ASICMINER: Entering the Future of ASIC Mining by Inventing It

[bitfair]

The rumor is that batch one is already allocated. I expect sample devices, solo mining, and one or more bulk buyers.  We should resume Wednesday celebrations and T-shirt offerings by the end of next month  

My estimates are for an upper limit to profit from this batch of XBT 0.06 per share*. Would that be sufficient to cause celebrations?

* Assumptions: 20 PH batch size, cost $0.20/GH, revenue $0.99/GH, XBT price $650, 400k shares: (20e6*(0.99-0.20)/650)/400000=0.060769

[necro_nemesis]

Like this?

http://teespring.com/friedcat

I should be able to go a size smaller by then.

[Lloydie]

The rumor is that batch one is already allocated. I expect sample devices, solo mining, and one or more bulk buyers.  We should resume Wednesday celebrations and T-shirt offerings by the end of next month  

My estimates are for an upper limit to profit from this batch of XBT 0.06 per share*. Would that be sufficient to cause celebrations?

* Assumptions: 20 PH batch size, cost $0.20/GH, revenue $0.99/GH, XBT price $650, 400k shares: (20e6*(0.99-0.20)/650)/400000=0.060769

If those calcs correct, implies AM should mine instead of selling chips.

[jimmothy]

The rumor is that batch one is already allocated. I expect sample devices, solo mining, and one or more bulk buyers.  We should resume Wednesday celebrations and T-shirt offerings by the end of next month  

My estimates are for an upper limit to profit from this batch of XBT 0.06 per share*. Would that be sufficient to cause celebrations?

* Assumptions: 20 PH batch size, cost $0.20/GH, revenue $0.99/GH, XBT price $650, 400k shares: (20e6*(0.99-0.20)/650)/400000=0.060769

If those calcs correct, implies AM should mine instead of selling chips.

Why not both?

I doubt AM could ever mine with anything close to the targeted 1.6 exahash

[necro_nemesis]

Either that or you hit the mining hard and drive ROI down to where you have to be friedcat to succeed; but you'll never have the chance since the hash rate friedcat covered his set up costs within are no longer what you're contending with.

[hdbuck]

ohh god this thread has just turned full bullish mode.
sky is the limit!

[Chris_Sabian]

ohh god this thread has just turned full bullish mode.
sky is the limit!

Hold on...




There ya go   

[jdany]

Is the spreadsheet of AM shareholders still viewable?

[glendall]

http://www.reddit.com/r/Bitcoin/comments/20aocz/rockxie_minerasicminers_gen3_chips_is_coming_now/

fwiw

Asicminer will be back, in a big way, with specs like that.

Personally I'd love an Asicminer Cube ][

[hdbuck]

ohh god this thread has just turned full bullish mode.
sky is the limit!

Hold on...




There ya go  

+1 hehehe

just waiting for THIS

[freedomno1]

First Wednesday in 10 months that I didn't celebrate with a gourmet lunch.  Looks like next weds will be the bread line  

5. Friedcat watching us laughing his ass off as we make ridiculous uninformed guesses?

Perhaps he may come here for amusement now and then ha-ha and to poster above two posts when I was drafting lol
Jdany yep seems fine to me

[Lloydie]

The rumor is that batch one is already allocated. I expect sample devices, solo mining, and one or more bulk buyers.  We should resume Wednesday celebrations and T-shirt offerings by the end of next month  

My estimates are for an upper limit to profit from this batch of XBT 0.06 per share*. Would that be sufficient to cause celebrations?

* Assumptions: 20 PH batch size, cost $0.20/GH, revenue $0.99/GH, XBT price $650, 400k shares: (20e6*(0.99-0.20)/650)/400000=0.060769

If those calcs correct, implies AM should mine instead of selling chips.

Why not both?

I doubt AM could ever mine with anything close to the targeted 1.6 exahash

Because 20 PH implies 50% of total hash = $400 Million in annual revenue.  Even assuming running costs of 50%, that is net $200 Million, equals about .8 Btc per share.

These are static calcs and changes if AM floods the market. Even in market flood scenario, AM would dominate if they mined at more than 50% of hash. The above calcs would hold true.

Disclaimer: I don't know the actual cost of running a mining farm.

[Lloydie]

Btw, it appears rockxie is testing real AM cubes? Which implies sample run is done.

rock-miner 2 points 7 hours ago
We are testing immersion of Asicminer's cube miner, it's running well, so,both air cooled and immersion are ok, but which type will be choosed will condiser customer's demands and the cost of products.

[freedomno1]

Btw, it appears rockxie is testing real AM cubes? Which implies sample run is done.

rock-miner 2 points 7 hours ago
We are testing immersion of Asicminer's cube miner, it's running well, so,both air cooled and immersion are ok, but which type will be choosed will condiser customer's demands and the cost of products.

Yep that's the part I was implying in speculation interesting news because it means we don't have the concern of deployment and time
Rather we are waiting on the pricing

[Lloydie]

On AM value assuming $0.8 per ghs profit; at 200 PH production = 0.6 Btc per share. Anything more, we will be in Btc heaven.

[necro_nemesis]

Asicminer will be back, in a big way, with specs like that.

Personally I'd love an Asicminer Cube ][

Maybe new boards for Cube one... plus a stratum/getwork fix. 

Cube 1 was an elegant solution for it's time IMHO. Although not having it's own power supply it put emphasis on where it counted.

[Chris_Sabian]

Asicminer will be back, in a big way, with specs like that.

Personally I'd love an Asicminer Cube ][

Maybe new boards for Cube one... plus a stratum/getwork fix. 

Cube 1 was an elegant solution for it's time IMHO. Although not having it's own power supply it put emphasis on where it counted.

Having new boards to just plug into the existing cube to replace the current boards would be very elegant.

[necro_nemesis]

Even if they built on what was already established for building the previous Cube it might cut some development time out.

[bitfair]

On AM value assuming $0.8 per ghs profit; at 200 PH production = 0.6 Btc per share. Anything more, we will be in Btc heaven.

If we're extrapolating: 1600 PH/s production at a profit of $0.80 per GH/s gives approximately XBT 4.8 per share. Not bad, huh?

[minerpumpkin]

On AM value assuming $0.8 per ghs profit; at 200 PH production = 0.6 Btc per share. Anything more, we will be in Btc heaven.

If we're extrapolating: 1600 PH/s production at a profit of $0.80 per GH/s gives approximately XBT 4.8 per share. Not bad, huh?

If we're really looking at $0.8 profit per GH/s, we have to consider that this is only the price for the first month(s). The price for following batches will be lower, since mining will become less profitable. So only the first, say, 50 PH/s will make $0.8 per GH/s, afterwards we have to settle for less. That being said, it's not completely unreasonable to expect another 0.6 BTC per share coming from gen 3. Which would (still) be perfectly fine in my books...