Bitcoin Forum
April 23, 2019, 03:14:16 AM *
News: Latest Bitcoin Core release: 0.17.1 [Torrent]
 
   Home   Help Search Login Register More  

Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

Pages: « 1 ... 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 [142] 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 ... 1348 »
  Print  
Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3888287 times)
friedcat
Donator
Legendary
*
Offline Offline

Activity: 848
Merit: 1001



View Profile
April 03, 2013, 03:57:59 PM
 #2821

This week is our most spending-intensive one. We have paid for:

The premium of a full mask (75% of the total price)
The premium of 100 wafers (50% of the total price)
Most balance payment of the 50TH/s batch's components

We also reserved the coins for:

The premium of half-month electricity usage in the new place
The balance payment of assembly

There won't be more spending besides further wafer & device production and operating cost, which will be much less per week. The next projected big spending is the full mask of our next generation of chips, with the taping-out date undecided yet.



1555989256
Hero Member
*
Offline Offline

Posts: 1555989256

View Profile Personal Message (Offline)

Ignore
1555989256
Reply with quote  #2

1555989256
Report to moderator
1555989256
Hero Member
*
Offline Offline

Posts: 1555989256

View Profile Personal Message (Offline)

Ignore
1555989256
Reply with quote  #2

1555989256
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1555989256
Hero Member
*
Offline Offline

Posts: 1555989256

View Profile Personal Message (Offline)

Ignore
1555989256
Reply with quote  #2

1555989256
Report to moderator
SebastianJu
Legendary
*
Offline Offline

Activity: 2338
Merit: 1030


Legendary Escrow Service - Tip Jar in Profile


View Profile WWW
April 03, 2013, 04:00:02 PM
 #2822

Ui... didnt think the 200TH-Order will cost so much. But ok, investment is most important if this will keep going. Is the order now completely paid or will next week be lower again friedcat?

Please ALWAYS contact me through bitcointalk pm before sending someone coins.
friedcat
Donator
Legendary
*
Offline Offline

Activity: 848
Merit: 1001



View Profile
April 03, 2013, 04:15:48 PM
 #2823

Ui... didnt think the 200TH-Order will cost so much. But ok, investment is most important if this will keep going. Is the order now completely paid or will next week be lower again friedcat?
The order of wafers and devices are not so much. What costs the largest part of money is the NRE of a full-mask set. We chose to do MLM from the start to reduce the NRE cost and hence the total money we need to raise during IPO, but the much higher margin cost and the refusal of the fab to produce any more with the MLM set resulted in the decision to do the full-mask. Because after it's done. The cost of each wafer will reduce by ~33% and the quantity limitation from the fab will be removed.

The next week will be a little lower because we still have some balance payments undone yet, but the largest cost will only be the electricity.

phr33
Full Member
***
Offline Offline

Activity: 225
Merit: 100


View Profile
April 03, 2013, 05:08:13 PM
 #2824

Thanks for the update!

Could you give a rough number what the dividant this week would be if the unusual costs were removed?

My BTC input: 1GAtPwoTGPQ35y9QugJueum5GzaEzLYjiQ
My GPG ID: B0CCFD4A
ineededausername
Hero Member
*****
Offline Offline

Activity: 784
Merit: 1000


bitcoin hundred-aire


View Profile
April 03, 2013, 05:11:16 PM
 #2825

Thanks for the update!

Could you give a rough number what the dividant this week would be if the unusual costs were removed?


I believe it would be something like .0055 per share.

(BFL)^2 < 0
SmiGueL
Sr. Member
****
Offline Offline

Activity: 319
Merit: 250



View Profile
April 03, 2013, 05:39:45 PM
 #2826

The mined BTC/share are  about 0.008 according to my calculations.
But the manhours/electricity/rent etc. has to be subtracted from this.

