Author Topic: Fibonacci.io Scrypt ASIC - Questions & Info. - Its bigger on the inside.  (Read 1099269 times)

Offline jasinlee

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Fibonacci Scrypt ASIC Miners
www.Fibonacci.io




The sites shares and sales in a "nutshell":

in a nutshell https://litecointalk.org/index.php?topic=2702.msg109620#msg109620


If you find a bug or have a technical issue non customer service related, please send an email to [email protected]. with your account info and issue. All previous support requests will be cleared first, then this system will be used from now on.

Side Project: https://litecointalk.org/index.php?topic=12567.0 Open Source PCB for all ASICs

Github:
https://github.com/losh11/aura-asic

The main unit we will be selling is affectionately named the Axiom. Proof of work should be complete this week if all the parts we order arrive, we are going to distribute the information as it is completed. This includes the datasheet and any information that would not reveal our methods of completing our IP. Technical questions are welcome on this thread, we will answer the ones we are comfortable with becoming public information.

Our goal is to help build up the LTC community. We have several projects rolling at the moment to do this, some of which will launch this week. And in the next few weeks.

Q&A

1. Do you plan on taking pre-orders?
A: Originally we had not planned to accept pre-orders as there was no means of exit for the investors. As a result, we have produced an exchange so that users can sell their unwanted orders if they decide they do not feel like waiting. So yes, we will be taking pre-orders on 3/17/14 6PM EST. This will be for the samples that we have been told should be complete in July (This is the estimate we have been given, not a guarantee.)

2. What speeds/hashrate/power/heat/ram size/model/etc will we be using?
A: Recursion miner at ~8 - 11 watts each chip @ 14mhs per XMH purchased.

3. How will all these questions be answered?
A: Glad you asked! Well we are going to release an instruction manual for LTC ASIC development. There is not much documentation on how this is done, we discovered to our eternal pain and torment, so as our devs produced the code....they did some writing and took notes along the way on relevant items that were never mentioned in the open fpga project.

4. Can I have one free to test?
A: For now, probably not, we are not rich and we have done all the funding for ourselves up to this point. And a mans gotta eat. One cannot live on bbq coins alone. We will release the information needed to modify the miners to be able to use our ASIC if it becomes necessary.

5. SCAMMM!!!???!?!?
A: If you think we are a scam please direct your money we have not asked you for toward any other upstart project currently running. I hear NVC might be worth a look.

6. When will the Production units be sent out?
A: We cannot be sure until a stable speed at our desired target is achieved at a consistent rate and once a viable competitor comes to market.

7. OMG Moderated thread, you must be running a scam.
A: Derailing posts, and users unwilling to read the OP, if you feel like trolling I will usually reply to you anyhow....but when I get tired of idiocracy someone will probably delete your posts, so lets only troll within reason.

8. Scrypt ASIC, Seriously?
A: Yup.

9. How long have you been working on this project?
A: Its been about a 1.5 years.

10. Will you provide a PCB design for the users that purchase just chips once you begin shipping units rather than hosted mining?
A: Yes, it will be available in advance open source with gerbers, support (when we have time), and debugging and updates (when we have time).

11. Will you ship out massive amounts of miners to everyone and ruin the network?
A: We will ship directly, hosted mining is no longer required.

12. What price will you be charging for your miners?
A: We are calculating the prices based upon the $ per kh/s ratio.

13. What is the hash rate and power consumption of the chips?
A: Our conservative estimates are 8-11 watts.

14. OMG Your prices are higher than GPUs, SCAM!?
A: How much power does it consume? Heat? We will be tweaking the design so it may change a bit but we created a miner that consumes under 5 watts and is faster than your gpu. Power costs will recoup in the long run vs any gpu. But that just depends on your situation. If that is not enough to make you buy one I recommend not purchasing one.

15. OMG no way thats too expensive!?
A: We will be creating several variant boards, they will range from a single chip to 32 chips (we may create more too) so please keep your jimmies un-rustled.

16. What are the model names for the units? LTC Prices include the discount.
                                                                     BTC                    LTC
  • 1XMH.  Fibonacci Recursion                                      $400    0.04 x 8650   = $346
  • 18XMH. Fibonacci Axiom                                         $7200    0.04 x 162000 = $6480
  • 36XMH. Fibonacci Epsilon                                      $14000    0.04 x 315000 = $12600

17. Is your asic an Hardcopy or Fastpath based ASIC?
A. No, we spent this past year creating a chip that is a full custom ASIC.

18. Will you be charging for shipping?
A. No, it is included in the price.

19. Will you be charging VAT?
A. In most countries we can simply state no, we have our engineering team in Germany so they can ship directly. And most other countries we will simply absorb the cost.

20. Will you be limiting the amount of chips 1 person can purchase?
A. We successfully limited orders at initial sale so everyone had a chance to buy a miner at reasonable price (Including taking cache at a discounted rate) and now will no longer limit sales.


22. How long until we begin receiving dividends?
A. Chip Dividends will be distributed once we begin testing the units, the time period in between us receiving the ASIC and starting hashing should only be about 2 weeks.
XFH dividends will be paid out automatically based on how many shares you purchased and accounting for profits per chip sale.

