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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3803084 times)
matauc12
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February 14, 2013, 05:02:05 PM
 #1541

In all fairness, with the deployment of a machine that can print money at the rate or 500k a day, my beauty sleep would take a hit.
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matauc12
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February 14, 2013, 05:03:35 PM
 #1542

If that is Asicminer, it would be interesting to know what the plans are for the money being raised (~$5000/day?). Is there enough in the bank from the IPO to fund the full 50TH/s expansion, or will some of this be withheld in order to get all the wafer starts underway for the big push now that the design has been proven?
lol with that kind of money being printed, I wouldn't worry much about IPO funds ROFL.

Honestly though, with that kind of waved deployment, and constant, I only see 2 options. Avalon defaulted and started mining with the rigs (or decided to mine a couple days to make a couple million before shipping). Or asicminer. But the silence is killing me.
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February 14, 2013, 05:08:25 PM
 #1543

In all fairness, with the deployment of a machine that can print money at the rate or 500k a day, my beauty sleep would take a hit.
You're an order of magnitude off. Current generation rate of the whole network is 6*24=144 blocks and 144*25 = 3600 BTC  per day. Multiply that by your favorite exchange rate and you get the maximum output. Short-term target for ASICMINER is 6-12 TH/s which translates into 1/6-1/3 of the whole network, which translates into 600-1200 BTC per day, which translates into 15k-30k USD (1BTC@25USD).

ADDENDUM:
As you can see, BTC is still strongly undervalued, given that the whole network can only print 3600*25=90k per day. To match the printing frenzy of the FED, BTC exchange rate would have to increase by a factor of 10000.

The ASICMINER Project https://bitcointalk.org/index.php?topic=99497.0
"The way you solve things is by making it politically profitable for the wrong people to do the right thing.", Milton Friedman
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February 14, 2013, 05:10:24 PM
 #1544

friedcat   01:07:32 PM   Posting in ASICMINER: Entering the Future of ASIC Mining by Inventing It.

(BFL)^2 < 0
matauc12
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February 14, 2013, 05:11:36 PM
 #1545

In all fairness, with the deployment of a machine that can print money at the rate or 500k a day, my beauty sleep would take a hit.
You're an order of magnitude off. Current generation rate of the whole network is 6*24=144 blocks and 144*25 = 3600 BTC  per day. Multiply that by your favorite exchange rate and you get the maximum output. Short-term target for ASICMINER is 6-12 TH/s which translates into 1/6-1/3 of the whole network, which translates into 600-1200 BTC per day, which translates into 15k-30k USD (1BTC@25USD).
In the spirit that my post was meant, it implied "lose sleep to deploy 12TH" which translates to roughly 500k. My post was obviously not meant as a profits prediction. http://allchains.info/calc.html
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February 14, 2013, 05:13:10 PM
 #1546

If that is Asicminer, it would be interesting to know what the plans are for the money being raised (~$5000/day?). Is there enough in the bank from the IPO to fund the full 50TH/s expansion, or will some of this be withheld in order to get all the wafer starts underway for the big push now that the design has been proven?
lol with that kind of money being printed, I wouldn't worry much about IPO funds ROFL.

Honestly though, with that kind of waved deployment, and constant, I only see 2 options. Avalon defaulted and started mining with the rigs (or decided to mine a couple days to make a couple million before shipping). Or asicminer. But the silence is killing me.

No offense, but while it's definitely a lot of money, it's not like they're absolutely rolling in cash right now. They have about 1/8th of their initial deployment done assuming it is Asicminer, and unless they pick up the pace they could still be adding the initial 12TH/s as BFL devices are coming online in early March. Again, assuming BFL ships reasonably on time.

Longterm planning is key to Asicminer's success, just buying 12TH/s worth of equipment and mining with that will not maximize shareholder value.
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February 14, 2013, 05:13:25 PM
 #1547

Pre Update

The deploying is in process. We are stress testing on btcguild with a portion of  our devices. The current computation power is close to 2TH/s.

We have been working day and night and still are. The real update will be given in a few hours.

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February 14, 2013, 05:15:17 PM
 #1548

growth of ASICMINER hashrate over the last hour:

