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Re: [ANN] NODE Haven - ASIC Miner Development March 11, 2018, 01:38:51 AM

Last edit: March 11, 2018, 02:03:36 AM by NODEhaven #19 Thanks for the encouragement. NODE Haven feels very strongly about our mission and I have been full-time on this project since December 2017. It has been a lot of fun building this from just an idea to where it stands now. It has also been very lonely work at times, but we have pushed through each successive barrier and have bootstrapped everything to date. We understand what is at stake and have been working very hard to do the project justice and successfully relaying our message to the community.



Most of the other advanced node projects we have been informed of are being done by private groups that are producing ASICs that will only be used within their facilities. As Bitcoin price rises the incentive grows for these private companies to mine with their own ASIC rather than distribute them to the public. Also, the ASIC manufacturers that are profit-driven will be selling the equipment based on ROI rather than Cost+%. This means even if they do sell when BTC price rises as expected, the ROI will be diminished. NODE Haven will never mine with equipment outside of testing before the token holders receive their equipment.



Our goal is to allow you to compete with ASIC manufacturers that also mine by giving the latest technology at or below Cost+10%. This is accomplished using a set of equations that is the Product Development Vehicle (PDV). The cost per miner will also get lower over time due to storage of profit in the PDV from unreserved miner sales. The profit from outside sales will pay for part of the miner driving the cost per miner reserved with NODE token lower than the cost to produce the miner. Please refer to the whitepaper for details on the PDV.



I have an engineering and finance background, so if there is any trouble understanding how this works I can post a base-case or you can come visit us on SLACK or Telegram and I can walk you through it. I consider the PDV to be just as innovative as the any chip we will develop. In addition, we will also be releasing a roadmap and be transparent about our upcoming projects. The 7nm BTC ASIC is only the beginning. We plan GPUs, LTC as well as other algorithms. We also have our sites on 5nm BTC ASIC and with that coming possibly by 2020. All of which may use the same controller and machines as the hash-boards will be interchangeable.



We understand that you want a NODE Haven prototype and barring the cost we believe we have the next best thing. Our team has successfully developed multiple commercial Bitcoin miners. As a requirement, any technical group that we teamed up with would need to show extensive experience in taking the Bitcoin ASIC and moving it to the most advanced process node.



That is why we chose to team up with Advanced Semiconductor Technologies LTD who was the first to produce 28nm BTC ASIC, 20nm BTC ASIC and the 16nm BTC ASIC. There are more developments, but these we have permission to disclose. Their reputation is at stake and NODE Haven isn't taking this lightly.



As far as funding, we were initially approached back in December by VC funding to take a private route with the project. We decided against that because it would perpetuate problems that exist within the industry. The issues we are addressing are the result of centralized companies controlling a decentralized crypto-currency's hardware. By taking the the VC route they would have required us to seek maximum profit by mining with equipment before releasing them to the public. Our idea was to give the token holder that value in a construct very similar to the consumer co-operative rather than the principals and investors of VC/Private equity firm.



The whitepaper and Medium articles outline how the PDV token sale allows us to focus on making products cheaper, more reliable and at the highest performance without profit-motive. The margin between the production/allocated engineering per miner and the market price of the equipment is stored in the token rather than a share holders pocket.



As an update, we have added two more advisors a couple of weeks ago and are currently finalizing paperwork with 3 other advisors. Those 3 advisors are part of a group that includes an Ex-CEO of electronics manufacturer that is currently working 16 blockchain projects.



The two added advisors are:

Pranav Mathuria - Senior ASIC Engineer currently at Google

Magnus Dufwa - Software and SmartContract Developer



We will disclose the other advisors soon. Thanks for your interest and together we will Empower the Blockchain.