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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3874135 times)
friedcat
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January 24, 2013, 02:20:18 PM
 #1321

Update

All confirmations including GLBSE-only ones (who haven't claimed to us) have been sent. For shareholders who haven't received any, please check your spam folder, and report to us if you still couldn't find them.

Well, now that Avalon apparently shipped, would you like to give an estimate on when we start hashing and how many TH/s are we looking at?
Considering the yield rate (including chips themselves, assembling, and other uncertainties) and the overclocking opportunity we are looking at over 10TH/s and under 12TH/s for the whole first batch and sixfold for the second.

[quote bitcoinmagazine]
Normally, computer chip manufacturing facilities produce a “yield” of 95% – that is, less than 5% of the chips that come out of the foundry are imperfect in some way. For ASICMiner’s chip production, the company’s customer service representative reported, the number of failed chips is as high as 30%. In theory, all this means is that the manufacturer will need to make 43% more chips to compensate, but the abnormality hints at the possibility of other problems to come.
[/quote]
We have to make clear that that we have said was that our fab considers <1/3 failed rate as OK and they won't take responsibility, which is their bottom line. The reality is that our yield rate also >95%. The whole number of chips were less than what we expected was caused by the MLM typed process used for making our masks utilizes less area than a full mask.

I'm beginning to be really curious as to what the hold up is. Proper way to do this is to plan ahead, and plan for errors also.

Has something come up?
Why was hardware ordered after chips and boards arrived?
Haven't any mechanical CAD or thermal analysis been done?

Hope your update is open and detailed. There's no need to keep any secrets at this point.
1. No surprising things has come up. The real hold up is that we are meeting the delay of the assembly service which is an automated process which is practically hard to "push".
2. Because we have made many adjustments on the heat solution during the last few weeks and negated many as improper ones for bulk-ordering. They are done in parallel with the first the (mass) packaging of chips and then the (mass) production of pcbs so this was not the part that wasted time.
3. Yes. But we ordered them after the physical tests are done.

Framing is important, so let me ask it like this:
Freidcat, would you please post an brief note on what the current status of the project is and when the next milestone worth announcing will happen? Thanks!
The current status is that in estimation we will be delayed by about 2 weeks in total compared to what we projected when the chips arrive. That is early Feb, before the CNY vacation comes. The next "real" milestone worth announcing is that we start hashing in our workshop, but before that we will also keep you updated.

It was a perfect moment to start, but it seems there are no mining rigs ready yet.... Guess we have to wait till Friedcats update in a couple of hours to hear where they stand at the moment.....
No, not ready yet. Whenever they are ready we couldn't wait till a "regular" update time to announce it...

We are sorry to shareholders that we are now >2-month delayed against the original plan. (Late Dec. against Late Oct. to get the chips, plus 4-5 weeks against 2-3 weeks to fully deploy). The status are resulted in by a mix of our optimistic projection, our conservative action and our un-developed relation in the electric manufacturing field. Thanks again for all shareholders' patience and we will keep the track of deploying, and improve our timeline with the lessons of this time in our later products.

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DutchBrat
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January 24, 2013, 02:39:04 PM
 #1322

Thanks for the update !

Now that all the share confirmations have been sent out, when do you project the shares will start trading on the new platform?
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January 24, 2013, 02:41:37 PM
 #1323

Update

All confirmations including GLBSE-only ones (who haven't claimed to us) have been sent. For shareholders who haven't received any, please check your spam folder, and report to us if you still couldn't find them.

Well, now that Avalon apparently shipped, would you like to give an estimate on when we start hashing and how many TH/s are we looking at?
Considering the yield rate (including chips themselves, assembling, and other uncertainties) and the overclocking opportunity we are looking at over 10TH/s and under 12TH/s for the whole first batch and sixfold for the second.

