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Author Topic: 0.19 J/GH - CoinBau looks for investors in German mining technology  (Read 22060 times)
Markus, CoinBau
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July 31, 2014, 06:32:33 PM
Last edit: August 01, 2014, 02:24:46 PM by Markus, CoinBau
 #1

DRESDEN, GERMANY – ASICrising GmbH has developed the most power efficient mining hardware on the market, we are going to build the most profitable mine. And you can participate.  
 
The ASICrising GmbH will become CoinBau AG, a German incorporated company, selling shares. Your advantages as a shareholder of the mine are: CoinBau will produce its own hardware, avoiding any margins for hardware developers. No selling costs or fees for brokerage as in cloud-hashing scenarios will come up. You will partially own the mine, the hardware, the profit, a constant proportion of the global hash rate with always up-tp-date hardware. We will not make profit as long as you don't.  
 
Seems too good to be true? German engineering makes it possible. We are ASICrising, a high-tech start-up located in Dresden, Germany, the centre of Europe’s largest microelectronic cluster, Silicon Saxony. Founded in July 2013, ASICrising is a team of experienced electronic system engineers, with top expertise in integrated circuit design, PCB design and software development.  
 
We taped-out our 1st generation 28nm Bitcoin mining ASIC in August last year and developed a 1.8 TH/s mining rig based on that. The complete ASIC and rig development as well as the manufacturing of a limited number of engineering samples was completely financed by ourselves. For more information about our hardware and us, have a look at www.asicrising.com.  
 
In the last 6 months, our team of chip design experts has worked hard on the second generation of our ASIC. The result is a 28nm custom implementation optimized for extreme efficiency. The design is now ready for tape-out to be manufactured in volume at the GLOBALFOUNDRIES fab in Dresden.  
 
This ASIC will be the world’s most energy efficient solution for Bitcoin mining. Based on record-breaking 0.19 W/GH/s at chip level we will realize Bitcoin mining hardware for datacenter usage with a performance of 4.8 TH/s per 19” case and a targeted energy consumption of 0.27 W/GH/s per case.  
 
We will operate this hardware in an own mine. Our target is holding 15% of the global hash rate in 2016 and keeping this percentage long-term.  To finance the setup of this large-scale mining operation the ASICrising GmbH will become CoinBau AG, a German incorporated company, selling shares.  
 
Take the limited offer and subscribe now to shares of CoinBau AG, one of the future Bitcoin mining market leaders!  
 
For more information about the project, please visit: www.coinbau.com  
Or have a look at our Executive Summary. Since I cannot post files, please find it here: https://asicrising.de/asicrising-starts-coinbau-project/
 
 
Dr.-Ing. Markus Winter
CoinBau by ASICrising GmbH
 
ASICrising GmbH  
Eisenstuckstrasse 5
01069 Dresden
Germany  
Handelsregistereintrag (entry in Commercial Register):     HRB 32540
Registergericht (registry court): Dresden
Management: Holger Eisenreich, Sebastian Krause, Dr. Markus Winter
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There are several different types of Bitcoin clients. Hybrid server-assisted clients like Electrum get a lot of their network information from centralized servers, but they also check the server's results using blockchain header data. This is perhaps somewhat more secure than either server-assisted clients or header-only clients.
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July 31, 2014, 06:38:20 PM
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Nice enough site , you take physical meetings in Dresden? DE?

OregonMines is expanding. Are you expanding with us?
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July 31, 2014, 06:42:14 PM
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any chance you will sell your used mining rig  Grin
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July 31, 2014, 06:56:29 PM
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what is your estimate of 15% in 2016?

DRESDEN, GERMANY – ASICrising GmbH has developed the most power efficient mining hardware on the market, we are going to build the most profitable mine. And you can participate. 
 
The ASICrising GmbH will become CoinBau AG, a German incorporated company, selling shares. Your advantages as a shareholder of the mine are: CoinBau will produce its own hardware, avoiding any margins for hardware developers. No selling costs or fees for brokerage as in cloud-hashing scenarios will come up. You will partially own the mine, the hardware, the profit, a constant proportion of the global hash rate with always up-tp-date hardware. We will not make profit as long as you don't. 
 
