ASICMINER: Entering the Future of ASIC Mining by Inventing It

[lame.duck]

oO The shareprice isnt connected to dividends. Why do you think its another way?

Because the  better the ROI time, the more people  want to get AM shares which will let the price rise. While for  some companies assets also influence the share price i think this is not the case for AM.

I read other persons, that are more informed, opinion about that. Im sure friedcat and his team already thought about the possibilities and it looks that its not worth at the moment to develop a better asic.
Regarding bitfury... first they have to develop... that takes time... and then they can build. Its open how the hashrate of the net will be then and how much return this will yield.

The wafers should be finished  on May 19. (this year). And i would not bet that bitfury will try to copycat the 'BFL success story' for the benefit of their competitors. Sure that there is a possibility that they fail partially or in whole but i would not bet on this. And as you write: those ASICs 'have to develop... that takes time'

[g83]

The plan for the next 3 months of AM is to get 262 TH online.

when dividend is actually about 0.01x @ 20 TH
then it could be like 0.1x per share

[novusordo]

Agreed. Lofty expectations can lead to disappointment and anger that one is owed something. Leading one to try to dictate how things are supposed to be. Reminds me of the Stones song - "You Can't Always Get What You Want", or the meme "First World Problems".

There's no reason not to be excited... after all, ASICMINER is setting these lofty expectations by completely surpassing all previous ones.

These dividends on a weekly (WEEKLY) basis are unheard of, and if you'd prefer to just sit at your desk and happily nod, that's fine with me.

I believe you're attributing my words to Michael? Please don't put words in someone else's mouth. Nor proclaim that someone is not excited because they are not demanding that ASICMINER not hold back dividends instead of re-investing some into future developments.

Some investors just show excitement in another way, could you not consider that?

My bad, sorry about that Michael.

I certainly agree that nobody should be demanding anything either way. I trust friedcat & friends to make good decisions. That's why I gave them my money in the first place!  

[furuknap]

The plan for the next 3 months of AM is to get 262 TH online.

when dividend is actually about 0.01x @ 20 TH
then it could be like 0.1x per share

No, it couldn't, so pour yourself a cold one and chill down :-)

If AM rolls our 262 TH/s without any other vendor rolling out the equivalent, Bitcoin as we know it is dead. This is a fixed sum game, so increasing hashrate isn't going to increase profit, just cost. Right now, the maximum AM can roll out is around 50-60 TH/s without destroying Bitcoin, and that is about 2.5 times what they're currently doing.

.b

[SebastianJu]

btw what is also not discussed enough in this thread: the accomplishment of friedcat and his team. what they achieved is just jaw dropping. tell someone from the "real" world, you invested into a company a year ago and now they pay you your whole investment back EACH WEEK (in usd). Praise the friedcat!!!

Amen!

The plan for the next 3 months of AM is to get 262 TH online.

when dividend is actually about 0.01x @ 20 TH
then it could be like 0.1x per share

You cant calculate this way... we are at around 30% of the bitcoin network hashrate. Which means the maximum possible earning from mining can be max 1,5 x the mined bitcoins now. That is because Asicminer cant go above 50% to not hurt bitcoin currency, trust and value. And the mined bitcoins will stay the same mining with 30% of network while network is at 100TH or mining with 30% while network is at 300TH. The amount of bitcoins mineable remain the same.

[ThickAsThieves]

Friedcat, can you clarify the plan for increasing ASICMINER's hashing for the next 4 weeks?

When will we see more put online again?

Thank you!

[stripykitteh]

ASICMiner Block Eruptor Blades Sales have started!!

Pricing: retail price 49.99BTC each, 48.99 each if quantity >= 10 in a single order, 47.99 each if quantity >= 20 in a single order

Click here for more details.

All the Avalon Batch 2 and 3 buyers must be thrilled!

It will be fascinating to see exactly how many of these puppies get sold, given the funds some people would have locked up in BFL and Avalon. I won't speculate in public but I plugged some numbers in and looked at nominally how much each sale would bring to my modest shareholding and was pretty impressed.

