ASICMINER: Entering the Future of ASIC Mining by Inventing It

[sngwinner]

I've seen some people saying that it'll be great once AM gets its self mining going again. What is a realistic amount of PH that AM can get online? What percentage of the network do we think it will be by the time it's up and running? I seem to remember a figure of 30 ph from franchises.

About 20PH/s franchised inside China and about 3 PH/s solo mining in AM data centers. Friedcat doesn't seem to be that interested in mining at the moment. As long as the chips sell, it's better to just sell them instead of use them to mine. They earn more revenue and have a shorter turnaround time (sold instantly instead of "mining back" the investment) and thus can be paid out and reinvested much faster. Although I agree that a decent amount of self mining makes sense (BTC price increasing, constant income, independence)

From the link posted above that 20ph goal is long term. By the time that's up and running our franchisees would have 10% or under of the total network. How big of a facility would AM or it's franchisees need to deploy this much hash power?

With 3ph solo mining shouldn't we just use a mining pool to stabilize returns I realize the overall gain is higher solo mining but with around 1% of the network it seems like it will be feast or famine self mining which may cause cash flow problems.

[minerpumpkin]

WOW!

Friedcat is pushing the open source development of his new "Block Erupter Project" https://bitcointalk.org/index.php?topic=641957.msg7168771#msg7168771
This is the AM train gaining speed. Havelock still standing? 

[atx.btc]

WOW!

Friedcat is pushing the open source development of his new "Block Erupter Project" https://bitcointalk.org/index.php?topic=641957.msg7168771#msg7168771
This is the AM train gaining speed. Havelock still standing? 

lol, I came here afraid that Havelock got shut down or something, haven't been able to access it. Hopefully it's just from people racing to buy up all of the AM100 they can

[KarmaShark]

WOW!

Friedcat is pushing the open source development of his new "Block Erupter Project" https://bitcointalk.org/index.php?topic=641957.msg7168771#msg7168771
This is the AM train gaining speed. Havelock still standing? 

Entering the Future of ASIC Mining open source development by Inventing it.

[JoTheKhan]

WOW!

Friedcat is pushing the open source development of his new "Block Erupter Project" https://bitcointalk.org/index.php?topic=641957.msg7168771#msg7168771
This is the AM train gaining speed. Havelock still standing? 

lol, I came here afraid that Havelock got shut down or something, haven't been able to access it. Hopefully it's just from people racing to buy up all of the AM100 they can

AM is crashing. Atleast AM1 is. .24 Today, High was .32 yesterday.

[minerpumpkin]

AM is crashing. Atleast AM1 is. .24 Today, High was .32 yesterday.

Well it's basically at the point before the FC announcement yesterday.

[atx.btc]

yeah but honestly at this point I don't care if it crashes, I have the answers I needed so I am in no way worried about the future of AM - back to being bullish!

[sngwinner]

WOW!

Friedcat is pushing the open source development of his new "Block Erupter Project" https://bitcointalk.org/index.php?topic=641957.msg7168771#msg7168771
This is the AM train gaining speed. Havelock still standing? 

I'm asking a lot of questions today! Can someone explain why this is good news? If our next gen chip is going to be open source then how do we have any advantage as far as producing the chip? Can't anyone use the open source designs to produce the chip itself? Pardon my ignorance on this subject.

[ujka]

WOW!

Friedcat is pushing the open source development of his new "Block Erupter Project" https://bitcointalk.org/index.php?topic=641957.msg7168771#msg7168771
This is the AM train gaining speed. Havelock still standing?  

I'm asking a lot of questions today! Can someone explain why this is good news? If our next gen chip is going to be open source then how do we have any advantage as far as producing the chip? Can't anyone use the open source designs to produce the chip itself? Pardon my ignorance on this subject.

Chip design is not open!
Only design for reference boards. That is, boards where chips are to be assembled.

[minerpumpkin]

WOW!

Friedcat is pushing the open source development of his new "Block Erupter Project" https://bitcointalk.org/index.php?topic=641957.msg7168771#msg7168771
This is the AM train gaining speed. Havelock still standing? 

I'm asking a lot of questions today! Can someone explain why this is good news? If our next gen chip is going to be open source then how do we have any advantage as far as producing the chip? Can't anyone use the open source designs to produce the chip itself? Pardon my ignorance on this subject.

Chip design is not open!
Only design for reference boards.

Exactly. Now potentially everyone can design their own board, improve on it and build/sell a miner. Also, since the design can be improved, the efficiency may get better.

[atx.btc]

and helps the case for BE200/any future AM chips to be viewed as the industry standard

[necro_nemesis]

WOW!

Friedcat is pushing the open source development of his new "Block Erupter Project" https://bitcointalk.org/index.php?topic=641957.msg7168771#msg7168771
This is the AM train gaining speed. Havelock still standing? 

lol, I came here afraid that Havelock got shut down or something, haven't been able to access it. Hopefully it's just from people racing to buy up all of the AM100 they can

AM is crashing. Atleast AM1 is. .24 Today, High was .32 yesterday.

I'm getting the sense that traders are more enticed by instability than stability and buy for the emotional roller coaster ride. The ability to now see the positive future apparently doesn't interest them and they'd be more content with failure looming overhead. Not sure what the experience level is of the investors in AM is but it sure doesn't appear to follow any successful methods I'm aware of.

