[Update - more pics on Shanghai!] Beijing and Shanghai conference news

[peetah]

Exciting day today. Simultaneous conferences taking place in two cities! Was this planned?

One was by asicminer in Shanghai and the other in Beijing held mainly for the press about hashing hardware. A lot of stuff went on and I will provide more updates as the reports and pics start coming in.

I'll also forward links to btcman forums and translate whatever people might wanna know.

[1611425223]

1611425223

[polarhei]

At last, the race now invoves in the business which cannot be blocked completely...

[dan99]

Exciting day today. Simultaneous conferences taking place in two cities! Was this planned?

One was by asicminer in Shanghai and the other in Beijing held mainly for the press about hashing hardware. A lot of stuff went on and I will provide more updates as the reports and pics start coming in.

I'll also forward links to btcman forums and translate whatever people might wanna know.

Yes we need to know more. Please keep us posted,.

[peetah]

Resident guru discuss fish at the Shanghai conference

After explaining [/showing off] the pros and cons of his debut mining pool, he proceeds to run a mixture of pcb boards in Avalon machines live on stage.

Interesting thing to note that two of the pcb boards are completely made from Avalon chips named Beehive.

A demo was done with a single original Avalon board, then a single Beehive board, a mix of both Avalon and Beehive together. Then to show off the overclocking abilities of new board designs they went to 320 MHz with the new Beehive board. HW rates were kept low perhaps to indicate stability of both the hardware and the pool. The dual board setup reached 48 gigs comfortably.

[peetah]

Correction his handle is 七彩神仙鱼, rainbow angel fish.

[iikun]

Interesting news.  Did the board which reached 320 have standard cooling?

[peetah]

Asicminer announces 800 to 1000T for second half of year finally reaching 1P of hash rate. They also announced the development of a lower nm (maybe 55 or 65) which maybe announced over the next week.

The speakers started with Tencent representative laying the basics for bitcoin. Btc123 forum followed up with in depth explanation on blockchain. Asicminer then took the stage on their share price history. Whole event took about five or six hours.

More news coming in...

[peetah]

Just a heads up, this conference is not like San Jose or any other conference by bitcoin foundation. It is more of a press gathering slash bitcoin fanatic event. Each lasts about five or six hours. I get different figures on headcount but the feeling is that Beijing was more successful with 200 peeps and more press while Shanghai was around 100.

My guess is that a group of people foot the bill for both events, each to their own purposes (suck in more money perhaps? )

[kevinm]

Not a pair of Reebok classics in sight,
fuckin peasants   

cheers
kev

[dogie]

Asicminer announces 800 to 1000T for second half of year finally reaching 1P of hash rate. They also announced the development of a lower nm (maybe 55 or 65) which maybe announced over the next week.

The speakers started with Tencent representative laying the basics for bitcoin. Btc123 forum followed up with in depth explanation on blockchain. Asicminer then took the stage on their share price history. Whole event took about five or six hours.

More news coming in...

Ermm..... so they're going to take the entire network? Even with everyone shipped, that's on a scale like we've never seen and will kill all mining.

[dan99]

Asicminer announces 800 to 1000T for second half of year finally reaching 1P of hash rate. They also announced the development of a lower nm (maybe 55 or 65) which maybe announced over the next week.

The speakers started with Tencent representative laying the basics for bitcoin. Btc123 forum followed up with in depth explanation on blockchain. Asicminer then took the stage on their share price history. Whole event took about five or six hours.

More news coming in...

Ermm..... so they're going to take the entire network? Even with everyone shipped, that's on a scale like we've never seen and will kill all mining.

So How Buy Bitcoin when is low and sell them when is high?

[Gomeler]

Asicminer announces 800 to 1000T for second half of year finally reaching 1P of hash rate. They also announced the development of a lower nm (maybe 55 or 65) which maybe announced over the next week.

The speakers started with Tencent representative laying the basics for bitcoin. Btc123 forum followed up with in depth explanation on blockchain. Asicminer then took the stage on their share price history. Whole event took about five or six hours.

