Bitcoin Forum
June 27, 2024, 01:12:14 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: New mining era.  (Read 729 times)
algol68 (OP)
Newbie
*
Offline Offline

Activity: 2
Merit: 0


View Profile
February 03, 2019, 10:58:22 PM
 #1

I discovered an interesting project http://xtend.online and some articles about it
1. https://blog.usejournal.com/inside-the-new-crypto-mining-technology-that-will-redefine-the-industry-196529547c88
2. https://www.prlog.org/12735136-monero-confirms-xtend-onlines-hyperminers-are-berylium-bulletproof.html

In their white paper some devices has 1Gh\s from 1 device with 200watts usage in Ethereum.

Maybe someone heard about him.
Project has ICO but it was ended. Also it suspiciously little coverage in the media.
The articles describe the device is very vague.

But the recent ETC 51% attack may be initiated by them. ?

What do you think about it ? It is real ?
Must we sell our farms ?  Smiley
octominer
Jr. Member
*
Offline Offline

Activity: 248
Merit: 8


View Profile WWW
February 04, 2019, 07:33:20 AM
 #2

Seems interesting. I wonder how viable it really is.
Website has so little info and loads of missing/broken links. Also, team is super tiny for supposedly such an innovative products.
I would not invest in it, seems mega risky with so little information and no proof.
lostboynimit
Newbie
*
Offline Offline

Activity: 2
Merit: 0


View Profile
February 04, 2019, 07:47:42 AM
 #3

The fact that it states vertcoin still just makes me feel its shady lel Roll Eyes
xtendonline
Newbie
*
Offline Offline

Activity: 7
Merit: 0


View Profile
February 05, 2019, 10:42:41 AM
 #4

Hi Everyone.

I am Chris Ziomkowski, the CEO of XTend Online. A couple of issues I wanted to address. First, do not be fooled by the small size of our team. Google was founded by just 2 people, and today has nearly 100,000 employees.  Same with Apple. In fact, all companies begin with a small number of founders. We are no different.

With regard to chip design, nearly every chip ever created is done with a small team of "wizards". This includes complicated processors designed by companies like Intel. The remainder of the staff helps to write test procedures and speed the development by writing some of the more repetitive logic, but creation of an architecture does not require a large team. It just requires a few dedicated and experienced people who understand the problem they are solving. Large teams can make it go slightly faster.

My cofounder and I have been working on this architecture since 2017 when we first realized there was a lot of misinformation floating around. At the time, nobody was interested in hearing our opinion, so we decided the best way was simply to show people. 18 months later, we now have a real architecture to show, and are ready to bring this product to manufacture.

The small size of our team shows in things like our website, which unfortunately hasn't been updated since September, and still has vestiges of things that are no longer relevant. We are looking to add a social media manager and a web programmer to our team for the coming media push.

The technology is very real. We have tried to demonstrate to everyone that GPUs use a shared memory bus which creates an artificial bottleneck. Deep DRAM stacks limit the throughput to a few hundred GB's/sec. The Hyperminer architecture uses a fine grained mesh by contrast, which has a total memory bandwidth on the order of 2 Petabytes/sec. Removing this bottleneck pushes the performance limit out to the total bisection bandwidth of the mesh,  which is more than an order of magnitude greater than what is achievable by a shared memory bus.

You can imagine it like a car manufacturer. A GPU puts all the parts in one pile, and then says we can't go any faster because there are limits on how fast a person can pick a part from the pile and hand it out to a skilled craftsman who will build the whole car at his workshop.   Our architecture is more akin to a factory, where we presort all the parts into small piles, and then use an assembly line where each worker only does the specific task his station is specifically optimized for.  The limit becomes not in grabbing parts, but in moving partially built assemblies between various stations. This is horribly simplified, but it illustrates the point metaphorically.

I invite anyone with questions to engage me. I will also be at MPWR in Vancouver on March 12, so if you will also be there I will be happy to meet anyone and discuss how this will change the industry.  You don't have to believe me, but you do have to accept physics. This is coming and will have the same effect that GPUs had on CPUs. The industry is simply too large, there is too much at stake, and too many skilled people are getting involved.  As a community we need to transition away from GPUs and onto a 3rd generation of programmable hardware optimized for digital mining challenges.



xtendonline
Newbie
*
Offline Offline

Activity: 7
Merit: 0


View Profile
February 05, 2019, 10:57:20 AM
 #5

But the recent ETC 51% attack may be initiated by them. ?

