Bitcoin Forum
October 04, 2022, 10:53:00 PM *
News: Latest Bitcoin Core release: 23.0 [Torrent]
 
   Home   Help Search Login Register More  

Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

Warning: One or more bitcointalk.org users have reported that they strongly believe that the creator of this topic is a scammer. (Login to see the detailed trust ratings.) While the bitcointalk.org administration does not verify such claims, you should proceed with extreme caution.
Pages: « 1 ... 966 967 968 969 970 971 972 973 974 975 976 977 978 979 980 981 982 983 984 985 986 987 988 989 990 991 992 993 994 995 996 997 998 999 1000 1001 1002 1003 1004 1005 1006 1007 1008 1009 1010 1011 1012 1013 1014 1015 [1016] 1017 1018 1019 1020 1021 1022 1023 1024 1025 1026 1027 1028 1029 1030 1031 1032 1033 1034 1035 1036 1037 1038 1039 1040 1041 1042 1043 1044 1045 1046 1047 1048 1049 1050 1051 1052 1053 1054 1055 1056 1057 1058 1059 1060 1061 1062 1063 1064 1065 1066 ... 1348 »
  Print  
Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3914431 times)
Anotheranonlol
Hero Member
*****
Offline Offline

Activity: 588
Merit: 500


View Profile
June 02, 2014, 03:48:11 PM
 #20301

when the market price (although preorder) is supposedly at $0.35 and we probably haven't even achieved that price for the earliest (April) batch?

One supplier order 3PH AM chips, he mention that market price for late june is actually less than that (for bulk order)
so somethings don't add up.

"Governments are good at cutting off the heads of a centrally controlled networks like Napster, but pure P2P networks like Gnutella and Tor seem to be holding their own." -- Satoshi
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
minerpumpkin
Hero Member
*****
Offline Offline

Activity: 686
Merit: 500


A pumpkin mines 27 hours a night


View Profile
June 02, 2014, 04:05:38 PM
 #20302

when the market price (although preorder) is supposedly at $0.35 and we probably haven't even achieved that price for the earliest (April) batch?

One supplier order 3PH AM chips, he mention that market price for late june is actually less than that (for bulk order)
so somethings don't add up.

Do you've got sources or anything? A price below $0.35 sounds quite worrying.

I should have gotten into Bitcoin back in 1992...
willBTC
Full Member
***
Offline Offline

Activity: 134
Merit: 100


View Profile
June 02, 2014, 04:06:02 PM
 #20303

when the market price (although preorder) is supposedly at $0.35 and we probably haven't even achieved that price for the earliest (April) batch?

One supplier order 3PH AM chips, he mention that market price for late june is actually less than that (for bulk order)
so somethings don't add up.

source?

▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
ASICMINERTUBE
         The Best $/Gh Bitcoin Miner So Far              Discover now!
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
Anotheranonlol
Hero Member
*****
Offline Offline

Activity: 588
Merit: 500


View Profile
June 02, 2014, 04:26:23 PM
 #20304

when the market price (although preorder) is supposedly at $0.35 and we probably haven't even achieved that price for the earliest (April) batch?

One supplier order 3PH AM chips, he mention that market price for late june is actually less than that (for bulk order)
so somethings don't add up.

Do you've got sources or anything? A price below $0.35 sounds quite worrying.

I can only show screenshot from QQ, perhaps it's not enough for you.

and by the way, Bitfury new datacentre (on kimito island, finland) also uses Oil-immersion, they have 20mw plant and next gen chip in works.

Antminer S3 (28nm) out shortly- they are very popular with those that don't like preorder so for small customer am have no edge, Spoondoolies is coming out of shadows, even Avalon is apparently kicking into gear with tape-out of a next chip.

the delusions of AM dominating the market like the golden days will have to have a splash of cold water, for too long AM investors demonstrate irrational exuberance, holding this stock up to crazy levels when it stuck paying less than a high street bank in divs.

