Bitcoin Forum

I just got word from a new company that will be bringing us a 38 th/s BTC miner . I could not help myself and wanted to share the NEWS. Email from the company came about 20 minutes ago to us at  BitcoinSniper.com We will keep you updated . I remember being in awe over the first 5 gh/s miner .NOW what was thought to be the Pinnacle of Asic bitcoin mining hardware . I have found we are just scratching the surface .The final month of this year will truly shake up our bitcoin world and the people who want to stay ahead of the DIFF. The 38 gh/s will be the larger unit but two additional smaller units will be ready for purchase . Both Devices will be above 5 th/s
.Pricing will be affordable in compare to current hardware pricing  dynamics. NOTICE: we at bitcoinsniper.com will not be manufacturing this device . We simple review and provide information . In first communication with company I asked "deliver date" to make sure we would not have a BFL fumble. They stated "Day we launch shipping will be a week to eight days later". 

Tip:you might want to think about pooling funds together with 5-10 people for the larger unit .Even with current DIFF ROI will not be hard

Thank you for reading and lets continue to move forward to Greatness with Bitcoin


My next Question for you is what will the effects of these massive RIGS do to the current network and community. Your opinion please?

RES

might want to hold onto that Bitcoin Hardware investment money a little while longer for the new RIGs on the short horizon

Specs are impressive but the devil is in the details and if this is another pre-order/pre-pay 3-6 months ahead of time scheme there will be tremendous skepticism.

I agree , like i said we DO NOT Manufacture miners. Just Rate and review them along with their company. We will keep you updated as this New Monster miner gets ready to be shown to the public. Being under a non disclosure agreement this is all we can say for now . Hint: Everyone will know a lot more when the packers play the lions. We will be getting you some more information before then

I looked at your website. How often do you update your comparison data? For example, I see you still have the old hash rates for KNC miners and old delivery dates for HashFast listed.

ya doesnt seem accurate at all.

Yeah for being a person that is very current and at the head of the bitcoin info world, your site is very outdated.

updated every day per ASIC companies DATA

Like i said Updated per ASIC company. but we will make sure to get the chart up to speed .Thank you for the heads up

why did you put DATA in caps? it definitely not an acronym and barely even a buzzword.

ps: is it just a tiny bit odd that you implore people to get ready for a groupbuy on something noone has heard of?

updated daily, lol. you're so out of date.

this is so damn scammy

OP is full of fail.

38 TH/s? LOLZ.  How is this going to be powered a 100A power supply for a plasma welder?  Does house structural rewiring and high current safety interlock come included.

Yeah, he was also warning people in another thread against buying from Black Arrow, which has already shipped product for a group buy.  This definitely smells funny.

I think you get it wrong, Its 38 GH/s not 38 TH/s.....

You can believe what you want. Don’t shoot the messenger. I will say it once more “WE DO NOT MANUFACTURE MINING DEVICES “we provide information. The great thing about information is it’s free most of the time. Second this information I offer is FREE .You can choose to write it off as pointless dribble or store it for when you hear something about a mammoth of an asic miner. Seeing how I am not selling anything. I am not asking for your credit card number you can deduce that this information is for you to digest or regurgitate .it’s up to you. As always thank you for reading. I hope I can be of service to you in the future. I ask nothing of you .I only want to help you and help Bitcoin

I just wanted to ask the same.

And do you have some more information on them, like
Who ?
Where ?
When ?
How much ?

38 TH/s.  You just blew any credibility you might have for even accepting that without critical thinking.
Even at 0.5 J/GH that is 19 KW.  At 240V it would be over 80A of current.  

Smells fishy to me.

ps: is it just a tiny bit odd that you implore people to get ready for a groupbuy on something noone has heard of?
Just want people to be ready. I promise you well never hear me ask for people to buy anything. I offer nothing for sale. I truly just want to provide people with information.No gimmicks or scams up my sleeve. Just good old fashion Free information. I understand this community has been hit by scam after scam that its hard for you to understand that some people just want to help. I wish now that i would have just kept this information to myself. I figured people would share in my excitement . I am guessing this is no place for optimistic tendency’s .

Information is of no value when it isn't accurate.  Nobody is releasing a 38 TH/s rig.

Scenarios:
a) you misunderstood = why should anyone trust you in the future?
b) you were mislead by scammers = = why should anyone trust you in the future?
c) you are part of the scammers playing the part of the neutral third party = why should anyone trust you in the future?

Looks like it was suppose to be GH/s.

