ASICMINER: Entering the Future of ASIC Mining by Inventing It

[klondike_bar]

BitFury has become a well run business. It has emerged as the only company that went from "amateur hour" to professional business. Look at the C-Level team; look at their Board; look at their investors! the new chip coming out any time will be game changer and thats on 28 nm (!!!) Can you imagine what they ll do on 16 GAME OVER.. Question how do others keep BitFury contain so there is no great deal of centralization ?

Bitfury are hoping for 0.2 J/Gh for their next gen ASICs, AM already have 0.2 J/Gh ASIC samples and are expecting mass production to begin in February. Do you have a source for when Bitfury's next gen ASICs be will available? I've heard nothing about that. At the moment though, BitFury are a joke. Look at their new cloudmining offering - Bit-x:


Compare that to AMHash's last dividend of 0.00000788 BTC.

Bitfury is MASSIVE, they went the private route but have been excellently successful. Thier first-gen design was terrific, and they very quickly (with gen1 chips) discovered the benefits of running 15(?) chips in series on a 12V capacitated source, eliminating all the efficiency looses of a DC/DC regulator component. They then redesigned a 2nd-gen 55nm chip that was about 15% more powerful at the same power draw, to achieve better that 1w/Gh. They deployed over 50MW/50PH of hashrate already, in larger private entities.

Their next chip can easily achieve 0.2-0.3w/GH is moving to the 28nm node realises the potential 4x efficiency gains, if not more if they further develop the chip.

[Mabsark]

To say Bitfury is a joke is just plain stupid. They are a major player in the mining space...come on.

I know they're a major player. That does nothing to change the fact that their new cloud mining offering is complete garbage. Why even bother offering such a terrible service? I said in another thread, that I think they're just getting the platform working for their next gen ASICs, otherwise that service makes no sense.

Bitfury is MASSIVE, they went the private route but have been excellently successful. Thier first-gen design was terrific, and they very quickly (with gen1 chips) discovered the benefits of running 15(?) chips in series on a 12V capacitated source, eliminating all the efficiency looses of a DC/DC regulator component. They then redesigned a 2nd-gen 55nm chip that was about 15% more powerful at the same power draw, to achieve better that 1w/Gh. They deployed over 50MW/50PH of hashrate already, in larger private entities.

Their next chip can easily achieve 0.2-0.3w/GH is moving to the 28nm node realises the potential 4x efficiency gains, if not more if they further develop the chip.

Yes, I know all about BitFury. I'm not saying they're not a massively successful company. I'm just looking at the new cloud mining offering and laughing my arse off at how terrible it is. As for their new chips, I'm pretty sure they can achieve 0.2 J/Gh (if not better) but AM already have and we know when they're set to hit the shelves. Do you have any info for when BitFury's new miners will available for use?

[Blazed]

To say Bitfury is a joke is just plain stupid. They are a major player in the mining space...come on.

I know they're a major player. That does nothing to change the fact that their new cloud mining offering is complete garbage. Why even bother offering such a terrible service? I said in another thread, that I think they're just getting the platform working for their next gen ASICs, otherwise that service makes no sense.

Bitfury is MASSIVE, they went the private route but have been excellently successful. Thier first-gen design was terrific, and they very quickly (with gen1 chips) discovered the benefits of running 15(?) chips in series on a 12V capacitated source, eliminating all the efficiency looses of a DC/DC regulator component. They then redesigned a 2nd-gen 55nm chip that was about 15% more powerful at the same power draw, to achieve better that 1w/Gh. They deployed over 50MW/50PH of hashrate already, in larger private entities.

Their next chip can easily achieve 0.2-0.3w/GH is moving to the 28nm node realises the potential 4x efficiency gains, if not more if they further develop the chip.

Yes, I know all about BitFury. I'm not saying they're not a massively successful company. I'm just looking at the new cloud mining offering and laughing my arse off at how terrible it is. As for their new chips, I'm pretty sure they can achieve 0.2 J/Gh (if not better) but AM already have and we know when they're set to hit the shelves. Do you have any info for when BitFury's new miners will available for use?

