[ANN] Fibonacci Info and questions

[cryptrol]

Cutting it close now.

It seems the Gridseeds are already hashing fast. Hope to see your offers soon.

[Don007]

What are the prices going to be for the chips? Ive read somewhere about 550 dollars per chip - 960 khash/s.

Could someone give me more information about this? I saw the website is online now, with website shares and hardware shares. Where do you earn from from the website?

[FiatKiller]

What are the prices going to be for the chips? Ive read somewhere about 550 dollars per chip - 960 khash/s.

Could someone give me more information about this? I saw the website is online now, with website shares and hardware shares. Where do you earn from from the website?

You see shares for sale? What's the URL?

[Don007]

http://www.fibonacci.io. 

Im told that they will be for sale from tonight. 2.15 LTC per share, with a max of 100 shares per person.

[Soak]

http://www.fibonacci.io. 

Im told that they will be for sale from tonight. 2.15 LTC per share, with a max of 100 shares per person.

That's it.

[FiatKiller]

Yeah, I found it after some Googling myself and saw that the Buy button did not do anything yet.

Jason, please release it early enough for us EST-ers.  :-D

[gadado]

http://www.fibonacci.io.  

Im told that they will be for sale from tonight. 2.15 LTC per share, with a max of 100 shares per person.

2.15 LTC -> 55 dollar

Each share is 1/200,000th of the profits generated from Hardware sales. What this means is each user that purchases any ASIC from Fibonacci will generate income and 5% of that will be used toward these shares.

so 5% of that income x and 1/200000 of that cake

ROI:
0.000005  * 0.05 * x = 55 dollar

-> x = 220'000'000 dollar

so if they generate an income of 220 mil dollar from those seels you just get back what you invested...

tell me I did something wrong in those numbers pls...

like the webpage thisis not convincing to me. Not at all.

are they really serious?

[eXme]

what about hardware when it will be avaible?

[eXme]

http://www.fibonacci.io.  

Im told that they will be for sale from tonight. 2.15 LTC per share, with a max of 100 shares per person.

2.15 LTC -> 55 dollar

Each share is 1/200,000th of the profits generated from Hardware sales. What this means is each user that purchases any ASIC from Fibonacci will generate income and 5% of that will be used toward these shares.

so 5% of that income x and 1/200000 of that cake

ROI:
0.000005  * 0.05 * x = 55 dollar

-> x = 220'000'000 dollar

so if they generate an income of 220 mil dollar from those seels you just get back what you invested...

tell me I did something wrong in those numbers pls...

like the webpage thisis not convincing to me. Not at all.

are they really serious?

the more shares you the faster is the roi

[Don007]

"Each share is 1/200,000th of the profits generated from Hardware sales. "

So if they receive $100.000 you will receive $0,50  (100.000 / 200000)
So if they receive $1.000.000 you will receive $50,-

Right?

--

the more shares you the faster is the roi

Why? If you buy 2, you've got to pay the double amount too so I think that's bullshit .


Edit: and, the share self has value.

[gadado]

the more shares you the faster is the roi

sry but thats wrong.
thats completly independent of how many shares you buy.

and 200 mil dollar profit(*) from selling products .that will not be done from today to next day.. if the yeven ever archive that hugh profit

edit: just read the webpage again. I might have miss read it a bit and they didn't mean to share 5% of the profit only but all the profit and 5% is their calculated profit. This way the numbers looks better (replace the word profit(*) with income) although I very much doubt the 5% profit only.

[anderl]

the price for performance is horrible.  The estimates prices jansilee reported in is litecointalk thread makes the kHs/$ on part with a 7900 series graphics card.

Estimated specs

Name   Hash   Price(LTC discount)   Watts
Fibonacci Recursion   960    $561.60    5
Fibonacci Axiom   18000    $8,985.60    80
Fibonacci Epsilon   35000    $17,951.20    150

[Don007]

I think those prices are about the same as the price you pay for GPU's to reach for example 960 khash/s, or maybe a bit higher right? (And you need to buy other hardware to mine with GPU's). But, by mining with GPU's I think it will take about 500 watt (educated guess) to reach 960 khash/s instead of 5.

I think those prices aren't really bad.

[anderl]

I think those prices are about the same as the price you pay for GPU's to reach for example 960 khash/s, or maybe a bit higher right? (And you need to buy other hardware to mine with GPU's). But, by mining with GPU's I think it will take about 500 watt (educated guess) to reach 960 khash/s instead of 5.

I think those prices aren't really bad.

I'm not talking about kHs/watt I'm talking about price per kHs.  The other ASIC developers are actually in offering better value.  They offer more kHs per $1 invested in buying the machine.  The result is that you will pay it off faster and return more profit.

I think that fibonacci is aiming at making a fat profit and become a ghash.io.


Besides depending on what you buy you are only getting slightly better than a 7950 rig with 5 GPUs.  *I have about 50 of them.

UNIT   KH/s   Price   Watts   kh/$

7950 Rig   3375    $2,000.00    1400   1.6875

Fibonacci Recursion   960    $561.60    5   1.7094
Fibonacci Axiom   18000    $8,985.60    80   2.0032
Fibonacci Epsilon   35000    $17,951.20    150   1.9497

You will save on electrical costs and only a modest profit.  Nowhere's near the benefit fibonacci is getting (they are putting a large premium on the units they are selling).

[Don007]

Well, indeed it's the electrical costs what is going to make a change.  I think if you put that somehow into your calculation, these ASICS are going to be more profitable for sure.

Yea, sure they will get a (huge) benefit (/ profit), but that's business. As long as people like me (small miners) can make profit & Fibonacci does, who cares.

The only thing is, your miners will be worth $ if the whole Digi-currency-market will crash, and the miner will not.

[anderl]

Well, indeed it's the electrical costs what is going to make a change.  I think if you put that somehow into your calculation, these ASICS are going to be more profitable for sure.

Yea, sure they will get a (huge) benefit (/ profit), but that's business. As long as people like me (small miners) can make profit & Fibonacci does, who cares.

The only thing is, your miners will be worth $ if the whole Digi-currency-market will crash, and the miner will not.

True relative to GPU rigs I agree.  Its only a marginal gain.  But relative to other scrypt asic developers these are much more expensive.  AlphaTech, Flowertech and Gridseed units have 30% less days till pay off than Fibonnacci units.  Gridseeds are already mining and gen2s are in mass production.

[Don007]

Allright. Thanks for letting us know. I only know about AlphaTech and they offer a better ratio (price per khash/s) for sure, as they need about 1350 Pound for 5000 mh/s. I've heard about Gridseed, they offer dualminers right? I'm not really looking for that.

Let's see how this goes. I hope JasinLee will give us a heads up here about the device (devices) and shares.

[eXme]

would be nice to know how many units batch 1 going to have.

[FiatKiller]

Yes, electrical savings is everything. The difference between running a rig or not and most importantly how many you can run on the same 15 AMP circuit!  ;-)
My electric bill was $400 last month and I have solar!

[Cygnify]

Anyone know when the pre-orders for the hardware will be available?

Sorry if I missed too many pages to go back over.