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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3899743 times)
Dexter770221
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January 25, 2015, 05:13:39 PM
 #25101

Yeah, but anyone seen these chips? Any tests? Where to buy miners? Where to buy shares of bitfury...
Oh wait...

Under development Modular UPGRADEABLE Miner (MUM). Looking for investors.
Changing one PCB with screwdriver and you have brand new miner in hand... Plug&Play, scalable from one module to thousands.
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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Blazed
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January 25, 2015, 05:22:04 PM
 #25102

Yeah, but anyone seen these chips? Any tests? Where to buy miners? Where to buy shares of bitfury...
Oh wait...

They have no reason to show them since they do not have too.
HarmonLi
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January 25, 2015, 06:32:03 PM
 #25103

Well, bitfury does have great chips, it seems. And they seem to know how to run a decent operation. But this is in no ways impeding AM from grabbing their own share of the pie. I'm still very confident the final BE300 chip will do just fine!

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January 25, 2015, 06:43:23 PM
 #25104

Well, bitfury does have great chips, it seems. And they seem to know how to run a decent operation. But this is in no ways impeding AM from grabbing their own share of the pie. I'm still very confident the final BE300 chip will do just fine!

It will be interesting if AM does indeed have a killer chip on their hands.
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January 25, 2015, 06:47:14 PM
 #25105

Man, I also just want an update on the BE300 chip. It's already 1.5 months that we last heard about the BE300s chip from FC. But I guess he's very busy selling the last BE200 chips in form of the Prisma 2.0 miners. And he will also be waiting for the first BE300 chips to arrive, I guess...

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January 25, 2015, 10:06:35 PM
 #25106

....
It's already 1.5 months that we last heard about the BE300s chip from FC.
....
1 week is not 1.5 months...
https://bitcointalk.org/index.php?topic=888260.msg10192849#msg10192849

Under development Modular UPGRADEABLE Miner (MUM). Looking for investors.
Changing one PCB with screwdriver and you have brand new miner in hand... Plug&Play, scalable from one module to thousands.
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January 25, 2015, 10:11:48 PM
 #25107

They have no reason to show them since they do not have too.

Yes, that's true. And thats why they can say what they want. Even if it's not true...

Under development Modular UPGRADEABLE Miner (MUM). Looking for investors.
Changing one PCB with screwdriver and you have brand new miner in hand... Plug&Play, scalable from one module to thousands.
irritant
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January 25, 2015, 10:32:08 PM
 #25108

no word on the Allied deal with Bitfury, what happened to the AM deal with Allied Control?
Whtwabbit
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January 25, 2015, 10:45:51 PM
 #25109

no word on the Allied deal with Bitfury, what happened to the AM deal with Allied Control?

The secret beginnings of a Bitcoin mining cartel?


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Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
Buy and sell XMR near you
P2P Exchange Network
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Kipsy89
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January 26, 2015, 11:27:02 AM
 #25110

....
It's already 1.5 months that we last heard about the BE300s chip from FC.
....
1 week is not 1.5 months...
https://bitcointalk.org/index.php?topic=888260.msg10192849#msg10192849

Yeah, but nothing about the schedule of the final BE300 design. Especially since the consumption of the 24 chip board was slightly worse. But people keep saying that was expected and nothing to be too worried about.

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January 26, 2015, 11:44:03 AM
 #25111

Q: We choose to share both the risks and the profits to investors willing to take them.

Hi friendcat,

At long last, your loyal early investors at the Carnth's MININGCO.ETF need to take their share of the profit.

Unfortunately we cannot do this until you transfer the shares to their new owner.

We are happy you are so busy with fame and fortune, but we have been waiting for 6 weeks.  Please do it now!

Thanks,

iCEBREAKER (on behalf of all MININGCO.ETF investors)

PS  If you could also transfer my personal shares to the new address I send via PM, that would also be appreciated.   Grin

I sent the Signed transfer for AM shares to firedcat back on Dec 8.
I haven't heard anything about AM since then.


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Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
Buy and sell XMR near you
P2P Exchange Network
Buy XMR with fiat
Is Dash a scam?
Swordsoffreedom
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January 26, 2015, 11:47:52 AM
 #25112

Q: We choose to share both the risks and the profits to investors willing to take them.

Hi friendcat,

At long last, your loyal early investors at the Carnth's MININGCO.ETF need to take their share of the profit.

Unfortunately we cannot do this until you transfer the shares to their new owner.

We are happy you are so busy with fame and fortune, but we have been waiting for 6 weeks.  Please do it now!

