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Author Topic: DRILLBIT SYSTEM Miners - Avalon range available - Now $104.99!  (Read 273634 times)
erk
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August 23, 2013, 02:07:33 PM
Last edit: August 23, 2013, 04:38:55 PM by erk
 #421

BFL completely, completely fucked me, straight-up lied and robbed me. The Avalons I tried to buy got caught in customs, permanently, apparently. Round three, Bitfury. I might have bought from KNCMiner but the fact that they haven't shown a prototype chip and they are supposed to ship in 1 week seems really fishy.


Just about all the ASIC manufacturers you mentioned are killing their own markets, incredibly short term thinkers. WTF were BFL thinking last year when they announced the 1,500GH/s Minirig? They got millions of dollars of orders for the things, from people that don't need to be mining at all if they can afford $30k a rig.
Why are Avalon taking orders for millions of chips, does the net need that much?

Same goes for KNCminer and the Bitfury 400GH/s units. Why release such powerful systems onto the network? By the time they ship they will be over priced and useless. What's the follow up, go 28nm and sell too many GH/s again, then what? That's as far as the tech goes, after that there are only price wars which will close most ASIC manufacturers, Moore's law wont save them, the diff rate increases are way faster. Had these people stuck with a 20GH/s product like the Drillbit board we would all be better off, and they would have had a sustainable market. ROI comes not from the number of GH/s you have, but how much those GH/s cost you. The Drillbit boards at $300 for 20GH/s are better ROI than an Avalon Batch #3 which will never pay for itself, nor will any BFL product shipped after Oct, including the Monarch which is now eta Feb 2014. If we get the Drillbit boards in Oct they will make positive ROI.

If I was an ASIC mining rig seller, I would place a limit on how many you can order. If necessary conduct random draws to even out the distribution.

The ASICs are mainly going to rich people, this is not how the Bitcoin network was intended to be. It was meant to be decentralized like the good old GPU days.
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August 23, 2013, 03:44:17 PM
 #422

It was meant to be decentralized like the good old GPU days.

Amen to that!  Wink


eestimees
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August 23, 2013, 04:41:03 PM
 #423

BFL completely, completely fucked me, straight-up lied and robbed me. The Avalons I tried to buy got caught in customs, permanently, apparently. Round three, Bitfury. I might have bought from KNCMiner but the fact that they haven't shown a prototype chip and they are supposed to ship in 1 week seems really fishy.


Just about all the ASIC manufacturers you mentioned are killing their own markets, incredibly short term thinkers. WTF were BFL thinking last year when they announced the 1,500GH/s Minirig? They got millions of dollars of orders for the things, from people that don't need to be mining at all if they can afford $30k a rig.
Why are Avalon taking orders for millions of chips, does the net need that much?

Same goes for KNCminer and the Bitfury 400GH/s units. Why release such powerful systems onto the network? By the time they ship they will be over priced and useless. What's the follow up, go 28nm and sell too many GH/s again, then what? That's as far as the tech goes, after that there are only price wars which will close most ASIC manufacturers. Had these people stuck with a 20GH/s product like the Drillbit board we would all be better off, and they would have had a sustainable market. ROI comes not from the number of GH/s you have, but how much those GH/s cost you. The Drillbit boards at $300 for 20GH/s are better ROI than an Avalon Batch #3 which will never pay for itself, nor will any BFL product shipped after Oct, including the Monarch which is now eta Feb 2014. If we get the Drillbit boards in Oct they will make positive ROI.

If I was an ASIC mining rig seller, I would place a limit on how many you can order. If necessary conduct random draws to even out the distribution.

The ASICs are mainly going to rich people, this is not how the Bitcoin network was intended to be. It was meant to be decentralized like the good old GPU days.

I think you are spot on with all of what you have said. I think the only answer for what has happened is greed and nothing more. Even the hype around the new asic chips has pumped things up to ridiculous levels before anything was available and thanks to the overall poor reporting, I believe many people, were lead to believe companies like BFL and Avalon were already producing the equipment. Now thanks to all of the early Avalon machines and market manipulation, small time miners can't just buy a few Block Erupters and make a few bucks, everything has become "Go big or go home".
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August 23, 2013, 05:37:45 PM
 #424

Just got a refund on my BFL order (thank you PayPal executives)!  Glad I took the chance and got in on this!!

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August 23, 2013, 06:18:24 PM
 #425

Just got a refund on my BFL order (thank you PayPal executives)!  Glad I took the chance and got in on this!!

how old was your order? PM if you like as I wanna try similar!

Thanks
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August 23, 2013, 07:10:40 PM
 #426

Hey Barntech,

For those electricity- and ROI-conscious, have you considered an under-clocking option? I think I saw somewhere some Finnish dudes came up with a mode where you can squeeze about 1.75Gh/W out of Bitfury, which could extend its life span quite a bit, especially for the stacked units. It gives a lot lower hashrate in that mode, of course.

