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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3916311 times)
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June 29, 2013, 10:12:23 AM
 #8721



" I will pay you for the right to sell you cheap shares of ASICMiner. How's that sound? "



where do i sign up?..thank$
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June 29, 2013, 10:14:30 AM
Last edit: June 29, 2013, 10:26:43 AM by freedomno1
 #8722

(namecoin is) the only existing alternative to the ICANN monopoly.

No, there are many, many other ICANN alternatives. They are all useless, just like Namecoin. Why? Because regular people can't access them. It's not reasonable to ask everyone on the entire internet to install plugins if they want to access your domains. Namecoin will never be a serious alternative to DNS.
Namecoin isn't only a DNS alternative, that's just it's most popular usage. It can handle many data types and others can be added, personally I'd like to see it as more of an address book including geodata, postal address, telephone numbers and searchable meta data but it could just as easily be used as a cake recipe database. The qt client is developing fast and there's a lot of potential with integration of additional features (such as a local DNS server).

That's way off topic though, hopefully friedcat will post an update soon but if not then no news is good news I guess.

Well someone translated something in the other thread but no news is good news if it cannot be confirmed
That or this is one elaborate scale spread at misinfo
Really not sure on this one so no news is good news waits on official friedcat but if it is real FAQ was answered and can consider these questions replied to
https://bitcointalk.org/index.php?topic=246253.msg2610794#msg2610794

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June 29, 2013, 10:15:41 AM
 #8723

 ICANN ~> UCANT see how that works...thanks
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June 29, 2013, 10:39:14 AM
 #8724

Quote
Q: After the batch shipping from Avalon and BFL, how would the manufacturers in Shenzhen compete with them?
Friedcat: Our advantage to manufacture chips at the cost price is invincible.

I liked this part the most  Grin

Do not try and bend the spoon. That's impossible. Instead... only try to realize the truth. There is no spoon. Then you'll see, that it is not the spoon that bends, it is only yourself.
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June 29, 2013, 10:39:48 AM
 #8725

English translation of slides from https://bitcointalk.org/index.php?topic=246253

3.4BTC * 400,000 = 1360,000BTC
> 0.136 billion USD

Q: How much hashing power does Bitfountain plan to deploy within this year?
Friedcat: 800-1000T within this year.

Q: What are the specs of the second batch? When will the mass production begin?
Friedcat: The exact numbers will only be known when the chips are out of fab, currently we only have simulated results. Mass production will be in October the earliest.

Q: What would be the physical address of the offshore company be to registered?
Friedcat: It will be on an island where financial freedom is more possible to achieve.

Q: Do you have plans for future other than mining and selling hardware?
Friedcat: ASICMINER's business is confined within mining and selling mining hardware. We might do some    
periphery work, but that won't be too distant.

Q: What kind of investors or business partners are you keeping in touch with?
Friedcat: We currently don't accept external funds, so there is no private investors. The partners we keep in touch with are mostly tech related.

Q: After the batch shipping from Avalon and BFL, how would the manufacturers in Shenzhen compete with them?
Friedcat: Our advantage to manufacture chips at the cost price is invincible.

Q: Are you hiring? What kind of people do you need?
Friedcat: We need people specialized in analog electronics, but we don't put much hope in finding this kind of people within China.

Q: Any plans or strategies that are suitable for the public to know?
Friedcat: We will be focusing more on the area that we have the most advantage in. It depends on whether we have more advantage in chip design or the ability to deployment fast.

Q: Why the hashing power of AM is not stable?
Friedcat: The variance of solo mining itself is relatively huge. And the whole network is being DDOS'ed lately, the 0.8.3 version of the software has fixed some bugs so as to prevent DDOS.

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June 29, 2013, 10:40:47 AM
 #8726

English translation of slides from https://bitcointalk.org/index.php?topic=246253

3.4BTC * 400,000 = 1360,000BTC
> 0.136 billion USD

Q: How much hashing power does Bitfountain plan to deploy within this year?
Friedcat: 800-1000T within this year.

Q: What are the specs of the second batch? When will the mass production begin?
Friedcat: The exact numbers will only be known when the chips are out of fab, currently we only have simulated results. Mass production will be in October the earliest.

Q: What would be the physical address of the offshore company be to registered?
Friedcat: It will be on an island where financial freedom is more possible to achieve.

Q: Do you have plans for future other than mining and selling hardware?
Friedcat: ASICMINER's business is confined within mining and selling mining hardware. We might do some    
periphery work, but that won't be too distant.

