ASICMINER: Entering the Future of ASIC Mining by Inventing It

[KCBitcoin]

OFFICIAL ASICMINER UPDATE
• We made an order of another brand of power chips which are about two weeks late. In October this will provide another 500TH/s (Gen1).

Hmmm, are these 500T for sale or self-mining?

[1714004760]

1714004760

[1714004760]

1714004760

[Vycid]

Oh wow nice update! Does that mean that we will be hashing with +500TH on october or thats the number with blades for sale?

Based on the mention of advertising, I suspect FC intends to sell at least some of them. It will probably be a mix, since I doubt he expects to sell all 500 TH.

[glendall]

500TH!  So 10x what is currently mining next month. .... Hello..!

Just in time, with the incredible amount of hashing power coming online.

Awesome... Great to hear there will be more regular updates and the other plans as well.

[dxxw]

Good news!

I am a prophet

You have to stand up and say something now friedcat.

And I really appreciate this：

PR & Communications
1. The board has committed to meeting even more often than we have been, and intentionally gleaning whatever info can be shared from each meeting, and posting it to public.
2. The board will be assisting with writing these posts to make things easier for Friedcat.
3. The board is in discussions to create content and designs for an official website.

[Fabrizio89]

There's indeed no real news, since they already said in the past they wanted to deploy 200TH in September (not October), so they'll likely sell at least 100-200TH.
It is, anyway, good to hear from friedcat and board members that they are working towards a better communication with shareholders.

[BitThink]

It is really a pity two weeks are delayed by power chips. Two weeks means really a lot in mining industry now, more than 30% difficulty increase.

[Newar]

PR & Communications

3. The board is in discussions to create content and designs for an official website.

There was somebody working on a website and share exchange in February already.  

[FNG]

 
Custom Cooling Systems
We have been finalizing on our HK datacenter with our professional partner on immersion cooling. This product will be of interest both miners, and other industries that require cooling of similar hardware. Our cooling system partner built it as an exhibition house where everything is clean and shiny for investors/buyers to visit and for ASICMINER to make videos as a demonstration.

Good to hear ASICMINER is expanding under the current co.

Question - Will cooling hardware be sold for traditional currency and if so will the proceeds be converted into bitcoin and paid via dividends or would it be more likely that less btc from mining / hardware sales is held back and profits from cooling sales are rolled into paying for operating costs / expansion?

[Dexter770221]

500 TH = 1,5M of chips = 46875 blades
If one blade is produced in 1 minute that means over a month of instant (24/7) production. No one will buy those blades in December. There will be 10 times more efficient equipment already.

[Whtwabbit]

Is 500TH to be online in October?

Or are the "2 week late" chips not delivered yet, needed to build the 500TH?

[BitThink]

500 TH = 1,5M of chips = 46875 blades
If one blade is produced in 1 minute that means over a month of instant (24/7) production. No one will buy those blades in December. There will be 10 times more efficient equipment already.

500TH will be ready on October not December, according to friedcat's update. Moreover, you've probably under estimated the speed of one product line (a product may takes 10s of minutes to be assembled, but to stay in a position for 1 minute is pretty slow and not likely happen in modern product line), let alone it's totally possible multiple product lines will be used.

[tarmi]

500 TH = 1,5M of chips = 46875 blades
If one blade is produced in 1 minute that means over a month of instant (24/7) production. No one will buy those blades in December. There will be 10 times more efficient equipment already.

500TH will be ready on October not December, according to friedcat's update. Moreover, you've probably under estimated the speed of one product line (a product may takes 10s of minutes to be assembled, but to stay in a position for 1 minute is pretty slow and not likely happen in modern product line), let alone it's totally possible multiple product lines will be used.

yes, but point remains. why would anyone buy 130 nm equipment now?

[drawingthesun]

500 TH = 1,5M of chips = 46875 blades
If one blade is produced in 1 minute that means over a month of instant (24/7) production. No one will buy those blades in December. There will be 10 times more efficient equipment already.

500TH will be ready on October not December, according to friedcat's update. Moreover, you've probably under estimated the speed of one product line (a product may takes 10s of minutes to be assembled, but to stay in a position for 1 minute is pretty slow and not likely happen in modern product line), let alone it's totally possible multiple product lines will be used.

yes, but point remains. why would anyone buy 130 nm equipment now?

Right now? Because no one else is actually delivering right now. Or am I wrong? I have been told you have to wait until October to purchase a bitfury miner.

[empoweoqwj]

I'm probably wrong, but that seems like the longest FC update ever .... that's a good thing

So AM is listening at least. What proportion of the info was "valuable" is for others to judge.

My main (only real) interest is when Gen2 will happen and in what volume, but perhaps they don't know yet or don't want to tell.

All Gen1 stuff is pretty irrelevant in my eyes now. The share price is tanking mainly because Gen1 stuff is effectively useless. AM will only be competitve again once it starts mass producing Gen2.

