Bitburner Fury - Hashrate Protection

[FlappySocks]

Kind of irrelevant how much the competition is charging.  The ROI margins are too tight on everything right now.  Just not worth the gamble for at best a small return.

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[zulover]

Kind of irrelevant how much the competition is charging.  The ROI margins are too tight on everything right now.  Just not worth the gamble for at best a small return.

yes i know what you mean

[shapemaker]

Kind of irrelevant how much the competition is charging.  The ROI margins are too tight on everything right now.  Just not worth the gamble for at best a small return.

It is far from irrelevant, since they justify their pricing by showing how much better they are than the competition - except that is a big IF. No guarantee means their unit is actually worse than the BFSB one. Even more worrying than the ROI is how cryptx just refuses to answer these questions, and doesn't even acknowledge them with a "I'll get back to that later".

Straight out of Avalon's playbook.

[FlappySocks]

It is far from irrelevant, since they justify their pricing by showing how much better they are than the competition

Yeah, but I wasn't going to buy from the competition anyway.

The reality is, it's a sellers market.  There are a lot of suckers out there, itching to buy into the gold rush.  For all we know, the Cryptx order books are now full up.  If not, they have two options.  Lower the price, or hash the surplus supplies themselves.

[eneloop]

yep, no chance for break even. mining is dead. buy some coins instead.

[FlappySocks]

Indeed.  Look at the folk with KNC pre-orders.  Doesn't look like they will ROI now. When they opened their order books, it looked like a cash cow. At best they will now make a tiny profit.

Some of them are debating on taking a refund. Will KNC care?  No.  They got an interest free loan to start a business, making money printing machines.

[shapemaker]

cryptx, I'm waiting for your answers to my questions in the previous post. Your lack of an answer to any of those valid questions is very worrying. Also your comparison to the competition's product doesn't hold water unless you can guarantee the hashrate your own unit delivers, and if you can't make that guarantee _and_ you won't compensate for less-than-stated performance then your unit is way less desirable than the BFSB one.

Simple:

• do you guarantee that your 8-board "mining cluster" hashes at least at 512 Ghash/s?
• do you add extra boards to the "mining cluster" to satisfy the 512 Gh/s stated goal?

edit: I see you're online, cryptx, but not answering questions. Why?

Last Active:    Today at 23:22:12

cryptx, you're still online and not answering these questions. I'm sure you've already seen either this, or my PM or my email. But no answer. Why?

I would advise people to be cautious of this new "512 Ghash/s" unit as I don't see any kind of a guarantee that you actually get what you pay for.

[mmitech]

here what burnin said  https://bitcointalk.org/index.php?topic=179769.msg3162060#msg3162060

[tigerbit]

Very disappointed.  Excessive markup has killed it for me.  How did such a noble cause of open sourcing community hardware end up here with a greedy monopoly?

[RoadStress]

Very disappointed.  Excessive markup has killed it for me.  How did such a noble cause of open sourcing community hardware end up here with a greedy monopoly?

Over night

[EzCheese]

Greed. 

Very disappointed.  Excessive markup has killed it for me.  How did such a noble cause of open sourcing community hardware end up here with a greedy monopoly?

[newguy05]

Each board will have a performance of 40 to 80 GH/s (best demonstrated 64 Ghash/s).

is this a fucking joke? what is the guaranteed performance? is it 40GH or 80GH? 

Imagine if the world is like this, i am selling a $30k car it could be a kia or a mercedes,  i am selling a $1000 plane ticket, it may take you to china or africa.

wtf, most clueless asic sell ad of the year.

[mgio]

Let's do a comparison:

I'm sure I'm missing some, who is shipping now or shipping in October that is in the mid to 100GH hashing range?


1.  BB Fury:        40/60/80 GH    $1000    (shipping oct)
2.  BFL      :       50GH              $4,600   (hahahah)
3.  KNC     :       100GH             $2,000   (no longer available/shipping oct)
4.  Tarrahash:     18GH              $900     (sold out and are these shipping?)
5.  Erupter blade  10GH              $650     (shipping now)

 

too expensive

$1000 for 40-80 ghash isn't even worth risking.

Why is this overpriced? Megabigpower charges $8000 for an October delivery 400 GH/s kit. This looks like it will only be $5000-$6000 for the same thing.

It's similar in price to HashFast's 400GH/s miner, but that won't ship till the last week of October and they have yet to demonstrate that they have working hardware.

Here are my comparions for a US customer. I've listed the total amount including shipping for a 400GH/s device that will be delivered in October:

1. KNC Jupiter 400GH/s (sept/oct order that will likely ship in oct)      $7,131.80
2. HashFast Baby Jet 400GH/s (ships oct 21-28)                              $5,769.57 (bitcoins only)
3. BitFury 16-board kit 400GH/s (oct delivery from megabigpower)      $8,000.00
4. BFL (nothing available)
5. ASIC Miner (nothing available thats even remotely competitive)
6. Avalon (nothing available)
7. Bitburner Fury 320-640GH/s early oct                                           $7,475.00

As you can see the price is very competitive especially when you take the following into account:

- You can't order a KNC Jupiter for October delivery anymore. They are already sold out. They have no proof of working machines yet (as far as I know) so it wouldn't be too surprising if they don't ship on time.
- The HashFast Baby Jet won't ship until the very end of October. They also don't have proof of working machines either and could likely be delayed. I think their tape out was scheduled to be Aug 31 or so which is a very short time to have working machines.
- The bitfury chips actually exist and are working.
- The Bitburner Fury machine is the only one that seems like it will be easily overclockable. I would be surprised iif it isn't capable of 500-600GH/s. The HashFast may be overclockable too but no one knows yet.

