ASICMINER: Entering the Future of ASIC Mining by Inventing It

[stompysteve]

who is this?
https://blockchain.info/address/1Nd99aNgYWpKkqcqSMgWtdtVDadewAS5F7

They probably have about 8 ph

[1652749200]

1652749200

[1652749200]

1652749200

[1652749200]

1652749200

[webbrowser]

I reckon it's about 10PH.

Organofcorti figures it to be about 9.3PH, and pointed out that GHash lost 10PH on the same day that 1Nd99 started mining.

[ensurance982]

I reckon it's about 10PH.

Organofcorti figures it to be about 9.3PH, and pointed out that GHash lost 10PH on the same day that 1Nd99 started mining.

So GHash.IO really is redirecting some of their hash rate to other addresses in order to cover up that they indeed still do have 50% or more of the entire network. If there's one conspiracy theory I'd be willing to consider, it is this one!

[webbrowser]

Who knows?  Ghash also seemed to be experiencing a bunch of problems at the same time. Maybe whoever operated this mining farm simply decided it was better to solo mine.

On the other hand, most farms have pretty hefty electrical bills to pay. By leaving 9 days of mining rewards untouched, perhaps this farm really has another big chunk of hashing power elsewhere that can pay the bills.

[ensurance982]

Who knows?  Ghash also seemed to be experiencing a bunch of problems at the same time. Maybe whoever operated this mining farm simply decided it was better to solo mine.

On the other hand, most farms have pretty hefty electrical bills to pay. By leaving 9 days of mining rewards untouched, perhaps this farm really has another big chunk of hashing power elsewhere that can pay the bills.

Could also be that they just speculated for the price to go up again, only to realize that it seemingly doesn't anytime soon. Thus they had to turn off their gear. I'm always puzzled that difficulty adjustments don't come with a sudden drop in hash rate!

[SaintFlow]

Coupon rule:

For each device purchased, you get a 0.05 btc coupon. The price of each new purchased device can only be reduced by one coupon. Coupon works not only for round 2 sales, but also all future devices that are priced at more than 0.05 btc each.

how about 0,05 for every sharehodler??? God knows the ride from 4 to here was hard.

So how many circuitboards are starting to collect dust unassembled for how many weeks
while difficulty explodes double digit style?

[Mabsark]

I'm starting to lose some trust in Friedcat, not because of the lack of shareholder info though. I noticed a mistake in the Round 2 pricing and he basically just brushed it off as there not being any mistake at all.

Round 2 Sales
Full 10-devices set including:
  40 Hashing Units
  40 Thermal Pads (optional, on demand)
  3 Ethernet Controllers (1 for redundancy. One controller can in principle drive as many as 8 full devices)
  10 Cooling Kits
  10 Fans
  Free Assembling
7.9 BTC/set

Hashing Unit: 0.160 BTC/piece for <400 pieces
                   MOQ at 40 pieces. (Each unit hashes at 200-215GH/s in typical clock)

Thermal Pad: 0.007 BTC/piece. MOQ at 40 pieces.

Ethernet Controller: 0.069 BTC/piece. MOQ at 2 pieces.

Cooling Kit: 0.069 BTC/set. MOQ at 10 sets.

Fan: 0.014 BTC/piece. MOQ at 10 pieces.

If you do the maths, you'll see that the total actually comes to 7.717 BTC not 7.9 BTC. I pointed this out to FC who said that the 7.9 BTC price includes assembly. The post clearly states "Free assembling" and FC has made numerous posts about preferring to ship unassembled. It just makes no sense whatsoever. I've also pointed that out to him but haven't heard back from him yet and the post hasn't been corrected.

I'm surprised no potential buyers have pointed this out in the sales thread yet.

[NotLambchop]

...
how about 0,05 for every sharehodler??? God knows the ride from 4 to here was hard.
...

That's not how stocks work.

