Gridchip GC3355 Mining machine for FTC
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[quote name=“Kevlar” post=“42172” timestamp=“1386618067”]
[quote author=HizzleFizzle link=topic=5698.msg42122#msg42122 date=1386614215]Are any of you worried?
[/quote]Yep, I am.
I’m worried these things will never hit the market, so the arms race for scrypt coins can begin, causing people to invest in farms, driving the value and therefore the price up.
Just look at what ASIC’s did for Bitcoin: You’ve got people investing HUGE amounts of money in their mining hardware. That has a huge impact on the valuation that people demand for their coins. When people start mining scrypt coins in earnest, the same thing will happen to scrypt coins.
Frankly, they just can’t come soon enough.
[/quote]Wow, I missed a whole page of posts that arrived before I last answered :P
Kevlar, I definitely see your point there. But before I discovered FTC, I was reading into BTC ASIC’s, and it just seems like an almost futile battle to always have the fastest machines. If you place a pre-order with a company that turns out to be slower at delivering the finished product than they let you hope for, you might never reach ROI.
And the whole idea that, in order to have good enough equipment, you need to pre-order from all these new companies who advertise products that the only have blueprints for. Just take a look at all the frustrations on Butterfly Labs’ facebook page. People are pretty frustrated.
And the reason for this whole thing is that it’s all about being first with the new tech. So you choose which ASIC “horse” you want to bet on and just cross your fingers and hope that it finishes among the first few.
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[quote name=“HizzleFizzle” post=“42250” timestamp=“1386628243”]
[quote author=Kevlar link=topic=5698.msg42172#msg42172 date=1386618067]
[quote author=HizzleFizzle link=topic=5698.msg42122#msg42122 date=1386614215]Are any of you worried?
[/quote]Yep, I am.
I’m worried these things will never hit the market, so the arms race for scrypt coins can begin, causing people to invest in farms, driving the value and therefore the price up.
Just look at what ASIC’s did for Bitcoin: You’ve got people investing HUGE amounts of money in their mining hardware. That has a huge impact on the valuation that people demand for their coins. When people start mining scrypt coins in earnest, the same thing will happen to scrypt coins.
Frankly, they just can’t come soon enough.
[/quote]Wow, I missed a whole page of posts that arrived before I last answered :P
Kevlar, I definitely see your point there. But before I discovered FTC, I was reading into BTC ASIC’s, and it just seems like an almost futile battle to always have the fastest machines. If you place a pre-order with a company that turns out to be slower at delivering the finished product than they let you hope for, you might never reach ROI.
And the whole idea that, in order to have good enough equipment, you need to pre-order from all these new companies who advertise products that the only have blueprints for. Just take a look at all the frustrations on Butterfly Labs’ facebook page. People are pretty frustrated.
And the reason for this whole thing is that it’s all about being first with the new tech. So you choose which ASIC “horse” you want to bet on and just cross your fingers and hope that it finishes among the first few.
[/quote]Oh it is! It is! It’s a race where the winners win big, and the rest look on in envy.
But the way most people speak of ROI is not consistent, because it ignores future price fluctuations. If you use your machine to mine, and you get 20 coins, but they’re worth a dollar a piece, you’ll never hit break even… but then if you just wait 2 years, suddenly your 20 coins are worth 20,000 dollars and ROI is at 500%.
Mining is an investment in the network. When people buy ASICs, they’re putting their money into Bitcoin, they’re just not doing it through an exchange. If everyone buys ASICs, then everyone can agree what a fair price is for the coins: coin value = electricity cost to mine one coin. If difficulty is skyrocketing, then the electricity cost to mine one coin is increasing, which means the valuation increases with it. Ultimately, this is a Very Good Thing ™.
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I have to liquidate some holdings every week to hit my ROI. I save about ~40 to 50% of what i mine while i sell the rest to hit my ROI. little bit of both worlds.
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well i would think that asic for script coins wont have as much a effect on mining compared to bitcoin. at least not as fast. for one bit coin was the primary coin targeted by the asic chips hence the difficulty shot up fairly quickly. There are just to many script coins for the difficulty to shoot up right away. You also have to look at the fact that it looks like ther was allot more companies trying to pump out asic for bitcoin. i see very few for script coins. So my guess is asic will come but it will take much longer to have a impact on gpu mining as a whole. with that being said those who do get theer hands on asic for script early will be sitting on a pot of gold if the hash rates are good enough.
