ASICMINER: Entering the Future of ASIC Mining by Inventing It

[romerun]

cex is a about to stop mining. Is this the plan of FC to drive out all competitors ?

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[jjdub7]

So...this price crash that's happening down to $253.11 on Stamp...this friedcat pulling a lil extra fiat capital or...

If so...lulz how many gen4's are they cranking out?!

[freedomno1]

So...this price crash that's happening down to $253.11 on Stamp...this friedcat pulling a lil extra fiat capital or...

If so...lulz how many gen4's are they cranking out?!

Well with the bitcoin price dropping an all cash strategy doesn't sound too bad unless they can get their costs down significantly or efficiency up production is still price sensitive.
Then again the time it takes to manufacture new miners and how long it would take till the next bunch of wafers makes that a bit risky as well.

[HarmonLi]

I don't know about you guys, but AMHASH mining still seems to be profitable, thus AM seems to be able to mine at a profit still. I take that as the one good thing this day has brought us.

[Dexter770221]

I don't know about you guys, but AMHASH mining still seems to be profitable, thus AM seems to be able to mine at a profit still. I take that as the one good thing this day has brought us.

And will be for some time, 0.05$/kWh (or maybe even lower) will be profitable even at 100$/BTC. And those Tubes that works for AMHASH mine are not so efficient as Gen4 hardware will be. AMHASHv2.0 with Gen4 hardware will be a success for sure.

[Chalkbot]

I don't know about you guys, but AMHASH mining still seems to be profitable, thus AM seems to be able to mine at a profit still. I take that as the one good thing this day has brought us.

And will be for some time, 0.05$/kWh (or maybe even lower) will be profitable even at 100$/BTC. And those Tubes that works for AMHASH mine are not so efficient as Gen4 hardware will be. AMHASHv2.0 with Gen4 hardware will be a success for sure.

Is $0.05/kWh from an official source? What do the numbers look like at, say, $0.13/kWh?

[Dexter770221]

....
Is $0.05/kWh from an official source? What do the numbers look like at, say, $0.13/kWh?

Electricity and maintenance fee of AMHASH is 1.551$/TH/day. AMHASH runs Tubes with efficiency ~1W/GH that means 1TH will eat up ~24kWh/day = 1.551/24 = 0.064$/hour. That's electricity and maintenance, so you can bet that electricity alone is 0.05$ or less.
At 0.13$/kWh electricity eats up all BTC from mining (at current diff and 230$/BTC price)

[Chalkbot]

....
Is $0.05/kWh from an official source? What do the numbers look like at, say, $0.13/kWh?

Electricity and maintenance fee of AMHASH is 1.551$/TH/day. AMHASH runs Tubes with efficiency ~1W/GH that means 1TH will eat up ~24kWh/day = 1.551/24 = 0.064$/hour. That's electricity and maintenance, so you can bet that electricity alone is 0.05$ or less.
At 0.13$/kWh electricity eats up all BTC from mining (at current diff and 230$/BTC price)

Thanks. That's good info. Where the hell is AMHASH getting electricity that cheap?

Also, you're right. If this is true, many of these miners that can't match that efficiency and/or low electricity cost are going to get forced out. If Gen 4 pans out and really is paid for already (as some have chosen to believe), there's little standing in the way of AM reclaiming large percentage of marketshare in 2015.

[Chris_Sabian]

With the dropping bitcoin price and difficulty pretty much stagnate since early November, let's hope the AM can deliver the already paid for gen 4 with massive self mining.

Also, how many other companies are going to begin research  / tape-out on a new ASIC when the dropping prices?

 

[Sine(X)]

....
Is $0.05/kWh from an official source? What do the numbers look like at, say, $0.13/kWh?

Electricity and maintenance fee of AMHASH is 1.551$/TH/day. AMHASH runs Tubes with efficiency ~1W/GH that means 1TH will eat up ~24kWh/day = 1.551/24 = 0.064$/hour. That's electricity and maintenance, so you can bet that electricity alone is 0.05$ or less.
At 0.13$/kWh electricity eats up all BTC from mining (at current diff and 230$/BTC price)

You are right, I believe in price even less then 0.04$/kwh. Is this electricity may be legal? Likely not.

[atomicchaos]

So you're saying a site paying .05 kwh would be profitable mining bitcoin on a large scale?

I just closed down a Scrypt mining operation in a space in the states running at .048 kw/h plus some taxes, that bring it closer to .06 kw/h. Had 400 amp 3 phase service too. :\

Hmm.

[Mabsark]

From the AMHash website:

Higher ROI

AMHash has a low cost on both initial price and maintenance fee.The maintenance is only $1.633 per day per TH,which equals to $0.07/kwh.

The fee has been lowered to $1.551/DAY/TH now though.

[freedomno1]

Hmm Rockminer Operations are halting so that is interesting to note

https://bitcointalk.org/index.php?topic=528464.400;topicseen

ROCKMINER shares buy back plan

Dear Shareholders,

Thank you for supporting ROCKMINER for so long term, in the past months,we designed, produced and sold thousands of miners.
RM can never be a recognized company in community, and running for so long without your investments and help.
I know you are disappointed with this situation, and feel angry about loss of money.However, as we know, BTC miners producers have suffered a long downturn term for BTC price going down in past year, lots of manufactories bankrupted as we know.
We did try our best to run the company, I still remember the first two and three months, we worked from day to night for the designing ,producing and selling, we were excited for first product R-BOX made out.Our team became a professional miners producer after months.
We were planned to save the remaining capitals for future producing investment, but after time passed and market situation changed, we don’t think we have the capacity of producing new miners in next months, because we don’t have chips and costs excluding chips still very high.
Whatever, we still feel very sorry about what ROCKMINER experienced ,and we plan to use 90%+ company capital to buy back all public shares to reduce investors loss.

