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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3897139 times)
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June 27, 2014, 03:03:34 AM
 #21141

Like this? https://www.youtube.com/watch?v=Mcagp8GdpH0
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June 27, 2014, 03:21:35 AM
 #21142

Zhao Dong (Hashratio  CEO) said AM has cooperated with Hashratio to buid farm
source?
He said in Hashratio QQ group(326548639)

In Chinese:
赵东@hashratio(17898487) 0:03:15
是的。烤猫也放弃从芯片上赚钱,转为从后期联合挖矿获取收益
赵东@hashratio(17898487) 0:03:44
同时,烤猫把国内的芯片总代理权授予给我。


Translate in English
Zhao Dong@hashratio(17898487) 0:03:15
Yeah。FC give up the profit from selling the chip to hashratio, will obtain income from  United Mining
Zhao Dong@hashratio(17898487) 0:03:44
Meanwhile,FC granted the general agency of sales in China to me

This would coincide with Spon's statement and something that I figured was happening. AM isn't just selling chips at cost, but they are selling chips at cost as part of a deal. I guess this is franchising?

@Feifa did they list an amount of PH? You posted a .72PH farm from them already, wondering if this is the extent of the deal. (So from assumptions/rumors going around this website it would seem that AM is making deals with DataTank and HashRatio then. Is this good news or bad?)
Zhaodong doesn't mention the amout of PH.
He is crowdfunding 20Million CNY for building another farm.
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June 27, 2014, 03:34:16 AM
 #21143

@Feifa did they list an amount of PH? You posted a .72PH farm from them already, wondering if this is the extent of the deal. (So from assumptions/rumors going around this website it would seem that AM is making deals with DataTank and HashRatio then. Is this good news or bad?)


and now he reveal a radical new direction in business  Grin

Quote
WDK:  16:14:00
东哥也玩山寨了
黑虫子:  16:15:21
为什么看好狗币啊
赵东@hashratio:  16:16:36
狗币好玩啊。社区做得好
赵东@hashratio:  16:16:45
LTC目前只有投机价值
黑虫子:  16:17:02
我感觉LTC的应用很少..
bbc2008:  16:18:07
恩恩,ltc已经感受到来自狗币的压力了
赵东@hashratio:  16:18:26
狗币社区其实很牛逼,虽然开发很垃圾
赵东@hashratio:  16:18:47
我觉得,也许往后,LTC会后悔没有和狗币合并算力


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June 27, 2014, 03:51:14 AM
 #21144

...
This would coincide with Spon's statement and something that I figured was happening. AM isn't just selling chips at cost, but they are selling chips at cost as part of a deal.
...

The information came from two different big systems integrators, not farm builders.
The explanation that was gave is that the ASIC is obsolete and they need to clear stock.

New Mimblewimble implementation: https://www.beam.mw
Spondoolies is back with the SPx36: https://www.spondoolies-tech.com/products/spx36
JoTheKhan
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June 27, 2014, 03:53:04 AM
 #21145

...
This would coincide with Spon's statement and something that I figured was happening. AM isn't just selling chips at cost, but they are selling chips at cost as part of a deal.
...

The information came from two different big systems integrators, not farm builders.
The explanation that was gave is that the ASIC is obsolete and they need to clear stock.

AM Gen3 is Obsolete and they need to clear stock? Of their new Gen Chip? Selling at cost isn't clearing stock. That's liquidating.
bitcoin.newsfeed
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June 27, 2014, 05:31:08 AM
 #21146

Quote
WDK:  16:14:00
东哥也玩山寨了
黑虫子:  16:15:21
为什么看好狗币啊
赵东@hashratio:  16:16:36
狗币好玩啊。社区做得好
赵东@hashratio:  16:16:45
LTC目前只有投机价值
黑虫子:  16:17:02
我感觉LTC的应用很少..
bbc2008:  16:18:07
恩恩,ltc已经感受到来自狗币的压力了
赵东@hashratio:  16:18:26
狗币社区其实很牛逼,虽然开发很垃圾
赵东@hashratio:  16:18:47
我觉得,也许往后,LTC会后悔没有和狗币合并算力

Translation :

Quote
WDK: 16:14:00
East Columbia also play cottage
? Black insects: 16:15:21
Why is optimistic about the dog coins ah
Zhao @ hashratio: 16:16:36
Dogs currency fun ah. Community well done
Zhao @ hashratio: 16:16:45
LTC currently only speculative value
? Black insects: 16:17:02
I feel LTC applications rarely ..
bbc2008: 16:18:07
Blessings, ltc have felt the pressure from the currency of the dog
Zhao @ hashratio: 16:18:26
Dogs currency community is actually very fast hardware, although the development is rubbish
Zhao @ hashratio: 16:18:47
I think, maybe later, LTC and dogs will regret not count coins combined force

Discussing LTC and DOGE mining? Are they mad or just plain stupid?  Roll Eyes


Looking on that smiley Chinese faces is telling me : Haha, look how we fucked our investors.

