Asicminer News 15-30% of Network

[freedomno1]

Curious how much of an impact the mining community will have on the recent AM news

Update

1. Due to the relatively lower interest from individual miners as well as OEM producers, the self mining has re-started from middle of July. We had gain access of cheap electricity and high power capacity. We hope to regain the average hashrate percentage similar to 2013 with this generation of chips.

2. The price rockminer gets is not the sales price. It's the premium of franchising. We gain the part of profits after the devices begin to generate revenue like the franchising of devices. The sales price of chips stay a relatively high margin because our option of building our own devices and sell/deploy is always wide open.

3. We announce the sales of our own devices. We would arrange an offline meeting in Shenzhen first to share more information. We will post the English version of it on the meetup sub-board.

If this number is accurate around 25 to 30% will be AM and the as previously held Ghash  percentage will be lowered avoiding that 50% risk
Thoughts on this and the future hashrate.

Documented history of AM's hashrate for the people who forget those things or weren't around back then.
https://docs.google.com/spreadsheet/ccc?key=0AkPdXsQFT-vIdHRVUjQ5Ql9BQWR6OENLMkhyUktUblE#gid=9

And upcoming interview with Friedcat

Upcoming interview with Friedcat:
http://www.bitell.com/t/2026

[CreationLayer]

At this point the larger players can buy up huge chunks of new ASICS. It's difficult for anyone to make a run at one of the larger mining operations for a number of reasons.

Simply getting the datacenter and other pieces setup are non-trivial for a large operation.

ASIC Miner no longer has the first to market advantage, and no matter what they release, competitors have plenty of sources like BitFury to get as many ASICS as they can afford.

I just don't see someone taking over one of the larger players, even FriedCat

[Chicowash]

That is a lot of network percentage for one company, how many % other big players have ?

[RoadStress]

Replying here since this is a dedicated thread.

We are talking about Asicminer though it doesn't seem far out of their capacity to have that much money lying around for investment and they have the facilities and everything set up from their Gen 1.
Might take some time to convert the chips on hands to miners though but its direct to farm so that's a plus.

They did have quite the haul from 2013 mining and we do have their financial documents from a few months ago so its a plausible deceleration.
Worse bets could be taken
I'm not sure where you get the 30 million figure from though since Gen 1 was made with much less if I recall correctly.
Anyways worth keeping a watch on this for now.

You should read again their last financial statement. They don't have that much money lying around and neither the facilities. Also it doesn't make any sense to do it right now when they could've started 3 months ago. They could mine with at least 20% of their chips and wait for their 80% to get sold. After 2 months of low sales they could bump the mine to 40% of the chips and still have 60% for sale. Doing it right now seems like a desperate attempt to salvage something out of them.

[jimmothy]

You should read again their last financial statement.

Last I checked they had 60PH which was completely paid for.

They don't have that much money lying around and neither the facilities.

We had gain access of cheap electricity and high power capacity.

Also it doesn't make any sense to do it right now when they could've started 3 months ago.

However, we had not stopped our work on designing our own products and finding proper farms after our chips passed the tests.

[philipma1957]

as my late father in law used to say "we shall see what we shall see"

I would welcome the competition since i believe it will drive up the price of BTC.

The mining community need coins to move up in price not drift about in the 560-660 usd range.

[dropt]

as my late father in law used to say "we shall see what we shall see"

I would welcome the competition since i believe it will drive up the price of BTC.

The mining community need coins to move up in price not drift about in the 560-660 usd range.

The mining community needs more individual miners who are prone to holding thier BTC.  Instead, what we have is a large share of corporate mines who likely have no intention of holding coins and continually sell them.

[RoadStress]

You should read again their last financial statement.

Last I checked they had 60PH which was completely paid for.

That's only the chips, but AM needs money for the rest of the components in order to start hashing. Also having cheap electricity available and high power capacity doesn't mean anything. It still takes some money to build a functional DC (need wiring, cabinets, cooling etc).

jimmothy how much $/GH do you think AM needs to start hashing considering they only have the chips right now?

