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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3914084 times)
ujka
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October 24, 2014, 08:02:41 AM
 #23921

That's my thoughts too, but that makes it $49/month for a TH which I find too cheap. for a 0.7W/GH that would mean 700W for a TH and a power cost of just 0.03$/kWh. It's either that cheap or something is fishy here. And if AM can get so cheap power why didn't they self mined faster or stronger? That power cost is a miner's wet dream.

Can you clarify how you get to $0.03/kWh?
I get the following:
For 0.7 kWh for a TH and 0.1$/kWh, we get (about) 0.7*24*30*0.1 = $50.4 per month in electricty costs.
So these maintenance fees indicate that AM gets electricity for less than $0.1/kWh. It does not indicate they get electricity for less than $0.03/kWh.
That's much more reasonable (and not even particularly cheap if they indeed pay $0.1/kWh, but I would assume they pay somewhat less).
AM tube's power usage is about 1.1W/GH/s (as per sidehack post, https://bitcointalk.org/index.php?topic=769570.msg8676189#msg8676189). To cover just the cost of electricity with $1.6 per day per TH/s, they have to get it for less then $0.06/kWh. But I guess that maintenance cost also includes renting space, colling, support,... ?
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rudi
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October 24, 2014, 08:13:28 AM
 #23922

AM tube's power usage is about 1.1W/GH/s (as per sidehack post, https://bitcointalk.org/index.php?topic=769570.msg8676189#msg8676189). To cover just the cost of electricity with $1.6 per day per TH/s, they have to get it for less then $0.06/kWh. But I guess that maintenance cost also includes renting space, colling, support,... ?

As Dexter770221 already said, they're most likely using Prismas, not Tubes. This gets us to about $0.08/kWh.
But this indeed assumes that the maintenance fees are used to pay only for electricity to run the miners (not cooling). If it is used to pay for other maintenance costs, they must get pretty darn cheap electricity indeed.
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October 24, 2014, 10:00:36 AM
 #23923

but the old shares AM1, are automatically included in this project?
 Huh

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runam0k
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October 24, 2014, 10:30:48 AM
 #23924

Are they advertising this somewhere, or just to people registered with Havelock?
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October 24, 2014, 10:32:39 AM
 #23925

but the old shares AM1, are automatically included in this project?
 Huh

Not, i wonder why people actually arent more outraged by this ...
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October 24, 2014, 10:35:56 AM
 #23926

There's only 1,000,000 units on havelock. Rest 4PH will mine for AM?

Under development Modular UPGRADEABLE Miner (MUM). Looking for investors.
Changing one PCB with screwdriver and you have brand new miner in hand... Plug&Play, scalable from one module to thousands.
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October 24, 2014, 10:51:06 AM
 #23927

damn, so apparently, FC (and boardmembers) prolonged absence could partly be explained by the fact that china has indeed restricted access to bitcointalk:

bitcointalk has been totally blocked by china interenet so i cannot login very often

are there anymore chinese people in here Huh

We all use VPNs in China. Without them we wouldn't have google, Facebook, twitter, BBC news (sometimes), etc etc

Personally, i never go online without a VPN because I'm paranoid about Big Brother watching me...

Hum cuz google facebook et al arent big brothering somehow?! Grin
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October 24, 2014, 10:54:49 AM
 #23928

I'm guessing this is a great way to get the rest of the chip inventory on the street pretty quickly.
Especially if GEN 4 is really on the horizon.
Get that chip inventory hashing before if spoils on the shelf.
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October 24, 2014, 10:58:04 AM
 #23929

I'm guessing this is a great way to get the rest of the chip inventory on the street pretty quickly.
Especially if GEN 4 is really on the horizon.
Get that chip inventory hashing before if spoils on the shelf.


I just expect to see the cash for the HW they are deploying. Financials will be quite interesting..
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October 24, 2014, 11:05:13 AM
 #23930

Its just the rouding error. Im curious how much they will sell. Id be very surprised if they sold out.
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October 24, 2014, 11:15:00 AM
 #23931

That's my thoughts too, but that makes it $49/month for a TH which I find too cheap. for a 0.7W/GH that would mean 700W for a TH and a power cost of just 0.03$/kWh. It's either that cheap or something is fishy here. And if AM can get so cheap power why didn't they self mined faster or stronger? That power cost is a miner's wet dream.

Can you clarify how you get to $0.03/kWh?
I get the following:
For 0.7 kWh for a TH and 0.1$/kWh, we get (about) 0.7*24*30*0.1 = $50.4 per month in electricty costs.
So these maintenance fees indicate that AM gets electricity for less than $0.1/kWh. It does not indicate they get electricity for less than $0.03/kWh.
That's much more reasonable (and not even particularly cheap if they indeed pay $0.1/kWh, but I would assume they pay somewhat less).

