!

preordered one

Saturn

looks like great deal and you does not have pay anything for preorder.

Orsoc company seems like very real thing and they confirmed collaboration with  kncminer

http://orsoc.se/orsoc-and-kncminer-are-partnering-up-to-develop-bitcoin-mining-products/langswitch_lang/en/

That is on the proposal table.
If KNC do a good reputation sell off before July, then there goes the trip.

Well hope for the best.
People on the forum did visit BFL ,i did read reports about the visits. BFL couldn't get the Prototype>Mass Production phase right i guess.

Pinwheel could sell his ASICMiners in September(after breakeven) at whatever Mh/$ ratio other companies are offering for additional profit over mining, if he wants to upgrade to2nd gen miners. He did mention that electricity costs don't matter much in his place, i guess.

Benson: Visiting Swedon.

I might be visiting KNC Miner in July to vet their product.

Have been speaking to their Marketing head.

Many people got misguided by hash rate calculators. those guys appears to be smart and giving gloomy prospects of how hash rate growing and growing and growing and reaching sky high numbers in future. Or you mine and make money or keep counting hash rate.

to win it you have to be in it!

most important concern was, how good those blades are. I ordered first two blade form first auction and tested them quite a bit, overclocked one on 1.3v under good cooling and got 16ghs continuous for 24 hours. these blades are very good and not kind of experimental product. it is industrial quality heavy duty use machines.

modular design extremely smart to. Suppose you have problem with network module, replace it, cost near to nothing, same with power module.not need to replace whole board. everything what these guys do seem so right, in our times of planetarial scale mess. it is RARE.

Cool man.

Other people are still shitting in their pants, deciding, to buy or not to buy.
The only thing im looking out for is the next die shrink.
Youll make more return, if no other miners come in September, which is very likely considering the BFL saga.
Knc miner sounds like Science fiction considering their Mh/$ ratio and the pics which the've put up on their website makes things worser.

7 more blades to deploy, can become around 260 ghs

That is very nice indeed.

Team India doing well on btcguild.com mining pool

ranked 6

6   Team India   163.80 GH/s

7   Australia   159.34 GH/s
8   bit nj   145.70 GH/s
9   Serbia   109.97 GH/s
10   Bulgaria   103.43 GH/s
11   Russian Federation   88.52 GH/s
12   Poland   82.62 GH/s
13   Krasnoyarsk   78.18 GH/s
14   Malaysia   75.48 GH/s
15   shanghai   65.59 GH/s
16   15890616066   57.91 GH/s
17   7944com   45.28 GH/s
18   Germany   40.87 GH/s
19   VIETNAM   38.88 GH/s
20   darcon   34.31 GH/s
21   Ukraine   31.40 GH/s
22   0000   30.92 GH/s
23   Finland   22.28 GH/s
24   DeathToGSP   20.98 GH/s
25   Croatia   19.33 GH/s

these two from first auction, that is why 20ghs, those first blades shipped not overclocked, now I overclocked them and it is 24-25 ghs.

Very nice

I think you'll live. I was talked out of investing e5000 before christmas even though I got a job specifically for investing in bitcoins and then they skyrocketed in february. I regret not following my own belief in bitcoin.

got some more, shipped in 4 days from China

price dictated by desirability. Two blades can mine 1 btc per day, it is 200% annual, not counting on rise in btc rate. so it can easy become 1000% annual, with very low risk investment.
 
Some more  auctions are coming, Possible we will see price like 100 btc per blade there, now it is proved an confirmed by community product.

If the timing was not perfect, this would have been way overpriced.

I paid 150 btc for two blades. I purchsed these btc on rate 5.6 one year ago, so it cost me  840 usd. Sort of reinvestment of profit 150btc on 150 is usd 22500 now.

I got it running by now, with power supplies from CCTV cameras. I'm getting 9.5 ghc on old server btcguild. I will install stratum proxy later on old nettop with Atom, so things will get better.

I regret I did not bid for more blades

You paid in BTC, 75 BTC.
If taking btc price as 150 USD, then it comes 11250 USD, which is 609187.50 INR.
Is that correct?

you paid premium & you got premium.
Eager to see it hashing at 25+ gh/s

Very nice!

26 Ghz's minimum from two blades, as reported by others, with overclocking will be around 30 Ghz's

Awesome.  20 Ghz's total?

picture, not connected yet. hope to get power supply from CCTV camera to work today.

they asked me to pay only, as long as I remember they never asked what it is before. courier guys only concerned to get paid.

Can understand the pain..

Dumb Crappers at the regulators offices in India.

Wanna hear a funny story ?

I ordered a tuner cum pick up for my guitar from ebay.COM, got held at the customs for 30 days and then I had to go & explain to them that it looked only LOOKED like a _______ cuz it had an LED screen.

Did they ask you what it was?

