who's going to make the first 50 T/H miner?

kthejung

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Quote from: bitcoin4eva on May 04, 2014, 03:00:47 PM

I'm not sure about that but what will happen when the difficulty just rises too high and miners will be useless? Should they just be thrown away?

I still have my Jalapeno's as a memoir. It will go in my personal museum of the house I buy with bitcoins someday. Wink

samsonn25

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Quote from: bitcoin4eva on May 04, 2014, 03:00:47 PM

I'm not sure about that but what will happen when the difficulty just rises too high and miners will be useless? Should they just be thrown away?

Can be used as space heaters

mikerbiker6

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Activity: 392

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Quote from: bitcoin4eva on May 04, 2014, 03:00:47 PM

I'm not sure about that but what will happen when the difficulty just rises too high and miners will be useless? Should they just be thrown away?

They will be melted in the fires of mordor, where there will be made bycicles out of the metal.

bitcoin4eva

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I'm not sure about that but what will happen when the difficulty just rises too high and miners will be useless? Should they just be thrown away?

s1gs3gv

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ex uno plures

Quote from: samsonn25 on May 04, 2014, 02:36:33 PM

Not when difficulty is 200 billion.

huh ?

samsonn25

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Not when difficulty is 200 billion.

s1gs3gv

legendary

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ex uno plures

The first (effectively) 50TH miner will be built by a group of mathematicians at Cambridge University and will exploit a new SHA-256 attack. It'll run on a network of standard workstations and servers and the code will be written in scala, using akka remote actors.

ETA sometime in 2015. A big prize is waiting.

samsonn25

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Quote from: crocko on May 01, 2014, 04:02:02 PM

Quote from: wanna4fun on April 27, 2014, 05:32:31 PM

Quote from: mikerbiker6 on April 27, 2014, 03:56:56 PM

Bitmain and Gridseed all the way.
These companies have their sh*t togheter, doing what they promise.

Btw, I heard of this new company: Spondoolies. (What a ridiculous name)
They still have to prove themselves but they should be delivering their hardware next month.
http://www.spondoolies-tech.com/products/2-units-of-sp10-dawson-may-batch

I've been shipped ! I receive 3 SP10. They said mid-april starts the delivery, i received the DHL tracking the 17 or 18th of april.
I trust this company.

2 UNITS OF SP10 DAWSON – MAY BATCH
$7,995.00 .... and only 1.4 TH/s of mining power Tongue

No ROI for sure!

Its two units of 1.4Th each = 2.8 TH

crocko

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Activity: 826

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'All that glitters is not gold'

Quote from: wanna4fun on April 27, 2014, 05:32:31 PM

Quote from: mikerbiker6 on April 27, 2014, 03:56:56 PM

Bitmain and Gridseed all the way.
These companies have their sh*t togheter, doing what they promise.

Btw, I heard of this new company: Spondoolies. (What a ridiculous name)
They still have to prove themselves but they should be delivering their hardware next month.
http://www.spondoolies-tech.com/products/2-units-of-sp10-dawson-may-batch

I've been shipped ! I receive 3 SP10. They said mid-april starts the delivery, i received the DHL tracking the 17 or 18th of april.
I trust this company.

2 UNITS OF SP10 DAWSON – MAY BATCH
$7,995.00 .... and only 1.4 TH/s of mining power Tongue

No ROI for sure!

mikerbiker6

sr. member

Activity: 392

Merit: 250

Quote from: Soros Shorts on April 27, 2014, 04:16:09 PM

Quote from: byt411 on April 27, 2014, 08:25:13 AM

Quote from: bjalbert on April 15, 2014, 09:44:35 PM

The problem is the chips wont be getting much faster. 20nm chips is about as far as they will go for quite some time. My prediction is you won't see 10TH rigs till next year

What if we get to 1nm? Then all we can do is build ridiculously large rigs with loads of chips in them, so it has more hashrate.

1 nm won't be possible using silicon. That is about 2 atoms wide.

