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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3874138 times)
lophie
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April 12, 2013, 11:01:24 AM
 #3061

Pre-Update

Everything is fine. We have no funds locked anywhere in any exchanges. All modules in the second batch is under assembling and the deploying is on track. Last night we have been testing the new deploying mechanism till 5 am. And this afternoon I went to see the doctor for my cough and sniff.

We will give the update tonight.

I am so sorry you are not feeling good. I wish you get well soon. And I wish some people here would start trusting your never wavering competence and simply WAIT for the weekly update.

But again. It was a very hectic week. Can't blame them.

Will take me a while to climb up again, But where is a will, there is a way...
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April 12, 2013, 01:30:52 PM
 #3062

I didn't get dividends on BitFunder yet. Does anyone know what's the matter?
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April 12, 2013, 02:11:29 PM
 #3063

I didn't get dividends on BitFunder yet. Does anyone know what's the matter?

DeadTerra always pays out a day or two later than the other passthrough on BTCT. Burnside is always really quick and efficient and paid this weeks dividend on 2013-04-11 00:20 at 0.00695565 per share.

In his favour, DeadTerra charges no fees, but is always later with  paying out. Don't worry, it will happen eventually.

It is futile to speak of liberty as long as economic slavery exists.

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April 12, 2013, 02:39:06 PM
 #3064

I didn't get dividends on BitFunder yet. Does anyone know what's the matter?

DeadTerra always pays out a day or two later than the other passthrough on BTCT. Burnside is always really quick and efficient and paid this weeks dividend on 2013-04-11 00:20 at 0.00695565 per share.

In his favour, DeadTerra charges no fees, but is always later with  paying out. Don't worry, it will happen eventually.
Yea sorry guys, I do not have the float to cover the dividend plus it's usually paid when I am a sleep.
//DeaDTerra
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April 12, 2013, 03:41:16 PM
 #3065

please please please don't deploy before avalon batch 3, please please please  Grin

Err, what?

Even if we deploy the full 50 TH/s, we won't have 51%.  More importantly, if last time is any indication, it takes a  *long* time to deploy that many servers.

Stop spreading fud.
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April 12, 2013, 03:50:22 PM
 #3066

Update

Deploying
At the same time waiting for the new place's power supply system and our second batch's assembly, we have tested the fully enclosed rack approach, which turned out to be denser and has better cooling over the devices.

The projected earliest date to start installing new hardware and releasing brand new hashrates is 22th this month. The whole deploying process will take at least two weeks, with the final hashrate decided by how much we are going to sell to consumers and how much we will keep for ourselves.

Device Selling
Apart from the same boards we use for mining, we also have an adapted version of the mini boards which we used at early January for our first arrived chips that are nice as small gifts. Here is a picture of a not-yet-assembled one with 300MH/s. It can be powered by merely the USB port:



Since the most important mission of ASICMINER is the maximization of profits for shareholders and the security of the network (hashrates should be in hand of good people and decentralization has to be preserved), we will balance the ratio of kept and distributed hashrates based on our portion and the market price of devices.

Financials and Business Plan
We are always aware of the openness and transparency of how we operate. We keep almost if not all the agreements, trading receipts and bank/exchange records, which could be used for restoring a full history of financial report when put in the hands of an accountant with some knowledge of Bitcoin and some of our help. Sooner or later it has to be done, and most likely it would be in the period between the next batch and later batches, during which we will expand our core team with both technical and financial people.

We will start a google-doc-based business plan for us and all board members to edit and update. I will make a stub version as a basis for extending and modifying first this week.

usagi
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April 12, 2013, 03:56:34 PM
 #3067



Oh my god.
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April 12, 2013, 03:59:36 PM
 #3068



Ah.. she's so cute.....Cheesy

In Cryptography we trust.
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April 12, 2013, 04:01:29 PM
 #3069

Device Selling
Apart from the same boards we use for mining, we also have an adapted version of the mini boards which we used at early January for our first arrived chips that are nice as small gifts. Here is a picture of a not-yet-assembled one with 300MH/s. It can be powered by merely the USB port:



Since the most important mission of ASICMINER is the maximization of profits for shareholders and the security of the network (hashrates should be in hand of good people and decentralization has to be preserved), we will balance the ratio of kept and distributed hashrates based on our portion and the market price of devices.

I hope thats not going to be the only one you're selling. I'd like to buy one of the full scale boards you've been racking. Even if I have to pay all 36 BTC I have to buy one.

