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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3896855 times)
willBTC
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August 04, 2014, 06:01:33 AM
 #21941

Has any franchising partner received the hardware devices ?

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ASICMINERTUBE
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August 04, 2014, 11:32:10 AM
 #21942

Upcoming interview with Friedcat:
http://www.bitell.com/t/2026


Did this interview happen already, or does anyone know when it is meant to happen?

Believe what we are discussing was the interview
All in the thread not sure if the transcript is out though
any informaiton about the hash percent of AM in this year ?
when to reach this scale?
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August 04, 2014, 02:38:59 PM
 #21943

It's an incredibly bold statement to try and achieve up to 20% of the total network hashrate. If they really used the miners they're now selling, they'd need over 20000 of them. Are they going to use those machines or are they using other ones? I don't really know whether their immersion plans have become reality already... What do you think?

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August 04, 2014, 02:51:00 PM
 #21944

... What do you think?

I think this belongs in the speculation thread.
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August 04, 2014, 02:55:48 PM
 #21945

It's an incredibly bold statement to try and achieve up to 20% of the total network hashrate. If they really used the miners they're now selling, they'd need over 20000 of them. Are they going to use those machines or are they using other ones? I don't really know whether their immersion plans have become reality already... What do you think?

Ambitious but hardly impossible.  I think even Butterfly Labs could build 20,000 devices in 5 months (assuming you gave them some functioning chips).  Friedcat has most of the short order high tech manufacturing capacity that the world has to offer right in his neighboorhood.  He could contract with Foxconn and have those built in literally days if he had all the parts ready.  most of us in the rest of the world can't wrap our heads around how fast the Chinese can turn product.  It is really mind boggling if you look into it a little.
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August 04, 2014, 03:15:21 PM
 #21946

It's an incredibly bold statement to try and achieve up to 20% of the total network hashrate. If they really used the miners they're now selling, they'd need over 20000 of them. Are they going to use those machines or are they using other ones? I don't really know whether their immersion plans have become reality already... What do you think?

Ambitious but hardly impossible.  I think even Butterfly Labs could build 20,000 devices in 5 months (assuming you gave them some functioning chips).  Friedcat has most of the short order high tech manufacturing capacity that the world has to offer right in his neighboorhood.  He could contract with Foxconn and have those built in literally days if he had all the parts ready.  most of us in the rest of the world can't wrap our heads around how fast the Chinese can turn product.  It is really mind boggling if you look into it a little.

Yeah, I guess you're right. This order might even be too freaking small for companies like Foxconn! I think the question boils down to whether they will be using exactly those 1 TH/s devices they've just unveiled. Maybe they'd be better off with a solution that has even more hashing power in a single device. Or maybe work with modular or potentially upgradeable hardware for the BE300!

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August 04, 2014, 03:23:36 PM
 #21947

Or it will be 31st of August and nothing happens Roll Eyes hope™ not. In this point I will be happy to see anything, not just words.

IIRC the new miner should be revealed on that "salon" ... yet not even specs are known.

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August 04, 2014, 04:46:55 PM
 #21948

Just looked through the last 100 pages for the list of shareholder questions that have yet to be answered... I failed to find them -_-  I kept getting quotes from old lists of questions and I cant remember when the old list was submitted, or who submitted it to narrow down the search.  Can anyone find it?  If you do find it, can you link the Bitell guys to it so they can possibly ask those questions in the interview?  They may not be privy to the existing list of questions.

Also, does anyone know any more about that interview?  If it happened already... when it is getting posted.... anything?

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August 04, 2014, 05:53:57 PM
 #21949

from my post here: https://bitcointalk.org/index.php?topic=720943.0

Does not need Pi, uses a custom controller, Ethernet:



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August 05, 2014, 12:56:27 AM
 #21950

Very cool. I'd love to see that controller built into a backplane with some BE200 blades.

ASICPuppy.net ASIC Mining Hardware and Accessories - 2Pacs in stock!
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August 05, 2014, 01:44:49 AM
 #21951

I was wondering why we still don't hear anything after a couple weeks, the shareholders meeting, and even the scheduled interview time.

Is there any new information???

Without a doubt, with the lack of fuel, the share price is gonna drop slowly 0.28 -> 0.27 ->0.2 again  Wink
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August 05, 2014, 02:06:11 AM
 #21952

I was wondering why we still don't hear anything after a couple weeks, the shareholders meeting, and even the scheduled interview time.
Is there any new information???

+1

Without a doubt, with the lack of fuel, the share price is gonna drop slowly 0.28 -> 0.27 ->0.2 again  Wink

Although each day without news brings us closer to some other day with more news (if not surprise divs).

