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Author Topic: HashFast announces specs for new ASIC: 400GH/s  (Read 865160 times)
jimmothy
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August 31, 2014, 01:08:11 AM
 #10561

Quote from: iCEBREAKER link=topic=262052.msg8603504#msg8603504
Of course you had to pointedly ignore KnC, because as the most successful BTC ASIC company ever, their example proves your latter claim demonstrably false.

You forgot to add "/s" so people don't think you're being serious.

So which BTC ASIC company is more successful than KnC?

Bitfury, Bitmain, Avalon, Asicminer, Lketc..

Nobody wants to buy a giant chip that requires $150 worth of cooling when you could use smaller chips with ~$30 worth of cooling.
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August 31, 2014, 01:23:00 AM
 #10562

So which BTC ASIC company is more successful than KnC?

Bitmain.  They are the only ones that have consistently met their deadlines and specs and in the one case where they had a small miss on specs they compensated customers proportionately.  Spondoolies is the only other manufacture even close.  It's notable that both of these companies appear to have had their R&D funded by private investment.

All the other manufactures in hindsight appear to be thinly veiled schemes to use customer money to finance R&D which they then use to build private mines once all the risk has been eliminated with other people's money.

Hashfast lead everyone to believe that their R&D had been privately funded but we now know that was false and they were using customer money to fund and operate the company.  Money which was not rightfully theirs since they hadn't yet shipped any products.

http://en.wikipedia.org/wiki/Revenue_recognition

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August 31, 2014, 01:26:31 AM
 #10563

Quote from: iCEBREAKER link=topic=262052.msg8603504#msg8603504
Of course you had to pointedly ignore KnC, because as the most successful BTC ASIC company ever, their example proves your latter claim demonstrably false.

You forgot to add "/s" so people don't think you're being serious.

So which BTC ASIC company is more successful than KnC?

Bitfury, Bitmain, Avalon, Asicminer, Lketc..

Nobody wants to buy a giant chip that requires $150 worth of cooling when you could use smaller chips with ~$30 worth of cooling.

Bitfury...maybe.  KnC already has like $20 million in the bank, while BitFury is borrowing $20 million in venture capital.

Let's not forget BitFury also had "problems actually building working miners" even with its tiny chip.  They had to run it at half speed, remember?

The rest?  Not a chance.  Avalon pissed off at least as many customers as HF.  Bitmain is still a baby.  And AM's latest chip is a dud.

When you have to pay for electricity and rack space, the trivial increased cooling cost is overwhelmed by savings accrued by much higher density.

Regardless, leaving KnC off your list that purported to demonstrate the non-viability of big hot chips was a silly mistake to make.   Wink


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August 31, 2014, 02:13:02 AM
 #10564

So which BTC ASIC company is more successful than KnC?

Bitfury, Bitmain, Avalon, Asicminer, Lketc..

Nobody wants to buy a giant chip that requires $150 worth of cooling when you could use smaller chips with ~$30 worth of cooling.

Bitfury...maybe.  KnC already has like $20 million in the bank, while BitFury is borrowing $20 million in venture capital.

Let's not forget BitFury also had "problems actually building working miners" even with its tiny chip.  They had to run it at half speed, remember?

Do you really think Bitfury has no money in the bank? They raised $20m on a $270m total valuation. The only reason KNC/HF didn't raise $20m is because nobody wants to invest in them.

Even with a chip that never achieved the full 5GH they still managed to sell/deploy enough hardware to account for 40% of the network.

Quote
The rest?  Not a chance.  Avalon pissed off at least as many customers as HF.  Bitmain is still a baby.  And AM's latest chip is a dud.

Avalon still managed to sell 9PH (not including self mining) worth of overpriced hardware after "pissing off as many customers as HF" and their first gen was hugely successful.

AM already turned a profit of 210,000 btc and their latest chip is more energy/cost efficient than HF/KNC's chips.

Bitmain has managed to maintain 20% of the network for around half a year now. If Bitmain is a baby does that make KNC a fetus?

I don't know how you can say KNC is the most successful company while they have an incredible amount of pissed off customers demanding refunds and yield issues so bad they can't even ship to the few who still wanted their neptunes.

