2GH NinjaStick USB Miner powered by Bitfury

[bigbeninlondon]

0.5BTC/Gh/s in October?

Might be a fun toy ~1btc, but anyone paying 100BTC would be taking a huge risk in their ability to resell them for a profit, and they certainly wouldn't be very worthwhile to use in a big mining op.

ASICMINER has already Fucked people over 4 times and counting with their USB sticks... I think the suckers are getting wise...

Wait, you mean when they offered me a price and I agreed to pay it, they were actually fucking me over?  I didn't even realize...

[1714124996]

1714124996

[1714124996]

1714124996

[MWNinja]

It takes a good heatsink to really push the bitfury chip, so....

[crazy_rabbit]

We're doing everything we can to get the price down as low as possible, but please have reasonable expectations as we can't sell them for less than the chips cost, plus theres a bunch of other parts, board, heatsink, and NRE costs that we have to recover.  These small units aren't going to have the world's best ROI, you can only get that promise when you buy $5k worth of vaporware.  Real things in hand cost more than powerpoint slides and renderings. 

Anyhow we are trying to keep a sub $100 price point to give entry level miners some meaningful hashrate.

Hmm, I don't like your comment very much. ASICMINER USB sticks, a real product from a real competitor, is existing competition to your vaporware. Furthermore, and I can't believe this is not obvious, your production costs do not matter to the buyer and should not factor into their expectations.

There's the Bitcoin spirit. Treat hobbyist's like big faceless corporations.

[SpaceCadet]

Interested - when the BTC/GH comes down a bit...

[Xian01]

Really looking forward to filling my USB hubs with these when they become available. Great work !

[Damnsammit]

Excited about this! 

[MadHasher]

It takes a good heatsink to really push the bitfury chip, so....

https://i.imgur.com/dmPlOyWl.jpg

... put one of those on them?

[kevinm]

So this means that Bitfury is releasing design documents necessary for creating our own PCB gerbers???  Is anyone working 10x or 16x boards for these bitfurry chips? 

If only things were that simple.
You have to buy sample chips, design your own board & firmware around the chip. Either that or pay someone else a licensing feeThen you may have to pay someone else to de-bug your code. Then you have to pay through the nose for small quantities of components, PCB's and search around for an SMT factorywho are willing to run your small amount   

cheers,
kev

[FullLife]

0.5BTC/Gh/s in October?

Might be a fun toy ~1btc, but anyone paying 100BTC would be taking a huge risk in their ability to resell them for a profit, and they certainly wouldn't be very worthwhile to use in a big mining op.

ASICMINER has already Fucked people over 4 times and counting with their USB sticks... I think the suckers are getting wise...

They haven't fucked anyone over. they gave you a price and you paid it. They are the ONLY ones who have been relyable for delivery. They can't save you from your buying practices. When the Playstation 3 first came out how much was it? How many price decreases has their been? You want it first you pay a premium. As time goes on and sales drop they adjusted the price accordingly.

I couldn't agree more.  You can't blame anyone but yourself for a bad decision YOU made.

[Philj6970]

Please dont offset the USB connector to one side, put it in the middle or you maybe shutting out the use of a USB socket to the side of the device.  That is unless the proposed device is so big that its going to do that anyway?...

[bitwhizz]

watching

[CobaltBlueD]

It takes a good heatsink to really push the bitfury chip, so....

How goes the battle?  Making progress on producing the stick?

[intron]

So this means that Bitfury is releasing design documents necessary for creating our own PCB gerbers???  Is anyone working 10x or 16x boards for these bitfurry chips?  

16x
https://bitcointalk.org/index.php?topic=228677.msg2796663#msg2796663

2x
https://bitcointalk.org/index.php?topic=228677.msg2974755#msg2974755
https://bitcointalk.org/index.php?topic=228677.msg3033766#msg3033766

intron

[Roy Badami]

We're doing everything we can to get the price down as low as possible, but please have reasonable expectations as we can't sell them for less than the chips cost, plus theres a bunch of other parts, board, heatsink, and NRE costs that we have to recover.  These small units aren't going to have the world's best ROI, you can only get that promise when you buy $5k worth of vaporware.  Real things in hand cost more than powerpoint slides and renderings. 

Anyhow we are trying to keep a sub $100 price point to give entry level miners some meaningful hashrate.

Hmm, I don't like your comment very much. ASICMINER USB sticks, a real product from a real competitor, is existing competition to your vaporware. Furthermore, and I can't believe this is not obvious, your production costs do not matter to the buyer and should not factor into their expectations.

But ASICMINER USB sticks are 335MH/s which in today's environment is not a 'meaningful hashrate'.  Sure, you can build a farm of them (and I have nothing against them - I have four of them mining myself) but it's not direct competition.

