Topic: I'm looking for partners for GPU mining I have free electricity (Read 5777 times)

Resurrecting this old thread. Now the summary of events in past months follows.

Did not get the electricity from free project, it was taken over by another persons. Handed over the project to another people.

Managed to get free electricity from municipality home heating system. This is no problem as key persons in home management and maintenance know about this and with possibility of many computers producing heat they could disconnect some heaters in shared public rooms.

Had few junk computers running servers and two ATI cards mining in pool. Everything was almost ready except physical security. Drunk persons coming and going with only curtain separating shelves with hardware from the drunkards.

Fire erupted in neighboring apartment from unknown reasons. Most likely smoking while drunk or electrical short. Whole place was first hit by smoke and then heavily flooded as fireman arrived.

Still have a hookup to free electricity but the location of hardware must be changed and secured. I was stuck to find sane and orderly person who can host the hardware in her apartment. Some where afraid from radiation (!) or objected to noise it produces.

We can probably lock this topic to end the flame war about ASIC. BFL still have not delivered and for great surprise seems that Avolon have ASIC.

Will write again if I get secure location for server location.

Shush Frog. Hey mrb can I take you up on your quoted bet right now?!

You mean June 31st 2013 I hope otherwise you lost already... 

Apparently, BTCFPGA already has the ASIC chip by the way. They are just finalizing the board design prior to final assembly, so I have heard but I may be wrong... 
As of BFL, they have the borad ready but are waiting for their ASIC chip according to the buzz.

I bet you 50 BTC right here publicly that at least one of BFL/bASIC/Avalon/etc will ship ASICs before June 31, 2013. Let's find an escrow we can both trust. Ok?

Edit: fixed year.

Bitcoin will never reach its full potential if we don't completely abandon the not so great pastimes of interest, gambling and financial fraud.

Ripping off the EU will not fix your country, Mysteryminer. Promoting and upholding a good image of BTC will.

You got it right.  2.4kW will be enough to run about 12-15 GPUs.

12-15 GPUs

 

Aye. Let me nudge it a little bit.

This thread is going nowhere but troll-landia.

How rude.  I don't use or support BFL, they are very unsavory at best.

M

Fuck you BFL sockpuppets! I have not ordered any ASIC products yet because I'm not stupid! If they are legit I will buy as soon as possible. How profitable it is for me that few people buy ASIC products with slight delay? 0.00002 BTC?I know ASIC are coming few years from now from legitimate microchip company such as Marvell Jmicron Infineon or similar known producer. Corpsefly Labs are long scam.

Busted!

It's also entirely possible he's got a bunch on order himself and thinks the more ppl he scares away the better off he is.

M

This says it all. MysteryMiner doesn't even believe his own claim that ASICs are a scam. So he refuses to make a public bet, and claims it is "confidential"  

In a way, this re-assures me, as it shows you are an educated person who knows that ASICs are coming.

When in past BFL released ASIC products? FPGAs are totally different devices in terms of development complexity, development cost and development times.They need dummies who pay advance fee in this scam of all scams. The price is high but affordable and the trust is established with FPGA products.Sorry, foreigners, international corporations, transnational unions are not my community! My community is my folk! Everyone who harms it is my enemy and will someday align with both iron sights!Do You know some ASIC capable company that is run by well known and reputable people and who do things in transparent way and not giving false promises? BFL is not such company, others seem very shady as well.Betsofbitcoin MysteryMiner is my profile but I made bet already using other profile that I want to keep confidential. And why You think I doubt the theoretical performance of specialized ASIC device? I doubt that BFL is making ASIC chips at all. I suspect them to be a con scam scheme establishing trust with easy to make FPGAs and then taking preorders and buybacks for new devices and disappearing. If they are making the chips they should have at least credible prototype videos and information that can lift all doubts about them.

Litecoins or alt currencies ^ is what I got out of that.

I fail to see the logic in this.

I can sell four 7970s that get me about 2.6g/h and get an ASIC that gets me 54g/h and uses a fraction of the power.  Why on earth would I, or anyone else, use a GPU for mining?

M

It's true. EU really gives unexplained money to projects that might comply with the notice they gave out. I'm also trying to get some

About the jalapenos: if it's a scam and they won't be shipped in about a month I'm about to cancel my order...

I said "they don't seem to ship in the US", hence expressing uncertainty, not a claim. Try again A few examples of the predictions I made and argued for: that pirateat40 would be a scammer, that the BFL Jalapeno would require 2 USB cables, that the HD 7000 series would be capable of 3.6 Mhash/J.

I also challenge MysteryMiner to put his money where his mouth is by betting against http://betsofbitco.in/item?id=665 (Full disclosure: I created this bet and put 50 BTC of my own money in it.) He claims he put money somewhere, without telling which bet and without showing proof.

Yes I wasted 5 mins clicking through your posts what of it?

You are wrong, and I added you to my signature. ASICs are coming.
I have always ended up being correct in all the arguments/claims I have been involved on these forums. I will be right again this time.

I think ASIC's will show up soon enough.. less than years but more than months

If people think there going to have an ASIC device mining@home in the next 2 weeks is dreaming in color....

The hell? That was random, thanks for the quotes. This crap is still a surprise to me.

yuuup thx for that  


I do think the same about it..but we will see November is also almost done still nothing out there same as oktober..


could be a good explanation when we look back in to this over a year..

Oh, not you.

It's not my goal to be Nazi or stuff like that. I'm sorry if i made you think that.
Seriously, i don't want you to stole my money.

This is what i think this thread is.

Just ignore the wannabe Nazi.

Where are you from exactly?
It's still stealing from the community. No matter how badly the community is regulated.

