HashFast launches sales of the Baby Jet

[Syke]

when they talk about this the emphasis is on orders of magnitude increased efficiency.

A big chip is not "orders of magnitude" more efficient than a bunch of small chips. That's just not how bitcoin hashing works.

[minternj]

The Baby Jet will support standalone mining via an Ethernet connection, and upgrade to WiFi via a USB WiFi card.

Thanks for clarifying.

[dropt]

Come on people, either these guys have a very bad PR or this is a scam. If you think anyone not IBM, Intel or another big player can deliver one chip that can use up to 300W in power, you're delusional. And even them would never do such thing if not for experimental purposes (if even viable for that).

TDP of a 7970 is 250W+  ...  Just sayin'.


http://en.wikipedia.org/wiki/Radeon_HD_7000_Series#Radeon_HD_7900

[cypherdoc]

when they talk about this the emphasis is on orders of magnitude increased efficiency.

A big chip is not "orders of magnitude" more efficient than a bunch of small chips. That's just not how bitcoin hashing works.

i think you're going to be surprised.

[Ytterbium]

when they talk about this the emphasis is on orders of magnitude increased efficiency.

A big chip is not "orders of magnitude" more efficient than a bunch of small chips. That's just not how bitcoin hashing works.

Lol. This should be obvious.

No one knows what KnC or Cointerra's chips will look when it comes to efficiency. KnC's estimates are about 3x HashFast's.  That's not an "order of magnitude"

[Loredo]

No one knows what KnC or Cointerra's chips will look when it comes to efficiency. KnC's estimates are about 3x HashFast's.  That's not an "order of magnitude"

It is in binary.  And if you'll agree with me on this, that'll make 10 of us.  

[dropt]

It is in binary base2.  And if you'll agree with me on this, that'll make 10 of us.  

[Loredo]

It is in binary base2.  And if you'll agree with me on this, that'll make 10 of us.  

Picky, picky, picky.  But strictly, your edit is spot on.  Binary is defined as "of or pertaining to a system of numerical notation to the base 2."

On the other hand, "orders of magnitude" refer specifically to using the sequence of powers of the base to characterize numbers. 

So, yeah, I'll take it.

[MadHasher]

Come on people, either these guys have a very bad PR or this is a scam. If you think anyone not IBM, Intel or another big player can deliver one chip that can use up to 300W in power, you're delusional. And even them would never do such thing if not for experimental purposes (if even viable for that).

TDP of a 7970 is 250W+  ...  Just sayin'.


http://en.wikipedia.org/wiki/Radeon_HD_7000_Series#Radeon_HD_7900

And that is a lot more than just a chip. The RAM and VRMs on these things take a good amount with it. You also should know there is a huge difference in both yields and cooling something that is <200W and one that pushes through 300W or more. Same reason why you see Intel having high-end chips at 130W+ but not much more than that.

[DeathAndTaxes]

Come on people, either these guys have a very bad PR or this is a scam. If you think anyone not IBM, Intel or another big player can deliver one chip that can use up to 300W in power, you're delusional. And even them would never do such thing if not for experimental purposes (if even viable for that).

TDP of a 7970 is 250W+  ...  Just sayin'.


http://en.wikipedia.org/wiki/Radeon_HD_7000_Series#Radeon_HD_7900

And that is a lot more than just a chip. The RAM and VRMs on these things take a good amount with it. You also should know there is a huge difference in both yields and cooling something that is <200W and one that pushes through 300W or more. Same reason why you see Intel having high-end chips at 130W+ but not much more than that.

You do know a Bitcoin ASIC (any ASIC) is going to have heat load off the chip too right? No ASIC runs as 12V so you are talking about so pretty "beefy" DC to DC converters.  Not sure why people assume xW at the wall would mean xW at the chip.

[seriouscoin]

Come on people, either these guys have a very bad PR or this is a scam. If you think anyone not IBM, Intel or another big player can deliver one chip that can use up to 300W in power, you're delusional. And even them would never do such thing if not for experimental purposes (if even viable for that).

TDP of a 7970 is 250W+  ...  Just sayin'.


http://en.wikipedia.org/wiki/Radeon_HD_7000_Series#Radeon_HD_7900

And that is a lot more than just a chip. The RAM and VRMs on these things take a good amount with it. You also should know there is a huge difference in both yields and cooling something that is <200W and one that pushes through 300W or more. Same reason why you see Intel having high-end chips at 130W+ but not much more than that.

You do know a Bitcoin ASIC (any ASIC) is going to have heat load off the chip too right? No ASIC runs as 12V so you are talking about so pretty "beefy" DC to DC converters.  Not sure why people assume xW at the wall would mean xW at the chip.

Because they're stupid and acting as armchair engineer on the interweb

[HashFast]

I will be posting the Miner Protection Program shortly

 - Eduardo deCastro, Founder & CEO, HashFast Technologies

[HashFast]

Is it too early for us youngins to learn where Baby Jets come from?  Is it a bit ... eww?

Do you mean the name?

[zedicus]

I will be posting the Miner Protection Program shortly

 - Eduardo deCastro, Founder & CEO, HashFast Technologies

I was just about to ask about that.  Do tell...

[CoinHoarder]

Is it too early for us youngins to learn where Baby Jets come from?  Is it a bit ... eww?

Do you mean the name?

I assume it was a joke.. like a "where do babies come from?" joke.

Anyways, I am excited to see what you guys come up with as a "Miner Protection Program".

Sounds interesting.

[iCEBREAKER]

Is it too early for us youngins to learn where Baby Jets come from?  Is it a bit ... eww?

When a daddy ASIC loves a mommy ASIC very very much, he puts his nonce into her register until the block erupts and Bitcoins spray all over inside her...

Actually crumbs, you're too young for this.  Nevermind, come back when you're in college, or ask your father.

[HashFast]

Hating to break into the talk about how babies are made ...

Still - here is Miner Protection Program:

Along with everyone else, we too have been closely watching the growth of the network Hashrate.

It is of concern to all miners,  particularly to those looking to pre-purchase equipment.  The more time there is between purchase and delivery, the greater the risk that the Hashrate will climb to a point where the miner will never make their money back.

That is the reason behind our Miner Protection Program, and the guarantee we provide is:

If any of our pre-purchase customers has not achieved payback on their investment in HashFast equipment within 90 days* of taking delivery from us, we will support them by providing them with up to 4X the Hashing capacity they originally purchased, free of charge.


The details:

We will give you double the extra capacity you would have needed to break even (up to a maximum of 4x your original purchase). The extra capacity will be chips only, to be used with a HashFast or third party chassis.

*Assuming you have been running your mining rig 24/7, ROI calculated from the daily difficulty level, block arrival rate, and hash rate of equipment delivered.


Eduardo deCastro
Founder and CEO, Hashfast

[papamoi]

that s really interesting

comparing to others who only wants our money for preorders and nre

[Ytterbium]

This is good.  Hopefully KnC will do something similar, if not better.

This will almost certainly come into play, dropping your prices to $14/Gh/s in "November" to $3.5/Gh/s by feb/march.

I guess it also means your profit margins are at least 75%.

[cypherdoc]

This is good.  Hopefully KnC will do something similar, if not better.

This will almost certainly come into play, dropping your prices to $14/Gh/s in "November" to $3.5/Gh/s by feb/march.

I guess it also means your profit margins are at least 75%.

That's the thing.

Even if they try to do the same thing, their  chip production costs should be significantly higher.