Topic: Novello Technologies new Mining System Project, prices as low as $0.3/GH - page 3. (Read 40764 times)

Brief is good


1. Re: the above - since you mention 'detects' rather than the usual approach of simply trying to draw current until voltage drops below a threshold - Done via negotiation, I presume, unless you're using a passives setup corrected for on the hub specifically.
2. Great!
3. Yeah, I guess I'd fall to the other side of the line there, but fair enough

Name: Time to think of one
Temp sensor: excellent
Collab with devs: good

Hi Steve,

Just about to leave, but I saw your post and thought it rude not to reply. Sorry it's brief.

1. The NOVA-S internal regulator will take power direct from a USB port, but since the current draw is limited to 0.5A on USB2 and 0.9A on USB3 it will adjust the chip clock speed (and voltage) to suit. this will limit now much it can hash, it won't be anything like full speed, more like 1/15 - 1/10.
The regulator is intelligent, so no polyfuse is needed, it will never put too much stress on the host system unless it detects that the host is our NOVA-HH. It has high current ports that can supply adequate current to tun the miner at full speed.

2. The fan controller will still work under any power source. The regulator 'talks' to the hashing module microcontroller and if the chip's getting too hot then the clock speed will be reduced and the fans allowed to run for a short while until order is restored.

3. The AC adapter. Yes, I appreciate what you say but I think you've answered your own question. if we supply the adapter then the customer gets what we know will work and even though it cost more than simply telling the customer to buy their own, it's a much more reliable solution for both parties. We want to make things as easy and simple as possible for our customers - and ourselves.

We don't have a name for the chip as such, it does have an on chip temperature sensor.

And as regards your last question we would plan to work with one of the existing developers. We've tried to make the systems as flexible as possible, hence the use of the 32 bit micros on every hashing module and the Pi system controller. It should be reasonably easy for a developer to design the necessary interface.

Hope this answers your questions?

Hello  
As you said
This is a public forum, and so everyone can put in their piece whether I like it or not.
I am watching this thread closely. Keep good work going Novello
By the way what happened with your planned meeting with members of the forum?

Thank you in advance Novello...

Good morning everbody,

I apologise for not posting the past few days, but I've had some other issues that needed my attention and regrettably stlll do so I'll be limiting my appearances here. As always, I'm more than happy to answer any technical or other questions, but due to the Signal to Noise ratio on these forums I'd ask that if you have a real question that you would like answered, please pm me or use one of our company email addresses. That way you'll get the reply and you can post it if you wish, just don't want a real question to get lost in the noise.

I want to thank everyone that sent us messages of support, much appreciated. I also want to give a special thank you to Aerobatic who posted in another thread about conversations I had with him over the course of the last few months. It took some balls for him to even suggest that we might be real and it's testament to his character. I asked him last night if he would mind if I reposted it here and he gave his permission, but on reflection this isn't his battle, if you want to read his post you'll find it easily enough.

See my new best friend Mr. Gage has been very busy. I'll come back to him later, but today I'd like to explore one of the subjects we raised in our proposal, namely the growth of network hashing power. A lot of people seem uncertain about how it will affect their mining earnings and how quickly it might grow, especially since the online calculators are confusing. Today I'll outline a simple way to construct your own estimates, it's got nothing to do with our project directly and it's not based on our hardware, but it was used to calculate some of our metrics, hopefully you might find it useful.


So starting with the basics, mining is essentially the same as playing the lottery, if the odds are 14,000,000 to 1  and 14,000,000 people buy tickets with individual numbers then someone will win the jackpot. Real life doesn't work that way of course, because lots of people put in the same number combinations but probability tells us that if the odds of winning are 14m to 1, then your ticket has as much chance as everyone else, and if you keep paying with the same numbers over a very, very  large period of time then eventually you will win. If you buy two tickets (with different numbers) you double your chances of winning. Mining is similar, except the tickets are hashes per second so the more you have, the better your chances in the lottery. Not the best analogy perhaps, but bear with me. Most people mine in Pools, which in this game is sensible as the Pools put everyone's 'tickets' together to better the group's chances of a win, then everyone get a share proportionate to the effort they put in - or effectively the number of 'tickets' they bought.

