DataTank Mining: 1.2MW 3M Novec Immersion Cooled 2PH Mining Container

[trek27]

At least interesting and legit.
 

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[Collider]

Thank you for clarifying, looking forward to the news

I have a question:

Assuming one would have limited funds available (duh) at this moment in time, would it be possible to buy B shares (ie without asics) now and pay for the hardware in around 2 months?

This should allow for deployment of hardware within the same timeframe as "normal" A shares.

Would that be a possibility?

[DataTankMining]

Progress Update 23 Jun 2014:

Here is a first progress update since the original announcement of DataTank Mining last week.

• The public sale of capacity units on HavelockInvestments.com has been pushed back (preliminary date Monday July 7, after the U.S. Marshall's  Service Bitcoin auction and the July 4 weekend). In the meantime, early investors may contact us by email.
   
• We are in discussion with a manufacturer to provide ASIC hardware in return for DataTank capacity. This is an unexpected turn of events, but it may prove to be a very important development with the potential to (a) reduce the need to finance chips and outlay required at the time of deployment, and (b) to speed up the production pipeline earlier than expected. We have agreed not to post details before a consensus is reached. How this affects existing and future DTMA holders will remain to be seen when we have results.
   
• We have also received inquires for exclusive partnerships from two different known parties in the mining space, and at least one of them is seriously considered at the moment.
   
Several questions have been raised in regards to the choice of locations. We would like to comment as follows:

• DataTank Mining is not fixed on a specific location (such as the USA) and can deploy in parallel if required, even internationally (minimum requirement for DataTank Mining systems is power feed and internet, deployment of containers can be indoors or outdoors).

• Next to pure electricity prices, consideration is given to other factors such as long term (and political) stability, unrestricted trade and access for staff and also local resources and talented personnel available.

• Average electricity price at DTM's first choice locations is below $0.03, while there are several more locations (including China) available with $0.03 to $0.05/kWh. We would like to hear opinions via email, especially in regards to US or China as locations of choice.

• If you are in Hong Kong for the Inside Bitcoins event, please come say hi on Wednesday June 25 11:00 to 11:45 am, when one of our very own is hosting a panel with mining professionals.
   
Crypto Currency Mining: A 360 Industry Perspective
http://www.mediabistro.com/insidebitcoins/hong-kong/agenda.asp
   
Panelists:

Guy Corem CEO, Spondoolies-Tech (SP10/SP30)
Rock Xie CEO, ROCKMINER/ASICMiner board member
Li Yingfei, Business Development Director, Bitmain Tech (AntMiner)
Mao Shi Xing COO, Yibite & Co-Founder, Discus Fish, f2pool
Marco Streng CEO and Co-Founder, Genesis-Mining.com
Alex Kampl VP of Engineering, Allied Control/DataTank (Moderator)

We also would like to remind everyone that DataTank Mining is NOT offering shares in the company, but units of capacity ("units") of DataTank container mining systems (ie. one unit represents 0.01 Kilowatt (kW). 100 units are one 1 kW block).

Here is a sneak peek at the future of mining (preview video):
http://www.vimeo.com/datatank/mining

[minerpumpkin]

• We are in discussion with a manufacturer to provide ASIC hardware in return for DataTank capacity. This is an unexpected turn of events, but it may prove to be a very important development with the potential to (a) reduce the need to finance chips and outlay required at the time of deployment, and (b) to speed up the production pipeline earlier than expected. We have agreed not to post details before a consensus is reached. How this affects existing and future DTMA holders will remain to be seen when we have results.

Does this mean a move from ASICMiner chips to another manufacturer's?

[Chris_Sabian]

• We are in discussion with a manufacturer to provide ASIC hardware in return for DataTank capacity. This is an unexpected turn of events, but it may prove to be a very important development with the potential to (a) reduce the need to finance chips and outlay required at the time of deployment, and (b) to speed up the production pipeline earlier than expected. We have agreed not to post details before a consensus is reached. How this affects existing and future DTMA holders will remain to be seen when we have results.

Does this mean a move from ASICMiner chips to another manufacturer's?

