BFL first announced an October shipment date, but has recently clarified to be "late October, early November". Everyone knows BFL's current shipping situation is a joke.
I voted BFL. Were they the first ones to start creating ASIC products all those months back? I can't remember if another company started first... Either way, since they're advertising the November period, I suspect they'll probably be the first ones out of the gate in this race. |
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With the nigga gone, does this mean the BTC price is going to crash? Liek.. I don't use BTC, I use LTC, but I do enjoy all the drama. So, what do you gaise think?
It'll crash for sure. It was crashed before pirate, so it only makes sense it crashes back down after pirate. Thanks for the insightful and eloquent post, and welcome to my "ignore" list. Bwahaha +1 Simran, there are 10 million bitcoins in the wild. Mt Gox works with about, what, 80% of that or more? To crash the price, you'd need to sell multiple millions of USD worth in coin all at once...pirate had a lot of money, but not enough to make a noticeable difference. |
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No, mining isn't worth it at all. Stop now and maybe the difficulty will go back below 2 million at some point  Ha! I agree...not worth it in the least. Spread the word that mining is a pain to set up and far from profitable. I'd love to see a decrease in difficulty before ASICs hit  |
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I'd received a mail from Yifu Gou (the boss of Avalon) in which he say that the 300 units on preorder gone sold in 1 day and will be shipped before end feb.2013. Here there is the mail https://bitcointalk.org/index.php?topic=110090.420. Is not clearly stated that they will be ready with another batch but they continue to develop the ASIC, so is quite sure that there will be another batch in few months. Ah, cool beans dude, thanks for posting that. I believed your statement before, but I like to have a reference in case they update it with new data  |
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Minecraft is not a game whose appeal can be described in simple rhetoric.
I feel the same way. It's not about the graphics...it's about the creativity. I can defy physics and build whatever the hell I want. I got bored once and built a giant penis tower that had a lava moat and a tree on the head. And if you traveled into the testicles you'd find a portal to the netherworld. What other game would allow you to do all that ridiculous stuff!!?!? |
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Waiting for some ASIC-related drama
Don't worry, they will surely deliver. Definitely. But until then, there's always drama in the Scam Accusations subforum haha |
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Alright I apologize  Does not the recent increase in output per device make this bet null and void? Could also be why Inaba was confident in the bet to begin with  |
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The way I read it all is the 30-day rule kicks in after their delivery representation expires.
And you read correctly sir...or at least that's what I gathered from the reading too haha. |
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The Single SC, hashing at 40,000 MH/s will consume more than 114W consistently over a 24H period. lulz Ah, let me help you out there. Seems you quoted that sentence out of context. Looks ok to me, but let me clarify in these terms as well:
You believe, for example, the Single SC will not have a power consumption less than ~114W. You are, in effect betting:
The Single SC, hashing at 40,000 MH/s will consume more than 114W consistently over a 24H period. I use this as an example, and we will use the 350 Mhash/Joule as the actual authentication of who wins the bet, but I just wanted to be sure we are talking about the same power consumption metrics.
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In the next six months difficulty will gradually increase to 34x. After that the 2nd generation of ASICs will arrive and nobody knows how they gonna perform.
Wrong. In the next six months the difficulty will increase 475x. Oh I'm sorry, I thought we were pulling random numbers out of our asses. |
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After reading all this I'm still not quite sure I gathered how much bandwidth is needed for a typical rig. What sort of internet speeds (upload and download) are needed for typical mining pools of 500GH/s+? I know it won't translate the same to the ASIC devices (since they won't have thousands of simultaneous connections for mining), but I'm still curious.
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can someone please start a ponzi or something to stir up some action?
I think pirate was an amateur. Tell you what, you guys give me money and I'll give you 8% per week! Heeeheeeee |
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Total Hashrate on order from tracked "valid" orders: 46.3725 Thash
That's 200 Ghash per valid order. Do you think fake orders exceed real orders enough to bring that average down below 60 Ghash?
Assuming the average stays the same for unreported orders (which is a huge assumption I admit) and assuming half of all orders are fake, that means with 7678 orders in the pipeline, at 100 Ghash per order due to half being fake... there is 767.8 Thash just from one payment option from just one manufacturer.
Right, but those are also orders over the past 3 months. Granted with the updated news I'm sure more valid orders are going to go in (probably a lot more), but I just can't picture anything near 770TH/s..even when adding up all of the competition as well. We'll just have to see where things go over the next 3 months. Maybe we'll have a better idea of the direction around then and we can speculate half as much |
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[Reserved - Updates] UPDATESSeptember 30th, 2012- As a result of the new BFL product specs, 5 Rigs comes out to a nice 7.5TH/s. Company financial information has been updated with the latest data and proves to be quite a bit more profitable than previously predicted. If the products are proven to work as currently shown, this will lead to increased Coupon Rates and Buybacks over the Hashing period.
- Current contract and details will be modified with the latest BFL information after being approved by Nefario and launched (I'm not trying to confuse people with a variety of different documents). Updates will be marked clearly so the community knows what was changed.
- Awaiting a reply from Nefario on the status of the IPO. Last we talked, the current details and contract (noted above) were being submitted to the board for review. If all goes well, I'll update here!
