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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3846183 times)
DutchBrat
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September 14, 2012, 07:45:38 PM
 #501

It is very simple:

The bigger % hashing power you have, the more profit you make

Come to the game early and it is easier to get a high %, the later you get there, the more difficult it gets
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Liquid
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September 16, 2012, 06:29:50 AM
 #502

Can you still buy shares ?

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arklan
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September 16, 2012, 08:16:03 AM
 #503

Can you still buy shares ?

looking at the listing on glbse, i see lots of shares available. price ranges from 0.1139 btc on up. there are hundreds of shares available. it just depends what you want to spend.
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September 16, 2012, 08:38:20 AM
 #504

K thanks im planning to buy some in the near future

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yrtrnc
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September 17, 2012, 06:25:11 PM
 #505

Hi

I want to invest about 100 BTC in your business.

What kind of returns can I expect? How will payouts work?

What is the liquidity?

Thanks and good luck.

Long live Bitcoin...
niko
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September 17, 2012, 07:51:16 PM
 #506

Hi

I want to invest about 100 BTC in your business.

What kind of returns can I expect? How will payouts work?

What is the liquidity?

Thanks and good luck.

Long live Bitcoin...

Hello, and welcome to the forum. You can find most of answers in https://bitcointalk.org/index.php?topic=99497.msg1088043#msg1088043 There you will see that the IPO is finished. You are still welcome to buy shares on glbse.

Also, it seems that you are impatient with your coins, and not willing to spend time researching and learning. If you are looking for a quick fix, your coins will be gone before you know it.
Take care and take time.

They're there, in their room.
Your mining rig is on fire, yet you're very calm.
yrtrnc
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September 17, 2012, 08:06:47 PM
 #507

Hi Niko

The reason is, I am excited about the whole bitcoin idea and want a piece of the action asap.

I appreciate your reasoning, thank you! I will tread carefully.

Long live bitcoin..
Jutarul
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September 17, 2012, 08:33:01 PM
 #508

Hi Niko

The reason is, I am excited about the whole bitcoin idea and want a piece of the action asap.

I appreciate your reasoning, thank you! I will tread carefully.

Long live bitcoin..

As long as you have bitcoins you have a piece of the action Wink
Anything else is investment into the infrastructure of bitcoin. It's a way to increase the amount AND value of your bitcoins - but with the risk that you'll lose them. A double bet so to say. You need both to succeed.

The ASICMINER Project https://bitcointalk.org/index.php?topic=99497.0
"The way you solve things is by making it politically profitable for the wrong people to do the right thing.", Milton Friedman
Dacm4n
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September 19, 2012, 02:00:22 AM
 #509

Friedcat will you be producing any small scale miners in the future like the BFL Jalapeno?

friedcat
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September 19, 2012, 03:18:03 AM
 #510

Friedcat will you be producing any small scale miners in the future like the BFL Jalapeno?
In business aspect, we will learn from the market what miners want the most.

In technology aspect, with the current restrictions (mainly heat dissipation), the weight, hashrate, and price per
each miner could be made very small, but the space consumption probably won't be as small as, say, a typical USB flash
drive's.

HorseRider
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September 19, 2012, 03:48:07 AM
 #511

Another ASIC plan announced, also from China, with sound track record. It's ngzhang.
https://bitcointalk.org/index.php?topic=110090.msg1197494#msg1197494

The price of the mining rigs starts to go down.

16SvwJtQET7mkHZFFbJpgPaDA1Pxtmbm5P
Jutarul
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September 19, 2012, 04:31:14 AM
 #512

Friedcat will you be producing any small scale miners in the future like the BFL Jalapeno?
In business aspect, we will learn from the market what miners want the most.
There are some practical limits. E.g. one target spec is about 1200W-1500W per device, because that's what most US households can deliver per breaker (10A) (probably 1200W to allow for some buffer). Other countries may allow more or less. Dependent on the target customer base (US might not be the majority Wink) that number may have to be scaled.
Above 1.5kW you're looking at custom power supply installations, where usually an expert has to be involved.

Then there's a sweet spot for the price of course. Not everybody wants to invest >$1000. Maybe $200. But that's easy to determine. Just ask the customer.

However, as far as the small scale miners are concerned, I think the defining feature is mobility and plug&playability. This is deduced via inversion: If the miner would be concerned about efficiency and the economy of mining, he'd opt for a solution which maximizes Hashpower / equipment cost, which tends to reduce for smaller devices... , it's the same reason why desktop computers provide more bang for the buck than laptops. For that very reason a lot of large scale miners don't do any casings at all... it just cuts into their competitive advantage.

Now the interesting question is why would people opt for a small scale mining device, knowing that it provides less MH/s/$ (just look at the BFL pricing, 23MH/s/$ vs. 30 MH/s/$). I just have to assume that people sacrifice 7 MH/s/$ for the mobility factor.

