ASICMINER: Entering the Future of ASIC Mining by Inventing It

[iCEBREAKER]

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?

Obviously  .  How about instead of passing out insults you educate all of us?     

This thread is not the place.  Its already clogged up with too much commentary, making it very difficult to follow actual asicminer project developements.

IKR?  Tell me about it.  This thread sux0rz.  It doesn't deserve having you as a participant.  We are honored.   

The cool kids are all on the AM hardware threads.  Even friedcat avoids this oober-laymer magnet.

That's why we're not yet discussing his latest missive, with all the awe, rancor, and speculation it is due.   

The following auctions of blades will be after the collection of the feedback and (possibly) the modification and improvement of the design/manufacturing. But before that there will be auctions of USB sticks as soon as they are available. Shipping will also be immediate.

The users of the first round of auction are granted a free upgrade option to the blades of the improved design with the timescale the same as the free replacement warranty.

[furuknap]

We can collectively be Steve Ballmer here.  Just sayin...  I bought my shares to have the interest enough to at least point out the obvious.

No, we can't. That's the fallacy of democracy, that more people are more right than one. There's a reason the most effective entities in the world are not democratic; it simply slows everything down and kills efficiency.

If you do not trust the people you give your money, then you may very well be in the wrong line of money management.

.b

[gmouse]

We can collectively be Steve Ballmer here.  Just sayin...  I bought my shares to have the interest enough to at least point out the obvious.

No, we can't. That's the fallacy of democracy, that more people are more right than one. There's a reason the most effective entities in the world are not democratic; it simply slows everything down and kills efficiency.

If you do not trust the people you give your money, then you may very well be in the wrong line of money management.

.b

I disagree in this case.  We as a whole, thinking together, are absolutely better than one.  This is a very small, concentrated interest here.  Most are not mentally suspect; we are actually among the elite, when it comes to brainpower, you included.

Furthermore, if I had left my investment decisions to my money manager, I would not have had the year-over-year returns that I have had.  I do not "buy and hold" as your money manager probably advises you to to do.

You seem like someone with well intentions, yet I do not so much care about your noble assumption that the CIO or the CEO or the CFO of a company, and one a small as this as this one is, has every last card lined up, is as smart as you want him to be... 

Anyone that buys this: "If you do not trust the people you give your money, then you may very well be in the wrong line of money management." is a fairly naive person at best. 

I'm just trying to help you.  Are you serious?

I just want this company to acknowledge that the trickle of hardware is not going to stem the onslaught of BFL and Avalon, and, I was asking for creative ways for us to address this for our shareholders.

[FuzzyBear]

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.

couldn't find where I could order / preorder one of these or equipment did i miss a link?

[JimiQ84]

couldn't find where I could order / preorder one of these or equipment did i miss a link?

They are not completed yet

[John (John K.)]

couldn't find where I could order / preorder one of these or equipment did i miss a link?

They are not completed yet

They'll probably be auctioned off in the coming weeks here according to friedcat's public annoucements, so get your coins ready for another auction! 

[downying]

Wow, coolest usb drive ever I might just auction it for the sake of keychain.

[SmiGueL]

First sold ASICMINER blades arrived!
ASICMINER Auction: 10 Block Erupter Blades -Post #490

Since the assembly of the new batch was planned to start yesterday, what is the expected date to start mining with it and in what pool?
Would be nice to add it to my docs sheet

[Franktank]

First sold ASICMINER blades arrived!

ASICMINER Auction: 10 Block Erupter Blades -Post #490

Buy from BFL, wait 6+ months

Buy from Avalon, wait 1-2 months

Buy from ASICMiner, get it next week.

Hmmm...

[btceic]

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.

Testing if I can post outside the newb section yet, I am definitely interested in buying a few of these.

[kokojie]

Testing if I can post outside the newb section yet, I am definitely interested in buying a few of these.

You and 10,000 others, and people still wondering why AM shares is at BTC1.1? it's still highly undervalued imho.

[batcoin]

Testing if I can post outside the newb section yet, I am definitely interested in buying a few of these.

You and 10,000 others, and people still wondering why AM shares is at $1.1? it's still highly undervalued imho.

I just updated my sig to help out on that front.

[TheSwede75]

Possibly stupid question. If I buy ASICMINER PT NOW (2.40 pm central time) as of writing of this post. Will I get dividends that are paid out today?

[JimiQ84]

Dividends are gonna be paid tomorrow and yes, you will.

[hammurabi]

Possibly stupid question. If I buy ASICMINER PT NOW (2.40 pm central time) as of writing of this post. Will I get dividends that are paid out today?

Dividends are on Wednesdays (btco) or Fridays (bitfunder).
You can see when it happens on the chart.

[Trillian]

Bought my first bitcoins and AM-PT stocks today. I'm also going to invest LTC in LTC-GLOBAL, I'm expecting a 4x USD/LTC increase in the coming months.

[TheSwede75]

Possibly stupid question. If I buy ASICMINER PT NOW (2.40 pm central time) as of writing of this post. Will I get dividends that are paid out today?

Dividends are on Wednesdays (btco) or Fridays (bitfunder).
You can see when it happens on the chart.

Stupid question: What chart?

[hammurabi]

On bitfunder there is a price chart for each asset.
If you set long enough time horizon you will see a 'D' letter which indicates the very dividend.

[puck2]

OK, it is officially after 4/22. I am watching BTCGuild, and it is sitting around 7GH/s, but I figure ASICMINER may choose to point elsewhere with new hashing to avoid the 51% issue. Any thoughts as to where the new deployment is mining and any evidence of it ramping up?

[hammurabi]

OK, it is officially after 4/22. I am watching BTCGuild, and it is sitting around 7GH/s, but I figure ASICMINER may choose to point elsewhere with new hashing to avoid the 51% issue. Any thoughts as to where the new deployment is mining and any evidence of it ramping up?

Week of April 22th means on Friday at best.
This is a special notion which allows to please hasty people and distribute huge demand over wider spectrum of space-time.