Mabsark
Legendary
*
Offline Offline

Activity: 826
Merit: 1004


View Profile
June 02, 2014, 05:18:53 PM
 #20305

Okay, please explain the following issue at hand: The April (not May as I erroneously stated) batch had 8.5 PH/s. Why do we only have $3,691,731 in chip sales? This would translate (as mentioned earlier) to a price of $0.43/GH/s for May. We should have yielded more revenue.

Actually, assuming a value of 500 USD/BTC and the current price of RMB/USD, there was about 4.41 million USD in chip sales. Why is there only that much? Perhaps payment hadn't been received for all the chips sold? Perhaps AM didn't sell all the chips? There's numerous reasons.

- What makes you think we achieved a price of $0.50-$1.00/GH/s (we all know this used to be the target)

Simply because that's the price that was told us.

- How can we achieve a price exceeding $0.40 for June+ batches, when the market price (although preorder) is supposedly at $0.35 and we probably haven't even achieved that price for the earliest (April) batch?

Is there any evidence for that price though? I haven't seen it, have you? Friedcat did say the price would be lower for the later batches but he didn't say what price they would be.
KarmaShark
Hero Member
*****
Offline Offline

Activity: 595
Merit: 507



View Profile
June 02, 2014, 05:27:02 PM
 #20306

Until FC comes here and tells us or answers these vital questions from the shareholders inquiry going out, we will speculate for pages upon pages with no traction. Meanwhile, trolls will show up and attempt to pray on the nerves of investors while they can. As soon as FC shows the numbers and they are not a total train wreck, the share price will sky rocket from it's current position.


You're going to have to wait this out until answers come AND ignore the individuals who have a material benefit from seeing this company fail or the share price fall in the short term. Until we have solid numbers, get use to this.
NotLambchop
Sr. Member
****
Offline Offline

Activity: 378
Merit: 254


View Profile
June 02, 2014, 05:43:23 PM
 #20307

...
You're going to have to wait this out until answers come AND ignore the individuals who have a material benefit from seeing this company fail ...

But trust the bagholders who are totally honest and impartial, because they are motivated by Truth and a desire help you through these troubling times Smiley
hdbuck
Legendary
*
Offline Offline

Activity: 1260
Merit: 1002



View Profile
June 02, 2014, 05:45:32 PM
 #20308

Okay, please explain the following issue at hand: The April (not May as I erroneously stated) batch had 8.5 PH/s. Why do we only have $3,691,731 in chip sales? This would translate (as mentioned earlier) to a price of $0.43/GH/s for May. We should have yielded more revenue.

Actually, assuming a value of 500 USD/BTC and the current price of RMB/USD, there was about 4.41 million USD in chip sales. Why is there only that much? Perhaps payment hadn't been received for all the chips sold? Perhaps AM didn't sell all the chips? There's numerous reasons.

- What makes you think we achieved a price of $0.50-$1.00/GH/s (we all know this used to be the target)

Simply because that's the price that was told us.

- How can we achieve a price exceeding $0.40 for June+ batches, when the market price (although preorder) is supposedly at $0.35 and we probably haven't even achieved that price for the earliest (April) batch?

Is there any evidence for that price though? I haven't seen it, have you? Friedcat did say the price would be lower for the later batches but he didn't say what price they would be.

i would assume chips sales only represent april's batch (samples, testing, "small" quantity, RBox, etc..)  whilst the products in inventory would refer to may's batch (at production cost). june's batch is still on the go and may require further funding.
apart from this, i found it now useless to speculate about production costs and selling costs since they may varies alot considering order quantities.
wait and see. but i'm confident FC and the boardmembers are doing their best to take this company to the next level.

edit: and again, since ASIC manufacturers are already advertizing for 0,5-5 PH immersion cooled mining rigs, it seems AM will have a lot of chips to sell in the end... much profit. just not yet.
KarmaShark
Hero Member
*****
Offline Offline

Activity: 595
Merit: 507



View Profile
June 02, 2014, 06:01:19 PM
 #20309


Hang in there folks, all you have to do is.....