Quote
When you have to pay for electricity and rack space, the trivial increased cooling cost is overwhelmed by savings accrued by much higher density.

The savings on cooling are not nearly trivial when they make up ~25% of your production costs. Also the most dense miner to date (sp30) uses cheap extruded heatsinks.

Quote
Regardless, leaving KnC off your list that purported to demonstrate the non-viability of big hot chips was a silly mistake to make.

I agree he should have included KNC in the list of failures.
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August 31, 2014, 02:16:42 AM
 #10565

Regardless, leaving KnC off your list that purported to demonstrate the non-viability of big hot chips was a silly mistake to make.   Wink

No one said big chips are impossible. Just that they are fraught with difficulties, as proven by the fact that most big chips have had huge problems making working miners, while most small chips built working miners quickly and easily.

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August 31, 2014, 02:37:40 AM
 #10566

Regardless, leaving KnC off your list that purported to demonstrate the non-viability of big hot chips was a silly mistake to make.   Wink

No one said big chips are impossible. Just that they are fraught with difficulties, as proven by the fact that most big chips have had huge problems making working miners, while most small chips built working miners quickly and easily.

That's right.  When you lose on specifics, retreat into generalities.   Wink

Never mind how many difficulty-fraught small chips, including BitFury, have also had huge problems making working miners...   Roll Eyes


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whether we have a dictatorship or a real democracy." 
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August 31, 2014, 02:46:09 AM
 #10567

So which BTC ASIC company is more successful than KnC?

Bitfury, Bitmain, Avalon, Asicminer, Lketc..

Nobody wants to buy a giant chip that requires $150 worth of cooling when you could use smaller chips with ~$30 worth of cooling.

Bitfury...maybe.  KnC already has like $20 million in the bank, while BitFury is borrowing $20 million in venture capital.

Let's not forget BitFury also had "problems actually building working miners" even with its tiny chip.  They had to run it at half speed, remember?

Do you really think Bitfury has no money in the bank? They raised $20m on a $270m total valuation. The only reason KNC/HF didn't raise $20m is because nobody wants to invest in them.

Even with a chip that never achieved the full 5GH they still managed to sell/deploy enough hardware to account for 40% of the network.

Quote
The rest?  Not a chance.  Avalon pissed off at least as many customers as HF.  Bitmain is still a baby.  And AM's latest chip is a dud.

Avalon still managed to sell 9PH (not including self mining) worth of overpriced hardware after "pissing off as many customers as HF" and their first gen was hugely successful.

AM already turned a profit of 210,000 btc and their latest chip is more energy/cost efficient than HF/KNC's chips.

Bitmain has managed to maintain 20% of the network for around half a year now. If Bitmain is a baby does that make KNC a fetus?

I don't know how you can say KNC is the most successful company while they have an incredible amount of pissed off customers demanding refunds and yield issues so bad they can't even ship to the few who still wanted their neptunes.

Quote
When you have to pay for electricity and rack space, the trivial increased cooling cost is overwhelmed by savings accrued by much higher density.

The savings on cooling are not nearly trivial when they make up ~25% of your production costs. Also the most dense miner to date (sp30) uses cheap extruded heatsinks.

Quote
Regardless, leaving KnC off your list that purported to demonstrate the non-viability of big hot chips was a silly mistake to make.

I agree he should have included KNC in the list of failures.

All good points my friend.  I exaggerated KnC's success to put Skye on the defensive.  IDK which ASIC company has the largest valuation, but KnC is no slouch.

Let's not lose sight of the fact that we HF customers purchased their pre-orders because we approved of their big hot chip approach.  Many of us hedged that bet by also gaining exposure to AsicMiner and other small cool chip makers.

Also, if you underclock a HF chip they are remarkably efficient.  And the single die product is still a work in progress.  Go Mr Teal go!!!   Cool


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"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
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August 31, 2014, 03:17:49 AM
 #10568

So which BTC ASIC company is more successful than KnC?

And if KnC is just another big hot chip failure like HF/CT/BFL, why did Syke accidentally forget to include them in his list?


Over engineered!

Bitfury...maybe.  KnC already has like $20 million in the bank, while BitFury is borrowing $20 million in venture capital.

