Gridseed Asic Miner Preview

[redmonski]

^^
Hi, any technical people here? What's the implication of increase in scrypt cores from 4 to 96 in speed and efficiency? 

[Easy2Mine]

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

That is partial true.
Difficulty has nothing to do with value of any coin in short term.
But if we look at long term, it does.
I am here for long term, not for short term.
Beside the increase difficulty of LTC, there is a major breakthrough for a LTC payment processor.

[Mule]

Great Job!

[chirale]

Has anyone tried to run these units on linux machines? tnx

[BitCoinPokerBro]

Can anyone verify this site is legit? http://hashra.com/scrypt-miners/

It's the only site in English posted throughout the thread.

[xbitcoinx]

Can anyone verify this site is legit? http://hashra.com/scrypt-miners/

It's the only site in English posted throughout the thread.

there is nothing any official distributor ouside of china mainland.
never recommend u guys gonna buy gridseed miner from unofficial sales websites though they might have some stuffs in stock. Besides I don't think they have a certain Warranty policy.
the official distributor are only two sources atm, diginforce.com and cybtc.com.
just wait for them to re-start sales after lunar new year ends up.

[ISAWHIM]

Nice to see a good Gen-1 Scrypt ASIC that is "on par" with GPU miners, still with an advantage over GPU mining. (Wow to that power-use being so small!)

It is time for GPU's to retire back to being used for gaming. Give the gamers some of the GPU's we took from them, back for a discount. (They all earned us plenty in the life they gave us.)

The next wave of Gen-2 miners will be a big step in solidifying alt-coins, or merging values between the two variations. ASIC's didn't kill any coins, they made them more valuable, all of them. Just as they will do for Scrypt-coins, directly now. (Provided the prices come down to match the values of comparable hardware to SHA-256 miners. EG, $6,000 buying you a device that will ROI at the same time as its SHA-256 counter-part, which also sells for $6,000.)

As for design, as a scrypt-miner... Might want to re-design a "scrypt-only" mining cooler. (Having them all stack is a great idea, if the cooling was pulled from between the units. Stacking like slices of bread, with a shared cooler between two units. Remember, that huge cooler is for running in SHA-256 mode, to remove tons of heat. In Scrypt-mode alone, if locked to that mode, it is over-kill for that board.)

Sell just the boards, without the heat-sink or dedicated controller, drop the price by 80% {down to $1200 for 6MHs}, and I will buy a whole farm myself. (Note: If alt-coins value rises to 200%, then $2400 would be acceptable for a 6MHs to be equal to new ASICs. Which it might do, over the next few months.)

Otherwise it is cheaper to buy a SHA-256 ASIC to mine, and just buy scrypt-coins with the BTC you earn.

Oh, just for the record, I am getting one of the 20-packs (6MHs units). If only for the replacement of one of my existing GPU rigs that needs retirement. (Though, I have also already purchased a SHA-256 ASIC, for the same price, that will produce 5x {500%} the value that this Scrypt-miner will ever produce. $300/SHA256 per day V.S. $60/Scrypt per day, for $6000 worth of the similar hardware.)

Two thumbs up for this review, and product! Still worth purchasing for supporting the next-gen, just because it does give a ROI.

[milly6]

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

That is partial true.
Difficulty has nothing to do with value of any coin in short term.
But if we look at long term, it does.
I am here for long term, not for short term.
Beside the increase difficulty of LTC, there is a major breakthrough for a LTC payment processor.

Difficulty does not have anything to do with the value, technically. But difficulty can, will, and does effect value of a coin on a regular basis. If bitcoin difficulty was 100, would it be worth this much? Probably not.

[Easy2Mine]

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

That is partial true.
Difficulty has nothing to do with value of any coin in short term.
But if we look at long term, it does.
I am here for long term, not for short term.
Beside the increase difficulty of LTC, there is a major breakthrough for a LTC payment processor.

Difficulty does not have anything to do with the value, technically. But difficulty can, will, and does effect value of a coin on a regular basis. If bitcoin difficulty was 100, would it be worth this much? Probably not.

I have mine a few BTC from june 2011 till now, but with trading I have earn almost 10 fold the amount I have mined today.
All the coins are spread in different wallets.
I am all ear to learn from you how to improve my trading skills.

