BTCFPGA announces hosted ASIC plans... what does this portend?

[puck2]

https://www.btcfpga.com/forum/index.php?topic=806.msg2436#msg2436

Will other ASIC manufacturers follow suit?

[crazyates]

That's quite...interesting. That's pretty vague, so we'll see.

Side note: There's a discussion going on HERE concerning 3rd parth hosting of ASIC hardware.

[crazyates]

BITCOIN MINING is dead if this goes ahead !!!!

Oh Good Lord, if I had a nickle for every time some noob exactly like yourself claimed that Bitcoin Mining was doomed, I'd stop mining and buy myself an Island somewhere. Srsly, you joined 2 weeks ago, less than 50 posts, and suddenly you know the future when it comes to a purposefully (and extremely) vague announcement?

You know Inaba has been hosting Singles for customers for months now? Yes, you can supply your own host PC and you can remote in at any time and point it to any mining pool of your choosing. Your post is making stuff up about details Tom has not clarified yet.

Edit: I see YipYip has deleted his comment. I should have quoted the whole thing. It was awesome. I swear I'm not crazy!

[Inaba]

Makes me wonder if he's finally realized his power usage is going not be... "competitive" and this is his way of trying to get around that.  It also makes me wonder if he's going to come back in two weeks and say "The first batch of orders will be only for hosted plans" so he doesn't have to actually deliver anything in the middle of January.  Maybe he bought GPUmax with his proceeds and is selling the hashing power

[Isokivi]

[creativex]

Makes me wonder if he's finally realized his power usage is going not be... "competitive" and this is his way of trying to get around that.  It also makes me wonder if he's going to come back in two weeks and say "The first batch of orders will be only for hosted plans" so he doesn't have to actually deliver anything in the middle of January.  Maybe he bought GPUmax with his proceeds and is selling the hashing power

Makes me wonder if you read the entire thread or just one post so that you could freely speculate and twist things however you like.

Posted by davebuzz of BTCFPGA on 1/1/2013

I'm working on a FAQ post about the managed hosting offering that will include full details and ROI calculation.  In the meantime, here's a few key points:

-a conversion option will be made available such that any prepaid shipping and DHL upgrades on current orders will be able to be applied to hosting fees
-although expected power consumption of bASICs is low, the hosted solution eliminates device efficiency as a key factor of long term profitability.  Basically - its not how much power your device consumes, its how much you pay for the power it consumes.  By utilizing hosting you will take advantage of extremely low power rates (100% green power), which will keep your units operating profitably far longer than if you set up your rig anywhere else.
-for existing pre-order customers - if you "convert" to a hosted plan, your rig will be set up in the order you would otherwise have been shipped.

More details on this offering soon!

https://www.btcfpga.com/forum/index.php?topic=806.15

I dunno if they'll ship on time this round, but let's put all the information on the table shall we?

[Inaba]

Ah thanks CreativeX, so it is because the device will be using significantly more power than the competition, so they did in fact have to come up with another solution.  Thanks for clearing that up. 

[itsgoldbaby]

Ah thanks CreativeX, so it is because the device will be using significantly more power than the competition, so they did in fact have to come up with another solution.  Thanks for clearing that up. 

Thanks for the informative posts BFL rep Inaba. Your posts make me oh so want to get an ASIC ( I was planning on doing the FPGA upgrade, hopefully Inaba's response to trolls with his pointless trolling of other companies doesn't make me hate them though. ).

[creativex]

Ah thanks CreativeX, so it is because the device will be using significantly more power than the competition, so they did in fact have to come up with another solution.  Thanks for clearing that up.

Do you have additional information you'd like to share? Evidence perhaps, or is this merely your opinion formulated in the absence of any evidence? I've seen Tom on record saying that a bASIC01 will use up to 120w to reach 72Gh. That's 1.67w/Gh, so which competitor is using significantly less/Gh? Avalon? Nope. AsicMiner? Nope. BFL? Who knows.

As you know your company has estimated 60w@60Gh or 1w/Gh, but as you are also no doubt aware BFL does not have chips, and has under estimated power consumption of their products by 400% in the past. Add to this the fact that a BFL single costs significantly more per Gh than a bASIC01 and I think it's pretty clear which is the better value.

[puck2]

That's quite...interesting. That's pretty vague, so we'll see.

Side note: There's a discussion going on HERE concerning 3rd parth hosting of ASIC hardware.

I looked at that speculation, and it was more in reference to avoiding VAT than perhaps gainaing efficiency/uptime/convenience of ASIC hosting. I'm curious what the ownership structure would be - would it be akin to hosted rackspace? Would I still own my ASIC and be able to take delivery at any given point in the future? I think bitcoinASIC is planning a FAQ which will answer some of these questions, but thi is the Mining Speculation thread.

[cedivad]

As of now I have more trust into BFL rather than BTCFPGA.
That should say a lot given my radical change of view about Tom.

[jamesg]

As of now I have more trust into BFL rather than BTCFPGA.
That should say a lot given my radical change of view about Tom.

Welcome to the dark side....

[Korbman]

As of now I have more trust into BFL rather than BTCFPGA.
That should say a lot given my radical change of view about Tom.

Why's that? [Serious question]
I ask since my view has been shifting to an opposite effect. I've been losing faith with BFL and looking more toward bASIC instead.

The next 7 days are crucial..so hopefully someone releases some good news. It will determine which company gets my fund's order.

[creativex]

Tom had distanced himself from public view to a large extent and had delegated a lot of responsibility to Dave. The post Tom made on New Years was his first in awhile, but Dave has been all over inquiries. I too would prefer to see Tom posting more often, but if he's out moving the ball down the field then I'm fine with things the way they are. I will be a whole lot less fine if there's another delay and this hosting offer is just to cushion the blow. NY isn't far from me and power is pretty cheap here, I'll babysit the hardware thanks.

[AmDD]

Tom had distanced himself from public view to a large extent and had delegated a lot of responsibility to Dave. The post Tom made on New Years was his first in awhile, but Dave has been all over inquiries. I too would prefer to see Tom posting more often, but if he's out moving the ball down the field then I'm fine with things the way they are. I will be a whole lot less fine if there's another delay and this hosting offer is just to cushion the blow. NY isn't far from me and power is pretty cheap here, I'll babysit the hardware thanks.

Agreed. Unless the offerings are very very good I plan on keeping my hardware myself. It is, however an interesting idea. I wish I had access to the space to setup a hosting service like Josh offers (or used to anyway).

[Isokivi]

As of now I have more trust into BFL rather than BTCFPGA.
That should say a lot given my radical change of view about Tom.

Welcome to the dark side....

I trust Tom asfar as my fully reversible creditcard payment goes, had bfl accepted such I'd have money in there too.

[creativex]

Except if you'd paid BFL in June then your fully reversible credit card payment would no longer be fully reversible.

[bonker]

https://www.btcfpga.com/forum/index.php?topic=806.msg2436#msg2436

Will other ASIC manufacturers follow suit?

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You dont have to do anything, no skill or thought required, any naive bonehead can do it. Just post some money and we'll make you rich!

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[axilla]

lol, i guess we'll all have to wait and see if they will have a goose that lays the proverbial golden egg!

[Third Way]

Just joking by the way, I know there are some gullible folk out there that might believe me.

I was about to send you cash...