ASICMINER: Entering the Future of ASIC Mining by Inventing It

[nycgoat]

hmmm 00:00 in my country right now, do we have 1st week without dividend ? Board, any info for heads up? Whats happening? 

Their address has plenty of coins in it, probably just a software bug on their end.  I think they paid our a day late last week too.

[Bonam]

What makes you think the ASICs coming to GPUs leaving BTC made the price go up?? Where do you find the causality??

noone can prove causality about anything bitcoin related for the most part. but, look at the correlation. look at the time that asics started mass coming out and the price (obviously many factors involved). the theory is that miners spent way too much on mining gear that probably wont roi in btc  so them selling at a loss didn't make sense so hence driving prices up (miners refusing to sell below fiat/btc cost) - mining costs are essentially a floor at the moment. there are many theories of course. regardless, people are going against alt coins for the wrong reasons.

it's purely a "business decision" where if profit > cost or opportunity cost than you do something.
100mh (effectively 100gh in sha-2) mining is going for 10k. there's obviously higher margins there for the time being.

Price for bitcoins went up right around when they got more media publicity and the US senate hearings about bitcoins, etc. The overall movement of BTC around the bitcoin economy in a given day is far larger than the amount of coins mined in a given day, so miners have only a minimal impact on bitcoin exchange rates. It all just goes back to supply and demand.

In regards to scrypt ASICs... let's just focus on getting gen3 out into the market and make some profit off that. I'd say the next priority after that should be gen4, presumably on a 22-28nm process, which should stay profitable for a longer time, as the easy gains of process size will then be behind us and bitcoin miner ASIC process size will then only advance at the pace of technological advance, rather than doing the super quick catch up from nothing to current technology levels that we've seen over the past year.

[vortex1878]

Funny that nobody is looking at the efficiency of the Scrypt ASICs. I am still going very well with my 7970s compared to all Scrypt ASCICs offered now.

Friedcat stated clearly why ASICMINER will not go for the manufacturing of SCRYPT ASICs.

https://bitcointalk.org/index.php?topic=99497.msg3222593#msg3222593

[jimmothy]

Funny that nobody is looking at the efficiency of the Scrypt ASICs. I am still going very well with my 7970s compared to all Scrypt ASCICs offered now.

Friedcat stated clearly why ASICMINER will not go for the manufacturing of SCRYPT ASICs.

https://bitcointalk.org/index.php?topic=99497.msg3222593#msg3222593

Did you see kncminers new 100mh scrypt miner? $0.1/kh cant beat that.

[vortex1878]

Funny that nobody is looking at the efficiency of the Scrypt ASICs. I am still going very well with my 7970s compared to all Scrypt ASCICs offered now.

Friedcat stated clearly why ASICMINER will not go for the manufacturing of SCRYPT ASICs.

https://bitcointalk.org/index.php?topic=99497.msg3222593#msg3222593

Did you see kncminers new 100mh scrypt miner? $0.1/kh cant beat that.

Nope. I don't wanna burn my house down with vaporware.

Anyway I should ignore anything a mongo troll like you is posting, fucktard. Facepalm to myself reading you. Ouch.

[jimmothy]

Funny that nobody is looking at the efficiency of the Scrypt ASICs. I am still going very well with my 7970s compared to all Scrypt ASCICs offered now.

Friedcat stated clearly why ASICMINER will not go for the manufacturing of SCRYPT ASICs.

https://bitcointalk.org/index.php?topic=99497.msg3222593#msg3222593

Did you see kncminers new 100mh scrypt miner? $0.1/kh cant beat that.

Nope. I don't wanna burn my house down with vaporware.

Anyway I should ignore anything a mongo troll like you is posting, fucktard. Facepalm to myself reading you. Ouch.

I'm sorry if the news bothers you but no need to go off like that.

Fact is that gpus are going to need to find a new algorithm/coin to mine when these scrypt asics hit.

