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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3914038 times)
stompysteve
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December 18, 2014, 05:56:15 AM
 #24801

Interesting sale over at Bitmain:  https://www.bitmaintech.com/productDetail.htm?pid=000201412171033028658LE40FU705ED

Although it would appear that AMHash is cheaper....
plus you have to pay for the electricity/hosting area once you have them

Well you own the gear, and mine whatever pool you want. You can sell miners off / mine alts / lease it out etc... pretty different than this.
anyone want to do the math on what a GH would cost and the electricity rate on each
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December 18, 2014, 03:29:28 PM
 #24802

AM's case when considered with respect to the share price is a bit 'special' because of failed gen2 and quasi failed gen3 - successful gen4, depending on timing and competition performance, could yield a nice return for those willing to risk their capital. I say risk capital because failed gen4 will be very harsh for todays buyers.

Not as harsh as for those who bought 12 months ago.
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December 18, 2014, 03:38:11 PM
 #24803

Interesting sale over at Bitmain:  https://www.bitmaintech.com/productDetail.htm?pid=000201412171033028658LE40FU705ED

Although it would appear that AMHash is cheaper....
plus you have to pay for the electricity/hosting area once you have them

Well you own the gear, and mine whatever pool you want. You can sell miners off / mine alts / lease it out etc... pretty different than this.

With the bitmain offer, you can mine on any pool you want (as long as it is Pool 1-3?). You can sell miners off, but there is $2000 per truck fee, plus logistics.  Only 90 days parts/warranty is provided.  What happens beyond that?  Pay for smart hands (presumably not included in Electricity fee)? Your revenue is based on whatever your miners actually fine.

With AMHash, you can sell your mining contract off on the open market. No logistics issues. Revenue is calculated from hashrate and difficulty, so any availability problems are AMHash's not yours.

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December 19, 2014, 12:24:17 AM
 #24804

AM's case when considered with respect to the share price is a bit 'special' because of failed gen2 and quasi failed gen3 - successful gen4, depending on timing and competition performance, could yield a nice return for those willing to risk their capital. I say risk capital because failed gen4 will be very harsh for todays buyers.

Not as harsh as for those who bought 12 months ago.

A potential 100% downside is equally harsh to whatever principal you invest.  I sincerely hope that friedcat and company succeed with gen4, I really do.  Although friedcat seems to have changed significantly over the past year...he used to post updated excitedly on an almost daily basis.  

Granted, the company was booming then, but still...these days he talks about as much as an actual cat ever meows...either that or the company currently holds no BTC after orchestrating the price burn of the past months (and with all this secrecy for literally months on end now...have updated Q3 financials been released to the public yet...?)

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gogxmagog
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December 19, 2014, 04:09:16 AM
 #24805

True.
Whatever BF's offer or how it pans out for its investors...we will see. BUT for absolutely sure they will market it better than anything AM has attempted and probably have no problem selling it out fast.

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December 19, 2014, 04:23:00 AM
 #24806

Interesting sale over at Bitmain:  https://www.bitmaintech.com/productDetail.htm?pid=000201412171033028658LE40FU705ED

Although it would appear that AMHash is cheaper....
plus you have to pay for the electricity/hosting area once you have them

Well you own the gear, and mine whatever pool you want. You can sell miners off / mine alts / lease it out etc... pretty different than this.

With the bitmain offer, you can mine on any pool you want (as long as it is Pool 1-3?). You can sell miners off, but there is $2000 per truck fee, plus logistics.  Only 90 days parts/warranty is provided.  What happens beyond that?  Pay for smart hands (presumably not included in Electricity fee)? Your revenue is based on whatever your miners actually fine.

With AMHash, you can sell your mining contract off on the open market. No logistics issues. Revenue is calculated from hashrate and difficulty, so any availability problems are AMHash's not yours.


The truck fee appears to discourage people from selling the miners piecemeal and will encourage whoever buys the lot of antminers to sell in bulk when they do eventually sell.

There is also a greater chance that people will lose confidence in amhash, causing no resale market for shares then people not wanting to buy equipment of similar performance/efficiency when they would own the physical machines

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December 19, 2014, 06:10:52 AM
 #24807

It's funny now to consider the recent difficulty changes. If you asked in Oct what would be your ROI on arbitrary device, you would receive links to calculators with +50 % increase per month, ultimately going to negative ROI with any configuration available at that time. 3 months later it seems that the overall 3 month difficulty increase would be something like +10% to +15%, making almost every new device positive ROI, except for exploding devices Grin Same for cloud hashing services. This world of Bitcoin is just as unpredictable as it was a year ago.
stompysteve
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December 19, 2014, 06:15:08 AM
 #24808

