Topic: [REFUND PROCESSING COMPLETED] K1 Nanos - Big Picture Mining Cooperative - page 5. (Read 30757 times)

This is very true! Come on K1 Nano Double time!    patiently waiting!  This is really a game changer for small time miners!  And of course you must also monitor the price of the other USB Asic miner, must have a competitive pricing.

IF that so then this will be much more effective than the currently USb Asic Miner that we are using. Just make sure that the pricing is very competitive for small time miners. Cant afford thousand bucks then this is a great alternative.

We are all set now. All we need are Avalon chips. Anyone see the chips from later group buys feel free to shout out and let us know.

Right now we will hold prices at this level and will determine whether or not to mine or sell the remainder of the lots we have as the market matures.

We really think the value we will have is to bundle our K1s with hubs, raspi's and SD cards, but again as we wait on Avalon Chips it is really hard to gauge that price point right now.

V0.3.0 Has been uploaded. Sexy drill holes for the Anodized Red Heat Sink. Hope to have some pictures soon.

Agreed!


Although you say this many times, I really believe K1's have a really small part if none in their price drops.
BE's have no ROI, and still they have thousands of devices to sell. Only option is to drop prices but still being a very expensive device for what it outputs.

Maybe when you can ship, will K1's price become part of the equation.
I really look forward for those days, where buyers don't have to pre-order based on hopes and dreams, so keep up the work!

BE's are not priced at .4 per unit. You  have to buy a minimum to get that price and again you are welcome since we were the first ones to offer that type of pricing which the BE group buys copied directly in order to be more competitive. Too bad they weren't offering that day one rather than gouging their customers. Sad.

As for dropping in price. They won't drop price unless we do so I doubt that will happen and we can all worry about that when we actually get the K1s out to market in 1 to 2 weeks, or longer depending on shipping of Avalon chips, at that point. All we are currently waiting on are the Avalon chips we have all our components lined up and ready to fabricate as soon as Avalon gets us our chips. We are pretty comfortable by working on bundling of K1s with hubs as the market matures in one or two months and that will be something that group buys won't be able to match. We are finalizing our USB hub which will be priced reasonably compared to other hubs offered off the shelf.

We suppose people will either buy or not buy, but what is certain we will be making K1s. We will be paying our royalties to BKKCoins and we will either sell out our lots or we will mine them. Again we are not worried either way and with a potential of terrahashes per second we are keen on offering cloud hashing in the future in our own farm / pool which the COOP members suspect will be a great way to get our K1s to work if they are not interesting to the community for sales. Also given what we have in development we are not really all that concerned with what USB products are on offer currently, as we are never locked into one chip, potentially waiting on some new design that is easily 4 to 6 months away. Having 3 Electrical Engineers as members in our COOP makes that less our problem and more group buy supplier problem. Once the Block Erupters have shot their load, as it were, we will be there to offer the next generation.

Although you might think we MUST SELL at lower rates that is a pretty narrow view for our COOP. Let us worry about the prices and delivery for K1s and let BE's Group Buy leaders worry about keeping up with us. I bet you dollars for donuts they will only drop prices only if we do. Given that is how they have played before I doubt they will change that strategy. We are pretty comfortable with whatever the market brings and 'firesales' to recover our production costs are unnecessary for our COOP. That might be what group buy leaders want for their BE's but we are here for the long term, we have a vision that is hardly limited to K1s and their sales.

Block erupters are going for as low as .40BTC in current group buys and are available right now, so I don't see how a K1 at .47BTC is viable considering these are pre-orders and pre-orders suck!

It's a shame so many folks are at the mercy of Avalon bulk chip shipments at the moment. Unfortunately, by the time you have these ready to ship in a month or two, block erupters will likely be selling for between .20BTC and .30BTC so I hope you can still make a profit selling K1s at that price...

That's true.. but ASICminer keeps flooding the market. Better hurry up!

Ƀ0.47 price looking better and better everyday.

+1 Yes I can see that as well.

