Eyes to the horizon: A bitcoin ASIC project will be announced in June

[RoadStress]

update:

1. Price for our  “Garden Miner" will be 0.45BTC/GH, the prices of all models can therefore be calculated.  This price is based on shippment Date: the end of Aug/start of Sep, any delay will make the price even lower.
2. Models of "Garden miner" include : 48GH,96GH,192GH,  power consumption is approximate 5W/GH, i.e., the biggest 192GH `s P-consumption will be around 1KW.
3. Hope the "Plug and play" functionality will be added in the first generation("Simple-operation "is always our persuit,but we cant 100% sure we can do so in the first gene)

When is the prototype ready?

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[sikman]

count me in, I just hope it all works out as I'm sick of waiting to buy an ASIC, well I could buy the 10GH ASICMINER for 50BTC but I don't feel like getting raped at that price..

[kevcoins]

update:

1. Price for our  “Garden Miner" will be 0.45BTC/GH, the prices of all models can therefore be calculated.  This price is based on shippment Date: the end of Aug/start of Sep, any delay will make the price even lower.
2. Models of "Garden miner" include : 48GH,96GH,192GH,  power consumption is approximate 5W/GH, i.e., the biggest 192GH `s P-consumption will be around 1KW.
3. Hope the "Plug and play" functionality will be added in the first generation("Simple-operation "is always our persuit,but we cant 100% sure we can do so in the first gene)

0.45btc at today rate is $49.5gh/s , the current market going rate was only $18gh/s. He is making a killing here. His costs for 1 gh/s could be $5 to $10 per gh/s the most.

BTC miner should be calculated in BTC.

You should always compares btc to fait or dollar to find out the real costs and go from there. Can you used btc to buy food at carefour in china or one of the herbal shop in china?

[tinoki]

No Open Day / Open House for us to visit them or a chance to fire them a ton of questions? No prototype? looking scary, he don't reply pm and only chooses questions to answer and ignore the rest

[Wayne_Chang]

They said they will not do pre-order. Just prepare your money and buy when the miner comes out.

[tinoki]

They said they will not do pre-order. Just prepare your money and buy when the miner comes out.

Who wants to buy blindly would you? if they really have this baby running in Sept or Oct and showing the mining pool that they
were in with the proof that they have so many TH on that network, and only open up their order that will somewhat proof their legitimacy. Right now they is nothing.

[seleme]

Too expensive, you'll have hard time to compete with KNCMiner and Bitfury if all of you 3 deliver with such price. They're both half priced.

[Wayne_Chang]

They said they will not do pre-order. Just prepare your money and buy when the miner comes out.

Who wants to buy blindly would you? if they really have this baby running in Sept or Oct and showing the mining pool that they
were in with the proof that they have so many TH on that network, and only open up their order that will somewhat proof their legitimacy. Right now they is nothing.

So you can keep your questions when the miner come out. If they are not honest enough and changed some spec of the miner, even you get answers for your questions right now, is it still meaningful?

[Rampion]

Too expensive, you'll have hard time to compete with KNCMiner and Bitfury if all of you 3 deliver with such price. They're both half priced.

Today they are half priced. Let's see where it is the btc/usd exchange rate in September. I'd be surprised if it's not much lower.

[Rora]

The BTC/USD price wont be lower...

[Rampion]

The BTC/USD price wont be lower...

Quoted for future bump.

Today's price is $105 per BTC.

[Rora]

Watch this space!

[freedomno1]

Well then looks forward to this week AMC on thursday and an announcement here by Sunday
IPO price

[Lohoris]

You should always compares btc to fait or dollar to find out the real costs and go from there. Can you used btc to buy food at carefour in china or one of the herbal shop in china?

Wrong.

A miner is a device that basically creates BTC.
If you pay it with BTC, you are paying some BTC now to get more BTC in future.
The relative price of BTC to other currencies is almost irrelevant, i.e. it matters only because you do not pay electricity in BTC, but that is a small % compared to the cost of the miner itself.

[Rora]

That argument doesn't mean you are entitled to charge 40+ USD equivalent for GH. No one in their right mind would purchase miners at those prices.

[Wayne_Chang]

You should always compares btc to fait or dollar to find out the real costs and go from there. Can you used btc to buy food at carefour in china or one of the herbal shop in china?

Wrong.

A miner is a device that basically creates BTC.
If you pay it with BTC, you are paying some BTC now to get more BTC in future.
The relative price of BTC to other currencies is almost irrelevant, i.e. it matters only because you do not pay electricity in BTC, but that is a small % compared to the cost of the miner itself.

Agreed. Should use how many BTC you can get from the miner to judge whether the BTC you paid for the miner is worth or not.

[canth]

That argument doesn't mean you are entitled to charge 40+ USD equivalent for GH. No one in their right mind would purchase miners at those prices.

Yes they do and they would. The issue is availability - if someone has a product to sell now, in 30 days or 90 days then it makes a huge difference in what people will pay for the product.

AM USB devices have sold by the thousands and those devices went for $600/GH, now cut down to around $300/GH. The reason? They're available for purchase and delivery in < 2 weeks.

If someone has a product that will ship in less than 60 days, they can charge a premium over KnC, BFL, Avalon or anyone else that doesn't have a product available in significant volumes.

[nubbins]

That argument doesn't mean you are entitled to charge 40+ USD equivalent for GH.

Yes it does.

If you make something, aren't you entitled to charge whatever you want for it?

[klintay]

Obviously you are entitled to charge whatever you want for it. And the free market is entitled to buy it or not buy it or debate about the cost worthiness or "slag off" the company verbally for their products being so shitty or overpriced, etc.

That's how an equilibrium is found, which will eventually happen with ASICS too.

Someone on this forum once said,
"i don't believe these miners are real. why would anyone sell a miner when you could mine with it and make $$$ that way instead." 

to which another poster replied, "because some people don't care about the profit but care about making the BTC network more decentralised and stronger and..." blah blah or someother socialist mumbojumbo.

That was a BS response. The truth is that 90% of the people selling mining equipment are charging 6 x what the device could mine in 1 month. In my opinion they are greedy. They are taking value out of the very purpose of the product. They get six month return instantly and negate all the risk onto the naive/greedy consumer. I certainly hope i am wrong and people do make a decent ROI or else the miner manufacturers and the whole BTC scene may have shot themselves in the foot.

[tinoki]

That argument doesn't mean you are entitled to charge 40+ USD equivalent for GH. No one in their right mind would purchase miners at those prices.

You are in every sense right.