Bitfury - Mining Lighbulb

[TheRealSteve]

Thus concludes BitFury's relative rise, at least for now, as well as the graphs until something interesting happens again; or somebody can go set up a realtime version.  Until such a time: http://organofcorti.blogspot.com/

[alh]

I wonder if the folks at Bitfury have to wear sunglasses when visiting the farm, considering all the "Mining Bulbs" they must have by now...... 

This is a totally flippant comment considering the title of this thread. Nobody in their right mind will attempt to accumulate any serious hash rate using anything other than a purpose built ASIC miner. Just my jab at the "Everything that uses electricity should be miner" crowd.

[TheRealSteve]

Peculiarly, mentions of MBP have been removed from BitFury's press page.

[Guy Corem]

Peculiarly, mentions of MBP have been removed from BitFury's press page.

Thanks for the update. The next 30 days should be very interesting.

[-droid-]

yeah im curious how this turns out, seems like it would only be useful as a fun way to light up the house or office..

[TheRealSteve]

Although primary goal has not yet been achieved, solution is near.

[notlist3d]

yeah im curious how this turns out, seems like it would only be useful as a fun way to light up the house or office..

I would put one in one of my mining areas for fun.   I think it would be a neat toy.

I don't expect these to be ROI machines.  Just fun miners to play with.

[xstr8guy]

Peculiarly, mentions of MBP have been removed from BitFury's press page.

I get the impression that their partnership ended a long time ago. Dave Carlson just seems to be into mining and his "franchise program" (whatever that is) now and not hardware development. He was really just a reseller of Bitfury hardware anyways.

[Guy Corem]

Peculiarly, mentions of MBP have been removed from BitFury's press page.

Thanks for the update. The next 30 days should be very interesting.

As I said:

https://twitter.com/BitfuryGeorge/status/632264181471772672

vs:

https://bitcointalk.org/index.php?topic=1156770.0

Interesting times ahead ...

[TheRealSteve]

Yeah, it's still odd to remove previous press releases though  Doesn't matter - their climb continues, while this month should be heating up overall

@SP: Yeah, I saw that - have it open in another tab to update the wiki - how convenient a timing, though, right?

[Guy Corem]

Yeah, it's still odd to remove previous press releases though  Doesn't matter - their climb continues, while this month should be heating up overall

@SP: Yeah, I saw that - have it open in another tab to update the wiki - how convenient a timing, though, right?

Indeed.

[TheRealSteve]

BW.com of course launched their cloud mining op that's supposed to run LK Group's 14nm effort.

To swing this thread semi-back on topic ( where's the lightbulbs? ), some more pictures of BitFury's old efforts pop up:
http://www.cybtc.com/article-1891-1.html

[QuintLeo]

I'm still trying to figure out why anyone would buy a "mining lightbulb". The economics are just NOT making any sense, even treating the thing as just a toy.

[TheRealSteve]

I'm still trying to figure out why anyone would buy a "mining lightbulb". The economics are just NOT making any sense, even treating the thing as just a toy.

If they would put it on the market at prices comparable to a regular 'smartbulb', then treating it as such, I can see a market even among those who have no idea what Bitcoin mining is Bitcoin transaction verification services are





In other news, BitFury have revealed a bit more of their plans with regard to 16nm tech:
http://www.8btc.com/bitfury-chinese-market

Some key points from that:

• Plan to expand into non-Bitcoin computation-heavy industries
• Plan to expand into China and further into North America
• 16nm preliminary calculations: 5 times more efficient than 28nm*
• Aiming for 400Ph/s (roughly the current network capacity) 6 months after deployment

* Their claims on 28nm was 0.2J/Gh, which would make their claim for 16nm be 0.04J/Gh

Not much further detail on the bulb though

[Guy Corem]

I'm still trying to figure out why anyone would buy a "mining lightbulb". The economics are just NOT making any sense, even treating the thing as just a toy.

If they would put it on the market at prices comparable to a regular 'smartbulb', then treating it as such, I can see a market even among those who have no idea what Bitcoin mining is Bitcoin transaction verification services are





In other news, BitFury have revealed a bit more of their plans with regard to 16nm tech:
http://www.8btc.com/bitfury-chinese-market

Some key points from that:

• Plan to expand into non-Bitcoin computation-heavy industries
• Plan to expand into China and further into North America
• 16nm preliminary calculations: 5 times more efficient than 28nm*
• Aiming for 400Ph/s (roughly the current network capacity) 6 months after deployment

* Their claims on 28nm was 0.2J/Gh, which would make their claim for 16nm be 0.04J/Gh

Not much further detail on the bulb though

Interesting, thanks.
The article doesn't cover BitFury 28nm results. When they're selling hosted hash-rate, they're claiming efficiency of 0.35 J/GH for maintenance calculation.

[TheRealSteve]

I guess being private and all they don't really have to worry about posting any specs - nobody who could verify it anyway.  Not suggesting that they are doing this, but in that position you can of course claim any efficiency you want, and with it maintenance/operating costs, that'll maximize profit.

[Guy Corem]

I guess being private and all they don't really have to worry about posting any specs - nobody who could verify it anyway.  Not suggesting that they are doing this, but in that position you can of course claim any efficiency you want, and with it maintenance/operating costs, that'll maximize profit.

Indeed.

[TheRealSteve]

very minor website change, new 'research' section (currently only containing Smart Contracts on Bitcoin Blockchain)

[TheRealSteve]

BitFury has announced it has completed the tape-out for its 16NM ASIC bitcoin mining chips, which were first revealed to be in production in February.

The chip will achieve energy efficiency of 0.06 joules per gigahash, compared to the 0.2 joules per gigahash of its 28nm predecessor

[valkir]

That mean that a lightbulb could be pretty good.