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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3914052 times)
Chris_Sabian
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October 24, 2014, 02:52:38 PM
 #23981

@rockxie Could you please ask FC to give sign of life if not straight forward updates?! He has let AM shares crashed without blinking and now there is another IPO out of the blur?! Thats not professional. Thank you.


FC is busy for Prismas production and BE300 these days,He will update soon when he is a bit free I think. All of AM guys are working hard as possible as they can as I know. The profits are kept for Prismas and BE300, as we know,there are lots of BE200 that are waiting to be produced to mining devices,and this needs money.

AMHash project is absolutely a good news for AM shareholders.

Glad to hear that FC and AM / RM are working hard.  Hopefully there will be some kind of financial report soon.
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October 24, 2014, 02:54:31 PM
 #23982

@rockxie Could you please ask FC to give sign of life if not straight forward updates?! He has let AM shares crashed without blinking and now there is another IPO out of the blur?! Thats not professional. Thank you.


FC is busy for Prismas production and BE300 these days,He will update soon when he is a bit free I think. All of AM guys are working hard as possible as they can as I know. The profits are kept for Prismas and BE300, as we know,there are lots of BE200 that are waiting to be produced to mining devices,and this needs money.

AMHash project is absolutely a good news for AM shareholders.
Thanks for the quick update
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October 24, 2014, 02:54:55 PM
 #23983

@rockxie Could you please ask FC to give sign of life if not straight forward updates?! He has let AM shares crashed without blinking and now there is another IPO out of the blur?! Thats not professional. Thank you.


FC is busy for Prismas production and BE300 these days,He will update soon when he is a bit free I think. All of AM guys are working hard as possible as they can as I know. The profits are kept for Prismas and BE300, as we know,there are lots of BE200 that are waiting to be produced to mining devices,and this needs money.

AMHash project is absolutely a good news for AM shareholders.

Alright thank you man.

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October 24, 2014, 02:55:27 PM
 #23984

@rockxie

Are you still involved with AM and AM sales?  Or did you leave AM to focus 100% on Rockminer?
rockxie
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October 24, 2014, 03:18:24 PM
 #23985

@rockxie

Are you still involved with AM and AM sales?  Or did you leave AM to focus 100% on Rockminer?

Actually,I'm always have good relationship with AM,the reason I started RM was that AM was planning to be an ASIC chips company.But you know,things were not as good as we thought. RM now are going to cooperate with AM in many parts,such as marketing,sales,R&D...etc.More details will come out later.
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October 24, 2014, 03:23:35 PM
 #23986

Nope, thats not the problem. Im primarily an AM (and Fc) supporter. But the thing is, the share price of such ipo is just gonna tank because the divs will eventually fall back to none as the gear becomes obsolete (kinda deja vu dont you think?) And then what? New ipo?

I think you are misunderstanding AMHash. As an AM shareholder it makes no difference to you whether the divs and share price of AMHash tanks over time because AM won't be receiving divs from AMHash (if all the shares get sold), just like AM don't get any BTC from customers mining with Tubes and Prismas. What AM gets is the up front purchase cost of the miners or the costs of the shares in the case of AMHash.

So, people buy the AMHash shares now, AM gets that money now (only from the initial sale of a share) and the people who bought the AMHash shares get the BTC mined by their 1 Gh/s shares until they sell them.
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October 24, 2014, 03:28:33 PM
 #23987

@rockxie

Are you still involved with AM and AM sales?  Or did you leave AM to focus 100% on Rockminer?

Actually,I'm always have good relationship with AM,the reason I started RM was that AM was planning to be an ASIC chips company.But you know,things were not as good as we thought. RM now are going to cooperate with AM in many parts,such as marketing,sales,R&D...etc.More details will come out later.

Any chance you cooperate on the IR level?! ^^
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October 24, 2014, 03:30:36 PM
 #23988

Huh, always mesmerizing to see how a few words spoken by the right person can influence AM's price on Havelock... Wow!

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October 24, 2014, 03:39:47 PM
 #23989

Well, this is merely a co-founded cloud mining project and contract, he's selling. This is effectively just a product ASICMiner is selling to people who are interested. The regular AM1 shares own a part of the company, therefore they're de-facto entitled to the revenue of this project (which first flows into the company, dividends only consist of what FC decides to forward to the shareholders)

Actually, the dividend is not up to FC only, which is the theory one, and we make the daily payment , people will find the problem very quickly if there were.
We will release more infos of AMHash and let people trust us!!! Though FC didn't say too much, but he did a lots of things for ASICminer, no dividends not means they keep in their pocket, company need capital for reinvestment on chips and now products.

AMHash
ASICMINERROCKMINER ● Purchase from: AMHash (20Th/s min) ● Havelock (1Gh/s min)
Cloud-mining contracts: 0.0012 BTC per Gh ● Maintenance fee: $0.001551 per Gh per day ● Upto 6% Christmas Bonus

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October 24, 2014, 03:43:48 PM
 #23990

Update

Development
The 28nm BE300 engineering batch tapeout was in September 16 with TSMC.
The power efficiency is 0.225W/G to 0.343W/G ranging from core voltage of 0.55V
to 0.70V. The two main mistakes made in BE200 were dedicatedly addressed and
avoided in the whole design stage so we do not expect surprise in frequency and
power consumption in real products.

14nm/16nm projects are at pre-evaluation and pre-design stage. It has to be done
in 2015 but the starting time of placing orders depends on overall gain vs (NRE/R&D/risks).

Led by Block Erupter Prisma, a series of efforts to reduce component-wise
cost and system-wise power efficiency were made.

