Hello

I am willing to buy wagerr at 3500 sat price up to 10 btc.

Also Minexcoin investor account not bounty account. Price is 0.0035 per minexcoin.

Escrow or you send first.

Pm me if you are interested.

Rather than cluttering up this this thread with quote after quote let me answer some of the inputs

1. No one knows who is adding what to the hashrate, for all anyone knows the big farms might have been building systems for the last
    6-8 months from their earnings but not deploying them in case other do too. Classic game theory behaviour, someone always goes
    against the de facto agreement. There is no evidence what the capacity added consists of, but I'll bet it isn't 16 nm.

2. A custom asic for bitcoin mining can be designed and brought to manufacture in less than 8 months with enough funding.

3. A farm initially crowdfunded will always favour it's initial investors which is why everyone who can should contribute.  Thats not to say
    that it won't sell its future systems built to non investors as their payments will help give economies of scale.

4. 28nm is far from obsolete and that will still be the case in 12 months time with a smart enough design.

5. The crowdfunded farm enterprise doesn't have to pay back VC's who expect huge returns.  It can also give it's personnel reasonable
    salaries with the need to provide useless and money wasting jobs for 'media directors' and other such vanity posts.

Good to see some discussion, though. Incidentally, this is just an idea and I'm very well aware it's unlikely to become reality.

For a kickoff, 28nm isn't outdated, it's serving Bitmain very well and from the look of the current 16nm solutions they are expensive white elephants. Experience is a relative word, so far all the 16nm solutions have totally failed to meet their performance targets, as did a lot of the 28nm ones. A good custom 28nm design can easily match a cell based one in both pipelines/sq mm and J per GH/sec, and the silicon costs a lot less plus the process is a lot more mature and manufacturable.

Also, if the project happened it would have awful lot on people supporting it who had an interest in making it happen - that makes solving problems a lot easier.

Out of interest, what solution would you propose? Or is it just too much effort to try looking for one?

Long time since last posted here, quite a lot has happened since. Basically the asic manufacturers have used revenues from sales of their mining machines to fund super sized mining farms, driving the difficulty up and up and then to add insult to injury, stopped selling their wares to consumers.

Don't want to say 'we told you so', fact is that we did but that's history, with the way things are going just now the only way for home miners to make any money is either to get 'free', (stolen, for want of a better word) electricity where essentially they are monetising the power supply or buying a new rig, running it for a few month then selling onto someone else. The rise in difficulty is going to make life harder and harder for miners and I suspect you haven't seen the worse of it yet, think 1,700+ PH by halving time next June. 

The only way individual miners are going to be able to compete is by working together, I know it's an idea that's been touted before and failed but what's needed is a community solution, one that's owned by the community and can't be abused. We tried crowdfunding and failed but that doesn't mean that it's a bad idea, especially if it was project managed by a respected figure like Gregory Maxwell, for instance. There are lots of different crowdfunding models nowadays and many of them allow for equity ownership, to fund an all new 28nm asic program - forget about 16nm for now - and use it to build a competitive super farm would cost around $20 million delivering around 300PH using 2 cents per kWh electricity. Even at 1700 PH with halving in place it could generate net profits of over $2 million a month which could be used to build more chips/systems which equity holders could buy for their own use at cost prices or add to the farm to boost their earnings.

No VC's to pay back or interfere, no manufacturers shutting off supplies just when you need more hashing power.

$20 million is a lot of money, but when you consider the number of existing and potential[/i ]miners out there that might be willing to pony up $1000 it's achievable, and many miners might want to put in a lot more, especially if they know their money isn't being used against them as it were.

Comments?

Good morning everyone,

Sadly, I won't be posting the second part of what I started writing yesterday, thanks to those of you that took the time to read it and for your comments. We had a meeting last night with our MD and she's asked me to post the following:



"Dear all,

After some discussions with my engineers and the other members of the company, I’ve decided to take a few steps in relation to the project, in the first instance, we’ll be contacting each of the individuals who donated to the Indiegogo campaign clarifying our position, how their donations will be refunded once the campaign ends, and our future plans. Our first responsibility is to the people who put money into the campaign albeit it not directly to us,and if you're one of them and haven’t received an email from us by close of business on Friday, please get in touch as soon as possible. We have not taken any other monies for those orders that were placed outside Indiegogo, and we apologise to those that tried to place them for the delays.

