Sfards, Formerly Gridseed, Offers 1st 28nm Bitcoin

AsicMiner 28nm BE300S announced by FriedCat |Global Bitcoin News

AsicMiner 28nm BE300S announced by FriedCat |Global Bitcoin News submitted by btcrack to BitcoinMining [link] [comments]

BitFury Launches New 28nm Bitcoin Mining ASIC

BitFury Launches New 28nm Bitcoin Mining ASIC submitted by BTCNews to BTCNews [link] [comments]

The mystery of Halong Mining

Halong Mining was a mysterious mining rig maker, whose DragonMint rig was shilled by Blockstream as the "Bitmain killer" in 2017. The DragonMint chips were supposed to use 7nm technology (which should be much more energy-efficient than Bitmain's 28nm technology), and would be manufactured by Samsung.
However, there was a total lack of details about the company, even the most basic ones -- such as which continent it was located on.
Recall that, shortly before the DragonMint announcement, Blockstream had unleashed a virulent smear campaign ("Antbleed") against Bitmain, because Bitmain's chips allegedly had an optimization feature called ASICboost that could increase throughput by (maybe) 10% or so. However, that feature was not enabled in Bitmain's mining rigs; the maker claimed that the gains would not be worth it.
Eventually rumors came out that Halong Mining was in fact re-selling unannounced miners made by Innosilicon. IIRC the claim of 7nm technology could not be confirmed and was forgotten; they were only a few percent more efficient than Bitmain's, and -- surprise -- they had ASICboost enabled. Slush Pool, a longstanding Blockstream supporter, promptly announced support for ASICboost miners.
Now we learn that Blockstream itself bought ~4000 rigs from Innosilicon, which were delivered to the US in Jul/2018. Those rigs should do 80 PH/s of hashing power (the total hashpower now is ~45'000 PH/s).
I find this story fishy (ok, what bitcoin-related story isn't?). Here is a theory:
  1. "Halong Mining" was conceived by Blockstream to exploit ASICboost in order to "kill" their enemy Bitmain, and they were quite pissed off when they discovered that Bitmain's chips already had it. Hence the fury of the "Antbleed" campaign.
  2. The plan flopped because Samsung's 7nm chips would be too expensive. So "Halong" (Blockstream) bought some pre-release rigs from Innosilicon, using 28nm chips that were basically clones of Biytmain's (or even obtained from Bitmain), to satisfy the clients of Halong's pre-sale.
  3. Eventually Innosilicon started selling the rigs under his own name. However, they would not sell because of the price slump and the non-impressive performance.
  4. So Blockstream had to buy a shipload of Innosilicon rigs, to pay for their development.
  5. Those rigs are still stored in some warehouse, waiting for the price to rise again.
submitted by jstolfi to Buttcoin [link] [comments]

Avalon might be getting a $200 million investment and 20nm technology to become the leader of the mining market

Avalon might be getting a $200 million investment and 20nm technology to become the leader of the mining market submitted by tntpie to Bitcoin [link] [comments]

Obelisk's Sia ASICs - Full Details

https://obelisk.tech
Sia is releasing a 28nm, full-custom ASIC. This ASIC will be a complete package, similar to an antminer. You will receive a mining box that includes chips, power supplies, etc. Minimal setup will be required to get the miner working.
The miner is in early development already. We have begun the process of chip design, hardware design, and supply chain management. We have had conversations with previous ASIC manufacturers, and we have been warned about delays, unexpected costs, and myriads of pitfalls that throw off estimations. For this reason, we have set a conservative shipping date of June 2018. If the miners are ready sooner, they will be shipped sooner. If all goes well (and it rarely does, especially for first time manufacturers), we could see the miners shipping before March 2018.
Following the presale, we will be posting a development roadmap on our website that includes all the major steps of development. We will be crossing off steps in the roadmap as we complete them, which will allow the community to follow our progress, have visibility into delays, and will be able to see the places where we are ahead of or behind schedule.
The estimated hashrate is 100 GH/s. We will not know the exact hashrate until later in the development process, however we have confidence that 100 GH/s is a low bar to hit. We may end up shipping miners with a much higher hashrate, and will continue updating the estimated hashrate as we get more accurate estimates for how the chips will perform. The estimated power draw is 500w, though it may be significantly less.
The price of the unit is going to be $2499. Chip manufacturing is expensive, supply chains are expensive, and there are a lot of single-time costs that go into making miners. Future batches will likely have lower prices, however they will also ship later.
We will be selling the miners for Bitcoin. We expect the sale volume to be very large (in the tens of millions of dollars), and we feared that the Sia cryptocurrency would not have enough liquidity to handle all of that volume, resulting in the price rising quickly as people scramble to buy Siacoin for the ASIC, and then the price falling quickly as we convert the Siacoin to USD. This is the worst of both worlds - participants buy the siacoin at a premium, and then we sell them at a discount. Bitcoin has much, much deeper liquidity, and we can sell large volume of Bitcoin quickly without moving the price too much.
We will be converting the Bitcoin to USD as fast as possible. If the price fluctuates by more than 5% before we are able to convert, we will need to request more coins to cover the difference, or cancel the order. If the price fluctuates upwards by more than 5% before we convert, we will return the difference.
The sale and shipment of ASICs on the Sia network is going to dramatically increase the hashrate. When considering how much revenue you may get from a unit, please take into account the fact that we are selling enough units to potentially 10x or 100x the difficulty. If another ASIC manufacturer decides to start selling Sia ASICs, the hashrate may go up by more than just the number of units we sell. Please also consider that the block reward is decreasing. Today, the block reward is about 189,000 siacoins per block. By June 2018, our ship date, the block reward is going to be closer to 135,000 siacoins per block, decreasing by 1 siacoin per block (or 4320 siacoins per month).
The presale will be open for 7 days. There is no rush - people who buy on the fourth day will receive the same treatment as people who buy on the first day. The sale will not close early, and while we reserve the right to deny purchases, we have chosen not to put a cap on the number of units sold. We may pre-sell additional batches before the first batch ships. The first batch will have priority when we begin shipping, and if the later batches will be shipping shortly after, those later batches will be sold at a higher price. People who buy in on the first batch will receive both price preference and shipping date preference as a reward for taking on the most risk.
Obelisk is the company that will be producing these chips. Obelisk is a fully owned subsidiary of Nebulous Inc. Nebulous is the company that employs all of the Sia core developers.
Obelisk has plans for growth in the future. None of these plans are finalized as we are primarily focusing on shipping this miner, but potential future products include:
Finally, we plan to introduce decentralized mining pools into the Sia ecosystem before we ship the miners. Hosts will have the option of running their own mining pool, and then miners can detect the hosts by checking the blockchain and the peer network, forming payment channel contracts with them and participating in fully decentralized mining. This should help alleviate the pool centralization that is seen in most PoW cryptocurrencies.
We are very excited about our new company, and hope that you share in our excitement. Feel free to ask any questions.
submitted by Taek42 to siacoin [link] [comments]

My response to the Dev Fork decision

Since I penned the original Community Fork proposal, I felt the need to address the decision to fork and the medium post attempting to justify the radical departure from what the community sought. The italics are quotes from the post, the following text is mine.

The first several statements are in regard to what happened in January.

The core developers ultimately decided against forking.
--
This statement sets the table by clearly laying out what happened in January with a statement the project is centralized as Nebulous went against the community in not forking then. The same holds true on today's statement.

Decentralization is valuable because there is nobody in control, and we weren’t comfortable releasing an update that threatened to rip the community in half.
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In other words, we asserted control and made a highly centralized decision to protect the community. It is Orwellian in attempting to explain that war is peace.

ironically the people leaving in the largest droves were those who most aggressively opposed the fork during the earlier debates
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Even if evidence existed to determine this, it's doubtful. The people most active against the fork were A3 purchasers and those people had ROI to meet. Even if they decided the Discord was a bit toxic, they still fulfilled a role securing the network. The author frequently makes assertions that cannot be defended with fact.

Sia’s biggest supporters and believers were the ones that got hit hardest by the mining catastrophe, and despite this loss, they were also the ones who stuck through the hardest times.
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What did they lose? Obelisks wouldn't ship for another 9 months. How was it a catastrophe? Was the network ever at risk? The use of hyperbole here is indicative of the lack of a serious argument.

They (innosilicon) have the only 14nm miner on the market, and as such they have the only rig capable of competing. Without competition, there is no price pressure, and it seems that there is close to, if not above, a 100% markup on their hardware. For every machine that gets sold, Innosilicon makes enough profit to produce a machine for themselves to mine.
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The suggestion is that a highly competent manufacturer fairly competing to create the best possible solution is somehow in the wrong. It then goes on to suggest that gaining a financial reward for being highly competent is somehow wrong and further intimates the profits must be reinvested into working the Sia chain. In fact, Innosilicon didn't have an overly large hashrate until the discussion of a fork seemed inevitable. It seems reasonable they dumped the totality of their inventory online because they would not be able to sell them once a fork occurred. Arguing against capitalism and the freedom to earn profits is a dangerous slope, perhaps revealing underlying political motivations of the author.

For an ASIC that is going to obsolete existing hardware, margins can be anywhere from 50% to 100%. The story is different however for ASICs that intend to compete without being strong enough to become the new monopoly. For these machines, margins are likely to be less than 25% because the presence of competition heavily forces prices downwards.
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The argument here is to somehow seek to fight Moore's Law. Just as GPUs defeated CPUs and ASICs defeated GPUs, the strongest ASICs will prevail. There are several manufacturers that can be sought out to compete if the result is a single dominant model. More importantly, Innosilicon sells the majority of it's mining rigs to decentralize the hashrate. A single dominant manufacturer does not guarantee or even make more likely the hashrate will centralize. Finally, seeking to protect less than competent or financially competitive manufacturers runs counter to much of the Satoshi manifesto.

When a manufacturer is also a miner, there is an incentive against manufacturing and selling more machines.
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The Bitmain financials clearly show the company makes the overwhelming amount of their profitability on miner sales, not mining. This is likely true for nearly all coins as mining quickly becomes close to breakeven. Even the author later admits the margins on hardware make for a lucrative business model.

High manufacturer diversity is currently limited by the extreme barriers to entry...we like to see manufacturers that share the knowledge and encourage a vibrant competitive environment.
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In no industry that I am aware of is sharing of proprietary knowledge common and especially not in highly competitive and extremely capital intensive industries. It's beyond naive to believe this should be a goal. The post continues with other hurdles that no rational enterprise would accept without some sort of regulatory framework. It cannot be fairly policed as we are seeing here. The author has made several statements based on conjecture and formulated a punishment with the entities having no rights of appeal or even an advance guideline to follow that would have avoided the issues.

For the Sia network, an important line was crossed when secret ASIC projects superseded a public project that had substantial community investment.
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This may be accurate to the author but such a line was never laid out for the public and as such, crossing it cannot be penalized unjustly.

Sia did not fork initially because there was a lot of confusion, a lot of emotion, and a great fear that the heavy conflicts of interest would cause the development team to make the wrong decision. Since then, there has been time for emotions to cool, for level heads to prevail, and for a second community fork proposal to come forward. Unlike the first fork proposal by the community, this second proposal experienced widespread support and virtually no opposition at all from regular members of the community.
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This is accurate in stating the Community Fork proposal enjoyed widespread support. it is totally off base in suggesting the Dev Fork even resembles the CF. This is using the community as a human shield due to the overwhelming lack of an argument. My guess is that the Dev Fork would not meet with anything near the kind of support the CF enjoyed.

Sia is forking today to reprimand the current ASIC monopoly for the damage it did to the Sia community, to make whole the supporters of Sia’s community ASIC project, and to send a clear message to all future Sia ASIC manufacturers: we will not tolerate an abusive ASIC monopoly.
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Which is sort of a heavy handed way of saying there is one final boss at Sia and you made him mad to the point that he must now "reprimand" you. The items characterized as abusive were never outlined in advance and are highly debatable as to whether they actually are abusive, but again, Final Boss.

We fully expect that the 28nm Obelisk ASICs will be replaced by a 16nm chip from another manufacturer, who will become the new manufacturing monopoly for Sia... the Sia community is not afraid to take action a second time to break a parasitic or abusive ASIC monopoly.
--
Hopefully any manufacturer understands the shifting sands that exist within the Sia leadership could decide virtually any action to be harmful as there has been zero harm done up to now. There have been no attacks, no overt centralization and plenty of supporters own/mine with these company's devices.

