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Author Topic: Bitcoin Brothers Aim To Disrupt Bitcoin Mining  (Read 6032 times)
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November 03, 2014, 08:10:35 AM
 #1

Not too sure what to make of this:

http://techcrunch.com/2014/11/02/bitcoin-brothers-aim-to-disrupt-bitcoin-mining-with-new-more-powerful-supercomputers/

Fairly confused article.

Quote
After over two years in stealth mode, the bitcoin mining supercomputer manufacturer, Bitcoin Brothers is launching its hosted bitcoin mining services, powered by what the company claims are better, stronger machines to make the mining of bitcoin more efficient.

..

Financed in part by money the Welle brothers made as bitcoin miners in the technology’s early days, Bitcoin Brothers is working with TSMC to manufacture its proprietary 3D 16nm FinFET application-specific integrated circuits (ASICs), which the company designed itself.


When you visit the website of "bitcoinbrothers" there isnt much hard data either, perhaps this is most the interesting tidbit:

Mark adds: “by pushing 300-400 petahash into the market quickly in Q1 2015, and growing our presence from there, we triple or quadruple the difficulty for a limited time, to achieve a new efficiency standard in mining and on the blockchain"


http://bitcoinbrothers.de/press/pr20141103


Are they for real? Searching for bitcoinbrothers I came upon this:
https://bitcointalk.org/index.php?topic=377701.0

Looks like nothing ever came of that, though Ive not seen any scam accusations either so make of it what you want.
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November 03, 2014, 08:19:22 AM
 #2

Ahh,let a slew of more efficient miners loose on the network,ramp up the diff & force the lower efficient miners to "get with the program" (upgrade) or just quit.........


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November 03, 2014, 08:30:46 AM
 #3

http://cointelegraph.com/news/111069/the_new_leader_in_mining_interview_with_thomas_j_ackermann_bitcoin_brothers

They claim to have 200 MW ready to use. Let's wait for Q1 Smiley

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November 03, 2014, 09:00:49 AM
 #4

So they have claimed to have had a 45nm chip (see my earlier forum link), a 20nm (your link) and now a 16nm (techcrunch). Yet I've not seen any evidence any of these machines exist at all, color me skeptical for now.
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November 03, 2014, 11:11:02 AM
 #5

So they have claimed to have had a 45nm chip (see my earlier forum link), a 20nm (your link) and now a 16nm (techcrunch). Yet I've not seen any evidence any of these machines exist at all, color me skeptical for now.

Some gems from the press release:  http://www.bitcoinbrothers.de/press/pr20141103

 
* Each 6-petahash MSEM contains 256,000 of our own 16nm FinFET Plus 3D ASICs
* First 16nm ASIC in the Bitcoin world:
   outperforms 14nm chips in both computing power and low energy use
* Scales up to Meta-MSEMs, in which 1.5 exahash are controlled from a single console

&
"If you compare hasher gates to cores, each MSEM has double the number of the 3.1 million cores in Tianhe-2, the No 1 on the PetaFLOP list: and comes at a fraction of the cost, the floor space and 1/20th of its 18 MegaWatt power draw."


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November 03, 2014, 11:22:58 AM
 #6

Funny is that you already can order without knowing what the pricing will be.

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November 03, 2014, 11:45:21 AM
 #7

Saw that article this morning, that's huge but looks too good to be true.  Shocked

Does anyone own any of their machines??  I mean a person, with reputation I guess is where I'm getting at.

I smell a scam, 1.6 HexaHash (The stage after Peta) is way too high for this stage in the game.

It would be like the entire network going from being powered exclusively by an overclocked S1 AntMiner to a Spondoolies Jackson nearly overnight.

It could theoretically kill the network, Bitcoin mining altogether and those guys would be the only mining company in existence.

No one would buy, there would be a massive sell-off on launch day or shortly after.

This is basically what Bitcoin was meant to be against, large central firms and let's not forget the imminent risk of a 51% attack.

Except in this case it would be a 150% attack, imagine that...  just like imagine the network gaining 6 times its power at a flick of a switch.

They'd literally own the network...  times six over.

If it does go on, the foundation would likely step in.

Even at 0.15 joules per GH/s, the cost to run those in Germany would be too great; expect high prices from the get go.

Smells like a trap, I'll keep buying HW, my instinct rarely fails me.

Well, if they were able to transmute quantum computing and cryptography together, they'd be on to something.

Just one of those impulse buys I'll pass onto the bigger risk takers I guess.

Too many red flags, not enough concrete for me... still will be interesting to see what unfolds.

Plus the latest machines from proven, which are still on pre-order, is at 0.22 joules per GH/s (Aire) or 0.58 (SP30) then 0.69 (S4)

Many don't even believe the Aire yet and won't until they've been shipped.

