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Author Topic: What to buy with $10K?  (Read 3990 times)
gnar1ta$
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April 03, 2012, 04:11:57 PM
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If you had $10,000 USD, what mining gear would you buy considering availability, hardware cost (this could be useful), hardware efficiency, and setup/maintanaince time (BAMT is fast and easy)?  Assuming $.10/kWh, mining by May 1, and ignoring cooling costs.

Losing hundreds of Bitcoins with the best scammers in the business - BFL, Avalon, KNC, HashFast.
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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April 03, 2012, 04:12:46 PM
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Half 7970, half bitforce singles.
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April 03, 2012, 04:17:40 PM
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There is a new company coming out and with that kind of money you'd get 6.4GH/s@320W with change as well from your $10,000.

edit: or 7.2GH/s@360W for just a little bit over $10,000.

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April 03, 2012, 04:21:53 PM
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There is a new company coming out and with that kind of money you'd get 6.4GH/s@320W with change as well from your $10,000.

edit: or 7.2GH/s@360W for just a little bit over $10,000.

Link?

Losing hundreds of Bitcoins with the best scammers in the business - BFL, Avalon, KNC, HashFast.
matthewh3
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April 03, 2012, 04:23:28 PM
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There is a new company coming out and with that kind of money you'd get 6.4GH/s@320W with change as well from your $10,000.

edit: or 7.2GH/s@360W for just a little bit over $10,000.

Link?

They are going public within the next week there warranty will also be at least twice that of the BFL.

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April 03, 2012, 04:27:00 PM
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There is a new company coming out and with that kind of money you'd get 6.4GH/s@320W with change as well from your $10,000.

edit: or 7.2GH/s@360W for just a little bit over $10,000.

Link?

They are going public within the next week there warranty will also be at least twice that of the BFL.

And if their lead times are just as awful as BFLs, we might expect to receive their products in >3 months (optimistically).


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April 03, 2012, 04:29:18 PM
 #7

There is a new company coming out and with that kind of money you'd get 6.4GH/s@320W with change as well from your $10,000.

edit: or 7.2GH/s@360W for just a little bit over $10,000.

Link?

They are going public within the next week there warranty will also be at least twice that of the BFL.

And if their lead times are just as awful as BFLs, we might expect to receive their products in >3 months (optimistically).



My board is guaranteed to be shipped within the next nine days.  If your willing to go out on a limb I could get you a pre-order (for a vsmall commission) on the second batch which should be shipped within three weeks.

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April 03, 2012, 04:33:11 PM
 #8

There is a new company coming out and with that kind of money you'd get 6.4GH/s@320W with change as well from your $10,000.

edit: or 7.2GH/s@360W for just a little bit over $10,000.

These prices make almost no sense no matter how little wattage they use. Best value for the money is the mini rig box at $15k for 25Gh.
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April 03, 2012, 04:36:13 PM
 #9

There is a new company coming out and with that kind of money you'd get 6.4GH/s@320W with change as well from your $10,000.

edit: or 7.2GH/s@360W for just a little bit over $10,000.

These prices make almost no sense no matter how little wattage they use. Best value for the money is the mini rig box at $15k for 25Gh.

Are they shipping within three weeks?  This is ~800MH/s@40W per FPGA board at $1129 per board plus $20 US shipping and about $70 European shipping (plus my 1BTC per board commission) shipped within three weeks. 

wogaut
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April 03, 2012, 04:39:22 PM
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So, the (illusive) BFL mini rig box sells for roughly 15k$, is supposed to have 25.1GH/s @ 1250W.
Your (not yet public) company's product sells for roughly 10k$, is supposed to have 7.2GH/s @ 360W.

That's 1.67MH/$ on BFL, 0.72MH/$ for your product.
And 20MH/W on BFL, and the same 20MH/W on your product.

