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Showing 20 of 51 results by PeterChang
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Topic
Board Mining (Altcoins)
Re: Swedish ASIC miner company kncminer.com
by
PeterChang
on 27/08/2013, 17:36:29 UTC
Competition time!

We have a new challenge for you. We require a slogan for our controller board and we have 48 hours to make up our minds. You may remember we made a couple of minor mishaps with our Mars board. On our original Mars PCBs we printed: Bitcoins make the world go around! (Grammer is not our area of expertise, chip design is). So we have chosen to open this part of the design process to those following us on this forum. This is your chance to be immortalised in Bitcoin tech history. Please design the phrase you wish to see. There is still a space for one sentence on our boards. The 48 hours start now. Competition ends at 5.30pm (local time). We will decide the winning entrant which will then be seen on all our hardware; Jupiter, Saturn and Mercury.

Thanks,

KnCMiner team.

Okay, how about:

In KnC Miner We Trust!

BTC Baby!

K to the C Swedish BTC Style!

KnC Miner to the Max!

BTC to the Max!

Hash and the World Hashes with you!

Mine and the World Mines with you!

If you’re in control, you’re not going fast enough.

Mining and Greed for the lack of better words are good.

Mining is Everything!

Insanely Great Since 2013

Post
Topic
Board Hardware
Re: Has anyone ever considered creating rack mounted asics?
by
PeterChang
on 09/04/2013, 13:19:51 UTC
A rack mounted ASIC would be awesome Smiley
Post
Topic
Board Altcoin Discussion
Re: Best 7970 for mining
by
PeterChang
on 05/04/2013, 17:56:04 UTC
I'm building a rig for LTC and I'm looking for info on which 7970 would give the best performance (not considering electricity). I found a Tom's Hardware post http://www.tomshardware.com/reviews/radeon-hd-7970-overclock-review,3186.html comparing them, but looking for some specific mining info. Thanks.

I do really like the MSI 7970 Lightning, though it's gotten hard to find one lately. After reading through the review it looks like the Sapphire one might be a good 7970 to get, also overclocked 7950s are also a good option as well.

Post
Topic
Board Securities
Re: Kick Ass M100 Project
by
PeterChang
on 29/03/2013, 19:08:43 UTC
8 shares to date have been sold, and a big shout out of thanks to the shareholders. We'll be starting out smaller--a few SC singles and I've also qualified on SmallKnot.com for fundraising status. Thanks to SmallKnot for helping us vet that we are a real life small business.

We'll be starting out with either 10-15 G/h per user and then adding to the G/h as we mine every few months Smiley

Here's the link for SmallKnot to purchase shares:
http://smallknot.com/kick-ass-colocation
Post
Topic
Board Hardware
Re: PrimeAsic - 80 Ghash/sec Asic Miner
by
PeterChang
on 05/03/2013, 01:28:00 UTC
Hello Everyone!

I'm posting to announce our ASIC product, PrimeAsic which does up to 80Ghash/s using a little over 800W power.

We are a Hungary based company, started developing this project in 2012 June, finished it without ANY pre-order money at all.
Now the units are ready to ship, or to be picked up locally.

Our webpage is currently being developed as I post here, please give us a day so it will be fully finished.
Domains owned by us: bitasic.com, btcasic.com, 80gigahash.com, primeasic.com
All other names are not owned by us, and are possible scam attempts to misuse our name.

I will constantly post with pictures of the miner equipment, specifications, prices, company details and if requested the registration certificate, phone number, address for local pickup and I will try to respond to every questions you may have.

And at last, here is a proof of it mining:
http://s11.postimage.org/ft04z719b/asic2.jpg
http://s16.postimage.org/jaes7rbhd/asic3.jpg

You can go to ozco.in pool, check the user top 20 and see us there:)
Mining will be stopped after our page comes live.

Stay tuned for more info!

Can you post images of the Prime ASIC miner itself--the chip, board, etc... Thanks!
Post
Topic
Board Hardware
Re: First REAL working sample of Russian Bitcoin ASIC
by
PeterChang
on 05/03/2013, 01:25:25 UTC
Thanks, the video is clear in 1080p. Can you provide some details about the USB ports?

