Bitcoin Forum
April 25, 2019, 03:32:36 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 ... 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] 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 ... 1348 »
  Print  
Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3888354 times)
arklan
Legendary
*
Offline Offline

Activity: 1680
Merit: 1002



View Profile
April 14, 2013, 11:45:01 AM
 #3201

As I see it - they (ASICMINER) should auction some 10-20 pieces of 21GH/s boards (packaged of course). And then calculate price of 300MH/s mini miner and just sell them.


加一  (+1)

sounds good to me. i can't see auctioning the little guys as single units as feasible.

man... they're gonna have us pounding their doors down for these things. they'll be able to sell thousands.
1556163156
Hero Member
*
Offline Offline

Posts: 1556163156

View Profile Personal Message (Offline)

Ignore
1556163156
Reply with quote  #2

1556163156
Report to moderator
1556163156
Hero Member
*
Offline Offline

Posts: 1556163156

View Profile Personal Message (Offline)

Ignore
1556163156
Reply with quote  #2

1556163156
Report to moderator
1556163156
Hero Member
*
Offline Offline

Posts: 1556163156

View Profile Personal Message (Offline)

Ignore
1556163156
Reply with quote  #2

1556163156
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1556163156
Hero Member
*
Offline Offline

Posts: 1556163156

View Profile Personal Message (Offline)

Ignore
1556163156
Reply with quote  #2

1556163156
Report to moderator
1556163156
Hero Member
*
Offline Offline

Posts: 1556163156

View Profile Personal Message (Offline)

Ignore
1556163156
Reply with quote  #2

1556163156
Report to moderator
1556163156
Hero Member
*
Offline Offline

Posts: 1556163156

View Profile Personal Message (Offline)

Ignore
1556163156
Reply with quote  #2

1556163156
Report to moderator
SebastianJu
Legendary
*
Offline Offline

Activity: 2338
Merit: 1030


Legendary Escrow Service - Tip Jar in Profile


View Profile WWW
April 14, 2013, 12:29:57 PM
 #3202

Does someone know whats the connector on the side opposite to the usb? Is it a supplemental power device or a usb for stacking these?

As I see it - they (ASICMINER) should auction some 10-20 pieces of 21GH/s boards (packaged of course). And then calculate price of 300MH/s mini miner and just sell them.


加一  (+1)

sounds good to me. i can't see auctioning the little guys as single units as feasible.

man... they're gonna have us pounding their doors down for these things. they'll be able to sell thousands.

I think only auctioning will bring out what price they could bring. Judging down from the big miners most probably will undervalue the small ones. If selling then only after a number of the small ones were auctioned to find out the price. The reason is that its quite possible that people even pay more for it than the miner will bring in back in form of earnings. Only to own such nice/cool miner.

Of course a buyer would think different, but im a shareholder... Wink

Please ALWAYS contact me through bitcointalk pm before sending someone coins.
aahzmundus
Hero Member
*****
Offline Offline

Activity: 644
Merit: 500


Invest & Earn: https://cloudthink.io


View Profile
April 14, 2013, 01:00:29 PM
 #3203

I am out of the GPU mining game... and have been for over a year.  (I should not have stopped... but i did).  What is the current cost of a card that can pull 300Mh/s?  I would imagine still over $100 USD or so right?  Considering these take up less space... and FAR less power...  and I imagine produce less heat... well then we could sell them for a fair bit.

JimiQ84
Sr. Member
****
Offline Offline

Activity: 406
Merit: 250


View Profile
April 14, 2013, 01:04:09 PM
 #3204

Does someone know whats the connector on the side opposite to the usb? Is it a supplemental power device or a usb for stacking these?

As I see it - they (ASICMINER) should auction some 10-20 pieces of 21GH/s boards (packaged of course). And then calculate price of 300MH/s mini miner and just sell them.


加一  (+1)

sounds good to me. i can't see auctioning the little guys as single units as feasible.

man... they're gonna have us pounding their doors down for these things. they'll be able to sell thousands.