The second is to admit that in our excitement over the design of the technology and the models we developed to try and offer some new possibilities to customers, we clearly misjudged the level of disaffection for crowd-funding models, especially in the situation where the professional commitments of the majority of our group complicate the level of disclosure demanded by the community. We don’t disagree on the fact that the demand is partially justified in light of the many people who have lost money and time with previous ventures. A quick summary of the other threads in this forum suggest that those problems are sadly not a thing of the past, and so the current cynicism – while necessarily frustrating from our perspective – is understandable, and probably a good thing for the community as a whole in terms of weeding out unprofessional business practices.

As it is clear that the model is probably not sustainable for a project of this magnitude, our future attempts to bring our products to market will have to be through other means. From our perspective that is regrettable, as our intention was to have our backers interests at heart rather than those of investors, but in light of how things have gone in the last week or so, it’s clear that we’ll need to look at alternative models. There have been a few interesting ideas that have been suggested in this thread and others, and the individuals who have contributed those have our thanks – we’ll consider all those options as we consider the best way to bring our designs to market.

The third step will be to step away from discussing our campaign or designs on the forum, though I will encourage my engineers to occasionally contribute to technical discussions. Some of you who have read the proposal in its entirety, regardless of your opinion about the project itself, have noted that there’s plenty of sensible discussion about the feasibility of mining with the current state of play, and I think it’s to everyone’s benefit that those discussions keep happening. It's probably also worth reflecting on the tone and nature of the prospectus we put forward; funding would have been much easier to achieve with less pessimistic assessments of potential earnings using our equipment, and indeed with fewer warnings about the dangers of investing in any hardware-related project, and those concerned with legitimacy might consider reflecting on that point. 

Many of you have no doubt settled down with the expectation of an angry set of back-and-forth around the accusations made against us, but we’ve seen enough exchanges of this sort to know that discourse of this sort on forums rarely leads to much productive discussion – especially when the overwrought interpretive efforts of some of the community do tend towards the paranoid (and do not appear limited to us, based on some of the suggestions made elsewhere). I will only gesture to the fact that in the space of a day several wildly different interpretations have been offered, threads begun in multiple places on the forums, and the whole thing accompanied by no less a claim than denial would equal guilt. Ponder for a moment exactly how one can proceed against kind of logic and you’ll appreciate our disinterest in engaging in a ‘discussion’ where the outcome has very much already been decided.

As we mentioned above, we’ll be contacting all the individuals who have contributed and inform them of the situation and the timetable for Indiegogo returning their donations to them [crucially, Indiegogo, not us, controls the finances for the campaign]. Rather unfortunately, evidence that our contributors have not been defrauded of a penny will come rather too late for it to be much more than a hollow victory for those who expressed interest or hope in the project. I can only apologise for letting you down. But for those that have phoned or emailed us – and indeed those who have offered reasonable discussion on the forum – we extend our thanks, and hope that whatever projects you do decide to back prove successful for you. If you do have any interest in how our efforts to pursue alternative funding turn out, let us know and we’ll be more than willing to communicate any news if and when we have it.

Olivia Walker
Managing Director
Novello Technologies Limited"

So there you have it. As Olivia said, we will try to keep those interested in our project up to date with what's happening, although from my past experiences with VC's they usually aren't very good at sharing.

Good Morning everyone,

Again I'm under some time constraints today so I wont have time to fully explore the implcations of what I started in my post yesterday.

I do see that my new best friend Mr Gage has again been busy, seem he can't quite make us him mind as to who he wants to accuse us of being or doing. He really doesn't seem to grasp the concept of limited company structure - just because you've got a business address in an area doesn't mean to say that any of your directors or employees live there, so to make wild leaps of logic that someone who shares a name with a convicted criminal in that area must be that person are absurd. Can't wait to see his next claim, what will it be? That we started the Second World War, shot JFK or perhaps were solely responsible for the 18th century slave trade?