Sorry for all of the questions, the casing looks sleek and reminds me of an Android TV case that my friends and I had worked on. I'm just wondering why you have 2 USB ports on your ASIC miner.
Post
Topic
Board Hardware
Re: First REAL working sample of Russian Bitcoin ASIC
by
PeterChang
on 05/03/2013, 00:51:23 UTC
At last we proudly to present you first ready to use sample of hardware bitcoin miner. It based on components Russian-Chinese production , can work through RJ-45 and has two USB 2.0 ports: first for commutation with PC (or Mac) second USB is OTG to connect keyboard or other ASIC mining device. Aproximate mining speed is around 80 GHash, but miner is still under heavy optimization. So, speed of end user devices could be greater up to 10-25%.
First photo of working prototype.
http://www.freeimagehosting.net/t/j3lle.jpg
Video:
http://www.youtube.com/watch?v=CtZs4Gj2lKw
Product specs:
Main CPU: ARM Cortex A9 Dual Core 1,4 GHz
RAM: 512 Mb DDR3
ASIC units: 4x Elbrus ASIC devices @ 20 GHash each
OS: modified Bolgenos(Russian Ubuntu distro) ARM version
Power consumption: 800 W
PSU: Thermaltake 1200 W (external)

Wow! This is like the 3rd ASIC vendor this week, anymore and we'll all lose track. Can you zoom in on your YouTube video, the screen rendering is a little too blurry? Also, can you post images of the chips/board,etc...

Also, why does your ASIC Miner have a TF card slot? Can you provide more details on the ports?
Post
Topic
Board Securities
Re: Kick Ass M100 Project
by
PeterChang
on 25/02/2013, 06:00:57 UTC
Take a look at this: http://polimedia.us/trilema/2012/the-problem-with-pmbs-ie-perpetual-mining-bonds/

There is no benefit for it being non-tradable. It only benefits you so you can not bother with listing on a bitcoin exchange.

Thank you for your feedback, and we're not interested in trading.
Post
Topic
Board Securities
Re: Kick Ass M100 Project
by
PeterChang
on 25/02/2013, 05:48:34 UTC
So, again, why is a non-perpetual PMB that cannot be traded a good idea?

Moore's Law, there will be better tech in 2 years...
Post
Topic
Board Securities
Re: Kick Ass M100 Project
by
PeterChang
on 25/02/2013, 05:40:37 UTC
No share trading shows you know nothing of what you are talking about. You can trade bets on prediction markets, treasury bonds can be brought back, people at even trading preorder positions especially for Avalon.

It might appeal to people (and issuers) who have no business trading, but this dramatically limits the liquidity (to 0) and reduces options like selling now and getting upfront returns.

Your last answer is the worst you can give. Go work out the difficulty after BFL and Avalon and ASICMINER fully ships, add 10x the amount of people who aren't preordering, and you are forgetting your order is last on the line.

This would actually be interesting if you have a very early mini rig preorder, but now it's a joke.

I think the real joke is right here:
https://bitcointalk.org/index.php?topic=146319.0
Post
Topic
Board Securities
Re: Kick Ass M100 Project
by
PeterChang
on 25/02/2013, 05:23:31 UTC
Yes, we're not interested in the trade markets.
Post
Topic
Board Securities
Re: Kick Ass M100 Project
by
PeterChang
on 24/02/2013, 23:30:18 UTC
1) Free market capitalism is the best path to prosperity, and you can trust different vendors and choose different services. We're not for everybody.
2) If we sell less than 100 Shares we'll put it to a vote--refund or purchase smaller units, like a few SC Singles.
3) The extra money goes into maintenance and administrative fees. For example we'll have additional insurance for the MiniRig, and we'll have to pay a Use Tax in Minnesota for purchase of the MiniRig. Also we're paying for 2 years of colocation at our top notch data center. Everybody wants redundant power, redundant internet, 99.999999 uptime, etc.. those things don't come cheaply. After 2 years, it's nowhere near $15,000.
4) That's sort of insulting to Bitcoiners we feel that there should be a long term plan, and trading shares invites scams.
5) We feel that the MiniRig will be profitable for 2 years, and after 2 years it wouldn't be profitable. It's really that simple.
6) The goal is to double everybody's money.
Post
Topic
Board Securities
Re: Kick Ass M100 Project
by
PeterChang
on 24/02/2013, 07:04:10 UTC
I'm also going by the past history of the FPGA MiniRig--which seemed much better than the other units Smiley
Post
Topic
Board Securities
Re: Kick Ass M100 Project
by
PeterChang
on 24/02/2013, 07:00:47 UTC

Thanks! My friends and I run a design studio in Minneapolis, MN. We're taking payments via BitPay, the shopping cart script doesn't have a denotation for Bitcoins, so a dollar amount is initially listed. When you pay it will be to be in Bitcoins. If you don't believe me, try adding the Share into the cart type in some bogus info, it'll at some point ask you for Bitcoins. BitPay was sent up so that I can also collect the email addresses and run the inventory of the remaining shares.

