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Author Topic: [ANN] NODE Haven - Advanced Blockchain Hardware Provider  (Read 648 times)
NODEhaven
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January 10, 2018, 02:47:49 AM
 #1

Node Haven Mining - "Empowering the Blockchain!"

United States based NODE Haven Mining is currently developing a 7nm ASIC based Bitcoin Miner with Advanced Semiconductor Technologies LTD (AST) http://www.ast.co.il

Engineering and Manufacture of 7nm ASIC Bitcoin Miner along with other planned mining equipment will be funded through an alternative, novel Product Development Vehicle (PDV).

The PDV will initally be funded through the NODE Token Sale and later through sales outside of the PDV. ASIC miners will be reserved using NODE tokens.  The purchase price of miners reserved with NODE tokens will be at Cost + 10%.  The goal is to defeat the cost advantage that current ASIC manufacturers have over all other independent crypto miners.  Please refer to the whitepaper on our website and below for more details.

Attention Bitcoin Maximalist:  We are not an Altcoin scammer.  We are here to build Bitcoin Miners, period.  Selling tokens allows us to forgo the profit-motive that banks and institutions (the mediators) require.  We hope you can see your way around that and support what we are trying to accomplish here.

NODE Haven Website:
http://www.nodehaven.com

If you would like to check progress of our development or would like to help in any way, please visit us at our SLACK or Telegram:

NODE Haven SLACK Channel:
https://join.slack.com/t/nodehaven/shared_invite/enQtMjk4MzA0NjI2NzczLTlhODNlZjQwZGQ1Y2EzZGIyZGY1NmI3NjFmZGYyOTRlOWY5NDExMjdmNzhmZDk1ZGZhYzhmZTQ5ODExNjFhZGM

NODE Haven Telegram:
https://t.me/NODEhaven

NODE Haven Core-Team:
Charles Dusek
LinkedIn https://www.linkedin.com/in/charles-dusek/
Email: cgdusek@nodehaven.com

Michael Bazzi
LinkedIn https://www.linkedin.com/in/mibazzi/
Email: mbazzi@nodehaven.com

E. Ross Hackler
LinkedIn https://www.linkedin.com/in/evan-ross-hackler-60a66673/

Advisory Team:
Pranav Mathuria
Senior ASIC Engineer at Google
LinkedIn https://www.linkedin.com/in/pranav-mathuria-81554b7/

Magnus Dufwa
SmartContract & FullStake C# Developer
LinkedIn https://www.linkedin.com/in/magnusdufwa/]https://www.linkedin.com/in/magnusdufwa/]https://www.linkedin.com/in/magnusdufwa/

Bryan Feinburg
CEO of Etheralabs.io
LinkedIn https://www.linkedin.com/in/bryanfeinberg/

Tudor Stomff
Co-Founder of http://bountyhive.io
LinkedIn https://www.linkedin.com/in/tudor-stomff-a74771bb/

sidehack - Gekkoscience
Builder of 2pac BM1384 Stickminer
https://bitcointalk.org/index.php?topic=1764803.0]https://bitcointalk.org/index.php?topic=1764803.0]https://bitcointalk.org/index.php?topic=1764803.0

Status:
+Technical Partnerships Established
+Whitepaper Finalized
+Website Created
+Advisers Recruited
+Token Coding Complete
+Website revamp complete
+Marketing materials
+Bounty Campaign Running
+Private Pre-Sale Initiated
-Public Sale

Token Sale Dates:
PreSale - Ongoing ($5M Cap)
Main Sale - July 1st - July 21st

1st Medium Article
Title: The Token Sale: A Consumer Co-Operative
https://medium.com/@charlesdusek/the-token-sale-a-consumer-co-operative-9688bbae1f39

2nd Medium Article
Title: The Roman Emperor Problem: ASIC Manufacturer Mediation
https://medium.com/@charlesdusek/the-roman-emperor-problem-asic-manufacturer-mediation-ad2243dfeb3f

3rd Medium Article
Title: Our decision to become a Wyoming Utility Token
https://hackernoon.com/our-decision-to-become-a-wyoming-utility-token-43856212a5ac

4th Medium Article
Title: Marriage of Federal and Wyoming "Utility Token" exemptions
https://hackernoon.com/the-marriage-of-federal-and-wyoming-utility-token-exemptions-d53848a8947f

Problem that NODE Haven is addressing:

The engineering cost to develop single-purpose mining ASICs has led to the formation of niche manufacturers that have also began their own crypto-mining operations.  Mining is especially advantageous for these Bitcoin ASIC manufacturers because they obtain equipment at production cost.  This advantage has allowed certain ASIC manufacturers to influence a large of percentage of total hash-rate and control the distribution of mining equipment.  Ironically, by deciding how many miners are sold to the market and who they are sold to, these ASIC manufacturers are operating as third-party intermediaries. Needless to say, Satoshi could not have foreseen this development when Bitcoin was created.