You are more stupid than I thought after stating this.

iCEBREAKER is a troll! He and cypherdoc helped HashFast scam 50 Million $ from its customers !
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August 31, 2014, 04:01:11 AM
 #10569

So which BTC ASIC company is more successful than KnC?

And if KnC is just another big hot chip failure like HF/CT/BFL, why did Syke accidentally forget to include them in his list?

Over engineered!

Bitfury...maybe.  KnC already has like $20 million in the bank, while BitFury is borrowing $20 million in venture capital.

You are more stupid than I thought after stating this.


KnC can't control what kind of power cables users plug into their boards.  Fried PCIE connects are just part of mining, regardless of platform.

As for stupidity, let's revisit your encouragement of Inaba and support for BFL...  Grin
https://bitcointalk.org/index.php?topic=53530.msg689306#msg689306
Quote
   
Re: 1GH/s, 20w, $700 (was $500) — Butterflylabs, is it for real? (Part 2)
January 13, 2012, 05:04:52 AM
   
 #698
bulanula why would they disclose the tech behind their product now? getting a head start in any business means more money for you. if they disclose the tech then maybe someone else would start creating an identical product. having their products shipped then disclosing the tech seems to me a BIG head start. so there is absolutely no logic in disclosing their tech now.

Inaba & the rest: why don't you use the "ignore" function for the trolls and the idiots? Life would be much easier then...

/slap-fight   Kiss



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whether we have a dictatorship or a real democracy." 
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August 31, 2014, 06:00:51 AM
 #10570

Quote
If this isn't a "prepackaged bankruptcy scam", if you really think that, well, I'm sorry, but I can't help you.

It's the "prepackaged bankruptcy scam" that I've been eluding to all along, hence hammering the key players, for I've envisioned this not being the last pbs with basically the same players jockeying for position to do it all again.

All four of CoinWare's pet entities have a combine total of tens of millions of dollars worth of Monarchs on order from BFL with nary one yet supposedly delivered, yet they're hawking their brains out that what they have to offer is the greatest thing since sliced wafers, informing the world that with their brands you can't go wrong, albeit they themselves wouldn't touch it with a ten inch Skropenis pole.

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August 31, 2014, 07:32:29 AM
 #10571

Never mind how many difficulty-fraught small chips, including BitFury, have also had huge problems making working miners...   Roll Eyes

You wanna criticize Bitfury? An engineer that single-handedly designed a 55nm chip that is more efficient than most 28nm chips. Whose miners shipped on time. Whose company deals with venture capitalists instead of bankruptcy attorneys. Whose chip is powering a significant portion of the entire Bitcoin network . Go on, keep making a fool of yourself.

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August 31, 2014, 08:01:05 AM
 #10572

KnC can't control what kind of power cables users plug into their boards.  Fried PCIE connects are just part of mining, regardless of platform.

As for stupidity, let's revisit your encouragement of Inaba and support for BFL...  Grin
https://bitcointalk.org/index.php?topic=53530.msg689306#msg689306
Quote
   
Re: 1GH/s, 20w, $700 (was $500) — Butterflylabs, is it for real? (Part 2)
January 13, 2012, 05:04:52 AM
   
 #698
bulanula why would they disclose the tech behind their product now? getting a head start in any business means more money for you. if they disclose the tech then maybe someone else would start creating an identical product. having their products shipped then disclosing the tech seems to me a BIG head start. so there is absolutely no logic in disclosing their tech now.

Inaba & the rest: why don't you use the "ignore" function for the trolls and the idiots? Life would be much easier then...

/slap-fight   Kiss

Ok. I will power my Jupiters using as power cables my chewing gum! Since they can't control what power cables user plug into their boards I will show them how its done!!!

