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

[galdur]

So, is this new chip already upon us? Difficulty is spiking again, up 7% with four days to go until the next adjustment. Total hasrate is presently a staggering 1.3 Exahash/s.

[sidehack]

Well in this case it was a general dis on "big business" and the greed inherent in human nature (most prominent and corrupting in people of wealth and power), which when you think about big businesses driven by greed you immediately think of banks and investors.

I didn't buy a competitor's product because I didn't want to anyway. Got no money for it. What it is doing, however, is delaying a project I've been investing time and resources in for a year or so, the end goal of which is to build a miner using BitFury chips. By keeping folks like me out the loop, they're costing themselves potential sales rather than costing competition. Also, when you comment on something make sure to read its context - your explanation is a paraphrase of my sentence immediately following the one you quoted.

[bargainbin]

^I understand, and feel about the same, the whole CPU->GPU->FPGA->ASIC escalation wasn't my idea of fun, but predictable -- Bitcoin is driven by greed rational self-interest, per design parameters.
Big business happens, end result of economies of scale. That's the way of the world, banks, in this instance, had nothing to do with it -- other bitcoiners did.

[galdur]

Well, I guess all enterprise for profit is driven by greed so there´s nothing new in Bitcoin as that is concerned. Furthermore; the Chinese who dominate mining may not share our western noble ideals about Bitcoin. To them it´s probably just another milking cow.

[bargainbin]

... the Chinese who dominate mining may not share our western noble ideals about Bitcoin. To them it´s probably just another milking cow.

It's another milking cow to us noble westerners too, BitFury being a western co. (Valery Vavilov, CEO -> dead giveaway).
Let's at least be honest with ourselves.

[galdur]

... the Chinese who dominate mining may not share our western noble ideals about Bitcoin. To them it´s probably just another milking cow.

It's another milking cow to us noble westerners too, BitFury being a western co. (Valery Vavilov, CEO -> dead giveaway).
Let's at least be honest with ourselves.

Yeah, and even better; they make the equipment. That´s always good business in any gold rush of course, providing the shovels, picks and such.

[dogie]

Well, I guess all enterprise for profit is driven by greed so there´s nothing new in Bitcoin as that is concerned. Furthermore; the Chinese who dominate mining may not share our western noble ideals about Bitcoin. To them it´s probably just another milking cow.

Its really racist to say that because "westerners" are westerners they're implicitly honorable while because the Chinese are Chinese that they're implicitly evil. When you look at the facts its only been Chinese companies who have shown any sort of nobility by foregoing their own needs for the greater good.

• Gen 1 Avalon, they could have put them all in a warehouse and walked away with about $6m of bitcoins but instead they chose to sell them for nothing.
• Bitmain have always sold openly to the public with the latest technology even when there have been no competitors.

Meanwhile, almost every western company so far has only done things to maximise their profit.

• BFL took preorders for profit while selfmining-ish.
• KNC only used public sales to fund their own super farms.
• Bitfury only used public sales to fund their own super farms.
• CoinTerra, HashFast, Bitmine, BlackArrow, AMT etc etc.... all using public sales / preorders to fund their own farms / doing naughty things.

Also called it back in December:

BAMM - a WORKING 16 nm full custom ASIC chip @TSMC ! 5x more efficient than our 28nm. Sales to public start shorlty. Decentralize @Bitcoin !

https://twitter.com/bitfurygeorge/status/677132522074017794

I'll believe it when I see it, impossible to tell what is PR with this company.

[galdur]

It´s racist to talk about westerners? This guy must be on some extreme medication. And/or suffering from political correctnessitis in the final stages, hahahahahahahahaha.

[sidehack]

No, actually, he has a point. You just have to actually read it.

[galdur]

No, actually, he has a point. You just have to actually read it.

I read it and that´s the last I´ll read of this guy. Not very interested in clinically politically correct people at all. Have fun, bye.

[dogie]

No, actually, he has a point. You just have to actually read it.

I read it and that´s the last I´ll read of this guy. Not very interested in clinically politically correct people at all. Have fun, bye.

Bye.

[suchmoon]

Vavilov and BitFury are "westerners"? I guess I should take that cold war world map off my wall.

Anyway, I gave up on waiting for BitFury, not that I had high hopes to begin with. HODL for me, thank you.

[bargainbin]

Vavilov and BitFury are "westerners"? I guess I should take that cold war world map off my wall.
...

"Western," in this context, has nothing to do with Eastern vs. Western Europe, or Eastern Bloc vs. rest_of_world. Think Occident vs Orient.
So keep that old map.
That said, BitFury is unambiguously western.

BitFury is the fully integrated Bitcoin Blockchain security and infrastructure provider with offices in San Francisco and Amsterdam.

[sidehack]

Yeah, dogie can drop loads of crap sometimes. We all do it now and then. But calling you out on dissing Chinese for how evil their business practices are compared to how great us Westerners are, while ignoring the fact that, within the Bitcoin economy, pretty much every overtly scammy manufacturer we can think of was a Western enterprise. Nobody is trying to say China is specifically good or evil, just that it's crappy to make announcements based on prejudice while denying evidence.

I'm from Missouri, and I like to think that Missouri folks are decent. I'd rather work with someone from Missouri than someone from China. That said, Butterfly Labs, MinerSource and VMC all started in Missouri. So to be fair, the evidence would suggest we kinda suck. That's just the way it is.

Honestly, in the bitcoin economy you really can't say any group are noble. Very few here are truly altruistic and pretty much everyone's in it to profit one way or another. Just like with basically every other economy in the world.

[Biodom]

Vavilov and BitFury are "westerners"? I guess I should take that cold war world map off my wall.

Anyway, I gave up on waiting for BitFury, not that I had high hopes to begin with. HODL for me, thank you.

As someone else said, all US companies that sold miners turned out to be either incompetent or scam.
"Contemplate this on the tree of woe".

[kilo17]

Punin:

Since the Bitfury sample chips were finally sent out last week I was thinking you could pay the 1 BTC with sample chips for the Commiunity miner so we can get things rolling on it.  I would like to have the miner out in a reasonable time frame

[mu77aL]

14nm just outcome from sfards isnt it?

[navigatrix]

14nm just outcome from sfards isnt it?

Got a link? There's nothing new on their site to hint at a faster, more efficient chip. Just the 28nm SF3301 dual-mining chip, which I'm still not interested in.

I really want to see sidehack's project take wing.

[QuintLeo]

I wish Sidehack wasn't anti-Scrypt, I'd love to see what he could come up with for an EFFICIENT Scrypt miner using the A4 (I'm betting Innosilicon and their integrators go for the short-string higher-hash less efficient options).

On the other hand, if Innosilicon actually puts a buck on each string for their A4 based miner(s), it becomes a mostly moot point.

[jstefanop]

I wish Sidehack wasn't anti-Scrypt, I'd love to see what he could come up with for an EFFICIENT Scrypt miner using the A4 (I'm betting Innosilicon and their integrators go for the short-string higher-hash less efficient options).

On the other hand, if Innosilicon actually puts a buck on each string for their A4 based miner(s), it becomes a mostly moot point.

Guess you missed my project...I took the even more efficient Alchminer chip and have squeezed it to under 4w/MH at it most efficient setting (500kh/s). It can go to over 1MH on max speed(about 8-9 watts).

Check out the link in my sig.

And all of innosilicons A4 based miners are non string designs..they have about 4 chips per buck.