And even if you could, elektrons would have a significant probability to quantum tunnel through the silicon, which you don't want ofcourse.
I saw an interesting video on this lately, for the people who like to see it: https://www.youtube.com/watch?v=rtI5wRyHpTg

tzortz

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Activity: 728

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Quote from: wanna4fun on April 27, 2014, 05:32:31 PM

Quote from: mikerbiker6 on April 27, 2014, 03:56:56 PM

Bitmain and Gridseed all the way.
These companies have their sh*t togheter, doing what they promise.

Btw, I heard of this new company: Spondoolies. (What a ridiculous name)
They still have to prove themselves but they should be delivering their hardware next month.
http://www.spondoolies-tech.com/products/2-units-of-sp10-dawson-may-batch

I've been shipped ! I receive 3 SP10. They said mid-april starts the delivery, i received the DHL tracking the 17 or 18th of april.
I trust this company.

Best choice you would ever do.

I believe that Spondoolies will produce the first 50 terrahash miner.

Cryptofun2.0

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Activity: 11

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Large firms can get asics cheaper, especially asic manufacturers - so they outcompete da rest with the help of asic buyers

byt411

hero member

Activity: 798

Merit: 1000

Quote from: wanna4fun on April 27, 2014, 05:32:31 PM

Quote from: mikerbiker6 on April 27, 2014, 03:56:56 PM

Bitmain and Gridseed all the way.
These companies have their sh*t togheter, doing what they promise.

Btw, I heard of this new company: Spondoolies. (What a ridiculous name)
They still have to prove themselves but they should be delivering their hardware next month.
http://www.spondoolies-tech.com/products/2-units-of-sp10-dawson-may-batch

I've been shipped ! I receive 3 SP10. They said mid-april starts the delivery, i received the DHL tracking the 17 or 18th of april.
I trust this company.

Be sure to update us when it arrives, I am quite surprised actually.

wanna4fun

member

Activity: 119

Merit: 100

noobie

Quote from: mikerbiker6 on April 27, 2014, 03:56:56 PM

Bitmain and Gridseed all the way.
These companies have their sh*t togheter, doing what they promise.

Btw, I heard of this new company: Spondoolies. (What a ridiculous name)
They still have to prove themselves but they should be delivering their hardware next month.
http://www.spondoolies-tech.com/products/2-units-of-sp10-dawson-may-batch

I've been shipped ! I receive 3 SP10. They said mid-april starts the delivery, i received the DHL tracking the 17 or 18th of april.
I trust this company.

Soros Shorts

donator

Activity: 1617

Merit: 1012

Quote from: byt411 on April 27, 2014, 08:25:13 AM

Quote from: bjalbert on April 15, 2014, 09:44:35 PM

The problem is the chips wont be getting much faster. 20nm chips is about as far as they will go for quite some time. My prediction is you won't see 10TH rigs till next year

What if we get to 1nm? Then all we can do is build ridiculously large rigs with loads of chips in them, so it has more hashrate.

1 nm won't be possible using silicon. That is about 2 atoms wide.

mikerbiker6

sr. member

Activity: 392

Merit: 250

Bitmain and Gridseed all the way.
These companies have their sh*t togheter, doing what they promise.

Btw, I heard of this new company: Spondoolies. (What a ridiculous name)
They still have to prove themselves but they should be delivering their hardware next month.
http://www.spondoolies-tech.com/products/2-units-of-sp10-dawson-may-batch

tzortz

hero member

Activity: 728

Merit: 500

Coin terra , fuck no !

There are many also A1 clones out there ready to go!

byt411

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Activity: 798

Merit: 1000

Quote from: manicminer5 on April 27, 2014, 10:19:06 AM

Quote from: byt411 on April 27, 2014, 09:52:32 AM

You are so wrong. The new KnCMiner Neptunes use a 20nm chip.
http://www.coindesk.com/kncminer-finalizes-design-worlds-first-20nm-bitcoin-asic-miner/

Nobody saw working neptune yet, so it does not exists. I'm no longer believing in preorder markets.