I think only auctioning will bring out what price they could bring. Judging down from the big miners most probably will undervalue the small ones. If selling then only after a number of the small ones were auctioned to find out the price. The reason is that its quite possible that people even pay more for it than the miner will bring in back in form of earnings. Only to own such nice/cool miner.

Of course a buyer would think different, but im a shareholder... Wink

Auction costs time. It's better to sell 5 devices per day with profit margin 500% than one device per day with profit margin 1000%.
SebastianJu
Legendary
*
Offline Offline

Activity: 2338
Merit: 1030


Legendary Escrow Service - Tip Jar in Profile


View Profile WWW
April 14, 2013, 01:14:57 PM
 #3205

Auction costs time. It's better to sell 5 devices per day with profit margin 500% than one device per day with profit margin 1000%.

I only said that you should check out the prices with an auction. Maybe sell 5 small units in a week. Then you have 5 prices for it and you can make a price out of it. You can then offer 100 units for that price. Im sure they will sell. If not you can still go down in price.
But at the end you even can auction many units over some time. For example every day set up 5 units for auction with a ending of auction in 7 days or so. The next day again 5 miners and so on.

And i dont think that its better to churn out as many units as possible for a lower price because these miners (probably not the small one) will be miners that cut your future revenue in mining too. So the price for selling should at least meet a good chunk of months of mining revenue that this unit would have brought.

I think its really the best way, revenue-like, that Asicminer will go the auction route.

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

Activity: 952
Merit: 1000



View Profile WWW
April 14, 2013, 01:32:25 PM
 #3206

Auction costs time. It's better to sell 5 devices per day with profit margin 500% than one device per day with profit margin 1000%.
I think its really the best way, revenue-like, that Asicminer will go the auction route.
I agree.

Thinking about how Avalon has done it, it really makes sense to set up an auction, to see what the price should be. They owe this to their shareholders, I think.

Think about Avalon. They sold their devices at some arbitrary price, resulting in a lot of them ending up on eBay at 5 times that price. Now that's a lot of lost revenue. Instead of that revenue going to Avalon, it goes to some random dude who's selling his device on eBay, when Avalon could be making that extra money - well deserved.

Gauge what the market price for these devices should be, and start with that price, and keep doing this to satisfy demand.
JimiQ84
Sr. Member
****
Offline Offline

Activity: 406
Merit: 250


View Profile
April 14, 2013, 01:39:14 PM
 #3207

Auction - yes, definitely
Every item - not so sure.

Look, we are talking about ~200 TH/s. That's 660 000 chips per 300 MH/s. Part will be small units (1 chip) and part will be 21GH/s boards that are currently deployed.

Who will manage thousands and thousands week long auctions?

I think optimal way to determine price is to do 10 (20?) week-long auctions on first machines. And sell others with that price directly (without auction).
DiabloD3
Legendary
*
Offline Offline

Activity: 1162
Merit: 1000


DiabloMiner author


View Profile WWW
April 14, 2013, 01:42:16 PM
 #3208

Auction costs time. It's better to sell 5 devices per day with profit margin 500% than one device per day with profit margin 1000%.
I think its really the best way, revenue-like, that Asicminer will go the auction route.
I agree.

Thinking about how Avalon has done it, it really makes sense to set up an auction, to see what the price should be. They owe this to their shareholders, I think.

Think about Avalon. They sold their devices at some arbitrary price, resulting in a lot of them ending up on eBay at 5 times that price. Now that's a lot of lost revenue. Instead of that revenue going to Avalon, it goes to some random dude who's selling his device on eBay, when Avalon could be making that extra money - well deserved.

Gauge what the market price for these devices should be, and start with that price, and keep doing this to satisfy demand.

I agree with this. However, the entire batch needs to be bid at once, we can't do multiple bids because people will just try to game that. Instead, say, if theres 100 units, we bid on all 100, and allow people to build on multiple units concurrently (ie, "2 units at 5 btc each").

DutchBrat
Hero Member
*****
Offline Offline

Activity: 868
Merit: 1000


View Profile
April 14, 2013, 01:58:04 PM
 #3209

I don't think ASICminer devices will be able to sell for the price Avalons fetch re-sale price, simply because ASICminer will deliver the moment you buy

Avalon was the only game in town, with a limited supply. Asicminer will change that and hence will drive the price down.

