ASICMINER: Entering the Future of ASIC Mining by Inventing It

[elasticband]

Can we all agree to not respond to notlambchop?

He's just desperate for attention, stop giving it to him and he will find something better to do with his life.

He is obviously the most manic out of everyone is these threads, which says to me he's invested and feeling out of pocket......... poor little lamchop

oh an the fact he shorts f BTC and is probably sitting with a margin call looming when we boost up into the 300's late next week, he's fucking pissed at himself more than anything

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[NotLambchop]

...
BE300S is the 28nm sample chip. BE300 would be the retail chip which should have been getting produced now (Feb-March). Nobody is selling it yet.

Oic!  So the miracle chip could be anything from hand-binned zero-yield fuckup to yet another fairy tale?  Huh.  Guess I better take back everything I ever said about AM's continuing descent into fail & lies

@elasticband re. "invested and feeling out of pocket":  hell yeah, i listened to you guys and dimed out mom's CC to invest in this moneymaker.  I sure hope divs pick up & prices skyrocket before she finds out, 'cos she's gonna get so mad & kick me out of her basement maybe even
U guys still super sure we're all gonna be srsly rich, right?
It's all gunna work out, just like with HashFast, right?
Guys???

[btct22]

Am I reading that right?  It's either $1.25 per chip, or pay $200,000,000 and save $0.26 per chip?

[elasticband]

Am I reading that right?  It's either $1.25 per chip, or pay $200,000,000 and save $0.26 per chip?

$1.25 or pay 200$M upfront plus $0.99 per chip?

[NotLambchop]

^I'm reading it thusly:

.@MrTeal thanks, just assumed these had to be in production & selling like hotcakes, since Mobsark flaunted this chip as proof that AM was hugely successful lately.

BE100 - Major success
BE200 - Failure
BE300S - Better than anything currently available

*Guess I misinterpreted "anything currently available" as "available from the competition."  Mobsark clearly meant "currently available," period.
The chip simply doesn't exist

[laustcozz]

http://bikeji-pic.b0.upaiyun.com/uploads/upyun_image_asset/39/139/b008d4cb1b0.jpg

Why do people with apparent inside knowledge trickle out tiny little bits?  What the hell is this?  Is it something that you received from an AM employee today?  A handout from a meeting months ago?  Something you printed at home because you were bored?

Posting a tidbit of information with no sourcing or context is infuriatingly useless.

[topminingcontracts]

Am I reading that right?  It's either $1.25 per chip, or pay $200,000,000 and save $0.26 per chip?

$1.25 or pay 200$M upfront plus $0.99 per chip?

Well considering the BE300 numbers are real.

Is a cost of $0.23 per GH for the Miner

Lets compare to SP20 at UnderClock or S5 miners that exist for some months.

SP20 list price for 50 units including shipping is $366 lets say $30 is shipping cost list price with no discounts shipping not included is $336 an SP20 at 1.2 TH uses 0.49W per GH and the cos is $0.28 per GH without any volume discount for a large order.

Production time 3 Month.

A conservative difficulty estimation for 3 months is 15%

$0.23 x 1.15  = $0.26 today.

Also even if we can be optimistic there is a risk involved in the investment in a chip that does is not widely tested and/or lower than expected performance.

There is an interesting efficiency improvement but not tested or proven yet.

In my personal opinion this BE300 is ok but is not a good deal at all and I doubt will rise private pre-orders or other financing options with those numbers, the reward is to low for the involved risk.

If BE300 is what that paper says I think is the end of AM unless a big change in market conditions.

Regards

Juan

[MrTeal]

Maybe that's a French mille? $200,000,000 is just outside the realm of possibility.

[FUR11]

Am I reading that right?  It's either $1.25 per chip, or pay $200,000,000 and save $0.26 per chip?

I don't think it is $200M - that would be too much. I think $200k would be more realistic, maybe money needed for a second mask set or something. Or some sort of volume discount...

[Tigggger]

Now why would the guy who earned tens of thousands of btc legitimately want to scam people for a measly 1700 btc?

Oh a measly 1/2 million dollars, yeah who'd bother <end sarcasm>

[Mabsark]

That $200M figure could just be the price quoted by TSMC for a bulk discount. Bitcoin ASIC production is pretty insignificant when compared to the number of chips produced by AMD, Apple, etc.

[Blazed]

I will believe it when they ship...kind of hard to trust them otherwise. AM is not known for their transparency that is for sure.

[NotLambchop]

Maybe that's a French mille? $200,000,000 is just outside the realm of possibility.

Or is it?

[laustcozz]

I don't think it is $200M - that would be too much.

Yeah, Quadrupling Producing 20x the current network hash rate just to break even seems like it is probably a bad idea.

[topminingcontracts]

Maybe that's a French mille? $200,000,000 is just outside the realm of possibility.

Or is it?

Total network HashRate today is 320 PH (aprox.) if the cost today per GH is average 0.30, 100% of the network is u$s 160.000.000, if is $200.000.000.- is not doable. In the other hand $200.000.- is insignificant for TSMC so does not make sense also.

I bet for 20 Million but anyway 20 million is not a realistic number for a chip of this characteristics.

Juan

[Newar]

Maybe that's a French mille? $200,000,000 is just outside the realm of possibility.

Hong Kong Dollar? USD 25,780,900
Taiwan Dollar? USD 6,321,410

[BtcLtcNmc]

This dodgy auction https://bitcointalk.org/index.php?topic=932445.msg10252285#msg10252285  was probably a final push for getting as much coin as possible before the exit.    Now we're getting fed bullshit from a number of other users as a cover up.

He could have easily made a lot more money by e.g. announcing BE300 miners with <0.2W/GH/s performance and taking mass pre-orders (resellers would have bought them).

Good point! And FC has already spent a lot of money on the BE300 chip, why should he do that if he's a scammer?

[BtcLtcNmc]

Could you tell us where you got this document? Pls!

[Swimmer63]

...
AM paid out just over 0.6 BTC in divs from BE100. The shares cost 0.1 BTC each. Like I said, BE100 was a major success.

Ahh, so folks weren't surprised that, after buying shares @(what was it, like 4BTC?) that the divs were going to stop & share price tank?
This was all expected, right?
Well shit, I don't see why those ingrates are whining-- Anon known as friedcat is simply taking a well-deserved lunar new year/Kwanzaa vocation thingy.

In the alternative, perhaps folks are just trying to find friedcat to return what he clearly overpaid in dividends?  Could that be it?  I mean, he, like, overpaid by 500%, amirite?

Stop wasting space on this thread. You are pollution and add nothing but ignorance. Ignored.

[MrTeal]

Maybe that's a French mille? $200,000,000 is just outside the realm of possibility.

Hong Kong Dollar? USD 25,780,900
Taiwan Dollar? USD 6,321,410

Maybe, but that would make the chip cost $0.16 for a 6GH/s chip, or $0.04. The market is tough right now, but $0.027 to $0.007 per GH/s for chips seems low.
Regardless, either way at $1.25 for chips vs $200M and $0.99/chip, regardless of the currency you would need to order 770 millions chips to break even vs ordering singles. That's 4615PH/s worth.

That $200M figure could just be the price quoted by TSMC for a bulk discount. Bitcoin ASIC production is pretty insignificant when compared to the number of chips produced by AMD, Apple, etc.

$200M is a pretty significant amount, even for TMSC. That's a full 1% of their entire 2013 revenue. It's a little more than a bulk discount threshold.