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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3901585 times)
empoweoqwj
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December 07, 2013, 05:14:16 AM
 #15821

One thing though ....

when bitcoin has a big rally, everyone comes out with their rationale for why the AM share price drops .... fair enough.

But when bitcoin suffers a "correction", the AM share price also drops.

I don't think we need complicated theories, explanations and discussions for why AM share prices drop both whilst bitcoin is in boom or bust mood.

The only thing we need to know is AM share price is constantly dropping, and has been since July. BTC/$ exchange rate ain't relevant.

I'd buy some more AM shares now, but with another 2-3 months before Gen3 is close to happening ......... I can see some real bargain prices coming up soon Smiley
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December 07, 2013, 05:39:23 AM
 #15822

Fingers crossed they keep "straight" for another 2-3 years and we will all do well.

Does this ever keep you up nights?  Shocked
Every once in a while I get to calculating, and can't let it go  Grin
Dreams of prolific franchised containers full of boiling coolant -  forming 10% of the network. 2 years down the road, bitcoin has 2 more zeros to its valuation. Dividend x BTC x HOW many shares?  Mind=Blown

AM potential is imense. I am very happy to be onboard, regardless of share price.



Lol, no I don't worry at night about AM disappearing. I worry about  things I can control in life. Which isn't a great deal I admit ;-)

The Chinese news is a big deal though. It has put a stop to people actually *using* bitcoin in China to buy things. Baidu have stopped accepting it already. That's bad news for what we hoped would be widespread adoption in potentially the biggest market in the world.

I thought that was sensationalized news and they actually said it cannot be used as currency but can be used at their own risk. Baidu said they stopped accepting bitcoin because they were unsure of the situation.
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December 07, 2013, 05:40:50 AM
 #15823


I'd buy some more AM shares now, but with another 2-3 months before Gen3 is close to happening ......... I can see some real bargain prices coming up soon Smiley

 Wink sshhhhh!

its  alright - there will be another 40 pages of crap to wade through before I get round to buying, and nobody will care (or even read) in January what people said in December. That's the beautiful world of bitcoin Smiley
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December 07, 2013, 05:43:12 AM
 #15824

Fingers crossed they keep "straight" for another 2-3 years and we will all do well.

Does this ever keep you up nights?  Shocked
Every once in a while I get to calculating, and can't let it go  Grin
Dreams of prolific franchised containers full of boiling coolant -  forming 10% of the network. 2 years down the road, bitcoin has 2 more zeros to its valuation. Dividend x BTC x HOW many shares?  Mind=Blown

AM potential is imense. I am very happy to be onboard, regardless of share price.



Lol, no I don't worry at night about AM disappearing. I worry about  things I can control in life. Which isn't a great deal I admit ;-)

The Chinese news is a big deal though. It has put a stop to people actually *using* bitcoin in China to buy things. Baidu have stopped accepting it already. That's bad news for what we hoped would be widespread adoption in potentially the biggest market in the world.

I thought that was sensationalized news and they actually said it cannot be used as currency but can be used at their own risk. Baidu said they stopped accepting bitcoin because they were unsure of the situation.

But they have stopped. I don't think Baidu got "sensationalized" because the announcement was made in Chinese and they got the wrong end of the stick because of language difficulties  Wink
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December 07, 2013, 12:29:06 PM
 #15825

Wasn't Labcoin a "properly registered business" in HONG KONG??

Nope.
I-techpro (or something) was, but the CEO and sole shareholder of that company denied any involvement, responsibility or barely even any knowledge of labcoin.
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December 07, 2013, 03:45:09 PM
 #15826

Update

Next Gen Chips
The projected time of taping out of Gen3 is January 20. Power consumption target estimation is <0.2W per G on low power mode and <0.2$ per G on wafer cost. Please notice that the timeline is of course subject to change/adjust, and the estimation on power and cost is also based on software tool/simulation results.


Can anyone estimate after tape out , how much time will pass until chips are hashing in AM farm?

