Devise (OP)
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December 09, 2012, 08:45:32 PM |
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Hi guys! I know this is my first post, but i was reading this forum for a long time.. So my question is: I am willing to buy an ASIC. But I am not sure from which company? As far as I have researched there are just 2 thrustworthy: https://www.bitcoinasic.net/http://www.butterflylabs.com/Are they really thrustworthy? Or are the just scam? |
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"You Asked For Change, We Gave You Coins" -- casascius
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K. Darien Freeheart
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December 09, 2012, 09:52:03 PM |
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It's a heated topic, for sure. I'll give my answer and someone will pop in to refute it.
My answer?
You can trusty Butterfly Labs. You can trust the folks at btcfpga.com.
The reason I say this is because I have products from both. Not ASICs, as they've not been released yet, but FPGA devices from them. Any company could decide to up and screw over their customers, but both have proven that they CAN develop and ship a functional product.
Now, what remains to be seen is how well their ASIC products perform once they ship. But I trust that both will ship, and they will be awesome, and they will not screw over their customers.
I would not buy a product from a company that has not yet shipped any product. There might be legit vendors that will produce ASICs, but I wouldn't risk the kind of money on it.
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flynn
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December 09, 2012, 10:25:37 PM |
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I would trust Ngzhang too. definitely.
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intentionally left blank
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mjc
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December 09, 2012, 10:44:01 PM |
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It really depends on your risk tolerance. I personally bought 2 Single SC from Butterfly labs. If you have a lower risk tolerance, just wait until they come out and see what everyone is saying. Until then its anyone's guess.
All we have to go on is what the companies are telling us. BFL (Butterfly Labs) has been pretty open wit their customers. there have been some delays but there is an open line of communication. We should know shortly like Dec 11th when the first units will ship.
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raoulbeaupre
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December 10, 2012, 04:37:10 AM |
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Hi. I am the owner of IntraTech Montreal. IntraTech Montreal supplies the technology for the telecommunications sector around the world. We produce a large quantity of product to our customer as Telus Mobility or Roger's Telecommunication. 3 month ago, One of my employees came to me about BitCoin and the necessary technology. Since that day, we decided to throw ourselves into the ASIC extractor industry too. Since we are already in those kind of industry, we have all the parts and equipment needed for this type of product manufactured. For those interested, you can come take a look at our website. For people residing in the Montreal area, you can contact me for a private tour of our factory. http://www.intratechmontreal.com/Skype: intratechmontreal E-mail: raoul.beaupre87@gmail.comThank you and good day. |
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laughingbear
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December 10, 2012, 04:43:34 AM |
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Hi. I am the owner of IntraTech Montreal. IntraTech Montreal supplies the technology for the telecommunications sector around the world. We produce a large quantity of product to our customer as Telus Mobility or Roger's Telecommunication. 3 month ago, One of my employees came to me about BitCoin and the necessary technology. Since that day, we decided to throw ourselves into the ASIC extractor industry too. Since we are already in those kind of industry, we have all the parts and equipment needed for this type of product manufactured. For those interested, you can come take a look at our website. For people residing in the Montreal area, you can contact me for a private tour of our factory. http://www.intratechmontreal.com/Skype: intratechmontreal E-mail: raoul.beaupre87@gmail.comThank you and good day. Dont you believe it... Registered through: Automattic Domain Name: INTRATECHMONTREAL.COM Created on: 08-Dec-12 Expires on: 08-Dec-13 Last Updated on: 08-Dec-12 Registrant: Domains By Proxy, LLC DomainsByProxy.com 14747 N Northsight Blvd Suite 111, PMB 309 Scottsdale, Arizona 85260 United States Administrative Contact: Private, Registration INTRATECHMONTREAL.COM@domainsbyproxy.com Domains By Proxy, LLC DomainsByProxy.com 14747 N Northsight Blvd Suite 111, PMB 309 Scottsdale, Arizona 85260 United States (480) 624-2599 Fax -- (480) 624-2598 Technical Contact: Private, Registration INTRATECHMONTREAL.COM@domainsbyproxy.com Domains By Proxy, LLC DomainsByProxy.com 14747 N Northsight Blvd Suite 111, PMB 309 Scottsdale, Arizona 85260 United States (480) 624-2599 Fax -- (480) 624-2598 Domain servers in listed order: NS1.FATCOW.COM NS2.FATCOW.COM The previous information has been obtained either directly from the registrant or a registrar of the domain name other than Network Solutions. Network Solutions, therefore, does not guarantee its accuracy or completeness. |
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kwoody
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Technology and Women. Amazing.
