We will not have BFL ASICs "very soon", we might have it in 2 months or so but not very soon.
I disagree and repeat that we will have more BFL ASICs very soon.
Topic: 📈 NastyFans: The Bitcoin Enthusiast Fan Club (est. 2012) - page 156. (Read 959381 times)
I disagree and repeat that we will have more BFL ASICs very soon.
Well just trying to be constructive. This is some 200 Mhs for 1 BTC and we can have it in a week and start mining. I am just skeptical about BFL's ability to deliver shortly. They have too many problems with their products.
This. We will not have BFL ASICs "very soon", we might have it in 2 months or so but not very soon. 
OG, have you looked into doing a group buy for avalon ASIC chips? Buying the ASICminer block erupters is a huge ripoff, but these chips aren't too pricey in a group buy. A user named Steamboat on here has a really nice looking group buy, and also has a company sourced to produce the Klondike 16 open source PCB.
it is only ~ 1.376 BTC for 16 chips for one of the K16 boards. Each board would give 4.5GHash. The cost for the PCB and other necessities is about 100$ each
Link to the group buy is here:
https://bitcointalksearch.org/topic/liquid-synergy-designs-inc-asic-mining-hardware-192916
He is already on his fourth group buy batch for the chips. I bought some for myself, but seeing as I just bought some seats for your fan-group, I thought you might have interest.
it is only ~ 1.376 BTC for 16 chips for one of the K16 boards. Each board would give 4.5GHash. The cost for the PCB and other necessities is about 100$ each
Link to the group buy is here:
https://bitcointalksearch.org/topic/liquid-synergy-designs-inc-asic-mining-hardware-192916
He is already on his fourth group buy batch for the chips. I bought some for myself, but seeing as I just bought some seats for your fan-group, I thought you might have interest.
Well just trying to be constructive. This is some 200 Mhs for 1 BTC and we can have it in a week and start mining. I am just skeptical about BFL's ability to deliver shortly. They have too many problems with their products.
One question - will Nasty be using p2pool? If so, how will merged mining be handled? This appears to be a better choice than relying mainly upon normal pools.
NASTY MINING is already using P2Pool on a local Linux machine. NastyFans.org also has it's own P2Pool server and you can even connect to it and help mine. We aren't currently merged mining, but how proceeds from alt coins would best be handled is a great question. A lot of work needs to be done before I can give you a great answer. P2Pool and merged mining definitely pose some interesting possibilities that have been contemplated at great length.
Code:
"url" : "nastyfans.org:9332",
"user" : "Donate",
"pass" : "Password"
I think that < 10GH\s for 51.99BTC is a good offer.
My only concern is that at current difficulty the ROI on this would be at least 4 months.
But by this time we could have more BTC for the upgrades. My concern is that we are not mining and therefore we have no purchasing power. And BFL has let down its customers so many times...
I don't think that 10GH/s for 52BTC is a good offer. Exhausting our savings on an inferior product for 10GH/s is a bad idea. BFL will begin delivering very soon and all ROI estimates will be thrown out the window.
Thank you. I think given the delays and available equipment we should rather sooner than later think of buying more mining power. I think that < 10GH\s for 51.99BTC is a good offer.
http://wtcr.ca/catalog/product/bm-ambe1-01
The question (is if we choose so) how could we finance this if we have only 80% of the price today.
It is only some 10BTC. On this occasion I would opt for a rule with regards to upgrading. In the future we should be upgrading asap when we have enough funds to pay for the best available offer on the market (excluding eruptor USB stick toys of course however I might be wrong).
What do you think ?
http://wtcr.ca/catalog/product/bm-ambe1-01
The question (is if we choose so) how could we finance this if we have only 80% of the price today.
It is only some 10BTC. On this occasion I would opt for a rule with regards to upgrading. In the future we should be upgrading asap when we have enough funds to pay for the best available offer on the market (excluding eruptor USB stick toys of course however I might be wrong).
What do you think ?
My only concern is that at current difficulty the ROI on this would be at least 4 months. While this isn't huge I can't help but feel BFL is finally getting their act together and will start shipping and get through their backlog within 2-3 months, then we'd be able to order off-the-shelf and without the large price markup. Don't get me wrong - I want mining power ASAP, but I think the price for the power isn't worth it.
But by this time we could have more BTC for the upgrades. My concern is that we are not mining and therefore we have no purchasing power. And BFL has let down its customers so many times...
If so, how will merged mining be handled? This appears to be a better choice than relying mainly upon normal pools.
Just FYI, BitMinter does merged mining (MM) for NMC and Bitparking does MM for NMC, IXC and DVC. Both MM on stratum and claim to be ASIC ready (Bitminter had a share of ASICMINER mining there)
It may be best to wait until another generation is announced, as a smaller feature size (<32nm?) would provide a relatively significant improvement. That advancement will be the primary way of remaining ahead of the game in the coming months, and it can only be taken advantage of with an available pool of wealth. Stretch too thin and Nasty won't have maneuvering room.
If there weren't BFL orders already in place, acquiring ASICMINER hardware would be a good move. However, BFL is delivering now. With the amount of equipment due, it will take a little while to pay itself off in BTC terms (mere days in dollar denomination).