It's funny now to consider the recent difficulty changes. If you asked in Oct what would be your ROI on arbitrary device, you would receive links to calculators with +50 % increase per month, ultimately going to negative ROI with any configuration available at that time. 3 months later it seems that the overall 3 month difficulty increase would be something like +10% to +15%, making almost every new device positive ROI, except for exploding devices Grin Same for cloud hashing services. This world of Bitcoin is just as unpredictable as it was a year ago.
the price has definitely been putting pressure on people(cough bitmain sale)
3rd dif drop in a row incoming?
explorer
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December 19, 2014, 06:32:43 AM
 #24809

It's funny now to consider the recent difficulty changes. If you asked in Oct what would be your ROI on arbitrary device, you would receive links to calculators with +50 % increase per month, ultimately going to negative ROI with any configuration available at that time. 3 months later it seems that the overall 3 month difficulty increase would be something like +10% to +15%, making almost every new device positive ROI, except for exploding devices Grin Same for cloud hashing services. This world of Bitcoin is just as unpredictable as it was a year ago.
the price has definitely been putting pressure on people(cough bitmain sale)
3rd dif drop in a row incoming?

Block: 334912
30 minutes 35 seconds ago

Difficulty: 3.95e+10
Target: 282.45 Phash/s
Current: 216.78 Phash/s
Retarget in 1759 blocks (~16 days)  * ~50 hours since last difficulty change

Yep.  Thus far it indicates another drop is likely, failing significant redeployment of hash power.
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December 19, 2014, 08:12:15 AM
 #24810

Gen 4 can't come soon enough. Friedcat if your out there? get a top notch business exec a decent publicity team going at 110& and a spanking new website.  

Sell and Mine like a crazy man.
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December 20, 2014, 08:47:14 AM
 #24811

Sadly, this doesn't matter anymore.  When BitFury releases it's IPO price in the next 6months after their upcoming gen release, it will and should absolutely shatter the AM share price (creating a similar effect to what's in play RE: IBM vs. AMD $ share price).  There will be a David vs. Goliath scenario in these chip mfg sectors - just...please don't envision your sight of David's size if you've never had to really compete with Goliath on the open market...the over-estimation of the equity's future value without a key growth plan would make you vomit make you vomit if you could see the writing now on the wall with BitFury press + the recent Microsoft announcement...

This is a prime scenario that explains where a company could completely burn it's goodwill ledger.  One poor end user, home-based product generation has eliminated a whole sector's worth of market-reciprocal investors.  This type of equity-present-value loss could only really be recovered at this granite-shill inflated price right now.  Looks like a few board members see the cancer in their portfolios at a stage 3, when they expected notification at the onset of stage 1.

Literally terrifying to think about.  That being said,AM's cash reserves are fucking enormous.  If you haven't been personally monitoring the associated addresses on a 2-3 day basis, you're missing it completely.  Just remember that compared to BitFury, any dividends paid are not reinvested capital.  And those funds are some dank, sad, stagnant couplings of bullion-esque data.

AND AMHASH is the realistic mining/"transaction processing - fuck you, BitFury" solution that the sector desperately needed...so don't ignore it completely - there's potential in AM still to come, just nowhere near when you think it will arrive.

BitFury has become a well run business. It has emerged as the only company that went from "amateur hour" to professional business. Look at the C-Level team; look at their Board; look at their investors! the new chip coming out any time will be game changer and thats on 28 nm (!!!) Can you imagine what they ll do on 16 Huh GAME OVER.. Question how do others keep BitFury contain so there is no great deal of centralization ?
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December 20, 2014, 09:25:20 AM
 #24812

Block: 334912
30 minutes 35 seconds ago

Difficulty: 3.95e+10
Target: 282.45 Phash/s
Current: 216.78 Phash/s
Retarget in 1759 blocks (~16 days)  * ~50 hours since last difficulty change

Yep.  Thus far it indicates another drop is likely, failing significant redeployment of hash power.


There seems to be > 50PH  mining paycoin. Explorer even shows 140PH right now, but it fluctuates wildly due to the insanely short blocktime, and Im not sure what the average is. But its substantial. Paycoin POW period and therefore mining is gonna end tonight, expect bitcoin hashrate to rise sharply again.  
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December 20, 2014, 01:27:05 PM
 #24813

Can someone ELI5 this paycoin business? Why is this altcoin suddenly so interesting, and why is more that 50PH directed to the paycoin network?
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December 20, 2014, 01:38:00 PM
 #24814

Can someone ELI5 this paycoin business? Why is this altcoin suddenly so interesting, and why is more that 50PH directed to the paycoin network?

