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Topic: -= Galaxy 1 - ASIC Announcement =- (Read 22113 times)

newbie
Activity: 56
Merit: 0
June 28, 2013, 05:05:11 AM
Lets recap the thread by going down FireFop's ASIC SCAM checklist:

1. CEO posting on forum?
2. Spelling and grammar errors?
3. Insane expectations re: development speed.
4. Accepting pre-orders.
5. Unrealistic pricing.
6. Dox quickly linked showing CEO has a history of scams.
7. CEO attempts to defend former scam(s) in the process revealing even worse spelling and grammar - even less understanding on the industry he's supposedly had experience in.
8. Someone breaks the business modem wide open using the numbers provided by the OP. Invalidates offering via economics and math.

Scammer Gets 8/8 (+1 bonus point for unknow mod helping with name change).

The scam rating is 112.5% (a new record!)

@MODS - Thread can be locked now - the fun is over.


Only thing that is truth in that list is that I am not a good speller or typist. Guess what, nether are you.

Hey Galaxy i will develop my own chip:

9.99$ per Ghash. Pre-order now! Minimum quantity is 500Ghash!

100 unit for me please and next day delivery.
legendary
Activity: 1904
Merit: 1007
June 28, 2013, 04:55:41 AM
Lets recap the thread by going down FireFop's ASIC SCAM checklist:

1. CEO posting on forum?
2. Spelling and grammar errors?
3. Insane expectations re: development speed.
4. Accepting pre-orders.
5. Unrealistic pricing.
6. Dox quickly linked showing CEO has a history of scams.
7. CEO attempts to defend former scam(s) in the process revealing even worse spelling and grammar - even less understanding on the industry he's supposedly had experience in.
8. Someone breaks the business modem wide open using the numbers provided by the OP. Invalidates offering via economics and math.

Scammer Gets 8/8 (+1 bonus point for unknow mod helping with name change).

The scam rating is 112.5% (a new record!)

@MODS - Thread can be locked now - the fun is over.


Only thing that is truth in that list is that I am not a good speller or typist. Guess what, nether are you.

Hey Galaxy i will develop my own chip:

9.99$ per Ghash. Pre-order now! Minimum quantity is 500Ghash!
newbie
Activity: 56
Merit: 0
June 28, 2013, 03:50:36 AM
Lets recap the thread by going down FireFop's ASIC SCAM checklist:

1. CEO posting on forum?
2. Spelling and grammar errors?
3. Insane expectations re: development speed.
4. Accepting pre-orders.
5. Unrealistic pricing.
6. Dox quickly linked showing CEO has a history of scams.
7. CEO attempts to defend former scam(s) in the process revealing even worse spelling and grammar - even less understanding on the industry he's supposedly had experience in.
8. Someone breaks the business modem wide open using the numbers provided by the OP. Invalidates offering via economics and math.

Scammer Gets 8/8 (+1 bonus point for unknow mod helping with name change).

The scam rating is 112.5% (a new record!)

@MODS - Thread can be locked now - the fun is over.


Only thing that is truth in that list is that I am not a good speller or typist. Guess what, nether are you.

With NO Photos, Videos and Youtube of your Asic Miners and those of your assembly house or your office. they require proof and evidence otherwise people will skeptical about your project.
legendary
Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
full member
Activity: 130
Merit: 100
June 27, 2013, 06:17:01 PM
Lets recap the thread by going down FireFop's ASIC SCAM checklist:

1. CEO posting on forum?
2. Spelling and grammar errors?
3. Insane expectations re: development speed.
4. Accepting pre-orders.
5. Unrealistic pricing.
6. Dox quickly linked showing CEO has a history of scams.
7. CEO attempts to defend former scam(s) in the process revealing even worse spelling and grammar - even less understanding on the industry he's supposedly had experience in.
8. Someone breaks the business modem wide open using the numbers provided by the OP. Invalidates offering via economics and math.

Scammer Gets 8/8 (+1 bonus point for unknow mod helping with name change).

