[ANN] Fibonacci Info and questions

[deltree]

Mr. Milton this is an atrocity, the rich will get uber richer and the poor will get marginally richer till they start getting poorer when the electric bills arrive.

[jasinlee]

Milton: I understand how you feel Mr. Deltree. Initially, other users felt that way. What they found, however, was that after reading the thread they realized that the companies goals were aligned with their own.

[eXme]

Just the thing that destroys the true spirit of crypto currency's...I wish your project fails or that you run away with people's money I am happy in either instance.

December 14, 2013, 11:58:10 PM

Let me introduce you to the complaints department. Milton will take down your information.

hahaha

You said you have own websystem with pool, after purchase can we change the pool? or by hosting we can only mine on your pool with your fees? your pool going to have only one cryptocoin?

[jasinlee]

Yes, you can choose your pool, we are working on the UI now. It will proxy to the pool of your choice, in the beginning this will probably be time consuming while we add the pools. The fees are not intended to float anyones income, they will be enough to cover electricity (which isnt much) and a small profit for the host. The users that do the hosting will be in a thankless job most likely. We will have multiple coins on the site.

[eXme]

Yes, you can choose your pool, we are working on the UI now. It will proxy to the pool of your choice, in the beginning this will probably be time consuming while we add the pools. The fees are not intended to float anyones income, they will be enough to cover electricity (which isnt much) and a small profit for the host. The users that do the hosting will be in a thankless job most likely. We will have multiple coins on the site.

btw i wanted to ask you what is important for the pool server RAM, CPU or something else? Does internet connection affects it?

[Wipeout2097]

14. OMG Your prices are higher than GPUs, SCAM!?
A: 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.

Scrypt is indeed ASIC resistant if the vendors can only offer "power savings" in exchange of the absurd upfront cost



Edit:

Power costs will recoup in the long run vs any gpu.

LOL!

[FiatKiller]

If cryptos continue gaining popularity, one of the main forces against it will be all the electricity we use. Bringing ASICs to market greatly helps our cause.

How much you save depends on where you live. Europe and NE USA yes, AZ maybe not so much...

[Wipeout2097]

If cryptos continue gaining popularity, one of the main forces against it will be all the electricity we use. Bringing ASICs to market greatly helps our cause.

How much you save depends on where you live. Europe and NE USA yes, AZ maybe not so much...

If cryptos continue to gain popularity, electricity cost will be residual. If what you get from mining is eaten by 0.1 - $0.25 kW/h, then crypto is not popular

[jasinlee]

I think it's time to overly simplify everything from the looks of it. So, mining a coin valued at under 1 $ is so close to 0 $ you may as well not mine it at all amirite? And if it's not free, your losing money so we should be bartering amirite? And it takes time to do research and setup rigs that you can spend at a regular job, so we shouldnt waste our time amirite?

[Tomatocage]

I'm confused. Will your final product do 1120 KH/s, or 36 MH/s?

[jasinlee]

I'm confused. Will your final product do 1120 KH/s, or 36 MH/s?

We are stating 960kh/s as the numbers are estimates. That is per chip.

If we sell chips that run at 1120kh/s as the datasheet has them listed. 1120*32=35840 This is referencing one of the PCB variants we are preparing.

[Tomatocage]

We are stating 960kh/s as the numbers are estimates. That is per chip.

If we sell chips that run at 1120kh/s as the datasheet has them listed. 1120*32=35840 This is referencing one of the PCB variants we are preparing.

Ah, ok I see. How many chips are there per ASIC unit?

Clarify: I meant are they being built with a maxed out PCB, or will there be lower priced options that might have lower chip population?

Oh nvm, I see you added to the FAQ Thanks!

[jasinlee]

We are stating 960kh/s as the numbers are estimates. That is per chip.

If we sell chips that run at 1120kh/s as the datasheet has them listed. 1120*32=35840 This is referencing one of the PCB variants we are preparing.

Ah, ok I see. How many chips are there per ASIC unit?

Clarify: I meant are they being built with a maxed out PCB, or will there be lower priced options that might have lower chip population?

Oh nvm, I see you added to the FAQ Thanks!

The amount we slip onto a pcb (the max we will put per pcb) will likely be the 32 chip variant. Anything beyond that and we will need to move into better cooling options than the planned ones.

The planned ones are 1, 4, 16, 32.

[FiatKiller]

Also, don't forget the killing these will do on new alts... 100K of them? Nooo problem!

[note235]

definitely in if its true

[jasinlee]

Also, don't forget the killing these will do on new alts... 100K of them? Nooo problem!

Well, maybe just killing ones like doge.

[FiatKiller]

At one point, my 100K GLD were worth $13K. Not bad for a few days of mining...  ;-)

[note235]

very very nice!

[eXme]

Also, don't forget the killing these will do on new alts... 100K of them? Nooo problem!

Well, maybe just killing ones like doge.

What type of payments are you going to accept?

[jasinlee]

Also, don't forget the killing these will do on new alts... 100K of them? Nooo problem!

Well, maybe just killing ones like doge.

What type of payments are you going to accept?

We are promoting adoption of crypto, it would be hypocritical to accept anything else in our opinion.