What do they mean that something is wrong with the chips? Is this AMs chips??
Testing boards are arrived,one BE200 on each,but we found that there were something wrong with them, some of components bought from Huaqiang North market can't work normally.We are working hard on this,more info will be given out soon.
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Alright, old guard, we've done this all before. Who's getting ready to increase their wealth again?
It's always a joy to see your posts in the Speculation sub-forum. |
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I'm slightly perplexed about this whole scenario. The new chip is without doubt a good idea, especially for the DIY crowd, but what I can't fathom is why prospective buyers would want to use these chips when their manufacturer has made it abundantly clear that they want to sell huge amount of them to 'mining operations with large PCB making capacity'? Surely this is going to dilute any potential future earnings - small players can never hope to compete on economies of scale here, and remember that $0.5/GH or thereabouts is only going to be available to 'huge' volume users.
What an actual system will cost to make will be a lot more.
The net result will be that the network hashing power will go through the roof, and only the big operators will be able to survive.
Comments?
Some will have access to the appropriate tools and setup to be part of a group buy, get some chips, assemble, and get their miners online before the competition. They're betting that with the initial low cost, they will be ahead of the large scale DIY manufactures, who need to order massive amounts of parts, assemble, and deal with shipping, customer service, and etc and still make a profit. Plus with KnC, CoinTerra, and HashFast going their current paths, what other alternatives do miners have? |
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We(RockMiner) are just a large buyer to ASICMINER, and will/can not benefit by an indirect discount via my "board member" identity like I cooperated with ASICMINER before.We will purchase chips with the same price as other large buyers. Of course I am not saint, I hope we can buy chips with cheaper price, but you known FC is upright like Germanic people, there is no way to do this. We trust FC since 2012 and I think he deserves our trust in future. As I known he is doing his best as he can for ASICMINER, and contributed all his time for this project, he did not even have time to go home during the Chinese New Year holidays, do you really think FC will hurt ASICMINER shareholders?
ASICMINER will rise up,and RockMiner will rock you.
Thanks.
Awesome and much needed post - would like confirm from the FC however. I'm curious if friedcat suggested that he post this, so it shows that BitFountain/AM will not be biased to any large scale buyer... |
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Planning 6 months out in the bitcoin world is nearly the equivalent of planning 6 years ahead in the outside world if you ask me. Ignoring that, friedcat working with Allied Control on the cooling system shows long term thought. It will not be long before ASIC's hit the wall of the current state of chip development, and miners compete not on hardware, but on electricity and cooling costs.
Iceland and Washington state are going to be huge in the next 5 years.
It doesn't mean BitFountain just be a "R&D > Deploy > Enjoy Good Times > 'Mining Famine' > R&D" and repeat. Less than a couple years ago, people thought ASICs weren't feasible and the thought of developing something that was more efficient than an AMD GPU was crazy. ASICs still has quite a ways before it reaches current CPU sizes (~22nm). DeathandTaxes had a post back, talking about BTC ASIC vs. CPU. While everyone is clamoring over Gen 3, here's something to consider: Using BitcoinClock as an estimate, the next having will be on 2016-08-25 (very likely sooner). Based on that timeline, we're looking at maybe 1 or 2 ASIC generations before it's down to 12.5 BTC a block? Preferably, it'd be nice to be ready for that. |
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friedcat, What are you doing now?
In the bitcoin world, time is the money and competence, you have wasted much time to despair the investor.
AM has paid out 6x IPO prices to investors. It's not his fault if you overvalued share prices. No other company allows the every day forum crawler to join in on profits, remember that. |
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Honestly, I'm surprised why people aren't demanding more about Gen 4/5 R&D or what the 5 year road map is (especially with the next block halving). A flawed metaphor perhaps but thinking that "next gen ASICs" is the only big payout seems a lot like "living paycheck to paycheck." Ideally, AM grows beyond that.
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ASICMINER should rethink their approach here, and sell the chips to the highest bidders as well as mine for themselves. AMEN TO THAT. That would eliminate any favoritism towards Rockminer and insider dealings. Openly sell off batches of chips in auction format. Do you remember the big AM divs of ~0.038 BTC/share last year? That was when we were auctioning off blades at 50 BTC a pop, while mining full force. The auction format is perfect. +1, I am also for transparent auction format, great idea ! Jutarul, please, address that on the next board meeting. This is the best solution what i heard here in past several weeks. Agreed. I'm all for auctioning off the units and getting the highest return possible. This way we ensure that everyone gets a fair chance not just first come first serve but those that want them the most will be willing to pay the most. Best case scenario for the shareholders While this may largely benefit shareholders, there is one thing that separate AM from other manufactures: sustained, long-term Good will from the BTC community. Getting max profits fast is nice but at the heavy cost of miners turning away. Look at KnC, Avalon, etc. We're here for the long game, not just to line our pockets once. |
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I was expecting some more news to be released by now.. am I the only one?
