ASICMINER: Entering the Future of ASIC Mining by Inventing It

[necro_nemesis]

When is the next financial statement supposed to come in? Do we have any dates? This should be interesting because the first gen 3 dividends are supposed to come in then.

Jutural stated he would kindly take our questions to the board. @minerpumpkin Would you be willing gather those questions again? This approach worked the last time. Can't argue with success.

Yeah, sure! Do we need further answers already or do we want to wait and see how things play out over the next weeks. I, for one, am rather content right now with the information on AM's current status (a seldom, yet blissful state  )

Concerning the pre-orders: I guess waiting for a product to be delivered in 4 months alienates a lot of people, we all know about the pre-orders last year. Although I don't think there's less money flowing into mining. If it was to decline, the hashrate wouldn't go berserk the way it still does.

Jutural extended the offer in his last post for follow up questions which I would take advantage of. I for one would like to know more about franchising and you had a very pertinent question regarding when the next financials would be published. I'm certain now that people have had the time to digest the previous post they may want some further information. PR is usually a push system but the offer is there for us to pull so let's try and formulate questions that stay within the scope of AM as an investment as this thread was structured for and submit them.

[stompysteve]

4) When are the new chips expected to start mining in ASICMiner datacenters and what hashrate are you currently planning on deploying?
re 4) May-June for air cooling and June-July for immersion cooling. They are only capable of 3PH. Most should go franchising or as chips for other vendors' OEM products.

I dont understand why only 3PH, are we going back to the days of mining in a pool?

[hdbuck]

i just hope that since we are not going to see massive dividends from mining activities anymore, the conversion of fiat from chip sales to bitcoin will be conducted with due diligence. (and preferably when bitcoin is at a low price )

(maybe i am missing a part with franchisees, but i dont recall any infos about expected % of their mining activities perceived, overall franchisees hashing power, etc.)

[jimmothy]

4) When are the new chips expected to start mining in ASICMiner datacenters and what hashrate are you currently planning on deploying?
re 4) May-June for air cooling and June-July for immersion cooling. They are only capable of 3PH. Most should go franchising or as chips for other vendors' OEM products.

I dont understand why only 3PH, are we going back to the days of mining in a pool?

"Only 3ph" never heard that one before.

Don't forget about franchising.

I hope AM will use/franchise a few 1MW immersion cooled containers.

[necro_nemesis]

I'm just trying to appreciate this placement of 100P. If RM is looking at 10P and we initially were looking at 2P - 20P production back in December; where's the remainder of the production headed? I have to suspect a fair percentage is going to franchising but I don't have an appreciation of the mechanics of how much of that revenue is apportioned to shareholders.

As to pooling I suggest AM start their own public pool with the use of mining and franchising to get enough of the network to solve sufficient blocks under their own moniker. Allow others to join in and charge the going rate. It would be a great representation of the tour de force they've created while allowing them to reap a constant percentage no matter how big the network increases thereby adding a small measure of stability to their revenue stream.

[minerpumpkin]

When is the next financial statement supposed to come in? Do we have any dates? This should be interesting because the first gen 3 dividends are supposed to come in then.

Jutural stated he would kindly take our questions to the board. @minerpumpkin Would you be willing gather those questions again? This approach worked the last time. Can't argue with success.

Yeah, sure! Do we need further answers already or do we want to wait and see how things play out over the next weeks. I, for one, am rather content right now with the information on AM's current status (a seldom, yet blissful state  )

Concerning the pre-orders: I guess waiting for a product to be delivered in 4 months alienates a lot of people, we all know about the pre-orders last year. Although I don't think there's less money flowing into mining. If it was to decline, the hashrate wouldn't go berserk the way it still does.

Jutural extended the offer in his last post for follow up questions which I would take advantage of. I for one would like to know more about franchising and you had a very pertinent question regarding when the next financials would be published. I'm certain now that people have had the time to digest the previous post they may want some further information. PR is usually a push system but the offer is there for us to pull so let's try and formulate questions that stay within the scope of AM as an investment as this thread was structured for and submit them.

Okay, those questions definitely make sense! Guys and Girls, more questions?

[necro_nemesis]

I d also like something addressing the stockholder PR.  We see the occasional post regarding product but not enough on the strategic side. Investor relations could use work and it appears now the company can hold it's ground for the long haul and improve in the areas of uncertainty through better communications.  I believe it's in everyone's interest including the company's.

[cs54]

As far as financial statements, perhaps those are coming this Friday (or more likely, Friday-ish)?

July 23, 2013 - https://bitcointalk.org/index.php?topic=99497.msg2788821#msg2788821
Oct 27, 2013 - https://bitcointalk.org/index.php?topic=99497.msg3422086#msg3422086
Jan 25, 2013 -  
Apr 25, 2013 -  

[Franktank]

As far as financial statements, perhaps those are coming this Friday (or more likely, Friday-ish)?

July 23, 2013 - https://bitcointalk.org/index.php?topic=99497.msg2788821#msg2788821
Oct 27, 2013 - https://bitcointalk.org/index.php?topic=99497.msg3422086#msg3422086
Jan 25, 2013 -  
Apr 25, 2013 -  

I notified Jutarul about this on the 15th and he said that he would consult friedcat about this. Now knowing that 850k chips are on the way, friedcat may be really busy for the rest of the month. Jutarul will post more about this once he gets more info.