23. How much rack space is necessary to host the units?
A. 1U will hold between 150MHs - 200 MHs.

24. Will you be matching KNC's Titan in $/khs.
A. Yes, we had already figured in a large margin for just such an occasion. Each miners speeds will be increased to match the $/khs rate. In relation to their claims of faster and faster miners, we will not constantly keep updating everything to match them on paper. We will simply state that our speeds will meet theirs on hashrate and shipped miners. This really is not as difficult as people seem to think it is.

25. If I have 1 XMH is that the equivalent to 1 recursion?
A. Yes.

26. Do you accept refunds?
A. Yes, we will issue refunds to users who verify their account information. We will issue the coins back to the user provided address of whichever coin they paid in initially.

Informational Video on Fibonacci Project: http://www.youtube.com/watch?v=jiprgb9Yxds&feature=youtu.be
ASIC DATASHEET: PNG for simple viewing.

For those that want full resolution: http://imgur.com/8ASgVod,GnCan8w,d2NiTX7,u12NGhy,7GlgGs1#0







« Last Edit: August 24, 2014, 08:46:13 PM by jasinlee »

Offline colmex

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Re: LTC FPGA Development - In Progress - News and Questions
« Reply #1 on: April 25, 2013, 04:20:47 AM »
very interested, will keep checking the site.

Offline elchorizo

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Re: LTC FPGA Development - In Progress - News and Questions
« Reply #2 on: April 25, 2013, 04:49:14 AM »
Very interested as well.

Offline Mastergerund

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Re: LTC FPGA Development - In Progress - News and Questions
« Reply #3 on: April 25, 2013, 04:51:29 AM »

 I hear NVC might be worth a look.


I had been following the BTCtalk thread, but this comment made me laugh so hard!

Offline shibaji

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Re: LTC FPGA Development - In Progress - News and Questions
« Reply #4 on: April 25, 2013, 04:58:31 AM »
Great, your post here motivated me to create an account here as well  ;D

Offline jasinlee

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Re: LTC FPGA Development - In Progress - News and Questions
« Reply #5 on: April 25, 2013, 05:10:04 AM »
I will probably keep the official updates here. Seems like this forum needs some people so lets encourage anyone in the LTC community to register here and at Litecoin.ca for the google plus group. Lets get this party started!

Offline VJain

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Re: LTC FPGA Development - In Progress - News and Questions
« Reply #6 on: April 25, 2013, 05:13:06 AM »
I was [lucky/smart] (choose your pick) enough to get onto the ASICMINER back in the IPO stage, and I think I'd be interested in jumping onboard this as well.

Are you going to have an IPO on an exchange? Will it be direct contact to the owner/rep (ie you)? What kind of share / dividend structure are you looking at?

Or is the plan to mimic ASICMINER's setup for the most part?

400k shares (200k owned by the "holding company"), sold at X BTC/LTC a share, weekly dividends (mining profit - overhead - expansion).

Also, where are you based - I notice the litecoin.ca. If it's nearby the Vancouver area, I'd love to contribute more if needed :).

Glad to see this starting up :).
-VJ

Offline jasinlee

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Re: LTC FPGA Development - In Progress - News and Questions
« Reply #7 on: April 25, 2013, 05:31:23 AM »
The litecoin.ca I snatched up a while ago and didnt know what to do with it so I put it to good use :)

As for the IPO, the details are forthcoming soon, we are still looking into it for the present. I am in Florida so a bit aways from you heh.

Offline kimosan

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Re: LTC FPGA Development - In Progress - News and Questions
« Reply #8 on: April 25, 2013, 05:38:09 AM »
Definitely interested.

Have you guys decided on types of payment? Still LTC only?

Offline jasinlee

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Re: LTC FPGA Development - In Progress - News and Questions
« Reply #9 on: April 25, 2013, 05:45:41 AM »
Yeah, we want to bolster LTC. So it will only be in LTC initially anyhow.

Offline hockeyfrissa

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Re: LTC FPGA Development - In Progress - News and Questions
« Reply #10 on: April 25, 2013, 08:04:57 AM »
This is really interesting, also motivated med to create an account here  :) Looking forward for some more info.

Offline etsoberano

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Re: LTC FPGA Development - In Progress - News and Questions
« Reply #11 on: April 25, 2013, 08:59:32 AM »
Definitely interested :D. Hopes that you accept BTC as payment


Offline Passion

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Re: LTC FPGA Development - In Progress - News and Questions
« Reply #12 on: April 25, 2013, 10:48:00 AM »
Yea I'm vry interested too! Let us know the newest progressions in this forum. :)

Offline finalmoney

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Re: LTC FPGA Development - In Progress - News and Questions
« Reply #13 on: April 25, 2013, 05:21:11 PM »
Patiently awaiting and saving!

Offline wizzardTim

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Re: LTC FPGA Development - In Progress - News and Questions
« Reply #14 on: April 25, 2013, 06:17:47 PM »
Please count me in! Sorry for saying this again..

Can I pay with PayPal? Or you will accept LTC or BTC only?

TIA