ASICMINER: Entering the Future of ASIC Mining by Inventing It

[RoadStress]

The funny thing about that discussion is that you don't need any special training to try to put some numbers down. Only elementary math is needed. You have 60PH to deploy and it costs you X$/GH. All you had to do is to just put a random number for X so you could get the total amount of money needed for that deploy. Afterwards you do it again increasing or decreasing the X value until you get to a satisfying total amount. After agreed about the total price we could discuss about the origins of those money.

AM do not have 60 Ph/s. That had 60 Ph/s months ago. Since then, they've sold ASIC, they've sold miners, and they've recently started mining contracts. They've also been building their mining farms since mid July and taped out the gen 4 ASIC in September. So, how many Ph/s remain to be sold and how much money do AM have? Oh, but it costs X$/Gh to deploy and all we have to do is put in random numbers until we get a price we're happy with? Simple! 

Go ahead then, pull some numbers out your arse which don't actually represent anything except your imagination and plug them into your equation. What the hell will that show?

I was trying to give you an example that you just can't answer "I don't know" and that anyone can speculate on this. Your refusal to discuss this topic back then can't be motivated by a simply "I don't know". I was pulling some numbers out of my arse back then when you refused a normal discussion. I said that at 0.5$/GH there are needed 30M$ for AM to sell their chip stock and I said that it is highly unlikely that they can do it. Instead of replying to me with arguments you chose to accuse me of trying to promote SP-Tech as always.

Right now I am not interested in that discussion anymore because it's obviously outdated and AM clearly missed their 4 months target to sell all the chips. When I said that it's near impossible you accused me of promoting other miners as usual.

Also by "been building their mining farms since mid July" you don't actually expect me or anyone else to think that it is a continuous work since then. They are either done or extremely slow in doing it and I will keep stating that since they aren't showing their hashrate then it's way too small to make a difference. It's not a fact since nobody has the true numbers, but it's an educated guess (I know that you are unable to do them). So your statement that AM has far more than 4PH/s hashing right now it's just a big big lie imo. Not for self-mining anyway. Contracts and other franchise are different, but the self mining is obviously way less than 4PH/s.

AM likely has far more than 4 PH/s hashing right now. They've been building their farm since mid July. That 5 Ph/s is just a small slice set aside for the specific purpose of selling mining contracts.

So 5PH/s is just a small slice. Ok...

[1714201203]

1714201203

[jjdub7]

Wow, we have the entire unholy trinity of RoadStress, NotLambChop, and Puppet in here today...methinks this might mean the 3 (or honestly, you might all be the same person) are trying to grab a few last shares at IPO before the financials and divs are released?

[chairforce1]

Wow

I'm bored and so is everyone else today.

[Mabsark]

Also by "been building their mining farms since mid July" you don't actually expect me or anyone else to think that it is a continuous work since then. They are either done or extremely slow in doing it and I will keep stating that since they aren't showing their hashrate then it's way too small to make a difference. It's not a fact since nobody has the true numbers, but it's an educated guess (I know that you are unable to do them). So your statement that AM has far more than 4PH/s hashing right now it's just a big big lie imo. Not for self-mining anyway. Contracts and other franchise are different, but the self mining is obviously way less than 4PH/s.

If you had far more hashing power than you could sell would you just leave it lying around doing nothing or would you put that hashing power to work?

[jjdub7]

Also by "been building their mining farms since mid July" you don't actually expect me or anyone else to think that it is a continuous work since then. They are either done or extremely slow in doing it and I will keep stating that since they aren't showing their hashrate then it's way too small to make a difference. It's not a fact since nobody has the true numbers, but it's an educated guess (I know that you are unable to do them). So your statement that AM has far more than 4PH/s hashing right now it's just a big big lie imo. Not for self-mining anyway. Contracts and other franchise are different, but the self mining is obviously way less than 4PH/s.

If you had far more hashing power than you could sell would you just leave it lying around doing nothing or would you put that hashing power to work?

Read OrganofCorti's blog on mining data.  And also, its been evident for a while that AM's been splitting their hashrate among pools...the BTCGuild hashing power at the old mining user profile is now AMHash, correct?

[jdany]

Is there any financial report by AM lately?

Someone mentioned end of October.
But, I can't recall if there was one promised.

[MichaelBliss]

Is there any financial report by AM lately?

Someone mentioned end of October.
But, I can't recall if there was one promised.

No, there have been very few promises in general lately. 