Friedcat sold your shares below today's market price (@.1BTC I think).  That's all the money he got from each share.
He did not profit from you buying the shares for @4BTC, just like he would not lose any money if you decide to sell your shares @.0001BTC.
It's completely out of his hands.
The guy who bought the shares @.1BTC and sold them to you @4.0BTC (a 4000% markup) got your cheddar, not Friedcat.
Why would Friedcat pay you for your mistakes?

[bitsalame]

I'm starting to lose some trust in Friedcat, not because of the lack of shareholder info though. I noticed a mistake in the Round 2 pricing and he basically just brushed it off as there not being any mistake at all.

Round 2 Sales
Full 10-devices set including:
  40 Hashing Units
  40 Thermal Pads (optional, on demand)
  3 Ethernet Controllers (1 for redundancy. One controller can in principle drive as many as 8 full devices)
  10 Cooling Kits
  10 Fans
  Free Assembling
7.9 BTC/set

Hashing Unit: 0.160 BTC/piece for <400 pieces
                   MOQ at 40 pieces. (Each unit hashes at 200-215GH/s in typical clock)

Thermal Pad: 0.007 BTC/piece. MOQ at 40 pieces.

Ethernet Controller: 0.069 BTC/piece. MOQ at 2 pieces.

Cooling Kit: 0.069 BTC/set. MOQ at 10 sets.

Fan: 0.014 BTC/piece. MOQ at 10 pieces.

If you do the maths, you'll see that the total actually comes to 7.717 BTC not 7.9 BTC. I pointed this out to FC who said that the 7.9 BTC price includes assembly. The post clearly states "Free assembling" and FC has made numerous posts about preferring to ship unassembled. It just makes no sense whatsoever. I've also pointed that out to him but haven't heard back from him yet and the post hasn't been corrected.

I'm surprised no potential buyers have pointed this out in the sales thread yet.

omg, you are naive, aren't you?
Nothing is free in this world, especially in the business world.
Do you really think that any "free coupons" in any convenience store is actually "free"? The costs are always included in the final price.
Make your own calcualtions, go to ebay or amazon and check all the "free shippings" offerings of any product. You might find either $10+free shipping or $7 +$2.99 shipping... most likely all of the listings will have almost the exact same total price.
This is normal business practice. It is logical that they will want to charge some time for the time consuming process of assembling the units, really could you blame them?
They probably just forgot to spread it out through the different parts.

This is a irrelevant point to nitpick, the main point is that with the price correction it is now the cheapest offering in the market.
Lets put things in perspective, you are complaining about 0.183 when the actual discount is -2.5 BTC.

[shawshankinmate37927]

I'm starting to lose some trust in Friedcat, not because of the lack of shareholder info though. I noticed a mistake in the Round 2 pricing and he basically just brushed it off as there not being any mistake at all.

Round 2 Sales
Full 10-devices set including:
  40 Hashing Units
  40 Thermal Pads (optional, on demand)
  3 Ethernet Controllers (1 for redundancy. One controller can in principle drive as many as 8 full devices)
  10 Cooling Kits
  10 Fans
  Free Assembling
7.9 BTC/set

Hashing Unit: 0.160 BTC/piece for <400 pieces
                   MOQ at 40 pieces. (Each unit hashes at 200-215GH/s in typical clock)

Thermal Pad: 0.007 BTC/piece. MOQ at 40 pieces.

Ethernet Controller: 0.069 BTC/piece. MOQ at 2 pieces.

Cooling Kit: 0.069 BTC/set. MOQ at 10 sets.

Fan: 0.014 BTC/piece. MOQ at 10 pieces.

If you do the maths, you'll see that the total actually comes to 7.717 BTC not 7.9 BTC. I pointed this out to FC who said that the 7.9 BTC price includes assembly. The post clearly states "Free assembling" and FC has made numerous posts about preferring to ship unassembled. It just makes no sense whatsoever. I've also pointed that out to him but haven't heard back from him yet and the post hasn't been corrected.

I'm surprised no potential buyers have pointed this out in the sales thread yet.

