High Efficiency FPGA & ASIC Bitcoin Mining Devices https://BTCFPGA.com

[crazyates]

Now that BFL has released pictures of their Single SC ASIC, Tom should keep pace and show us something, it's been a while since last announcement.
Anyways, keep up the good stuff guys! You Rock!

As much as I want to see pics of the bASIC, he shouldnt do it just cuz BFL did. This is not a "I'll show you mine if you show me yours". He should release information when he's ready, and it should be accurate, and he should be trying to outpace BFL.

That said, Tom hasn't responded to me yet. It was coming up on 2 weeks ago that he said he would have a significant news update for us. I realize he's been traveling a lot, but still... https://bitcointalk.org/index.php?topic=79637.msg1283526#msg1283526

[Syke]

The current network is rougly 350 60GH rigs. For the energy costs to skyrocket, we'd have to see 35,000 new 60GH rigs come online! That ain't gonna happen in the immediate future. Energy costs are a distant 3rd priority, behind date of mining start and initial costs. By the time it does matter, next generation ASICs will take over.

Wha?   The halfing will double energy costs, and there is 48TH in the BFL waitlist thread made public (actual orders are probably much greater)— I understand there will be 1000 bASIC units made, so thats another 54TH, and then another 20 from avalon. So thats 122TH. Plus whatever deepbit and the other efforts do.

Just from the numbers there and the halving you have a 12x increase in power usage per unit reward— 10x if all the existing hashpower turns off as a result of the increases, and I think its not unrealistic to call that a conservative lower bound.

From 22TH to 144TH is a 6.5x increase. Feel free to run the electricity numbers for a 6.5x increase. They're still insignificant for ASICs.

Ah hell, I'll run it myself.

54 GH/s @ $12/btc (after halving) = $106/day

Forgive me Tom for a crazy estimate. Let's assume an outrageous 500 watts for a bASIC at insane California rates.

500 watts @ $.30/kwh = $3.6/day

Significant? I don't think so.

[kano]

Sorry for offtopic, but here is...

A bit of bitcoin pr0n from BFL blah blah

I hope Tom will come soon with good news (and pics!) too.

Actually - to be blunt - why are you posting BFL links in here?
Post them in the BFL thread.
That post is actually worthy of a warning IMO.
Lucky I'm not a mod (who edits my posts ...)

Sorry man, I'm Tom's customer and posted this just as first photo of ASIC board available. This also could bring this thread to the Top in the forum, I bet this is good for bASIC business.

Btw kano why not you rebel on the other topic derailments so far?

Coz that post is simply just a BFL post and nothing more.
There is no reason to post it here.

The 'derailment' is between Josh and Tom - and this is Tom's thread

[Inaba]

The 'derailment' is between Josh and Tom - and this is Tom's thread

Hm... sounds like an ice cream flavor.  "Josh and Tom's: Derailment (with nuts)"

[gmaxwell]

54 GH/s @ $12/btc (after halving) = $106/day

54 GH at difficulty 19970091.25813 is 1.36 BTC/day after the halving. $16.32/day at $12.

I suspect your calculator is in need of repair.

Your power figure is 22% of the income— and thats a "soon" rate, e.g. the rate after the hardware which is already ordered and paid for is turned on. And what happens when the difficulty has cranked to 100x on second gen mining asics?

[Syke]

54 GH/s @ $12/btc (after halving) = $106/day

54 GH at difficulty 19970091.25813 is 1.36 BTC/day after the halving. $16.32/day at $12.

I suspect your calculator is in need of repair.

Your power figure is 22% of the income— and thats a "soon" rate, e.g. the rate after the hardware which is already ordered and paid for is turned on. And what happens when the difficulty has cranked to 100x on second gen mining asics?

Ah, yes, I had the difficulty unadjusted.

$16.32/day income, $3.6/day electricity. 22% is a far extreme estimate.

bASIC isn't going to run 500 watts. Extremeley few miners run at $.30/kwh. The normal case will be far better, more like 5% spent on electricity. Insignificant.

What's going to matter is time to start and cost to start. Not power costs.

[kano]

The 'derailment' is between Josh and Tom - and this is Tom's thread

Hm... sounds like an ice cream flavor.  "Josh and Tom's: Derailment (with nuts)"

Gimmie a "Jody and Tam's: Derailment (without nuts)" and I'd be happy

[f41lover]

As much as I want to see pics of the bASIC, he shouldnt do it just cuz BFL did. This is not a "I'll show you mine if you show me yours". He should release information when he's ready, and it should be accurate, and he should be trying to outpace BFL.

That said, Tom hasn't responded to me yet. It was coming up on 2 weeks ago that he said he would have a significant news update for us. I realize he's been traveling a lot, but still... https://bitcointalk.org/index.php?topic=79637.msg1283526#msg1283526

I agree, this is not a competition , still i  just would love to see what Tom has come out with in terms of a prototype. I have a crush for prototypes.
The announced website update along with detailed update informations would be lovely too.

[Shadow383]

As much as I want to see pics of the bASIC, he shouldnt do it just cuz BFL did. This is not a "I'll show you mine if you show me yours". He should release information when he's ready, and it should be accurate, and he should be trying to outpace BFL.

