Why the Bitcoin community HAS to save the network from HashFast, CoinTerra, BFL.

[Dabs]

You know what, just because the idea was abandoned, doesn't mean its not good or a bad idea. I think, DZ, we are in a better position to either start another similar movement or continue this.

We could form something, talk to certain chip makers, talk to fabricators, talk to engineers, do the whole thing, except we are not a company. We are not a corporation. We don't even have to be a cooperative.

Key people are important, of course. But, take bitcoin itself. We have been abandoned, by the founder, but the project continues. Maybe he's out there? Just watching? We don't know.

Open source. Chips. Designs. Boards. Miners. Fabs. 130nm, 65, 55, 28, 14. 300 MH/s, 600, 1 GH/s, 2, 5, 10.

Imagine, whether or not we make money, but thousands of individuals have access or the power, each one doing 500 GH/s or more.

As Andrew Carnegie once said, I'd rather have 1% of the efforts of 100 people, than 100% all by myself.

Shall I start recruiting? Or do we wait for volunteers?

I had this dream or vision of forming an association of bitcoin escrow agents. Never had a need, and I thought it would be like herding cats.

[topminingcontracts]

If the original concept of the post is correct. I think the best way to push the hardware providers to sell the equipment instead of mining with our pre-buy money, is to do a massive BTC sell, the price should go down and in panic they will deliver the units to avoid refunds and to get more orders and profit on hardware.

Probably is impossible to organize such massive coorditaned BTC sell.

:-)

TMC

[OurAsic]

Nah, Dabs, I wasn't talking about *us* abandoning customers.

I'm talking about the Original Posters - OurAsic - just up & vanishing, after tying to pull the strangest pump & dump scam or bait & switch scam I've ever seen.

The Mary Celeste was found abandoned, much like we found this thread: abandoned! 

I think reality smacked him hard with the hammer of truth. The world sucks get used to it 

We did not vanish. We were just doing further market research to make sure the project is feasible. We are more confidant than before in the community's ability to execute this project. First steps first, we need to select the treasurers. A new thread will be created to take nominations from the community. For the next 3 days, everyone would be able to nominate members of bitcointalk.org for the role of the treasurers. Only "Full Members", or "Sr Members" or "Hero Members" can be nominated. After 3 days, we will create a poll with a list of all the nominations. The poll will run for another 3 days. The top 10 members voted will be selected as treasurers.

In the meanwhile, we will be contacting different ASIC design companies to get formal quotes for the design.

[User705]

Not sure where to begin.  Number one probably is that bitcoin community isn't a sick animal so there is nothing to save.  It's just a lot of different people doing different things for many different reasons.  Number two I'd love to here how much you are willing to contribute to this saving crusade seeing that you said you are bitcoin veterans.  But this is all bound to fail since you seem to just want to move profits around from one group to another nothing else.  Let's imagine for a second a magic box into which you can stick 2 mil worth of bitcoins and out will pop ASIC design for you.  Now what?  You say we are going to let it be open source and then "the community" will have cheap chips.  Really?  How are you picturing this working?  Joe in America, or Sebastian in Germany, or Ming in China will just call up TSMC and order a few chips they can screw onto their iPad with a dirty screwdriver and out pops an ASIC miner?  What will happen is ASIC manufacturers will order these chips manufacter a miner and guess how much they will charge to sell it?  MARKET PRICE. So in this instance you propose to take all these crusader bitcoin community savers money and transfer it to these other ASIC manufacturers.  Right?  So you say no way this greed is bad we will make our own miners to sell below market price.  Ok let's see how that will work.  You hire some people to build these miner but now you have to somehow select who gets them below market price since everyone wants 10 and obviously if you sell them all to them it's no longer below market price so you have to pick winners somehow.  Maybe you have a lottery or your employees start picking their friends names out of the hat and the the rumors start that someone is selling them at market prices out the back door ala BFL rumors.  You start shipping and all of a sudden they start getting "lost" or "stolen" or "broken" because people want a few extra at below market prices.  Is this what you had in mind to save the bitcoin community? 

[1l1l11ll1l]

Competition, that's what it takes, notice the prices dropping as new ASIC companies come about.


The price of ASICS is determined by what people are willing to pay. You have many people willing to pay $3500 for the asic, if you provide asics at a much more reasonable $350 for the same hash, you'll have that same person buying 10. If you can fully supply with no delays, you'll have an even more massive spike in difficulty, thus making the ROI in the same ballpark as it is now. On top of that, if OurASIC isn't making much of a margin, your customers will be, as the OurASIC devices will end up at auction to whomever is willing to pay the premium.

The hardware companies aren't mining on everyone's preorders, the money is in the profit margins of the ASICS,, the more they sell, the more they will sell. It's a very unique industry. Cars, TVs, Computers, the more you sell, the more your sales slow down as the market is saturated, ASICS? The more you saturate the market, the more you will sell.

[wunch]

Not sure where to begin.  Number one probably is that bitcoin community isn't a sick animal so there is nothing to save.  It's just a lot of different people doing different things for many different reasons.  Number two I'd love to here how much you are willing to contribute to this saving crusade seeing that you said you are bitcoin veterans.  But this is all bound to fail since you seem to just want to move profits around from one group to another nothing else.  Let's imagine for a second a magic box into which you can stick 2 mil worth of bitcoins and out will pop ASIC design for you.  Now what?  You say we are going to let it be open source and then "the community" will have cheap chips.  Really?  How are you picturing this working?  Joe in America, or Sebastian in Germany, or Ming in China will just call up TSMC and order a few chips they can screw onto their iPad with a dirty screwdriver and out pops an ASIC miner?  What will happen is ASIC manufacturers will order these chips manufacter a miner and guess how much they will charge to sell it?  MARKET PRICE. So in this instance you propose to take all these crusader bitcoin community savers money and transfer it to these other ASIC manufacturers.  Right?  So you say no way this greed is bad we will make our own miners to sell below market price.  Ok let's see how that will work.  You hire some people to build these miner but now you have to somehow select who gets them below market price since everyone wants 10 and obviously if you sell them all to them it's no longer below market price so you have to pick winners somehow.  Maybe you have a lottery or your employees start picking their friends names out of the hat and the the rumors start that someone is selling them at market prices out the back door ala BFL rumors.  You start shipping and all of a sudden they start getting "lost" or "stolen" or "broken" because people want a few extra at below market prices.  Is this what you had in mind to save the bitcoin community? 

you just don't get it man. Its the corporations ASIC makers keeping down the people! We will build our own society ASIC's using vegan fair trade silicon and there will be peace and love and drum circles forever.

[papamoi]

hi guys

so when our asic will be ready?

i m trying to make a 35 nm of around 0.8giga on small die and it s damn complicated

how are your plan s is going?do you have a design or else already?

fab is choosen or yet?

keep me posted

thanks