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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3914279 times)
Mabsark
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August 19, 2014, 02:26:13 AM
 #22221

I don't think this price drop will have any effect on miners at all as I don't believe the price will stay so low for more than a few days, it'll be back to around 600 USD by the end of the week.
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feifa
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August 19, 2014, 02:49:44 AM
 #22222

Total hashrate reaches 199P
rudi
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August 19, 2014, 12:12:54 PM
 #22223

We had gain access of cheap electricity and high power capacity.

Does anyone know what "cheap electricity" can realistically mean in China?
The equivalent of about $0.1/kWh? More? Less?
I realize we can't know for sure, but maybe someone knows what is possible in China.
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August 19, 2014, 02:55:46 PM
 #22224

We had gain access of cheap electricity and high power capacity.

Does anyone know what "cheap electricity" can realistically mean in China?
The equivalent of about $0.1/kWh? More? Less?
I realize we can't know for sure, but maybe someone knows what is possible in China.

 There's not going to be any cheap power in China.  They have problems with pollution and smog due to the fact that around 80% of their electricity production is fossil-based (and about 60% of that is coal).  Hell they are still trying to stop people from burning coal in their little 30m2 flats for heat.  Pushing these people into the electricity market is sure to put a burden on their already strained grids.  Presently they are implementing incentives for solar, wind, gas and other "clean" energy alternatives and pushing a conservation agenda with a tiered rating structure based on consumption which means higher rates with higher consumption. 

 The cheap power is in Washington state, good ole USA.

The rates I have seen for China are  $0.08 USD/kWh and up for residential and $0.12 USD/kWh and up for non-residential, non-industrial.  There is cheap power for farmers in poor areas which is around $0.03USD/kWh but you don't want to get caught running a mining farm there or you will surely be a friedcat.
bitcoin.newsfeed
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August 19, 2014, 02:56:28 PM
 #22225

Update
1. Due to the relatively lower interest from individual miners as well as OEM producers, the self mining has re-started from middle of July. We had gain access of cheap electricity and high power capacity. We hope to regain the average hashrate percentage similar to 2013 with this generation of chips.

Why aren't bitcoins from one month mining distributed to the shareholders? And why isn't AM hashrate or mining address public ? ? ?

And what about that promised interview ?  Roll Eyes ffs...

What is the reason to announce that AM re-started the self-mining when all bitcoins goes to the private hands?

... Question Everything, Believe Nothing ...
MichaelBliss
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August 19, 2014, 02:58:45 PM
 #22226

Update
1. Due to the relatively lower interest from individual miners as well as OEM producers, the self mining has re-started from middle of July. We had gain access of cheap electricity and high power capacity. We hope to regain the average hashrate percentage similar to 2013 with this generation of chips.

Why aren't bitcoins from one month mining distributed to the shareholders? And why isn't AM hashrate or mining address public ? ? ?

And what about that promised interview ?  Roll Eyes ffs...


Poor guy you are.  That bag must be heavy by now.   May I suggest you lighten it?   I could use some more shares at the current rate.
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August 19, 2014, 03:13:33 PM
 #22227

why not AM build a public hashrate pool? The affiliates can join this pool, then the pool will be big enough to attract outsiders. Our dividends will include the fees, at least AM's affiliates don't need to pay the fee to other pools.
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August 19, 2014, 03:18:38 PM
 #22228

We are now at 200 Petahash for the Bitcoin network, and it is still growing as we speak. There is a good chance FriedCat has something to do with this, I would be patient over the rest of August as this story unfolds. If the price of Bitcoin stays in the $500-$600 USD range, rising difficulty and dropping BTC price will push many of AM's competition into a situation where they either mine at a loss and wait for the price to ramp up, or turn off their miners.

In the approaching environment, whomever can deploy hashrate onto the network at the cheapest cost per GH is going to make bank. AM may well flood the network with cheap to run Gen3 chips and put the hurting on the competition. This is in-line with ASIC MINER's stated goal for the remainder of 2014, so we could see some fireworks soon (along with a lot of upset miners).


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August 19, 2014, 03:32:03 PM
 #22229

We are now at 200 Petahash for the Bitcoin network, and it is still growing as we speak. There is a good chance FriedCat has something to do with this, I would be patient over the rest of August as this story unfolds. If the price of Bitcoin stays in the $500-$600 USD range, rising difficulty and dropping BTC price will push many of AM's competition into a situation where they either mine at a loss and wait for the price to ramp up, or turn off their miners.

In the approaching environment, whomever can deploy hashrate onto the network at the cheapest cost per GH is going to make bank. AM may well flood the network with cheap to run Gen3 chips and put the hurting on the competition. This is in-line with ASIC MINER's stated goal for the remainder of 2014, so we could see some fireworks soon (along with a lot of upset miners).




+1

why not AM build a public hashrate pool? The affiliates can join this pool, then the pool will be big enough to attract outsiders. Our dividends will include the fees, at least AM's affiliates don't need to pay the fee to other pools.

