I believe that it would be a horribly designed scam. Why would they waste all the time/manpower/money to make a competitive asic when they could have simply disappeared 6 months ago when they got the majority of their preorders?

My point is that spondoolies has never taken preorders before the SP30. Who knows how many delays they had with their first gen.

I bet they will eventually sell sp30's BTO for the same price as a preorder (maybe less), but without all the risk.

It's not really fair to say it's a good idea to preorder from spondoolies regardless of their track record so far.

There is a good chance spondoolies next gen is delayed and the fact they can sell tested/competed hardware without delays doesn't demonstrate their ability to go from new chips/hardware to working product without delays.

Just say no to preorders.

Everyone here is greatly exaggerating how much KNC is mining.

Assuming http://organofcorti.blogspot.com/ is accurate, then KNC only has 5.5 ph/s or less than 7% of the network.

That would mean they only mine about 250btc per day and spend about 50btc on electricity. (10MW @ 0.1/kwh)

200btc per day is not really astronomical.

I think you're on to something.

Tradefortress: Starts multiple businesses with no sources of revenue including an online wallet which was conveniently hacked losing ALL of its money. Completely anonymous and businesses only involve shifting money around.

Friedcat: Has developed, produced, and sold hardware earning the company and its investors over 500% in dividends. Completed 3rd gen asics and is now working on 4th gen. Pseudonymous meaning people know who he is, it's just not publicly broadcasted.

Definitely a great analogy.

Yes you can undervolt for greater efficiency. IIRC 1th/s at 700w at the wall.

Do you already have the following?

- a warehouse
- cooling
- maintenance staff
- racks/parts
- controllers/internet
- electricity

If you can get all that and 120th/s worth of hardware for $200,000 I'd say it might be possible to turn a profit.

But it would probably be much easier and more profitable (%) to just go with a cheap 1-2th garage farm costing ~$1.5/gh.

So this guy bought an entire hotel with our money and nobody has the balls to track him down?

Quite the successful bitcoin scam...

Although I doubt Alberto actually owns the hotel. Probably just another scam.

I think 5/5 on price is a bit of a stretch..

No need for escrow.

And no I don't have that much to gamble.

Deal if you agree to 1+w/gh = you win. Less than that and I win.

If it's not fair then you shouldn't have said:
I never claimed they would hit 0.7w/gh, only that if they do it will not be "last years performance".

Ill cut you some slack and change the bet to 1+w/gh and you win because I think 0.9w/gh is pretty likely.

Not really willing to bet much based on written claims from a company I know nothing about, however I think AM chips are more than capable of going below 1w/gh.

0.1 btc to seansoutpost?

1.1+w/gh at the wall and you win. Anything better than that and I win.

Deal?

How much are you willing to bet?

We already know that AM chips are capable of at least 1w/gh(see hashratio/btcgarden).

It's not fair to use the least efficient implementation of AM chips as a benchmark.

Of course those little rockminer machines are inefficient with only 4 chips/device. The fan alone probably consumes around 20% of the electricity.

Who said anything about rockminer?  This is Xbtec we're talking about.

No idea but $30 to ship a single fan is absurd.

Not sure what dump selling but I don't know what you're on about performance. 0.7w/gh at the wall is not last years performance.

And I don't think you were nearly as unenthusiastic when spondoolies released the same exact specs 2 months ago for 3 times the price. They are just as late to the game as asicminer.

Difference being AM/empire actually wants to compete with the market in terms of cost where as spondoolies is lagging behind.

I remember a few days ago your comments about how below $2/gh is impossible especially for AM.

How many times will AM have to blow your mind before you become a fan?

Didn't you get a refund?

I'm confused. Only a month ago you had no "big mine" and you're already at 40btc profit?

How exactly did you go from needing parents permission to buying $100k+ worth of hardware?

Edit: After some serious sleuthing it appears we are dealing with a multimillionaire or a chronic bullshitter.




(lol. custom pcbs for 1100 chips)




10 chips is some serious bulk.




Sorry for the off-topic posts but this is just too much fun.