ASICMINER: Entering the Future of ASIC Mining by Inventing It

[friedcat]

This week is our most spending-intensive one. We have paid for:

The premium of a full mask (75% of the total price)
The premium of 100 wafers (50% of the total price)
Most balance payment of the 50TH/s batch's components

We also reserved the coins for:

The premium of half-month electricity usage in the new place
The balance payment of assembly

There won't be more spending besides further wafer & device production and operating cost, which will be much less per week. The next projected big spending is the full mask of our next generation of chips, with the taping-out date undecided yet.

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[SebastianJu]

Ui... didnt think the 200TH-Order will cost so much. But ok, investment is most important if this will keep going. Is the order now completely paid or will next week be lower again friedcat?

[friedcat]

Ui... didnt think the 200TH-Order will cost so much. But ok, investment is most important if this will keep going. Is the order now completely paid or will next week be lower again friedcat?

The order of wafers and devices are not so much. What costs the largest part of money is the NRE of a full-mask set. We chose to do MLM from the start to reduce the NRE cost and hence the total money we need to raise during IPO, but the much higher margin cost and the refusal of the fab to produce any more with the MLM set resulted in the decision to do the full-mask. Because after it's done. The cost of each wafer will reduce by ~33% and the quantity limitation from the fab will be removed.

The next week will be a little lower because we still have some balance payments undone yet, but the largest cost will only be the electricity.

[phr33]

Thanks for the update!

Could you give a rough number what the dividant this week would be if the unusual costs were removed?

[ineededausername]

Thanks for the update!

Could you give a rough number what the dividant this week would be if the unusual costs were removed?

I believe it would be something like .0055 per share.

[SmiGueL]

The mined BTC/share are  about 0.008 according to my calculations.
But the manhours/electricity/rent etc. has to be subtracted from this.

_{(Mean hashrate of 6.25 TH/s, total hashrate of 47.93 TH/s makes a total of 3286 BTC in 7 days)}

[VeeMiner]

Ui... didnt think the 200TH-Order will cost so much. But ok, investment is most important if this will keep going. Is the order now completely paid or will next week be lower again friedcat?

The order of wafers and devices are not so much. What costs the largest part of money is the NRE of a full-mask set. We chose to do MLM from the start to reduce the NRE cost and hence the total money we need to raise during IPO, but the much higher margin cost and the refusal of the fab to produce any more with the MLM set resulted in the decision to do the full-mask. Because after it's done. The cost of each wafer will reduce by ~33% and the quantity limitation from the fab will be removed.

The next week will be a little lower because we still have some balance payments undone yet, but the largest cost will only be the electricity.

thanks for the information, at least we know the money from BTC is going towards more value in the future and is invested reasonably...

[ldrgn]

But it seems like it could be a lot of hassle for management to go through the process of selling/shipping all that hardware, setting up a website to collect payment etc.

Remember you're comparing the high fixed cost of opening a freakin' datacenter with the comparatively low costs of shipping and selling merchandise online.  There are probably other businesses (Amazon? idk) commoditizing the shipping and selling part.  Having ASICMiner do their own mining was always a shitty idea.  This (having to build their own datacenter) is just the latest fallout of a bad business model.

[lophie]

But it seems like it could be a lot of hassle for management to go through the process of selling/shipping all that hardware, setting up a website to collect payment etc.

Remember you're comparing the high fixed cost of opening a freakin' datacenter with the comparatively low costs of shipping and selling merchandise online.  There are probably other businesses (Amazon? idk) commoditizing the shipping and selling part.  Having ASICMiner do their own mining was always a shitty idea.  This (having to build their own datacenter) is just the latest fallout of a bad business model.

  yes yes, Go ahead my friend... sell your overvalued shares...... we would be buying the loss.

Jokes aside, Did you consider that the data center could be used for other purposes later on? I know there are points in favor of selling hardware but mining with the hardware also has its merits. Anyway I lost my chance to get 5k shares at IPO so I guess I shouldn't be sticking my nose where it doesn't belong -_-!

[kano]

But it seems like it could be a lot of hassle for management to go through the process of selling/shipping all that hardware, setting up a website to collect payment etc.

Remember you're comparing the high fixed cost of opening a freakin' datacenter with the comparatively low costs of shipping and selling merchandise online.  There are probably other businesses (Amazon? idk) commoditizing the shipping and selling part.  Having ASICMiner do their own mining was always a shitty idea.  This (having to build their own datacenter) is just the latest fallout of a bad business model.

The of course there is merchandise support that some people seem to think doesn't exist ...

[DutchBrat]

The of course there is merchandise support that some people seem to think doesn't exist ...

That's why we have you ! Make our ASICs hash faster, NOW ! 

[kano]

The of course there is merchandise support that some people seem to think doesn't exist ...

That's why we have you ! Make our ASICs hash faster, NOW ! 

ASICMINER hasn't sent them yet - so I can't.

[friedcat]

Update

There won't be more spending besides further wafer & device production and operating cost, which will be much less per week. The next projected big spending is the full mask of our next generation of chips, with the taping-out date undecided yet.

Any update on auctions or sales of 1st generation chips?

If final decision is made, the auction will be for ready-to-use devices instead of chips. Having the advantage of inexpensive whole device manufacturing cost, selling only chips in a limited market (at least now) is not our option.

In our plan, the auction of limited sample boards will have one round per week, and last for a few weeks. After we have enough feedback and information we will do with more quantity and revised designs. But don't expect our products to spread towards everywhere at least in the next month, because most of our next batch will be used for ourselves.

The products are going to most likely be shipped from Hongkong. And what we accept is ordering instead of pre-ordering, which means that when we decide to sell, we ship it. Hopefully this makes our products be valued higher by the market.

[creativex]

Update

There won't be more spending besides further wafer & device production and operating cost, which will be much less per week. The next projected big spending is the full mask of our next generation of chips, with the taping-out date undecided yet.

Any update on auctions or sales of 1st generation chips?

If final decision is made, the auction will be for ready-to-use devices instead of chips. Having the advantage of inexpensive whole device manufacturing cost, selling only chips in a limited market (at least now) is not our option.

In our plan, the auction of limited sample boards will have one round per week, and last for a few weeks. After we have enough feedback and information we will do with more quantity and revised designs. But don't expect our products to spread towards everywhere at least in the next month, because most of our next batch will be used for ourselves.

The products are going to most likely be shipped from Hongkong. And what we accept is ordering instead of pre-ordering, which means that when we decide to sell, we ship it. Hopefully this makes our products be valued higher by the market.

Awesome news indeed. Thanks friedcat, keep up the great work!

[mattjenkins]

I see that the dividend for the PT on BTC Trading was posted yesterday.

Any word on when the BitFunder shareholders can expect their dividend?

[DeaDTerra]

I see that the dividend for the PT on BTC Trading was posted yesterday.

Any word on when the BitFunder shareholders can expect their dividend?

In about 5 confirmations
//DeaDTerra

[mattjenkins]

Haha, thanks!

 

[perseus]

When is the 50 TH supposed to ramp up?

[ineededausername]

When is the 50 TH supposed to ramp up?

Mid-April.

[teek]

the price of asic's is going up!

https://products.butterflylabs.com/