More news coming in...

Ermm..... so they're going to take the entire network? Even with everyone shipped, that's on a scale like we've never seen and will kill all mining.

It is ASICMINER.. they will likely in total produce 1 PH/s of hardware and sell sufficient quantities so as to not risk the chances of a 51% attack.

[peetah]

Urgh.... just got up from five hours sleep...

Beijing was populated with more distinguished speakers. There was an analysis from a vice-dean from the RenMinDaxue university (read: Ivy League ) on the economics of bitcoin. He was to the analysis of the 'hoarding will kill bitcoin'. Then there was an Australian Bitcoin market site showcasing, asicme explaining their hardware.

Specific to this custom hardware forum is asicme which is another Avalon clone company. I believe it's the fourth or fifth of such companies that have propped up recently, except this one is selling pre-orders / vaporware and the others have taken a mainly chips to board, chips to machine service, pricing in renminbi.

Regardless of whether this is a push for pre order money, this is an interesting development as it is the first event marketing approach for asic. (oddly Avalon has yet to do event marketing, but that's cos they don't need it). If this picks up, we might get a lot more event marketing on hardware on this side. With five competitors in the market, I can only foresee a pricewar based on volume... 

[peetah]

Addendum, the vice Dean was also professor of finance.

Some pics of the Beijing conference to come from twitter accounts, but they're not to good, please bear with me until I get more pics.

[peetah]

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[romerun]

any friedcat photos ?

[peetah]

Just some speculation... I find it incredibly odd that two conferences were held at the same day at two different cities. I can't help but suspect that this is how it went down: asicminer had the whole event planned ahead of time. But once they found out somebody was trying to steal the limelight from them with some push for pre ordering vaporware, they got pissed off. It's like a direct challenge to their undisputed no.1 hashing power in the world.

And so, they reached into their deep R&D pockets to pull out a pcb board design from Avalon chips and slipped it into the show. People who get the hint will understand that while others are taking money for vaporware, asicminer already have a finished product that they aren't even bothered to sell yet.

Wouldn't be surprising... where else will they get 1P hash rate without factoring some contribution from Avalon chips?  Who else would be faster at successfully developing clone asic machines from chips? They probably had a batch 1 reverse engineered ahead of time too.

[tidus_13]

They even didn't annonce the day of conference? It was like a random conference?

[tidus_13]

Interesting thing to note that two of the pcb boards are completely made from Avalon chips named Beehive.

what does this mean? the PCBs are made from one company to avalon and asicminer? or the chips are the same? - -

[peetah]

It's only a hundred to two hundred headcount event. I think the main target was the press,  so announcement to the relevant editors was probably made, which allowed the public to catch on later... chips are Avalon chips... not sure why the mining pool didn't demo mining with asicminer blades though, that would have made more sense. Perhaps the pool is geared towards Avalon miner performance?

[eve]

Just some speculation... I find it incredibly odd that two conferences were held at the same day at two different cities. I can't help but suspect that this is how it went down: asicminer had the whole event planned ahead of time. But once they found out somebody was trying to steal the limelight from them with some push for pre ordering vaporware, they got pissed off. It's like a direct challenge to their undisputed no.1 hashing power in the world.

And so, they reached into their deep R&D pockets to pull out a pcb board design from Avalon chips and slipped it into the show. People who get the hint will understand that while others are taking money for vaporware, asicminer already have a finished product that they aren't even bothered to sell yet.

Wouldn't be surprising... where else will they get 1P hash rate without factoring some contribution from Avalon chips?  Who else would be faster at successfully developing clone asic machines from chips? They probably had a batch 1 reverse engineered ahead of time too.

Great they already Reverse Engineer Avalon Asic Chip.

[mrb]

Thanks for this info peetah. Were you present at 1 of the 2 press events? Or are you reading about it online?

