Bitcoin Forum
September 21, 2019, 04:32:41 PM *
News: Latest Bitcoin Core release: 0.18.1 [Torrent]
 
   Home   Help Search Login Register More  

Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

Pages: « 1 ... 1092 1093 1094 1095 1096 1097 1098 1099 1100 1101 1102 1103 1104 1105 1106 1107 1108 1109 1110 1111 1112 1113 1114 1115 1116 1117 1118 1119 1120 1121 1122 1123 1124 1125 1126 1127 1128 1129 1130 1131 1132 1133 1134 1135 1136 1137 1138 1139 1140 1141 [1142] 1143 1144 1145 1146 1147 1148 1149 1150 1151 1152 1153 1154 1155 1156 1157 1158 1159 1160 1161 1162 1163 1164 1165 1166 1167 1168 1169 1170 1171 1172 1173 1174 1175 1176 1177 1178 1179 1180 1181 1182 1183 1184 1185 1186 1187 1188 1189 1190 1191 1192 ... 1348 »
  Print  
Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3898971 times)
ensurance982
Hero Member
*****
Offline Offline

Activity: 518
Merit: 500


Trust me!


View Profile
September 09, 2014, 10:40:07 AM
 #22821

The 67117 user on btcguild has been stuck at 280 TH for ages.  how are the sales thread doing on the forum?

I don't think that this is the entirety of AM's mining operation. Granted, it would be about 4 times the gen 1 hash rate, but the new chips are about 30x as fast when it comes to hashing power and almost 10 times as efficient power-consumption-wise!

Other possibilty: Friedcat put little effort into adding gen3 chips to the self-mining operation because gen4 is coming so soon.

Could also very well be! My guess is that FC didn't anticipate the continuing price drop we're currently observing. He has to pay for FIAT spendings with the mining income, after all! If gen 4 is working out great so far, he might very well be focusing on that now.

                                                                                                                      We Support Currencies: BTC, LTC, USD, EUR, GBP
1569083561
Hero Member
*
Offline Offline

Posts: 1569083561

View Profile Personal Message (Offline)

Ignore
1569083561
Reply with quote  #2

1569083561
Report to moderator
1569083561
Hero Member
*
Offline Offline

Posts: 1569083561

View Profile Personal Message (Offline)

Ignore
1569083561
Reply with quote  #2

1569083561
Report to moderator
1569083561
Hero Member
*
Offline Offline

Posts: 1569083561

View Profile Personal Message (Offline)

Ignore
1569083561
Reply with quote  #2

1569083561
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1569083561
Hero Member
*
Offline Offline

Posts: 1569083561

View Profile Personal Message (Offline)

Ignore
1569083561
Reply with quote  #2

1569083561
Report to moderator
1569083561
Hero Member
*
Offline Offline

Posts: 1569083561

View Profile Personal Message (Offline)

Ignore
1569083561
Reply with quote  #2

1569083561
Report to moderator
Mabsark
Legendary
*
Offline Offline

Activity: 826
Merit: 1000


View Profile
September 09, 2014, 12:42:08 PM
 #22822

Could also very well be! My guess is that FC didn't anticipate the continuing price drop we're currently observing. He has to pay for FIAT spendings with the mining income, after all! If gen 4 is working out great so far, he might very well be focusing on that now.

Depending on the chip sales and the denomination of the currency used, AM might have plenty of fiat to see them through such periods without needing to convert bitcoins at low prices to pay the bills.
SaintFlow
Sr. Member
****
Offline Offline

Activity: 476
Merit: 250


The first is by definition not flawed.


View Profile
September 09, 2014, 06:06:26 PM
 #22823

Alright, when are the next numbers comming?

Board members: When is the next meeting?

don't let me make you question your assumptions
Bonam
Sr. Member
****
Offline Offline

Activity: 420
Merit: 250


View Profile
September 09, 2014, 06:07:26 PM
 #22824

Board members: When is the next meeting?

