They are saying they will take care to see 51% does not come into the hands of 1 person or group..... Only way to do that is sell it to the masses ! (we are the 99%  ) Will be exciting to see what they come up with.... so far they said it will be a range of devices with some of them costing below $ 5.000,- 5TH for $ 5.000,- : I'll take 2 pls lol BTW: after the changes you made just now everything is running smoothly again, even for a lowly, soon to be extinct GPU-miner like me Thx ! |
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Clipse: Can your pool handle 5 TH/s? Because I a getting myself some nice juicy BFL SC ASICs !!! Just promise me you won't be doing any rollbacks or double spends with my 51% of the total hashing power  |
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One cool announcement and the mud comes flinging. I do think it is a bit dangerous to announce the tech so long before it will be ready, but they did pull it off before. I look forward to hearing more.
Soft launches to make you HARD <grins> Interesting to see how much of a 'game changer' this is, or if it will just mean an order of magnitude less of consumption for a similarly priced and hashing output. kind regards Not much information can be disclosed publicly at this point, although we will do so in the near future. It reminds me of 1970 where computers could only be shipped by trains and aircrafts. How do they compare to a single iPad today in terms of processing power, wattage and price? That's where BitForce SC lives... Regards, BF Labs Inc. In 1970 that fastest computer was the Cray 7600 @ a peak of 36MFLOPS, cost $5M and used ridiculous amounts of power. The iPad 3 is capable of 1000x the number of flops, costs 0.01% as much and sips power by comparison. Are you claiming the BitForce SC will bring such improvements? Maybe compared to CPU-mining  |
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Well if it's much less, then break even point is literally 2~3~4 months. Unless these units drastically increase the difficulty, thus increasing break even time. A Single will then be obsolete and you will have no choice but to trade it in. Rig box will become basic entry point product. The trade in now looks very generous, even too generous  My point is that at those prices or even at a much lower price (say $100K) 99% of the buyers of a single will not be able to trade it in, as they won't have the funds or the commitment to put down that kind of extra money. I actually don't see the trade in as a much added value, other than people can perhaps pool their singles, buy 1 ASIC and share the hashing power.... It will be nice for Gigavps, he can probably exchange all his singles, his mini-rigs before they ship, get an ASIC and some money back All I can say at this point is that our units will have different models and will be affordable for general public. 100K$ is not affordable for general public, and is not a good price reference. Regards, BF Labs Inc. Different models: that is very interesting from a small miner point of view, but also for the security of the network ! I like it !!! |
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Well if it's much less, then break even point is literally 2~3~4 months. Unless these units drastically increase the difficulty, thus increasing break even time. A Single will then be obsolete and you will have no choice but to trade it in. Rig box will become basic entry point product. The trade in now looks very generous, even too generous My point is that at those prices or even at a much lower price (say $100K) 99% of the buyers of a single will not be able to trade it in, as they won't have the funds or the commitment to put down that kind of extra money. I actually don't see the trade in as a much added value, other than people can perhaps pool their singles, buy 1 ASIC and share the hashing power.... It will be nice for Gigavps, he can probably exchange all his singles, his mini-rigs before they ship, get an ASIC and some money back |
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It's easy to speculate on the price/performance.
Their Mini-Rig is around 30 times faster than the Single, so the SC should be atleast 20 faster than Mini-Rig, putting it at around 500GHs.
Their pricing is based on atleast 250 days of mining to break even at current rates, which means around $250'000 ~ $300'000 for that sort of power.
That sort of pricing makes it easy to see why they can afford to buy back at $100%.
And at 500Ghs per system it really is End Game.
So I predict: 500GHs/$275 000
At that price they effectively won't be trading in many singles.... "Hi I would like to trade in my 2 singles and here's a cheque for $273.800, please send me my ASIC" I bid 10 cents on the $ per single btw |
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Hey Clipse,
Sounds awesome to have a draw ! Cool idea !!!
About the website, will there be a section in the future where we can see our separate miners ? So we can see in a glance if one of the miners has disconnected due to whatever problem ?
Brat
Yep, multiple workers will be ready soon, I just cant give a time considering there is really more important things to deal with right now but its on the list. Great, don't care about the time-frame, as I can check where my miners are mining now, but it will make life just that little easier once it is implemented ! |
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Hey Clipse,
Sounds awesome to have a draw ! Cool idea !!!
About the website, will there be a section in the future where we can see our separate miners ? So we can see in a glance if one of the miners has disconnected due to whatever problem ?
Brat
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Very interesting & very interested !
