Bitburner Fury - Hashrate Protection

[FlappySocks]

The board will clock between 40 and 80Ghs and 64 GHs with BitFury chips has been demonstrated.  I ordered in good faith that I will get a 64 GHs.

[alfabitcoin]

The board will clock between 40 and 80Ghs and 64 GHs with BitFury chips has been demonstrated.  I ordered in good faith that I will get a 64 GHs.

I wish you and others get the boards at 80ghs! They have a single chip hashing at 4ghs, its still a long way to go. However, wish you all the best

[RoadStress]

The board will clock between 40 and 80Ghs and 64 GHs with BitFury chips has been demonstrated.  I ordered in good faith that I will get a 64 GHs.

I'm still waiting for a proof of that!

[creativex]

Cross Post

We can surely do that.

We are very busy making all arrangements for the deployment of the first 20 TH/s.
 
The design of the board is finished, some tests with a full prototype are still left to do. This is a final check that has to be done before we order all the boards. We could already order the PCB’s now, but we want to make 100% sure there are no mistakes made there.

The Bitfury chips we have ordered are ready to be picked up this Friday! We will have them perfect on schedule.

In the meantime we are also setting up our datacenter, so everything is ready when the assembled boards arrive.

We will be back with more info shortly.

https://bitcointalk.org/index.php?topic=280570.msg3167570#msg3167570

IOW, there's no incentive to sell products at a reasonable price, because cryptx will simply deploy those that do not sell to his mine. This is what ASICMiner and bitfury are doing as well and it virtually guarantees that products are sold at prices that will not return much(if any) profit to investors.

[bitcoiner49er]

So IF we get these by Mid-Oct and IF they can hash 80 GH/s for a full 12 months, we MIGHT see 8-10BTC out of them?

[shapemaker]

Cross Post

We can surely do that.

We are very busy making all arrangements for the deployment of the first 20 TH/s.
 
The design of the board is finished, some tests with a full prototype are still left to do. This is a final check that has to be done before we order all the boards. We could already order the PCB’s now, but we want to make 100% sure there are no mistakes made there.

The Bitfury chips we have ordered are ready to be picked up this Friday! We will have them perfect on schedule.

In the meantime we are also setting up our datacenter, so everything is ready when the assembled boards arrive.

We will be back with more info shortly.

https://bitcointalk.org/index.php?topic=280570.msg3167570#msg3167570

IOW, there's no incentive to sell products at a reasonable price, because cryptx will simply deploy those that do not sell to his mine. This is what ASICMiner and bitfury are doing as well and it virtually guarantees that products are sold at prices that will not return much(if any) profit to investors.

That explains a lot. Thanks for the information.

Yet another centralizer. No wonder things are going south. burnin, I have to say that the choice of your distributor has been, ehm, not so good.

[mmitech]

Cross Post

We can surely do that.

We are very busy making all arrangements for the deployment of the first 20 TH/s.
 
The design of the board is finished, some tests with a full prototype are still left to do. This is a final check that has to be done before we order all the boards. We could already order the PCB’s now, but we want to make 100% sure there are no mistakes made there.

The Bitfury chips we have ordered are ready to be picked up this Friday! We will have them perfect on schedule.

In the meantime we are also setting up our datacenter, so everything is ready when the assembled boards arrive.

We will be back with more info shortly.

https://bitcointalk.org/index.php?topic=280570.msg3167570#msg3167570

IOW, there's no incentive to sell products at a reasonable price, because cryptx will simply deploy those that do not sell to his mine. This is what ASICMiner and bitfury are doing as well and it virtually guarantees that products are sold at prices that will not return much(if any) profit to investors.

That explains a lot. Thanks for the information.

Yet another centralizer. No wonder things are going south. burnin, I have to say that the choice of your distributor has been, ehm, not so good.

they do not care about what we think as long as they can fill their wallets, we will see more things like that happening in the near future.... such a waste of time and energy... so disappointing   

[RoadStress]

Cross Post

We can surely do that.

We are very busy making all arrangements for the deployment of the first 20 TH/s.
 
The design of the board is finished, some tests with a full prototype are still left to do. This is a final check that has to be done before we order all the boards. We could already order the PCB’s now, but we want to make 100% sure there are no mistakes made there.

The Bitfury chips we have ordered are ready to be picked up this Friday! We will have them perfect on schedule.

In the meantime we are also setting up our datacenter, so everything is ready when the assembled boards arrive.

We will be back with more info shortly.

https://bitcointalk.org/index.php?topic=280570.msg3167570#msg3167570

IOW, there's no incentive to sell products at a reasonable price, because cryptx will simply deploy those that do not sell to his mine. This is what ASICMiner and bitfury are doing as well and it virtually guarantees that products are sold at prices that will not return much(if any) profit to investors.

That explains a lot. Thanks for the information.

Yet another centralizer. No wonder things are going south. burnin, I have to say that the choice of your distributor has been, ehm, not so good.

Yup bad choice. I do trust germans to make the best decisions usually. This one was obvious bad for us customers.

[ujka]

So IF we get these by Mid-Oct and IF they can hash 80 GH/s for a full 12 months, we MIGHT see 8-10BTC out of them?

If they arrive by mid oct, and hash at 80 GH/s, with diff. increase starting with 35% first retarget, and with 5% decrease every next retarget (35.0%; 33.5%; 31.6%; 30.0%; and so on) then yes, 8-10btc
 http://btcinvest.net/bitcoin-mining-profit-calculator.php?diff=112628548.66635&dcosts=1000&diff_mincrease=35&blpbtc=25&dhsmhs=80000&diff_mincreasedecrease=5&btcusd=135.17&dpowcon=70&btcusd_mincrease=0&pcost=0.2&calcweeks=32&dleadtime=3&action=calc

But a diff increase like that means 50,000 TH/s total net hashrate in april 2014? 50x over today 1,000! Is that possible in 6 months?