I truly appreciate your prospective. You have brought something’s to my attention that well better my posting in the future. I promise you. I will never support nor endorse a SCAM. If I catch wind of a source being dishonest. I will be the first to call the perpetrator out.  My group and I stand against people who try to scam. We try and use information to empower new Bitcoin enthusiasts. Thank you for sharing your thoughts

I think he mistyped

38 GHs to 38 THs


and the 30-38 GHs miner is not a scam...

Take a look at it yourself:

http://www.wtcr.ca/catalog/product/bm-ambec-01

To be fair, he did say a MAMMOTH of an asic miner. ???

38 TH/s miner... I'm skeptical.  With all due respect, here's some reasons why:

Case size
The current state of the art Bitcoin ASICs use 28nm lithography.  The latest 4th Generation Intel® Core™ i7 Processors use 22nm lithography (e.g. the Intel® Core™ i7-4960HQ Processor (http://ark.intel.com/products/76088/Intel-Core-i7-4960HQ-Processor-6M-Cache-up-to-3_80-GHz)).  Intel is a big company, I doubt we'll see relatively small (compared to Intel) Bitcoin ASIC manufacturers using better than 22nm lithography any time soon.  Even if a Bitcoin ASIC manufacturer did use 22nm, it is not a huge leap from the 28nm process used by Bitcoin ASICs now.  It's a leap, but I suspect not enough to pack 38 TH/s into one miner in a desktop or 4U (say) rack-mountable case. 

Power Usage
And what about power usage?  AFAIK current state of the art is Bitmine.ch in Low Power mode (pre-order, so we haven't seen a working example yet).  Their website claims 0.35W/GH/s in low power mode.  At that rate, 38 TH/s would draw 13.3kW.  In New Zealand, you can pull a maximum of 2.4kW from a standard 10A household power plug.  An entire house in NZ has a total supply of 240V @ 60A = 14.4kW.  (Someone else can advise the figures for the US and other countries, but I suspect it is fairly similar).  I'm pretty sure all the ASIC miners designed so far keep the power draw <= 2kW, otherwise it is difficult for a home user to use it.  Perhaps the 38 TH/s miner is for datacentres only?
_____________________________

BTW, the Asic Bitcoin Mining hardware comparison (http://www.bitcoinsniper.com/asic-miners/asic-bitcoin-mining-hardware-comparison/) page on your web site is out of date.  It looks like an old list published on another site I saw a while back.  I don't have the time or patience to go through all the updates, but here's a few for you, free of charge:

• Remove TerraHash from the list - their business has closed (http://mineforeman.com/2013/09/27/terrahash-close-and-offer-clients-a-50-refund/).
• Include the 28nm miner pre-sales from Bitmine.ch - CoinCraft Desk (https://bitmine.ch/?product=coincraft-desk) and CoinCraft Rig (https://bitmine.ch/?product=coincraft-rig).
• KnCMiner - remove Mercury, it is no longer offered. Update the specs on Saturn to 275 GH/s and Jupiter to 550 GH/s as per the KnCMiner website.  My Jupiter gets 530+ GH/s, but some people get better than 550 GH/s, it varies a bit from unit to unit.  Also the KnCMiner ASICS draw roughly 1.2W/GH/s measured at the wall (sample of 1, my Jupiter)

At BTC2 a piece, these will never make ROI.

Even at 38GH/s and if one would receive a miner as early as the 15th of November (which is highly unrealistic) one day after their promised shipping date, the miner would make a total of BTC1.68 according to http://bitcoinwisdom.com/bitcoin/calculator. At a conservative 30% diff. increase per 2016 blocks.

If you receive the miner today and mine for 8 months straight, you'd just barely make BTC2.

Do not invest.

Scam radar - smell detected.

Well, not worth the value, wait for the 1 TH/s ASIC, its the cheapest based on GH/s on market....

He says its 38TH/s not 38GH/s.

Correct !!! 38TH/s    

Scam would require me to ask for money. I am only offering FREE information. If i was to manufacture a devise like this.I would NOT sell it. I would build them and  mine independently .

Thank you for sharing information. Will make sure to make the changes

no, you are spreading scam information and advocating it. same deal.

Are you 100% sure my information is incorrect? If you say yes .I guess you can also Predict the future and grant magical wishes. You have no idea what the future may bring nor can you disprove my information. Thus your statement is merely an opinion from 1  person out of 7.046 billion people on this earth. I do thank you for sharing your opinion. Everyone is certainly entitled to one

So will we know before the 28th, or after?

