HashFast launches sales of the Baby Jet - page 58.

Ytterbium

full member

Activity: 238

Merit: 100

Quote from: Syke on August 11, 2013, 02:42:31 PM

Quote from: cypherdoc on August 11, 2013, 12:43:26 PM

when they talk about this the emphasis is on orders of magnitude increased efficiency.

A big chip is not "orders of magnitude" more efficient than a bunch of small chips. That's just not how bitcoin hashing works.

Lol. This should be obvious.

No one knows what KnC or Cointerra's chips will look when it comes to efficiency. KnC's estimates are about 3x HashFast's. That's not an "order of magnitude"

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: Syke on August 11, 2013, 02:42:31 PM

Quote from: cypherdoc on August 11, 2013, 12:43:26 PM

when they talk about this the emphasis is on orders of magnitude increased efficiency.

A big chip is not "orders of magnitude" more efficient than a bunch of small chips. That's just not how bitcoin hashing works.

i think you're going to be surprised.

dropt

legendary

Activity: 1512

Merit: 1000

Quote from: MadHasher on August 11, 2013, 11:42:47 AM

Come on people, either these guys have a very bad PR or this is a scam. If you think anyone not IBM, Intel or another big player can deliver one chip that can use up to 300W in power, you're delusional. And even them would never do such thing if not for experimental purposes (if even viable for that).

TDP of a 7970 is 250W+ ... Just sayin'.

http://en.wikipedia.org/wiki/Radeon_HD_7000_Series#Radeon_HD_7900

minternj

sr. member

Activity: 434

Merit: 250

Quote from: Simon Barber on August 11, 2013, 02:19:44 PM

The Baby Jet will support standalone mining via an Ethernet connection, and upgrade to WiFi via a USB WiFi card.

Thanks for clarifying.

Syke

legendary

Activity: 3878

Merit: 1193

Quote from: cypherdoc on August 11, 2013, 12:43:26 PM

when they talk about this the emphasis is on orders of magnitude increased efficiency.

A big chip is not "orders of magnitude" more efficient than a bunch of small chips. That's just not how bitcoin hashing works.

Simon Barber

newbie

Activity: 56

Merit: 0

The Baby Jet will support standalone mining via an Ethernet connection, and upgrade to WiFi via a USB WiFi card.

jspielberg

sr. member

Activity: 490

Merit: 255

Quote from: minternj on August 11, 2013, 12:48:00 PM

Still no answer on how we mine on the baby jet. usb, wireless, wired, etc? Also what is the warranty?

I guess I am not that concerned right now about whether it is USB or standalone-ethernet. My preference is standalone and it seems like the competition (except for BFL) have all raised the bar to have this feature for their miners.

That being said, the difference between standalone and not is a $40 raspberry pi, and there is plenty of great open source software to use on it... (so it would be a little silly to not include it).

crumbs

full member

Activity: 210

Merit: 100

Is it too early for us youngins to learn where Baby Jets come from? Is it a bit ... eww?

minternj

sr. member

Activity: 434

Merit: 250

Still no answer on how we mine on the baby jet. usb, wireless, wired, etc? Also what is the warranty?

cypherdoc

legendary

Activity: 1764

Merit: 1002

when they talk about this the emphasis is on orders of magnitude increased efficiency.

jspielberg

sr. member

Activity: 490

Merit: 255

Yes.. I don't understand this either, except to maybe cut down on the supporting electronics. KnC has taken this same approach.

The single point of failure is a little disappointing (compared to bitfury designs), but I have a feeling this is going to be the way 3rd gen hash asics are all going to be, due to component and integration efficiency. I am not an EE, so I am making an educated guess.

Ytterbium

full member

Activity: 238

Merit: 100

Quote from: MadHasher on August 11, 2013, 11:42:47 AM

Come on people, either these guys have a very bad PR or this is a scam. If you think anyone not IBM, Intel or another big player can deliver one chip that can use up to 300W in power, you're delusional. And even them would never do such thing if not for experimental purposes (if even viable for that).

I don't know why they would go for ONE GIANT CHIP rather then breaking it up into smaller ones to dissipate heat better, there wouldn't be any loss in performance.

MadHasher

newbie

Activity: 30

Merit: 0

Come on people, either these guys have a very bad PR or this is a scam. If you think anyone not IBM, Intel or another big player can deliver one chip that can use up to 300W in power, you're delusional. And even them would never do such thing if not for experimental purposes (if even viable for that).

tyrion70

legendary

Activity: 934

Merit: 1000

Quote from: Loredo on August 11, 2013, 10:26:44 AM

Quote from: tyrion70 on August 11, 2013, 08:07:35 AM

I assume IceDrill and HashFast made an agreement not to sell under $5600/400GH then seeing that 50M shares times 0.0014 / 1250 equals exactly 5600?

That, Sir, is a very good catch!

I was suspecting that IceDrill was probably not getting much of a discount to list price, since they are keeping 40% of the hash for themselves.

I wondered, though, just how greedy they might be. Now we have a plausible answer to that.

I wasn't implying anything there.. I just did the math and I don't believe in coincidences.. It does make sense from both HashFast and IceDrill perspective though to make such agreement.. You don't want your customers ending up selling your hardware below your price and the other way around.

