ASICMINER: Entering the Future of ASIC Mining by Inventing It

[jdany]

From past statements, they have lots of cash on hand.  -  statement to the effect: we don't have to worry about selling BTC for $ for a long time  -   I would think that they also have lots of btc on hand by now as well, Mining since July with a goal of 30-40% network.  And of forcing the hands of the competition.  See them dropping like flies?  this should be good news.  The Prismas were a setback, but hopefully a learning experience not to be repeated.  I'm picturing an exahash of cutting edge equipment deployed this spring for our enrichment, just as the btc price explodes - filling our laps with glittering bitcoins.  Sound good?  I like it
 

When they made those statements, I'm pretty sure they were working off the OLD playbook.  They planned on retaining 33% to cashflow BE300 production and distributing 66% to shareholders. 

That never happened because the chips were way off spec.
Then, they bought a bunch of chips that didn't sell out.
And then, they produced a bunch of equipment that didn't sell out.
So, they ended up using their stock to start their own mining & cloud mining operations.

Any business plan that I've ever written:
Plan A is the most profitable and efficient use of all on-hand resources.
Plan B is a little worse, and a little worse.
Plan C sucks pretty hard, but isn't fatal.
Plan D I'm looking for a new vocation.

[Kipsy89]

Well, we have to wait for final BE300 chips, that's for sure. But everyone seems to be pretty content with the BE300s sample chips. The performance is spot-on. Back with BE200 people were disappointed with the power consumption. Now everyone likes the chips. Even the competiiton is like "yeah, they're good, alright".
Also, fc didn't want to solo-mine or self-mine anymore (a HUGE mistake!). I hope he deploys 150 PH/s in March. Boom.

[Blazed]

Well, we have to wait for final BE300 chips, that's for sure. But everyone seems to be pretty content with the BE300s sample chips. The performance is spot-on. Back with BE200 people were disappointed with the power consumption. Now everyone likes the chips. Even the competiiton is like "yeah, they're good, alright".
Also, fc didn't want to solo-mine or self-mine anymore (a HUGE mistake!). I hope he deploys 150 PH/s in March. Boom.

Well if the chips do end up being on spec let's hope they stick to selling chips and self mining. I really think they should avoid selling miners to the general public this time. It will be interesting to see if AM can make a competitive chip.

[HarmonLi]

Well, we have to wait for final BE300 chips, that's for sure. But everyone seems to be pretty content with the BE300s sample chips. The performance is spot-on. Back with BE200 people were disappointed with the power consumption. Now everyone likes the chips. Even the competiiton is like "yeah, they're good, alright".
Also, fc didn't want to solo-mine or self-mine anymore (a HUGE mistake!). I hope he deploys 150 PH/s in March. Boom.

Well if the chips do end up being on spec let's hope they stick to selling chips and self mining. I really think they should avoid selling miners to the general public this time. It will be interesting to see if AM can make a competitive chip.

Gotta agree to both of you, BUT: Sure they should sell as many chips as they can but please, in no case simply rely on selling chips - they need to self-mine and also sell cloud mining. The beauty of cloud-mining is that you can just build a large self-mining farm and then sell as much of that hash-rate as you can. Distribute the money you make as divs and/or reinvest!

[HarmonLi]

Over in the Prisma signature campaign thread people are apparently still waiting for their payment for December: https://bitcointalk.org/index.php?topic=739269.460. I know, a lot of signature campaigns don't pull through, but AM (which we all love) really shouldn't pull off such a stunt. I'm really disappointed in this. Friedcat really needs to know about this, guys!

[Chris_Sabian]

Well, we have to wait for final BE300 chips, that's for sure. But everyone seems to be pretty content with the BE300s sample chips. The performance is spot-on. Back with BE200 people were disappointed with the power consumption. Now everyone likes the chips. Even the competiiton is like "yeah, they're good, alright".
Also, fc didn't want to solo-mine or self-mine anymore (a HUGE mistake!). I hope he deploys 150 PH/s in March. Boom.

Well if the chips do end up being on spec let's hope they stick to selling chips and self mining. I really think they should avoid selling miners to the general public this time. It will be interesting to see if AM can make a competitive chip.

Gotta agree to both of you, BUT: Sure they should sell as many chips as they can but please, in no case simply rely on selling chips - they need to self-mine and also sell cloud mining. The beauty of cloud-mining is that you can just build a large self-mining farm and then sell as much of that hash-rate as you can. Distribute the money you make as divs and/or reinvest!

AMHash with their daily maintenance fee was still cheaper than buying a miner for China, shipping it to the USA, and then paying for power.  With AMHash I don't have to worry about uptime miner, internet outages, maintenance, bad chips, etc.  Though you do still have the trust AM that they will deliver  / stay in the miner scene.

[Phasebird]

Dear all,
We've checked and settled with the participants of ASICMiner signature advertisment campaign.
If any participant haven't got the payment, please turn to sunxiaoxiao or Phasebird. We will deal with it ASAP.
Thank you. 

[romerun]

cex is a about to stop mining. Is this the plan of FC to drive out all competitors ?

[jjdub7]

So...this price crash that's happening down to $253.11 on Stamp...this friedcat pulling a lil extra fiat capital or...

If so...lulz how many gen4's are they cranking out?!

[freedomno1]

So...this price crash that's happening down to $253.11 on Stamp...this friedcat pulling a lil extra fiat capital or...

If so...lulz how many gen4's are they cranking out?!