(Mean hashrate of 6.25 TH/s, total hashrate of 47.93 TH/s makes a total of 3286 BTC in 7 days)

Asicminer Hashrate Charts @ www.asicminercharts.com

Donations BTC: 1SmiGSGWXzD5aZhmw3jyfpBFCgiki45MT
VeeMiner
Hero Member
*****
Offline Offline

Activity: 751
Merit: 500


bitcoin hodler


View Profile
April 03, 2013, 08:31:51 PM
 #2827

Ui... didnt think the 200TH-Order will cost so much. But ok, investment is most important if this will keep going. Is the order now completely paid or will next week be lower again friedcat?
The order of wafers and devices are not so much. What costs the largest part of money is the NRE of a full-mask set. We chose to do MLM from the start to reduce the NRE cost and hence the total money we need to raise during IPO, but the much higher margin cost and the refusal of the fab to produce any more with the MLM set resulted in the decision to do the full-mask. Because after it's done. The cost of each wafer will reduce by ~33% and the quantity limitation from the fab will be removed.

The next week will be a little lower because we still have some balance payments undone yet, but the largest cost will only be the electricity.

thanks for the information, at least we know the money from BTC is going towards more value in the future and is invested reasonably...
ldrgn
Member
**
Offline Offline

Activity: 118
Merit: 10


View Profile
April 04, 2013, 03:35:22 AM
 #2828

But it seems like it could be a lot of hassle for management to go through the process of selling/shipping all that hardware, setting up a website to collect payment etc.

Remember you're comparing the high fixed cost of opening a freakin' datacenter with the comparatively low costs of shipping and selling merchandise online.  There are probably other businesses (Amazon? idk) commoditizing the shipping and selling part.  Having ASICMiner do their own mining was always a shitty idea.  This (having to build their own datacenter) is just the latest fallout of a bad business model.
lophie
Hero Member
*****
Offline Offline

Activity: 924
Merit: 1000

Unlimited Free Crypto


View Profile
April 04, 2013, 03:43:07 AM
 #2829

But it seems like it could be a lot of hassle for management to go through the process of selling/shipping all that hardware, setting up a website to collect payment etc.

Remember you're comparing the high fixed cost of opening a freakin' datacenter with the comparatively low costs of shipping and selling merchandise online.  There are probably other businesses (Amazon? idk) commoditizing the shipping and selling part.  Having ASICMiner do their own mining was always a shitty idea.  This (having to build their own datacenter) is just the latest fallout of a bad business model.

 Grin yes yes, Go ahead my friend... sell your overvalued shares...... we would be buying the loss.

Jokes aside, Did you consider that the data center could be used for other purposes later on? I know there are points in favor of selling hardware but mining with the hardware also has its merits. Anyway I lost my chance to get 5k shares at IPO so I guess I shouldn't be sticking my nose where it doesn't belong -_-!

Will take me a while to climb up again, But where is a will, there is a way...
kano
Legendary
*
Offline Offline

Activity: 2786
Merit: 1151


Linux since 1997 RedHat 4


View Profile
April 04, 2013, 08:13:02 AM
 #2830

But it seems like it could be a lot of hassle for management to go through the process of selling/shipping all that hardware, setting up a website to collect payment etc.

Remember you're comparing the high fixed cost of opening a freakin' datacenter with the comparatively low costs of shipping and selling merchandise online.  There are probably other businesses (Amazon? idk) commoditizing the shipping and selling part.  Having ASICMiner do their own mining was always a shitty idea.  This (having to build their own datacenter) is just the latest fallout of a bad business model.
The of course there is merchandise support that some people seem to think doesn't exist ...

Pool: https://kano.is Here on Bitcointalk: Forum BTC: 1KanoPb8cKYqNrswjaA8cRDk4FAS9eDMLU
Discord support invite at https://kano.is/ Majority developer of the ckpool code
Help keep Bitcoin secure by mining on pools with full block verification on all blocks - and NO empty blocks!
DutchBrat
Hero Member
*****
Offline Offline

Activity: 868
Merit: 1000


View Profile
April 04, 2013, 09:09:55 AM
 #2831

The of course there is merchandise support that some people seem to think doesn't exist ...

That's why we have you ! Make our ASICs hash faster, NOW !  Wink
kano
Legendary
*
Offline Offline

Activity: 2786
Merit: 1151


Linux since 1997 RedHat 4


View Profile
April 04, 2013, 09:17:53 AM
 #2832

The of course there is merchandise support that some people seem to think doesn't exist ...

