The market for this is limited. Cryptcoin miners care about profit above everything else (or else they wouldn't be doing mining). No one doing mining professionally is going to spend $250 on a case.
Anyone doing it "professionally" is probably trying to transition away from GPU mining at this point. There probably was a market for this product, but it was a year or two ago.
SHA256 -> scrypt -> scrypt-jane and Adaptive-N-Factor scrypt
And let's not forget quark, X11, and SHA3 (keccak) that are used as well. ASICs have taken over SHA256, and they're coming for vanilla scrypt, but scrypt-jane and adaptive-n may never really see ASIC support due to the RAM requirements, and SHA3 is new enough that we're at least six months (or more?) away from a working ASIC.
TL;DR: GPU mining is still quite profitable, and is likely to remain so barring a complete collapse in the belief of investors that currently supports the cryptocurrency network.
If cryptocoin miners cared about profit, then they wouldn't be mining. It's an obscenely risky investment. Individuals are not smarter than the market. There's no beating the market in the long run.
And yet, individuals still try to mine. We see this in the record prices for AMD GPUs.
Since we're dealing with individuals that really aren't thinking straight to begin with, I think it's very reasonable to expect the DopaMINE to satisfy a sufficient market need.
There's insane prices on GPUs and shortages still because it IS profitable, sometimes extremely so. Obviously the market is dictating that right now, else you would sell a mass exodus of cards for below MSRP in an attempt to recoup a loss. Pretty sure used 7950s were still going for nearly $400 just the other day.
There isn't just money in Bitcoin, there's money in marscoin, peercoin, namecoin, doge, panda, sexcoin, florin, whatever the MARKET dictates that day/week.
Obviously this is revolutionary and most people don't even understand the big implications of the underlying invention of Bitcoin--the great thing isn't that we can send money flawlessly without a third party and without insane fees now (though that's nice, and why people flock to it)--the blockchain, or distributed asset ledger, allows for much greater things to be built down the line (distributed autonomous organizations, anyone?)
I completely agree. While the media continue to focus on it as a currency, the truly innovative part of Bitcoin is its usefulness as a protocol, and that is what will cause Bitcoin to grow in popularity. Bitcoin is as important as the Internet. It reminds me of the 1990s where when people thought of the internet all that came to mind was BBS, and now today we have rich web interfaces, social media, video sharing, computer gaming, etc.
You're confusing mining and investing. You don't need to invest in order to make a profit mining. Many of the people I've met with large numbers of miners convert to conventional currencies immediately. In that case the only risk is that the hardware become worthless, which is a minimal risk considering that the graphics cards still have value for non-mining situations. If the currency completely fails, your risk is only a short period of profits (usually a day) .
Could be useful for 'password recovery', and some other GPU compute task.
But a year too late to market for coin mining. Its all FPGAs & ASICs now. Really.
And if you were to continue with GPUs, then you might still waste your time in the Americas / Europe (especially Denmark), best to come to Thailand where electricity is cheap. Almost half the price....GPU mining might still work here, but for how long? Difficulty rises all the time...
For SHA256 cryptocoins maybe, but scrypt based ones are still superior on GPUs. There is one ASIC chip I'm aware of that does ~1/10 the hash rate of a 7950 (60KH/s vs 600KH/s) but costs 100USD.
There are a few ASICs on the way which promise a lot better rate than GPU's. For example Alpha Technology's Viper 5Mh/s at under 70W and 25Mh/s at 300W. The days of GPU mining are numbered.
I have been wondering lately if the overly high rates of new coin release every week are actually sustainable from a mining perspective. Will the release rate eventually exceed the supply of miners willing to put the money down to start? Will a processing power crunch eventually create a dire situation for all of the cryptocurrencies? For more insight please go to crypto-market-news.weebly.com
6 GPUs, well cooled and accessible, in a case which is far cheaper than any "professional" solution. This could be a game changer for any GP-GPU or PCIe-Accelerator number cruncher, who doesn't need to fit the boxes inside racks. There is a market for this outside *coins.
Did anyone proof read this before hitting publish? The chassis is interesting, but the writing is dreadful. It is genuinely hard to read as every paragraph is riddled with issues.
To be honest an email shouldn't be necessary, just read the piece through. If you can't see the numerous glaring errors then perhaps writing isn't the career path for you.
A few of the low points: "With the ups and downs of cryptocurrencies like Bitcoin, Litecoin and Dogecoin now part of the zeitgeist; notable trends are starting to happen."
"Up until this point, finding ways in which to place your GPUs can be tricky – this is especially true if you are in a limited space environment."
"At least three of the regular editors here at AnandTech are casually involved in mining to various degrees of success, including me – I am running a few systems at around a dozen cards, which can be quite noisy and generate some heat."
"The early bird versions are currently $200 each, with the main run will cost $250 – this includes shipping within the US, add $50 for international shipping."
Anandtech is a great site, you need to up your game because currently your writing is a reason not to visit it.