That is what it sounds like.  Not good for AM holders

[hdbuck]

• We are in discussion with a manufacturer to provide ASIC hardware in return for DataTank capacity. This is an unexpected turn of events, but it may prove to be a very important development with the potential to (a) reduce the need to finance chips and outlay required at the time of deployment, and (b) to speed up the production pipeline earlier than expected. We have agreed not to post details before a consensus is reached. How this affects existing and future DTMA holders will remain to be seen when we have results.

Does this mean a move from ASICMiner chips to another manufacturer's?

That is what it sounds like.  Not good for AM holders

lol you fudmaster.

[minerpumpkin]

• We are in discussion with a manufacturer to provide ASIC hardware in return for DataTank capacity. This is an unexpected turn of events, but it may prove to be a very important development with the potential to (a) reduce the need to finance chips and outlay required at the time of deployment, and (b) to speed up the production pipeline earlier than expected. We have agreed not to post details before a consensus is reached. How this affects existing and future DTMA holders will remain to be seen when we have results.

Does this mean a move from ASICMiner chips to another manufacturer's?

That is what it sounds like.  Not good for AM holders

It could be: AM getting franchised mining capacity, AM producing boards, someone else producing boards with AM chips. This isn't clear at all.

[hdbuck]

• We are in discussion with a manufacturer to provide ASIC hardware in return for DataTank capacity. This is an unexpected turn of events, but it may prove to be a very important development with the potential to (a) reduce the need to finance chips and outlay required at the time of deployment, and (b) to speed up the production pipeline earlier than expected. We have agreed not to post details before a consensus is reached. How this affects existing and future DTMA holders will remain to be seen when we have results.

Does this mean a move from ASICMiner chips to another manufacturer's?

That is what it sounds like.  Not good for AM holders

It could be: AM getting franchised mining capacity, AM producing boards, someone else producing boards with AM chips. This isn't clear at all.

could be AM franchising BOARD PRODUCER franchising DATATANK?
as long as there is BE200 labelled on the thousands chips i'm good.

[antirack]

• We are in discussion with a manufacturer to provide ASIC hardware in return for DataTank capacity. This is an unexpected turn of events, but it may prove to be a very important development with the potential to (a) reduce the need to finance chips and outlay required at the time of deployment, and (b) to speed up the production pipeline earlier than expected. We have agreed not to post details before a consensus is reached. How this affects existing and future DTMA holders will remain to be seen when we have results.

Does this mean a move from ASICMiner chips to another manufacturer's?

That is what it sounds like.  Not good for AM holders

Last time I checked AM was a "manufacturer that provides ASIC hardware".

[minerpumpkin]

• We are in discussion with a manufacturer to provide ASIC hardware in return for DataTank capacity. This is an unexpected turn of events, but it may prove to be a very important development with the potential to (a) reduce the need to finance chips and outlay required at the time of deployment, and (b) to speed up the production pipeline earlier than expected. We have agreed not to post details before a consensus is reached. How this affects existing and future DTMA holders will remain to be seen when we have results.

Does this mean a move from ASICMiner chips to another manufacturer's?

That is what it sounds like.  Not good for AM holders

Last time I checked AM was a "manufacturer that provides ASIC hardware".

We're a bit worried about the "unexpected turn of events" line. AM has already been a long-term established partner of Allied Control and the initially planned partner/supplier for this operation. Now this sounds like the supplied may have changed.
Do you know more in order to wipe away those doubts?

[Ozziecoin]

• We have also received inquires for exclusive partnerships from two different known parties in the mining space, and at least one of them is seriously considered at the moment.

What does this mean? Exclusive partnership for all mining, I.e. dtma?

[Swordsoffreedom]

• We have also received inquires for exclusive partnerships from two different known parties in the mining space, and at least one of them is seriously considered at the moment.

What does this mean? Exclusive partnership for all mining, I.e. dtma?

It might mean diversifying their supply lanes so that their chips come from multiple manufacturers instead of just one of them.
The mining sphere does change now and then

[webbrowser]

DataTankMining said that he can build hardware today (most likely assuming AM BE200 chips) at < $0.44/G.  I guess that means that at their quantity levels the chips themselves should be significantly less than $0.40/G today.

I've opined this before: I'm doubtful that BE200 will be the chip deployed for DTMA.  Do you really think it will be the best chip on the market in quantity in 2-5 months time? I speculate that it was likely to be some other manufacturer, or perhaps BE300 if that were available.

But the exclusive partnerships and other tie-ups mix this up a bit.