bitsalame
Donator
Hero Member
*
Offline Offline

Activity: 714
Merit: 510


Preaching the gospel of Satoshi


View Profile
June 02, 2014, 06:51:14 PM
 #20310

I think the biggest rival is Bitfury, in terms of the scales of their operation.
mc_lovin
Legendary
*
Offline Offline

Activity: 1190
Merit: 1000


www.bitcointrading.com


View Profile WWW
June 02, 2014, 07:05:03 PM
 #20311


So what's the deal with these DataTank + shipping container things.  Seeing pictures but not a lot of other information. 
minerpumpkin
Hero Member
*****
Offline Offline

Activity: 686
Merit: 500


A pumpkin mines 27 hours a night


View Profile
June 02, 2014, 08:04:00 PM
 #20312

Okay, please explain the following issue at hand: The April (not May as I erroneously stated) batch had 8.5 PH/s. Why do we only have $3,691,731 in chip sales? This would translate (as mentioned earlier) to a price of $0.43/GH/s for May. We should have yielded more revenue.

Actually, assuming a value of 500 USD/BTC and the current price of RMB/USD, there was about 4.41 million USD in chip sales. Why is there only that much? Perhaps payment hadn't been received for all the chips sold? Perhaps AM didn't sell all the chips? There's numerous reasons.

- What makes you think we achieved a price of $0.50-$1.00/GH/s (we all know this used to be the target)

Simply because that's the price that was told us.

- How can we achieve a price exceeding $0.40 for June+ batches, when the market price (although preorder) is supposedly at $0.35 and we probably haven't even achieved that price for the earliest (April) batch?

Is there any evidence for that price though? I haven't seen it, have you? Friedcat did say the price would be lower for the later batches but he didn't say what price they would be.

It's noteworthy though that April's payments haven't fully come in by now. I believe it is important to secure payments as fast as possible in such a risky business.

Thing is: The projected price originates in January, and we've seen significant delays, a significant increase in consumption, and strong competition. Also, even though we're in a bull market again, the BTC price is still slightly lower than in January, so the incentive to mine hasn't increased. Furthermore there's no indication whatsoever, that the anticipated target prices have been met. There are indicators, though, we're at a price of approximately $0.4/GH/s.
No proof, sure. But all indicators do point in that direction. I used to be pretty AM bullish, remember?

I should have gotten into Bitcoin back in 1992...
minerpumpkin
Hero Member
*****
Offline Offline

Activity: 686
Merit: 500


A pumpkin mines 27 hours a night


View Profile
June 02, 2014, 08:08:36 PM
 #20313

Until FC comes here and tells us or answers these vital questions from the shareholders inquiry going out, we will speculate for pages upon pages with no traction. Meanwhile, trolls will show up and attempt to pray on the nerves of investors while they can. As soon as FC shows the numbers and they are not a total train wreck, the share price will sky rocket from it's current position.


You're going to have to wait this out until answers come AND ignore the individuals who have a material benefit from seeing this company fail or the share price fall in the short term. Until we have solid numbers, get use to this.

Very true, but please allow valid approaches given the financial reports we've been given. I don't wanna sound all boasty, but I believe at least I did enough constructive work trying to get information from FC, to be granted the rights to make some conjectures here.

I should have gotten into Bitcoin back in 1992...
vortex1878
Hero Member
*****
Offline Offline

Activity: 492
Merit: 500


View Profile
June 02, 2014, 08:11:02 PM
 #20314

Okay, please explain the following issue at hand: The April (not May as I erroneously stated) batch had 8.5 PH/s. Why do we only have $3,691,731 in chip sales? This would translate (as mentioned earlier) to a price of $0.43/GH/s for May. We should have yielded more revenue.

Actually, assuming a value of 500 USD/BTC and the current price of RMB/USD, there was about 4.41 million USD in chip sales. Why is there only that much? Perhaps payment hadn't been received for all the chips sold? Perhaps AM didn't sell all the chips? There's numerous reasons.

- What makes you think we achieved a price of $0.50-$1.00/GH/s (we all know this used to be the target)

Simply because that's the price that was told us.