So the return to the real world, yesterday I showed how to calculate what a mining rig will earn on a daily or monthly basis, and what that means for how much you should pay for it. There seems to be a lot of opinions that very soon it might not be possible for people to mine at home or independently due to the growth in the network hash rate. Certainly 'small time' miner face challenges, but htey're not impossible to overcome.

In earlier posts, Mr. Canary said that Asicminer have 60PH of capacity in the process of being built, and I've no reason to doubt him. Whether that's on their own account or simply guessing it from chip sales he didn't say. it's a fair old lump of capacity, that's for sure but I doubt that it could be deployed in a period of less than two months. Canary also said there is a lot more to come, namely 1500PH in the next year. To fund that amount based on rough calculations we've done about the likely system costs you would need approximately $600,000,000, and thats not including the costs of actually getting the capcity inot a data centre, setting it up and paying for the rental and so on. That's an awful lot of cash. You might argue that they'll be earning tons of Btc from the earlier capacity they put in, but as difficulty goes up earnings go down and so it takes longer and longer to pay for you initial purchase.

And of course Asicminer aren't the only show in town. So let's assume that come September the network grows by 60PH a month, starting at 185PH. The full chart hasn't been shown so it can fit in and be legible, but it assumes continuous growth at 60 PH/month.




What you can see is that all starts well, a 4TH rig installed in September with a J/Gh rating of 0.7 will earn $6409 in it's first year - fantastic! It will cost $1600 to manufacture, about $350 to ship and install. the Electricity cost has already been accounted for at $0.04/kWh. However, it's share of the maintenance  and operations costs of the data centre will come out at about $80 per month, and someone has to pay for the initial setup and configuration of the data centre, so take another $250 per system out of that. So the total costs per system in the first year are: $1600+12x$80 + $350 + $250 per system, ie $3160. Subtract that from the $6409 and you get $3249. Not bad at all.

However, for machines installed in October the net yearly earnings drop to $2095, and by December to $795. Still a profit, but you can see where this is going, and the network rate is 'only' at 385PH. A machine installed in April 2015 will barely break even. Yes, it will continue to make money in it's second year, but the return on investment is looking decidedly shaky.

Of course, BTC might go up in value. It might also fall, who really knows.

The point to all this is that sometimes people are afraid of the demons others conjure up to scare them. Unless you do a comprehensive analysis of their facts and figures, which for many is difficult because they don't have access to the necessary information, then you get stuck in a situation where fear rules the day.

I'm short of time again today, so tomorrow I'll look at how individual miners might cope with the situation I've described.

Well you can read our silence on the matter in various ways. It's up to you to make up your own mind, not up to me or indeed Mr. Gage to tell you what to think. Having a domain name registered with the same registrar as many thousand other people does not make you that person. Not in the reality I inhabit at any rate.

Hi Steve,

Just about to leave, but I saw your post and thought it rude not to reply. Sorry it's brief.

1. The NOVA-S internal regulator will take power direct from a USB port, but since the current draw is limited to 0.5A on USB2 and 0.9A on USB3 it will adjust the chip clock speed (and voltage) to suit. this will limit now much it can hash, it won't be anything like full speed, more like 1/15 - 1/10.
The regulator is intelligent, so no polyfuse is needed, it will never put too much stress on the host system unless it detects that the host is our NOVA-HH. It has high current ports that can supply adequate current to tun the miner at full speed.

2. The fan controller will still work under any power source. The regulator 'talks' to the hashing module microcontroller and if the chip's getting too hot then the clock speed will be reduced and the fans allowed to run for a short while until order is restored.

3. The AC adapter. Yes, I appreciate what you say but I think you've answered your own question. if we supply the adapter then the customer gets what we know will work and even though it cost more than simply telling the customer to buy their own, it's a much more reliable solution for both parties. We want to make things as easy and simple as possible for our customers - and ourselves.

We don't have a name for the chip as such, it does have an on chip temperature sensor.

And as regards your last question we would plan to work with one of the existing developers. We've tried to make the systems as flexible as possible, hence the use of the 32 bit micros on every hashing module and the Pi system controller. It should be reasonably easy for a developer to design the necessary interface.

