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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3901524 times)
tinus42
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September 13, 2013, 04:46:58 AM
 #12721

The observed drop of AM hashrate can only mean that the company is doing something. And I'm always happy with AM doing something, whatever that something is:)

One more time.

Apparently a power outage would constitute Friedcat doing something.

AM logic.

Yes that would constitute him doing something. Trying to fix the outage. Or do you expect him sitting on his hands then?
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Vycid
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September 13, 2013, 04:50:56 AM
 #12722

The observed drop of AM hashrate can only mean that the company is doing something. And I'm always happy with AM doing something, whatever that something is:)

One more time.

Apparently a power outage would constitute Friedcat doing something.

AM logic.

Yes that would constitute him doing something. Trying to fix the outage. Or do you expect him sitting on his hands then?

Ah, I see. Yes, Friedcat would don his red cape and take to the sky, bringing his awesome telekinetic powers to bear on the stalled turbine at the local coal power plant.

It's good to have a demigod around.

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September 13, 2013, 05:20:50 AM
 #12723

I'm sure if there is an issue, FC is exploring all options to resolve it.

I would like to know what the issue is, when FC can find the time to make an update...

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September 13, 2013, 07:52:08 AM
 #12724

Doubt leads to fear, fear leads to anger, anger leads to hate, hate leads to suffering.
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September 13, 2013, 08:20:35 AM
 #12725


Ah, I see. Yes, Friedcat would don his red cape and take to the sky, bringing his awesome telekinetic powers to bear on the stalled turbine at the local coal power plant.

It's good to have a demigod around.
Hey halfwit, wrong thread, firdcats math is better than yours, look at difficulty.

1VEX7x76pJdreV1nJW8bXpotbCNggDxG5
lophie
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September 13, 2013, 08:45:43 AM
 #12726

Doubt leads to fear, fear leads to anger, anger leads to hate, hate leads to suffering.

I hate most people here. I am not suffering not even a bit. It is interesting how people wow over such incoherent train of thoughts and comments.

Will take me a while to climb up again, But where is a will, there is a way...
JimiQ84
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September 13, 2013, 09:47:01 AM
 #12727

New business plan in town - selling backplanes. I was waiting for this moment since friedcat announced backplanes.

lots of New Blades are still available as well as USB miners.

a new order of 5+ blades can add a backplane for .25 btc
an order of 10 blades gets the backplane for free
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September 13, 2013, 10:34:15 AM
 #12728

I hate most people here. I am not suffering not even a bit. It is interesting how people wow over such incoherent train of thoughts and comments.
I love you lophie, true as life.

1VEX7x76pJdreV1nJW8bXpotbCNggDxG5
lophie
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September 13, 2013, 10:43:59 AM
 #12729

I hate most people here. I am not suffering not even a bit. It is interesting how people wow over such incoherent train of thoughts and comments.
I love you lophie, true as life.

Thank you, I love you too man. Lets share the love of coins <3

Will take me a while to climb up again, But where is a will, there is a way...
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September 13, 2013, 10:47:49 AM
 #12730

New business plan in town - selling backplanes. I was waiting for this moment since friedcat announced backplanes.

lots of New Blades are still available as well as USB miners.

a new order of 5+ blades can add a backplane for .25 btc
an order of 10 blades gets the backplane for free

Sells are not going as expected? Not good...

Under development Modular UPGRADEABLE Miner (MUM). Looking for investors.
Changing one PCB with screwdriver and you have brand new miner in hand... Plug&Play, scalable from one module to thousands.
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September 13, 2013, 11:47:01 AM
 #12731

I hate most people here. I am not suffering not even a bit. It is interesting how people wow over such incoherent train of thoughts and comments.
I love you lophie, true as life.

Thank you, I love you too man. Lets share the love of coins <3
lophie - you know that was a yoda starwars reference, right?
lophie
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September 13, 2013, 01:08:48 PM
 #12732

I hate most people here. I am not suffering not even a bit. It is interesting how people wow over such incoherent train of thoughts and comments.
I love you lophie, true as life.

