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Author Topic: [PicoStocks] 100TH/s bitcoin mine [100th]  (Read 467559 times)
tytus
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March 19, 2013, 10:32:54 AM
 #121

I totally agree and we understand this. Timing is crucial and we have only a couple of months to make serious profits. Bitfury did not sleep for last 2 days :-)
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March 22, 2013, 01:59:27 PM
 #122

@papamoi ... we plan to offer hardware for solo mining but most likely for the Polish market. The hardware will be expensive but in Poland You can get public funding for this and save 50%-80% of costs [You can push it to 100% if You are lucky :-)] the hardware may be available in Q3 2013.

I really hope you release retail products and not only to Poland but at least for whole EU. Little bit of competition with Avalon would be good and we will need some manufacturer in Europe too.

That said... I might still invest for some shares.

Send all your money here: 1CRTegc4fdeJYwTPGYTuGq3nFBbgvHc23c
tytus
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March 25, 2013, 05:02:53 PM
 #123

We will try to offer hardware but this is not priority now. It is a lot of additional work.
...
Tapeout is on Wednesday. We had additional delay because we had to investigate the option to use other process corners (the foundry provides also the option to produce fast transistors (FF model)). We found little advantage of using the FF corner at or above 0.6V, but after some additional simulations we found that the chips would work very nice in the FF corner at 0.50V - 0.55V. To be able to operate at this voltage not only the hashing cores but also the IO transistors must be "tuned". We made sure the chips will work at that voltage.
Provisional estimations are below:
vdd   m   gh/s   watt   gh/J
0.60   tt   3.34   0.96   3.49
0.60   ff   8.02   3.67   2.18
0.55   ff   6.84   2.23   3.07
0.50   ff   5.51   1.38   3.99
[m: model, tt: standard, ff: fast transistors]
=> at 0.5V we get faster chips that have higher gh/joule than tt chips at 0.6V
Of course these are just simulations.
...
We understand the the most important is timing of deployment. We loos a lot of money with every day of delay. We still think start on July 1st is feasible. We selected a packaging facility that is in the same city as the foundry so we hope to have the packaged chips in house end of May. The rest is fast :-)
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March 25, 2013, 05:38:51 PM
 #124

We will try to offer hardware but this is not priority now. It is a lot of additional work.
...
Tapeout is on Wednesday. We had additional delay because we had to instigate the option to use other process corners (the foundry provides also the option to produce fast transistors (FF model)). We found little advantage of using the FF corner at or above 0.6V, but after some additional simulations we found that the chips would work very nice in the FF corner at 0.50V - 0.55V. To be able to operate at this voltage not only the hashing cores but also the IO transistors must be "tuned". We made sure the chips will work at that voltage.
Provisional estimations are below:
vdd   m   gh/s   watt   gh/J
0.60   tt   3.34   0.96   3.49
0.60   ff   8.02   3.67   2.18
0.55   ff   6.84   2.23   3.07
0.50   ff   5.51   1.38   3.99
[m: model, tt: standard, ff: fast transistors]
=> at 0.5V we get faster chips that have higher gh/joule than tt chips at 0.6V
Of course these are just simulations.
...
We understand the the most important is timing of deployment. We loos a lot of money with every day of delay. We still think start on July 1st is feasible. We selected a packaging facility that is in the same city as the foundry so we hope to have the packaged chips in house end of May. The rest is fast :-)

whoa..does that mean we're getting a 65% speed boost?!
tytus
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March 25, 2013, 06:16:25 PM
 #125

I don't want to promise any speed boost because after we get the chips they may not even run at the expected speed of 3.3GH/s :-) [see BFL problems]. Also we will still order mainly tt wafers (!) and only 2 ff wafers just to see if they work as expected (ordering ff wafers now for the mine would be too risky). If they work better we can use the ff wafers in a later production run => the buyers of hardware few months later could benefit from the option to lower voltage and adjust performance based on selected gh/joule. To be able to do this we need to design the chip to handle low VDD. We can not modify the chip later. But the benefits will come after the 100th-mine deployment if we ever decide to produce more chips [this depends on other chips on the market].
kaerf
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March 25, 2013, 07:13:04 PM
 #126

thanks for the update. how many total wafers did you order?
tytus
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March 25, 2013, 07:27:04 PM
 #127

18 wafers (more than 200TH/s). 1/2 goes for the mine. 1/4 is already sold as chips to undisclosed manufacturers. They will use them to produce hardware for customers [but who knows when this will be ready]. Rest goes for own development.
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March 26, 2013, 11:48:31 AM
 #128

Świetne wieści. Pora napisać nowy raport na Picostocks.
Cyfry robią spore wrażenie. Gdy układy będą gotowe i sprawdzone z chęcią bym kupił trochę. Oczywiście jeśli udostępnicie dokumentację Wink

Under development Modular UPGRADEABLE Miner (MUM). Looking for investors.
Changing one PCB with screwdriver and you have brand new miner in hand... Plug&Play, scalable from one module to thousands.
tytus
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March 26, 2013, 01:19:19 PM
 #129

Świetne wieści. Pora napisać nowy raport na Picostocks.
I will post a report, after the design is submitted. I also wait for this impatiently :-)
Cyfry robią spore wrażenie. Gdy układy będą gotowe i sprawdzone z chęcią bym kupił trochę. Oczywiście jeśli udostępnicie dokumentację Wink
Selling chips will be easier than selling hardware (less paperwork and less clients), but before we sell anything (more) we want to have precise characteristics available. This will be available end of May the soonest :-( My expectation is that in 2014 only 28nm chips (or better) will remain on the market, so timing will be also crucial (as always).
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March 28, 2013, 08:56:57 AM
 #130

18 wafers (more than 200TH/s). 1/2 goes for the mine. 1/4 is already sold as chips to undisclosed manufacturers. They will use them to produce hardware for customers [but who knows when this will be ready]. Rest goes for own development.

