25 TH/s ASIC miner?

[BitcoinBarrel]

the 25 TH/s figures are when the device is running at melting point

[pedrog]

I would stay away from them. Just like Butterfly labs this company that sells the units wants the money up front for pre orders. It smells like a scam to me. I emailed them and they told me they are doing a crowd funding thing. I feel if a company wants to do crowd funding go to Kickstarter and collect small donations don't put up a store that looks like they are available and collect the full price of a unit that doesn't and most likely will never exist!

If you want to buy a ASIC unit go on Craigslist or Bitmit or Coingig and buy one that already exists that can be shipped at time of purchase. Stop falling for these pre order scams it's starting to get ridicules!

Not a scam:

http://www.easic.com/vmc-uses-easic-to-achieve-24-756-ths-bitcoin-miner/

[Dave90210]

I'm still not convinced! It's a press release anyone can send out a press release. I want to see one running at 25 therhash. If this company can build a unit that can generate that kind of hashing power why the hell would you sell it to the public! Selling units that powerful will make it impossible for anyone else to mine. Just a few of these on the market will cause the difficulty to go through the roof which will make those powerful units not profitable! The only logical and business wise thing to do is for them to mine themselves!

I would stay away from them. Just like Butterfly labs this company that sells the units wants the money up front for pre orders. It smells like a scam to me. I emailed them and they told me they are doing a crowd funding thing. I feel if a company wants to do crowd funding go to Kickstarter and collect small donations don't put up a store that looks like they are available and collect the full price of a unit that doesn't and most likely will never exist!

If you want to buy a ASIC unit go on Craigslist or Bitmit or Coingig and buy one that already exists that can be shipped at time of purchase. Stop falling for these pre order scams it's starting to get ridicules!

Not a scam:

http://www.easic.com/vmc-uses-easic-to-achieve-24-756-ths-bitcoin-miner/

[pedrog]

I'm still not convinced! It's a press release anyone can send out a press release. I want to see one running at 25 therhash. If this company can build a unit that can generate that kind of hashing power why the hell would you sell it to the public! Selling units that powerful will make it impossible for anyone else to mine. Just a few of these on the market will cause the difficulty to go through the roof which will make those powerful units not profitable! The only logical and business wise thing to do is for them to mine themselves!

I would stay away from them. Just like Butterfly labs this company that sells the units wants the money up front for pre orders. It smells like a scam to me. I emailed them and they told me they are doing a crowd funding thing. I feel if a company wants to do crowd funding go to Kickstarter and collect small donations don't put up a store that looks like they are available and collect the full price of a unit that doesn't and most likely will never exist!

If you want to buy a ASIC unit go on Craigslist or Bitmit or Coingig and buy one that already exists that can be shipped at time of purchase. Stop falling for these pre order scams it's starting to get ridicules!

Not a scam:

http://www.easic.com/vmc-uses-easic-to-achieve-24-756-ths-bitcoin-miner/

Is this the reason the $/฿ price dropped like 10% over the last few hours?

If this thing is real, i would suspect your theory is correct.  They will be taking a shitload of money out of the BTC economy!  Ouch!

Imagine if they build themselves a dozen or more?  

This particular setup isn't any different than just buying 13 CoinTerra TerraMiner IV's at $13k each. That will set you back $169k for 26 TH, shipping in December.

The VMC Fast-One Platinum 25 TH will cost $353k (you need 6 expansion cases), and it also ships in December.

They must be targeting this at people who don't know how to use Google...


PS: Faster mining doesn't affect the price of BTC. 25 BTC's are generated every 5 to 10 minutes, regardless of the speed of the network. Fast mining just affects other miners.

They ship in january. Also you need a powerline that can supply 20kWatt.... Their machines are way overpriced for the performance they are bringing imho

It's about 14,2 dollars/GHash with VMC, but that CoinTerra business is a lot better...

I guess it's about who can deliver on time.

