Bitfury: "16nm... sales to public start shortly"

[leowonderful]

Things specific for my design should be addressed in the Community Miner Discussion thread, rather than a general Bitfury thread.

Roger that.

Also, I don't drink coffee.

To each his own.

I need 2 cups in the AM or waking up takes too long.

40 oz during the day   prefer it black no sugar.  new england hazelnut

electric perk brew  then strain it with a paper filter

This has gone so far off topic that I see no reason to post about the new info about the new bitfury chip and join in on the coffee fun. :c
That kind doesn't taste as good imo, try again. The mention of nuts made me spit out my water.. I've tried the new england coffee, it's not as good.
No sugar?!?!? How do you even live? I have to pour 30 grams of sugar into my coffee for it to taste good. Seriously.

--BACK ON THE RAILROAD TRAKS--
I really don't think these chips will be especially profitable when they come out because by then difficulty will have been pumped up so high by people mining before the halving that when these new bitfury miners come out, they'll be like the s3.. Even though efficiency has gone up so much, it still stays unprofitable.
I can't predict the future or anything, so I could be completely wrong or completely right. Only time can tell.

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[sidehack]

Well, mining is self-regulating. The halving is going to hurt a lot, but it's not like bitcoin's going to disappear. What becomes unprofitable to run will no longer be run, coin prices will go up, fees will go up, and the system will keep on running. If anything has a chance to be profitable, it'll be the most efficient chip available at the time. That's dependent a lot on initial cost, but the market is adjustable as well - if BitFury can't sell enough of them at whatever price, they'll either use 'em themselves or lower the price. There are way too many variables to make any sort of accurate prediction, but the fact that pretty soon 99% of the world won't be able to turn a buck with 0.3J/GH gear helps the assumed viability of 0.1J/GH gear.

[bronxnua]

Well, mining is self-regulating. The halving is going to hurt a lot, but it's not like bitcoin's going to disappear. What becomes unprofitable to run will no longer be run, coin prices will go up, fees will go up, and the system will keep on running. If anything has a chance to be profitable, it'll be the most efficient chip available at the time. That's dependent a lot on initial cost, but the market is adjustable as well - if BitFury can't sell enough of them at whatever price, they'll either use 'em themselves or lower the price. There are way too many variables to make any sort of accurate prediction, but the fact that pretty soon 99% of the world won't be able to turn a buck with 0.3J/GH gear helps the assumed viability of 0.1J/GH gear.

help us.. get more lean using power.

[Ethey]

wow that chip looks quit efficient
i dont know how hard this will last on the BTC difficulty

What kind of products therefore are planned this time? are them still selling the chip without any cards?

cheers

[QuintLeo]

I assumed he meant that many chips wide, where the current does multiply. The wider a string, the more stable it's going to be as any changes in current demand (which then affect voltage) in one chip will be buffered out by the remaining chips in the node, so you really don't want to run a single-wide string if you don't have to.

 If it's "wide" it's not a string, it's a parallel setup.



 The "golden rule" definitely predates Christianity, and might predate the Jews as well, but is NOT specifically a "religion-based" related way to interact with folks.
 I've known too many Athiests that follow it (well, most of the time, we're ALL human after all!).


 I am one of the VERY few failures of the Navy in their attempt to addict all sailors to coffee - I already had a Pepsi habit and didn't LIKE coffee made "the Navy way" (though my Navy Sludge was Master Chief Mess Cook approved after they tought me how to make the stuff).

[RichBC]

I assumed he meant that many chips wide, where the current does multiply. The wider a string, the more stable it's going to be as any changes in current demand (which then affect voltage) in one chip will be buffered out by the remaining chips in the node, so you really don't want to run a single-wide string if you don't have to.

 If it's "wide" it's not a string, it's a parallel setup.

It's a String with width, like the S7, 45 Chips per board arranged in a 15 Node string, 3 chips to a node, or Avalon6, 40 Chips per Board, 20 Nodes, 2 chips to a node.

Rich

[dogie]

The "golden rule" definitely predates Christianity, and might predate the Jews as well, but is NOT specifically a "religion-based" related way to interact with folks.

I've known too many Athiests that follow it (well, most of the time, we're ALL human after all!).

I am one of the VERY few failures of the Navy in their attempt to addict all sailors to coffee - I already had a Pepsi habit and didn't LIKE coffee made "the Navy way" (though my Navy Sludge was Master Chief Mess Cook approved after they tought me how to make the stuff).

The hell has this thread become!

[rupy]

The hell has this thread become!

Yeah, what happened to "16nm sales to public start shortly"?!

I guess it's this hell or the other "pre-order" hell... can't have it any other way or maybe both ways!!! oh noes...

The day bitcoin mining hardware is sold as zero day announcement immediate delivery you know the payoff is none.

[Unacceptable]

The hell has this thread become!

Yeah, what happened to "16nm sales to public start shortly"?!