Personally as a teacher/principal I see the K1s as an excellent curriculum pathway, introducing bitcoin mining, math, electronics, and physics to students but also it is a great way to have a low cost / low tech entry into bitcoin mining for the first time miner to get an idea of what Bitcoin / Cryptocoins are all about before venturing deeper and ROI for them can be secondary.

If we can get these K1s fabricated and out to people in August through October as planned, (AVALON DELIVER NOW FOR THE SAKE OF MINERVA PLEASE) there is still potential to use them as a solid mining farm base especially if we can release our own designed hubs that can house masses of these units. We are also keen on our future USB miner that we will bundle with the hub and potentially the remaining K1s, but we are not yet ready to release the details just yet. Suffice to say BPMC is not some one trick pony group buy with overpriced products gouging every penny out of the community. We are here for the longer term and we are keen on open source hardware that will be cheaper and available to anyone willing to DIY. We will let you know as soon as we have the K1s ready... but like everyone else in DIY community we are waiting on Avalon to get us the chips.

^the quotes are not fully needed i guess, they were to refer to the fact that the design is fairly finalized, with the laser-etched heatsink (if you can call it that!) and 4 available colours.

I don't doubt the K1 can be made cheaper, and thats what i like to hear! By the time these enter production, difficulty will be through the roof and <0.3BTC prices may be necessary to come near break-even.

I see these 1-chip devices as more of a fun/gift item then a profitable device (unless you resell on ebay apparently), and think that it might be more important to focus on the 16-chip designs if profit is the goal (considering 5-8 of these K1s match the price of most K16 preorders)

Price for BE is the issue for the community not the price for the K1's as we are more than willing to offer rebates if we need to lower prices again. I suspect that won't be necessary if the Avalon chips arrive in a timely manner based on current ROI calculations. The only reason they are LOWER is because of us, and we will say it again you are welcome community. We will see as we get close to production how much lower we are just on MtGox prices. Nearly 0.5 BTC now with the exchange. Correct about delivery dates for any Klondike product and we are well aware of that that and will look at the situation. If delays are prolonged for chips we will review prices. Again August is our expectation all we are waiting on now is really the Avalon chips production is ready. As we begin to bundle our K1s you will see even greater savings.

Air Quotes for "Professional"? Why?

Seems to be a pretty solid product only a few failures I have read about here on the forums although they do run very hot, maybe too hot, and many owners seem to want to lower that temp with after market upgrading to cool them down. K1s when they ship will be a lot cooler.

price is going to be an issue with these, since asicminer is already delivering 'professional' looking devices at 336 MHash for the same price.

I am interested in buying these to get rid of my GPU's. Are you still on track for an August to September delivery? I would like to get at least 20 and possibly more.

People are wondering will the K1 be a viable product coming out of our fabrication by Big Picture Mining Coop. We believe we are ready for any challenges and we are doing what it is required to get working products in hand to our customers.

BPMC Inspection and testing of the K1 Nano PCB should encompass Industry Standards and best manufacturing practice.

Specifically:

Inspection:
Visual Inspection and/or Automated Optical Inspection.
The PCB shall be inspected in accordance with the requirements of IPC-A-600 PCB Inspection Guidelines to insure that a Class II product us delivered to client.

Testing:
The following tests to be performed on a mutually agreed number of sample coupons per production batch:

1. Impedance test traces
2. Access points to power and ground plane pairs
3. Checking the “stacking” of the layers

PCB Functionality Testing:
The following tests to be performed on a mutually agreed number of PCBs from first sample batch run:

1. Analog signature analysis.                                                                   (power off)
2. In-Circuit test -Power supply (Voltage).                                                 (power on)
3. Clock signal test.                                                                               (power on)
4. Programming test/ PIC functionality test                                                (power on)
5. Ktest via USB (Automated for GO - NOGO signal).                                    (power on)
6. Beta Software test (Function Specific Test using BFG &/or CGminer)           (power on)

After all above test results are found to be acceptable to client, full production line run can commence.
Client may request further samples from the production line to undergo Tests 1-6 above.