No. We had nothing to do with the 51% attack. We don't have actual silicon yet. One of our goals with the Hyperminer technology is to help prevent 51% attacks by getting the right tools into as many hands as possible so that ASIC manufacturers have fewer attack vectors. In fact how to distribute our equipment without risking 51% attacks on smaller coins is very much one of our concerns. We are very interested in engaging the community on how to manage the transition away from GPUs.

Destroying the industry through 51% attacks serves nobody's interests in the long run.
luudee
Newbie
*
Offline Offline

Activity: 3
Merit: 0


View Profile
February 05, 2019, 04:34:50 PM
 #6


Hi,

I'm Rudolf Usselmann, one of the other cofounders.

With regard to chip design, nearly every chip ever created is done with a small team of "wizards". This includes complicated processors designed by companies like Intel. The remainder of the staff helps to write test procedures and speed the development by writing some of the more repetitive logic, but creation of an architecture does not require a large team. It just requires a few dedicated and experienced people who understand the problem they are solving. Large teams can make it go slightly faster.

Besides, are doing only the "easy" part in-house: front-end design and verification. The back-end and tape-out is being done by a service provider, with whom we work very closely. And they do have a team of 50+ guys doing P&R, layout and DRC.

rudi

RiceMiner69
Newbie
*
Offline Offline

Activity: 42
Merit: 0


View Profile
February 05, 2019, 05:47:48 PM
 #7

Hi Everyone.

I am Chris Ziomkowski, the CEO of XTend Online. A couple of issues I wanted to address. First, do not be fooled by the small size of our team. Google was founded by just 2 people, and today has nearly 100,000 employees.  Same with Apple. In fact, all companies begin with a small number of founders. We are no different.

With regard to chip design, nearly every chip ever created is done with a small team of "wizards". This includes complicated processors designed by companies like Intel. The remainder of the staff helps to write test procedures and speed the development by writing some of the more repetitive logic, but creation of an architecture does not require a large team. It just requires a few dedicated and experienced people who understand the problem they are solving. Large teams can make it go slightly faster.

My cofounder and I have been working on this architecture since 2017 when we first realized there was a lot of misinformation floating around. At the time, nobody was interested in hearing our opinion, so we decided the best way was simply to show people. 18 months later, we now have a real architecture to show, and are ready to bring this product to manufacture.

The small size of our team shows in things like our website, which unfortunately hasn't been updated since September, and still has vestiges of things that are no longer relevant. We are looking to add a social media manager and a web programmer to our team for the coming media push.

The technology is very real. We have tried to demonstrate to everyone that GPUs use a shared memory bus which creates an artificial bottleneck. Deep DRAM stacks limit the throughput to a few hundred GB's/sec. The Hyperminer architecture uses a fine grained mesh by contrast, which has a total memory bandwidth on the order of 2 Petabytes/sec. Removing this bottleneck pushes the performance limit out to the total bisection bandwidth of the mesh,  which is more than an order of magnitude greater than what is achievable by a shared memory bus.

You can imagine it like a car manufacturer. A GPU puts all the parts in one pile, and then says we can't go any faster because there are limits on how fast a person can pick a part from the pile and hand it out to a skilled craftsman who will build the whole car at his workshop.   Our architecture is more akin to a factory, where we presort all the parts into small piles, and then use an assembly line where each worker only does the specific task his station is specifically optimized for.  The limit becomes not in grabbing parts, but in moving partially built assemblies between various stations. This is horribly simplified, but it illustrates the point metaphorically.

I invite anyone with questions to engage me. I will also be at MPWR in Vancouver on March 12, so if you will also be there I will be happy to meet anyone and discuss how this will change the industry.  You don't have to believe me, but you do have to accept physics. This is coming and will have the same effect that GPUs had on CPUs. The industry is simply too large, there is too much at stake, and too many skilled people are getting involved.  As a community we need to transition away from GPUs and onto a 3rd generation of programmable hardware optimized for digital mining challenges.






You guys are shipping in Q3 of this year?  It would help us all who are interested if you would tell us what you will actually be shipping at what price point and what software we will/may need......

