Hi everyone. Our team has just started a project of mining ASIC design & production. We believe it will be both profitable for us and good for the Bitcoin community if we fully work it out. It is widely believed that the NRE cost of ASIC is very high, while the margin cost of mass ASIC production is very low. However, we happen to be in China, where the NRE cost is much more reasonable (~150k$ for 130nm, ~500k$ for 65nm, furthermore much less if you do a 1/N mask) than most people thought. And we are going to take well advantage of that. Our approach is incremental in all aspects. We will set several milestones and see what will happen if we achieve each of them. The report on each stage will be posted here. In the design stage, including both the front-end and the back-end, we are going to fund ourselves. When we are finally ready to turn our design into real chips, we will seek investments, possibly both inside and outside the Bitcoin world. The first batch of our ASIC will not be an end, and we are going to renew our technology with the evolution of the hardware industry, so we are going to make this project a long-term one. However, this thread is not for investment asking, but merely for discussion and our status report. Open discussions (feel free to add more!)1. Self mining .vs. Selling hashes .vs. Selling hardware 2. Warnings, e.g. what are the typical causes to a failed ASIC manufacturing 3. Approaches to get enough funding for production (To be extended)Status reportsJuly 18We have had our IC design company registered at Shenzhen, China. The name of our company is "bitfountain" We also have signed the confidential contract with the IC manufacturer and got the process library necessary for correct DC synthesis. July 29Front-end work done. Preliminary specification given. August 2More optimization and trade-offs applied. MH/J improved and Watt/mm^2 reduced at the cost of some chip area increase. August 11The pictures of our IC layer are revealed.  (Larger pictures: https://bitcointalk.org/index.php?topic=99497.msg1092138#msg1092138) (To be extended)Quoting for the record. |
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I mast say that i am not an expert but it seems that there is a lot of room available to fill  Apart of the joke i have red somewhere that some of the guys do use "self made" tools to be able to achieve big density. The info was here if i remember correctly but link is dead http://www.bitfury.org/xc6slx150.htmlyeah we also write a lot of private tools, in order to help us fight with stupid XILINX tool chain. Sometimes I feel the FPGA development world could benefit massively from clean-slate-designed open source tools to do the logic synthesis, mapping, placement, routing, etc. Right now, there is not much competition between Xilinx and Altera to improve their software tools, because the competition is mostly centered around the hardware capabilities of their chips, not the quality of the software stack. |
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Estimated product performanceProduct descriptionReclaimer RM is a 3U 19"-compatible 'rackmount' device which can be controlled via Ethernet connection and work directly at selected pool/bitcoind without any PC. You'll be able to mine on any pool or your own mining server. Are you really going to need 3U of electronics/fans/etc for 80 Gh/s? BFL supposedly will be able to do 80 Gh/s with 2 tiny Single SC (which will be the same size as 2 current Singles), which suggest BFL will be massively more efficient in terms of Mh/Joule... |
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I do hope they ship in late Oct! As an international customer I really want to get my hands on these before Xmas!
Christmas is such an arbitrary deadline... I want mine before November! |
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Holy shit, Vladimir, we agree on something! (I'm sure we agree on other things, but we have not discussed beer or space exploration on bitcointalk.)
Forum operators admit to reading pirate's (and other) PMs, have stickied threads, "suggested" creating PPTs (whatever side you fall on with gote or theymos on that one), and have recorded bets with Matthew. It all creates a big stink.
When people talk about "the BTC community," which I deny truly exists, they are talking about this forum, and it's a snake pit.
Hi reeses, why did you delete almost all your posting history (including the posts where you supported pirateat40)? Your post count is now 17. As Donald's hair said, I just do it. Part of it is getting tired of being involved in the anti-rational drama that peaked with the Ponzi threadstorm [...] Ok. In other words "I defended/supported pirateat40, but I don't want to admit I was wrong, so I am deleting the evidence"  Go back and read my posts, you lazy, dishonest fuck. Then choke on a bucket of cocks. Quoted for evidence. You are the one who is irrational and dramatic with your insults. The "bitcoin community in which [you] wish to participate" is being tainted by people like you. |
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Holy shit, Vladimir, we agree on something! (I'm sure we agree on other things, but we have not discussed beer or space exploration on bitcointalk.)
Forum operators admit to reading pirate's (and other) PMs, have stickied threads, "suggested" creating PPTs (whatever side you fall on with gote or theymos on that one), and have recorded bets with Matthew. It all creates a big stink.