Are there any other USB sticks that offer multi-GH/s hashrates?

roy

[MWNinja]

So this means that Bitfury is releasing design documents necessary for creating our own PCB gerbers???  Is anyone working 10x or 16x boards for these bitfurry chips?  

16x
https://bitcointalk.org/index.php?topic=228677.msg2796663#msg2796663

2x
https://bitcointalk.org/index.php?topic=228677.msg2974755#msg2974755
https://bitcointalk.org/index.php?topic=228677.msg3033766#msg3033766

intron

I like the microcontroller you used on the 2x usb miner, but it also means nobody will be mass producing them until next year unless you can magically make NXP fix the shortage.

[ssi]

So this means that Bitfury is releasing design documents necessary for creating our own PCB gerbers???  Is anyone working 10x or 16x boards for these bitfurry chips?  

16x
https://bitcointalk.org/index.php?topic=228677.msg2796663#msg2796663

2x
https://bitcointalk.org/index.php?topic=228677.msg2974755#msg2974755
https://bitcointalk.org/index.php?topic=228677.msg3033766#msg3033766

intron

10x

https://bitcointalk.org/index.php?topic=228677.msg2981720#msg2981720

[mokahless]

Price needs to be:

Deliver by end of |	price per unit (BTC)
Sept	0.50
Oct	0.35
Nov	0.25
Dec	0.2

This is price before shipping, rounded up to the nearest 0.05th of a BTC and based on my current 6-month profitability projections. The more profit-oriented will order larger amounts, while those ordering a single unit will be happy with the chance to get their money back in the following 10-12 months after delivery charges are taken into account.

I like the USB port being staggered to one side because it will play nicely with half the USB ports, depending on your luck. Better than putting it in the middle and blocking both ports or blocking one port 100% of the time.. It also will play nicely with most USB hubs.

I like the idea and the initiative but if you cannot lower the prices to an acceptable level by lowering your costs, then obviously it may not turn out to be a good business for you.

[ssi]

Price needs to be:

Deliver by end of |	price per unit (BTC)
Sept	0.50
Oct	0.35
Nov	0.25
Dec	0.2

This is price before shipping, rounded up to the nearest 0.05th of a BTC and based on my current 6-month profitability projections. The more profit-oriented will order larger amounts, while those ordering a single unit will be happy with the chance to get their money back in the following 10-12 months after delivery charges are taken into account.

I like the USB port being staggered to one side because it will play nicely with half the USB ports, depending on your luck. Better than putting it in the middle and blocking both ports or blocking one port 100% of the time.. It also will play nicely with most USB hubs.

I like the idea and the initiative but if you cannot lower the prices to an acceptable level by lowering your costs, then obviously it may not turn out to be a good business for you.

It's working out ok for ASICMiner, ROI notwithstanding

[bcp19]

0.5BTC/Gh/s in October?

Might be a fun toy ~1btc, but anyone paying 100BTC would be taking a huge risk in their ability to resell them for a profit, and they certainly wouldn't be very worthwhile to use in a big mining op.

ASICMINER has already Fucked people over 4 times and counting with their USB sticks... I think the suckers are getting wise...

They haven't fucked anyone over. they gave you a price and you paid it. They are the ONLY ones who have been relyable for delivery. They can't save you from your buying practices. When the Playstation 3 first came out how much was it? How many price decreases has their been? You want it first you pay a premium. As time goes on and sales drop they adjusted the price accordingly.

I couldn't agree more.  You can't blame anyone but yourself for a bad decision YOU made.

I never bought any, so I made no bad decisions.

[MWNinja]

Price needs to be:

Deliver by end of |	price per unit (BTC)
Sept	0.50
Oct	0.35
Nov	0.25
Dec	0.2

This is price before shipping, rounded up to the nearest 0.05th of a BTC and based on my current 6-month profitability projections. The more profit-oriented will order larger amounts, while those ordering a single unit will be happy with the chance to get their money back in the following 10-12 months after delivery charges are taken into account.

I like the USB port being staggered to one side because it will play nicely with half the USB ports, depending on your luck. Better than putting it in the middle and blocking both ports or blocking one port 100% of the time.. It also will play nicely with most USB hubs.

I like the idea and the initiative but if you cannot lower the prices to an acceptable level by lowering your costs, then obviously it may not turn out to be a good business for you.

The main cost driver is Bitfury and their selling practices/pricing.  I'm expecting a price-war soon enough on the ASICs, and we are doing everything we can do shrink our costs on the BOM.  Megabigpower is currently selling 1 chip @ 1BTC.  Cost per GH on low density devices will soon hit a floor anyhow, even friedcat has to pay his vendors and all. Worst case I make a few hundred of them for me and my friends, my motivation is for personal fun and education, as well as making a contribution to the community. As always we will keep things open and transparent.