Winner, Winner, Chicken Dinner!
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August 05, 2014, 02:40:07 AM
 #21953

Just looked through the last 100 pages for the list of shareholder questions that have yet to be answered... I failed to find them -_-  I kept getting quotes from old lists of questions and I cant remember when the old list was submitted, or who submitted it to narrow down the search.  Can anyone find it?  If you do find it, can you link the Bitell guys to it so they can possibly ask those questions in the interview?  They may not be privy to the existing list of questions.

Also, does anyone know any more about that interview?  If it happened already... when it is getting posted.... anything?

I think you are talking about these:

Shareholders questions were submitted to Friedcat.

Thank you all for taking the time to participate in this round of shareholders questions.

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) Has AM any stock repurchase plan for now or in the future ?

10) 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 ?

11) 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.

Feel free to submit them to the Bitell guys.
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August 05, 2014, 05:36:15 AM
 #21954

Weren't those questions already asked and answered? He just said about the dividend he hopes he can resume paying in August.
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August 05, 2014, 07:07:57 AM
 #21955


Feel free to submit them to the Bitell guys.

Added them to the bittell comments using a random e-mail shouldn't matter since its for an interview with him.
That and people want to know where to get a replacement main-board for the block erupter cube? Still  Wink
http://www.bitell.com/t/2026#comment-147
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August 05, 2014, 11:18:00 AM
 #21956

Weren't those questions already asked and answered?

Asked? Yes. Answered? No.
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August 05, 2014, 07:13:18 PM
Last edit: August 05, 2014, 07:39:07 PM by ineededausername
 #21957

Summary of speech
Translated from http://www.weibo.com/p/1005053057597202/

And here's Mr. Friedcat!
He's very soft-spoken.
One mention of a "BE300."
"Our goal is to ensure losses for all the other mining manufacturers."
Slide image: summary of franchising program
Quote
> Collateral will be AM shares or BTC
> AM will provide the unit
> Franchisee provides the computer, power supply, hosting
> 80/20% split of profits
"Our PR team is committed to improving communications with shareholders and being more transparent."
Price is 3xxxx (?), speed will be >1 TH/s, my god // Note: this doesn't seem right to me and I don't know what he meant, but think he meant to say 3xxx CNY (~500 ish USD) for >1 TH/s.
"The conservative deadline for the public release of BE300 is EoY.  It might even be earlier."
"The goal is to achieve an annual average of 15-20% of the hashpower of the network."
Some invoices, haha
Shy, modest, genuine, hard-working, intelligent.  Needs to work out more and eat better.  Desperately needs a mama cat.  That's friedcat.

More translations coming from http://weibo.cn/u/5195261989?page=3&wm=

August 2 - At 1pm, ASICMINER is holding the "Exahash Power Era" salon ...
Pic of drinks at the Exahash salon
"Bitcoin mining is way more competitive than the Bitcoin exchange industry"
Friedcat's debut speech: "How can a miner profit in the Exahash era?"
Friedcat describes the open source program (boring slide)
Quote
- the BE200 open source program
- for amateur miners, easy configuration and lower radiation (?)
- for professional miners: high reliability; expect a flat price curve
- for miners with better power costs: huge returns
- for miners with lower power costs: we improve your chances of making a decent return
BE300 mentioned by friedcat
Friedcat describes the ASICMINER business model
Quote
What we do: Bitcoin mining hardware, R&D, production, marketing, providing open source solutions to the community
What we will never do: scrypt miners, giving insider information out, selling anything in development, tricking people about pricing (not sure about this translation)
ASICMINER is hiring!
Guest speaker, appears to be ASICMINER sales guy, says some stuff about sales (I'm omitting it, it doesn't seem very interesting), in which he mentions that the minimum direct order from ASICMINER is 10 machines.
ASICMINER's latest machine will be in the 3000-4000 RMB range, with 1 TH/s per unit.  ASICMINER invites figures in the mining industry to see prototypes of these units for themselves in Beijing, Tianjin, the PRD (HK), and the YRD (Shanghai)

(BFL)^2 < 0
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August 05, 2014, 07:36:54 PM
Last edit: August 05, 2014, 07:50:21 PM by hdbuck
 #21958

^ thx
buy buy buy ^^
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August 05, 2014, 07:49:36 PM
 #21959

Shy, modest, genuine, hard-working, intelligent.  Needs to work out more and eat better.  Desperately needs a mama cat.  That's friedcat.

Hahahaha.  This is the best part. 
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August 05, 2014, 07:55:48 PM
 #21960

He's very soft-spoken.

[...]

"Our goal is to ensure losses for all the other mining manufacturers."

silent but deadly!
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