Gridseed miner - A Scrypt and SHA ASIC miner

[Seppelpeters]

What are your opinions on the Gridseed miner? 70khash@ 5 Watt sound like a revolution in Scrypt mining.
http://www.gridseed.com/main.php

[MisO69]

What are your opinions on the Gridseed miner? 70khash@ 5 Watt sound like a revolution in Scrypt mining.
http://www.gridseed.com/main.php

That would be really nice. I would buy as many as I could afford. Too bad its likely not real.

[Dabs]

The one I reviewed looks real.

[BiTJack]

Great! Looking forward to this.

[anderl]

A failed LTC ASIC design that they are trying to salvage by marketing it as a BTC/LTC miner.  Apparently it did not perform as they anticipated for a pure scrypt miner.  After investing .500k to 1 mil in development they are trying to recoup costs.  Don't plan on getting good support RMAs in the future as they will probably try to re-engineer it.

[BiTJack]

https://bitcointalk.org/index.php?topic=409756.0

[anderl]

https://bitcointalk.org/index.php?topic=409756.0

This is classic engineering.  WHen your solution tries to be good at too many functions the end result is it is mediocre at anything.  I found a highly optimized ASIC chip designer that is manufacturing one of the most efficient scrypt ASICs.  It is 10 times more powerful than Gridseed Hash/$.  Being first does not mean you will be the best.  Gridseed will not last.  I give it 6 months before they are worthless.

[Dabs]

@anderl, which one is that? I am only aware of 3 others. Fibonacci, Alpha T, and Flower.

[apollojmr]

@anderl, which one is that? I am only aware of 3 others. Fibonacci, Alpha T, and Flower.

I am not sure if these are included but ltcgear.com has some stuff and also sluicebit was supposed to be making one as well.

[Dabs]

@anderl, which one is that? I am only aware of 3 others. Fibonacci, Alpha T, and Flower.

I am not sure if these are included but ltcgear.com has some stuff and also sluicebit was supposed to be making one as well.

I think ltcgear is fibonacci, but please correct me if I'm mistaken. In any case, they have a new website and they are updating their followers on their progress. They have shares or something now, but the hardware is not yet ready.

[r0ach]

Gridseed really isn't worth talking about.  The alt coin apocalypse comes when just an average size company / start up spends $300,000 for 40 Alpha 25mh/s miners and pushes 1000mh from one location.

[Dabs]

What's to stop some small / average size person / company from spending $300,000 USD for 4,000 of these chips (either as USB dual miners or a bigger version) and pushing 280 mh? Or is 1/4 of 1 gigahash that much different from 1000mh?

Consider that Gridseed is out in the wild now, and Alpha is still at least 6 months away.

[Apostle4444]

Its all vapour-ware even before they tell you how much.

[Dabs]

Its all vapour-ware even before they tell you how much.

The dual miners and the lightning ones are out now. The others are coming, just a matter of time.

[Lauda]

Scrypt ASICs are not worth it yet. The $ per received hashrate. ~70 kh/s for 100$..