The scam rating is 112.5% (a new record!)

@MODS - Thread can be locked now - the fun is over.


Only thing that is truth in that list is that I am not a good speller or typist. Guess what, nether are you.
sr. member
Activity: 420
Merit: 250
June 27, 2013, 05:31:56 PM
Lets recap the thread by going down FireFop's ASIC SCAM checklist:

1. CEO posting on forum?
2. Spelling and grammar errors?
3. Insane expectations re: development speed.
4. Accepting pre-orders.
5. Unrealistic pricing.
6. Dox quickly linked showing CEO has a history of scams.
7. CEO attempts to defend former scam(s) in the process revealing even worse spelling and grammar - even less understanding on the industry he's supposedly had experience in.
8. Someone breaks the business modem wide open using the numbers provided by the OP. Invalidates offering via economics and math.

Scammer Gets 8/8 (+1 bonus point for unknow mod helping with name change).

The scam rating is 112.5% (a new record!)

@MODS - Thread can be locked now - the fun is over.
legendary
Activity: 1904
Merit: 1007
June 27, 2013, 11:37:21 AM
...

Instead of posting some fancy numbers maybe post something relevant about your project.
legendary
Activity: 1775
Merit: 1032
Value will be measured in sats
June 27, 2013, 09:58:11 AM
i couldn't even be arsed to read your mumbojumbo mate.

Why don't quit yapping it and post some pictures of your supposed 1nm bitcoin miner which runs on fairy dust already.

there is no need. i have just invented a .5 nm asic. invented it right out of thin air

hey mate,

I heard about that btc.sx site, is it legit? Have you actually successfully processed payouts in the past?
hero member
Activity: 686
Merit: 504
always the student, never the master.
June 27, 2013, 03:02:41 AM
i couldn't even be arsed to read your mumbojumbo mate.

Why don't quit yapping it and post some pictures of your supposed 1nm bitcoin miner which runs on fairy dust already.

there is no need. i have just invented a .5 nm asic. invented it right out of thin air
legendary
Activity: 1775
Merit: 1032
Value will be measured in sats
June 27, 2013, 02:55:17 AM
i couldn't even be arsed to read your mumbojumbo mate.

Why don't quit yapping it and post some pictures of your supposed 1nm bitcoin miner which runs on fairy dust already.
full member
Activity: 130
Merit: 100
June 27, 2013, 12:04:42 AM
Well, Mr. Galaxy, please answer me the following:  On your pro-forma, it looks like you have 6,750 Thps shipped by next April.  Now, let's make the following assumptions:

(1) I order one Ghps from you for $20;
(2) My order arrives next April;
(3) The avalanche of raw hash power has caused everyone else in the market to roll over and go home; Galaxy ASICS are all the market; i.e., network hash rate is 6,750 Thps. (We'll forget the 51% problem; this is all a thought experiment, anyway.)

Here's my question:  What is wrong with my math here?  At 6,750,000 Gphs, I can expect to earn about 0.000533 BTC per day (an amount competititve with what one can now earn from watching YouTube videos or casino ads for about an hour, BTW).  Converted to USD, that's about $0.05.  Now, assume the board's overall power draw is 10 watts - chips, cooling fans, water pumps, cryo-compressors.  At $0.12/kwh, that's a bit under $0.03 a day to the Edison mob.

Which leaves me with about, ironically, my two cents worth for my $20 dollar investment.

Thus, it looks to me like your project fits, for us consumers, somewhere between two poles.

The first pole, as is always the case, is the possibility you are a scam, have no chips and never will have.
The second pole is you are wildly successful, in which case any purchaser's network share is ground into the dust.

Any comments?  