[Loredo]

From a game theory standpoint, one could say that what ASICMiner is saying is:

"Look, we have hegenomy in bitcoin.  We will extract a tax of X% (currently around 25%) of the bitcoins generated.  We have the technological power -currently- to defend that tax up to around a total network hash rate of 4 PetaHash.  We have and continue to pay much of that out to our shareholders.

It is in our interest to keep mining competitive, beyond our established position.  If current potential providers of technology fail to provide the products in a timely fashion, we will provide products at a cost that the market can accept, but which will provide users with a rate of return that will not be better than that available to our shareholders."

There is a line from an old Robin Williams movie, Club Paradise, spoken after he secretly sees the plans for his island by powerful interests seeking control:

"We've seen the future, Spunky, and we ain't in it."

[peetah]

Thanks for this info peetah. Were you present at 1 of the 2 press events? Or are you reading about it online?

Nothing available online yet. I believe the major forum platforms are being coordinated with the media for a better impact, so maybe some prep work still needs to be done.

I'm fetching info from Weibo (read: twitter) and QQ groups (read: group chat) as well as over the phone by attendees (read: most unbiased source). I'll try to link up coverage when it becomes available.

[peetah]

Regarding fried cat photos:

No 烤猫 (literally translates to 'fried cat')was not there. 小强 (literally translates to 'little strong')  the representative of asicminer China side (equally reknown over there) was there to give his speech on behalf of asicminer.

[romerun]

nevermind I've found his photo on upon google

[TsuyokuNaritai]

From a game theory standpoint, one could say that what ASICMiner is saying is:

"Look, we have hegenomy in bitcoin.  We will extract a tax of X% (currently around 25%) of the bitcoins generated.  We have the technological power -currently- to defend that tax up to around a total network hash rate of 4 PetaHash.  We have and continue to pay much of that out to our shareholders.

It is in our interest to keep mining competitive, beyond our established position.  If current potential providers of technology fail to provide the products in a timely fashion, we will provide products at a cost that the market can accept, but which will provide users with a rate of return that will not be better than that available to our shareholders."

There is a line from an old Robin Williams movie, Club Paradise, spoken after he secretly sees the plans for his island by powerful interests seeking control:

"We've seen the future, Spunky, and we ain't in it."

We welcome newcomers if you'd care to join us.

https://btct.co/security/ASICMINER-PT
https://bitfunder.com/asset/G.ASICMINER-PT

You might want to hurry though before the next dividend, there's a rush expected, and that's not even taking into account interest from the conference or current bitcoin media coverage.

[ecliptic]

Reminder to anyone thinking of investing in anything you don't PHYSICALLY OWN

http://www.investopedia.com/terms/c/counterpartyrisk.asp

[ecliptic]

Also a friendly reminder there is a massive target on the back of Asicminer for any government(s) that wish to take a bite out of bitcoin, especially in china where bitcoin is illegal

[eve]

[TsuyokuNaritai]

Reminder to anyone thinking of investing in anything you don't PHYSICALLY OWN

http://www.investopedia.com/terms/c/counterpartyrisk.asp

Indeed. The pass-through operators are generally highly trusted, but anyone concerned about this should buy direct shares in the auction section, using escrow.

Also a friendly reminder there is a massive target on the back of Asicminer for any government(s) that wish to take a bite out of bitcoin, especially in china where bitcoin is illegal

OFFICIAL RESPONSE FROM FRIEDCAT

2. Cryptocurrencies or mining of virtual currencies are OK. Exchanging them for fiat is less OK but the legal risk is mostly on the exchange operators' side. However as everyone knows, the policy in China is never predictable so there is indeed risks in the future. We have been considering and coping with this uncertainty from the day our chips passed the test and are on the start of building offshore company structures.

Edit: Bitcoin has also been given fairly positive coverage on Chinese state TV:
https://bitcointalk.org/index.php?topic=194937.0
http://www.forexminute.com/bitcoin/china-loves-bitcoins-7723

[mrb]

especially in china where bitcoin is illegal

Bitcoin is not illegal in China. At worst, it is in a grey area of the law.

