DIY FPGA Mining rig for any algorithm with fast ROI

[COINKING7]

I'm going to bed. You can wait til tomorrow Senseless. Nice handle by the way. lol

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[habitat412]

...

So you ignore the points in my reply to you and continue with more FUD?

The reason for an estimated shipping date is because with this scale of production shipments will be rolling. We're not going to process and get 5000 boards out the door in a single day. They're also not going to all be produced in a single day (assembly, etc). There has been one delay due to components required to build the boards (with evidence indicating possible nefarious intent (competitor buying up components)).

Refunds are being processed. As far as I'm aware we have no refund requests older than 30 days. I've been refunding people for at least 3 weeks. I've processed quite a few -- I have no doubt people are getting refunds because I'm sending them out. That's why you, a lone troll, who's probably not even a customer is complaining.

Maybe I should take a tip out of your book (or foxnews' book)... Who is this coinking7 guy? Does he work for bitmain? I don't know. Some are saying there are a lot of trolls on the forum. Are they funded by bitmain? Did bitmain buy up the components for the board? I don't know. First, all our components are bought up, now there are trolls trying to get people to complain to the FTC.... COINCIDENCE? I don't know. Maybe coinking7 works for fox news? Just speculation, but his troll style is direct from their playbook. I don't know.

This is actually quite funny and assuming.  Who the hell is COINKING7?!?!

[habitat412]

Just wanted to provide a link to anyone that wants to file a complaint with the FTC.

Clearly states:
''If you can’t ship within the promised time (or within 30 days if you made no promise), you must
notify the customer of the delay, provide a revised shipment date and explain his right to cancel
and get a full and prompt refund.''

Link:
https://www.ftc.gov/system/files/documents/plain-language/alt051-selling-internet-prompt-delivery-rules.pdf

They haven't provided a revised shipment date. ''Sometime at the end of the year'', or ''In Q4'', isn't a date.

''For definite delays of up to 30 days, you may treat the customer’s silence as agreeing to the
delay. But for longer or indefinite delays — and second and subsequent delays — you must get the
customer’s written, electronic, or verbal consent to the delay. If the customer doesn’t give you his
okay, you must promptly refund all the money the customer paid you without being asked by the
customer.

Looks like they have less than a month to refund EVERYONE'S money BY LAW if they don't give consent.

Also strange that they accepted crypto for payment. I doubt Xilinx accepts crypto, and why would FPGA.land, etc. pay fees to exchange to fiat? Makes you wonder if this money has even been paid to Xilinx. GPU Hoarder said they will likely lose money on the 1st order, so where is the money coming in for this new order? Perhaps from the 1st order? Just speculation, and very odd that 1 day after I bring up laws, people are getting refunds??? Either Xilinx just ''happened'' to refund today or FPGA.land/SQRL held your money all this time. Just opinion....but coincidence? Come on, please!

Know your rights as a consumer. You may even be able to get lost ''wages'' for each day of the delay. I don't know, but a judge would.

And 6k for the new board??? That's ridiculous! A close friend called Bittware about a month ago and was quoted 5k for a bulk order...So, $1000 mark-up, plus a 4% dev fee??? Speechless...

We are very familiar with, and have followed all of this to the best of our ability. We’ve even made Xilinx aware of the same regulations. You should also know that 9/1/2018 was the first day anything was actually late.

The money paid was forwarded to Xilinx. There are press releases about it, and quotes from Xilinx head of Americas sales about their delays. Anyone that reaches out to Xilinx will get the same confirmation from them.

What second order? We have never made a second order of 1525s. If you’re referring to the CVP-13, that’s being offered by Bittware in conjunction with us because they don’t want to take on the cost associated with supporting hundreds of individuals who know nothing about FPGAs. If you are referring to the 1525s for sale now - those are from all the hundreds of refunds we have had to process from our own funds. NO money has been refunded by Xilinx at this point.. I suppose you think all the work to pay support people, develop bitstreams, and process shipments and order fulfillment + accounting and taxes is free as well? There are less than 400 boards in the group buy for the CVP-13, your pricing is flat out wrong, and our “profit” from that is barely enough to cover one support persons costs + real handling costs.

You sir are the reason this space is so toxic. If you have any legitimate issues to discuss I am happy to discuss them, but from my experience you don’t have any actual grievances that can be remedied - you simply aim to sow discontent and stir up anger and strife in the community. Hundreds of people will happily confirm both the legitimacy of our business and our participation in this group buy, as well as the very real business relationships and payments we have made for these sales.

Well said and agreed.

[habitat412]

#2) This was a group buy with Xilinx supplying the products. The delay in shipping was due to component acquisition problems on Xilinx's end.
---Don't shift blame. You should have had a back-up plan. Own your mistakes.

...