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well it comes out to $345.83 for 280kh/s but the power is real low
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GC3355 chip is 70Kh/s . power is 4-5w.
more [url=http://www.gridseed.com/main.php]http://www.gridseed.com/main.php[/url]
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this was posted on the bit coin forums
Scheduled at 10:00 on December 8, 2013, in West Street, Haidian, Beijing, 70 3W coffee (Haidian Book City, south of the membership across the sea floor), held Gridchip GC3355 chip product launches and mining machines. In addition to the chip and mine-site machine product launches, and BTC, LTC demonstration outside mining, but also on-site sales of 50 sets of single-chip development board and a few chips.
Development board: each 500 yuan
chip: 400 yuan per piece, per pack of 1600 yuan four chipsThis price is only preliminary offers developers, not as a formal reference to the product price. Each person can purchase two development boards, chip purchase of two packs per person.
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[quote name=“Kevlar” post=“42258” timestamp=“1386629069”]
If difficulty is skyrocketing, then the electricity cost to mine one coin is increasing, which means the valuation increases with it. Ultimately, this is a Very Good Thing ™.
[/quote]I see your point!
[quote author=angloblaxon link=topic=5698.msg42268#msg42268 date=1386630375]
I have to liquidate some holdings every week to hit my ROI. I save about ~40 to 50% of what i mine while i sell the rest to hit my ROI. little bit of both worlds.
[/quote]Sounds like a good way to do it. I’ll probably borrow that idea :)
[quote author=lizhi link=topic=5698.msg42342#msg42342 date=1386646897]
GC3355 chip is 70Kh/s . power is 4-5w.more [url=http://www.gridseed.com/main.php]http://www.gridseed.com/main.php[/url]
[/quote]
That is a very reasonable power consumption. The planet would thank us for using them instead of GPU’s ;)[quote author=colsteel link=topic=5698.msg42346#msg42346 date=1386648132]
this was posted on the bit coin forums…
[/quote]
Thanks for the info! -
[quote name=“lizhi” post=“42342” timestamp=“1386646897”]
GC3355 chip is 70Kh/s . power is 4-5w.more [url=http://www.gridseed.com/main.php]http://www.gridseed.com/main.php[/url]
[/quote]36 chips would deliver 2,520 kh / s with a low consumption of only 160watts.
That’s good! ;D
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One of the large norwegian web shops got in 100+ units of Sapphire OC dual 280X cards for 235GBP each.
Gotta say its tempting to build me some more. just need to find someone with space and electricity to me :)
[/quote]Same here :d ,BF4 is included with it :D
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[quote]Gridchip GC3355 can have BTC only at 5.30W, or BTC+LTC at 4.2W, [b]or LTC only at 0.44W.
59.6Kh/s at 0.44W is 135kh/s per watt[/b].[b]Is 45x more efficient than a HD7950.[/b]
2250 Gh/s is so fast that i think this document have a mistake, must be 2.250 Gh/s instead.And is possible to make a coin ASIC, FPGA and GPU proff, but i don’t know if is possible for ASIC and FPGA proff only.[/quote]
:o
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[quote name=“Ernesto” post=“42801” timestamp=“1386722583”]
[quote]Gridchip GC3355 can have BTC only at 5.30W, or BTC+LTC at 4.2W, [b]or LTC only at 0.44W.
59.6Kh/s at 0.44W is 135kh/s per watt[/b].[b]Is 45x more efficient than a HD7950.[/b]
2250 Gh/s is so fast that i think this document have a mistake, must be 2.250 Gh/s instead.And is possible to make a coin ASIC, FPGA and GPU proff, but i don’t know if is possible for ASIC and FPGA proff only.[/quote]
:o
[/quote]Replace “proof” with “resistant” and you’ll get a rep from me.
Nothing is FPGA/ASIC proof. If you can design a program to do it, you can make a chip to execute that program. Now if that’s cost effective is another story entirely.
