Topic: Gridseed Asic Miner Preview - page 2. (Read 6786 times)

I never mined LTC before, I trade some BTC for LTC.
I have always mined BTC except for 2 days I have mined Solidcoin.
After that I alway look down at altcoins.

There are recently events in LTC land that trigger my instinct.
I recently download LTC client and made a wallet to start collecting LTC.
They are cheap now, but not for long.

When more of these ship LTC won't be Easy2Mine (sorry couldn't resist  ) Anymore. That will also hopefully drive the LTC value up.

When this stuff flood the market, LTC will become harder to mine.
I hope the LTC prize also going up.
I already start to collect LTC.

Negative - ref - https://bitcointalksearch.org/topic/m.4835934

I doubt there is "much" stock of these anywhere since the CNY... one would expect Mid-Feb shipping on anything gridseed

HASHRA.com XD they are the only place I think aren't scammers and have some in stock (I could be wrong but they lok good and sound genuine)

So after all the talk: The unanswered question: where to buy?

Yeah I agrre with the BTC ones had a quick ROI, but these scrypt ones don't offer as much of a benefit as the BTC ones did, if LTC goes up then yeah it will have the same ROI but if it doesn't go up tat much it won't.

If I buy 10 ASIC miners (gridseed) they will net me 3-3.6M/hash for £1550+ but for that I could build a mining rig (GPU) and net about another 1M/hash so about 4-4.6M/hash in total, yeah they may use more power, but in the cold weather like now they can heat up my house XD so it will lower my heating costs and the excess power that the GPU miner will use will be ofset by the other 1M/hash (and then some).

So batch 1 of the scrypt asics won't be that great, but I think that when gen 2 comes around that will be the end of GPU mining forever (unless scrypt coins all do a hard fork to increase the memory needed so they are then rendered useless so no point of having them.

I take that back, as AMD and Nvidia (only AMD im worried about) in 2014 are going to be brining out their 20nm manufacturing process in GPU making and GDDR6 (maybe 2015) but they predict the speed of 1 single card with GDDR6 RAM and 20nm manufacturing process can net ~2M/hash at the same cost of a 280x or 7970 today, so I am not too worried yet, I will be if they bring out like a 1G/hash one in the next few years XD

Just my 2 cents

Edit-Also the 30M/hash one you're on about I think you might have taken the total for ALL 10 GRIDSEEDS in a pack which nets 3M/hash in total (330K/hash per usb device (10 of them for £1550+)

I cannot agree more. Seems some forget about the 1st bitcoin ASIC generation ROI.


So how about 2nd Gen 30 000 Kh/s for $2000 in February? Do I have your attention?

There is so much electricity and computing power getting wasted in mining

Good profitable business for the companies making required hardware 

I was planning to start mining but decided otherwise considering the costs associated with and decided to play safe to invest in some a other digital currency like litecoin or XNF-NoFiatCoin which does not  make a hole in pocket.

Keeping the prices is high is not going to keep ASICs away from Scrypt.  They're coming.  You can either adapt and join the ASIC revolution or die out like those mining BTC with GPUs who refused to conform did.

How do you know?  Could you point me to where you tried to sell Gridchips and failed?

GPU's can be sold on eBay for almost the same price as when you bought them, and also you can use GPU's for actually playing games on your computer. Gridchips? Not so much.

where is that evidence of them burning out?

That's great! Have fun with those great miners.

Would love to buy a few of them someday. If your electicity price is high, such devices are great.

The only reason I want it is because the room I have everything set up in (bitcoin & litecoin miners), its VERY hot in that room. It heats up the rest of the house, and I dont need heat in Miami. Also the heat from the GPUs heat up the bitcoin ASIC's WAY too much. I want something cooler, but I'm not going to be paying a premium for it. If I can get them at a good price, I'm right on board to buy 20 of them.

Good, keep the price high.  We need to keep asics away from scrypt.

Nice to see Gridchips out in the wild, though these miners are quite odd. They couldn't have made them any more difficult to scale neatly, a more traditional board would have been better. But I suppose these are also a beta run of Gridseed based machines. I'm sure there will be plenty more to follow once chips are broadly available.

By my analysis these are 19x more power efficient than a GPU, so for the up front price you are actually getting quite a savings on power use, and are much easier to scale up compared to hot, power hungry GPUs.

The fact that a cheaper GPU gives you better hash/$ is only half of the story you need to look at. Power efficiency, ease of management (time wasted on rig maintenance and setup), and ability to scale are are important factors as well.

link please? whats the warranty on these things?

Looks like that these are not fully stable at this point, one guy in that forum got 3 miners burned, out of the 10 he bought.

I think that these are great for miners who have maxed out their electrical/cooling capacity or their spouses tolerance for gpu fan noise