Bitcoin Forum
September 29, 2022, 07:18:12 AM *
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.

Pages: « 1 ... 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 1067 1068 ... 1348 »
  Print  
Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3914426 times)
RoadStress
Legendary
*
Offline Offline

Activity: 1904
Merit: 1007


View Profile
June 03, 2014, 05:20:59 AM
 #20341

Yes, but they sold at a loss (at least according to the data they released). Who cares what they did in sales if they lost money? Only thing that matters is profits.

What are you talking about?

Chips are sold at around $0.5/gh and cost around $0.2/gh.

If they sold at a loss how would they have $9,000,000 in assets?

And distributors sell miners at well over 1$/GH which means that FC isn't maximizing profits for his shareholders. The distributors seem to do a much better job on that.

1664435892
Hero Member
*
Offline Offline

Posts: 1664435892

View Profile Personal Message (Offline)

Ignore
1664435892
Reply with quote  #2

1664435892
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1664435892
Hero Member
*
Offline Offline

Posts: 1664435892

View Profile Personal Message (Offline)

Ignore
1664435892
Reply with quote  #2

1664435892
Report to moderator
1664435892
Hero Member
*
Offline Offline

Posts: 1664435892

View Profile Personal Message (Offline)

Ignore
1664435892
Reply with quote  #2

1664435892
Report to moderator
1664435892
Hero Member
*
Offline Offline

Posts: 1664435892

View Profile Personal Message (Offline)

Ignore
1664435892
Reply with quote  #2

1664435892
Report to moderator
Ozziecoin
Sr. Member
****
Offline Offline

Activity: 448
Merit: 250


View Profile WWW
June 03, 2014, 06:15:58 AM
 #20342

Yes, but they sold at a loss (at least according to the data they released). Who cares what they did in sales if they lost money? Only thing that matters is profits.

What are you talking about?

Chips are sold at around $0.5/gh and cost around $0.2/gh.

If they sold at a loss how would they have $9,000,000 in assets?

And distributors sell miners at well over 1$/GH which means that FC isn't maximizing profits for his shareholders. The distributors seem to do a much better job on that.
Didn't really want to hear that. But if that's the case, FC should explain.

Non-technical coin. Use OZC to intro coins to everyday aussies: http://ozziecoin.com
aahzmundus
Hero Member
*****
Offline Offline

Activity: 644
Merit: 500


Invest & Earn: https://cloudthink.io


View Profile
June 03, 2014, 06:16:12 AM
 #20343

Distributes have to manage distribution... and support.  I imagine after dealing with support a few times friedcat quickly decided to cut it out and that it was worth forwarding those profits to cut off that management overhead.

Ozziecoin
Sr. Member
****
Offline Offline

Activity: 448
Merit: 250


View Profile WWW
June 03, 2014, 06:23:20 AM
 #20344

Distributes have to manage distribution... and support.  I imagine after dealing with support a few times friedcat quickly decided to cut it out and that it was worth forwarding those profits to cut off that management overhead.
I think FC can supply chips on "as is" basis. Moreover, he is selling chips not functioning miners.

Non-technical coin. Use OZC to intro coins to everyday aussies: http://ozziecoin.com
jimmothy
Hero Member
*****
Offline Offline

Activity: 770
Merit: 509



View Profile
June 03, 2014, 07:30:00 AM
 #20345

Yes, but they sold at a loss (at least according to the data they released). Who cares what they did in sales if they lost money? Only thing that matters is profits.

What are you talking about?

Chips are sold at around $0.5/gh and cost around $0.2/gh.

If they sold at a loss how would they have $9,000,000 in assets?

And distributors sell miners at well over 1$/GH which means that FC isn't maximizing profits for his shareholders. The distributors seem to do a much better job on that.

What? How did you extrapolate that? I think you are imagining FC could have sold the same amount of chips at $1+/gh which is not realistic.

$4,000,000 in chip sales suggests FC knows what hes doing.

And distributors aren't fleecing anyone. For example hashratios production costs are $0.8/gh and sold for $1/gh. Extremely small margins. Even at the average price of AM hardware at $1.4/gh the margins are not huge.

Certainly nowhere near the profit per gh on overpriced hardware like spondoolies but exorbitant prices does not equal maximizing profit.
spartan82
Hero Member
*****
Offline Offline

Activity: 658
Merit: 500



View Profile
June 03, 2014, 08:59:39 AM
 #20346

Sometimes having your hands in too many pies at the same time can work against you. Friedcat chose to develop and produce and sell chips only for a good reason I'm sure, that and running a 3PH solo mining farm alone would be alot of work, so to eliminate the extra effort and trouble that arises from producing entire miners for the public I believe he's made the right move. Let others worry about marketing and outlaying all these extra associated costs with ongoing tech support, sales etc and lets focus on the bigger picture here
RoadStress
Legendary
*
Offline Offline

Activity: 1904
Merit: 1007


View Profile
June 03, 2014, 11:12:38 AM
 #20347

Yes, but they sold at a loss (at least according to the data they released). Who cares what they did in sales if they lost money? Only thing that matters is profits.