Production
As known by OEM producers, several large batches of BE200 had problems with
popping chips affecting whole boards due to the misoperation from the packaging
company. It hindered afterwards chip sales and delayed the starting time of
Tube/Prisma sales. Later supply of BE200 has no such problem and filtering process
on old BE200 is also underway.

Because of the non-open-source status of Prisma and high cost of all other designs, BE200
sales were stopped. Rest BE200 chips will likely be consumed by Prisma and succeeding revises.

The mass production time of BE300 in terms of chip-out date is February to March, 2015.

Operation
As sales were seriously hindered by unexpected yield issue of BE200, we had missed many
dates with financing the big mining farm of our own. It is still hopeful that all good BE200
will be turned to hashrate before too late and we have liquid profits again before BE300, but
from the big picture, the missing of target on BE200, the mis-judgment on OEMs and later
yield/financing problem, limited our expansion and profit in this year. But luckily R&D on later
products is not much affected.

AM will continue to develop new products, expand its mining farms, deliver machines to miners,
as well as make money for shareholders.

There is no any foreseeable plan from AM side on force buy-back, dumping, or any
activities on the open stock market. There is no plan of privatization either. The management,
R&D, sales as well as marketing is being more and more separated and dedicated to professionals,
but the founders will continue to be heavily involved and drive AM in the more and more competitive
market. Scenarios of BE100 vs graphics card may never happen again, but we need catch
any opportunity on timing window of leads at either technology or deploying/financing resources
to win the last battle when mining is still an under-capitalized game.

Chris_Sabian
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October 24, 2014, 03:46:35 PM
 #23991

Update

Development
The 28nm BE300 engineering batch tapeout was in September 16 with TSMC.
The power efficiency is 0.225W/G to 0.343W/G ranging from core voltage of 0.55V
to 0.70V. The two main mistakes made in BE200 were dedicatedly addressed and
avoided in the whole design stage so we do not expect surprise in frequency and
power consumption in real products.

14nm/16nm projects are at pre-evaluation and pre-design stage. It has to be done
in 2015 but the starting time of placing orders depends on overall gain vs (NRE/R&D/risks).

Led by Block Erupter Prisma, a series of efforts to reduce component-wise
cost and system-wise power efficiency were made.

Production
As known by OEM producers, several large batches of BE200 had problems with
popping chips affecting whole boards due to the misoperation from the packaging
company. It hindered afterwards chip sales and delayed the starting time of
Tube/Prisma sales. Later supply of BE200 has no such problem and filtering process
on old BE200 is also underway.

Because of the non-open-source status of Prisma and high cost of all other designs, BE200
sales were stopped. Rest BE200 chips will likely be consumed by Prisma and succeeding revises.

The mass production time of BE300 in terms of chip-out date is February to March, 2015.

Operation
As sales were seriously hindered by unexpected yield issue of BE200, we had missed many
dates with financing the big mining farm of our own. It is still hopeful that all good BE200
will be turned to hashrate before too late and we have liquid profits again before BE300, but
from the big picture, the missing of target on BE200, the mis-judgment on OEMs and later
yield/financing problem, limited our expansion and profit in this year. But luckily R&D on later
products is not much affected.

AM will continue to develop new products, expand its mining farms, deliver machines to miners,
as well as make money for shareholders.

There is no any foreseeable plan from AM side on force buy-back, dumping, or any
activities on the open stock market. There is no plan of privatization either. The management,
R&D, sales as well as marketing is being more and more separated and dedicated to professionals,
but the founders will continue to be heavily involved and drive AM in the more and more competitive
market. Scenarios of BE100 vs graphics card may never happen again, but we need catch
any opportunity on timing window of leads at either technology or deploying/financing resources
to win the last battle when mining is still an under-capitalized game.


Excellent to hear!

Thank you for the update!   Smiley
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October 24, 2014, 03:50:25 PM
 #23992

You took that as good news  Huh
Chris_Sabian
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October 24, 2014, 03:51:11 PM
 #23993

You took that as good news  Huh

Well, it is an update after all
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October 24, 2014, 03:53:18 PM
 #23994

It looks like good news, at least AM isn't declaring bankruptcy like some other mining companies.
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October 24, 2014, 03:57:14 PM
 #23995

Fried Cat

Please comment on when share holders can expect dividends and what the companies current financials are. It sounds bad. We might not get dividends until after new chips deploy in 2015 and again that's a maybe.

Please also comment on whether you or other owners are taking a salary from operations or if your only return is from dividends?

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FUR11
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October 24, 2014, 04:04:02 PM
 #23996

Development
The 28nm BE300 engineering batch tapeout was in September 16 with TSMC.
The power efficiency is 0.225W/G to 0.343W/G ranging from core voltage of 0.55V
to 0.70V.

Huh, interesting: Initially the low-power-mode of gen 3 (BE200) was supposed to be <0.2W/GHs, now the planned efficiency is only 0.225W/GHs with the BE300s... How come?
When will the first physical chips be tested, when will we get to know if the power consumption is fine?

Thanks a lot for the update, friedcat!

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October 24, 2014, 04:04:17 PM
 #23997

and havelock crashes.

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October 24, 2014, 04:07:34 PM
 #23998

Sorry folks,

FC talks and we crash  Huh

Working to bring it back up...

Chris_Sabian
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October 24, 2014, 04:07:48 PM
 #23999

and havelock crashes.

Of course.  That happens alot though unfortunately.  I just hope that they don't pull a MtGox
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October 24, 2014, 04:10:31 PM
 #24000

Sorry folks,

FC talks and we crash  Huh

Working to bring it back up...

Lmfao Cheesy
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