Etc.

ROCKMINER will not quit  BTC industry, and will try our best to survive,such as lower salary, fire some employees.The best thing is finding some new investors, we don’t think there was someone who will do this,considering current market situation,

Sincerely,
ROCKMINER Team

[Mabsark]

Hashnest just bowed out of the bitcoin cloud mining game too. That basically leaves AMHash and Bit-x, and Bit-x is running on fumes at this point.

[ANN] Jan 14th, 2014 - Umisoo, ANTS2, & ANTS3 Hardware Powered Off

Today, at 08:05 GMT, all Hashnest Umisoo, ANTS2, & ANTS3 units were powered off, as their maintenance fee became higher than their payout. This procedure was previously outlined in this post https://forum.bitmain.com/bbs/topics/969. At the moment, we are examining the situation to determine what further action will be taken. We will be doing our best to keep you updated with the latest information. As long as the machines are switched off, there will be no new revenue payments from these machines. Further, we will collect no maintenance fee on the Umisoo, ANTS2, and ANTS3 during this time.

Note: GH/s trading for these units will continue as normal. Users may still buy or sell mining contracts for the Umisoo, ANTS2, and ANTS3 during this time.

[HarmonLi]

Wow.... like the flies! What's that buying pressure on Havelock? Do you think it's merely the chance of buying some cheap shares due to the decrease in BTC price? Or again inside knowledge from Board members or industry partners like we've seen with the announcement of the successful BE300s tests?

[ujka]

Wow.... like the flies! What's that buying pressure on Havelock? Do you think it's merely the chance of buying some cheap shares due to the decrease in BTC price? Or again inside knowledge from Board members or industry partners like we've seen with the announcement of the successful BE300s tests?

A board member wouldn't risk (or care, they have thousands of shares) buying a hundred or two of shares on Havelock based on inside knowledge. Maybe some guy at packaging, or assembly, or something.
But definitely, that buying before the BE300s tests must have been on inside knowledge.

[prancing_around]

What is the standard process when transferring direct shares to havelock? I did what was said on Havelock and emailed both of the parties but have not received any response in about 3 days. Is that typical? I know it says to wait up to 9 days for the transfer but I was wondering if it's normal to not get any sort of reply at all.

[HarmonLi]

Wow.... like the flies! What's that buying pressure on Havelock? Do you think it's merely the chance of buying some cheap shares due to the decrease in BTC price? Or again inside knowledge from Board members or industry partners like we've seen with the announcement of the successful BE300s tests?

A board member wouldn't risk (or care, they have thousands of shares) buying a hundred or two of shares on Havelock based on inside knowledge. Maybe some guy at packaging, or assembly, or something.
But definitely, that buying before the BE300s tests must have been on inside knowledge.

Yeah that was very strange, I mean it happened literally 1 or 2 days before the announcement and the chips weren't supposed to arrive for another week or so, so it couldn't have been pure anticipation I guess.

[Chris_Sabian]

Wow.... like the flies! What's that buying pressure on Havelock? Do you think it's merely the chance of buying some cheap shares due to the decrease in BTC price? Or again inside knowledge from Board members or industry partners like we've seen with the announcement of the successful BE300s tests?

A board member wouldn't risk (or care, they have thousands of shares) buying a hundred or two of shares on Havelock based on inside knowledge. Maybe some guy at packaging, or assembly, or something.
But definitely, that buying before the BE300s tests must have been on inside knowledge.

Yeah that was very strange, I mean it happened literally 1 or 2 days before the announcement and the chips weren't supposed to arrive for another week or so, so it couldn't have been pure anticipation I guess.

Since AM has the most efficient chip on the market (please correct me if I'm wrong), AM may be able to use the strong bear market as an advantage to regain a larger portion of network hashrate.

[benm]

Wow.... like the flies! What's that buying pressure on Havelock? Do you think it's merely the chance of buying some cheap shares due to the decrease in BTC price? Or again inside knowledge from Board members or industry partners like we've seen with the announcement of the successful BE300s tests?

A board member wouldn't risk (or care, they have thousands of shares) buying a hundred or two of shares on Havelock based on inside knowledge. Maybe some guy at packaging, or assembly, or something.
But definitely, that buying before the BE300s tests must have been on inside knowledge.

Yeah that was very strange, I mean it happened literally 1 or 2 days before the announcement and the chips weren't supposed to arrive for another week or so, so it couldn't have been pure anticipation I guess.

There is a bot on Havelock that does some market-making, and it occasionally juggles its position from the buy side to the sell side and vice-versa. There is even speculation that it buys/sells into itself to manipulate prices.

You can see the market-making in action by placing a sell order lower than the current ask price, or a buy order higher than the current bid price - even by 1 satoshi. Within a minute, the order that you covered in the orderbook will be canceled and replaced with a new order that differs from yours by about 1 satoshi.

You can see that the market maker is also the whale that moves shares back and forth by looking at the timestamps on bids/asks in the orderbook. Do you think it's just a coincidence that the 250 share bid order and the bid order at the spread were both placed within the same minute?

If you watch the orderbook you can pick out other behaviors that point to a lot of the orders on both sides of the book being controlled by the same party. For example, the bot won't over-bid or under-ask itself, and it maintains open orders at several different bid/ask prices. You can put in a bid in the middle of the book and slowly increment it, then watch which orders keep following yours, then cancel yours and watch the follower drop back down to its initial bid, even though you may have outbid a couple other orders on the way - the bot doesn't care to bid over those orders, most likely because those bids are also orders belonging to the bot.