ASICMINER: Entering the Future of ASIC Mining by Inventing It

[Chris_Sabian]

Yeah
The absolute silence from the board is a little weird, in fact their whole role seemed a little hoary. Didn't a few leave the board precisely because they felt left in the dark?

Well there weren't that many board members known publicly to begin with
TAT, Jutarul, that one other guy and that pretty much was it to my knowledge
TAT left not sure about the other guy.

As others have said if Jutarul is not saying anything theirs likely nothing new to report.

TAT was never a board member.  He was the passthrough holder for Bitfunder and Havelock.  TAT got out of the game about a year ago when AM stopped paying dividends.  A smart move for sure.

[1714907791]

1714907791

[1714907791]

1714907791

[1714907791]

1714907791

[TheIZS]

So does nobody wonder what happened to the balances in their AMHash account? I didn't have much but it wasn't ZERO. So they are stealing that too?

[flyingplows]

So does nobody wonder what happened to the balances in their AMHash account? I didn't have much but it wasn't ZERO. So they are stealing that too?

I wondered at least, you can check my posts, but no answer from AM and AMHash just telling they sent everything what's left to AM for some reason...

[ensurance982]

As an aside to the general gloomy topics here, I was considering how the mining/manufacturing  climate has changed changed in the past year..

Can anyone help me building a list of the Current 2015 marketplace for private/public asic availability in the .28 or better realm??

For example:

Companies that have access to a proven functional .28 or better CHIP for Private Use:
Spondoolies, Bitmain, Bitfury, KNC, BFL

Companies that still produce publicly accessible (and shipping) ASIC miners of .28 or better.
Spondoolies; Bitmain.

Any others come quickly to mind?

I guess I don't have to advise you not to buy from BFL, right? Yeah, I guess Spondoolies, Bitmain, and BitFury are the most reliable companies out there at the moment. I was wondering for quite some time, whether maybe the harsh climate in the mining business may have also taken its toll on the price of Bitcoin. I guess a large inflow of people interested in mining and the new ASIC hardware pushed the price up back in 2013...

[ensurance982]

Yeah
The absolute silence from the board is a little weird, in fact their whole role seemed a little hoary. Didn't a few leave the board precisely because they felt left in the dark?

Well there weren't that many board members known publicly to begin with
TAT, Jutarul, that one other guy and that pretty much was it to my knowledge
TAT left not sure about the other guy.

As others have said if Jutarul is not saying anything theirs likely nothing new to report.

TAT was never a board member.  He was the passthrough holder for Bitfunder and Havelock.  TAT got out of the game about a year ago when AM stopped paying dividends.  A smart move for sure.

He wasn't? But with all those passthrough shares, he effectively held the "original" shares! In hindsight it was of course a wise move, but no one could have anticipated that a year ago. Also, I guess it was also due to Havelock not wanting to do business with passthrough operators, anymore. That's why they took over TaT's shares, I guess!

[TheRealSteve]

I guess I don't have to advise you not to buy from BFL, right? Yeah, I guess Spondoolies, Bitmain, and BitFury are the most reliable companies out there at the moment.

Doesn't really matter much if a company is reliable if they don't really have any product to sell; BitFury doesn't really sell anymore (if you want to put together a large mine, anybody's willing to talk business, of course) and Spondoolies is out of stock and changing business models along the same lines.  On the up side, a few other companies may be joining the fray.

[Chris_Sabian]

Yeah
The absolute silence from the board is a little weird, in fact their whole role seemed a little hoary. Didn't a few leave the board precisely because they felt left in the dark?

Well there weren't that many board members known publicly to begin with
TAT, Jutarul, that one other guy and that pretty much was it to my knowledge
TAT left not sure about the other guy.

As others have said if Jutarul is not saying anything theirs likely nothing new to report.

TAT was never a board member.  He was the passthrough holder for Bitfunder and Havelock.  TAT got out of the game about a year ago when AM stopped paying dividends.  A smart move for sure.