When people talk about "the BTC community," which I deny truly exists, they are talking about this forum, and it's a snake pit.
Hi reeses, why did you delete almost all your posting history (including the posts where you supported pirateat40)? Your post count is now 17. As Donald's hair said, I just do it. Part of it is getting tired of being involved in the anti-rational drama that peaked with the Ponzi threadstorm [...] Ok. In other words "I defended/supported pirateat40, but I don't want to admit I was wrong, so I am deleting the evidence" |
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That said, please make sure you verify that the person you are dealing with is honest and that they have a legitimate order. I would also recommend that you make the details of your order sales/purchasing public on the forums, so that there is some sort of record of it.
Huh? Making the info public seems like a bad idea; it makes it easier for scammers to impersonate persons in line by being able to give legitimate order # and info. That's the same reason why I think the BFL "wait list" threads give too much info, eg. https://bitcointalk.org/index.php?topic=89685.0 |
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Holy shit, Vladimir, we agree on something! (I'm sure we agree on other things, but we have not discussed beer or space exploration on bitcointalk.)
Forum operators admit to reading pirate's (and other) PMs, have stickied threads, "suggested" creating PPTs (whatever side you fall on with gote or theymos on that one), and have recorded bets with Matthew. It all creates a big stink.
When people talk about "the BTC community," which I deny truly exists, they are talking about this forum, and it's a snake pit.
Hi reeses, why did you delete almost all your posting history (including the posts where you supported pirateat40)? Your post count is now 17. |
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Correct, Trendon S******. If many know your identity, it is one more reason to stop your Ponzi scheme now...
or just keep doing what he's doing since it isn't a ponzi? Still think it was not a Ponzi?  imsaguy, farfiman, Haplo, and anybody else who argued against me that it wasn't a Ponzi: I would like you to re-read this thread and try to understand where your logic or psychology prevented you from seeing the reality of the clear signs of a Ponzi scheme that I was explaining. You will thank me later if you learn something and are able to avoid future Ponzi schemes. As I said in another thread, the reason I participated in Pirateat40 threads was to genuinely prevent people from losing their money. |
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cablepair: can we pre-order by paying in bitcoins?
I seem to remember your site offered a Bitcoin payment option, but I don't see it anymore...Edit: It is possible to pre-order in Bitcoins, the option only appears on one of the final checkout pages. I just pre-ordered mine, yay! I wish you the best of luck in this hw project, cablepair. gigavps: you are wrong to not trust cablepair, just like you were wrong to invest thousands of BTC with pirateat40 cablepair provided enough evidence (given my tolerance to risk -- there is always some amount of risk) that his ASIC project seems real. |
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You can have a person that gives you any/everything you ask for to make you comfortable, and they can always chose to be dishonest and run with the money. The best way to minimize that from happening would be to invest in an honest person, which I am. If you don't believe that, you have issues with trust.
You claim an insane interest rate, but (1) you are a stranger to us, (2) you claim to have "secret" investments, (3) you have no long-term history... and we are the ones having "issues with trust"? Are you out of your mind? Do you honestly fail to understand why you are not trusted here? I've been here for over a year, that's not long term enough? You have no long-term history of making 2-3% weekly: Dank bank only started 7 weeks ago. If you found a way (or ways) to make a reasonably significant amount of profit, would you go around telling people on a public forum?
I would borrow investment money at a 1-2% monthly interest from banks/family/friends, instead of borrowing from the Bitcoin community at 12% monthly (your scheme), duh! (Or, as a matter of fact, since I have a long-term history of being a reasonably good investor over the years, I built enough capital that I would not need to borrow money in the first place.) |
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You can have a person that gives you any/everything you ask for to make you comfortable, and they can always chose to be dishonest and run with the money. The best way to minimize that from happening would be to invest in an honest person, which I am. If you don't believe that, you have issues with trust.
You claim an insane interest rate, but (1) you are a stranger to us, (2) you claim to have "secret" investments, (3) you have no long-term history... and we are the ones having "issues with trust"? Are you out of your mind? Do you honestly fail to understand why you are not trusted here? |
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Please tell me what differentiates you from a Ponzi scheme? You match almost all red flags established by the U.S. SEC from http://www.sec.gov/answers/ponzi.htm#RedFlags : - High investment returns with little or no risk: Check. You claim it is "low risk" while returning an insane 180-370% yearly (2-3% weekly)
- Overly consistent returns: Check.