Hope this answers your questions?

Good morning everbody,

I apologise for not posting the past few days, but I've had some other issues that needed my attention and regrettably stlll do so I'll be limiting my appearances here. As always, I'm more than happy to answer any technical or other questions, but due to the Signal to Noise ratio on these forums I'd ask that if you have a real question that you would like answered, please pm me or use one of our company email addresses. That way you'll get the reply and you can post it if you wish, just don't want a real question to get lost in the noise.

I want to thank everyone that sent us messages of support, much appreciated. I also want to give a special thank you to Aerobatic who posted in another thread about conversations I had with him over the course of the last few months. It took some balls for him to even suggest that we might be real and it's testament to his character. I asked him last night if he would mind if I reposted it here and he gave his permission, but on reflection this isn't his battle, if you want to read his post you'll find it easily enough.

See my new best friend Mr. Gage has been very busy. I'll come back to him later, but today I'd like to explore one of the subjects we raised in our proposal, namely the growth of network hashing power. A lot of people seem uncertain about how it will affect their mining earnings and how quickly it might grow, especially since the online calculators are confusing. Today I'll outline a simple way to construct your own estimates, it's got nothing to do with our project directly and it's not based on our hardware, but it was used to calculate some of our metrics, hopefully you might find it useful.


So starting with the basics, mining is essentially the same as playing the lottery, if the odds are 14,000,000 to 1  and 14,000,000 people buy tickets with individual numbers then someone will win the jackpot. Real life doesn't work that way of course, because lots of people put in the same number combinations but probability tells us that if the odds of winning are 14m to 1, then your ticket has as much chance as everyone else, and if you keep paying with the same numbers over a very, very  large period of time then eventually you will win. If you buy two tickets (with different numbers) you double your chances of winning. Mining is similar, except the tickets are hashes per second so the more you have, the better your chances in the lottery. Not the best analogy perhaps, but bear with me. Most people mine in Pools, which in this game is sensible as the Pools put everyone's 'tickets' together to better the group's chances of a win, then everyone get a share proportionate to the effort they put in - or effectively the number of 'tickets' they bought.

Calculating a good estimate of your probable earnings at any given network hash rate is actually very simple, and you don't need to know the difficulty to do it - remember that the difficulty is dependent on the network rate, not the other way around. In basic terms, if the network rate is 100,000 TH and you have 1TH of individual hashing power as part of a large pool, then over time your earnings will be 1/100,000 of the daily reward available. Today the network rate is 86,000TH approximately and 1 Btc = $664 (bitcoinwatch.com), so today's block rewards will be approximately 24(hours) x 6(blocks per hour) x 25 (No. of Btc for block solution) x $664, ie $2,390,400. Your 1Th should earn you on average 1/86,000 of that amount - $27.8 less your pool fees and approximation errors, say 4% leaving you $26.68. It's then really easy to throw yourself together a spreadsheet with your predictions and evaluate for yourself what might happen if the network grows at X rate and how it will affect you. The only other factor you have to consider is your power useage, particularly if you live in a region with high energy costs such as the UK. This again is dead easy if you know how much power your miner consumes, if it's 1kW (really should talk about kVA here, but for the purposes of this exercise we'll keep it simple) and you pay 10 cents per kWh (I wish) then it's daily cost is 24 x 1 x $0.1, ie $2.4. take that off your net earnings and you'll have a final $24.28.

If you want to predict over a long time frame it makes sense to predict the network rate at the middle of the month, it will be less at the beginning and more at the end, but since growth from now on will be largely linear it all averages out. We've made some predictions about how we think the network rate will grow and used this to predict how much 1TH will earn over time based on different energy consumptions per Gh calculated. From that we can then see how long it will take to earn enough money to pay for the mining system. We took a nominal time of 6 months but you can do the calculation for any period. We also took into account energy costs as they account for proportionately more of the cost of mining as the network rate increase. At the end of the six months you can see the cumulative net earnings of your TH (or any other figure you want to put it), so to figure out how much you should pay for it in the first place, divide it by 1000 ( or the GH/sec of your chosen system) and you can tell how much you should pay per GH of power under these conditions. You can also play around with the value of Btc to see what might happen.