What are you talking about?

Chips are sold at around $0.5/gh and cost around $0.2/gh.

If they sold at a loss how would they have $9,000,000 in assets?

And distributors sell miners at well over 1$/GH which means that FC isn't maximizing profits for his shareholders. The distributors seem to do a much better job on that.

What? How did you extrapolate that? I think you are imagining FC could have sold the same amount of chips at $1+/gh which is not realistic.

$4,000,000 in chip sales suggests FC knows what hes doing.

And distributors aren't fleecing anyone. For example hashratios production costs are $0.8/gh and sold for $1/gh. Extremely small margins. Even at the average price of AM hardware at $1.4/gh the margins are not huge.

Certainly nowhere near the profit per gh on overpriced hardware like spondoolies but exorbitant prices does not equal maximizing profit.

Extrapolating? I'm not extrapolating anything. I'm just stating facts. You just said that hashratio is selling for 1$/GH. That's a simple fact.

I didn't say that FC should sell chips for more than 1$/GH. I said that he could sell miners for more than 1$/GH if he could produce them. How come that last year FC was able to sell for over 30$/GH when the market was below 15$/GH, but he can't do it again?

Let's see how many chips will FC sell after the big sale worth 4 mil $ (from which you saw no dividend) because those 4 mil $ mean nothing if the chips which he paid won't get sold.

Spondoolies seems to really get you since you mention them so often. This is not about SP-Tech. I was just trying to find out why would FC settle for ~0.2$/Gh profit when I think that he could get more. If hashratio has the same 0.2$/Gh profit then doesn't that mean that by producing his own miners FC could get at least 0.4$/Gh as profit?

hdbuck
Legendary
*
Offline Offline

Activity: 1260
Merit: 1002



View Profile
June 03, 2014, 11:15:38 AM
 #20348

Mining industry is scaling up and fc has anticipated it. If you think about it we're right on schedule. gen3 has been on the pipe not even for the last 6months, has been positively tested and is now being massively produced. By the end of summer we'll land on the moon.


raskul
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250



View Profile
June 03, 2014, 11:17:46 AM
 #20349

Mining industry is scaling up and fc has anticipated it. If you think about we're right on schedu. gen3 has been on the pipe not even for the last 6months, has been positively tested and is now being massively produced. By the end of summer we'll land on the moon.




i agree that it is being scaled up, but not in the way you think. investors in mining equipment now want quality, ease of use and longevity.

tips    1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
hdbuck
Legendary
*
Offline Offline

Activity: 1260
Merit: 1002



View Profile
June 03, 2014, 11:37:35 AM
 #20350

Mining industry is scaling up and fc has anticipated it. If you think about we're right on schedu. gen3 has been on the pipe not even for the last 6months, has been positively tested and is now being massively produced. By the end of summer we'll land on the moon.

i agree that it is being scaled up, but not in the way you think. investors in mining equipment now want quality, ease of use and longevity.

How would you know am chips arent good quality. They been produced by TSMC. Such contractor doesnt do small batches and shitty quality. Its all about arbitrage between price and quality. No need expensive 28nm chips in small quantity for now. Thats the scaling that comes after this one. Fisrt the flooding.
jimmothy
Hero Member
*****
Offline Offline

Activity: 770
Merit: 509



View Profile
June 03, 2014, 11:38:53 AM
 #20351

I was just trying to find out why would FC settle for ~0.2$/Gh profit when I think that he could get more. If hashratio has the same 0.2$/Gh profit then doesn't that mean that by producing his own miners FC could get at least 0.4$/Gh as profit?

It is $0.3/gh profit.

And a few reasons why they wouldn't want to sell complete miners would be because it would require tons of extra funds/manpower, and it also creates a situation where AM is directly competing with it's partners.

It's much easier to just ship out chips and let the asic builders tear eachother apart.

Also there is no way AM would have been able to produce anywhere near 8ph worth of complete miners in a month.
raskul
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250



View Profile
June 03, 2014, 11:40:26 AM
 #20352

Mining industry is scaling up and fc has anticipated it. If you think about we're right on schedu. gen3 has been on the pipe not even for the last 6months, has been positively tested and is now being massively produced. By the end of summer we'll land on the moon.

i agree that it is being scaled up, but not in the way you think. investors in mining equipment now want quality, ease of use and longevity.