... Question Everything, Believe Nothing ...
raskul
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June 27, 2014, 05:35:18 AM
 #21147

Zhao Dong (Hashratio  CEO) said AM has cooperated with Hashratio to buid farm
source?
He said in Hashratio QQ group(326548639)

In Chinese:
赵东@hashratio(17898487) 0:03:15
是的。烤猫也放弃从芯片上赚钱,转为从后期联合挖矿获取收益
赵东@hashratio(17898487) 0:03:44
同时,烤猫把国内的芯片总代理权授予给我。


Translate in English
Zhao Dong@hashratio(17898487) 0:03:15
Yeah。FC give up the profit from selling the chip to hashratio, will obtain income from  United Mining
Zhao Dong@hashratio(17898487) 0:03:44
Meanwhile,FC granted the general agency of sales in China to me

This would coincide with Spon's statement and something that I figured was happening. AM isn't just selling chips at cost, but they are selling chips at cost as part of a deal. I guess this is franchising?

@Feifa did they list an amount of PH? You posted a .72PH farm from them already, wondering if this is the extent of the deal. (So from assumptions/rumors going around this website it would seem that AM is making deals with DataTank and HashRatio then. Is this good news or bad?)

Franchising requires some form of up front and recurring payment, the franchisee sees benefit in the brand and expects profit because of the strength of the brand. What AM are doing, is more like cloud hashing with their own chips. You don't franchise a product, you franchise a business model.
This cloud hashing is probably good news if you are AM - as they are going to be able to see something of a return from their newest chips but wouldn't it be more prudent just to build it all themselves, as opposed to handing it over to a third party?

tips    1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
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June 27, 2014, 06:16:15 AM
 #21148

Next round of shareholders questions July 2014 - gathering

Dear shareholders,

we've gathered 10 questions so far, still 2days until forwarding them to Friedcat. If you want to add something, don't hesitate to write it here, or in PM. Closing time for this round of questions is 29th of June 2014 12:00 UTC +01:00

*The closing time was moved because of practical reasons

Quote
1) Could you please provide an estimate on:
- When the next dividend can be expected ?
- When ASICminer will become cash-flow positive ?

2) Regarding self-mining and franchising:
- What is the current status of self mining and franchising ?
- What partners are and will be working with ASICminer ?
- What do the respective partnership agreements entail ?
- How many PH (including percentages from franchising) will -directly- contribute to ASICminer mining income ?

3) How many PH/s of gen 3 have already been sold/shipped by now ?

4) Has the "60 PH/s batch" progressed any further ? When is it supposed to be completely done ? How much has already been sold ?

5) Given the ratio of 1/3 retained and 2/3 paid out of the revenue, is this after deducting costs for upcoming batches/expenses or are those part of the 1/3 of retained capital ?

6) AM sells chips to multiple mining companies including Rockminer, Datatank, Bitgarden, Hashratio is it possible to get some clarity on the relationships AM has with different groups ?

7) Is Asicminer selling chips at cost already ? Rumors have been going around that it is known in China that the chips are being sold at cost. Can we please have a confirm/deny on these rumors and explanation why ?

8 ) The last post mentioned that average sales cost is about .5$/gh, is this still the average ?

9) Regarding Gen 4, can you give us rough (plus/minus a month or two) estimates on:
- When tape-out is expected ?
- When production is expected ?
- When the first chips will be in hand ?

10) Personal question from shareholder freedomno1 : Hi friedcat I have been receiving several requests for replacement baseboards/ power boards and parts for the block erupter cube and was wondering if their is a repair service or parts store available that I can relay to those individuals to contact with if something breaks.

... Question Everything, Believe Nothing ...
aahzmundus
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June 27, 2014, 12:45:49 PM
 #21149

Sounds like FC wants to really step up franchised mining from what I am seeing.  Give someone the chips, arrange some 80/20 (or something) profit share from the hardware and be done with it.  No need to convert CNY or USD to BTC, you build up relationships with your customers... you take on part of the ROI risk so that both parties are hurt if chips do not ROI.

If this is the case, I think this is the best option.  It builds trust and is a way of AM to stand behind their product.

Lots of people are complaining on reddit that ASIC manufactures know their chips wont ROI and that they are basically scammers, this kind of partnership squashes that argument.

Friedcat for President!