I know KNC said on July 30, 2013, that they did a tape out a some time ago, but they deliver the final product only October so i believe there are at least 3 months from tape out to hashing.

Please tell me if I'm mistaken, but we will see gen3 chips hashing and of April, beginning of May. Assuming everything goes smooth.

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December 07, 2013, 04:11:17 PM
 #15827

Can anyone estimate after tape out , how much time will pass until chips are hashing in AM farm?

I know KNC said on July 30, 2013, that they did a tape out a some time ago, but they deliver the final product only October so i believe there are at least 3 months from tape out to hashing.

Please tell me if I'm mistaken, but we will see gen3 chips hashing and of April, beginning of May. Assuming everything goes smooth.

2-3 months should be considered a realistic minimum between tape out and deployment for normal production runs (ie without paying extra for hotlots) and assuming no serious issues anywhere with either design or supply chain. Hot lots might shave a few weeks off that, but reality usually adds more.

OTOH, if this chip will be 20nm like KnC's latest announcement, it might be considerbly longer. 20nm mask creation is slower due to the need for double patterning, and the whole process is still very new and not as well understood as mature processes. For a 20nm product anything before early Q3 seems extremely optimistic to me. (That also applies to KnC, Im not buying their Q1/2 claims).

FWIW.
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December 07, 2013, 05:18:11 PM
 #15828

I'm wondering what AM can do to "fill the void" before Gen3 in March or more likely April?

They've done 1D (USB stick) ,2D (blades), and 3D (cubes) to keep the income coming in with old technology. What's next? More cubes or .... something in 4D perhaps? 4th dimension is time right, so the solution is obviously a time machine to travel 4 months forward to April and get the Gen3 chips populating their lovely new wet datacenter  Grin

If anyone has any sensible suggestions for how AM will fill the 4-month void, love to hear them.

Would put it forward as a question to AM but questions to AM end up in the void as well unfortunately ......  
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December 07, 2013, 07:45:53 PM
 #15829

Hopefully they are setting up the spaces for Gen3.  Gen1 ran into the issue of us having the hardware but no place to put it, this is one of the reasons (I believe) franchising and sales started.

With more lead time, and some experience under the belt, I would imagine we are accounting for this.

Or in other words... it is going to be a long 3 months.

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December 07, 2013, 08:32:35 PM
 #15830

I'm wondering what AM can do to "fill the void" before Gen3 in March or more likely April?

They've done 1D (USB stick) ,2D (blades), and 3D (cubes) to keep the income coming in with old technology. What's next? More cubes or .... something in 4D perhaps? 4th dimension is time right, so the solution is obviously a time machine to travel 4 months forward to April and get the Gen3 chips populating their lovely new wet datacenter  Grin

If anyone has any sensible suggestions for how AM will fill the 4-month void, love to hear them.

Would put it forward as a question to AM but questions to AM end up in the void as well unfortunately ......  


If you guys get a reasonable list of such unanswered questions together, I'd be glad to present them to FC.

This has been the case since the first poll.

Going over the posts since the last official update on November 22, I've compiled the following list.

  • When can we expect an official public relations appointment and what channels will be used to announce information?
  • What is the size of the first Gen 3 deployment and when is it expected?
  • How will Gen 3 be divided between mining, franchising and hardware sales?
  • What process size does Gen 3 use?
  • What will happen after all cubes are sold?  Will there be anything coming between now and the first Gen 3 deployment?
  • Have dividends been paid out to shareholders for the cube sales yet?

That question has already been submitted to Friedcat by ThickAsThieves.  Personally, I'm quite interested to know the answer to this, as well.

Edit: I don't expect to receive an answer before the regular update on the 22nd or 23rd of the month.
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December 07, 2013, 09:25:01 PM
 #15831

I'm wondering what AM can do to "fill the void" before Gen3 in March or more likely April?

