Topic: TekStart Bitcoin Miner - 1.5TH/s expands to 10TH/s (Read 1354 times)
kICKSTARTER seems to be the right place for it....
I am curious if someone will buy it 
interesting.
Not for my wallet this kind of amount... :p
Who does your chip design?
Have you considered kickstarter?
Have you considered kickstarter?
Traditional fund-raising methods have been running in parallel for several months now.
Yes but! Yes but! Yes, but you aren't seriously expecting to find Venture Capital on Ebay are you? I admire your chutzpah but I wouldn't spend that much on a perpetual motion machine without a demo...
For that hash-rate/price there is really nothing strange about it. He's just selling a cad design using BFL 28nm chips. Good luck getting a hold of all the components before Christmas 
BFL claims their chips are on a 65nm process.
g8bluSti -> We are trying to avoid the same mistakes as BFL!
This is legit guys.
Honestly, I have never seen such a bunch of skeptics. Did Avalon and BFL do that much damage? I would be interested because we don't want to make the same mistake.
Here's the deal ... ever since the telecom/dotcom bust of 2001, the VC/angel community has punished the hardware community by snubbing its nose to legitimate companies with great semiconductor ideas. They were then spoiled by the eBay/Google/Facebook/Apple software apps. On one hand, I don't blame them. If you invest $1 in hardware, you may get $3 back at best. In software, you can get $10 to $20 (or more).
So why would you want to invest in hardware? Simply put, you can't run software without hardware. The VC's don't see it that way or refuse to see it.
As a result, we (the hardware collective, like the Avalon's, BFL's, BitFury etc.) cannot get the $2M to build this stuff. Therefore, we have to resort to some sort of investment play. Avalon and BFL chose to pre-sell. Where they failed is that they do not have experience in this market like we do. So when they designed and built this and it didn't work - DOH! We have to get help testing and debugging it. I don't know these guys personally, but I think it's the classic S/W engineer vs/ H/W engineer battle. We see it every day. S/W guys think H/W is easy. H/W thinks the S/W guys are idiots. Until the day, one of them has to work on the other side of that "wall". Then they learn a quick lesson. But that's a topic for another day.
We are a US (CA) based hardware team with >150 years experience. We don't have $2M in the bank and we're not putting our collective homes up for collateral to the bank. At least not the married ones.
So let me clear up a few misconception on the eBay ad:
- We are looking for an investor with deep pockets. To build a 10TH/s system is not for the faint of heart. The $425K amount is just to take the FPGA protoype to ASIC and produce the first box (the investor gets to keep the box and generate revenue with it).
- Once that works, then we will either pre-sell the 10TH/s boxes for $95K each and then go to production, OR we will have the same investor take this to the next level and pony up the remaining $2M needed to go to production of the boxes. The investor would then either take a fixed number of boxes for themselves, or market the boxes themselves. Anything is a possibility.
- IN ADDITION, we will also sell our ASIC chip (10GH/s) on the open market to all who wish to build custom boxes (a la the Avalon method). Currently, the projected price is $50 per chip.
An alternative strategy is to presell the chip order and foprget about systems altogether. That said, the investor would need to come up with about $1.2M (instead of $2M).
Let me know if this is interesting to you. You know how to reach us.
Cheers
This is legit guys.
Honestly, I have never seen such a bunch of skeptics. Did Avalon and BFL do that much damage? I would be interested because we don't want to make the same mistake.
Here's the deal ... ever since the telecom/dotcom bust of 2001, the VC/angel community has punished the hardware community by snubbing its nose to legitimate companies with great semiconductor ideas. They were then spoiled by the eBay/Google/Facebook/Apple software apps. On one hand, I don't blame them. If you invest $1 in hardware, you may get $3 back at best. In software, you can get $10 to $20 (or more).
So why would you want to invest in hardware? Simply put, you can't run software without hardware. The VC's don't see it that way or refuse to see it.
As a result, we (the hardware collective, like the Avalon's, BFL's, BitFury etc.) cannot get the $2M to build this stuff. Therefore, we have to resort to some sort of investment play. Avalon and BFL chose to pre-sell. Where they failed is that they do not have experience in this market like we do. So when they designed and built this and it didn't work - DOH! We have to get help testing and debugging it. I don't know these guys personally, but I think it's the classic S/W engineer vs/ H/W engineer battle. We see it every day. S/W guys think H/W is easy. H/W thinks the S/W guys are idiots. Until the day, one of them has to work on the other side of that "wall". Then they learn a quick lesson. But that's a topic for another day.
We are a US (CA) based hardware team with >150 years experience. We don't have $2M in the bank and we're not putting our collective homes up for collateral to the bank. At least not the married ones.
So let me clear up a few misconception on the eBay ad:
- We are looking for an investor with deep pockets. To build a 10TH/s system is not for the faint of heart. The $425K amount is just to take the FPGA protoype to ASIC and produce the first box (the investor gets to keep the box and generate revenue with it).
- Once that works, then we will either pre-sell the 10TH/s boxes for $95K each and then go to production, OR we will have the same investor take this to the next level and pony up the remaining $2M needed to go to production of the boxes. The investor would then either take a fixed number of boxes for themselves, or market the boxes themselves. Anything is a possibility.
- IN ADDITION, we will also sell our ASIC chip (10GH/s) on the open market to all who wish to build custom boxes (a la the Avalon method). Currently, the projected price is $50 per chip.
An alternative strategy is to presell the chip order and foprget about systems altogether. That said, the investor would need to come up with about $1.2M (instead of $2M).
Let me know if this is interesting to you. You know how to reach us.
Cheers
Even if this is real it sounds like they're making the BFL mistake of thinking they can just slap this together. Stuff like this takes time.
? ummm
Are they kidding. $425,000 and your going to give me a $45 Raspberry? WTF. If it's worth so much build it and mine yourself.
For that hash-rate/price there is really nothing strange about it. He's just selling a cad design using BFL 28nm chips. Good luck getting a hold of all the components before Christmas
Not selling the product, just the "right" to the product. If. When. Emphasis on the If.
I like the Raspberry Pi interface idea though. That makes it so much more legit.
I like the Raspberry Pi interface idea though. That makes it so much more legit.
Its might be not fake, if he selling a june-july 2012 place, in BFL pre-order list.
Has to be fake.
yeah,
this look legit to me i havent done any research. but they claim they can deliver next month.
this look legit to me i havent done any research. but they claim they can deliver next month.
http://www.ebay.ca/itm/TekStart-Bitcoin-Miner-1-5TH-s-expands-to-10TH-s-/181148681633?pt=LH_DefaultDomain_0&hash=item2a2d4d85a1
So on ebay, i found this bitcoin miner for sale, not cheap as you can see, range from 332k$ or more.
Im wondering if anyone saw it or im the only one? this hit ROI in 10 days or so!
So on ebay, i found this bitcoin miner for sale, not cheap as you can see, range from 332k$ or more.
Im wondering if anyone saw it or im the only one? this hit ROI in 10 days or so!
funny find. Seems too strange for a scam
http://www.ebay.ca/itm/TekStart-Bitcoin-Miner-1-5TH-s-expands-to-10TH-s-/181148681633?pt=LH_DefaultDomain_0&hash=item2a2d4d85a1
So on ebay, i found this bitcoin miner for sale, not cheap as you can see, range from 332k$ or more.
Im wondering if anyone saw it or im the only one? this hit ROI in 10 days or so!
So on ebay, i found this bitcoin miner for sale, not cheap as you can see, range from 332k$ or more.
Im wondering if anyone saw it or im the only one? this hit ROI in 10 days or so!
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