Re: [ANN] Bitfury is looking for alpha-testers of first chips! FREE MONEY HERE!
..... Also despite what galaxyASIC said seems that I have mastered to design $10 million-worth logic cell library (he claimed that such research costs in range of $10 million USD). If that job is really that complex and chip works, then this technology costs more than $10 million ALONE. But - need to wait of course to check error rates. Without real hashing and reading error rates it can be overestimated and real hash rate can be twice less (clock). Well - and also of course there may be minor bug that ruins whole thing, because development time was very short - that are current questions, not power consumption.
I don't remember claiming that it's cost $10M.
But I did calculation over the weekend and result is that it's completely worthless endeavor to run chip in 0.5-0.6 volts vs running it at standard 1.0-1.1 volts for bitcoin projects. So, BitFury's low voltage chip is just a marketing BS.
Savings in cost of power vs getting less Bitcoins at a ratio of something as high as 6/2 will yield ~48.76% less bitcoins if run from day one on low power and if switched at most optimal time from full power to low power only yields less than 0.32%, less than third of one percent.
(6 times less power at 2 times less performance)
He will just end up using more chips and more electronic components and PCB to get to the same performance and since power use by any ASICs is already very low and cost per kW is not $4 but only $0.10-$0.40, there is no point in ruining chips at low power.
For low voltage chip make any financial sense, power needs to cost over $4/kW
But if he can achieve it, then it will be just an ego stroke.
Lesson? Do cost/benefit analysis before you spend a lot of money.
Try thinking of it as a very energy efficient ASIC with huge overclocking capability :-) Maybe it will calm your nerves...
PS. The mining market will move to the point where mining costs = mining earnings. So, as soon as BFL, Avalon and other starts delivering, only most energy efficient ASICs will prevail (ceteris paribus). I hope that you are designing yours in a way that it can beat Bitfurys J/Mhs, if not it is possible you wont sell any.