They asked me what my iPad was. Think it was among the first few international orders.

yeeesh... Not too much, bit still arbitrage.

4703 inr

How much for customs?

received today both my ASICMINER  Erupter Blades, did not tested yet waiting for power supply.

Never really looked up the ASICs stuff earlier; but I searched BFL Jalapeno and I got to a website with a variety of products and promptly to the checkout - so whats all the fuss? Late delivery?

Did you declare any price for your hardware to the customs ?

A simple calculation from ppobox.com tells me I will have to pay HUUUUGE customs fees :/

custom cleared by courier (Fedex, DHL, UPS), delivery guy will show you how much they paid for custom clearance and you give him money, that is all.
If it is your first delivery they may not charge you anything at all. Later like 800-1000 inr per parcel. UPS having worst rates for custom clearance.

My blades already in India, super fast shipping by friedcat!!

Any idea how customs may deal with it?

but  only Jalepenos, and for developers, not for general public. Seem like they stopped calling it Jalepeno not it is simple 5 GH/s Bitcoin Miner.

Real good thing is that all those annoying brats, who was screaming -"scam ... scam" can shut up now

http://ow.ly/i/1WUo4 - BFL Shipping finally!

bitcoins is amazing, you cannot find such huge number of people who are so sophisticated in their judgement and full poison, anywhere, they are all here.

Yup, Its just an advice, not an order.

well  .. thanks ... it is up to me to decide what to announce and what not. isn't it.

If you do, dont announce it publicly you are just attracting the attention that could be bad.

Very nice. Best wishes.

thanks, yeah I been around for a while, still have bitcoins from time it was 4.7 usd. Sold few thousand on that rate too. (hell of a money now) One year ago, it was hard to belie bitcoins will be 6 usd during my life time. never been seriously involved just playing in free time.

My BFL SC Singles will be shipped in first shipping batch.  Looking to buy few more ASICMINERS.

Congrats! You also have early BFL, so looks like you have been in the BTC for quite some time, it is certainly commendable considering not much btc awareness in India yet.

lol

Damn it, i confused Bitfountain company with Bitcoin foundation
https://bitcointalksearch.org/topic/asicminer-entering-the-future-of-asic-mining-by-inventing-it-99497

Hmm, how did the foundation get involved in this?

I do not have any idea what you talking about. Nobody command me anything. I just do not have time for for videos, photos and visitors.

I am not doubting your win.
I am doubting the shadowy bitcoin foundation doing nowadays.
I don't think any one will come & grab it, just like that, without knowing ur address or location.
Posting pics & videos not going to harm you.
But if bitcoin foundation, commands you not to show any one, by signing a NDA orally or in written, then its very bad.
I have some idea how much bitcoin dark side growing & how much greedy its getting day by day.

Works as well

I was just planning on cutting off the electricity to his house though.

This is INDIA.

To be honest there are just too many people who will have the temptation to bully him & take the hasher from him by force. If i were him I would do the same thing & be utmost secretive about this - this is specially keeping in mind that 90% of us geeks are weak & fragile & skinny ( unlike me ).

wait till next auction round, maybe next week, then you can try your luck and get few for your self too.

I can understand your trepidation; but I just wanted to get photographed with it

Anyways, good luck!!

Congratulations bro:)

I doubt if mine will reach in 2013.

I had cancelled my first order and reordered.

I got email from them few days ago, saying that my orders scheduled for shipment, so seems like real  soon, but nothing is for sure with BFL.

Hopefully BFL will start shipping soon as well.

do I have to provide any proves

THE WINNERS:
alexuk   BTC76
eb3full   BTC76
waterpowered   BTC75
LainZ   BTC75
Batteryfire   BTC75
Pinwheel   BTC75
Pinwheel   BTC75
pixel75   BTC75
MacDschie   BTC75
MacDschie   BTC75

Congrats.
But only guy who got ASIC in India & no video, no pic, no visit?
Is ASIC real?

thanks everyone.

I will not be making any videos or photos, sorry. Visiting is not possible also.

Wow, congrats!!

Now take your ASIC bulldozer and run us over  

PS: Would you mind showing off your setup to visitors?

Awesome! Make sure you make an unboxing video.. please 

great bro

 nice..

can be here by next week, it is ready to be shipped, PMed delivery address to friedcat today.

sure will update once it is here.

Wow.. 1st one from our country ..1 for the history books!

How soon will they ship it??
Do let us know abt ur experience once u get hands on those bad boys!!

Awesome stuff!!

thanks .. yeah that feels good

Congrats! This is history I'm the making...

I just won in ASICMINER Auction: 10 Block Erupter Blades
  
https://bitcointalk.org/index.php?topic=178275.400

I got two ASICMINER Erupter Blades for just 150 btc . Last seconds of auction was just mental, people appeared from nowhere and start posting bids.  huh ... need some refreshing drink