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

[Micky25]

Valery Vavilov, CEO of BitFury, said: “We are very excited to launch mass production of our super 16nm ASIC Chip. The final results of our hard work have fully met our expectations. We understand that it will be nearly impossible for any older technology to compete with the performance of our new 16nm technology. As a responsible player in the Bitcoin community, we will be working with integration partners and resellers to make our unique technology widely available ensuring that the network remains decentralized and we move into the exahash era together. BitFury warmly welcomes all companies interested in joining our integration and reseller program.”

then they should avoid to make BS statements.

Well, where's the BS? How should they handle this to make it better?

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[Gyrsur]

Valery Vavilov, CEO of BitFury, said: “We are very excited to launch mass production of our super 16nm ASIC Chip. The final results of our hard work have fully met our expectations. We understand that it will be nearly impossible for any older technology to compete with the performance of our new 16nm technology. As a responsible player in the Bitcoin community, we will be working with integration partners and resellers to make our unique technology widely available ensuring that the network remains decentralized and we move into the exahash era together. BitFury warmly welcomes all companies interested in joining our integration and reseller program.”

then they should avoid to make BS statements.

Well, where's the BS? How should they handle this to make it better?

they should answer to emails from smaller entities too to make it real decentralized and widely available.

[Prozak]

they should answer to emails from smaller entities too to make it real decentralized and widely available.

I have got answer from Bitfury

[SIRacer09]

they should answer to emails from smaller entities too to make it real decentralized and widely available.

I have got answer from Bitfury

And what was the reply?   

[Prozak]

Thanks for the email. We will pass your details over to our integrators who will get in touch with you when the machines are ready.

Best
BitFury!

[RoadStress]

Valery Vavilov, CEO of BitFury, said: “We are very excited to launch mass production of our super 16nm ASIC Chip. The final results of our hard work have fully met our expectations. We understand that it will be nearly impossible for any older technology to compete with the performance of our new 16nm technology. As a responsible player in the Bitcoin community, we will be working with integration partners and resellers to make our unique technology widely available ensuring that the network remains decentralized and we move into the exahash era together. BitFury warmly welcomes all companies interested in joining our integration and reseller program.”

then they should avoid to make BS statements.

This is nothing. Check out his LIES about mining being decentralized on this blog post: https://medium.com/@BitFuryGroup/keep-calm-and-bitcoin-on-4f29d581276#.1d6zjt936

[brontosaurus]

Valery Vavilov, CEO of BitFury, said: “We are very excited to launch mass production of our super 16nm ASIC Chip. The final results of our hard work have fully met our expectations. We understand that it will be nearly impossible for any older technology to compete with the performance of our new 16nm technology. As a responsible player in the Bitcoin community, we will be working with integration partners and resellers to make our unique technology widely available ensuring that the network remains decentralized and we move into the exahash era together. BitFury warmly welcomes all companies interested in joining our integration and reseller program.”

then they should avoid to make BS statements.

Well, where's the BS? How should they handle this to make it better?

Like everything that Bitfury announces you have to read very carefully, I refer to: "We understand it will be nearly impossible for any older technology to compete .......". The 'nearly' is the giveaway, despite their strange announcement about 'every transistor on the new chip being laid out by hand' they know that ultimately their solution, for one reason or another, has not worked exactly to plan and that a good full custom 28nm design can beat the crap out of it. Such solutions exist.

Sometimes silence is the best strategy, don't demean your competition or their engineers, by all means promote your products but don't try to make out they are something that they're not. I'm pretty sure that Bitmain aren't losing any sleep over this chip and the mere fact that Bitfury are promoting sales so strangely tends to suggest:

1. They are losing a lot of money or are  under pressure from their investors to make more and need to
    make it up from the suckers, sorry, customers who are desperate to get their paws on the wonder chip

2. They are worried that Bitmain have got a very cost effective solution which will ultimately come to
    dominate the network before they can get any real advantage from 16nm. I'm guessing that as well as
    mining Bitmain make very healthy margins from their S7's

Other suggestions are most welcome.

[dogie]

1. They are losing a lot of money or are under pressure from their investors to make more and need to
    make it up from the suckers, sorry, customers who are desperate to get their paws on the wonder chip

They are not.

2. They are worried that Bitmain have got a very cost effective solution which will ultimately come to
    dominate the network before they can get any real advantage from 16nm. I'm guessing that as well as
    mining Bitmain make very healthy margins from their S7's

If they're not, they should be. Bitfury has a pretty terrible history of dealing with anyone who doesn't have a representative lawyer where as Bitmain specifically caters from the one personal machine up to the corporate megafarm.

[baazju]

1. They are losing a lot of money or are under pressure from their investors to make more and need to
    make it up from the suckers, sorry, customers who are desperate to get their paws on the wonder chip

They are not.

2. They are worried that Bitmain have got a very cost effective solution which will ultimately come to
    dominate the network before they can get any real advantage from 16nm. I'm guessing that as well as
    mining Bitmain make very healthy margins from their S7's

If they're not, they should be. Bitfury has a pretty terrible history of dealing with anyone who doesn't have a representative lawyer where as Bitmain specifically caters from the one personal machine up to the corporate megafarm.

