ASICMINER: Entering the Future of ASIC Mining by Inventing It

[dexX7]

Well basically buying now is doing a Gen3 preorder. It isn't entirely wrong - but it is risky.
Unless I'm missing some of what you're saying, Vycid?

Do you remember the press release from eASIC/ActM and the market reaction and trading afterwards? Kinda reminds me of that.

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[Vycid]

Well basically buying now is doing a Gen3 preorder. It isn't entirely wrong - but it is risky.
Unless I'm missing some of what you're saying, Vycid?

Do you remember the press release from eASIC/ActM and the market reaction and trading afterwards? Kinda reminds me of that.

Oh, yeah. I do remember. I never really even bothered posting in those threads because there was no thinking, just reacting.

Here people at least took the time to try to argue with me before calling me names.

[empoweoqwj]

Well basically buying now is doing a Gen3 preorder. It isn't entirely wrong - but it is risky.
Unless I'm missing some of what you're saying, Vycid?

Do you remember the press release from eASIC/ActM and the market reaction and trading afterwards? Kinda reminds me of that.

If you see any connection between ActM and AM, I really don't know what to say apart from one was a complete buffoon operation and the other is the opposite.

[neo_lee]

good news

[rograz]

"<0.2W per G on low power mode and <0.2$ per G on wafer cost. "

Can someone let us know how this fares against the best competition around at the moment? thx

Hard to say since most of the ASIC companies seems to be focusing on max OC with their chips atm and no one has really posted max efficiency numbers. I would imagine cointerra would get similar results if they tried undervolting their chips, the question is always how much hashrate you have to give up to get there.

[BitThink]

What's the final watt/G on wall for the miner do you think. Take the Bitmain's data as an example: their chips are 0.68J/GH and the miner is 2watt/G. The AM Gen3 is less than 0.2J/GH, what will be the value of the miner? Is it more like 2 / 3.5 = 0.57 Watt/G, or more like 0.2 + (2 - 0.68) = 1.52 Watt/G, or something in between?

Anyway, the Gen1 is around 7.5Watt/G, so at least there will be 80% reduction. In other words, if AM replaces all the chips in old data center, the hashing rate will increase from 60T to 300T. (Not saying this is important, but just trying to answer a question asked couple of posts before).
 

[JimmyJazz]

Well basically buying now is doing a Gen3 preorder. It isn't entirely wrong - but it is risky.
Unless I'm missing some of what you're saying, Vycid?

Do you remember the press release from eASIC/ActM and the market reaction and trading afterwards? Kinda reminds me of that.

If you see any connection between ActM and AM, I really don't know what to say apart from one was a complete buffoon operation and the other is the opposite.

One will be starting to hast at the of the month and the other is still trying to figure out what route it will take?

[empoweoqwj]

Well basically buying now is doing a Gen3 preorder. It isn't entirely wrong - but it is risky.
Unless I'm missing some of what you're saying, Vycid?

Do you remember the press release from eASIC/ActM and the market reaction and trading afterwards? Kinda reminds me of that.

If you see any connection between ActM and AM, I really don't know what to say apart from one was a complete buffoon operation and the other is the opposite.

One will be starting to hast at the of the month and the other is still trying to figure out what route it will take?

So you are saying ActM has currently mined 0 bitcoins? If so, its not a great track record compared with AM.

Or should we compare the IPOs? I was there when Ken couldn't tell his arse from his elbow when attempting to IPO. Completely clueless.

As for "still trying to figure out what route to take", sorry, lost me there .... the AM path is pretty well mapped out.

[Kouye]

At this point I'm baffled that share price is even at this measly 0.4BTC price point.

Well, the mining wallet has already 278.67567769 BTC.

For the last dividend 329.70382331 BTC were transfered from the mining wallet.

Mining wallet @ 354, now.

[silverfuture]

At this point I'm baffled that share price is even at this measly 0.4BTC price point.

Well, the mining wallet has already 278.67567769 BTC.

For the last dividend 329.70382331 BTC were transfered from the mining wallet.

Mining wallet @ 354, now.

Yes, plus there is at least 9000 btc incoming from cube sales.  Preorder? Yeah, a preorder that pays you nice divs while waiting for the motherload.

[szmarco]

At this point I'm baffled that share price is even at this measly 0.4BTC price point.

Well, the mining wallet has already 278.67567769 BTC.

For the last dividend 329.70382331 BTC were transfered from the mining wallet.

Mining wallet @ 354, now.