Plus:

http://www.crunchbase.com/company/easic

And:

Recent scholarship confirms that merchants made far more money than miners during the Gold Rush.[90][91] The wealthiest man in California during the early years of the rush was Samuel Brannan, the tireless self-promoter, shopkeeper and newspaper publisher.[92] Brannan opened the first supply stores in Sacramento, Coloma, and other spots in the gold fields. Just as the rush began he purchased all the prospecting supplies available in San Francisco and re-sold them at a substantial profit.[92] However, some gold-seekers too made substantial money. For example, within a few months in 1848, one small group of prospectors working on the Feather River retrieved a sum of gold worth more than $3 million by 2010 prices

http://en.wikipedia.org/wiki/California_Gold_Rush#Profits

ASIC companies are the supply stores for bitcoin miners.

[thefunkybits]

I'm still not convinced! It's a press release anyone can send out a press release. I want to see one running at 25 therhash. If this company can build a unit that can generate that kind of hashing power why the hell would you sell it to the public! Selling units that powerful will make it impossible for anyone else to mine. Just a few of these on the market will cause the difficulty to go through the roof which will make those powerful units not profitable! The only logical and business wise thing to do is for them to mine themselves!

I would stay away from them. Just like Butterfly labs this company that sells the units wants the money up front for pre orders. It smells like a scam to me. I emailed them and they told me they are doing a crowd funding thing. I feel if a company wants to do crowd funding go to Kickstarter and collect small donations don't put up a store that looks like they are available and collect the full price of a unit that doesn't and most likely will never exist!

If you want to buy a ASIC unit go on Craigslist or Bitmit or Coingig and buy one that already exists that can be shipped at time of purchase. Stop falling for these pre order scams it's starting to get ridicules!

Not a scam:

http://www.easic.com/vmc-uses-easic-to-achieve-24-756-ths-bitcoin-miner/

Everyone is going to be shocked when this becomes a reality
They are working with eASIC to go straight to 28 nm.
eASIC has worked Microsoft and Seagate, so this announcement is HUGE

They will be running a public mining farm with dividends paid out to shareholders (Similar to ASICMINER business model)
Shares can be bought here:

https://btct.co/security/ACTIVEMINING

[dbbit]

Everyone is going to be shocked when this becomes a reality

You're right. I would indeed be shocked if a new player can come late to the market and manage to sell something at twice the price-point of their competitors...

VMC doesn't have any better technology than Cointerra or Hashfast. They just put a bunch of chips in 6 different boxes, but selling it as a single SKU, and now everybody is going all ooo and aahhh.

[bg002h]

Wow you must be rich now if you held onto those! How long ago where you mining at that rate? 

Sure, eventually there will be 100 TH/s miners.

Yikes. We need to get said devices distributed widely then. Gone are the days of my laptop generating 50-200 bitcoins a day...

I got in about a week before a big difficulty jump. Blocks were being found rather fast. I mined for about a week, on and off. I generated ฿200 overnight once (which I still think is crazy...but I'm rather glad for it! http://uofr.net/~bcg/a.jpg). I generated about ฿400 ish. I "wasted" almost $20 on bitcoin on bitcoinmarket.com buying around 200-ish btc. I've got more than half of it left, but, I sold a bunch in April. I'm lucky to have gotten what I've got for essentially nothing.

I mined because I believed in the idea of Bitcoin, not because it made sense economically. I'm glad I, and others, participated at various times to keep it going, even before there was a monetary value (in fiat). It's also good that there are many like me who pitched in for a short time, getting something to keep motivated to participate in the community, but not getting so much so as to ensure few people got anything.

[erk]

$18,560 per day return.  Not bad.  I wonder what the cost is?

That's a significant fraction of the mining power of the network...

Do you think they meant GH/s?

Not really, the net hash is currently 950TH/s  could hit 1PH/s in the next few days. In a few months 25TH/s will be  trivial.

[xan_The_Dragon]

Whats next a petahash miner?

[Dalkore]

Whats next a petahash miner?

Yes, we will likely see those.  Those will likely be a more high-end unit for major hashing operations.


-D

[bitterdog]

seems legit