I guess it's this hell or the other "pre-order" hell... can't have it any other way or maybe both ways!!! oh noes...

The day bitcoin mining hardware is sold as zero day announcement immediate delivery you know the payoff is none.

"Shortly"- To occur in many many months.....maybe 

[2112]

The hell has this thread become!

It isn't "hell" it is "tribulation". We are all waiting here for the second coming of our Bitfurian savior, may he come soon in all his 16nm glory and deliver us from our oppressors.

[tmfp]

Looks like a good short to me.

[2112]

Here's Don Carlos singing about "miner has to go through tribulation, no matter where he's from".

https://www.youtube.com/watch?v=TnpK3wq4Foc

Here's Ras Nyto singing about "no ASIC no food you're in bad mood"

https://www.youtube.com/watch?v=uVG_OLd6upo

Edit:

Sorry, I forgot that this thread is full of metalheads, not reggae fans. So more fitting will be the band "Metal Corrosion" from Soviet Union singing:
"dyabol dyabol spasi! kto tak nas pokaral?"
"devil devil save us! who punished us?"

https://www.youtube.com/watch?v=n_9F9KbAebE

Edit2:

Also, since this thread is full of coffee aficionados: the 5th track is entitled "Black Terror" (starts at 16:05). This would be a perfect brand name for the strongest coffee.

[Finksy]

Well, mining is self-regulating. The halving is going to hurt a lot, but it's not like bitcoin's going to disappear. What becomes unprofitable to run will no longer be run, coin prices will go up, fees will go up, and the system will keep on running. If anything has a chance to be profitable, it'll be the most efficient chip available at the time. That's dependent a lot on initial cost, but the market is adjustable as well - if BitFury can't sell enough of them at whatever price, they'll either use 'em themselves or lower the price. There are way too many variables to make any sort of accurate prediction, but the fact that pretty soon 99% of the world won't be able to turn a buck with 0.3J/GH gear helps the assumed viability of 0.1J/GH gear.

This is strictly assuming that difficulty remains flat. My prediction would be price is not going to be drastically increased after the halving, as anyone taking it into consideration has already and people have already speculated at it from a trading point of view.  However, majority of mining operations will maintain course up until the moment the reward is cut in half before un-plugging, which will lead to some drastic reductions in difficulty. It is very self-evident, but if difficulty was to drop by 50% at the halving (this is just for comparison, not an actual prediction), effective mining revenue would be the exact same as the block before.  I.E. if 99% of the world un-plugged their 0.3J/GH and higher gear at the halving as you say, then a fair chunk of them would just plug them back in after the next difficulty drop(s). Realistically, I would expect to see a 20-30% negative difficulty adjustment in the periods following the halving.

[sidehack]

I might have implied that 99% would unplug 'em, but not that 99% of it would stop running. How much of the 0.3J/GH gear will be bought up by folks who can still run it profitably? I expect the first drop will be pretty good, but there's a lot of places that probably wouldn't mind getting their hands on cut-rate S7 and run 'em for another couple months on 2-3c power. That 1% is probably itching for it, and I bet anyone who paid, well, what Bitmain was charging for an S7 will probably sell to whoever he can in order to minimize losses since those things were pretty much overpriced from the get-go. Hopefully a lot of that hashrate disappears, but it's no guarantee.

[spazzdla]

I am still running an S1 because... I want to.

[RoadStress]

"Shortly"- To occur in many many months.....maybe 

2 weeks!

[Zitudent]

wow that chip looks quit efficient
i dont know how hard this will last on the BTC difficulty

What kind of products therefore are planned this time? are them still selling the chip without any cards?

cheers

I think the miners are being tested by the manufacturers, that will bring up the difficulty quite a lot in the near future.

[hedgy73]

I wonder if bitfury have actually sold any chips yet or are they just mining with them?

[Biomech]

No, actually that's mostly explained by a combination of small-town upbringing (focus on Christian ethics, frugality and self-reliance) and 98th-percentile intelligence, which results in a low tolerance for idiots or lazy people and a general inability to relate to most folks even within my own generation. The facts that coffee tastes like burnt dirt and caffeine has no real effect on me anyway are mostly irrelevant to my attitude in general.

I can't find one thing to dispute in that, aside from my personal love of coffee. People are interesting. They're also 99% of all problems. And if you're talking "generation X" (my age showing here), most of them are willful morons.

[Finksy]

No, actually that's mostly explained by a combination of small-town upbringing (focus on Christian ethics, frugality and self-reliance) and 98th-percentile intelligence, which results in a low tolerance for idiots or lazy people and a general inability to relate to most folks even within my own generation. The facts that coffee tastes like burnt dirt and caffeine has no real effect on me anyway are mostly irrelevant to my attitude in general.

And if you're talking "generation X" (my age showing here), most of them are willful morons.

Nope, he's one of us "Millenials"  -the ones most Gen X'ers believe to be lazy, entitled, willful morons.