ASICMINER: Entering the Future of ASIC Mining by Inventing It

[dhenson]

Anyone recognize what hardware this guy is using?  https://www.youtube.com/watch?v=5CjldZLXiAU

Aren't those bitfury boards?

http://www.bitfurystrikesback.com/product/bfsb-m-board-v2-3/

[jimmothy]

Anyone recognize what hardware this guy is using?  https://www.youtube.com/watch?v=5CjldZLXiAU

8 million dollars a month is 2.5 PH at current difficulty.

Could be cex.io

Edit: Says over 1PH @ 1.4MW so it must be bitfurys.

Edit 2: "Dave Carlson the Founder of MegaBigPower"

[necro_nemesis]

Anyone recognize what hardware this guy is using?  https://www.youtube.com/watch?v=5CjldZLXiAU

Don't know but I find it interesting this notion that mining "Has become too difficult". IMHO difficulty is all relative and ASIC 's are still in the process of being optimized in cost and performance. What lies ahead is capitalizing on those efficiencies which appear to be substantial in this latest round of ASIC' s.

Ref the video: I don't know if I really want to be smiling invested in a boatload of mining systems based on older inefficient ASIC 's at the present moment.

[aahzmundus]

I have been meaning to research the reason, but Washington state has really REALLY cheep electricity.  Even with air cooling he can run those things far longer then most people could afford to.

I was considering trying to fund a mining farm in the area specifically to take in "outdated" hardware pennies on the gigahash, and then run them with the cheep electricity.

Another place I can see this happening is Iceland.

It will be interesting to see where mining power ends up geographically. In china close to production?  Close to major internet backbones to race orphans? Africa for subsidies? Iceland for power cost?  Cyprus for a bitcoin friendly government?  When your mining farm fits in a shipping container, maybe you just leave them on a ship and sail around as needed!

[necro_nemesis]

I suspect in time when the ASIC makers find it virtually impossible to outdo each other they will compete on the margins to manufacture alone and the older stuff will be landfill.

[Teodor]

The difficulty increases so much so that when people buy these things they are just good for nothing but put some eggs and a hen on them to make chikens! Not to make bitcoins!  

Hope these guys will suprise us with something that NO ONE in the market did untul now !!
To create a real mining rig that can beat the difficulty and make real ROI !!

[necro_nemesis]

There's no beating the difficulty. It's about contributing to it in the most cost effective way thereby making others contributions fruitless.

Bitcoin is becoming a rich man's game where only those willing to wager will have a chance. If any slowing of the difficulty is seen in the short term it's due to the cost of admission driving the little guy out. If the price of BTC remains high I suspect difficulty will begin to look like spikes as the large operations required to have a competitive edge come online. Building these systems takes time and won't necessarily reflect the steady outpouring of smaller systems.

The sensible money IMHO is to join in on one of these giant's enterprise.

Edit: The "sensible money" I use loosely when we are talking about bitcoin after all. If you have a mattress you might want to look at that option as being more sensible.

[BKM]

Anyone recognize what hardware this guy is using?  https://www.youtube.com/watch?v=5CjldZLXiAU

Thats Dave from Bitfury USA.

[Endlessa]

....

 If any slowing of the difficulty is seen in the short term it's due to the cost of admission driving the little guy out.

.....

It's a matter of the production limits of the current manufacturers and the unknown effect/quantity of hardware yet to be delivered.

[klondike_bar]

There's no beating the difficulty. It's about contributing to it in the most cost effective way thereby making others contributions fruitless.

Bitcoin is becoming a rich man's game where only those willing to wager will have a chance. If any slowing of the difficulty is seen in the short term it's due to the cost of admission driving the little guy out. If the price of BTC remains high I suspect difficulty will begin to look like spikes as the large operations required to have a competitive edge come online. Building these systems takes time and won't necessarily reflect the steady outpouring of smaller systems.

The sensible money IMHO is to join in on one of these giant's enterprise.

Edit: The "sensible money" I use loosely when we are talking about bitcoin after all. If you have a mattress you might want to look at that option as being more sensible.

+1

I am scaling from 4kW to a 20kW location over the coming weeks at $0.135/kwh, with the goal being to then re-structure again and make the move to a full-fledged (100kW+) location in Quebec where power is about $0.10/kwh in late 2014 or early 2015. That's when you start looking at a million-dollar investment

[romerun]

I hear bitfury selling dev batch of their version 2 chip, few weeks ago, looks like they're going to come out before FC gen 3

[jimmothy]

I hear bitfury selling dev batch of their version 2 chip, few weeks ago, looks like they're going to come out before FC gen 3

Wont even compare to AM gen3. It is still using 55nm iirc.

[aahzmundus]

I hear bitfury selling dev batch of their version 2 chip, few weeks ago, looks like they're going to come out before FC gen 3

Wont even compare to AM gen3. It is still using 55nm iirc.

I thought the (smaller NM is better) argument was finally dead... j/ghps is what matters.  Friedcat has shown you can win with older hardware if you optimize it right.

[jimmothy]

I hear bitfury selling dev batch of their version 2 chip, few weeks ago, looks like they're going to come out before FC gen 3

Wont even compare to AM gen3. It is still using 55nm iirc.

I thought the (smaller NM is better) argument was finally dead... j/ghps is what matters.  Friedcat has shown you can win with older hardware if you optimize it right.

You're right but it looks like only a minor revision of gen1 bitfurys.

3GH achieved at 0.62W/GH and 0.81V per chip, but a full string (@12V) requires a bit more current and will rise to 0.75W/GH
I have not pushed the chip yet to higher voltage and clocks

[antirack]

I have been meaning to research the reason, but Washington state has really REALLY cheep electricity.

I am currently looking into this, but so far the $0.02 seem to be a mystery. Maybe "Dave from Bitfury USA" can comment  

http://www.eia.gov/state/print.cfm?sid=WA

Nov-13

Electricity    Washington
Residential    8.70 cents/kWh   
Commercial    7.95 cents/kWh
Industrial    4.49 cents/kWh   

https://bitcointalk.org/index.php?topic=507721.0

[bitfair]

I have been meaning to research the reason, but Washington state has really REALLY cheep electricity.  Even with air cooling he can run those things far longer then most people could afford to.

The reason is great conditions for hydroelectric power (Grand Coulee Dam, etc.).

[Fordee]

  
 Anybody who can check the chinese forums?  

 I just watched Havelock rocket up to .647 and then blow up..

 No friedcat post, but somebody just dropped some coin.. both AM1 and AM100

[dhenson]

 
 Anybody who can check the chinese forums?   

 I just watched Havelock rocket up to .67 and then blow up..

 No friedcat post, but somebody just dropped some coin.. both AM1 and AM100

Havelock isn't responding... I'm going to have to learn Chinese apparently.

[Fordee]

I dropped a .4 .. shoulda been .647     

 But still..   A big move in a few seconds on AM too, considering no news.

[Zubilica]

News will come , after the insiders have taken their profit, this is the new way of PR from AM.  Or some bullies got bored and decided to act.