[scryptographer]

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

That is partial true.
Difficulty has nothing to do with value of any coin in short term.
But if we look at long term, it does.
I am here for long term, not for short term.
Beside the increase difficulty of LTC, there is a major breakthrough for a LTC payment processor.

Without having studied the subject extensively, I would think that if there is a correlation between price and difficulty, it would be the price that caused a change in difficulty.
Price goes up, the coin becomes more attractive to mine, causing miners to join in, and thus pushing the difficulty up.

In my head it makes sense that this correlation would be stronger on altcoins, but less so on bitcoins. Bitcoins are all ASIC mining by now, and there are limited options to redirect the available hashing power elsewhere.

[vpasic]

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

That is partial true.
Difficulty has nothing to do with value of any coin in short term.
But if we look at long term, it does.
I am here for long term, not for short term.
Beside the increase difficulty of LTC, there is a major breakthrough for a LTC payment processor.

Without having studied the subject extensively, I would think that if there is a correlation between price and difficulty, it would be the price that caused a change in difficulty.
Price goes up, the coin becomes more attractive to mine, causing miners to join in, and thus pushing the difficulty up.

In my head it makes sense that this correlation would be stronger on altcoins, but less so on bitcoins. Bitcoins are all ASIC mining by now, and there are limited options to redirect the available hashing power elsewhere.

this is also acceptable point of view but definitely not otherwise!
just look at btc value/diff history!!
since beginning of the 2013 and $260 btc value spike and drop to around $100 nothing really changed in value for months and difficulty was jumping all the time since BFL and Avalon shipped units massively! and then at the end of 2013 value of BTC jumped to $1000+ because of the Asia madness for BTC and sure not because of the difficulty!
so, Value UP -> Popularity UP -> Diff UP!
Logic!!!
and "Diff UP -> Value UP" never happened and sure not gonna happen in the future!
not for any coin and sure not for btc!
it is crazy to even think in that direction and specially crazy to believe in such a theory and make any money investments based on that!!!

[GoldMath]

So it's not a Scrypt coins killer ? I'm Right ? 

[Don007]

So it's not a Scrypt coins killer ? I'm Right ? 

What do you mean?

You can mean Scrypt based coins with these devices. Not Scrypt Jane based coins (such as QQcoin and Applecoin) however.

[Warning__3]

Nice to see a good Gen-1 Scrypt ASIC that is "on par" with GPU miners, still with an advantage over GPU mining. (Wow to that power-use being so small!)

It is time for GPU's to retire back to being used for gaming. Give the gamers some of the GPU's we took from them, back for a discount. (They all earned us plenty in the life they gave us.)

The next wave of Gen-2 miners will be a big step in solidifying alt-coins, or merging values between the two variations. ASIC's didn't kill any coins, they made them more valuable, all of them. Just as they will do for Scrypt-coins, directly now. (Provided the prices come down to match the values of comparable hardware to SHA-256 miners. EG, $6,000 buying you a device that will ROI at the same time as its SHA-256 counter-part, which also sells for $6,000.)

As for design, as a scrypt-miner... Might want to re-design a "scrypt-only" mining cooler. (Having them all stack is a great idea, if the cooling was pulled from between the units. Stacking like slices of bread, with a shared cooler between two units. Remember, that huge cooler is for running in SHA-256 mode, to remove tons of heat. In Scrypt-mode alone, if locked to that mode, it is over-kill for that board.)

Sell just the boards, without the heat-sink or dedicated controller, drop the price by 80% {down to $1200 for 6MHs}, and I will buy a whole farm myself. (Note: If alt-coins value rises to 200%, then $2400 would be acceptable for a 6MHs to be equal to new ASICs. Which it might do, over the next few months.)

Otherwise it is cheaper to buy a SHA-256 ASIC to mine, and just buy scrypt-coins with the BTC you earn.

Oh, just for the record, I am getting one of the 20-packs (6MHs units). If only for the replacement of one of my existing GPU rigs that needs retirement. (Though, I have also already purchased a SHA-256 ASIC, for the same price, that will produce 5x {500%} the value that this Scrypt-miner will ever produce. $300/SHA256 per day V.S. $60/Scrypt per day, for $6000 worth of the similar hardware.)

Two thumbs up for this review, and product! Still worth purchasing for supporting the next-gen, just because it does give a ROI.

what happens when btc difficulty goes up about 75% each month and after 3 month you sha-256 rig will produce about $35 each day?