Let's not forget that English isn't friedcat's native language.  He may not have understood what you were trying to say.  Plus, he's hopefully swamped trying to fill orders and doesn't have time to edit posts that no one else is complaining about.  But, I agree that it would be better to just include an assembly fee for those that prefer to have the hardware shipped to them pre-assembled and his cost breakdown should look something more like this:

–––––––––––––––––	––––––––––––––––––
Hashing Units:	40 x BTC0.160 = BTC6.400
Thermal Pads:	40 x BTC0.007 = BTC0.280
Ethernet Controllers:	3 x BTC0.069 = BTC0.207
Cooling Kits:	10 x BTC0.069 = BTC0.690
Fans:	10 x BTC0.014 = BTC0.140
Assembly:	= BTC0.183
–––––––––––––––––	––––––––––––––––––
	Total Cost: BTC7.900
–––––––––––––––––	––––––––––––––––––

[Mabsark]

omg, you are naive, aren't you?
Nothing is free in this world, especially in the business world.
Do you really think that any "free coupons" in any convenience store is actually "free"? The costs are always included in the final price.
Make your own calcualtions, go to ebay or amazon and check all the "free shippings" offerings of any product. You might find either $10+free shipping or $7 +$2.99 shipping... most likely all of the listings will have almost the exact same total price.
This is normal business practice. It is logical that they will want to charge some time for the time consuming process of assembling the units, really could you blame them?
They probably just forgot to spread it out through the different parts.

This is a irrelevant point to nitpick, the main point is that with the price correction it is now the cheapest offering in the market.
Lets put things in perspective, you are complaining about 0.183 when the actual discount is -2.5 BTC.

Like you suggest, I made my own calculations and found FC's to be wrong so I informed him of the error. How on earth does that make me naive? False advertising is not normal business practice at all and until the mistake in that post is rectified that's what it is. As a shareholder, mistakes are not something I like seeing AM make, no matter how small they are. Do you really want people calling FC a liar and a thief or a simpleton who can't do basic maths? We've had enough problems of late, we don't need crap like that adding to them. Either fix the price or add an assembly fee. Problem solved. As it stands though, it's just false advertising and that's something we probably all despise.

PS: Will you give me 0.183 BTC? After all it's only 0.183 BTC so you may as well do so. 

[ensurance982]

Yeah I guess the offer could have been worded a bit better, but in the end it just means that if you choose the 'complete' miner the assembly is already included. Don't really see such a big problem in that. The prices are clearly visible for everyone involved and it's not like the numbers don't add up or something...

[jjdub7]

friedcat -

What is the QA (quality assurance) process currently in place for all the relevant parts being manufactured with the tubes?  What is the defect rate for each part in the manufacturing process?

[bitsalame]

omg, you are naive, aren't you?
Nothing is free in this world, especially in the business world.
Do you really think that any "free coupons" in any convenience store is actually "free"? The costs are always included in the final price.
Make your own calcualtions, go to ebay or amazon and check all the "free shippings" offerings of any product. You might find either $10+free shipping or $7 +$2.99 shipping... most likely all of the listings will have almost the exact same total price.
This is normal business practice. It is logical that they will want to charge some time for the time consuming process of assembling the units, really could you blame them?
They probably just forgot to spread it out through the different parts.

This is a irrelevant point to nitpick, the main point is that with the price correction it is now the cheapest offering in the market.
Lets put things in perspective, you are complaining about 0.183 when the actual discount is -2.5 BTC.

Like you suggest, I made my own calculations and found FC's to be wrong so I informed him of the error. How on earth does that make me naive? False advertising is not normal business practice at all and until the mistake in that post is rectified that's what it is. As a shareholder, mistakes are not something I like seeing AM make, no matter how small they are. Do you really want people calling FC a liar and a thief or a simpleton who can't do basic maths? We've had enough problems of late, we don't need crap like that adding to them. Either fix the price or add an assembly fee. Problem solved. As it stands though, it's just false advertising and that's something we probably all despise.

PS: Will you give me 0.183 BTC? After all it's only 0.183 BTC so you may as well do so.  

