[ANN] Fibonacci Info and questions

[sabyd]

Dear Jasinlee,
When Will you provide PCB design, schematics, firmware etc for the users?
Where can we buy just the chips?

[1715101386]

1715101386

[1715101386]

1715101386

[jasinlee]

Will these work on any Scrypt chain?

Yes, unless they have made some larger modifications to the coin.

Hope the coin dev's make these changes to their coins to circumvent your miner.

Crypto should remain in the domain of the average guy in the street to mine with GPU's that can be bought comparatively cheaply at the corner store & not controlled/owned/mined by big business, whales, or corporations.

That is right, they have stated once the FPGA/ASIC miners come out they will be changing things up. Power to the people!

You guys obviously have no idea what we are doing and have not followed our project at all.

[jasinlee]

Dear Jasinlee,
When Will you provide PCB design, schematics, firmware etc for the users?
Where can we buy just the chips?

All the designs will be public long before we ship the units. We will be making some of the pcb designs open source. We will probably sell chips also by themselves, but that will be again once the competition is on the market.

[cof]

fingers crossed. lets not have BFL repeat though.

[jasinlee]

We will be none of the above, this is going to be a whole new way of dealing with the crypto world.

[AGOOSTER]

We will be none of the above, this is going to be a whole new way of dealing with the crypto world.

sorry if posted already, prices?

[jasinlee]

0.90$ per khs unless paying in LTC at which point it gets a 10% discount.

[PhilippeStevens]

Shouldn't the website be up by now ?

0.90$ per khs isn't that like 90$ for 100 khs ?? or i'm getting something wrong
For how long can you keep this hashrate after purchasing ?
Sry not familiar with the system

[Amph]

90 per 100kh/s

[jasinlee]

You would keep it for as long as its hosted and afterwards you would be shipped the unit. So as long as you dont overclock probably many years.

[PhilippeStevens]

Does that include power cost and everything else ?

[jasinlee]

Does that include power cost and everything else ?

Everything except a small fee to cover power. Each trusted host will likely have their own rates.

[cokeman2]

seems to be a very good idea ,but wont litecoin(and other coins ) end up like bitcoin then? only can mine with elite hardware ...making it  out of reach for the common people ?

[jasinlee]

seems to be a very good idea ,but wont litecoin(and other coins ) end up like bitcoin then? only can mine with elite hardware ...making it  out of reach for the common people ?

That will be addressed also, we have discounted hardware options in the works also.

[Tomatocage]

seems to be a very good idea ,but wont litecoin(and other coins ) end up like bitcoin then? only can mine with elite hardware ...making it  out of reach for the common people ?

Not necessarily. The issue with ASIC vs GPU under SHA256 is that ASICs hashing power scaled exponentially compared to GPUs. From the numbers that Jasinlee has posted, Scrypt ASICs offer a near 1:1 hash speed compared to GPUs. The real advantage of these 1st gen Scrypt ASICs will be power consumption and density. That's going to be a huge advantage for those of us who have a high cost per kWh.

[AGOOSTER]

Does that include power cost and everything else ?

Everything except a small fee to cover power. Each trusted host will likely have their own rates.

PLease help me understand and clarify if I have my numbers wrong. for 5400Khs X .90 it would run me $4860.00

I currently have a set up which runs 5400 khs and cost me roughly $5000 GPUs, the power costs me $5 a day, but I can control and switch to whatever scrypt I want at any time... Am I missing something? and Alpha which I am thinking about pre-ordering is providing 25000Khs for roughly $9000.

Please clarify if I am understanding wrong, thanks .

[hennessyhemp]

Does that include power cost and everything else ?

Everything except a small fee to cover power. Each trusted host will likely have their own rates.

PLease help me understand and clarify if I have my numbers wrong. for 5400Khs X .90 it would run me $4860.00

I currently have a set up which runs 5400 khs and cost me roughly $5000 GPUs, the power costs me $5 a day, but I can control and switch to whatever scrypt I want at any time... Am I missing something? and Alpha which I am thinking about pre-ordering is providing 25000Khs for roughly $9000.

Please clarify if I am understanding wrong, thanks .

Pretty sure that about sums it up, time of delivery is key for both this project and Alpha, as it is with most mining...though as far as I can tell...we're all early.  Even the damned usb miners are delivering ROI for people that got in when they first came out, and I suspect anyone buying the hardware today will be greatly awarded for doing so ten years from now...probably much sooner...but especially in ten years.

[jasinlee]

Does that include power cost and everything else ?

Everything except a small fee to cover power. Each trusted host will likely have their own rates.

PLease help me understand and clarify if I have my numbers wrong. for 5400Khs X .90 it would run me $4860.00

I currently have a set up which runs 5400 khs and cost me roughly $5000 GPUs, the power costs me $5 a day, but I can control and switch to whatever scrypt I want at any time... Am I missing something? and Alpha which I am thinking about pre-ordering is providing 25000Khs for roughly $9000.

Please clarify if I am understanding wrong, thanks .

5400khs*0.90=4860-10% = would be $4374 if paid in LTC.

You can also control and switch to other scrypt coins. If you would prefer to use Alpha, I suggest https://litecointalk.org/index.php?topic=2859.0 doing some research first. We do not view Alpha as viable competition.

[jasinlee]

Does that include power cost and everything else ?

Everything except a small fee to cover power. Each trusted host will likely have their own rates.

PLease help me understand and clarify if I have my numbers wrong. for 5400Khs X .90 it would run me $4860.00

I currently have a set up which runs 5400 khs and cost me roughly $5000 GPUs, the power costs me $5 a day, but I can control and switch to whatever scrypt I want at any time... Am I missing something? and Alpha which I am thinking about pre-ordering is providing 25000Khs for roughly $9000.

Please clarify if I am understanding wrong, thanks .

Pretty sure that about sums it up, time of delivery is key for both this project and Alpha, as it is with most mining...though as far as I can tell...we're all early.  Even the damned usb miners are delivering ROI for people that got in when they first came out, and I suspect anyone buying the hardware today will be greatly awarded for doing so ten years from now...probably much sooner...but especially in ten years.

The beauty of early adoption.

[grumpy619]

Will be watching this.. Hopefully price goes down.