@gigavps, sorry for the redundancy, wrote the message while you posted, but submitted it anyways...  Smiley

matthewh3
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April 03, 2012, 04:40:47 PM
 #11

So, the (illusive) BFL mini rig box sells for roughly 15k$, is supposed to have 25.1GH/s @ 1250W.
Your (not yet public) company's product sells for roughly 10k$, is supposed to have 7.2GH/s @ 360W.

That's 1.67MH/$ on BFL, 0.72MH/$ for your product.
And 20MH/W on BFL, and the same 20MH/W on your product.

@gigavps, sorry for the redundancy, wrote the message while you posted, but submitted it anyways...  Smiley


No the BFL is twice the wattage for the same hash rate.

edit: I ment BFL BitForce Single

wogaut
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April 03, 2012, 04:43:56 PM
 #12

So, the (illusive) BFL mini rig box sells for roughly 15k$, is supposed to have 25.1GH/s @ 1250W.
Your (not yet public) company's product sells for roughly 10k$, is supposed to have 7.2GH/s @ 360W.

That's 1.67MH/$ on BFL, 0.72MH/$ for your product.
And 20MH/W on BFL, and the same 20MH/W on your product.

@gigavps, sorry for the redundancy, wrote the message while you posted, but submitted it anyways...  Smiley


No the BFL is twice the wattage for the same hash rate.
The mini-rig box (and full rig-box)is supposed to have 25.1GH/s @ 1250W (50.2GH/s @ 2500W full rig box), that's *getmycalculator* 20MH/W.

...and your 800MH @ 40W are *gettheverysamecalculator* 20MH/W.


gnar1ta$
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April 03, 2012, 04:44:52 PM
 #13

There is a new company coming out and with that kind of money you'd get 6.4GH/s@320W with change as well from your $10,000.

edit: or 7.2GH/s@360W for just a little bit over $10,000.

These prices make almost no sense no matter how little wattage they use. Best value for the money is the mini rig box at $15k for 25Gh.

Are they shipping within three weeks?  This is ~800MH/s@40W per FPGA board at $1129 per board plus $20 US shipping and about $70 European shipping (plus my 1BTC per board commission) shipped within three weeks. 

Icarus is ~400MH/s@20W for $569.  I could get those now, and probably at $469 ea https://bitcointalk.org/index.php?topic=73773.msg816986#msg816986. Is that what your new company is doing?

@gigavps any idea on when a rig box would show up at my door?  I'd buy one if I would have it within 8 weeks.

Losing hundreds of Bitcoins with the best scammers in the business - BFL, Avalon, KNC, HashFast.
wogaut
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April 03, 2012, 04:46:26 PM
 #14

There is a new company coming out and with that kind of money you'd get 6.4GH/s@320W with change as well from your $10,000.

edit: or 7.2GH/s@360W for just a little bit over $10,000.

These prices make almost no sense no matter how little wattage they use. Best value for the money is the mini rig box at $15k for 25Gh.

Are they shipping within three weeks?  This is ~800MH/s@40W per FPGA board at $1129 per board plus $20 US shipping and about $70 European shipping (plus my 1BTC per board commission) shipped within three weeks.  

Icarus is ~400MH/s@20W for $569.  I could get those now, and probably at $469 ea https://bitcointalk.org/index.php?topic=73773.msg816986#msg816986. Is that what your new company is doing?

@gigavps any idea on when a rig box would show up at my door?  I'd buy one if I would have it within 8 weeks.

Yes, it sounds very much like the Icarus, the thought crossed my mind.

Unfortunately, the mini rig-box has a supposed 12 weeks lead time (and we don't know the real time yet).

But even with that lead time, do we know if the unknown company will hold their fast shipping time, given that BFL nominally promises 4-6 weeks for their single.

matthewh3
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April 03, 2012, 04:48:20 PM
 #15

There is a new company coming out and with that kind of money you'd get 6.4GH/s@320W with change as well from your $10,000.

edit: or 7.2GH/s@360W for just a little bit over $10,000.

These prices make almost no sense no matter how little wattage they use. Best value for the money is the mini rig box at $15k for 25Gh.

