Gridseed GC3355 -Hybrid Scrypt/SHA256 ASIC

[crazyates]

there is the data sheet ：http://www.cybtc.com/thread-3194-1-1.html

6.4 Power Consumption
The following is the power consumption under 1.0V DVDD condition (Unit: Watt). Gridchip will
release more accurate power consumption data after mass production of ASIC Chip and Mining machine.

Freq(MHz)   BTC HashRate(M)     LTC HashRate(K)      Power of  BTC Mode     Power of  BTC+LTC Mode        Power of  LTC Mode
700             1750                        59.6                          4.20                             4.56                                         0.44

GC3355 is on public sale. At BeiJing time 2014-1-14 18:00PM.
Mail 1 day after pay.
one USB Machine = 360K LTC + 10G BTC
(when only mining LTC is 7w, both mining LTC & BTC is 60w)
http://cybtc.com/thread-4792-1-1.html

Wait I'm confused. Is each chip 60Kh/s or 360Kh/s? And at $65/chip, that makes a big difference.

[mardilv]

there is the data sheet ：http://www.cybtc.com/thread-3194-1-1.html

6.4 Power Consumption
The following is the power consumption under 1.0V DVDD condition (Unit: Watt). Gridchip will
release more accurate power consumption data after mass production of ASIC Chip and Mining machine.

Freq(MHz)   BTC HashRate(M)     LTC HashRate(K)      Power of  BTC Mode     Power of  BTC+LTC Mode        Power of  LTC Mode
700             1750                        59.6                          4.20                             4.56                                         0.44

GC3355 is on public sale. At BeiJing time 2014-1-14 18:00PM.
Mail 1 day after pay.
one USB Machine = 360K LTC + 10G BTC
(when only mining LTC is 7w, both mining LTC & BTC is 60w)
http://cybtc.com/thread-4792-1-1.html

Wait I'm confused. Is each chip 60Kh/s or 360Kh/s? And at $65/chip, that makes a big difference.

Chip is 60Kh/s but "usb machine" is 360Kh/s as it has 6 chips.

[User705]

What's the price?

[crazyates]

Wait I'm confused. Is each chip 60Kh/s or 360Kh/s? And at $65/chip, that makes a big difference.

Chip is 60Kh/s but "usb machine" is 360Kh/s as it has 6 chips.

Ah ok. For some reason I thought that USB device only had one chip.

At the press conference, the dev board is 500CNY each, and 400CNY for one chip only.
It's ~82USD each dev board, and ~65USD each chip.

You can check chip's datasheet here: https://github.com/gridseed/gc3355-doc and calculate its $/GHash

So that little 360Kh/s miner costs $82 + 6x$65 + HSF? You're talking almost $500! Unless you pay like $0.30/kWh, you're better off with GPUs. What will the final cost be, does anyone know?

[ninjaboon]

Wait I'm confused. Is each chip 60Kh/s or 360Kh/s? And at $65/chip, that makes a big difference.

Chip is 60Kh/s but "usb machine" is 360Kh/s as it has 6 chips.

Ah ok. For some reason I thought that USB device only had one chip.

At the press conference, the dev board is 500CNY each, and 400CNY for one chip only.
It's ~82USD each dev board, and ~65USD each chip.

You can check chip's datasheet here: https://github.com/gridseed/gc3355-doc and calculate its $/GHash

So that little 360Kh/s miner costs $82 + 6x$65 + HSF? You're talking almost $500! Unless you pay like $0.30/kWh, you're better off with GPUs. What will the final cost be, does anyone know?

360Kh/s miner costs $82 + 6x$65 + HSF? USD 500, about 0.54 btc

how to order?
I don't see any order page:

[YipYip]

Wait I'm confused. Is each chip 60Kh/s or 360Kh/s? And at $65/chip, that makes a big difference.

Chip is 60Kh/s but "usb machine" is 360Kh/s as it has 6 chips.

Ah ok. For some reason I thought that USB device only had one chip.

At the press conference, the dev board is 500CNY each, and 400CNY for one chip only.
It's ~82USD each dev board, and ~65USD each chip.

You can check chip's datasheet here: https://github.com/gridseed/gc3355-doc and calculate its $/GHash

So that little 360Kh/s miner costs $82 + 6x$65 + HSF? You're talking almost $500! Unless you pay like $0.30/kWh, you're better off with GPUs. What will the final cost be, does anyone know?