It would probably be wise to publish a list of who purchased chips because of the number of scams popping up online. They will all just be marked as scams instantly and ignored as soon as they announce their product.

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March 28, 2013, 11:30:05 AM
 #131

18 wafers (more than 200TH/s). 1/2 goes for the mine. 1/4 is already sold as chips to undisclosed manufacturers. They will use them to produce hardware for customers [but who knows when this will be ready]. Rest goes for own development.

It would probably be wise to publish a list of who purchased chips because of the number of scams popping up online. They will all just be marked as scams instantly and ignored as soon as they announce their product.

Much like this scam has been identified as such back in Feb.

Doth not surprise me he's trying to support his fellows by lending vague support to scammy claims.

My Credentials  | THE BTC Stock Exchange | I have my very own anthology! | Use bitcointa.lk, it's like this one but better.
VeeMiner
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March 28, 2013, 11:40:48 AM
 #132

someone should make a list of potential scam ASIC companies, there are so many nowadays and everyone is talking about hundreds of Thash/s
tytus
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March 28, 2013, 12:07:17 PM
 #133

Tape out submitted.
The mask production start tomorrow with the lowest layer. Then ca. 1.5days per layer is needed and we need 31 layers => the wafers will be ready in 2 months. We actually still work on design of minor elements while lower masks are produced. We have left arrays of NADN2 cells that we can later connect to build logic with it [something like fpga hardcopy :-)]. We have approximately 2 weeks to get to the stage where the connections have to be final. After the 2 weeks we will start planning the board, work on followup logistics and talk with suppliers and manufacturers for the final devices.
We can not tell who we sell the chips to, unless the customer wants to disclose this. Any serious ASIC miner manufacturer will disclose the source of the chips. Saying that the company XXX does not have our chips does not mean they have no chips and does not stop any scams :-)
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March 28, 2013, 08:02:58 PM
 #134

18 wafers (more than 200TH/s). 1/2 goes for the mine. 1/4 is already sold as chips to undisclosed manufacturers. They will use them to produce hardware for customers [but who knows when this will be ready]. Rest goes for own development.

What are the long term plans for the 100TH security? Will the capacity be expanded? If so, what kind of share dilution will there be? Was funding for these 3 projects separate or all under the umbrella of the "100th"? With Asicminer, they have a separate company, bitfountain, that owns the majority of shares, but I believe future development and hashing power is added to the total capacity of ASICMINER. Is this project similar or are the other business activities separate ventures?

thanks
tytus
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March 28, 2013, 11:06:58 PM
 #135

What are the long term plans for the 100TH security?
1. We will discuss with FinCEN the legal aspects of bitcoin mining in US :-)
2. Dave is preparing tha data center for "cyber" attacks
3. There is no theft protection ... we will think about this
Will the capacity be expanded?
This is not planed. This would complicate the deal. There is still sufficient variability of profitability due to the unpredictable network hash rate and btc price. It is possible that the mine generates revenues that are higher that the presented optimistic scenario.
If so, what kind of share dilution will there be? Was funding for these 3 projects separate or all under the umbrella of the "100th"? With Asicminer, they have a separate company, bitfountain, that owns the majority of shares, but I believe future development and hashing power is added to the total capacity of ASICMINER. Is this project similar or are the other business activities separate ventures?
Funding is independent. Even if there would be no funds raised the project would continue as planned. The IPO* was intended mainly to test the shares as a distribution channel. However after publishing the FinCEN guidelines we believe the shares could be less risky for US miners than possession of mining equipment :-)
Dexter770221
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April 04, 2013, 09:43:36 PM
 #136

Zmienił się raport na Picostocks, może warto również tutaj zamieścić info?

On Picostocks site report have been changed, maybe it's worth to publish it here?

Under development Modular UPGRADEABLE Miner (MUM). Looking for investors.
Changing one PCB with screwdriver and you have brand new miner in hand... Plug&Play, scalable from one module to thousands.
joris
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April 04, 2013, 10:17:26 PM
 #137

Zmienił się raport na Picostocks, może warto również tutaj zamieścić info?

On Picostocks site report have been changed, maybe it's worth to publish it here?

like this copy-paste?

Chip production update
The wafers will be completed on 2013-05-19 (May 19th). We are negotiating the timing of packaging now. 
Created on 2013-04-04 11:50:00 by Leszek Rychlewski;
Published on 2013-04-04 11:52:06 by koji;

;-)
RHA
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April 04, 2013, 10:35:34 PM
 #138

The wafers will be completed on 2013-05-19 (May 19th).
Quote from: Business Plan
Wafers will be completed on 2013-04-20. (...),
but we expect unforeseen delays of approximately 1 month.
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April 05, 2013, 11:35:41 AM
 #139

The wafers will be completed on 2013-05-19 (May 19th).
Quote from: Business Plan
Wafers will be completed on 2013-04-20. (...),
but we expect unforeseen delays of approximately 1 month.

Lol

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April 13, 2013, 03:20:50 AM
 #140

Wow, someone bought ~1600 shares, with the last and highest trade at 0.0707 BTC. Already 77% higher than the IPO price (0.04 BTC)!

http://picostocks.com/stocks/transactions/19
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