Q: What kind of investors or business partners are you keeping in touch with?
Friedcat: We currently don't accept external funds, so there is no private investors. The partners we keep in touch with are mostly tech related.

Q: After the batch shipping from Avalon and BFL, how would the manufacturers in Shenzhen compete with them?
Friedcat: Our advantage to manufacture chips at the cost price is invincible.

Q: Are you hiring? What kind of people do you need?
Friedcat: We need people specialized in analog electronics, but we don't put much hope in finding this kind of people within China.

Q: Any plans or strategies that are suitable for the public to know?
Friedcat: We will be focusing more on the area that we have the most advantage in. It depends on whether we have more advantage in chip design or the ability to deployment fast.

Q: Why the hashing power of AM is not stable?
Friedcat: The variance of solo mining itself is relatively huge. And the whole network is being DDOS'ed lately, the 0.8.3 version of the software has fixed some bugs so as to prevent DDOS.


Who is awesome? You are awesome

Thanks man!

https://www.crypto-trade.com/ref/arcticwolf Try CryptoTrade.com, a new exchange for trading Currencies and Securities
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June 29, 2013, 10:46:20 AM
 #8727

If this translation is incorrect... i will cry! 

Enjoy the donation!

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June 29, 2013, 10:53:16 AM
 #8728

English translation of slides from https://bitcointalk.org/index.php?topic=246253

3.4BTC * 400,000 = 1360,000BTC
> 0.136 billion USD

Q: How much hashing power does Bitfountain plan to deploy within this year?
Friedcat: 800-1000T within this year.

Q: What are the specs of the second batch? When will the mass production begin?
Friedcat: The exact numbers will only be known when the chips are out of fab, currently we only have simulated results. Mass production will be in October the earliest.

Q: What would be the physical address of the offshore company be to registered?
Friedcat: It will be on an island where financial freedom is more possible to achieve.

Q: Do you have plans for future other than mining and selling hardware?
Friedcat: ASICMINER's business is confined within mining and selling mining hardware. We might do some    
periphery work, but that won't be too distant.

Q: What kind of investors or business partners are you keeping in touch with?
Friedcat: We currently don't accept external funds, so there is no private investors. The partners we keep in touch with are mostly tech related.

Q: After the batch shipping from Avalon and BFL, how would the manufacturers in Shenzhen compete with them?
Friedcat: Our advantage to manufacture chips at the cost price is invincible.

Q: Are you hiring? What kind of people do you need?
Friedcat: We need people specialized in analog electronics, but we don't put much hope in finding this kind of people within China.

Q: Any plans or strategies that are suitable for the public to know?
Friedcat: We will be focusing more on the area that we have the most advantage in. It depends on whether we have more advantage in chip design or the ability to deployment fast.

Q: Why the hashing power of AM is not stable?
Friedcat: The variance of solo mining itself is relatively huge. And the whole network is being DDOS'ed lately, the 0.8.3 version of the software has fixed some bugs so as to prevent DDOS.


If this is true, 10 BTC/share is not unreasonable. Again, this is unverified information still but once it is confirmed....
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June 29, 2013, 10:56:49 AM
 #8729

Pending confirmation I am excited to say the least  Cheesy

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June 29, 2013, 11:08:34 AM
 #8730

English translation of slides from https://bitcointalk.org/index.php?topic=246253

3.4BTC * 400,000 = 1360,000BTC
> 0.136 billion USD

Q: How much hashing power does Bitfountain plan to deploy within this year?
Friedcat: 800-1000T within this year.

Q: What are the specs of the second batch? When will the mass production begin?
Friedcat: The exact numbers will only be known when the chips are out of fab, currently we only have simulated results. Mass production will be in October the earliest.

Q: What would be the physical address of the offshore company be to registered?
Friedcat: It will be on an island where financial freedom is more possible to achieve.

Q: Do you have plans for future other than mining and selling hardware?
Friedcat: ASICMINER's business is confined within mining and selling mining hardware. We might do some    
periphery work, but that won't be too distant.

Q: What kind of investors or business partners are you keeping in touch with?
Friedcat: We currently don't accept external funds, so there is no private investors. The partners we keep in touch with are mostly tech related.

Q: After the batch shipping from Avalon and BFL, how would the manufacturers in Shenzhen compete with them?
Friedcat: Our advantage to manufacture chips at the cost price is invincible.

