ASICMINER: Entering the Future of ASIC Mining by Inventing It

[hl5460]

so Asicminer is working on a blockchain based exchange, and so is ActiveMining

hmm

Activemining did mention colored coins? I am wondering what friedcat will choose: mastercoin or colored coin?

[dillpicklechips]

so Asicminer is working on a blockchain based exchange, and so is ActiveMining

hmm

Activemining did mention colored coins? I am wondering what friedcat will choose: mastercoin or colored coin?

I would wager some type of colored coins. Mastercoin isn't really needed and it allows friedcat to have total control without adding another abstraction layer.

[somestranger]

Blockchain-based exchange out of pre-alpha (whether to migrate whole ASICMiner database is still a serious debating topic).

I can't wait to hear more about this.

[freedomno1]

Great news friedcat!

I am sure that huge pile of bitcoins you have accumulated will be invested right way.
Mining is going to be not so profitable anyway, it is time to focus on exchanges,
Pos terminals, BTC space heaters and bitcoin vending machines.

Now it is good time to take risk of grabbing some more cheap shares !

You know the company isn't looking so hot when I can't tell if this is putrid sarcasm or dead-serious.

He's being serious. I only know that because bbxx is an fc bull. Otherwise I couldn' tell at all 

Lol you are right.

I wonder why sarcasm?
Here is a list i proposed, tell me wchich one is sercastic

1) blockchain based exchange
2) point of sale terminals
3) bitcoin space heaters with coin slots for pubs/bars etc
4) vending machine bitcoin processing modules


Discuss

1. Ok
2. Out of Scope
3. Terribly inefficient
4. I do want to see a vending machine that accepts bitcoin but still a pipe dream.
Use BIPS install IR reader on a vending machine give machine wifi == Woot

[Juzzers]

Quick Update

The original vague range of October 20s is now made accurate at October 27th, when the projected publication of financial reports. This time it will be more detailed and informative than the last time's.

Upcoming scheduled to be happening (in time order):

Imminent repricing according to the market and the quantity.
Immersion cooling exhibition.
Payment system out of pre-alpha.
Blockchain-based exchange out of pre-alpha (whether to migrate whole ASICMiner database is still a serious debating topic).

Anyone have any ideas what this "payment system" is?

[ex-trader]

This thread nows smells of desperation.

AM was created and invested in to be a miner and seller of chips. It now barely does either in any scale. Even at 1BTC the current price is saying that it's work 400k x 1 x $190 (Gox) = $76m. Based on what - the idea that it might somehow be able to find some completely new business model.......

I'm afraid Icarus comes to mind - soared to the Sun (Moon in BTC?) and then fell back to earth...

[lophie]

This thread nows smells of desperation.

AM was created and invested in to be a miner and seller of chips. It now barely does either in any scale. Even at 1BTC the current price is saying that it's work 400k x 1 x $190 (Gox) = $76m. Based on what - the idea that it might somehow be able to find some completely new business model.......

I'm afraid Icarus comes to mind - soared to the Sun (Moon in BTC?) and then fell back to earth...

Maybe the chips burned which will make the similarities to Icarus quite uncanny.

[VeeMiner]

This thread nows smells of desperation.

AM was created and invested in to be a miner and seller of chips. It now barely does either in any scale. Even at 1BTC the current price is saying that it's work 400k x 1 x $190 (Gox) = $76m. Based on what - the idea that it might somehow be able to find some completely new business model.......

I'm afraid Icarus comes to mind - soared to the Sun (Moon in BTC?) and then fell back to earth...

there are only few people that are talking about a new business model. AM is still in the business of BTC mining, only now it's also going for synergy effects - like submerged cooling.

[Rival]

Solving problems before most people are even aware that they exist... sounds like an outstanding business model. FC must have noted that cooling was a major issue when he deployed thousands of blades. It will likely be something any large deployment will have to address. Having an in-hand solution puts you miles ahead of of those who deploy a farm and then find expansion difficult due to cooling issues. There is a practical limit to what one can accomplish with air cooling and that sets a cap on density, and thereby efficiency. This may be one of the best investments a company could pursue, with every major deployment as a customer.