So, the public IPO of both DTMA and DTMB units have been pushed back, right?  Or does "capacity units" refer to DTMB only?

[DataTankMining]

• We are in discussion with a manufacturer to provide ASIC hardware in return for DataTank capacity. This is an unexpected turn of events, but it may prove to be a very important development with the potential to (a) reduce the need to finance chips and outlay required at the time of deployment, and (b) to speed up the production pipeline earlier than expected. We have agreed not to post details before a consensus is reached. How this affects existing and future DTMA holders will remain to be seen when we have results.

Does this mean a move from ASICMiner chips to another manufacturer's?

That is what it sounds like.  Not good for AM holders

Last time I checked AM was a "manufacturer that provides ASIC hardware".

We're a bit worried about the "unexpected turn of events" line. AM has already been a long-term established partner of Allied Control and the initially planned partner/supplier for this operation. Now this sounds like the supplied may have changed.
Do you know more in order to wipe away those doubts?

Apologies for the confusion. AM is not at risk being the Bitcoin chip supplier of choice for this operation. Keep in mind there will also be a shift to Scrypt mining in the future, at least partially.

For DTM it's most important to deploy capacity in order to fully utilize the potential of fast deployment and efficient operations. Having manufacturer support is an important element and it is in the interest of ALL chip manufacturers for their customers (miners) to be successful and "come back for more".

I guess that means that at their quantity levels the chips themselves should be significantly less than $0.40/G today.

So, the public IPO of both DTMA and DTMB units have been pushed back, right?

Both is correct. The push back is mainly to avoid the risk of swings in the BTC price due to the U.S. Marashall's Service auction (unusually unstable BTC price during funding rounds may cause additional noise), and to allow sufficient time to consider the points made in yesterdays update. Less investment required for ASIC hardware is good news for stake holders and means lower funding requirement for DTMA.

The confusion should be over when concrete details can be posted, but definitely before any public offering.

[Collider]

Why is everyone so focused on AM on this thread?

While AM is a viable solution today, the tanks will be ready in 3-6 months.

DataTank will then decide which chip is most efficient to deploy within that timeframe, and it might be a completely different one, as nobody can tell what chip will be best by then.

[minerpumpkin]

Why is everyone so focused on AM on this thread?

While AM is a viable solution today, the tanks will be ready in 3-6 months.

DataTank will then decide which chip is most efficient to deploy within that timeframe, and it might be a completely different one, as nobody can tell what chip will be best by then.

Many AM shareholders are very interested in immersion cooled mining solutions. AM has already partnered up with Allied Control before and was already mining with immersion cooled systems. Also, when it became public that this project is supposed to use AM (gen 3) chips, it inherently became an important customer for AM (and thus, it's shareholders). If there indeed was a sudden shift from AM to another supplier, this would mean bad news for AM and its shareholders.

[Blazed]

Do you see the BE200 chips being viable in 6 months for this?  I would think that by then they will be a bit dated since they have a pretty high watt to GH ratio.  I think the more chip options DTM has the better for them.

[minerpumpkin]

Do you see the BE200 chips being viable in 6 months for this?  I would think that by then they will be a bit dated since they have a pretty high watt to GH ratio.  I think the more chip options DTM has the better for them.

They're very cheap and available in a very large quantity. DTM will most likely have access to VERY cheap energy. That may make AM chips the better choice in this case. Also, AM is reliable and has worked with AC in the past.

[Collider]

Do you see the BE200 chips being viable in 6 months for this?  I would think that by then they will be a bit dated since they have a pretty high watt to GH ratio.  I think the more chip options DTM has the better for them.

They're very cheap and available in a very large quantity. DTM will most likely have access to VERY cheap energy. That may make AM chips the better choice in this case. Also, AM is reliable and has worked with AC in the past.

I think we shouldn´t speculate about this, as it lies to far in the future.

Maybe AM will come up with their next chip design, available in 4 months, then we have a whole new set of parameters.
There are so many factors in this decision that we simply can´t predict which chip DataTank will use by the time of full deployment.


@DataTank
Looking forward to your announcement.

Please remember to also post updates to havelock investestments, as not everybody is watching this thread.

[trek27]

@DataTank
Please remember to also post updates to havelock investestments, as not everybody is watching this thread.

I second this.