He wasn't? But with all those passthrough shares, he effectively held the "original" shares! In hindsight it was of course a wise move, but no one could have anticipated that a year ago. Also, I guess it was also due to Havelock not wanting to do business with passthrough operators, anymore. That's why they took over TaT's shares, I guess!

Correct.  Since TaT was acting as a passthrough and 'holding' ~10,000 direct shares at the time, TaT was able to be a board member in name only since the PT shares didn't have the 'rights' that direct shares had.  I talked with TaT several times on IRC about AM.  I guess during the early days of AM, the board meetings were over Skype video chat.  Around the summer of 2013, FC stopped giving video chats and went only to text chats via Skype.  The dates / information may be a little off as I'm trying to remember detail of conversations that took place a year ago.

[statdude]

and another thing...
has this been verified as the AM wallet held by FC? https://blockchain.info/address/3KBUuGko4H5ke7EVsq9B7PLK1c5Askdd7y

if so has anyone been able to follow the coins?

im looking at it but idk what im doing and get lost pretty quick. there is still 30k btc in it, but plenty moved out right around the bad news....

the majority went to 3KgtbGgaX2ngstNpvyv7LwpHSweVeqGbpM and 3MkwFfGNQDve7vz1z6gUDVxkuQpcSV3Mz8

after that, i have no idea?

Does anyone know what address is 3KgtbGgaX2ngstNpvyv7LwpHSweVeqGbpM?

I have hacked coins that went there.

[dhenson]

Does anyone know what address is 3KgtbGgaX2ngstNpvyv7LwpHSweVeqGbpM?

I have hacked coins that went there.

Looks like an Exchange wallet.  Most likely converted to fiat.

[ensurance982]

Yeah
The absolute silence from the board is a little weird, in fact their whole role seemed a little hoary. Didn't a few leave the board precisely because they felt left in the dark?

Well there weren't that many board members known publicly to begin with
TAT, Jutarul, that one other guy and that pretty much was it to my knowledge
TAT left not sure about the other guy.

As others have said if Jutarul is not saying anything theirs likely nothing new to report.

TAT was never a board member.  He was the passthrough holder for Bitfunder and Havelock.  TAT got out of the game about a year ago when AM stopped paying dividends.  A smart move for sure.

He wasn't? But with all those passthrough shares, he effectively held the "original" shares! In hindsight it was of course a wise move, but no one could have anticipated that a year ago. Also, I guess it was also due to Havelock not wanting to do business with passthrough operators, anymore. That's why they took over TaT's shares, I guess!

Correct.  Since TaT was acting as a passthrough and 'holding' ~10,000 direct shares at the time, TaT was able to be a board member in name only since the PT shares didn't have the 'rights' that direct shares had.  I talked with TaT several times on IRC about AM.  I guess during the early days of AM, the board meetings were over Skype video chat.  Around the summer of 2013, FC stopped giving video chats and went only to text chats via Skype.  The dates / information may be a little off as I'm trying to remember detail of conversations that took place a year ago.

Interesting insight! Yeah, I remember people recounting how they even saw friedcat during the board meetings and maybe even pre-funding phase. That was during a time where he was some kind of mythological creature and the bringer of coins. I guess the decrease in information and communication was indeed a very red flag :/

[pedrog]

Yeah
The absolute silence from the board is a little weird, in fact their whole role seemed a little hoary. Didn't a few leave the board precisely because they felt left in the dark?

Well there weren't that many board members known publicly to begin with
TAT, Jutarul, that one other guy and that pretty much was it to my knowledge
TAT left not sure about the other guy.

As others have said if Jutarul is not saying anything theirs likely nothing new to report.

TAT was never a board member.  He was the passthrough holder for Bitfunder and Havelock.  TAT got out of the game about a year ago when AM stopped paying dividends.  A smart move for sure.

He wasn't? But with all those passthrough shares, he effectively held the "original" shares! In hindsight it was of course a wise move, but no one could have anticipated that a year ago. Also, I guess it was also due to Havelock not wanting to do business with passthrough operators, anymore. That's why they took over TaT's shares, I guess!