Seems too good to be true? German engineering makes it possible. We are ASICrising, a high-tech start-up located in Dresden, Germany, the centre of Europe’s largest microelectronic cluster, Silicon Saxony. Founded in July 2013, ASICrising is a team of experienced electronic system engineers, with top expertise in integrated circuit design, PCB design and software development. 
 
We taped-out our 1st generation 28nm Bitcoin mining ASIC in August last year and developed a 1.8 TH/s mining rig based on that. The complete ASIC and rig development as well as the manufacturing of a limited number of engineering samples was completely financed by ourselves. For more information about our hardware and us, have a look at www.asicrising.com.   
 
In the last 6 months, our team of chip design experts has worked hard on the second generation of our ASIC. The result is a 28nm custom implementation optimized for extreme efficiency. The design is now ready for tape-out to be manufactured in volume at the GLOBALFOUNDRIES fab in Dresden.   
 
This ASIC will be the world’s most energy efficient solution for Bitcoin mining. Based on record-breaking 0.19 W/GH/s at chip level we will realize Bitcoin mining hardware for datacenter usage with a performance of 4.8 TH/s per 19” case and a targeted energy consumption of 0.27 W/GH/s per case
 
We will operate this hardware in an own mine. Our target is holding 15% of the global hash rate in 2016 and keeping this percentage long-term.  To finance the setup of this large-scale mining operation the ASICrising GmbH will become CoinBau AG, a German incorporated company, selling shares.   
 
Take the limited offer and subscribe now to shares of CoinBau AG, one of the future Bitcoin mining market leaders! 
 
For more information about the project, please visit: www.coinbau.com 
Or have a look at our Executive Summary: cutive_summary_en.pdf]https[Suspicious link removed]cutive_summary_en.pdf
 
 
Dr.-Ing. Markus Winter
CoinBau by ASICrising GmbH
 
ASICrising GmbH 
Eisenstuckstrasse 5
01069 Dresden
Germany 
Handelsregistereintrag (entry in Commercial Register):     HRB 32540
Registergericht (registry court): Dresden
Management: Holger Eisenreich, Sebastian Krause, Dr. Markus Winter
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July 31, 2014, 07:19:55 PM
 #5

sounds to good to be true
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July 31, 2014, 07:21:30 PM
 #6

sounds to good to be true
you think???
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July 31, 2014, 07:22:36 PM
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Take the limited offer and subscribe now to shares of CoinBau AG, one of the future Bitcoin mining market leaders! 

I think you are in the wrong forum section. This is the Hardware forum, not Securities.

Here is where you should post your shares announcement: https://bitcointalk.org/index.php?board=78.0

Good luck!

H/w Hosting Directory & Reputation - https://bitcointalk.org/index.php?topic=622998.0
Markus, CoinBau
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August 01, 2014, 10:35:25 AM
Last edit: August 01, 2014, 11:02:37 AM by Markus, CoinBau
 #8

Dear all,

Let me answer your questions:

Nice enough site , you take physical meetings in Dresden? DE?
There will be an open day here in Dresden for all registered persons in about two months.
Besides this, we also take physical meetings by appointment. Please send me a personal message if you are interested in such, with a short description of who you are.

any chance you will sell your used mining rig  Grin
Unfortunately, this is not possible. We have only a very limited number of samples and need them for test and further development issues.

"what is your estimate of 15% in 2016?"
The concrete numbers are internal information which can be discussed only under NDA.
However, I can tell you this: our calculations expect the break of the 1000 PH/s limit within the next 24 months as long as the Bitcoin exchange rate is stable at $500-$600.

@RoadStress: thank you for your hint. I asked the admins to move the thread.


Best regards
Markus
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August 01, 2014, 10:48:07 AM
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BFL v2.0 Cheesy
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August 01, 2014, 08:34:33 PM
 #10

This is a nigerian scam unless you can prove that W/Gh/s

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August 01, 2014, 08:56:17 PM
 #11

This is a nigerian scam unless you can prove that W/Gh/s

How can they prove the W/Gh without a physical chip available?

