The current estimate is sub $10-$5 GH/s, That will change over time as the price of GH/s per chip falls, the number of GH/s per chip rises and the number of chips that can fit on a single Wasp. But the trend is downward on the cost of GH/s.

Thanks again railzand for your contribution, I am learning a lot from your questions. Sorry for the 'long winded' explo's, its just my nature, but I'll work on it. 

I do have a website in the works, there is a lot of work yet to be done, but it is in process as we speak. It will contain most of the information that you asked for. I'll start a project page in the project development subcategory so everyone can voice their opinions and make suggestions to make it the best site that we can.

Thanks!
James

We will offer a fabrication/assembly service for the Wasps, and will offer a few of the PCBs for sale as soon as the design is finalized and we get a manufacture producing the units. I will mark you up as a possible reserve for 1 Th/s worth of A1s.



Thanks railzand, I'll put you down for a reserved count of 10 A1s. And don't worry, if you don't want to take physical possession of the chips there are lots of ways we can handle that for you. You can sell them to someone else, we can mount them for you and you can sell them on the Hashing Exchange or to someone else or pay the assembly fee and have them shipped directly to you or to the individual you sell them to.

I think that I will change this thread from 'Testing' to 'Open' if we get a few more interested parties. So, how bout it? 

When I go live with this Group Chip Buy, I'll post a link to a spreadsheet or something like it so we all can see the progress of the GCB. I might also link to web page that will let you place a reserve order, etc.... etc...

OK, we have one marked as 'interested' when we reach 9999 9900 A1 chip requests. That's a start anyway.  

Thanks for the support and I'll find that info out if I can, but we are still in the prototype stage of development.

Posted From bitcointalk.org Android App

Well, there's one vote in favor, who else?

Posted From bitcointalk.org Android App

Primarily, we will offer populated Wasps, but offering empty boards are always possible.

The number of chips per Wasp depends on the chip being used. For Example:

Hello S4VV4S,

SWMC will be offering hosted Hashing Power that is built on the Wasp and Hive platform. This should provide the GB'er with a faster turn around on their investment. You won't have to wait for several months for your investment to start hashing for you. And no guessing on when the hardware will be delivered because the Wasps are designed to be built using any chip, we will be able to mine Bitcoin as well as other altcoins including Litecoin, Protoshares, Bitbar or any one of them you can imagine. We will know exactly how many chips we can get and approximately when they should arrive. Our goal is the speedy implementation of available miningware. This is a no-preorder service, your purchase funds are put to work building a Wasp as soon as there are enough funds to pay for the components. And, SWMC will not sell a Contract for Hashing Power if the time frame for delivery doesn't have a reasonable amount of assurance.

The cost to build one Wasp is not nearly as much as buying a whole unit from most of the companies out there. The result, fewer GB'ers have to purchase a contract in order for SWMC to acquire the miningware and you don't have to wait as long. SWMC will also serve as a retail provider of the miningware, so, if you have a group of people that want to purchase and receive the physical miningware, you'll have that option. If you bought hosted miningware (and you own the entire Wasp or pay for it over time) and you want to have physical possession of YOUR miningware, SWMC will ship it to you!

Have your own chips? SWMC will be providing a fabrication/assembly/hosting service as well. Want to sell your own hardware? Use SWMCs fabrication/assembly service and will also warehouse and dropship your branded product orders for you.

You will also have the option to sell your Hashes on SWMCs own Hashing Exchange when it is ready (a similar process as with CEX, but with needed improvements.)

There is one additional option that SWMC is offering, in order for our service to function properly, we need to have chips on hand, or at least paid for and being shipped, at all times. That will take some serious upfront cash if we want to get the lowest price possible, so SWMC will serve as a chip distribution center. To accomplish this, SWMC will serve as an organizer of Raw Chip Buy Co-ops. This is a great opportunity to make some extra profits for anyone who wants to contribute. For Chip Buys, a GB'ers funds will be used to purchase the chips needed in higher volumes, so we can get the lowest prices possible. Once the chips are in hand, SWMC will mount them to a Wasp PCB, then either use them to fill GB orders, sell them retail or use them to add to the Hashing Exchanges pool. If a GB'er invests in a Chip Buy Co-op, they will receive a profit on the resale of the chips once they are mounted to a Wasp PCB and sold. Or, the GB'er will have the option to sell the Hashes that their chips provide on the SWMCs Hashing Exchange. If a GB'er wants to sell their hashes on the exchange, they'll only have to pay SWMC for their portion of the fabrication/assembly fee. Think of this offer as being a way to get in on the retail side of the crypto-coin mining industry. Instead of buying miningware to mine with, you will be on the side of selling miningware. If you really want to mine, then diversify as a hedge against Bitcoins volatility by using your profits from a Chip Buy Co-op to leverage your own funds into more Hashing Power than you can now afford.