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December 10, 2012, 04:55:50 AM |
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I'm not sure I'd find any of them thrustworthy.
I can't get it up over hardware, sorry
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fcmatt
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December 10, 2012, 05:04:16 AM |
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Honestly i did not trust any of them enough to send thousands of dollars to them for pre orders.
I will wait until i see it in the wild and then maybe order.
Put it this way. Almost all of us were not the first to gpu mine. Others got the easy money yet i did awesome on my gpu investment even tho i came after them. Same will go for asics. I am not risk tolerant enough to go for the big reward. I would rather play it safe and do good. The reason ppl here get scammed so often is due to greed and being too trusting of dumb knobs on the internet. Simple as that.
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tbcoin
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December 10, 2012, 05:10:25 AM |
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creativex
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December 10, 2012, 05:15:51 AM |
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I can respect that, though I believe the jump to ASIC is a little different than the jump from CPU to GPU mining.
Because ASICs have such a high efficiency the potential reward for early adopters is off the charts. While there are certainly risks, as long as you aren't gambling the grocery money it may make sense for some. However as all of the three company's first batches are filled, it probably makes more sense to wait and observe the results at this point.
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tbcoin
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December 10, 2012, 05:17:19 AM
Last edit: December 10, 2012, 06:59:36 AM by tbcoin |
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crazyates
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December 10, 2012, 05:44:01 AM |
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That whole website looks like it was made by a highschooler. |
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fcmatt
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December 10, 2012, 06:24:15 AM |
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I can respect that, though I believe the jump to ASIC is a little different than the jump from CPU to GPU mining.
Because ASICs have such a high efficiency the potential reward for early adopters is off the charts. While there are certainly risks, as long as you aren't gambling the grocery money it may make sense for some. However as all of the three company's first batches are filled, it probably makes more sense to wait and observe the results at this point.
If i recall correctly a $150 gpu was easily 10 times faster then a fast cpu. The gpu did 300 mh/s. The cpu 30 mh/s. A 60 gh/s bfl thing costs 1350 delivered. Soooo... you could have bought 9 gpus for 1350. That is 2.7gh/s. Times 10 improvement is 27 gh/s. So we are at 20 times improvement for the asic. And that was comparing a higher end cpu. Not that big of a diff in my mind. The early adoption phase will last say 6 months or so and then anyone getting in will be like oct of last year btc generating wise. |
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raoulbeaupre
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December 10, 2012, 04:20:59 PM |
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Hi. I am the owner of IntraTech Montreal. IntraTech Montreal supplies the technology for the telecommunications sector around the world. We produce a large quantity of product to our customer as Telus Mobility or Roger's Telecommunication. 