Quote from: bitcoinmagazine
Normally, computer chip manufacturing facilities produce a “yield” of 95% – that is, less than 5% of the chips that come out of the foundry are imperfect in some way. For ASICMiner’s chip production, the company’s customer service representative reported, the number of failed chips is as high as 30%. In theory, all this means is that the manufacturer will need to make 43% more chips to compensate, but the abnormality hints at the possibility of other problems to come.
We have to make clear that that we have said was that our fab considers <1/3 failed rate as OK and they won't take responsibility, which is their bottom line. The reality is that our yield rate also >95%. The whole number of chips were less than what we expected was caused by the MLM typed process used for making our masks utilizes less area than a full mask.

I'm beginning to be really curious as to what the hold up is. Proper way to do this is to plan ahead, and plan for errors also.

Has something come up?
Why was hardware ordered after chips and boards arrived?
Haven't any mechanical CAD or thermal analysis been done?

Hope your update is open and detailed. There's no need to keep any secrets at this point.
1. No surprising things has come up. The real hold up is that we are meeting the delay of the assembly service which is an automated process which is practically hard to "push".
2. Because we have made many adjustments on the heat solution during the last few weeks and negated many as improper ones for bulk-ordering. They are done in parallel with the first the (mass) packaging of chips and then the (mass) production of pcbs so this was not the part that wasted time.
3. Yes. But we ordered them after the physical tests are done.

Framing is important, so let me ask it like this:
Freidcat, would you please post an brief note on what the current status of the project is and when the next milestone worth announcing will happen? Thanks!
The current status is that in estimation we will be delayed by about 2 weeks in total compared to what we projected when the chips arrive. That is early Feb, before the CNY vacation comes. The next "real" milestone worth announcing is that we start hashing in our workshop, but before that we will also keep you updated.

It was a perfect moment to start, but it seems there are no mining rigs ready yet.... Guess we have to wait till Friedcats update in a couple of hours to hear where they stand at the moment.....
No, not ready yet. Whenever they are ready we couldn't wait till a "regular" update time to announce it...

We are sorry to shareholders that we are now >2-month delayed against the original plan. (Late Dec. against Late Oct. to get the chips, plus 4-5 weeks against 2-3 weeks to fully deploy). The status are resulted in by a mix of our optimistic projection, our conservative action and our un-developed relation in the electric manufacturing field. Thanks again for all shareholders' patience and we will keep the track of deploying, and improve our timeline with the lessons of this time in our later products.

Thanx for the nice update. Keep up with the good work!

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January 24, 2013, 02:50:42 PM
 #1324

We are sorry to shareholders that we are now >2-month delayed against the original plan. (Late Dec. against Late Oct. to get the chips, plus 4-5 weeks against 2-3 weeks to fully deploy). The status are resulted in by a mix of our optimistic projection, our conservative action and our un-developed relation in the electric manufacturing field. Thanks again for all shareholders' patience and we will keep the track of deploying, and improve our timeline with the lessons of this time in our later products.

It ends up not being an issue. BFL won't ship yet (or possibly ever), bASIC failed to launch, Avalon is in the process of shipping but no one has gotten shipping numbers yet (and most likely won't get the product in their hands until the first week of Feb), so as long as we start mining before or at the same time Avalon customers get their gear, we're fine.

DeaDTerra
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January 25, 2013, 04:00:12 PM
 #1325

Hey guys!
I might be interested in buying some ASICMINER shares for 0.2 BTC each,
or if you have some other price in mind.
Anyways pm me if your interested.
//DeaDTerra
LoweryCBS
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January 25, 2013, 06:25:44 PM
 #1326

Hey guys!
I might be interested in buying some ASICMINER shares for 0.2 BTC each,
or if you have some other price in mind.
Anyways pm me if your interested.
//DeaDTerra

I have 1000 shares I'll assign/sell for .325 / share.
LoweryCBS
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January 25, 2013, 09:01:20 PM
 #1327

.
SebastianJu
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January 25, 2013, 11:01:27 PM
 #1328

Hey guys!
I might be interested in buying some ASICMINER shares for 0.2 BTC each,
or if you have some other price in mind.
Anyways pm me if your interested.
//DeaDTerra

I have 1000 shares I'll assign/sell for .325 / share.