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Back on topic: A little over 1 hour to the new difficulty. Difficulty 1733208 Estimated 1595393 in 12 blks I for one an looking forward to the PPS rates going up 8%. Yeh, I think we can all do with a diff drop Oh the days ofdifficulty 1000 !!! Wish I had been mining back then G P U mining ;-) |
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Actually why don't you mine at this pool? You would hugely profit, and you can offer 130% PPS Pool mining rates. http://mmpool.bitparking.com/user/lightlord1233NA Confirms with my numbers above, However by the time you check this, it will of gone up. Sorry, I just withdrew your devcoin to your address. I didn't think a button on a public unsecured webpage would actually allow financial transactions to be committed. LOL, that is bad on so many levels..... What the Hell !!!!  |
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Stale: 0.22% = Big Smile |
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NOTICE:
Just want to remind the new guys that on payment cycle end days it is normal for the pool to shutdown for 1-5minutes Is this something that will be changed in the future, or will there always be a pool shutdown when payment cycle end ? On a sidenote, I am planning to introduce additional Rewards system, weekly or maybe bi-weekly randomised BTC drops and referal system in the not to distant future. Some of these additions will be available by Sunday and some only later on.
Randomised BTC drops  That sounds exciting ! hehehehe |
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20 rejects & 3820 accepted over the last 14 1/2 hours !!! I am impressed |
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At least at didn't mess with your life support systems ! p.s. on a more serious note: CGMiner didn't switch back one of my miners from my backup pool, so anyone using CGMiner better check if you are mining on Bonuspool |
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BONUS PPS INCREASE AND OTHER NEWS:
From next payment cycle(tomorrow) I will be increasing Bonus PPS rate to 110%.
This should again cover additionally any extra rejects experienced, even though rejects on average dropped considerably into normal levels this last payment cycle so consider this an extra 2% freebee until further notice.
A W E S O M E !!! |
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PAYMENTS PROCESSED:
All Pure PPS + Bonus PPS for 13 May 00:00:00 - 16 May 23:59:59 paid.
Got payments out early for a change
Hehehe Thanks Clipse ! one other low priority issue with the website: I don't have to enter my entire username for the DB to come up with my stats.... Du instead of DutchBrat works fine as well That seems a bit odd.... as I said: low low low priority ! |
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For the last 9 1/2 hours I have been running just a bit below <1% Compared with last week that is a massive improvement already (from 4%+), can't wait for the new code that will bring the rejects down even further W00t W00t |
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I'm running the new i0coin client with the flashy i0coin logo I am just wondering if there was a change in port for the client somewhere along the way I'm forwarding 7332 & 7333, but get no more than 1 connection to the network Thanks, Brat edit: and it refuses to download the blockchain, is stuck at an odd 38.000 block to go |
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Ckolivas: this is a funny message generated by CGMiner (on all my miners) !: cgminer version 2.4.1 - Started: [2012-05-12 03:29:42]
--------------------------------------------------------------------------------
(5s):312.0 (avg):311.9 Mh/s | Q:193 A:83 R:4 HW:0 E:43% U:4.4/m
TQ: 2 ST: 5 SS: 0 DW: 11 NB: 2 LW: 139 GF: 0 RF: 0
Connected to http://pool.bonuspool.co.cc:80 with LP as user
Block: 00000263027422ab47efedc55dcc2dc4... Started: [03:47:03]
--------------------------------------------------------------------------------
[P]ool management [G]PU management [S]ettings [D]isplay options [Q]uit
GPU 0: 73.5C 2287RPM | 312.4/311.9Mh/s | A:84 R:4 HW:0 U:4.50/m I: 6
--------------------------------------------------------------------------------
[2012-05-12 03:45:47] Accepted 65beb547.b86069e7 GPU 0 pool 0
[2012-05-12 03:45:53] Accepted 3acd4866.8076a92d GPU 0 pool 0
[2012-05-12 03:45:54] Accepted ff3aae97.f1bf6754 GPU 0 pool 0
[2012-05-12 03:46:59] Accepted 0df92b7c.be02982a GPU 0 pool 0
[2012-05-12 03:47:03] [font=Verdana][b]LONGPOLL from pool 4 detected new block[/b][/font]
[2012-05-12 03:47:31] Rejected 9d002557.57674fb4 GPU 0 pool 0
[2012-05-12 03:47:34] Rejected 751cb3f6.be3a7a7b GPU 0 pool 0
[2012-05-12 03:47:53] Rejected b102aecc.98c97f4d GPU 0 pool 0
[2012-05-12 03:47:59] Rejected 49048041.99b08d57 GPU 0 pool 0
[2012-05-12 03:48:04] Accepted 460ba46d.385763c2 GPU 0 pool 1
[2012-05-12 03:48:16] Accepted cde0f3d9.bd62e648 GPU 0 pool 0
[2012-05-12 03:48:19] Accepted 7c523153.1d02f184 GPU 0 pool 0
[2012-05-12 03:48:26] Accepted 9522afd5.ca52eaaf GPU 0 pool 0
I only have 3 pools !!! My main pool (pool 0) and 2 backup pools !!! Pool 4 does not exist !!! Lols |
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