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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3898972 times)
Mabsark
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January 26, 2015, 03:05:47 PM
 #25121

You forgot a zero - 40 PH/s (AM valued at)

LOL, how did I manage to miss that! I even typed out 40,000,000 twice and deleted the commas.  Roll Eyes
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January 26, 2015, 05:31:05 PM
 #25122

Someone seems to be buying some more shares on Havelock. Not that many, but still makes me wonder whether someone knows something. But I guess that 100 shares bid wall is simply the bot, again...

Noticed the bot has put a sell wall around 0.13399 and buy wall at 0.1, which way will to go Smiley
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January 27, 2015, 12:35:18 PM
 #25123

Well it went towards .10. Probably another good buying opportunity.

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January 27, 2015, 02:01:25 PM
 #25124

AMHash went back up to 0.0011.

Might be a good time for AMHash4.
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January 28, 2015, 01:51:58 AM
 #25125

Q: We choose to share both the risks and the profits to investors willing to take them.

Hi friendcat,

At long last, your loyal early investors at the Carnth's MININGCO.ETF need to take their share of the profit.

Unfortunately we cannot do this until you transfer the shares to their new owner.

We are happy you are so busy with fame and fortune, but we have been waiting for 6 weeks.  Please do it now!

Thanks,

iCEBREAKER (on behalf of all MININGCO.ETF investors)

PS  If you could also transfer my personal shares to the new address I send via PM, that would also be appreciated.   Grin

I sent the Signed transfer for AM shares to firedcat back on Dec 8.
I haven't heard anything about AM since then.

I had a transfer out on Nov 21 that got done on Dec 22.
Another Oct 6 that got done on Nov 1.
And, another on Aug 13 that got done on Aug 22.

It looks like transfers happen once per month.
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January 28, 2015, 03:40:49 PM
 #25126

BitFury shutting down mine in Finland (Google Translate - this is one of Finland's biggest papers, supposedly):

KEMIÖNSAARI . This is the digital revolution strange.

Just three years ago Dalsbruk small urban industrial halls prepared glowing hot beams of steel wire. These landscapes of the metal industry has a long tradition: the first an iron blast furnace was born Dalsbruk already in 1686.

Steel is no longer glow Dalsbruk because FNsteel steel company went bankrupt. Halls is still warm, it is currently heat the air ukrainalaistaustaisen Bitfuryn manufactured by the company computers.

Dalsbruk utility is part of the Kemiönsaaren base, which has already been appointed, the capital of Finland bitcoin.

"At least we very much want to do Kemiö an island," the entrepreneur Sami Lappalainen says.

Bitcoin is an online peculiar means of payment, which is depending on the speaker either a large bubble, or the future of online currency. Bitcoin-money exists only in bits, and may be moved easily bittilompakosta network to another.

Entrepreneur Sami Lappalainen (right.) Has spread information about Bitcoin Kemiönsaaren companies. Dalsbruk in a restaurant Ports Iden owner Juhani Rautiainen considering bitcoin payments acceptance restaurant.
Despite the abundant publicity Bitcoin can be used only in a few places. Helsinki places are about fifteen.

Kimito island half a dozen companies to respond bitcoin payments. Kemiönsaari is reportedly the only place in Finland, where the virtual currency valid in normal grocery store.

Sami Lappalainen had to familiarize themselves with the virtual currency thoroughly in 2013. At the time he sold the bank Bitcoin.

To be precise, the owner changed the bank's former estate, and two-thirds of the amount paid for Bitcoin. The buyer was Niko Punin , another islander Kemiö bitcoin-active.

"I got friends say that I bought the bank Bitcoin," says Punin phone.

Lappalainen has spread information about Bitcoin local entrepreneurs' association. Small charges and special attention to the currency brought on by the local entrepreneurs have been interested.

"It is a real-time and easy system. It should not be any costs, such as card payments," says K-market retailer Tobias Eriksson .

"It is precisely the marketing," says the care sector entrepreneur Gunnevi Vesterlund Rehab Center.

General virtual currency does not Kemiö island not of it. Food trade, regular users have been more than a month during the dozen, and payments are made ​​according to Eriksson, maybe a thousand euros. The benefits, however, she is not sure that bitcoin is increasing.

The entrepreneur's point of view, the biggest risk rate. If the payment does not change immediately into euros, 100 euros worth of bitcoin payment it may be tomorrow, no longer worth the 90 euro.

There are other risks. If someone manages to vohkimaan virtual Bitcoin wallet, money is almost impossible to get back.

Dalsbruk steel rolling old halls became bitcoin-factory. Now bitcoin-server arrays are being progressively dismantled.
Risks in spite of bitcoin has started to creep towards the mainstream. One example is the Dalsbruk arrived Bitfury, which has received capital from investors $ 40 million.

Bitfury manufactures Bitcoin designed for computers that "extract" the virtual currency. The extraction of computers to ensure a reliable moving of Bitcoin wallet to another and will reward the efforts of new Bitcoin.