That' the word. The developers will do the official announcement here on BitcoinTalk but have promised us at BitcoinSniper.com some sneak peak information along with a Physical review of the Miner. We will be flying out to their location to do some Video interviews. I believe this company truly wants to make sure to verify the validity of their hardware first before ever talking PRICE. BitcoinSniper.com will not be the only group involved in the review of this Company or its hardware. We will be representing the USA in our review effort. Several other country Reps will take part in the global release. I believe it was only a matter of time before MEGA industrial Rigs were introduced to the network. The million dollar question has always been. Why don’t large fortune 500 companies get involved in Bitcoin? Certainly if a fortune 500 company got involved into Bitcoin they would need a new CLASS of Asic miner? I believe with the introduction of this hardware will answer these questions.

Why bring reality into an unreal situation?

Modern houses in the US have a 100-150 amp main service at 220v.  It is hard to get more than a 200 amp service on a residence.  Standard wall outlets are 120v at either 15 or 20 amps.  No "plug in" device should exceed 80% of capacity.  Thus the most powerful device you would see in a common outlet in the US is 120v x 16 amps or about 1.9 KW.   I "think" the maximum a plug in device can draw is 60 amps.  Common high power plugs are 50 amps for a kitchen range and 30 amps for a clothes dryer.  So, you could reasonably draw 9-10 KW from a 50 amp range plug.

Monarch is around 0.5W/GH/s which is probably more representative which would want 19 kW for 38 TH/s.

So, applying a basic "smell check" suggests something isn't right with their numbers if the product is aimed at the consumer market.

Monarch isn't 0.5 J/GH at the wall.  The chip "may" use 0.5 J/GH but when you add in 10% (or more) DC conversion losses, 10% (or more ATX PSU losses), plus the balance of the system you are closer to 0.8 J/GH which is suprisingly pretty close to the numbers from Cointerra, HashFast, and KNC.  Not that surprising given there is only so much efficiency possibly at 28 nm.

Note: I mentioned the larger unit would more than likely be an industrial RIG . You cannot rule out the individual hardcore miner on the other hand. The right person with the proper funding can turn an industrial strength product into  personal application. It is amazing the ingenuity of a bitcoin miner with grand dreams of rolling in BTC.

http://youtu.be/jCLizTg9nWo

Henry Rollins is such a beast. Good song thanks for the Share

I have a feeling it would be a lot cheaper GH/S compare to the current price but the unit may have been designed for a large data center use or the multi-use system such as miner 1st then the extra heat get recycled for the office heater or pre-warm the water in the office building where the monster get housed.

Power spec is nothing out of the ordinary, if it was planned to be used as the industrial equipment.  May be that's where the OP mentioned that this could be a group-buy as it will be more than a buying a new car but buying the heave weight commercial shop machine.

with the 2TH unites or 1.2TH unites with 400% equipment upgrade guarantees on the market by end of this year or early January of 2014, the current home use type miners may have hit the ceiling.  Now, it could be a new break-through in the technology or just clustering the current technology like when the clustered PS3 for the super secret Government Use was an unthinkable past a few years ago, but it did existed.

Also, the price wars of the miners, it makes more sense that cramming more power into 1 humongous unit to come up with the manufacture's profit.  I'm sure these companies are making nice profit for the current 2TH unit sale price, but in order for whoever this is to stay in the game, reducing the profit per whateer the chips they are going to use but cutting the per-chip profit but compensate that with large number of chips in 1 commercial use unit.

Sometimes no name journalist can break the world news just by his/her crazy luck.  May be this OP fell into something he/she wasn't planning to be a part of.  Or, got succkered into the crazy scam but not realizing it yet.  Either way, we should stay tuned and see the result.

This OP is taking the risk of releasing unbelieable story by the mass by taking the chance with his credibility.  Let's at least give this OP do the information release as it was fed to the OP, so when the OP does the review, the OP won't withhold some info the OP think the readers may attack the OP again.

38TH/S will crush everyone if it did come out by end of this year and hit the network.  Most Pre-Orders for the higher end miners who paid $4000 and up will see their hope of ROI like the 4th of July fireworks.

MAY BE I'M DREAMING but it's possible.... 

I'm so disappointed with the current pre-order conditions and lots of mining investors who lost life savings but I'm trying to be positive today!  May be just Today...

The point is that Bitcoin is perfectly parallel. Even those 1.2 TH/s "units" consists of 400 to 500 GH/s boards.  It makes absolutely not sense to sell a 38 TH/s unit.  You could just sell lots of 2 TH/s units.  Modular, cheaper mainstream power supplies, redundancy (one unit fails send 2 TH/s back for RMA and keep mining with the other 36 TH/s not 38 TH/s).

