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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3901410 times)
bitsalame
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March 27, 2014, 03:41:28 AM
 #18101

This is the second time in a row.
Once is an anomaly, twice is a coincidence, thrice is a pattern.

I don't like when patterns start shifting, it is worrisome.
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March 27, 2014, 04:05:18 AM
 #18102

Reasoning by induction is like walking on ice, and yet it's all we have now.
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March 27, 2014, 04:16:35 AM
 #18103

This is the second time in a row.
Once is an anomaly, twice is a coincidence, thrice is a pattern.

I don't like when patterns start shifting, it is worrisome.

He used to pay out dividends on Thursday, when they were heavily deploying Gen1 hardware.
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March 27, 2014, 04:17:40 AM
 #18104

I was kinda hoping for some dust this week. Guess I am disappointed.
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March 27, 2014, 04:20:12 AM
 #18105

I was kinda hoping for some dust this week. Guess I am disappointed.

Look, rockxie was in a rush to get that IPO in. That means he really wanted to get that first batch of chips. With that first batch sold out, we're looking at around 4000 BTC or about 0.01/share in the coming weeks. Just gotta wait with baited breath...
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March 27, 2014, 04:23:35 AM
 #18106

I was kinda hoping for some dust this week. Guess I am disappointed.

Look, rockxie was in a rush to get that IPO in. That means he really wanted to get that first batch of chips. With that first batch sold out, we're looking at around 4000 BTC or about 0.01/share in the coming weeks. Just gotta wait with baited breath...

(Drum roll)...
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March 27, 2014, 05:45:18 AM
 #18107

Assuming the trades I'm doing now are done, my auction should be finished.

Good stuff

I was kinda hoping for some dust this week. Guess I am disappointed.

Look, rockxie was in a rush to get that IPO in. That means he really wanted to get that first batch of chips. With that first batch sold out, we're looking at around 4000 BTC or about 0.01/share in the coming weeks. Just gotta wait with baited breath...

I think we can tell who the long holders are now for the most part as we wait with baited breath
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March 27, 2014, 05:59:00 AM
 #18108

This is the second time in a row.
Once is an anomaly, twice is a coincidence, thrice is a pattern.

I don't like when patterns start shifting, it is worrisome.

Dividends have been acting strangely over the last few weeks without more context it is hard to tell if they are just getting a tad lazy or something else is happening though.

Perhaps they are considering making it bi-weekly since the amounts are getting smaller or they just prefer Thursdays because they are busy with chips on Wednesdays time-table scheduling etc.

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March 27, 2014, 09:43:49 AM
 #18109

This is the second time in a row.
Once is an anomaly, twice is a coincidence, thrice is a pattern.

I don't like when patterns start shifting, it is worrisome.

Dividends have been acting strangely over the last few weeks without more context it is hard to tell if they are just getting a tad lazy or something else is happening though.

Perhaps they are considering making it bi-weekly since the amounts are getting smaller or they just prefer Thursdays because they are busy with chips on Wednesdays time-table scheduling etc.

Well, if AM is receiving engineering samples tomorrow, then it's no great leap to imagine that they may be kind of busy right now...
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March 27, 2014, 10:15:03 AM
 #18110

Doesn't sound too good! No divs, and rockxie raising all that BTC.

Will they be running? - I for one hope not.
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March 27, 2014, 10:40:39 AM
 #18111

This is the second time in a row.
Once is an anomaly, twice is a coincidence, thrice is a pattern.

I don't like when patterns start shifting, it is worrisome.

Dividends have been acting strangely over the last few weeks without more context it is hard to tell if they are just getting a tad lazy or something else is happening though.

Perhaps they are considering making it bi-weekly since the amounts are getting smaller or they just prefer Thursdays because they are busy with chips on Wednesdays time-table scheduling etc.

Well, if AM is receiving engineering samples tomorrow, then it's no great leap to imagine that they may be kind of busy right now...

Yeah FC runs around and does everything.  Grin It's called "staff".
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March 27, 2014, 11:10:51 AM
 #18112

This is the second time in a row.
Once is an anomaly, twice is a coincidence, thrice is a pattern.

I don't like when patterns start shifting, it is worrisome.

Dividends have been acting strangely over the last few weeks without more context it is hard to tell if they are just getting a tad lazy or something else is happening though.

Perhaps they are considering making it bi-weekly since the amounts are getting smaller or they just prefer Thursdays because they are busy with chips on Wednesdays time-table scheduling etc.

Well, if AM is receiving engineering samples tomorrow, then it's no great leap to imagine that they may be kind of busy right now...

I wonder whether they meant that they'll be receiving them tomorrow or rather that the samples will be finished by TSMC and have yet to arrive at AM. So we may better be holding our breaths till tuesday/wednesday next week.