Bitcoin way Bitfuryllä is somewhat dubious reputation. The Wall Street Journal reported in the summer, that one of the founders of the company was previously included in the Ukrainian kind of file-sharing service, which ended up with the US authorities blacklisted.

Dalsbruk few people know what is happening inside the fences. Niko Punin is currently working in Spain Bitfuryn the service, but he is silent center.

Plans have been in any case, great. The estate had to be sold in the entire factory area server center. Electricity would have to run so much that the old factory electrical transformer might have had to replace a larger one.

The Purchase Plan has been blocked, and the center is run down. Together with the hall workers unload racks, and gray computers waiting for transport.

One reason for the downfall of is the fact that mining is no longer as profitable as in the past. Server technology is aging up to a few months and the value of the currency has fallen currencies in the peak-to-quarter.

The traditional industry has its benefits: metal manufacturing remained Dalsbruk three centuries, bitcoin factory only days of the year.


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HarmonLi
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January 28, 2015, 04:05:52 PM
 #25127

Interesting news, but I fear this will only cause a temporary stop for their mining operations. I think they'll find other places with low prices for electricity. I hope FC has found even better places with lots of cheap electricity by now!

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January 28, 2015, 04:17:01 PM
 #25128

Interesting news, but I fear this will only cause a temporary stop for their mining operations. I think they'll find other places with low prices for electricity. I hope FC has found even better places with lots of cheap electricity by now!

I agree, friedcat, please find even better sources of low-cost electricity where you can deploy a large-scale self-mining farm! You can self-mine and sell as much hashrate as possible in the form of cloud mining contracts (AMHASH-NextGen)

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January 28, 2015, 04:22:10 PM
 #25129

Quote
Electricity Prices Currently
Central grid:
MTN 68 per kWh (commercial and private)
Feed-in tariff for MHP: MTN 66 per kWh
Uliastai Energy Company:
Private Households: MTN 50 per kWh
Commercial: MTN 90 per kWh

https://energypedia.info/wiki/Mongolia_Energy_Situation

68.00 MNT   = 0.0351421 USD

http://www.xe.com/fr/currencyconverter/convert/?Amount=68&From=MNT&To=USD


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January 28, 2015, 04:26:42 PM
 #25130

Quote
Electricity Prices Currently
Central grid:
MTN 68 per kWh (commercial and private)
Feed-in tariff for MHP: MTN 66 per kWh
Uliastai Energy Company:
Private Households: MTN 50 per kWh
Commercial: MTN 90 per kWh

https://energypedia.info/wiki/Mongolia_Energy_Situation

68.00 MNT   = 0.0351421 USD

http://www.xe.com/fr/currencyconverter/convert/?Amount=68&From=MNT&To=USD



Friedcat's response to the Mongolian threat.
https://www.youtube.com/watch?v=afnJbdT4t5g
ensurance982
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January 28, 2015, 04:34:17 PM
 #25131

Friedcat's response to the Mongolian threat.
https://www.youtube.com/watch?v=afnJbdT4t5g

friedcat shouldn't be afraid of the low electricity prices in Mongolia, but rather use the chance to build large mining operations there! I wonder which limitations do exist that prevent mining companies to set up shop in those attractive (electricity cost wise) areas.

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January 28, 2015, 04:39:12 PM
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Friedcat's response to the Mongolian threat.
https://www.youtube.com/watch?v=afnJbdT4t5g

friedcat shouldn't be afraid of the low electricity prices in Mongolia, but rather use the chance to build large mining operations there! I wonder which limitations do exist that prevent mining companies to set up shop in those attractive (electricity cost wise) areas.

imho there is no real restrictions. Mongolia is building up. they want to attract businesses and develop their economy. it seems numerous partnerships have already emerged between them and china, or even russia, with pluri-cultural/national cities, innovation centers etc etc...
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January 28, 2015, 04:42:11 PM
 #25133

Friedcat's response to the Mongolian threat.
https://www.youtube.com/watch?v=afnJbdT4t5g

friedcat shouldn't be afraid of the low electricity prices in Mongolia, but rather use the chance to build large mining operations there! I wonder which limitations do exist that prevent mining companies to set up shop in those attractive (electricity cost wise) areas.

Avalon/Hashratio/others have already set up farms in Mongolia.
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January 28, 2015, 04:43:27 PM
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Friedcat's response to the Mongolian threat.
https://www.youtube.com/watch?v=afnJbdT4t5g

friedcat shouldn't be afraid of the low electricity prices in Mongolia, but rather use the chance to build large mining operations there! I wonder which limitations do exist that prevent mining companies to set up shop in those attractive (electricity cost wise) areas.

