Secret ASIC Project

[Viceroy]

As I start to ask more and more questions it becomes evident that MANY of us are working on secret ASIC projects of our own.  How many people here are working on a secret project and what is it all about?

I am working on a secret project.  I want build a Terra-Hashing Bitcoin Miner.  So I *hope* to add at least 1000 giga-hashes in about 12 months.  I put my odds at one in five (1:5).  

What's your secret plan?

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[Viceroy]

Secret Plans:



Mining

Build Bitcoin Mining Farm Using GPU's people don't want ()
Build Bitcoin Mining Farm Using Other Peoples ASIC Technology ()
Build Bitcoin Mining Machine By Inventing Technology (1)
Build Alternate Crypto Currency Mining Machine Technology (scrypt) (1)


Financial

Built Bitcoin Trading Robot (1)


Uncategorized

Work with a savant (1)


Nefarious

If I told you I would have to kill you (1)
Steal your secret plan (1)
Build an exchange and run away with peoples money ()
Create a 51% attack and take over all the bitcoin ()

[Nova!]

It's more profitable to mine the exchanges.  Just saying.

Am I to take that as "I'm building a trading bot"?

I did quite awhile ago and gave it away to the community as an open source project.  They're trivial to build.  Look for Isis ATP on the forums here.  Use Aido's version though it works better and I have to abandon anything with the Isis name attached to it.  Most people are making good small incremental daily profits whether the market goes up or down, depends on the algo they select.  I make about $5/day on mine, but my algo is trying to stabilize the market by using the VWAP as it's primary signal.  Essential buy when price is lower than VWAP, sell when price is higher than VWAP.  But you're free to implement your own logic.  Should be trivial if you have the chops to build an ASIC.
 
Also I like bots because they aren't an arms race.  You build a better ASIC, someone else will build an even better one raising the difficulty level and causing your ROI to drop off.

[Nova!]

I did quite awhile ago and gave it away to the community as an open source project.

Here it is:

Isis ATP [Automated Trading Platform] for Bitcoin   :: ( Abandoned )

Author of Isis (Nova!) Recommends using:  AidoADT

Yeah I never meant to abandon it.  Got wrapped up in something at work for a few months then received a C&D letter ordering me to stop using the Isis name in regards to anything under the sun, moon or stars in heaven.  Since Isis ATP was going to be part of OpenPay, it probably extended to that.  Then Aido stepped up to the plate, forked it, fixed a bunch of things implemented a bunch of really cool stuff.  Basically exactly what an open source project is supposed to do.

[Signus]

It's not a secret anymore!

I'm interested in developing my own, as well as are many other people. I'm currently waiting for the datasheets before I start preliminary designs.

It would be nice if we can get a group together to pool resources and work on the design work, PCB manufacturing costs and the like. Get some case manufacturing and branding going on and that would be a blast. And it wouldn't financially burden any single person or even put all of the work on a single person.

Would work best for people located closely to one another.

Could even call it SecretASIC or NinjaASIC (STEAL IT AND I KEEELL YOU), or something along that nature. Baha.

[Viceroy]

Now recruiting volunteers to build the ASIC BFL may never sell

[Signus]

putting a group together sounds like a good idea. I'd be interested in becoming a member and contributing what I can.
Regards,
Brian

Well I am working on a B.S. in Electrical Engineering and Computer Science, so I can contribute to the development of the project as a whole. I am however short on funds but I'm working on that.

A crew of a few Engineers, Computer Scientists, and testers would be nice. Hard to collaborate building something online though.

[Bicknellski]

Project:

If I told you about it I'd have to kill you.

[Vagnavs]

Project:

If I told you about it I'd have to kill you.

okay you won't be of much help

[Yeap]

My secret plan is to steal you secret plan.

[ninjaboon]

My secret plan is to steal you secret plan.

lol.  - and someone I know is trying to steal your secret plan to steal the secret plan. and on and on.

[Viceroy]

Can somebody help me with the recursive function I'm gonna steal your plan to steal my plan to steal my plan for the second post at the top of the page?

[salihno71]

Plan:
- find a savant who solves blocks by looking at them.
- Persuade him that it's good for him to share the reward.
- build/outsource the client that enables this
- earn xxx btc
- buy a horse and ride into the sunset.

[Viceroy]

Plan:

Oh, that's good... you made it to my top post   (give me 1/2 hour to update it).

[ninjaboon]

Plan:
- find a savant who solves blocks by looking at them.
- Persuade him that it's good for him to share the reward.
- build/outsource the client that enables this
- earn xxx btc
- buy a horse and ride into the sunset.

Nice one. I love sunsets.

[Dabs]

My secret plan is

1. To create a new generation ASIC that fits in a desktop tower box (like an Avalon) or a server rack cabinet 1U or 2U or whatever. This unit will be a 100 GH/s to 200 GH/s unit.

2. Stack these on top of each other, to form a tower, refrigerator or freezer type case. This bunch of units will be maybe 1 square meter and do 1000 GH/s to 2000 GH/s per bunch of units.

3. Fill a row of these in a room. Each row is another 10 units. That takes me to 10,000 GH/s to 20,000 GH/s per row.

4. Fill a column of these rows. Each column is 10 rows. That takes me to 100,000 GH/s to 200,000 GH/s per column.

5. The previous is considered 1 room. Now, make a building that is 20 rooms per floor.

6. The building will have 10 floors.

7. Make another building.

8. Go on and on until I've got a whole city full of these.

[ripple]

Lol, Sim City the bitcoin edition. You could sell these units in advance for $2,499 each for July delivery. With the proceeds you could buy Google and use their buildings. Don't worry about the logistics as you never actually have to deliver the units!

[xan_The_Dragon]

My secret plan is

1. To create a new generation ASIC that fits in a desktop tower box (like an Avalon) or a server rack cabinet 1U or 2U or whatever. This unit will be a 100 GH/s to 200 GH/s unit.

2. Stack these on top of each other, to form a tower, refrigerator or freezer type case. This bunch of units will be maybe 1 square meter and do 1000 GH/s to 2000 GH/s per bunch of units.

3. Fill a row of these in a room. Each row is another 10 units. That takes me to 10,000 GH/s to 20,000 GH/s per row.

4. Fill a column of these rows. Each column is 10 rows. That takes me to 100,000 GH/s to 200,000 GH/s per column.

5. The previous is considered 1 room. Now, make a building that is 20 rooms per floor.

6. The building will have 10 floors.

7. Make another building.

8. Go on and on until I've got a whole city full of these.

slowpoke already there preparing 51% attack

[Viceroy]

Yea I don't get it... none of those machines will ever pay for themselves because each machine mines less each day.  You will have a farm of expensive paperweights.

[Dabs]

Uh... it's supposed to be a secret, but the machines are also supposed to be faster than anything out there, consume less power than anything else, therefore cost less to run and cool. If I located the farm in some frozen country, then the cooling would not be an issue, but the power would be.

Of course, I could just go with a floating bitcoin mining barge, solar and wind powered. However the internet connection would be costly. I think I'll stick to land.