ASICMINER: Entering the Future of ASIC Mining by Inventing It

[furuknap]

 (120GH/s for just north of $2K anyone?).

.b

Impressive numbers; at 600gh/s for 10k they will be a tad more than HALF as cost effective as ASICminer and their 1,000gh/s for 10k costs

Yeah, where could I order that again? Last I checked, AM sold 10GH for 50BTC~$6K. For 120GH you pay $72K with AM.

But hey, if your math makes you pay 36 times more than from across the street, I still have those Pentium III chips at $1K a pop.

.b

[ThickAsThieves]

Average AM hashrate for last 6hrs is 30.57TH

[tinus42]

At least open a Facebook page, that costs nothing.

It still costs time, which is not trivial.

It also can generate awareness and thus business. And who says friedcat has to do everything himself?

[freedomno1]

Like every 4 days, this thread focused on something that MUST happen with ASICMINER. What's next?

It's Evolution TAT Evolution 

(And well looking around the forum think we have someone who can make a decent website if the main team is busy)

[TiuraZ]

It seems that many people here have forgot Bitfountain, which is major shareholder of ASICMINER. Friedcat doesn't need to think about future of ASICMINER that much, because he, and who ever owns Bitfountain with him, have gathered bucketloads of BTC in dividents from ASICMINER. What ever he plans do to next, he doesn't need to do it through ASICMINER company, he has enough capital in Bitfountain to do what ever he thinks is good for him and other owners of Bitfountain. As a major shareholder, Bitfountain can close ASICMINER down any time they want to and continue operations within Bitfountain.

[Jere.Jones]

And who says friedcat has to do everything himself?

What is ASICMiner's bus factor?

[ThickAsThieves]

Like every 4 days, this thread focused on something that MUST happen with ASICMINER. What's next?

It's Evolution TAT Evolution 

(And well looking around the forum think we have someone who can make a decent website if the main team is busy)

I could, but I won't. That's AM's job, and surely they will make it happen when they are ready

[Jutarul]

The simple explanation is that AM is far behind in technology with their current models. 130nm is comparable to a Pentium III and when the competitors are researching i7 chips, it's only a matter of time before you can't give away the blades that AM currently produces.

If you have learned anything from the ASIC story so far is that the bird in your hand is worth two in the bush. Old technology usually has the advantage of having larger error margins and a lower production cost. Moving into better technology is certainly important, but don't underestimate the opportunity cost, if a better technology means you're not spending money on hash power growth.

So yes, AM should sell everything including the kitchen sink while they still can. Two months from now,.... those existing blades will be worth less than their packaging material because anyone can jump across the street at get far superior performance at a tentatively much lower price (120GH/s for just north of $2K anyone?).

Don't know if you're an optimist or a pessimist. At least you're extreme.

[Ozymandias]

 (120GH/s for just north of $2K anyone?).

.b

Impressive numbers; at 600gh/s for 10k they will be a tad more than HALF as cost effective as ASICminer and their 1,000gh/s for 10k costs

Yeah, where could I order that again?

btct, bitfunder, and even havelock!

[VJain]

Average AM hashrate for last 6hrs is 30.57TH

Where did you get that? Looking at the asicminercharts website - it shows 25.27 and /live/ shows 25.20?

Did I miss a place to bookmark?

[ThickAsThieves]

Average AM hashrate for last 6hrs is 30.57TH

Where did you get that? Looking at the asicminercharts website - it shows 25.27 and /live/ shows 25.20?

Did I miss a place to bookmark?

It was the bottom chart on the /live/ page. At the time, no other chart was loading. Now, it's the only chart not loading...

[freedomno1]

Like every 4 days, this thread focused on something that MUST happen with ASICMINER. What's next?

It's Evolution TAT Evolution 

(And well looking around the forum think we have someone who can make a decent website if the main team is busy)

I could, but I won't. That's AM's job, and surely they will make it happen when they are ready

Agreed I trust them to make an awesome page or hire some motivated AM shareholders xd

[furuknap]

Yeah, where could I order that again? Last I checked, AM sold 10GH for 50BTC~$6K. For 120GH you pay $72K with AM.

But hey, if your math makes you pay 36 times more than from across the street, I still have those Pentium III chips at $1K a pop.

.b

btct, bitfunder, and even havelock!

Ah, you mean those shares where you pay 2.5BTC~$325 for around 75MH/s? That sounds like a great deal. How much would I need to invest to get 120GH/s of that?

Oh, and I'll throw in free shipping on those Pentium III chips. Why aren't there any takers? At one point in time, they were the cream of the crop and nobody could deliver anything even close in performance.

.b

[Ozymandias]

Yeah, where could I order that again? Last I checked, AM sold 10GH for 50BTC~$6K. For 120GH you pay $72K with AM.

But hey, if your math makes you pay 36 times more than from across the street, I still have those Pentium III chips at $1K a pop.

.b

btct, bitfunder, and even havelock!

Ah, you mean those shares where you pay 2.5BTC~$325 for around 75MH/s? That sounds like a great deal. How much would I need to invest to get 120GH/s of that?

Oh, and I'll throw in free shipping on those Pentium III chips. Why aren't there any takers? At one point in time, they were the cream of the crop and nobody could deliver anything even close in performance.

