ASICMINER: Entering the Future of ASIC Mining by Inventing It

[🏰 TradeFortress 🏰]

why not solo mine?

debated again and again. variance, no orphans paid, etc

[1713958208]

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[1713958208]

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[1713958208]

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[aTg]

why not solo mine?

debated again and again. variance, no orphans paid, etc

P2Pool would be great if you did not produce many stales

[DiabloD3]

why not solo mine?

debated again and again. variance, no orphans paid, etc

P2Pool would be great if you did not produce many stales

P2Pool doesn't work that way. The stale counter in miners are completely useless on P2Pool

[talnted]

Any speculation as to where new ASICMINER deployment will be mining? I have been watching BTCGuild (https://www.btcguild.com/index.php?page=rankings) and the hashrate has been slowly rising. However, with recent controversoy over BTCguild approaching 50% of mining hashrate, I expect ASICMINER to point elsewhere. No sign of ASICMINER (or Bitfountain) at Ozcoin (http://ozco.in/content/user-top-20), and with recent Ozcoin downtime and PPS issues, I would expect ASICMINER/Bitfountain to mine elsewhere.

Any thoughts, speculation, evidence, and/or sightings of Bitfountain/ASICMINER at other pools?

I was wondering the same thing.. Anyone know where he might be pointing?

[JimiQ84]

Any speculation as to where new ASICMINER deployment will be mining? I have been watching BTCGuild (https://www.btcguild.com/index.php?page=rankings) and the hashrate has been slowly rising. However, with recent controversoy over BTCguild approaching 50% of mining hashrate, I expect ASICMINER to point elsewhere. No sign of ASICMINER (or Bitfountain) at Ozcoin (http://ozco.in/content/user-top-20), and with recent Ozcoin downtime and PPS issues, I would expect ASICMINER/Bitfountain to mine elsewhere.

Any thoughts, speculation, evidence, and/or sightings of Bitfountain/ASICMINER at other pools?

I was wondering the same thing.. Anyone know where he might be pointing?

we will see on 22nd when the deployment should start

[SebastianJu]

we will see on 22nd when the deployment should start

Deployment will start? Did they fix the network- and powerproblems or will it be fixed then?

[JimiQ84]

we will see on 22nd when the deployment should start

Deployment will start? Did they fix the network- and powerproblems or will it be fixed then?

see last friedcat's update. He said the deployment will start at earliest on 22nd. And from last hashrate rise (from 6,5 to 7) you can see that network issues were adressed and resolved.

[Franktank]

we will see on 22nd when the deployment should start

Deployment will start? Did they fix the network- and powerproblems or will it be fixed then?

Here's friedcat's update:

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.

[SebastianJu]

we will see on 22nd when the deployment should start

Deployment will start? Did they fix the network- and powerproblems or will it be fixed then?

Here's friedcat's update:

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.

Oh, i fully overread this... So they will have fixed the problems then. Nice if that will happen. Its time Asicminer starts mining with 45% of the whole nets hashing power... *g*

[Rodyland]

First auction is up. Tell your friends.

 https://bitcointalk.org/index.php?topic=178275.0

[bitfair]

First auction is up. Tell your friends.

 https://bitcointalk.org/index.php?topic=178275.0

10.752 GH/s at current difficulty gives approx. 0.7 BTC/day. Those bids at 5 BTC are practically an insult!

[Otaci]

Lol,

First auction is up. Tell your friends.

 https://bitcointalk.org/index.php?topic=178275.0

10.752 GH/s at current difficulty gives approx. 0.7 BTC/day. Those bids at 5 BTC are practically an insult!

Lol, you beat me to it. Absurdly low.

[phantastisch]

Precious , precious dividends ...

[bitfair]

Lol,

First auction is up. Tell your friends.

 https://bitcointalk.org/index.php?topic=178275.0

10.752 GH/s at current difficulty gives approx. 0.7 BTC/day. Those bids at 5 BTC are practically an insult!

Lol, you beat me to it. Absurdly low.

Well, it escalated quickly: up to 25 BTC now!

[Rodyland]

If they all sell at 25, BTC250 spread across 400k shareholders is mBTC0.625 per share.

Last dividend was 0.00695566 (if you include the 1 satoshi per share), or mBTC6.95566

So, no idea what the profit margin on these things is - let's say it's 75% at this price (don't forget, shipping is included).

Which means the proceeds of this sale will produce a once-off 15% bump in dividends.

So the question now is - how many of these things do we have to sell, once the auction is over (and presumably the auction price will become the "normal" price).

[vortex1878]

If they all sell at 25, BTC250 spread across 400k shareholders is mBTC0.625 per share.

Last dividend was 0.00695566 (if you include the 1 satoshi per share), or mBTC6.95566

So, no idea what the profit margin on these things is - let's say it's 75% at this price (don't forget, shipping is included).

Which means the proceeds of this sale will produce a once-off 15% bump in dividends.

So the question now is - how many of these things do we have to sell, once the auction is over (and presumably the auction price will become the "normal" price).

They will sell for much more than 25 BTC. So please save your calculations for later.  

EDIT: Btw the profit margin does not matter as the shareholders have already paid for the devices.

In addition to that your calculation seems not to make sense.

[bitfair]

Making a series of unrealistic assumptions here, but let's go:

They have 200TH+50TH+12TH coming in the near future. Put it all in 10 GH/s blades, and they have 26200 devices to sell. At 26 BTC a piece (current highest bid), that is 681200 BTC in total - or 1.703 BTC per share.

If they all sell at 25, BTC250 spread across 400k shareholders is mBTC0.625 per share.

Last dividend was 0.00695566 (if you include the 1 satoshi per share), or mBTC6.95566

So, no idea what the profit margin on these things is - let's say it's 75% at this price (don't forget, shipping is included).

Which means the proceeds of this sale will produce a once-off 15% bump in dividends.

So the question now is - how many of these things do we have to sell, once the auction is over (and presumably the auction price will become the "normal" price).

[phantastisch]

Making a series of unrealistic assumptions here, but let's go:

They have 200TH+50TH+12TH coming in the near future. Put it all in 10 GH/s blades, and they have 26200 devices to sell. At 26 BTC a piece (current highest bid), that is 681200 BTC in total - or 1.703 BTC per share.

If they all sell at 25, BTC250 spread across 400k shareholders is mBTC0.625 per share.

Last dividend was 0.00695566 (if you include the 1 satoshi per share), or mBTC6.95566

So, no idea what the profit margin on these things is - let's say it's 75% at this price (don't forget, shipping is included).

Which means the proceeds of this sale will produce a once-off 15% bump in dividends.

So the question now is - how many of these things do we have to sell, once the auction is over (and presumably the auction price will become the "normal" price).

I'm in, where do i sign ?

[JaredR26]

(and presumably the auction price will become the "normal" price).

The auction price will not become the normal price.  Auctioners are paying for the first-mover advantage of immediate shipping.

[SebastianJu]

First auction is up. Tell your friends.

 https://bitcointalk.org/index.php?topic=178275.0

YES!

Edit: I think the warranty should be restricted in time somehow. Not that in 10 years all asics find their natural death but has to be replaced because of no restriction.

10 x 27BTC (around) now... looks like a nice dividend can happen next week... I hope it goes up way higher...

(and presumably the auction price will become the "normal" price).

The auction price will not become the normal price.  Auctioners are paying for the first-mover advantage of immediate shipping.

I dont think Asicminer will sell Miners in future that arent ready for shipping only because they arent built at that moment. So a later buyer will get the miner the same speed as this first buyers i think.