[dan99]

especially in china where bitcoin is illegal

Bitcoin is not illegal in China. At worst, it is in a grey area of the law.

is not if it is legal or illegal, they can come anytime, do you think they need a search warrant? unpredictable unless
you know the communists officials very well, but over there is based on hierarchy. so it comes to know who you know.

May be Friedcat can help promote the liquidity and usefulness of bitcoin in creating massive e-commerce websites in china
or promote them widely so that they are popular in China as a medium of exchange.

[Bitcoinorama]

Asicminer announces 800 to 1000T for second half of year finally reaching 1P of hash rate. They also announced the development of a lower nm (maybe 55 or 65) which maybe announced over the next week.

The speakers started with Tencent representative laying the basics for bitcoin. Btc123 forum followed up with in depth explanation on blockchain. Asicminer then took the stage on their share price history. Whole event took about five or six hours.

More news coming in...

Ermm..... so they're going to take the entire network? Even with everyone shipped, that's on a scale like we've never seen and will kill all mining.

It is ASICMINER.. they will likely in total produce 1 PH/s of hardware and sell sufficient quantities so as to not risk the chances of a 51% attack.

Yes at prices no one would realistically consider, that in effect equal the total sum of Bitcoins earned for such device over the perceived duration of usage to line the pockets of ASICminer, whilst ensuring they minimise any competition from the products they sell. Sweet deal!

[Bicknellski]

Asicminer announces 800 to 1000T for second half of year finally reaching 1P of hash rate. They also announced the development of a lower nm (maybe 55 or 65) which maybe announced over the next week.

The speakers started with Tencent representative laying the basics for bitcoin. Btc123 forum followed up with in depth explanation on blockchain. Asicminer then took the stage on their share price history. Whole event took about five or six hours.

More news coming in...

Ermm..... so they're going to take the entire network? Even with everyone shipped, that's on a scale like we've never seen and will kill all mining.

It is ASICMINER.. they will likely in total produce 1 PH/s of hardware and sell sufficient quantities so as to not risk the chances of a 51% attack.

Yes at prices no one would realistically consider, that in effect equal the total sum of Bitcoins earned for such device over the perceived duration of usage to line the pockets of ASICminer, whilst ensuring they minimise any competition from the products they sell. Sweet deal!

How very Microsoft / Sun Micro Systems of them or Monsanto... take your pick.

[bigyear]

Po主是张路吧。。。看了你的weibo

[peetah]

不是，我是转发的，有更多信息或照片欢迎分享

Also please use English if you want to contribute!  If not... then I guess I'll have to translate?

[Bitcoinorama]

Asicminer announces 800 to 1000T for second half of year finally reaching 1P of hash rate. They also announced the development of a lower nm (maybe 55 or 65) which maybe announced over the next week.

The speakers started with Tencent representative laying the basics for bitcoin. Btc123 forum followed up with in depth explanation on blockchain. Asicminer then took the stage on their share price history. Whole event took about five or six hours.

More news coming in...

Ermm..... so they're going to take the entire network? Even with everyone shipped, that's on a scale like we've never seen and will kill all mining.

It is ASICMINER.. they will likely in total produce 1 PH/s of hardware and sell sufficient quantities so as to not risk the chances of a 51% attack.

Yes at prices no one would realistically consider, that in effect equal the total sum of Bitcoins earned for such device over the perceived duration of usage to line the pockets of ASICminer, whilst ensuring they minimise any competition from the products they sell. Sweet deal!

How very Microsoft / Sun Micro Systems of them or Monsanto... take your pick.

+1

[Foofighter]

thanks for the infos here to OP!

[Lohoris]

Also a friendly reminder there is a massive target on the back of Asicminer for any government(s) that wish to take a bite out of bitcoin, especially in china where bitcoin is illegal

FUD, lol.

[peetah]

Sneak peak.
http://bbs.btcman.com/forum.php?mod=viewthread&tid=4447&extra=page%3D1&mobile=2

And no I don't know what that incredible looking device but I'm just as desperate as you to find out. Except it's midnight over here.