You have few reasonable questions, so I will answer them:
1) Tentative shipping schedule, as its name suggests, could change and together with per customer limits was designed to provides relatively slow rise in hash rate so that there would not be 51% problem.
2) "Total GH to be shipped" is more of a limit than actual amount that will be shipped. If customers will continue to buy and it doesn't harm security of bitcoin then we will continue to sell.
3) What do you think bitcoin will be worth in 50 years or 100 years? There are around 100 trillion of USD equivalent of money in the world now and rising. In 20-30 years it could be $210T
$210,000,000,000,000 / 21,000,000 BTC = ~ $10,000,000/BTC - $10 million per BTC - will that happen that in 50-100 years BTC will be the only currency? Who knows.

Maximum BTCs is just under 21,000,000 - 11,335,800 currently created = 9,664,200 BTC to be created
at forever $100/BTC that is $966,420,000 market opportunity and
at forever $1,000/BTC that is $9,664,200,000 market opportunity
while 6,750,000 GH * $20/GH = only $135,000,000

BTCs still to be made from mid 2013
2013   657,000
@$100/BTC = $65,700,000
@$200/BTC = $131,400,000
But you don't have to short sell the BTC at only $100-$200 because it should grow over time.

2014 1,314,000
@$100/BTC = $131,400,000
@$200/BTC = $262,800,000
@$300/BTC = $394,200,000
That is in addition to 2013, so mid 2013 @ $100/BTC + 2014 @$200 = $328,500,000, while 6,750,000 GH * $20/GH = only $135,000,000 i.e. ~41% if you sell your BTC short or only ~30% if you hold them for a year

2015 1,314,000
2016 1,314,000
Total mid 2013-2016 = 4,599,000 BTC
@ $100/BTC = $459,900,000 market opportunity
@ $1,000/BTC = $4,599,000,000 market opportunity = $4.5 billion

2017-2020 = 2,628,000 BTC
2021-2024 = 1,314,000 BTC
2021-2024 =   657,000 BTC

So, it doesn't have to be 6,750,000 GH at $20/GH, market will adjust to proper price per GH and amount of GHs sold.
They may just buy 625,000 GH @ $20/GH, not counting other providers that will be $0.576/day with return in ~34 days
and then someone will decide that return even in 4 month is till good and buy more GH but only willing to pay $19/GH , ext.

Have I answered your question to your satisfaction?
legendary
Activity: 1775
Merit: 1032
Value will be measured in sats
June 24, 2013, 09:43:44 PM
hahahaha, you guys are all whack man!! interested eh??? 20nm?  i guess the OP is the Albert Einstein of engineering, except he only realised it this month after he got wind of all these suckers who are willing to part with their BTC for an email and preorder #

I bet 0.5BTC this guy doesn't deliver jack shit by December

2:1 odds

20:1 odds. You bet 0.5 and get back 10btc! if this clown face delivers!! win win!

Want to escrow this bet?

I will accept that your bet be held in escrow if you like
full member
Activity: 557
Merit: 101
June 24, 2013, 08:26:04 PM
lol
hero member
Activity: 532
Merit: 500
June 24, 2013, 06:23:46 PM
Well, Mr. Galaxy, please answer me the following:  On your pro-forma, it looks like you have 6,750 Thps shipped by next April.  Now, let's make the following assumptions:

(1) I order one Ghps from you for $20;
(2) My order arrives next April;
(3) The avalanche of raw hash power has caused everyone else in the market to roll over and go home; Galaxy ASICS are all the market; i.e., network hash rate is 6,750 Thps. (We'll forget the 51% problem; this is all a thought experiment, anyway.)

Here's my question:  What is wrong with my math here?  At 6,750,000 Gphs, I can expect to earn about 0.000533 BTC per day (an amount competititve with what one can now earn from watching YouTube videos or casino ads for about an hour, BTW).  Converted to USD, that's about $0.05.  Now, assume the board's overall power draw is 10 watts - chips, cooling fans, water pumps, cryo-compressors.  At $0.12/kwh, that's a bit under $0.03 a day to the Edison mob.

Which leaves me with about, ironically, my two cents worth for my $20 dollar investment.

Thus, it looks to me like your project fits, for us consumers, somewhere between two poles.