They are totally out of the ball park if they think $60+ a chip will work

Really need to be ~ $30 for it to come close ...I have ~ 55% of my rigs already on solar so until they get at least within GPU ball park numbers they are a non starter and just a curio for noobs

Having said that I am keen to buy 1500 chips lolz

Lets hope these guys dont do a Avalon/BFL on the self mine crap  

[YipYip]

Can someone translate the details for both myself and others that I am sure have the same questions

1) They want group buys of 10 people ?
2) Within the group buy of 10 pple they can max purchase only 400 or 40 chips per person or is that 40 360k miners per person ?
3) Is the delivery date May 2014 ??
4) Only way to contact is via QQ ??

Thanks In Advance

[TwinTurbo]

Lets hope these guys dont do a Avalon/BFL on the self mine crap  

I think you mean, "Let's hope they STOP self mining. :p

https://bitcointalk.org/index.php?topic=259649.msg4350064#msg4350064

They are presently pushing 800MH/s on Middlecoin
http://www.middlecoin.com/reports/1M3jtksp1upR33SX1VzeCfH5x9fc6zKykR.html

Anyone still thinking about getting into GPU mining better give up now. This is going to go down exactly the same way bitcoin did. GPUs will be dead soon.

[Sy]

At 60 khs per chip? Na...GPUs arent dead for another two or three years.

Even the others (Alpha & Fibonacci) aren't that fast per chip, the main advantage is power and management.

[sikke]

Lets hope these guys dont do a Avalon/BFL on the self mine crap  

I think you mean, "Let's hope they STOP self mining. :p

https://bitcointalk.org/index.php?topic=259649.msg4350064#msg4350064

They are presently pushing 800MH/s on Middlecoin
http://www.middlecoin.com/reports/1M3jtksp1upR33SX1VzeCfH5x9fc6zKykR.html

Anyone still thinking about getting into GPU mining better give up now. This is going to go down exactly the same way bitcoin did. GPUs will be dead soon.

At 60 khs per chip? Na...GPUs arent dead for another two or three years.

Even the others (Alpha & Fibonacci) aren't that fast per chip, the main advantage is power and management.

AND They are not keen selling them. With prices ppl suggest here. If you have Machine laying golden eggs while none else have why would you sell it. Also this is totally GEN 1 hardware and totally in line what first SHA Bitcoin ASIC:s were performing. The Chip is not super performer but what it does it does it 1/40th of the Electricity of GPU rig

PPL are blinded by current GH and TH of BTC ASIC. If and when they get mass sampling of this chip what would stop them putting 160 chips in a Blade taking 70-100W and producing massive 9.6MH/s thats 12 GPU rig right there in 1 single ~70W blade.

Price? dont dream about it. They will mine and overprice the chip to cover R&D costs and get healty profit before dumping them into the market. If you are first you are First.


-Edit-

http://www.middlecoin.com/reports/1M3jtksp1upR33SX1VzeCfH5x9fc6zKykR.html

Been following above middlecoin address and they have add around 100MH/s daily there. Thursday - Friday - Monday - Tuesday - Today i just saw 957MH/s accepted. It is past 1GH/s accepted hashrate tomorrow evening. That would be closer 2000 AMD GPU units in mining rigs and rough numbers would be what 500-700 kw/h power and heat at minimum. I'm no professional but i would say it's not easy to obtain that much power. Compared these chips would do it with 7-15kw/h which is nothing.

specs are here

https://github.com/gridseed/gc3355-doc/blob/master/GC3355_DataSheet.pdf

And holy shit, it claims to do 59.6 KH/s while using 0.44 W

This is 0.00738 W/KH/s versus 0.300 W/KH/s for a GPU -- a 40.7 fold increase in efficiency.  This is about the same increase in efficiency as compared to BTC when ASICMINER first introduced its chips; I'm curious to see how they did it.

[loshia]

Lets hope these guys dont do a Avalon/BFL on the self mine crap  

I think you mean, "Let's hope they STOP self mining. :p

https://bitcointalk.org/index.php?topic=259649.msg4350064#msg4350064

They are presently pushing 800MH/s on Middlecoin
http://www.middlecoin.com/reports/1M3jtksp1upR33SX1VzeCfH5x9fc6zKykR.html

Anyone still thinking about getting into GPU mining better give up now. This is going to go down exactly the same way bitcoin did. GPUs will be dead soon.

At 60 khs per chip? Na...GPUs arent dead for another two or three years.

Even the others (Alpha & Fibonacci) aren't that fast per chip, the main advantage is power and management.

