Bitcoin Forum
December 08, 2016, 02:25:20 AM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  

Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 [31] 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 »
  Print  
Author Topic: [796.com] RedStarMining.com - the oldest public mining security [15.0(TH/s)]  (Read 112574 times)
matthewh3
Legendary
*
Offline Offline

Activity: 1372



View Profile WWW
June 23, 2013, 01:22:25 PM
 #601

Quote
Josh@BFL - 22 June 2013 - ASIC Update

I haven't updated in awhile because I thought the shipping was self explanatory, but people seem to be clamoring for an update, so here we are.

We have been working our way through the backlog of orders over the past month. Production is slowly ramping up and we are easily able to manufacture 200 units a day currently - there will be no problem hitting 400 units a day once things are in full production. Right now, we are stymied by the inflow of chips. However, the inflow rate of chips is increasing and we expect it to be quite high within the next week or two. It's been a long road to smoothing out these bottlenecks here and there.

Lots of Jalapeno's have been sent out the door, as well as some singles and minirigs. Production on the longoard lines are really going to start to ramp up next week and the following weeks.

We have been refining the firmware for both the short board but mostly for the longboard. One of the primary changes has been to switch from a one job per board method to a one job per chip method. This has fixed a lot of the latency issues we were experiencing with the early firmware and what held up production on some of the 60 GH/s units. We have not yet finished the XLINK portion of the firmware to be operating at 100% yet, so the first few minirigs that are going out the door are shipping as individual USB devices (8 per box) instead of 1 big USB device. Going forward, once the XLINK stuff is finalized, minirigs will be shipped out as XLINK equipped.

We will continue to refine the firmware as we go along. With the current firmware, we are seeing between 260w to 280w per 60 GH/s unit, or 4.3w - 4.6w per GH at the wall on 120v. Actual chip wattage is just under 3w per GH.

In other news, we have released all the documentation necessary for people to begin creating their own boards to house our chips and we have begun selling our chips in bulk. The first deliveries of our chips are expected in roughly 100 days from the time of order. We still expect the current back order backlog to be cleared by the middle of September or so, although given what we can likely achieve with our production rate, I suspect it may be sooner than that. No guarantees on that either way, though.

Also did any of our investors want first choice on the 80 chip vouchers we have.

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481163920
Hero Member
*
Offline Offline

Posts: 1481163920

View Profile Personal Message (Offline)

Ignore
1481163920
Reply with quote  #2

1481163920
Report to moderator
chalbersma
Full Member
***
Offline Offline

Activity: 154


View Profile WWW
June 24, 2013, 02:39:12 PM
 #602

How much would it cost for RSM to buy up all these chips directly. If it's above our current finances should we consider offering a bond on BTCT for purchase of these chips? This would give us some significant hashing power and a long term hashing solution.
matthewh3
Legendary
*
Offline Offline

Activity: 1372



View Profile WWW
June 24, 2013, 02:57:27 PM
 #603

How much would it cost for RSM to buy up all these chips directly. If it's above our current finances should we consider offering a bond on BTCT for purchase of these chips? This would give us some significant hashing power and a long term hashing solution.

The discount codes are worth $2,000 and 100 chips is the minimum purchase.  If we can find a group buy project for devices built from BFL chips I would prefer to put them into one.  Where we swap our 80 chip codes for a device with 40 chips.  So can investors please keep an eye for such a project.  Even if we only get a 20 chip device for our 80 chips discount codes I would prefer to do that then sell them for $1,000 of BTC.  As a 20 chip device should give us an extra 100(GH/s) which would cost us $4,000 to buy.  So getting a $4,000 ASIC would be a better deal than selling the chip codes for $1,000 of BTC.  The project would also get 20 free chips out of the deal.  So please keep an eye for such a BFL chip build/buy project.

chalbersma
Full Member
***
Offline Offline

Activity: 154


View Profile WWW
June 24, 2013, 09:42:36 PM
 #604

How much would it cost for RSM to buy up all these chips directly. If it's above our current finances should we consider offering a bond on BTCT for purchase of these chips? This would give us some significant hashing power and a long term hashing solution.

The discount codes are worth $2,000 and 100 chips is the minimum purchase.  If we can find a group buy project for devices built from BFL chips I would prefer to put them into one.  Where we swap our 80 chip codes for a device with 40 chips.  So can investors please keep an eye for such a project.  Even if we only get a 20 chip device for our 80 chips discount codes I would prefer to do that then sell them for $1,000 of BTC.  As a 20 chip device should give us an extra 100(GH/s) which would cost us $4,000 to buy.  So getting a $4,000 ASIC would be a better deal than selling the chip codes for $1,000 of BTC.  The project would also get 20 free chips out of the deal.  So please keep an eye for such a BFL chip build/buy project.

