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

[adaseb]

If they sell to the public and if its priced


very cheap, then they will probably launch 100x the hashrate of chips they sold after a few months and cause the difficulty spike

very expensive, then nobody will be able to buy it and get ROI.

[megatron1337]

i really hope they think of the small guys also and make "for domestic use" miners that are affordable,efficient electricity wise and can hash at a level that can give us an interesting ROI given how we will be going into exahashes soon and the difficulty level will be very high also.

[notlist3d]

i really hope they think of the small guys also and make "for domestic use" miners that are affordable,efficient electricity wise and can hash at a level that can give us an interesting ROI given how we will be going into exahashes soon and the difficulty level will be very high also.

It will not be "small guys" most likely.  If your a company making miners most likely is who they would sell to, the question is what MOQ dogie mentioned is required.

It's really early to tell what will happen. I'm not sure hat will happen if they keep pumping these out, difficulty is going crazy is all we know 100 percent.

[Unacceptable]

i really hope they think of the small guys also and make "for domestic use" miners that are affordable,efficient electricity wise and can hash at a level that can give us an interesting ROI given how we will be going into exahashes soon and the difficulty level will be very high also.

It will not be "small guys" most likely.  If your a company making miners most likely is who they would sell to, the question is what MOQ dogie mentioned is required.

It's really early to tell what will happen. I'm not sure hat will happen if they keep pumping these out, difficulty is going crazy is all we know 100 percent.

That's exactly what they want,the whole Bitcoin network to themselves,not just Bitfury,but KnC,Spoondolies,etc... & maybe even Bitmain,eventually....... 

I doubt very seriously that Bitfury is going to offer any "small" quantities for us "home" miners.

See the diff rise?? That's the proof 

Unlikely sidehack or anyone gets to buy chips,unless it's a huge/expensive amount in fiat or quantity.So fuhgetaboutit 

[dogie]

See the diff rise?? That's the proof 

Its not.... This announcement is based on a small number of engineering sample chips not deployment.

[punin]

It will not be "small guys" most likely.  If your a company making miners most likely is who they would sell to, the question is what MOQ dogie mentioned is required.

It's really early to tell what will happen. I'm not sure hat will happen if they keep pumping these out, difficulty is going crazy is all we know 100 percent.

Actually quite the opposite. We are focused on maximum distribution on all levels. Minimum order quantity (at least in my shop) will be 1 chip.

[adaseb]

It will not be "small guys" most likely.  If your a company making miners most likely is who they would sell to, the question is what MOQ dogie mentioned is required.

It's really early to tell what will happen. I'm not sure hat will happen if they keep pumping these out, difficulty is going crazy is all we know 100 percent.

Actually quite the opposite. We are focused on maximum distribution on all levels. Minimum order quantity (at least in my shop) will be 1 chip.

Any estimate date when we will be able to buy these miners and chips?

[RichBC]

Actually quite the opposite. We are focused on maximum distribution on all levels. Minimum order quantity (at least in my shop) will be 1 chip.

That is great news, please keep us informed as to progress. What are your plans on release of the Interface and Control Specification for the chips?


Rich

[padrino]

It will not be "small guys" most likely.  If your a company making miners most likely is who they would sell to, the question is what MOQ dogie mentioned is required.

It's really early to tell what will happen. I'm not sure hat will happen if they keep pumping these out, difficulty is going crazy is all we know 100 percent.

Actually quite the opposite. We are focused on maximum distribution on all levels. Minimum order quantity (at least in my shop) will be 1 chip.

I wonder what prompted the massive change in direction.. Traditionally Bitfury has been harder to get hardware from than just about anyone.. Even 7 figure deals don't motivate them to sell anything at the moment.. Not complaining just very surprised..

[d57heinz]

I dont think bitfury is even testing in the ph range with these chips yet.. If you look at the chart http://data.bitcoinity.org/bitcoin/hashrate/30d?c=m&t=a Check out the hash spike and who caused it..  why would bitfury throw 100 peta to f2pool and antpool?.. If i had a guess id say this is all bitmain farms causing the spike.. Be good to see another price war if you ask me. Is always better for the consumer.. With bitmain latest round of pricing.  its grossly apparent we need more than one company selling miners.  BW.com is vaporware as of yet so cant really compare their low price per ths.. Its another cloud atm  Be nice to see these roll out in january. My plan already is to hold on buying miners. Hashrate is going to 1 eh easy without bitfury help.. Looking forward to how this unfolds

Best Regards
d57heinz

[Dr Charles]

Ill be following this closely

[abokhalel2]

I honestly don't get why would someone sell something this efficient to public? I would keep it to myself and enjoy ROI-ing couple times before thinking of sharing this impressive spec with anyone else

Too good to be true though. We will see what happens.

