Liquid Synergy Designs Inc. -ASIC mining hardware

[ewitte]

Many these go fast lol.  Hopefully I can get 1-2 more sets in batch 5.

[1714142451]

1714142451

[1714142451]

1714142451

[1714142451]

1714142451

[ScaryHash]

Ordered 36 more chips. Hopefully these made it into batch 4. 

Email and BTC sent.

Thanks.

[newtothescene]

Ordered 17 chips - email send

[bitcoiner49er]

Assembly may be available for purchase in USD. Everything will be available for purchase in BTC.

Do you have enough components in the queue to compliment all/most of the chip orders?

[bitcoinenthusiast]

when do you expect receiving the chips from avalon for batch #4?

[ik2013]

when do you expect receiving the chips from avalon for batch #4?

9-10 weeks after the order date. Assembly within 72 hours after that...

[bitcoiner49er]

Date: 5/31/2013 13:06
Chips: 20
Pay amount: 1.72 BTC
Sending address: 17sYSprh8QbWXat1vnYoyR7kuindCcpj23
Transaction ID: 0b40a4aa55fa62f3ef3c302923640bfa37e1882baad4ef0106874fd9f652d472

[synapseattack]

New order

Chip amount: 32@0.0939ea
Payment amount: 3.0048BTC
Sending Address: 1LBi9qh2wm4B3C72L6R31cUeet6VyxreGU
TX ID: 0bf8689938cab0a302749877cea7eb403e9fc1ee0b88544575e525ac887e9e05

[solstoce]

New Order:

Chip amount : 16
Payment : 1.376
sending address: 1xvKB3Yoojf2Ec8TrQTNgQFVTECymHdxs
TX ID : 92ce989f18c2d64aaa4334b157aa8aabeb1bf8e25541ce8ad04bd75a1b5a7a98

[Cray-1]

Ordered 12 more chips in Batch 4 (now have 32 ordered in Batch 4).

Thanks

[steamboat]

Batch 4 is complete. Batch 5 is now open. Apologies for the hasty update, it will be worth it.

[cardcomm]

when do you expect receiving the chips from avalon for batch #4?

Assembly within 72 hours after that...

Wow, that sounds optimistic  

[Galli]

Thank you for the quick and detailed reply.  May I ask why insurance isn't being considered?  The impact of even a small break-in, or more likely a fire, would be severely devastating to the project's reputation and may cripple confidence that results in mass exodus of those who have their chips hosted.  Additionally, it would almost eliminate the chance of an angry hostee of suing for damages if there was a theft that resulted in the loss of their property hardware.

I think I speak for everyone here when I say I appreciate the dedication and clarity, it is refreshing!

Short version as the lengthy one was accidentally left out of the above post and deleted:

Insurance is being considered, but it not currently scheduled to be implemented. What value would you be willing to declare for the unit?

Security and fire concerns are being addressed. There will be constant security, with additional security measures in place to ensure the cluster is protected at all times. The careful design of the unit, the support system, and electrical system work in tandem to reduce the risk of fire.

I have 10 years previous work experience in the construction industry, from laborer to manager, and understand the code and compliance requirements to ensure the safe operation of hundreds of amps of machinery.

I think a value to recover the assets at a comparable market rate should be sufficient.  As time goes on, hashing ability should continue to climb and replacing an avalon equivalent chip would be cheaper than its initial price so perhaps that should be a consideration for a lump sum insurance policy amount.

This is a very random thought so bare with me.  What if the pool of hosted miners opted to allocate a portion of their profits to grow the pool's hashing power?  For example, if 5% of the net profits went into wallet B that would be used to add avalon, or perhaps newer/faster/more efficient chips, to the pool.  The profits from that pool could be redistributed based on the initial investment of chips per user in pool A.  It would be a great way to scale up the collective hashing power of the pool and keep the amount of coins mined from falling over time as mining difficultly continues to climb at an increasing rate.

Effectively, the pool would be compounding its returns if they are reinvested.  Maybe this is best discussed later on after the pool has been stablized

[steamboat]

Steamboat, when you have a moment can I suggest you update the front page post with the order numbers and status (from the Avalon order web site) of each order?

Done

Assembly may be available for purchase in USD. Everything will be available for purchase in BTC.

Do you have enough components in the queue to compliment all/most of the chip orders?

There are a few parts requiring creative sourcing, and those are being actively worked on. Once the final suppliers have been locked in, and the BOM and design are completed with reasonable confidence they will not be changed, they will be ordered and those wishing to use this service may do so at that time.

when do you expect receiving the chips from avalon for batch #4?

Assembly within 72 hours after that...

Wow, that sounds optimistic  

Quite doable, and one of the main priorities when sourcing an assembly house. To my knowledge it's the fastest expected turnaround estimate offered.

I think a value to recover the assets at a comparable market rate should be sufficient.  As time goes on, hashing ability should continue to climb and replacing an avalon equivalent chip would be cheaper than its initial price so perhaps that should be a consideration for a lump sum insurance policy amount.

This is a very random thought so bare with me.  What if the pool of hosted miners opted to allocate a portion of their profits to grow the pool's hashing power?  For example, if 5% of the net profits went into wallet B that would be used to add avalon, or perhaps newer/faster/more efficient chips, to the pool.  The profits from that pool could be redistributed based on the initial investment of chips per user in pool A.  It would be a great way to scale up the collective hashing power of the pool and keep the amount of coins mined from falling over time as mining difficultly continues to climb at an increasing rate.

Effectively, the pool would be compounding its returns if they are reinvested.  Maybe this is best discussed later on after the pool has been stablized

The insurance question is being addressed.

The hosting option has not been finalized, and detracts from time spent producing the actual unit. Once the logistics of producing the unit have been finalized, hosting will receive more scrutiny. What you are suggesting sounds like customers are purchasing a share in a company that mines, and a portion of the dividends are reinvested. That is not what this is. Each customer is effectively renting room and board for their units, and is free to do as they please with any revenue generated from said units.

Thank you for offering advise, it is most welcome. This is not quite the time however, for that particular set of questions.


All purchases received, recorded, replied. The chips available mechanic is not precise, especially when there are a smaller number of chips available. Batch number 5 is in progress, and historically should be purchased this coming week. Thread formatting and additional information is in progress, and should be updated before tomorrow night.

[gym]

I am ridiculously excited about this. steamboat, you are the man.

[steamboat]

I will be out of the office for the remainder of the night. There should be enough chips available to last until I return tomorrow.

Have a wonderful night,

Steamboat

[ScaryHash]

I am ridiculously excited about this. steamboat, you are the man.

Me too. If my wife finds out how much I spent on chips, she would kill me...

Haha!

[lexis200]

Me too. If my wife finds out how much I spent on chips, she would kill me...

Haha!

My wife is pushing me to buy more! Gotta love her

[namoom]

I am ridiculously excited about this. steamboat, you are the man.

Me too. If my wife finds out how much I spent on chips, she would kill me...

Haha!

+1 lol

[rocks]

I am ridiculously excited about this. steamboat, you are the man.

Me too. If my wife finds out how much I spent on chips, she would kill me...

Haha!

Just wait until she see all that hardware show up and a semi-professional datacenter emerge in your garage