Code:
2013-02-14T10:54:20-05:00:       current 1459.64         max 1698.67
2013-02-14T10:56:13-05:00:       current 1475.58         max 1698.67
2013-02-14T10:58:16-05:00:       current 1501.07         max 1698.67
2013-02-14T11:02:13-05:00:       current 1520.19         max 1698.67
2013-02-14T11:04:16-05:00:       current 1527.63         max 1698.67
2013-02-14T11:08:13-05:00:       current 1532.35         max 1698.67
2013-02-14T11:10:16-05:00:       current 1535.76         max 1698.67
2013-02-14T11:12:17-05:00:       current 1531.88         max 1698.67
2013-02-14T11:14:20-05:00:       current 1538.25         max 1698.67
2013-02-14T11:16:14-05:00:       current 1545.69         max 1698.67
2013-02-14T11:20:20-05:00:       current 1551.00         max 1698.67
2013-02-14T11:22:14-05:00:       current 1558.44         max 1698.67
2013-02-14T11:24:17-05:00:       current 1582.87         max 1698.67
2013-02-14T11:26:20-05:00:       current 1597.74         max 1698.67
2013-02-14T11:28:23-05:00:       current 1596.68         max 1698.67
2013-02-14T11:32:19-05:00:       current 1600.93         max 1698.67
2013-02-14T11:34:22-05:00:       current 1595.20         max 1698.67
2013-02-14T11:36:14-05:00:       current 1616.87         max 1698.67
2013-02-14T11:38:19-05:00:       current 1639.18         max 1698.67
2013-02-14T11:40:13-05:00:       current 1631.74         max 1698.67
2013-02-14T11:42:16-05:00:       current 1659.36         max 1698.67
2013-02-14T11:44:19-05:00:       current 1663.61         max 1698.67
2013-02-14T11:46:23-05:00:       current 1667.86         max 1698.67
2013-02-14T11:48:15-05:00:       current 1675.29         max 1698.67
2013-02-14T11:50:20-05:00:       current 1677.42         max 1698.67
2013-02-14T11:52:13-05:00:       current 1688.04         max 1698.67
2013-02-14T11:54:17-05:00:       current 1700.79         max 1700.79
2013-02-14T11:56:20-05:00:       current 1710.35         max 1710.35
2013-02-14T11:58:14-05:00:       current 1713.54         max 1713.54
2013-02-14T12:00:17-05:00:       current 1733.72         max 1733.72
2013-02-14T12:02:19-05:00:       current 1732.66         max 1733.72
2013-02-14T12:04:23-05:00:       current 1720.97         max 1733.72
2013-02-14T12:06:17-05:00:       current 1700.79         max 1733.72
2013-02-14T12:08:20-05:00:       current 1720.97         max 1733.72
2013-02-14T12:10:13-05:00:       current 1729.47         max 1733.72
2013-02-14T12:12:16-05:00:       current 1715.66         max 1733.72
2013-02-14T12:14:19-05:00:       current 1714.60         max 1733.72

(BFL)^2 < 0
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February 14, 2013, 05:16:34 PM
 #1549

wuuhaaaaaaaaaaa
matauc12
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February 14, 2013, 05:18:57 PM
 #1550

If that is Asicminer, it would be interesting to know what the plans are for the money being raised (~$5000/day?). Is there enough in the bank from the IPO to fund the full 50TH/s expansion, or will some of this be withheld in order to get all the wafer starts underway for the big push now that the design has been proven?
lol with that kind of money being printed, I wouldn't worry much about IPO funds ROFL.

Honestly though, with that kind of waved deployment, and constant, I only see 2 options. Avalon defaulted and started mining with the rigs (or decided to mine a couple days to make a couple million before shipping). Or asicminer. But the silence is killing me.

No offense, but while it's definitely a lot of money, it's not like they're absolutely rolling in cash right now. They have about 1/8th of their initial deployment done assuming it is Asicminer, and unless they pick up the pace they could still be adding the initial 12TH/s as BFL devices are coming online in early March. Again, assuming BFL ships reasonably on time.

Longterm planning is key to Asicminer's success, just buying 12TH/s worth of equipment and mining with that will not maximize shareholder value.
You took that way too seriously. I didn't post an analysis.

And yeah, BFL deadlines don't really mean much to me.
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February 14, 2013, 05:23:14 PM
 #1551

Pre Update

The deploying is in process. We are stress testing on btcguild with a portion of  our devices. The current computation power is close to 2TH/s.

We have been working day and night and still are. The real update will be given in a few hours.
Excellent news! Keep up the good work!

That'll make it to the headlines in the Bitcoin Magazine (http://bitcoinmagazine.com)

The ASICMINER Project https://bitcointalk.org/index.php?topic=99497.0
"The way you solve things is by making it politically profitable for the wrong people to do the right thing.", Milton Friedman
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February 14, 2013, 05:24:00 PM
 #1552

Congrats all asicminers, and especially friedcat.  well done.


to bfl:  epic fail!!!

1jimbitm6hAKTjKX4qurCNQubbnk2YsFw
matauc12
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February 14, 2013, 05:25:33 PM
 #1553

Pre Update

The deploying is in process. We are stress testing on btcguild with a portion of  our devices. The current computation power is close to 2TH/s.

We have been working day and night and still are. The real update will be given in a few hours.
cheers buddy.
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February 14, 2013, 05:26:33 PM
 #1554

ALL YOUR BTC ARE BELONG TO US! Cheesy WOOT WOOT!! *pops champagne*

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February 14, 2013, 05:31:26 PM
 #1555

I'd love to hear about the failure rate, the clock rate and all sorts of stuff. Congrats to all shareholders!

"With four parameters I can fit an elephant, and with five I can make him wiggle his trunk." John von Neumann
buy me beer: 1HG9cBBYME4HUVhfAqQvW9Vqwh3PLioHcU
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February 14, 2013, 05:37:45 PM
 #1556

Guess I can't troll as much anymore Smiley.  Very honored to have BTC Guild picked by ASICMINER for their initial ramp up/testing.  I've made myself very available for them to help in the ramp up period.

ASICMINER now has the privilege of being the first to truly give Stratum a test as a next generation mining protocol, and the results have been fantastic from my end.
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February 14, 2013, 05:38:29 PM
 #1557

I just want to thank Friedcat and the team for this great success.
And also all the investors for making this possible.
Thanks to all off you Cheesy
//DeaDTerra
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February 14, 2013, 05:57:17 PM
 #1558

CONGRATS ASICMINER!

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February 14, 2013, 06:06:57 PM
 #1559

I'm making a note here, huge success.
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February 14, 2013, 06:08:12 PM
 #1560

I'm making a note here, huge success.

It's hard to oooover-state my sat-is-faction.
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