[peetah]

My bad... totally forgot about their login requirement. Here are the pics.


 Free Image Hosting by imgbox.com

[peetah]

Courtesy of 小雪, i.e. little snow forwarding twitter from @葛鑫的传媒.

This is a snippet of Shanghai conference. Expect more to come.

[romerun]

Are these internet aliases, or they are common names for Chinese ?

[peetah]

Are these internet aliases, or they are common names for Chinese ?

Aliases. I'm only bothering with the more influential names. In case I miss another fried cat translation.

[innovation]

不是，我是转发的，有更多信息或照片欢迎分享

Also please use English if you want to contribute!  If not... then I guess I'll have to translate?

The top two pictures is taken from my weibo in Chinese http://weibo.com/ILoveBTC2013.  
I attend the salon in Shanghai.

 Tomsin ,  http://t.qq.com/tomsintung
 laomo-BTC123.com ),
 xiaoxiong-Caoxg
神鱼bter- f2pool.com
rockxie  http://weibo.com/rockxie

express their thanking about bitcoin.

[Foofighter]

looks like a bundle of 5 Blades?

[iANDROID]

looks like a bundle of 5 Blades?

V 2.0?

[innovation]

looks like a bundle of 5 Blades?

V 2.0?

It is not new products.
acisminer has 3 new products, ie new blade(10GH/S, which can not be overcloked), mini blade(5GH/S)  and usb miner.

[erschiessen]

looks like a bundle of 5 Blades?

V 2.0?

It is not new products.
acisminer has 3 new products, ie new blade(10GH/S, which can not be overcloked), mini blade(5GH/S)  and usb miner.

Pricing, availability, etc?

[innovation]

looks like a bundle of 5 Blades?

V 2.0?

It is not new products.
acisminer has 3 new products, ie new blade(10GH/S, which can not be overcloked), mini blade(5GH/S)  and usb miner.

Pricing, availability, etc?

 It is sured that the price will be lower than 1st generation product and the size will be smaller.There is no more information about price.
More details may be release by friedcat himself. I am just a man attend the salon.

[innovation]

The price fo acisminer shares is rocket-soaring from 3.4 or 3.5 BTC  before salon to 4.26 btc.

May be the price will rocket-soar again after friedcat annouces the release of 3 new products.
Then the dividend will soar too.

[innovation]

looks like a bundle of 5 Blades?

V 2.0?

It is not new products.
acisminer has 3 new products, ie new blade(10GH/S, which can not be overcloked), mini blade(5GH/S)  and usb miner.

Pricing, availability, etc?

About new products's availability: According to the record of friedcat, and unlike BFL,  if new products are in hand, he will release the new products.
Maybe it is ten days later or  twenty days later.
For any accurate information should based friedcat's announcement.
I am just a bystander. What I have said is not your investment's base.

[Dalkore]

Asicminer announces 800 to 1000T for second half of year finally reaching 1P of hash rate. They also announced the development of a lower nm (maybe 55 or 65) which maybe announced over the next week.

The speakers started with Tencent representative laying the basics for bitcoin. Btc123 forum followed up with in depth explanation on blockchain. Asicminer then took the stage on their share price history. Whole event took about five or six hours.

More news coming in...

Plus we can't forget the person who ordered 200K avalon chips.  We are going to see some serious hashrate by end of year. 

[johnyj]

I read sometimes ago that a chinese banking officer expressed interest of controlling part of the hashing power to build bitcoin reserve, and even build reserve hash power in case a 51% attack hit the network (I guess he is using the typical reserve = stability theory from central banks culture)

[peetah]

Finally some pics! Thank god for individual contributions! Props to alex for being at the shanghai conference and sharing with me.

I picked out hardware related pics and screened out the rest, enjoy!



Wide shot of the conference, discus fish on stage


 

avalon

 

blades


 
 
 

Pool demo, hashing at 48 for two beehive PCB boards.


 
 


'Little Strong', ASICMINER representative on stage.