[vortex1878]

Funny that nobody is looking at the efficiency of the Scrypt ASICs. I am still going very well with my 7970s compared to all Scrypt ASCICs offered now.

Friedcat stated clearly why ASICMINER will not go for the manufacturing of SCRYPT ASICs.

https://bitcointalk.org/index.php?topic=99497.msg3222593#msg3222593

Did you see kncminers new 100mh scrypt miner? $0.1/kh cant beat that.

Nope. I don't wanna burn my house down with vaporware.

Anyway I should ignore anything a mongo troll like you is posting, fucktard. Facepalm to myself reading you. Ouch.

I'm sorry if the news bothers you but no need to go off like that.

Fact is that gpus are going to need to find a new algorithm/coin to mine when these scrypt asics hit.

LÖL. No news are bothering me at all. Just your mongoloidness. Great that you prove it again. Might wanna shut up for the sake of us all?

[jimmothy]

LÖL. No news are bothering me at all. Just your mongoloidness. Great that you prove it again. Might wanna shut up for the sake of us all?

Why are you so mad?

[chriswilmer]

Guys, take it to another thread. By BitcoinTalk forum standards the AM thread is a place of fairly civil discourse.

[jimmothy]

Guys, take it to another thread. By BitcoinTalk forum standards the AM thread is a place of fairly civil discourse.

I agree. Sorry to let it get derailed.

Back on topic please.

[necro_nemesis]

Alas, I won't be fuelling the Gulfstream off the dividend this week but any thoughts to the significance of it's absence?

[chriswilmer]

curious about the late dividend...

[lunarboy]

Late dividend payment ... but on the other hand that's the 5th block of the week just found, so maybe we do have a bit more firepower online these days 

[eb3full]

Board members should raise this issue with friedcat.

[necro_nemesis]

So little official information arising lately from what appears to be efforts centered on providing concrete Gen3 progress but it would be of interest to hear if a conscious strategic change was made regarding dividend payment or reinvestment and the rationale behind the decision.

[ffwong]

scrypt asic should be reconsidered, friedcat.
if another chinese company can produce scrypt asic, i don't see why AM cannot. Like early microsoft, they take part in any new business to grow.

AM can consider to acquire the company producing scrypt asic also.

[aahzmundus]

scrypt asic should be reconsidered, friedcat.
if another chinese company can produce scrypt asic, i don't see why AM cannot. Like early microsoft, they take part in any new business to grow.

AM can consider to acquire the company producing scrypt asic also.

Altcoins are a distraction and waste of time.  Friedcat has enough on his plate at the moment with bitcoin asics... focusing on one thing is what makes the process strong. Want a scrypt asic?  Go start your own company.

[Rival]

Altcoins might be fun, and they may be occasionally profitable, and they are certainly laboratories for experimentation. However, their existence does not come without an explicit cost.

That cost is a dilution of the value of bitcoins. If all of the value currently expressed by all altcoins were liquidated and transferred to bitcoins, bitcoins would currently be valued in excess of $5000 each. The question is not whether altcoins should exist. The question is whether their existence is worth having bitcoins valued at $600 instead of $5000. Which of course begs the question of whether we are better off with bitcoins at $600 as opposed to $5000 in the first place.

I am not qualified to answer these questions, but I think I am qualified to ask them. I think if I were Friedcat those particular questions would present unknowns that I would not want to factor into my business plan. Bitcoins are speculative enough as they are without designing dozens of other chips to optimize mining whatever altcoin might be the flavor of the day, regardless of how popular they may be at the moment.

[jimmothy]

That cost is a dilution of the value of bitcoins. If all of the value currently expressed by all altcoins were liquidated and transferred to bitcoins, bitcoins would currently be valued in excess of $5000 each.

Where did you get the $5000 number from?

Bitcoins market cap in USD is $7.5 billion and all altcoins combined market cap is a little less than $1 billion.

[freedomno1]

No dividend yet? Weird...

Agree weird maybe its due to last weeks missending issue