I think a more prudent plan is to allocate 10-20% of current liquid funds to purchases from each manufacturer, weighted based on past delivery performance, hardware capability, and business relationship. There may also be some value in holding a small percentage of funds in alternate chains.
One question - will Nasty be using p2pool? If so, how will merged mining be handled? This appears to be a better choice than relying mainly upon normal pools.
If there weren't BFL orders already in place, acquiring ASICMINER hardware would be a good move. However, BFL is delivering now. With the amount of equipment due, it will take a little while to pay itself off in BTC terms (mere days in dollar denomination).
I think a more prudent plan is to allocate 10-20% of current liquid funds to purchases from each manufacturer, weighted based on past delivery performance, hardware capability, and business relationship. There may also be some value in holding a small percentage of funds in alternate chains.
One question - will Nasty be using p2pool? If so, how will merged mining be handled? This appears to be a better choice than relying mainly upon normal pools.
Thank you. I think given the delays and available equipment we should rather sooner than later think of buying more mining power. I think that < 10GH\s for 51.99BTC is a good offer.
http://wtcr.ca/catalog/product/bm-ambe1-01
The question (is if we choose so) how could we finance this if we have only 80% of the price today.
It is only some 10BTC. On this occasion I would opt for a rule with regards to upgrading. In the future we should be upgrading asap when we have enough funds to pay for the best available offer on the market (excluding eruptor USB stick toys of course however I might be wrong).
What do you think ?
http://wtcr.ca/catalog/product/bm-ambe1-01
The question (is if we choose so) how could we finance this if we have only 80% of the price today.
It is only some 10BTC. On this occasion I would opt for a rule with regards to upgrading. In the future we should be upgrading asap when we have enough funds to pay for the best available offer on the market (excluding eruptor USB stick toys of course however I might be wrong).
What do you think ?
My only concern is that at current difficulty the ROI on this would be at least 4 months. While this isn't huge I can't help but feel BFL is finally getting their act together and will start shipping and get through their backlog within 2-3 months, then we'd be able to order off-the-shelf and without the large price markup. Don't get me wrong - I want mining power ASAP, but I think the price for the power isn't worth it.
Thank you. I think given the delays and available equipment we should rather sooner than later think of buying more mining power. I think that < 10GH\s for 51.99BTC is a good offer.
http://wtcr.ca/catalog/product/bm-ambe1-01
The question (is if we choose so) how could we finance this if we have only 80% of the price today.
It is only some 10BTC. On this occasion I would opt for a rule with regards to upgrading. In the future we should be upgrading asap when we have enough funds to pay for the best available offer on the market (excluding eruptor USB stick toys of course however I might be wrong).
What do you think ?
http://wtcr.ca/catalog/product/bm-ambe1-01
The question (is if we choose so) how could we finance this if we have only 80% of the price today.
It is only some 10BTC. On this occasion I would opt for a rule with regards to upgrading. In the future we should be upgrading asap when we have enough funds to pay for the best available offer on the market (excluding eruptor USB stick toys of course however I might be wrong).
What do you think ?
Good. Can we please get an update what are our next steps, what hashrate\seat we are expecting in the coming weeks given BFL is shipping in the next ten days or so ?
Cheers!
Cheers!
I'd rather not speculate until we have BFL products in hand, especially since I haven't received a request to send back our current singles yet. However, if I must... Since we hit our 1MH/s per seat goal with the FPGAs, my next goal would be to increase that to at least 10MH/s per seat with the first batch of ASICs. Once all of our ordered equipment arrives, we should be over 20MH/s per seat, and hopefully much higher when we choose to spend our BTC holdings on more equipment. Right now with the price of currently available ASICs, I think building up a savings and waiting for the opportune moment to reinvest is the path we should take while waiting for BFL to ship our current orders.
Good. Can we please get an update what are our next steps, what hashrate\seat we are expecting in the coming weeks given BFL is shipping in the next ten days or so ?
Cheers!
Cheers!
Noticed NastyFans is down, there any issues or problems, or just maintenance?
They should be announcing this left and right. But at least some news. Thank you.
They are shipping more today supposedly and have shown a working 50GH/s unit at the bitcoin conference.
Seems that BFL must have very serious problems with the equipment. It's really frustrating. I doubt we have them this month. Do we have any idea when they are shipping?
Distribution 236654 is complete. Thank you for donations.
I am deciding my vote in the poll. One of the poll option is "Yes. Auction some Butterfly Labs preorders and buy ASICMINER cards.". May I know how many does "some" refers to? How many preorders do we have and how many are we planning to sell if the majority vote for the selling option?
I think it is not possible to be more specific. There are too many variables. OgNasty says it also depends on price. Later preorders are maybe not enough for the expensive ASICMINER hardware.
I am deciding my vote in the poll. One of the poll option is "Yes. Auction some Butterfly Labs preorders and buy ASICMINER cards.". May I know how many does "some" refers to? How many preorders do we have and how many are we planning to sell if the majority vote for the selling option?
Most people got involved in this venture because of the early preorders. It seems like a slap in the face to those people to auction some of them now. That being said, if enough seat owners want to do this, I have no problem putting up a vote to see how everyone feels on the subject. Personally, it would have to be an outrageous price for me to want to do it.
I agree with everything you just said.I'm in agreement as well, I think selling our preorders at this point is just a form of cannibalism as well.
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