That said, Tom hasn't responded to me yet. It was coming up on 2 weeks ago that he said he would have a significant news update for us. I realize he's been traveling a lot, but still... https://bitcointalk.org/index.php?topic=79637.msg1283526#msg1283526

I agree, this is not a competition , still i  just would love to see what Tom has come out with in terms of a prototype. I have a crush for prototypes.
The announced website update along with detailed update informations would be lovely too.

News to me 

[||bit]

Makes me think. If Tom really wanted to throw a wrench into the debate, he'd drop his unit price by say 25% - 50%.

||bit

Why would he do that? He's already got them beat on MHs/$.

Tom only just does better on MHs/$ (maybe 10% better).  And it is effectively tied if you compare his offered cost efficiency to BFL's  sc-minirig. If one had the money, they'd do better to get the BFL rig for it's space advantage. And this is not considering the power consumption question.

So, why would Tom do it? Simply to create disruptions within the competition. If he did that, even for a little while, BFL new orders would essentially freeze, and he'd have all the new orders. However, there are obvious problems with that (e.g. paying off the development costs will be harder), and whatever else I'm missing.  BFL could [or would have to] respond in kind once the pain threshold is met, unless it hit Tom first.

||bit

[psilan]

Tom's website isn't far away, i wouldn't be surprised if pictures would come with it.
Sounds like more info is coming anyway.

[Bitcoin_Bing]

Just to make one thing clear.

I were still deciding which of the two ASIC units I should get myself. BFL or Tom's hardware. Then I stumbled upon this post. I read through most of it and saw Josh is also in here.

To be honest after sending a few queries through to BFL and no response I also made contact with Tom. He was very helpful so far and this made my decision easier. I will be getting the bASIC unit from Tom.

I were actually amazed to see that Josh cannot handle healthy competition and just had to, and still does, come here and dis Tom on his own personal post. Tom is an example of good customer service and Josh an example of none.

Thank you Josh for making my choice so much easier. Your simple minded "I have to be the best" attitude gives Tom the upper hand.

Well done Tom! Keep up the good work!   

[zvs]

having a 7 digit ICQ number

My ICQ number was 4 digits (5xxx I can't remember exactly).

mine is 6!  807657

oh, and why would you ever use Juno?  netcom and many other ISPs were available way before Juno was... not to mention the ability to just freeload off of any university/govt installation in your area.    in richardson, I could choose from UNT, UTA, and the super conducting supercollidor.   on SSC you could even access their VAX machine, sscvx1.ssc.gov

[Bitcoin_Bing]

I have also decided to promote bASIC unit on my website. It will be more to encourage my fellow bitcoin miners here in South Africa to buy from Tom and not from that cocky bloke Josh.

Just his attitude alone had put me completely off from BFL.

[squid]

I have also decided to promote bASIC unit on my website. It will be more to encourage my fellow bitcoin miners here in South Africa to buy from Tom and not from that cocky bloke Josh.

Just his attitude alone had put me completely off from BFL.

+1, Tom is a stand up guy. BFL's 'investment' in Josh seems to be back firing on them.

[cablepair]

Good Morning Gentleman,


Thank you for everyone's support and I hope we can put any regrettable arguments over the last days behind us and move forward.

We will be launching our new website this weekend and with it some hardware specifics I know everyone eager to find out (and yes I will still release the specs this weekend even if the website launch gets delayed for some reason).

Hopefully we can move forward in the spirit of open and friendly competition and this thread can return to what it was supposed to be used for.

I will in and out of the office working on several things this weekend and will be reachable by phone or email if anyone needs me (remember I do not return calls if you do not leave a message).

Have a nice day,

Tom
(315) 514 - 0269

[dani]

Good Morning Gentleman,


Thank you for everyone's support and I hope we can put any regrettable arguments over the last days behind us and move forward.

We will be launching our new website this weekend and with it some hardware specifics I know everyone eager to find out (and yes I will still release the specs this weekend even if the website launch gets delayed for some reason).

Hopefully we can move forward in the spirit of open and friendly competition and this thread can return to what it was supposed to be used for.

I will in and out of the office working on several things this weekend and will be reachable by phone or email if anyone needs me (remember I do not return calls if you do not leave a message).

Have a nice day,

Tom
(315) 514 - 0269

^+

+1 +1 +1

[WinTame2012]

I wish I can 'like' some posts
Morning, Tom!

[Inaba]

Haha good job sweeping that pesky "power" issue under the rug, Tom!  Maybe you can keep your dirty little power problem a secret long enough to gain a few more pre-orders before the secret comes out.    WTG for transparency.

I also notice you squeaked your way out of the bet, too.  Quality work there!  Won't even back up the bet YOU tried to initiate for charity.

[Bitcoin_Bing]

Haha good job sweeping that pesky "power" issue under the rug, Tom!  Maybe you can keep your dirty little power problem a secret long enough to gain a few more pre-orders before the secret comes out.    WTG for transparency.

I also notice you squeaked your way out of the bet, too.  Quality work there!  Won't even back up the bet YOU tried to initiate for charity.

Attitude like this that makes BFL stink. Rotten to the core...