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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3901408 times)
arnuschky
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October 22, 2013, 09:12:14 AM
 #14041



I don't get this. Ok, I see that AM has to move into another market due to the competition of the other ASIC-producers. But USB hubs and immersion cooling? These are "regular" hardware, that means, you already have all the competition waiting for you! Even worse, the profit margins are already reduced the bare minimum and you are basically competing for efficiency in production. I don't see this as a viable future for AM as a company.

Don't get me wrong, I think that getting out of the ASIC market is a very good idea, especially if you didn't score the knowhow/production capabilities as Cointerra has. Simply said, the time of doing 65nm ASICs on deprecated Chinese production lines is coming to an end.

Hence, I think the only option for AM is to stick to Bitcoin-centered projects that do not suffer from the drawbacks outlined above. This will be most likely infrastructure providing services, for example hosting or some software-based service as a market. Maybe even consultancy, who knows?
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VeeMiner
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October 22, 2013, 09:31:25 AM
 #14042



I don't get this. Ok, I see that AM has to move into another market due to the competition of the other ASIC-producers. But USB hubs and immersion cooling? These are "regular" hardware, that means, you already have all the competition waiting for you! Even worse, the profit margins are already reduced the bare minimum and you are basically competing for efficiency in production. I don't see this as a viable future for AM as a company.

Don't get me wrong, I think that getting out of the ASIC market is a very good idea, especially if you didn't score the knowhow/production capabilities as Cointerra has. Simply said, the time of doing 65nm ASICs on deprecated Chinese production lines is coming to an end.

Hence, I think the only option for AM is to stick to Bitcoin-centered projects that do not suffer from the drawbacks outlined above. This will be most likely infrastructure providing services, for example hosting or some software-based service as a market. Maybe even consultancy, who knows?

AM should definitely focus mainly on next generation chips, it seems to me that friedcat overslept on this one. We all make mistakes, but this one will probably cost us dearly... Immersion cooling and big USB hubs are cool, but it's not a primary target now. Anyway where is the 500 Thash?
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October 22, 2013, 09:38:07 AM
 #14043

Hopefully the new blockchain based exchange turns out better than their last in-house exchange project.
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October 22, 2013, 12:19:18 PM
 #14044

Quick Update

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).

iam surprised there wasnt more excitement from these 2 updates

a HK based stock(?) exchange by a trusted company could be huge, and potentially be a nice income area now that btct is gone and bitfunder looks to exclude the us.

Payment system: are we are talking a chinese bitpay? huge potential


arnuschky
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October 22, 2013, 01:03:43 PM
 #14045

Quick Update

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).

iam surprised there wasnt more excitement from these 2 updates

a HK based stock(?) exchange by a trusted company could be huge, and potentially be a nice income area now that btct is gone and bitfunder looks to exclude the us.

Payment system: are we are talking a chinese bitpay? huge potential

I agree, the potential is massive. I have to say that I didn't read the pre-alpha part. That means that they are close to do a release (maybe private first) - so it's much more than toying around with ideas. After the demise of btct, I think there's a need for an exchange that is transparent and not in the US.
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October 22, 2013, 03:36:11 PM
 #14046



So I have some of these 49 port hubs in hand.  They look nice - but unfortunately.. I don't know how to use them.  
I tried with 2 different brand power supplies, and I tried on a raspberry pi, as well as straight to a pc.   The PC didn't seem to recognize it, and although I haven't really looked into any settings on the pi.. cgminer usually just detects hubs plugged into it.
Any ideas on what I might be doing wrong? (while I wait for a reply from friedcat).

Edit: Ok.. what I was doing wrong was not looking at the very bottom of the shipping box.  There are fuses that need to be plugged into each hub Tongue




hi julz,

where can get the 49port hubs?

kmtan
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October 22, 2013, 03:38:44 PM
 #14047



it is beatiful...where to get one?

ex-trader
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October 22, 2013, 05:28:51 PM
 #14048

Asicminer's hashrate now: 53TH...

cheers up ..

Wow 1.6% of the network.... that'll be lucrative...
keeron
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October 22, 2013, 06:31:14 PM
 #14049

Wow...over at the hardware / GB forum, the prices of AM hardware has dropped like crazy. It seems the resellers are going after selling out the remaining stock at cost. 0.035 for USB miner and 1.1 for the blades... that's ~ 0.11/GHz for something that you can get in-hand in 1-2 days!

JimiQ84
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October 22, 2013, 06:34:30 PM
 #14050

with current price of BTC it's on par with Cointerra  Shocked
VolanicEruptor
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October 22, 2013, 07:00:14 PM
 #14051

with current price of BTC it's on par with Cointerra  Shocked

$22/GH is not on par with Cointerra.  not even close..

JimiQ84
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October 22, 2013, 07:01:39 PM
 #14052

with current price of BTC it's on par with Cointerra  Shocked

$22/GH is not on par with Cointerra.  not even close..

Oh, sorry, I am off by a order of magnitude. Thanks for correction
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October 22, 2013, 07:10:31 PM
 #14053

Avalon is offering in stock 60Ghps mini-rigs for 6 BTC. And cex.io is soon to get below 0.12/Ghps. I think AM could cut a bit more off the price.
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October 22, 2013, 07:29:32 PM
 #14054

Does anyone think we'll eventually have 1 TH/s USB sticks?

I'm still impressed that you can buy 128 GB usb storage sticks on the cheap.
JimiQ84
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October 22, 2013, 07:30:59 PM
 #14055

Does anyone think we'll eventually have 1 TH/s USB sticks?

I'm still impressed that you can buy 128 GB usb storage sticks on the cheap.

maybe with 7nm node size Cheesy
KS
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October 22, 2013, 08:44:19 PM
 #14056

Does anyone think we'll eventually have 1 TH/s USB sticks?

In two weeksTM

“In Putin’s Russia bitcoin exchanges you.” - http://www.coindesk.com/ceo-bitcoin-officially-bans-china/
List of major BTC scams https://bitcointalk.org/index.php?topic=576337
Bitstamp "no transfer" banks/countries list: https://bitcointalk.org/index.php?topic=270716.0
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October 22, 2013, 10:01:00 PM
 #14057

I am already taking preorders for 1PH-Sticks - 1 BTC each - max. capacity 21.000.000 pieces :-)

149wMRULLqoyGtrCN7oP7qJZD3qHwafbAz
KCBitcoin
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October 22, 2013, 10:03:02 PM
 #14058

I am already taking preorders for 1PH-Sticks - 1 BTC each - max. capacity 21.000.000 pieces :-)

149wMRULLqoyGtrCN7oP7qJZD3qHwafbAz
what? 1PH-Sticks?
g83
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October 22, 2013, 10:07:10 PM
 #14059

I am already taking preorders for 1PH-Sticks - 1 BTC each - max. capacity 21.000.000 pieces :-)

149wMRULLqoyGtrCN7oP7qJZD3qHwafbAz
what? 1PH-Sticks?

Delivery asap Smiley
superduh
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October 22, 2013, 10:08:06 PM
 #14060

am i getting it correctly that they are trying to offer merchant servicing in china? ie bitpay?
if so this could be huge business driver.

ok
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