Sia is an ungoverned blockchain. There is no built-in mechanism on the Sia network to change the consensus rules, and there is no mechanism in the software that the developers can use to force people to upgrade. The only way that Nebulous can encourage a fork is to release new code, and then encourage people to upgrade.
This leaves people with the opportunity to reject the upgrade, and to instead continue using the old software and the old blockchain. If enough people rally around the old software, there could be a network split, and Sia could divide into two blockchains, in the same way that Ethereum split into Ethereum and Ethereum Classic, and in the same way that Bitcoin became Bitcoin and Bitcoin Cash.
At Nebulous, we view these cryptocurrency splits as one of the most powerful innovations of the blockchain space. Under traditional governance structures, a single decision gets made and everyone has to live with that decision. But when the network is able to split, you can get solutions where two groups of people with incompatible demands can both get what they want.
We will be structuring the Sia hardfork code to enable a group of dissenters to easily split off and be on a separate blockchain where the hardfork was never implemented. The hardfork will be released as its own release, v1.3.6, where the only code updated is a handful of lines of code + tests required to implement the hardfork. The code will be implemented in a way that easily allows a dissenting group to remove the hardfork code and yet continue merging changes that are made to the primary Sia repo. So long as the siafund ownership is maintained on this fork, members of the dissenting community will be welcome in the Sia community, on the Sia discord, on the subreddit, and will be able to receive support and help directly from the Nebulous support staff.
Perhaps the most amazing thing about a potential Sia network split is that all users will be able to continue to use their current files that they have on Sia. Uploads and downloads will continue to work, no matter what side of the split you are on, and so long as the minority side of the split has enough hosts (50–80 is what most users will require), the repair mechanisms of the Sia network will be able to repair your files from across both networks and ensure that your files continue working into the future. If the minority side of the fork does not have enough hosts, users will have time (most users will have several weeks) after the split to download their files and find an alternative way to back them up.
--
These paragraphs are simply amazing. The author appears to be goading people resistant to his iron control over the project to continue the legacy chain. While this makes sense if you are simply building a protocol and have no interest in marketing and selling the tech to say, Fortune 1000 companies, it is a terrible message if you do plan to. You are seeking community schism, making a competitive environment for hosting when hosting is already horribly unprofitable and seeking to sow chaos in how the network evolves into the future. The logical approach would be to let dedicated foes seek out the info on their own if there is a desire to work the legacy chain, not encourage it. It continues to show the author, while a strong technologist is a weak business individual.

we like to see is low margins for miners and manufacturers. When there are high margins, at least one player (the benefactor of the high margins) is able to acquire hashrate more cheaply than everyone else, and therefore is able to more easily attack the network.
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What is the evidence and argument here? That people with more money are more able to attack? People with large trust funds are equally likely to be more able to attack. High profit margins simply indicate a competent agency, nothing more.

ASIC manufacturers ultimately exist to serve the network, and specifically to protect the network against 51% attacks.
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ASIC manufacturers exist to serve their customers, full stop. They have no role or responsibility to the network at all. Increasing a circle of responsibility to an entity with no control over how their products are used is silly.

Overall, I am disappointed the team chose to ignore the Community Fork proposal in order to run their own fork. But, this is a Nebulous project and ultimately they can do whatever they want. They cannot assert decentralization though and very little about this current action suggests there is a long term goal of decentralization. Decisions to exclude some faction today will most certainly arise down the road as the team concludes that certain storage customers or developers or vendors are unacceptable for various reasons. This hasn't even discussed the awkward part of the equation where Obelisk is owned by the author and stands to gain now and in the future when more powerful, 2nd gen ASICs can be created and no outside manufacturers wanting to risk losing on the Sia project.

The point of the post is to attempt to continue to get Mr. Vorick to recognize the issues with his sole governance of the Sia project. Even the most ill-willed posts from various authors have a goal of improving the project. It is hoped that at some point, Vorick will recognize his project is stronger with community participation, even to the point of going along with community desires sometimes even if it runs counter to his own desires. There is value in learning to negotiate. You learn what to give away and what is sacrosanct. In the end, the project will grow much stronger and there will be copious numbers of supporters ready to do battle against the hyper-competitive world of cloud storage.
submitted by FaustianAGI to siacoin [link] [comments]

