It's probably too late for that, if  he is in the US, some nutter will probably put a bullet in him for ruining their dreams, it will no doubt give Bitcoin a bad name in the back of the tabloids.

It's unlikely any good will come of this.

 I would assume most people have added voxelot to their ignore list by now, I certainly have, it was clear he is just here to troll the thread, nothing constructive will come from him.

 http://www.bitfurystrikesback.com/product/bitfury-55nm-asic-by-reel/

Still seems to be chip reels on sale in EU.

You send them back under warranty if they don't work properly.

But didn't Avalon originally say they wanted to be a mining farm, and the batch sales were just a side project?

They still have a pool of money to come in next month or so when they ship the bulk chip orders, remember they only took 50% payment for those, so there is 50% more waiting for them, which I think was a wise move.

They could even announce another round of chip sales after the first round is delivered, say at $40-$50 per chip, and they would still be competitive with many of the 28nm offers out there, a community of DIY boards tested/shipped would go a long way to restore faith.

Must be a right pain to set up just watching some of the Gox stories unfold!

Avalon dropped the ball with chip supply, BFL are in a position to capitalize on that if they wanted to.

There are already some BFL board projects just waiting on chips to arrive, which will add a reasonable amount to the net hash. I am sure lot's more DIY group buys would form if BFL sold 65nm chips at a competitive price.

I would expect that BFL have a massive markup on their 65nm chips, there is no reason why they couldn't keep selling them at a reduced price, whilst they focus on selling their 28nm product at a premium.

That would be an unknown in the TH/s calculations.

Seems the next difficulty adjustment is at block 60,480 we are at block 59,739  so still months off unless more people start mining again.

I can't seem to find any peers on my client, can anyone tell me an addnode IP that's still working?

I too agree that changing from a group buy to auction was not appropriate. There was nothing stopping the auction sale of complete boards after the group buy, it's should not have interfered with the last chips of the group buy, Barntech should have simply bought all the remaining chips, made some boards and sold them at auction.


If Bitfury/megabigpower want to retain market share, they will not increase their chip prices. There is so much ASIC power coming online in the next few months they would be crazy. The going rate for GH/s Nov delivery is below $20 per GH/s you already have KNCminer stating that their Nov shipment price will be $5,000 for the 400 GH/s Jupiter unit, that's $12.5 per GH/s for a complete system, not just chips.

Where are the Bitfury price jump figures you are basing your calculation on? I see nothing announced.

If you are suggesting that Barntech simply increased prices when megabigpower said the next batch of chips would be more expensive, you are also wrong, the prices remained the same until the chips remaining got down below 600, then they went to auction.

megabigpower haven't put any revised H-board prices on their site either, they are still at $500, so were are guessing at what might happen with Bitfury prices.

So what's the story with CHNcoin, is there going to be an updated client with a faster diff correction to fix this high diff lock problem?

What block was the next diff adjustment scheduled for?

The price of chip reels was quite clearly stated on the megabigpower.com site as $60,000 for  3,000 chips, you can check that on the Internet archve wayback from last month. No ambiguity there at all.

It's the price of future reels that's up in the air.

Good to see you respond, way better than silence.

I'm pretty certain by now that most people are counting on the BTC price to rise.

As we have seen, people will do weak business plans an build big mining farms regardless of the trends and facts about difficulty staring them in the face.

ASICminer are going to have to get up to 1PH/s by Xmas to remain in the game.

Assuming they can get a 16x power reduction from 110nm to 28nm die reduction, they are going to need a 20x hash rate increase to stay where they are now. That would mean replacing their entire farm with 28nm tech and expanding it by Xmas.

I read somewhere that that was some crystal frequency thing between the different boards, and is misleading.

Do a search on BFL_Engineer's posts over the last week or so.

So where did that Avalon chip shipment that was tracked to Hong Kong end up, at Bitmine?

Sounds like the boards were not individually wrapped before the were put in the box, that's all. A common problem when I buy stuff from China on eBay.

Don't forget to double your electricity costs to allow for the air conditioning.  If you have to hire even a single staff member to run the show, their wages would buy a lot of electricity. Data center space is not cheap either.

The article also said Bitmine were in Hong Kong where the electricity is way more than $0.10 per kWh.
http://www.hkelectric.com/web/CommercialAndIndustrialServices/BillingPaymentAndElectricityTariff/TariffTable/Index_en.htm

Even if they get better chips, the hash rate is rising faster than Moore's Law, which works on hardware performance doubling every 18mths. I don't think ASIC mining scales to suit big farms. I think it is best for home users with no staff or rent overheads, I might be wrong, but so far none of the big projects make sense on paper unless BTC/USD starts doubling in price every few months.

I bet when the big farms made their plans, they didn't know about KNCminer, Hashfast, Cointerra, BFL 28nm etc.