Today you could buy 20 Cointerra rigs and put them into a datacenter rack and tada 40 TH/s.  What does a single 38 TH/s unit get you?  Bitcoin is an embarrassingly easy parallel problem.  It means twenty 2 TH/s units work just as efficiently as a single 40 TH/s unit.  The advantage of smaller units if you can use off the shelf parts (cooling, power, cases, data, etc).

Thank you so much for your perspective.  I agree with you 100%. To be a part of bitcoin is its own reward. This whole thing is very exciting. I know exactly what you are saying. A lot of people don’t remember. BFL took BTC as payment when the price was $5 per BTC. So it took a lot of BTC to pay for the first pre-order ASIC miners. Some people if they had that BTC today would be a lot better off.  My vision is to provide people with a safety net of information. Sometimes people just need someone to tell them to sleep on it so they don’t make the same mistake some of us did many years ago. So many people are coming to BTC to improve their lives. We owe it to them to steer them in the right direction. If they fumble and we lose another Bitcoin adopter. We fail all together. Bitcoin is starting to shape into the greed machine. People are forgetting the fundamentals of bitcoin. As one person all I can do is try to stay positive and server bitcoin the best I can.

Thank you for sharing your point of view.

Thank you for your thank you.

:)







-----

Disclaimer: I tuned out during the first or second page when people started weighing in with criticism.

 :-\

Even if someone could manufacture a 38TH/s mining rig the likelihood of being able to run at your house will be very slim that you will need to run inside a co-location somewhere. Co-lo space isn't cheap, you not only have to pay for the rack space, buy you have to power for power; I have seen some companies charge as little as $250 per 20A circuit per month and I have seen some companies charging closer to $600 a month for a single 20A, plus you have to pay for internet.
 

Agree, i would consider 5-10 people pooling funds.  I truly believe this RIG is for well established companies but cannot second guess the little guy.Keep in mind the other two devices talked about in the first post.Both exceed 5 th/s

http://www.wtcr.ca/catalog/product/bm-ambec-01

ASICMiner Block Erupter CUBE???


Sounds like they are getting a bunch of block erupters and linking them together in a cube shape....really news worthy stuff mate....thanks  ::) ::) ::)

2 or 3 30A 220V circuits cost about $600-$900 to install, and would most likely power this if it's in line with the specs other manufacturers are touting. 

lol! I sure feel like pre-ordering from someone who just lied about their product in order to get a short lived hype...  ::)

Also:

"WTCR has taken steps to prevent typographical errors and incorrect information, but from time to time we may miss something. If you require exact specifications or have any questions about a product please refer to the manufacturers site, or contact us. WTCR will take reasoable effort to ensure quality"


 :D

One day after I said this, KnCMiner released the following: "Unbeknown to the community we are currently developing the next generation product in 20nm/16nm process with Alchip" (https://www.kncminer.com/news/news-63).
Always happy to eat my words, not too proud to admit it if I'm wrong (of course we still need to actually see proof).  Still skeptical however, but that's because I err on the side of caution.

Anyway, if 16nm or 20nm ASICs are in development, I'm keen to hear news of it.  

Thank you for sharing the NEWS. Its about time for the people who threw the words "scam and lies" on this topic to start eating crow. BitcoinSniper.com and it's amazing members will keep you up to speed about the release of this "mammoth" of an Asic miner.

That quote is about KNC.  It has nothing to do with your magical 38 TH/s nonsense.

Well thank you for sharing information non the less.

this guy sounds like a nut job. please tell me im not alone in thinking this.

Yep , you must be right!!! Being polite and positive is definitely traits for being a nut job. Thank you for stopping by and sharing your point of view. Hope you have a good day

WAAAAAAAAY too expensive!!! Even if one of those miners can make so and so per month etc, you have to take into consideration the total production of asic miners in the period and add that up on the DIFF, and then you disover this unit won't make pocket change even.  WAAAAAY toooo expensive!!!

Why? It's completely irrelevant, it's price is too da moon! way overpriced piece of junk ;)

+1

Your not alone, he is very entertaining and he does believe in the information that was given to him whole heartily, its just like when I tell me 5yo son that Unicorns are real and then tells all his friends about it, for real!!!


OP, I do want to BELIEVE your source but its looks pretty MAGICAL at this moment, I do hope I'm proven wrong...

Why even bother with this without a damn thing to show?

I  heard about a 38PH/s rig (MAMMOTH) coming out soon. Designers just have a few wrinkles to work out. Hint* it may be the Google mystery barge..