Ok I am bad at math.

@roadstress I see you posting but choosing not to acknowledge the post I made in reply to your comment yesterday.

I am not working at SP-Tech to be able to reply to you and I am not trying to sell anything. Can we focus on my posts, not on my signature?

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October 24, 2014, 11:35:44 AM
 #23932

There's only 1,000,000 units on havelock. Rest 4PH will mine for AM?

I think there is another big mistake.

Each share is worth 5 Gh/s, that is why there is only 1 000 000 shares available !

                    ▄▄▄
                   █████
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       ▁▄▄███▄           ▄▄████████▌
   ▁▄▆████████       ▄▄█████████▀▀       ▄███▄
 ▄█████████▀▔    ▄▄█████████▀▀           ▀███▀
▐██████▀▀▔   ,▄█████████▀▀        ▄▄▄
 ▔▀▀▀▔    ▄▄████████▀▀           █████
      ▄▄████████▀▀       ▄▄██▄    ▀▀▀
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  ▐██████▀▀      ▄▄█████████▀▔       █████
   `▀▀▀      ▂▄█████████▀▀    ,▄▄µ    ▀▀▀
          ▂▆████████▀▀    ,▄██████▌
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           ▔▀▀        ███████▀"
                      "▀▀▀╙
Hello!
STAKER
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KSmart Contract Tokene.














rudi
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October 24, 2014, 11:50:21 AM
 #23933

There's only 1,000,000 units on havelock. Rest 4PH will mine for AM?

I think there is another big mistake.

Each share is worth 5 Gh/s, that is why there is only 1 000 000 shares available !

Hm the share price is clearly listed as ฿0.00125000.
So if each share is worth 5 GH/s, that's ฿0.25 per TH/s. That's not likely.

I think it's more likely that they're just selling the shares in batches. This would be the first batch of 1 million shares.
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October 24, 2014, 11:53:18 AM
 #23934

I'll take 5TH for 1.25 Bitcoin
Sold!
LiteBit
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October 24, 2014, 11:55:54 AM
 #23935

There's only 1,000,000 units on havelock. Rest 4PH will mine for AM?

I think there is another big mistake.

Each share is worth 5 Gh/s, that is why there is only 1 000 000 shares available !

Hm the share price is clearly listed as ฿0.00125000.
So if each share is worth 5 GH/s, that's ฿0.25 per TH/s. That's not likely.

I think it's more likely that they're just selling the shares in batches. This would be the first batch of 1 million shares.

My guess is batches.  This is off of their Havelock details page:

Quote
The Fund is divided into 5 million (5,000,000) units each of which represents 1Gigahash per second.

Mabsark
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October 24, 2014, 12:01:22 PM
 #23936

but the old shares AM1, are automatically included in this project?
 Huh

Not, i wonder why people actually arent more outraged by this ...

Why would people be outraged? It's not like AM have given away 5 Ph/s to Havelock. Any profit from AMHash will obviously be included in AM's dividends just like profit from the sales of miners are. To suggest otherwise is simply ridiculous.
Blazed
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October 24, 2014, 12:10:05 PM
 #23937

It seems like the shares are selling at a decent pace. I just do not understand why people buy these mining contracts...there is no profit that can be made. My guess is that the shareholders will get some benefit to this...then again who knows how much is AM's versus how much is Rockminers. Now would be a good time for AM to make some sort of announcement.
rockxie
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October 24, 2014, 12:18:29 PM
 #23938

There's only 1,000,000 units on havelock. Rest 4PH will mine for AM?

There is 5 blocks for sales,each block is 1P,when a block is sold out,the next 1P will start automaticly.
rockxie
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October 24, 2014, 12:19:57 PM
 #23939

There's only 1,000,000 units on havelock. Rest 4PH will mine for AM?

I think there is another big mistake.

Each share is worth 5 Gh/s, that is why there is only 1 000 000 shares available !

Each share is worth 1Gh/s.
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October 24, 2014, 12:20:32 PM
 #23940

It seems like the shares are selling at a decent pace. I just do not understand why people buy these mining contracts...there is no profit that can be made. My guess is that the shareholders will get some benefit to this...then again who knows how much is AM's versus how much is Rockminers. Now would be a good time for AM to make some sort of announcement.

AM shareholders would benefit even if the miners belonged to Rockminer because they purchased the chips from AM.
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