AMD's Growing CPU Advantage Over Intel

https://seekingalpha.com/article/4152240-amds-growing-cpu-advantage-intel?page=1
AMD's Growing CPU Advantage Over Intel Mar. 1.18 | About: Advanced Micro (AMD)
Raymond Caron, Ph.D. Tech, solar, natural resources, energy (315 followers) Summary AMD's past and economic hazards. AMD's Current market conditions. AMD Zen CPU advantage over Intel. AMD is primarily a CPU fabrication company with much experience and a great history in that respect. They hold patents for 64-bit processing, as well as ARM based processing patents, and GPU architecture patents. AMD built a name for itself in the mid-to-late 90’s when they introduced the K-series CPU’s to good reviews followed by the Athlon series in ‘99. AMD was profitable, they bought the companies NexGen, Alchemy Semiconductor, and ATI. Past Economic Hazards If AMD has such a great history, then what happened? Before I go over the technical advantage that AMD has over Intel, it’s worth looking to see how AMD failed in the past, and to see if those hazards still present a risk to AMD. As for investment purposes we’re more interested in AMD’s turning a profit. AMD suffered from intermittent CPU fabrication problems, and was also the victim of sustained anti-competitive behaviour from Intel who interfered with AMD’s attempts to sell its CPU’s to the market through Sony, Hitachi, Toshiba, Fujitsu, NEC, Dell, Gateway, HP, Acer, and Lenovo. Intel was investigated and/or fined by multiple countries including Japan, Korea, USA, and EU. These hazard needs to be examined to see if history will repeat itself. There have been some rather large changes in the market since then.
1) The EU has shown they are not averse to leveling large fines, and Intel is still fighting the guilty verdict from the last EU fine levied against them; they’ve already lost one appeal. It’s conceivable to expect that the EU, and other countries, would prosecute Intel again. This is compounded by the recent security problems with Intel CPU’s and the fact that Intel sold these CPU’s under false advertising as secure when Intel knew they were not. Here are some of the largest fines dished out by the EU
2) The Internet has evolved from Web 1.0 to 2.0. Consumers are increasing their online presence each year. This reduces the clout that Intel can wield over the market as AMD can more easily sell to consumers through smaller Internet based companies.
3) Traditional distributors (HP, Dell, Lenovo, etc.) are struggling. All of these companies have had recent issues with declining revenue due to Internet competition, and ARM competition. These companies are struggling for sales and this reduces the clout that Intel has over them, as Intel is no longer able to ensure their future. It no longer pays to be in the club. These points are summarized in the graph below, from Statista, which shows “ODM Direct” sales and “other sales” increasing their market share from 2009 to Q3 2017. 4) AMD spun off Global Foundries as a separate company. AMD has a fabrication agreement with Global Foundries, but is also free to fabricate at another foundry such as TSMC, where AMD has recently announced they will be printing Vega at 7nm.
5) Global Foundries developed the capability to fabricate at 16nm, 14nm, and 12nm alongside Samsung, and IBM, and bought the process from IBM to fabricate at 7nm. These three companies have been cooperating to develop new fabrication nodes.
6) The computer market has grown much larger since the mid-90’s – 2006 when AMD last had a significant tangible advantage over Intel, as computer sales rose steadily until 2011 before starting a slow decline, see Statista graph below. The decline corresponds directly to the loss of competition in the marketplace between AMD and Intel, when AMD released the Bulldozer CPU in 2011. Tablets also became available starting in 2010 and contributed to the fall in computer sales which started falling in 2012. It’s important to note that computer shipments did not fall in 2017, they remained static, and AMD’s GPU market share rose in Q4 2017 at the expense of Nvidia and Intel.
7) In terms of fabrication, AMD has access to 7nm on Global Foundries as well as through TSMC. It’s unlikely that AMD will experience CPU fabrication problems in the future. This is something of a reversal of fortunes as Intel is now experiencing issues with its 10nm fabrication facilities which are behind schedule by more than 2 years, and maybe longer. It would be costly for Intel to use another foundry to print their CPU’s due to the overhead that their current foundries have on their bottom line. If Intel is unable to get the 10nm process working, they’re going to have difficulty competing with AMD. AMD: Current market conditions In 2011 AMD released its Bulldozer line of CPU’s to poor reviews and was relegated to selling on the discount market where sales margins are low. Since that time AMD’s profits have been largely determined by the performance of its GPU and Semi-Custom business. Analysts have become accustomed to looking at AMD’s revenue from a GPU perspective, which isn’t currently being seen in a positive light due to the relation between AMD GPU’s and cryptocurrency mining.
The market views cryptocurrency as further risk to AMD. When Bitcoin was introduced it was also mined with GPU’s. When the currency switched to ASIC circuits (a basic inexpensive and simple circuit) for increased profitability (ASIC’s are cheaper because they’re simple), the GPU’s purchased for mining were resold on the market and ended up competing with and hurting new AMD GPU sales. There is also perceived risk to AMD from Nvidia which has favorable reviews for its Pascal GPU offerings. While AMD has been selling GPU’s they haven’t increased GPU supply due to cryptocurrency demand, while Nvidia has. This resulted in a very high cost for AMD GPU’s relative to Nvidia’s. There are strategic reasons for AMD’s current position:
1) While the AMD GPU’s are profitable and greatly desired for cryptocurrency mining, AMD’s market access is through 3rd party resellers whom enjoy the revenue from marked-up GPU sales. AMD most likely makes lower margins on GPU sales relative to the Zen CPU sales due to higher fabrication costs associated with the fabrication of larger size dies and the corresponding lower yield. For reference I’ve included the size of AMD’s and Nvidia’s GPU’s as well as AMD’s Ryzen CPU and Intel’s Coffee lake 8th generation CPU. This suggests that if AMD had to pick and choose between products, they’d focus on Zen due higher yield and revenue from sales and an increase in margin.
2) If AMD maintained historical levels of GPU production in the face of cryptocurrency demand, while increasing production for Zen products, they would maximize potential income for highest margin products (EPYC), while reducing future vulnerability to second-hand GPU sales being resold on the market. 3) AMD was burned in the past from second hand GPU’s and want to avoid repeating that experience. AMD stated several times that the cryptocurrency boom was not factored into forward looking statements, meaning they haven’t produced more GPU’s to expect more GPU sales.
In contrast, Nvidia increased its production of GPU’s due to cryptocurrency demand, as AMD did in the past. Since their Pascal GPU has entered its 2nd year on the market and is capable of running video games for years to come (1080p and 4k gaming), Nvidia will be entering a position where they will be competing directly with older GPU’s used for mining, that are as capable as the cards Nvidia is currently selling. Second-hand GPU’s from mining are known to function very well, with only a need to replace the fan. This is because semiconductors work best in a steady state, as opposed to being turned on and off, so it will endure less wear when used 24/7.
The market is also pessimistic regarding AMD’s P/E ratio. The market is accustomed to evaluating stocks using the P/E ratio. This statistical test is not actually accurate in evaluating new companies, or companies going into or coming out of bankruptcy. It is more accurate in evaluating companies that have a consistent business operating trend over time.
“Similarly, a company with very low earnings now may command a very high P/E ratio even though it isn’t necessarily overvalued. The company may have just IPO’d and growth expectations are very high, or expectations remain high since the company dominates the technology in its space.” P/E Ratio: Problems With The P/E I regard the pessimism surrounding AMD stock due to GPU’s and past history as a positive trait, because the threat is minor. While AMD is experiencing competitive problems with its GPU’s in gaming AMD holds an advantage in Blockchain processing which stands to be a larger and more lucrative market. I also believe that AMD’s progress with Zen, particularly with EPYC and the recent Meltdown related security and performance issues with all Intel CPU offerings far outweigh any GPU turbulence. This turns the pessimism surrounding AMD regarding its GPU’s into a stock benefit. 1) A pessimistic group prevents the stock from becoming a bubble. -It provides a counter argument against hype relating to product launches that are not proven by earnings. Which is unfortunately a historical trend for AMD as they have had difficulty selling server CPU’s, and consumer CPU’s in the past due to market interference by Intel. 2) It creates predictable daily, weekly, monthly, quarterly fluctuations in the stock price that can be used, to generate income. 3) Due to recent product launches and market conditions (Zen architecture advantage, 12nm node launching, Meltdown performance flaw affecting all Intel CPU’s, Intel’s problems with 10nm) and the fact that AMD is once again selling a competitive product, AMD is making more money each quarter. Therefore the base price of AMD’s stock will rise with earnings, as we’re seeing. This is also a form of investment security, where perceived losses are returned over time, due to a stock that is in a long-term upward trajectory due to new products reaching a responsive market.
4) AMD remains a cheap stock. While it’s volatile it’s stuck in a long-term upward trend due to market conditions and new product launches. An investor can buy more stock (with a limited budget) to maximize earnings. This is advantage also means that the stock is more easily manipulated, as seen during the Q3 2017 ER.
5) The pessimism is unfounded. The cryptocurrency craze hasn’t died, it increased – fell – and recovered. The second hand market did not see an influx of mining GPU’s as mining remains profitable.
6) Blockchain is an emerging market, that will eclipse the gaming market in size due to the wide breath of applications across various industries. Vega is a highly desired product for Blockchain applications as AMD has retained a processing and performance advantage over Nvidia. There are more and rapidly growing applications for Blockchain every day, all (or most) of which will require GPU’s. For instance Microsoft, The Golem supercomputer, IBM, HP, Oracle, Red Hat, and others. Long-term upwards trend AMD is at the beginning of a long-term upward trend supported by a comprehensive and competitive product portfolio that is still being delivered to the market, AMD referred to this as product ramping. AMD’s most effective products with Zen is EPYC, and the Raven Ridge APU. EPYC entered the market in mid-December and was completely sold out by mid-January, but has since been restocked. Intel remains uncompetitive in that industry as their CPU offerings are retarded by a 40% performance flaw due to Meltdown patches. Server CPU sales command the highest margins for both Intel and AMD.
The AMD Raven Ridge APU was recently released to excellent reviews. The APU is significant due to high GPU prices driven buy cryptocurrency, and the fact that the APU is a CPU/GPU hybrid which has the performance to play games available today at 1080p. The APU also supports the Vulcan API, which can call upon multiple GPU’s to increase performance, so a system can be upgraded with an AMD or Nvidia GPU that supports Vulcan API at a later date for increased performance for those games or workloads that been programmed to support it. Or the APU can be replaced when the prices of GPU’s fall.
AMD also stands to benefit as Intel confirmed that their new 10 nm fabrication node is behind in technical capability relative to the Samsung, TSMC, and Global Foundries 7 nm fabrication process. This brings into questions Intel’s competitiveness in 2019 and beyond. Take-Away • AMD was uncompetitive with respect to CPU’s from 2011 to 2017 • When AMD was competitive, from 1996 to 2011 they did record profit and bought 3 companies including ATI. • AMD CPU business suffered from: • Market manipulation from Intel. • Intel fined by EU, Japan, Korea, and settled with the USA • Foundry productivity and upgrade complications • AMD has changed • Global Foundries spun off as an independent business • Has developed 14nm &12nm, and is implementing 7nm fabrication • Intel late on 10nm, is less competitive than 7nm node • AMD to fabricate products using multiple foundries (TSMC, Global Foundries) • The market has changed • More AMD products are available on the Internet and both the adoption of the Internet and the size of the Internet retail market has exploded, thanks to the success of smartphones and tablets. • Consumer habits have changed, more people shop online each year. Traditional retailers have lost market share. • Computer market is larger (on-average), but has been declining. While Computer shipments declined in Q2 and Q3 2017, AMD sold more CPU’s. • AMD was uncompetitive with respect to CPU’s from 2011 to 2017. • Analysts look to GPU and Semi-Custom sales for revenue. • Cryptocurrency boom intensified, no crash occurred. • AMD did not increase GPU production to meet cryptocurrency demand. • Blockchain represents a new growth potential for AMD GPU’s. • Pessimism acts as security against a stock bubble & corresponding bust. • Creates cyclical volatility in the stock that can be used to generate profit. • P/E ratio is misleading when used to evaluate AMD. • AMD has long-term growth potential. • 2017 AMD releases competitive product portfolio. • Since Zen was released in March 2017 AMD has beat ER expectations. • AMD returns to profitability in 2017. • AMD taking measureable market share from Intel in OEM CPU Desktop and in CPU market. • High margin server product EPYC released in December 2017 before worst ever CPU security bug found in Intel CPU’s that are hit with detrimental 40% performance patch. • Ryzen APU (Raven Ridge) announced in February 2018, to meet gaming GPU shortage created by high GPU demand for cryptocurrency mining. • Blockchain is a long-term growth opportunity for AMD. • Intel is behind the competition for the next CPU fabrication node. AMD’s growing CPU advantage over Intel About AMD’s Zen Zen is a technical breakthrough in CPU architecture because it’s a modular design and because it is a small CPU while providing similar or better performance than the Intel competition.
Since Zen was released in March 2017, we’ve seen AMD go from 18% CPU market share in the OEM consumer desktops to essentially 50% market share, this was also supported by comments from Lisa Su during the Q3 2017 ER call, by MindFactory.de, and by Amazon sales of CPU’s. We also saw AMD increase its market share of total desktop CPU’s. We also started seeing market share flux between AMD and Intel as new CPU’s are released. Zen is a technical breakthrough supported by a few general guidelines relating to electronics. This provides AMD with an across the board CPU market advantage over Intel for every CPU market addressed.
1) The larger the CPU the lower the yield. - Zen architecture that makes up Ryzen, Threadripper, and EPYC is smaller (44 mm2 compared to 151 mm2 for Coffee Lake). A larger CPU means fewer CPU’s made during fabrication per wafer. AMD will have roughly 3x the fabrication yield for each Zen printed compared to each Coffee Lake printed, therefore each CPU has a much lower cost of manufacturing.
2) The larger the CPU the harder it is to fabricate without errors. - The chance that a CPU will be perfectly fabricated falls exponentially with increasing surface area. Intel will have fewer high quality CPU’s printed compared to AMD. This means that AMD will make a higher margin on each CPU sold. AMD’s supply of perfect printed Ryzen’s (1800X) are so high that the company had to give them away at a reduced cost in order to meet supply demands for the cheaper Ryzen 5 1600X. If you bought a 1600X in August/September, you probably ended up with an 1800X.
3) Larger CPU’s are harder to fabricate without errors on smaller nodes. -The technical capability to fabricate CPU’s at smaller nodes becomes more difficult due to the higher precision that is required to fabricate at a smaller node, and due to the corresponding increase in errors. “A second reason for the slowdown is that it’s simply getting harder to design, inspect and test chips at advanced nodes. Physical effects such as heat, electrostatic discharge and electromagnetic interference are more pronounced at 7nm than at 28nm. It also takes more power to drive signals through skinny wires, and circuits are more sensitive to test and inspection, as well as to thermal migration across a chip. All of that needs to be accounted for and simulated using multi-physics simulation, emulation and prototyping.“ Is 7nm The Last Major Node? “Simply put, the first generation of 10nm requires small processors to ensure high yields. Intel seems to be putting the smaller die sizes (i.e. anything under 15W for a laptop) into the 10nm Cannon Lake bucket, while the larger 35W+ chips will be on 14++ Coffee Lake, a tried and tested sub-node for larger CPUs. While the desktop sits on 14++ for a bit longer, it gives time for Intel to further develop their 10nm fabrication abilities, leading to their 10+ process for larger chips by working their other large chip segments (FPGA, MIC) first.” There are plenty of steps where errors can be created within a fabricated CPU. This is most likely the culprit behind Intel’s inability to launch its 10nm fabrication process. They’re simply unable to print such a large CPU on such a small node with high enough yields to make the process competitive. Intel thought they were ahead of the competition with respect to printing large CPU’s on a small node, until AMD avoided the issue completely by designing a smaller modular CPU. Intel avoided any mention of its 10nm node during its Q4 2017 ER, which I interpret as bad news for Intel shareholders. If you have nothing good to say, then you don’t say anything. Intel having nothing to say about something that is fundamentally critical to its success as a company can’t be good. Intel is on track however to deliver hybrid CPU’s where some small components are printed on 10nm. It’s recently also come to light that Intel’s 10nm node is less competitive than the Global Foundries, Samsung, and TSMC 7nm nodes, which means that Intel is now firmly behind in CPU fabrication. 4) AMD Zen is a new architecture built from the ground up. Intel’s CPU’s are built on-top of older architecture developed with 30-yr old strategies, some of which we’ve recently discovered are flawed. This resulted in the Meltdown flaw, the Spectre flaws, and also includes the ME, and AMT bugs in Intel CPU’s. While AMD is still affected by Spectre, AMD has only ever acknowledged that they’re completely susceptible to Spectre 1, as AMD considers Spectre 2 to be difficult to exploit on an AMD Zen CPU. “It is much more difficult on all AMD CPUs, because BTB entries are not aliased - the attacker must know (and be able to execute arbitrary code at) the exact address of the targeted branch instruction.” Technical Analysis of Spectre & Meltdown * Amd Further reading Spectre and Meltdown: Linux creator Linus Torvalds criticises Intel's 'garbage' patches | ZDNet FYI: Processor bugs are everywhere - just ask Intel and AMD Meltdown and Spectre: Good news for AMD users, (more) bad news for Intel Cybersecurity agency: The only sure defense against huge chip flaw is a new chip Kernel-memory-leaking Intel processor design flaw forces Linux, Windows redesign Take-Away • AMD Zen enjoys a CPU fabrication yield advantage over Intel • AMD Zen enjoys higher yield of high quality CPU’s • Intel’s CPU’s are affected with 40% performance drop due to Meltdown flaw that affect server CPU sales.
AMD stock drivers 1) EPYC • -A critically acclaimed CPU that is sold at a discount compared to Intel. • -Is not affected by 40% software slow-downs due to Meltdown. 2) Raven Ridge desktop APU • - Targets unfed GPU market which has been stifled due to cryptocurrency demand - Customers can upgrade to a new CPU or add a GPU at a later date without changing the motherboard. • - AM4 motherboard supported until 2020. 3) Vega GPU sales to Intel for 8th generation CPU’s with integrated graphics. • - AMD gains access to the complete desktop and mobile market through Intel.
4) Mobile Ryzen APU sales • -Providing gaming capability in a compact power envelope.
5) Ryzen and Threadripper sales • -Fabricated on 12nm in April. • -May eliminate Intel’s last remaining CPU advantage in IPC single core processing. • -AM4 motherboard supported until 2020. • -7nm Ryzen on track for early 2019. 6) Others: Vega, Polaris, Semi-custom, etc. • -I consider any positive developments here to be gravy. Conclusion While in the past Intel interfered with AMD's ability to bring it's products to market, the market has changed. The internet has grown significantly and is now a large market that dominates when in computer sales. It's questionable if Intel still has the influence to affect this new market, and doing so would most certainly result in fines and further bad press.
AMD's foundry problems were turned into an advantage over Intel.
AMD's more recent past was heavily influenced by the failure of the Bulldozer line of CPU's that dragged on AMD's bottom line from 2011 to 2017.
AMD's Zen line of CPU's is a breakthrough that exploits an alternative, superior strategy, in chip design which results in a smaller CPU. A smaller CPU enjoys compounded yield and quality advantages over Intel's CPU architecture. Intel's lead in CPU performance will at the very least be challenged and will more likely come to an end in 2018, until they release a redesigned CPU.
I previously targeted AMD to be worth $20 by the end of Q4 2017 ER. This was based on the speed that Intel was able to get products to market, in comparison AMD is much slower. I believe the stock should be there, but the GPU related story was prominent due to cryptocurrency craze. Financial analysts need more time to catch on to what’s happening with AMD, they need an ER that is driven by CPU sales. I believe that the Q1 2018 is the ER to do that. AMD had EPYC stock in stores when the Meltdown and Spectre flaws hit the news. These CPU’s were sold out by mid-January and are large margin sales.
There are many variables at play within the market, however barring any disruptions I’d expect that AMD will be worth $20 at some point in 2018 due these market drivers. If AMD sold enough EPYC CPU’s due to Intel’s ongoing CPU security problems, then it may occur following the ER in Q1 2018. However, if anything is customary with AMD, it’s that these things always take longer than expected.
submitted by kchia124 to AMD_Stock [link] [comments]

ASICBOOST isn't an efficiency gain

Lets take a few hypothetical scenarios:
All ASIC's move from 28nm tech to 16nm tech.
-More work is being done, therefore more security
ASICBOOST is released for free and all ASIC's adopt it
-Same amount of work is being done, security is the same
ASICBOOST is patented and only specific miners can use it
-Same amount of work is being done, but causes miner centralization.
 
Bitcoin's security is provided by work (proof of work). Actual work has to be done to increase security. "Shortcuts" do not increase security. ASICBOOST doesn't do more work, it lets you pretend that you did more than you actually did. It is not an efficiency gain, it is a shortcut. It is disenguous to compare it to other efficiency gains where more work was done.
The correct terminology to describe ASICBOOST is that it is a cryptographic attack.
 
Definition:
A cryptographic attack is a method for circumventing the security of a cryptographic system by finding a weakness in a code, cipher, cryptographic protocol or key management scheme.
 
The cryptographic attack used by ASICBOOST is colliding message blocks.
This same cryptographic attack, colliding message blocks, was used by Google in February 2017 to decrease the security of SHA-1 from 2128 to 261. This allows anyone with a powerful computer cluster to produce full hash collisions for SHA-1, completely breaking its security. This means that an attacker can produce two files with the same hash if they execute this attack and compute 261 operations.
 
