Liquid Synergy Designs Inc. -ASIC mining hardware

[MZD]

So worst case scenario is that every 12 months a ghz will earn you .05 BTC?

Is it unreasonable to think a ghz could mine 5 BTC in 12 months?

[lexis200]

So worst case scenario is that every 12 months a ghz will earn you .05 BTC?

Is it unreasonable to think a ghz could mine 5 BTC in 12 months?

You could work it out yourself using this...

http://www.alloscomp.com/bitcoin/calculator

There's probably better calculators out there, but this is an easy one to use   Of course you still need a crystal ball to know what the difficulty is going to be!

[Kinetic915]

Well I really think its too late to participate in the "gold rush" once things level off and maybe next gen chips are introduced a good ROI can be calculated.

[Kinetic915]

So worst case scenario is that every 12 months a ghz will earn you .05 BTC?

Is it unreasonable to think a ghz could mine 5 BTC in 12 months?

You could work it out yourself using this...

http://www.alloscomp.com/bitcoin/calculator

There's probably better calculators out there, but this is an easy one to use   Of course you still need a crystal ball to know what the difficulty is going to be!

Then just use http://bitcoindifficulty.com/ w/ history of percentage difficulty increase and plug into calc.

[lexis200]

Then just use http://bitcoindifficulty.com/ w/ history of percentage difficulty increase and plug into calc.

That's what I already do, but who knows what the difficulty is really going to do once all these ASICs get on the network (plus all the backup hash that ASICminer et al. are keeping from us at the moment.

I also use https://bitclockers.com/calc which gives a better ROI estimate. Anyone got any other calcs they use?

[bigbeninlondon]

Well I really think its too late to participate in the "gold rush" once things level off and maybe next gen chips are introduced a good ROI can be calculated.

Also, I think as these come to market, many GPUs will be retired, removing some of the hashrate from the network.  Kind of a trade up sort of thing.  I know that once I get these ASICs, my GPU rig is being sold off in parts.

[KS]

Well I really think its too late to participate in the "gold rush" once things level off and maybe next gen chips are introduced a good ROI can be calculated.

Also, I think as these come to market, many GPUs will be retired, removing some of the hashrate from the network.  Kind of a trade up sort of thing.  I know that once I get these ASICs, my GPU rig is being sold off in parts.

I don't think that will matter much. There is probably between 1000T and 1500T coming. Removing even the whole actual 100T won't make much of a difference. If the ASIC deployment is progressive, sure it will have a bigger impact, but it looks like it will come in waves.

[bigbeninlondon]

Well I really think its too late to participate in the "gold rush" once things level off and maybe next gen chips are introduced a good ROI can be calculated.

Also, I think as these come to market, many GPUs will be retired, removing some of the hashrate from the network.  Kind of a trade up sort of thing.  I know that once I get these ASICs, my GPU rig is being sold off in parts.

I don't think that will matter much. There is probably between 1000T and 1500T coming. Removing even the whole actual 100T won't make much of a difference. If the ASIC deployment is progressive, sure it will have a bigger impact, but it looks like it will come in waves.

Agreed. 

[Kinetic915]

Then just use http://bitcoindifficulty.com/ w/ history of percentage difficulty increase and plug into calc.

That's what I already do, but who knows what the difficulty is really going to do once all these ASICs get on the network (plus all the backup hash that ASICminer et al. are keeping from us at the moment.

I also use https://bitclockers.com/calc which gives a better ROI estimate. Anyone got any other calcs they use?

considering the difficulty is going up almost exponentially I think it may be best to expect the worst :/

[Rakessh]

Thinking between 45m and 90m mid/late august and upto 200m by year end sound conservative enough? Or is it possible we will be seeing even 400-600m by year end?

[bitcoiner49er]

I've been assuming a 50% increase per month for up to one year. With beginning difficulty between 25 and 40mil.

[dmcdad]

I've been assuming a 50% increase per month for up to one year. With beginning difficulty between 25 and 40mil.

50% increase continuing for a full year? That seems unrealistic. Assuming a starting point of around 500 Th/s, that would put total has of network at 50+ Ph/s 12 months later. Even at an ASIC generation 2 price of say 0.10 BTC per Gh/s that is $500 million cost just for the miners. The only way that could happen would be for the exchange rate to have some extraordinary growth. Could happen I guess, in which case I won't care that my mining hardware investment didn't get a ROI.

[Syke]

As an aside: Each person should do their own research and calculations to decide if purchasing miners is right for them. That being said, the numbers I have run are based on a very aggressive difficulty ramp up, and show the units will be unprofitable after 9-10 months. That being said, in order to maintain the exponential increase in difficulty, $26 million dollars worth of hardware would need to be introduced in month 3, $54 million in month 5, $110 million in month 7, and so on. This assumes .5btc per gh/s, and there are companies slated to produce miners at a .2.

I think you may want to adjust that estimate. Recently announced projects are claiming way better than .5btc per gh/s.