SWMC will also coordinate with other chip buyers so that we can pool funding together to buy higher volumes, saving money for us all. SWMC will not charge a markup fee for Chip Buy Co-ops, just a shipping and handling fee. So if you are wanting to purchase Raw Chips for your own company's production, join SWMC in a Raw Chip Buy Co-op and reduce your chip cost as much as 25% or more. It shouldn't just be the big mining farms and manufactures who benefit from large volume purchases, let us work together for the benefit of all.

We have to get the chips first, but I'm all for supporting the WPC mining pool.

Thanks, see you on the WPC forum!

Testing support for a multi-group Group Buy
This GCB has now opened. Reserve Your Position, chips will be shipped in the order of reservation. If you are a group or individual planning on purchasing the Bitmine A1 ASIC Chip, we can save up to 25% off the cost by pooling our resources together. SWMC will be using The Wasp and Hive design created by The Wasp Project Collective, of which I am a member, to build its own miningware. Just like you, we want the best price we can get.

I suggest a tiered approach by raising funds up to the amount of each discounted quantity. Tier 1 would be for 500 A1s and no discount. Once funding is secured for Tier 1, then we move on to Tier 2 for 1000 A1s with a 2.857% discount. Having Tier 2 funded, we move on to the next tier and higher discounted price and so on... For each tier level that is reached the cost per GH/s - A1 Chip is reduced, which would give you credit towards the next tier (e.i.. You get more for the same money.)

Again, this is only a test to see if there is support for a multi-group GB. So
Chime in and let us know what you are thinking or reserve your position in the order stack.

EDIT: Just a note, there will be no markup on this GCB if it is completed. The point of this GCB is to get the best price possible for the chips. You can do what you want with your chips and they will be sent to where ever you want them to be sent to. The only additional costs will be the extra shipping involved in moving your chips to your preferred location. The WPC will be offering licenses for the Wasp and Hive design so there will be plenty of places you can have your chips mounted if you want to have them on a Wasp. Or, you may have other ideas and that's just fine. The orders will be by the chip, so if you want 30 chips, you can reserve 30 chips@$X-Tier. If you want 1200 chips, it's just the same. Let's just work together to get the lowest price we can. Why let just the biggest mining operations have the volume price advantage? You can also create or add your own escrow accounts and your own purchase groups so long as you deliver the funds when they are needed to make the final purchase. I just serve as an organizer, so you don't have to send me anything at all.

When reserving your lot and please post comments in a separate reply so reservations won't get missed.

Please use the following format: [Y A1 Chips@$X-Tier#], where Y is the # of chips you want, X is the maximum in USD you wish to pay for each chip and # is the Tier Level.

Example: 100 A1 Chips@$87.5-Tier1

Thanks,
James Tate

Below is the pricing table for Bitmines A1 ASIC Chips.

Thanks dan244,

No word on when the Neptunes will ship, but read the post with KnCMiners news letter. KnC is essentially saying that if there are delays in shipping that Neptune owners will be given free hashing power until the units ship to ensure that their customers reach ROI. They are also offering free miner hosting, but we will have to wait to see what the details are in following announcements.

@davideak - OK, UserID added. I believe I have everyones email and I was working on a mass email to update everyone and ask for their payment address if they don't see it on the spreadsheet.

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That's disappointing.

Hey guys,

I was thinking about how understanding you all have been. Not one of you has relaid a single message or post expressing anger or frustration. You haven't been hounding me for information, you haven't... no... instead of telling you all the things that you haven't done, I'll tell you what you have been. You have been PERFECT!!

Seriously! Because of the website issues, delay's in getting the spreadsheet out and limited communications. I expected to have to deal with hundreds of emails demanding this or that, the scammer tag being thrown around and a host of other unpleasant experiences all of which I desperately wanted to avoid. But you guys, yoouuu guuuyyyss!! None of it has happened, and if it had I wouldn't have blamed you at all. You guys are just AMAZING PEOPLE! How did I get so lucky as to get YOU all in MY GB!!??

Now, I feel bad about this whole website and openCart mess. I know it's my fault. I mean, I don't know how it is my fault exactly, but I'm sure I messed with some setting or file and cause all this trouble for all of us. I want you all to know how much your patients and understanding means to me and how lucky I have felt about having such great people backing me up. And it's not just you, my regular investors have acted the same way.

SWMC is in the process of doing several upgrades to its business model and its website. One of those upgrades is a Hashing Exchange similar to CEX.io. I want to show you all my appreciation, so I am giving everyone in the #KN-R001 GB and all of my current investors an equal share of 0.5% of the hash trading fees, for LIFE! And don't think you can sell it to someone else either, I want your grandchildren to be getting payouts from the trading fees!