- How can we achieve a price exceeding $0.40 for June+ batches, when the market price (although preorder) is supposedly at $0.35 and we probably haven't even achieved that price for the earliest (April) batch?

Is there any evidence for that price though? I haven't seen it, have you? Friedcat did say the price would be lower for the later batches but he didn't say what price they would be.

It's noteworthy though that April's payments haven't fully come in by now. I believe it is important to secure payments as fast as possible in such a risky business.

Thing is: The projected price originates in January, and we've seen significant delays, a significant increase in consumption, and strong competition. Also, even though we're in a bull market again, the BTC price is still slightly lower than in January, so the incentive to mine hasn't increased. Furthermore there's no indication whatsoever, that the anticipated target prices have been met. There are indicators, though, we're at a price of approximately $0.4/GH/s.
No proof, sure. But all indicators do point in that direction. I used to be pretty AM bullish, remember?

You are being contradictory. How can you one the one hand say that "April's payments haven't fully come in by now" and on the other hand claim that "there's no indication whatsoever, that the anticipated target prices have been met"? So how do you know one or the other?
hdbuck
Legendary
*
Offline Offline

Activity: 1260
Merit: 1002



View Profile
June 02, 2014, 08:16:09 PM
 #20315

Until FC comes here and tells us or answers these vital questions from the shareholders inquiry going out, we will speculate for pages upon pages with no traction. Meanwhile, trolls will show up and attempt to pray on the nerves of investors while they can. As soon as FC shows the numbers and they are not a total train wreck, the share price will sky rocket from it's current position.
You're going to have to wait this out until answers come AND ignore the individuals who have a material benefit from seeing this company fail or the share price fall in the short term. Until we have solid numbers, get use to this.
Very true, but please allow valid approaches given the financial reports we've been given. I don't wanna sound all boasty, but I believe at least I did enough constructive work trying to get information from FC, to be granted the rights to make some conjectures here.

at this point even those reports could look way different. especially the balance sheet since there is just no competitive incentive nor legal obligation to reveal all of the informations..
minerpumpkin
Hero Member
*****
Offline Offline

Activity: 686
Merit: 500


A pumpkin mines 27 hours a night


View Profile
June 02, 2014, 08:16:40 PM
 #20316

It's noteworthy though that April's payments haven't fully come in by now. I believe it is important to secure payments as fast as possible in such a risky business.

Thing is: The projected price originates in January, and we've seen significant delays, a significant increase in consumption, and strong competition. Also, even though we're in a bull market again, the BTC price is still slightly lower than in January, so the incentive to mine hasn't increased. Furthermore there's no indication whatsoever, that the anticipated target prices have been met. There are indicators, though, we're at a price of approximately $0.4/GH/s.
No proof, sure. But all indicators do point in that direction. I used to be pretty AM bullish, remember?

You are being contradictory. How can you one the one hand say that "April's payments haven't fully come in by now" and on the other hand claim that "there's no indication whatsoever, that the anticipated target prices have been met"? So how do you know one or the other?

I mean, it'd be strange if they haven't come in by now, i.e. something else that is troubling. Sorry if this didn't come though.

It is totally true that we don't know anything for sure, but the only things we do know (financial statement), suggests that the price hasn't been met. The aforementioned reasons only add to the probability of the prices not being met (even the April batch).

I should have gotten into Bitcoin back in 1992...
minerpumpkin
Hero Member
*****
Offline Offline

Activity: 686
Merit: 500


A pumpkin mines 27 hours a night


View Profile
June 02, 2014, 08:17:40 PM
 #20317

Until FC comes here and tells us or answers these vital questions from the shareholders inquiry going out, we will speculate for pages upon pages with no traction. Meanwhile, trolls will show up and attempt to pray on the nerves of investors while they can. As soon as FC shows the numbers and they are not a total train wreck, the share price will sky rocket from it's current position.
You're going to have to wait this out until answers come AND ignore the individuals who have a material benefit from seeing this company fail or the share price fall in the short term. Until we have solid numbers, get use to this.
Very true, but please allow valid approaches given the financial reports we've been given. I don't wanna sound all boasty, but I believe at least I did enough constructive work trying to get information from FC, to be granted the rights to make some conjectures here.

at this point even those reports could look way different. especially the balance sheet since there is just no competitive incentive nor legal obligation to reveal all of the informations..