[elasticband]

You should read again their last financial statement.

Last I checked they had 60PH which was completely paid for.

That's only the chips, but AM needs money for the rest of the components in order to start hashing. Also having cheap electricity available and high power capacity doesn't mean anything. It still takes some money to build a functional DC (need wiring, cabinets, cooling etc).

jimmothy how much $/GH do you think AM needs to start hashing considering they only have the chips right now?

AM owned 30% of the network with a large portion of their hashrate running out of what looked like a chicken shed...... it was mining at it's best.

[RoadStress]

You should read again their last financial statement.

Last I checked they had 60PH which was completely paid for.

That's only the chips, but AM needs money for the rest of the components in order to start hashing. Also having cheap electricity available and high power capacity doesn't mean anything. It still takes some money to build a functional DC (need wiring, cabinets, cooling etc).

jimmothy how much $/GH do you think AM needs to start hashing considering they only have the chips right now?

AM owned 30% of the network with a large portion of their hashrate running out of what looked like a chicken shed...... it was mining at it's best.

I know, but owning 30% of a small network is easy. Doing it right now seems a much harder job. They will need a lot of chicken sheds for that and they don't come for free. If AM claims they are self-mining since July they should post the mining address so that everyone can see their speed, but that won't happen very soon because they are just too small. If they owned at least 20 PH right now they would've bragged about it in order to boost the shares price.

[freedomno1]

You should read again their last financial statement.

Last I checked they had 60PH which was completely paid for.

That's only the chips, but AM needs money for the rest of the components in order to start hashing. Also having cheap electricity available and high power capacity doesn't mean anything. It still takes some money to build a functional DC (need wiring, cabinets, cooling etc).

jimmothy how much $/GH do you think AM needs to start hashing considering they only have the chips right now?

AM owned 30% of the network with a large portion of their hashrate running out of what looked like a chicken shed...... it was mining at it's best.

I know, but owning 30% of a small network is easy. Doing it right now seems a much harder job. They will need a lot of chicken sheds for that and they don't come for free. If AM claims they are self-mining since July they should post the mining address so that everyone can see their speed, but that won't happen very soon because they are just too small. If they owned at least 20 PH right now they would've bragged about it in order to boost the shares price.

Friedcat has immersion cooling I would say they have one of the best chicken sheds you can get.
How hard would it be to put a new board in based on this video when they come online.
https://www.youtube.com/watch?v=oZavKweMrP4

Operational October 2013.

DataTank Container Data Center available in Q2 2014. Immersion-2 is an immersion cooling platform for 3M™ Novec™ Engineered Fluids such as Novec 7000 and Novec 649. By utilizing passive 2-phase immersion cooling in an open bath design, customers benefit from massively reduced cooling energy bill, lower acquisition costs, space savings, and a truly universal and durable system.

http://www.allied-control.com/immersi...

Location: Hong Kong
Client: ASICMiner
Completion: Oct 2013

From the Datatank thread
https://bitcointalk.org/index.php?topic=655464.msg7360111#msg7360111

Hardware and Currencies
Due to our past experience with ASICMiner, we are committed to using ASICMiner hardware for our own capacity, until we see a reason not to. DataTank systems are compatible with any hardware, including with chips from Spondoolies Tech, InnoSilicon, Hashra, HashFast, GridSeed, Cointerra, Butterfly Labs, Bitfury, Alcheminer, Avalon, ASICminer and more. Bitcoin, Scrypt, any other hardware, including GPU computers.
We are in direct contact with several of these manufacturers to get their hardware ready for immersion.

Update
We hope to regain the average hashrate percentage similar to 2013 with this generation of chips.

BE200 Test not like anyone looks at these things
https://www.youtube.com/watch?v=bhOHJ96wBYg

[RoadStress]

Friedcat has immersion cooling I would say they have one of the best chicken sheds you can get.
How hard would it be to put a new board in based on this video when they come online.
https://www.youtube.com/watch?v=oZavKweMrP4

Operational October 2013.