- Secretive and/or complex strategies: Check.
- Etc... with the exception of difficulty receiving payment, because your scheme has yet to collapse.
Any intelligent investor should assume that you are a Ponzi. Therefore I predict that your scheme will eventually collapse and default. I was right when I predicted this for pirate, I will be right this time again. I strongly recommend current Dank Bank investors to stress test the scheme by withdrawing all their funds at once on a particular day, this will collapse the scheme immediately.This is hilarious. I have three investors, I've had five in total. That screams ponzi? Yes. Again, you match almost all the Ponzi red flags from the above list. A Ponzi scheme can be sustained with even just 1 investor, as long as the rate of his/her withdrawals don't exceed the rate of deposits. For example, to convince us you are not malicious, you would publish a lot more information about what you invest in. But you don't. That doesn't mean I'm running a ponzi. [...] But that's how you look to potential investors: you look very much like a Ponzi with a 95% probability, based on the information you give them. At best, you are an overly confident man who is wrong to claim to be a "low risk" investment. But I am not there to argue with you. I am there to warn potential investors/victims. |
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Please tell me what differentiates you from a Ponzi scheme? You match almost all red flags established by the U.S. SEC from http://www.sec.gov/answers/ponzi.htm#RedFlags : - High investment returns with little or no risk: Check. You claim it is "low risk" while returning an insane 180-370% yearly (2-3% weekly)
- Overly consistent returns: Check.
- Secretive and/or complex strategies: Check.
- Etc... with the exception of difficulty receiving payment, because your scheme has yet to collapse.
Any intelligent investor should assume that you are a Ponzi. Therefore I predict that your scheme will eventually collapse and default. I was right when I predicted this for pirate, I will be right this time again. I strongly recommend current Dank Bank investors to stress test the scheme by withdrawing all their funds at once on a particular day, this will collapse the scheme immediately.This is hilarious. I have three investors, I've had five in total. That screams ponzi? Yes. Again, you match almost all the Ponzi red flags from the above list. A Ponzi scheme can be sustained with even just 1 investor, as long as the rate of his/her withdrawals don't exceed the rate of deposits. For example, to convince us you are not malicious, you would publish a lot more information about what you invest in. But you don't. |
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With that said, I simply wouldn't have made the wager unless I knew exactly what the outcome would be.
Pirate 0 - Vandroiy 1 |
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Dank Bank is structurally not a ponzi scheme.
Please tell me what differentiates you from a Ponzi scheme? You match almost all red flags established by the U.S. SEC from http://www.sec.gov/answers/ponzi.htm#RedFlags : - High investment returns with little or no risk: Check. You claim it is "low risk" while returning an insane 180-370% yearly (2-3% weekly)
- Overly consistent returns: Check.
- Secretive and/or complex strategies: Check.
- Etc... with the exception of difficulty receiving payment, because your scheme has yet to collapse.
Any intelligent investor should assume that you are a Ponzi. Therefore I predict that your scheme will eventually collapse and default. I was right when I predicted this for pirate, I will be right this time again. I strongly recommend current Dank Bank investors to stress test the scheme by withdrawing all their funds at once on a particular day, this will collapse the scheme immediately. |
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B3 is listed as "RSVD" (Reserved), why does it need to be plugged into the +12v line?
"Pin B3 is defined as "reserved" in the PCIe specs I have access to. But my PCIe extenders have B3 wired to the other 12V lines, so I presume that more recent versions of the PCIe spec re-assigned B3 to carry the 12V voltage". http://blog.zorinaq.com/?e=44(I am the person who introduced powered PCIe extenders to the community.) |
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Actually, I "know" what he was doing, and how he could make such profits. Now if on monday he hasn't paid back/post a news, I will explain the general concept. He was not a scammer, and it wasn't a ponzi, that's for sure.
Pirate raises every single red flag of a Ponzi scheme: overly consistent returns, unregistered investments, secretive and/or complex strategies, difficulty receiving payment, etc. This is from a list published by the U.S. SEC: http://www.sec.gov/answers/ponzi.htmYou are merely trying to convince yourself there is still hope of seeing your money back. Wake up! I tried to warn victims of not investing in his scheme 2 months ago but you did not listen to me. |
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Very nice find, forrestv. Your security reviews keep impressing me.
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I don't need to exchange these currencies anymore. I ended up buying them directly in Prague and Budapest.
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