Bitfury - Mining Lighbulb

[sidehack]

Call me old school, but I really like owning things. Means I can break them and then fix them without anyone else getting involved. Or improving them. Or loaning them out to friends. Leasing stuff forever makes it easy to be transient, but it also makes the guys that own the stuff you're leasing that much richer.

Not every company building mining devices into every single thing ever is going to allow you to choose your own pool. Not saying BitFury's lightbulbs will be that locked down, but I expect it to happen to a lot of other things.

I don't always assume only bad things happen. I always assume the rich and powerful base all decisions on being more rich and/or powerful by taking advantage of the customer base (sometimes deceptively).

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[Guy Corem]

Look at 24H, 1W and 1M pool distribution here: https://www.blocktrail.com/BTC
It seems that 21 is finally deploying their 3rd gen (2nd attempt to do Intel 22nm)
BitFury is more or less stable, probably decided not to deploy their 28nm and concentrate on the 16nm (just a guess).
It will be interesting to see KNC over the next weeks.

[Guy Corem]

Look at 24H, 1W and 1M pool distribution here: https://www.blocktrail.com/BTC
It seems that 21 is finally deploying their 3rd gen (2nd attempt to do Intel 22nm)
BitFury is more or less stable, probably decided not to deploy their 28nm and concentrate on the 16nm (just a guess).
It will be interesting to see KNC over the next weeks.

You might be interested in this : http://www.coindesk.com/kncminer-deploys-next-generation-16nm-bitcoin-asic/

Looks like KNC has got the 16nm done "The company says the "environmentally friendly" chip, capable of 0.07 w/GHs, will increase the efficiency of its industrial mining farms by 6–8%."

I am not a fan of KNC though.

I'm aware. This is why I've said it will be interesting.

[Guy Corem]

Look at 24H, 1W and 1M pool distribution here: https://www.blocktrail.com/BTC
It seems that 21 is finally deploying their 3rd gen (2nd attempt to do Intel 22nm)
BitFury is more or less stable, probably decided not to deploy their 28nm and concentrate on the 16nm (just a guess).
It will be interesting to see KNC over the next weeks.

You might be interested in this : http://www.coindesk.com/kncminer-deploys-next-generation-16nm-bitcoin-asic/

Looks like KNC has got the 16nm done "The company says the "environmentally friendly" chip, capable of 0.07 w/GHs, will increase the efficiency of its industrial mining farms by 6–8%."

I am not a fan of KNC though.

I'm aware. This is why I've said it will be interesting.

Spondoolies able to compete with this? I would like to see you guys keep up with them and hopefully have some new miners for sale by the end of the year.

http://www.kncminer.com/blog/newsarchive
..."six to eight times when deploying this new mining platform Solar in the 'old' 28 nm farms"...
Six to eight times of the 'old' 28 nm farm isn't 0.07 w/GHs

[Guy Corem]

Look at 24H, 1W and 1M pool distribution here: https://www.blocktrail.com/BTC
It seems that 21 is finally deploying their 3rd gen (2nd attempt to do Intel 22nm)
BitFury is more or less stable, probably decided not to deploy their 28nm and concentrate on the 16nm (just a guess).
It will be interesting to see KNC over the next weeks.

You might be interested in this : http://www.coindesk.com/kncminer-deploys-next-generation-16nm-bitcoin-asic/

Looks like KNC has got the 16nm done "The company says the "environmentally friendly" chip, capable of 0.07 w/GHs, will increase the efficiency of its industrial mining farms by 6–8%."

I am not a fan of KNC though.

I'm aware. This is why I've said it will be interesting.

Spondoolies able to compete with this? I would like to see you guys keep up with them and hopefully have some new miners for sale by the end of the year.

http://www.kncminer.com/blog/newsarchive
..."six to eight times when deploying this new mining platform Solar in the 'old' 28 nm farms"...
Six to eight times of the 'old' 28 nm farm isn't 0.07 w/GHs

That could be due to size and ability to fit extra miners per rack or psu, it doesn't have to be 100% based on the hashrate.

Real estate is cheap compare to electricity. Not hashrate, but efficiency.

[gallery2000]

just got new insights into how light bulbs increase the efficiency of mining..   Light bulbs attract flies.  The flies use their wings to cool down the light bulbs (like little fans), thus making the bulb cooler to mine; thus increase the efficiency of the mining.  This is a genius invention by Bitfly.

[jimmothy]

http://www.kncminer.com/blog/newsarchive
..."six to eight times when deploying this new mining platform Solar in the 'old' 28 nm farms"...
Six to eight times of the 'old' 28 nm farm isn't 0.07 w/GHs

You cut off the most important part of that quote which is "KnCMiner's stated goal at this node is to increase the efficiency in the mining farms six to eight times when deploying this new mining platform Solar in the 'old' 28 nm farms"

I'd think if KNC managed to achieve any impressive specs they would have come out immediately boasting them instead of a "goal".