More about the SHA-1 attack here:
http://shattered.io
This page contains two different files with the same SHA-1 hash proving that SHA-1 is not secure and cannot be used to verify the integrity of files.
Whitepaper on the colliding message block attack on SHA-1 that was used by Google:
http://shattered.io/static/shattered.pdf
 
ASICBOOST uses colliding message blocks to reduce the security of SHA-256 from 2256 to approximately 2255.48. In practice, this is negligible. However, if a new attack similar to ASICBOOST was revealed that reduced the security to somewhere in the order of 261, Bitcoin mining would be completely broken. It would be possible to mine a block, no matter the difficulty, with 261 operations, which is very achievable with today's technology.
 
Calling ASICBOOST an efficiency gain is very wrong.
Leaving cryptographic attacks unpatched sets a bad precedent that we don't care about these kinds of attacks. When a more serious cryptographic attack is found people will point to this one and say "why was that one allowed". It needs to be clear that we will patch any vulnerabilities on SHA-256
submitted by cowardlyalien to Bitcoin [link] [comments]

[RMC] - Russian Mining Coin ICO, not talked about much, here's my research

Aside from a Bloomberg article, not much has been reported on the ICO that wants to raise 100m USD.
The TLDR:
Interesting people involved:
Dmitry Marinichev - Internet ombudsman advisor to Putin. He's the main driving force behind the ICO, he's been involved with mining operations prior to the ICO, interviewed by Russian news agencies for piece on Bitcoin. Sort of a crypto evangelist in Russia.
Boris Zyrianov - Responsible for the research and development of the multiclet processor, head of OSJC Multiclet company. Along with Nikolai Streltsov (also involved in the project) were awarded a Gold Medal from the Academy of Engineering Science for their work on Multiclet processors in 2012.
Possible involvement:
Boris Titov - Russian billionaire and advisor to Putin on entrepreneurial matters. Russia crypto evangelist and reported to be part of new Russian ICO incubator along with...
Sasha Ivanov - Created waves cryptocurrency.
These 2, it's not entirely clear if the RMC ICO will indeed be part of their incubator.
Other parties and relationships:
Bitfury - Supplies chips for Sunrise S11i miners. Founder is a Russian living in Latvia.
Mycelium - The only platform to offer the ICO, partnered with RMC as a secure way to trade/hold the coin.
The company's and people involved seem to be coming from existing cryptocurrency and engineering projects. The mining infrastructure already exists and this ICO is basically an expansion + R&D for Multiclet.
Reasonable expectations:
Would be very nice:
External factors
Basically you're investing in an existing mining/board/chip manufacturing and R&D company that is expanding (90% of ico money) and developing a next generation mining chip (10% of ico money).
White paper: https://rmc.one/static/pdf/whitepaper_EN.pdf
submitted by tsrp to icocrypto [link] [comments]

An Insiders Take on CoinTerra & the Bitcoin Mining Sector

Having been involved in Bitcoin since 2011 and on the inside of one of the 28nm Bitcoin mining contestants for the past two months, here is my story.
Feel free to skip the long intro to skip to the present: I added it because people might want to know where I'm coming from.
My elevator pitch is that I discovered Bitcoin in 2011 while traveling in Argentina, and after doing research I started recommending it as an investment to the subscribers of my financial newsletter in early 2012. BTC was $5 back then, so we did well with that.
Here are some links of the things that I've done in Bitcoin:
"Bitcoin seen through the eyes of a central banker"
Interview Keiser Report about Bitcoin, ECB & Argentina
"Why you should invest in Bitcoin"
"Cryptocurrency is the future of money, banking, and finance"
Since the beginning I've been thinking a lot about how I wanted to invest in Bitcoin. It has always made plain sense to me to begin with buying coins, as it is like an ETF on the entire Bitcoin economy.
However, in early 2012, just the idea of buying bitcoins was a pretty scary prospect. I consulted with two core developers who actually tried to dissuade me from looking at Bitcoin as an investment. One said it was still very much an experiment, the other said (correctly so) that there were still substantial security risks.
Eventually it was my experience in Argentina's difficult economy (rife with currency crackdowns and capital controls) that convinced me to take the leap - I decided that there was enough demand and enthusiasm for financial freedom in the world. Enough for some crazy people to keep funneling resources into Bitcoin, resources that would support the idealist hackers and maverick entrepreneurs to make the technology of cryptocurrency a success.
So I started buying bitcoins, considering myself lucky because my friends in Latin America had it much tougher: they had to mine most of their cryptocurrency in their basement with graphic cards because of the harsh capital controls that prevented them from sending money abroad and buying them on an exchange.
In all, 2012 was a difficult year for Bitcoin. The 'old' bitcoiners were still psychologically numbed from the huge decline in price, and the newbees were continually scared by new scandals: the Bitcoinica thefts in May and July, the BTC Savings and Trust-ponzi implosion in August, and the Bitfloor theft in September. The price of Bitcoin hovered between $5 and $13 all year, the mainstream media ignored or at best scorned Bitcoin, and I for one was mostly happy to still have an unscathed wallet.
Throughout the year I wrote about Bitcoin practically every week in my email updates and every month in my printed investment newsletter. It was often a frustrating job, because my many of my subscribers are babyboomers or from an older generation who don't intuitively grasp the concepts of peer-to-peer, open source, online, etc. I received a good number of emails accusing me of promoting a ponzi scheme, and my publisher (who does all the promotion for the newsletter) was very sceptical and tried to persuade me to write less about Bitcoin and more about traditional investments like gold and stocks.
I think this tension/struggle is part of what prevented me from exploring the investable side of the Bitcoin economy for quite a while, although I did buy a few Bitcoin mining stocks on the GLBSE. (Compliments to the miners that kept paying out dividends even after the wild ending of this stock exchange - COGNITIVE is one of them)
Attending the Bitcoin London conference organized by Amir Taaki in late 2012 was definitely a turning point for me. Cryptocurrency suddenly became tangible and real, and I think that was the case for many people there.
During Amir's conference, I made friends with Jim from MultiBit and Nejc from BitStamp. I likely missed an investment opportunity with BitPay (even though Tony Galippi was just as impressive back then as he is now), and I tried to persuade GLBSE's Nefario to start talking to a lawyer about the legal risks of running a Bitcoin denominated exchange. Josh from Butterfly Labs made an announcement there in London, and that was my first experience with the excitement and controversy that characterizes so much of the Bitcoin mining industry today.
Meanwhile my investment newsletter kept doing well, and I decided to make a move to South America to expand my horizon. That's how it happened that I was with my friends in Buenos Aires when the March-April 2013 explosion in price happened: an exhilarating time, and I'm still grateful for their long term Bitcoin experience which helped me make the right decisions for myself during this period.
Still I kept thinking about how I could invest some of my gains back in the Bitcoin economy. Chasing a dollar profit doesn't make sense to me, so I had to identify business models that gave perspective for making a multiple on my bitcoins.
Bitcoin mining felt like an interesting fit, for several reasons.
First, I spent the past few years studying the gold mining industry and the parallels and differences with Bitcoin mining are absolutely fascinating to me.
Next, in the short run I am not at ease regarding the authorities ability to attack or destabilize the BTC network. Many will object by saying that the Bitcoin network has a hashrate that's currently 40 times faster than top 500 supercomputers combined. However, that is misleading because the equation would change dramatically if those computers were equipped with specialized ASICs that can be produced for a couple of million dollars.
This is what Jim Rickards referred to when he said "technologists don't understand the world of power politics and malicious actors: there are people who don't care about the cost. (…) If they want to destroy a system, and they have to pay to do it, they'll do it. It's not necessarily more expensive than buying an aircraft carrier or building a submarine."
This is the reason why I think it's crucial to push up the network speed as close to the physical limits as possible. Once the miners are working on the smallest node and with the most efficient chip possible, it will be much more difficult for a malicious entity to do a 51% attack on the network.
(By the way, much respect to the small bitcoiners and basement miners for this: they are the ones that have been bankrolling the expensive development of ever more sophisticated ASIC chips. They are the ones that are slowly turning the once brittle skeleton of the Bitcoin network into an indestructible Adamantium shield.)
Finally, it seemed obvious to me that the Bitcoin mining market was about to enter a consolidation phase, in which the market would increasingly sponsor the more reliable and technically gifted chip producers, which will eventually create a more stable environment for everyone. How exciting, to try and witness from the first row how an entirely new industry grows from childhood/adolescence towards maturity!
Enter CoinTerra.
I first met Ravi Iyengar and his team members at the San Jose Bitcoin conference, where they pitched for an angel investment in their company. I was immediately impressed by their passion, technical pedigree, and understanding of the workings of Bitcoin.
I was definitely intrigued and after the conference we kept the communication lines open. Back in Belgium I met with two interested angels who happened to be Belgian, too. I then talked to different people with hardware backgrounds to verify whether Ravi's team really was that good judging by the industry standards. They were.
I started getting excited.
From there on, things began moving fast. The two Belgians got in and the more I talked to Ravi, the more I was impressed with his cogent reasoning, his decisiveness, and the speed by which he absorbs large amounts of new information. By mid July I finally made the decision to also come in as the third angel investor in CoinTerra.
When I talked about the company to Timo Hanke (German cryptographer and author of the Bitcoin Pay-to-Contract protocol) he was intrigued, did his own due dilligence, and soon after became an investor in, and later a team member of CoinTerra.
Other investors and advisors that came in on the angel round had reputable backgrounds in the software and hardware industries, precious metals, telecom, and law - all of whom shared a great and genuine passion for Bitcoin. I began feeling very fortunate to be able to follow this project from such a close perspective.
After some days, because of Ravi's high energy and magnetic enthusiasm, the following turned into involvement. When I was invited to come to Austin, Texas to help out, I jumped in with both feet - I've been here for a week now.
One thing I noticed when getting involved with CoinTerra more closely, is that the communications part of the equation needed improving. I can understand how the issue came to be. Ravi is in the first place an engineer and a team leader, and he started structuring his company from that same perspective. Even today most of his focus is directed to closely managing all the engineers (in Austin, in Raleigh, and also in India) to make sure that the risks involved are managed to the greatest possible extent.
The engineering roots of CoinTerra are also reflected in the initial vision behind the company: to build large and efficient mining data centers, deploy them worldwide, and to then offer cloud hashing services to the public. However, the still uncertain legal repercussions of that lead to a change in strategy. Instead, CoinTerra is now working on providing chips and rigs for the general public, and leaves it for the customers to decide where and how to mine with them.
Now, I understand and appreciate how very skeptical a large part of the Bitcoin mining community has become. People have invested a lot of resources in brave but often very inexperienced teams who have not always been able to deliver on their promises. It has been a road of trial and error, and the errors of some have proven painful to many.
I can say that I understand what it means to have skin in the game of the mining market; I am an investor in a company that has announced but not released a manufactured product on the market yet. And I stand by it: I think CoinTerra is working on fantastic products and has great future potential as a company. Would I like to make a return on my investment? Of course, that will be the best proof that it fulfills the potential that I see in Ravi and his team.
That said, even to just be involved in this technological arms race that is taking place in Bitcoin mining, where hyper competitive capitalism is miraculously creating a very pure public good, is a real privilege. I think the sector will further mature and that we will see more and more reliable companies emerge over time, and all the while the Bitcoin network will grow stronger and stronger.
I'm happy to take questions if you are interested.
Best wishes,
Tuur
submitted by dtuur to Bitcoin [link] [comments]

[RMC] - Russian Mining Coin ICO, not talked about much, here's my research [X-Post from /r/Icocrypto]

I originally posted in /icocrypto but that sub seems to have almost no activity.
Aside from a Bloomberg article, not much has been reported on the ICO that wants to raise 100m USD.
The TLDR:
Interesting people involved:
Dmitry Marinichev - Internet ombudsman advisor to Putin. He's the main driving force behind the ICO, he's been involved with mining operations prior to the ICO, interviewed by Russian news agencies for piece on Bitcoin. Sort of a crypto evangelist in Russia.
Boris Zyrianov - Responsible for the research and development of the multiclet processor, head of OSJC Multiclet company. Along with Nikolai Streltsov (also involved in the project) were awarded a Gold Medal from the Academy of Engineering Science for their work on Multiclet processors in 2012.
Possible involvement:
Boris Titov - Russian billionaire and advisor to Putin on entrepreneurial matters. Russia crypto evangelist and reported to be part of new Russian ICO incubator along with...
Sasha Ivanov - Created waves cryptocurrency.
These 2, it's not entirely clear if the RMC ICO will indeed be part of their incubator.
Other parties and relationships:
Bitfury - Supplies chips for Sunrise S11i miners. Founder is a Russian living in Latvia.
Mycelium - The only platform to offer the ICO, partnered with RMC as a secure way to trade/hold the coin.
The company's and people involved seem to be coming from existing cryptocurrency and engineering projects. The mining infrastructure already exists and this ICO is basically an expansion + R&D for Multiclet.
Reasonable expectations:
Would be very nice:
External factors
Basically you're investing in an existing mining/board/chip manufacturing and R&D company that is expanding (90% of ico money) and developing a next generation mining chip (10% of ico money).
White paper: https://rmc.one/static/pdf/whitepaper_EN.pdf
submitted by tsrp to ethtrader [link] [comments]