It is said that in the gold rush, the ones who made the money were those selling picks and shovels. The truth is that those who became rich were those who provided a marketplace and distribution channels for those who wished to sell picks and shovels. It appears that FC has noted this, and is taking steps to be the leader in this arena as well.

[houseofchill]

The biggest thing to take from the update is the blockchain-based exchange. Bitfountain would get trading fees, transaction fees, and the mining income from the block itself. I'm sure asset registration fees would bring in a hefty bunch as well. They could market it as, "As long as the blockchain is still intact, you can maintain your asset."

Pardon my ignorance, but can you expand on what a "blockchain-based exchange" is? Would be appreciated. What are we exchanging here?

Now that the US is on the path to destroy bitcoin stock exchanges, people have come up with colored coins, based on decentralized stock trading on the blockchain, allowing for coexisting with bitcoin's main function. Look up colored coins.

[VeeMiner]

The biggest thing to take from the update is the blockchain-based exchange. Bitfountain would get trading fees, transaction fees, and the mining income from the block itself. I'm sure asset registration fees would bring in a hefty bunch as well. They could market it as, "As long as the blockchain is still intact, you can maintain your asset."

Pardon my ignorance, but can you expand on what a "blockchain-based exchange" is? Would be appreciated. What are we exchanging here?

Now that the US is on the path to destroy bitcoin stock exchanges, people have come up with colored coins, based on decentralized stock trading on the blockchain, allowing for coexisting with bitcoin's main function. Look up colored coins.

colored coins is a really cool concept, only the anti-dust patch that was released in the main client kinda drops a stick into the gears of this concept...

[Lohoris]

Solving problems before most people are even aware that they exist... sounds like an outstanding business model. FC must have noted that cooling was a major issue when he deployed thousands of blades. It will likely be something any large deployment will have to address. Having an in-hand solution puts you miles ahead of of those who deploy a farm and then find expansion difficult due to cooling issues. There is a practical limit to what one can accomplish with air cooling and that sets a cap on density, and thereby efficiency. This may be one of the best investments a company could pursue, with every major deployment as a customer.

It is said that in the gold rush, the ones who made the money were those selling picks and shovels. The truth is that those who became rich were those who provided a marketplace and distribution channels for those who wished to sell picks and shovels. It appears that FC has noted this, and is taking steps to be the leader in this arena as well.

Very well said.

[Lohoris]

colored coins is a really cool concept, only the anti-dust patch that was released in the main client kinda drops a stick into the gears of this concept...

I'm not sure how that patch works.
If it allows dust transactions as long as they have a fee, that's great.
If it bans them totally, regardless of fees, yes it is a hindrance for colored coins.

[notme]

1. Ok
2. Out of Scope
3. Terribly inefficient
4. I do want to see a vending machine that accepts bitcoin but still a pipe dream.
Use BIPS install IR reader on a vending machine give machine wifi == Woot

Regarding 3, how exactly is an ASIC any less efficient than any electric heater other than up front costs?  If energy is wasted that doesn't get converted to heat, where does that energy go?

[keystroke]

Hash rate dropping. Looking forward towards the financial statement.

[JimiQ84]

Hash rate dropping. Looking forward towards the financial statement.

where is hashrate dropping? Look here http://www.asicminercharts.com/ at 7 day average. Everything else is just good/bad luck

[kmtan]

Quick Update


Blockchain-based exchange out of pre-alpha (whether to migrate whole ASICMiner database is still a serious debating topic).

interesting to have an exchange from ASICMINER....cannot wait for the pre-alpha..

[kmtan]

Hash rate dropping. Looking forward towards the financial statement.

where is hashrate dropping? Look here http://www.asicminercharts.com/ at 7 day average. Everything else is just good/bad luck

from the info of charts, look like that the hashrate are growing...if can get consistent it will be good for the ASICMINER.

[keystroke]

Hash rate dropping. Looking forward towards the financial statement.

where is hashrate dropping? Look here http://www.asicminercharts.com/ at 7 day average. Everything else is just good/bad luck

My bad - just woke up - you're right.

[bitmoon]

asicminer is down to 42TH  http://www.asicminercharts.com/live/