Especially if they sell off 200 TH/s.... optimizing revenue is game theory, so let the games begin  Wink
zakoliverz
Hero Member
*****
Offline Offline

Activity: 542
Merit: 500


View Profile
April 14, 2013, 02:05:20 PM
 #3210


Those things (boxes) are very beautiful. I love them.
SebastianJu
Legendary
*
Offline Offline

Activity: 2338
Merit: 1030


Legendary Escrow Service - Tip Jar in Profile


View Profile WWW
April 14, 2013, 06:05:06 PM
 #3211

Auction - yes, definitely
Every item - not so sure.

Look, we are talking about ~200 TH/s. That's 660 000 chips per 300 MH/s. Part will be small units (1 chip) and part will be 21GH/s boards that are currently deployed.

Who will manage thousands and thousands week long auctions?

I think optimal way to determine price is to do 10 (20?) week-long auctions on first machines. And sell others with that price directly (without auction).

You think 200TH will be sold? I dont know if thats the case but i think that would be a huge mistake. Firstly it would bring so much TH into the net that asicminer mining revenue would drop dramatically. But the worst thing would be that selling 200TH would need very much money spent from the community. Think about it this way: A Avalon asic with 65GH only sold for $25000 on ebay. That means you would need to sell 3076 units with 65GH. For a total price of $76,923,077 or 1,025,641BTC (when 1BTC=$75). And i believe it wont be possible to sell so many units or Mining Power for a real good price.

So i think Asicminer wont sell so much. I might be wrong but i see a problem there. Leading to units selling way under the price they should get when less units were sold.

I would like to know how long it will take until Asicminer can resume deployment though. It cant be too long i hope. If that happens it wouldnt be necessary to sell very much TH anymore.

Please ALWAYS contact me through bitcointalk pm before sending someone coins.
bitfair
Sr. Member
****
Offline Offline

Activity: 362
Merit: 250


View Profile
April 14, 2013, 06:33:41 PM
 #3212

Auction - yes, definitely
Every item - not so sure.

Look, we are talking about ~200 TH/s. That's 660 000 chips per 300 MH/s. Part will be small units (1 chip) and part will be 21GH/s boards that are currently deployed.

Who will manage thousands and thousands week long auctions?

I think optimal way to determine price is to do 10 (20?) week-long auctions on first machines. And sell others with that price directly (without auction).

You think 200TH will be sold? I dont know if thats the case but i think that would be a huge mistake. Firstly it would bring so much TH into the net that asicminer mining revenue would drop dramatically. But the worst thing would be that selling 200TH would need very much money spent from the community. Think about it this way: A Avalon asic with 65GH only sold for $25000 on ebay. That means you would need to sell 3076 units with 65GH. For a total price of $76,923,077 or 1,025,641BTC (when 1BTC=$75). And i believe it wont be possible to sell so many units or Mining Power for a real good price.

So i think Asicminer wont sell so much. I might be wrong but i see a problem there. Leading to units selling way under the price they should get when less units were sold.

I would like to know how long it will take until Asicminer can resume deployment though. It cant be too long i hope. If that happens it wouldnt be necessary to sell very much TH anymore.

Auction seems like a good approach for price discovery. One would expect the price to approach the net present value of future mining profits of the most optimistic difficulty forecast. Assuming that price is achieved, it would actually be a considerably better deal to sell all the equipment rather than mining with them ourselves - especially if ASICMINERs expectations for difficulty are lower than the most optimistic forecasts of the mining community.

Then gradually as the most optimistic difficulty forecasts become more realistic, the price achieved in an auction will decrease - but ASICMINER can anyway keep selling until marginal cost, so there's a considerable profit to be made until that point.
SebastianJu
Legendary
*
Offline Offline

Activity: 2338
Merit: 1030


Legendary Escrow Service - Tip Jar in Profile


View Profile WWW
April 14, 2013, 06:39:03 PM
 #3213

Auction seems like a good approach for price discovery. One would expect the price to approach the net present value of future mining profits of the most optimistic difficulty forecast. Assuming that price is achieved, it would actually be a considerably better deal to sell all the equipment rather than mining with them ourselves - especially if ASICMINERs expectations for difficulty are lower than the most optimistic forecasts of the mining community.