Thanks,

iCEBREAKER (on behalf of all MININGCO.ETF investors)

PS  If you could also transfer my personal shares to the new address I send via PM, that would also be appreciated.   Grin

I sent the Signed transfer for AM shares to firedcat back on Dec 8.
I haven't heard anything about AM since then.

Wow that has been one long asset liquidation back from the BTCT and Bitfunder days
Glad to hear its almost resolved and helpful post to the front of this page in case Friedcat skims this thread ^^.

 
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Mabsark
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January 26, 2015, 01:31:06 PM
 #25113

Well, bitfury does have great chips, it seems. And they seem to know how to run a decent operation. But this is in no ways impeding AM from grabbing their own share of the pie. I'm still very confident the final BE300 chip will do just fine!

From the information we have available, it would suggest AM will be first out with products based on the next gen ASICs. With bitcoin price picking up again, AM stand a very good chance of selling a lot of hashing power before the competition's ASICs are even available.
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January 26, 2015, 01:43:19 PM
 #25114

Someone seems to be buying some more shares on Havelock. Not that many, but still makes me wonder whether someone knows something. But I guess that 100 shares bid wall is simply the bot, again...

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January 26, 2015, 01:57:51 PM
 #25115

Well, bitfury does have great chips, it seems. And they seem to know how to run a decent operation. But this is in no ways impeding AM from grabbing their own share of the pie. I'm still very confident the final BE300 chip will do just fine!

From the information we have available, it would suggest AM will be first out with products based on the next gen ASICs. With bitcoin price picking up again, AM stand a very good chance of selling a lot of hashing power before the competition's ASICs are even available.

I would think via AMHash they could do pretty well indeed. I am pretty skeptical if they are going to try and sell physical miners again though. I guess we will see once Friendcat decides on his game plan.
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January 26, 2015, 02:19:26 PM
Last edit: January 26, 2015, 02:43:30 PM by Mabsark
 #25116

I would think via AMHash they could do pretty well indeed. I am pretty skeptical if they are going to try and sell physical miners again though. I guess we will see once Friendcat decides on his game plan.

With cloud mining contracts being more profitable and less hassle for AM as well as most customers, and previous comments from AM about cloud mining, I'd expect them to put the miners to self-mining, sell miners during the process of setting up the farms, then sell cloud mining contracts once the farms are up and running. Seems like the most logical course of action to me.

There's no point having hashing power sitting on the shelves doing nothing.
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January 26, 2015, 02:39:57 PM
 #25117

I would think via AMHash they could do pretty well indeed. I am pretty skeptical if they are going to try and sell physical miners again though. I guess we will see once Friendcat decides on his game plan.

With cloud mining contracts being more profitable and less hassle for AM as well as most customers, and previous comments from AM about cloud mining, I'd expect them to put the miners to self-mining, sell miners during the process of setting up the farms, then sell cloud mining contracts once the farms are up and running. Seems like the most logical course of action to me.

There's no point having hashing power sitting on the shelves doing nothing.

Offering cloud mining seems to be a win-win situation. They could build a huge amount of hardware, instantly deploy it, no shipping, not returning faulty miners, etc...
If they don't sell the hash rate, they can just self-mine with it. Every GH/s sold is money directly available for divs or re-investment into the operation. It's incredible!

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January 26, 2015, 02:44:18 PM
Last edit: January 26, 2015, 03:07:33 PM by Mabsark
 #25118

I was just checking the price on Havelock. AMHash is currently selling for 0.00104998 BTC and AM100 is currently selling for 0.00092990 BTC. Given that an AM100 share is a 1/40000000 share of AM, we could say that 1 Gh of AMHash is valued about the same as 1/40000000 share of AM. That in turn would value AM at around 4 Ph/s which is funny because AMHash has 5 Ph/s itself.

Just thought that was an interesting observation. Smiley

Edit: As pointed out, that would be 40 Ph/s not 4 Ph/s.
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January 26, 2015, 02:53:17 PM
 #25119

I was just checking the price on Havelock. AMHash is currently selling for 0.00104998 BTC and AM100 is currently selling for 0.00092990 BTC. Given that an AM100 share is a 1/40000000 share of AM, we could say that 1 Gh of AMHash is valued about the same as 1/40000000 share of AM. That in turn would value AM at around 4 Ph/s which is funny because AMHash has 5 Ph/s itself.

Just thought that was an interesting observation. Smiley

Yeah but the BTC being mined by AMHASH are obliged to be payed out to the shareholders of the AMHASH contract. Holding shares of AM just gives us rights to the "profits" - whatever those may be in the future. AMHASH is merely a product. But I agree that AM should get in the game of self-mining big time again!

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January 26, 2015, 02:54:14 PM
 #25120

You forgot a zero - 40 PH/s (AM valued at)
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