If by cater you mean go on vacation with no one at the office for two weeks to do repairs, RMAs, ship, etc... lol

[kano]

1. They are losing a lot of money or are under pressure from their investors to make more and need to
    make it up from the suckers, sorry, customers who are desperate to get their paws on the wonder chip

They are not.

2. They are worried that Bitmain have got a very cost effective solution which will ultimately come to
    dominate the network before they can get any real advantage from 16nm. I'm guessing that as well as
    mining Bitmain make very healthy margins from their S7's

If they're not, they should be. Bitfury has a pretty terrible history of dealing with anyone who doesn't have a representative lawyer where as Bitmain specifically caters from the one personal machine up to the corporate megafarm.

If my cater you mean go on vacation with no one at the office for two weeks to do repairs, RMAs, ship, etc... lol

... and they cater for it so well with dodgy software that's not been fixed for years ...

Also, it seems that the S7 includes the security risk extranonce subscribe hack also ...

[Dalkore]

Re container: probably a good deal if it costs 1-2mil and you have spare 2MW available.
I calculate that with halving coming and assuming just 2X difficulty increase until july 1 and 2X difficulty increase from July1 to Dec31 maximum bitcoin revenue would be somewhere between $4-5 mil in 12mo and ~$0.9-1.8 mil in electricity cost per year (first number for $0.05/kwh and second for $0.1/kwh).
However, who knows how much difficulty will increase. On the upside, price can increase and bail you out.
I wonder if anybody on the forum have access to 2mW?

I have access to 2MW.

[QuintLeo]

Like everything that Bitfury announces you have to read very carefully, I refer to: "We understand it will be nearly impossible for any older technology to compete .......". The 'nearly' is the giveaway, despite their strange announcement about 'every transistor on the new chip being laid out by hand' they know that ultimately their solution, for one reason or another, has not worked exactly to plan and that a good full custom 28nm design can beat the crap out of it. Such solutions exist.

 How is every transistor on the new chip being laid out by hand a "strange announcement"? Hello, welcome to the definition of FULL CUSTOM DESIGN.

 Care to explain how a full-custom 28nm design like the BM1385 used in the S7 can compete effectively after the halfing against a chip that has demonstrated over twice the efficiency and should still be PROFITABLE by then (it's looking more and more likely that the S7 is going to hit "unprofitable" shortly before the halfing unless you have VERY VERY cheap or FREE electric).

 BitFury's real competiton for their new chip isn't going to be 28nm. It is going to be the upcomming A3, and at some point probably a 14/16nm full-custom chip from Bitmain, and possibly 1 or 2 others eventually going with full-custom at 14/16nm.


I discount KnC's Solar, if they had THAT in full production they'd be showing a lot higher hashrate climb than they've demonstrated since their last annoucement about the thing.



 I also suspect BitFury's claim about "widely available" is STILL talking about that lightbulb thing of theirs.

[RichBC]

 I also suspect BitFury's claim about "widely available" is STILL talking about that lightbulb thing of theirs.

I think it could go beyond this as I am expecting to see a number of 3rd party Miners based on the BF8162C16 chip. They seem to be actively recruiting for "Integrators" http://bitfury.com/products#application-form so am hopeful that there will be a number of options? Let's hope there will be some affordable Miners and that one of them will be Sidehack?

As to the lightbulb I would still like to see it, as hopefully I will be able to afford one and it would be nice to have something low cost to take apart & play with.  


Rich

[sidehack]

Punin's gotten in touch with me. There's no feasible way I'll get a million bucks but he's working on making small orders possible (if only in a roundabout way) which is definitely nice.

[cryptotore]

Punin's gotten in touch with me. There's no feasible way I'll get a million bucks but he's working on making small orders possible (if only in a roundabout way) which is definitely nice.

Good to hear you are involved. I'd really like to see you making a miner with these chips!

[sidehack]

You and me both. A 500W 4TH kit would be pretty smexy. Also a 1TH pod and 100GH stick.

[cryptotore]

That would be perfect actually.
A rather silent 4TH would be awesome, and a 1TH pod is the dream!

[adaseb]

Punin's gotten in touch with me. There's no feasible way I'll get a million bucks but he's working on making small orders possible (if only in a roundabout way) which is definitely nice.

Any timeframe when you might receive these chips ?

[sidehack]

If you figure all they have right now are engineering samples, could be a while before they have any to hand out to third parties. I think "a month or two" has been the going assumption for when they have actual production chips.

[philipma1957]

Re container: probably a good deal if it costs 1-2mil and you have spare 2MW available.
I calculate that with halving coming and assuming just 2X difficulty increase until july 1 and 2X difficulty increase from July1 to Dec31 maximum bitcoin revenue would be somewhere between $4-5 mil in 12mo and ~$0.9-1.8 mil in electricity cost per year (first number for $0.05/kwh and second for $0.1/kwh).
However, who knows how much difficulty will increase. On the upside, price can increase and bail you out.
I wonder if anybody on the forum have access to 2mW?

I have access to 2MW.

and how will you handle  2MW of heat?

I see the top of that container and its fans giving off 4 million btus on the low end and 8 million btus on the high end

the container has about 40 by 10 foot area  so my heat disposal estimates tell me the fans won't be able to move 8 million  btus .  if anyone can tell me more info on this I would love to hear about the heat from those fans.