A new ASIC is coming

[Bitcoinorama]

Oh man.. projects like these are going to push the difficulty 200M+ within one year :|

Dude 200M Difficulty is loooong gone within a year!!

[one4many]

65nm asic,

I am not asking for pre-orders or money.   I am Just letting the community know that  a MASSIVE volume has been ordered.  The order is not mine either so don't ask me if I will sell you chips or units .  I'm just a worker bee in the bee-hive.

65 mm² Rain Drop,

I am not asking for pre-orders or money. I am just letting the community know that a MASSIVE rain shower has been forcasted. The water is not mine either so don't ask me if I will sell you umbrellas or rain coats . I'm just another clown from a random circus.

GO HOME!!! Come back with some real news and don't waste everybody's lifetime!

[RoadStress]

5 pages already with no real useful information. Ok someone just made a 1 mil custom ASIC chips order. We don't know the lead time, we don't know if the chip is working as intended etc. Miners need prices, time and performance. If you want to stop pre-orders from the other companies then give us more information.

[FlappySocks]

Now if you had come along as said the end-user is a government department, or a bank, or Paypal then that would be a real story.   <gulp>.

[67152398]

Wait.......

[TheSwede75]

Considering the producing foundry, producing partners, technology used (65 nm) and order size in the millions of units I have to say that if the screencap is accurate (and I believe it to be) we could be taking about at least 1000s of TH.

No matter the end user this is a damn significant amount of possible hash rate. Of course, more info would babe great.

I do however not believe anyone needs to worry about a 51% attack. With only projected hash rate by year end from KNC, BFL (without ramping up production speed), Bitfury and already sold Avalon chips + ASICMINER we are prob looking at a network hash OVER 20 Petahash by year end anyway. And I consider that a low estimate.

[asically]

Probably the twins.

I guess they're more trustworthy than Vleisides.

[Teka]

Probably the twins.

I guess they're more trustworthy than Vleisides.

Those guys try to be in the centre of attention, I doubt they would allow this kind of shoddy pr. How big is the company in terms of revenue?

[TheSwede75]

Probably the twins.

I guess they're more trustworthy than Vleisides.

Those guys try to be in the centre of attention, I doubt they would allow this kind of shoddy pr. How big is the company in terms of revenue?

The production contract states only manufacturing parties, the end-customer is listed as 'non disclosed'.

[cardcomm]

RESERVED

What's up with you, greaterninja? You've been acting very RESERVED lately?

[John (John K.)]

I confirm that greaterninja does indeed seem to work in the IC industry. (via a company email I confirmed)
He has requested that I confirm there are at least 3, IC companies involved, but at the request of the OP, that information is confidential.

Thanks,
John

[SirWizz]

Considering the producing foundry, producing partners, technology used (65 nm) and order size 1.05 million units I have to say that if the screencap is accurate (and I believe it to be) we could be taking about at least 8.000 TH.

No matter the end user this is a damn significant amount of possible hash rate. Of course, more info would babe great.

I do however not believe anyone needs to worry about a 51% attack. With only projected hash rate by year end from KNC, BFL (without ramping up production speed), Bitfury and already sold Avalon chips + ASICMINER we are prob looking at a network hash OVER 20 Petahash by year end anyway. And I consider that a low estimate.

Could you perhaps elaborate on that?   I don't know how that can be a low estimate, the estimates I have seen so far are 1000 TH by fall and maybe 2000-3000 TH by year end. To me 20000 TH sounds a bit much, not on the low end. But perhaps I have less information than you do on the quantities of chips that are supposed to be out there in the wild by year end.

[dentldir]

Seems these chips might be born with non zero counter party risk due to non-disclosure agreement violations.

Interesting nonetheless.

[TheSwede75]

Considering the producing foundry, producing partners, technology used (65 nm) and order size 1.05 million units I have to say that if the screencap is accurate (and I believe it to be) we could be taking about at least 8.000 TH.

No matter the end user this is a damn significant amount of possible hash rate. Of course, more info would babe great.

I do however not believe anyone needs to worry about a 51% attack. With only projected hash rate by year end from KNC, BFL (without ramping up production speed), Bitfury and already sold Avalon chips + ASICMINER we are prob looking at a network hash OVER 20 Petahash by year end anyway. And I consider that a low estimate.

Could you perhaps elaborate on that?   I don't know how that can be a low estimate, the estimates I have seen so far are 1000 TH by fall and maybe 2000-3000 TH by year end. To me 20000 TH sounds a bit much, not on the low end. But perhaps I have less information than you do on the quantities of chips that are supposed to be out there in the wild by year end.

You do the math:

100s of KNC 400 gh/s miners
At least 340 Bitfury 120 gh/s miners
1000s of 5-60 gh/s BFL miners
100+ orders of 10k Avalon 300mh/s chips

If at least 50% of these miners/chips deliver.. Well... You can see for yourself

[Fiyasko]

Is it just me or is a thread where this user can Boost thier activity count by slapping in ALOT of posts that contain nothing other than
RESERVED
Seriously theres like ten of them

[Bitcoinorama]

This sounds similar to the warning of Yifu Guo's greatest fear at Bitcoin2013;

Unown private entities...

[greaterninja]

This sounds similar to the warning of Yifu Guo's greatest fear at Bitcoin2013;

Unown private entities...

My offer to help Team Avalon still stands.    I am here to help whoever as long as they are respectful.

[hackjealousy]

Is it just me or is a thread where this user can Boost thier activity count by slapping in ALOT of posts that contain nothing other than
RESERVED
Seriously theres like ten of them

RESERVED

[RoadStress]

This sounds similar to the warning of Yifu Guo's greatest fear at Bitcoin2013;

Unown private entities...

My offer to help Team Avalon still stands.    I am here to help whoever as long as they are respectful.

What offer?  Just tell us when will you release another important announcement and let's stop this stupid game.

[Paladin69]

ASIC centralizing abusers are starting to feel like that kid in school who kept sticking gum under the desk, making it so nobody in class can chew gum now.

Gavin may have to exclude ASIC from being able to mine with them if groups of people try to centralize ASIC too much.  The point of Bitcoin was to keep it decentralized and as spread around as much as possible.  A lot of people could be left holding useless ASIC's if large groups abuse this and a future version needs to exclude them.

BFL has stated that they will give people a discount if we have to fall back to FPGA's.  GPU miners I'm sure would be happy.