the facts are AM chips are 3rd rate.. something that will soon be in rigs that will shortly be powered down - right out of the gate.
0.554 J/Gh at 11.52 Gh/s is not 3rd rate at all. That's why you refuse to back up such claims with actual facts - because the facts will show that you're talking out your arse. For example, Spondoolies chip consumes 0.58 J/Gh at 7.5 Gh/s.you are comparing a spec on chip alone to a spec within a working miner. please, continue to delude yourself. Nope, they're both specs for the ASICs, not miners. |
|
|
|
the facts are AM chips are 3rd rate.. something that will soon be in rigs that will shortly be powered down - right out of the gate.
0.554 J/Gh at 11.52 Gh/s is not 3rd rate at all. That's why you refuse to back up such claims with actual facts - because the facts will show that you're talking out your arse. For example, Spondoolies chip consumes 0.58 J/Gh at 7.5 Gh/s. |
|
|
|
not at all, just making an observation. fanboys and bum-buggerers will always be fanboys and bum-buggerers.
there are better spec chips out there.
I'm neither a fanboy nor a "bum-buggerer" and have been extremely critical of AM in the past. I also didn't say that they've got the best chip out there, I pointed out that your claim that everyone else has better chips was simply nonsense. |
|
|
|
Adding other components loss about 1KW/Thash
Tips:this result is not very accurate just for reference.
i'm not going to get into a 'who's got a bigger ....' argument. Look around for yourself. Yeah, but AM is selling chips, not miners. You can compare other companies miners all you want, that's irrelevant to AM. You need to compare the actual chips. You said that AM's chips had a higher power consumption than everyone else's and refuse to back up your claims when asked, that's just spreading FUD. |
|
|
|
Based on this post, the ASICMiner Gen3 chips are around 1W/GH, which is nothing special. The pricing is barely competitive with current Bitmain, Coincraft clone, and Spondoolies-Tech offerings. If this is what current shareholders were banking on to lift the share price, I think you better take off the rose colored glasses and think again.
That's not for the chip, that's for the whole miner. The miner isn't an AM product, only the chips are and if people are making miners, they've already bought the chips. |
|
|
|
Lastly (and this is the big one for me) there is a LOT of legacy financial software and they have limits on the scope of values that can be entered, including exchange rates. Most accounting software can't handle exchange rates for Bitcoins either in Satoshis or in whole Bitcoins.
Then the logical thing to do is not to use such software rather than butcher bitcoin in the hopes you'll be able to use such software with it. |
|
|
|
thats what i mean, common people dont use measurements
Yeah, when people are redecorating and buying new funiture and stuff like that, they just have wild guesses at sizes instead of actually measuring things. digressing away from common slang and going back to the rebuttling the OP, most people prefer bottom up measurements
0,1,2 instead of 0 tenth of 10, 1 tenth of 10, 2 tenth of 10
Which is why they have no problem using SI units. You're defeating your own arguments, old timer.  |
|
|
|
Renaming "microbit" to "bit" is pure insanity.
I see it more like dollars vs bucks. That will be a buck thirty eight. That will be a bit thirty eight. If bits is used as a colloquial there isn't anything that prevents someone to be more formal and write out uBTC. It isn't so much an issue with metric. The issue with US conversion of metric has less to do with SI prefixes and more to do with a need to change base units. Americans are comfortable with gallons, feet, ounces, etc. If it far easier to memorize that a kilogram has 1000 grams and a kilometer has 1000 meters than try to remember all the insane conversions (how many ounces to a cup, pints to a gallon, pounds to a ton, etc). It was the change in the base unit which was "fought". American bashing aside (which is always popular), most Americans use SI prefixes everyday, and many do it without even knowing. Kilobytes, Megahertz, Killowatt hours, etc. Some people already call uBTC microbits. Why is this so hard for some people to understand? It's like me proposing that we call a cent a dollar. Do you think that would be a good idea or a completely stupid idea? |
|
|
|
The term "bit" is an excellent equivalent for "meters". A bitcoin would be the full measurement of bits. A satoshi would be 100 bits. But in day-to-day talk, we would talk about bits. "This cold beer cost me 25 bits!"
So no. It's not US ignorance.
a bit will be 100satoshis hahaha! yeah. Like the guy insulting Americans was saying, I'm ignorant! I guess I could call it an "error de dedo" though! I wasn't insulting Americans. They *are* ignorant of the metric system and SI units. That's not an insult. Everyone is ignorant about of a lot of things. Ignorance doesn't mean stupid, it just mean lack of knowledge. If you don't know about some topic then you are ignorant about that topic. |
|
|
|
its pronounced WTF
if you have not read yet, the consensus is showing that
mBTC (0.00010000)
uBTC (0.00001000)
are top down measurements. which are not future proof and thus only temporary and will cause confusion later. Only ignorant Americans think that the SI units are not future proof. ubtc mbtc.. milli and micro are terms of mathematicians and science.. you need to remember that the 'common man' needs things simplified and made comparable to other things they use in life The common person outside the US uses the milli prefix everyday. They start to learn this in infant school when they learn how to use a ruler to measure things. Examples: A regular sized can of Coke is 330 ml A small bottle of Coke is 500ml Pasta'n'Sauce uses 280ml of water and 120 ml of milk. Carpenters use millimetres to measure things. Medicines quite often contain micrograms of active ingredients. |
|
|
|
I agree. I am ignorant. So what is the equivalent of kilometers, (or kilometers if you wish)? Kilabitcoins?