Are they shipping within three weeks?  This is ~800MH/s@40W per FPGA board at $1129 per board plus $20 US shipping and about $70 European shipping (plus my 1BTC per board commission) shipped within three weeks. 

Icarus is ~400MH/s@20W for $569.  I could get those now, and probably at $469 ea https://bitcointalk.org/index.php?topic=73773.msg816986#msg816986. Is that what your new company is doing?

@gigavps any idea on when a rig box would show up at my door?  I'd buy one if I would have it within 8 weeks.

No this is a US company.  I'd like the rig-box for that kind of money being one unit but when is it going to be shipped and if it has the same six month warranty that's a big risk on your investment.  The boards I'm on about have a minimum of twelve months warranty not sure would have to clear that up.  Don't think the Icarus has any warranty  Huh

this time
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April 03, 2012, 04:49:21 PM
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At $1.5/MH, there is a real possibility you will never get your initial investment back.
wogaut
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April 03, 2012, 04:49:56 PM
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So basically the difference is proposed shipping time and warranty?

@this_time: so true...

jamesg
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April 03, 2012, 04:50:01 PM
 #18

So, the (illusive) BFL mini rig box sells for roughly 15k$, is supposed to have 25.1GH/s @ 1250W.
Your (not yet public) company's product sells for roughly 10k$, is supposed to have 7.2GH/s @ 360W.

That's 1.67MH/$ on BFL, 0.72MH/$ for your product.
And 20MH/W on BFL, and the same 20MH/W on your product.

@gigavps, sorry for the redundancy, wrote the message while you posted, but submitted it anyways...  Smiley


No the BFL is twice the wattage for the same hash rate.

edit: I ment BFL BitForce Single

Hi matthewh3,

My rig boxes, ehm, mini rig boxes should be here in that time frame. As for this new fpga tech you speak about, it makes pretty much no sense to put up twice the amount of money for half the electricity usage. There comes a point when gains in electricial usage no longer make sense. This is pretty much moving from GPU (2-3Mh/w) to singles or mini rigs (10-20Mh/w). Anything over this doesn't save me enough money to put up TWICE the purchase price no matter how long I have to wait.

But alas, we are both comparing vaporware. Well, except the mini rig box is reusing already proven tech.

Best,
gigavps
gnar1ta$
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April 03, 2012, 04:51:16 PM
 #19

What about 7970's, can I get 6 of them on one rig with seasonic 1250 psu and a 890fxz GD65 or GD70 MB?

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matthewh3
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April 03, 2012, 04:53:07 PM
 #20

There is a new company coming out and with that kind of money you'd get 6.4GH/s@320W with change as well from your $10,000.

edit: or 7.2GH/s@360W for just a little bit over $10,000.

These prices make almost no sense no matter how little wattage they use. Best value for the money is the mini rig box at $15k for 25Gh.

Are they shipping within three weeks?  This is ~800MH/s@40W per FPGA board at $1129 per board plus $20 US shipping and about $70 European shipping (plus my 1BTC per board commission) shipped within three weeks.  

Icarus is ~400MH/s@20W for $569.  I could get those now, and probably at $469 ea https://bitcointalk.org/index.php?topic=73773.msg816986#msg816986. Is that what your new company is doing?

@gigavps any idea on when a rig box would show up at my door?  I'd buy one if I would have it within 8 weeks.

Yes, it sounds very much like the Icarus, the thought crossed my mind.

Unfortunately, the mini rig-box has a supposed 12 weeks lead time (and we don't know the real time yet).

But even with that lead time, do we know if the unknown company will hold their fast shipping time, given that BFL nominally promises 4-6 weeks for their single.

I first ordered a BFL-Single but my investors (Red Star Mining) and I got feed up of waiting so switched to my new supplier.  It was a little more expansive but better longer warranty and a lot faster lead time as I'm expecting it to be delivered by next week.  First batch are all reserved thw second batch will be shipping within three weeks.  Thinking of ordering my second as I can't wait that long for BFL

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