I was the one who recommended Metaverse (ETP) and Asch (XAS) and I have found another gem

I was the one who recommended Metaverse(ETP) and Asch(XAS), I have found another gem
Metaverse/Asch at the time was an insanely undervalued project. I brought it to 4chan and recommended it, not a lot of people listened and then suddenly everyone jumped on the bandwagon.
Congratulations to all who decided to take a leap of faith, we have all made insane gains.
After discovering these insane undervalued coins, I have been doing a lot of research on the possible next NEO/OMG/ETH/ETP/WTC/XAS and to my surprise I have once again discovered a gem. I am sure this coin has been brought up before, but after really looking into it, I am convinced this is the real deal for at least a x5-10.
Now I bring you: Lomocoin (LMC) https://coinmarketcap.com/currencies/lomocoin/
The first thing most investors get turned of by when looking at this coin, is their name Lomocoin (LMC). To be fair one has to be insane to have named a project this way, it just screams low quality. However, the developers have finally taken note of this problem, and before the 31th of October, they will launch a new website and rename themselves to Lomostar(LMC). While the name is still not that good, it is much better than the former.
Lomocoin (LMC) is a decentralized location based social media application that aims to bridge the virtual world with the real world with their LMC token. Their idea is that brick and mortar stores can attract and capitalize on the foot traffic of the LMC app users by distributing LMC red envelopes around the store area, to which customers can collect and use as a discount on their products immediately by using LMC as a payment. This is only the initial stage of the product, their end goal is a vision like TRON(TRX), where virtual currency and real life world are all interconnected. Their means to get there is by attracting a large LMC user base first, and then slowly phase out into more advanced stages of their plan.
This could potentially be much more powerful than any type of online advertising for brick and mortar businesses. The money that the business spends on Lomocoin will guarantee that real people have seen and visited their business, while a Google or Facebook ad will only guarantee online clicks.
Lomocoin (LMC) already has a working product in the form of a mobile app, desktop wallet and their own block chain. The 2.0 version of their app just got released not too long ago on google playstore and it is pending approval in the IOS appstore which can be released any moment.
https://play.google.com/store/apps/details?id=com.lomocoin.lomocoin
Furthermore, Lomocoin (LMC) has a team of over 50 people, this is just downright insane for a project this size. The team has has been working together since 2013 and they have experience in technical research, business operations, and blockchain tech. They are one of the first teams in China that did blockchain research and development. The founder of Lomocoin (LMC) is called Xiong Lijian, he has helped developed and manufacture the world’s first 28nm Bitcoin and Litecoin dual algorithm chip SF3301 and the world’s first SF100 double miner. As you can deduct, the technical expertise of this CEO is on a whole other level.
CEO’s Twitter: https://twitter.com/xlijian Right Hand Man: https://twitter.com/liuji_daoma Community manager: https://twitter.com/M1lanooo
What’s potentially most valuable about Lomocoin (LMC) is their long term end game vision. Having followed Lomocoin (LMC) for quite a while, it is safe to say that their team comprises of a group of people who are able to deliver on the things promised. Except for the mobile app, the Lomocoin team is also currently beta testing their own online exchange called Xstar and what’s’ even more important is that they have a research team in place called F5. This will all come live in early November. Xstar will facilitate bitcoin/fiat to LMC conversion and for now, all we know about F5 is that it is already working with over 100 small and medium sized businesses, and they are already heavily collaborating with universities in providing blockchain training sessions as well as deep research into blockchain developments and technology. (This information was only recently shared in their telegram group and still mostly unknown to public)
https://xstar.io https://imgur.com/a/q9z2R
Unlike most of the Chinese coins in the above list, that can somewhat be compared to a western equivalent, Lomocoin (LMC) is a real wildcard in this space. Lomocoin (LMC) is unique in its value proposition, and you can’t just assign a minimum value on it based on its western counterpart.
So how do we best value Lomocoin (LMC) in this scenario? To do this we will have to look at social media apps, and the one that comes closest to Lomocoin (LMC) is called MOMO (陌陌). MOMO is not a coin, but a very popular Chinese social media stock listed on Nasdaq. MOMO is a free location-based services instant messaging application for smartphones and tablets. The app allows users to chat with nearby friends and strangers. MOMO’s market cap as of this moment of writing is valued at 6 billion $. LoMocoin (LMC) has all the elements MOMO is offering and even more by providing a gamification and business element to it with location based red envelope hunting with friends or strangers. I think the name Lomocoin is taking a direct stab at MOMO, hence the similarity. Lomocoin is currently as of this moment of writing valued at only 11 million$ , once it starts to gain traction and become more well known you can guarantee that you will never see this level again as it is a far cry from what it should be worth at least with their own product, blockchain as well as wallet.
https://finance.yahoo.com/quote/MOMO/
If it reaches even 1% of what MOMO is doing currently Lomocoin (LMC) should be valued at 60 million $. Lomocoin (LMC) can best be compared with coins like Tron (TRX) and Monacoin(MONA), who are both currently sitting at around 200 million $ valuations with nothing except a whitepaper and hype. The same can easily happen with LMC once they start pushing their marketing at the end of October and early November.
This is a hidden gem and severely undervalued. However before investing money please take your time to do your own research as well, as I cannot guarantee that this will definitely moon. I'm just of very strong believe that this is a VERY undervalued coin for what it has to offer at this moment.
Lomocoin (LMC) is currently available for trade on bittrex and coinexchange and will be expanding into more exchanges in the near future.
If you think that this information is valuable it would be awesome if you can consider donating a small amount to help me out in my daily life. If you would like to subscribe to my small and unknown newsletter shoot me an e-mail [email protected]
I hope that you all have a lot of gains in the future, below are my addresses if you want to donate! Thanks a lot in advance, any amount will be immensely helpful to me.
BTC- 14ehwGpRWWa5xBN3w6Mrgd2FptGHhgtdze Neo- AQb3DVtCRgRXq4H4e72SgcPNfEqZuDwWy9 Eth- 0x91d676f83583d6a19c495c539d59468c7cc22a6f ETP- MD2K3Ud3jxTRwHaUMf8YAnqaqvdzKTNMLX LINK- 0x91d676f83583d6a19c495c539d59468c7cc22a6f
submitted by NiceGuyAnon331 to lomocoin [link] [comments]

KNC Miner PERMABANNED for asking awkward questions

I didn't want to do this, the whole "go to reddit with your complaints" but I obviously can't keep my questions to the official forums any more.
I created the following thread in two areas of the forum, they have both been deleted since my ban, which is out of the ordinary, as you can usually see peoples post history but the tag BANNED would show up underneath their username.
=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=
You can see here the history of the KNC Miner owned pool over the weeks leading up to the release of the Neptune through until today.
Source : http://organofcorti.blogspot.com.au/...n-network.html
June 1st 6.49% June 8th 6.14% June 15h 3.13% June 22nd 6.35% June 29th 5.31% July 6th 5.31% July 13th 4.11% July 20th 4.20% July 27th 3.56% August 3rd 4.37% August 10th 3.52% August 17th 3.56% August 24th 3.89% August 31st 2.96% September 7th 2.85% September 14th 3.70% September 21st 3.92% September 28th 4.64% October 6th 4.74%
At the beginning of this time period the difficulty was 10,456,000,000, the difficulty is now 35,002,000,000, overall growth of 334%.
The June 1st results (6.49% of approx 80PH) would indicate a hashrate of about 5.2PH
The October 6th results (4.74% of approx 260PH) would indicate a hashrate of 12.3PH
An approximate growth of 7.1PH for the KNC Miner pool over the time period since the Neptune announcement and deliveries began.
Assuming 3.6TH per Neptune, this growth would indicate an additional 1972 Neptunes (7100 / 3.6) that have been added to the private KNC Miner pool over the last four months.
This, while customers are still awaiting delivery of their Neptunes + Bonus Neptunes.
You can see a gradual decline of the % of total hashrate up until late August or early September, this decline is only in relative terms to the total growth of the Bitcoin network. The KNC Mining pool hashrate continued to grow throughout this period. It allows us to pinpoint where they seem to have completely stopped giving a damn about paying customers and started really focusing on themselves.
Here it is, the best evidence I could find to support the accusations that KNC are giving us the shaft.
Thoughts?
Anyone from KNC care to comment on this?
=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=
I saved that post as I expected I might get banned for that rather than get answers, sadly I did not archive what followed so I have to paraphrase from memory.
The response I got from Kurt was that the growth I was looking at was due to the spare 28nm chips they had laying around.
I did the math on that.
I make a post pointing out that this growth would be the equivalent of 10,000 Jupiters (assuming 700GHs ea) being added to the KNC Miner pool.
I asked if this is what they're really trying to tell us has happened, if we're meant to believe that this is the case.
I ask that KNC Miner state for certain that they have not used any of the 20nm SHA256 chips in their mining centers while customer orders are outstanding.
One other person posted in that thread asking similar questions, he was banned as well but his posts remained.
No reply.
I restated my questions but made the 'mistake' of asking if we can 'get some fucking answers'.
PERMABANNED - INAPPROPRIATE LANGUAGE
POSTS DELETED
THREADS DELETED
The announcement where KNC Miner promised a Bonus Neptune.
http://forum.kncminer.com/forum/news-and-anouncments/38332-neptune-performance-upgrade
"Thanks to KnCMiner’s offer, each customer who ordered a first or second batch Neptune, will get a minimum 6TH for each order, with their original 3TH product shipped in June and the free “third batch” machine delivered in August."
We are now in October, they have made no announcements, no explanations and no apologies.
The only information that is available is by following the staff accounts on the forums and trying to put together what little scraps of information they give out piecemeal across multiple threads.
FUCKING (I can swear here) GIVE US SOME ANSWERS!!!
submitted by sixbk to BitcoinMining [link] [comments]

ASICBOOST isn't an efficiency gain

Lets take a few hypothetical scenarios:
All ASIC's move from 28nm tech to 16nm tech.
-More work is being done, therefore more security
ASICBOOST is released for free and all ASIC's adopt it
-Same amount of work is being done, security is the same
ASICBOOST is patented and only specific miners can use it
-Same amount of work is being done, but causes miner centralization.
 
Bitcoin's security is provided by work (proof of work). Actual work has to be done to increase security. "Shortcuts" do not increase security. ASICBOOST doesn't do more work, it lets you pretend that you did more than you actually did. It is not an efficiency gain, it is a shortcut. It is disenguous to compare it to other efficiency gains where more work was done.
The correct terminology to describe ASICBOOST is that it is a cryptographic attack.
 
Definition:
A cryptographic attack is a method for circumventing the security of a cryptographic system by finding a weakness in a code, cipher, cryptographic protocol or key management scheme.
 
The cryptographic attack used by ASICBOOST is colliding message blocks.
This same cryptographic attack, colliding message blocks, was used by Google in February 2017 to decrease the security of SHA-1 from 2128 to 261. This allows anyone with a powerful computer cluster to produce full hash collisions for SHA-1, completely breaking its security. This means that an attacker can produce two files with the same hash if they execute this attack and compute 261 operations.
 
More about the SHA-1 attack here:
http://shattered.io
This page contains two different files with the same SHA-1 hash proving that SHA-1 is not secure and cannot be used to verify the integrity of files.
Whitepaper on the colliding message block attack on SHA-1 that was used by Google:
http://shattered.io/static/shattered.pdf
 
ASICBOOST uses colliding message blocks to reduce the security of SHA-256 from 2256 to approximately 2255.48. In practice, this is negligible. However, if a new attack similar to ASICBOOST was revealed that reduced the security to somewhere in the order of 261, Bitcoin mining would be completely broken. It would be possible to mine a block, no matter the difficulty, with 261 operations, which is very achievable with today's technology.
 