---I did buy the Xilinx product you offered. I mine with GPU's for a living. Sold a lot of GPU's to get this product in August. Now sitting on my hands, wondering if you are going to
pay my lost wages after 8/31? Whitefire advertised $20-$50 per day...

Rest of your points aside, seems like you want them to own their mistakes AND yours. "You should have a back up plan". Whether or not they broke the law or plan to break it, if this is your living and you took a huge risk by buying a bunch of hardware from a bunch of anonymous people online? If you were to get scammed, the legal responsibility is their's OF COURSE, but not your loss of income; they didn't tell you to sell part of your income to buy their product. That was the risk you chose to take, and if you don't have a back up plan that's on you, not them, just like if they don't make delivery or refund people in the legally defined reasonable amount of time, that's on them.

(Not defending or attacking either you or them, just pointing out a flaw in logic)

Makes a lot more sense for his FUD and “senseless” anger (pun intended).  I can see why he is pissed off and angry.  He is a miner and makes his living off of mining and at the current market in the crypto space probably either running at a loss or barely profiting so he is salty either way.  Saw this “BCU1525” as the answer to his woes like a lot of other miners including myself, but didn’t have a backup plan in case something like this was inevitably was going to happen since this is a first time for everyone including the good people at SQRL LABS and Mineority (thanks you guys!).  You really should heed your own advice and “own up to your own mistakes” in 1. Buying said equipment from a company you hardly know or think they are doing unethical or deceiving practices like taking crypto for payment and not forwarding Xilinx payment (man’s got great imagination) 2. Nobody has pity or sympathy for you having to sell gpu’s to buy or afford the fpga’s.  Shouldn’t be risking or selling off equipment you use to make a living if you couldn’t afford to be without it for said unknown amount of time.  You knew the risks and you took them anyways.  I don’t believe SQRL or Mineority or anyone for that matter FORCED or THREATENED you in anyway to buy their products (hopefully Dave @SQRL didn’t send like evil squirrels and threatened to take your nuts or acorns, lol) besides the point.  In your own words “OWN YOUR MISTAKE, DON’T BLAME SHIFT”, and most importantly TAKE IT ON THE CHIN LIKE A REAL MAN, myself and several hundreds of other people just like you probably knew better and “had a backup plan” like you mentioned in case something like this would happen.

Sorry for the rant guys, I just hate how people like this feel they are the only ones in this situation and nobody else is being affected from this but themselves, but as civil and supporting community members in the space we appreciate the overall bigger picture SQRL LABS and other affiliated parties are bringing to the space that they didn’t have to, no thanks to assholes like COINKING7 and other trolls!

[happyleper]

Just wanted to provide a link to anyone that wants to file a complaint with the FTC.

Clearly states:
''If you can’t ship within the promised time (or within 30 days if you made no promise), you must
notify the customer of the delay, provide a revised shipment date and explain his right to cancel
and get a full and prompt refund.''

Link:
https://www.ftc.gov/system/files/documents/plain-language/alt051-selling-internet-prompt-delivery-rules.pdf

They haven't provided a revised shipment date. ''Sometime at the end of the year'', or ''In Q4'', isn't a date.

If you're going to use federal law to threaten someone, it helps to not use documents from 2001 that are no longer accurate.  The rules have since changed to allow a business to not provide a revised shipping date so long as they have a reasonable basis for doing so:

https://www.ftc.gov/tips-advice/business-center/guidance/business-guide-ftcs-mail-internet-or-telephone-order

Try harder next time.

[melpheos]

If you're going to use federal law to threaten someone, it helps to not use documents from 2001 that are no longer accurate.  The rules have since changed to allow a business to not provide a revised shipping date so long as they have a reasonable basis for doing so:

https://www.ftc.gov/tips-advice/business-center/guidance/business-guide-ftcs-mail-internet-or-telephone-order

Try harder next time.

Zinger !!!

[huntingthesnark]

If you're going to use federal law to threaten someone, it helps to not use documents from 2001 that are no longer accurate.  The rules have since changed to allow a business to not provide a revised shipping date so long as they have a reasonable basis for doing so:

https://www.ftc.gov/tips-advice/business-center/guidance/business-guide-ftcs-mail-internet-or-telephone-order

Try harder next time.

Zinger !!!

Nice one!  

As a side note, interesting that the more reasonable company reps are with people, the more aggressive they get. As a contrast, the (important to note: completely unrelated) Dwarfminer scam thread barely saw this much angst, and that was a bust from the off.

Finally, while there might be delays on this group buy, what are the other obvious options for a keen miner? Buy new Nvidias? Sell all GPUs, buy....Biakal/BM asics? None of these look particularly tempting from here anyway...

[melpheos]

Nice one!  

