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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3897485 times)
Chris_Sabian
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December 20, 2014, 03:25:59 PM
 #24821

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? Huh

 Speculative frenzy.

Read this post by eightcylinders before you touch anything related to GAW:
https://bitcointalk.org/index.php?topic=857670.msg9868670#msg9868670
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Mabsark
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December 20, 2014, 03:55:17 PM
 #24822

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 Huh 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.
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December 20, 2014, 04:21:15 PM
 #24823

To say Bitfury is a joke is just plain stupid. They are a major player in the mining space...come on. They do not need to be competitive like AM does. They self mine and seem to be moving into different areas rather than just mining. How much in investment money have they taken in to date? If they wanted to compete they could...very easily.
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December 20, 2014, 04:44:13 PM
 #24824

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 Huh 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.

24" PCI-E cables with 16AWG wires and stripped ends - great for server PSU mods, best prices https://bitcointalk.org/index.php?topic=563461
No longer a wannabe - now an ASIC owner!
Mabsark
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December 20, 2014, 05:08:29 PM
 #24825

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?

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December 20, 2014, 06:08:11 PM
 #24826

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
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December 20, 2014, 06:19:56 PM
 #24827

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
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December 20, 2014, 07:38:53 PM
 #24828

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? Huh

 Speculative frenzy.

http://www.coindesk.com/gaw-miners-altcoin-launch-sparks-speculative-frenzy/
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December 20, 2014, 07:41:33 PM
 #24829

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? Huh

 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  Cool
raskul
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December 20, 2014, 07:42:38 PM
 #24830

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? Huh

 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  Cool

ditto.
I just bought a new car.  Cheesy

tips    1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
Chris_Sabian
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December 20, 2014, 07:59:51 PM
 #24831

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? Huh

 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  Cool

ditto.
I just bought a new car.  Cheesy

Yugo cars don't count.  Grin
raskul
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December 20, 2014, 08:04:03 PM
 #24832

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? Huh

 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  Cool

ditto.
I just bought a new car.  Cheesy

Yugo cars don't count.  Grin

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

tips    1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
rudi
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December 21, 2014, 12:02:55 AM
 #24833

Haha you guys are funny. Thanks for the answer though!
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December 21, 2014, 01:00:29 AM
 #24834

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 Cheesy

                                                                                                                      We Support Currencies: BTC, LTC, USD, EUR, GBP
malaimult
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December 21, 2014, 03:47:25 AM
 #24835

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 Cheesy
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
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December 21, 2014, 03:55:31 AM
 #24836

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 Cheesy
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
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December 21, 2014, 04:02:38 AM
 #24837

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 Cheesy
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
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December 21, 2014, 08:08:12 AM
 #24838

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 Cheesy
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.

tips    1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
dogie
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December 21, 2014, 09:03:29 AM
 #24839

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 Cheesy

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
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December 21, 2014, 09:12:09 AM
 #24840

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 Cheesy

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.

tips    1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
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