Are you sure that share wont earn you dividends higher than 0.225 in the first year? I bet you will bite your own ass if you miscalculated.
DiabloD3
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January 25, 2013, 11:20:24 PM
 #1329

I'll sell the 1000 I have for 1 BTC each. I think that is a fair deal.

Code_red
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January 25, 2013, 11:59:07 PM
 #1330

are those shares owned by you or dmc?
DutchBrat
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January 26, 2013, 01:00:33 AM
 #1331

I sell 585 shares @ 0.85 BTC per share

But I am guessing the trading platform will be up and running soon. Friedcat has said that trading will start before the 1st dividend will be paid out. Mining s 2 - 3 weeks away, so the first dividend will probably be 5 - 6 weeks away. And delay in getting the ASICs up and running should not mean a delay in the platform, since that is being developed by a 3rd party.

All GLBSE shares have been confirmed, so lets get this puppy trading !!!!
keystroke
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January 26, 2013, 04:54:38 AM
 #1332

I sell 585 shares @ 0.85 BTC per share

But I am guessing the trading platform will be up and running soon. Friedcat has said that trading will start before the 1st dividend will be paid out. Mining s 2 - 3 weeks away, so the first dividend will probably be 5 - 6 weeks away. And delay in getting the ASICs up and running should not mean a delay in the platform, since that is being developed by a 3rd party.

All GLBSE shares have been confirmed, so lets get this puppy trading !!!!

Great! Do we really think mining is 2-3 weeks away? I tried to read in between the lines and there is room for additional delays... but I'd be very happy if 2-3 weeks is when it happens. Let's get those dividends coming in Smiley

"The difference between a castle and a prison is only a question of who holds the keys."
DiabloD3
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January 26, 2013, 01:20:54 PM
 #1333

are those shares owned by you or dmc?

Officially, DMC. I own no assets personally of any kind, the Warren Buffet way.

wachtwoord
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January 26, 2013, 01:27:55 PM
 #1334

At the very least Buffet owns a significant portion of Berkshire Hathaway
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January 26, 2013, 04:38:48 PM
 #1335

At the very least Buffet owns a significant portion of Berkshire Hathaway

Thats how he does it. I also own my share of DMC.

BlackLilac Jordan
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January 27, 2013, 04:51:41 AM
 #1336

Hey guys!
I might be interested in buying some ASICMINER shares for 0.2 BTC each,
or if you have some other price in mind.
Anyways pm me if your interested.
//DeaDTerra

I have 1000 shares I'll assign/sell for .325 / share.



Hi, do you still have these shares available for sale? Are you only selling all 1000 in one shot, or would you consider selling me a smaller amount?

Also, have you confirmed your shares with friedcat?


Thanks,
Jordan
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January 27, 2013, 03:10:44 PM
 #1337

To those inquiring about me selling 1000 shares for 1000 BTC, I think I'm going to wait until friedcat opens his exchange. It'll make things much easier that way.

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January 30, 2013, 09:42:51 AM
 #1338

To those inquiring about me selling 1000 shares for 1000 BTC, I think I'm going to wait until friedcat opens his exchange. It'll make things much easier that way.

Still no word on this.

Is there any kind of ETA on a trading platform ?
DutchBrat
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January 30, 2013, 10:07:01 AM
 #1339

To those inquiring about me selling 1000 shares for 1000 BTC, I think I'm going to wait until friedcat opens his exchange. It'll make things much easier that way.

Still no word on this.

Is there any kind of ETA on a trading platform ?


Supposedly before the first div payment is sent out, although I fail to see why a delay in getting the ASICs up and running would lead to a delay in the tradingplatform. If there had not been any delays on the ASIC side trading should already have been possible....
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January 30, 2013, 05:05:22 PM
 #1340

Looking forward to the update tonight. Any estimate as to when mining will begin? Looks as though nobody has any ASICs online yet.

"The difference between a castle and a prison is only a question of who holds the keys."
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