It is really very, very simple to do, if anyone wants a copy of the spreadsheet to do this, please pm me.

I don't have too much time today, too much plotting and planning for our evil scheme to attend to, but I will get back to the people that asked relevant questions later today or early tomorrow.

But now onto Mr. Gage.

This is a public forum, and so everyone can put in their piece whether I like it or not. I've never attempted to remove anyone's postings that I don't like for one very important reason, I believe in the concept of Free Speech, and much though I despise it's misuse by the UK media and others, I'll defend it until the day I die. It's a non-negotiable prerequisite for a true democracy, take it away and you'll have a very quick descent into George Orwell's worst nightmare. So Mr.Gage, I'm not going to pass any detailed comment on anything you've written but whether I like what you said or not, I'll still defend your right to say it, as long as you don't lie or make stuff up. If you have detailed questions you want to ask that haven't already been answered, please put them on a list and I'll get back to you. Please remember that while you might enjoy posting lots of comments, many other forum members don't necessarily want to wade through pages and pages of views from just one person. The more you say, the less people pay attention and so might miss your message or just skip over your posts altogether. Just a friendly suggestion.

And that's a lot of PH. How does the community feel about that? If it gets deployed quick enough - and I assume Mr. Cat is clever enough to have built that into his plan - then in a month or two your earnings are going to be probably half of what they are now.

Well, I delivered a challenge to you, bully boy. You seem to have ignored it, Strange that you jump on all our other posts but wait until we go offline to deliver your usual prose. I'd really like to meet you in person to see if you actually have something constructive to say about anything instead of being critical of everything that doesn't suit you.

But I guess you'll come up with some excuse, won't you? It's a shame because you seem so determined to prove us wrong. I'm actually a bit disappointed that you don't still rate us at 100%, it gives me a lot less of a challenge, and I like challenges - I'm a real engineer, after all.

Thanks for your post. We chose flexible funding because it will also give our customers a choice...if we had said we want $2m, no one would have believed we could fund chip development AND fulfill orders out of that amount. So we ask for what we need. If it's all or nothing, then we fail and a lot of people will be disappointed. If we use flexible funding, we might secure funds from elsewhere or use a backup plan which we'll present to our customers to see if they want to go ahead. If they say no, then we don't take the money from Indiegogo and it gets refunded to their cards.

It's a perfectly reasonable way to go about things.

But thanks for your good wishes, we really do hope we can get the chance to prove what we can do.

Again you're probably right, but over what timescale? At roundabout 990PH the electricity cost - even at 4  cents per kWh - is the same as the amount earned (at Btc = $500). If you have any other information relevant to this that you'd like to share with us, we'd be most grateful. Not to use against AM, I hasten to add, they have ever right to exist and make money the same any other asic companies. i did like their new and the concept, it's a real shame that it didn't come in at the planned power specs. Still, they have plenty of time to take another pop at it.

Probably true. Just felt that it might be worth throwing out there.....

Did you get a chance to look at my reply to your query about AM? We're very interested in getting feedback on the whole network growth scenario

Thanks for your post(s), and you're welcome to your opinions. I'm pretty sure we made out clearly in our prospectus exactly what we want to do, and how to go about it. If you don't understand bits of it, please ask and I'll do my best to explain; perhaps you're not used to seeing a proposal put down in this way, that's understandable. It's certainly a different approach to the one page efforts that have gone before.

So please have another read. I'm here to help.

Thanks for your contribution, we will not let you down. We appreciate your support and comments, but we also recognise other peoples right to be cynical of new companies. We'll try to answer any sensible query or question, and will do so in a professional and courteous manner.

We don't really want to comment on what other companies have or haven't done as we were not one of their customers. Its true that many start ups can get overwhelmed if they get huge amounts of capital to play with, and to be fair to some of those companies they probably had never run a business before and couldn't anticipate the problems they would face in mass production.

I know this is going way off topic, but I thought it might be worth putting up.

