Topic: Unofficial BITMINE CoinCraft series 28nm ASIC miners thread - page 25. (Read 202946 times)

You have to remember that you are not seeing the average... only peaks...

If many peak in harmony, you see something like that. Just as the low, is many of us in a sour-spot. (Could be that we lost connections with a farm, got a lot of errors, just got lucky, or the day just got cooler.) In addition to machines added to the network, and other machines being pulled-off the network.

https://blockchain.info/charts/ <-- Logarithmic Scale, with 7-day roling avg, 1-year
(Growth is actually slowing-down. Technology-limit and lack of new farms.)

Also, miners hop onto other coins that are better value than BTC to mine, and come back when BTC is a better value to mine.

There are a lot of factors. You need to focus on the 3-day to 7-day rolling avg, or the log-charts.

But yes, 20PHs is a lot to add to a network, but that is only 20,000THs at most... 10,000THs + harmonic-peaks.

Split among the orders... (Includes China-MFG and ScryptASIC which does sha256 also)
0.1THs (6x MFG) ~6.0THs (10x Production, ant-usb-farms, old-BFLs, misc.)
0.2THs (6x MFG) ~1.2THs
1.2THs (5x MFG) ~6.0THs
2.4THs (3x MFG) ~7.2THs
3.0THs (1x MFG) ~3.0THs
3.6THs (1x MFG) ~3.6THs
TOTAL HASHING ~ 27THs * 50-units/day * 15-days = 20.5PHs

(50 units seems to be about the avg claim. 15 days is just how long they have had to build and test, before shipping. Since claims have been rolling in. Both I believe modest estimates. 7-days if it comforts you, with the harmony-theory.)

A place MFG 100 a day, could only test 50 for half as long... I would assume, unless they have some crazy power setup. (Seeing as most power is used for MFG. Not to mention the electric bill. Though that would be 10%-50% of consumer prices for electricity. Monthly dumps anyone? lol.)

China, I am sure, is using robots to assemble 1,000+ a day...

I believe this may be the last few years for "consumer mining", to be profitable, on any level. Unless they come-up with a 1.0 PHs miner that runs off 400Watts next year, for under $2500. Then limit that to only one miner per person. (Looking at the difficulty.)

Though, I don't see many farms opening up anymore. Diff is slowing-down, no matter which way you slice it. At this technology limit. Now it is a matter of volume, and few are buying that volume, at that price, for that little return.

Best we can hope for is farm failure, as all the hardware starts to break-down and die from overclocking.

Even with $6,000/BTC to $24,000/BTC, this is a tight earning.

Bitmain's sold around 1.5 PH worth of Ants in the last couple of months:
https://blockchain.info/address/1QB8Ds5KbGYBLQa5RyDQ2sVUeSKWf7qgkZ

Between now and when these we're supposed to ship, 20 PH has been dropped unto the network..

I can't help but wonder where from..

Think about, how in the world did the network hashrate increase so much..

There are only a few major ASIC manufacturers, and unless all of them are mining with consumer hardware, I don't see how such an increase was possible.

Bitmine's got about 4 PH in orders most of which are not shipped yet so it doesn't really count,

Cointerra's dropped about another 3PH (max) in orders since January.

KNC's dropped about another 5PH (max), with another 3.5PH in neptune orders coming in Q2 2014

BlackArrow's shipping the majority of their products in late April..

Fast Hash another 2 PH..

and BFL's dropped a maximum of 2PH.

That totals to 16 PH.. so where the hell did the other 4PH come from...

Again this is assuming that everyone in the business is using customer hardware...

Even at that the network hashrate should be ~4PH lower than it currently is.

So what explains this? Chinese miners?

http://bitmine.ch/?page_id=1001

2.5 The price of the goods shown on the Website is exclusive of VAT (where applicable) at the relevant rate chargeable in Switzerland at the date of your order.

2.6 Where the goods are supplied for export from Switzerland, you will be responsible for complying with all applicable laws and regulations governing the importation of the goods into the country of destination and for the payment of any import duties or taxes which are levied on them.

