kilo17
Legendary
 Offline
Activity: 980
Merit: 1001
aka "whocares"
|
 |
February 18, 2016, 07:35:32 AM |
|
Here is my personal favorite- check out the last paragraph shown below. 1- Who's hardware are they using? They are using about 1 megawatt for 1.8 Ph - ouch 2- It obviously shows they SP50 has not been deployed. 3- If they are expanding hash with poor efficient miners then they must be hurting and need to generate some cash flow to keep the boat afloat.  |
Bitcoin Will Only Succeed If The Community That Supports It Gets Support - Support Home Miners & Mining
|
|
|
Unacceptable
Legendary
Offline
Activity: 2212
Merit: 1001
|
|
February 18, 2016, 01:48:02 PM |
|
So they (BTCS) made about $500,000 in BTC (1,797 BTC at $250 each) in 2015,then deduct electric  |
"If you run into an asshole in the morning, you ran into an asshole. If you run into assholes all day long, you are the asshole." -Raylan Givens Got GOXXED ?? https://www.youtube.com/watch?v=9KiqRpPiJAU&feature=youtu.be"An ASIC being late is perfectly normal, predictable, and legal..."Hashfast & BFL slogan  |
|
|
jamesg
VIP
Legendary
Offline
Activity: 1358
Merit: 1000
|
|
February 18, 2016, 02:38:02 PM |
|
Based off of BTCS own numbers, it costs them $125,870 per month to run their 1.8Ph/s.
At current difficulty (144,116,447,847) and price ($419/BTC), they make ~44 BTC per week, or ~$18.5k per week. So they are completely in the RED on operations or have shut down, aka, no revenue.
They've also stated that these operational numbers were gross, so they probably do not take into account personnel and other ancillary costs.
|
|
|
|
|
notlist3d
Legendary
Offline
Activity: 1456
Merit: 1000
|
|
February 18, 2016, 04:58:42 PM |
|
Based off of BTCS own numbers, it costs them $125,870 per month to run their 1.8Ph/s.
At current difficulty (144,116,447,847) and price ($419/BTC), they make ~44 BTC per week, or ~$18.5k per week. So they are completely in the RED on operations or have shut down, aka, no revenue.
They've also stated that these operational numbers were gross, so they probably do not take into account personnel and other ancillary costs.
I love that this company is public we get to see inside which most we don't. With others keeping private we will likely never see info like we do with SP. It is interesting to say the least. I don't see how they are going for different market then Bitfury though from Dogies pic. I think SP and Bitfury will be fighting for the same big operations. And bitfury threw a heck of a punch with demos of chip already, and beating SP50 specs. I think SP has a hard time coming up. Biggest chance i see is if they can beat bitfury on price. And we have no idea what that price is right now. I'm still wondering if they are making SP50 or call it a sunk cost. Seems hard to justify when you know your chip is already beat. How it's been same rendering for so long I think sunk cost is more and more likely. |
|
|
|
|
Unacceptable
Legendary
Offline
Activity: 2212
Merit: 1001
|
|
February 19, 2016, 02:17:03 AM |
|
Based off of BTCS own numbers, it costs them $125,870 per month to run their 1.8Ph/s.
At current difficulty (144,116,447,847) and price ($419/BTC), they make ~44 BTC per week, or ~$18.5k per week. So they are completely in the RED on operations or have shut down, aka, no revenue.
They've also stated that these operational numbers were gross, so they probably do not take into account personnel and other ancillary costs.
I love that this company is public we get to see inside which most we don't. With others keeping private we will likely never see info like we do with SP. It is interesting to say the least. I don't see how they are going for different market then Bitfury though from Dogies pic. I think SP and Bitfury will be fighting for the same big operations. And bitfury threw a heck of a punch with demos of chip already, and beating SP50 specs. I think SP has a hard time coming up. Biggest chance i see is if they can beat bitfury on price. And we have no idea what that price is right now. I'm still wondering if they are making SP50 or call it a sunk cost. Seems hard to justify when you know your chip is already beat. How it's been same rendering for so long I think sunk cost is more and more likely. Sidehack has said he would not like to work with SP's chips,too complicated,sooo not worth the effort & time  |
"If you run into an asshole in the morning, you ran into an asshole. If you run into assholes all day long, you are the asshole." -Raylan Givens Got GOXXED ?? https://www.youtube.com/watch?v=9KiqRpPiJAU&feature=youtu.be"An ASIC being late is perfectly normal, predictable, and legal..."Hashfast & BFL slogan |
|
|
dogie
Legendary
Offline
Activity: 1666
Merit: 1185
dogiecoin.com
|
|
February 19, 2016, 03:14:46 AM |
|
Based off of BTCS own numbers, it costs them $125,870 per month to run their 1.8Ph/s.
At current difficulty (144,116,447,847) and price ($419/BTC), they make ~44 BTC per week, or ~$18.5k per week. So they are completely in the RED on operations or have shut down, aka, no revenue.
They've also stated that these operational numbers were gross, so they probably do not take into account personnel and other ancillary costs.
