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Author Topic: What happened to ASICMiner's dominance?  (Read 1242 times)
xstr8guy (OP)
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September 13, 2013, 02:15:19 AM
Last edit: September 13, 2013, 03:15:24 AM by xstr8guy
 #1

I guess the same could be said for Avalon as well.  These 2 companies had the world by the balls when they were the only game in town.

http://www.asicminercharts.com/live/

20TH/s seems kind of sad these days compared to Bitfury's 160TH/s.

https://ghash.io/

I'm sure friedcat has something up his sleeve but it seems they just may be to late to the 28nm game.
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September 13, 2013, 02:22:38 AM
 #2

I'm sure the actual hash rate is much higher but you cant dispute the power savings for the Bitfury, they are substantial.
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September 13, 2013, 02:24:42 AM
 #3

Asicminer has fallen behind, as there is a great deal of competition now. When they were dominate, there was not nearly as many ASIC designs out there.

However it's not 'over' by a long-shot. The company is still in a great position to maintain a sizable chunk of the mining network. Even today they are a fantastic deal for their dividends, paying over a 40% yearly annual return, making buying Asicminer shares a good alternative to mining in this super-chaotic period of change over to all-ASICs.

For Asicminer's future, a lot depends on the next month when new mining gear comes online, and hopefully around the end of the October, when the gen 2 design is revealed. Asicminer does have the knowledge and resources to pull off something impressive.

Friedcat recently purchased some forum advertising spots so there's a lot of anxious people waiting to see what that will be about, including myself...

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September 13, 2013, 02:37:33 AM
 #4

Asicminer has fallen behind, as there is a great deal of competition now. When they were dominate, there was not nearly as many ASIC designs out there.

However it's not 'over' by a long-shot. The company is still in a great position to maintain a sizable chunk of the mining network. Even today they are a fantastic deal for their dividends, paying over a 40% yearly annual return, making buying Asicminer shares a good alternative to mining in this super-chaotic period of change over to all-ASICs.

For Asicminer's future, a lot depends on the next month when new mining gear comes online, and hopefully around the end of the October, when the gen 2 design is revealed. Asicminer does have the knowledge and resources to pull off something impressive.

Friedcat recently purchased some forum advertising spots so there's a lot of anxious people waiting to see what that will be about, including myself...
Bitcoin ASIC manufacturers competitions can be likened to:

A single swimming pool of water where each manufacturer is trying to suck liquid from the pool with an ever bigger motor.

ASICMiners pump is sucking at 20 gallons a minute while BitFury pump is doing 160 per minute.

Which means that most of the wealth of BTC is being sucked towards BitFury.

BFL's pump is just broken and they hired a moron to put in the pump. The moron filled the pool with liquid nitrogen and people are passing out in and around the pool with some falling into an abyss of poverty. Don't run that pump of poverty!

http://www.youtube.com/watch?v=Jo48hsby1RQ

xstr8guy (OP)
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September 13, 2013, 03:11:22 AM
 #5

Asicminer has fallen behind, as there is a great deal of competition now. When they were dominate, there was not nearly as many ASIC designs out there.

However it's not 'over' by a long-shot. The company is still in a great position to maintain a sizable chunk of the mining network. Even today they are a fantastic deal for their dividends, paying over a 40% yearly annual return, making buying Asicminer shares a good alternative to mining in this super-chaotic period of change over to all-ASICs.

For Asicminer's future, a lot depends on the next month when new mining gear comes online, and hopefully around the end of the October, when the gen 2 design is revealed. Asicminer does have the knowledge and resources to pull off something impressive.

Friedcat recently purchased some forum advertising spots so there's a lot of anxious people waiting to see what that will be about, including myself...

Thanks for the detailed reply.  I don't keep up with the securities forum as its not my area of interest.  So I'm lacking knowledge of AM's new mining hardware.  They should keep us posted in the custom hardware forum because I don't really want to sift through 600+ pages (!) to learn about their gen 2 miners.  Lol.
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September 13, 2013, 03:20:16 AM
 #6

They're also not living up to their promises: https://bitcointalk.org/index.php?topic=282910.0

chriswen
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September 13, 2013, 03:20:43 AM
 #7

Asicminer has fallen behind, as there is a great deal of competition now. When they were dominate, there was not nearly as many ASIC designs out there.

However it's not 'over' by a long-shot. The company is still in a great position to maintain a sizable chunk of the mining network. Even today they are a fantastic deal for their dividends, paying over a 40% yearly annual return, making buying Asicminer shares a good alternative to mining in this super-chaotic period of change over to all-ASICs.

For Asicminer's future, a lot depends on the next month when new mining gear comes online, and hopefully around the end of the October, when the gen 2 design is revealed. Asicminer does have the knowledge and resources to pull off something impressive.

Friedcat recently purchased some forum advertising spots so there's a lot of anxious people waiting to see what that will be about, including myself...
Bitcoin ASIC manufacturers competitions can be likened to:

A single swimming pool of water where each manufacturer is trying to suck liquid from the pool with an ever bigger motor.

ASICMiners pump is sucking at 20 gallons a minute while BitFury pump is doing 160 per minute.

Which means that most of the wealth of BTC is being sucked towards BitFury.

BFL's pump is just broken and they hired a moron to put in the pump. The moron filled the pool with liquid nitrogen and people are passing out in and around the pool with some falling into an abyss of poverty. Don't run that pump of poverty!

http://www.youtube.com/watch?v=Jo48hsby1RQ



nice analogy
Bicknellski
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September 13, 2013, 05:43:30 PM
 #8

Asicminer has fallen behind, as there is a great deal of competition now. When they were dominate, there was not nearly as many ASIC designs out there.

However it's not 'over' by a long-shot. The company is still in a great position to maintain a sizable chunk of the mining network. Even today they are a fantastic deal for their dividends, paying over a 40% yearly annual return, making buying Asicminer shares a good alternative to mining in this super-chaotic period of change over to all-ASICs.

For Asicminer's future, a lot depends on the next month when new mining gear comes online, and hopefully around the end of the October, when the gen 2 design is revealed. Asicminer does have the knowledge and resources to pull off something impressive.

Friedcat recently purchased some forum advertising spots so there's a lot of anxious people waiting to see what that will be about, including myself...
Bitcoin ASIC manufacturers competitions can be likened to:

A single swimming pool of water where each manufacturer is trying to suck liquid from the pool with an ever bigger motor.

ASICMiners pump is sucking at 20 gallons a minute while BitFury pump is doing 160 per minute.

Which means that most of the wealth of BTC is being sucked towards BitFury.

BFL's pump is just broken and they hired a moron to put in the pump. The moron filled the pool with liquid nitrogen and people are passing out in and around the pool with some falling into an abyss of poverty. Don't run that pump of poverty!

http://www.youtube.com/watch?v=Jo48hsby1RQ



nice analogy

I would say it is a bit forced but ya it gets the point across well enough.


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