Disclaimer: I have KNC, HashFast, BitFury (from megabigpower), Bitburner Fury, and BFL machines on order

[FlappySocks]

The prices may be all similar, but that doesn't mean to say they will ROI.
It just means people are willing to pay those prices.

[EzCheese]

That's the big one, ROI.  I wish people would stop paying those prices, then vendors would be forced to sell cheaper.  Greed is very much in favor of the vendors until the mining bubble pops. 

The prices may be all similar, but that doesn't mean to say they will ROI.
It just means people are willing to pay those prices.

[EzCheese]

At least you're covering all bases, lucky dog on which ever pans out. 

Let's do a comparison:

I'm sure I'm missing some, who is shipping now or shipping in October that is in the mid to 100GH hashing range?


1.  BB Fury:        40/60/80 GH    $1000    (shipping oct)
2.  BFL      :       50GH              $4,600   (hahahah)
3.  KNC     :       100GH             $2,000   (no longer available/shipping oct)
4.  Tarrahash:     18GH              $900     (sold out and are these shipping?)
5.  Erupter blade  10GH              $650     (shipping now)

 

too expensive

$1000 for 40-80 ghash isn't even worth risking.

Why is this overpriced? Megabigpower charges $8000 for an October delivery 400 GH/s kit. This looks like it will only be $5000-$6000 for the same thing.

It's similar in price to HashFast's 400GH/s miner, but that won't ship till the last week of October and they have yet to demonstrate that they have working hardware.

Here are my comparions for a US customer. I've listed the total amount including shipping for a 400GH/s device that will be delivered in October:

1. KNC Jupiter 400GH/s (sept/oct order that will likely ship in oct)      $7,131.80
2. HashFast Baby Jet 400GH/s (ships oct 21-28)                              $5,769.57 (bitcoins only)
3. BitFury 16-board kit 400GH/s (oct delivery from megabigpower)      $8,000.00
4. BFL (nothing available)
5. ASIC Miner (nothing available thats even remotely competitive)
6. Avalon (nothing available)
7. Bitburner Fury 320-640GH/s early oct                                           $7,475.00

As you can see the price is very competitive especially when you take the following into account:

- You can't order a KNC Jupiter for October delivery anymore. They are already sold out. They have no proof of working machines yet (as far as I know) so it wouldn't be too surprising if they don't ship on time.
- The HashFast Baby Jet won't ship until the very end of October. They also don't have proof of working machines either and could likely be delayed. I think their tape out was scheduled to be Aug 31 or so which is a very short time to have working machines.
- The bitfury chips actually exist and are working.
- The Bitburner Fury machine is the only one that seems like it will be easily overclockable. I would be surprised iif it isn't capable of 500-600GH/s. The HashFast may be overclockable too but no one knows yet.

Disclaimer: I have KNC, HashFast, BitFury (from megabigpower), Bitburner Fury, and BFL machines on order

[iikun]

From the newsletter:

All orders made by Bitburner XX customers in the first 24 hours after launch will be placed in front of the public queue. This means your order will come in front of public orders even if public orders are made at www.asic-hardware.com before you.

So you give a 24hr window to upgrade our orders, then you run away & hide, not answering the many questions people have asked here. It doesn't exactly fill me with confidence & I won't be ordering unless you start addressing people's concerns in the next 10 minutes, given that the 24hr period is up in around that time.

Also, people are asking about the refund situation over on Burnin's thread:
Please clarify this as it is clear that Burnin himself confirmed that shipping would be refunded 100%

More details on the refunds:
Shipping - 100%
VAT - will be calculated and refunded partially
Power supplies - 100%
BitBurner Boards - 50%
Stacking Cables - 50%
 
New thread for BitFury related questions: https://bitcointalk.org/index.php?topic=283992.new#new

Does this still hold up, or did burnin decide to go back on his word and take the entire order as the calculation basis?

The wording from the cryptx newsletter sounds a lot like this  is the case.

50% Refund of your entire order by mid-October

[cryptx]

We are very busy answering all emails.

The 50% refund is a minimum and Burnin can decide later on what the exact figure will be.
If he wants to refund 100% of the shipping/power supplies, he can still do so.

[iikun]

We are very busy answering all emails.

The 50% refund is a minimum and Burnin can decide later on what the exact figure will be.
If he wants to refund 100% of the shipping/power supplies, he can still do so.

thank you for the reply, even though it's still not exactly clear what will happen.

However, the main issue is still the price. If you dropped the price 100euro a board I would happily order 2 boards. At the original price my order will be 0 boards. It's up to you  

[shade88]

Is the board ready? Any chance for video of the board hashing away since first week of Oct is about 2 weeks away?