I love that this company is public we get to see inside which most we don't. With others keeping private we will likely never see info like we do with SP. It is interesting to say the least. I don't see how they are going for different market then Bitfury though from Dogies pic. I think SP and Bitfury will be fighting for the same big operations. And bitfury threw a heck of a punch with demos of chip already, and beating SP50 specs. I think SP has a hard time coming up. Biggest chance i see is if they can beat bitfury on price. And we have no idea what that price is right now. I'm still wondering if they are making SP50 or call it a sunk cost. Seems hard to justify when you know your chip is already beat. How it's been same rendering for so long I think sunk cost is more and more likely. Sidehack has said he would not like to work with SP's chips,too complicated,sooo not worth the effort & time That was in relation to the previous generation's fat chips. SP50s are estimated to be ~20W compared to the SP35s of ~110W. |
|
|
|
Guy Corem (OP)
Donator
Legendary
Offline
Activity: 1414
Merit: 1051
Spondoolies, Beam & DAGlabs
|
|
February 20, 2016, 07:59:47 PM |
|
|
|
|
|
dropt
Legendary
Offline
Activity: 1512
Merit: 1000
|
|
February 20, 2016, 08:33:25 PM |
|
|
|
|
|
|
|
tvasbn
|
|
February 20, 2016, 08:54:54 PM |
|
so that was causing current price bump |
|
|
|
|
OgNasty
Donator
Legendary
Offline
Activity: 5180
Merit: 5656
Leading Crypto Sports Betting & Casino Platform
|
|
February 20, 2016, 08:58:34 PM |
|
I am glad to see these people agreeing on things. |
| ..Stake.com.. | | | ▄████████████████████████████████████▄
██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄
██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████
██ ██████████ ██ ██ ██████████ ██ ▀██▀
██ ██ ██ ██████ ██ ██ ██ ██ ██
██ ██████ ██ █████ ███ ██████ ██ ████▄ ██
██ █████ ███ ████ ████ █████ ███ ████████
██ ████ ████ ██████████ ████ ████ ████▀
██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
██ ▀▀▀▀▀▀▀▀▀▀ ██
▀█████████▀ ▄████████████▄ ▀█████████▀
▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄
██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█ ▄▀▄ █▀▀█▀▄▄
█ █▀█ █ ▐ ▐▌
█ ▄██▄ █ ▌ █
█ ▄██████▄ █ ▌ ▐▌
█ ██████████ █ ▐ █
█ ▐██████████▌ █ ▐ ▐▌
█ ▀▀██████▀▀ █ ▌ █
█ ▄▄▄██▄▄▄ █ ▌▐▌
█ █▐ █
█ █▐▐▌
█ █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀ ▐█▌ ▀█▄
██ ▐█▌ ██
████▄ ▄█████▄ ▄████
████████▄███████████▄████████
███▀ █████████████ ▀███
██ ███████████ ██
▀█▄ █████████ ▄█▀
▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀
▀███████ ███████▀
▀█████▄ ▄█████▀
▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
dogie
Legendary
Offline
Activity: 1666
Merit: 1185
dogiecoin.com
|
|
February 20, 2016, 09:08:03 PM |
|
I am glad to see these people agreeing on things. A rather mixed bunch of people, most of whom were on the same side anyway. Apart from Guy of course, who is still advocating for a PoW change. |
|
|
|
|
|
Guy Corem (OP)
Donator
Legendary
Offline
Activity: 1414
Merit: 1051
Spondoolies, Beam & DAGlabs
|
|
February 20, 2016, 09:19:27 PM |
|
|
|
|
|
Fatman3001
Legendary
Offline
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
|
|
February 20, 2016, 09:29:31 PM |
|
Clever bunch. Let the guy with the blue hair take the picture. |
"I predict the Internet will soon go spectacularly supernova and in 1996 catastrophically collapse." - Robert Metcalfe, 1995
|
|
|
padrino
Legendary
Offline
Activity: 1428
Merit: 1000
https://www.bitworks.io
|
|
February 20, 2016, 09:32:26 PM |
|
Glad to see a solid group working the issues... |
|
|
|
Guy Corem (OP)
Donator
Legendary
Offline
Activity: 1414
Merit: 1051
Spondoolies, Beam & DAGlabs
|
|
February 20, 2016, 09:32:34 PM |
|
https://twitter.com/thebluematt was probably outside. The picture was taken by another guy from the Bitcoin Association in Hong Kong, our kind hosts.
|
|
|
|
Fatman3001
Legendary
Offline
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
|
|
February 20, 2016, 10:32:01 PM |
|
|
"I predict the Internet will soon go spectacularly supernova and in 1996 catastrophically collapse." - Robert Metcalfe, 1995
|
|
|
RoadStress
Legendary
Offline
Activity: 1904
Merit: 1007
|
|
February 21, 2016, 12:03:48 AM |
|
Thanks everyone for their effort! |
|
|
|
Guy Corem (OP)
Donator
Legendary
Offline
Activity: 1414
Merit: 1051
Spondoolies, Beam & DAGlabs
|
|
February 22, 2016, 11:48:18 PM |
|
|
|
|
|
el_rlee
Legendary
Offline
Activity: 1601
Merit: 1014
|
|
February 23, 2016, 07:08:06 AM |
|
|
|
|
|
|
|
