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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3901407 times)
BitThink
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November 21, 2013, 09:41:29 AM
 #15281

If our concerns about AM still concentrate on mining income, then I am quite confident that we will be disappointed. One bitfury has already caused the big drop of shares of AM, then KnC, and now BitMain. BitMain is also in China and their first 30 units were sold in 2 hours, and then they will produce mass batch of their 55nm chips shortly. That will not only hurts the mining share of AM but also the hardware sales.

If there's no big news about cooperation of Gen2 chips out in this month, then the following 3 months are miserable for all AM investors, who will see big loss in revenue (both mining and sales).

The only hope is the Gen3 chips, which may be ready no earlier than Jan 2014. Forget about cooling technology now, cause it will not help in the short term. Even finally it is sold to big companies, I doubt AM have the ability to produce them in large quantity.

In short, now mining income almost becomes irrelevant in evaluating AM's future. There's no point to look at their hashing rate.

KNC 28nm is not even more efficient than an am cube... bitmain is not selling only accepted pre-orders.

1) KnC 28nm watt/G is less than one half of AM chips. Cube is still using the Gen1 chips which are > 7w/GH
2) bitman is selling on stock units.
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November 21, 2013, 09:43:15 AM
 #15282

To give an idea of how overvalued AM was at its peak: 4.5btc per share x 400,000 = 1,800,000btc.
While I agree that it was overvalued, why would it be following your logic? Theres nearly 10 million BTC to be mined + the magical transaction fee raise of the future + the possibility of self-mining and selling machines to really get profits from more than e.g. 20% of the network.
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November 21, 2013, 09:52:13 AM
 #15283

it still can buy?
jimmothy
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November 21, 2013, 10:01:44 AM
 #15284

1) KnC 28nm watt/G is less than one half of AM chips. Cube is still using the Gen1 chips which are > 7w/GH
2) bitman is selling on stock units.

Yea but with AM coming out with 28nm chips around january and 45nm chips some time before that along with immersion cooling there is no reason to panic.
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November 21, 2013, 10:05:30 AM
 #15285

1) KnC 28nm watt/G is less than one half of AM chips. Cube is still using the Gen1 chips which are > 7w/GH
2) bitman is selling on stock units.

Yea but with AM coming out with 28nm chips around january and 45nm chips some time before that along with immersion cooling there is no reason to panic.
Where did you get that time frame? AFAIK we have no information whatsoever on 28nm. Did I miss something or you just make it up?

Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. 
This makes Monero a better candidate to deserve the term "digital cash".
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November 21, 2013, 10:45:04 AM
 #15286

1) KnC 28nm watt/G is less than one half of AM chips. Cube is still using the Gen1 chips which are > 7w/GH
2) bitman is selling on stock units.

Yea but with AM coming out with 28nm chips around january and 45nm chips some time before that along with immersion cooling there is no reason to panic.
Where did you get that time frame? AFAIK we have no information whatsoever on 28nm. Did I miss something or you just make it up?

It was mentioned in the interview along with the fact that Friedcat plans to prepare for a network of up to 1000ph/s (currently only a few ph/s).
tinus42
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November 21, 2013, 11:48:45 AM
 #15287

1) KnC 28nm watt/G is less than one half of AM chips. Cube is still using the Gen1 chips which are > 7w/GH
2) bitman is selling on stock units.

Yea but with AM coming out with 28nm chips around january and 45nm chips some time before that along with immersion cooling there is no reason to panic.
Where did you get that time frame? AFAIK we have no information whatsoever on 28nm. Did I miss something or you just make it up?

It was mentioned in the interview along with the fact that Friedcat plans to prepare for a network of up to 1000ph/s (currently only a few ph/s).

Won't January be too late? As CoinTerra is going to start mining next month.
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November 21, 2013, 12:08:15 PM
 #15288

How is CoinTerra doing these days?
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November 21, 2013, 12:14:39 PM
 #15289

How is CoinTerra doing these days?

everyone is delayed, even KnC by one week. Hashfast is delayed about three weeks (maybe more) and cointerra claims that one-month delay on tapeout won't delay production, but I don't believe that
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November 21, 2013, 03:21:04 PM
 #15290

Did I miss something or you just make it up?
Please stop making shit up guys. Sad
And no one should care about the last 3 hours hashrate, too.
No blocks for 3 hours??? OMFG, the world is about to go up in flames!!! Maybe a few troll sacrifices will save us from certain incineration Wink (hopefully before my ignore list becomes so big it threatens the space/time continuum)

Cluck cluck cluck! p.s.  I like the holliday quote in the sig.

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neilol
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November 21, 2013, 03:24:49 PM
 #15291

Did I miss something or you just make it up?
Please stop making shit up guys. Sad
And no one should care about the last 3 hours hashrate, too.
No blocks for 3 hours??? OMFG, the world is about to go up in flames!!! Maybe a few troll sacrifices will save us from certain incineration Wink (hopefully before my ignore list becomes so big it threatens the space/time continuum)

I THINK HASHRATE IS DROPPING, PANIC!