He also got burned with the NeoBee scam at that time, he might just want to distantiate himself from all this mess.

[ensurance982]

Yeah
The absolute silence from the board is a little weird, in fact their whole role seemed a little hoary. Didn't a few leave the board precisely because they felt left in the dark?

Well there weren't that many board members known publicly to begin with
TAT, Jutarul, that one other guy and that pretty much was it to my knowledge
TAT left not sure about the other guy.

As others have said if Jutarul is not saying anything theirs likely nothing new to report.

TAT was never a board member.  He was the passthrough holder for Bitfunder and Havelock.  TAT got out of the game about a year ago when AM stopped paying dividends.  A smart move for sure.

He wasn't? But with all those passthrough shares, he effectively held the "original" shares! In hindsight it was of course a wise move, but no one could have anticipated that a year ago. Also, I guess it was also due to Havelock not wanting to do business with passthrough operators, anymore. That's why they took over TaT's shares, I guess!

He also got burned with the NeoBee scam at that time, he might just want to distantiate himself from all this mess.

Who, TaT? How did he actually get burned by NeoBee? Did he invest in there or did he operate some passthrough, as well? The NEOBEE shares on Havelock were direct NeoBee shares, weren't they? The only connection I know of is Bitfunder/Ukyo and NeoBee, they allegedly worked on restoring the BitFunder coins...

[philipma1957]

As an aside to the general gloomy topics here, I was considering how the mining/manufacturing  climate has changed changed in the past year..

Can anyone help me building a list of the Current 2015 marketplace for private/public asic availability in the .28 or better realm??

For example:

Companies that have access to a proven functional .28 or better CHIP for Private Use:
Spondoolies, Bitmain, Bitfury, KNC, BFL

Companies that still produce publicly accessible (and shipping) ASIC miners of .28 or better.
Spondoolies; Bitmain.

Any others come quickly to mind?

avalon 4.1 is sold with warranty from www.ehash.com  


 costly machine very quiet


there are threads on it in hardware .. I am running 2 of them as I type.

[vs3]

Companies that still produce publicly accessible (and shipping) ASIC miners of .28 or better.
Spondoolies; Bitmain.

I would exclude Bitmain as they've said that they currently have no available chips for sale (information as of 4/26).

[cryptojumper]

When I open their website it says everything is out of stock http://www.spondoolies-tech.com/
So nobody produces and ships anything or what? Maybe they are very busy with next gen. I will surely try to mine at home when they launch Antminer S6.

[TheRealSteve]

So nobody produces and ships anything or what? Maybe they are very busy with next gen.

The original poster had a specific set of limitations:
- .28J/Gh chip
- .28J/Gh miner
That eliminates most of them to begin with - if not on the first one (though honestly most developers have only recently been posting fudged numbers on efficiency) then almost certainly on the second one.

But yes, Spondoolies-Tech is out of stock and seems to be in the process of changing their business model - see also the bitcoin shop 'letter of intent' to merge with them.

On the up side, there's other companies trying to fill the void - SFARDS has a new chip coming out, LK Group is planning one, Lightning ASIC may or may not be planning one, 21 Inc may be announcing things, etc.  Unfortunately though, the climate is very much heading towards further consolidation (seem my ranty rant post on that subject), and except for SFARDS none of them have made any positive statements with regard to small scale mining.

[Fordee]

So nobody produces and ships anything or what? Maybe they are very busy with next gen.

The original poster had a specific set of limitations:
- .28J/Gh chip
- .28J/Gh miner
That eliminates most of them to begin with - if not on the first one (though honestly most developers have only recently been posting fudged numbers on efficiency) then almost certainly on the second one.

But yes, Spondoolies-Tech is out of stock and seems to be in the process of changing their business model - see also the bitcoin shop 'letter of intent' to merge with them.

On the up side, there's other companies trying to fill the void - SFARDS has a new chip coming out, LK Group is planning one, Lightning ASIC may or may not be planning one, 21 Inc may be announcing things, etc.  Unfortunately though, the climate is very much heading towards further consolidation (seem my ranty rant post on that subject), and except for SFARDS none of them have made any positive statements with regard to small scale mining.