I also wonder why? Huh
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December 20, 2014, 02:55:39 PM
 #24815

Can someone ELI5 this paycoin business? Why is this altcoin suddenly so interesting, and why is more that 50PH directed to the paycoin network?

I also wonder why? Huh

 Speculative frenzy.


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SIDEHACK
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December 20, 2014, 03:25:59 PM
 #24816

Can someone ELI5 this paycoin business? Why is this altcoin suddenly so interesting, and why is more that 50PH directed to the paycoin network?

I also wonder why? Huh

 Speculative frenzy.

Read this post by eightcylinders before you touch anything related to GAW:
https://bitcointalk.org/index.php?topic=857670.msg9868670#msg9868670
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December 20, 2014, 03:55:17 PM
 #24817

BitFury has become a well run business. It has emerged as the only company that went from "amateur hour" to professional business. Look at the C-Level team; look at their Board; look at their investors! the new chip coming out any time will be game changer and thats on 28 nm (!!!) Can you imagine what they ll do on 16 Huh GAME OVER.. Question how do others keep BitFury contain so there is no great deal of centralization ?

Bitfury are hoping for 0.2 J/Gh for their next gen ASICs, AM already have 0.2 J/Gh ASIC samples and are expecting mass production to begin in February. Do you have a source for when Bitfury's next gen ASICs be will available? I've heard nothing about that. At the moment though, BitFury are a joke. Look at their new cloudmining offering - Bit-x:



Compare that to AMHash's last dividend of 0.00000788 BTC.
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December 20, 2014, 04:21:15 PM
 #24818

To say Bitfury is a joke is just plain stupid. They are a major player in the mining space...come on. They do not need to be competitive like AM does. They self mine and seem to be moving into different areas rather than just mining. How much in investment money have they taken in to date? If they wanted to compete they could...very easily.
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December 20, 2014, 04:44:13 PM
 #24819

BitFury has become a well run business. It has emerged as the only company that went from "amateur hour" to professional business. Look at the C-Level team; look at their Board; look at their investors! the new chip coming out any time will be game changer and thats on 28 nm (!!!) Can you imagine what they ll do on 16 Huh GAME OVER.. Question how do others keep BitFury contain so there is no great deal of centralization ?

Bitfury are hoping for 0.2 J/Gh for their next gen ASICs, AM already have 0.2 J/Gh ASIC samples and are expecting mass production to begin in February. Do you have a source for when Bitfury's next gen ASICs be will available? I've heard nothing about that. At the moment though, BitFury are a joke. Look at their new cloudmining offering - Bit-x:


Compare that to AMHash's last dividend of 0.00000788 BTC.

Bitfury is MASSIVE, they went the private route but have been excellently successful. Thier first-gen design was terrific, and they very quickly (with gen1 chips) discovered the benefits of running 15(?) chips in series on a 12V capacitated source, eliminating all the efficiency looses of a DC/DC regulator component. They then redesigned a 2nd-gen 55nm chip that was about 15% more powerful at the same power draw, to achieve better that 1w/Gh. They deployed over 50MW/50PH of hashrate already, in larger private entities.

Their next chip can easily achieve 0.2-0.3w/GH is moving to the 28nm node realises the potential 4x efficiency gains, if not more if they further develop the chip.

24" PCI-E cables with 16AWG wires and stripped ends - great for server PSU mods, best prices https://bitcointalk.org/index.php?topic=563461
No longer a wannabe - now an ASIC owner!
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December 20, 2014, 05:08:29 PM
 #24820

To say Bitfury is a joke is just plain stupid. They are a major player in the mining space...come on.

I know they're a major player. That does nothing to change the fact that their new cloud mining offering is complete garbage. Why even bother offering such a terrible service? I said in another thread, that I think they're just getting the platform working for their next gen ASICs, otherwise that service makes no sense.

Bitfury is MASSIVE, they went the private route but have been excellently successful. Thier first-gen design was terrific, and they very quickly (with gen1 chips) discovered the benefits of running 15(?) chips in series on a 12V capacitated source, eliminating all the efficiency looses of a DC/DC regulator component. They then redesigned a 2nd-gen 55nm chip that was about 15% more powerful at the same power draw, to achieve better that 1w/Gh. They deployed over 50MW/50PH of hashrate already, in larger private entities.

Their next chip can easily achieve 0.2-0.3w/GH is moving to the 28nm node realises the potential 4x efficiency gains, if not more if they further develop the chip.

Yes, I know all about BitFury. I'm not saying they're not a massively successful company. I'm just looking at the new cloud mining offering and laughing my arse off at how terrible it is. As for their new chips, I'm pretty sure they can achieve 0.2 J/Gh (if not better) but AM already have and we know when they're set to hit the shelves. Do you have any info for when BitFury's new miners will available for use?

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