[eraziel]

Good to know.
I hope burnin is at least getting a sizable chunk of money for lending them his skills
It would be a shame otherwise

[nemercry]

Cross Post

We can surely do that.

We are very busy making all arrangements for the deployment of the first 20 TH/s.
 
The design of the board is finished, some tests with a full prototype are still left to do. This is a final check that has to be done before we order all the boards. We could already order the PCB’s now, but we want to make 100% sure there are no mistakes made there.

The Bitfury chips we have ordered are ready to be picked up this Friday! We will have them perfect on schedule.

In the meantime we are also setting up our datacenter, so everything is ready when the assembled boards arrive.

We will be back with more info shortly.

https://bitcointalk.org/index.php?topic=280570.msg3167570#msg3167570

IOW, there's no incentive to sell products at a reasonable price, because cryptx will simply deploy those that do not sell to his mine. This is what ASICMiner and bitfury are doing as well and it virtually guarantees that products are sold at prices that will not return much(if any) profit to investors.

Burnin please say that you will also allow one Groupbuyer to also buy in bigger quantities from you. We as community dont want to deal with them in any way. And all what they want is to set up miners for there own farm. Yeah what ? Fuck them im really pissed at this stage.
The only chance to get DIY for a reasonable price died with some people who does not even want to distribute miners. awesome.

[cryptx]

UPDATE 16/09/2013

Hashrate protection

These refunds will be given when the tested hashrate of the board is below 64 GH/s:

• 100€ refund for each board
• 600€ refund for each 8 boards unit

[creativex]

UPDATE 16/09/2013

Hashrate protection

These refunds will be given when the tested hashrate of the board is below 64 GH/s:

• 100€ refund for each board
• 600€ refund for each 8 boards unit

When? ...or if? Does that mean that you expect them all to reach 64, but recognize that some may not? Do you have any estimates on how many may not reach this speed? Given that some may not reach 64Gh, do you have any estimates as to how many will reach 80Gh? This is important as the range specified(40-80) is so huge that it covers the distance between a reasonably priced product and a horrible value.

[RoadStress]

UPDATE 16/09/2013

Hashrate protection

These refunds will be given when the tested hashrate of the board is below 64 GH/s:

• 100€ refund for each board
• 600€ refund for each 8 boards unit

So it only took 5 pages for this after the announced and the not so real speed of 80Gh/s.

The next thing customers should worry is the lack of the warranty for the boards. After thinking about the warranty and seeing there is none i have decided to only buy a single board with the refunded money. I wish good luck to you cryptx, but you lost me as a customer with your gimmicks.

[cryptx]

When? ...or if? Does that mean that you expect them all to reach 64, but recognize that some may not? Do you have any estimates on how many may not reach this speed? Given that some may not reach 64Gh, do you have any estimates as to how many will reach 80Gh? This is important as the range specified(40-80) is so huge that it covers the distance between a reasonably priced product and a horrible value.

If the board does not achieve minimum hashrate of 64 GH/s the Hashrate Protection applies.

For example: 40 GH = 599€ / 64 GH = 699€ / 80 GH = 699€

[creativex]

When? ...or if? Does that mean that you expect them all to reach 64, but recognize that some may not? Do you have any estimates on how many may not reach this speed? Given that some may not reach 64Gh, do you have any estimates as to how many will reach 80Gh? This is important as the range specified(40-80) is so huge that it covers the distance between a reasonably priced product and a horrible value.

If the board does not achieve minimum hashrate of 64 GH/s the Hashrate Protection applies.

For example: 40 GH = 599€ / 64 GH = 699€ / 80 GH = 699€

Shall I take that as a no?

[bulltrap]

Cryptx, can you add the option to order 8 board unit without the psu?

[FlappySocks]

Still too much money.  I was going to buy at least 4. Instead i'm only buying one, to use up my 70%.
Burnins products were the low cost open DIY option.  Now they are premium items, with tight ROI margins.

[RoadStress]

When? ...or if? Does that mean that you expect them all to reach 64, but recognize that some may not? Do you have any estimates on how many may not reach this speed? Given that some may not reach 64Gh, do you have any estimates as to how many will reach 80Gh? This is important as the range specified(40-80) is so huge that it covers the distance between a reasonably priced product and a horrible value.

If the board does not achieve minimum hashrate of 64 GH/s the Hashrate Protection applies.

For example: 40 GH = 599€ / 64 GH = 699€ / 80 GH = 699€

Shall I take that as a no?

80Gh is still a dream! It says right on his website "(best demonstrated 64 Ghash/s)"

[cryptx]

When? ...or if? Does that mean that you expect them all to reach 64, but recognize that some may not? Do you have any estimates on how many may not reach this speed? Given that some may not reach 64Gh, do you have any estimates as to how many will reach 80Gh? This is important as the range specified(40-80) is so huge that it covers the distance between a reasonably priced product and a horrible value.

If the board does not achieve minimum hashrate of 64 GH/s the Hashrate Protection applies.

For example: 40 GH = 599€ / 64 GH = 699€ / 80 GH = 699€

Shall I take that as a no?

I do not see how we can have these estimates before we have tested a given amount of boards ( http://en.wikipedia.org/wiki/Statistical_proof )