Once we hit a total of 100 Shares sold, we'll place an order with BFL and then start mining for a month. At the end-of-the-month totals are calculated then split into 100. Each owner of the share is contacted to ask for the wallet address and Bitcoin payments are sent out. Permanent wallets will work out the best. We'll do this for 2 years Smiley

During the  2 years we'll also post the monthly payout totals, stats of the MiniRig, pools that we have mined on, take votes when we hit crucial decisions regarding the MiniRig, etc...
Post
Topic
Board Securities
Re: Kick Ass M100 Project
by
PeterChang
on 24/02/2013, 06:35:34 UTC
Unfortunately for you, whether your intentions were good or not, BFL has priced their (currently non-existent) lower end units such that there is no need for people to throw in for a mini-rig. It would not make sense for someone to take on all the additional risk you're proposing vs directly buying a Little Single themselves. You don't even have a place in line. Sorry if that shattered your dreams.  Wink


+1

Hey, at least you might be able to sell your domain name! Let's do some calculations:

1 share = $450
Mini Rig = 1,500 GH/s
1 share = 15 GH/s

Little single SC = $649
Little single SC = 30 GH/s

There's the electricity costs, but don't forget that you won't be able to sell your "share", and it only lasts for 2 years.


Actually if the MiniRig could be overclocked that number might be better Smiley Also, if BFL doesn't meet the unit target (actually I really hope that all of the unit targets are met) the smaller units might not perform as well. Another reason for going with a larger unit is that there's more hashing power and a greater chance of discovering new blocks. Admin and maintenance costs are factored in per share. After 2 years I'm sure that BFL will have better tech that we'll want to buy Smiley
Post
Topic
Board Securities
Re: Kick Ass M100 Project
by
PeterChang
on 24/02/2013, 06:32:02 UTC
Unfortunately for you, whether your intentions were good or not, BFL has priced their (currently non-existent) lower end units such that there is no need for people to throw in for a mini-rig. It would not make sense for someone to take on all the additional risk you're proposing vs directly buying a Little Single themselves. You don't even have a place in line. Sorry if that shattered your dreams.  Wink


It's great feedback Smiley I think some people wouldn't want to bother with the maintenance and admin of an ASIC unit.
Post
Topic
Board Securities
Re: Kick Ass M100 Project
by
PeterChang
on 24/02/2013, 06:30:23 UTC
Why should we trust you? You joined a month ago.

Where is your OTC rating, what are your electricity costs, what you predict the difficulty to be, etc.

The fact is, you haven't placed an order yet, and if post-ASIC mining would still be profitable then EVERYONE is going to buy SCs until it is not profitable.

This is just a PMB.

Yes, trust is difficult Smiley I've spent most of my time on the BFL forum since Nov, and some people would just give up rather than purchase an SC.
Post
Topic
Board Securities
Re: Kick Ass M100 Project
by
PeterChang
on 24/02/2013, 03:49:19 UTC
So - more details?  Like how to invest - how far along you are in the ASIC purchasing process, etc?

Great question! We just launched the project this afternoon. We didn't launch this earlier as we were hoping that someone with a first month or second month MiniRig would offer up a contract like this one--it looks like all of the early order guys are keeping the MiniRigs for themselves. However, it might be that MiniRigs get built sooner or later so we'd thought that we'd give it the old college try Smiley

More details are on the FAQs page:
http://kickasscolocation.com/ka100/?page_id=2

To invest you'd go to the Products page on the website here's the link for your convince:
http://kickasscolocation.com/ka100/?page_id=5

The main page of http://kickasscolocation.com/ka100/ will be used to provide updates such as status of shares sold, and when we sold all of the shares the status of our MiniRig order will also be posted as well.
Post
Topic
Board Securities
Re: Kick Ass M100 Project
by
PeterChang
on 24/02/2013, 03:19:32 UTC

Lol, out of the 3 banners this one was the most fun and yes it's not super professional, but we wanted to make a splash and grab your attention Smiley
Post
Topic
Board Securities
Re: Kick Ass M100 Project
by
PeterChang
on 24/02/2013, 03:17:54 UTC
I'm betting that (i) less than 100 shares will be sold and/or (ii) the issuer runs away with the coins. PM me if you are interested,

You know it's easy to criticize and it's hard to create Smiley We're going for it and I'm not going to run away with the coins. I've done my research and figured out how we can run profitably for 2 years.