NODE Haven poses that profit-motive drives the aforementioned centralization of power and any PoW cryptocurrency that is reliant on the hardware that these ASIC manufacturers produce will suffer.  The manufacturers’ financial backing, governance structure and profit-seeking motives drive them to drain value from the associated crypto-currencies that they claim to serve.

In essence, the crypto-currency community is paying a debt to the ASIC manufacturers that invested into the development of the equipment they sell.  The service of this debt is paid in profit-margin and control of how the ASIC equipment is distributed.  In order to circumvent the control that these ASIC manufacturers have, NODE Haven proposes a co-operative business model where crypto-currency mine operators collectively invest in the development of the advanced mining equipment that they need.  This model combats the control that centralized ASIC manufacturers exploit and facilitates the decentralization of PoW cryptocurrencies as intended.



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January 10, 2018, 02:07:52 PM
 #2

A little history on Advanced Semiconductor Technologies LTD (AST)

In 2013 did the 1st BTC ASIC miner on 28nm
In 2014 did the 1st BTC ASIC miner on 20nm and 1st LTC on 28nm.
In 2015 did the 1st BTC ASIC miner on 16nm
During 2016 and 2017 they did several crypto currency projects using advance technologies.

AST is the driving force behind the scenes pioneering the development of Bitcoin ASICs.

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January 11, 2018, 01:32:25 AM
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January 11, 2018, 01:24:48 PM
 #4

The biggest benefit of moving from the 16nm ASIC Bitmain Antminer S9 to a 7nm ASIC Bitcoin Miner is the potential benefit from the 60% better efficiency.  Starting from the S9’s .1 j/GH that puts a 7nm Bitcoin Miner at .04j/GH.  Not to mention the >50% size reduction meaning less silicon for potentially less cost.

“In comparison to 16FF+, TSMC 7nm is said to offer a 3.3x density, 30% speed, and a 60% power improvement.”
https://www.semiwiki.com/forum/content/6662-tsmc-talks-about-22nm-12nm-7nm-euv-e.html
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January 11, 2018, 10:47:15 PM
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January 23, 2018, 02:49:46 AM
 #6

NODE Haven Co-Founder Charles Dusek has written an article in Medium.  We plan to write articles periodically leading up to the token sale.

The article presents Token Sales as being closely related to Consumer Co-Operatives and how this compares to Profit-Seeking Companies.


The Token Sale: A Consumer Co-Operative
https://medium.com/@charlesdusek/the-token-sale-a-consumer-co-operative-9688bbae1f39

As usual, feedback is welcome.

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February 03, 2018, 12:03:05 PM
 #7

Hello guys, I am very excited to see what you guys are up to and wish you luck with the whole process. Do you happen to have any sort of idea on the timeline of this project? When do you think the token sale will take place? Is there anything i can help you with?
NODEhaven
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February 16, 2018, 03:49:42 AM
 #8

Sorry for the late response to the post.  We have been working on building the necessary partnerships, refining the whitepaper and putting together the website.  Our next step is recruitment of advisers and marketing.

Please visit our website to view our whitepaper and join our SLACK or Telegram if you would like to discuss progress.
 
http://www.nodehaven.com
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February 18, 2018, 05:55:45 PM
 #9

So basically you have one engineer that will work on it ? What a load of crap. Looks like a scam to me.
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February 19, 2018, 07:23:50 AM
 #10

Not sure why you are referencing CoinTerra in your whitepaper. Isn't that the company that went bankrupt and could not pay their electricity bill from C7 Data Center in Utah?


Sorry for the late response to the post.  We have been working on building the necessary partnerships, refining the whitepaper and putting together the website.  Our next step is recruitment of advisers and marketing.