[toptek]

I honestly don't get why would someone sell something this efficient to public? I would keep it to myself and enjoy ROI-ing couple times before thinking of sharing this impressive spec with anyone else

Too good to be true though. We will see what happens.

It may be BS !!!  we have to  wait and see .but why not share it ?. but with bit fury i don't trust it. it might just  be them letting us know they have a nice chip and are lieing to us about selling to the public, unless it's like some one else said they want full control over the bitcoin network and this is how they plan to do it, then shut out every one and any one .
The Problem with one group of people controlling it, is bitcoins could become worthless then they would be handing there own ass to them self because they got to greedie.

[fr4nkthetank]

Anybody else think that current antminer s7 / avalon production is bumping the diff a lot, and that this is hurting big time bitfury's profits and older gear profitability....I'm just saying, knowning how this world works, I wouldnt be the least surprised if these anouncements are made only to make people delay or suspend their own purchases or data center plans for bitcoin, to make them "wait" or rethink their own profitability....so that the diff rises a little less and bitfury makes a little more money, for a little longer.

[yxt]

time will tell

[wlefever]

Anybody else think that current antminer s7 / avalon production is bumping the diff a lot, and that this is hurting big time bitfury's profits and older gear profitability....I'm just saying, knowning how this world works, I wouldnt be the least surprised if these anouncements are made only to make people delay or suspend their own purchases or data center plans for bitcoin, to make them "wait" or rethink their own profitability....so that the diff rises a little less and bitfury makes a little more money, for a little longer.

That is definitely a good thought, and it has made me included rethink investing in other hardware.  Right now everyone is working on the next most efficient chip, and trying to make their money back as fast as possible.  But, then there is also the need to verify transactions after mining has lost even more of its profitability which is the next stage of bitcoin mining since we already have over 15 million of the 21 million that will ever be in existence.

So this efficiency out of chips will be necessary to run hardware, and they will be poised to lead the market.  Of course everything changes for miners if the btc price grows astronomically in the next decade or two.

[bctmke]

It will not be "small guys" most likely.  If your a company making miners most likely is who they would sell to, the question is what MOQ dogie mentioned is required.

It's really early to tell what will happen. I'm not sure hat will happen if they keep pumping these out, difficulty is going crazy is all we know 100 percent.

Actually quite the opposite. We are focused on maximum distribution on all levels. Minimum order quantity (at least in my shop) will be 1 chip.

This got me to watch this thread (and related ones far more closely).

[Biodom]

Anybody else think that current antminer s7 / avalon production is bumping the diff a lot, and that this is hurting big time bitfury's profits and older gear profitability....I'm just saying, knowning how this world works, I wouldnt be the least surprised if these anouncements are made only to make people delay or suspend their own purchases or data center plans for bitcoin, to make them "wait" or rethink their own profitability....so that the diff rises a little less and bitfury makes a little more money, for a little longer.

...Of course everything changes for miners if the btc price grows astronomically in the next decade or two.

nothing will change since all astronomical increases in price would be immediately eaten by corresponding increases in difficulty.
I say, within 3 mo all price increases are usually negated by rising difficulty (not to mention the halvings).
Last few mo are a good example.

[wlefever]

Anybody else think that current antminer s7 / avalon production is bumping the diff a lot, and that this is hurting big time bitfury's profits and older gear profitability....I'm just saying, knowning how this world works, I wouldnt be the least surprised if these anouncements are made only to make people delay or suspend their own purchases or data center plans for bitcoin, to make them "wait" or rethink their own profitability....so that the diff rises a little less and bitfury makes a little more money, for a little longer.

...Of course everything changes for miners if the btc price grows astronomically in the next decade or two.

nothing will change since all astronomical increases in price would be immediately eaten by corresponding increases in difficulty.
I say, within 3 mo all price increases are usually negated by rising difficulty (not to mention the halvings).
Last few mo are a good example.

You don't think that will slow down some when the summer months, and halving start to approach?  Surely that will slow down some of the difficulty increase....I think lol

[d57heinz]

Not when they have cooling like this.. Im sure that more will move to cooler locations aswell..  Most of this hashrate isnt joe blow with a cpl ths heating his house for the winter.  Just seen this on blockchain/  That facility can house a ton of miners..  And at the efficiency they claim!! Gonna make for interesting next few years at:)

https://youtu.be/uV7MDhqNyXE?t=27s

Best Regards
d57heinz