Topic: Gridseed Asic Miner Preview (Read 6743 times)

what happens when btc difficulty goes up about 75% each month and after 3 month you sha-256 rig will produce about $35 each day?

What do you mean?

You can mean Scrypt based coins with these devices. Not Scrypt Jane based coins (such as QQcoin and Applecoin) however.

So it's not a Scrypt coins killer ? I'm Right ? 

this is also acceptable point of view but definitely not otherwise!
just look at btc value/diff history!!
since beginning of the 2013 and $260 btc value spike and drop to around $100 nothing really changed in value for months and difficulty was jumping all the time since BFL and Avalon shipped units massively! and then at the end of 2013 value of BTC jumped to $1000+ because of the Asia madness for BTC and sure not because of the difficulty!
so, Value UP -> Popularity UP -> Diff UP!
Logic!!!
and "Diff UP -> Value UP" never happened and sure not gonna happen in the future!
not for any coin and sure not for btc!
it is crazy to even think in that direction and specially crazy to believe in such a theory and make any money investments based on that!!!

Without having studied the subject extensively, I would think that if there is a correlation between price and difficulty, it would be the price that caused a change in difficulty.
Price goes up, the coin becomes more attractive to mine, causing miners to join in, and thus pushing the difficulty up.

In my head it makes sense that this correlation would be stronger on altcoins, but less so on bitcoins. Bitcoins are all ASIC mining by now, and there are limited options to redirect the available hashing power elsewhere.

I have mine a few BTC from june 2011 till now, but with trading I have earn almost 10 fold the amount I have mined today.
All the coins are spread in different wallets.
I am all ear to learn from you how to improve my trading skills.

Difficulty does not have anything to do with the value, technically. But difficulty can, will, and does effect value of a coin on a regular basis. If bitcoin difficulty was 100, would it be worth this much? Probably not.

Nice to see a good Gen-1 Scrypt ASIC that is "on par" with GPU miners, still with an advantage over GPU mining. (Wow to that power-use being so small!)

It is time for GPU's to retire back to being used for gaming. Give the gamers some of the GPU's we took from them, back for a discount. (They all earned us plenty in the life they gave us.)

The next wave of Gen-2 miners will be a big step in solidifying alt-coins, or merging values between the two variations. ASIC's didn't kill any coins, they made them more valuable, all of them. Just as they will do for Scrypt-coins, directly now. (Provided the prices come down to match the values of comparable hardware to SHA-256 miners. EG, $6,000 buying you a device that will ROI at the same time as its SHA-256 counter-part, which also sells for $6,000.)

As for design, as a scrypt-miner... Might want to re-design a "scrypt-only" mining cooler. (Having them all stack is a great idea, if the cooling was pulled from between the units. Stacking like slices of bread, with a shared cooler between two units. Remember, that huge cooler is for running in SHA-256 mode, to remove tons of heat. In Scrypt-mode alone, if locked to that mode, it is over-kill for that board.)

Sell just the boards, without the heat-sink or dedicated controller, drop the price by 80% {down to $1200 for 6MHs}, and I will buy a whole farm myself. (Note: If alt-coins value rises to 200%, then $2400 would be acceptable for a 6MHs to be equal to new ASICs. Which it might do, over the next few months.)

Otherwise it is cheaper to buy a SHA-256 ASIC to mine, and just buy scrypt-coins with the BTC you earn.

Oh, just for the record, I am getting one of the 20-packs (6MHs units). If only for the replacement of one of my existing GPU rigs that needs retirement. (Though, I have also already purchased a SHA-256 ASIC, for the same price, that will produce 5x {500%} the value that this Scrypt-miner will ever produce. $300/SHA256 per day V.S. $60/Scrypt per day, for $6000 worth of the similar hardware.)

Two thumbs up for this review, and product! Still worth purchasing for supporting the next-gen, just because it does give a ROI.

there is nothing any official distributor ouside of china mainland.
never recommend u guys gonna buy gridseed miner from unofficial sales websites though they might have some stuffs in stock. Besides I don't think they have a certain Warranty policy.
the official distributor are only two sources atm, diginforce.com and cybtc.com.
just wait for them to re-start sales after lunar new year ends up.

Can anyone verify this site is legit? http://hashra.com/scrypt-miners/

It's the only site in English posted throughout the thread.

Has anyone tried to run these units on linux machines? tnx

Great Job!

That is partial true.
Difficulty has nothing to do with value of any coin in short term.
But if we look at long term, it does.
I am here for long term, not for short term.
Beside the increase difficulty of LTC, there is a major breakthrough for a LTC payment processor.

^^
Hi, any technical people here? What's the implication of increase in scrypt cores from 4 to 96 in speed and efficiency? 

