Topic: HashFast announces specs for new ASIC: 400GH/s - page 524. (Read 880461 times)

The unsurprising snarky response from DPoS aside, are you sure about this?  Seems to me as if a certain ambiguity is being maintained on this and some other issues.

On the other hand, my post was actually about the upgrade kit, not the MPP. This thingamajig: http://hashfast.com/shop/baby-jet-upgrade-kit/

So why are people still buying miners if hashfast alone is going to double the network. I received a KNC Saturn last week (one of the first shipped) and I don't see myself breaking eventhough its pushing out 65 Gh/s more than was promised

I agree, timing of delivery is everything as the rewards on ASIC-mining are completely front-loaded. The tail end, where electricity usage comes into play, is more about how long you, as an individual, can continue to contribute to the distribution and safety of the mining network.

Electricity cost for a KnC jupiter is ~$70/month. Over the useful lifetime of the machine, thats probably <10% of the overall cost.  
OTOH, being one month earlier it will yield about ~100% more bitcoins for a given hashrate.

A machine that is 2x more efficient will be able to run for ~ 1 month longer, but that extra month will yield you less than 1 BTC

There's nothing moot about electricity prices, you either mine enough BTC to pay them or you don't.

Thats not the point. The point is that electricity efficiency is a moot point right now because of the sky high purchase cost. If/when HF or CT machines come down a factor 10x in purchase price, then it will become much more relevant; but for anyone buying now (or having already bought) its mostly irrelevant. At the point where KnC (and even BFL) machines cant pay for their electricity, none of the other more efficient machines have any chance of recovering their purchase price in any reasonable amount of time. And if you think Im wrong about that, you should be ordering from bitmine.ch who promise effiency down to 0.35W/GH

Yes I did. Profitability curve reaches maximum pretty fast at one point, then mining enough BTC to cover electricity for half a month and then very, very slowly going down onwards. The decline is so slow that it can be compensated with dirt-cheap electricity, and you are right about that. I haven't calculated the costs of moving/relocating, or the factor of getting second-hand miners real cheep, if someone does that I would like to know the results.

have you done the math on what happens when difficulty is so high that KnC users are forced to turn off their machines?
BTW, most of them will not be turned off, but be sold to someone with access to dirt cheap electricity in some US states, Russia or China. Heck, even Kuwait ($0.01 per KWH).

That's not what I've said. Not people with free electricity who will mine, but people who bought the miners from Bitfury, HashFast and Cointerra, spending around 0.6-0.7 W/GHs. All others will turn the miners off, similar how GPU miners went out of BTC mining. People with free electricity are small percentage of serious miners and they are just an anomaly, there is no such thing as a free lunch. The network is still tolerant to miners who waste electricity (like Avalon, KnC), but will be intolerant starting march or april.

The network is still tolerant to miners who waste the electricity (like Avalon, KnC), but will be intolerant starting march or april.

Not sure but I think after the latest firmware, its 1w per Gh with knc but anyway, you are saying that only those with free electricity will be still in the game in the not so distant future and I agree with you. people will leave their miners on if they are making a few $ more than the electricity cost which will not return the cost paid for their machines. I ordered my miner back in june when difficulty was 12million and while we all knew there would be a big rise coming late in the year we (I) never expected a possible 250+ million difficulty mid October.
But now we all know that its going to get crazy and day1 orders from companies that ship on time are not going to get a return - soo why are people still buying ??

Miners are already bought. Also, you've bought KnC which spends double the electricity more than HashFast or Cointerra. People are still buying these brands counting you'll have to turn off your KnC in march-april while they are still mining with theirs. All other old miners, Avalon, AsicMiner (except Bitfury) will be turned off and that will reduce the network hashrate. If you are not going to get positive ROI it doesn't mean others will not get positive ROI. Once the electricity price kicks in a few months this is gonna be totally different ball game.

Miners are already bought. Also, you've bought KnC which spends double the electricity more than HashFast or Cointerra. People are still buying these brands counting you'll have to turn off your KnC in march-april while they are still mining with theirs. All other old miners, Avalon, AsicMiner (except Bitfury) will be turned off and that will reduce the network hashrate. If you are not going to get positive ROI it doesn't mean others will not get positive ROI. Once the electricity price kicks in a few months this is gonna be totally different ball game.

So why are people still buying miners if hashfast alone is going to double the network. I received a KNC Saturn last week (one of the first shipped) and I don't see myself breaking eventhough its pushing out 65 Gh/s more than was promised

I don't understand, didn't hashfast make a queue of only around 500 units? You are saying that they can produce and test all the units in one day?

   Word is CIARA can assemble/test/ship 1200 units a day!

http://www.ciaratech.com/text-page-211-en.html

New blog post:

https://hashfast.com/big-news-hashfast-signs-exclusive-deal-with-ciara-technologies/

calichomp gets his wish!

Big News!  HashFast Signs Exclusive Deal with CIARA Technologies

    Posted on October 11, 2013
    by John Skrodenis   

This is a huge deal. We’ve just signed an exclusive agreement with Montreal’s acclaimed CIARA Technologies to build the mining rigs that will house our GN chip once it’s been fabricated by the TSMC foundry. CIARA has been an industry leader in the design and manufacture of high-end supercomputers for over 25 years, and getting them to build the Baby Jet, the Sierra and future machines means that we’ve got one of the most respected box builders in the business. Of particular note to our miners, CIARA is a world-record breaker for single and double overclocked processors — in fact, they’ve got an entire department dedicated to overclocked CPUs. If there was one company capable of building the machines that can handle the power of HashFast’s 28nm chip, it’s CIARA. And now that we’ve signed the deal, they’ll exclusively produce mining rigs for HashFast.

But this isn’t just about power. We’ll be shipping our Baby Jets directly from CIARA’s massive 576,000 sq. ft. headquarters in Montreal. There are few manufacturers in the world that have the incredible capacity to build and ship mining rigs with the speed CIARA does. What’s more, CIARA is a C-TPAT registered company, which means no delays at US or Canadian customs.

We know how valuable time is for miners, and that you’re all counting down to shipment. So are we. The CIARA deal not only means we’ve got the best partner in the business, it means you’ll be getting your Baby Jets and Sierras — and whatever comes next — as soon as possible.

They said the price of the PCB would be somewhere around 1-2k.