Bitminer not give prices with tax (brutto), because each state (country) has different Procet
For Switzerland 8%
For the EU probably 21%
USA probably depends upon the state
On de package is a bill with a price. Tax will be calculated in your original country
You have to pay before bring a packet courier. customs will contact with you before.

After reading a bit more and going through the info, it seems theirs 2 queues.... one for rigs, and one for desks. But here is my info, hope it helps sort this out.


Queue Position : 260
Order number : 426x
Date of payment  Dec 12th, 2013
Method of Payment : Wire Transfer
Item: CoinCraft Rig
Speed: 2TH/s
Quantity: 4
Batch: February Last Week
Destination: Canada

The point is: how can you decide to opt for a refund or accept the hardware and mine with it

hey...

one small question -> what kind of size are the fans ? -> 200mm x 25mm ?
for the desk

Yes but that is the point "the day they refund you", if you ask back a refund in BTC, you have no idea how much you will be getting due to the delay in payout.

Let's say I've ordered a 2 TH rig, with 50% CPP that is 3 TH. If I get it delivered soon, with the current difficulty and 20% increases it can only generate about 35 BTC (with free electricity)

If I ask for a refund, I get USD 15k back, which is today BTC 23. But who knows in the 30 day period they have to pay back, what the price will evolve to. You could get BTC 40 or BTC 15, depending if the price goes down or up.

Has anyone tested how much power this thing sucks from the wall in power saving mode?

Update:
I ordered a 600GH Desk in October to be shipped to California USA, ship queue #188. Bitmine informed me Monday morning (Mar 3) that my order would ship soon, with 400GH extra hash power, so I assume I'll get a 1TH Desk. They provided the FedEx tracking number a couple hours later. FedEx contacted me Tuesday morning, asking me to fill out an importer form (tax id, etc) and tell them what materials the "desk" is made of and its country of origin. I replied Tuesday evening with the filled out form and told them it's a computer, not a desk, and that I don't know the country of origin, just that it ships from Switzerland. Delivery was originally expected Wed morning, but we'll see if that gets delayed because I didn't return the form right away. I'll let you guys know if I have to pay any taxes, and how well a 1TH Desk runs in the warm weather here.

Units are priced in USD, you'll either get USD, EUR or an amount of BTC which, at the exchange value of the day they refund you, is equivalent to the unit's price in USD.

spiccioli

Nylon-ties are more friendly, or push-in nylon nipples... Cheaper too... Not to mention, a little easier on the back-plane tension from heat expansion. (Not the ugly zip-ties. Actual short dumbbell-locking ties that look like a nose-ring. They fit into slots that could be notched out of the heat-sink, for attaching. Same with the nipples, a hole on either side of the back-plane and the nipples gently hold it against the socket. Does not require drilling more holes in the back-plane or a board redesign.)

How handy are you with a drill?

Pics, and stats! We are peeing ourselves... and drooling already!

Yes but when do they pay out? It can take 30 days for them to get off their ass and pay you back, in the mean time
the USD to BTC price can vary so much it's difficult to even estimate how much refund you'll get

then is ok for me, i have bought btc when they were 125$

https://bitcointalksearch.org/topic/m.5362648

My understanding is that you will get the USD or Euro equivalent in BTC.

can someone clear me some things?
i have payed 12.3 btc...will i get  A:-12.3 btc or B:-12.3*674=8290$?
thx

using search on bitmine.ch
SEARCH RESULTS: “REFUND”

No products were found matching your selection.

I read out of giorgio massa's statement, He said that means you'll be able to ask the refund starting from February 27th,An appropriate page on our web site under support will be opened tomorrow for anybody willing to ask for a refund and yes, we will be honoring them within 30 days.

Has anybody seen the page on their websit?

first it really was so, later they splitter it to desk and rig queue. until mid january they had only one queue now there are 2 different ones. it is impossible that he has queue #260 in general queue for end of february since i have early january with #36x.

the order number both include desks and rigs  same with queue numbers

its not really low number. bit mine splitter later rigs queue and desk queue. i had in the beginning queue #36x in general shipping queue and later it was changed to #6x in rigs shipping queue. so i am pretty sure that this #260 is only pure rigs queue and does not include any desks, otherwise it would not be scheduled to end of february.