Well we will see when AM has some of the final chips on a board and posts real numbers. I hope they can finally make a good chip that actually beats out some of the other companies for a while. The next few months will be interesting for sure, but I still do not see how they could ever pay large divs again.

[Chris_Sabian]

To say Bitfury is a joke is just plain stupid. They are a major player in the mining space...come on.

I know they're a major player. That does nothing to change the fact that their new cloud mining offering is complete garbage. Why even bother offering such a terrible service? I said in another thread, that I think they're just getting the platform working for their next gen ASICs, otherwise that service makes no sense.

Bitfury is MASSIVE, they went the private route but have been excellently successful. Thier first-gen design was terrific, and they very quickly (with gen1 chips) discovered the benefits of running 15(?) chips in series on a 12V capacitated source, eliminating all the efficiency looses of a DC/DC regulator component. They then redesigned a 2nd-gen 55nm chip that was about 15% more powerful at the same power draw, to achieve better that 1w/Gh. They deployed over 50MW/50PH of hashrate already, in larger private entities.

Their next chip can easily achieve 0.2-0.3w/GH is moving to the 28nm node realises the potential 4x efficiency gains, if not more if they further develop the chip.

Yes, I know all about BitFury. I'm not saying they're not a massively successful company. I'm just looking at the new cloud mining offering and laughing my arse off at how terrible it is. As for their new chips, I'm pretty sure they can achieve 0.2 J/Gh (if not better) but AM already have and we know when they're set to hit the shelves. Do you have any info for when BitFury's new miners will available for use?

Well we will see when AM has some of the final chips on a board and posts real numbers. I hope they can finally make a good chip that actually beats out some of the other companies for a while. The next few months will be interesting for sure, but I still do not see how they could ever pay large divs again.

If anyone is expecting 0.01/share per week then they are in for a bad wake-up call.  The days of running ~30% of the network are probably over.

However, I can see AM having 10% network pretty easily for self mining if the new chips / mining can be produced cheaply and quickly.

[arnuschky]

Can someone ELI5 this paycoin business? Why is this altcoin suddenly so interesting, and why is more that 50PH directed to the paycoin network?

I also wonder why?

 Speculative frenzy.

http://www.coindesk.com/gaw-miners-altcoin-launch-sparks-speculative-frenzy/

[Blazed]

Can someone ELI5 this paycoin business? Why is this altcoin suddenly so interesting, and why is more that 50PH directed to the paycoin network?

I also wonder why?

 Speculative frenzy.

http://www.coindesk.com/gaw-miners-altcoin-launch-sparks-speculative-frenzy/

That coin is garbage, but I am really happy they launched it..nicehash was paying an insane amount to us miners. I made an absolute killing off of it 

[raskul]

Can someone ELI5 this paycoin business? Why is this altcoin suddenly so interesting, and why is more that 50PH directed to the paycoin network?

I also wonder why?

 Speculative frenzy.

http://www.coindesk.com/gaw-miners-altcoin-launch-sparks-speculative-frenzy/

That coin is garbage, but I am really happy they launched it..nicehash was paying an insane amount to us miners. I made an absolute killing off of it  

ditto.
I just bought a new car. 

[Chris_Sabian]

Can someone ELI5 this paycoin business? Why is this altcoin suddenly so interesting, and why is more that 50PH directed to the paycoin network?

I also wonder why?

 Speculative frenzy.

http://www.coindesk.com/gaw-miners-altcoin-launch-sparks-speculative-frenzy/

That coin is garbage, but I am really happy they launched it..nicehash was paying an insane amount to us miners. I made an absolute killing off of it  

ditto.
I just bought a new car. 

Yugo cars don't count. 

[raskul]

Can someone ELI5 this paycoin business? Why is this altcoin suddenly so interesting, and why is more that 50PH directed to the paycoin network?

