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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3898818 times)
jimmothy
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June 06, 2014, 09:34:22 PM
 #20601

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.


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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.
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minerpumpkin
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June 06, 2014, 09:43:26 PM
 #20602

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.

I should have gotten into Bitcoin back in 1992...
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June 07, 2014, 12:14:50 PM
 #20603


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.

I thought that he already had plenty of time to search for cheaper electricity/space. Doing it now seems a bit late.

H/w Hosting Directory & Reputation - https://bitcointalk.org/index.php?topic=622998.0
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June 07, 2014, 01:46:13 PM
 #20604

FC speaks, again: https://bitcointalk.org/index.php?topic=641957.msg7181247#msg7181247

So gen 4 will, most likely, be pin-/dimension-compatible to gen 3 and developers improving on the schematics may be paid by AM! I believe this may encourage some people to further optimize the designs.
He became quite talkative these days. I like it.

I should have gotten into Bitcoin back in 1992...
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June 07, 2014, 01:53:35 PM
 #20605

FC speaks, again: https://bitcointalk.org/index.php?topic=641957.msg7181247#msg7181247

So gen 4 will, most likely, be pin-/dimension-compatible to gen 3 and developers improving on the schematics may be paid by AM! I believe this may encourage some people to further optimize the designs.
He became quite talkative these days. I like it.

FC stepping out of his cave right for summer! Cheesy
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June 07, 2014, 01:54:14 PM
 #20606

It's all happening now, he's back in full effect and its all business now.
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June 07, 2014, 02:38:25 PM
 #20607

It's all happening now, he's back in full effect and its all business now.

Wish someone would sort Havelock out... I'd like to buy on this news. The site is constantly down and when it is up, it is very slow. It's almost becoming impossible to trade AM1 and AM100 shares.

ASICMINERTUBE
   
  The Best $/Gh Bitcoin Miner So Far
   ►►►   DISCOVER NOW !!!   ◄◄◄
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June 07, 2014, 02:45:59 PM
 #20608

It's all happening now, he's back in full effect and its all business now.

Wish someone would sort Havelock out... I'd like to buy on this news. The site is constantly down and when it is up, it is very slow. It's almost becoming impossible to trade AM1 and AM100 shares.

Havelock is always up and down you just need to be persistent and keep coming back. Hopefully there's not too big a change when it's up and running again
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June 07, 2014, 03:38:27 PM
 #20609

Got the shares I wanted for cheap. I'll be back at the end of June. =) Good luck to everyone. Good to see FC out and about on the forums, really boost confidence.
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June 07, 2014, 03:45:41 PM
 #20610

also best part in all that is bitcoin has seemed to stop its lately rally.. might even go further down.. Grin
CanaryInTheMine
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June 07, 2014, 03:53:02 PM
 #20611

FC speaks, again: https://bitcointalk.org/index.php?topic=641957.msg7181247#msg7181247

So gen 4 will, most likely, be pin-/dimension-compatible to gen 3 and developers improving on the schematics may be paid by AM! I believe this may encourage some people to further optimize the designs.
He became quite talkative these days. I like it.

FC stepping out of his cave right for summer! Cheesy
quick! someone hand this man a beer!! LOL
minerpumpkin
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June 07, 2014, 03:53:44 PM
 #20612

also best part in all that is bitcoin has seemed to stop its lately rally.. might even go further down.. Grin

Don't worry, we need some time for stabilization. (Especially) we don't want another bubble yet.

I should have gotten into Bitcoin back in 1992...
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June 07, 2014, 04:41:13 PM
 #20613

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!

 Do you think we'll see 1 BTC per AM1 share this year?


Take it over to the speculation thread https://bitcointalk.org/index.php?topic=235763.new#new
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June 07, 2014, 05:06:04 PM
 #20614

Is there a good summary of recent asicminer developments? I'm a long term direct shareholder and just curious what's going on. Gen3 flopped? And now we are banking on gen 4?
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June 07, 2014, 05:19:41 PM
 #20615

Is there a good summary of recent asicminer developments? I'm a long term direct shareholder and just curious what's going on. Gen3 flopped? And now we are banking on gen 4?
http://friedcat.info/

and the last update:
https://bitcointalk.org/index.php?topic=99497.msg7147330#msg7147330
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June 07, 2014, 09:11:00 PM
 #20616

It's all happening now, he's back in full effect and its all business now.

Wish someone would sort Havelock out... I'd like to buy on this news. The site is constantly down and when it is up, it is very slow. It's almost becoming impossible to trade AM1 and AM100 shares.

I'd be willing to bet that they are under near constant ddos floods.  By who , no idea, but seems the norm for exchanges.

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WALLET




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June 07, 2014, 10:58:23 PM
Last edit: June 08, 2014, 05:36:16 PM by MichaelBliss
 #20617

Edit: Looking to buy 10 direct AM shares, might be easier this way than through Havelock.  PM me.
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June 08, 2014, 12:42:17 AM
 #20618

Looking to buy 10 direct AM shares, might be easier this way than through Havelock.  PM me.

For 10 shares I think you would be much better served on Havelock.  Any more then 10 and the thin liquidity on there will get you, but buying 10 now only bumps the price a bit.

On this note, has anyone done any legwork on setting up an AM PT on some 2.0 exchange?  It would be nice if someone with established trust did it... but if no one gives Havelock any competition I may end up doing it myself once I do the research on which platform to use.

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June 08, 2014, 05:01:17 AM
 #20619

Wish someone would sort Havelock out...
I'd be willing to bet that they are under near constant ddos floods.  By who , no idea, but seems the norm for exchanges.

Blackmailed by skiddies, nowadays its cheap to order DDoS

another point for decentralized exchanges

... Question Everything, Believe Nothing ...
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June 08, 2014, 06:03:34 AM
 #20620

On this note, has anyone done any legwork on setting up an AM PT on some 2.0 exchange?  It would be nice if someone with established trust did it... but if no one gives Havelock any competition I may end up doing it myself once I do the research on which platform to use.

I wonder if Peershares would be suitable?

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