3 month ago, One of my employees came to me about BitCoin and the necessary technology. Since that day, we decided to throw ourselves into the ASIC extractor industry too. Since we are already in those kind of industry, we have all the parts and equipment needed for this type of product manufactured. For those interested, you can come take a look at our website. For people residing in the Montreal area, you can contact me for a private tour of our factory. http://www.intratechmontreal.com/Skype: intratechmontreal E-mail: raoul.beaupre87@gmail.comThank you and good day. Dont you believe it... Registered through: Automattic Domain Name: INTRATECHMONTREAL.COM Created on: 08-Dec-12 Expires on: 08-Dec-13 Last Updated on: 08-Dec-12 Registrant: Domains By Proxy, LLC DomainsByProxy.com 14747 N Northsight Blvd Suite 111, PMB 309 Scottsdale, Arizona 85260 United States Administrative Contact: Private, Registration INTRATECHMONTREAL.COM@domainsbyproxy.com Domains By Proxy, LLC DomainsByProxy.com 14747 N Northsight Blvd Suite 111, PMB 309 Scottsdale, Arizona 85260 United States (480) 624-2599 Fax -- (480) 624-2598 Technical Contact: Private, Registration INTRATECHMONTREAL.COM@domainsbyproxy.com Domains By Proxy, LLC DomainsByProxy.com 14747 N Northsight Blvd Suite 111, PMB 309 Scottsdale, Arizona 85260 United States (480) 624-2599 Fax -- (480) 624-2598 Domain servers in listed order: NS1.FATCOW.COM NS2.FATCOW.COM The previous information has been obtained either directly from the registrant or a registrar of the domain name other than Network Solutions. Network Solutions, therefore, does not guarantee its accuracy or completeness. Yes. We don't have the right to have a website for our product ? We don't have other website for our other product since we dealing with just two big customer in telecommunication. Thank you. |
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laughingbear
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December 10, 2012, 04:25:34 PM |
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yes, all reputable companies use a "Domains By Proxy" service I apologize. I hope you are doing this as a joke, because if you are seriously thinking that this will work as a scam you are an idiot.
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creativex
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December 10, 2012, 05:40:03 PM |
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I can respect that, though I believe the jump to ASIC is a little different than the jump from CPU to GPU mining.
Because ASICs have such a high efficiency the potential reward for early adopters is off the charts. While there are certainly risks, as long as you aren't gambling the grocery money it may make sense for some. However as all of the three company's first batches are filled, it probably makes more sense to wait and observe the results at this point.
If i recall correctly a $150 gpu was easily 10 times faster then a fast cpu. The gpu did 300 mh/s. The cpu 30 mh/s. A 60 gh/s bfl thing costs 1350 delivered. Soooo... you could have bought 9 gpus for 1350. That is 2.7gh/s. Times 10 improvement is 27 gh/s. So we are at 20 times improvement for the asic. And that was comparing a higher end cpu. Not that big of a diff in my mind. The early adoption phase will last say 6 months or so and then anyone getting in will be like oct of last year btc generating wise. This ignores the most important aspect of the move to ASICs. Efficiency. They use very little power for the hashes they produce. While you could crank up a whole bunch of GPUs to get more hashes you'd give back much of those gains when the electric bill arrived. That won't be the case for early ASIC adopters. The only thing that's set to reduce the profitability of ASICs is competition from other ASICs which will eventually make power consumption an issue again. |
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DeathAndTaxes
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Gerald Davis
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December 10, 2012, 05:51:56 PM |
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I can respect that, though I believe the jump to ASIC is a little different than the jump from CPU to GPU mining.
Because ASICs have such a high efficiency the potential reward for early adopters is off the charts. While there are certainly risks, as long as you aren't gambling the grocery money it may make sense for some. However as all of the three company's first batches are filled, it probably makes more sense to wait and observe the results at this point.
