Pictures of your mining rigs!

[vdragon]

I am sure someone like king_pin still does not believe in ASICs even though we have now 5 delivered Avalon units (jgarzik, the Foundation, techwtf, xianfu, and another chinese) I just cannot understand why you guys at some point did not believe in ASICs. It is a financially and technologically natural and inevitable evolution of Bitcoin, like pretty much all the other computing industries on earth!

 Let me correct myself. Being in that kind of bussines, I know how much it costs to make a proper asic machine - what avalon made is more of a fpga/asic clone. Avalon delivered 5 items, there is no kind of guarantee that they will deliver all. In ASICminer i believed, since he was planing to spend much more money on development. Basic screwed people over, I believe BFL will too. And I think that avalon first mines with the devices, and then sends them over when all hell breaks loose, so that people who get them will be screwed and never break even. So we didnt say its impossible, its sure as hell was possible at that moment when they announced them, just not for that kind of money.

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[vdragon]

And seems my hunch has served me good, because those who get their avalons in may/june/july, can only use them as vase holders or so ...

[king_pin]

Exactly what the colleague sad!
I know there will be ASIC-s someday, just not today, or in the next month. That is why I called BFL and AVALON liars so many times, cause we all knew it was impossible to deliver in their "fuzzy" time periods.
I did win, by not buying ASIC-s, at lest for now, cause BTC tripled, but I have to admit, the fear of ASICs, stopped me form buying more GPUs.

[vdragon]

Well I am at 81 GHs, and no more cards for me, not because I am afraid, but because they will have to build a new nuclear power plant just for me . And than it most likely wont be free power....

[mrb]

I am sure someone like king_pin still does not believe in ASICs even though we have now 5 delivered Avalon units (jgarzik, the Foundation, techwtf, xianfu, and another chinese) I just cannot understand why you guys at some point did not believe in ASICs. It is a financially and technologically natural and inevitable evolution of Bitcoin, like pretty much all the other computing industries on earth!

Let me correct myself. Being in that kind of bussines, I know how much it costs to make a proper asic machine - what avalon made is more of a fpga/asic clone. Avalon delivered 5 items, there is no kind of guarantee that they will deliver all.

Just wait a little more time for the entire batch 1 of Avalon to be delivered. You will see.

In ASICminer i believed, since he was planing to spend much more money on development.

You are the only person who seems to believe that ASICminer spent more money [than other vendors].

We have proof that BFL have even more capital than ASICminer. ASICMiner's IPO raised only $200-300k while BFL has presold a few million dollars of devices (we have indirect proof through bitpay who inferred that $250k of ASICs were sold the first 24h alone after the opening of pre-orders) and BFL also claims to have investors (not proven, I will give you that). Plus BFL was already established business having sold thousand of FPGAs in 2012.

So if you base your beliefs on how much money is spent, if you believe in ASICMiner, clearly you should believe in BFL as well.

[vdragon]

So if you base your beliefs on how much money is spent, if you believe in ASICMiner, clearly you should believe in BFL as well.

I am not basing my beliefs on how much money is spent, but what was promised. I simply dont get the maths behind producing 60ghs for ~1000 USD. But if they mine with them for a month or two, what I believe is happening, then it becomes profitable . And BFL, well... what was their initial release date? thats enough proof for me. I work with people (I own a small company). And if I say their computer will be ready on Thursday, they might consider Friday. But Monday is not good for them, they go somewhere else, and they talk around I am not serious enough. Same thing here, after few months being late, even if they deliver, their credibility is sh*t.

[mrb]

So if you base your beliefs on how much money is spent, if you believe in ASICMiner, clearly you should believe in BFL as well.

I am not basing my beliefs on how much money is spent, but what was promised. I simply dont get the maths behind producing 60ghs for ~1000 USD.

But this is exactly what ASICMiner has produced - and you believe them! 12 Thash/s divided by $200-300k IPO = 60-40 Ghash/s per $1k

You can say that ASICMiner could do it because their 130nm process is cheaper than BFL's 65nm, but BFL is financing themselves with prior FPGA profits, and by manufacturing a lot more chips to recoup the higher NRE - by all estimates they have 100-200 Thash/s of preorders...

Anyway we are getting off-topic here.

[vdragon]

So if you base your beliefs on how much money is spent, if you believe in ASICMiner, clearly you should believe in BFL as well.

I am not basing my beliefs on how much money is spent, but what was promised. I simply dont get the maths behind producing 60ghs for ~1000 USD.

But this is exactly what ASICMiner has produced - and you believe them! 12 Thash/s divided by $200-300k IPO = 60-40 Ghash/s per $1k

You can say that ASICMiner could do it because their 130nm process is cheaper than BFL's 65nm, but BFL is financing themselves with prior FPGA profits, and by manufacturing a lot more chips to recoup the higher NRE - by all estimates they have 100-200 Thash/s of preorders...

Anyway we are getting off-topic here.

 You are simply not getting my line of thinking nor do I get yours. Time will tell. So far, people who payed for asic are screwed. Even when they get them, its for fun, no ROI. As I said, I dont worry for myself, I have made money on btc mining, that my shop makes in 2 years, so I can pass on asics. But people who payed hard cash on it and are sitting empty handed, I dont think they are happy about it.

[king_pin]

Just wait a little more time for the entire batch 1 of Avalon to be delivered. You will see.

If only I got a penny every time someone told me that, I'd have for a 5770

[chungenhung]

Well I am at 81 GHs, and no more cards for me, not because I am afraid, but because they will have to build a new nuclear power plant just for me . And than it most likely wont be free power....

why do you get free power?

[mrb]

You are simply not getting my line of thinking nor do I get yours.