Bitfury, 20btc for 120 gh/s = .167btc per gh/s
KNCMiner, 60btc for 350 gh/s = .17btc per gh/s

[cardcomm]

So worst case scenario is that every 12 months a ghz will earn you .05 BTC?

Is it unreasonable to think a ghz could mine 5 BTC in 12 months?

You could work it out yourself using this...

http://www.alloscomp.com/bitcoin/calculator

There's probably better calculators out there, but this is an easy one to use   Of course you still need a crystal ball to know what the difficulty is going to be!

Then just use http://bitcoindifficulty.com/ w/ history of percentage difficulty increase and plug into calc.

Very interesting links, thanks. Although I admit that I'm having trouble projecting difficulty increase by studying the chart on http://bitcoindifficulty.com/   :/

[eroxors]

As an aside: Each person should do their own research and calculations to decide if purchasing miners is right for them. That being said, the numbers I have run are based on a very aggressive difficulty ramp up, and show the units will be unprofitable after 9-10 months. That being said, in order to maintain the exponential increase in difficulty, $26 million dollars worth of hardware would need to be introduced in month 3, $54 million in month 5, $110 million in month 7, and so on. This assumes .5btc per gh/s, and there are companies slated to produce miners at a .2.

I think you may want to adjust that estimate. Recently announced projects are claiming way better than .5btc per gh/s.

Bitfury, 20btc for 120 gh/s = .167btc per gh/s
KNCMiner, 60btc for 350 gh/s = .17btc per gh/s

The likelihood that one or both miss targets, are delayed,  or turn out to be a scam/failed business is pretty high.

Steamboat,  could you speak to the logistics once chips arrive? I assume you separate the chips-only orders and ship them immediately, but what about when you receive the assembled boards? Do you then ship the board assembly-only orders? Then the kits? Then fully assembled? Or are you keeping with the FIFO queue between all boqrds that require assembly? Where do hosted units fit in?

[Kinetic915]

So worst case scenario is that every 12 months a ghz will earn you .05 BTC?

Is it unreasonable to think a ghz could mine 5 BTC in 12 months?

You could work it out yourself using this...

http://www.alloscomp.com/bitcoin/calculator

There's probably better calculators out there, but this is an easy one to use   Of course you still need a crystal ball to know what the difficulty is going to be!

Then just use http://bitcoindifficulty.com/ w/ history of percentage difficulty increase and plug into calc.

Very interesting links, thanks. Although I admit that I'm having trouble projecting difficulty increase by studying the chart on http://bitcoindifficulty.com/   :/

there are plenty of bitcoin resources,  allchains.info, coinwarz.com etc etc  google search for bitcoin difficulty history and you can get some numbers

[Unacceptable]

Then just use http://bitcoindifficulty.com/ w/ history of percentage difficulty increase and plug into calc.

That's what I already do, but who knows what the difficulty is really going to do once all these ASICs get on the network (plus all the backup hash that ASICminer et al. are keeping from us at the moment.

I also use https://bitclockers.com/calc which gives a better ROI estimate. Anyone got any other calcs they use?

I use this calc  http://www.alloscomp.com/bitcoin/calculator      & these "estimates" of difficulty @ corresponding network hashrates,have fun!!!

19707600=150TH

26276800=200TH

39415200=300TH

52553600=400TH

65692000=500TH

78830400=600TH

98538000=750TH

Just copy & paste into the diff box  

[Rakessh]

But estimating when these difficulties will hit is the key 

[steamboat]

Do any of these assembly options require the buyer to solder any SMT components?
It looks like the Assembly does but the other options do not, correct?

I tried reflow soldering SMT components in college once. Never again.

None of the options require soldering. At a minimum, each assembly option includes the PCB and components assembled together with the provided ASICS. ASIC chips may come from any group buy, private buy, or this thread.

Yes. Each K16 with the DIY kit option and up will come with the parts necessary to stack.

 This is awesome to hear ! Was just trying to figure out the physical logistics of where to organize 18 K16's.

 I would guess the fully assembled and tested units will also ship with parts necessary to stack as well ?

 Cheers !

That is correct. All parts necessary for assembling Kscrapers will be included.

Steamboat,  could you speak to the logistics once chips arrive? I assume you separate the chips-only orders and ship them immediately, but what about when you receive the assembled boards? Do you then ship the board assembly-only orders? Then the kits? Then fully assembled? Or are you keeping with the FIFO queue between all boqrds that require assembly? Where do hosted units fit in?

The chip only orders will be shipped first, as they do not require assembly. The assembled units will be processed in a FIFO queue, with each board receiving the kit or final assembly requested as it passes through the line. Tested and hosted units will be connected, any programming required completed, and tested prior to shipment or being brought online.

Hosting details are close to finalization, and will be released soon, though it appears the initial 8% estimate will become final, with $0.06kw/h energy cost.

Parts sourcing is in full effect. Manufacturers have been tentatively selected, samples are scheduled for arrival within the next week.

For those with a Batch 1 purchase only: An email will be sent tomorrow with further instructions

[Unacceptable]

OMG,They're heeerrreeee..................I so hope so