ENDOctober 6th, 2012With the news of GLBSE's insolvency due to severe mismanagement and legal implications, I will be looking to move my IPO to a new exchange. There are a number of possibilities, but the top two choices thus far are MPEx and #Assets-OTC (both of which I'm signed up for). I am, however, hoping a number developers and investors work with Burnsides to create a "BTC-Global" exchange to mimic the current "LTC-Global" litecoin exchange. The code seems solid, and it's a lot easier to navigate and work with compared to MPEx. Also, I revised the title to get rid of that disgusting [GLBSE] tag...makes me sick I will make a note in this thread's comments section asking for suggestions. ENDOctober 15th, 2012- Completely overhauled my fund. Updated original fund details, contract, and more QA info, as well as introductory paragraph.
- Currently creating four [4] formal documents for use with the fund and my company. These documents include a formally constructed Business Plan, General Agreement Contract, Letter of Intent, and Secured Promissory Note (which details the fund Notes themselves). I'll update the "Company Docs" section with Google Docs links when all are completed.
- Looking for a promissing Exchange people would be willing to go to for investments. MPEx seems out of the question, given the sketchy website and high costs associated with starting up. Currently looking into Cryptostocks and Havelock Investments. Community input is appreciated.
ENDOctober 21th, 2012New thread created to represent the company and Fund! -- https://bitcointalk.org/index.php?topic=119628.0 |
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I think we'll be in the PH/s range sometime next summer. BFL's bitpay order numbers are rising at ~81.5 per day. Assuming the orders average out to ~60 Ghash per order (which I don't think is too far off base with their current released specs, since there are multiple claimed SC rig orders, and orders of 6+ singles for one order number) that's ~5 Thash network growth per day just from BFL. Granted, many of those orders are probably not completed & paid for, but that is just the BitPay payment method we're looking at. People can also order through PayPal & Bank Wire.
Yeah, that's not quite likely. I alone have put in dozens of fake orders alone to test out different combinations of equipment. Turns out there are plenty of people out there like yourself that think I actually ordered all of them just because the order number incremented by 12. Then you have 4-5 competitors releasing ASIC products as well. We've already seen a bit of competition driving the $/Ghash down, I think we'll see much more of that in the coming months. Some people have claimed that the chips can be produced for less than $1 per Ghash. If that is the case, I don't see how we won't have a multi-petahash network speed next year.
As impressive as that would be, it would also be the only way to achieve the PH/s mark you noted. At current prices, a 1PH/s network rate would mean you're $30,000 Mini Rig only churns out 200BTC a month. Granted that would mean about a 12 month payback (at the current rate of $12.35 USD/BTC), which isn't terrible. Buuttttt, if that rig price would drop to $3,000 or less, then I'd say your prediction is right on track. Of course this argument goes out the window if no one delivers on spec, but it will be interesting times for miners either way.
True, but my guess is that it's pretty accurate. There are multiple companies offering roughly the same hash rate per chip...so either they're all conspiring against us or the chips do have some potential for high, sustainable rates. |
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I think 30M will be reached in 8-9 months (unless more delay in ASIC production)
Well how about that..we're on the same page. You consider only the preorder of BFL + a similar batch from other vendors and double it for security: total 124Thash.
Nope. Made up those numbers off the top of my head for an example. But Avalon has a preorder of 300 60GHash rigs alone for feb.2013 (18GHash) and say that another similar (or even bigger) batch will be ready after that date in few months, 62Thash will be from BFL and we are at 100THash by Apr-may. There are at least other 2 or 3 ASIC announced, if they will sell 60-80Thash in 6 months we are at 160-180GHash.
Link to this? And yes that seems about right. My actual prediction starts at 150TH/s and goes up to 250TH/s within a 12 month timeframe. |
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I would be concerned that a product that is supposed to ship so soon can be made faster overnight. Either the chips were made to run that fast or they have not ordered the chips yet. And if made to run that fast why not say so in the first place and tell everyone they will make sure they are stable so the speed could be approx that much.
Or they planned to sell crippled ones and then release better ones....
So confusing.
Chances are it was already a 'fast' chip, but you don't go around updating everyone on it until it's been thoroughly tested. Given they're probably nearing the end of the product development cycle, updating their website (and us on the forums) with "new" technical information seems very plausible. And having various speed "tiers" for chips seems quite likely as well. Look at what Intel or AMD do for their CPUs...some chips can be exactly the same, but are factory clocked at certain GHz for various price points. |
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Maybe not 100.000.000 but neither only 17.000.000 as Korban say.
I extimate a 3-40.000.000 difficulty in 8-10 months: there are ASIC for 1THash/sec in delivery for the Q1 of 2013, but is not impossible to expect some 2 or 3THash/sec rig in near future.
The Korban prevision is based on the assumption that no one buy more ASIC after the first batch (or near so), but I think that for every ASIC preorderd at least another one can be sold in the next 4-6 months, doubing the difficulty.
How did you get those numbers?...and no where did I say anything 'no more purchases after the first batch'. I was just making numbers up for this example. My actual research puts the difficulty at around 30M over the course of 12 months...but that's about to be updated given BFL's new product news, as well as increased ASIC competition and more preorders. |
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Best news I've seen all day, and super exciting. Assuming the products will meet their speeds when we get them that is. The Mini Rigs are SOOOO fast now! lol
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