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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3897251 times)
SmiGueL
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May 27, 2013, 05:08:53 PM
Last edit: May 28, 2013, 11:43:34 AM by SmiGueL
 #6001


Keep in mind that the hashrate from BitMinter went down from 6 TH/s to 0 TH/s today.
If that's because those blades are solomining now, then that should be visible in the charts in about 24h-48h. (The hashrate will then be back @ 22 - 24 TH/s)

Asicminer Hashrate Charts @ www.asicminercharts.com

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May 27, 2013, 07:24:57 PM
 #6002

@ SmiGueL thanks you (nice signature).
____

Please correct my maths / understanding and forgive any stupid questions?   

Infrastructure costs, maintenance costs, labour costs, and R&D costs are deducted the profits.
Revenue is generated by Mining (24TH/s) and sales of Bitcoin ASIC hardware.
Profits are distributed to the 400,000 issued shares.
Is the above correct?

Each share today is generating about 60MH/s* + (profits from hardware sales)
AM are in R&D stage of a new chip to grow there hashing power?

*(24TH/s = 24000000MH/s / 400,000shares = 60MH/s per share)

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
runeks
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May 27, 2013, 07:30:56 PM
 #6003

Two blocks in a row from solo mining:

https://blockchain.info/block-index/387168/00000000000000fbcf68dd2fc3ab84334dec8d40284600423274155e22b70925
https://blockchain.info/block-index/386770/000000000000007801ab0c816283ecd6ec28c5a9b3f6fdef0d51cd069dad49f0

We're on a roll!
tkone
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May 27, 2013, 08:49:11 PM
 #6004


WOOO HOOO GOO ASICMINER

and also now usb miners minimum is 50!!!!
WOOHOO MORE ORDERS MORE PROFITS MORE DIVIDENDZZZZZ!!!!

ASICMINER IS THE FUTURE!!!!

SOON TO BE BILLIONAIRES CLUB PLEASE SIGN IN!!!!

freedomno1
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May 27, 2013, 09:34:49 PM
 #6005


I know this has been touched on before, but what about a dedicated AM subforum? I dread to think how this thread is going to play out if AM shares hit a period of large volatility, or AM expands their business model etc...


Now there's a question I haven't seen a status report in a while on also curious on the status of those sub-forms
lophie
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May 27, 2013, 09:56:13 PM
 #6006


WOOO HOOO GOO ASICMINER

and also now usb miners minimum is 50!!!!
WOOHOO MORE ORDERS MORE PROFITS MORE DIVIDENDZZZZZ!!!!

ASICMINER IS THE FUTURE!!!!

SOON TO BE BILLIONAIRES CLUB PLEASE SIGN IN!!!!

Chill shill man -_-!

Will take me a while to climb up again, But where is a will, there is a way...
mc_lovin
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May 27, 2013, 10:27:39 PM
 #6007

http://www.google.ca/trends/explore?q=bitcoin#q=asicminer%2C%20bitfountain&cmpt=q

Smiley

GuiltySpark343
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May 27, 2013, 10:37:26 PM
 #6008

Where is there info that the USB Eruptor has reduced its min buy to 50? Link to a forum post please?

I don't know half of you half as well as I should like; and I like less than half of you half as well as you deserve.
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SmiGueL
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May 27, 2013, 10:50:56 PM
 #6009

Where is there info that the USB Eruptor has reduced its min buy to 50? Link to a forum post please?
https://bitcointalk.org/index.php?topic=217104.0  Wink

Asicminer Hashrate Charts @ www.asicminercharts.com

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aahzmundus
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May 27, 2013, 10:52:29 PM
 #6010

Where is there info that the USB Eruptor has reduced its min buy to 50? Link to a forum post please?

Protip, favorite and check this multiple times a day: https://bitcointalk.org/index.php?action=profile;u=49840;sa=showPosts

tkone
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May 27, 2013, 11:08:54 PM
 #6011

Where is there info that the USB Eruptor has reduced its min buy to 50? Link to a forum post please?

Protip, favorite and check this multiple times a day: https://bitcointalk.org/index.php?action=profile;u=49840;sa=showPosts

thats what i do haha

BitAddict
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May 27, 2013, 11:58:26 PM
 #6012

Where is there info that the USB Eruptor has reduced its min buy to 50? Link to a forum post please?

Protip, favorite and check this multiple times a day: https://bitcointalk.org/index.php?action=profile;u=49840;sa=showPosts

Nice trick, I will add it to my bookmarks  Wink
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May 28, 2013, 10:26:30 AM
 #6013


WOOO HOOO GOO ASICMINER

and also now usb miners minimum is 50!!!!
WOOHOO MORE ORDERS MORE PROFITS MORE DIVIDENDZZZZZ!!!!