I really really hope this isn't December ......... or my AM shares might be worth f*** all by then, and my once decent pile of bitcoins will be greatly reduced.

Entirely my fault. Putting all eggs in one basket. But I still hope and pray AM will do a great job with Gen2. Just do it quickly guys !!!!!!!!!!!!!!!!!!!!

[ninjarobot]

• We made an order of another brand of power chips which are about two weeks late. In October this will provide another 500TH/s (Gen1).
• If any deal of ordering Gen1 chips from outside buyers via us is reached, additional orders will be made.
• The size of the Gen2 order will be decided as appropriate, according to the network difficulty when it is time to finalize the order size.

Anyway, this is pretty much underwhelming. Probably gonna see a quick pop upward in the exchanges, until people realize that FC hasn't even negotiated a Gen 2 order size yet, and that AM is going to war with 500GH of 1st gen hardware (which is 2 weeks late™).

I agree. Looks like AM lost their head start and is still fully focused on 130nm Gen1 hardware. That is not going to be a viable long-term strategy. Even the Gen2 products @55nm are going to be more like Gen1.5 when compared to the 28nm chips coming online in bulk from various vendors in Q4. Too little too late.

[empoweoqwj]

• We made an order of another brand of power chips which are about two weeks late. In October this will provide another 500TH/s (Gen1).
• If any deal of ordering Gen1 chips from outside buyers via us is reached, additional orders will be made.
• The size of the Gen2 order will be decided as appropriate, according to the network difficulty when it is time to finalize the order size.

Anyway, this is pretty much underwhelming. Probably gonna see a quick pop upward in the exchanges, until people realize that FC hasn't even negotiated a Gen 2 order size yet, and that AM is going to war with 500GH of 1st gen hardware (which is 2 weeks late™).

I agree. Looks like AM lost their head start and is still fully focused on 130nm Gen1 hardware. That is not going to be a viable long-term strategy. Even the Gen2 products @55nm are going to be more like Gen1.5 when compared to the 28nm chips coming online in bulk from various vendors in Q4. Too little too late.

That has what has always baffled me from day 1 when FC announced Gen2 would happen Nov/Dec. I should have sold then ;-)

 The huge delay in moving from Gen1 to Gen2, even when they were rolling in bitcoins to invest in the move. There must have been things holding them back, perhaps lack of expertise in China? Who knows.

[ninjarobot]

That has what has always baffled me from day 1 when FC announced Gen2 would happen Nov/Dec. I should have sold then ;-)

Same here, although at the time I was still buying into to the notion that Friedcat would underpromise and overdeliver. Now it seems that will be underpromise and underdeliver... The current divs are still decent though, but I wonder how long that will last without AM making the leap beyond Gen1 soon. And with soon, I mean yesterday.

[physalis]

3. The board is in discussions to create content and designs for an official website.

THE END OF AN ERA

[Whtwabbit]

500 TH = 1,5M of chips = 46875 blades
If one blade is produced in 1 minute that means over a month of instant (24/7) production. No one will buy those blades in December. There will be 10 times more efficient equipment already.

500TH will be ready on October not December, according to friedcat's update. Moreover, you've probably under estimated the speed of one product line (a product may takes 10s of minutes to be assembled, but to stay in a position for 1 minute is pretty slow and not likely happen in modern product line), let alone it's totally possible multiple product lines will be used.

yes, but point remains. why would anyone buy 130 nm equipment now?

Depends on bitcoin per hash not what tech

[Strange Vlad]

@ tarmi, empoweoqwj, ninjarobot
Guys, you are so wrong...
Look, did you remember last time we discussed blade production costs?
(actually that's a recurring topic, like many in this thread; I guess today is just the time for yet another iteration)

So we concluded that the mass production costs for a blade should be like around $20.  That's a reasonable price if you compare it to consumer products of similar complexity (like graphics cards).  Remember it's China and Friedcat's prices are likely very close to the lowest available anywhere in the world, at least now that the volume became so high.  Okay, let's be very pessimistic and assume a ceiling of 30$, that's around 0.25BTC by current prices, and with a reasonable profit margin it would still be more than acceptable for them to sell the blades for less than 0.5BTC.  Now please reconsider if people would buy these blades in November, if they sell for 0.5BTC!  I bet they would even in December, even if most the competitors actually deliver in time with their currently announced prices.

Also note that most competitors are less likely to have production costs as low as Friedcat (you know, Chinese are very social people; the "connections" are very valuable for them so a foreigner cannot get as good deal as a local).

Also note that 55nm chip of the same die area is much more expensive than 130 nm chip.  Of course, it's still cheaper per Gigahash, but not as much as per more powerful and efficient.  Let's say, if the 55nm chip is 8x as powerful as 130nm, then it's likely about twice as expensive per chip, so only 4x as cheap per GH.

So don't underestimate the good old 130nm, it will last at least until the end of the year.
(EDITED: "at least")