The details you have given are quite vague.

Thanks
yobigd20
Member
**
Offline Offline

Activity: 170
Merit: 10


View Profile
February 05, 2019, 08:54:17 PM
 #8

eth is already dead, so who cares
xtendonline
Newbie
*
Offline Offline

Activity: 7
Merit: 0


View Profile
February 06, 2019, 11:18:59 AM
 #9


You guys are shipping in Q3 of this year?  It would help us all who are interested if you would tell us what you will actually be shipping at what price point and what software we will/may need......

The details you have given are quite vague.

Thanks

Thank you for your comments Rice Miner.

We are doing our best to get the product out in the second half of 2019, but the delivery date is dependent on many factors, not the least of which is booking an available slot on the fab line. These are scheduled many months in advance, and we can't even begin this process until we complete our funding raise. So there are some unknowns here, but second half of 2019 is an aggressive target we are working hard to meet.

The first board we are shipping is basically what is described in our whitepaper. It is going to be a PCIe card that is essentially a replacement for GPUs in today's rigs. We want to help people reuse as much of their current infrastructure as they can. Since we don't have final silicon and wafer yields, we can not give exact prices, but we recognize there is a pricing barrier for many at around $2000 and are doing everything we can to keep the entry cost below that. That is for HMC-100, which offers performance of around 1 GHash/sec on Ethash, about half that on ProgPOW, around 25KHash on Cryptonight v8 (we keep increasing this slightly with efficiency improvements), and dramatically improved performance on all Equihash variants which we haven't finished characterizing yet. The card will ship with at least those algorithms above ready to go, and other variants will be added as fast as possible.

We understand many of you have existing mining solutions with user interfaces that you like and are comfortable with, so we intend to release an SDK that will allow all the existing software suppliers to support the architecture. This will give people an easy upgrade path and make the transition as painless as possible.  We are aware of the possibility for this tech to allow 51% attacks on some smaller coins, so as we get closer we will try to work closely with the mining community to make sure that strategies are in place to mitigate this possibility until the hardware become ubiquitous and easily available to everyone.

We will also simultaneously release a complete industrial mining chassis including 4 of the cards above for those who just want a plug and play solution. You can expect the performance of that to be 4 times the performance of a single card.

Since we want to support the developer and VAR community, you may find there is more give and take here than is typical with other equipment manufacturers. We want to avoid the situation where we are dictating to you, and would prefer instead to support the industry with what they want and need.  But we can not put the genie back in the bottle. If we don't make this product, someone else will. GPUs are going away except in special circumstances, such as mining for virtual items during game play.

Any other questions or comments, please speak up.
xtendonline
Newbie
*
Offline Offline

Activity: 7
Merit: 0


View Profile
February 06, 2019, 11:27:22 AM
 #10

eth is already dead, so who cares

This technology will affect much more than Ethereum. It is basically a replacement for GPUs in all algorithms, and is going to provide a new fabric for development of mining algorithms and research into blockchain security.
RiceMiner69
Newbie
*
Offline Offline

Activity: 42
Merit: 0


View Profile
February 06, 2019, 12:40:33 PM
 #11

Thanks for the explanation Chris. I would suggest that once you guys are ready, you send a prototype over to one of the senior members of this board for their review and verification.... if what you says is true and works, you will sell a ton....
yobigd20
Member
**
Offline Offline

Activity: 170
Merit: 10


View Profile
February 06, 2019, 09:18:22 PM
 #12

You know how to know this is a scam? Because the OP is a new account and this thread turned into an advertisement for another fpga scam.  Clearly they wrote the op post themselves.
xtendonline
Newbie
*
Offline Offline

Activity: 7
Merit: 0


View Profile
February 07, 2019, 02:24:21 PM
 #13

You know how to know this is a scam? Because the OP is a new account and this thread turned into an advertisement for another fpga scam.  Clearly they wrote the op post themselves.

Hi Yobigd20.

I can understand how you might arrive at that conclusion, but in fact we have no relation at all to Algol68. Also, if you take the time to investigate, you will realize:

1. This is not a scam.  The technology is described in technical detail in a way that is generally accessible.
2. This is most definitely not an FPGA. As stated in the beginning of the article, FPGAs are much too expensive and inefficient.
3. My personal history going back to my days at Caltech is fully available online. You can verify all my credentials, and I am completely willing to engage with anyone that has a serious question. I have absolutely zero to hide. You can come meet me in person if you want.

