ASICMINER: Entering the Future of ASIC Mining by Inventing It

[malin]

Hi,

I bought on the auction (https://bitcointalk.org/index.php?topic=199616.0) 4 shares , and I have a question, how can I check that I;m a owner of them ?

and is some spredsheet of owners and dividents of them ?


sry for maybe stupid questions, but i;m newbe ;/


br
malin

[1714885071]

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[1714885071]

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[1714885071]

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[1714885071]

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[1714885071]

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[furuknap]

To those that have been following this longer than me...

If I'm not terribly wrong, this one latest sale of 190 Block Erupter blades is valued at over US$1M, which, although nothing in the global scale of thing, seems to be a fairly significant transaction in Bitcoin, not to mention representing $2.50 per share.

What other massive ($1M+) sales or transactions have been done using Bitcoins? The pizza thing wasn't that much in USD and I know about a Porche being sold a little while back, but nothing I've found even comes close.

I want to write an article on this sale, and would like to include comparative numbers.

.b

[John (John K.)]

Sum of BTC: 9048.18999999998
 

[JimiQ84]

Sum of BTC: 9048.18999999998
 

minus shipping and stuff :-) still pretty sweet money

[lophie]

sry for maybe stupid questions, but i;m newbe ;/

Sorry but this does not absolve you from not putting any effort on searching for the darn info first which are in the same freaking section a couple if threads below this one!

https://bitcointalk.org/index.php?topic=159194.0

https://bitcointalk.org/index.php?topic=192268.0

[kano]

Actually WU is what you get paid for. U is denominated in whatever pool difficulty you have while WU is denominated in difficulty 1.

No, WU: includes rejects - which you do not get paid for.

U: is exactly what you get paid for - accepted shares.
I am mining at 1diff so in this case it is even the exact share count when multiplied by the elapsed time and divided by 60.

If you are not mining at 1diff then yes you don't know how much you will be paid, but it still does tell you how many payable shares you have submitted.
The API "Difficulty Accepted" will tell you exactly how many 1diff shares you have submitted

Hm... OT, but I always thought U was adjusting to diff, so if you have a pool with varying difficulty, it wouldn't show accurate numbers, while WU, minus rejects, would always denominate in diff 1.

Oh well, one learns every day.

.b

No you are confusing my comment about shares with difficulty.
As I said above, "I am mining at 1diff so in this case ..."
If you want to work out how much you are paid, you need to know the "Accepted Difficulty" - but if you just want to know how many shares (be they 1diff or 256diff) you have submitted then that's what U: is.
So, yes you cannot guarantee to work out how much you will be paid with U:, but you do know how many 'shares' you have submitted.

Firstly, yes a dev unit, I'm one of the people friedcat contacted last year about sending out dev units

My ASICMINER USB Erupter showed up about an hour ago.
Been playing with the Icarus timing settings still not quite got it right yet.

Obviously yes I'm getting around 300MH/s out of it.

Currently best settings are for anyone wondering while I sort it out:
--icarus-options 115200:2:1 --icarus-timing short

A pic or 2 Click for bigger




Edit: the USB chip is: ID 10c4:ea60 Cygnal Integrated Products, Inc. CP210x UART Bridge / myAVR mySmartUSB light

OK after messing with it for quite a while, I've decided that the optimal settings to use for my one for now are:

--icarus-options 115200:2:1 --icarus-timing 3.0=80

It's definitely getting around 300MH/s (or more) but I'd need to let it run for a few hours at least to get a rough idea.

The MH/s that my Icarus driver reports is affected by the timing numbers - if the 3.0ns number is wrong (which it is) it will affect the reported MH/s
Best way to get an unbiased slightly under-estimate timing is U: after at least a few hours (a day or two is best) - since U: is what you get paid for

Here's a screen grab after running for 10 minutes


Had 1 hardware error in there.
Seems it might get as many as a few an hour - we'll see.
Mine has no heat sink and gets hot to touch so that may be part of it.

... and after asking friedcat about the internals of the chip ... another adjustment to the settings:

 --icarus-options 115200:1:1 --icarus-timing 3.0=80

After I let this run for at least a few hours I should see how far above 300MH/s it really is - coz it certainly seems to be above 300.

[Lohoris]

In that case you might also want to look at the speculation and alt-currency boards.

Thanks, I might do so!

BTW, why do you have a photo of me as your avatar?

Lol, do we look alike? Because that's me.
(or maybe is this some sort of joke? mmmh...)

No, that was my cousin's wedding in 2009.

No, it wasn't. It looks a lot like it though. Almost as if you attempted to recreate it in tableau. Hmmmm

well this isn't creepy at all.

haha yep that's a weird one...

Sorry Lohoris - totally looks like this photo of me at my cousins wedding, but now I compare the two it's not.

Much lol, if it wasn't for the non-matching date (this one was 2012) I would have asked you if this was the same wedding, lol. Here's the full album: it's public anyway.