When is the last time we heard from a board member?
bitcoin.newsfeed
Sr. Member
****
Offline Offline

Activity: 378
Merit: 250


View Profile
September 09, 2014, 07:54:04 PM
 #22825

Board members: When is the next meeting?
When is the last time we heard from a board member?

Jutarul is very quiet around here, very strange Undecided maybe he's clueless like us ... Friedcat just doesn't give a shit, "he works for only himself".

... Question Everything, Believe Nothing ...
Jutarul
Donator
Legendary
*
Offline Offline

Activity: 994
Merit: 1000



View Profile
September 09, 2014, 08:20:39 PM
 #22826

Board members: When is the next meeting?
When is the last time we heard from a board member?

Jutarul is very quiet around here, very strange Undecided maybe he's clueless like us ... Friedcat just doesn't give a shit, "he works for only himself".
I took a break from disseminating information because FC started missing his own deadlines. I can provide information on what's being said, but I cannot create explanations for what's happening and why. That has to come straight from the man - it's his company and his stakeholders after all.

On that front I can say that board members are as much interested in knowing some details about the operation and future projections as anyone else here. However, FC keeps the details of the operation close to his chest. The board is trying to improve the situation for shareholders, but it's a longer term process.

The ASICMINER Project https://bitcointalk.org/index.php?topic=99497.0
"The way you solve things is by making it politically profitable for the wrong people to do the right thing.", Milton Friedman
dmcdad
Sr. Member
****
Offline Offline

Activity: 309
Merit: 250



View Profile
September 09, 2014, 08:36:59 PM
 #22827

Thanks the post, Jutarul. Regarding providing info on what is being said, have you heard any updates on how gen4 is coming along?
Jutarul
Donator
Legendary
*
Offline Offline

Activity: 994
Merit: 1000



View Profile
September 09, 2014, 08:50:27 PM
 #22828

Thanks the post, Jutarul. Regarding providing info on what is being said, have you heard any updates on how gen4 is coming along?
Based on the information provided the gen4 is coming along according to schedule. There will be some time span in which it will be evaluated. However, to put things in perspective any new chips will not move the profit margins too much. Profit margins are mainly a function of BTC price, network power and average upkeep costs. The tech has moved quickly in the last 2 years and is hitting Moore's barrier pretty hard. Main profits will likely come from innovative ways to reduce capex and opex, which not necessarily requires the latest chips.

The ASICMINER Project https://bitcointalk.org/index.php?topic=99497.0
"The way you solve things is by making it politically profitable for the wrong people to do the right thing.", Milton Friedman
zefir
Donator
Hero Member
*
Offline Offline

Activity: 919
Merit: 1000



View Profile
September 09, 2014, 09:04:14 PM
 #22829

Oops, Jutarul beat me to the minute Wink

Board members: When is the next meeting?
When is the last time we heard from a board member?

Jutarul is very quiet around here, very strange Undecided maybe he's clueless like us ... Friedcat just doesn't give a shit, "he works for only himself".

a) kind of and b) no.

b) friedcat does not need to 'work for himself' any more - if he did not care about the shareholders, he for sure could step aside and enjoy the life we all seek.

a) we had a board meeting last week. One of the discussed topics was the current information policy and a related consensus that it needs improvements. The search for a dedicated PR person is still active and situation is expected to get way more relaxed once this is settled. What is generally to note is, that there are no news to report as long as there are no news to report. Basically things are progressing as planned, but with the company maturing and being able to follow long-term plans, there is often nothing relevant to report on a weekly (or even monthly) base. Needless to say that in such a competitive business field there is also information not meant for the public (or the board).

Generally, board meetings are company confidential unless otherwise stated. Therefore observing that none from the board is posting in this thread or elsewhere is a combination of 1) there are no relevant news, and 2) if there were, we are not allowed to disclose. This is not because we are careless bastards, but to protect the company, ourselves and shareholders.