I can read some of you like milkbottlec want to push the chip at its upper limit. I will give priority to run the system on the long term, at least for 6 monthes (what mightycount called "ROI conscious"). Pushing it, is a very dangerous game, I wont play with fire. While running at the upper limit, that could drastically reduce the lifetime of the system, chips can break down. The hottest they run the shortest their lifetime. Since drillbit can be tuned at different frequencies, it's up to everybody to set up the system as you like.

About bitfury chips, I think the maximum efficiency is around 2Gh/s and the maximum it can handle is 2.7Gh/s (short time boost or with heavy heatsink).

burnin has plans to try and push 5GHash/s out of his sample chips.. I don't think he is afraid to catch some chips on fire.. hopefully this will work out!

My dream Bitfury miner has an analog side knob that says 5Gh/10W on the top notch and 1.75Gh/1W on the bottom notch (times the number of chips, of course). I can wake up once every 2 weeks and turn the knob up or down a bit, depending on the BTC rate, difficulty and my electricity usage.

Keep in mind, there are a bunch of 28nm horses in the race (one is next block from where I live) and Avalon is a clear laggard in that race. Bitfury, on the other hand, can still survive for a while in the UC mode. Hand routed chips are hard to beat, even with the superior node size.

Personal Bitcoin Black List - Companies and people to avoid!
````` Butterfly Labs...MtGox...ragingazn628...(reserved)...  `````
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August 23, 2013, 07:19:27 PM
 #427


My dream Bitfury miner has an analog side knob that says 5Gh/10W on the top notch and 1.75Gh/1W on the bottom notch (times the number of chips, of course).

I want one that goes up to 11.

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August 23, 2013, 07:23:43 PM
 #428

That's why I said "Bitfury" and not "Bit Fairy" Smiley

Personal Bitcoin Black List - Companies and people to avoid!
````` Butterfly Labs...MtGox...ragingazn628...(reserved)...  `````
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August 23, 2013, 07:30:39 PM
 #429

Hey guys! I've been given approval to start developing the website for this project.

I haven't run this mascot/logo by barntech yet but what do you guys think?!



Anyone else looking for some graphics design / web design?!


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Micky25
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August 23, 2013, 07:38:06 PM
 #430

I like it  Smiley
MRKLYE
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August 23, 2013, 07:44:00 PM
 #431

I like it  Smiley

Thanks man!

Barntech wanted a super mario / video gameish design so I came up with that last night.
Hopefully start the site today or tomorrow!!


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Its About Sharing
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August 23, 2013, 07:48:19 PM
 #432

Hey guys! I've been given approval to start developing the website for this project.

I haven't run this mascot/logo by barntech yet but what do you guys think?!



Anyone else looking for some graphics design / web design?!

Pretty nice I must admit. (First Impression)
Great with the drilling theme actuated.

What about some BTC results/hit from the "drilling"?  Grin

BTC = Black Swan.
BTC = Antifragile - "Some things benefit from shocks; they thrive and grow when exposed to volatility, randomness, disorder, and stressors and love adventure, risk, and uncertainty. Robust is not the opposite of fragile.
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August 23, 2013, 07:54:31 PM
 #433

Hmmm! Maybe have "DrillBert" hitting a block and have BTC flying out?!


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August 23, 2013, 08:16:57 PM
 #434

Hmmm! Maybe have "DrillBert" hitting a block and have BTC flying out?!

That is what I'm taking about! Get to work!

Seriously, really nice and creative answer. (Hitting a block and a BTC coming out somewhere. But where?)

BTC = Black Swan.
BTC = Antifragile - "Some things benefit from shocks; they thrive and grow when exposed to volatility, randomness, disorder, and stressors and love adventure, risk, and uncertainty. Robust is not the opposite of fragile.
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August 23, 2013, 08:26:40 PM
 #435

Hmmm! Maybe have "DrillBert" hitting a block and have BTC flying out?!

great idea, Iam totally interested in seeing such a design!

ex official Canaan Distributor (Cryptouniverse)
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August 23, 2013, 08:40:56 PM
Last edit: August 23, 2013, 08:54:15 PM by Todamont
 #436

Tides have turned for me. I'm offering my order for 16 chips on two boards. I paid 5.21btc, I'm selling for 5.5btc. PM me.
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August 23, 2013, 08:47:44 PM
 #437

Hmmm! Maybe have "DrillBert" hitting a block and have BTC flying out?!

great idea, Iam totally interested in seeing such a design!

I shall see what I can come up with! Still trying to visualize how to draw a found block and have BTC rain from it!


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vulgartrendkill
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August 23, 2013, 09:06:04 PM
 #438

Tides have turned for me. I'm offering my order for 16 chips on two boards. I paid 5.21btc, I'm selling for 5.5btc. PM me.

Why the change of heart?
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August 23, 2013, 09:38:30 PM
 #439

Situation changed. I need the cash instead, can't wait for returns.
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August 23, 2013, 09:43:01 PM
 #440

Situation changed. I need the cash instead, can't wait for returns.

I will buy if you still have them next week.

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