They've done 1D (USB stick) ,2D (blades), and 3D (cubes) to keep the income coming in with old technology. What's next? More cubes or .... something in 4D perhaps? 4th dimension is time right, so the solution is obviously a time machine to travel 4 months forward to April and get the Gen3 chips populating their lovely new wet datacenter  Grin

If anyone has any sensible suggestions for how AM will fill the 4-month void, love to hear them.

Would put it forward as a question to AM but questions to AM end up in the void as well unfortunately ......  


If you guys get a reasonable list of such unanswered questions together, I'd be glad to present them to FC.

This has been the case since the first poll.

Going over the posts since the last official update on November 22, I've compiled the following list.

  • When can we expect an official public relations appointment and what channels will be used to announce information?
  • What is the size of the first Gen 3 deployment and when is it expected?
  • How will Gen 3 be divided between mining, franchising and hardware sales?
  • What process size does Gen 3 use?
  • What will happen after all cubes are sold?  Will there be anything coming between now and the first Gen 3 deployment?
  • Have dividends been paid out to shareholders for the cube sales yet?

That question has already been submitted to Friedcat by ThickAsThieves.  Personally, I'm quite interested to know the answer to this, as well.

Edit: I don't expect to receive an answer before the regular update on the 22nd or 23rd of the month.

The questions were all fielded by Friedcat and he knows how he wants to answer.

Still awaiting his post though.
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December 08, 2013, 09:49:28 PM
 #15832

Update

PR & Communications
We understand that transparency and communication to shareholders and the public needs improvement. We are in the process of identifying a dedicated employee for this. We will issue bi-weekly reports for shareholders and improve response time for questions.

Has somebody been designated for this position yet? When can we expect these bi-weekly reports to begin?
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December 08, 2013, 10:20:15 PM
 #15833

Have a look at the post immediately above yours.
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December 08, 2013, 10:25:12 PM
 #15834

Have a look at the post immediately above yours.
...
....

No, that's just what they'd be expecting us to do.

My bad, sorry.
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December 08, 2013, 10:39:42 PM
 #15835

Lol.  No worries.

I hope the PR appointee knows better than to use terms like bi-weekly.  That's just going to lead to confusion amongst the shareholders about whether updates should be every two weeks or twice a week.  Only in the world of Bitcoin would I expect that to be a problem.  Personally, I'd like to see Jutarul get the job.  Even when things are most heated and the attacks get personal, he or she always posts calmly and rationally and the posts are clear and intelligent.
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December 08, 2013, 10:53:38 PM
 #15836

Well, as long as they abide by it that's fine.  Bi-weekly would have made last Friday, the 6th, the date that an update should be posted.  I was actually taking that into consideration while making trades, which is why I wish they'd stick to the numbers with updates when they use terms like that.  That said, I am pretty embarrassed that I didn't notice that question on the list above my post. 
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December 08, 2013, 11:45:39 PM
 #15837

I'm wondering what AM can do to "fill the void" before Gen3 in March or more likely April?

They've done 1D (USB stick) ,2D (blades), and 3D (cubes) to keep the income coming in with old technology. What's next? More cubes or .... something in 4D perhaps? 4th dimension is time right, so the solution is obviously a time machine to travel 4 months forward to April and get the Gen3 chips populating their lovely new wet datacenter  Grin

If anyone has any sensible suggestions for how AM will fill the 4-month void, love to hear them.

Would put it forward as a question to AM but questions to AM end up in the void as well unfortunately ......  

I think they're stuck with the tech they've got until April. I recall reading something ages ago that their own cost to manufacture was something like $10K/TH. If we assume an average price of $500/btc over the next few months and plug the numbers in that's a manufacturing cost of 0.02btc/GH. Perhaps that manufacturing cost is wrong or perhaps they put in a big order and got a volume discount, but I don't think there's a lot of margin left in the current tech if the Cube is priced at ~0.06btc/GH.

Hopefully they've already withheld enough profits that their NRE costs for Gen 3 are covered as I don't see huge profits ahead in the next few months.

