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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3896855 times)
Mabsark
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February 03, 2015, 08:48:20 PM
 #25181

So KNC taped out 16nm. Will they beat AM to production?  They got $15M in funding so I'm guessing the batch they churn out is going to be massive.

You're not taking into account the cost of a 16nm mask. That's going to be considerably more expensive as are the wafers themselves. Look at KnC's 20nm offering, it was way overpriced and less efficient than some 28nm offerings. I reckon their 16nm offering will also be an overpriced stinker.

I'm more concerned about BitFury's and Spondoolies' next gen chips than KnC's.

Also, TSMC has been having problems with 16nm and its been delayed by 3-6 months.
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Dexter770221
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February 03, 2015, 09:22:22 PM
 #25182

I think bitfury have troubles too. They said that in Q4 2014 they will have ~0.2W/GH chip. Then why punin that works very close with bitfury closes farm (with low electricity rate and high capacity) instead fiil it with new 5 times efficient hardware?

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.
gogxmagog
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February 03, 2015, 09:45:27 PM
 #25183

i'm not an pro analyst by any means and i think mr fried cat already knows what's up
but, i'll throw this out there anyway.
Between bitfury and knc they both have funding upwards of 100 million, their own data centers, immersion cooling and are branching out into other territories.

With the halving coming up in a year, AsicMiner has no time to lose, or they will lose.
their capitalization is not by any means top any longer. doubt they have their own efficient data center.
my best advice is for friedcat to sell some of the bitfountain's equity ASAP and grow like crazy this year. this will be the make it or break it year. perhaps outside investors/advisers would be highly beneficial to him. wish him the best but he needs to take this shit extremely seriously since there literally is no room for error.

If AM would issue some divs for a few weeks, Bitfountain would get a TON more btc for their shares. just sayin~
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February 03, 2015, 09:56:13 PM
 #25184

i'm not an pro analyst by any means and i think mr fried cat already knows what's up
but, i'll throw this out there anyway.
Between bitfury and knc they both have funding upwards of 100 million, their own data centers, immersion cooling and are branching out into other territories.

With the halving coming up in a year, AsicMiner has no time to lose, or they will lose.
their capitalization is not by any means top any longer. doubt they have their own efficient data center.
my best advice is for friedcat to sell some of the bitfountain's equity ASAP and grow like crazy this year. this will be the make it or break it year. perhaps outside investors/advisers would be highly beneficial to him. wish him the best but he needs to take this shit extremely seriously since there literally is no room for error.

Something to consider there, the crypto hardware industry isn't only units to hash sha256, there's the alts, hardware wallets, atm's, lots of other areas and they're growing all the time. AM was the first to announce plans to produce immersive cooled hardware and they didn't get much of a market to themselves with it, personally I think the whole idea of IP and trade secrets is BS but if they're going to branch out into new markets they'd probably not say a whole lot about it beforehand this time around.

if only their last two gens wouldnt have failed.. its not about secrets, the technology is the same for everyone.

its about design and freakin time to market.
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February 04, 2015, 04:36:18 PM
 #25185


this all boils down to who gets their gear plugged in first, we wont know this until its happened. You can keep an eye on the hash rate charts though




arnuschky
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February 05, 2015, 09:44:04 AM
 #25186

I take a look into this thread once or twice a week as I still have a stake in AM.
Every time, I am amazed how much there is to talk about even though there
is absolutely nothing to talk about.  Wink
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February 05, 2015, 11:33:13 AM
 #25187

If the chips perform as expected and they replace the AMHash operation with gen 4 then they will have 20phs of cloud mining to sell or self mine with. That's without expanding capacity which they should be able to do. 20 phs might be about 6% of the network which over its useful life should probably mine close to 0.09 btc per share before electricity costs. Am will likely sell chips and also expand self mining r selling hashes through cloud mining. I'm thinking we will have dividends in excess of .25 btc per share this year after chips are deployed but I'm sure I'm missing something crucial. Hasn't stopped me from pick up more at a good price. Smiley

I would love for someone to tell me I'm wrong so I can just give up on AM and hold BTC for the long haul.

Disclaimer: I own AM shares.


The current block number is ~341,660 and the next halving takes place at block 480,000 (sometime in late summer / early fall 2016).  So there are ~138,000 blocks to go or about 3,500,000 bitcoins left.

In order to have 0.25 btc / share, AM with 400,000 share would need to mine 100,000 after hardware costs, electricity, maintenance, salary, rent, etc.  These costs are highly variable.  Lets say they are making 25% 'profit' (only AM knows this number, this may be way too high, but let's go with it for this calculation).  This means that AM needs to mine 400,000 bitcoins out of the next 3,500,000.  Put it another way, AM needs to have ~11% of network hashrate until the next halving (18 months or so).

This is just a quick calculation based on some highly variable numbers.  Is this possible?  I have no idea.  I just did a quick calculation based on your post.  