The first pole, as is always the case, is the possibility you are a scam, have no chips and never will have.
The second pole is you are wildly successful, in which case any purchaser's network share is ground into the dust.

Any comments? 



Damnnnn...you couldn't even 'buy a clue' for that!! Grin
full member
Activity: 238
Merit: 100
June 24, 2013, 06:14:49 PM
Well, Mr. Galaxy, please answer me the following:  On your pro-forma, it looks like you have 6,750 Thps shipped by next April.  Now, let's make the following assumptions:

(1) I order one Ghps from you for $20;
(2) My order arrives next April;
(3) The avalanche of raw hash power has caused everyone else in the market to roll over and go home; Galaxy ASICS are all the market; i.e., network hash rate is 6,750 Thps. (We'll forget the 51% problem; this is all a thought experiment, anyway.)

Here's my question:  What is wrong with my math here?  At 6,750,000 Gphs, I can expect to earn about 0.000533 BTC per day (an amount competititve with what one can now earn from watching YouTube videos or casino ads for about an hour, BTW).  Converted to USD, that's about $0.05.  Now, assume the board's overall power draw is 10 watts - chips, cooling fans, water pumps, cryo-compressors.  At $0.12/kwh, that's a bit under $0.03 a day to the Edison mob.

Which leaves me with about, ironically, my two cents worth for my $20 dollar investment.

Thus, it looks to me like your project fits, for us consumers, somewhere between two poles.

The first pole, as is always the case, is the possibility you are a scam, have no chips and never will have.
The second pole is you are wildly successful, in which case any purchaser's network share is ground into the dust.

Any comments? 

legendary
Activity: 1904
Merit: 1007
June 24, 2013, 10:06:33 AM
hahahaha, you guys are all whack man!! interested eh??? 20nm?  i guess the OP is the Albert Einstein of engineering, except he only realised it this month after he got wind of all these suckers who are willing to part with their BTC for an email and preorder #

I bet 0.5BTC this guy doesn't deliver jack shit by December

2:1 odds

20:1 odds. You bet 0.5 and get back 10btc! if this clown face delivers!! win win!

Want to escrow this bet?
legendary
Activity: 1775
Merit: 1032
Value will be measured in sats
June 24, 2013, 07:36:09 AM
hahahaha, you guys are all whack man!! interested eh??? 20nm?  i guess the OP is the Albert Einstein of engineering, except he only realised it this month after he got wind of all these suckers who are willing to part with their BTC for an email and preorder #

I bet 0.5BTC this guy doesn't deliver jack shit by December

2:1 odds

20:1 odds. You bet 0.5 and get back 10btc! if this clown face delivers!! win win!
hero member
Activity: 798
Merit: 1000
www.DonateMedia.org
June 24, 2013, 03:23:32 AM
I am a bit surprised that you plan to cool 32amps/120V in a 4U case. Care to comment on that?



Magic ice dragons and squirrels with fans might as well be the answer here. Chances that I invest in this is about as slim as Bugs Bunny making it through Mordor.

Cray 1-2U blades can cool 22A/120V - there are ways.
BTW, specs had changed a bit, see OP

Galaxy show us something real or GTFO, no one believes your standard issue scam thread with zero backing evidence of any of it. If you're going to try and troll us at least put some effort into it.
legendary
Activity: 1775
Merit: 1032
Value will be measured in sats
June 23, 2013, 11:59:09 PM
hahahaha, you guys are all whack man!! interested eh??? 20nm?  i guess the OP is the Albert Einstein of engineering, except he only realised it this month after he got wind of all these suckers who are willing to part with their BTC for an email and preorder #

I bet 0.5BTC this guy doesn't deliver jack shit by December

2:1 odds
newbie
Activity: 56
Merit: 0
June 23, 2013, 10:49:26 PM
Sound nice. Can u show us pictures of your products?

Any photos of your products, your office, your facilities and videos? who is your design house, your foundry? right now price of 1 gh/s is way lower than $18 per gh/s. Grin
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