Please visit our website to view our whitepaper and join our SLACK or Telegram if you would like to discuss progress.
 
http://www.nodehaven.com
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February 19, 2018, 07:37:11 AM
 #11

Nice project, only that am just skeptical about this whole shit
NODEhaven
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February 22, 2018, 02:54:42 AM
 #12

So basically you have one engineer that will work on it ? What a load of crap. Looks like a scam to me.

I am the engineer you are referring to and this is my Bitcointalk account.  If you are ever in Houston, TX lets sit down.

We are fully supported through the engineering staff at Advanced Semiconductor Technologies LTD and those sub-contracted as stated on the website and in the whitepaper.  There are also a select group of advisers that includes an additional ASIC Engineer that will be announced shortly.

Please come visit us at our SLACK or Telegram if you would like to discuss any concerns.  We are always there.
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February 22, 2018, 03:02:48 AM
 #13

Not sure why you are referencing CoinTerra in your whitepaper. Isn't that the company that went bankrupt and could not pay their electricity bill from C7 Data Center in Utah?


Sorry for the late response to the post.  We have been working on building the necessary partnerships, refining the whitepaper and putting together the website.  Our next step is recruitment of advisers and marketing.

Please visit our website to view our whitepaper and join our SLACK or Telegram if you would like to discuss progress.
  
http://www.nodehaven.com

We understand your concern with the reference to Cointerra. NODE Haven believes we can learn from the mistakes of others so as to not repeat them. There are many Bitcoin ASIC companies that have gone bankrupt due to various reasons of which we have studied so as elevate our company with firm foundation and long term viability.  

For your comfort (and quite frankly, our own comfort), we have zero connection with Cointerra. We reference their development timeline to give a concrete example of the production process with AST.

We are open to editing our Whitepaper on the base of proper reasoning. We take the position that referencing the completed and successful development timeline is beneficial, as it makes our project more tangible for observers of our project.

Happy to discuss this further if you would like! Join us on Slack or Telegram and just mention this thread. Invite links can be found as soon as you enter in www.nodehaven.com.
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February 22, 2018, 05:20:53 PM
 #14

Have been following NODE Haven for a while, and have been fortunate enough to be given various bits of information, including emails from the foundries and similar.

Certainly seem a lot more transparent than many other setups out there.
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February 25, 2018, 07:35:16 AM
 #15

So basically you have one engineer that will work on it ? What a load of crap. Looks like a scam to me.

Scams usually don't show that much transparency Wink I've been following this discussion since it initially started in December on thebitcoin.pub and for me this is definitely not a scam, if you're in for some reading check out this link https://thebitcoin.pub/t/build-your-own-asic-miner/14173/182.

I'm following the discussion on Slack and Telegram on a daily basis and I must say I'm really exited about this.



LinkedIn: https://www.linkedin.com/in/wfkegel/
NODEhaven
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February 27, 2018, 06:58:07 PM
 #16

We have posted another article on Medium that describes what we coin as the "Roman Emperor Problem".  The article goes over how ASIC manufacturers have a built in advantage when it comes to mining.  The ASIC provider has control over when advancement happens, is able to mine with the equipment before releasing it to the public and are able to act as mediators of the supply of hash-rate on the blockchain.

The Roman Emperor Problem: ASIC Manufacturer Mediation
Author: Charles Dusek, Co-Founder of NODE Haven
https://medium.com/@charlesdusek/the-roman-emperor-problem-asic-manufacturer-mediation-ad2243dfeb3f

Don't forget to read our other article listed in the 1st post on this thread.
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March 08, 2018, 09:46:43 PM
 #17

I really don't like Token sales / ICOs, becuase most are scams, but this one seems to be interesting because it actually solves mining problems, and seems that the only way to fund this (without physical collateral) is through the token sale. The problem is, because of all the ICO scams, it's really hard for investors to trust ICOs...

I would strongly recommend a prototype demo before any token sale for mass-production.

Keeping an eye on this one.

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March 09, 2018, 01:46:54 PM
 #18

Been watching this project for a wile now. Will be happy to keep an eye on it and see where things go.
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March 11, 2018, 01:38:51 AM
 #19

Thanks for the encouragement.  NODE Haven feels very strongly about our mission and I have been full-time on this project since December 2017. It has been a lot of fun building this from just an idea to where it stands now.  It has also been very lonely work at times, but we have pushed through each successive barrier and have bootstrapped everything to date.  We understand what is at stake and have been working very hard to do the project justice and successfully relaying our message to the community.

