Here is the Translation:
4. grilled cat foot I must say a few words.
I was an early investor in the stock cat roast, grilled cat is the first to use the mining machine mining beneficiaries. I roast cat technical control, since April 2013, the company and the industry to control mistakes again and again, mistakes continued to the front foot.
2013 Spring Festival, grilled cat 12.8G mining machine to come out, chips, production, improved model has been no mass production.
In 2013, the roast cat holds a lot of wealth, huge amounts of money to establish a liquid-cooled mine, although interesting but certainly lose money. Some people argue that within the team into the 28-nanometer, the board did not pass.
2013 8--9 months, the currency price of around 1300, when the cat roast sold 20,000 coins, ready to develop 40 nm. November 55 nanometer chip BM1380 bit continent advent swept the global market, there is a small episode, we BM1380 the wafer (length and record the same, but the seal, the outside can not see is the wafer) in the courier warehouse stolen gone, the thief did not know what, along with tea together next away, and later found in the dumpster, sawed, and can not use, we lose tens of millions.
Early 2014, the cat roast 40 nanometer tapeout, we have developed 28-nanometer tapeout until early April. Avalon month later than we taped. In late April, the cat roast samples arrived, very good argument, grilled cat has not been resolved to the mining machine from the chip manufacturing process, began to sell chips, then there were minor strong mining machine, dragonflies t-east mining machine, mining machine garden etc. , but until the end of June, the East t in the industry production of the first batch of baked chip mining machine cat, other generation business are still struggling to develop and test. In mid-July, we started to sell large S3, the previously mentioned production of 20 million units. This generation of generation of business losses roast cat and the cat roast directly related to the development process has been constantly jump pit. Chip package in the tank, and the temperature another job Chips. Roast cat generation chip really fight, and under a massive wafer, but the delay is not developed it. Later these chips made of roasted and grilled cat cat pipe prism, small miners forum, but who bought a batch of roast cat mining machine, with miners words, it is the old worry about. Prism nominal 1.4T, 1.1T can go pretty good, but power consumption is much higher than the standard to be, and failure continued. Later that every time we publish mining machine, friends have asked me, can not go to so much, I say never vacuity bit continent.
Here revisit the story, 28 nm is rather special, it is all just march. There is a small parameter, we ignore, leading to higher chip power consumption, Avalon day before tapeout discovered the problem, urgent revision, the change will take more than a month, mining areas, time is actually money. iphone6 many chips are 28nm, TSMC also, we have to grab their capacity.
July 2014, the mainland get bit sampling parameters slightly lower than expected, but still very good arguments. Then we did a version, 28 nanometer part of a custom library, Sept. cast film, which is BM1384, the main models for the S5. Roast cat into the development of the next generation of course, but we all know he has twenty thousand Dollars But it is his personal money, of course, risk can not be used, it should be financing or borrow (pure speculation), but not directly to the cat roast lot cast film, but made a MPW. Silicon chip to two months, he made a MPW (that is to test the chip can not, the number of chips small, but mpw be very cheap) is tantamount to a waste of two months.
In January 2015, he got the cat roast chip, this chip is really good ah, 1T also more than 300 watts, but this time we S5 volume production, and we have completed the construction of large-scale mine in Sichuan. But Bitcoin has been diving, grilled cat models or 40 nanometers, struggling to put the chip into a mining machine inventory and cooperation of third-party mines reportedly cut away the cat roast operator force, as mines and roasted cats scores, here I do not know do not say, anyway, he did not count the cat roast forces, and these forces by the operator Xiaoqiang AMhash and calculate the force it has been sold, the cat roast force to pay for these benefits to be considered Users of these two forces cloud platform operators, their chips, although very good, but money seems to cast film scene is not good. Internal and external, keep on fighting, defeated, unusually cold this winter, the most unlikely of grilled foot of the cat lost contact.
Let me say a bit continent, although once the price we S5 1700, but there are still some profits, and we have the first two generations of capital reserves, we are moving steadily, at every step, we do not sell hosting to their own mining machine inside the venue. March 2015, PACMIC V1 launch, and users to share our mining revenue, of course, we have to return the money. From the beginning to now, mining difficulty average increase of 1% each, Bitcoin mining is one of the few in the history of the golden age. bitbank pine flower show, haobtc Wu Gang, both at the beginning of the procurement us a lot S5, today, S5 price remained at around 2600. Bit mainland listing plan has already started, is expected to log on Nasdaq two years.