I don't know if it's kosher for me to post this but there is: Granted, this post (initially on 03/31/14 @ 12:33 AM CDT) WAS deleted so there may have been spec/detail changes in links. So I must say with this re-post: THE SPECIFICATIONS MENTIONED IN THESE DOCUMENTS MAY NOT BE FINAL, THUS SUBJECT TO CHANGE. LinkAgain: THE SPECIFICATIONS MENTIONED IN THESE DOCUMENTS MAY NOT BE FINAL, THUS SUBJECT TO CHANGE. EDIT: I really hope I didn't screw anything up by posting this... |
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It's been paid: 0.000065/share.
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So about Gen 4 or Gen 5 R&D...
Heh, seriously a good question This generation of ASICs is starting to fill out (via AM, KnC, BitFury, Avalon, etc) but I wonder if the 40 nm chip will last us until the next block halving. If so, is 3 years enough time for R&D for next gen to maximize ASIC efficiency when it's 12.5 BTC a block? |
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So about Gen 4 or Gen 5 R&D...
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I was kinda hoping for some dust this week. Guess I am disappointed.
Look, rockxie was in a rush to get that IPO in. That means he really wanted to get that first batch of chips. With that first batch sold out, we're looking at around 4000 BTC or about 0.01/share in the coming weeks. Just gotta wait with baited breath... |
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This is the second time in a row.
Once is an anomaly, twice is a coincidence, thrice is a pattern.
I don't like when patterns start shifting, it is worrisome.
He used to pay out dividends on Thursday, when they were heavily deploying Gen1 hardware. |
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It seems that Rockxie is essentially saying that they're open to allowing a RM passthrough, but not necessarily handling one themselves. I've contacted Havelock to see if they'd be interested in hosting it. I figure that it would be do-able, depending on the demand.
Hope that I'm not stepping on your toes here, minerpumpkin-
I'm sure many others are thinking of the same thing here but it's fairly certain that if there is a PT, it would be run by Havelock themselves. They now have the capital to maintain one and anyone who's interested in doing so will have to offer a very tempting incentive that would have them think otherwise. |
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Today I was even more secure about my investments with you after reading the posting at cryptostocks. I purchase more shares today and believe in your profit potential, just wish I could afford more. Tell me how a project can claim to pay dividends when their website is not functioning. Then you have mining stocks pop up and stop trading within weeks. Can you say scam?? I did what you suggested in another post, and been running whois at godaddy.com and you are correct about how long these sites have been around. Most of them registered their domains just a few weeks ago. I like to finish by saying, I love your honesty in the posting, and clever how you don’t mention specific companies, yet I was able to figure them out. BTW here is a link to the post https://cryptostocks.com/announcements/1179This seems like a shill account just saying The main account and shill account were created within hours of each other, just think about that. |
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This is actually a duplicate, mods please delete.
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I trust Abro, I believe in Abro. I am Abro. I know I do not need to send Bitcoin to help Abro succeed because Abro is beyond success but there are many who have yet to reach that realization. It is one thing to intellectually fathom it, another to have the success of Abro through yourself become second nature.
Therefore I will allow others to send me bitcoin, even though it in fact lowers my current experience of Abro, as personally benefitting from it monetarily is the antithesis of Abro, I will suffer so that others can achieve the experience.
My address: 1H1tCG9EMZ8DnBF9BoBD4K6EHii6btVPLz
Do not praise me, I am just a martyr on which the foundation of Abro will be built. All will be revealed shortly, and all who doubt Abro will be smitten, and will regret the day they passed the Great Opportunity.
Thank you Abro, and thanks to anyone who may join in the experiencing of Abro by sending me bitcoin, any amount exponentially increases the part of Abro that is within us all.
It's posts like this that makes me glad to have MPOE_PR around... |
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Just a quick annual summary:
Since Feb 28, 2013 until Feb 26, 2014, ASICMiner has paid out over the past year:
Total: 220,909.62 BTC
Per Share: 0.6135/Share
Average Weekly Payout: 0.0118/Share
For those that bought in at 0.5/share last Feb and early March, you got your ROI plus some.
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