As a side note, interesting that the more reasonable company reps are with people, the more aggressive they get. As a contrast, the (important to note: completely unrelated) Dwarfminer scam thread barely saw this much angst, and that was a bust from the off.

Finally, while there might be delays on this group buy, what are the other obvious options for a keen miner? Buy new Nvidias? Sell all GPUs, buy....Biakal/BM asics? None of these look particularly tempting from here anyway...

With zen not forking, it looks like the z9 has so more time to go before becoming uninteresting but personaly I will never buy from bitmain.

[d57heinz]

#2) This was a group buy with Xilinx supplying the products. The delay in shipping was due to component acquisition problems on Xilinx's end.
---Don't shift blame. You should have had a back-up plan. Own your mistakes.

...

---I did buy the Xilinx product you offered. I mine with GPU's for a living. Sold a lot of GPU's to get this product in August. Now sitting on my hands, wondering if you are going to
pay my lost wages after 8/31? Whitefire advertised $20-$50 per day...

Rest of your points aside, seems like you want them to own their mistakes AND yours. "You should have a back up plan". Whether or not they broke the law or plan to break it, if this is your living and you took a huge risk by buying a bunch of hardware from a bunch of anonymous people online? If you were to get scammed, the legal responsibility is their's OF COURSE, but not your loss of income; they didn't tell you to sell part of your income to buy their product. That was the risk you chose to take, and if you don't have a back up plan that's on you, not them, just like if they don't make delivery or refund people in the legally defined reasonable amount of time, that's on them.

(Not defending or attacking either you or them, just pointing out a flaw in logic)

Makes a lot more sense for his FUD and “senseless” anger (pun intended).  I can see why he is pissed off and angry.  He is a miner and makes his living off of mining and at the current market in the crypto space probably either running at a loss or barely profiting so he is salty either way.  Saw this “BCU1525” as the answer to his woes like a lot of other miners including myself, but didn’t have a backup plan in case something like this was inevitably was going to happen since this is a first time for everyone including the good people at SQRL LABS and Mineority (thanks you guys!).  You really should heed your own advice and “own up to your own mistakes” in 1. Buying said equipment from a company you hardly know or think they are doing unethical or deceiving practices like taking crypto for payment and not forwarding Xilinx payment (man’s got great imagination) 2. Nobody has pity or sympathy for you having to sell gpu’s to buy or afford the fpga’s.  Shouldn’t be risking or selling off equipment you use to make a living if you couldn’t afford to be without it for said unknown amount of time.  You knew the risks and you took them anyways.  I don’t believe SQRL or Mineority or anyone for that matter FORCED or THREATENED you in anyway to buy their products (hopefully Dave @SQRL didn’t send like evil squirrels and threatened to take your nuts or acorns, lol) besides the point.  In your own words “OWN YOUR MISTAKE, DON’T BLAME SHIFT”, and most importantly TAKE IT ON THE CHIN LIKE A REAL MAN, myself and several hundreds of other people just like you probably knew better and “had a backup plan” like you mentioned in case something like this would happen.

Sorry for the rant guys, I just hate how people like this feel they are the only ones in this situation and nobody else is being affected from this but themselves, but as civil and supporting community members in the space we appreciate the overall bigger picture SQRL LABS and other affiliated parties are bringing to the space that they didn’t have to, no thanks to assholes like COINKING7 and other trolls!

Actually your dead wrong.  They have to release these. Decentralization is in jeopardy.  The whole crypto concept is in jeopardy!  They were selfishly mining away themselves till they were threatened by bitmain asics.  Now they dumping their bags on customers.  Most likely collecting interest off that pre order money to boot.  This is a clusterfuck if ever there was one.  FPGA needs to take it on the chin and realize asics are here now.  Game over

BR

[huntingthesnark]

Nice one!  

As a side note, interesting that the more reasonable company reps are with people, the more aggressive they get. As a contrast, the (important to note: completely unrelated) Dwarfminer scam thread barely saw this much angst, and that was a bust from the off.

Finally, while there might be delays on this group buy, what are the other obvious options for a keen miner? Buy new Nvidias? Sell all GPUs, buy....Biakal/BM asics? None of these look particularly tempting from here anyway...

With zen not forking, it looks like the z9 has so more time to go before becoming uninteresting but personaly I will never buy from bitmain.

No indeed. I bought an early D3, and we all know how that worked out. Very clever, Mr Wu, very clever, but I'm not playing anymore.

[melpheos]

No indeed. I bought an early D3, and we all know how that worked out. Very clever, Mr Wu, very clever, but I'm not playing anymore.

The difficulty on equihash doesn't seem to be rising as fast as Dash. Anyway, like I said, I will never buy from bitmain

[BittWareFPGATech]

---Yes, referring to the CVP order. Christian from Bittware said $5,000 max with all the bells and whistles. He actually said probably less with a large group buy.

