Topic: Musing on a new ASIC for Bitcoin Mining - page 3. (Read 1974 times)

+1


Would also love to hear more

If you can prove you have a working product, send it to some bloggers to get some more PR, allow miners that live close to you to come see the ASICs in person, provide REALISTIC shipping estimates, and competitive prices, you could make a ton of money. The smaller your shipping time, the more money you'll make.

If you do the following:

1) Make a product
2) Sell it for a price that will allow people to profit after 30 days (don't do what Avalon and AsicMiner did, which is capitalize of the fear of not owning one)
3) deliver it too some bloggers
4) open you manufacturing facility to be viewable (photos, webcams, etc)
5) have a supply line that can ship a product to a user in < 30 days
6) be ready for a flood orders

then you sir will have a crazy cash machine on your hands. . ..in the end with bitmining, it's the hardware makers that will make "bank"

If you can actually produce and ship an ASIC you'll have a goldmine, but considering how many people promise ASICs and how few deliver don't expect anyone to trust you until you've put working machines in the hands of trusted people in the community.

Shipping product is only really a function of planning and experience.

Too soon to talk of price but this looks like a fairly small chip, to us at least.  So the manufacturing cost should be very low.

I think I speak for many when I say it'd be great to see another ASIC company in the market, especially one that is actually able to ship products.

If you decide to produce this I would certainly like to hear more -- and probably buy a few miners, depending on price of course.

I've been looking at the Bitcoin community for about two weeks now.  This started as my company has received numerous requests for an FPGA or ASIC solution for bitcoin mining.

   My company is a small design house that primarily designs ASICs, but also some FPGA and PCB level products.  We have even done a fair amount of small quantity production.  All of our engineers have 20 to 30 years of experience in design and development and we have collectively, successfully completed over 40 ASICs and many FPGAs and system level products.  Personally, I am a former VP of engineering for a supercomputer company and an accomplished processor architect.

   So just for kicks and chuckles I coded up my own SHA256 engine and built a bitcoin miner.  My first effort was to push the design through the Xilinx design tools and see where we stand.  I decided to only use the main fabric of the FPGA (no DSP or Block RAM) so that the design will easily translate into an ASIC later.  Here are my results:

   Xilinx Kintex 7   XC7K160-1   400 MH/s  at 10.12 Watts
   Xilinx Kintex 7   XC7K160-3   500 MH/s  at   9.81 Watts

   Those power numbers suggest that I could push the -3 version faster.

   Interesting but it seems that the community needs ASICs.  So we are doing a trial place and route of this verilog design in our ASIC tools to see where we are with an ASIC.