Thanks Gigavps for this thread, I will watch this thread closely!
You are quite welcome. Hopefully some more manufacturers will be posting estimates or actual results soon. |
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A good piece of advice for anyone who uses mtgox is to setup multiple OTP/Yubi keys. Mtgox now offers this, use it.
I personally have a yubi key as a backup and google authenticator setup for my mtgox account.
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Maybe it's because they are producing a Full Custom ASIC where the others use Standard Cell designs:
Of course that assumes they're being on the level with all of these statements.
IMHO, I believe that BFL have learned the lessons of the past with underestimating power consumption and over estimating Mh/s. I also do not believe they would be using the phrase "full custom" unless they were doing just that. |
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So, in case I have 10 holdings, the best option would be to set 9 to be upgraded early by paid mode and then wait for a second later stage and upgrade the remaining holding. Am I right?
I would like to only do upgrades once where I need to communicate with Gigaminers. In your situation, I would recommend that you wait until the equipment arrives. I was hoping to be able to: - Do the early upgrade with multiples of 9 while holding back the remaining units until the equipment arrives.
- Send out remaining units when the equipment arrives.
- Upgrade the others who i recommended wait.
I would like to be able to do some early and some later so that I don't have 300 people coming at me at once. |
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Is this still true then? Do you still want my Gigamining holdings to be a multiple of 9?
Multiples of 9 are still needed to upgrade early without creating more work for either party. |
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Thanx for a great service!
Hi burger, You are quite welcome. Best, gigavps |
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To all Gigaminers:
Coupon payments for the week have been paid.
Enjoy,
gigavps
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Considering gigavps has a vendetta against Tom and btcfpga (and obvious bias towards BFL since that what he invested in) expected him to he hesitant in reporting numbers that are comparable to BFL.
Hi squid, I have put this thread together to help consolidate information based on provable facts. I am trying to be impartial and objective. If you feel Tom's statement cited earlier in the thread is clear and concise, I will add it to the OP. Best, gigavps |
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Tom said exactly in the above comment "[the 27Gh/s device] uses less electricity than the ModMiner Quad", so it is pretty clear to me that it means less than 40Watt. Hence 675 Mhash/Joule, or 1.48 J/Ghash.
Now if you wanted to be pointy, one could say that Tom did not promise the 54Gh/s device would have the same efficiency as the 27Gh/s one...
I would like to try and make sure that I am not putting specs down that the manufacturers have not released. While you are quoting him, he could have meant that statement in multitude of ways. For instance, did he mean total power consumption or Mh/s per watt? |
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Hi Dust, I think is is fair to say that it is not clear what Tom is saying there. I would rather wait for him to announce the info and then we can add it to the list. Best, gigavps |
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OK after Teramining is in full swing ... will Teramining bonds then be traded or does one still have to buy gigamining and do upgrade to get more teramining? And if someone doesn't do giga to tera upgrade will those bonds still receive their payouts at current rates, Because it sounds like to keep doing bond trading giga will have to remain in effect.
Naelr
Once Teramining is released, they will be able to be traded. My main point with the upgrade is two fold: - To give Gigaminers priority in the upgrade so that they can set the price to what they like as Teramining will not have an implicitly set price.
- To not flood the market with more bonds. Nothing is certain in life, but I do not plan to issue anymore Teramining bonds once the upgrade is complete.
Hope that helps clarify my intentions. Best, gigavps |
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That is awesome news and thank you for the amazingly quick response!
You are quite welcome. |
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Looked over the source again. Seems to have been updated to 4.2J/GH. Should clear that up. I would like to keep the comparison in wattage. Are joules a 1:1 to wattage? |
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- ASICMINER - 10.64watts/Gh source
Final specs have been revised. 4.2W /  - revised hashrate has not been published. Assumed to be around .5-.7 GH. Can you please provide a link? Taking the best estimate here would be 4.2w / .7Gh == 6 watts per 1 Gh OP has been updated. |
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yay competition  , we should including pricing estimates as well though so we can have the full picture. Power consumption is the topic of the thread!  If I have missed any information though, please let me know. Hopefully other manufacturers will be able to give estimates with as much certainty as BFL. |
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Hello fellow bitcoiners, I was going to post this in another thread, but I think it's best to make a new post. One of the biggest costs in running mining equipment is going to be power consumption. 1Gh/w is far and away the BEST offer in this area thus far. We've had others offer estimates so far, and to be fair, these are all estimates until the equipment is running in the hands of the community. - BFL - 1 watt/Gh +- 10% source
- Avalon - 2-6 watts/Gh source
- ASICMINER - 4.2 watts/Gh source
- bASIC -2w/Gh source
- DeepBit "Reclaimer" -???/Gh
Avalon seems to be unsure of their power usage, thus the wide range. ASICMINER seems pretty sure of their wattage estimates which are 10x more than BFL! I'm not sure about you guys, but 6x the power consumption when you start running any sizable amount of equipment is HUGE. If there is more info out there that I have not seen, leave a reply and I'll add it in. Best, gigavps |
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 Thanks BFL! 2TH/s extra for you! That's two extra Th's for Teraminers. I do wonder though, are any of BFL's competition going to be able to meet or beat their power specs? 1Gh/watt is huge. |
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Since BFL's ASIC performance will far exceed the original expectations, will Gigamining bonds end up being worth more than 22.5Mh/s each?
Hi GoWest, I've been crunching the numbers and have I believe I have found a solution. The simple answer is yes. GIGAMINING TERAMINING
Total Gh/s 200Gh 5,400Gh
Mh/s per bond 5Mh/s 9Mh/s
Total bonds 40,000 600,000
I will offer a 1:4 exchange of Gigamining bonds for Teramining bonds that costs nothing to upgrade. An example would be if you have 400 Gigamining bonds and don’t want to pay to upgrade, you can swap them 1:4 for Teramining bonds. This would represent a 7.2x increase in the bonds hashing power at no additional cost. So in this case, the 400 Gigamining bonds (2Gh) would be upgraded to 1,600 Teramining bonds (14.4Gh). Paid Upgrade PathI will also offer a 1:15 exchange of Gigamining bonds for Teramining bonds. So, if you have 400 Gigamining bonds (2Gh) and pay the upgrade fee, you will receive 6,000 Teramining bonds (54Gh) in return. The fee to upgrade will be .29 BTC per Gigamining bond. So, the upgrade fee on 400 Gigamining bonds would be 116 BTC. You will notice that the free upgrade has moved from 5x to 7.2x. This is intentional. The minimum buyback has also changed from .02 BTC to .005 since there are so many more units. Best, gigavps |
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Thanks BFL!
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