ASICMINER: Entering the Future of ASIC Mining by Inventing It

[SmiGueL]

Fresh speculations on competitors:
But why the hell is the hashrate only 3-5 TH/s -- it should be 12+! This is an incredible window of opportunity, but it will be closing soon...

I'm also wondering that (not that we're not 12+TH/s, but since we've run on 4.6TH/s before, why it decreased the last days??)
See my Hash Graph:


These weeks are THE opportunity to cash in really fast!

I really hope, also for all the loyal shareholders, they fully concentrate on the hashing power instead of the exchange (which is after all for the people who will get rid of their shares..) I hope this has something to do with the burn-in/testing, and isn't because of cooling problems (which maybe shuts down the devices)

[LazyOtto]

It would be easy to run rampant with speculations.

Let's see what information Thursday's update, coming on Friday this week , hopefully, will provide.

[SmiGueL]

I've done some calculations  and came to the fact that:

Price per share @ IPO: 0.1 BTC * 12 dollar = 1,2 dollar/share

Currently mined blocks: ~284
Currenly mined BTC: 284 x 25 = 7100
Currently mined BTC / share: 7100 / 200000 = 0.0355
Currentl value mined BTC / share = 0.0355 * 34 = 1.207 dollar / share!

So actually we mined our IPO price back about an hour ago!

_{*I know the exact mined BTC are not 284 and after IPO price is reached the BTC have to be devided by 400000 but this is pretty nice after about 2 weeks of mining (The recently rising Bitcoin price also helped a bit )}

[DutchBrat]

I've done some calculations  and came to the fact that:

Price per share @ IPO: 0.1 BTC * 12 dollar = 1,2 dollar/share

Currently mined blocks: ~284
Currenly mined BTC: 284 x 25 = 7100
BTC / share: 7100 / 200000 = 0.0355
Dollar / share = 0.0355 * 34 = 1.207!

So actually we mined our IPO price back about an hour ago!

_{*I know the exact mined BTC are not 284 and after IPO price is reached the BTC have to be devided my 400000 but this is pretty nice after about 2 weeks of mining (and the recently rising Bitcoin price )}

I paid for my shares with mined BTC, not with $, so far they mined 0.02xx BTC back as far as I am concerned....

Needless to say, that is better than most Bitcoin investments !!!!

[SmiGueL]

_{*I know the exact mined BTC are not 284 and after IPO price is reached the BTC have to be devided my 400000 but this is pretty nice after about 2 weeks of mining (and the recently rising Bitcoin price )}

I paid for my shares with mined BTC, not with $, so far they mined 0.02xx BTC back as far as I am concerned....

Needless to say, that is better than most Bitcoin investments !!!!

Jup I know it's only based on the $ price and not the BTC price, that's why I added the subscript at the end of my  post

The reason why the payouts were 0.023 is because "This is all mining revenue minus the paid urgent debts and reserves."
I think about 1/3 of the IPO price is mined so far

[DutchBrat]

_{*I know the exact mined BTC are not 284 and after IPO price is reached the BTC have to be devided my 400000 but this is pretty nice after about 2 weeks of mining (and the recently rising Bitcoin price )}

I paid for my shares with mined BTC, not with $, so far they mined 0.02xx BTC back as far as I am concerned....

Needless to say, that is better than most Bitcoin investments !!!!

Jup I know, that's why I added the subscript at the end of my  post
The reason why the payouts were 0.023 is because "This is all mining revenue minus the paid urgent debts and reserves."
I think about 1/3 of the IPO price is mined so far

The best thing about it is that the company is self-financing now.... so we will be a debt-free company.... 

[friedcat]

Update
Sorry for the delay in my awakening. Doing management on troubleshooting all day.
This update is sketchy but I will try making contact more frequently than once a week whenever I have time.

Deploying
The speed of current deploying is indeed a concern, especially in this high time that both price and hashrates seem to be on an uptrend. We are as eager as every shareholder else.

The first batch is more or less a prototype for the second one, so the deploying process is also the period we are finding the right solution to large-scale mining farms. In this batch the work is split as follows:

Factories:
  Wafer production, Slicing and packaging, PCB production, PCB assembly, Delivery.
Inhouse by us and our partners/employees/temps:
  Cabling for the power supply (double to triple digit kW needs special modification of the cable system), Wiring solution, Heat dissipation solution, Subrack and rack assembly, Network and firmware/software solution, System managing.

For the next batch, things will be much more smooth and automatic because the work will be like:
Factories:
  Wafer production, Slicing and packaging, PCB production, PCB assembly, Wiring, Subrack and rack assembly.
Inhouse by us and our partners/employees/temps:
  Cabling for the power supply, System managing.

The deploying of the next batch will be boosted with their "normal speed" as well, since most of the factories which had been at hibernation during the long vacation are fully functional now. We are also building a team, preparing for the real scaled deploying.

Financials
(This is brief and imprecise, to be replaced by a spreadsheet)
Assets
 Fiat balance: ~86,000 rmb
 Creditor's rights: 1066.71 btc + interest
 Fixed assets: ~1,420,000 rmb
Liabilities
 Non urgent private loan: 150,000 rmb + interest, due: July 2013
 Non urgent bank loan: 120,000 rmb + interest, due: post 2013
 Non urgent private loan: 90,000 rmb, due: July 2013

Platform
Sorry because many shareholders and potential shareholders want more liquidity than what are currently on the auction board. But currently there are only limited manhours allocated on it and safety/bugfree guarantee is more important than in-time online. On the other hand, the time does not allow us to explore and investigate existing platforms for a temporary place. The new platform is kind of innovative and is very interesting in its own right, but the status quo may last for a while.