Just doing some math here. 100 chips minimum order. 80 discounted chips ($50/chip); 20 Full price chips ($75/chip).
Chip costs approximately $5,000.
Assume that we can get devices to house 100 chips for $2,000 ($20 chip slot).
Total Capital Needs $7,000
@$100/1BTC
70 BTC needed.

Issue 140 .5BTC bonds.

Pay intrest on bonds out of future profits. In the end RSM ends up with +400GH/s
matthewh3
Legendary
*
Offline Offline

Activity: 1372



View Profile WWW
June 24, 2013, 09:55:47 PM
 #605

How much would it cost for RSM to buy up all these chips directly. If it's above our current finances should we consider offering a bond on BTCT for purchase of these chips? This would give us some significant hashing power and a long term hashing solution.

The discount codes are worth $2,000 and 100 chips is the minimum purchase.  If we can find a group buy project for devices built from BFL chips I would prefer to put them into one.  Where we swap our 80 chip codes for a device with 40 chips.  So can investors please keep an eye for such a project.  Even if we only get a 20 chip device for our 80 chips discount codes I would prefer to do that then sell them for $1,000 of BTC.  As a 20 chip device should give us an extra 100(GH/s) which would cost us $4,000 to buy.  So getting a $4,000 ASIC would be a better deal than selling the chip codes for $1,000 of BTC.  The project would also get 20 free chips out of the deal.  So please keep an eye for such a BFL chip build/buy project.

Just doing some math here. 100 chips minimum order. 80 discounted chips ($50/chip); 20 Full price chips ($75/chip).
Chip costs approximately $5,000.
Assume that we can get devices to house 100 chips for $2,000 ($20 chip slot).
Total Capital Needs $7,000
@$100/1BTC
70 BTC needed.

Issue 140 .5BTC bonds.

Pay intrest on bonds out of future profits. In the end RSM ends up with +400GH/s


RSM is not issuing any more shares or doing any more fundraising.  If we can trade our chips into a BFL chip build project we will.  If we can't then the codes will be sold.  Do tho all please keep your ears to the ground for any BFL chip build projects that we could use our chip codes in.  If we could get a device built for us to use the chip codes we could use funds from the reinvestment fund rather than issuing new shares or bonds to fund the project.

ft73
Sr. Member
****
Offline Offline

Activity: 305


View Profile
June 29, 2013, 07:21:35 PM
 #606

Any news? Are the miners on their way?  Embarrassed
matthewh3
Legendary
*
Offline Offline

Activity: 1372



View Profile WWW
June 29, 2013, 07:29:22 PM
 #607

"Nasty Mining" have received tracking codes for there SC's but not received them yet AFAIK.  Our first pre-order is about two weeks down the cue from Nastys but as BFL are hosting our boards we'll have no shipping time to wait.  As soon as I receive any info I will make it public pronto.

ft73
Sr. Member
****
Offline Offline

Activity: 305


View Profile
June 29, 2013, 08:48:58 PM
 #608

"Nasty Mining" have received tracking codes for there SC's but not received them yet AFAIK.  Our first pre-order is about two weeks down the cue from Nastys but as BFL are hosting our boards we'll have no shipping time to wait.  As soon as I receive any info I will make it public pronto.

Thank you Matthew.
matthewh3
Legendary
*
Offline Offline

Activity: 1372



View Profile WWW
June 30, 2013, 04:52:34 PM
 #609

So BFL have shipped all Jalapenos pre-orders up to September 14th 2012 and now they've started shipping little SC's which were all pre-ordered many months after our three pre-orders.  Yet still no news on our July 7th SC pre-ordered.  I'm very frustrated with BFL and think SC pre-orders have been dealt with unfairly.  I have emailed them but think our first board will be hashing before they reply.  I do have my fingers crossed that we'll be hashing next week.

mistercoin
Hero Member
*****
Offline Offline

Activity: 868


j.mp/r7hn0 - Always.


View Profile
June 30, 2013, 09:13:35 PM
 #610

I want to invest a nice chunk into RSM, but can you give me one solid reason why I should?

If anyone needs help with anything Crypto, Linux or Trading related, PM me and I will do my best to help you. Also available for volunteer work.
matthewh3
Legendary
*
Offline Offline

Activity: 1372



View Profile WWW
June 30, 2013, 09:16:26 PM
 #611

I want to invest a nice chunk into RSM, but can you give me one solid reason why I should?

RSM is not fundraising any more we finished the IPO over a year ago.  The only reason we still remain publicly listed is to enable early investors to cash out.

mistercoin
Hero Member
*****
Offline Offline

Activity: 868


j.mp/r7hn0 - Always.


View Profile
June 30, 2013, 09:17:09 PM
 #612

I want to invest a nice chunk into RSM, but can you give me one solid reason why I should?

RSM is not fundraising any more we finished the IPO over a year ago.  The only reason we still remain publicly listed is to enable early investors to cash out.