For now, please take the fact that the board is pushing for a better transparency for granted and look forward for this to improve mid term.

Bonam
Sr. Member
****
Offline Offline

Activity: 420
Merit: 250


View Profile
September 09, 2014, 09:21:28 PM
 #22830

Thanks the post, Jutarul. Regarding providing info on what is being said, have you heard any updates on how gen4 is coming along?
Based on the information provided the gen4 is coming along according to schedule. There will be some time span in which it will be evaluated. However, to put things in perspective any new chips will not move the profit margins too much. Profit margins are mainly a function of BTC price, network power and average upkeep costs. The tech has moved quickly in the last 2 years and is hitting Moore's barrier pretty hard. Main profits will likely come from innovative ways to reduce capex and opex, which not necessarily requires the latest chips.

Thanks for the post Jutarul (and zefir).

When you say "gen4 is coming along according to schedule", can you shed any light regarding what that schedule is? What phase is the design of gen4 chips in? When is "tape out" expected? When are the first samples expected to be received by AM for testing?
doosey2
Newbie
*
Offline Offline

Activity: 28
Merit: 0


View Profile
September 09, 2014, 09:25:02 PM
 #22831

Thx 2 all board members for the updates.

My shares aren't getting any divs and I need cash so I want to sell them to someone with more liquidity and time horizon.

I emailed fnnirvana 21 days ago about transferring into Havelock and no response *crickets*.

Do you know the correct process + forum to sell my shares?
ensurance982
Hero Member
*****
Offline Offline

Activity: 518
Merit: 500


Trust me!


View Profile
September 09, 2014, 09:37:48 PM
 #22832

Yes, thanks a lot for the heads up, both of you! And please let fc know that we would like to get a general update on the current mining, expectations concerning dividends, and about the time-frame when we can expect gen4.

                                                                                                                      We Support Currencies: BTC, LTC, USD, EUR, GBP
Jutarul
Donator
Legendary
*
Offline Offline

Activity: 994
Merit: 1000



View Profile
September 09, 2014, 10:06:02 PM
 #22833

Thanks the post, Jutarul. Regarding providing info on what is being said, have you heard any updates on how gen4 is coming along?
Based on the information provided the gen4 is coming along according to schedule. There will be some time span in which it will be evaluated. However, to put things in perspective any new chips will not move the profit margins too much. Profit margins are mainly a function of BTC price, network power and average upkeep costs. The tech has moved quickly in the last 2 years and is hitting Moore's barrier pretty hard. Main profits will likely come from innovative ways to reduce capex and opex, which not necessarily requires the latest chips.

Thanks for the post Jutarul (and zefir).

When you say "gen4 is coming along according to schedule", can you shed any light regarding what that schedule is? What phase is the design of gen4 chips in? When is "tape out" expected? When are the first samples expected to be received by AM for testing?
As long as there is no clear guidance on information policy, I have to defer to FC in answering those questions. That said - I don't have the data you're asking for (other than the tape out date).

The ASICMINER Project https://bitcointalk.org/index.php?topic=99497.0
"The way you solve things is by making it politically profitable for the wrong people to do the right thing.", Milton Friedman
Chris_Sabian
Legendary
*
Offline Offline

Activity: 896
Merit: 1000



View Profile
September 09, 2014, 10:06:35 PM
 #22834

Thanks for the updates  Jutarul and Zefir
Franktank
Hero Member
*****
Offline Offline

Activity: 574
Merit: 500


For Science


View Profile WWW
September 09, 2014, 10:13:55 PM
 #22835

Thanks for the post Jutarul (and zefir).

When you say "gen4 is coming along according to schedule", can you shed any light regarding what that schedule is? What phase is the design of gen4 chips in? When is "tape out" expected? When are the first samples expected to be received by AM for testing?
As long as there is no clear guidance on information policy, I have to defer to FC in answering those questions. That said - I don't have the data you're asking for (other than the tape out date).