[Mikestang]

You know, I was thinking you could probably make a deal with chicken farmers and others who require heat bulbs and allow them free use of the bulbs while you take in BTC and pay zero electric. Only issue is making sure there is wifi there which could fixed with a cheap mifi but that would really cut into cost  and possibility of an roi.

You'd have to find a dumb chicken farmer to take that deal.  Why would he want a BTCbulb when all he wants is heat?  A heat bulb will produce heat more efficiently than a mining bulb that also produces a bit of heat as a by-product, there's no benefit to the chicken farmer here.

[alh]

Don't forget that the chicken farmer also has to supply Internet access. He probably doesn't already have that there.

[gallery2000]

You know, I was thinking you could probably make a deal with chicken farmers and others who require heat bulbs and allow them free use of the bulbs while you take in BTC and pay zero electric. Only issue is making sure there is wifi there which could fixed with a cheap mifi but that would really cut into cost  and possibility of an roi.

I am a chicken farmer.  My chickens love the cold.  The chickens would take the zero degree day over any 110 F day anytime.

[TheRealSteve]

mildly back on topic: http://www.virgin.com/richard-branson/launching-a-high-tech-product-is-as-easy-as-screwing-in-a-lightbulb

[sidehack]

All they needed was light bulb screw base, a microprocessor, a wifi chip, and a bitcoin mining chip. This could all be controlled with an iPhone.

Yep, because that's more readily accessible than a single USB port and a single open-source executable which can run on almost any platform. Not that I don't like educational tools - the stick miner I'm building is more or less deliberately that - but when I think about "I wanted kids to be able to do it" I don't immediately think about access to mains power and $300 smartphones.

[gallery2000]

Mining ak-47.  Good idea or not?

[Bicknellski]

All they needed was light bulb screw base, a microprocessor, a wifi chip, and a bitcoin mining chip. This could all be controlled with an iPhone.

Yep, because that's more readily accessible than a single USB port and a single open-source executable which can run on almost any platform. Not that I don't like educational tools - the stick miner I'm building is more or less deliberately that - but when I think about "I wanted kids to be able to do it" I don't immediately think about access to mains power and $300 smartphones.

Ya Mains power and kids go POOF.

$300 dollar smartphones? Won't a knock off work?

[sidehack]

They say "this could all be controlled with an iPhone" but yeah there'd probably also be an Android app. Or if it's webconfig-based, but that could greatly increase the internal processor requirements (unless they go the ASICMiner route).

But yes, I know from experience that "Mains power and kids go POOF" is a very accurate statement. Educational tools for bitcoin are a great idea, but it's probably a slightly greater idea to make educational tools for bitcoin that are a bit safer. Who knows though, they might do some good with these.

[CanaryInTheMine]

Call me old school, but I really like owning things. Means I can break them and then fix them without anyone else getting involved. Or improving them. Or loaning them out to friends. Leasing stuff forever makes it easy to be transient, but it also makes the guys that own the stuff you're leasing that much richer.

Not every company building mining devices into every single thing ever is going to allow you to choose your own pool. Not saying BitFury's lightbulbs will be that locked down, but I expect it to happen to a lot of other things.

I don't always assume only bad things happen. I always assume the rich and powerful base all decisions on being more rich and/or powerful by taking advantage of the customer base (sometimes deceptively).

Just pointing out an emerging trend with younger generation

[Xialla]

ahh, so it is not joke or something....

anyway, cool gadgets for geeks and techies, otherwise for sure without ROI and just for "I'm mining with my light-bulb" feeling. And pink looks nice..

[sidehack]

Call me old school, but I really like owning things. Means I can break them and then fix them without anyone else getting involved. Or improving them. Or loaning them out to friends. Leasing stuff forever makes it easy to be transient, but it also makes the guys that own the stuff you're leasing that much richer.

Not every company building mining devices into every single thing ever is going to allow you to choose your own pool. Not saying BitFury's lightbulbs will be that locked down, but I expect it to happen to a lot of other things.

I don't always assume only bad things happen. I always assume the rich and powerful base all decisions on being more rich and/or powerful by taking advantage of the customer base (sometimes deceptively).

Just pointing out an emerging trend with younger generation

Yep, and you're probably right, but as a twenty-something I can safely say most young people are idiots.

[Finksy]

Yep, and you're probably right, but as a twenty-something I can safely say most young people are idiots.

This.

/thread

[Guy Corem]

Impressive growth to BitFury pool in the last week:

https://www.blocktrail.com/BTC
https://www.btc123.com/mining/

Probably not due to a massive installation of mining light bulbs

https://twitter.com/BitfuryGeorge/status/606062996411031552

Mixed of unconfirmed rumors, from various sources, take it with a grain of salt, non of it confirmed:

- 0.35 - 0.37 J/GH at the wall
- Air cooling, probably by replacing old BF3500 hashing boards
- Immersion cooling "on hold"
- UMC 28
- Working on TSMC 28 and TSMC 16

Let's see when and where the growth will stop.
Still waiting for KNC deployment ...

http://bitcoin.sipa.be/growth.png