Calling ASICBOOST an efficiency gain is very wrong.
Leaving cryptographic attacks unpatched sets a bad precedent that we don't care about these kinds of attacks. When a more serious cryptographic attack is found people will point to this one and say "why was that one allowed". It needs to be clear that we will patch any vulnerabilities on SHA-256
submitted by cowardlyalien to btc [link] [comments]

Weekly Roundup | Random Chat | Notifications

News roundup for the previous week.
In International news
  1. Trump 'looks forward to visiting China' - Tillerson
  2. Trump hangs tough on Germany, eases on China
  3. China warns US over arms sales to Taiwan
  4. South Korea accuses China of trade retaliation in response to US missile defense
  5. Chinese media claims Tillerson visit was a home run — for China
  6. Saudi Arabia and China just hit the 'next level' for strategic collaboration, Saudi CEO says
  7. After Saudi king, China warmly welcomes Israel's prime minister
  8. Nepal committed to One China policy: Deuba tells delegation from Beijing
  9. Chinese mainland is home to two of the top three universities in Asia, according to research published by the Times Higher Education. In total, Chinese mainland has 54 institutions in the listing of top 300 universities in Asia
  10. Trump’s Top Diplomat Goes to China, Promptly Bends Over - Rex Tillerson gives in immediately
  11. Tillerson has offered to reschedule talks with his NATO allies after snubbing April's meeting. His decision, to prioritize a meeting with China, was described as "unprecedented."
  12. China, Israel announce innovative comprehensive partnership
  13. Frank Wu discusses hate crimes against the Asian American community
  14. Myanmar refugees seek shelter in China
  15. Li Keqiang visit: Chinese Premier arrives in Australia for five-day tour
  16. Did Rex Tillerson Misspeak or Intentionally Kowtow to China?
  17. The New Era in China-U.S. Relations Begins
  18. Chinese official denied visa to attend U.S. planetary science conference: denial did not extend to other Chinese scientists: Head said more than 20 people from Chinese universities, academies and scientific institutes were at the symposium
  19. Chinese tourist wounded in London terror attack
  20. The Chinese embassy in Indonesia has accused local customs officials of targeting Chinese tourists and demanding they give them illicit “tips” at border controls, advised Chinese tourists not to succumb to pressure to pay illegal tips to customs or other officials
  21. UN Security Council approves China’s resolution: called on countries to "strengthen the process of regional economic cooperation...including through regional development initiatives such as the Silk Road Economic Belt and the 21st-Century Maritime Silk Road (the Belt and Road) Initiative"
  22. Japan PM Shinzo Abe embroiled in land-sale scandal
  23. Chinese premier assures stability in South China Sea to boost trade
  24. South Korea salvage operation brings up Sewol ferry 3 years after disaster
  25. Sri Lanka, China discuss ways to step up military cooperation
  26. High-speed diplomacy: Exporting China’s train technology. China and Thailand came to an agreement to link the Chinese border with Laos and ports on Thailand’s coast. In Turkey, China helped link Ankara with Istanbul. In Indonesia the Jakarta-Bandung line will begin this year
  27. China, Australia agree to promote trade liberalization
  28. China captures more than 2,500 fugitives who fled overseas
  29. Anti-Chinese Attitudes in Mongolia through Generational Imprinting
  30. China and the European Union (EU) are being forced to thaw their decade-long tensions and unite to push for free trade because of U.S. President Donald Trump policies and his "America First" mantra
  31. China-led AIIB approves 13 new members, Canada joins: approved applicants include eight non-Asian countries - Canada, Belgium, Ethiopia, Hungary, Ireland, Peru, Republic of Sudan and Venezuela - and five regional members - Hong Kong, Afghanistan, Armenia, Fiji and Timor Leste
In Domestic news
  1. Beijing shuts last coal power plant in switch to natural gas
  2. Hays Report: China and Malaysia had the highest management roles held by women in the region, both at 35%. Christine Wright, Managing Director of Hays in Asia, said "It's worth noticing that China has led Asia for the number of management roles held by women consistently in the past five years"
  3. 80% of Chinese students return home – MoE: According the ministry’s figures, around 36% of the students who went abroad in 2016 studied a postgraduate degree, while 31% went for an undergraduate degree
  4. Editorial: China’s New Civil Code Will Be a Cornerstone for Reforms
  5. Top 10 billionaires with largest influence on Chinese social media: The top 10 entrepreneurs on China's social media Sina Weibo are not all from the richest families in the country
  6. 2 years behind bars for student who set fire/explosion to bin outside Hong Kong legislature
  7. Shortening the journey to championships: Feng, ranked No 4 in the world, claimed the Chinese mainland's first major title when she won the LPGA Championship in 2012. Following in Feng's footsteps, Lin Xiyu, Feng Simin and Yan Jing, Shi Yuting and talented amateur Wang Ziyi are all showing promise
  8. Senior CPC leader calls for media integration
  9. China Focus: Beijing pioneers medical reforms to strengthen health care
  10. How the smartphone brought young Chinese back to bicycles
  11. "How I Help Pull China's Rural Poor out of Poverty"
  12. China rolls out plan to revitalize traditional crafts
  13. China to Boost Ice Hockey Development with Yet Another Program: "Chinese Ice Hockey Plan for 2022," was launched by the Winter Sports Management Center of the General Administration of Sport of China. Goal to fill the ice hockey players' pool for the 2022 Winter Olympics
  14. Strict new traffic regulations come into effect in Shanghai
In SciTech news
  1. Chinese police debut new anti-drone gun that shoots illegal UAVs from the sky
  2. China starts building huge cosmic-ray observatory to study the evolution of the universe: Large High Altitude Air Shower Observatory (LHAASO) will attempt to search for the origin of cosmic rays, study the evolution of the universe and celestial bodies, as well as to push the frontier of physics
  3. Chinese hackers win 2017 world hacking contest
  4. When China stops copying Western tech giants is when they should start worrying
  5. US risks falling behind China in Supercomputing by 2020: Taihu Light triple the previous record-setting numbers of Tianhe-2. Achieved using Chinese designed 28nm SOC architecture. Coupled with high performance computing advancements, three Chinese research teams finalists for 2016 Gordon Bell prize
  6. Ancient skulls found in China could belong to an unknown human species
  7. China's police are now shooting down drones with radio-jamming rifles: The rifles don't come cheap, at 250,000 yuan ($36,265) each, and they will have a range of roughly 1 km (0.6 miles)
  8. Mate 9 Durability Test - Bend Test, Scratch and BURN test
  9. Changing weather patterns are trapping pollution over Chinese cities: study published in journal Science Advances. In the high polar regions where sea ice is decreasing and snowfall is increasing, this keeps cold air from getting into the eastern parts of China where it would flush out air pollution
  10. Chinese researchers announce designer baby breakthrough: Chinese researchers used a genome editing technique called CRISPR to rid normal embryos of hereditary diseases that cause blood disorders and other ailments
  11. Regular Tea Consumption Reduces Risk of Neurocognitive Disorders in Older Adults, Study Says: “Based on current knowledge, this long term benefit of tea consumption is due to the bioactive compounds in tea leaves, such as catechins, theaflavins, thearubigins and L-theanine,” Dr. Feng said
  12. Microsoft delivers secure China-only cut of Windows 10
  13. NSA, DOE say China's supercomputing advances put U.S. at risk
  14. Huawei P10 and P10 Plus high-end smartphones. Bonus: Watch 2
  15. China And Israel Tech Ties Grow Closer With $10M Deal For 3 AI Centers: house R&D facilities that will work toward commercialization of artificial intelligence
  16. Chinese scientists repurpose silkworms as virus shredders: researchers transformed a popular gene-editing tool into a weapon that the silkworm can use to shred deadly viral strains into fragments, according to a paper in the latest issue of the Journal of Virology
  17. CRISPR May Speed Pig-to-Human Transplants: George Church and cofounder Luhan Yang's eGenesis developing two different designs. One is for a pig with a “humanized” immune system and the other is for a pig cleansed of risky viruses
  18. Earliest Mushroom Fossils Found in China: They are well-preserved in Burmese amber and are the first ever complete mushroom fossils ever found
  19. China’s push to become a tech superpower trigger alarms abroad: China’s technological might alongside efforts to restructure its industrial policy through a scheme known as Made in China 2025. Billions of dollars have been pumped into research and the acquisition of overseas assets
  20. Inside Tencent's AI Lab: How It Created China's Own AlphaGo In A Year. AI Lab was officially established in April 2016. Currently has over 50 AI scientists (90% of them with PhDs) and over 200 engineers focused on computer vision, voice recognition, natural language process, and machine learning
  21. China’s Hybrid Kinetic targets Tesla with Italian styling, turbine range extender: designed by famed Pininfarina, creator of the Maserati Birdcage and many Ferraris, uses a small turbine as a generator when battery charge runs out, range of over 600 miles on both battery and turbine power
  22. China is on the path to global technology dominance
  23. Chinese scientists breed world's first 'space mangoes': "Space mangoes are expected to be insect-resistant, of higher quality and provide more output," said Peng Longrong, head of the project
In Economic news
  1. How Bitcoin Could Save China’s Economy
  2. UN agency: China has explosive growth in patent applications. The U.N.'s intellectual property agency says China is showing "quite extraordinary" growth in international patent applications, putting Chinese applicants on track to outpace their U.S. counterparts within two to three years
  3. Secretive billionaire Duan Yongping reveals how he toppled Apple in China
  4. Tencent becomes China’s first $100 billion brand
  5. WIPO chief calls China's patent application growth "extraordinary": "China-based filers are behind much of the growth in international patent and trademark filings...as the country continues its journey from 'Made in China' to 'Created in China'," WIPO Director General Francis Gurry explained
  6. China's extreme income inequality appears to be improving after decades of deterioration -Quartz
  7. Chinese company Geely saves UK company from closure, creates local jobs while fast-tracking transition to Electric Vehicles
  8. Chinese investors look to hockey as NHL tries to expand footprint
  9. China May Set New Rules to Curb ‘Irrational’ Outbound Investment This Year: The state foreign exchange regulator has said the government will more closely monitor "irrational" investment in property, entertainment, sports, and other sectors
  10. Why Airbnb won't find a home in China anytime soon
  11. Trump's U.S. jobs push may open doors to China in Mexico: ICBC bank
  12. China Bets on Sensitive U.S. Start-Ups, Worrying the Pentagon
  13. China to cultivate more skilled workers
  14. Competition From China Reduced Innovation in the US
In Military news
  1. Beijing Goes Global: China Expands Marine Force 400%, First Overseas Military Base Almost Complete
  2. Bangladesh Navy Commissions Two Type 035G Diesel-Electric Submarines from China: First ever in of history Bangladesh Navy has inducted two submarines BNS Nobojatra’ andBNS Joyjatra’ to its fleet
  3. China to boost marine corps by 400pc to enforce growing world influence: This includes plans to deploy detachments to secure the ports of Djibouti, on the strategically significant Horn of Africa maritime chokepoint, and Gwadar in southwest Pakistan
  4. China, Pakistan agree to further increase military cooperation: China’s leadership appreciated Pakistan’s fight against terrorism with a special mention of eliminating Al Qaeda, Tehreek-e-Taliban Pakistan (TTP) and the East Turkmenistan Islamic Movement (ETIM)
  5. Can China leapfrog the US in the scramble for the world’s best aircraft carrier? Ma Weiming, a top engineer working on the project, said on the sidelines of the National People’s Congress that China had made breakthroughs in its advanced ­arresting gear (AAG) system, while the US had stumbled
  6. 5 Ways Russia and China Could Sink America's Aircraft Carriers
  7. PLA Navy replaces ceremonial sabers with traditional Jian sword (x-post MilitaryPorn)
  8. Wei Yiyin, CASIC deputy general manager, confirmed the company is focusing on the development of a long-endurance stealth drone and a near-space drone. "can play an important role in high-resolution reconnaissance, long-distance precision strikes, anti-submarine operations and aerial combat"
  9. Russia, China making gains on US military power: “It’s not just one area or few areas. If you look at the evolution of [China’s] military over the last 15 years … it’s rather astonishing. Ballistic missiles, air defense, aircraft, electronic warfare, naval vessels” Ochmanek said
  10. Taiwan confirms China's deployment of DF-16 missiles: The DF-16 represents an increased threat to Taiwan because it is difficult to intercept with anti-ballistic missiles systems such as the MIM-104 Patriot PAC-3
  11. How China is preparing for cyberwar: Chinese military analysts often write of the PLA’s need to seize information dominance at the beginning stages of a conflict with a technologically advanced adversary through cyber attacks against command and control computers as well as satellite networks
  12. Battle Lasers! US, Russia, China Develop Brighter Beams for Blasting Enemies. China presented its Silent Hunter laser system at the International Defense Exhibition and Conferencein February. Low Altitude Guard II land mobile complex, was presented at a defense exhibition in South Africa
  13. Chinese President Xi Jinping again called for deeper military-civilian integration and emphasized science and technology innovation as the key to upgrading the technological capabilities of the People's Liberation Army
Other Notables
  1. The Legacy Of The Mississippi Delta Chinese
  2. DJI – Mavic Pro: The Art of Form
  3. Chinese maths textbooks to be translated for UK schools
  4. Pictures: Hailuogou, a wonderful glacier forest park
  5. Chinese Deaf Dance Team - Thousand Hands of Buddha
  6. Chinese woman making a DIY lunch at work
  7. Chinese man without hands sells clay figures that he makes for a living
  8. Bus stops in Suzhou
  9. Thoughts on the argument that china will be hamstrung because it is surrounded by hostile neighbors
  10. China welcomes Disney film’s gay content
  11. Foreign Internet Celebrities Skip China’s Firewall By Using Chinese Social Media Sites
  12. Could The Chinese Be The Next Dominant Force In Competitive Surfing? As the Chinese gear up for their first furore into competitive surfing at the ISA's this year, we look forward to the future. Despite a distinct lack of interest in surfing, they have set their sights to qualify for 2024 Olympics
  13. Panda Diplomacy: The World’s Cutest Ambassadors. It’s thought to have started as early as the Tang Dynasty in the 7th century when Empress Wu Zeitan sent a pair of bears (believed to be pandas) to Japan. This Chinese policy of sending pandas as diplomat gifts was revived in 1941
  14. Why China Must Confront North Korea
  15. How China ended the era of western domination
  16. Legendary sunken treasure discovered in Southwestern China - Xinhua
  17. Question, Are people overstating the importance of Military Alliances for China's Foreign Policy and its competition with America?
  18. Sinology by Andy Rothman - Trump, Trade & China Part II
  19. Global Times: Novel exploring excesses of 1950s land reform draws criticism from Maoists
  20. West must drop double standards on terror
  21. 16 women who changed Chinese art
  22. Unravelling the Tang: The Qiu Fu and Pang Xun (858-860), and Huang Chao Rebellions (878-880)
  23. Jenna Cook: The adopted girl claimed by 50 birth families - BBC News
  24. Why do Chinese students have higher test scores than Americans?
  25. Chinese Army in (Pakistan) 23rd March Parade
  26. 'My Life, My China’: Chinese journalist refused to cave in for the BBC - CGTN
  27. Huangguoshu Waterfall Shows Charm
  28. Chinese web novels help American man to conquer drug addiction
  29. Question: How much did the Cultural Revolution really Destroy?
  30. Translation of Chen Shou's official JS biography
  31. Chinese Opera Singer Nails The Impossible Alien Diva Song From Fifth Element
  32. Train route runs through an apartment block in Chongqing, China (x-post interestingasfuck)
  33. Pictures: Amazing Yuanyang Terrace in Yunnan, China
  34. Chinese peacekeeper puts love for daughter in sketches: During his posting in the West African nation, he missed his daughter a lot. "I wanted to give a special memento to my daughter," said Du
  35. Shennong: The God-King of Chinese Medicine and Agriculture
  36. Article in WSJ claims China is using pandas for "Geopolitical Domination"
  37. Korean here: what is your opinion about the installation of THAAD in korea and the subsequent boycott of Korean Goods?
  38. Translation of Huangfu Song's official HHS biography
  39. Western Documentary trying to smear China backfires as many western commenters defend China
submitted by AutoModerator to Sino [link] [comments]