AND They are not keen selling them. With prices ppl suggest here. If you have Machine laying golden eggs while none else have why would you sell it. Also this is totally GEN 1 hardware and totally in line what first SHA Bitcoin ASIC:s were performing. The Chip is not super performer but what it does it does it 1/40th of the Electricity of GPU rig

PPL are blinded by current GH and TH of BTC ASIC. If and when they get mass sampling of this chip what would stop them putting 160 chips in a Blade taking 70-100W and producing massive 9.6MH/s thats 12 GPU rig right there in 1 single ~70W blade.

Price? dont dream about it. They will mine and overprice the chip to cover R&D costs and get healty profit before dumping them into the market. If you are first you are First.

specs are here

https://github.com/gridseed/gc3355-doc/blob/master/GC3355_DataSheet.pdf

And holy shit, it claims to do 59.6 KH/s while using 0.44 W

This is 0.00738 W/KH/s versus 0.300 W/KH/s for a GPU -- a 40.7 fold increase in efficiency.  This is about the same increase in efficiency as compared to BTC when ASICMINER first introduced its chips; I'm curious to see how they did it.

Wise sikke:)
+100000 Dude...

[forzendiablo]

so are they up for orders or not

[Sy]

so are they up for orders or not

Sold out

[sikke]

so are they up for orders or not

Sold out

+1  
Good one. Lets see when someone else ask where one can buy these.

[User705]

Lets hope these guys dont do a Avalon/BFL on the self mine crap  

I think you mean, "Let's hope they STOP self mining. :p

https://bitcointalk.org/index.php?topic=259649.msg4350064#msg4350064

They are presently pushing 800MH/s on Middlecoin
http://www.middlecoin.com/reports/1M3jtksp1upR33SX1VzeCfH5x9fc6zKykR.html

Anyone still thinking about getting into GPU mining better give up now. This is going to go down exactly the same way bitcoin did. GPUs will be dead soon.

That would imply Litecoin valuation at many Billions all within a few months?  GPUs left bitcoin for litecoin.  Where will the they go after?

[seeds]

The USB unit will be released before the end of the month if everything goes smooth

[Neon001]

AND They are not keen selling them. With prices ppl suggest here. If you have Machine laying golden eggs while none else have why would you sell it. Also this is totally GEN 1 hardware and totally in line what first SHA Bitcoin ASIC:s were performing. The Chip is not super performer but what it does it does it 1/40th of the Electricity of GPU rig

PPL are blinded by current GH and TH of BTC ASIC. If and when they get mass sampling of this chip what would stop them putting 160 chips in a Blade taking 70-100W and producing massive 9.6MH/s thats 12 GPU rig right there in 1 single ~70W blade.

Price? dont dream about it. They will mine and overprice the chip to cover R&D costs and get healty profit before dumping them into the market. If you are first you are First.


-Edit-

http://www.middlecoin.com/reports/1M3jtksp1upR33SX1VzeCfH5x9fc6zKykR.html

Been following above middlecoin address and they have add around 100MH/s daily there. Thursday - Friday - Monday - Tuesday - Today i just saw 957MH/s accepted. It is past 1GH/s accepted hashrate tomorrow evening. That would be closer 2000 AMD GPU units in mining rigs and rough numbers would be what 500-700 kw/h power and heat at minimum. I'm no professional but i would say it's not easy to obtain that much power. Compared these chips would do it with 7-15kw/h which is nothing.

specs are here

https://github.com/gridseed/gc3355-doc/blob/master/GC3355_DataSheet.pdf

And holy shit, it claims to do 59.6 KH/s while using 0.44 W

This is 0.00738 W/KH/s versus 0.300 W/KH/s for a GPU -- a 40.7 fold increase in efficiency.  This is about the same increase in efficiency as compared to BTC when ASICMINER first introduced its chips; I'm curious to see how they did it.

I've seen that on Middlecoin, but I'm failing to see how this is transformational.  It would seem to me that the key in the near term (at least months) is equipment price/kh, not kh/kw.  Granted, I have cheap power in the US, but at the rates alt coins are paying, the cost of power is almost exactly an entire order of magnitude less than the revenue that can be obtained by that power.  Case in point: 0.01 BTC/day/(MH/s) is pretty easy to reliably obtain.  For 1Mh/s, you're looking at about 300-350 W.  0.01 BTC = about $8.5 currently (and stands to rise).  350W = $1.68 even at a very liberal $0.20/KWhr. 