How would you know am chips arent good quality. They been produced by TSMC. Such contractor doesnt do small batches and shitty quality. Its all about arbitrage between price and quality. No need expensive 28nm chips in small quantity for now. Thats the scaling that comes after this one. Fisrt the flood.


i didn't say am chips are not good quality. I will say, the miners into which they are going, are shite, many under-power for the current network and difficulty increases and do not, in any way work well in a d/c environment.  Grin

you get what you pay for, and it's being realised by big investors.

tips    1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
jimmothy
Hero Member
*****
Offline Offline

Activity: 770
Merit: 509



View Profile
June 03, 2014, 11:41:37 AM
 #20353

Quote
you get what you pay for, and it's being realised by big investors

You're talking about the people who just bought around 8ph worth of AM chips right?
NotLambchop
Sr. Member
****
Offline Offline

Activity: 378
Merit: 254


View Profile
June 03, 2014, 11:46:43 AM
 #20354

jimmothy, is there a losing stock you haven't invested in?
How about sharing your portfolio with the other kids, so we could know what to avoid?
raskul
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250



View Profile
June 03, 2014, 11:47:12 AM
 #20355

Quote
you get what you pay for, and it's being realised by big investors

You're talking about the people who just bought 8ph total worth of AM chips right?

to build rigs to sell on? no. i'm talking about rigs that will be hashing for miners - people who have been in this game, upheld the network for long enough and still see a worthwhile investment in mining rigs.

meanwhile... where dividends were due to shareholders, friedcat will continue to plough YOUR earnings into further development, continually reducing the profit margins until all that is left is a pittance of your original outlay.

well done friedcat, genius business plan.

tips    1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
hdbuck
Legendary
*
Offline Offline

Activity: 1260
Merit: 1002



View Profile
June 03, 2014, 11:51:05 AM
 #20356

Dude you gotta give some time to asic manufacturers.. Lets not make the same mistake like the previous year with bogus chips and preorders scams like bfl hahfat avalon knc etc etc.. Two months is nothing considerong the scaling potential
madmax_ger
Sr. Member
****
Offline Offline

Activity: 448
Merit: 250



View Profile
June 03, 2014, 11:52:01 AM
 #20357

Quote
you get what you pay for, and it's being realised by big investors

You're talking about the people who just bought 8ph total worth of AM chips right?

to build rigs to sell on? no. i'm talking about rigs that will be hashing for miners - people who have been in this game, upheld the network for long enough and still see a worthwhile investment in mining rigs.

meanwhile... where dividends were due to shareholders, friedcat will continue to plough YOUR earnings into further development, continually reducing the profit margins until all that is left is a pittance of your original outlay.

well done friedcat, genius business plan.

Well, it's common that old products are sold until there is no market anymore.
It seems like there is still a market for mining companies that do not deliver/fulfill (orders/promises).

I would not bet on FC anymore. Who knows what he's doing actually?

http://btcinvest.net/bitcoin-mining-profit-calculator.php - check it out!next difficulty + time leftcustomizable monthly (diff + USD/BTC) increasements device lead timeupdate: auto-compares device costs to BTC-buy profit ♥ 1btciBCKb59TbzNj5QzC2EXWDARxtJL1f
spartan82
Hero Member
*****
Offline Offline

Activity: 658
Merit: 500



View Profile
June 03, 2014, 11:56:16 AM
 #20358

Sorry but to save me scrolling through all these pages, when are we expected to hear answers to the new lot of questions collected for FC?
jimmothy
Hero Member
*****
Offline Offline

Activity: 770
Merit: 509



View Profile
June 03, 2014, 11:59:38 AM
 #20359

Quote
you get what you pay for, and it's being realised by big investors

You're talking about the people who just bought 8ph total worth of AM chips right?

to build rigs to sell on? no. i'm talking about rigs that will be hashing for miners - people who have been in this game, upheld the network for long enough and still see a worthwhile investment in mining rigs.

meanwhile... where dividends were due to shareholders, friedcat will continue to plough YOUR earnings into further development, continually reducing the profit margins until all that is left is a pittance of your original outlay.

well done friedcat, genius business plan.

I've never seen so much misinformation in one post.

Who exactly will be using these chips other than miners?

Our "dividends" were turned in to wafers worth 2.5 times their cost.

The earnings were not spent on development.

The profit margin might be reducing but it won't be below $0.3/gh.

AM just doubled assets per share in one month. Not a bad business plan if you ask me.
raskul
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250



View Profile
June 03, 2014, 12:03:36 PM
 #20360



I've never seen so much misinformation in one post.


you clearly never read your own  Cheesy

tips    1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
Pages: « 1 ... 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 1067 1068 ... 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!