[ActiveMining / Virtual Mining Corp] Basic facts/summary etc

*On this thread you will find details from the most important Official ACtM news releases, statements and published facts for easy reference. *
Active Mining Corporation (ACtM) is the parent company of Virtual Mining Corp (VMC) and is made up of a team of dedicated Bitcoin mining professionals with over 30 years of combined experience.
The current company structure is as follows:
Active Mining Corporation Management Team:
Kenneth E. Slaughter, CEO/CTO
Virtual Mining Corporation Management Team:
Kenneth E. Slaughter, CEO/CTO Gerald L. Slaughter, COO/CFO Micah Slaughter, VP Manufacturing Operations Darin Carolus, VP Marketing
VMC also has 2 in-house Engineers in San Jose and a Project Manager working very closely with eASIC. ACtM company offices are in Springfield MO - VMC website http://virtualminingcorp.com/index.html
eASIC 28nm ASIC
Since IPO, ACtM/VMC has been perusing a 28nm ASIC chip with eASIC. http://www.easic.com/ In September ACtM and eASIC released a joint statement:
Santa Clara, CA and Springfield, MO – September 4, 2013 – eASIC Corporation, a leading provider of NEW ASIC devices and Virtual Mining Corporation (VMC) today announced that VMC will use eASICs 28nm Nextreme-3 devices to create a series of scalable Bitcoin mining machines capable of generating up to 24.756 TH/s.
The above chip roll-out was delayed by ACtM in September due to concerns over ROI with BTC value at only 140 USD and competitors chips at 4-500GH/s. The ACtM chip was therefore returned to the design stage and the result is a more refined and more efficient full custom 28nm device which eASIC are presently in the process of producing. Chip specs will be known shortly.
This chip will be available for: bulk sales, the ACtM mining farm, and will be sold in premium high-power machines for retail and industrial customers. This chip is expected in Q3 2014.
UMC 55nm ASIC
On the 21st January 2014 ActM surprised investors when they published this press release:
Springfield, MO and Santa Jose, CA – January 21, 2014 – Active Mining Corporation (Belize) (AMC) a bitcoin Mining and Hardware Manufacture, and People's ASIC a stealth Silicon Valley startup founded by two veteran engineers is proud to announce today the tape-out of their 55 nm UMC Bitcoin Mining ASIC. Simultaneously, AMC has acquired the Intellectual Property for the 55nm UMC Bitcoin Mining ASIC. Delivery of chips is expected in Q2/2014. Also, AMC will use the same design team and code which successfully taped out the 55 nm on AMC's eASIC's 28 nm.
This new full custom 55nm project (wholly owned by ACtM) is at a more advanced stage than the eASIC custom 28nm ASIC and has been taped out by UMC. http://www.umc.com/english/process/c.asp This chip will be utilised in scalable bitcoin mining machines capable of generating upto 10.488TH/s.
The published specs of the UMC fabbed chip include: 11mm x 11m package, 1.9 GH/s, 2.5 Watts per chip which is 1.315789474W/GH (before Intellihash is applied)
This chip will be available for: bulk sales, the ACtM mining farm, and will be sold in budget medium-power machines for retail and industrial customers. This chip is expected in Q2 2014.
*Intellihash (TM) * Intellishash (TM) is a unique in-house process designed by ACtM and its engineering team which extends or boosts the usefull hashing life of Bitcoin mining ASIC's. For commercial reasons the full details of this technology are confidential. The process can be applied to ACtM chips and will boost chip lifetime-performance as hash-difficulty rises. The percentage of increased life-time efficiency over a standard ASIC chip is not public knowledge, but the boost is expected to be significant over non-Intellishash capable chips (ie competitors chips).
ACtM mining farm
With their own mining farm ACtM expect to utilise first their 55nm based rigs which generate 10.488 TH/s and shortly after their 28nm based rigs which generate 24.576 TH/s. Electricity costs for ACtM are stated to be around 0.017 $/kWh.
Shares
Due to increased shareholder requests to implement a trading solution ASAP ACtM shares will be listed on Hong-Kong based Crytpo-Trade https://crypto-trade.com/ in the next few days. 28/1/2014.
All shares on Bitfunder were requested to be tendered to the 'AMC-TENDER' holding account before the closure of BF so that Ken could batch-process them onto a new exchange when one was ready. Any holder who carried out the tender on BF should receive an email notification soon which will lead them to log-in to an auto-created account on CryptoTrade. At this point no account needs to be manually opened.
The most recent information on this move is: 'The transfer of shares from AMC-TENDER to Crypto-Trade will be via an automated site. To verify your shares, you will need an email address that you want to register as a account on Crypto-Trade (fine if you already have an account using that email, shares will just be added to that account), the number of shares transferred to AMC-TENDER, and your AMC-TENDER transfer date and time of transfer (from your Bitfunder transfer logs, or from the screenshot you made of the transfer).'
For the many shareholders who did not carry out the BF tender (or who do not have the date and time of your tender), you will likely be requested to confirm your identity by signing from your wallet address which you registered on the Bitfunder site before you can access your CryptoTrade account. Due to the manual processing of your shares (not part of the tender batch-processing) you may gain access to your shares sometime after those who did fulfill the tender request.
Shareholder guarantee
There are a total of 10,000,000 (10 Million) publicly held shares in ACtM that represent interests in all VMC, and ACtM profits. The shareholder guarantee states that these 10M shares will receive all dividends until a total of 0.0025BTC has been paid per share. Currently less than 2% of this total has been paid out. After the 0.0025BTC has been paid to each publicly held share the CEO's holding of 15 Million shares will also begin to receive dividends so that all profits are then shared out equally between the final total of 25,000,000 shares.
Ukyo Shares
Through his Bitfunder securities exchange and WeExchange processing site Ukyo misplaced, lost or miss-invested over 6,000BTC from the community. ACtM had company funds in both Bitfunder (38BTC approx) and WeEx (70BTC approx) which represented assets raised from the IPO, funds for the purposes of paying dividends, and funds being used to transfer ACtM shares to CryptoStocks via a free transfer option for share holders. (This scheme was in it's very early days and so only a few thousand shares were exchanged to CS before Bitfunder was closed). These monies appear to have been lost and after legal notice was served on Ukyo for the return of these funds no refund was made. ACtM has therefore adopted the rights of lien under Corporation Law to seize Ukyo's ACtM share holdings. Ukyo held approx 232,000 shares in ACtM. These shares are being sold on Crypto Trade solely for the purposes of reimbursing ACtM lost funds and legal fees and costs relating to this case. Once these funds have been reimbursed the remaining shares/raised BTC will be returned to either Ukyo or a rightful third party so that the community can get back some of their lost monies. At the current listed price it is expected that only 5% of the seized shares need to be sold to reimburse ACtM leaving 95% for other parties. However should that listed price (0.01BTC) not be reached, more numbers of shares will need to be sold at a lower price.
Pre-order Refunds
With BTC savings retained from the IPO, and BTC having appreciated almost 10fold, ACtM has ample liquid assets to refund 100% of all pre-orders plus continue with full production of the 55nm and 28nm projects. Of the few pre-order customers who have requested a refund all have been repaid in full in a timely manner. Pre-orders paid for in FIAT are currently held in FIAT by the company to safeguard this company liability from a fall in BTC prices.
submitted by foradalei to ActiveMining [link] [comments]

KNCminer to release 350 GH/s in September

Everyone,
A lot has happened in the last few weeks, so we thought it was time for a new update. The main focus of this newsletter will be around the following topics:
Jupiter’s performance increase. A new product called Saturn. More information on our approach to Litecoin mining devices. Things we are working on in the next few weeks. Update of Jupiter performance https://www.kncminer.com/products/jupiter We have previously announced that Jupiter will have a minimum performance of 250GH/s. We can now be a little more accurate and say that it will be above 350GH/s. A few improvements have allowed this to happen. One of them is that we are now able to use the 28nm technology in our standard ASIC design.
Delivery is also important to our customers so we can also narrow down from saying autumn to the latter part of September 2013. This is still a compressed timeline but we are very confident we can meet our deadline. (Which in terms of Standard cell ASIC design is a very aggressive time frame.) We are able to commit to this deadline because of the experience that ORSoC brings.
The last update around Jupiter is the price. We previously stated that it would be between 7000 and 8000 USD per device. The final component costs are all in and we can confirm that the price will be 6995 USD.
So to recap. Jupiter now comes with:
350 GH/s. 28nm Standard Cell ASIC chips. Shipment in September 2013. 6995 USD price tag. Announcement of Saturn https://www.kncminer.com/products/saturn We have had many people asking for a cheaper ASIC device, which would still give great value for money in terms of hashes per dollar.
So we have listened. We have created Saturn, Saturn is a 4 blade device. (Jupiter is an 8 blade device) Saturn still offers great value in terms of hash per dollar, but has a much more favorable purchase price of 3795 USD. It will have a minimum performance of 175 GH/s and because it’s based on the same modular design as Jupiter, they will ship alongside each other in September 2013.
So to recap on Saturn:
175 GH/s. 28nm Standard Cell ASIC chips. Shipment in September 2013. 3795 USD price tag.
Litecoin device A common request arriving on our desks is around us producing a Litecoin mining device. We have stated that we are looking into it, to see if we can develop a device that would make sense for the Litecoin community. What we would like to say at this stage is that we are removing things form our plate which in any way delay the shipment of our ASIC based Bitcoin mining hardware, having said that if we have any space in our resources. (Which we may increase in the near future) They are being targeted at producing a Litecoin device. So as of today it’s on the plan but is second only to the ASIC Bitcoin devices. We will continue to conduct research into Litecoin devices and see exactly how challenging it would be to produce an FPGA type setup for mining Litecoins.
The coming weeks Next week we will have a demo video of our Mars device uploaded for everyone to see. So at this point we would like to invite the community to select people to come to our offices. Those people would be able to meet the engineering team and have a look at our prototype. If you would like an invite please send us an email. We will try to accommodate as many people as we can.
Above all we would like to say thanks again for all of your feedback. Keep it coming it allows us to produce better and more targeted products.
KnCMiner Team
submitted by chaxattack to Bitcoin [link] [comments]

Someone please proofread what I have written below, so it can be posted on r/environment and other such subreddits.

