Yes, but this isn't one chip. It's a chip that is a collection of smaller sub-units, all hashing in parallel.

Whereas a CPU of that size might be ruined because it's a serial device, KNC is making a highly parallel device. They can maximize yield by making the sub-units pretty small, thus localizing any defects.

So, if you expect let's say a 70% defect rate, simply multiply the maximum "perfect" hash-rate of the chip by your expected defect rate to get your average hash-rate per total package.

In this case we expect 100 gh/s per chip. So if they're expecting 70% defect rate, the chips maximum theoretical hashing ability sans defects is more like ~142 gh/sec.

Seems pretty reasonable.

How did you manage to do that???

Not just you, I think so too. If all their ducks align I think they'll ship early, and they are reserving september as a worst case scenario, just like 1000 watts is a worst-case scenario.

Think of the PR victory if they ship anytime in August! They'd be grinding BFL's nose in it and would have new orders up the wazoo.

I have not. But I'll likely be looking for something in the platinum efficiency range. We don't really know what kind of power requirements these have, and they've warned us not to go out and buy 1,000 watt power supplies just yet. So I assume they're still in UP;OD mode (under-promise; over-deliver).

Would be nice if they came in at 850 or lower.

They said they'd planned the devices to be able to run in the Bahamas heat if need be, and had built in large margins in the design generally for things like that. So yeah, I'm sure it'll survive a house with AC.

Can't believe anyone sent this guy money. Oh well, a fool and his bitcoin...

Hardly. It's completely historical.

It represents the transition from hunter-gatherer societies which invested and produced nothing, to farming communities which advanced culturally, societally, and in terms of wealth by inventing concepts of property, territory, and production, in terms of producing much more food than H/G'ing could, and producing more goods people wanted. Specialization took root as well and was the beginning of mass societies. Farming communities could support more people too.

It also was the beginning of both government, soldiers, and war, because by producing extra it became possible to support a full-time non-productive class of bureaucrats and soldiers.

This is like ancient history 101, and it's surprising to hear anyone contradict what should be well known by even jr. highschoolers.

The state does not create farming. Nor does it arise out of nowhere.

Of course they did. When one of them built the first house, the first granary, the first plow, all of these are capital goods, rather than living in caves, hand to mouth, with no tools at all. You are simply ignorant of early human history, apparently.

And why do you think this is? The answer is cultural, not political. And btw, while they may be stateless they are not without leaders that have the equivalent of political power, ie: chiefs and powerful persons.

I submit that the reason the savage communities don't advance economically is an ideology of conservatism in their way of life, and a cultural attitude of communalism.

What finally created the modern world was when one culture in the world, the British culture, broke away from their rulers, not because they embraced them! No one can say the Brits didn't have a state, they had kings, like everyone else. But unlike everyone else they were very independent, very--that is--individualist. Because unlike everywhere else they were ruled by foreigners, by the Normans, and no society in human history has liked to be ruled by foreigners. Thus the Magna Carta in the early, early days of 1215 which established rights and duties of the kind, etc.

The Romans too realized this, that whenever they tried to rule a foreign land with their own people they had nothing but insurrections and resistance, but put one of their own in power, a puppet ruler, like Pontius Pilate among the Jews, and people submitted to rule from one of their own. Arguably the USA still uses this technique.

In any case, this is what happened in England that arguably created such a different British culture than anywhere else in the world and finally allowed the industrial revolution to happen.

And btw, the government did nothing to make the industrial revolution happen--it was taken by surprise by it more than anything and has cracked down on it ever since.

Everywhere around the world we see strong governments, and yet this is not where the modern world was born, but in the one place that had a weak and distant government. This belies your thesis entirely.

Government has always been in the way of progress. If you think a strong state creates the modern world there have seldom been a stronger government than the total rulers of ancient Egypt or China, for whom their entire populace were slaves. Yet those places languished in poverty as nearly as everywhere else.

You are wrong.

I mean the former has capital goods and investment and the tribal worker does not.

Sort of. Concepts of property came into existence at this time, by necessity, which is actually a move away from collectivism. While some hunter gatherers had only a limited concept of private property, by the time they become farming communities they develop it fairly strongly, by necessity.

