Gridseed Asic Miner Preview

[Don007]

That's great! Have fun with those great miners.

Would love to buy a few of them someday. If your electicity price is high, such devices are great.

[Anddos]

where is that evidence of them burning out?

[jamesc760]

GPU's can be sold on eBay for almost the same price as when you bought them, and also you can use GPU's for actually playing games on your computer. Gridchips? Not so much.

[dropt]

GPU's can be sold on eBay for almost the same price as when you bought them, and also you can use GPU's for actually playing games on your computer. Gridchips? Not so much.

How do you know?  Could you point me to where you tried to sell Gridchips and failed?

[dropt]

Good, keep the price high.  We need to keep asics away from scrypt.

Keeping the prices is high is not going to keep ASICs away from Scrypt.  They're coming.  You can either adapt and join the ASIC revolution or die out like those mining BTC with GPUs who refused to conform did.

[lightyear69]

There is so much electricity and computing power getting wasted in mining

Good profitable business for the companies making required hardware 

I was planning to start mining but decided otherwise considering the costs associated with and decided to play safe to invest in some a other digital currency like litecoin or XNF-NoFiatCoin which does not  make a hole in pocket.

[Moebius327]

Good, keep the price high.  We need to keep asics away from scrypt.

Keeping the prices is high is not going to keep ASICs away from Scrypt.  They're coming.  You can either adapt and join the ASIC revolution or die out like those mining BTC with GPUs who refused to conform did.

I cannot agree more. Seems some forget about the 1st bitcoin ASIC generation ROI.

But you guys should not miss the next one which will be released on Feb for scrypt only like 3MH per, revealed by the gridseed company's official post.

So how about 2nd Gen 30 000 Kh/s for $2000 in February? Do I have your attention?

[loader140]

Good, keep the price high.  We need to keep asics away from scrypt.

Keeping the prices is high is not going to keep ASICs away from Scrypt.  They're coming.  You can either adapt and join the ASIC revolution or die out like those mining BTC with GPUs who refused to conform did.

I cannot agree more. Seems some forget about the 1st bitcoin ASIC generation ROI.

But you guys should not miss the next one which will be released on Feb for scrypt only like 3MH per, revealed by the gridseed company's official post.

So how about 2nd Gen 30 000 Kh/s for $2000 in February? Do I have your attention?

Yeah I agrre with the BTC ones had a quick ROI, but these scrypt ones don't offer as much of a benefit as the BTC ones did, if LTC goes up then yeah it will have the same ROI but if it doesn't go up tat much it won't.

If I buy 10 ASIC miners (gridseed) they will net me 3-3.6M/hash for £1550+ but for that I could build a mining rig (GPU) and net about another 1M/hash so about 4-4.6M/hash in total, yeah they may use more power, but in the cold weather like now they can heat up my house XD so it will lower my heating costs and the excess power that the GPU miner will use will be ofset by the other 1M/hash (and then some).

So batch 1 of the scrypt asics won't be that great, but I think that when gen 2 comes around that will be the end of GPU mining forever (unless scrypt coins all do a hard fork to increase the memory needed so they are then rendered useless so no point of having them.

I take that back, as AMD and Nvidia (only AMD im worried about) in 2014 are going to be brining out their 20nm manufacturing process in GPU making and GDDR6 (maybe 2015) but they predict the speed of 1 single card with GDDR6 RAM and 20nm manufacturing process can net ~2M/hash at the same cost of a 280x or 7970 today, so I am not too worried yet, I will be if they bring out like a 1G/hash one in the next few years XD

Just my 2 cents

Edit-Also the 30M/hash one you're on about I think you might have taken the total for ALL 10 GRIDSEEDS in a pack which nets 3M/hash in total (330K/hash per usb device (10 of them for £1550+)

[yelloyello]

So after all the talk: The unanswered question: where to buy?

[loader140]

So after all the talk: The unanswered question: where to buy?

HASHRA.com XD they are the only place I think aren't scammers and have some in stock (I could be wrong but they lok good and sound genuine)

[miter_myles]

So after all the talk: The unanswered question: where to buy?