Then gradually as the most optimistic difficulty forecasts become more realistic, the price achieved in an auction will decrease - but ASICMINER can anyway keep selling until marginal cost, so there's a considerable profit to be made until that point.

Thats probably right. But i fear that the amount of Bitcoins needed to buy all these TH arent there. So that at the end its not the difficulty that drops the price but the fact that the money that could be spend on it already was spent. Leaving back only bidders that can bid less. It wouldnt be very good if out of this the last units sell for peanuts.
I might be wrong at this point, i only know me, and i dont like to have BTC lying around when there are possibilities to get more BTC with these.

At the end... i trust friedcat and team that they find a solution. They did till now... Smiley

Please ALWAYS contact me through bitcointalk pm before sending someone coins.
Technocrat
Newbie
*
Offline Offline

Activity: 42
Merit: 0


View Profile
April 14, 2013, 07:49:48 PM
 #3214

Does someone know whats the connector on the side opposite to the usb? Is it a supplemental power device or a usb for stacking these?


It looks like it is for connecting directly to the USB headers on a motherboard.
SmiGueL
Sr. Member
****
Offline Offline

Activity: 319
Merit: 250



View Profile
April 14, 2013, 07:59:21 PM
 #3215

Does someone know whats the connector on the side opposite to the usb? Is it a supplemental power device or a usb for stacking these?


It looks like it is for connecting directly to the USB headers on a motherboard.

Why didn't I saw that before.... That would be really genious!  Grin
(Looks like it's not directly connected on the mainboard but with a cable between it, but the idea is nice Smiley)

Asicminer Hashrate Charts @ www.asicminercharts.com

Donations BTC: 1SmiGSGWXzD5aZhmw3jyfpBFCgiki45MT
SebastianJu
Legendary
*
Offline Offline

Activity: 2338
Merit: 1030


Legendary Escrow Service - Tip Jar in Profile


View Profile WWW
April 14, 2013, 08:19:39 PM
 #3216

Impressive what storm of interest and enthusiasm such a small thing can create. Smiley Im sure it would be a bestseller.

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

Activity: 2016
Merit: 1000



View Profile WWW
April 14, 2013, 11:09:38 PM
 #3217

It's gonna be the greatest wealth transfer between flatrate utility providers and bitcoin miners the world has seen yet Cheesy

+10
 Grin

ninjaboon
Legendary
*
Offline Offline

Activity: 2016
Merit: 1000



View Profile WWW
April 14, 2013, 11:48:01 PM
 #3218


I'd run naked for some of these babies Sad

Please put me on any list of buyers for this one and contact me when is available. Or if I have to sign the waiting list for it, please tell me where.

I want to be on the waiting list too.

Miner99er
Sr. Member
****
Offline Offline

Activity: 310
Merit: 250


View Profile
April 15, 2013, 12:12:08 AM
 #3219

Why does everyone say "Auction!!!" Anyway?

Give us a set price, Quantity available and let us buy the crap out of them?Huh

Bought From Yochdogx2, Alexmat, SgtSpike, David_Benz, Beaflag VonRathburg, Slaveindebt, Cptmooseinc, Coinhoarder

Donations? SURE! 16foPr8FAjYXKL8ApQAzihnigXm1qNhi8Q

http://pyramining.com/referral/yfab9med7   
http://pyramining.com/referral/ahmc7en6z
http://pyramining.com/referral/pagndq4xc   
http://pyramining.com/referral/79b2gmrzx
http://pyramining.com/referral/e2ghz4asy
JaredR26
Full Member
***
Offline Offline

Activity: 219
Merit: 100


View Profile
April 15, 2013, 12:46:59 AM
 #3220

Why does everyone say "Auction!!!" Anyway?

Give us a set price, Quantity available and let us buy the crap out of them?Huh

Because we are shareholders, and for shareholders, auction is better.
Pages: « 1 ... 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] 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 ... 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!