[philipma1957]

The plan for the next 3 months of AM is to get 262 TH online.

when dividend is actually about 0.01x @ 20 TH
then it could be like 0.1x per share

No, it couldn't, so pour yourself a cold one and chill down :-)

If AM rolls our 262 TH/s without any other vendor rolling out the equivalent, Bitcoin as we know it is dead. This is a fixed sum game, so increasing hashrate isn't going to increase profit, just cost. Right now, the maximum AM can roll out is around 50-60 TH/s without destroying Bitcoin, and that is about 2.5 times what they're currently doing.

.b

This is why AM needs to bounce between 20-30% of total network share. Even if they need to sell 2 to 5Th in usb sticks and  blades to individuals so that the network rate grows at the same rate AM grows.  if the network grows to 200Th with 60Th at Am and 60Th of  am gear sold off to individuals along with the other 80th in avalon/fgpas/ bfl/ gpus it will work out fine.  As of today AM appears to be ahead of the curve not behind it.

I am a later investor I have some pt shares but thats okay I will add a share a week even at the high price of 1.5BTC .

yeah the guy that purchased 100 shares at .1 did well.. but I am still making some coin on this.  I am now selling off my gpu farm.  I sold a hd7990 for 800 usd today .. i paid 963 usd to buy it and it earned 1000-1100 usd before I sold it. so the 800 I got was nice. Next I will sell off some hd7970's

[SebastianJu]

I see the new thread about selling 10GH Erupter Blades and im wondering if there is a way to see how many units are sold this way to predict dividends? It looks like it will be done all through email only.

[michaelGedi]

Agreed. Lofty expectations can lead to disappointment and anger that one is owed something. Leading one to try to dictate how things are supposed to be. Reminds me of the Stones song - "You Can't Always Get What You Want", or the meme "First World Problems".

There's no reason not to be excited... after all, ASICMINER is setting these lofty expectations by completely surpassing all previous ones.

These dividends on a weekly (WEEKLY) basis are unheard of, and if you'd prefer to just sit at your desk and happily nod, that's fine with me.

I believe you're attributing my words to Michael? Please don't put words in someone else's mouth. Nor proclaim that someone is not excited because they are not demanding that ASICMINER not hold back dividends instead of re-investing some into future developments.

Some investors just show excitement in another way, could you not consider that?

My bad, sorry about that Michael.

I certainly agree that nobody should be demanding anything either way. I trust friedcat & friends to make good decisions. That's why I gave them my money in the first place!  

all good, it's the childish excitement that gets me... and the calculations like this:

The plan for the next 3 months of AM is to get 262 TH online.

when dividend is actually about 0.01x @ 20 TH
then it could be like 0.1x per share

but yeah... that's just how it is I guess. I am excited too, but I don't need to spam it anywhere (or try to talk share price up, the shares talk themselves up).

a nice bit of rationality goes  a long way

[stripykitteh]

I see AM as a long-run play. Healthy dividends reward those who hold and reinvest. People who jump in and out might miss out on the dividend goodness.

I don't think the price will be that volatile anyway (it hasn't been in the few months since the IPO) but it won't matter to me as I plan to add now in dribs and drabs.

[Melbustus]

The plan for the next 3 months of AM is to get 262 TH online.

when dividend is actually about 0.01x @ 20 TH
then it could be like 0.1x per share

No, it couldn't, so pour yourself a cold one and chill down :-)

If AM rolls our 262 TH/s without any other vendor rolling out the equivalent, Bitcoin as we know it is dead. This is a fixed sum game, so increasing hashrate isn't going to increase profit, just cost. Right now, the maximum AM can roll out is around 50-60 TH/s without destroying Bitcoin, and that is about 2.5 times what they're currently doing.

.b

Well, that's where the equipment sales come in. AM can focus more on selling mining hardware when their hashrate is getting to be too large a percentage of the total network, so they're not even reliant on other vendors rolling out hardware in volume.

[kano]

A final update from yesterday on the USB Erupter performance.