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August 01, 2014, 09:01:30 PM
 #12

This is a nigerian scam unless you can prove that W/Gh/s

How can they prove the W/Gh without a physical chip available?
So technically, they could make this claim based on simulation...
However, I've seen several chip design teams get burned by simulation

Even a couple current TOP chip producers experienced this...

But this time, it's different, right? Smiley
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August 01, 2014, 09:08:38 PM
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http://1.bp.blogspot.com/-XJsHtYCOAt8/UUKDfuXPW8I/AAAAAAAABSo/osAx1GYNcGk/s320/nigerianscam.jpg

ASIC Miner said the same thing....
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August 01, 2014, 09:09:57 PM
 #14

This is a nigerian scam unless you can prove that W/Gh/s

How can they prove the W/Gh without a physical chip available?
So technically, they could make this claim based on simulation...
However, I've seen several chip design teams get burned by simulation

Even a couple current TOP chip producers experienced this...

But this time, it's different, right? Smiley

Well they should at least show us a demo of their first gen miners. That shouldn't be a problem, but I don't expect them to show us the simulation results...

H/w Hosting Directory & Reputation - https://bitcointalk.org/index.php?topic=622998.0
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August 01, 2014, 09:41:31 PM
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This is a nigerian scam unless you can prove that W/Gh/s

How can they prove the W/Gh without a physical chip available?
So technically, they could make this claim based on simulation...
However, I've seen several chip design teams get burned by simulation

Even a couple current TOP chip producers experienced this...

But this time, it's different, right? Smiley

Well they should at least show us a demo of their first gen miners. That shouldn't be a problem, but I don't expect them to show us the simulation results...

Showing first gen would give more credit.  Even with a simulation the W/Gh is hard to believe currently.  I want it to be true, but i think this is currently not even close possible.
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August 01, 2014, 09:50:55 PM
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Showing first gen would give more credit.  Even with a simulation the W/Gh is hard to believe currently.  I want it to be true, but i think this is currently not even close possible.

Let's not underestimate the power of good designers. I think that technically it is possible, but actually doing it is hard.

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August 02, 2014, 12:58:23 AM
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Guys, it's a German company!  When has the world ever questioned what they do!  Just kiddin'. Lips sealed
Yes a vid would help.
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August 02, 2014, 03:29:12 AM
 #18

http://www.autoguide.com/auto-news/2012/05/are-german-cars-reliable-myth-german-engineering.html

"Likely you’ve heard the phrase “German engineering” more than a few times in your life and there’s a popular misconception that it equals good reliability. German cars are well engineered, sometimes to be amazing performance machines and sometimes to be incredibly high-tech (and often both) but, Porsche aside, German cars don’t have the best track record for reliability."
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August 02, 2014, 06:09:39 PM
Last edit: August 02, 2014, 06:23:48 PM by Markus, CoinBau
 #19

Hello all,

we know 0.19 J/GH are hard to believe and it is true, concerning our second generation we only have simulation results. For those of you, familiar with hardware design:
we performed a post-Place&Route SDF-annotated simulation of the computation of 500 random hashes of our core. These simulations are pretty close to reality and 500 hash computations are sufficient for a realistic mean power value. The power analysis was performed on the related VCD dump.

Concerning our generation 1 miners:
We do not have any problems showing them hashing. For instance, find a screenshot of one of our miners running at Slush's pool on the following link:
https://asicrising.de/miners-use-case/

We also have a video of one of our gen 1 miners in the lab:
https://asicrising.de/miner-lab/

And here some images of our hardware:

Our basic mining card gen 1 connectable via USB or PCIE
https://asicrising.de/wp-content/uploads/bitcointalk/wolfpack.jpg
https://asicrising.de/wp-content/uploads/bitcointalk/wp_seitlich.jpg

Seven mining cards within one 1st gen 19'' sever case during assembling:
https://asicrising.de/wp-content/uploads/bitcointalk/case_teilweise.jpg

The server case fully assembled:
https://asicrising.de/wp-content/uploads/bitcointalk/case_voll.jpg

10 of our cases packed in a rack:
https://asicrising.de/wp-content/uploads/bitcointalk/Rack.JPG

Best regards,
Markus
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August 02, 2014, 06:18:58 PM
 #20

Looks like a nice design. I will happily test a unit.
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