In many of the threads on this forum, including ours, many posters use what I can only describe as repugnant language, and constantly deliver insults and accusations to those that don't agree with their point of view, and encorage others to do so. This behaviour is not unique to this forum, of course, it happens in many other on line forums, and is in effect bullying by proxy. Many young people have taken their own lives because of it throughout the world, and that's a terrible indictment on the state of our society.

I previously was a volunteer with the UK Samaritans, it's a unique charity set up to provide people in distress a means by which they can talk to someone at any time, night or day and they will listen to them. No judgement and importantly, no advice, it's just someone who will try to help the caller come to terms with their situation. It's all done by phone, and it's free to call them.

In recent years the amount of people calling them about cyber bullying has rocketed, and that's very sad. It's difficult to deal with, particularly amongst young people. Now there are clearly a lot of younger people on this forum, and I'm not suggesting for a moment that any of them are at the stage where they want to commit suicide, but constant bullying by other community members can have a damaging effect on a young mind.

Now I'll publicly say to all the trolls, shills, oafs and wanabee cyber bullies that inhabit this forum that you can send whatever hateful messages, insults and insinuations you can dream up to me or to our company all day long, it's water off a duck's back because we've probably heard it all before and will do again. We're fair game, and we're adults.

But to other forum members I'd ask that you might consider carefully the language you use towards other members in your communication - you have no idea who is on the other end, and think about how you might feel if you were spoken to that way. Remember that as  community we are viewed by outsiders and the way we conduct our communications in our forum does not always give the right impression.

Any intelligent person enjoys a good, open discussion or argument. You can argue your point and put it across in a polite manner, and it will carry a great deal more weight if you do. It will earn you far more respect than threats and putting people down.



 

Hi, thanks for your post and questions, here's my reply:

1. No, it's not too late to change from 40nm to 28nm, with most foundry's processes it's a direct physical shrink. Yes, you still have to carry out DRC, simulation and post layout simulation to make sure all is well, but there shouldn't be any major obstacles, perhaps maybe a few weeks leeway to be sure.
The Gantt chart doesn't consider reduced funding, that's true. We have several backup strategies, but before we did anything we would give them to our customers to ask how they want us to proceed. They might well say no, in which case they get their money back.

2. You are quite correct in what you have said, we have no paid staff right now. The subcontractor budget is for the company that will populate the pcb's and the one that will assemble the enclosures, all the design costs are included in the NRE area.

3. Good point. We'll change that.

4. No, it's not a typo. We are going to launch an Indiegogo campaign for a time machine.

5. Disagree with you here, the GSP is designed to help all of our customers grow, we'll also be including the NOVA-S ones into it soon. Our example for 'Jane' is based on her buying a $500 system. I know it's a lot of money to a lot of people, but it is still affordable. She get her system power up by buying more hashing modules through her earnings from the rig, that's not using any more of her own money. I agree that anyone who buys a lot of out big rigs would get bigger, but in the same proportions to Jane. There should, however be a lot more Janes around. It's not really against our ethos, we want ALL our customers to be competitive, and they will be if we get the chance to make this project work. By offering low cost, competitive rigs we can open the doors to more 'small time' miners. 

6. It's a commodity purchase, we take pains to point out that our figures are projections, not fact. Nowadays most people looking at mining are confuse by the numerous calculators available and a lot of misinformation on the forums. All we tried to do with Jane was to put down a reasonable picture of what might happen in a given set of circumstances. Surely more information is better than none?

7. Fault tolerance is something we're used to designing into what might be termed 'mission critical' systems. making money is definitely critical. You're right in saying that heat causes most of the damage, but regularly checking the health of a pipeline means you can be sure it's hashing properly. If not, you might end up missing out on finding a block because one adder got too hot.

8.  We don't get paid at the moment either, so you'll have to join the queue!

Thanks again for your questions.

Yeah, sorry I didn't get back to you. We are not sure yet if we will be selling chips to third parties, it depends on how the funding program goes. Any information we gave out to you would be under an NDA, and we would only do this once we can give you a complete datasheet.

So it's not going to be in the immediate future, we need to concentrate on other matters just now.

Thanks again for your interest, drop me an email and we'll keep you updated on progress.