 
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December 09, 2013, 03:07:50 AM
 #15838

Apart from that your calculations are wrong everywhere (no I don't care to give details as just everything is wrong) - I cannot believe you actually ask the question if AM really kept enough BTC to cover future costs. Did you see the financial report? Rhetorical question.

I was used to a much higher quality of your posts. Do you try to buy in cheap with such a pathetic approach? FUD galore...

I'm wondering what AM can do to "fill the void" before Gen3 in March or more likely April?

They've done 1D (USB stick) ,2D (blades), and 3D (cubes) to keep the income coming in with old technology. What's next? More cubes or .... something in 4D perhaps? 4th dimension is time right, so the solution is obviously a time machine to travel 4 months forward to April and get the Gen3 chips populating their lovely new wet datacenter  Grin

If anyone has any sensible suggestions for how AM will fill the 4-month void, love to hear them.

Would put it forward as a question to AM but questions to AM end up in the void as well unfortunately ......  

I think they're stuck with the tech they've got until April. I recall reading something ages ago that their own cost to manufacture was something like $10K/TH. If we assume an average price of $500/btc over the next few months and plug the numbers in that's a manufacturing cost of 0.02btc/GH. Perhaps that manufacturing cost is wrong or perhaps they put in a big order and got a volume discount, but I don't think there's a lot of margin left in the current tech if the Cube is priced at ~0.06btc/GH.

Hopefully they've already withheld enough profits that their NRE costs for Gen 3 are covered as I don't see huge profits ahead in the next few months.
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December 09, 2013, 03:54:45 AM
 #15839

Apart from that your calculations are wrong everywhere (no I don't care to give details as just everything is wrong) - I cannot believe you actually ask the question if AM really kept enough BTC to cover future costs. Did you see the financial report? Rhetorical question.

I was used to a much higher quality of your posts. Do you try to buy in cheap with such a pathetic approach? FUD galore...

I'm wondering what AM can do to "fill the void" before Gen3 in March or more likely April?

They've done 1D (USB stick) ,2D (blades), and 3D (cubes) to keep the income coming in with old technology. What's next? More cubes or .... something in 4D perhaps? 4th dimension is time right, so the solution is obviously a time machine to travel 4 months forward to April and get the Gen3 chips populating their lovely new wet datacenter  Grin

If anyone has any sensible suggestions for how AM will fill the 4-month void, love to hear them.

Would put it forward as a question to AM but questions to AM end up in the void as well unfortunately ......  

I think they're stuck with the tech they've got until April. I recall reading something ages ago that their own cost to manufacture was something like $10K/TH. If we assume an average price of $500/btc over the next few months and plug the numbers in that's a manufacturing cost of 0.02btc/GH. Perhaps that manufacturing cost is wrong or perhaps they put in a big order and got a volume discount, but I don't think there's a lot of margin left in the current tech if the Cube is priced at ~0.06btc/GH.

Hopefully they've already withheld enough profits that their NRE costs for Gen 3 are covered as I don't see huge profits ahead in the next few months.

I'm not here for public adulation, so tell me, do you disagree with my conclusion, i.e., tiny profits December-April? If you do, I'd love to hear your argument.

 
                                . ██████████.
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December 09, 2013, 05:35:33 AM
 #15840

Lol.  No worries.

I hope the PR appointee knows better than to use terms like bi-weekly.  That's just going to lead to confusion amongst the shareholders about whether updates should be every two weeks or twice a week.  Only in the world of Bitcoin would I expect that to be a problem.  Personally, I'd like to see Jutarul get the job.  Even when things are most heated and the attacks get personal, he or she always posts calmly and rationally and the posts are clear and intelligent.

By "bi-weekly" FC definitely meant "every 2 weeks" but yes, it is ambiguous phrasing for sure.

I expect the PR appointee to be someone fluent in Chinese and English, and work within the AM organization itself. Just hope FC can find the time to find someone  Wink
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