Yep, they should.  Even with a pool fee for outsiders of something small like 0.1%, this would begin to offset electrical costs for hosting the servers, etc and of the overall operation.  And its a much smaller fee than most pools, so I'm sure you'd start to see some pull-back from other pools as people switched.  It would also make the AM pool larger, decreasing the variance between blocks (and therefore should add value to the share price in this manner).
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August 19, 2014, 03:43:33 PM
 #22230

We are now at 200 Petahash for the Bitcoin network, and it is still growing as we speak. There is a good chance FriedCat has something to do with this, I would be patient over the rest of August as this story unfolds. If the price of Bitcoin stays in the $500-$600 USD range, rising difficulty and dropping BTC price will push many of AM's competition into a situation where they either mine at a loss and wait for the price to ramp up, or turn off their miners.

In the approaching environment, whomever can deploy hashrate onto the network at the cheapest cost per GH is going to make bank. AM may well flood the network with cheap to run Gen3 chips and put the hurting on the competition. This is in-line with ASIC MINER's stated goal for the remainder of 2014, so we could see some fireworks soon (along with a lot of upset miners).





Let's just hope that fireworks are beautiful and not explosions of terror.
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August 19, 2014, 04:08:02 PM
 #22231

Yep, they should.  Even with a pool fee for outsiders of something small like 0.1%, this would begin to offset electrical costs for hosting the servers, etc and of the overall operation.  And its a much smaller fee than most pools, so I'm sure you'd start to see some pull-back from other pools as people switched.  It would also make the AM pool larger, decreasing the variance between blocks (and therefore should add value to the share price in this manner).

I created a poll recently about what method people would prefer AM to use for mining.

The results are currently as follows:

P2P = 36.4%
Solo-mining = 34.5%
Own pool = 29.1%
Already established pool = 0%
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August 19, 2014, 04:54:57 PM
 #22232

We are now at 200 Petahash for the Bitcoin network, and it is still growing as we speak. There is a good chance FriedCat has something to do with this, I would be patient over the rest of August as this story unfolds. If the price of Bitcoin stays in the $500-$600 USD range, rising difficulty and dropping BTC price will push many of AM's competition into a situation where they either mine at a loss and wait for the price to ramp up, or turn off their miners.

In the approaching environment, whomever can deploy hashrate onto the network at the cheapest cost per GH is going to make bank. AM may well flood the network with cheap to run Gen3 chips and put the hurting on the competition. This is in-line with ASIC MINER's stated goal for the remainder of 2014, so we could see some fireworks soon (along with a lot of upset miners).




What's AM's power cost?  Is it significantly better than the competition?
Franktank
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August 19, 2014, 05:08:08 PM
 #22233

From the Hardware thread:

1. The miner can not directly run with f2pool. If you want to mine on f2pool, you need a PC or a raspberry PI
with a mining proxy. The ethernet controller needs to be pointed to the proxy instead of the pool.

2. We now offer the shipping of fully assembled devices. If you need them to be shipped as a whole please specify
in your order. We still prefer separate shipping though, because it will reduce the potential shipping damage significantly.

3. The ethernet controller needs a 12V 1A DC input. You could either use a separate AC/DC for it, or wire one
directly from your PSU for the hashing boards.

4. Shipping to countries outside mainland China is free.
chairforce1
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August 19, 2014, 09:43:11 PM
 #22234

Something is lacking somewhere. There is equipment in hand yet the hardware thread is dead and other companies have pre-orders filled for miles.

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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August 19, 2014, 10:06:34 PM
 #22235

Something is lacking somewhere. There is equipment in hand yet the hardware thread is dead and other companies have pre-orders filled for miles.
I think people are reluctant to buy miners when the hashrate keeps flying up
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August 19, 2014, 10:17:14 PM
 #22236

Something is lacking somewhere. There is equipment in hand yet the hardware thread is dead and other companies have pre-orders filled for miles.
I think people are reluctant to buy miners when the hashrate keeps flying up

Also there may be some hesitation due to efficiency.  It'd be nice to see what could be done chasing efficiency with the BE200 instead of max HR.
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August 20, 2014, 12:28:41 AM
 #22237

Something is lacking somewhere. There is equipment in hand yet the hardware thread is dead and other companies have pre-orders filled for miles.
I think people are reluctant to buy miners when the hashrate keeps flying up

Also there may be some hesitation due to efficiency.  It'd be nice to see what could be done chasing efficiency with the BE200 instead of max HR.

I think the lack of first hand English information on Asicminer is to blame, I mean... most all the information you can find on the company is in this thread... for most people that looks shady as fuck.  Sure most people in the know consider AM the best mining company in existence in terms of how they have conducted themselves relative to competition... but the PR game is only now being addressed.

Another issue for me at least was that FC wants to sell lots of units, I am still debating on buying one right now from Canary... or waiting till the difficulty goes up and people are dumping them.  I mostly want one just to sit on my desk because they look sexy as fuck!

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August 20, 2014, 12:36:44 AM
Last edit: August 20, 2014, 02:51:31 AM by hdbuck
 #22238

I dont get it, the website is a total mess. How can you offer miners worldwide without a proper version in both chinese and english (+ with some sort of basic 'basket' payement system!)?
Wtf do they only sell via PMs and emails?!
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August 20, 2014, 12:59:19 AM
 #22239

i recommend buying the asicminer.co domain from me and turning it into a proper site.
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August 20, 2014, 02:37:07 AM
 #22240

8btc will conduct an exclusive interview with FC/Asicminer lately.
Please leave your questions for FC/Asicminer in this--> thread.

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