17 hour run statistics on ozcoin using direct Stratum and
 --icarus-options 115200:1:1 --icarus-timing 3.0=80
(see further below for more optimal settings)

Code:

[SUMMARY] =>
(
   [0] => SUMMARY
   [Elapsed] => 61325
   [MHS av] => 334.00
   [Found Blocks] => 0
   [Getworks] => 2779
   [Accepted] => 4686
   [Rejected] => 5
   [Hardware Errors] => 44
   [Utility] => 4.58
   [Discarded] => 5433
   [Stale] => 4
   [Get Failures] => 2
   [Local Work] => 15895
   [Remote Failures] => 0
   [Network Blocks] => 115
   [Total MH] => 20482802.5584
   [Work Utility] => 4.64
   [Difficulty Accepted] => 4686.00000000
   [Difficulty Rejected] => 5.00000000
   [Difficulty Stale] => 4.00000000
   [Best Share] => 11913
)

So - less than 1% HW errors.
I'm not sure if the earlier higher figure yesterday was burn in or overnight being cooler - I'll see today - but certainly don't expect it to get over 1.5% (Ambient temperature for the last 24hours has been around 21C or less)

Accepted hash rate: Difficulty Accepted / Elapsed = 328MH/s

Work utility (4.64) = 332MH/s

So all in all performing ~10% above the expected 300MH/s

Based on those figures I'd suggest the cgminer options to get it to report a little closer to accurate MH/s:
 --icarus-options 115200:1:1 --icarus-timing 3.012=100

The actual timing for mine would be 3.012=128 but I'm not sure what sort of variance there will be with the final product.
The 3.012 number helps get the MH/s display correct but doesn't affect the device performance.
The =100 number determines how long it should hash (100 = 10.0seconds) before restarting work, so if it is too long, it will allow it to go idle and thus reduce performance.
However, being a bit low (in this case 100 is 22% below the expected figure of 128 for me) has a very minor ignorable effect but allows for a large 22% performance variance with devices.

Soon I'll be updating the cgminer Icarus driver to use USB direct (it's the last untouched cgminer serial-USB driver) so these will be HotPlug also soon.

Screen cap at the same time as the above numbers:


Edit: much later edit with a few updates:
Size: 24.5mm wide
Board alone is 45mm long
Board+USB plug is 59.5mm (of course the plug isn't removable)
Weight: 6g
Height; 6mm (the highest component)

Errors: between 1% and 1.5%
Hash rate: 336MH/s

[Theraty]

Interesting

[parseval]

A slightly larger chart than you see on the BTC-TC homepage, displaying the stock performance over the past month.  I hope you like it.

[furuknap]

A slightly larger chart than you see on the BTC-TC homepage, displaying the stock performance over the past month.  I hope you like it.

You may want to update that now, prices at BTCT just shot up about 10% to 1.69 with highest bids at or above 1.6.

.b

EDIT: Very nice job, btw. I wish burnside would add something more flexible on his site, albeit hopefully not as horrible as the Bitfunder thing.

[parseval]

You may want to update that now, prices at BTCT just shot up about 10% to 1.69 with highest bids at or above 1.6.

.b

EDIT: Very nice job, btw. I wish burnside would add something more flexible on his site, albeit hopefully not as horrible as the Bitfunder thing.

The live interactive version is here, it updates with new stock prices every 10 minutes or so..  This is just a dev box, so it's a temporary URL:

http://fnords.dontexist.com/chart/ASICMINER-PT

[furuknap]

The live interactive version is here, it updates with new stock prices every 10 minutes or so..  This is just a dev box, so it's a temporary URL:

http://fnords.dontexist.com/chart/ASICMINER-PT

From a brief glance at the source, you're not getting data directly from BTCT, are you? Any particular reason why? The trade data is public.

If there's a compatibility thing between Highcharts.com expecations and BTCT deliverables, care to reveal the code for /json/ASICMINER-PT?

.b

[helixone]

A slightly larger chart than you see on the BTC-TC homepage, displaying the stock performance over the past month.  I hope you like it.

You may want to update that now, prices at BTCT just shot up about 10% to 1.69 with highest bids at or above 1.6.

.b

EDIT: Very nice job, btw. I wish burnside would add something more flexible on his site, albeit hopefully not as horrible as the Bitfunder thing.

It seems cheap shares are still available on Bitfunder (G.ASICMINER-PT and TAT-ASICMINER), Havelock (TAT-ASICM), and even BTCT.CO (TAT-Asicminer).  (Too bad I'm all in.)

-helixone

[tkone]

anyone know a good place to buy these shares from a PT that i have option to withdraw and have them directly to me?
any PT has that option you guys might know of? im looking to buy some more shares but i want them direct,

thanks