I should have gotten into Bitcoin back in 1992...
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March 27, 2014, 11:32:40 AM
 #18113

My best guess is there were a lot of transfers this week because of rockminer.
The delay is probably more of FC being accommodating rather than lazy.

If I were paying a dividend, I would prefer transfers were settled for the week before I paid out - as to not generate 500 "where's my dividend" messages.

Two direct share auctions that ended right before Wednesday...
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March 27, 2014, 11:55:26 AM
Last edit: March 27, 2014, 07:13:18 PM by antirack
 #18114

I hope this doesn't need to be updated:

White Paper: Analysis of Large-Scale Bitcoin Mining Operations
http://www.immersion-cooling.com/publications/Analysis_of_Large-Scale_Bitcoin_Mining_Operations.pdf

Quote
Example #2: ASICMiner Gen3 - Most Efficient Next-Gen Cluster
The Generation-3 ASICMiner chip (manufactured and sold by ASICMiner/Bitfountain) is presently considered the most efficient and least expensive mining device to be released in 2014. The hardware will be available from ASICMiners partners and distributors worldwide, adding a total hashrate of 400PH/s to 1600PH/s to the network within this year .
The final price is currently unknown, but the chips themselves are sold for $500 to $1000 per TH/s. Initial tests suggest a power consumption of 500W with a performance of 1TH/s and room for improvement.  
A very conservative assumption would be a 50% increase in manufacturing cost for the finished board including power-train and power supplies, resulting in a final blade-style unit with 4TH/s and 2000W power consumption at a manufacturing price of $1500.

Assuming total network hashrate of an arbitrary 175 PH/s (5X current network) at the time of deployment, this would mean the equivalent of around 43,750 AM-Gen3-2000W units. By extension, one would have to commission 4,375 units worth $6.6 million to own 10% of the network, or 436 units worth $654,000 to own 1%.
Assuming the space usage equivalent of a 4U enclosure for sufficient air flow, a 1.2MW cluster with 600 units, at 10 units per rack, this would imply a physical foot print of 1,200 / 2 / 10 = 60 high density 20kW racks @ about 60 x (8x2) ft2 = 960 ft2 of data center space to own 1.37% of the network (at a hardware cost of $900,000).
All this would provide the miner about $30.400 per day in gross revenue in an arbitrary 175PH/s future network hashrate (~$643 USD/BTC).

Quote
Example 2.4PH 1.2MW Mining Container (ASICMiner Gen3):
●   6 tanks per container, 200kW-240kW each
●   400 boards each tank, 500W per board, 2,400 boards total
●   Equivalent to 600 4U boxes
●   Shipping container footprint instead of 60 racks in high density facility
●   2-3PH/s at estimated hashrate (based on reports from China )
●   No thermal throttling, possible performance increase to be tested with actual hardware
●   Fixed and predictable cost, no matter if fully or only partially populated

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March 27, 2014, 02:04:29 PM
 #18115

estimated divs ? anyone can guess ?

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March 27, 2014, 02:51:45 PM
 #18116

goose egg
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March 27, 2014, 02:54:22 PM
 #18117

0.00000000504 give or take, unless we suddenly see a ton of BTC from Rockxie and unless I pulled the wrong AM address from cache (but it looks like the right one).

“In Putin’s Russia bitcoin exchanges you.” - http://www.coindesk.com/ceo-bitcoin-officially-bans-china/
List of major BTC scams https://bitcointalk.org/index.php?topic=576337
Bitstamp "no transfer" banks/countries list: https://bitcointalk.org/index.php?topic=270716.0
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March 27, 2014, 02:58:58 PM
Last edit: March 27, 2014, 03:15:25 PM by SmiGueL
 #18118

Based on the wallet: ~0.00006650 BTC/share.

Asicminer Hashrate Charts @ www.asicminercharts.com

Donations BTC: 1SmiGSGWXzD5aZhmw3jyfpBFCgiki45MT
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March 27, 2014, 03:25:05 PM
 #18119

0.00000000504 give or take, unless we suddenly see a ton of BTC from Rockxie and unless I pulled the wrong AM address from cache (but it looks like the right one).

0.00000000504?  I think your estimate is a bit off, considering the protocol would not allow for a div that small.  Not only that, but it would be an unprecedentedly small div.

I wonder if the current issues with the PBOC have anything to do with the delay...

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March 27, 2014, 03:27:17 PM
 #18120

0.00000000504 give or take, unless we suddenly see a ton of BTC from Rockxie and unless I pulled the wrong AM address from cache (but it looks like the right one).

0.00000000504?  I think your estimate is a bit off, considering the protocol would not allow for a div that small.  Not only that, but it would be an unprecedentedly small div.

I wonder if the current issues with the PBOC have anything to do with the delay...

Don't think he is off - there is just no revenue from mining or sales that have hit the wallet - which is to be expected. I assume he would skip the div this week if that is the case


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