Quote from: ?? on ??

Quote from: tyrion70 on August 11, 2013, 08:07:35 AM

I assume IceDrill and HashFast made an agreement not to sell under $5600/400GH then seeing that 50M shares times 0.0014 / 1250 equals exactly 5600?

The first batch is a initial sale of 14,500,000 (14.5 million) shares, which will be sold on BitFunder for 0.0014 BTC per share.
The second batch of 3,500,000 (3.5 million) shares and will be sold at 0.0015 BTC per share.
The third batch is of 12,000,000 (12 million) shares and will be sold at the price of 0.0016 BTC per share.

Let's assume the extra 20,000,000 shares are considered at IPO price (0.0014 BTC)

34,500,000 * 0.0014 = 48300 BTC
3,500,000 * 0.0015 = 5250 BTC
12,000,000 * 0.0016 = 19200 BTC
Total BTC = 72750 BTC

Yeah I know about the 1 cent extra on batches 2 and 3.. but the math ends up exactly using the 0.0014 btc.. Was there another intention of your calculation here?

Just trying to figure out here if i should:
a) invest in either IceDrill or Hashfast miners myself
b) start groupbuys for HashFast miners

Loredo

full member

Activity: 238

Merit: 100

Quote from: tyrion70 on August 11, 2013, 08:07:35 AM

I assume IceDrill and HashFast made an agreement not to sell under $5600/400GH then seeing that 50M shares times 0.0014 / 1250 equals exactly 5600?

That, Sir, is a very good catch!

I was suspecting that IceDrill was probably not getting much of a discount to list price, since they are keeping 40% of the hash for themselves.

I wondered, though, just how greedy they might be. Now we have a plausible answer to that.

tyrion70

legendary

Activity: 934

Merit: 1000

I assume IceDrill and HashFast made an agreement not to sell under $5600/400GH then seeing that 50M shares times 0.0014 / 1250 equals exactly 5600?

DeaDTerra

donator

Activity: 1064

Merit: 1000

Quote from: tyrion70 on August 11, 2013, 07:30:40 AM

Quote from: SirWizz on August 11, 2013, 07:25:48 AM

Quote from: tyrion70 on August 11, 2013, 07:17:21 AM

How come your first batch doesn't go to your biggest customer as of yet: DeadTerra with his IceDrill mining company? I'd expect that a 500TH Sales order would be moved to the top of the line?

He said first batch of baby jets, not first batch of chips. If you think they'll only make 550 chips in the first run... well let's just say that probably won't happen.

Yeah I read that.. but DeadTerra is saying the operation is starting in November.. That means he won't receive his miners untill then. Which I find weird considering that 500TH == 1250 BabyJets.. Since DeadTerra says he had contact with Hashfast for a while I would expect his order to be delivered first. Not a full month later.. Especially if with currect difficulties a full month means almost 60% drop of returns..

'
IceDrill.ASIC gets chips from the first batch, the same one that will be used to produce babyjets.
We will not be receiving babyjets, we will have the chips set into racks to fit into our datacenter.
The reason why we state Novemeber is because we are unsure on how long time it will take for the chips to reach us and how long it will take for us to assemble them. Hence we prefer a conservative date.
//DeaDTerra

tyrion70

legendary

Activity: 934

Merit: 1000

Quote from: SirWizz on August 11, 2013, 07:25:48 AM

Quote from: tyrion70 on August 11, 2013, 07:17:21 AM

How come your first batch doesn't go to your biggest customer as of yet: DeadTerra with his IceDrill mining company? I'd expect that a 500TH Sales order would be moved to the top of the line?

He said first batch of baby jets, not first batch of chips. If you think they'll only make 550 chips in the first run... well let's just say that probably won't happen.

Yeah I read that.. but DeadTerra is saying the operation is starting in November.. That means he won't receive his miners untill then. Which I find weird considering that 500TH == 1250 BabyJets.. Since DeadTerra says he had contact with Hashfast for a while I would expect his order to be delivered first. Not a full month later.. Especially if with currect difficulties a full month means almost 60% drop of returns..

SirWizz

full member

Activity: 173

Merit: 100

Quote from: tyrion70 on August 11, 2013, 07:17:21 AM

How come your first batch doesn't go to your biggest customer as of yet: DeadTerra with his IceDrill mining company? I'd expect that a 500TH Sales order would be moved to the top of the line?

He said first batch of baby jets, not first batch of chips. If you think they'll only make 550 chips in the first run... well let's just say that probably won't happen.

crumbs

full member

Activity: 210

Merit: 100

Quote from: DeaDTerra on August 11, 2013, 06:57:40 AM

Hi!
We are currently renegotiating the deal with HashFast as it looks like we might not be hitting our goal (though there are still 12 hours left).
At the moment it looks like we will be able to move forward without the full amount, with some changes in the deal.
We will still uphold the commitments made to the investors, we will scale down on the mine but the shares will still be worth 10 mhash each at startup.
The exact details of the deal and what it means for the IPO will be posted in an announcement later.

The lark’s on the wing;
The snail’s on the thorn;
God’s in His heaven --
All’s right with the world! Roll Eyes

Topic: HashFast launches sales of the Baby Jet - page 58. (Read 119684 times)