I was thinking about how the market has condensed..

Essentially if I am correct, within six months the amount of vendors offering ASICs for retail mining sales (consumer availability) will be zero, and power-efficient mining (chips of .28nm or smaller) will be solely in the hands of large centralized parties...

Hash rate will stagnate and rhe major entities will hold status quo until the next halving... Then without major asic breakthroughs in efficiency we will probably see some major players drop out or unplug. 

Power draws don't drop exponentially, but costs of smaller and smaller masks/designs do escalate.. and the halving will alter running costs dramatically.

I envision 2016-17 as a battleground where the 'Bitcoin Network' essentially is owned by 5-6 Large entities who control the majority of the hash rate...and therefore collect most of the mining fees... The new world conglomerates if you will.

Any new entrants who even try to compete will need a competing design and +$10-20Million just to start playing the Asic game...and a lot of coins to capture at 12/block just to break even.

End Game.

This is why I supported AsicMiner....as Friedcat vision was to keep it decentralized... Now that he's gone, and private people can't own a share in a future mining conglomerate, all we can hope for is to buy/hold/use bitcoin itself.

[bones]

Not that it does much good discusing it now, and the only man who could answer is not here to do so.
But why did Friedcat not come clean and seek crowdfunding?
I would have rathered go double or nothing and find some cash to throw in and save the company by making the chips.
We might of had to dilute shares, but anything would be better than this sorry mess.

[BitThink]

So nobody produces and ships anything or what? Maybe they are very busy with next gen.

The original poster had a specific set of limitations:
- .28J/Gh chip
- .28J/Gh miner
That eliminates most of them to begin with - if not on the first one (though honestly most developers have only recently been posting fudged numbers on efficiency) then almost certainly on the second one.

But yes, Spondoolies-Tech is out of stock and seems to be in the process of changing their business model - see also the bitcoin shop 'letter of intent' to merge with them.

On the up side, there's other companies trying to fill the void - SFARDS has a new chip coming out, LK Group is planning one, Lightning ASIC may or may not be planning one, 21 Inc may be announcing things, etc.  Unfortunately though, the climate is very much heading towards further consolidation (seem my ranty rant post on that subject), and except for SFARDS none of them have made any positive statements with regard to small scale mining.

I was thinking about how the market has condensed..

Essentially if I am correct, within six months the amount of vendors offering ASICs for retail mining sales (consumer availability) will be zero, and power-efficient mining (chips of .28nm or smaller) will be solely in the hands of large centralized parties...

Hash rate will stagnate and rhe major entities will hold status quo until the next halving... Then without major asic breakthroughs in efficiency we will probably see some major players drop out or unplug. 

Power draws don't drop exponentially, but costs of smaller and smaller masks/designs do escalate.. and the halving will alter running costs dramatically.

I envision 2016-17 as a battleground where the 'Bitcoin Network' essentially is owned by 5-6 Large entities who control the majority of the hash rate...and therefore collect most of the mining fees... The new world conglomerates if you will.

Any new entrants who even try to compete will need a competing design and +$10-20Million just to start playing the Asic game...and a lot of coins to capture at 12/block just to break even.

End Game.

This is why I supported AsicMiner....as Friedcat vision was to keep it decentralized... Now that he's gone, and private people can't own a share in a future mining conglomerate, all we can hope for is to buy/hold/use bitcoin itself.

As long as there's no one entity can control the whole network, it is decentralized.

[bkminer]

I will have to say that AM (Bitquan and the AMHash guys) is not a scam. I went to the AMHash website which is almost gone now and they said they sent all data to AM. I sent another email asking for information and right after I sent it I noticed that the bitcoin address that was associated with AMHash had received the outstanding dividend amount. So I quickly sent another email thanking them.

At least one good note in this mess. And I will say I was sad to sell my AM shares...

EDIT: the date on the transaction was Yesterday so I was a bit embarrassed I missed it before I sent the email.