Zeusminer Thunders After Innosilicon In Scrypt ASIC Race With 5/20 Ship Date

May 7, 2014 22:35 UTC
Zeusminer Lightning will start shipping 5/20

Zeusminer is offering Scrypt ASIC miners ranging from a few MH/s up to 72 MH/s.  They originally promised to deliver by the end of Q2 2014, and Zeusminer has today announced that they will exceed that goal.  Zeusminer plans to ship out the first 500 paid orders between 5/20 and 5/25 with the pace of shipping picking up even more after that date.  Zeusminer, along with many other Scrypt ASIC companies, have also announced intentions to offer hosting for customers who have “nagging wives” that don’t want miners causing noise pollution in the garage or basement; Zeusminer will be partnering with GAW Miners to utilize their datacenter.  If you listen in on Zeusminer’s video, you’ll see just how loud it can get in the mines.

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[dropcap size=small]Z[/dropcap]eusminer Scrypt ASICs are available in bulk orders and also in units that cost as little as $199 plus shipping.  Zeusminer is dedicated to providing ASIC solutions for altcoin enthusiasts of all levels, though some question the profitability of these Scrypt ASICs.  The ASIC miners are burnt in for a full 24 to 48 hours before they are packed and shipped out. The ambient temperature in their burn-in room is 50 Celsius, or 122 Fahrenheit, far in excess of normal operating temperature for the average end customer. Zeusminer also promises that their packaging will be such that even the most heavy of abuse from UPS couldn’t cause damage. Such problems plagued a Bitcoin ASIC shipment of one of Zeusminer’s competitors: KnCMiner, whom recently shipped out a batch of unusable “Super” Jupiters.

In testing, Zeusminer has been able to get the blades up to as high as 17 MH/s but will be shipping them as is with ~12.1 MH/s.  Another prototype board with 16 chips is shown hashing comfortably at 4.3 – 4.4 MH/s.  This means that each one of Zeusminer’s Scrypt ASIC chips hash at approximately 0.275 MH/s for under 4 watts.  Zeusminer plans to focus on assembly, packaging, and shipping, while deploying a smaller team to test and optimize the blades in terms of power consumption and efficiency, and total hashrate that optimized together increase overall profit.  Once Zeusminer has shipped its miners it will release a firmware update to increase the hashrate on each blade from ~12.1 MH/s to something higher.  Zeusminer’s Lightning, which is being shipped at the promised 72 MH/s, will likely hash at upwards of 90 MH/s once it is updated.

In the video, we see Zeusminer’s CEO Terry leads viewers through a tour of Zeusminer’s assembly factory located in Shenzhen, China. Terry even reveals a heap of alumnium heatsinks from a previous cooling design that they’ve since decided is untenable given the pace of rising difficulty in Litecoin. In fact, the difficulty is rising in the hundreds of Scrypt altcoins in existence. The difficulty rises because more efficient hardware enters the network, likely due to the dissemination of the first generation of Scrypt ASICs manufactured by Gridseed.  For the last few months, Scrypt ASICs in the form of dualmining USBs and also Gridseed blades have spread across the world and slowly started to force GPU miners to switch to altcoins.

Check out Zeusminer’s video below.  Terry has promised higher quality video is coming in the next few days.

Zeusminer’s full update can be found here.

Competitors

Innosilicon is the only other Scrypt ASIC company with a set ship date. KnCMiner and Mining ASICs Technologies have both promised to deliver by the end of 2014. Fibonacci will begin deployment of their Scrypt ASICs sometime in July or August. Alpha Technology is currently awaiting their chips, which have already been taped out.  Alternatively, Gridseed Scrypt ASICs like the dualminer USB, and more recently the Gridseed Blade, are also available for purchase right now from Chinese manufacturers and also American re-distributors.  Other Scrypt ASIC companies include Bliss, Flowertech, Alcheminer, and SiliconArt.  The Scrypt ASIC race is heading into its final lap as “vaporware” becomes hardware running software and backed by firmware.  It is refreshing to see completely new companies arise from the dust and successfully raise funds in a pre-order fashion and keep the promises made to customers.  The entire Digital Currency community is eager to see the effects of Scrypt ASIC dissemination on the overall health of the altcoin community, particularly the Litecoin and Dogecoin communities.

Last modified: July 7, 2014 14:38 UTC

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