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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3901475 times)
necro_nemesis
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March 13, 2014, 06:54:40 PM
 #17801


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

You don't sound very grateful. People pay good money for an effective weight loss plan.

In the absence of an announcement what's anyone's best guess?

1. All of batch 1 going to rock-miner to be sold in devices come May?
2. All of batch 1 going to rock-miner to be built into devices, some added to AM mining and some devices sold?
3. Batch 1 still being available to larger system developers and some being provided to rock-miner?
4. Batch 1 going into Asicminer 's own devices and the remainder sold to rock-miner?
5. Friedcat watching us laughing his ass off as we make ridiculous uninformed guesses?
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bitfair
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March 13, 2014, 07:30:14 PM
 #17802

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  Cool

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
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March 13, 2014, 07:31:39 PM
 #17803

Like this?

http://teespring.com/friedcat

I should be able to go a size smaller by then.
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March 13, 2014, 08:17:31 PM
 #17804

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  Cool

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.
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March 13, 2014, 08:31:11 PM
 #17805

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  Cool

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
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March 13, 2014, 08:38:49 PM
 #17806

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.
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March 13, 2014, 08:43:02 PM
 #17807

ohh god this thread has just turned full bullish mode.
sky is the limit! Cheesy
Chris_Sabian
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March 13, 2014, 09:21:30 PM
 #17808

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




There ya go   Cool
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March 13, 2014, 09:51:19 PM
 #17809

Is the spreadsheet of AM shareholders still viewable?
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March 13, 2014, 10:09:13 PM
 #17810


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

Personally I'd love an Asicminer Cube ][
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March 13, 2014, 10:10:34 PM
 #17811

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




There ya go   Cool

+1 hehehe

just waiting for THIS







Cool
freedomno1
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March 13, 2014, 10:13:53 PM
 #17812


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

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
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March 13, 2014, 10:23:52 PM
 #17813

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  Cool

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
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March 13, 2014, 10:27:01 PM
 #17814

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


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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
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March 13, 2014, 10:30:16 PM
 #17815

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


Quote
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
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March 13, 2014, 10:47:08 PM
 #17816

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
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March 13, 2014, 11:15:34 PM
 #17817



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.  Roll Eyes

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
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March 13, 2014, 11:18:32 PM
 #17818



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.  Roll Eyes

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
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March 14, 2014, 12:09:07 AM
Last edit: March 15, 2014, 12:48:19 AM by necro_nemesis
 #17819

Even if they built on what was already established for building the previous Cube it might cut some development time out.
bitfair
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March 14, 2014, 06:11:36 PM
 #17820

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?
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