There are 400 000 shares of ASICMINER... Each worth ca 0.60 BTC... 400000*0.6 = 240 000 BTC which is (today at 48usd/btc rate) = 240000*48 = 11 520 000 USD Am I correct here?  My question is: How much is the equipment owned by ASICMINER worth? Your calculations are correct. But what makes ASICMINER worthy is not its assets (equipment), it is its future gains (mining revenues). One share is currently worth 15 Mhash/s (only 6 Th/s are deployed). It will soon be worth 30 Mhash/s (as soon as they finish deploying the first batch of 12 Th/s). And it will later be worth 125 Mhash/s (when they reach 50 Th/s total). At these hashrates, one share would respectively mine about 0.05, 0.1, and 0.45 BTC per month at current difficulty. Therefore, if as an investor, you must compare the share price (ca. 0.6 BTC) to these short term revenues to estimate whether it is likely or not that you will recoup your investment. Personally, if ASICMINER had 50 Th/s deployed today, I would be very confident that a share is worth at least 0.6 BTC. But given that they are extremely slow to deploy even the initial 12 Th/s, and the uncertain timeframe as to when 50 Th/s will be up and running, I consider 0.6 BTC/share to be overpriced, therefore a risky investment. But that is just my opinion. I tend to be conservative. Other investors might think differently. |
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No need to reboot. Just flush the disk cache. Something along the lines of: dd if=/dev/zero bs=1024k count=4096 of=/dev/null
usually does the trick. This has pretty much no effect on the buffercache (kernel knows /dev/zero does not need caching, and dd will use at most 1MB of resident memory). What will drop it is (as root): $ echo 3 >/proc/sys/vm/drop_caches
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BFL will eventually deliver. They are merely (very) late, not a scam.
Know what, even if they deliver, tomorrow, they're still a fat fucking scam... No. They may be incompetent in giving time estimates. You may personally dislike the fact they refund the USD value instead of the BTC value (but regardless of what you think, this is standard practice for merchants when pricing goods/services in currency X while the customer pays in currency Y). But these facts alone are not sufficient to make them scammers. It is pretty obvious for long-time observers they have been working their asses off for months to try to deliver as soon as possible. They have no interest in intentionally delaying. The more they delay, the more customers ask for refunds. And refunding (giving back to customers the full device's USD selling price) is more costly than delivering (the device's manufacturing cost is lower than its selling price - that's their margin). |
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I said it was a scam as well, but forum moderator "psy" saw it fit to delete my post. Seems to go in line with this forums policy to protect and promote scans.
Funny how the whole libertarian freedom thing goes out the window once you go against the moderator's personal veiws.
BFL will eventually deliver. They are merely (very) late, not a scam. Perhaps you do not know their history as a successful FPGA vendor. |
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Common dude, BFL make this game of preorders since their FPGA era - 2011. As far as i know they didnt deliver any FPGA, even the existence of that prototype is not clear.
You are beyond silly. I personally have many BFL FPGA Singles mining right now. Hundreds of people have FGPA singles. No one doubts their existence. |
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Pics of chips != ready to ship
You initially replied to "chips should be getting shipped off to the packager Saturday". And they have been shipped to the packager, because the picture shows packaged chips. |
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kaerf, what on earth are you trying to do? Your stats look fine. They report 67 Ghash/s. 3439 getworks indicate cgminer works on shares of an average difficulty of 428. There is no need to recompile cgminer.
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cypherdoc: no, this does not change anything. In fact 240V halves the amperage, so using even thinner gauge cables is possible.
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I would add, to use the thickest gauge 3-prong you have if a choice is given. I have seen some really thin ones and I would rather not read about a fire due to a broken sheath. I have some server grade ones waiting for my units.
This should never be a problem. You can use any of the vast majority (99%+) of cables with a C13 connector on the market, shipped with computer equipment, as they are at least 18AWG, which is rated 8A (derated). This is 960W at 120V which is sufficient for the Avalon which consumes only 620W (825W with 4 modules). |
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The final assembly looks very simple. I could make 10 an hour if all the parts and such were ready to go.
No you could not. Too many screws would require more than 6min per Avalon. Tell you what, as soon as I receive my units, I invite you to my house and give you 2 hours to practice. If you can assemble one in less than 6min, you win 25 BTC. If not, you give me 25 BTC. Deal? That would be a faster way for me to win 25 BTC rather than waiting to solve a block  |
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LOL CHECK THIS DUDE OUT IN OCTOBER OF 2012 HE DREAMS ABOUT BFL ASIC UMBOXING:) IN 2 -3 WEEKS
7 MONTHS LATER MARCH 2013 NOT EVEN BFL HAS A WORKING UNIT
If you want to communicate properly, it would help if (1) you corrected your maths: 5 months not 7, and if (2) you STOPPED SHOUTING please. |
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BTC Guild started setting up a new server this morning running modified block rules. Currently trying out a 500,000 byte maxblocksize. The problem is with larger blocks, you increase the chance of orphans since it will take at least twice as long to propagate, if not more. I've modified the fee settings to prefer fee based transactions when increasing the block size past 50 KB, so hopefully the increase in fees per block offset the orphan rate increase.
