ASICMINER: Entering the Future of ASIC Mining by Inventing It

[SmiGueL]

They're mining slower this week, 3,331.92 GH/s vs the usual 7k GH/s. I'm not sure if the auction they had last week will make up for it this week.

Last week's dividend: 0.00696732 BTC/share
Incoming BTC from this week's auction: 752 BTC --> 0.00188 BTC/share _(+27%)
But since the hashrate dropped a bit last few hours, and the mean difficulty is higher, I'm not expecting it to be much higher than last week, unless the deployment of the new batch really starts tomorrow and they're getting up some TH/s

[1714125475]

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[JimiQ84]

They're mining slower this week, 3,331.92 GH/s vs the usual 7k GH/s. I'm not sure if the auction they had last week will make up for it this week.

Last week's divident: 0.00696732 BTC/share
Incoming BTC from this week's auction: 752 BTC --> 0.00188 BTC/share _(+27%)
But since the hashrate dropped last day I'm not expecting it to be much higher than last week, unless the deployment really starts tomorrow and they're getting up some TH/s

Back on 7TH/s at BTCGuild.

[statdude]

Link for hashrate?

[oaxaca]

Link for hashrate?

Google is your friend.

sometimes.

[arklan]

Link for hashrate?

it should be user 67117 (i think) on btc guild.

[Franktank]

Link for hashrate?

it should be user 67117 (i think) on btc guild.

There are two ways of determining hash rates for AM:

1) via BTC Guild (user 67117): https://www.btcguild.com/index.php?page=rankings

2) thru a maintained GDoc: https://docs.google.com/spreadsheet/ccc?key=0AkPdXsQFT-vIdHRVUjQ5Ql9BQWR6OENLMkhyUktUblE#gid=0

NOTE: These methods only work IF they are deploying to the current, known users. As friedcat mentioned the possibility of deploying to different mining pools to prevent the 51% issue, shareholders may not know if deployment has begun until friedcat says it himself.

[SmiGueL]

There are two ways of determining hash rates for AM:

1) via BTC Guild (user 67117): https://www.btcguild.com/index.php?page=rankings

2) thru a maintained GDoc: https://docs.google.com/spreadsheet/ccc?key=0AkPdXsQFT-vIdHRVUjQ5Ql9BQWR6OENLMkhyUktUblE#gid=0

NOTE: These methods only work IF they are deploying to the current, known users. As friedcat mentioned the possibility of deploying to different mining pools to prevent the 51% issue, shareholders may not know if deployment has begun until friedcat says it himself.

Until now I've calculated the hashrate by adding the miners from BTCGuild and Ozco.in together in the docs document.

Click on it for a more detailed version.



The hashrate percentage of ASICMINER is viewable in the next graph:

[Fabrizio89]

I hope they start using other pools asap.

[Rodyland]

I hope they start using other pools asap.

If we don't start getting more hashing power online soon, it won't matter which pool we use.

[DutchBrat]

I hope they start using other pools asap.

If we don't start getting more hashing power online soon, it won't matter which pool we use.

Friedcat said the earliest date for new deployment was the week of Apr 22nd

So I guess we could expect smtg this week, but it is not set in stone

[Franktank]

Friedcat said the earliest date for new deployment was the week of Apr 22nd

So I guess we could expect smtg this week, but it is not set in stone

Friedcat also has to keep in mind of the first auction winners. There are folks that just shelled out 75 BTC for 10 GH/s, it wouldn't exactly be fair if ASICMiner doubled the network hash rate before they got their blades (insult to injury). I'm sure this will be addressed in this week's update.

[SebastianJu]

Friedcat said the earliest date for new deployment was the week of Apr 22nd

So I guess we could expect smtg this week, but it is not set in stone

Friedcat also has to keep in mind of the first auction winners. There are folks that just shelled out 75 BTC for 10 GH/s, it wouldn't exactly be fair if ASICMiner doubled the network hash rate before they got their blades (insult to injury). I'm sure this will be addressed in this week's update.

Youre serious? Stop earning money so that others can earn?