I also wonder why?

 Speculative frenzy.

http://www.coindesk.com/gaw-miners-altcoin-launch-sparks-speculative-frenzy/

That coin is garbage, but I am really happy they launched it..nicehash was paying an insane amount to us miners. I made an absolute killing off of it  

ditto.
I just bought a new car. 

Yugo cars don't count. 

hyundai sports coupe 1.6, it's my mid-life crisis purchase.
 

[rudi]

Haha you guys are funny. Thanks for the answer though!

[ensurance982]

This company's rating has been updated in the Manufacturer Trustworthiness thread.

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I gotta say this is a tad uncalled for... FC has communicated more than ever (well except for the funding and early gen 1 period) over the last weeks or so. The 1/10 points at communication deserve at least something better

[malaimult]

This company's rating has been updated in the Manufacturer Trustworthiness thread.

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I gotta say this is a tad uncalled for... FC has communicated more than ever (well except for the funding and early gen 1 period) over the last weeks or so. The 1/10 points at communication deserve at least something better

Well they seem to be bashing their competition via proxies that are all on default trust (and wearing their signature). IMO this is a serious cause for concern

[dmcdad]

This company's rating has been updated in the Manufacturer Trustworthiness thread.

[This message won't be monitored, discuss any concerns in the thread.]

I gotta say this is a tad uncalled for... FC has communicated more than ever (well except for the funding and early gen 1 period) over the last weeks or so. The 1/10 points at communication deserve at least something better

Well they seem to be bashing their competition via proxies that are all on default trust (and wearing their signature). IMO this is a serious cause for concern

Can you please give more detail on this (examples, links, etc.)? Thanks.

[dhenson]

This company's rating has been updated in the Manufacturer Trustworthiness thread.

[This message won't be monitored, discuss any concerns in the thread.]

I gotta say this is a tad uncalled for... FC has communicated more than ever (well except for the funding and early gen 1 period) over the last weeks or so. The 1/10 points at communication deserve at least something better

Well they seem to be bashing their competition via proxies that are all on default trust (and wearing their signature). IMO this is a serious cause for concern

Proof?

[raskul]

This company's rating has been updated in the Manufacturer Trustworthiness thread.

[This message won't be monitored, discuss any concerns in the thread.]

I gotta say this is a tad uncalled for... FC has communicated more than ever (well except for the funding and early gen 1 period) over the last weeks or so. The 1/10 points at communication deserve at least something better

Well they seem to be bashing their competition via proxies that are all on default trust (and wearing their signature). IMO this is a serious cause for concern

Proof?

even if it was the case, so what!? i feel that some folks are just a little too precious about their interent formus.
it's a big world out there kids and manufacturing companies are vying to keep ahead. Whatever marketing methods a company wishes to use, it's good to see the novel ways they their employees go about drumming up custom. At the end of the day the decision to buy / not to buy lies in the hands of the consumer.

that is one thing that never changes, people don't get 'brainwashed' into buying from a particular manufacturer.

REAL WORLD MARKETING BY ME <--- hire me, it's Christmas and I have hundreds of children to feed.

[dogie]

This company's rating has been updated in the Manufacturer Trustworthiness thread.

[This message won't be monitored, discuss any concerns in the thread.]

I gotta say this is a tad uncalled for... FC has communicated more than ever (well except for the funding and early gen 1 period) over the last weeks or so. The 1/10 points at communication deserve at least something better

Have a look through any of the product threads. Its been the same thing repeated for months and months, bad communication, customer support, technical support and impossible to get hold of anyone. It goes on for pages and pages and pages and pages across all the threads.

[raskul]

This company's rating has been updated in the Manufacturer Trustworthiness thread.

[This message won't be monitored, discuss any concerns in the thread.]