Would that calculation not be for AM to pay out .25 btc a share?
That is entirely different to being worth IMO, you have future worth to factor in.
If stocks can pay out even 25% interest they will probably shoot up in price, and be considered a great investment.
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February 05, 2015, 02:58:18 PM
 #25188

If the chips perform as expected and they replace the AMHash operation with gen 4 then they will have 20phs of cloud mining to sell or self mine with. That's without expanding capacity which they should be able to do. 20 phs might be about 6% of the network which over its useful life should probably mine close to 0.09 btc per share before electricity costs. Am will likely sell chips and also expand self mining r selling hashes through cloud mining. I'm thinking we will have dividends in excess of .25 btc per share this year after chips are deployed but I'm sure I'm missing something crucial. Hasn't stopped me from pick up more at a good price. Smiley

I would love for someone to tell me I'm wrong so I can just give up on AM and hold BTC for the long haul.

Disclaimer: I own AM shares.


The current block number is ~341,660 and the next halving takes place at block 480,000 (sometime in late summer / early fall 2016).  So there are ~138,000 blocks to go or about 3,500,000 bitcoins left.

In order to have 0.25 btc / share, AM with 400,000 share would need to mine 100,000 after hardware costs, electricity, maintenance, salary, rent, etc.  These costs are highly variable.  Lets say they are making 25% 'profit' (only AM knows this number, this may be way too high, but let's go with it for this calculation).  This means that AM needs to mine 400,000 bitcoins out of the next 3,500,000.  Put it another way, AM needs to have ~11% of network hashrate until the next halving (18 months or so).

This is just a quick calculation based on some highly variable numbers.  Is this possible?  I have no idea.  I just did a quick calculation based on your post.  



Would that calculation not be for AM to pay out .25 btc a share?
That is entirely different to being worth IMO, you have future worth to factor in.
If stocks can pay out even 25% interest they will probably shoot up in price, and be considered a great investment.


That just was a very quick calculation to determine what AM would have to achieve to pay dividends of 0.25  / share.  Again, there are many variables.

Actual worth on the market is an entirely different calculation / voodoo that I cannot even guess that.  If anyone tells you otherwise, then they are just guess themselves.
HarmonLi
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February 05, 2015, 09:16:02 PM
 #25189

Well I agree that it is very difficult to make any exact assumption about the future share price of profitability of AM. There are just too many unknown and unforeseeable factors (the BTC price being probably the biggest here). That being said, I think it's possible for AM to pay out at 0.1 BTC/share combined in the future, so a share price below 0.1 BTC seems really deflated, IMO.

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February 05, 2015, 09:59:18 PM
 #25190


this all boils down to who gets their gear plugged in first, we wont know this until its happened. You can keep an eye on the hash rate charts though

Yeah, I believe FC will address the testing or deployment of the BE300 chip before he deploys major hash rate, so I don't see AM influencing the total hash rate at this time, unfortunately. But if they do plan to launch a big time BE300 farm, we may see the hash rate rising beautifully!

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February 06, 2015, 09:48:52 PM
 #25191

my my: http://www.coindesk.com/video-vice-tours-bitcoin-mine-china/
spartan82
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February 06, 2015, 10:30:04 PM
 #25192


I jizzed in my pants.
TheRealSteve
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February 06, 2015, 11:16:55 PM
Last edit: February 06, 2015, 11:27:39 PM by TheRealSteve
 #25193

Neat.  The hardware shown on the shelves looks very similar to certain SilverFish Blades - i.e. same setup, same geometry, component placement and silkscreen, etc.  Proven design in their mine, I guess.
Edit: added link for reference and clarification

Dexter770221
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February 06, 2015, 11:29:18 PM
 #25194

It's an old video. Made over a year ago...

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.
gogxmagog
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February 07, 2015, 12:36:08 AM
 #25195

It's an old video. Made over a year ago...

It was published to motherboard's youtube channel today. Says they filmed it in october 2014.

It ain't AM or AMhash AFAIK
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February 07, 2015, 03:52:21 AM
 #25196


Pretty nice setup. My favorite part is when they get him to scream explain bitcoin mining right next to a bunch of whirring fans.

ASICPuppy.net ASIC Mining Hardware and Accessories - 2Pacs in stock!
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February 09, 2015, 02:44:40 PM
 #25197

People, AMHASH will pause their payouts for 2 weeks, due to the spring festival holidays. Do you think AM will also stop working on the BE300 chips, maybe getting the testing boards ready or selling off the PRISMA2 miners? I think this needs some clarification from FC. I really would love a heads-up on the progress and whether everything is still on track!

OgNasty
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February 09, 2015, 06:03:38 PM
 #25198

I'd love it if there was a maintained public list of shareholders.

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February 09, 2015, 07:22:21 PM
 #25199

I'd love it if there was a maintained public list of shareholders.

Easier to maintain if there was more than one dividend per year. 
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February 09, 2015, 07:25:06 PM
 #25200

I'd love it if there was a maintained public list of shareholders.

Easier to maintain if there was more than one dividend per year. 

Burn.
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