Hi i just recived this news letter, sounds horribel for homemining. Any thoughts?
(Bitcoin Brothers Logo)
Berlin, 04 FEB 2015
Hello Everyone - from Bitcoin Brothers in Berlin!
Thank you for subscribing to our newsletter or entering your interest in mining capacity in our database after our first press release in November. We were astonished and happy to see over 700 petahash of capacity interest entered in the first week after the press release; by now it stands at over 1.6 exahash, and keeps rising.
This is our first newsletter and update, addressed to both groups, to keep you informed about how things are shaping up – and to give you some assurance some good things are happening, too!
Surely you followed the news about the recent temporary drop in Bitcoin value and its impact on mining operations on the blockchain around the globe. While it led to various shutdowns of pools and cloud miners, it also painfully illustrates the increasing need for efficient platforms still running profitably even at low margins and Bitcoin values well under $200.
Common sense has suggested it for a while: current mining hardware running the blockchain and their makers are a temporary solution, and will be replaced sooner rather than later. The demise of two more well-known 1st-generation mining hardware makers of standalone home-mining boxes confirms this trend, as well as the exit of various cloud mining operators.
Mining has now become a market for long-term investments in infrastructure, which benefits both miners and provides a scalable platform for the transaction growth of the blockchain --- be it for Bitcoin, Internet-of-Things (IoT) authentication and communication, smart contracts, or many other applications.
We feel the current developments are an affirmation of where we are going with our MSEMs (Massive Super-Efficient Machines), their use, and our plans.
The blockchain needs reliable engines to sustain growth, and this infrastructure needs to run efficiently, meaning: lots of hashing power at low cost. We are building this infrastructure, and have a long-term vision for it.
We also believe in transparency, and not in “cloak & dagger” or “stealth modes” -- as much as it is prudent for a business relying on breakthrough technology and a leadership gap in hardware solutions and business concepts. Both Bitcoin and the blockchain profit from open source and transparency – it is one of their main advantages, so we follow the same objective.
The services running on our MSEM supercomputers will bring you the best of two worlds: the cost advantage of the economies of scale (running huge machines in large datacenters sucking hundreds of megawatts), while also bringing true decentralization back to miners, without having to run their own equipment: you have full control over your slice of the blockchain!
We use a proven and reliable manufacturing process of large volume: think German Engineering and Efficiency, paired with the cost-efficient production in Asia. We apply the same concept to high-tech operations to run the business in daily operations.
We build our supercomputers, ASICs, and complimenting hardware with a well-established, successful global production line (of over 16 years) from design to full products, used by most German automakers for complex CPUs in their high-tech cars, by global players in the medical field (such as Siemens and GE), and others, producing over 275 million ASICs per year (i.e. over 5 million every week). The millions of our ASICs just add on top of that (256,000 per each MSEM). The same applies to the supporting hardware and components to make our supercomputers.
The lower the cost for us to build and provide the infrastructure, the lower the cost of mining is to you.
While we feel it is too early to announce any pricing or terms, yet, we can give you a ball-park number: you will be able to mine each Bitcoin for well under $100 each, and we are able to sustain this advantage against rising difficulty. More details to come as we get nearer to launch.
We continue to pursue our goals without distraction, and are well on our way:
- to be the first company with 1 exahash on the blockchain,
- making hashing a scalable and affordable commodity for rapid growth,
- providing a solid, banking-grade secure, global blockchain infrastructure,
- and distributing the control layer to millions of miners, pools, and transaction operators.
On the long run, we will provide you with “Tier-1” infrastructure for the blockchain, and expand into various crypto-security uses with our specialized ASICs.
In the short term: giving you by far the best deal for Bitcoin Mining without the risk of having to buy, own, and operate any hardware yourself.
Stay tuned for our next newsletter!
Many regards from Berlin,
@BitcoinBrothers on Twitter
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