Q: Are you hiring? What kind of people do you need?
Friedcat: We need people specialized in analog electronics, but we don't put much hope in finding this kind of people within China.

Q: Any plans or strategies that are suitable for the public to know?
Friedcat: We will be focusing more on the area that we have the most advantage in. It depends on whether we have more advantage in chip design or the ability to deployment fast.

Q: Why the hashing power of AM is not stable?
Friedcat: The variance of solo mining itself is relatively huge. And the whole network is being DDOS'ed lately, the 0.8.3 version of the software has fixed some bugs so as to prevent DDOS.


If this is true, 10 BTC/share is not unreasonable. Again, this is unverified information still but once it is confirmed....

YES.This is 99.999% true.It was released by rockxie.
About rockxie: https://bitcointalk.org/index.php?topic=217104.msg2559360#msg2559360

Tip:17YxKtDNYWjkhPYTKieh4xSGuyAfL4kJ5o
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June 29, 2013, 11:12:31 AM
 #8731

(namecoin is) the only existing alternative to the ICANN monopoly.

No, there are many, many other ICANN alternatives. They are all useless, just like Namecoin. Why? Because regular people can't access them. It's not reasonable to ask everyone on the entire internet to install plugins if they want to access your domains. Namecoin will never be a serious alternative to DNS.

"Regular people" don't use Bitcoin.  This community is a mecca for early adopters, not "everyone on the entire internet."

How are you any more useful than those saying 'there are many dollar alternatives, they are all useless just like Bitcoin?'  


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Monero
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June 29, 2013, 11:13:42 AM
 #8732

Really interesting news about island.
Waiting for huge hashrate drop due to transport blades by ship, or maybe farm will be working on the ship?

Island with solar panels, ocean wave energy, wind energy and huge asic farm will be amazing.

Every share now is worth a lot more, please sell.
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June 29, 2013, 11:14:02 AM
 #8733

English translation of slides from https://bitcointalk.org/index.php?topic=246253

3.4BTC * 400,000 = 1360,000BTC
> 0.136 billion USD

Q: How much hashing power does Bitfountain plan to deploy within this year?
Friedcat: 800-1000T within this year.

Q: What are the specs of the second batch? When will the mass production begin?
Friedcat: The exact numbers will only be known when the chips are out of fab, currently we only have simulated results. Mass production will be in October the earliest.

Q: What would be the physical address of the offshore company be to registered?
Friedcat: It will be on an island where financial freedom is more possible to achieve.

Q: Do you have plans for future other than mining and selling hardware?
Friedcat: ASICMINER's business is confined within mining and selling mining hardware. We might do some    
periphery work, but that won't be too distant.

Q: What kind of investors or business partners are you keeping in touch with?
Friedcat: We currently don't accept external funds, so there is no private investors. The partners we keep in touch with are mostly tech related.

Q: After the batch shipping from Avalon and BFL, how would the manufacturers in Shenzhen compete with them?
Friedcat: Our advantage to manufacture chips at the cost price is invincible.

Q: Are you hiring? What kind of people do you need?
Friedcat: We need people specialized in analog electronics, but we don't put much hope in finding this kind of people within China.

Q: Any plans or strategies that are suitable for the public to know?
Friedcat: We will be focusing more on the area that we have the most advantage in. It depends on whether we have more advantage in chip design or the ability to deployment fast.

Q: Why the hashing power of AM is not stable?
Friedcat: The variance of solo mining itself is relatively huge. And the whole network is being DDOS'ed lately, the 0.8.3 version of the software has fixed some bugs so as to prevent DDOS.


If this is true, 10 BTC/share is not unreasonable. Again, this is unverified information still but once it is confirmed....

YES.This is 99.999% true.It was released by rockxie.
About rockxie: https://bitcointalk.org/index.php?topic=217104.msg2559360#msg2559360

Well to be technical the release is credited to rockxie but the post was from FriedFish
Hence the 99.999%
Waits on the 0.001 to celebrate but I'm leaning to confirmed at this time

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June 29, 2013, 11:21:07 AM
 #8734

Updated version with minor grammatical corrections:
    for future -> for the future
    to deployment fast -> to deploy fast
    more possible to achieve -> more easily to achieve
    much hope -> too much hope

Thank you for your tips, aahzmundus and ArcticWolf:)
--------------------------------------------------------------

3.4BTC * 400,000 = 1360,000BTC
> 0.136 billion USD

Q: How much hashing power does Bitfountain plan to deploy within this year?
Friedcat: 800-1000T within this year.