DataTank Container Data Center available in Q2 2014. Immersion-2 is an immersion cooling platform for 3M™ Novec™ Engineered Fluids such as Novec 7000 and Novec 649. By utilizing passive 2-phase immersion cooling in an open bath design, customers benefit from massively reduced cooling energy bill, lower acquisition costs, space savings, and a truly universal and durable system.

I am aware of their immersion cooling setup, but that only has 500kW. For 60PH they need 60MW! Numbers don't lie.

As for the DataTank Containers well as previously said I don't think that they have the money in order to house 60PH. Not even for 30PH. DataTanks are damn expensive to build/deploy and AM is out of money.

[elasticband]

Friedcat has immersion cooling I would say they have one of the best chicken sheds you can get.
How hard would it be to put a new board in based on this video when they come online.
https://www.youtube.com/watch?v=oZavKweMrP4

Operational October 2013.

DataTank Container Data Center available in Q2 2014. Immersion-2 is an immersion cooling platform for 3M™ Novec™ Engineered Fluids such as Novec 7000 and Novec 649. By utilizing passive 2-phase immersion cooling in an open bath design, customers benefit from massively reduced cooling energy bill, lower acquisition costs, space savings, and a truly universal and durable system.

I am aware of their immersion cooling setup, but that only has 500kW. For 60PH they need 60MW! Numbers don't lie.

As for the DataTank Containers well as previously said I don't think that they have the money in order to house 60PH. Not even for 30PH. DataTanks are damn expensive to build/deploy and AM is out of money.

why so negative all the time? Do you own shares in AM?
Or is it just the way spoondoolies, worst name ever, have asked you to troll, shill and spam?

[DrG]

Replying here since this is a dedicated thread.

We are talking about Asicminer though it doesn't seem far out of their capacity to have that much money lying around for investment and they have the facilities and everything set up from their Gen 1.
Might take some time to convert the chips on hands to miners though but its direct to farm so that's a plus.

They did have quite the haul from 2013 mining and we do have their financial documents from a few months ago so its a plausible deceleration.
Worse bets could be taken
I'm not sure where you get the 30 million figure from though since Gen 1 was made with much less if I recall correctly.
Anyways worth keeping a watch on this for now.

You should read again their last financial statement. They don't have that much money lying around and neither the facilities. Also it doesn't make any sense to do it right now when they could've started 3 months ago. They could mine with at least 20% of their chips and wait for their 80% to get sold. After 2 months of low sales they could bump the mine to 40% of the chips and still have 60% for sale. Doing it right now seems like a desperate attempt to salvage something out of them.

I haven't been monitoring AM's financial status, but are you saying that AM is in dire financial straights and has to try to make salvage attempt with their chips?  The company that was 1/3 of the network last year at this time?

[RoadStress]

why so negative all the time? Do you own shares in AM?
Or is it just the way spoondoolies, worst name ever, have asked you to troll, shill and spam?

I'm trying to be realistic and not a dreamer like people holding shares.  Feel free to correct me with numbers, not personal attacks.

How much money do you think are needed to deploy the 60PH while having only the chips in hand. What are the costs per GH needed for this deployment? I already said that with a conservative 0.5$/GH (chips excluded) they need 30M$. They don't have that kind of money right now and money don't grow in trees.

I haven't been monitoring AM's financial status, but are you saying that AM is in dire financial straights and has to try to make salvage attempt with their chips?  The company that was 1/3 of the network last year at this time?

Well please go and take a look at their last financial report then. It should take you a maximum of 15 mins to find it and read it. Having 1/3 of the network last year means absolutely nothing right now and past performance doesn't mean that they will get 1/3 of the network this or next year. It's was much much easier to own 1/3 of the network last year when the total hashrate was low, but it's much harder now with the total network so big.

friedcat said that they are self-mining since mid July. Why doesn't he post the live hashing speed?