Early America was not collectivized nor had much of a state at all, and it's the most successful country the world has seen and invented the modern world. History belies your point again.

Largely irrelevant.

The state "support" as you put it is in the form of the state's monopoly on police, law, and courts. However all three of those can also be provided on the market without state collusion, thus we don't need the state to provide any of those and therefore we don't need the state for capitalism to work just fine.

As for planned obsolescence, it suits peoples needs in some industries. The incentives on business are to maximize profit, and this leads to less overall waste rather than more as you suggest.

And if that's not true in any particular case, it's likely to be because business collusion with government has made entry and competition by market competitors very difficult or impossible, thus giving a de facto monopoly.

For instance, when meat-inspection laws were passed, the big supermarkets were very happy and lobbied for them, because they realized they could impose a cost of small meat markets and could themselves absorb the cost far more easily as large producers.

The laws passed and the result was just that, all the corner butchers closed down, no longer profitable, and now everyone buys their meat at supermarkets.

But that result is because of the intersection of business and government, and has nothing to do with market activity itself. If there were no government, it would be impossible for that to happen. Thus the problem is government activity in the marketplace, not competition, certainly not capitalism.

Thanks for the link, that's honestly pretty amazing. I knew bits of it before, but fully understand that now.

Maybe it's just me, but when you tell me Bitfury has a 2800 score and KNC a score of 90, that really seems odd. Especially considering KNC's gigahash/watt is better than Bitfury's or BFL's. It really makes me question the relevance of this metric to me. Are you saying KNC, or someone, if they had access to KNC's design could replace it with a design that's 30 times more efficient? Are we saying KNC's design is basically one giant fuckup? Doesn't seem to make sense or accord with known facts.

I'm gonna assume that we simply just don't have enough technical details to make a determination and that's why KNC still hasn't been added to the OP list.

What's the deal with multi-sig escrow? Why does he want that as opposed to what, non-multi-sig escrow? What does this allow him to do as opposed to other kinds of escrow?

In the seastead we're going to build, shipping is done via quadcopter

We produce extra in order to consume. We don't produce extra because some state is compelling us too, that's ridiculous.

And the reason we can produce so much more than a tribal person is because we have so much more investment and capital goods multiplying the effectiveness of our work.

The difference between the tribalist and the modern worker is capital goods and investment.

Investment and capital goods can and do exist without the state, as long as rights protection and dispute resolution remain, which they can.

The great error of the modern era is to conflate the two and suppose that rights protection and DROs cannot exist without a state territorial monopoly of power.

Burn!!!

They should start going to larger objects indeed. Orion, Andromeda, Arcturus, Capella, Rigel, etc. 'Andromeda' has a nice ring to it.

So you think say 10 people can adequately make equivalent decisions for the needs of say 1 million people as 1 million people could make for themselves?

You're deluding yourself.

The economic calculation problem destroys socialism's claim that it would "bury capitalism." Socialist economies never have and never will produce more material wealth than capitalist ones, end of story.

We must deal with nature by force because it lacks means of communication and negotiation. That does not mean we must deal with each other on that basis. It's self-evident that we all survive better when we avoid conflict rather than foster it, and that's what rights, laws, and dispute-resolution organizations produce. Thus we use them as conflict-reducing and eliminating devices.

You don't, actually. All you need for private property to exist is rights protection, which is easily divorced from the state.

It's possible to replicate this function of government without having it in place.

You don't need one territorial monopolist to ensure no one else becomes one. It's possible to have peace without a king.

No, they specifically said it's not a structured ASIC.

EMS gets shipped via USPS once in the US. Start praying...

And when do you expect that to be?

Since you're covering the NRE you must be a well-capitalized group. How much is your NRE cost? >$5 million? Do you have a loan to cover this, angels, or is it cash in-hand?

You have job openings listed, have you ever produced an ASIC before yourself?

Why do you think you can ship by December? Do you have any agreements in place with manufacturers and chip fabs?

With all the ASIC scams out there, be careful with flip answers like this. Could backfire. I'd suggest either going with a general answer or saying you're playing that close to your chest for now, tech specs to come. Keep it professional is what I'm saying. This kind of answer seems evasive and dismissive, makes me question your professionalism too, which is strange considering you claim to be covering the NRE which indicates a high level of seriousness in this endeavor.