Gridchip GC3355 Mining machine for FTC
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[quote name=“HizzleFizzle” post=“42122” timestamp=“1386614215”]
[quote author=lizhi link=topic=5698.msg41965#msg41965 date=1386582456]
Yesterday ,Gridchip GC3355 release in beijing China. It is scrypt Mining machine with cpuminer. One chip is 84KH/s. :D[/quote]
Thanks for sharing the information with us, lizhi.Are any of you worried?
[/quote]Only if I can run it off of solar panels and a battery array.
Otherwise, no.
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can’t find anything on ebay yet at least.
Does the chinese wanna keep this for them self? -
[quote name=“svennand” post=“42131” timestamp=“1386614694”]
can’t find anything on ebay yet at least.
Does the chinese wanna keep this for them self?
[/quote]Wouldn’t you?Boss just told me to ask for his card when there’s a place where we can get them.
Apparently we’re going to build a farm.
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[quote name=“HopeStillFlies” post=“42135” timestamp=“1386615162”]
[quote author=svennand link=topic=5698.msg42131#msg42131 date=1386614694]
can’t find anything on ebay yet at least.
Does the chinese wanna keep this for them self?
[/quote]Wouldn’t you?Boss just told me to ask for his card when there’s a place where we can get them.
Apparently we’re going to build a farm.
[/quote]Haha lovely.
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 :) -
I’ve grown accustomed to this timing, actually. I just got my first R9 280x about 10 minutes ago. Also, I will likely be getting a PS3 for Christmas. This is par for the course ;D
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[quote name=“svennand” post=“42131” timestamp=“1386614694”]
can’t find anything on ebay yet at least.
Does the chinese wanna keep this for them self?
[/quote]From what I understand, tapeout of the chips just begun in November. I guess it will take a while until the boards will be up for sale.
I’m curious about the wattage per board. Probably between 15-25W?
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[quote name=“MTRisner” post=“42142” timestamp=“1386615635”]
I’ve grown accustomed to this timing, actually. I just got my first R9 280x about 10 minutes ago. Also, I will likely be getting a PS3 for Christmas. This is par for the course ;D
[/quote]Bird in the hand, though.You’ll be mining and heading towards ROI and taking advantage of low difficulties long before anyone gets these in hand.
[quote=svennand]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]Is there a hackerspace or something nearby you? Seems to me that one would be excited to have an array of miners running and on display in exchange for power costs and a percentage.
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Probably you are all aware, but some more info (and excitement) here!
- bitcoin forum: https://bitcointalk.org/index.php?topic=362964.0
- litecoin forum: https://litecointalk.org/index.php?topic=9545.0
Anyone planning to get some boards or/and chips?! I am in!
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[quote name=“HopeStillFlies” post=“42145” timestamp=“1386615891”]
[quote author=MTRisner link=topic=5698.msg42142#msg42142 date=1386615635]
I’ve grown accustomed to this timing, actually. I just got my first R9 280x about 10 minutes ago. Also, I will likely be getting a PS3 for Christmas. This is par for the course ;D
[/quote]Bird in the hand, though.You’ll be mining and heading towards ROI and taking advantage of low difficulties long before anyone gets these in hand.
[/quote]
Of course, I agree fully. I’ve already hit my ROI on my rig I’ll be putting together today, as I’ve bartered services locally for every part. I’m excited to see how this effects the short term market as soon as the news starts rippling out. I don’t gamble, unless there are charts that display figures in real time ;)
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[quote name=“HizzleFizzle” post=“42122” timestamp=“1386614215”]
[quote author=lizhi link=topic=5698.msg41965#msg41965 date=1386582456]
Yesterday ,Gridchip GC3355 release in beijing China. It is scrypt Mining machine with cpuminer. One chip is 84KH/s. :D[/quote]
Thanks for sharing the information with us, lizhi.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.
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They wont be cost effective for some time. Time to hit the gas on my GPUs!
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[quote name=“Kevlar” post=“42172” timestamp=“1386618067”]
Yep, I am.I’m worried these things will never hit the market-
[/quote]
I was hoping to save this for awhile. For, like, something important.
[IMG]http://i.imgur.com/GO9A4ej.png[/img]Dammit.
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[quote name=“HopeStillFlies” post=“42177” timestamp=“1386618937”]
[quote author=Kevlar link=topic=5698.msg42172#msg42172 date=1386618067]
Yep, I am.I’m worried these things will never hit the market-
[/quote]
I was hoping to save this for awhile. For, like, something important.
[IMG]http://i.imgur.com/GO9A4ej.png[/img]Dammit.
[/quote]OMG I can’t stop laughing. +1 rep.
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[quote name=“HopeStillFlies” post=“42177” timestamp=“1386618937”]
I was hoping to save this for awhile. For, like, something important.
[IMG]http://i.imgur.com/GO9A4ej.png[/img]Dammit.
[/quote]This is priceless! Too bad I can’t use photocopied coupons…
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Acutally, at a price of 65.5$ per chip, we don’t have anything to worry about right now, I think. Unless, as has been mentioned, they use hardly any power in which case they could be a good longterm investment for companies and put us GPU miners out of business. But yes, it seems we still have some time left for mining :)
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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