So, how long have you been working as my doppelganger?

That's a tough job, but it pays well...

[gigantic]

Can someone point on the total hash rate of AM ?

I notices someone is on top, while AM is second on Bitminter

[organofcorti]

Can someone point on the total hash rate of AM ?

I notices someone is on top, while AM is second on Bitminter

No, realasicminer is top on BitMinter with 5Thps.

[SmiGueL]

Can someone point on the total hash rate of AM ?

I notices someone is on top, while AM is second on Bitminter

No, realasicminer is top on BitMinter with 5Thps.

And don't forget the 14+ TH/s on BTCGuild

'Real-time' graphs website can be found here or clickable versions here.

[Mausini]

Excited for div day.

I wouldn't expect the entire gross estimate; better to have friedcat and co. to keep some to keep that hash power up and running. Anything from 0.02-0.025 would be good enough, use the rest to ensure those payouts stay high and consistent.

Thats the beauty in this business. Its already paid with very few bitcoins needed. Of course it can happen that something other has to be paid but there are no big piles of bitcoins needed. There would no way to invest it now because the 200TH are paid already too.

Im really looking forward to the div... when no investment goes away from it it will be the biggest div ever.

I believe it would not be wise to pay out such a huge divend at once. Even if i dont care about PT share value that much, we would have a lot of pump and dump activity on the exchanges which would add unwanted volatility. Volatility is not something large sharholders and friedcat himself would desire, because for them PT share value is useful as an indicator of company value.

IMO it would be desirable to keep dividends at a constant, slowly growing level. There are two options to go:
- Reinvest. It might be a good time to move away from 130 nm now and invest in next-gen chips. With the available amount of money, AM could develop products that would put everyone alse out of competition.
- Keep BTC in cash for future investments or to pay out later

I'm sure friedcat has figured everything out already. Anyway, I'd really like to read some shareholder opinions about that.

[MPOE-PR]

And don't forget the 14+ TH/s on BTCGuild

'Real-time' graphs website can be found here or clickable versions here.

Actually the BitFury people just announced something to the order of 400 Th as a first batch:

Translation: In general, there's almost no limits for sane chip production volumes. One wafer ~4412 chips (how many of them working is still unknown). Maximal production volume which is not hard to order (no extraordinary production planning) is <=2000 wafers per month. Factory will be glad! That's 22 PETAHASH per month. It would be cool to grow to these limits... So there will be no chip crisis. Well, some local crisis may exist, for example we might wait for 2-3 months. We cannot increase number of wafers in an already ordered batch. One of Metabank's goals is to give us a bulk order in June, so we can order right amount of wafers.

You see? They can produce practically any number of chips. So if tomorrow a huge investor or a group of them walk into his place and gives cash for 22 petahash/s... we might see them online in September-October.

That guy has also plunked down an unprecedented $15,000 on a delivery bet with a one month deadline, and yes this is significantly more on a dollar basis than the bet that made Josh Zerlan famous.

For those of you who can't do math (the majority, as we well know), ASICMINER's actually deployed hashing is under 5% of 400TH (more like 3% but hey), and under 0.1% of 22 PH. Which means that if nobody else joins the fray you will be looking at a grandiose under 0.1% of total hashing power by Christmas. Which means about 25 Bitcoin in total revenue per week, distributed over 400,000 shares = 0.000063 BTC per (minus, of course, expenses, which you will provide out of pocket).

The window is closing. Sorry to burst everyone's bubble.

[bitfair]

- Reinvest. It might be a good time to move away from 130 nm now and invest in next-gen chips. With the available amount of money, AM could develop products that would put everyone alse out of competition.

+1

Need to keep that competitive edge - this mono/oligo-poly situation will not last forever, and it would be smart to stay ahead of the curve...

[JimiQ84]

And don't forget the 14+ TH/s on BTCGuild

'Real-time' graphs website can be found here or clickable versions here.

Actually the BitFury people just announced something to the order of 400 Th as a first batch:

Translation: In general, there's almost no limits for sane chip production volumes. One wafer ~4412 chips (how many of them working is still unknown). Maximal production volume which is not hard to order (no extraordinary production planning) is <=2000 wafers per month. Factory will be glad! That's 22 PETAHASH per month. It would be cool to grow to these limits... So there will be no chip crisis. Well, some local crisis may exist, for example we might wait for 2-3 months. We cannot increase number of wafers in an already ordered batch. One of Metabank's goals is to give us a bulk order in June, so we can order right amount of wafers.

You see? They can produce practically any number of chips. So if tomorrow a huge investor or a group of them walk into his place and gives cash for 22 petahash/s... we might see them online in September-October.

That guy has also plunked down an unprecedented $15,000 on a delivery bet with a one month deadline, and yes this is significantly more on a dollar basis than the bet that made Josh Zerlan famous.