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April 12, 2013, 04:03:30 PM
 #3070



It's so cute! I'll take a dozen Cheesy

thanks for good news, we appreciate your work! :-)
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April 12, 2013, 04:04:25 PM
 #3071

Update

Deploying




I'd love to buy those, shipping would be cheap and it wouldn't require much of a commitment to buy and operate it.

John (John K.)
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April 12, 2013, 04:04:56 PM
 #3072



 Shocked
That's...

My BTC Tip Jar: 1Pgvfy19uwtYe5o9dg3zZsAjgCPt3XZqz9 , GPG ID: B3AAEEB0 ,OTC ID: johnthedong
Escrow service is available on a case by case basis! (PM Me to verify I'm the escrow!)

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April 12, 2013, 04:07:42 PM
 #3073

Device Selling
Apart from the same boards we use for mining, we also have an adapted version of the mini boards which we used at early January for our first arrived chips that are nice as small gifts. Here is a picture of a not-yet-assembled one with 300MH/s. It can be powered by merely the USB port:



Since the most important mission of ASICMINER is the maximization of profits for shareholders and the security of the network (hashrates should be in hand of good people and decentralization has to be preserved), we will balance the ratio of kept and distributed hashrates based on our portion and the market price of devices.

I hope thats not going to be the only one you're selling. I'd like to buy one of the full scale boards you've been racking. Even if I have to pay all 36 BTC I have to buy one.

Read carefully again. I helped you a bit. Smiley
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April 12, 2013, 04:08:23 PM
 #3074


Jerking off to this right now, can you blow it up for me with some higher reso!

          WTF!     Don't Click Here              
          .      .            .            .        .            .            .          .        .     .               .            .             .            .            .           .            .     .               .         .              .           .            .            .            .     .      .     .    .     .          .            .          .            .            .           .              .     .            .            .           .            .               .         .            .     .            .            .             .            .              .            .            .      .            .            .            .            .            .            .             .          .
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April 12, 2013, 04:10:10 PM
 #3075

Device Selling
Apart from the same boards we use for mining, we also have an adapted version of the mini boards which we used at early January for our first arrived chips that are nice as small gifts. Here is a picture of a not-yet-assembled one with 300MH/s. It can be powered by merely the USB port:



Since the most important mission of ASICMINER is the maximization of profits for shareholders and the security of the network (hashrates should be in hand of good people and decentralization has to be preserved), we will balance the ratio of kept and distributed hashrates based on our portion and the market price of devices.

I hope thats not going to be the only one you're selling. I'd like to buy one of the full scale boards you've been racking. Even if I have to pay all 36 BTC I have to buy one.

Read carefully again. I helped you a bit. Smiley

Read what I wrote carefully again. I'm not interested in buying a few hundred of these, but instead a complete full sized board.

ThickAsThieves
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April 12, 2013, 04:12:42 PM
 #3076

Wow, fucking awesome!
John (John K.)
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April 12, 2013, 04:13:53 PM
 #3077


Jerking off to this right now, can you blow it up for me with some higher reso!

Before friedcat obliges with moar sexy photos of this mining cutie, I guess http://i.imgur.com/pzAootC.jpg?1 will have to do for the time being.  Wink

My BTC Tip Jar: 1Pgvfy19uwtYe5o9dg3zZsAjgCPt3XZqz9 , GPG ID: B3AAEEB0 ,OTC ID: johnthedong
Escrow service is available on a case by case basis! (PM Me to verify I'm the escrow!)

vortex1878
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April 12, 2013, 04:15:11 PM
 #3078

Diablo, I perfectly understood that when reading it the first time. Smiley
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April 12, 2013, 04:19:32 PM
 #3079


Jerking off to this right now, can you blow it up for me with some higher reso!

Before friedcat obliges with moar sexy photos of this mining cutie, I guess http://i.imgur.com/pzAootC.jpg?1 will have to do for the time being.  Wink

 Shocked

Okay, that will do for now. I want to see it with the heat sink of next baby! And I'd love a peak at the back side!

          WTF!     Don't Click Here              
          .      .            .            .        .            .            .          .        .     .               .            .             .            .            .           .            .     .               .         .              .           .            .            .            .     .      .     .    .     .          .            .          .            .            .           .              .     .            .            .           .            .               .         .            .     .            .            .             .            .              .            .            .      .            .            .            .            .            .            .             .          .
Jutarul
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April 12, 2013, 04:27:42 PM
 #3080


If this is gonna be sold en masse, you just militarized the user base Cheesy

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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