Thank you, I love you too man. Lets share the love of coins <3
lophie - you know that was a yoda starwars reference, right?

OMG it was!!!!  Shocked,................................ I didn't know  Roll Eyes!

can we go back to the OP please?

So guys no update this week as well? Come on at least an update from Friedcat that updates will stop being on weekly basis! right?

And aside that I really don't know what is happening with the farm but guys is it possible that ASICMINER did go back mining on pools for the time being? Maybe mining via a different wallet address? I mean there weren't any updates for two weeks now why most people here are assuming the worst? Bears much?

Will take me a while to climb up again, But where is a will, there is a way...
hlynur
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September 13, 2013, 02:10:06 PM
 #12733

I have to admit that after I've read about the recent release of another model by cointerra competition is quite heavy atm. especially if i look at projected profits (http://decentralizedhashing.com/bitcoin-mining-equipment-table/)
from a miner's perspective it's simple maths to put money in a preorder right now instead of waiting and hoping for a good offer by AsicMiner.
A little update how 2nd gen development is going really wouldn't hurt right now.




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September 13, 2013, 02:30:31 PM
 #12734

hash rate looks like it is coming back, currently around 40 TH/s...  Issues getting resolved?

conv3rsion
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September 13, 2013, 02:46:02 PM
 #12735

I have to admit that after I've read about the recent release of another model by cointerra competition is quite heavy atm. especially if i look at projected profits (http://decentralizedhashing.com/bitcoin-mining-equipment-table/)
from a miner's perspective it's simple maths to put money in a preorder right now instead of waiting and hoping for a good offer by AsicMiner.
A little update how 2nd gen development is going really wouldn't hurt right now.





LOL. Doing simple math reveals that even if cointerra ships mid dec, their miner is likely to lose money. If its closer to January, their miner will lose thousands. You have to factor in difficulty increases. http://mining.thegenesisblock.com/ bases that on recent difficulty increases and not speculation.

Then there is the whole game of preorders, and that's been working real fucking well hasn't it. The bottom line is either buy stuff that ships now and could ROI (which is only AM) or buy coins.
Vycid
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September 13, 2013, 02:53:09 PM
 #12736

I have to admit that after I've read about the recent release of another model by cointerra competition is quite heavy atm. especially if i look at projected profits (http://decentralizedhashing.com/bitcoin-mining-equipment-table/)
from a miner's perspective it's simple maths to put money in a preorder right now instead of waiting and hoping for a good offer by AsicMiner.
A little update how 2nd gen development is going really wouldn't hurt right now.





LOL. Doing simple math reveals that even if cointerra ships mid dec, their miner is likely to lose money. If its closer to January, their miner will lose thousands. You have to factor in difficulty increases. http://mining.thegenesisblock.com/ bases that on recent difficulty increases and not speculation.

Then there is the whole game of preorders, and that's been working real fucking well hasn't it. The bottom line is either buy stuff that ships now and could ROI (which is only AM) or buy coins.

I just used that site with the default values for Cointerra IV starting in January. 46 day payback period, $3,970 net profit.

I agree that mining is a losing proposition at this point for anyone who does not make their own chips, but I supect a lot of people are going to jump on this.

The big news is that cointerra is selling for $3/GH. I don't know what their margins are, but they are probably still healthy and prices will drop further.  FC is going to feel a squeeze in a few months.

velacreations
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September 13, 2013, 02:55:18 PM
 #12737

from a miner's perspective it's simple maths to put money in a preorder right now instead of waiting and hoping for a good offer by AsicMiner.
I think there are some BFL customers that would disagree with that statement.