[webbrowser]

Read OrganofCorti's blog on mining data.  And also, its been evident for a while that AM's been splitting their hashrate among pools...the BTCGuild hashing power at the old mining user profile is now AMHash, correct?

If you are referring to the ~ 220 TH/s belonging to id 67117, why do you think it is now AMHash?

[MilkyLep]

Read OrganofCorti's blog on mining data.  And also, its been evident for a while that AM's been splitting their hashrate among pools...the BTCGuild hashing power at the old mining user profile is now AMHash, correct?

If you are referring to the ~ 220 TH/s belonging to id 67117, why do you think it is now AMHash?

Probably has something to do with this...

Update

1. Dividend payment has began , we paid first dividend minutes ago, customers can check your account.

The termination time of this dividend is block 327773
https://blockchain.info/block/00000000000000000ff8e1364232684550245dd6cc76d6d525829895e73ed875

2.Next dividend term will begin from block 327774

3. We updated our hashing in Ghash on amhash.com, and the proof of our Ghash account:
http://rockmonitor.sinaapp.com/hash2.swf

4.Our hashing in Btcguild will be updated very soon.The ID of our hashing in Btcguild is 67117 ,you can check it at https://www.btcguild.com/index.php?page=rankings

5.There are 3 payment addresses of our hashrate:
  1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24i
  1ERszMSERwHNR9Xty73KZXpsg1jjBXWcHh
  1K7AuMJwVfZg3UVjinnjT2HzG4pJvACat6

Thanks for your attention.

[Blazed]

My guess is they were slowly building up then offered AMHash1 once they hit a full 5PH. Even with AMHash1 having poor sales they should still be doing pretty good with 5PH hashing away. Of course this is all speculation, but it makes sense to me 

[MilkyLep]

My guess is they were slowly building up then offered AMHash1 once they hit a full 5PH. Even with AMHash1 having poor sales they should still be doing pretty good with 5PH hashing away. Of course this is all speculation, but it makes sense to me 

Once again letting a gleam of the overconfidence of the BE200 chips show while watching missed expectations follow.


I can't really see AM/RM waiting for them to hit a seemingly arbitrary amount of hashing power prior to listing/"promoting" the AMHash offer.

[arnuschky]

Is there any financial report by AM lately?

Someone mentioned end of October.
But, I can't recall if there was one promised.

No, there have been very few promises in general lately. 

Great times, if there are even few promises (not to speak about fulfillment of any promise...)

[FUR11]

Another big movement on Havelock! That 900+ order got filled. Do you think it was a 'real' trade or merely someone selling the shares to themselves? Anyways, Havelock will be happy about the trade, I guess...

[bobboooiie]

more than 1500 shares imported and dumped instantly into 1100 bids so 400 more

[Puppet]

Wow, we have the entire unholy trinity of RoadStress, NotLambChop, and Puppet in here today...methinks this might mean the 3 (or honestly, you might all be the same person) are trying to grab a few last shares at IPO before the financials and divs are released?

Lets see. During the IPO phase, AM had the potential to produce one of the, if not THE first asic and with a fairly minimal capex and opex, obtain a huge % of the network. We had a CEO that was communicative and a market situation where even missing the specs by nearly an order of magnitude could still result in a (very) profitable operation. Guess what, i invested only a token amount.

Fast forward to today, we have a highly competitive market with several major players, enormous capex and opex requirements, razor thin margins, next to no room for error in execution, CEO is hardly saying anything, we've not seen a financial statement for ages, its release appears to be pending the recruitment of a spindoctor, we see some large investors importing their shares to havelock and dumping them. And you honestly think I judge this situation to be more compelling than the IPO?

Nop.

[jdany]

AM people have nerves of steel.
They (we) can't be talked out of what we know this company is capable of becoming again.

[hdbuck]

for each seller, there is a buyer.

[elasticband]

where can i buy a prisma in the EU?

[Blazed]

where can i buy a prisma in the EU?

Not seen any Prisma group buys that were not USA based, but they have also been very delayed shipping wise. Once AM starts shipping them maybe you could find one or start one. Prisma sales has been pretty horrible so far to the customers...no responses etc...

[RoadStress]

Wow, we have the entire unholy trinity of RoadStress, NotLambChop, and Puppet in here today...methinks this might mean the 3 (or honestly, you might all be the same person) are trying to grab a few last shares at IPO before the financials and divs are released?

Yes we are the same person. Nailed it!

+1 to what Pupped posted above. It's a very nice summary to what happened to this company.