What do you mean you have modified the fee settings? Were you not doing what the Bitcoin client has always been doing? In other words: 27kB for storing high-priority transactions (regardless of the fee), and the remainder of the block always preferring fee-based transactions. And I don't care for satoshi dice. Let them move to litecoin or ban them from spamming the network and my harddrives.
Well. I am partaged on what to think about satoshidice. On one hand they pollute the block chain, but on the other hand they do help stress-test bitcoin's technical limits in the real world relatively early in its history. |
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opentoe: true, your history is not suspicious. But there have been reports by forum moderators of random bitcointalk.org accounts getting hijacked (via password bruteforcing, etc) and used by scammers in any way to run their scams. Bottom line, I do not trust your (or your friend's) claims. Perhaps you simply misunderstood the technical details of what your friend is doing (eg. as others pointed out he may have FPGAs, not ASICs). I'm mining using an ASIC. Code name Juniper. It is an Application Specific Integrated Circuit manufactured at TMSC Taiwan using their 40nm process, and includes 1 GB of memory on it's custom-designed circuit board too.
Obviously, "ASIC" in the context of this thread means a Bitcoin ASIC, not any ASIC such as GPUs, CPUs, etc. |
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How do you see the growth? I remember it was 31 Thash/s ca the day of halving and it's still the same. Am I missing something?
Hum, no. The 7-day average before the halving was 27 Thash/s, but now we are at 35 Thash/s. See: http://bitcoin.sipa.be/speed-lin.png |
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Updated OP with ASICMINER's 167 Mhash/J number.
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Yep - only 3 PSUs left |
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My co-worker said he has a home made BTC miner with ASIC chips. Everything is done he said except programming it. I'm not a programmer, so I don't know what he means by "programming it" but are there any people here that can help him out? He and his friend bought all the parts/chips from China already. Have the board all done and casing and just needs programming done. His friend's family is into an electronics business and was able to get their hands on ASIC chips according to what he said because of those connections. He told me things about a J-tag USB identifier and all stuff that doesn't make sense to me. If you want to maybe help in this little project, let me know and I'll pass on his contact information to you. I think they have parts for about 20 inits. That's all they wanted to build I guess.
Why do you not let "your friend" come here to the forums to ask for help? It sounds like "your friend" is incredibly resourceful and lucky if he managed to get his hands on "ASIC chips", to design a PCB, and even has cosmetic details like the casing done, but yet he is incredibly bad at knowing where to reach for help (this community / forum) to finish the "programming"? No company sells mining ASIC chips yet (maybe ASICminer in the future, but not today). I think you are a con artist who invented a ridiculous and implausible story to hope to attract developers and con them to pay to get a "development board" to "finish the programming"  |
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I speak as a miner who has been making decisions (mining/buying/holding/selling) since when the whole network was ~100 Ghash/s... and I have told you this before, but you grossly underestimate how fast the network is going to grow in the next few months and years. "2x per year", yeah right. For reference, the network's mining speed was growing by 100x every ~6 months when GPUs were introduced. Yes. Not 2x, but 100x.
(I also think you overestimate BFL's ability to ship in merely 4 months IMHO). Because of that I don't think that anybody can assert with good confidence that one of the options is definitively more profitable than the other.
CPU to GPU was also when bitcoin started to get noticed by the entire community, so it's not really a fair comparison. I think the estimates of a 10x to 40x increase in hashrate from the first BFL shipment are more likely, and maybe doubling per year after that. We're just going to double when Avalon actually arrives. ASICMiner is going to do something similar to that. unknowns. You are in for a big surprise... BFL's first 100k chips are only the tip of the iceberg. A low steady increase of 2x per year after BFL ships this amount would be plausible (1) if the BTC exchange rate stayed mostly constant; (2) if competition between ASIC vendors had stabilized; (3) if there was a point in the near future where we could imagine demand stop outstripping supply; and (4) if ASICs had reached the current 28-32nm process node with no more obvious room for improvement. But none of these points are true. The exchange rate increased 5x-6x year over year from March 2011, to March 2012, to March 2013. There are only 3-4 ASIC designers in a vastly under-supplied market. The most advanced ASICs (BFL) are only 65nm. |
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