We are not Block Erupters funny how they could 'easily' DROP their price taking over a week later to react to the market? I wonder why? Rumours indeed. So they can price how they price (dropping to meet our prices every time so you are all welcome BITCOIN community for forcing them to come down to a REASONABLE price). We are different in a number of ways but here are 3 important ones to remember when the difference in prices is a few dollars. 1. We are giving a ROYALTY to BKKCoins for each K1 we make so see that as a positive and buy our product over the other offerings. Support OPEN SOURCE HARDWARE! 2. We are not looking strictly at one product for the short term gain we a proactive Cooperative and we are producing these items our self we are not a 2nd party reseller we are actually on the fabrication floor testing and shipping these units. 3. We are priced in USD at $49.99 but you pay us in BTC so watch the exchange rate and get better deals when BTC rises against the USD.

In terms of overclock we are waiting on available components and testing of different hubs to find out max on these units. The K1s that BKKCoins have up currently on the Github can hit 350Mh/s as shown in the posts above by Marto76 during his testing beyond that we are not sure given the hub you use or the components. Since we are all waiting on AVALON chips there was talk by BKKCoins for a more "PRO" version of the K1 that could push to the 400+ range but I am not sure how viable that is given it may require changes to the K1 board but if there is a change and frees up more available components for fabrication then you will get that version definitely. However, I suspect that 350 is doable and that is where we will be come our fabrication. Also note that cooling will be good with the K1s unlike the competition space heaters we have a good heat sinks and temps should not exceed 50C to 60C with some air movement. Please follow BKKCoins thread for that information on all the specifications.

Personally I believe having BKKCoins as the designer is going to put the K1 and K16 into some rare territory of the DIY Open Source Hardware community, what we are getting is an EE with decades of insight into PCB design and layout. We really believe that he should be rewarded over other products and hopefully that might persuade BKKCoins to do another run on another chips next year.

The price war which we started is good for the community but as a COOP we are really unphased by group buys scrambling to keep pace unlike us we are not slow to react we can definitely shift gears in different directions given that we have 15 members in 8 countries spread across the globe with 3 Electrical Engineers. We have other ways to meet or exceed their offers and we will. Stay tuned for a USB hub kit, that we are producing in house, that could change the game significantly when we potentially bundle these with our K1s.

So how is the overclocking on these done exactly? Is it through the firmware, or a cgminer command switch?

Also what's the likelihood of being able to get them at 333Gh/s to at least be able to match the Block Erupter sticks?

Was seriously considering ordering at least 5 of these which is around $55 each shipped, but the price on the Erupters just went down to ~$45-$50(.47-.55BTC) shipped depending on quantity and they're shipping now. I like the idea of being able to overclock them and such, but without a solid 333Gh/s at least it's just not looking like as good of a deal.

I have currently got Shipping setup for the following countries. Will continue adding shipping options to those without Fast Package & EMS Merchandise.

Regular Package/Fast Package/EMS Merchandise
Australia
Canada
China
Germany
Hong Kong
Netherlands
New Zealand
Poland
Russian Federation
Sweden
Switzerland
United Kindom
United States

Regular Package
Argentina
Australia
Austria
Bangladesh
Belgium
Brazil
Bulgaria
Canada
Chile
China
Colombia
Costa Rica
Cyprus
Czech Republic
Denmark
Dominican Republic
Ecuador
Egypt
Finland
France
Germany
Greece
Hong Kong
Hungary
India
Ireland
Israel
Italy
Japan
Jordan
Kuwait
Malaysia
Malta
Mexico
Morocco
Netherlands
New Zealand
Nigeria
Norway
Pakistan
Peru
Phillippines
Poland
Portugal
Romania
Russian Federation
Saudi Arabia
Singapore
Slovakia
South Africa
Sri Lanka
Sweden
Switzerland
Taiwan
Thailand
Turkey
United Arab Emirates
United Kindom
United States
Vietnam

Ok guys sorry for the long wait but the site is live again with Regular Package available for the following countries.

Mexico New Zealand Switzerland Russian Fed UK Australia Germany US Canada Belgium

I will continue adding options and countries progressively today so stay tuned

Site is down to get those wonky shipping costs fixed. We are trying to rework the SKU settings on the site so that the cost of shipping is tabulated correctly. We hope to have it up again as soon as possible.