These read fine to me. Are you sure it is not a case of you not being accustomed to British English? Or in fact that all of those sentences use non-period pauses to continue themes in the same vein. I am more than amenable to criticism and proposed guidance, although email is a preferred format.
Looks fine to me too. I think this guy probably entered some of his writing when you guys announced that you were looking for writers, and now is lashing out. That's how it "reads" to me anyway.
There are actually several errors in the quotes, but I think he is also referring to the overall elementary level of writing which makes the article difficult to read. I have offered my services to proofread for this site in the past, but it went unanswered.
I am also not sending you an email because I want my efforts known. This is human nature, just like it is human nature for you to request the emails so you may profit from the advice in secret.
-- "With the ups and downs of cryptocurrencies like Bitcoin, Litecoin, and Dogecoin now part of the zeitgeist, notable trends are beginning."
semicolon and wordiness
-- "Up until now, finding ways to place GPUs has been tricky. This is especially true if you are in a limited-space environment."
first half of sentence implies last half is in the past, but was written in present... no need for dash, it is its own sentence... hyphen... wordiness
-- can't rewrite third example because it's unclear if you are included in the three
-- "The early-bird versions are currently $200 each and includes shipping within the US (add $50 for international shipping.) The main run will cost $250."
Lol this guy ^, Grammar Nazi reporting for duty. I believe you have about 1500 additional sites to report in on with far worse grammar than this article.
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The Von Matrices - Wednesday, February 19, 2014 - link
The market for this is limited. Cryptcoin miners care about profit above everything else (or else they wouldn't be doing mining). No one doing mining professionally is going to spend $250 on a case.A5 - Wednesday, February 19, 2014 - link
Anyone doing it "professionally" is probably trying to transition away from GPU mining at this point. There probably was a market for this product, but it was a year or two ago.JarredWalton - Thursday, February 20, 2014 - link
SHA256 -> scrypt -> scrypt-jane and Adaptive-N-Factor scryptAnd let's not forget quark, X11, and SHA3 (keccak) that are used as well. ASICs have taken over SHA256, and they're coming for vanilla scrypt, but scrypt-jane and adaptive-n may never really see ASIC support due to the RAM requirements, and SHA3 is new enough that we're at least six months (or more?) away from a working ASIC.
TL;DR: GPU mining is still quite profitable, and is likely to remain so barring a complete collapse in the belief of investors that currently supports the cryptocurrency network.
martyrant - Thursday, February 20, 2014 - link
Ethereum is also using a hybrid PoW/PoS for mining and looking to the community to come up with a better idea on how to keep mining at the CPU level.ImSpartacus - Wednesday, February 19, 2014 - link
If cryptocoin miners cared about profit, then they wouldn't be mining. It's an obscenely risky investment. Individuals are not smarter than the market. There's no beating the market in the long run.And yet, individuals still try to mine. We see this in the record prices for AMD GPUs.
Since we're dealing with individuals that really aren't thinking straight to begin with, I think it's very reasonable to expect the DopaMINE to satisfy a sufficient market need.
martyrant - Wednesday, February 19, 2014 - link
There's insane prices on GPUs and shortages still because it IS profitable, sometimes extremely so. Obviously the market is dictating that right now, else you would sell a mass exodus of cards for below MSRP in an attempt to recoup a loss. Pretty sure used 7950s were still going for nearly $400 just the other day.There isn't just money in Bitcoin, there's money in marscoin, peercoin, namecoin, doge, panda, sexcoin, florin, whatever the MARKET dictates that day/week.
Obviously this is revolutionary and most people don't even understand the big implications of the underlying invention of Bitcoin--the great thing isn't that we can send money flawlessly without a third party and without insane fees now (though that's nice, and why people flock to it)--the blockchain, or distributed asset ledger, allows for much greater things to be built down the line (distributed autonomous organizations, anyone?)
The Von Matrices - Wednesday, February 19, 2014 - link
I completely agree. While the media continue to focus on it as a currency, the truly innovative part of Bitcoin is its usefulness as a protocol, and that is what will cause Bitcoin to grow in popularity. Bitcoin is as important as the Internet. It reminds me of the 1990s where when people thought of the internet all that came to mind was BBS, and now today we have rich web interfaces, social media, video sharing, computer gaming, etc.The Von Matrices - Wednesday, February 19, 2014 - link
You're confusing mining and investing. You don't need to invest in order to make a profit mining. Many of the people I've met with large numbers of miners convert to conventional currencies immediately. In that case the only risk is that the hardware become worthless, which is a minimal risk considering that the graphics cards still have value for non-mining situations. If the currency completely fails, your risk is only a short period of profits (usually a day) .GhostMop - Wednesday, February 19, 2014 - link
The chassis reminds me of the Silverstone FT02 which I use for my gaming PC.R3MF - Thursday, February 20, 2014 - link
likewise.Subyman - Wednesday, February 19, 2014 - link
Heck with using it for mining, I want one for my gaming PC. It certainly looks unique!ingwe - Wednesday, February 19, 2014 - link
I have no interest in mining, but it looks like a pretty cool case.I would never buy it, but it looks cool nonetheless.
atean - Wednesday, February 19, 2014 - link
I use Xilinx Virtex-7 FPGAs for mining.Notmyusualid - Thursday, February 20, 2014 - link
Very cool product.Could be useful for 'password recovery', and some other GPU compute task.