Sounds good.

If anyone needs help with anything Crypto, Linux or Trading related, PM me and I will do my best to help you. Also available for volunteer work.
matthewh3
Legendary
*
Offline Offline

Activity: 1372



View Profile WWW
July 01, 2013, 05:11:33 AM
 #613

I want to invest a nice chunk into RSM, but can you give me one solid reason why I should?

RSM is not fundraising any more we finished the IPO over a year ago.  The only reason we still remain publicly listed is to enable early investors to cash out.

Sounds good.

If you had enough to order another SC or possibly the KNCMiner we could issue you shares of its value.  Tho that the finale decision may go down to a motion.

matthewh3
Legendary
*
Offline Offline

Activity: 1372



View Profile WWW
July 02, 2013, 04:54:51 PM
 #614

I want to invest a nice chunk into RSM, but can you give me one solid reason why I should?

RSM is not fundraising any more we finished the IPO over a year ago.  The only reason we still remain publicly listed is to enable early investors to cash out.

For those unsure on how we plan to grow RSM.  As stated in the contract we'll be reinvesting over 90% of profits into buying more ASIC's.  That is how we plan to grow RSM organically.  Rather than through issuing new shares for fundraising.

lunarboy
Hero Member
*****
Offline Offline

Activity: 544



View Profile
July 02, 2013, 06:09:05 PM
 #615

I want to invest a nice chunk into RSM, but can you give me one solid reason why I should?

RSM is not fundraising any more we finished the IPO over a year ago.  The only reason we still remain publicly listed is to enable early investors to cash out.

For those unsure on how we plan to grow RSM.  As stated in the contract we'll be reinvesting over 90% of profits into buying more ASIC's.  That is how we plan to grow RSM organically.  Rather than through issuing new shares for fundraising.

I'm guessing that's what he was actually referring too. Huh

either way thanks for the good work mathewh3  long may it stay that way.
matthewh3
Legendary
*
Offline Offline

Activity: 1372



View Profile WWW
July 03, 2013, 11:15:41 AM
 #616

Well this Sunday (7th) will be a year and a day since we pre-ordered our first SC.  Still no new news from BFL but I'm very hopefully we'll start hashing (again) very soon.

matthewh3
Legendary
*
Offline Offline

Activity: 1372



View Profile WWW
July 04, 2013, 11:33:16 PM
 #617

Quick update:  I'm working on a share swap deal to have us two 80(GH/s) Avalons hashing for us by Monday.  So a rapid motion may be required over the weekend.  I'll keep you's updated.

ft73
Sr. Member
****
Offline Offline

Activity: 305


View Profile
July 07, 2013, 07:58:50 AM
 #618

Quick update:  I'm working on a share swap deal to have us two 80(GH/s) Avalons hashing for us by Monday.  So a rapid motion may be required over the weekend.  I'll keep you's updated.

Nice news.
matthewh3
Legendary
*
Offline Offline

Activity: 1372



View Profile WWW
July 07, 2013, 03:14:02 PM
 #619

Quick update:  I'm working on a share swap deal to have us two 80(GH/s) Avalons hashing for us by Monday.  So a rapid motion may be required over the weekend.  I'll keep you's updated.

Nice news.

Unfortunately we could not negotiate a profitable price for us.  So it looks like we'll have to wait for our SC's.  Today the 7th of July is now a year and a day since we pre-ordered our first SC.  In some other news we may have an investor who wants to put ~£1,500 into RSM.  I told them if they pre-order us a 50(GH/s) SC that we could issue them shares of its value.  I may try to match their investment.  Then all the coins would probably be parked at a known wallet address.  Then saved until either BFL are shipping next day, KNCMiner have a working prototype or that new UK cheap 65nm ASIC's are shipping.

matthewh3
Legendary
*
Offline Offline

Activity: 1372



View Profile WWW
July 08, 2013, 02:35:57 PM
 #620

Quote
https://forums.butterflylabs.com/bfl-forum-miscellaneous/3703-josh-its-time-update-bfl-asic-status.html#post45852

Not sure what there is to update that hasn't been updated. We are shipping products daily. We've shipped more product than any other ASIC vendor, with the possible exception of the Block Eruptors, since I don't know how many of those shipped exactly.

I don't have exact numbers of what units went out on what day. Here's just one rack from yesterday that the crew assembled, these are waiting for packaging. There is several more racks either fully assembled or partially assembled or waiting for burn testing.

There's singles and little singles burning in or being assembled and there's minirigs being assembled or burning in as well. That's pretty much the same update for the next couple months.

I did talk to suppliers and ran some calculations. With the current order book up to today, I expect it to be filled by the end of September. I'm not sure what order number we'll get up to by the end of August, but we'll be pretty far into it by then. I'll probably have a better idea by the middle of this month.

Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 [31] 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!