Here is the title.
Bitcoin requires a tremendous amount of electricity to be maintain, but there are much more environmentally-friendly, alternative cryptocurrencies. Please demand that merchants accept the environmentally friendly alternatives.
Executive Summary:
Large Bitcoin mining operations are now being constructed in places where they unnecessarily squander the least expensive, renewable hydro-electric and geothermal-electric resources. There are very environmentally-friendly, readily-available, alternative cryptocurrencies such as Blackcoin and NXT that do not pose a threat to these precious renewable resources.
The environmentally unfriendly coins that require a lot of electricity to mine are called Proof of Work (PoW) coins. The environmentally friendly alternatives like Blackcoin and NXT are called Proof of Stake (PoS) coins.
The price spike in bitcoin last fall has led to an arms race to adopt electricity-gobbling, specialized mining equipment in the pursuit of corporate mining profits. They were not required to maintain Bitcoin prior to their invention. Specialized mining equipment for a second class of coins, which are similar to Litecoin, another PoW coin, is about to start shipping. This will lead to another large surge in unnecessary corporate mining operations and greatly increase the electrical demand in the race for corporate mining profits.
You can read the long report below.to find out more about the issue, and you can visit blackcoin and NXT at the links below to find out more about our coins. If you have heard enough and just want to do something quick and simple to support our efforts, visit blackcoin and NXT, click on our subscriber button to show your support, and then watch us take on Bitcoin. While you visit the two subreddits, you can judge for yourself which one you think will succeed.
Hopefully, some respected environmentalist will start campaigns to get merchants that already accept Bitcoin and Litecoin to start accepting the environmentally friendly alternatives.
http://www.reddit.com/blackcoin
http://us.reddit.com/NXT/
Electrical requirement to mine PoW coins:
The Bitcoin, Litecoin, and Dogecoin ledger are maintained by miners who compete against each other to see who can first find the next page for their blockchains. Only the miner that wins the race for each ledger page gets paid in coins.
As a result of this competition and the late 2013 price spike, Bitcoin mining corporate startups are popping up in central Washington State as documented in the first link below to take advantage of the inexpensive, renewable hydro-electricity and in Iceland as documented in the second link below to take advantage of the renewable hydro and geothermal resources. If bitcoin continue to expand, it will unnecessarily eat up more and more of these valuable renewable resources
Link to Washington State Bitcoin mining article
http://www.spokesman.com/stories/2014/ap26/northwests-cheap-power-drawing-bitcoin-miners/
Link to Iceland Bitcoin mining article
http://dealbook.nytimes.com/2013/12/23/morning-agenda-the-bitcoin-mines-of-iceland/?_php=true&_type=blogs&_r=0
The next surge in electricity requirement is about to happen:
The mining hardware manufacturers are about to start shipping specialized mining equipment that can only mine the Litecoin and Dogecoin type of PoW coins as documented in the two links below. This new front in the mining arms race will gobble up much more precious renewable electricity in the competitive pursuit of corporate mining profits than is currently required to update the ledgers of these coins.
http://www.cryptocoinsnews.com/news/innosilicon-a2-terminator-scrypt-asics-first-28nm-chips-litecoin-dogecoin-mining/2014/04/30
https://coinreport.net/zeusminer-pre-orders-scrypt-asic-miners/
http://www.coindesk.com/mining-roundup-multipools-doge-amazon-ec2-11ghs-usb-sticks/
This specialized equipment is prostituting the original bitcoin promise
The tremendously profitable mining of crypto coins that are competitively produced is unnecessarily prostituting the original concept of their inventor, Satoshi Nakamoto. He envisioned bitcoins as being mined on standard personal computers while preforming other useful tasks. Instead, special computer hardware is being manufactured costing upwards to $10,000 apiece which can perform only one task. These individual units are being racked up in warehouses now.
This specialized equipment was not required for Bitcoin prior to its invention and is not required currently for Litecoin and Dogecoin. However, it is coming anyway producing an unnecessary arm race in the pursuit of corporate profits.
These specialized dev ices are energy inefficient in a second ways.
These specialized devices generate so much heat that they require elaborate energy-intensive cooling system for large operation. One of the most elaborate of these cooling systems is documented in the link below for a Hong Cong corporate mining operation that emerges the energy-wasting equipment in boiling goo to keep it cool. Thus, not only does it take electricity to run the equipment for these large operations, but more to keep it all cool.
http://www.theverge.com/2013/12/2/5165428/bitcoin-mine-in-hong-kong-uses-jelly-to-keep-cool
PoS coins are the environmentally friendly alternative.
In contrast, the ledger pages of coins like Blackcoin and NXT are generated by stakeholders who cooperate to perform the task which are being done on standard multitasking computers. Many of these computers would be running anyway as originally envisioned by the inventor of the blockchain.
If you have heard enough and just want to do something quick and simple to support our efforts, visit blackcoin and NXT, click on our subscriber button to show your support, and then watch us take on Bitcoin. While you visit the two subreddits, you can judge for yourself which one you think will succeed.
Hopefully, some respected environmentalist will start campaigns to get merchants that already accept Bitcoin and Litecoin to start accepting the environmentally friendly alternatives.
http://www.reddit.com/blackcoin
http://us.reddit.com/NXT/
submitted by RJSchex to blackcoin [link] [comments]

Is all mining now negative return-on-investment?

I have been closely watching the mining scene for only about 3 months, so excuse me if this sort of question is asked frequently, or is too speculative.
Is all BTC mining now underwater, with a negative ROI?
That's what it looks like to me. I initially got interested years ago, when the return was small and BTC was not worth much. I didn't mine because it seemed like a miniscule return on investment. Oh I wish I had started back then, those "worthless" BTCs would be worth a lot now.
But I started getting more interested again when that Ars Technica article on the BFL Jalapeno appeared. Holy crap, a machine that prints free money. He made hundreds of bucks in a week.
So I started checking it out. With the delays in BFL's product shipping, all the mining calculators show that any new investment in mining hardware will never break even. Difficulty is increasing so fast, that the only machines making money are already in place, and soon they won't even pay for the cost of electricity.
Now just to screw this up even further, BFL did a classic "Osborne Effect" announcement of their new Monarch board. Their existing ASIC machines are obsolete. The new 28nm machine that does not exist yet, is promised to deliver 600Gh for 350 watts, and costs $4680. I ran the numbers through the mining calculator at The Genesis Block. Unfortunately their calculator seems to be down at the moment, but I recall running numbers on a Monarch, delivered even in December, would not break even unless BTC went up to 2000 per dollar!
Now even accounting for BFL's broken promises, if I could buy mining hardware like this today and turn it on now, it would make a negative ROI. I run the numbers for every possible hardware I could buy, none of them are as cheap in dollars/Gh or Gh/watt as the Monarch. And none of them break even.
I decided to track the existing performance of mining using my dinky Mac mini's GPU. It won't mine much, and GPU mining will never break even in a network full of ASICs. But it would give a rough index of how difficulty is affecting mining. Here's a rough description of my results. At this point, it looks like mining is doubling in difficulty every month. Nobody can make money unless either BTC rises in value dramatically, or the majority of miners give up and unplug their unprofitable mining hardware.
So someone tell me if this assessment is realistic or not. At the moment, it looks like any new investment in mining hardware will result in turning every dollar of investment into 50 cents worth of BTC at most. With increasing difficulty, soon even existing mining hardware will be turning every dollar of electricity into less than a dollar worth of BTC. ROI is underwater now for new hardware, and soon will be underwater for all hardware, even advanced ASICs that haven't even shipped yet. There are only two ways that mining might ever make a profit. One is if almost everyone gives up when their miners become unprofitable. The other is if BTC goes up massively in value to like $2500/USD, which will only fuel the arms race even more.
Yeah, I know there is a big incentive to spread disinformation to convince people to drop out of mining. So don't try to BS me. Let me hear your honest assessments, or please point me in a direction where I can do research to figure this out.
submitted by nmrk to BitcoinMining [link] [comments]

BFL is possibly misleading customers to get pre-orders.

On their 300GH and 600GH cards BFL has now replaced the "Pre-Order" button with an "Order" button instead.
Nothing about the checkout procedure itself even hints this is a pre-order.
The few notices that these are pre-orders are at the main products page: Here Huh, look at that, those buttons say pre-order instead..
and some various text mostly near the bottom of the individual pages.
This is a pre-order. 28nm ASIC bitcoin mining hardware products are shipped according to placement in the order queue, and delivery may take 3 months or more after order. All sales are final.
I'm sorry but shouldn't the product name have "PRE-ORDER" affixed to it? Especially when it's in the cart..
I can easily skim the page, think I'm getting an awesome deal, add it to my cart and make full unrefundable payment without notice otherwise.
This strikes me as deceptive sales practices. Be alert guys!
submitted by Roobotics to BitcoinMining [link] [comments]

BitFury announces new 0.2 joules-per-gigahash ASIC

 "Bitcoin mining giant BitFury has announced it has completed the manufacturing of its anticipated 28nm ASIC chip" 
Rumor has it that Bitfury encountered issues prior to manufacturing, which has delayed production. Anyone have good info on developments?
http://www.coindesk.com/bitfury-launches-new-28nm-bitcoin-mining-asic/
submitted by Robbie2333 to BitcoinMining [link] [comments]

Major jump in the price of SHA-256 altcoins?

Now I'm somewhat new to altcoins, but here is my basic understanding of their future:
Litecoin will just sort of do it's thing, and be sorta stable and just gradually rise and will stay obscure and it's scrpt based hashing method means the previous GPU miners can live like it's summer 2011 and hope maybe there's an April 2013 that will eventually happen for them. SHA-256 based scripts, and mainly terracoin, ppcoin, and possibly feathercoin will not really do anything notable except around now, Bitcoin ASIC miners are reaching their expiration date and thus moved to a potentially profitable network, and we'll really see a jump when the 28nm Bitcoin miners that are going out next month hit their "expiration date".
So am I missing something, or is this about correct?
submitted by SquareKite to CryptoCurrency [link] [comments]

MintForge.com 1TH/s (1000 GH/s) CoinCraft A1 28nm ASIC Bitcoin Miner Preview Bitcoin News - YouTube Bitcoin News - YouTube THIS IS HUUUGE!!!! BITCOIN NEWS CONFIRMING $30,000 BULL RUN NOW SAYS BITCOIN COULD SUDDENLY DUMP TO THIS PRICE DUE TO THIS RARE PATTERN (btc market prediction news today

BitFury Launches New 28nm Bitcoin Mining ASIC. Feb 28, 2015 at 02:05 UTC Updated Mar 1, 2015 at 17:25 UTC. Stan Higgins. The leader in blockchain news, STOCKHOLM, SWEDEN -- Oct 3, 2013-- KnCMiner AB announced that it has achieved, what is believed to be; the world's fastest concept to production of any 28nm device ever created, in a little over 4 months, and the word's very first 28nm Bitcoin mining machine.. The flagship Bitcoin miner, codenamed; 'Jupiter', currently runs stable at a maximum hashrate of 576Gh/s, and consuming 1w/Gh/s. BitMain has listed the upcoming ~500 GHS AntMiner S3 Bitcoin ASIC miner on their website based on the new 28nm BM1382 chips that were recently announced.The AntMiner S3 should start shipping from July 10th with a price set at 0.75 BTC, so you can already pre-order your unit if you are interested. Sfards, formerly Gridseed, will roll out a 28nm Bitcoin and Litecoin dual-algorithm ASIC tapeout. The SF3301 will be the next generation of dual-algorithm mining chips – the world’s first 28nm with the capability to mine SHA-256 and Scrypt simultaneously. According to BitFury, the newly manufactured 28nm bitcoin mining ASIC chip is the most technologically improved one today. However, the firm has already commenced works on the development of new

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MintForge.com 1TH/s (1000 GH/s) CoinCraft A1 28nm ASIC Bitcoin Miner Preview

ALL ABOUT THE WORLD BITCOIN: news, events, the facts, the course, analysis, HYIP, Mining, tap. ВСЕ О МИРЕ BITCOIN: НОВОСТИ, СОБЫТИЯ, ФАКТЫ ... BITCOIN TODAY: Bitcoin is getting an ETP by a German company. In this video, I'll go through the Bitcoin news today & I'll make a Bitcoin price analysis. The BTC news & analysis can be inspiration ... First 4 pcs LA90M 28NM scrypt miner worked whole night in the testing farm. Bitcoin will crash 75% soon in 2020 before the 2021 BTC bull run can begin! price targets, TA & NYSE - Duration: ... (Investors Must See) Crypto News 2020 - Duration: 15:25. world first 28nm scrypt 85mhs miner arrived Lightningasic headoffice. Great works, Lightningasic members.

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