What the heck just happened to the hashrate?

[wpgdeez]

its just you. Its about to explode after the Chinese new year.

[empoweoqwj]

This happened.

That's a custom-built Bitcoin mining facility in Hong Kong, with tens of thousand of liquid-cooled ASIC chips.

If only that were true. ASICMINER hasn't even done a tapeout of their new chips yet.

They already deployed this using V2 Blades...

And how much hashrate does that produce. Get real...... they only solve a few blocks a day at the moment.

[samsonn25]

Pre ordered miners that the buyers will not see for months are in 'testing' mode.

aka Avalon

[samsonn25]

This happened.

That's a custom-built Bitcoin mining facility in Hong Kong, with tens of thousand of liquid-cooled ASIC chips.

If only that were true. ASICMINER hasn't even done a tapeout of their new chips yet.

They already deployed this using V2 Blades...

This the one using the 3m liquid emersion cooling?  Electric bill is still like 50k a month

[empoweoqwj]

This happened.

That's a custom-built Bitcoin mining facility in Hong Kong, with tens of thousand of liquid-cooled ASIC chips.

If only that were true. ASICMINER hasn't even done a tapeout of their new chips yet.

They already deployed this using V2 Blades...

This the one using the 3m liquid emersion cooling?  Electric bill is still like 50k a month

And you know that how? Or just plucking figures out of the air?

[samsonn25]

The owner said it in an interview. Not in this article, another one.  Thats not even alot,  500 Gen 1 Avalons would pull an electricity bill like that.

[empoweoqwj]

The owner said it in an interview. Not in this article, another one.  Thats not even alot,  500 Gen 1 Avalons would pull an electricity bill like that.

Which article is that where he quotes the electric bill? Love to see it. I follow FC very closely and have not seen this interview.

[lightfoot]

This happened.

That's a custom-built Bitcoin mining facility in Hong Kong, with tens of thousand of liquid-cooled ASIC chips.

Dumbest. Idea. Ever. Like taking a Porsche and encasing it in concrete.

As for the jump? That's just me adding chips to Jalapenos. Sorry for the confusion :-)

[samsonn25]

The owner said it in an interview. Not in this article, another one.  Thats not even alot,  500 Gen 1 Avalons would pull an electricity bill like that.

Which article is that where he quotes the electric bill? Love to see it. I follow FC very closely and have not seen this interview.

Will try to look.

Do you think tens of thousands of liquid cooled asic chips probably running OC'd should have a lower monthly electricity bill?     Not so if they can mine 20-30 BTC a day.

[samsonn25]

Here ya go:  http://money.cnn.com/gallery/technology/2013/12/17/bitcoin-mine/5.html

[lightfoot]

Technically speaking, the guy should start under-clocking his chips as difficulty grows. Power use skyrockets at a certain point on the hash/space timeline, I'm fully intending on slowing my super-clocked jalapenos and singles down in the spring (reduce heat) and in the summer (so I can run them on solar arrays).

AT which point his cooling rigs become a liability. Whatever, investors need places to waste money.

[samsonn25]

Technically speaking, the guy should start under-clocking his chips as difficulty grows. Power use skyrockets at a certain point on the hash/space timeline, I'm fully intending on slowing my super-clocked jalapenos and singles down in the spring (reduce heat) and in the summer (so I can run them on solar arrays).

AT which point his cooling rigs become a liability. Whatever, investors need places to waste money.

Agreed. 

You are right.  For example to overclock a Asicminer Cube 27% needs 50-55% more power.  To OC Antminer s1 10% needs 20% more juice.

I guess because the lifespan of ASIC chips are so short 3-6 months it becomes old design and not as efficient trying to power the crap out of them in the short term is cheaper than Capital outlay for another chip which becomes a depreciated asset quickly.  

[empoweoqwj]

Here ya go:  http://money.cnn.com/gallery/technology/2013/12/17/bitcoin-mine/5.html

Cool thanks.

Just to point out though, AM built these things for their next-gen chips coming out in March:

https://bitcointalk.org/index.php?topic=438359.0

Their current blades etc. are terribly power inefficient.

[phazon307]

That's why you mine betacoin trust me

[lightfoot]

Yep, the guys should dunk GPUs in the tanks and mine CATCOIN!

C

[Nagle]

I should have posted a link to the article when I posted that picture. I didn't think it would need explanation here.

Anyway, that's what happened to the hash rate - industrial sized Bitcoin mining plants. Profitable mining in your parents' basement is over.

[lightfoot]

I should have posted a link to the article when I posted that picture. I didn't think it would need explanation here.

Anyway, that's what happened to the hash rate - industrial sized Bitcoin mining plants. Profitable mining in your parents' basement is over.

*looks over at his Single/25 hashing at 50gh
*looks over at his 8 chip jalapenos hashing at 30gh each.

Really? News to me.

C

[samsonn25]

Sold my AM Cubes (they were using 430 watts OC) at 38GH  for an antminer (380 watts stock) at 180 GH     besides it would take 6 cubes to equal one ANT!

[empoweoqwj]

Sold my AM Cubes (they were using 430 watts OC) at 38GH  for an antminer (380 watts stock) at 180 GH     besides it would take 6 cubes to equal one ANT!

Those cubes were funny. Trying to get the last bit of hashing "power" out of ancient technology.

[railzand]

Sold my AM Cubes (they were using 430 watts OC) at 38GH  for an antminer (380 watts stock) at 180 GH     besides it would take 6 cubes to equal one ANT!

Those cubes were funny. Trying to get the last bit of hashing "power" out of ancient technology.

ancient technology lol like metal coins, horsedrawn carts