The market will find a way to increase liquidity by other financial mechanisms, we have no way to stop them. But from our side, we are only responsible for our direct shareholders (who really hold ASICMINER shares, not derivatives of any form).

Power consumption
On our final products our chip consumes 6-8 watts/G on rated depending on temperature and voltage. After reviewing and comparison it turns out that our result is already very good with standard cell based design and 130nm tech.

[🏰 TradeFortress 🏰]

What are the current problems faced with deployment?

[ThickAsThieves]

Can you give some sort of guidance on the pace for increasing total hashing? What is the target date for 12TH, 15TH, or any info in that regard?

[MrTeal]

Power consumption
On our final products our chip consumes 6-8 watts/G on rated depending on temperature and voltage. After reviewing and comparison it turns out that our result is already very good with standard cell based design and 130nm tech.

What does this range include? Is that actually the estimate for just the chips, or is that the power consumption at the board level or the AC input?

[anddy78]

Just checking interest, ASICMINER shares raffle: https://bitcointalk.org/index.php?topic=147812.0

[iCEBREAKER]

No but if you are interested in buying we have 69 shares. PM with price.

Don't forget to always use escrow, especially when dealing with TradeFortress.  He's a huge fan of escrow and wouldn't have it any other way!   

[Jutarul]

FYI. I am selling 2472 shares at a first come first serve basis for 0.5 BTC/share:
https://bitcointalk.org/index.php?topic=148198.0

[🏰 TradeFortress 🏰]

BUYING 90 ASICMINER shares for 0.45 BTC each.

[msm595]

BUYING 90 ASICMINER shares for 0.45 BTC each.

If we are announcing here, I'm buying 10 for .47 each.

[ThickAsThieves]

BUYING 90 ASICMINER shares for 0.45 BTC each.

If we are announcing here, I'm buying 10 for .47 each.

Nope, this isn't an auction thread. You guys should just buy from Jutarul.

[Jutarul]

BUYING 90 ASICMINER shares for 0.45 BTC each.

If we are announcing here, I'm buying 10 for .47 each.

Nope, this isn't an auction thread. You guys should just buy from Jutarul.

Yes - DO NOT BID HERE (also it's a fixed price auction). Please place bids in the corresponding thread, or send me a PM, AFTER reading the bid instructions:
https://bitcointalk.org/index.php?topic=148198.0

[matauc12]

Update
Sorry for the delay in my awakening. Doing management on troubleshooting all day.
This update is sketchy but I will try making contact more frequently than once a week whenever I have time.

Deploying
The speed of current deploying is indeed a concern, especially in this high time that both price and hashrates seem to be on an uptrend. We are as eager as every shareholder else.

The first batch is more or less a prototype for the second one, so the deploying process is also the period we are finding the right solution to large-scale mining farms. In this batch the work is split as follows:

Factories:
  Wafer production, Slicing and packaging, PCB production, PCB assembly, Delivery.
Inhouse by us and our partners/employees/temps:
  Cabling for the power supply (double to triple digit kW needs special modification of the cable system), Wiring solution, Heat dissipation solution, Subrack and rack assembly, Network and firmware/software solution, System managing.

For the next batch, things will be much more smooth and automatic because the work will be like:
Factories:
  Wafer production, Slicing and packaging, PCB production, PCB assembly, Wiring, Subrack and rack assembly.
Inhouse by us and our partners/employees/temps:
  Cabling for the power supply, System managing.

The deploying of the next batch will be boosted with their "normal speed" as well, since most of the factories which had been at hibernation during the long vacation are fully functional now. We are also building a team, preparing for the real scaled deploying.

Financials
(This is brief and imprecise, to be replaced by a spreadsheet)
Assets
 Fiat balance: ~86,000 rmb
 Creditor's rights: 1066.71 btc + interest
 Fixed assets: ~1,420,000 rmb
Liabilities
 Non urgent private loan: 150,000 rmb + interest, due: July 2013
 Non urgent bank loan: 120,000 rmb + interest, due: post 2013
 Non urgent private loan: 90,000 rmb, due: July 2013

Platform
Sorry because many shareholders and potential shareholders want more liquidity than what are currently on the auction board. But currently there are only limited manhours allocated on it and safety/bugfree guarantee is more important than in-time online. On the other hand, the time does not allow us to explore and investigate existing platforms for a temporary place. The new platform is kind of innovative and is very interesting in its own right, but the status quo may last for a while.

The market will find a way to increase liquidity by other financial mechanisms, we have no way to stop them. But from our side, we are only responsible for our direct shareholders (who really hold ASICMINER shares, not derivatives of any form).

Power consumption
On our final products our chip consumes 6-8 watts/G on rated depending on temperature and voltage. After reviewing and comparison it turns out that our result is already very good with standard cell based design and 130nm tech.

I thought the platform was developed by a 3rd party?

[🏰 TradeFortress 🏰]

BUYING 90 ASICMINER shares for 0.45 BTC each.

If we are announcing here, I'm buying 10 for .47 each.

Nope, this isn't an auction thread. You guys should just buy from Jutarul.

But I'm buying it for 0.45 bitcoins each. Anyway, there is now a unified orderbook so let's keep this thread on asicminer.

[velacreations]

BUYING 90 ASICMINER shares for 0.45 BTC each.

If we are announcing here, I'm buying 10 for .47 each.

where are you guys getting them?