[ANN] Fibonacci Info and questions

[revvv]

I like the idea but the price is my concern, if I understand correctly you are selling miners for 0.90$ per kh/s. My GPU cost $400 and makes 700kh/s that means you are selling a miner as powerful as my GPU for double the price? Why I should buy it then?

[jasinlee]

How much power does it consume? Heat?

We will be tweaking the design so it may change a bit but we created a miner that consumes under 5 watts and is faster than your gpu. Power costs will recoup in the long run vs any gpu. But that just depends on your situation. If that is not enough to make you buy one I recommend not purchasing one.

[glendall]

I like the idea but the price is my concern, if I understand correctly you are selling miners for 0.90$ per kh/s. My GPU cost $400 and makes 700kh/s that means you are selling a miner as powerful as my GPU for double the price? Why I should buy it then?

You got your hashing rates mixed up, a gpu can do 700 megahashs, not kilohashes, for scrypt coin mining.

[gica_contra]

I like the idea but the price is my concern, if I understand correctly you are selling miners for 0.90$ per kh/s. My GPU cost $400 and makes 700kh/s that means you are selling a miner as powerful as my GPU for double the price? Why I should buy it then?

You got your hashing rates mixed up, a gpu can do 700 megahashs, not kilohashes, for scrypt coin mining.

maybe in 10 years.

[Amph]

How much power does it consume? Heat?

We will be tweaking the design so it may change a bit but we created a miner that consumes under 5 watts and is faster than your gpu. Power costs will recoup in the long run vs any gpu. But that just depends on your situation. If that is not enough to make you buy one I recommend not purchasing one.

yeah but i'm just paying my bills in advance in this way...

[trankil]

I have a question

in first time we will be able to buy to you Hasrate instead of buy a miner thats right? or whe are buying a miner you are hosting at the beginning then you ship us the minner??

thanks you

[eric89]

Where can I mark my name down?

Or what website can I DDOS with my F5's to make sure I get in as early as possible?

[jasinlee]

Where can I mark my name down?

Or what website can I DDOS with my F5's to make sure I get in as early as possible?

Lol and this is part of the reason we are making sure the site is perfect before launch.

[jasinlee]

I have a question

in first time we will be able to buy to you Hasrate instead of buy a miner thats right? or whe are buying a miner you are hosting at the beginning then you ship us the minner??

thanks you

Correct to the second question.

[hanspeter77]

i want buy
how can  pre-order?

[eXme]

i want buy
how can  pre-order?

1. Do you plan on taking pre-orders?
A: No, we will most likely do a hosted mining setup like asicminer did, this is a tried and proven method of successfully setting up orders without mislabeling people as preorder customers. Edit: Any type of preorder will only be used once we have provided proof of work. And all the while building good will among the community members.

[xephyr]

I like the idea but the price is my concern, if I understand correctly you are selling miners for 0.90$ per kh/s. My GPU cost $400 and makes 700kh/s that means you are selling a miner as powerful as my GPU for double the price? Why I should buy it then?

Some quick calculations show at the same kh/s the Fibonacci miner only takes about 10 months to save enough in electricity to cover the increased cost per kh/s compared to your 7950. Then you can add the savings in electricity to your bottom line ROI.

[jasinlee]

How much power does it consume? Heat?

If that is not enough to make you buy one I recommend not purchasing one.

[markj113]

I like the idea but the price is my concern, if I understand correctly you are selling miners for 0.90$ per kh/s. My GPU cost $400 and makes 700kh/s that means you are selling a miner as powerful as my GPU for double the price? Why I should buy it then?

Some quick calculations show at the same kh/s the Fibonacci miner takes about 10 months to save enough in electricity to cover the increased cost per kh/s compared to your 7950.

factor in resale value of a graphics card that can be used for gaming to an obsolete scrypt card

[xephyr]

I like the idea but the price is my concern, if I understand correctly you are selling miners for 0.90$ per kh/s. My GPU cost $400 and makes 700kh/s that means you are selling a miner as powerful as my GPU for double the price? Why I should buy it then?

Some quick calculations show at the same kh/s the Fibonacci miner takes about 10 months to save enough in electricity to cover the increased cost per kh/s compared to your 7950.

factor in resale value of a graphics card that can be used for gaming to an obsolete scrypt card

Yes, smart miners will upgrade to new technology and sell old GPUs off while resale value is high.

[jasinlee]

I like the idea but the price is my concern, if I understand correctly you are selling miners for 0.90$ per kh/s. My GPU cost $400 and makes 700kh/s that means you are selling a miner as powerful as my GPU for double the price? Why I should buy it then?

Some quick calculations show at the same kh/s the Fibonacci miner takes about 10 months to save enough in electricity to cover the increased cost per kh/s compared to your 7950.

factor in resale value of a graphics card that can be used for gaming to an obsolete scrypt card

Yes, smart miners will upgrade to new technology and sell old GPUs off while resale value is high.

I would hope so.

[eXme]

I like the idea but the price is my concern, if I understand correctly you are selling miners for 0.90$ per kh/s. My GPU cost $400 and makes 700kh/s that means you are selling a miner as powerful as my GPU for double the price? Why I should buy it then?

Some quick calculations show at the same kh/s the Fibonacci miner takes about 10 months to save enough in electricity to cover the increased cost per kh/s compared to your 7950.

factor in resale value of a graphics card that can be used for gaming to an obsolete scrypt card

Yes, smart miners will upgrade to new technology and sell old GPUs off while resale value is high.

I would hope so.

I would speculate..
First Batch or version one of the miners won't bring much since it will cost more then your gpu cards which can be easy sold on ebay doenst matter if diff goes high very fast.
version 2 probaby have other mass of nm chips and going to bring more hash power and better efficient, at this point you should buy it and sell your gpus

But it depends how scrypt currency going to react after release of the miners. If it goes high like btc and hardware price going down, then gpu have no chance against it..

[eXme]

jasinlee, are you going to ship from usa?

[jasinlee]

jasinlee, are you going to ship from usa?

Half of our team is in EU, so we will probably ship from there.

[eXme]

jasinlee, are you going to ship from usa?

Half of our team is in EU, so we will probably ship from there.

I live in Germany, I just want to know how it goes with VAT. Can you tell me the what country?