Could be an attempt by the elite for everyone to sell off their Bitcoin so it remains in the hands of radio guided idiots like the Wanklevoss twins.

Lots of speculation can arise from this.

-I'd rather be mining
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November 03, 2014, 11:45:30 AM
 #8

The smell of this particular bullshit is burning my eyes.
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November 03, 2014, 12:44:02 PM
 #9

In their presentation, they offer 1GH/s for a year for 7.99 Euro. So one TH/s per year would be 7990 Euro.

If I look for the cheapest offer for cloudmining, I get 49 US$ per month per TH, i.e.  588 US$ per year which would be 470 Euro.

This definitively looks fishy (unless, what I never exclude, I made some mistakes in my calculation).

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November 03, 2014, 01:54:57 PM
 #10

The smell of this particular bullshit is burning my eyes.

I agree...I would have typed more, but I can not see my screen because my eyes are rolling back in my head so hard  Roll Eyes
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November 03, 2014, 06:30:10 PM
 #11

I read that article this morning and all I could think was, "somebody needs to do a little research before writing anything ever again."  Full of glaring mistakes and downright BS.

Yeah... sure... these Bitcoin Brothers have their own proprietary 16nm chip that consumes 1/20th the power and are going to be mining by Q1.  Good luck with that.

Jonny's Pool - Mine with us and help us grow!  Support a pool that supports Bitcoin, not a hardware manufacturer's pockets!  No SPV cheats.  No empty blocks.
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November 03, 2014, 06:45:33 PM
Last edit: November 05, 2014, 07:29:06 PM by jimmothy
 #12

So many red flags.

They claim their 16nm hardware will be ready to deploy in Q1 when TSMC won't even begin mass production until Q2-Q3.

They also claim to have built their 20nm hardware in April even though TSMC's first 20nm customer was KNC.

If they did actually built a 3PH supercomputer or two they would let everyone know their mining address.
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November 03, 2014, 08:16:28 PM
 #13

They had promised much in the past (german sub forum), delivered (afaik) zero

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November 04, 2014, 04:48:02 AM
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Either this guy faked one helluva Linkedin page or he's the real deal: https://www.linkedin.com/in/ackermann
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November 04, 2014, 04:55:59 AM
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Either this guy faked one helluva Linkedin page or he's the real deal: https://www.linkedin.com/in/ackermann

Hunt him down and let us know? I mean we got you, now go rip that asshole..... another hole?
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November 04, 2014, 05:27:05 AM
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Either this guy faked one helluva Linkedin page or he's the real deal: https://www.linkedin.com/in/ackermann

Hunt him down and let us know? I mean we got you, now go rip that asshole..... another hole?


http://web.archive.org/web/19990202140755/http://www.tjack.com/html/beowulf.html

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August 1998
My latest project is to build a ``supercomputer", i.e. a Beowulf clustered Linux system,
which uses a late version of Linux - based on RedHat v5.x (kernel 2.0.3x),
and runs Extreme Linux on top of it. Like the one at NASA's
CESDIS - Center of Excellence in Space Data and Information Sciences.
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November 04, 2014, 05:37:35 AM
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Either this guy faked one helluva Linkedin page or he's the real deal: https://www.linkedin.com/in/ackermann

Hunt him down and let us know? I mean we got you, now go rip that asshole..... another hole?


Jesus Fuckin' Christ, I'll suck your dick if this dude isn't Satoshi: http://web.archive.org/web/20001205132100/http://www.tjack.com/html/resume-long.html

Either this dude's for real, or somebody is using his vitals to advance a major scam.
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November 04, 2014, 05:54:39 AM
 #18

Either this guy faked one helluva Linkedin page or he's the real deal: https://www.linkedin.com/in/ackermann

Hunt him down and let us know? I mean we got you, now go rip that asshole..... another hole?


Jesus Fuckin' Christ, I'll suck your dick if this dude isn't Satoshi: http://web.archive.org/web/20001205132100/http://www.tjack.com/html/resume-long.html

Either this dude's for real, or somebody is using his vitals to advance a major scam.

pfft.... wanna see my resume? I helped NASA develop chips using graphite.... silicone is sooo outdated.

btw, i built Beowulf back in my grade 11, it was fun.....


Serious, his resume is nothing special..... however i doubt any of that is real.
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November 04, 2014, 06:08:06 AM
 #19

This is fucking hilarious... yeah it looks legit, bitcoin central mining authority.
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November 04, 2014, 06:32:33 AM
 #20

WTF.  aliens came and showed me how to mine bitcoin with space fungus.  who wants to invest?
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