I gotta say this is a tad uncalled for... FC has communicated more than ever (well except for the funding and early gen 1 period) over the last weeks or so. The 1/10 points at communication deserve at least something better

Have a look through any of the product threads. Its been the same thing repeated for months and months, bad communication, customer support, technical support and impossible to get hold of anyone. It goes on for pages and pages and pages and pages across all the threads.

I think what dogie is confusing here is the difference between a product manufacturer and an interent formus user.
When you purchase an item from a manufacturer, they do not have a duty to be on hand 24/7 on a related, but separate from their own sales platform forum.
I do think dogie has been slightly harsh and I can actually see a h/w race which is pretty much neck-and-neck-and-neck-and-neck at the moment.

[Blazed]

This company's rating has been updated in the Manufacturer Trustworthiness thread.

[This message won't be monitored, discuss any concerns in the thread.]

I gotta say this is a tad uncalled for... FC has communicated more than ever (well except for the funding and early gen 1 period) over the last weeks or so. The 1/10 points at communication deserve at least something better

Have a look through any of the product threads. Its been the same thing repeated for months and months, bad communication, customer support, technical support and impossible to get hold of anyone. It goes on for pages and pages and pages and pages across all the threads.

I think what dogie is confusing here is the difference between a product manufacturer and an interent formus user.
When you purchase an item from a manufacturer, they do not have a duty to be on hand 24/7 on a related, but separate from their own sales platform forum.
I do think dogie has been slightly harsh and I can actually see a h/w race which is pretty much neck-and-neck-and-neck-and-neck at the moment.

You are joking right? They sold bad miners and just completely ignored it for months. People had boards DOA, boards catching fire, bad controllers, paid orders with delays and no replies. They should not be expected to offer round the clock support, but not even replying for over a month? AM should stick to making chips and offering cloud mining...AMHash seems to be working out well these days.

[Mabsark]

Well they seem to be bashing their competition via proxies that are all on default trust (and wearing their signature). IMO this is a serious cause for concern

Can you please give more detail on this (examples, links, etc.)? Thanks.

I think he's talking about a bunch of users (including Mr Teal, Puppet, Raskul and I) asking some cloud mining ponzis to provide evidence of legitimacy and me leaving negative feedback because they flat-out refused. I've told those "services" I'd remove it if they provide such evidence. Unsurprisingly, they haven't provided any evidence.

[MichaelBliss]

This company's rating has been updated in the Manufacturer Trustworthiness thread.

[This message won't be monitored, discuss any concerns in the thread.]

I gotta say this is a tad uncalled for... FC has communicated more than ever (well except for the funding and early gen 1 period) over the last weeks or so. The 1/10 points at communication deserve at least something better

Have a look through any of the product threads. Its been the same thing repeated for months and months, bad communication, customer support, technical support and impossible to get hold of anyone. It goes on for pages and pages and pages and pages across all the threads.

I think what dogie is confusing here is the difference between a product manufacturer and an interent formus user.
When you purchase an item from a manufacturer, they do not have a duty to be on hand 24/7 on a related, but separate from their own sales platform forum.
I do think dogie has been slightly harsh and I can actually see a h/w race which is pretty much neck-and-neck-and-neck-and-neck at the moment.

The real problem is that one user "Doggie" has so much power and influence over "ratings" - since he is the only one rating these companies it seems.  You can't really blame him for providing a service.  Since he's the only one, he becomes a bit of a dictator in a community that respects "decentralization", not tyranny.  The obvious solution would be for other Doggies to emerge and do their own ratings.   A better solution would be to set something up where the rating is a transparent forumula that takes as it's input ratings of various users.   Doggie's thread, and the way he can play God and make or break a company, always seemed ridiculously authoritarian and incompatible with bitcoin principals of democracy and plurality, etc.    
I mean, even if Doggie is a saint today; what's to stop him from selling his account to Spoondoolies or someone?  Centralization is not good.  Neither is authoritarianism.   Distrust anyone who decides to become an "authority".  Sorry Doggie, you seem like an all right guy, but I can't support what your doing.