Well with the bitcoin price dropping an all cash strategy doesn't sound too bad unless they can get their costs down significantly or efficiency up production is still price sensitive.
Then again the time it takes to manufacture new miners and how long it would take till the next bunch of wafers makes that a bit risky as well.

[HarmonLi]

I don't know about you guys, but AMHASH mining still seems to be profitable, thus AM seems to be able to mine at a profit still. I take that as the one good thing this day has brought us.

[Dexter770221]

I don't know about you guys, but AMHASH mining still seems to be profitable, thus AM seems to be able to mine at a profit still. I take that as the one good thing this day has brought us.

And will be for some time, 0.05$/kWh (or maybe even lower) will be profitable even at 100$/BTC. And those Tubes that works for AMHASH mine are not so efficient as Gen4 hardware will be. AMHASHv2.0 with Gen4 hardware will be a success for sure.

[Chalkbot]

I don't know about you guys, but AMHASH mining still seems to be profitable, thus AM seems to be able to mine at a profit still. I take that as the one good thing this day has brought us.

And will be for some time, 0.05$/kWh (or maybe even lower) will be profitable even at 100$/BTC. And those Tubes that works for AMHASH mine are not so efficient as Gen4 hardware will be. AMHASHv2.0 with Gen4 hardware will be a success for sure.

Is $0.05/kWh from an official source? What do the numbers look like at, say, $0.13/kWh?

[Dexter770221]

....
Is $0.05/kWh from an official source? What do the numbers look like at, say, $0.13/kWh?

Electricity and maintenance fee of AMHASH is 1.551$/TH/day. AMHASH runs Tubes with efficiency ~1W/GH that means 1TH will eat up ~24kWh/day = 1.551/24 = 0.064$/hour. That's electricity and maintenance, so you can bet that electricity alone is 0.05$ or less.
At 0.13$/kWh electricity eats up all BTC from mining (at current diff and 230$/BTC price)

[Chalkbot]

....
Is $0.05/kWh from an official source? What do the numbers look like at, say, $0.13/kWh?

Electricity and maintenance fee of AMHASH is 1.551$/TH/day. AMHASH runs Tubes with efficiency ~1W/GH that means 1TH will eat up ~24kWh/day = 1.551/24 = 0.064$/hour. That's electricity and maintenance, so you can bet that electricity alone is 0.05$ or less.
At 0.13$/kWh electricity eats up all BTC from mining (at current diff and 230$/BTC price)

Thanks. That's good info. Where the hell is AMHASH getting electricity that cheap?

Also, you're right. If this is true, many of these miners that can't match that efficiency and/or low electricity cost are going to get forced out. If Gen 4 pans out and really is paid for already (as some have chosen to believe), there's little standing in the way of AM reclaiming large percentage of marketshare in 2015.

[Chris_Sabian]

With the dropping bitcoin price and difficulty pretty much stagnate since early November, let's hope the AM can deliver the already paid for gen 4 with massive self mining.

Also, how many other companies are going to begin research  / tape-out on a new ASIC when the dropping prices?

 

[Sine(X)]

....
Is $0.05/kWh from an official source? What do the numbers look like at, say, $0.13/kWh?

Electricity and maintenance fee of AMHASH is 1.551$/TH/day. AMHASH runs Tubes with efficiency ~1W/GH that means 1TH will eat up ~24kWh/day = 1.551/24 = 0.064$/hour. That's electricity and maintenance, so you can bet that electricity alone is 0.05$ or less.
At 0.13$/kWh electricity eats up all BTC from mining (at current diff and 230$/BTC price)

You are right, I believe in price even less then 0.04$/kwh. Is this electricity may be legal? Likely not.

[atomicchaos]

So you're saying a site paying .05 kwh would be profitable mining bitcoin on a large scale?

I just closed down a Scrypt mining operation in a space in the states running at .048 kw/h plus some taxes, that bring it closer to .06 kw/h. Had 400 amp 3 phase service too. :\

Hmm.

[Mabsark]

From the AMHash website:

Higher ROI

AMHash has a low cost on both initial price and maintenance fee.The maintenance is only $1.633 per day per TH,which equals to $0.07/kwh.

The fee has been lowered to $1.551/DAY/TH now though.

[freedomno1]

Hmm Rockminer Operations are halting so that is interesting to note

https://bitcointalk.org/index.php?topic=528464.400;topicseen

ROCKMINER shares buy back plan

Dear Shareholders,

Thank you for supporting ROCKMINER for so long term, in the past months,we designed, produced and sold thousands of miners.
RM can never be a recognized company in community, and running for so long without your investments and help.
I know you are disappointed with this situation, and feel angry about loss of money.However, as we know, BTC miners producers have suffered a long downturn term for BTC price going down in past year, lots of manufactories bankrupted as we know.
We did try our best to run the company, I still remember the first two and three months, we worked from day to night for the designing ,producing and selling, we were excited for first product R-BOX made out.Our team became a professional miners producer after months.
We were planned to save the remaining capitals for future producing investment, but after time passed and market situation changed, we don’t think we have the capacity of producing new miners in next months, because we don’t have chips and costs excluding chips still very high.
Whatever, we still feel very sorry about what ROCKMINER experienced ,and we plan to use 90%+ company capital to buy back all public shares to reduce investors loss.

Etc.

ROCKMINER will not quit  BTC industry, and will try our best to survive,such as lower salary, fire some employees.The best thing is finding some new investors, we don’t think there was someone who will do this,considering current market situation,

Sincerely,
ROCKMINER Team