What I meant is that he might have originally intended to do something like this:

–––––––––––––––––	––––––––––––––––––
Hashing Units:	40 x BTC0.160915 = BTC6.4366
Thermal Pads:	40 x BTC0.007915 = BTC0.3166
Ethernet Controllers:	3 x BTC0.0812 = BTC0.2436
Cooling Kits:	10 x BTC0.07266 = BTC0.7266
Fans:	10 x BTC0.01766 = BTC0.1766
Assembly	= BTCFree
–––––––––––––––––	––––––––––––––––––
	Total Cost: BTC7.900
–––––––––––––––––	––––––––––––––––––

Basically distributing the 0.183 BTC shuffled on the existing pricing, and leaving the "Free Assembly" for the psychological effect.
Anyway, the arrangement of the pricing is irrelevant, a substantial discount of 2.5 BTC was being offered from its original 10.4BTC to 7.9BTC.
Calling it dishonest is ridiculous, you are making waves on an actual non-issue.

Probably they just hurried up to finish the orders and got the raw price list published, and now it wasn't easy to edit the post because they either had to recalculate the whole price list or suddenly had to add an Assembly Fee with the risk of causing confusion...
Anyway, the new final price of 7.9 BTC, which seems to have been the original price target, still reflects a generous 24% discount; and I think that to call it "deceitful" or accusing of false advertising for an honest mistake and for you losing the opportunity to exploit a semantic loophole for an extra 1.75% discount is quite a stretch, don't you think?

Let's be reasonable.

In any case, I guess that Friedcat is now forced to make some statement on this overblown non-issue. Congratulations, Mabsark.

BTW, having said that, I would appreciate some attention to detail. Some areas that the company seem to be struggling a bit is in its marketing, sales and quality control dept.
AM first mover's advantage is gone, and the game has changed a lot. The first period was all about technical expertise, enginereed by geeks for geeks. Now the tide has changed and it is time for business expertise, how to target the market of clueless laymen and corner the market.
If AM is targeting the retail market, they will have to pay a LOT more attention to the user experience. Don't leave any space for misunderstandings, please start focusing on simplicity, practicality and intuitiveness.

It is time to depart from the forum nonsense and have some professional PR, HR, Marketing, support and a proficient sales team. I hope to see advances in these areas.

[stompysteve]

I'm starting to lose some trust in Friedcat, not because of the lack of shareholder info though. I noticed a mistake in the Round 2 pricing and he basically just brushed it off as there not being any mistake at all.

Round 2 Sales
Full 10-devices set including:
  40 Hashing Units
  40 Thermal Pads (optional, on demand)
  3 Ethernet Controllers (1 for redundancy. One controller can in principle drive as many as 8 full devices)
  10 Cooling Kits
  10 Fans
  Free Assembling
7.9 BTC/set

Hashing Unit: 0.160 BTC/piece for <400 pieces
                   MOQ at 40 pieces. (Each unit hashes at 200-215GH/s in typical clock)

Thermal Pad: 0.007 BTC/piece. MOQ at 40 pieces.

Ethernet Controller: 0.069 BTC/piece. MOQ at 2 pieces.

Cooling Kit: 0.069 BTC/set. MOQ at 10 sets.

Fan: 0.014 BTC/piece. MOQ at 10 pieces.

If you do the maths, you'll see that the total actually comes to 7.717 BTC not 7.9 BTC. I pointed this out to FC who said that the 7.9 BTC price includes assembly. The post clearly states "Free assembling" and FC has made numerous posts about preferring to ship unassembled. It just makes no sense whatsoever. I've also pointed that out to him but haven't heard back from him yet and the post hasn't been corrected.

I'm surprised no potential buyers have pointed this out in the sales thread yet.