The only ASICS that aren't preorder are Bitmain, Gridseed and Cointerra. That's it.

manicminer5

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Activity: 30

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Quote from: byt411 on April 27, 2014, 09:52:32 AM

You are so wrong. The new KnCMiner Neptunes use a 20nm chip.
http://www.coindesk.com/kncminer-finalizes-design-worlds-first-20nm-bitcoin-asic-miner/

Nobody saw working neptune yet, so it does not exists. I'm no longer believing in preorder markets.

samsonn25

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Activity: 882

Merit: 1003

Quote from: byt411 on April 27, 2014, 09:52:32 AM

Quote from: tzortz on April 27, 2014, 08:37:56 AM

I bet we will stick to 28nm for the whole year.

Nobody achieved asic of 20nm so far.

You are so wrong. The new KnCMiner Neptunes use a 20nm chip.
http://www.coindesk.com/kncminer-finalizes-design-worlds-first-20nm-bitcoin-asic-miner/

knc is a joke. They are the new bfl. Just finalizing the design after taking 25 million in pre order money last year. If neptunes come end of june buyers are fcked with the difficulty

tzortz

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Never done.

There is a whole thread about that.

Do your research.

byt411

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Merit: 1000

Quote from: tzortz on April 27, 2014, 08:37:56 AM

I bet we will stick to 28nm for the whole year.

Nobody achieved asic of 20nm so far.

You are so wrong. The new KnCMiner Neptunes use a 20nm chip.
http://www.coindesk.com/kncminer-finalizes-design-worlds-first-20nm-bitcoin-asic-miner/

samsonn25

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Activity: 882

Merit: 1003

Thats the problem, too many people are worried about efficiency by the time it takes to make a design 20-30% more efficient other companies are pushing out what they have and pushing the hashrate 5x. Thats why btc mining will meet an inflection point very soon and the arms race will have to slow down with the pot of gold harder to get. Wouldnt make sense to spend 10 million to mine 1 million. Buy the coins is better.

tzortz

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Activity: 728

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Bitmain, sure.

But dont forget that chip size is not the most important factor of development, but mostly consumption of w/ghs.

samsonn25

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Activity: 882

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Quote from: tzortz on April 27, 2014, 08:37:56 AM

I bet we will stick to 28nm for the whole year.

Nobody achieved asic of 20nm so far.

The company shipping the most miners out now are still on 55nm too

tzortz

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I bet we will stick to 28nm for the whole year.

Nobody achieved asic of 20nm so far.

samsonn25

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Activity: 882

Merit: 1003

Quote from: byt411 on April 27, 2014, 08:31:27 AM

Quote from: samsonn25 on April 27, 2014, 08:28:09 AM

Quote from: byt411 on April 27, 2014, 08:25:13 AM

Quote from: bjalbert on April 15, 2014, 09:44:35 PM

The problem is the chips wont be getting much faster. 20nm chips is about as far as they will go for quite some time. My prediction is you won't see 10TH rigs till next year

What if we get to 1nm? Then all we can do is build ridiculously large rigs with loads of chips in them, so it has more hashrate.

we won't get to even 18 in the near future besides the fact it will be too expensive. On top of that difficulty would be over 1 trillion.

So what if it's too expensive? You know that all manufacturers price the devices too high, and its actual manufacturing cost is much lower?
They can simply use them to mine themselves, and literally grab the whole network.

When difficulty reaches about 15 billion which will be soon, that is close to the actual cost of machines now. About $600 per TH. If they cant make profit mining or reselling equipment capital spending on research and development will slow down or stop. Alot of asic companies will disappear by the end of this year.

byt411

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Quote from: samsonn25 on April 27, 2014, 08:28:09 AM

Quote from: byt411 on April 27, 2014, 08:25:13 AM

Quote from: bjalbert on April 15, 2014, 09:44:35 PM

The problem is the chips wont be getting much faster. 20nm chips is about as far as they will go for quite some time. My prediction is you won't see 10TH rigs till next year

What if we get to 1nm? Then all we can do is build ridiculously large rigs with loads of chips in them, so it has more hashrate.

we won't get to even 18 in the near future besides the fact it will be too expensive. On top of that difficulty would be over 1 trillion.