So, Thanks for being GREAT PEOPLE, cheers!
James

Ok, here is the spreadsheet for the GB. Sorry that it is not completed, but I will be updating it with correct information as I filter through the file from database hell. I don't know what happened, but the information is hard to sort through. Some purchases are referenced multiple times, but don't easily correlate with one another, so it's hard to see if some of the duplicates are actually the same order. Some orders aren't in the database at all, but I have the transaction information so I'll include that information when I verify everything else.

I could use your help to get some of this sorted out. If you would do the following things I would appreciate it very much.

A copy of all email between you and I and all other requested information sent to this email address: solarwind.mining.company@gmail.com
Copy of your invoice if you have it.
Transaction #s, BTC addresses (both send & receive)
Your purchase information if you don't have an invoice
Anything else you think is important.

Thanks for being patient, you guy's are GREAT!!

James

The price will be market driven like CEX.io. Although I may institute a fair market cap on prices to prevent them from being sold for 10x or more than what they are really worth like it is at CEX.io. A base price would be hard to guess at The Wasps will use ANY chip, sha or scrypt or (anything else) and you can mine any crypto-whats-it if you install the chip for it, so the price to build is anywhere between $7-3 a GH/s for Bitcoin mining depending on the chip and volume discounting. Of course that price will go down as the price of GH/s per chip goes down. Its dynamic, not static. An example of what could make a substantial difference in cost is Bitmine's Coincraft A1 28nm ASIC. If you buy 500 A1 chips they cost $3.5 per GH/s at a price of $44,000 or $88 per chip. 10,000 A1 chips at that price would set you back $880,000. But, Bitmine gives a volume discount, for 10,000 A1 chips the price is $2.8 per GH/s for a total of $700,000. Thats a savings of around 20% or $180,000!

That 20% difference definitely determines if, and how long it will take, you (to) make ROI. Buy the way, that's one reason why the BIG mining companies are able to continue mining and profiting with the same chip you have in your Block Erupter while you are trying to figure out whether to toss your Block Erupter in the trash can or send it to be recycled, plus they build there own miners for their own mining and to sell them to you for a markup. They generally do not pay retail for there miners. So, as an individual, you don't have a chance to compete with those guys. That's why I started SWMC, to give the average person as close to the same opportunity as the BIG GUYS have as possible. Unfortunately, not enough people have seen the light and joined us. Imagine how profitable your bitcoin mining investment would be if you joined a collective and you all raised the capital to purchase 10,000 A1 chips, or 20,000 or 30,000. There you would be, with your tiny contribution of 0.3 BTC earning the same profit percentage as any of the BIG mining operations out there, instead of desperately trying to figure out how to get your hands onto a few TH/s of gear.

Anyway, I digress.


Why?

As far as the Hashing Exchange, the SWMC will derive its revenue from trading fees, hosting fees and selling its own hashes, so it benefits SWMC to offer the service. The more hashing power we have the higher the volume of hashes traded - ergo --> a higher volume of hosting and trading fees collected by SWMC. And SWMC isn't going to mount those chips onto a Wasp for free. SWMC will offer to mount the chips in exchange for either a fee, a percentage of the total number of chips or by some other mutually beneficial arrangement. Any chips acquired through this method will be added to the mix of chips that SWMC purchases to satisfy its own needs.

So you can see that there is sound reasoning behind offering a 'chip mounting'/hosting/'trade or keep your hash' service: higher volume of hashes traded in the Hashing Exchange increases the volume of collected trading fees, hosting more units increases collected hosting fees, convenient access to ASICs helps increase SWMC's own chip count, being fair and sharing the opportunity with others makes people happy which will make people love SWMC which in turn provides SWMC with greater opportunities (opportunities that SWMC will, again, share with others! Hey, anyone feel like breaking out and singing "The Circle of Life?"  )

Since I brought up the topic of sharing opportunity, SWMC will be offering investment contracts specifically for the Hashing Exchange. Help SWMC purchase the ASICs and supporting hardware and you'll get a portion of the profits generated by your investment's share of the exchange. Hmm... thinking... Maybe we could do a Protoshare Dac, Mastercoin app or our own SWMC proof of stake crypto-"coin." Maybe a SWMC HashExCoin for easy trading and transfer of ownership in the Hashing Exchange. We can call it the HEX... Ahhh!! There we go, we could rip the CEX.io concept almost completely. We could call the exchange HCX (HCX <-compare-> CEX. ) 'made the C in HCX by using a capital 'C' and the strikeout bbs code' Don't take this naming business too seriously, mostly I'm just fun'n around. (Or maybe brainstorming?)

So railzand, what is your opinion now?

Thanks,
James