 
 

 

 


 
 


USB sticks for ASICMINER chips

 
 
 
 
 

[peetah]

Some advertorials floating around on sina.com that make reference to the Beijing event. I think I'll await for the official press coverage before posting.

[cchan]

Just edit your OP to announce new information.
I think it'll be better.

[seleme]

From a game theory standpoint, one could say that what ASICMiner is saying is:

"Look, we have hegenomy in bitcoin.  We will extract a tax of X% (currently around 25%) of the bitcoins generated.  We have the technological power -currently- to defend that tax up to around a total network hash rate of 4 PetaHash.  We have and continue to pay much of that out to our shareholders.

It is in our interest to keep mining competitive, beyond our established position.  If current potential providers of technology fail to provide the products in a timely fashion, we will provide products at a cost that the market can accept, but which will provide users with a rate of return that will not be better than that available to our shareholders."

There is a line from an old Robin Williams movie, Club Paradise, spoken after he secretly sees the plans for his island by powerful interests seeking control:

"We've seen the future, Spunky, and we ain't in it."

We welcome newcomers if you'd care to join us.

https://btct.co/security/ASICMINER-PT
https://bitfunder.com/asset/G.ASICMINER-PT

You might want to hurry though before the next dividend, there's a rush expected, and that's not even taking into account interest from the conference or current bitcoin media coverage.

You mght want to hurry because AM share holders would LOVE to dump some shares at 4 BTC+ per one to you. Youmight want to do it before next dividend as it will be 1/2346789123456 of dividends you'd need to me ROI after buying AM share.

Hurry up, it's amazing opportunity.

*Disclaimer - it could really be an amazing opportunity as you never know, there's always enough idiots around who might buy your share for 7-8 BTC per piece.

[TsuyokuNaritai]

You mght want to hurry because AM share holders would LOVE to dump some shares at 4 BTC+ per one to you. Youmight want to do it before next dividend as it will be 1/2346789123456 of dividends you'd need to me ROI after buying AM share.

Hurry up, it's amazing opportunity.

*Disclaimer - it could really be an amazing opportunity as you never know, there's always enough idiots around who might buy your share for 7-8 BTC per piece.

You've been playing this tune for a while. Back when ASICMiner had a share price of .84, you said it was worth 0.02 per share.

https://bitcointalk.org/index.php?topic=159194.msg1844709#msg1844709

[peetah]

Just edit your OP to announce new information.
I think it'll be better.

Like this? More advice appreciated

[Bitcoinorama]

You mght want to hurry because AM share holders would LOVE to dump some shares at 4 BTC+ per one to you. Youmight want to do it before next dividend as it will be 1/2346789123456 of dividends you'd need to me ROI after buying AM share.

Hurry up, it's amazing opportunity.

*Disclaimer - it could really be an amazing opportunity as you never know, there's always enough idiots around who might buy your share for 7-8 BTC per piece.

You've been playing this tune for a while. Back when ASICMiner had a share price of .84, you said it was worth 0.02 per share.

https://bitcointalk.org/index.php?topic=159194.msg1844709#msg1844709

But he is right, dividends at 0.025btc a share would take 5.4 years to ROI.

A blade and erupter USBs will never ROI. Customers are just handing over coins they could have bought but will never see again just to make ASICminer more dominant.

The initial ASICminer customers banked a lot, now ASICminer is already too powerful an entity in Bitcoin.

It's potentially their relinquishing of the 25% of the produced coins that is currently suppressing and lowering the BTC value. They have enough power to manipulate the currency's price and the only one benefitting is Fried Cat.

[Syke]

Interesting thing to note that two of the pcb boards are completely made from Avalon chips named Beehive.

A demo was done with a single original Avalon board, then a single Beehive board, a mix of both Avalon and Beehive together. Then to show off the overclocking abilities of new board designs they went to 320 MHz with the new Beehive board. HW rates were kept low perhaps to indicate stability of both the hardware and the pool. The dual board setup reached 48 gigs comfortably.

Most people are running their stock Avalon boards at 350 MHz, so 320 is quite disappointing.