Calculating a good estimate of your probable earnings at any given network hash rate is actually very simple, and you don't need to know the difficulty to do it - remember that the difficulty is dependent on the network rate, not the other way around. In basic terms, if the network rate is 100,000 TH and you have 1TH of individual hashing power as part of a large pool, then over time your earnings will be 1/100,000 of the daily reward available. Today the network rate is 86,000TH approximately and 1 Btc = $664 (bitcoinwatch.com), so today's block rewards will be approximately 24(hours) x 6(blocks per hour) x 25 (No. of Btc for block solution) x $664, ie $2,390,400. Your 1Th should earn you on average 1/86,000 of that amount - $27.8 less your pool fees and approximation errors, say 4% leaving you $26.68. It's then really easy to throw yourself together a spreadsheet with your predictions and evaluate for yourself what might happen if the network grows at X rate and how it will affect you. The only other factor you have to consider is your power useage, particularly if you live in a region with high energy costs such as the UK. This again is dead easy if you know how much power your miner consumes, if it's 1kW (really should talk about kVA here, but for the purposes of this exercise we'll keep it simple) and you pay 10 cents per kWh (I wish) then it's daily cost is 24 x 1 x $0.1, ie $2.4. take that off your net earnings and you'll have a final $24.28.

If you want to predict over a long time frame it makes sense to predict the network rate at the middle of the month, it will be less at the beginning and more at the end, but since growth from now on will be largely linear it all averages out. We've made some predictions about how we think the network rate will grow and used this to predict how much 1TH will earn over time based on different energy consumptions per Gh calculated. From that we can then see how long it will take to earn enough money to pay for the mining system. We took a nominal time of 6 months but you can do the calculation for any period. We also took into account energy costs as they account for proportionately more of the cost of mining as the network rate increase. At the end of the six months you can see the cumulative net earnings of your TH (or any other figure you want to put it), so to figure out how much you should pay for it in the first place, divide it by 1000 ( or the GH/sec of your chosen system) and you can tell how much you should pay per GH of power under these conditions. You can also play around with the value of Btc to see what might happen.

It is really very, very simple to do, if anyone wants a copy of the spreadsheet to do this, please pm me.

I don't have too much time today, too much plotting and planning for our evil scheme to attend to, but I will get back to the people that asked relevant questions later today or early tomorrow.

But now onto Mr. Gage.

This is a public forum, and so everyone can put in their piece whether I like it or not. I've never attempted to remove anyone's postings that I don't like for one very important reason, I believe in the concept of Free Speech, and much though I despise it's misuse by the UK media and others, I'll defend it until the day I die. It's a non-negotiable prerequisite for a true democracy, take it away and you'll have a very quick descent into George Orwell's worst nightmare. So Mr.Gage, I'm not going to pass any detailed comment on anything you've written but whether I like what you said or not, I'll still defend your right to say it, as long as you don't lie or make stuff up. If you have detailed questions you want to ask that haven't already been answered, please put them on a list and I'll get back to you. Please remember that while you might enjoy posting lots of comments, many other forum members don't necessarily want to wade through pages and pages of views from just one person. The more you say, the less people pay attention and so might miss your message or just skip over your posts altogether. Just a friendly suggestion.

You're welcome, bud, even though they're probably amassing orders elsewhere, not to mention the moneys they'll make here whether or not they reach their goal or not: https://www.indiegogo.com/projects/ultra-low-cost-bitcoin-mining-systems--2

Since he disappeared after PG's barrage it would seem to be that PG was correct. Again. Thanks PG.

So whats the deal with Novello?

Scam or busy creating miners from thin air?

I wondered what happened to Novello ever since they popped up in another thread with an announcement of sorts.

As much as I enjoy reading this thread (both the scam accusations and the lengthy descriptions), I did have to go  +  at the transparent logical fallacy.