The ASICMINER Project https://bitcointalk.org/index.php?topic=99497.0
"The way you solve things is by making it politically profitable for the wrong people to do the right thing.", Milton Friedman
Jutarul
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September 19, 2012, 05:07:17 AM
 #513

Another ASIC plan announced, also from China, with sound track record. It's ngzhang.
https://bitcointalk.org/index.php?topic=110090.msg1197494#msg1197494

The price of the mining rigs starts to go down.

Thanks for the link. It would be nice if we had a wiki page, listing all the known ASIC competitors, their proposed product lines, their location, their specs and their production schedule.

While it's essential for the ASICminer business anyway to gather all this information and compile into a business plan, I think it would also help newcomers to make informed decisions and to determine which company provides the right product for them. In the long run we probably also see a product split, where companies follow different marketing paths. Some may concentrate on large-scale miners, others on small scale miners... History shows that companies which try to satisfy all needs, don't really do well in satisfying anyone.

The ASICMINER Project https://bitcointalk.org/index.php?topic=99497.0
"The way you solve things is by making it politically profitable for the wrong people to do the right thing.", Milton Friedman
Transisto
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September 19, 2012, 05:08:26 AM
 #514

I found BLF to be well priced, There is not much advantage going to the 30k$ device (+10%)

Without much reasoning I'd say a 300-400w device is convenient in term of extra heat.

The size should not exceed that of a typical computer, and having it look like one would reduce the risk of theft / unwanted questions.
TiuraZ
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September 19, 2012, 07:14:03 AM
 #515

Quote
There are some practical limits. E.g. one target spec is about 1200W-1500W per device, because that's what most US households can deliver per breaker (10A) (probably 1200W to allow for some buffer). Other countries may allow more or less. Dependent on the target customer base (US might not be the majority Wink) that number may have to be scaled.
Above 1.5kW you're looking at custom power supply installations, where usually an expert has to be involved.

Here in Finland it is not unusual to have 16A breakers in ordinary homes to supply simple wall sockets. That, and our higher voltage (230V) makes it possible to use electric appliances up to 2000-2500W without any special arrangements. I don't know about rest of the Europe though.
HorseRider
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September 19, 2012, 07:37:39 AM
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Here in Finland it is not unusual to have 16A breakers in ordinary homes to supply simple wall sockets. That, and our higher voltage (230V) makes it possible to use electric appliances up to 2000-2500W without any special arrangements. I don't know about rest of the Europe though.

That's amazing.

16SvwJtQET7mkHZFFbJpgPaDA1Pxtmbm5P
DiabloD3
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September 19, 2012, 07:56:09 AM
 #517

Quote
There are some practical limits. E.g. one target spec is about 1200W-1500W per device, because that's what most US households can deliver per breaker (10A) (probably 1200W to allow for some buffer). Other countries may allow more or less. Dependent on the target customer base (US might not be the majority Wink) that number may have to be scaled.
Above 1.5kW you're looking at custom power supply installations, where usually an expert has to be involved.

Here in Finland it is not unusual to have 16A breakers in ordinary homes to supply simple wall sockets. That, and our higher voltage (230V) makes it possible to use electric appliances up to 2000-2500W without any special arrangements. I don't know about rest of the Europe though.

Euro 230v seems to be 20a sockets the same as the average American home has 120v 15a.

Lethos
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September 19, 2012, 07:57:10 AM
 #518

Quote
There are some practical limits. E.g. one target spec is about 1200W-1500W per device, because that's what most US households can deliver per breaker (10A) (probably 1200W to allow for some buffer). Other countries may allow more or less. Dependent on the target customer base (US might not be the majority Wink) that number may have to be scaled.
Above 1.5kW you're looking at custom power supply installations, where usually an expert has to be involved.

Here in Finland it is not unusual to have 16A breakers in ordinary homes to supply simple wall sockets. That, and our higher voltage (230V) makes it possible to use electric appliances up to 2000-2500W without any special arrangements. I don't know about rest of the Europe though.

20amp (230v) breakers are not unusual here in the UK. Unless you have really old electrics, then maybe it's 10-15.

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kano
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September 19, 2012, 08:45:46 AM
 #519

Aus, 240V typically most power cabling is rated 10A = 2400W
Of course no one wants to be near the limit Smiley

Looking at the different replies - it seems that 1500W is probably about as high as any device should go to get general acceptance for everyone.

(aside, the whole advantage of 240V is it's the A that kills you not the V - thus also higher power with lower A)

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flipperfish
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September 19, 2012, 09:59:58 AM
 #520

Most breakers in germany are 16A with a voltage of 230V which results somewhere near 3.5 kW per circuit. Most electrical equipment (like portable socket outlets) is rated for 3.5 kW, too. Most contracts allow up to 20kW.
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