Yes, plus there is at least 9000 btc incoming from cube sales.  Preorder? Yeah, a preorder that pays you nice divs while waiting for the motherload.

9000 BOX <> 9000BTC.

[apollojmr]

10-21-2013 AM was 1.06 a share. Lets hope it can get there again soon.

[silverfuture]

What, 9000? There's no way that could be right.

Update

Current Hardware Sales
The number of cubes left for sale/deployment is 9000. About 1/3 are ordered already. All older devices (USBs/new blades) are sold out.

[velacreations]

FC said 9000 cubes, and they are charging at least 1 btc for each cube, so yeah, 9000 btc for the total is possible.  That also means that at least ~3000 btc worth of cubes have been sold already.

3000 btc is .0075 per share.

[BitThink]

FC said 9000 cubes, and they are charging at least 1 btc for each cube, so yeah, 9000 btc for the total is possible.  That also means that at least ~3000 btc worth of cubes have been sold already.

Let's assume the profit margin is 80% and all cubes could be sold at 1 BTC, then 7200 / 400000 = 0.018. Considering this could be all hardware sales left in the rest of 2013, it seems not so impressing (0.018 / 5 = 0.0036 and we all know that the mining income is negligible now). Is there any information about what's the next hardware after cube?

[velacreations]

Let's assume the profit margin is 80% and all cubes could be sold at 1 BTC, then 7200 / 400000 = 0.018. Considering this could be all hardware sales left in the rest of 2013, it seems not so impressing (0.018 / 5 = 0.0036 and we all know that the mining income is negligible now). Is there any information about what's the next hardware after cube?

Costs have already been paid for, there is no way shipping is 20% of that price.

The 1/3 that have already sold were most definitely sold over 1 btc, probably closer to 1.5.  So, the figure for the sales already may be 4500 btc. If the remaining 6000 can average more than .8 btc each, we are looking at another 4800 btc, for a grand total over 9000 btc (.0225 per share)  If that's spread out evenly over 5 weeks (I doubt it will be), that's .0045 per week.

[chairforce1]

are is the 200 BTC order at .47 manipulation or did i miss something?

[silverfuture]

are is the 200 BTC order at .47 manipulation or did i miss something?

Someone is reading the forum with their calculator handy. We already know how tied the share price is with the dividend. Does anyone think it won't work in reverse?

[BitThink]

Let's assume the profit margin is 80% and all cubes could be sold at 1 BTC, then 7200 / 400000 = 0.018. Considering this could be all hardware sales left in the rest of 2013, it seems not so impressing (0.018 / 5 = 0.0036 and we all know that the mining income is negligible now). Is there any information about what's the next hardware after cube?

Costs have already been paid for, there is no way shipping is 20% of that price.

The 1/3 that have already sold were most definitely sold over 1 btc, probably closer to 1.5.  So, the figure for the sales already may be 4500 btc. If the remaining 6000 can average more than .8 btc each, we are looking at another 4800 btc, for a grand total over 9000 btc (.0225 per share)  If that's spread out evenly over 5 weeks (I doubt it will be), that's .0045 per week.

Yes, the cost of these cubes may have been paid already, but costs for the gen3 chips will be deducted from these sales. So still no reason assume revenue == profit. Moreover, assuming the rest 6000 can be all sold at .8 btc is very optimistic already considering the competition and difficulty increase. Finally, even the dividend is stable at 0.004 for the rest of this year. How about Jan - Mar 2014? I believe friedcat has to hold some dividend to cover those three months. So I will not be surprised if the dividend keeps around 0.002 for the next four months.

[velacreations]

Yes, the cost of these cubes may have been paid already, but costs for the gen3 chips will be deducted from these sales.

why do you assume that?  We've been deducting revenue for weeks to pay for that.  Why do you assume FC doesn't have the money for Gen3 already?

So still no reason assume revenue == profit.

certainly not, but 80% profit on product you have already paid for is low.

Moreover, assuming the rest 6000 can be all sold at .8 btc is very optimistic already considering the competition and difficulty increase.

Why?  they just sold 3000 in a week or so at close to 1.5.  I imagine they can sell another 3000 next week for 1.25, and the next 3000 at 1.  evenm if it takes them all of December to sell them, I think you'll find that the average price will be higher than .8 btc.

Finally, even the dividend is stable at 0.004 for the rest of this year. How about Jan - Mar 2014? I believe friedcat has to hold some dividend to cover those three months. So I will not be surprised if the dividend keeps around 0.002 for the next four months.

When has he ever done that?  He pays out the dividend when he has it, he doesn't hold it to give dividend for later months.