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November 21, 2013, 05:14:59 PM
 #15292

I am happily awaiting the entrance of the new equipment. I hope that it is 28nm with immersion cooling that is cheap and readily available upon presentation.  Wink

What you think you become. Bitrated user: apollojmr.
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November 21, 2013, 08:05:13 PM
 #15293


It was mentioned in the interview along with the fact that Friedcat plans to prepare for a network of up to 1000ph/s (currently only a few ph/s).

No, that was an initial mis-translation. The corrected translation said that he was about to have sold/deployed a total of 1000ph/s - he wasn't describing plans for the future.

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November 21, 2013, 08:37:08 PM
 #15294


It was mentioned in the interview along with the fact that Friedcat plans to prepare for a network of up to 1000ph/s (currently only a few ph/s).

No, that was an initial mis-translation. The corrected translation said that he was about to have sold/deployed a total of 1000ph/s - he wasn't describing plans for the future.
sold/deployed a total of 1000ph/s... really?  please site your source
canth
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November 21, 2013, 08:47:12 PM
 #15295


It was mentioned in the interview along with the fact that Friedcat plans to prepare for a network of up to 1000ph/s (currently only a few ph/s).

No, that was an initial mis-translation. The corrected translation said that he was about to have sold/deployed a total of 1000ph/s - he wasn't describing plans for the future.
sold/deployed a total of 1000ph/s... really?  please site your source

I'm trusting others for the translation, but yes, that is the consensus.

https://bitcointalk.org/index.php?topic=99497.msg3412581#msg3412581

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November 21, 2013, 08:54:48 PM
 #15296


It was mentioned in the interview along with the fact that Friedcat plans to prepare for a network of up to 1000ph/s (currently only a few ph/s).

No, that was an initial mis-translation. The corrected translation said that he was about to have sold/deployed a total of 1000ph/s - he wasn't describing plans for the future.
sold/deployed a total of 1000ph/s... really?  please site your source

I'm trusting others for the translation, but yes, that is the consensus.

https://bitcointalk.org/index.php?topic=99497.msg3412581#msg3412581
The consensus is 1000TH/s  Smiley

edit: else we would currently get a block every 3s.   Cheesy

Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. 
This makes Monero a better candidate to deserve the term "digital cash".
canth
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November 21, 2013, 09:02:10 PM
 #15297


It was mentioned in the interview along with the fact that Friedcat plans to prepare for a network of up to 1000ph/s (currently only a few ph/s).

No, that was an initial mis-translation. The corrected translation said that he was about to have sold/deployed a total of 1000ph/s - he wasn't describing plans for the future.
sold/deployed a total of 1000ph/s... really?  please site your source

I'm trusting others for the translation, but yes, that is the consensus.

https://bitcointalk.org/index.php?topic=99497.msg3412581#msg3412581
The consensus is 1000TH/s  Smiley

edit: else we would currently get a block every 3s.   Cheesy

LOL. Always take care of your units... Thx.

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November 21, 2013, 10:57:50 PM
 #15298


It was mentioned in the interview along with the fact that Friedcat plans to prepare for a network of up to 1000ph/s (currently only a few ph/s).

No, that was an initial mis-translation. The corrected translation said that he was about to have sold/deployed a total of 1000ph/s - he wasn't describing plans for the future.


1. 1000T would be released around Nov 7th. These chips may be sold or deployed, depending on the situation then.

2. 2nd Gen chips have already been developed long time ago. But they were delayed to deploy considering the unsatisfactory performance.

3. 3rd Gen chips were also under development during that period. It is already developed now but still under test. It is expected to become a mature product in Feb 2014, which means its key indicators would be much better than those of its competitors. It is estimated that the network hashing power would be 1000p then, while Friedcat would deliver several hundred of it.


Original translation does confuse solo mining with total sales but still doesn't change the fact that FC is preparing to compete in a 1000 ph network.
shawshankinmate37927
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November 21, 2013, 11:27:27 PM
 #15299

Original translation does confuse solo mining with total sales but still doesn't change the fact that FC is preparing to compete in a 1000 ph network.

That's how I understood it also, although it would be nice to hear it from friedcat, a board member, or a PR rep rather than "through the grapevine".

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."   - Henry Ford
darkip
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November 22, 2013, 12:28:24 AM
 #15300

As of this post, the store is now down to less than 1,000 USB Block Erupter units. These are the last units that will ever be purchaseable from an official reseller (they are no longer produced and other resellers are sold out).

The price has been dropped to 0.06 for 1-9, 0.05 for 10-49, and 0.04 for 50+. These prices include free domestic shipping.

49-Port USB hubs are now available for every multiple of 30, at a reduced price of 0.05 BTC.

International shipping has been updated to 0.02 BTC + 0.01 BTC per unit.
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