But a year too late to market for coin mining. Its all FPGAs & ASICs now. Really.
And if you were to continue with GPUs, then you might still waste your time in the Americas / Europe (especially Denmark), best to come to Thailand where electricity is cheap. Almost half the price....GPU mining might still work here, but for how long? Difficulty rises all the time...
Death666Angel - Thursday, February 20, 2014 - link
For SHA256 cryptocoins maybe, but scrypt based ones are still superior on GPUs. There is one ASIC chip I'm aware of that does ~1/10 the hash rate of a 7950 (60KH/s vs 600KH/s) but costs 100USD.ET - Thursday, February 20, 2014 - link
There are a few ASICs on the way which promise a lot better rate than GPU's. For example Alpha Technology's Viper 5Mh/s at under 70W and 25Mh/s at 300W. The days of GPU mining are numbered.cryptomarket - Thursday, February 20, 2014 - link
I have been wondering lately if the overly high rates of new coin release every week are actually sustainable from a mining perspective. Will the release rate eventually exceed the supply of miners willing to put the money down to start? Will a processing power crunch eventually create a dire situation for all of the cryptocurrencies? For more insight please go to crypto-market-news.weebly.comMrSpadge - Thursday, February 20, 2014 - link
6 GPUs, well cooled and accessible, in a case which is far cheaper than any "professional" solution. This could be a game changer for any GP-GPU or PCIe-Accelerator number cruncher, who doesn't need to fit the boxes inside racks. There is a market for this outside *coins.Fenton - Thursday, February 20, 2014 - link
Did anyone proof read this before hitting publish? The chassis is interesting, but the writing is dreadful. It is genuinely hard to read as every paragraph is riddled with issues.Ian Cutress - Thursday, February 20, 2014 - link
Please email me your concerns - [email protected]Fenton - Thursday, February 20, 2014 - link
To be honest an email shouldn't be necessary, just read the piece through. If you can't see the numerous glaring errors then perhaps writing isn't the career path for you.A few of the low points:
"With the ups and downs of cryptocurrencies like Bitcoin, Litecoin and Dogecoin now part of the zeitgeist; notable trends are starting to happen."
"Up until this point, finding ways in which to place your GPUs can be tricky – this is especially true if you are in a limited space environment."
"At least three of the regular editors here at AnandTech are casually involved in mining to various degrees of success, including me – I am running a few systems at around a dozen cards, which can be quite noisy and generate some heat."
"The early bird versions are currently $200 each, with the main run will cost $250 – this includes shipping within the US, add $50 for international shipping."
Anandtech is a great site, you need to up your game because currently your writing is a reason not to visit it.
Ian Cutress - Thursday, February 20, 2014 - link
These read fine to me. Are you sure it is not a case of you not being accustomed to British English? Or in fact that all of those sentences use non-period pauses to continue themes in the same vein. I am more than amenable to criticism and proposed guidance, although email is a preferred format.arkcom - Thursday, February 20, 2014 - link
"With the main run will cost" is not quite right, but everything else looks ok.aggiechase37 - Thursday, February 20, 2014 - link
Looks fine to me too. I think this guy probably entered some of his writing when you guys announced that you were looking for writers, and now is lashing out. That's how it "reads" to me anyway.Iketh - Monday, July 7, 2014 - link
There are actually several errors in the quotes, but I think he is also referring to the overall elementary level of writing which makes the article difficult to read. I have offered my services to proofread for this site in the past, but it went unanswered.I am also not sending you an email because I want my efforts known. This is human nature, just like it is human nature for you to request the emails so you may profit from the advice in secret.
-- "With the ups and downs of cryptocurrencies like Bitcoin, Litecoin, and Dogecoin now part of the zeitgeist, notable trends are beginning."
semicolon and wordiness
-- "Up until now, finding ways to place GPUs has been tricky. This is especially true if you are in a limited-space environment."
first half of sentence implies last half is in the past, but was written in present... no need for dash, it is its own sentence... hyphen... wordiness
-- can't rewrite third example because it's unclear if you are included in the three
-- "The early-bird versions are currently $200 each and includes shipping within the US (add $50 for international shipping.) The main run will cost $250."
(hyphen... unneeded dash... sentence fragment)
FentonThedouche - Thursday, February 20, 2014 - link
Lol this guy ^, Grammar Nazi reporting for duty. I believe you have about 1500 additional sites to report in on with far worse grammar than this article.coinminerofold - Friday, February 21, 2014 - link
You can already buy a nice sturdy open air case for half the price.Just search eBay for hashcase