HASHRA.com XD they are the only place I think aren't scammers and have some in stock (I could be wrong but they lok good and sound genuine)

Negative - ref - https://bitcointalk.org/index.php?topic=416672.msg4835934#msg4835934

I doubt there is "much" stock of these anywhere since the CNY... one would expect Mid-Feb shipping on anything gridseed

[Easy2Mine]

When this stuff flood the market, LTC will become harder to mine.
I hope the LTC prize also going up.
I already start to collect LTC.

[Beastlymac]

When this stuff flood the market, LTC will become harder to mine.
I hope the LTC prize also going up.
I already start to collect LTC.

When more of these ship LTC won't be Easy2Mine (sorry couldn't resist  ) Anymore. That will also hopefully drive the LTC value up.

[Easy2Mine]

I never mined LTC before, I trade some BTC for LTC.
I have always mined BTC except for 2 days I have mined Solidcoin.
After that I alway look down at altcoins.

There are recently events in LTC land that trigger my instinct.
I recently download LTC client and made a wallet to start collecting LTC.
They are cheap now, but not for long.

[vpasic]

When this stuff flood the market, LTC will become harder to mine.
I hope the LTC prize also going up.
I already start to collect LTC.

When more of these ship LTC won't be Easy2Mine (sorry couldn't resist  ) Anymore. That will also hopefully drive the LTC value up.

Nope!
Difficulty has nothing to do with value of any coin.

[ofeefee]

since these mine ltc (scrypt) does that mean they can also mine other scrypt coins?

[fsb4000]

since these mine ltc (scrypt) does that mean they can also mine other scrypt coins?

yes

[Beastlymac]

When this stuff flood the market, LTC will become harder to mine.
I hope the LTC prize also going up.
I already start to collect LTC.

When more of these ship LTC won't be Easy2Mine (sorry couldn't resist  ) Anymore. That will also hopefully drive the LTC value up.

Nope!
Difficulty has nothing to do with value of any coin.

That is just my opinion.

[vpasic]

When this stuff flood the market, LTC will become harder to mine.
I hope the LTC prize also going up.
I already start to collect LTC.

When more of these ship LTC won't be Easy2Mine (sorry couldn't resist  ) Anymore. That will also hopefully drive the LTC value up.

Nope!
Difficulty has nothing to do with value of any coin.

That is just my opinion.

ok, I respect that.
but check this out.

take a look at the value history and you will notice that LTC value was always BUT ALWAYS aroudd 2.5-3% of BTC value.
btc value goes up, ltc value goes up!
btc value goes down, ltc value goes down!
and ltc it's always 2.5-3% of btc value!
do you see the point???
you really think that rising in LTC difficulty will rise value of LTC?
never happened with any crypto and sure not going to happen with LTC ether.

[xbitcoinx]

The 9 facts you guys shouldn't ignore below

1. a current phase is for public test. the miner isn't very stable yet.
2. It's not Pre-order, but they have the real one on sale.
3. they are afford to manufacture very few amounts atm, guesstimate it sold about 500 miners for a week.
4. the chip designer(s) of gridseed was(were) ex-Avalon IC team member, Gridseed miner has 55nm process also.
5. the official claim of hashrate was in case of dual mining 8G per miner for btc, 300kh for scrypt.
6. The current miner's board has installed 5 chips, each chip was made up 160 hash function core and 4 scrypt core.
7. they announced it would be available soon for 2nd Gen miner like 96 scrypt cores of scrypt mining only due to serious nm competition of btc mining.
8. 7w per 300kh, it has very good power efficiency, the scrypt(ltc, doge)miner can be spread out to a owner of household power right now.
9. Hellya a Summer coming. 


here extra infos for someone who didn't ever catch the detail info of gridseed usb miners
official website : gridseed.com
official sales website : DigInForce.com, it's off currently due to lunar new year holidays,
Gidhub for datasheet, miner source : https://github.com/gridseed/


Who know if kncminer could supply his 28nm btc chip to gridseed then it's not just a dream like a hybrid miner with TeraBTC, Giga LTC, eventually what would happened to a entire Mining Eco.