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Author Topic: Who's Selling ASICs?  (Read 1036 times)
Buffer Overflow
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June 12, 2013, 02:43:39 PM
 #21

with this ASICs what will happen to BTC?
Network will get stronger.

ironcross360
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June 12, 2013, 02:45:06 PM
 #22

Aside from BFL, who else is currently selling ASIC miners? Are they actually being delivered unlike BFL's products? I'm thinking of purchasing one to start mingin as I notice GPU mining BTC is soon to die out.
theres someone on here giving free asic's

Why are you just staring at this? Just send it! 1MHZjADM41ttjbPUiTPYWGYGm45XLf8ZeS
El Extranjero (OP)
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July 02, 2013, 07:48:32 AM
 #23

I would simply want to buy an ASIC cash though, and not with bitcoin. the whole point of me wanting an ASIC miner is that I can mine bitcoin I don't already have. -.- I came across an English website that claimed to sell GPU and ASIC miners. They would ship the GPU miners on purchase but would add you to a waiting list if you bought an ASIC.

bitfromit
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July 02, 2013, 09:06:50 AM
 #24

ASICMINER was the first to the market. https://asicminer.info

There is some serious stuff in the pipeline however (>4 TH) : http://thegenesisblock.com/amc-announces-4-8-ths-bitcoin-miners-for-3000-btc/
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July 02, 2013, 09:30:46 AM
Last edit: July 03, 2013, 11:38:11 AM by J35st3r
 #25

There is some serious stuff in the pipeline however (>4 TH) : http://thegenesisblock.com/amc-announces-4-8-ths-bitcoin-miners-for-3000-btc/

Interesting. Discussion is at https://bitcointalk.org/index.php?topic=158806.0 (beware, that's a self-moderated thread).

Seems to be mostly a fund-raising operation, with some pretty vaporware on their web site. Avalon clones, with plans for a MPW prototype run of a "World’s Fastest Bitcoin Minnig (sic) Chip" 28nm giving 20GHash/sec (compare KNCMiner's 100GHash/sec, lol).

I'll put it on the list of ones to watch, but it smells somewhat scammy to my nose.

Edit: Also at https://bitcointalk.org/index.php?topic=206488.0 (self moderated)

I have upgraded my assessment to ...
Scam

1Jest66T6Jw1gSVpvYpYLXR6qgnch6QYU1 NumberOfTheBeast ... go on, give it a try Grin
bitfromit
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July 02, 2013, 09:50:45 AM
 #26

It is the electricity / hash rate ratio that is going to determine profitability. No good having a fast hash rate that guzzles lots of power. Hence ASICS.
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July 02, 2013, 10:03:19 AM
 #27

It is the electricity / hash rate ratio that is going to determine profitability. No good having a fast hash rate that guzzles lots of power. Hence ASICS.

Yes, eventually, but right now its the ROI on the initial capital invested that is the key metric. In that sense GPUs and FPGAs are already dead (except for mining with existing kit, and its there that GPUs are hitting the power limit, unless you've got free electric). Unfortunately ASICs are vastly overpriced for their expected ROI, so its not a money making proposition. The prices will have to fall (and its started with the ASICminer usb erupters dropping from 2BTC to 1BTC, though still overpriced IMHO). The manufacturers are laughing all the way to the bank (the usb eruptors have an estimated marginal cost of just $25 to manufacture), at least those that are able to ship product anyway.

1Jest66T6Jw1gSVpvYpYLXR6qgnch6QYU1 NumberOfTheBeast ... go on, give it a try Grin
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