I am simply showing you that ASICMiner produced 60-40 Ghash/s per $1k, which you doubted was feasible.

Just wait a little more time for the entire batch 1 of Avalon to be delivered. You will see.

If only I got a penny every time someone told me that, I'd have for a 5770

Every time another Avalon is delivered, you are losing more and more credibility. AFAIK you are the only one claiming that jgarzik, the Foundation, and all others who have received units are "part of the scam". I would be interested to enter in a personal bet with you that batch 1 will be shipped by some date.

[vdragon]

You are simply not getting my line of thinking nor do I get yours.

I am simply showing you that ASICMiner produced 60-40 Ghash/s per $1k, which you doubted was feasible.

Just wait a little more time for the entire batch 1 of Avalon to be delivered. You will see.

If only I got a penny every time someone told me that, I'd have for a 5770

Every time another Avalon is delivered, you are losing more and more credibility. AFAIK you are the only one claiming that jgarzik, the Foundation, and all others who have received units are "part of the scam". I would be interested to enter in a personal bet with you that batch 1 will be shipped by some date.

 If you ask a customer of any kind besides this asic thing, the product not delivered on time is same as product not delivered, theres a delivery date for a reason. Heres why. 6 months ago, a 7950 graphics card costed me 290 euro. Now it costs 215 euro for same card. If I said to you, give me the money and I will deliver in 2 days, and than deliver in 6 months, what would you say? If I dont want to return the money you would most likely sue, and I would be out of shitload of money for lawyers and stuff because I cant win that. I am in a no way telling that Jeff Garzik is a scammer, he received it, and done a review. But what a scammer would do is exactly what happend. Deliver 2 items to the leading people in bitcoin community, and then sell batch 2 in a record time. I suppose they will deliver few more, batch 3 rolls out. Batch 1 should have been here a long time ago... Sure they will be delivered at some point, just not yet . They are already late few months, I am sure you wont mind few more . As I see, Basic is the smartest. He is returning the money in btc, in usd value. So if he held onto btc since summer, btc went up 3 times, he gets to become as clean as a newborn child,  and getting to hold 60% of the money. And people are also happy because they are getting at least something.

 Anyway if you want to continue the discussion about this we can do it in private, no use of it here.

 I live in a country where these kind of scams are performed at a much higher level, politicians do that here and there, and they do everything by the rules, so no law agency can touch them ...

[vdragon]

Well I am at 81 GHs, and no more cards for me, not because I am afraid, but because they will have to build a new nuclear power plant just for me . And than it most likely wont be free power....

why do you get free power?

 The guy I rented this house from is some bigshot at the power company, so I suppose he made some deal, most likely with the idea "its good to be the king"

[superfastkyle]

Avalon is more than likely a scam. So jgarzik has one, I guess I should believe him even though there were many bets that were likely to be a good enough reason to lie and say you have a working asic. Bitcoin foundation had one, ok but do they still have one? It was my understanding the nzwhatever guy just brought it there to show it off. Also there is still the possibility that the machines turn on and produce heat but are really just a proxy for a gpu farm somewhere. How does one know when he won't release the source code?

Every time another Avalon is delivered, you are losing more and more credibility. AFAIK you are the only one claiming that jgarzik, the Foundation, and all others who have received units are "part of the scam". I would be interested to enter in a personal bet with you that batch 1 will be shipped by some date.

[king_pin]

Every time another Avalon is delivered, you are losing more and more credibility. AFAIK you are the only one claiming that jgarzik, the Foundation, and all others who have received units are "part of the scam". I would be interested to enter in a personal bet with you that batch 1 will be shipped by some date.

I claimed that they are lying about sending or even having 300 units, and its true, come on do  you still believe they shipped 300 units and only 4 people received them after a month? That is what they sad, at first, than there were 1000 excuses, and explanations why only 1 person got it now its five, that ain't much closer to 300.
I believe that they had 10 like prototypes, and they send the best of them to people, actually fuc*ing them with crappy prototypes, and now they are hoping to collect enough money from batch two to produce batch 1 and 2 and send them both sometime in June, and than say to people like me - see we had 300Units, NO they don't

And 6 months have passed after I called BFL liars, I think I'm still right, more than a month since Avalon should have shipped, I think I'm right here two.
Now some day they will ship, but for now all they do are lies, OK and 5-10 prototypes

[Hippie Tech]

When the few/many Ascis that are out now have had their fill, the rest will be released and the price of BTC will likely plummet.

I didn't want to.. but should have seen it coming.

[SolarSilver]

When the few/many Ascis that are out now have had their fill, the rest will be released and the price of BTC will likely plummet.

Let's further derail this thread by pointing out that even if ASICs capture 100% of the market, it only represents BTC 3600 per day
to be dumped on the market (if the previous miners were hoarding 100%). Compare that to todays BTC 28478 volume in $USD only at Mt.Gox
you'll see that mined BTC is only a small fraction of the traded volume per day.

So how will the price of BTC plummet?

(of course having the pre-orders for batch #2 and batch #3 to be paid in BTC only is driving up the price of BTC but that was not your point)

[Hippie Tech]

Hio SolarSilver

I have a feeling that the price has been artificially inflated by those who wish to ruin Bitcoin.

From what I know.. the first BTC market crash is no different that the ones orchestrated by our private banks. Once again, we've allowed greed to set us up for another possible round.
 

[crashoveride54902]

Since some ppl are trying to derail this thread...here ya go...my 3 bitcoin rigs...Gee, Can you guess which case is my gaming machine? hehe...and yes i'm going thru gaming withdrawls because i don't wanna lose the mh/s...total is 7 cards and just a hair under 4gh/s

[vdragon]

crashoveride54902 what is that cooling your cpu? I have never seen that one?