Avalon/Hashratio/others have already set up farms in Mongolia.

in fact we dont know where are located all AM's farms too, right?
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January 28, 2015, 04:47:22 PM
 #25135

Friedcat's response to the Mongolian threat.
https://www.youtube.com/watch?v=afnJbdT4t5g

friedcat shouldn't be afraid of the low electricity prices in Mongolia, but rather use the chance to build large mining operations there! I wonder which limitations do exist that prevent mining companies to set up shop in those attractive (electricity cost wise) areas.

Avalon/Hashratio/others have already set up farms in Mongolia.

in fact we dont know where are located all AM's farms too, right?

Yeah I guess we don't know that, but I believe they may still be located in China. The prices friedcat has stated aren't that low, actually and I believe he may have gotten those prices even in China. I hope he is aware of the prices in Mongolia!

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January 28, 2015, 04:57:54 PM
 #25136

Friedcat's response to the Mongolian threat.
https://www.youtube.com/watch?v=afnJbdT4t5g

friedcat shouldn't be afraid of the low electricity prices in Mongolia, but rather use the chance to build large mining operations there! I wonder which limitations do exist that prevent mining companies to set up shop in those attractive (electricity cost wise) areas.

Avalon/Hashratio/others have already set up farms in Mongolia.

in fact we dont know where are located all AM's farms too, right?

Yeah I guess we don't know that, but I believe they may still be located in China. The prices friedcat has stated aren't that low, actually and I believe he may have gotten those prices even in China. I hope he is aware of the prices in Mongolia!

I read in Wikipedia that electricity is free is Turkmenistan. So, that should be the preferred choice to set up a mining firm.

If you think India forum requires a moderator, please voice your opinion here - https://bitcointalk.org/index.php?topic=3125174.0
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January 28, 2015, 05:11:08 PM
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Friedcat's response to the Mongolian threat.
https://www.youtube.com/watch?v=afnJbdT4t5g

friedcat shouldn't be afraid of the low electricity prices in Mongolia, but rather use the chance to build large mining operations there! I wonder which limitations do exist that prevent mining companies to set up shop in those attractive (electricity cost wise) areas.

Avalon/Hashratio/others have already set up farms in Mongolia.

in fact we dont know where are located all AM's farms too, right?

Yeah I guess we don't know that, but I believe they may still be located in China. The prices friedcat has stated aren't that low, actually and I believe he may have gotten those prices even in China. I hope he is aware of the prices in Mongolia!

I read in Wikipedia that electricity is free is Turkmenistan. So, that should be the preferred choice to set up a mining firm.

You also have to factor in how easy or hard it is to actually start and maintain a mining operation in those countries. It could also prove difficult to gain access to the large quantities of energy needed to power a large mining operation.

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January 28, 2015, 05:15:34 PM
 #25138

Friedcat's response to the Mongolian threat.
https://www.youtube.com/watch?v=afnJbdT4t5g

friedcat shouldn't be afraid of the low electricity prices in Mongolia, but rather use the chance to build large mining operations there! I wonder which limitations do exist that prevent mining companies to set up shop in those attractive (electricity cost wise) areas.

Avalon/Hashratio/others have already set up farms in Mongolia.

in fact we dont know where are located all AM's farms too, right?

Yeah I guess we don't know that, but I believe they may still be located in China. The prices friedcat has stated aren't that low, actually and I believe he may have gotten those prices even in China. I hope he is aware of the prices in Mongolia!

I read in Wikipedia that electricity is free is Turkmenistan. So, that should be the preferred choice to set up a mining firm.

You also have to factor in how easy or hard it is to actually start and maintain a mining operation in those countries. It could also prove difficult to gain access to the large quantities of energy needed to power a large mining operation.

And the stability of the country.  If some government sees that this factory is 'creating money' at the rate of several million per month, they could easily seize the factory / mining equipment for themselves.
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January 28, 2015, 05:37:43 PM
 #25139

...
I read in Wikipedia that electricity is free is Turkmenistan. So, that should be the preferred choice to set up a mining firm.

Ohnoes, ur too late!

"Turkmen President Gurbanguly Berdymukhamedov said his government is planning to end the unlimited supply of free natural gas to citizens."

Seriously tho, "free to households" != "free to foreigners setting up mega mining farms to exploit unmetered electricity."
You'd probably be shot, or, since we're talking about a *stan, more likely hanged--bullets cost money.
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January 28, 2015, 09:19:10 PM
 #25140

i have an idea, it not ethical but its an idea nonetheless. it takes the onus off where the power is and focus more on where cheap labor is Smiley

Lets hire cheap labor, right not the cheapest labor in the world is $0.01/hr(source:http://en.wikipedia.org/wiki/List_of_minimum_wages_by_country)

When setting up a mine build a large room next door, and instal lots and lots of excercise bikes with these: http://www.econvergence.net/The-Pedal-A-Watt-Bicycle-Generator-Stand-s/1820.htm

I reckon even with all in costs the kwh will be cheaper than lowest kwh currently. Green power ftw Smiley

As a penance we should make notlambchop do the most shifts




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