For those of you who can't do math (the majority, as we well know), ASICMINER's actually deployed hashing is under 5% of 400TH (more like 3% but hey), and under 0.1% of 22 PH. Which means that if nobody else joins the fray you will be looking at a grandiose under 0.1% of total hashing power by Christmas. Which means about 25 Bitcoin in total revenue per week, distributed over 400,000 shares = 0.000063 BTC per (minus, of course, expenses, which you will provide out of pocket).

The window is closing. Sorry to burst everyone's bubble.

So, you're saying that BitFury will deploy 400TH by themselves? And ruin whole bitcoin thus zeroing their investment? Or they'll sell some 200TH to third party? How long will that take?

[Dexter770221]

BFL is calculated at 400TH. Bitfury first batch is estimated at 200TH and half of this power is sold to 100TH mine: https://bitcointalk.org/index.php?topic=140366.0. If bitfury succeed, 100TH/month will be added with no hassle, IMHO. Friedcat must deploy 200TH quickly. Fascinating times are comming

[stripykitteh]

- Reinvest. It might be a good time to move away from 130 nm now and invest in next-gen chips. With the available amount of money, AM could develop products that would put everyone alse out of competition.

+1

Need to keep that competitive edge - this mono/oligo-poly situation will not last forever, and it would be smart to stay ahead of the curve...

I can recommend to anyone who is new to Bitcoin (like me), read *all* of friedcat's posts on this forum, from oldest to newest. He is in this for the long haul; and he knows that the game will change as new generations of hardware appear. If the trolls on this forum have noticed that AM have competition, he predicted what, who, when and why months ago, and is too capable not to have planned a response.

[stephwen]

And don't forget the 14+ TH/s on BTCGuild

'Real-time' graphs website can be found here or clickable versions here.

Actually the BitFury people just announced something to the order of 400 Th as a first batch:

Translation: In general, there's almost no limits for sane chip production volumes. One wafer ~4412 chips (how many of them working is still unknown). Maximal production volume which is not hard to order (no extraordinary production planning) is <=2000 wafers per month. Factory will be glad! That's 22 PETAHASH per month. It would be cool to grow to these limits... So there will be no chip crisis. Well, some local crisis may exist, for example we might wait for 2-3 months. We cannot increase number of wafers in an already ordered batch. One of Metabank's goals is to give us a bulk order in June, so we can order right amount of wafers.

You see? They can produce practically any number of chips. So if tomorrow a huge investor or a group of them walk into his place and gives cash for 22 petahash/s... we might see them online in September-October.

That guy has also plunked down an unprecedented $15,000 on a delivery bet with a one month deadline, and yes this is significantly more on a dollar basis than the bet that made Josh Zerlan famous.

For those of you who can't do math (the majority, as we well know), ASICMINER's actually deployed hashing is under 5% of 400TH (more like 3% but hey), and under 0.1% of 22 PH. Which means that if nobody else joins the fray you will be looking at a grandiose under 0.1% of total hashing power by Christmas. Which means about 25 Bitcoin in total revenue per week, distributed over 400,000 shares = 0.000063 BTC per (minus, of course, expenses, which you will provide out of pocket).

The window is closing. Sorry to burst everyone's bubble.

It's actually pretty funny to read your rant/wrong predictions from a few months ago on the other topic.
Obviously, as of today, you're still mad that ASICMINER didn't use mpex since it's better performing better than mpex "all stars" like s.dice (which has been going down for the past 6 months).

Aside from that, you're clearly not objective, as shown in the other topic, since you work for mpex, and you evidently resent ASICMINER for refusing to use mpex and grant you btc.

[lophie]

MPOE-PR is here. Eating popcorn and try not to choke on my coke while laughing  . I don't really care if all his predictions came to be even though I am a shareholder. I just hope it happens the other way around just to invoke more rant posts <3 

[michaelGedi]

MPOE-PR is here. Eating popcorn and try not to choke on my coke while laughing  . I don't really care if all his predictions came to be even though I am a shareholder. I just hope it happens the other way around just to invoke more rant posts <3  

"sorry to burst everyone's bubble"


the bubble already burst mate... don't try claim credit for that

[stripykitteh]

Sorry but i wont vote for keeping divs only for the matter of holding the shareprice stable.

I dont see any problem in a volatile share price. Its always good for someone. For seller or for buyer. And i doubt that friedcat has to value his company on shareprice. The pts arent even official.

Reinvesting for creating lower than 130nm doesnt make sense now too. Simply because its very costly to create and then its costly to build such asics. Its way more efficient to build the actual asics in bigger quantities instead building better asics.

Its not needed to keep BTC for future investments now. Everything is paid and its very easy to pay future things with coming dividends.

By the way im a shareholder...

I agree. I advocate for rational management. By that, I mean management that acts in the best interests of shareholders. If the company can get a high return from reinvestment, do whatever is necessary to achieve that. If it can't, then return the capital to shareholders, and let the share price do what it wants. If people want to speculate on the short term price of the security, that's their business, but long term holders should be indifferent to the share-price day-to-day.