Liquid Synergy Designs Inc. -ASIC mining hardware

[jimrome]

Anyone interested in some pics?

Should I?

[steamboat]

Chip arrival







What's been going on the past few days.

[Unacceptable]

VERY nice Steamboat!!!!!!!!!!! 

The 64 chipper board gonna be ready soon

[eroxors]

Wow.

[cardcomm]

Sweet! Thanks for the pics

[rocks]

This is fantastic news, nothing like getting the actual hardware in hand.

[Xian01]

Very exciting to see ! Thanks for the pics, Steamboat !

[newmars]

Nice pictures!

[User705]

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.

quite the opposite.  The exchange rate will sink and enormously as miners attempting to keep up will transfer savings btc to chip sellers which then naturally must convert that btc to fiat to manufacture more chips creating huge sell pressure on the rate.  It's not like your avg Chinese worker wants to take salary in btc or pay rent and power bill in china with btc

[chsados]

Would there be any type of discount (on the building fee) if someone wanted 100+ K16s built and tested?

[Rakessh]

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.

quite the opposite.  The exchange rate will sink and enormously as miners attempting to keep up will transfer savings btc to chip sellers which then naturally must convert that btc to fiat to manufacture more chips creating huge sell pressure on the rate.  It's not like your avg Chinese worker wants to take salary in btc or pay rent and power bill in china with btc

I too came to a similar conclusion, however, the chip purchases are mostly from Avalon, and they are still sitting on their bitcoin (albeit possibly handing them off, off of the exchanges)
So only the remainder of the production of working units need fiat currency to be done, which cuts the actual exchange based conversion of bitcoin to fiat by more than 50%.

I think my calculations showed that we're talking of a total fiat conversion of about 2 million dollars so far, and with a market cap of bitcoin around a billion dollar, this is a very small fraction of the current currency value. I came to the conclusion that it is not the ASIC investments that are driving down the price, but general lack of faith, ie shaking out of weak hands.

So it is interesting to see that we have a decline in bitcoin price based on the quoted assumptions when in reality, bitcoiners are not losing faith, how else would you explain 2-4 million dollars worth of investments going into securing the network? It wouldn't make sense.  What we are witnessing however, is the power to printing bitcoin 'money' changing hands, away from the old GPU into ASICs and possibly even those people behind the GPU and ASIC machine setups, are very much different people.  Some are getting out, while a new generation of bitcoiners are coming in.

I think to myself, better get ready for growth phase 2 of bitcoin, now that the pioneering age of bitcoin is coming to a conclusion and we're entering into early adopter and growth phase of bitcoin.

I certainly won't stand in the way of the weak hands getting out now. After all, it makes the bitcoin priced Avalon chips, cheaper, and I trade in fiat to pay for the rest

[cpengr]

Can Klondike K16s and BFL units mine side-by-side, connected to the same host? Specifically, a Raspberry Pi?

[nightengale]

Can Klondike K16s and BFL units mine side-by-side, connected to the same host? Specifically, a Raspberry Pi?

+1 for this question, I have been wondering as well though I'm not sure the answer is definitively knowable yet?

[Xian01]

Can Klondike K16s and BFL units mine side-by-side, connected to the same host? Specifically, a Raspberry Pi?

 No reason not to, for the same same reason 5xxx's can mine along side 6xxxx's, 5xxx's mining along side BFL FPGAs or ASICs, 7xxx's mining along side Block Erupter USB's, etc

[steamboat]

Can Klondike K16s and BFL units mine side-by-side, connected to the same host? Specifically, a Raspberry Pi?

Yes. K16s use the cgminer hardware to mine, and can be used in conjunction with other mining devices.

[dmcdad]

Steamboat: I'm not sure if you saw it but Yifu posted on another thread (where someone got an Avalon clone board working with a sample chip) this:

hint hint: the chip has a much higher clock cap.

I don't think anyone knows details yet, so just an fyi.

[steamboat]

Yes, I had seen that, thank you. What it means, I don't know.

The K16 has headroom for overclocking, so pending testing of the prototype, it's possible to see much higher hashrates. What this will do to power usage, I don't know.

FedEx left this message regarding the samples: "On FedEx vehicle for delivery", so I suppose we'll know shortly!

[rammy2k2]

Yes, I had seen that, thank you. What it means, I don't know.

The K16 has headroom for overclocking, so pending testing of the prototype, it's possible to see much higher hashrates. What this will do to power usage, I don't know.

FedEx left this message regarding the samples: "On FedEx vehicle for delivery", so I suppose we'll know shortly!

that means u will get your hands on them in max 4 hours

[redtwitz]

Apologies if this has been covered before, but what will happen if a batch if not completed (in a reasonable amount of time)? I'm asking since batch 6 begun on June 6 and, as far as I can see, only 643 chips have been paid for as of right now.

[lexis200]

Yes, I had seen that, thank you. What it means, I don't know.

The K16 has headroom for overclocking, so pending testing of the prototype, it's possible to see much higher hashrates. What this will do to power usage, I don't know.

FedEx left this message regarding the samples: "On FedEx vehicle for delivery", so I suppose we'll know shortly!

that means u will get your hands on them in max 4 hours

I think steamboat posted that in the evening his time in Florida, I'm itching to know what's going on, but I think he will probably not have been awake long.

Ps.  WAKE UP STEAMBOAT!