---

Novello: if against all apparent odds things are above board and you get your funding (either crowdfunded or via additional VC/Angel investment), I'll happily list the Nova-S in my StickMiners thread, now that it seems it can run without external power.  (I know - best incentive ever.)  Obviously using the external power port would make more sense if going for maximum hash rates.
( as an aside - all chip manufacturers should put out a reference miner design for their chips, using 1 chip or more (in case of chaining/stringing/whatever you want to call shared resources that can present unique challenges), and I was happy to see AsicMiner do as much for their BE200 )

Some technical questions about power supply:

• Is the Nova-S board designed to handle drawing greater current off of the USB end, or will it max out - and if so, where would it max out? (e.g. is it self-limited to USB 3 spec / is there a PTC fuse / etc.)
• If powered via USB-only, are the fans and fan controller going to work, or is that squarely behind the external power?
• Wouldn't it make sense to ship the Nova-S without the AC adapter and just tell people what they need?  Saves inventory, S&H, messing about with what plug people need (UK vs Europlug vs U.S. vs see wiki and be afraid, be very afraid) and thus ultimately cost, at the low risk (given the audience - well, most of the audience) of complaints about needing to buy a separate adapter / people buying cheap adapters off of aliexpress with output so noisy they can probably pick it up on their teeth fillings and then wonder why the miner keeps dropping.

All the good stuff about the chip (pin count, bga pitch, on-die temp sensor, etc.) seems to be behind NDA, so I'll ask only this about the chip: does it have a (tentative) name?

A last one regarding software: do you expect to A. be working together with the developers of various mining software to cater to those not using the RPi+minepeon combo, or will you B. fork (and preferably not ignore the applicable license(s), as some have done) and/or C. provide a full custom  (webserver-based) solution?

I know they/he will.
In meantime just check this: https://www.youtube.com/watch?v=-DT7bX-B1Mg#t=42
The best way to describe Novello.

To further prove that what I speak is the truth, rest assure that Novello will come on this here board and deny it.

Novello Technologies is run by none other than this guy: http://en.wikipedia.org/wiki/Alan_Ralsky

http://www.slrconsulting.com/us/locations-map/?l=eu
https://www.google.co.uk/maps/place/SLR+Consulting+Ltd/@55.867166,-4.273208,17z/data=!3m1!4b1!4m2!3m1!1s0x0:0xccadfb09f37807b9

https://www.google.co.uk/maps/place/SLR+International+Corporation/@47.796974,-122.206792,17z/data=!3m1!4b1!4m2!3m1!1s0x0:0x4bfce0d8f0da8443


http://www.thegeologistsdirectory.com/companydetails.aspx?id=5027

https://opencorporates.com/officers/38052370

https://www.linkedin.com/in/spotz

https://twitter.com/Spotz/status/412191125651587072


http://www.spoke.com/companies/perfectest-corp-3e122f809e597c10033b0a33


http://perfectest.com/

Visit our PCB discussion area: http://perfectest.com/pcbforums/

Where the hell you get this from?

I was really against this from the beginning as this just  smell from mile away.
But this?

Is it really the same guy behind it or just pure luck to match them two at same details?

20 minutes? so looong  , in Estonia the record to get a new company from blank-2-registered is 8minutes But VAT takes some human interaction - therefore takes more time

This is the reason why you need to state who it is and what experience your teams has if anyone is going to believe you can pull this off. I have to agree Dogie this is a security not a hardware post.

Looks like they no want to get into a pissing contest with old, toothless Phinn.

I'm going to be outta pocket the rest of the day, so I might as well play this card now.

You know who else has an entity at the same address as Novello? This guy: http://www.spamhaus.org/rokso/evidence/ROK1310/alan-ralsky/partners-in-spam-rayed-esseily-stuart-l.-ralsky

Then, they try to use it as a badge of honor, not realizing they're screaming at the top of their lungs that they're a scam, i.e. "Look at us! Look at us! We's legit! See, we's registered, ergo we's not a scam. Now, yous paid naysayers back the hell off, for there's still money left on the table and we plan to get ours."

Nefario comes to mind.

Hence ghash.io registering in the UK......

It's means nothing tbh.