UPDATE - Friday 6 June

Good morning everyone, it's a pretty dull and overcast morning here in Glasgow, but expected to get sunnier and warmer later on. Pity I'm tied to a desk but we all have our crosses to bear.

Yesterday was another interesting day, and again thanks to everyone who's taken the time to post in this thread. Ben Turas made some very interesting points about how project like these might be funded in the future, and it's certainly food for thought. Not saying that I necessarily agree with all he suggests, but if you have an open mind it's surprising what you can learn from others.

I'll now return to some points that have come up during the past few days. We've been asked time and time again for 'details' about our technology and I gave out some extra information yesterday, expecting some kind of feedback.

Silence. Nothing.

This tells me that either those requesting the information didn't see it, or that they don't understand it, so here's a summary of our chip's spec:

40nm medium Vt process (simulated in bulk, so vendor independent)
100mm²  die size
256 dual SHA256 pipelines in main array + 16 spares
FPMBGA packaging with exposed die
Clock speed 500 Mhz at rated Vdd of 0.85V
Power consumption at rated speed/Vdd is 23.5 - 25 watts approximately
0.18 - 0.19 Joules/GH at chip level
Power distribution:      Flip flops : 46.2%
                               Full Adders (in carry save chain):31.3%
                               A,E and Word generator Adders: 22.5%
                               Clock Power approx 14% included in figures
Areas of key elements: Full adder - 1.72 square microns, Flip Flop- 2.02 square microns

That should tell an experienced engineer all that he or she needs to know about the chip.

I have to admit that we have been a little disappointed in the lack of professionalism exhibited by a minority of the posters, but then its easy to say things and use obnoxious language if you're safely tucked behind a computer. Most of the posters are actually pretty polite and courteous and the professional credentials of some shine through. For the others .....  the most strident and hateful ones have clearly never worked in a proper company or had to work with teams of other professionals, so to those people please take this message on board: We're here to stay in this forum and don't respond to taunts or insults. You are rank amateurs compared to customers we've dealt with all our working lives.

I would also reinforce to other readers what we've already said in our proposal:

There’s also a hard core of individuals and companies who really don’t want every wanabee miner with $59 joining their party, making the difficulty higher and reducing their earnings. They will try extremely hard to convince you that pre-orders are ‘bad’ and under no circumstances should you go down this route - despite the fact that most of them made their money from pre-order products! We’d advise you to read, read, then read some more and make up your own mind.

There's even a separate thread started by one poster asking if we're a scam - they've already made accusations about this several times, and you have to question what their motivation is in this instance.

Hint: it's not about protecting innocent buyers from evil scammers like us.

Now I'm pretty certain this person lives in the UK, so I'll give him (or her) this challenge:

One of our team will meet you personally at a time and place of your choosing anywhere in the UK to discuss this project face to face, on the proviso that you bring along your original Passport or Photo Driving License and proof of your address, as will our team member. We will pay your reasonable travel costs to attend this meeting, as we're fairly sure you're unemployed. You can call us directly on our telephone number, 0141 280 0447

But back to business.

One poster remarked that we have 'got' $4k from Indiegogo. That's not true, we have some contributors who want to buy products, but we don't get the money until the campaign ends AND we draw it down, so at this time we have nothing. I've already answered a question put by C2M earlier in regard of what happens if we don't hit our target.

Canary posted a question earlier on about whether we had considered the amount of network power that would be added by the Asicminer chips. I've answer this so please have a read at my reply, whether or not you choose to contribute to our program, it's an explanation that might help you decide what to about your own mining strategy. There's lots of other stuff in our proposal that might also help you, if you have any questions about how we calculated our various metrics, please email us directly.

One of my younger colleagues will be posting later today regarding the situation around our team's identities and some other business. Please watch out for it.

Lastly, keep the posts coming. We like to discuss what we're doing, and will be more than pleased to answer sensible questions. Thanks again for taking the time to look us up.
 
Oh, if anyone does want to talk to us, they can do so by calling +44 141 280 0447 during normal business hours. There's no one in the office today, but leave a message and we'll get back to you. You can also email us at any time: tech@novellotech,com or sales@novellotech.com