If you got a bulk price of $5000 or less that would have been for a CVP-9, not a CVP-13.  The VU13P is WAY more expensive than a VU9P.

[habitat412]

---Yes, referring to the CVP order. Christian from Bittware said $5,000 max with all the bells and whistles. He actually said probably less with a large group buy.

If you got a bulk price of $5000 or less that would have been for a CVP-9, not a CVP-13.  The VU13P is WAY more expensive than a VU9P.

Also since you guys don’t deal with individual consumers directly and only sell to businesses that in turn sell to consumers a bulk order would be for what 1000 units at least?  Around the ballpark of about $5 million or so.  So you can either gripe about a $5k-6k card where they are making let’s say even $1k a pop and as a retailer have every right to do so or pony up $5 million to buy at bulk order price and have all 1k units.  Makes sense to me. 

[m5]

Are you saying some people from batch 1 have received their 1525?

Whitefire said that a much more profitable bitstream would be available Aug. 11th if I recall correctly. Where is it?
Whitefire advertised $20-$50 per day...

Many people (including me) received their VCU1525 directly from Xilinx official distributors. As whitefire mentioned in the beginning, this card needs some modding, that's one of the reasons the group buy for modified BCU1525 started. So many people are already mining on these cards and using bitstreams from 2 distinct developers (whitefire/zetheron and digitalcruncher).

That more profitable bitstream should be available by 15.9. As whitefire mentioned, many changes in the coins happeneded in the last few months. He had to stop developments of some half-finished bitstreams due to either coins now having zero value or changing their mining algos. That also adds to the delays in bitstream publication.

Whitefire "advertised" (approximated) $20-$50 per day, but of course in the market conditions of that time (price, difficulty, algos). I guess he doesn't have a crystal ball to know how that all would be in 3 months.

[Ivanetadichk]

Where is the best place to buy a Xilinx VCU1525? And how much modification does it need to work?

If there are better options now, I reckon we would all like to know...

[mineroc]

Odds Xilinx partnered w/Bitmain and would do a pre-emptive release of ther FPGA hardware before this one?

Odds Bitmain got a hold of some of these boards, figured what parts to "hog" and bought the bulk of the stock?

[huntingthesnark]

Where is the best place to buy a Xilinx VCU1525? And how much modification does it need to work?

If there are better options now, I reckon we would all like to know...

This whole thread is about the VCU and subsequent BCU group buy. Zetheron.com has details of the various mods. Buying a stock VCU will be a challenge, going direct is pretty much your only hope, and that'll take over a month at least. BCUs are/were on mineority.io.

[m5]

Odds Xilinx partnered w/Bitmain and would do a pre-emptive release of ther FPGA hardware before this one?

Odds Bitmain got a hold of some of these boards, figured what parts to "hog" and bought the bulk of the stock?

Bitmain uses some smaller Xilinx FPGA for their management boards for their ASIC miners. There is no evidence yet there would be directly making FPGA miners.
All design details of VCU1525 including BOM was public on Xilinx website until recently. So anybody could take the BOM list and try to buy all the stocks of some components.

[Hueristic]

Odds Xilinx partnered w/Bitmain and would do a pre-emptive release of ther FPGA hardware before this one?

Odds Bitmain got a hold of some of these boards, figured what parts to "hog" and bought the bulk of the stock?

Bitmain uses some smaller Xilinx FPGA for their management boards for their ASIC miners. There is no evidence yet there would be directly making FPGA miners.
All design details of VCU1525 including BOM was public on Xilinx website until recently. So anybody could take the BOM list and try to buy all the stocks of some components.

There was no evidence of their other stealth miners either besides the hash increase.

[nonny12]

Miners care a lot about ROI. FPGA seems too over priced, 4-6K per unit.

Mining with FPGA=Snakeoil?

At the current rate my ROI for my rig is 3 years.
A FPGA even with the current available not profitable bistream is 1 year but indeed, the warranty period is ridiculous.

While the warranty periods are pretty short, the longevity of FPGAs run within specs are not short at all. If the FPGA is run within spec then it is rated to run for 10 years of continuous operation. Failure of other components on the board is much more likely than a failing FPGA.

@nonny12,
 What is the source of your  information about FPGA longevity? And what do you mean by "other components on the board"?  RAM, drives etc? Or components of an FPGA card?

Xilinx does thermal testing on all of their FPGAs. I was way short on the UltraScale+ parts actually. They ran it for a combined 170 years across multiple devices at junction temperature of 125 deg C without any failures.
https://www.xilinx.com/support/documentation/user_guides/ug116.pdf

When I say other components are more likely to fail, I am referring to things like the power supply, capacitors, and other discrete components or ICs.