My point with all of this is that hashing power is clearly the dominant metric for profit at this point.  With that said, the prices listed in this thread for ASIC hardware are about two-fold WORSE than typical cost/hash represented through GPU mining.

What this is all leading me to is this - if power could (even liberally) be assumed to be soaking a quarter of your revenue from GPU mining, and these products are twice the cost of GPU mining, there is literally NO break-even.  Even if they use no power at all, the best you could do with them is still to bring two thirds of the profit/investment of GPU mining.

It seems that these become a true alternative when they get to between the 1.0x and maybe 1.25x the price/hash power, and truly preferable when cheaper still.  Similarly, it would take until profits/hash power are halved from their current levels to have the same effect.  With all of the pump and dump coins and stupid speculators betting on them in the short term coming and going, I don't see that happening any time soon.

Am I wrong?

[Cheshyr]

I'll be honest; I just want to play with a couple of the chips.  As an engineer, it's fun to play with new technology, and as has been mentioned... 1st gen is 1st gen.  This may not be up to par with BTC yet, or even GPU mining, but it's progress and it's exciting.  The 2nd gen will be even more fun.

If anyone has access to these chips and is willing to work something out with me re: purchase and shipping to the US, send me a PM.  Good work Gridseed.

[sikke]

I've seen that on Middlecoin, but I'm failing to see how this is transformational.  It would seem to me that the key in the near term (at least months) is equipment price/kh, not kh/kw.  Granted, I have cheap power in the US, but at the rates alt coins are paying, the cost of power is almost exactly an entire order of magnitude less than the revenue that can be obtained by that power.  Case in point: 0.01 BTC/day/(MH/s) is pretty easy to reliably obtain.  For 1Mh/s, you're looking at about 300-350 W.  0.01 BTC = about $8.5 currently (and stands to rise).  350W = $1.68 even at a very liberal $0.20/KWhr.  

My point with all of this is that hashing power is clearly the dominant metric for profit at this point.  With that said, the prices listed in this thread for ASIC hardware are about two-fold WORSE than typical cost/hash represented through GPU mining.

What this is all leading me to is this - if power could (even liberally) be assumed to be soaking a quarter of your revenue from GPU mining, and these products are twice the cost of GPU mining, there is literally NO break-even.  Even if they use no power at all, the best you could do with them is still to bring two thirds of the profit/investment of GPU mining.

It seems that these become a true alternative when they get to between the 1.0x and maybe 1.25x the price/hash power, and truly preferable when cheaper still.  Similarly, it would take until profits/hash power are halved from their current levels to have the same effect.  With all of the pump and dump coins and stupid speculators betting on them in the short term coming and going, I don't see that happening any time soon.

Am I wrong?

+1

You are exactly right. These wont be obtainable within eaven close to get break-eaven in investment. Power usage wont matter that much in >10MH scale. They are just too rare when they hit the market. Gridseed can easily charge 1000% margins for them and people will still buy like crazy. When will they hit the market. Not in months. Takes alot time before they show any significat Hashing power in current Scrypt world.

That said i would say there is easy 6 months left for Healty GPU mining. These wont kill it. Yet.

GPU still best way to earn $

ps. Cheshyr i'm on a same boat i wish to see the technology. I could buy 1 of these just to see it in action.

[Silvano]

Guys, i'm italian.
here, to build a gpu mining rig, whit 5 r9 280x for a 3.6 Mh/s, you pay about 2000 euro.
estimated consumption even undervolting cards, is about 1.4 Kw/h that costs about 5.00 euro/day
the Gridseed ASIC, if i right understand, have 5 chips even "usb device" and it can do about 300 Khash/s for a consumption of about 30V. so, 10 device that i read cost 1360$ (1000 euro) would get 3,0 Mhash/s for about 300V. power costs is about 1.10 euro/day

ASIC miner 1euro = 3 Khash/s + 1.10 euro power/day
GPU miner 1 euro =1.8 Khash/s + 5.00 euro power/day

assuming that 1Mh made 0.01 BTC day:
asic miner made 0.03 BTC/day that is 25.5$ (18.75 euro) - power (1.10 euro) total 17.65 euro/day net (time to autopay 57 days)
GPU miner made 0.036 BTC/day that is 30.6$ (22.50 euro) - power (5.00 euro) total 17.50 euro/day net (time to autopay 114 days)
not counting space problems, overheating, noise etc.

in Italy, Gridseed ASIC is much more profittable than any GPU for scrypt mining now.

(change EUR/USD 1.36)
(change BTC/USD 850.00)