Most of the other advanced node projects we have been informed of are being done by private groups that are producing ASICs that will only be used within their facilities.  As Bitcoin price rises the incentive grows for these private companies to mine with their own ASIC rather than distribute them to the public.  Also, the ASIC manufacturers that are profit-driven will be selling the equipment based on ROI rather than Cost+%.  This means even if they do sell when BTC price rises as expected, the ROI will be diminished.  NODE Haven will never mine with equipment outside of testing before the token holders receive their equipment.

Our goal is to allow you to compete with ASIC manufacturers that also mine by giving the latest technology at or below Cost+10%.  This is accomplished using a set of equations that is the Product Development Vehicle (PDV).  The cost per miner will also get lower over time due to storage of profit in the PDV from unreserved miner sales.  The profit from outside sales will pay for part of the miner driving the cost per miner reserved with NODE token lower than the cost to produce the miner.  Please refer to the whitepaper for details on the PDV.

I have an engineering and finance background, so if there is any trouble understanding how this works I can post a base-case or you can come visit us on SLACK or Telegram and I can walk you through it.  I consider the PDV to be just as innovative as the any chip we will develop.  In addition, we will also be releasing a roadmap and be transparent about our upcoming projects.  The 7nm BTC ASIC is only the beginning.  We plan GPUs, LTC as well as other algorithms.  We also have our sites on 5nm BTC ASIC and with that coming possibly by 2020.  All of which may use the same controller and machines as the hash-boards will be interchangeable.

We understand that you want a NODE Haven prototype and barring the cost we believe we have the next best thing.  Our team has successfully developed multiple commercial Bitcoin miners.  As a requirement, any technical group that we teamed up with would need to show extensive experience in taking the Bitcoin ASIC and moving it to the most advanced process node.

That is why we chose to team up with Advanced Semiconductor Technologies LTD who was the first to produce 28nm BTC ASIC, 20nm BTC ASIC and the 16nm BTC ASIC.  There are more developments, but these we have permission to disclose.  Their reputation is at stake and NODE Haven isn't taking this lightly.

As far as funding, we were initially approached back in December by VC funding to take a private route with the project.  We decided against that because it would perpetuate problems that exist within the industry.  The issues we are addressing are the result of centralized companies controlling a decentralized crypto-currency's hardware.  By taking the the VC route they would have required us to seek maximum profit by mining with equipment before releasing them to the public.  Our idea was to give the token holder that value in a construct very similar to the consumer co-operative rather than the principals and investors of VC/Private equity firm.

The whitepaper and Medium articles outline how the PDV token sale allows us to focus on making products cheaper, more reliable and at the highest performance without profit-motive.  The margin between the production/allocated engineering per miner and the market price of the equipment is stored in the token rather than a share holders pocket.

As an update, we have added two more advisors a couple of weeks ago and are currently finalizing paperwork with 3 other advisors.  Those 3 advisors are part of a group that includes an Ex-CEO of electronics manufacturer that is currently working 16 blockchain projects.

The two added advisors are:
Pranav Mathuria - Senior ASIC Engineer currently at Google
Magnus Dufwa - Software and SmartContract Developer

We will disclose the other advisors soon.  Thanks for your interest and together we will Empower the Blockchain.
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March 30, 2018, 12:06:49 AM
 #20

We are grateful to announce that the following advisors have been added to the NODE Haven advisory team.  

The revamped website will be posted soon and marketing will begin shortly thereafter of the presale.  May have one or two more technical advisors joining up.  Marketing plan is staged and ready to execute.

Bryan Feinburg
CEO of Etheralabs.io
LinkedIn https://www.linkedin.com/in/bryanfeinberg/

Tudor Stomff
Co-Founder of http://bountyhive.io
LinkedIn https://www.linkedin.com/in/tudor-stomff-a74771bb/

sidehack - Gekkoscience
Builder of 2pac BM1384 Stickminer
https://bitcointalk.org/index.php?topic=1764803.0]https://bitcointalk.org/index.php?topic=1764803.0]https://bitcointalk.org/index.php?topic=1764803.0
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