ASICMINER IS THE FUTURE!!!!

SOON TO BE BILLIONAIRES CLUB PLEASE SIGN IN!!!!
Looks like the string of good luck continues. These are four ASICMiner solo blocks founds in a row:

238270
238271
238272
238273

Either it's luck, or they are ramping up the solo hash rate.
Mausini
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May 28, 2013, 12:20:12 PM
 #6014

Yep, they increased solo hash: http://www.asicminercharts.com/ second chart.

Dont confuse everybody. Hashrates in those charts is estimated by the number of blocks found.
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May 28, 2013, 12:31:11 PM
 #6015

So lets see here....

Dividends from mining per share will probably be .0146 (http://www.asicminercharts.com/)

With the group buy min order for USB's down to 50, several group buys are closing up and not waiting to get 300. We have the "Unfinalized" sales from last week. Friedcat said blade sales have been "slow but steady". Lets say sales of 2,000 USB miners and 10 blades seems like a "safe" number.

2,000 * 1.99 = 3980
10 * 50 = 500

3980 + 500 = 4480

4480 / 400,000 = .0112

.0112 + .0146 = BTC0.0258 <- seems reasonable?

Anyone else care to take a stab at it?

Also... share price... with dividends coming up, and the long weekend now over (bank deposits clearing) is anyone expecting a share price bump?  If so how much... there are a lot more shares on the market now with bigger players selling a portion of their holdings, and now with multiple markets things seem to be cooling off... will we see 3 a share in the near future (yes, we did already see that on TAT, but not for any amount of time).

philipma1957
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May 28, 2013, 01:11:43 PM
 #6016

I think 2.9 to 3.1 can happen.   

Blades and sticks are over priced.  I know it is a balancing act but  I can buy hd7790's at 130USD vs 240USD for a stick   they hash the same rate.  the hd7790 burns 32 cents (at 16 cents a k-watt) a day in 100 days that is 32usd in 200 days that  is 64usd in 300 days that is 96usd

So after 300 days I am still better off with the hd7790.  As I spent 130 plus 96 = 226 vs 240 usd.

 I also still have a video card worth 30 to 50 usd.

 The sticks don't sell fast any more.  Lowering the limit to  50 closed out some sales but they were lingering for more then a week just to get to 193 sticks.

So stop sales for 1 week to 10 days to  get people nervous then drop the price to 1.5 coins.

 Since we have lots of hash power on ice  selling sticks at a lower price brings in money And allows us to have more solo hash.

I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
SmiGueL
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May 28, 2013, 01:24:06 PM
 #6017

So stop sales for 1 week to 10 days to  get people nervous then drop the price to 1.5 coins.

Or make it an auction again, they went pretty good Cool

Maybe a bundle of 1 blade + 3 sticks @ BTC55

Asicminer Hashrate Charts @ www.asicminercharts.com

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stripykitteh
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May 28, 2013, 01:44:48 PM
 #6018

It will be interesting to see what the strategy is with hardware sales.

I think philip has the right idea - when sales dry up at a price point, take the product off the market for a short period, then bring it back at a lower price. This has a couple of positive effects:

- early adopters don't feel they got burned by the falling price (they had a chance to make money when supply was turned off)
- new buyers feel like they are getting a bargain

At any time a buyer will feel that they are getting a certain first-mover advantage by acting now, which is what AM want - happy customers.

When other suppliers have products to ship in volume the strategy will have to change to commodity-style pricing.

BTW I think .025 is a realistic dividend for this week. I'd be very surprised if more than 15 blades were sold this week, just by gauging the level of interest in the blade sales thread. However the figure may be pushed up if there were some sales from the previous week that weren't counted until this week. We don't know about off-forum sales of USB sticks, so there could be some unexpected upside there. But .025 looks achievable.

It seems that Bitfountain have been putting effort into boosting the hash rate this week, so perhaps in the next few weeks there will be somewhat higher returns from the farm.

I don't like signature campaigns.
Luke-Jr
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May 28, 2013, 01:49:30 PM
 #6019

I'm expecting dividends to be delayed this week.

Edit: Nevermind, this is still a bit premature as most of the network is running 0.8.1.
Also, someone pointed out to me that the dust spam is sent separately from dividends, so it shouldn't matter for the real BTC

wtfvanity
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May 28, 2013, 01:53:58 PM
 #6020

I'm expecting dividends to be delayed this week.

What a troll. BFL coming up empty making your ass hurt?

          WTF!     Don't Click Here              
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