Let's not forget that English isn't friedcat's native language.  He may not have understood what you were trying to say.  Plus, he's hopefully swamped trying to fill orders and doesn't have time to edit posts that no one else is complaining about.  But, I agree that it would be better to just include an assembly fee for those that prefer to have the hardware shipped to them pre-assembled and his cost breakdown should look something more like this:

–––––––––––––––––	––––––––––––––––––
Hashing Units:	40 x BTC0.160 = BTC6.400
Thermal Pads:	40 x BTC0.007 = BTC0.280
Ethernet Controllers:	3 x BTC0.069 = BTC0.207
Cooling Kits:	10 x BTC0.069 = BTC0.690
Fans:	10 x BTC0.014 = BTC0.140
Assembly:	= BTC0.183
–––––––––––––––––	––––––––––––––––––
	Total Cost: BTC7.900
–––––––––––––––––	––––––––––––––––––

If they are pre assembled then don't have to worry about hanging in the sales section answering assembly issues

[Mabsark]

Anyway, the new final price of 7.9 BTC, which seems to have been the original price target, still reflects a generous 24% discount; and I think that to call it "deceitful" or accusing of false advertising for an honest mistake and for you losing the opportunity to exploit a semantic loophole for an extra 1.75% discount is quite a stretch, don't you think?

I wasn't even trying to buy a miner and it doesn't matter if it was an honest mistake, until it's corrected it's still false advertising and reflects poorly on AM.

[vortex1878]

Anyway, the new final price of 7.9 BTC, which seems to have been the original price target, still reflects a generous 24% discount; and I think that to call it "deceitful" or accusing of false advertising for an honest mistake and for you losing the opportunity to exploit a semantic loophole for an extra 1.75% discount is quite a stretch, don't you think?

I wasn't even trying to buy a miner and it doesn't matter if it was an honest mistake, until it's corrected it's still false advertising and reflects poorly on AM.

Bored much? Instead of counting beans you could help people counting screws for their unassembled tubes... 

[AllInBit]

Did anyone know about this Digcoin project?

 "The Digcoin(www.digcoin.com) project includes expansion of an existing mining factory and purchase of additional hashing power.
Hashing power is directed to Discus Fish mining pool and income is sent to this address: 1P6tPUYGFxNnteLsdauVAScpkeUShPvRR7
Transaction records of this address show that income is about 28 BTC per day, which is the product of 1.3 PH/s. The Digcoin project will increase hashing power to approximately 4 PH/s
Digcoin is a digital currency cloud mining platform built and operated by Huobi. Digcoin has deep integration with Huobi spot trading, BitVC derivatives trading and wealth management, Quickwallet multi-signature wallet service, and other digital currency products and services of Huobi.
Digcoin has developed deep cooperation with Avalon,ASICMINER , and other well-known mining machine manufacturers. As of 2014.8.26, Digcoin is estimated to contribute 2.5% of the Bitcoin network's total hashing power.
Digcoin is an open platform; its mission is to make mining more convenient and more profitable." - Bitvc.com




  

[Rival]

I am surprised no one has pointed out a particularly obvious issue with the BE200 chips which caused a significant loss of revenue to AM. The power consumption of the chips came in higher than expected. For large mining units, that is not really an issue because the consumption vs the g/hash is still pretty decent. The real problem is that AM cannot produce simple 1-chip usb units similar to the 333 Mhs units. There are no USB hubs on the market that can handle the power requirements of a full compliment of (not designed, not released) USB miners.

The market should have been flooded with BE200 single-chip USB miners by now. Unfortunately, the power requirements locked AM out of that very lucrative market. For shareholders this is a real punch in the gut.

Disclaimer: Still a stockholder and still hodling.

[RoadStress]

I am surprised no one has pointed out a particularly obvious issue with the BE200 chips which caused a significant loss of revenue to AM. The power consumption of the chips came in higher than expected. For large mining units, that is not really an issue because the consumption vs the g/hash is still pretty decent. The real problem is that AM cannot produce simple 1-chip usb units similar to the 333 Mhs units. There are no USB hubs on the market that can handle the power requirements of a full compliment of (not designed, not released) USB miners.

The market should have been flooded with BE200 single-chip USB miners by now. Unfortunately, the power requirements locked AM out of that very lucrative market. For shareholders this is a real punch in the gut.

Disclaimer: Still a stockholder and still hodling.

Mining isn't the same like last year. What worked in the past doesn't mean that it will work in the future too. Mining is moving forward towards big ass machines.