The 9 facts you guys shouldn't ignore below

1. a current phase is for public test. the miner isn't very stable yet.
2. It's not Pre-order, but they have the real one on sale.
3. they are afford to manufacture very few amounts atm, guesstimate it sold about 500 miners for a week.
4. the chip designer(s) of gridseed was(were) ex-Avalon IC team member, Gridseed miner has 55nm process also.
5. the official claim of hashrate was in case of dual mining 8G per miner for btc, 300kh for scrypt.
6. The current miner's board has installed 5 chips, each chip was made up 160 hash function core and 4 scrypt core.
7. they announced it would be available soon for 2nd Gen miner like 96 scrypt cores of scrypt mining only due to serious nm competition of btc mining.
8. 7w per 300kh, it has very good power efficiency, the scrypt(ltc, doge)miner can be spread out to a owner of household power right now.
9. Hellya a Summer coming. 


here extra infos for someone who didn't ever catch the detail info of gridseed usb miners
official website : gridseed.com
official sales website : DigInForce.com, it's off currently due to lunar new year holidays,
Gidhub for datasheet, miner source : https://github.com/gridseed/


Who know if kncminer could supply his 28nm btc chip to gridseed then it's not just a dream like a hybrid miner with TeraBTC, Giga LTC, eventually what would happened to a entire Mining Eco.

ok, I respect that.
but check this out.

take a look at the value history and you will notice that LTC value was always BUT ALWAYS aroudd 2.5-3% of BTC value.
btc value goes up, ltc value goes up!
btc value goes down, ltc value goes down!
and ltc it's always 2.5-3% of btc value!
do you see the point???
you really think that rising in LTC difficulty will rise value of LTC?
never happened with any crypto and sure not going to happen with LTC ether.

That is just my opinion.

yes

since these mine ltc (scrypt) does that mean they can also mine other scrypt coins?

Nope!
Difficulty has nothing to do with value of any coin.

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

that looks like a mess,where did you purchase from?

What's the point? If I was gonna spend $2000 on an ASIC I'd buy one that mines Bitcoin!  

Litecoin will just die if it becomes ASIC only.

So you need ~ 4 or 5 cards, $1,400(4) or $1,750(5).    A mobo ~$125?, 2 PSUs = ~$180,  Processor = ~30, Risers, ~25, Ram = ~25...

Where are we at...  ~$1,760 for a 4 card rig, or $2,110 for a 5 card rig (assume shipping was included...)

Power wise, it's what, ~70W vs 1200W (4 Card) or ~1500W (5 card).  To be honest I'm not sure which route is the better alternative. 

I'm going to guess that the prices were set to be approximately equivalent to the GPU counterpart and they're leveraging the massive decrease in power requirements as their benefit.

Either way, people are going to buy these and the Scrypt GPU miners of today are going to be none-too-happy with the long-term outcome.

Where were they bought from? I would like to purchase 20 of them.

GPU is still a cheaper option if you get a r9 280 at $350 that mines at 650 KH/s

how much are these?

Are they really though?  ~3MH for $2,000.  That's ~3 or 4 290X, mobo, ram, cpu, and PSUs.  You'd pay around $2,000 for that, but you'd be using a boatload more power.  I'm not saying it's wise to purchase, but I don't think they're that out of line.  

3MH per each unit at what price in Feb?

Too bad they are so way overpriced, the chip maker is going to make a fortune mining on these. I wonder if some of the 100+ mhash users out there are actually gridseed farms.

Those are beautiful.

Hi xbitcoinx,

I have 1 unit and I'm trying to run it with the cpu miner. However, I keep on getting "http request failed" error. I also don't have the controller.
Sorry, would you mind sharing the steps?

I followed the guideline sent by my seller as follows:
minerd --freq=600 --gc3355=COM3 --url=http://www.coinotron.com:3334 --userpass=xxxxxx:xxxxxx

Do I need a mining proxy?

Thanks.

[edit] Managed to work the rig with the WeMineLTC.com 

gave one to my buddy.
the noise is almost close to cpu fan's one. no heating obviously.

Lies! You only have 9!

Looks nice though, how much noise / heat do they make?

I've received 10 sets of the GridSeed Hybrid Asic Miner today
here youtube link.
http://www.youtube.com/watch?feature=player_embedded&v=IujrVTxwrzY

It show 200~300kh and 7w power cost per miner in case scrypt only mining.

http://i.imgur.com/siDsZVZ.jpg
http://i.imgur.com/wRjkdo0.jpg
http://i.imgur.com/CpygPQq.jpg
http://i.imgur.com/Pe2wc84.jpg

And Some additional infos from my website though written in korean, besides run it without controller board.
http://xbitcoinx.com/Bitcoin_Mining/65972


The price was 11198rmb(2000$) for 10 miner sets + one controller board.
Imo It doesn't have much advantages against gpu running
But you guys should not miss the next one which will be released on Feb for scrypt only like 3MH per, revealed by the gridseed company's official post. http://cybtc.com/thread-5203-1-1.html