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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3897301 times)
drasted
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January 10, 2015, 03:03:33 AM
 #24981

I think financials are pretty redundant at this point. I bet FC has invested pretty much every liquid penny into the deployment of gen 4. Would love a heads-up or an ETA on the progress on the final BE300 chip, by the way  Smiley

How are they redundant?

Prior to the BE200 release, the financials showed lots of purchased inventory.  Little cash.  Little bitcoin.
These financials are assumed to show lots of purchased inventory.  Little cash.  Little bitcoin.

I'm assuming that's what HarmonLi meant by it.

https://docs.google.com/spreadsheets/d/12wJMe3A6Ie8ris86m2OJ_1vucurdcVtM3fDkNCjKIRI/htmlview?usp=sharing&sle=true

But if we get the financials we won't need to assume. It's important for investors to know the position the company is currently in.
I really don't see how it could be redundant
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January 10, 2015, 04:20:00 AM
 #24982

I think financials are pretty redundant at this point. I bet FC has invested pretty much every liquid penny into the deployment of gen 4. Would love a heads-up or an ETA on the progress on the final BE300 chip, by the way  Smiley

How are they redundant?

Prior to the BE200 release, the financials showed lots of purchased inventory.  Little cash.  Little bitcoin.
These financials are assumed to show lots of purchased inventory.  Little cash.  Little bitcoin.

I'm assuming that's what HarmonLi meant by it.

https://docs.google.com/spreadsheets/d/12wJMe3A6Ie8ris86m2OJ_1vucurdcVtM3fDkNCjKIRI/htmlview?usp=sharing&sle=true

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 Grin
 
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January 10, 2015, 10:02:43 AM
 #24983

The market moves on little to no information, suggesting inside moves from Bitfountain. This security has done nothing for the public shareholder for over a year but still the share price fluctuates. Someone, if aware, is making a killing shorting the hell outta this stick in the mud.
It ain't me.
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January 10, 2015, 10:55:49 AM
 #24984



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 Grin
 

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.
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January 11, 2015, 02:55:52 PM
 #24985

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.

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January 11, 2015, 03:30:26 PM
 #24986

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.
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January 11, 2015, 03:59:11 PM
 #24987

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!

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January 11, 2015, 04:23:06 PM
 #24988

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!

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January 11, 2015, 04:39:00 PM
 #24989

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.
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January 12, 2015, 09:36:39 AM
 #24990

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. 
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January 13, 2015, 12:27:06 AM
 #24991

cex is a about to stop mining. Is this the plan of FC to drive out all competitors ?
jjdub7
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January 13, 2015, 01:47:31 AM
 #24992

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?!


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freedomno1
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January 13, 2015, 03:56:34 AM
 #24993

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.
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January 13, 2015, 09:16:15 PM
 #24994

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.

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January 13, 2015, 10:24:51 PM
 #24995

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.

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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January 13, 2015, 11:18:29 PM
 #24996

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?
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January 13, 2015, 11:41:31 PM
 #24997

....
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)

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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January 14, 2015, 12:20:30 AM
 #24998

....
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.
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January 14, 2015, 02:13:18 AM
 #24999

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?

 
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January 14, 2015, 02:44:20 AM
 #25000

....
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.
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