There is no selling going on here at all. I haven't asked for a penny from anyone. I just think everyone deserves a heads up as to what is coming in the future.  You can use the information presented here however you wish, but it is important that people are made aware of it, as there is too much misinformation floating around already.

chup
Sr. Member
****
Offline Offline

Activity: 736
Merit: 262


Me, Myself & I


View Profile
February 07, 2019, 03:04:58 PM
 #14


I can understand how you might arrive at that conclusion, but in fact we have no relation at all to Algol68. Also, if you take the time to investigate, you will realize:


Of course there is no relation. It's equation.

Someone is taking bet that ETH will switch to ProgPow sooner than this "project" realizes?

 Roll Eyes


Brubilla
Newbie
*
Offline Offline

Activity: 45
Merit: 0


View Profile
February 07, 2019, 03:34:52 PM
 #15

You know how to know this is a scam? Because the OP is a new account and this thread turned into an advertisement for another fpga scam.  Clearly they wrote the op post themselves.

Hi Yobigd20.

I can understand how you might arrive at that conclusion, but in fact we have no relation at all to Algol68. Also, if you take the time to investigate, you will realize:

1. This is not a scam.  The technology is described in technical detail in a way that is generally accessible.
2. This is most definitely not an FPGA. As stated in the beginning of the article, FPGAs are much too expensive and inefficient.
3. My personal history going back to my days at Caltech is fully available online. You can verify all my credentials, and I am completely willing to engage with anyone that has a serious question. I have absolutely zero to hide. You can come meet me in person if you want.

There is no selling going on here at all. I haven't asked for a penny from anyone. I just think everyone deserves a heads up as to what is coming in the future.  You can use the information presented here however you wish, but it is important that people are made aware of it, as there is too much misinformation floating around already.




You want to come along professional?

Fix your website
Actually link your social media
Provide some videos of work in progress / prototype (which you should have already, otherwise Q2/3 is not happening)
Send a prototype to legit btct members to test

Until than, try harder
lunobird
Full Member
***
Offline Offline

Activity: 846
Merit: 115


View Profile
February 07, 2019, 05:30:17 PM
 #16

Yep crypto is filled with scams and hot air. Scam until proven
otherwise. Putt up or shut up.
luudee
Newbie
*
Offline Offline

Activity: 3
Merit: 0


View Profile
February 07, 2019, 06:27:40 PM
 #17


Of course there is no relation. It's equation.

Someone is taking bet that ETH will switch to ProgPow sooner than this "project" realizes?

 Roll Eyes



Doesn't matter to us what algorithm they will use. Our ASIC is configurable, we can solve any algorithm.

No need to believe us. We have nothing to sell yet, and no reason to convince you otherwise.

Once we have our product ready, we will ship samples to various sites for review.

Cheers,
rudi
luudee
Newbie
*
Offline Offline

Activity: 3
Merit: 0


View Profile
February 07, 2019, 06:34:38 PM
 #18


You want to come along professional?

Fix your website
Actually link your social media
Provide some videos of work in progress / prototype (which you should have already, otherwise Q2/3 is not happening)
Send a prototype to legit btct members to test

Until than, try harder


You are absolutely right.

We have lots of work in front of us. We are not ready for mainstream just yet.

We (XTend Online) DID NOT start this thread but tried to shed some light because
of the inquiry.

Don't blame you guys for being skeptical. Please, give us a  break. Just sit back
and see what happens. We are not trying to take your money or convince you to
do anything different from what you are doing ...

Cheers,
rudi

Iamtutut
Full Member
***
Offline Offline

Activity: 1120
Merit: 131


View Profile
February 12, 2019, 03:22:19 PM
 #19

Company based in mauritius, red flag to me.
Metroid
Sr. Member
****
Offline Offline

Activity: 2142
Merit: 353


Xtreme Monster


View Profile
February 12, 2019, 03:35:40 PM
 #20

They will always deny the scams cause are only small scams, as soon as they score a huge scam they disappear and you never hear from them anymore hehe, like gawminers, the greatest scam to date.

BTC Address: 1DH4ok85VdFAe47fSVXNVctxkFhUv4ujbR
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!