Is that info allowed for public release?
Bonam
Sr. Member
****
Offline Offline

Activity: 420
Merit: 250


View Profile
September 09, 2014, 10:26:42 PM
 #22836

Thanks for the post Jutarul (and zefir).

When you say "gen4 is coming along according to schedule", can you shed any light regarding what that schedule is? What phase is the design of gen4 chips in? When is "tape out" expected? When are the first samples expected to be received by AM for testing?
As long as there is no clear guidance on information policy, I have to defer to FC in answering those questions. That said - I don't have the data you're asking for (other than the tape out date).

Is that info allowed for public release?


I think he said fairly clearly that he has not received the go-ahead from FC to be able to release that information.
Mabsark
Legendary
*
Offline Offline

Activity: 826
Merit: 1000


View Profile
September 09, 2014, 11:01:19 PM
 #22837

Thanks for the post Jutarul (and zefir).

When you say "gen4 is coming along according to schedule", can you shed any light regarding what that schedule is? What phase is the design of gen4 chips in? When is "tape out" expected? When are the first samples expected to be received by AM for testing?
As long as there is no clear guidance on information policy, I have to defer to FC in answering those questions. That said - I don't have the data you're asking for (other than the tape out date).

Is that info allowed for public release?


I think he said fairly clearly that he has not received the go-ahead from FC to be able to release that information.

He also said very clearly that the had the gen 4 tape-out date.  Grin
Bonam
Sr. Member
****
Offline Offline

Activity: 420
Merit: 250


View Profile
September 09, 2014, 11:12:16 PM
 #22838

He also said very clearly that the had the gen 4 tape-out date.  Grin

Yes... unfortunately we don't know when it is. It could be nothing but a projection for a few months out, or it could be a few days away. It's understandable wanting to keep something like that undisclosed so as not to tip off competition, but AM is in dire need of better communication with both its customers and shareholders. The board members mentioned that PR is being worked on, but then again, we've been hearing that PR is being worked on for over a year, and nothing's ever happened on that front.
Mabsark
Legendary
*
Offline Offline

Activity: 826
Merit: 1000


View Profile
September 09, 2014, 11:19:31 PM
 #22839

He also said very clearly that the had the gen 4 tape-out date.  Grin

Yes... unfortunately we don't know when it is. It could be nothing but a projection for a few months out, or it could be a few days away. It's understandable wanting to keep something like that undisclosed so as not to tip off competition, but AM is in dire need of better communication with both its customers and shareholders. The board members mentioned that PR is being worked on, but then again, we've been hearing that PR is being worked on for over a year, and nothing's ever happened on that front.

If the gen 4 tape-out date is known, then it's almost certainly been paid for already. That would go a long way to explaining the lack of dividends so far and could mean that gen 4 is far closer than we all imagine. This seems like the most logical explanation to me.
gog1
Hero Member
*****
Offline Offline

Activity: 756
Merit: 500


View Profile
September 10, 2014, 01:22:45 AM
 #22840

gen 2 was vaporware - gen 3 was a blah, now gen 4 .......

as much as I love ASICMINER, it seem like they ain't making it in the competitive mining space
Pages: « 1 ... 1092 1093 1094 1095 1096 1097 1098 1099 1100 1101 1102 1103 1104 1105 1106 1107 1108 1109 1110 1111 1112 1113 1114 1115 1116 1117 1118 1119 1120 1121 1122 1123 1124 1125 1126 1127 1128 1129 1130 1131 1132 1133 1134 1135 1136 1137 1138 1139 1140 1141 [1142] 1143 1144 1145 1146 1147 1148 1149 1150 1151 1152 1153 1154 1155 1156 1157 1158 1159 1160 1161 1162 1163 1164 1165 1166 1167 1168 1169 1170 1171 1172 1173 1174 1175 1176 1177 1178 1179 1180 1181 1182 1183 1184 1185 1186 1187 1188 1189 1190 1191 1192 ... 1348 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!