[shawshankinmate37927]

AM is crashing. Atleast AM1 is. .24 Today, High was .32 yesterday.

One share has traded at 0.2401 and a grand total of three shares have traded below 0.28.

[CanaryInTheMine]

buy buy buy

  Already did. Anyone that has been around the block even once with ASICminer/FC knows there is no panic. Things are lost in translation and in internet forums.

they're not exctly "lost" there's just FUD on this thread. over and over again.  until fc repeats what he said before.

this will last about 5 days.  then FUD starts all over again. never fails.

[CanaryInTheMine]

Sales price will be adjusted if BTC rises.

So if we link the current price of 0,5$ to the current BTC price of 666$ we get a to-date sales price of 0.00075 BTC/G.

Using a factor of 0.9 for an average future price and retaining 1/3 for Gen4, I come to a gross-income per share of 0.06756757 BTC for the 60P.

Forget to ask FC will they change the chip price based on BTC price. It may sound silly, but I don't think the chip price is so flexible. That is a huge risk, because BTC price can be really crazy.

Maybe we can suggest a BTC buy/sell program where "X" amount of BTC is bought or sold each day to average prices and maintain a BTC to USD ratio.

that's a good idea.  and fc may be doing that already (me guessing, I have no info to confirm this), since if you go to buy 30K btc today, where would you do that?  not on any exchange I know: nowhere... so it has to be done on a regular basis and this would average it out. as well as support btc price on some level.  this is what I call the anti-DISH btc acceptance.  instead of converting btc to usd, cash in converted to btc. brilliant. and the way of the future.

[CanaryInTheMine]

I've seen some people saying that it'll be great once AM gets its self mining going again. What is a realistic amount of PH that AM can get online? What percentage of the network do we think it will be by the time it's up and running? I seem to remember a figure of 30 ph from franchises.

Friedcat doesn't seem to be that interested in mining at the moment. As long as the chips sell, it's better to just sell them instead of use them to mine. They earn more revenue and have a shorter turnaround time (sold instantly instead of "mining back" the investment) and thus can be paid out and reinvested much faster. Although I agree that a decent amount of self mining makes sense (BTC price increasing, constant income, independence)

"Friedcat doesn't seem to be that interested in mining at the moment. As long as the chips sell, it's better to just sell them instead of use them to mine."

that's NOT what he said in his answer...

[minerpumpkin]

I've seen some people saying that it'll be great once AM gets its self mining going again. What is a realistic amount of PH that AM can get online? What percentage of the network do we think it will be by the time it's up and running? I seem to remember a figure of 30 ph from franchises.

Friedcat doesn't seem to be that interested in mining at the moment. As long as the chips sell, it's better to just sell them instead of use them to mine. They earn more revenue and have a shorter turnaround time (sold instantly instead of "mining back" the investment) and thus can be paid out and reinvested much faster. Although I agree that a decent amount of self mining makes sense (BTC price increasing, constant income, independence)

"Friedcat doesn't seem to be that interested in mining at the moment. As long as the chips sell, it's better to just sell them instead of use them to mine."

that's NOT what he said in his answer...

Well, effectively this is what he's pursuing since development started on gen 3. Focussing on chip sales, rather than mining. In my Q/A on April 21st, he stated that air cooled mining will start May/June and immersion cooled mining in June/July. Right now things sound a tad 'evasive' as if this isn't top priority (any more?)
Which doesn't have to be a bad thing. If the chips are selling well, just continue doing that.

[bitcoin.newsfeed]

he stated that air cooled mining will start May/June and immersion cooled mining in June/July

This is very much likely achievable

[jimmothy]

I've seen some people saying that it'll be great once AM gets its self mining going again. What is a realistic amount of PH that AM can get online? What percentage of the network do we think it will be by the time it's up and running? I seem to remember a figure of 30 ph from franchises.

Friedcat doesn't seem to be that interested in mining at the moment. As long as the chips sell, it's better to just sell them instead of use them to mine. They earn more revenue and have a shorter turnaround time (sold instantly instead of "mining back" the investment) and thus can be paid out and reinvested much faster. Although I agree that a decent amount of self mining makes sense (BTC price increasing, constant income, independence)

"Friedcat doesn't seem to be that interested in mining at the moment. As long as the chips sell, it's better to just sell them instead of use them to mine."

that's NOT what he said in his answer...

Well, effectively this is what he's pursuing since development started on gen 3. Focussing on chip sales, rather than mining. In my Q/A on April 21st, he stated that air cooled mining will start May/June and immersion cooled mining in June/July. Right now things sound a tad 'evasive' as if this isn't top priority (any more?)
Which doesn't have to be a bad thing. If the chips are selling well, just continue doing that.

We will report the more detailed status to the board first. The short answer is that deploying and financing is easy while getting cheap electricity and proper device solution takes time. When we have farms running we can update the related information with real time hash rate.

The way I interpret this statement is that FC is working on getting cheaper electricity/space and then AM will go HAM on the self mining.

[minerpumpkin]

jimmothy, bitcoin.newsfeed: I'm not saying they scrapped the plans or anything, but he seems a bit hesitant and something seems to have changed. Maybe they plan on going bigger, could be. But He stated as well, that getting cheap electricity and the machines takes time. So I won't be surprised not to see any mining this month.