As for me supporting Inaba well it was January 2012. Why wouldn't I support them back then? They looked ok back then. Please tell me a reason why shouldn't I support them.

iCEBREAKER is a troll! He and cypherdoc helped HashFast scam 50 Million $ from its customers !
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August 31, 2014, 06:58:37 PM
 #10573

http://www.reddit.com/r/vertcoin/comments/26mlmb/bliss_devices_allegedly_vtccapable_asic_maker/

Quote
Yes, sorry, I should have included links in the orignal post.
Okay, here is the Bliss video featuring Abram Kottmeier: http://youtu.be/LLrQ40qUegg?t=4m26s
There is very lengthy discussion of Kottmeier, aka "Long Dong Johnson" in the main Hashfast thread at bitcointalk. Best to just search the thread for "Kottmeier" or "Long Dong". Be prepared for some, errr, interesting material. If you are up for it, here is a link to Abram's page offering his services as a male prostitute in SF on massageboy.com:
https://bitcointalk.org/index.php?topic=262052.msg4322377;topicseen#msg4322377
He even has bad reviews. You can't make this stuff up. Kottmeier used to have a site called playpen.com. Now he sells ASICs.

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September 01, 2014, 12:09:25 AM
 #10574

Never mind how many difficulty-fraught small chips, including BitFury, have also had huge problems making working miners...   Roll Eyes

You wanna criticize Bitfury? An engineer that single-handedly designed a 55nm chip that is more efficient than most 28nm chips. Whose miners shipped on time. Whose company deals with venture capitalists instead of bankruptcy attorneys. Whose chip is powering a significant portion of the entire Bitcoin network . Go on, keep making a fool of yourself.

Stating historical facts relevant to the big/hot vs small/cool ASIC debate is not criticism.  BF is obviously a self-taught engineering wunderkind.  That doesn't change the fact that his first chip was tricky to get running in serial, nor the fact that it had to be underclocked to meet power spec.  That he succeeded in spite of these challenges speaks even more highly of his abilities.  You are making a fool of yourself by insisting we pretend everything he touched was perfect in every way.  Get a grip bro, only Master Satoshi is infallible.   Wink




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whether we have a dictatorship or a real democracy." 
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September 01, 2014, 12:35:50 AM
 #10575

Stating historical facts relevant to the big/hot vs small/cool ASIC debate is not criticism.

If you want to stick to "historical fact" it might be time to pass the "Fastest ASIC on the planet" title you keep giving HF on to its rightful owner: KnC.
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September 01, 2014, 12:43:52 AM
 #10576

Stating historical facts relevant to the big/hot vs small/cool ASIC debate is not criticism.

If you want to stick to "historical fact" it might be time to pass the "Fastest ASIC on the planet" title you keep giving HF on to its rightful owner: KnC.

How fast is KnC's currently available chip?  Is 20nm Nepture for sale yet?


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Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
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September 01, 2014, 12:47:39 AM
 #10577

Stating historical facts relevant to the big/hot vs small/cool ASIC debate is not criticism.

If you want to stick to "historical fact" it might be time to pass the "Fastest ASIC on the planet" title you keep giving HF on to its rightful owner: KnC.

How fast is KnC's currently available chip?  Is 20nm Nepture for sale yet?

So if I order a Hash Fast today when will it ship?  Tongue

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pmorici
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September 01, 2014, 12:57:31 AM
 #10578

So if I order a Hash Fast today when will it ship?  Tongue

You'll have to confirm with them but it's my understanding they have GN1 chips, whole wafers, and ATX power supplies that are basically shipping immediately from stock.

Gigampz: Adapter Boards for Server Power Supplies 50% cheaper than ATX power supplies.  DPS-800GBA, DPS-1200FBA, Common Slot, CRPS, DPS-1200TBA, DPS-2000bb, Dell z750p
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September 01, 2014, 02:19:00 AM
 #10579

So if I order a Hash Fast today when will it ship?  Tongue

You'll have to confirm with them but it's my understanding they have GN1 chips, whole wafers, and ATX power supplies that are basically shipping immediately from stock.

It wasn't an honest question Professor.  Blazed and his hater buddies just like to gainsay anything I write.   Cheesy


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Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
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September 01, 2014, 02:28:12 AM
 #10580

So if I order a Hash Fast today when will it ship?  Tongue

You'll have to confirm with them but it's my understanding they have GN1 chips, whole wafers, and ATX power supplies that are basically shipping immediately from stock.

It wasn't an honest question Professor.  Blazed and his hater buddies just like to gainsay anything I write.   Cheesy

Honestly if I could buy some Hash Fast stuff at a decent price I would no questions asked!  I have no dog in this fight as I do not pre order EVER so I have never been screwed buying gear  Cool

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