If i recall correctly a $150 gpu was easily 10 times faster then a fast cpu. The gpu did 300 mh/s. The cpu 30 mh/s. A 60 gh/s bfl thing costs 1350 delivered. Soooo... you could have bought 9 gpus for 1350. That is 2.7gh/s. Times 10 improvement is 27 gh/s. So we are at 20 times improvement for the asic. And that was comparing a higher end cpu. Not that big of a diff in my mind. The early adoption phase will last say 6 months or so and then anyone getting in will be like oct of last year btc generating wise. This ignores the most important aspect of the move to ASICs. Efficiency. They use very little power for the hashes they produce. While you could crank up a whole bunch of GPUs to get more hashes you'd give back much of those gains when the electric bill arrived. That won't be the case for early ASIC adopters. The only thing that's set to reduce the profitability of ASICs is competition from other ASICs which will eventually make power consumption an issue again. You do know the exact same thing was true of GPUs. Improved efficiency only matters during the transition. An ASIC may get 200x the MH per J but when difficulty goes up 200x the electrical cost per BTC will be roughly the same. The transition period isn't going to be that long. When these units ships they are going to ship in mass (dozens, hundreds of TH/s per week). Why? Once that dam breaks the retail value of new sales is going to plummet. By shipping faster an ASIC producer can lock is millions more in profits. That combined with difficulty adjusting every 2016 blocks and the type of magnitude increase expected there will be no window of "off the charts rewards". |
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01BTC10
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December 10, 2012, 05:55:53 PM |
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Hi. I am the owner of IntraTech Montreal. IntraTech Montreal supplies the technology for the telecommunications sector around the world. We produce a large quantity of product to our customer as Telus Mobility or Roger's Telecommunication. 3 month ago, One of my employees came to me about BitCoin and the necessary technology. Since that day, we decided to throw ourselves into the ASIC extractor industry too. Since we are already in those kind of industry, we have all the parts and equipment needed for this type of product manufactured. For those interested, you can come take a look at our website. For people residing in the Montreal area, you can contact me for a private tour of our factory. http://www.intratechmontreal.com/Skype: intratechmontreal E-mail: raoul.beaupre87@gmail.comThank you and good day. Dont you believe it... Registered through: Automattic Domain Name: INTRATECHMONTREAL.COM Created on: 08-Dec-12 Expires on: 08-Dec-13 Last Updated on: 08-Dec-12 Registrant: Domains By Proxy, LLC DomainsByProxy.com 14747 N Northsight Blvd Suite 111, PMB 309 Scottsdale, Arizona 85260 United States Administrative Contact: Private, Registration INTRATECHMONTREAL.COM@domainsbyproxy.com Domains By Proxy, LLC DomainsByProxy.com 14747 N Northsight Blvd Suite 111, PMB 309 Scottsdale, Arizona 85260 United States (480) 624-2599 Fax -- (480) 624-2598 Technical Contact: Private, Registration INTRATECHMONTREAL.COM@domainsbyproxy.com Domains By Proxy, LLC DomainsByProxy.com 14747 N Northsight Blvd Suite 111, PMB 309 Scottsdale, Arizona 85260 United States (480) 624-2599 Fax -- (480) 624-2598 Domain servers in listed order: NS1.FATCOW.COM NS2.FATCOW.COM The previous information has been obtained either directly from the registrant or a registrar of the domain name other than Network Solutions. Network Solutions, therefore, does not guarantee its accuracy or completeness. Yes. We don't have the right to have a website for our product ? We don't have other website for our other product since we dealing with just two big customer in telecommunication. Thank you. You're a moron scammer and your company doesn't even exist. Your website look like some 8 years old having fun. Your payment method is a big fail even the biggest fish won't bite.  |
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creativex
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December 10, 2012, 06:36:26 PM |
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You do know the exact same thing was true of GPUs. Improved efficiency only matters during the transition. An ASIC may get 200x the MH per J but when difficulty goes up 200x the electrical cost per BTC will be roughly the same.
The transition period isn't going to be that long. When these units ships they are going to ship in mass (dozens, hundreds of TH/s per week). Why? Once that dam breaks the retail value of new sales is going to plummet. By shipping faster an ASIC producer can lock is millions more in profits. That combined with difficulty adjusting every 2016 blocks and the type of magnitude increase expected there will be no window of "off the charts rewards". I do know this. When difficulty goes up 200x ASICs will look far less attractive. The transition period doesn't need to be very long for early adopters to be profitable. Where I think we disagree is in how quickly ASICs can be delivered. Unlike GPUs we're not talking about ATI and nVidia mass production. At this point it appears as though Avalon's small 300 unit batch could well be first to reach end users. How long after that happens before bASIC and BFL ship in quantity will determine how much those Avalon recipients make off their investments, but it could well be huge...and yes if BFL is unable to ship in January then I'd categorize those early Avalon customers' profits as "off the charts". |
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