"i do it because he does it too" is not a valid excuse.

People doubt ASICs because they are difficult to develop, and expensive. The concept that bitcoin is successful enough to drive entrepreneurs to sink hundreds of thousands, or potentially > $1M & > 1 year of professional development, into a bitcoin project, is hard to swallow (not my words, just an explanation).

That said, bitcoin has always been a "scam" where people keep paying more money to match difficulty, that is inherent in the design. This is just the natural progression, CPUs started it, GPUs being faster more specialized CPUs took over, and now fully dedicated processors in the form of FPGA/ASIC are on the scene. This is the root of bitcoin, and it isn't necessarily a problem.

W = V * A, but can be a little confusing after that. See : http://en.wikipedia.org/wiki/Watt#Confusion_of_watts.2C_watt-hours.2C_and_watts_per_hour

What makes you think the ASICs won't be released?  I think they make take a little longer to send out at the very most, but butterflylabs has pulled through in the past.  I don't quite understand their logic with releasing a unit for $700 that performs better than their $15,000 rig.  They are both going to be released at close times as well. 

If this becomes a trend, which it looks like it is.  Then BTC will turn out to be nothing more than a hardware laundering scam where miners keep paying more money to match the difficulty.  It looks like BTC is going to have to go back to it's roots and set/get some things straight. 

I don't want to see it collapse, but it needs some work. 

I will use the money of the evil union (EU) that completely destroyed economy of my homeland! It is like stealing from government in USSR where it was a honorable thing to do.

If it is a scam why would anybody want GPU rigs anyway. Other than to make a very cheap GPU supercomputer, which is actually very useful in academia [http://www.youtube.com/watch?v=hSVo4ejZ7rc], I just do not see the point.

It would be easier to ask bitcoin miner to simply ship their rigs (shipping could be paid by the interested party) to be recycle for such purpose rather than trying to justify it for bitcoin GPU mining.

Anyway, each its own.

did you not read the rest of the thread before posting this  

You will use MY tax MONEY FOR YOUR PROFIT.

FUCK YOU.

Why on earth anybody would start a GPU mining farm these days weeks away from ASIC delivery? Consolidating existing rigs may be OK over the next few weeks or so but this is the very end of this era in my humble opinion.

Is this a scam?

I thought Amp x Volt = Watt ?? So 20 x 120 = 2400watt??? Or do i over see something here?? just curious..

Sounds more like a government subsidy than being free.

Interesting, in what country are you located ?

There are at least 5 vendors for Bitcoin ASICs, one of them in China in the process of tapeout.
I can't see all of them to be scam, to be honest.

As MrTeal pointed out, Litecoin ASICs would need to compete with GPUs at what GPUs have perfected over a long period of time i.e. working with large amounts of high-bandwidth memory, while still remaining cheap to manufacture. Not likely to happen any time soon if ever.

Because of Scrypt's need for high speed memory access, it is more difficult and expensive to make a Litecoin ASIC than it is to make a Bitcoin ASIC.

And what you derps will do if someone announces Litecoin ASICs and start take preorders for them?

The Bitcoin ASIC is not here and will not be here for long time. Current ASIC preorders are fraud and classic confidence scam.

Probably I need to wait until everyone realizes that no ASIC is coming and then resurrect this thread.

GPU mining won't go away with advent of ASICs.
Litecoin was specifically designed to take on that job.

If one compares the sheer number of GPUs out there and the number of ASICs that will come out of foundries by the end of the year and within next year, one can clearly see that GPU mining is still going to be the biggest game in town for a long time. It won't be mining Bitcoins though.

If anything GPUs won't suddenly disappear, they will simply change hands.

OK I probably got the sense how miners now are thinking about future of mining.

The same people who created bubble in summer 2011 and predicted that 1BTC will cost more than 100$ at the end of 2011

The same people who invested in LGBT

The same people who used MyBitcoin

and The same people who paid to Pirate40

now they are preordering ASICs and believing in poisoned forum with paid signatures advertising ASIC.

I'm not sending my ASIC to ... mystery miners

I'd assume so. Even then, if he lives there at the same time he'd learn very quickly that 200A service isn't going to power a huge DC worth of equipment in your home.

This is the basis for your new business?  You're in a lot of trouble...

By the time you get this up and running, asics should be out and power costs will be negligible for most miners.

You have no idea what was there before and why I changed that text, right?

I will not proceed until everything is done. Right now I'm researching how interested people are in this. Many people are going to sell the GPU mining rigs because of reward halving and ASIC chips. The reward halving is real but in my opinion the ASIC is scam and they will not be delivered. Just like with Pirate. So I think that GPU mining will be the best way to do it in year 2013.

Anyway if you pay more than half of profit for electricity the free electricity can be more profitable. This depends on how we split the profit from mining.

Did you mean 200Amps?

Well...hmm.  I can see how this might be a bad idea...

lol
I'm thinking you should change "I no longer offer services to total strangers..." before offering to take strangers GPUs into your care

good luck with it

Sounds good to me, I'm in the US.  I can't ship any GPUs, but I can start up a US based initiative.  I too essentially have free electricity.  About 20 AMPs at 120v.  So roughly 20,000 watts.  Enough to start up a small pool if need be.  I started a similar thread and got similar responses.  If you send me a PM, we can go from there.

I can assure you I will not be shipping gpus to europe!!

Development project fully paid by European Union.

How to you get free electricity. I want to know?

I'm researching how interested people are in collocating their mining rigs where free electricity is available. I can get free electricity.

The rules about splitting mined coins and who pays replacement parts in case of hardware failure is not yet ready. I'm working right now to get subsidized free electricity. The bureaucracy and paperwork is unimaginable.