[Franktank]

Friedcat also has to keep in mind of the first auction winners. There are folks that just shelled out 75 BTC for 10 GH/s, it wouldn't exactly be fair if ASICMiner doubled the network hash rate before they got their blades (insult to injury). I'm sure this will be addressed in this week's update.

Youre serious? Stop earning money so that others can earn?

Uh no, I didn't do the best job of explaining my thought process. Being a shareholder myself, I am not saying stop earning money but there is some balance. If people see that AM auctions off their first blades and then they just unload TH/s, the next set of blades being auctioned will have significantly less profits because people know ROI will take much, much longer.

If this is going to be a nonissue, then disregard my previous posts.

[DutchBrat]

Friedcat also has to keep in mind of the first auction winners. There are folks that just shelled out 75 BTC for 10 GH/s, it wouldn't exactly be fair if ASICMiner doubled the network hash rate before they got their blades (insult to injury). I'm sure this will be addressed in this week's update.

Youre serious? Stop earning money so that others can earn?

Uh no, I didn't do the best job of explaining my thought process. Being a shareholder myself, I am not saying stop earning money but there is some balance. If people see that AM auctions off their first blades and then they just unload TH/s, the next set of blades being auction will have significantly less profits because people know ROI will take much, much longer.

If this is going to be a nonissue, then disregard my previous posts.

I would say it is a non-issue.... there were 10 blades sold.... unless the next batch for sale is 50 TH the only correct way to go is to try and get online a.s.a.p.

[Franktank]

Friedcat also has to keep in mind of the first auction winners. There are folks that just shelled out 75 BTC for 10 GH/s, it wouldn't exactly be fair if ASICMiner doubled the network hash rate before they got their blades (insult to injury). I'm sure this will be addressed in this week's update.

Youre serious? Stop earning money so that others can earn?

Uh no, I didn't do the best job of explaining my thought process. Being a shareholder myself, I am not saying stop earning money but there is some balance. If people see that AM auctions off their first blades and then they just unload TH/s, the next set of blades being auction will have significantly less profits because people know ROI will take much, much longer.

If this is going to be a nonissue, then disregard my previous posts.

I would say it is a non-issue.... there were 10 blades sold.... unless the next batch for sale is 50 TH the only correct way to go is to try and get online a.s.a.p.

Agreed.

[nebulus]

I hope they start using other pools asap.

If we don't start getting more hashing power online soon, it won't matter which pool we use.

You are absolutely clueless about what's going on, aren't you?

[radiumsoup]

I think a good way to get the best of both worlds is to commit to attempt to maintain a set percentage of the global hashrate, and sell the excess. (Say, 20%... I'm not really a fan of the 10% idea, that seems pretty low given the very small number of ASIC players that are publicly known, and by the end of the year, ASICs will control over 90% of the hashrate, if not sooner.) That way, shareholders have a predictable income stream from hashing, and purchasers of devices would know that their devices aren't going to be undercut by AM in any unknown way... pricing of devices would be stabilized (good for purchasers, which should increase demand for devices with better known values of return versus the competition with unknown levels of self-mining), and the only real cause of an individual miner's profit rate decline would then be the global hashrate growth, same as it has been historically.

If the AM share of global hashrate approaches 25%, priority shifts to sales to get it down to 20% for the benefit of device sales... if it goes to 15%, it shifts more to mining. (20% is just a number in my head, I'm sure there's a statistical sweet spot that someone can calculate... perhaps it really is 10%, I dunno.)

[romerun]

avalon is going to flood the network with the diy chips in a distant. How should AM deal with this ?

[gigantic]

AsicMiner will soon, to be Always, will control the majority of the hash rate in the network constantly persistently, this is irresistible, and non-reversible situation
They got the technology, and they can always add more ASICs pretty much Easily.

[hammurabi]

AsicMiner will soon, to be Always, will control the majority of the hash rate in the network constantly persistently, this is irresistible, and non-reversible situation
They got the technology, and they can always add more ASICs pretty much Easily.

Resistance is futile.
--(c)borg