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June 27, 2014, 01:04:29 PM
 #21150

Sounds like FC wants to really step up franchised mining from what I am seeing.  Give someone the chips, arrange some 80/20 (or something) profit share from the hardware and be done with it.  No need to convert CNY or USD to BTC, you build up relationships with your customers... you take on part of the ROI risk so that both parties are hurt if chips do not ROI.

If this is the case, I think this is the best option.  It builds trust and is a way of AM to stand behind their product.

Lots of people are complaining on reddit that ASIC manufactures know their chips wont ROI and that they are basically scammers, this kind of partnership squashes that argument.

Friedcat for President!

Yes, this seems very sensible.
But it is not completely clear that this is really what is going on. Looking forward to the answers to the next round of questions.
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June 27, 2014, 06:01:39 PM
 #21151

They should make a priority to get rid of AM100 or merge them. That trash is ruining it for everyone.
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June 27, 2014, 06:04:10 PM
 #21152

HL themselves said they liked my idea of merging them... More people should pressure them to make the move merging all shares into AM100, and getting rid of the 5% fee.

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June 27, 2014, 06:21:47 PM
Last edit: June 27, 2014, 06:37:55 PM by Franktank
 #21153

HL themselves said they liked my idea of merging them... More people should pressure them to make the move merging all shares into AM100, and getting rid of the 5% fee.

The issue is forcing people to either: 1) Buy up to reach quantities of 100 or 2) Force them to liquidate

I'm surprised they would be up for getting rid of the A100 shares. At 3255 shares, a 5% cut is about 162 whole shares of dividends for HL and that doesn't including trading fees. They seem pointless at these prices but if/when AM shares go up again, it allows people with fewer coins to jump in. They do serve as an alternative option but we shall see.


I completely misread that, you meant it the other way. I don't see the reason why to have all fractional shares, that in itself raises many more issues (such as exporting).
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June 27, 2014, 06:26:29 PM
 #21154

HL themselves said they liked my idea of merging them... More people should pressure them to make the move merging all shares into AM100, and getting rid of the 5% fee.

If HL is going to only have AM100 shares, then they should also quote prices in millibitcoins.  The currently price list of 0.0016 makes it rather hard to see small changes in price.  1.6 millibitcoins / share makes it easier to see.  I suggest that HL does this for all shares because not one is trading higher than 0.0425 (save AM)    
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June 27, 2014, 06:52:17 PM
 #21155

I completely misread that, you meant it the other way. I don't see the reason why to have all fractional shares, that in itself raises many more issues (such as exporting).

Wouldn't it be in HL's best interest to make exporting shares harder, while not doing anything dishonest or corrupt?

I personally don't see a reason to limit it to .01 of a share, it would not be that hard to let someone by any fraction of a share they desired and let the computers handle the rest.

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June 27, 2014, 08:49:27 PM
 #21156

HL themselves said they liked my idea of merging them... More people should pressure them to make the move merging all shares into AM100, and getting rid of the 5% fee.

I completely misread that, you meant it the other way. I don't see the reason why to have all fractional shares, that in itself raises many more issues (such as exporting).

Raises a question thought about it a bit more and if havelock ever shuts down and someone owns a 1/100 of a full share I don't think it would convert efficiently unless they bought another 99/100 in the period before it closes.



.
.BIG WINNER!.
[15.00000000 BTC]


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Rainbot
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June 27, 2014, 10:28:50 PM
 #21157

HL themselves said they liked my idea of merging them... More people should pressure them to make the move merging all shares into AM100, and getting rid of the 5% fee.

Why do you want to own fractional shares? Better liquidity, ok but its not the true price of the shares then so your just fooling yourself.

Also what happens when HL gets shut down, it's going to happen at some point at which point whole shares would be easily converted to real shares.

Lets get rid of the AM 100 its not a true representation of the share price.
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June 28, 2014, 12:57:40 AM
Last edit: June 28, 2014, 01:36:53 AM by chairforce1
 #21158

Does AM get a piece of this?

Edit: What I mean is share of mining profits?

.......
BTCGarden mining room. Countless miners are running day and night.

.......

Death is nothing to us, since when we are, death has not come, and when death has come, we are not. #yolo

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June 28, 2014, 01:15:52 AM
 #21159

Well of course they need to be burned in before selling!!  I would hope AM does get some revenue if they are really selling the chips at cost.
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June 28, 2014, 01:39:00 AM
 #21160

Well of course they need to be burned in before selling!!  I would hope AM does get some revenue if they are really selling the chips at cost.

I meant a slice of the mining revenue. After reading your post I realize that I may be mistaken. I was assuming this was a mining farm, not a testing setup. Your post makes senses.

Death is nothing to us, since when we are, death has not come, and when death has come, we are not. #yolo

-Epicuru$
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