Q: What are the specs of the second batch? When will the mass production begin?
Friedcat: The exact numbers will only be known when the chips are out of fab, currently we only have simulated results. Mass production will be in October the earliest.

Q: What would be the physical address of the offshore company be to registered?
Friedcat: It will be on an island where financial freedom is more easily to achieve.

Q: Do you have plans for the future other than mining and selling mining hardware?
Friedcat: ASICMINER's business is confined within mining and selling mining hardware. We might do some    
periphery work, but that won't be too distant.

Q: What kind of investors or business partners are you keeping in touch with?
Friedcat: We currently don't accept external funds, so there is no private investors. The partners we keep in touch with are mostly tech related.

Q: After the batch shipping from Avalon and BFL, how would the manufacturers in Shenzhen compete with them?
Friedcat: Our advantage to manufacture chips at the cost price is invincible.

Q: Are you hiring? What kind of people do you need?
Friedcat: We need people specialized in analog electronics, but we don't put too much hope in finding this kind of people within China.

Q: Any plans or strategies that are suitable for the public to know?
Friedcat: We will be focusing more on the area that we have the most advantage in. It depends on whether we have more advantage in chip design or the ability to deploy fast.

Q: Why the hashing power of AM is not stable?
Friedcat: The variance of solo mining itself is relatively huge. And the whole network is being DDOS'ed lately, the 0.8.3 version of the software has fixed some bugs so as to prevent DDOS.
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June 29, 2013, 11:43:45 AM
 #8735

YES.This is 99.999% true.It was released by rockxie.
About rockxie: https://bitcointalk.org/index.php?topic=217104.msg2559360#msg2559360
Well to be technical the release is credited to rockxie but the post was from FriedFish
Hence the 99.999%
Waits on the 0.001 to celebrate but I'm leaning to confirmed at this time
One more thing as I know,the new blade will be half price.Not exactly,but pretty much.
Also,we will have a mini one.

Tip:17YxKtDNYWjkhPYTKieh4xSGuyAfL4kJ5o
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June 29, 2013, 11:55:14 AM
 #8736

YES.This is 99.999% true.It was released by rockxie.
About rockxie: https://bitcointalk.org/index.php?topic=217104.msg2559360#msg2559360
Well to be technical the release is credited to rockxie but the post was from FriedFish
Hence the 99.999%
Waits on the 0.001 to celebrate but I'm leaning to confirmed at this time
One more thing as I know,the new blade will be half price.Not exactly,but pretty much.
Also,we will have a mini one.

Is this information in the presentation? How do you know the new blade will be half price?  Mini blade? details?.  Sent you a tip for confirming the translation/providing valuable information... keep it up!

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June 29, 2013, 12:03:39 PM
 #8737

Question: When Friedcat says 800-1000 T this year, does he mean by December 2013? Or does he mean in the next 12 months?
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June 29, 2013, 12:07:50 PM
 #8738

Question: When Friedcat says 800-1000 T this year, does he mean by December 2013? Or does he mean in the next 12 months?

Pretty sure it's December 2013. This number makes perfect sense for December, while 12 months from now is too far for projections.
My 0.02BTC.

Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. 
This makes Monero a better candidate to deserve the term "digital cash".
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June 29, 2013, 12:08:45 PM
 #8739

(namecoin is) the only existing alternative to the ICANN monopoly.

No, there are many, many other ICANN alternatives. They are all useless, just like Namecoin. Why? Because regular people can't access them. It's not reasonable to ask everyone on the entire internet to install plugins if they want to access your domains. Namecoin will never be a serious alternative to DNS.

"Regular people" don't use Bitcoin.  This community is a mecca for early adopters, not "everyone on the entire internet."

How are you any more useful than those saying 'there are many dollar alternatives, they are all useless just like Bitcoin?'  

Also, hidden tor services aren't accessible by everyone.  You need special software to access them.  Yet somehow Silk Road is doing rather well...
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June 29, 2013, 12:10:38 PM
 #8740

Question: When Friedcat says 800-1000 T this year, does he mean by December 2013? Or does he mean in the next 12 months?

I have no idea... but I doubt we will deploy that much.  Previously Asicminer went under the deployment targets... not because we did not have the blades, but because the competition never really... competed.  Deploying too much too soon just makes it harder for us in the long run.  The goal always was 10% of the network, and it has been the norm now for a while to be FAR above that.

I imagine this will mean more hardware sales, which I love, because that is profit NOW instead of having to wait for months of mining.

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