[empoweoqwj]

4) When are the new chips expected to start mining in ASICMiner datacenters and what hashrate are you currently planning on deploying?
re 4) May-June for air cooling and June-July for immersion cooling. They are only capable of 3PH. Most should go franchising or as chips for other vendors' OEM products.

I dont understand why only 3PH, are we going back to the days of mining in a pool?

Because AM (a small organisation) don't want to focus any more on running mining farms, with all the complexities, risks and difficulties involved.

Instead they are focused on chip manufacturing.

Entirely sensible to me. Much more nimble strategy.

Sell millions of chips. Deliver big dividends for shareholders. Design and manufacture new chips. Repeat.

[jimmothy]

I agree that creating a pool should be the least of AMs priorities but there is really no better advertising than a goliath sized AM hardware only pool.

[necro_nemesis]

Playing the devils advocate. Why would KNC go to the lengths mining in which they did? I'm just finding the space issue being a little difficult to appreciate; particularly in the instances of air cooled operations. The cost to lease space has got to be a very small percentage of the cost of equipment being put inside; almost to the point one would think it's inconsequential.

I agree that creating a pool should be the least of AMs priorities but there is really no better advertising than a goliath sized AM hardware only pool.

Edit: Well here's an opportunity to make mining even more user friendly. The equipment could already be configured to mine off the pool directed at a worker assigned from the factory and registered in the pool. All one would need to do is register that worker to their account. Done!

I wouldn't close the door to other equipment. It's all revenue and just strengthens recognition of AM. Maybe this gen of miners they have aren't AM but I'm sure it would have them looking at them the next time they come around to buying. The site could even promote AM product while people peruse their way through their earnings.

[sngwinner]

I would like to know what capacity our current franchise partners have for bringing new chips online. Is it another 3ph, 30ph or more?  This would give us insight into what we can expect for future AM mining income. It looks like this will be dominated by franchising income.

[minerpumpkin]

I really, really don't see the point in selling shares now. Things are looking pretty bright and the first round of gen 3 dividends may literally come any day now! The price can only go higher if things aren't somehow derailing due to something completely unforeseen.
It may still take a couple of weeks but the chip capacities look really promising.

[Franktank]

I would like to know what capacity our current franchise partners have for bringing new chips online. Is it another 3ph, 30ph or more?  This would give us insight into what we can expect for future AM mining income. It looks like this will be dominated by franchising income.

Based off of this document (pg 9-10), here are the supposed specifications:

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 China24)
● No thermal throttling, possible performance increase to be tested with actual hardware
● Fixed and predictable cost, no matter if fully or only partially populated

So for those who can afford/access 1.2 MW, they may be able to franchise with ASICMiner. Keep in mind that the only "franchisees" so far have been board members, though it's likely to expand to other parties via contract.

EDIT: Fixed link

[Franktank]

I really, really don't see the point in selling shares now. Things are looking pretty bright and the first round of gen 3 dividends may literally come any day now! The price can only go higher if things aren't somehow derailing due to something completely unforeseen.
It may still take a couple of weeks but the chip capacities look really promising.

Manipulation, it's their last chance to grab up cheap shares.

[rudi]

I would like to know what capacity our current franchise partners have for bringing new chips online. Is it another 3ph, 30ph or more?  This would give us insight into what we can expect for future AM mining income. It looks like this will be dominated by franchising income.

Based off of this document (pg 9-10), here are the supposed specifications:

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 China24)
● No thermal throttling, possible performance increase to be tested with actual hardware
● Fixed and predictable cost, no matter if fully or only partially populated

So for those who can afford/access 1.2 MW, they may be able to franchise with ASICMiner. Keep in mind that the only "franchisees" so far have been board members, though it's likely to expand to other parties via contract.

Thanks, that's some really good info!

Also realized that:
1) the total hashrate of the bitcoin network is equivalent to 25 such shipping containers -> That's not a whole lot of space
2) you could power the whole network with 30MW -> that's a bit less than a fourth of a Boeing 747 according to Wikipedia. Also not that much.

[minerpumpkin]

Thanks, that's some really good info!

Also realized that:
1) the total hashrate of the bitcoin network is equivalent to 25 such shipping containers -> That's not a whole lot of space
2) you could power the whole network with 30MW -> that's a bit less than a fourth of a Boeing 747 according to Wikipedia. Also not that much.

Yeah, but the hashrate will, again, increase and AM/franchisees will have to work harder than ever to gain a decent amount of the network.

If we leave out the full nodes and 'true infrastructure', you could power the network with an AM Block Erupter USB. Hashrate is merely a limited good in order to establish a distributed consensus.

[spinoff]

The price can only go higher if things aren't somehow derailing due to something completely unforeseen.

well, if chips are being sold for $ which are then converted to BTC and distributed as dividends, the price of BTC going up (potentially) will have a downward force on dividends, thus on share price.

Infact, I remember reading here, last year, friedcat or someone else saying "miners make only sense to be priced in bitcoins", which makes sense since they will produce bitcoins... Why are they being sold for dollars now?

[CanaryInTheMine]

The price can only go higher if things aren't somehow derailing due to something completely unforeseen.

well, if chips are being sold for $ which are then converted to BTC and distributed as dividends, the price of BTC going up (potentially) will have a downward force on dividends, thus on share price.

Infact, I remember reading here, last year, friedcat or someone else saying "miners make only sense to be priced in bitcoins", which makes sense since they will produce bitcoins... Why are they being sold for dollars now?

Foundry takes dollars, not btc.