That's why we have you ! Make our ASICs hash faster, NOW !  Wink
ASICMINER hasn't sent them yet - so I can't.

Pool: https://kano.is Here on Bitcointalk: Forum BTC: 1KanoPb8cKYqNrswjaA8cRDk4FAS9eDMLU
Discord support invite at https://kano.is/ Majority developer of the ckpool code
Help keep Bitcoin secure by mining on pools with full block verification on all blocks - and NO empty blocks!
friedcat
Donator
Legendary
*
Offline Offline

Activity: 848
Merit: 1001



View Profile
April 04, 2013, 04:08:08 PM
 #2833

Update

There won't be more spending besides further wafer & device production and operating cost, which will be much less per week. The next projected big spending is the full mask of our next generation of chips, with the taping-out date undecided yet.

Any update on auctions or sales of 1st generation chips?
If final decision is made, the auction will be for ready-to-use devices instead of chips. Having the advantage of inexpensive whole device manufacturing cost, selling only chips in a limited market (at least now) is not our option.

In our plan, the auction of limited sample boards will have one round per week, and last for a few weeks. After we have enough feedback and information we will do with more quantity and revised designs. But don't expect our products to spread towards everywhere at least in the next month, because most of our next batch will be used for ourselves.

The products are going to most likely be shipped from Hongkong. And what we accept is ordering instead of pre-ordering, which means that when we decide to sell, we ship it. Hopefully this makes our products be valued higher by the market.

creativex
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250



View Profile
April 04, 2013, 04:10:49 PM
 #2834

Update

There won't be more spending besides further wafer & device production and operating cost, which will be much less per week. The next projected big spending is the full mask of our next generation of chips, with the taping-out date undecided yet.

Any update on auctions or sales of 1st generation chips?
If final decision is made, the auction will be for ready-to-use devices instead of chips. Having the advantage of inexpensive whole device manufacturing cost, selling only chips in a limited market (at least now) is not our option.

In our plan, the auction of limited sample boards will have one round per week, and last for a few weeks. After we have enough feedback and information we will do with more quantity and revised designs. But don't expect our products to spread towards everywhere at least in the next month, because most of our next batch will be used for ourselves.

The products are going to most likely be shipped from Hongkong. And what we accept is ordering instead of pre-ordering, which means that when we decide to sell, we ship it. Hopefully this makes our products be valued higher by the market.

Awesome news indeed. Thanks friedcat, keep up the great work!

mattjenkins
Newbie
*
Offline Offline

Activity: 10
Merit: 0


View Profile
April 04, 2013, 04:52:51 PM
 #2835

I see that the dividend for the PT on BTC Trading was posted yesterday.

Any word on when the BitFunder shareholders can expect their dividend?
DeaDTerra
Donator
Legendary
*
Offline Offline

Activity: 1064
Merit: 1000



View Profile
April 04, 2013, 04:59:02 PM
 #2836

I see that the dividend for the PT on BTC Trading was posted yesterday.

Any word on when the BitFunder shareholders can expect their dividend?
In about 5 confirmations Smiley
//DeaDTerra
mattjenkins
Newbie
*
Offline Offline

Activity: 10
Merit: 0


View Profile
April 04, 2013, 05:05:42 PM
 #2837

Haha, thanks!

 Smiley
perseus
Newbie
*
Offline Offline

Activity: 32
Merit: 0


View Profile
April 04, 2013, 05:32:37 PM
 #2838

When is the 50 TH supposed to ramp up?
ineededausername
Hero Member
*****
Offline Offline

Activity: 784
Merit: 1000


bitcoin hundred-aire


View Profile
April 04, 2013, 05:36:21 PM
 #2839

When is the 50 TH supposed to ramp up?

Mid-April.

(BFL)^2 < 0
teek
Hero Member
*****
Offline Offline

Activity: 664
Merit: 500


ASICMINER Official Canadian Distributor


View Profile
April 04, 2013, 05:37:29 PM
 #2840

the price of asic's is going up!

https://products.butterflylabs.com/

Pages: « 1 ... 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 [142] 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 ... 1348 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!