.b

Come on, you're smarter than that! Those shares entitle you to a perpetually increasing hashrate coupled with similarly perpetual improvements in technology as opposed to a one time purchase that will be inevitably obsolete due to its lack of evolution. The gamble that is to be made here is whether one believes ASICminer is a short term phenomenon or will be a major player in Bitcoin for years to come. I believe the latter and from what I've read, you seem to believe the former (a belief that if I interpreted it correctly I respect but with which I disagree). All that being said, I leave to you the last word and may your dealings bring you happiness and profit in that order!

[Mausini]

Yeah, where could I order that again? Last I checked, AM sold 10GH for 50BTC~$6K. For 120GH you pay $72K with AM.

But hey, if your math makes you pay 36 times more than from across the street, I still have those Pentium III chips at $1K a pop.

.b

btct, bitfunder, and even havelock!

Ah, you mean those shares where you pay 2.5BTC~$325 for around 75MH/s? That sounds like a great deal. How much would I need to invest to get 120GH/s of that?

Oh, and I'll throw in free shipping on those Pentium III chips. Why aren't there any takers? At one point in time, they were the cream of the crop and nobody could deliver anything even close in performance.

.b

furknap, can you please cut your opportunistic shit? I'm pretty sure you know what you just posted here is plain wrong and completely misleading. Why dont you just buy back in and do your positive propaganda again?

[furuknap]

furknap, can you please cut your opportunistic shit? I'm pretty sure you know what you just posted here is plain wrong and completely misleading. Why dont you just buy back in and do your positive propaganda again?

...by comparing the cost of an ASIC chip to what you pay for a finished product is not misleading?

The initial question to which I responded was why AM hardware sales is a temporary benefit, to which I responded that competitors are weeks away from delivering 30x the efficiency so AM hardware will be worthless to buyers. Then someone commented that since AM can build HW at a low price that somehow will make buyers want 30x less efficient hardware. when I pointed out the flaw of that, I was told to buy shares, that currently trade at $2 for $1 of company value even in the best of circumstances.

And I'm the one being misleading?

I'll buy back in at a reasonable price. Right now, it's unreasonable and people have an Apple fanboi attitude, which isn't healthy.

However, I'll stop, again, posting anything here.

.b

[philipma1957]

  The reason hash is low is no other company is releasing hash a a big rate.  I feel that AM can go to 40Th over night they do not want to do this.

  They want to grow in the 20-30% slot parallel to the network. So while 2.5 coins for 75MH/s plus sales sounds bad. It will keep at a 20-30% rate to the rest of the network which makes  it  a good buy.

  Last august I had 2Gh/s the network had 17Th.  I now have 8Gh/s the network has 120Th I am loosing ground with my gpus.  I can get to 11 or 12 Gh/s with gpu/s in the winter not the summer. so my growth is frozen as a miner. Am allows me some growth which I am grateful for. I can even cut my gpus back which I have from 11 to 8 Gh/s worth to cope with heat.

[bitfair]

(...) competitors are weeks away from delivering 30x the efficiency (...)

Ever since August 2012 competitors have been weeks away from delivering more efficient hardware.

But where did you get "30x the efficiency" from? As far as I know, there is no technology that provides that, even 22nm would not achieve 30x the efficiency...

[Mausini]

furknap, can you please cut your opportunistic shit? I'm pretty sure you know what you just posted here is plain wrong and completely misleading. Why dont you just buy back in and do your positive propaganda again?

...by comparing the cost of an ASIC chip to what you pay for a finished product is not misleading?

The initial question to which I responded was why AM hardware sales is a temporary benefit, to which I responded that competitors are weeks away from delivering 30x the efficiency so AM hardware will be worthless to buyers. Then someone commented that since AM can build HW at a low price that somehow will make buyers want 30x less efficient hardware. when I pointed out the flaw of that, I was told to buy shares, that currently trade at $2 for $1 of company value even in the best of circumstances.

And I'm the one being misleading?

I'll buy back in at a reasonable price. Right now, it's unreasonable and people have an Apple fanboi attitude, which isn't healthy.

However, I'll stop, again, posting anything here.

.b

i meant your 75MH/s per share argument. I let you explain yourself why this comparison is completely derailed.

and regarding the competition: they are weeks away, yes. exactly 2 weeks, if you know what i mean. funny thing is, as time goes on they keep being 2 weeks away Seriously, someone saying they'll have this and that hash rate online or ready for selling DOES NOT MEAN ANYTHING. There is a lot more to it than just producing some asic prototype. The only one who pulled something like this of in large scale is friedcat. If you really believe you have better odds with some pipe dreams, go for it!

[nousfeed]

I would really like to see a website setup to streamline sales and news too. Theres really no excuse plenty of people can do it, asicminer could probably do the whole thing with bitcoin too, website hosting paid in bitcoin, designers paid in bitcoin. Or just do it them selves, its really not hard to setup a wordpress store with bitpay. Being able to sell usb eruptors directly to people would be a huge benefit. They would probably need to hire someone to handle the orders but that shouldnt be an issue because of the added sales.

They have designed made and are now selling hardware, they really need to get their shit together and sort out the front end of the business, the part the public sees, it really shouldnt be that you have to delve through a unrelated forum to find out how to buy the stuff. They have product, they need to market it now before competitors have their own stock.