Do you really want to wait and hope that your order arrives in a reasonable amount of time?  Or would you rather have cash in hand for the next several months?

hlynur
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September 13, 2013, 03:25:55 PM
 #12738

I have to admit that after I've read about the recent release of another model by cointerra competition is quite heavy atm. especially if i look at projected profits (http://decentralizedhashing.com/bitcoin-mining-equipment-table/)
from a miner's perspective it's simple maths to put money in a preorder right now instead of waiting and hoping for a good offer by AsicMiner.
A little update how 2nd gen development is going really wouldn't hurt right now.

LOL. Doing simple math reveals that even if cointerra ships mid dec, their miner is likely to lose money. If its closer to January, their miner will lose thousands. You have to factor in difficulty increases. http://mining.thegenesisblock.com/ bases that on recent difficulty increases and not speculation.

Then there is the whole game of preorders, and that's been working real fucking well hasn't it. The bottom line is either buy stuff that ships now and could ROI (which is only AM) or buy coins.

I just used that site with the default values for Cointerra IV starting in January. 46 day payback period, $3,970 net profit.

I agree that mining is a losing proposition at this point for anyone who does not make their own chips, but I supect a lot of people are going to jump on this.

The big news is that cointerra is selling for $3/GH. I don't know what their margins are, but they are probably still healthy and prices will drop further.  FC is going to feel a squeeze in a few months.

I misinterpreted percentage values in that chart have a constantly rising difficulty rate included and it starts from moment of delievery.
yea, on a second thought it's probably calculated from the point if a miner would be deployed at this moment right now, right?
...suddenly the whole situation looks much more ugly  Undecided

cointerra is really leading the market with the competitive pricing (if they are delievering...but that company looks most professional until now).
I think they could become the biggest player in the future.



I think there are some BFL customers that would disagree with that statement.
Do you really want to wait and hope that your order arrives in a reasonable amount of time?  Or would you rather have cash in hand for the next several months?
yea BFL,   Smiley   what more to say.... some guy at #bitcoin-assets mentioned a site with a count of all the undelievered orders until now. (not sure if official, but there were around 5000  Shocked)


velacreations
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September 13, 2013, 03:34:20 PM
 #12739


I think there are some BFL customers that would disagree with that statement.
Do you really want to wait and hope that your order arrives in a reasonable amount of time?  Or would you rather have cash in hand for the next several months?
yea BFL,   Smiley   what more to say.... some guy at #bitcoin-assets mentioned a site with a count of all the undelievered orders until now. (not sure if official, but there were around 5000  Shocked)

yeah, that's terrible.  But, that illustrates the point that investing in a pre-order from a company that has yet to deliver even 1 unit is extremely risky.  Any delay at all, especially on tight margins, will destroy your ROI.

I'm not saying Cointerra will be another BFL, but it is very possible that their products could be delayed.  So, it's not just a simple thing of saying "the maths say the better investment is the pre-order".  Personally, I'd rather have my BTC in my hands, not someone else's.

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September 13, 2013, 03:40:16 PM
 #12740



I just used that site with the default values for Cointerra IV starting in January. 46 day payback period, $3,970 net profit.



I should have mentioned, that site is using gox for the USD / BTC exchange rate. Putting in the current value of bitstamp or coinbase changes it down significantly. Also I was using the 14k cointerra dec device, not the newly added 6k jan cointerra device, which is showing a $2700 maximum profit, but that is assuming it was shipped Jan 1st.

I'm not arguing they can't lower their margins even further, I'm saying that preorders do not look appealing at all right now, even with the best anticipated outcome and the now reduced pricing. And worse, if USD / BTC raises before then (in the next 4 months), its likely that a person would have been much better buying coins, since that will also eventually accelerate difficulty.

The good news is that while difficulty does not drive prices up (instead raised prices drives up difficulty), with this much equipment being preordered, its likely that at some point people will realize they are better buying coins and that will drive prices up.

What does this all mean for AM?  Well friedcat said that the difficulty increase is still under their projections, so maybe he planned for it. We don't know, but he isn't often lying.
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