[elasticband]

the money for setup costs(chips are payed for) comes from the chip sales and HW sales, same as every other asic manufacturer that sells hardware and setups a large mine..... sell enough your own is cheap/free, that is the aim of the resale game after all is it not?

Oh it was not a personal attack, i was just being realistic based on the way you act and portray yourself in your precious spondoolies competitors forum threads. call it an observational statement if you would like, not an attack.

edit: friedcat is busy preparing for a big meeting in a few days time, he sadly probably has very little time to communicate with the forums at the moment and i am sure much will be announced then..... i wish spoondoolies-tech would spend less time hanging out on the forums gossiping about their competitors and more time meeting their production/power specs. Now run along and sell some more spondoolies magic internet money printing machines ....

why so negative all the time? Do you own shares in AM?
Or is it just the way spoondoolies, worst name ever, have asked you to troll, shill and spam?

I'm trying to be realistic and not a dreamer like people holding shares.  Feel free to correct me with numbers, not personal attacks.

How much money do you think are needed to deploy the 60PH while having only the chips in hand. What are the costs per GH needed for this deployment? I already said that with a conservative 0.5$/GH (chips excluded) they need 30M$. They don't have that kind of money right now and money don't grow in trees.

I haven't been monitoring AM's financial status, but are you saying that AM is in dire financial straights and has to try to make salvage attempt with their chips?  The company that was 1/3 of the network last year at this time?

Well please go and take a look at their last financial report then. It should take you a maximum of 15 mins to find it and read it. Having 1/3 of the network last year means absolutely nothing right now and past performance doesn't mean that they will get 1/3 of the network this or next year. It's was much much easier to own 1/3 of the network last year when the total hashrate was low, but it's much harder now with the total network so big.

friedcat said that they are self-mining since mid July. Why doesn't he post the live hashing speed?

[RoadStress]

the money for setup costs(chips are payed for) comes from the chip sales and HW sales, same as every other asic manufacturer that sells hardware and setups a large mine..... sell enough your own is cheap/free, that is the aim of the resale game after all is it not?

Oh it was not a personal attack, i was just being realistic based on the way you act and portray yourself in your precious spondoolies competitors forum threads. call it an observational statement if you would like, not an attack.

edit: friedcat is busy preparing for a big meeting in a few days time, he sadly probably has very little time to communicate with the forums at the moment and i am sure much will be announced then..... i wish spoondoolies-tech would spend less time hanging out on the forums gossiping about their competitors and more time meeting their production/power specs. Now run along and sell some more spondoolies magic internet money printing machines ....

Sorry but what HW sales? AM didn't sell any miner with their gen3 chips. I am aware that they intend to do that, but that will take some time which means that self mining will start later which means lower revenues. And for the chip sales didn't friedcat announced that sales weren't so good? Can't be a lot of money with sales being so low. And the sales that went through were very close to their cost so not much revenue there either. I'm guessing that the money they made from the chip sales will go into making working miners for selling, not into the self mining farms. I may be wrong here, but the idea is that AM doesn't have 30M$ available.

I am not supporting SP-Tech here. If I did it in in the past on other threads it doesn't mean that I need to be reminded every time I post my opinions about other manufacturers. Stop living in the past and judge my present actions. I thought we are discussing the recent AM news about their self mining farms. Let's stick to the topic.

Going back to the topic why not answer to my previous questions? I will repost them in case you missed them

How much money do you think are needed to deploy the 60PH while having only the chips in hand? What's your personal view on the costs per GH needed for this deployment?

[elasticband]

I have no time for shills or past shills. you made your bed by acting the way you did, now lay in it. jog on back to your spondoolie masters.....

[RoadStress]

I have no time for shills or past shills. you made your bed by acting the way you did, now lay in it. jog on back to your spondoolie masters.....

What's your personal view on the costs per GH needed for AM self mining deployment?

[hdbuck]

BE200 Test not like anyone looks at these things
https://www.youtube.com/watch?v=bhOHJ96wBYg

i did look at them dearly ^^