They may be way off, to the positive or the negative alike.

I should have gotten into Bitcoin back in 1992...
hdbuck
Legendary
*
Offline Offline

Activity: 1260
Merit: 1002



View Profile
June 02, 2014, 08:22:01 PM
Last edit: June 02, 2014, 08:34:23 PM by hdbuck
 #20318

Until FC comes here and tells us or answers these vital questions from the shareholders inquiry going out, we will speculate for pages upon pages with no traction. Meanwhile, trolls will show up and attempt to pray on the nerves of investors while they can. As soon as FC shows the numbers and they are not a total train wreck, the share price will sky rocket from it's current position.
You're going to have to wait this out until answers come AND ignore the individuals who have a material benefit from seeing this company fail or the share price fall in the short term. Until we have solid numbers, get use to this.
Very true, but please allow valid approaches given the financial reports we've been given. I don't wanna sound all boasty, but I believe at least I did enough constructive work trying to get information from FC, to be granted the rights to make some conjectures here.
at this point even those reports could look way different. especially the balance sheet since there is just no competitive incentive nor legal obligation to reveal all of the informations..
They may be way off, to the positive or the negative alike.

There is actually no signs of it being in the negative way. Chips are real, working, tested & being sold.

edit: what more would you want? all the contracts and bills? check out Avalon or Hashfast with their bogus chips to see what would be really bad. AM is doing a great job.
Franktank
Hero Member
*****
Offline Offline

Activity: 560
Merit: 500



View Profile
June 02, 2014, 08:39:23 PM
Last edit: June 03, 2014, 12:44:53 AM by Franktank
 #20319

So what's the deal with these DataTank + shipping container things.  Seeing pictures but not a lot of other information.  

All that is known is Allied Control is working with AM on immersion cooled mining, which appears to be aimed towards potential franchisees. Those links are from the publicly accessible Drive that was made public a few months back. Every so often, it is updated with new information and there just happened to be updated info when I checked it. Other than that, there was nothing else I could find from my research.
minerpumpkin
Hero Member
*****
Offline Offline

Activity: 686
Merit: 500


A pumpkin mines 27 hours a night


View Profile
June 02, 2014, 08:45:53 PM
 #20320

There is actually no signs of it being in the negative way. Chips are real, working, tested & being sold.

edit: what more would you want? all the contracts and bills? check out Avalon or Hashfast with their bogus chips to see what would be really bad. AM is doing a great job.

We can only know what FC releases (if we agree to believe him), everything else is speculation or conjecture. If you say all the statements may be different, they could be in both ways (positive/negative) - we don't know. The chips are working, yes, there are customers, friedcat has a great track reckord.
Apart from that - please base your projections on the only official current data we have: the financial report. There may still be income for April trickling in, or more products coming from the May batch: Yes, possible. But there's nothing that indicates that. Possible, yes - but no concrete reason to expect that. Please apply Occam's Razor.

I should have gotten into Bitcoin back in 1992...
Pages: « 1 ... 966 967 968 969 970 971 972 973 974 975 976 977 978 979 980 981 982 983 984 985 986 987 988 989 990 991 992 993 994 995 996 997 998 999 1000 1001 1002 1003 1004 1005 1006 1007 1008 1009 1010 1011 1012 1013 1014 1015 [1016] 1017 1018 1019 1020 1021 1022 1023 1024 1025 1026 1027 1028 1029 1030 1031 1032 1033 1034 1035 1036 1037 1038 1039 1040 1041 1042 1043 1044 1045 1046 1047 1048 1049 1050 1051 1052 1053 1054 1055 1056 1057 1058 1059 1060 1061 1062 1063 1064 1065 1066 ... 1348 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!