So what if it's too expensive? You know that all manufacturers price the devices too high, and its actual manufacturing cost is much lower?
They can simply use them to mine themselves, and literally grab the whole network.

samsonn25

hero member

Activity: 882

Merit: 1003

Quote from: byt411 on April 27, 2014, 08:25:13 AM

Quote from: bjalbert on April 15, 2014, 09:44:35 PM

The problem is the chips wont be getting much faster. 20nm chips is about as far as they will go for quite some time. My prediction is you won't see 10TH rigs till next year

What if we get to 1nm? Then all we can do is build ridiculously large rigs with loads of chips in them, so it has more hashrate.

we won't get to even 18 in the near future besides the fact it will be too expensive. On top of that difficulty would be over 1 trillion.

samsonn25

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Activity: 882

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Quote from: tzortz on April 27, 2014, 08:18:31 AM

Quote from: ?? on ??

When will Bitcoin difficulty get to a point where it will no longer be profitable for the average person?

Never.

As soon as there is electric price differentiation everywhere in the world.

Also, worst competitor of massive farms, is the hobbyists and people uneducated about ROI issues.

I'm waiting for the farms to disappear near.

byt411

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Quote from: bjalbert on April 15, 2014, 09:44:35 PM

The problem is the chips wont be getting much faster. 20nm chips is about as far as they will go for quite some time. My prediction is you won't see 10TH rigs till next year

What if we get to 1nm? Then all we can do is build ridiculously large rigs with loads of chips in them, so it has more hashrate.

braytz

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Quote from: tzortz on April 27, 2014, 08:18:31 AM

Also, worst competitor of massive farms, is the hobbyists and people uneducated about ROI issues.

this.

tzortz

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Activity: 728

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Quote from: ?? on ??

When will Bitcoin difficulty get to a point where it will no longer be profitable for the average person?

Never.

As soon as there is electric price differentiation everywhere in the world.

Also, worst competitor of massive farms, is the hobbyists and people uneducated about ROI issues.

samsonn25

hero member

Activity: 882

Merit: 1003

Quote from: ?? on ??

When will Bitcoin difficulty get to a point where it will no longer be profitable for the average person?

Now

samsonn25

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Activity: 882

Merit: 1003

Quote from: bjalbert on April 15, 2014, 09:44:35 PM

The problem is the chips wont be getting much faster. 20nm chips is about as far as they will go for quite some time. My prediction is you won't see 10TH rigs till next year

And not only that but what is the cost for this miner? 10 th at 15-20k retail? Even the manufacture cost 6-7k @ 200 billion difficulty doesn't make much back.

samsonn25

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50th miner will not be cost effective because difficulty will be too high by then.

TinyBBC

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I don't want buy any rig for now, price is even high than buy bitcoin directly!

fattypig

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50 T/H miner hm.. what about 1 PH miner

kthejung

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Quote from: ChuckBuck on April 15, 2014, 09:09:39 PM

You must've missed this 25 TH/s miner then:

https://bitcointalksearch.org/topic/photonicmining-official-thread-513181

I know I know SCAM, but fun when it lasted. Roll Eyes

25 T/H at 370 watts...lololololol... one guy responded "how do you plan on achieving 25 T/H at 370watts? and don't be shy about the technical specs." Cheesy

bjalbert

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The problem is the chips wont be getting much faster. 20nm chips is about as far as they will go for quite some time. My prediction is you won't see 10TH rigs till next year

Rulishix

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Holy crap. Seriously? I don't get it. Bigger and better rigs for better mining I guess but it doesn't last long. I want a long term investment!

ChuckBuck

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better everyday ♥

You must've missed this 25 TH/s miner then:

https://bitcointalksearch.org/topic/photonicmining-official-thread-513181

I know I know SCAM, but fun when it lasted. Roll Eyes

kthejung

full member

Activity: 210

Merit: 100

The mining difficulty by Jan 2015 is predicted to be around 235,263,000,000. With that difficulty level, 50 T/H of mining power will get you a mere 3.22 btcs per month according to this calculator https://cex.io/calc. All of the 1-2 T/H miners in use right now will be mostly useless by September-October of this year.

edited in: 2 T/H of mining power will make you 0.65 btc in September, 0.43 btc in October, 0.29 btc in November, ... 0.13 btc in January 2015. I will correct myself and say that a 2 T/H will not be worth running by November instead of September.

Topic: who's going to make the first 50 T/H miner? (Read 2465 times)