That would be kilobitcoin which people would then likely shorten to kilobit, which could be rather confusing. For some reason though, people tend not to use prefixes for large amounts of currency so most people would simply say 1,000 bitcoins rather than kilobitcoin and 1,000,000 bitcoins rather than Megabitcoin. |
|
|
|
its pronounced WTF
if you have not read yet, the consensus is showing that
mBTC (0.00010000)
uBTC (0.00001000)
are top down measurements. which are not future proof and thus only temporary and will cause confusion later. Only ignorant Americans think that the SI units are not future proof. |
|
|
|
It is pronounced as microbitcoin .
mBTC is pronounced as millibitcoin
Of course it is officillay microbitcoin. I'm asking how you would actually say it in a conversation. |
|
|
|
Millibits (mBTC) and microbits (uBTC) are already used. If you want to use whole numbers, just use Satoshis and stop trying to force this US ignorance of the metric system on the rest of the world.
Renaming "microbit" to "bit" is pure insanity.
Let's look at the other side of this argument. Suppose everyone was talking kilometers. "Wow, I'm home from work, tired, and I have to walk 0.000032 Kilometers to the fridge to get a beer!" That's what's happening now with bitcoin. Instead we have the concept of "meters", and go up and down from there. The term "bit" is an excellent equivalent for "meters". A bitcoin would be the full measurement of bits. A satoshi would be 100 bits. But in day-to-day talk, we would talk about bits. "This cold beer cost me 25 bits!" So no. It's not US ignorance. Nonsense. The term "bitcoin" is already directly equivalent to the term "metre". Your example just shows that this is US ignorance. Nobody in their right mind would say 0.000032 km, they would say 32 millimetres. How the hell do you walk 32 mm to get to your fridge? |
|
|
|
|
How do you pronounce uBTC?
|
|
|
|
|
Millibits (mBTC) and microbits (uBTC) are already used. If you want to use whole numbers, just use Satoshis and stop trying to force this US ignorance of the metric system on the rest of the world.
Renaming "microbit" to "bit" is pure insanity.
This poll is incredibly flawed.
|
|
|
|
The price can only go higher if things aren't somehow derailing due to something completely unforeseen.
well, if chips are being sold for $ which are then converted to BTC and distributed as dividends, the price of BTC going up (potentially) will have a downward force on dividends, thus on share price. Infact, I remember reading here, last year, friedcat or someone else saying "miners make only sense to be priced in bitcoins", which makes sense since they will produce bitcoins... Why are they being sold for dollars now? AM isn't selling miners, it's selling chips and as Canary pointed out, it costs dollars to produce those chips |
|
|
|
Estimates over in the other thread suggest 100 PH to be sold over next 3 months, profit of on average $0.5 / GH. That's $50 million USD, or 125 USD / share, so 0.25 BTC/share.
If that's paid out once per week over 3 months (12 weeks), then that's 0.021 BTC/share/week dividend, on average. That's around what they were paying when share price was at it's highest, and a factor of about 300 higher than the last paid dividend.
Of course, that makes several key assumptions:
1) That they really deliver 100 pH in the next 3 months
2) That profit really is as high per GH as assumed in the other thread
3) That all the profit is paid out as dividends rather than kept for re-investment into further projects
Reality will likely fall somewhat short.
Those 3 months include this month so it's basically the next 10 weeks. As for the profit, Friedcat stated that the cost per Gh was less than $0.2 on the wafer and that the cost to purchase chips would be $0.49 - $0.99 per Gh depending on the size of the order. Does anyone know how much the packing per chip would cost? Also, Jutarul said: The dividend schedule will be aggressive, as AM will not require large sums of retained capital. The rationale is that AM doesn't need to invest large sums into infrastructure and that the majority of chip production costs will be covered by the business partners on a contract schedule. |
|
|
|
The whole immersion cooling issue is a question I have been asking for months... the first whispers of the whole thing coming together were released my Asicminer, then you see videos by Allied Control coming out about it, then 3m videos about it. I REALLY want to know what, if any part, asicminer owns as this technology is going to be HUGE in the bitcoin world. If my ownership of Asicminer is not going to see me profit off of the technology, I am going to need to look into where to invest to capture those profits... anyone can make an asic, but very few people can set up a cooling system like that (patents, technology, etc).
ASICminer didn't invent immersion cooling, it's been around for ages. |
|
|
|
|
Show Posts
