ASICMINER: Entering the Future of ASIC Mining by Inventing It

[Lohoris]

fyi havelockinvestment shares are cheap as hell, riding between .0230-.0243, im putting a large buy order in

I'd rather pay a little more and have a nice site, but that's just me

[stripykitteh]

We also finalized the decision on making the next-gen (65/55nm) chips also fit in a USB powered device so that we could make Block Erupter USB II possible, instead of integrating too many cores into one big chip.

Any electrical engineers in the crowd want to estimate the performance improvement in halving the process size? Maybe 4x? That'd be around 1.35Ghash per chip.

[Franktank]

Update

Online Hashes (theoretical): 24TH/s. Struggling at current 22TH/s in average due to maintenance and troubleshooting (mainly PSU and internal LAN hardware). We are fixing some bottleneck while bringing new hashpower online at the same time.

Shipped Blades: 278. The sales keeps a slow but steady pace.

Shipped USB Sticks: 530. A lot more in the following week.

We are using the same transaction policy of the official Bitcoin client's default behavior.

We also finalized the decision on making the next-gen (65/55nm) chips also fit in a USB powered device so that we could make Block Erupter USB II possible, instead of integrating too many cores into one big chip.

Great!!! Do you have a rough timeline for next-gen?

If friedcat mentioned its going to be implemented in USB Miner 2.0, its gotta be Coming Soon™ then.

[friedcat]

Update

Online Hashes (theoretical): 24TH/s. Struggling at current 22TH/s in average due to maintenance and troubleshooting (mainly PSU and internal LAN hardware). We are fixing some bottleneck while bringing new hashpower online at the same time.

Shipped Blades: 278. The sales keeps a slow but steady pace.

Shipped USB Sticks: 530. A lot more in the following week.

We are using the same transaction policy of the official Bitcoin client's default behavior.

We also finalized the decision on making the next-gen (65/55nm) chips also fit in a USB powered device so that we could make Block Erupter USB II possible, instead of integrating too many cores into one big chip.

Was that 278 in the last week, or 278 including the 190-odd in the 3rd auction?

278 in total, including the 3rd auction.

The 3rd auction turned out to not having 190 in total since some didn't pay till now.

[Rampion]

Update

Online Hashes (theoretical): 24TH/s. Struggling at current 22TH/s in average due to maintenance and troubleshooting (mainly PSU and internal LAN hardware). We are fixing some bottleneck while bringing new hashpower online at the same time.

Shipped Blades: 278. The sales keeps a slow but steady pace.

Shipped USB Sticks: 530. A lot more in the following week.

We are using the same transaction policy of the official Bitcoin client's default behavior.

We also finalized the decision on making the next-gen (65/55nm) chips also fit in a USB powered device so that we could make Block Erupter USB II possible, instead of integrating too many cores into one big chip.

Was that 278 in the last week, or 278 including the 190-odd in the 3rd auction?

278 in total, including the 3rd auction.

The 3rd auction turned out to not having 190 in total since some didn't pay till now.

May I ask how many blades are available for sale?

[gog1]

Good to hear about next gen chip.  Any rough projection on timeline?

[Aedius]

Anyone not receive dividends yesterday? I purchased direct shares and the transfer was confirmed by friedcat on Tuesday but I have not received a confirmation satoshi or dividends 

[stripykitteh]

Just a personal observation on the USB sticks - I think everyone else in ASIC-land is going to be shocked how successful these are going to be. Yes, the performance is modest and the prospect of payback in a reasonable time is mostly dependent on the btc:fiat exchange rate going up. But I bought one anyway, for a few of reasons:

• they're pretty cool
• they're relatively cheap in terms of absolute cost, if not in terms of payback
• they're a momento of the early days of ASICs
• I'm going to hook it up to a raspberry pi and teach my young son about mining. He keeps the income if he looks after it.

For all of that, I think BTC1.99 is a bargain.

[Fabrizio89]

If you're an early adopter or an early investor of AM, it is obviously a no brainer. I'd really like to have one of those usb sticks, but at the moment I cannot afford it. I wouldn't really mind about the profit margin, I'd just love to mine for the network at all times, at practically no power consumption. I'd just have to wait a drop in price, in the future.

[arklan]

fyi, the first package of 200 USB miners is on a truck for delivery to me today.

i'll post pictures and such in my group buy thread, and here too, if there's desire.

[Mausini]

fyi, the first package of 200 USB miners is on a truck for delivery to me today.

i'll post pictures and such in my group buy thread, and here too, if there's desire.

there is desire

[g83]

fyi, the first package of 200 USB miners is on a truck for delivery to me today.

i'll post pictures and such in my group buy thread, and here too, if there's desire.

Will you use them as kind of lil'miningfarm ?  

[arklan]

fyi, the first package of 200 USB miners is on a truck for delivery to me today.

i'll post pictures and such in my group buy thread, and here too, if there's desire.

Will you use them as kind of lil'miningfarm ?  

it's for a group buy, so besides the 5 of my own, i'll just be packing and mailing them out.

besides, 530 (total amount i'm getting) would require... what, 4 or 5 pcs and ...a lot... of hubs? yea. no.

[conv3rsion]

I really want one of these USB miners, even just as a toy moreso than something with quick ROI. They are awesome.

[Ozymandias]

I'm going to try to buy one of those miners off someone in Arklan's group buy. I know that there's a good chance that it'll never roi, but they're just so cute!

[circuitry]

Update

Online Hashes (theoretical): 24TH/s. Struggling at current 22TH/s in average due to maintenance and troubleshooting (mainly PSU and internal LAN hardware). We are fixing some bottleneck while bringing new hashpower online at the same time.

Shipped Blades: 278. The sales keeps a slow but steady pace.

Shipped USB Sticks: 530. A lot more in the following week.

We are using the same transaction policy of the official Bitcoin client's default behavior.

We also finalized the decision on making the next-gen (65/55nm) chips also fit in a USB powered device so that we could make Block Erupter USB II possible, instead of integrating too many cores into one big chip.

So next week dividend, theoretically and at a sustained hashrate could go like this:

Mining: �~1030BTC/day  x  7 days = 7,210BTC
USB sales: 9470  x  1.99BTC = 18,845BTC
Blade sales: let's estimate a conservative 100 x 50BTC = 5,000BTC

31055BTC  / 400,000 shares = 0.077635BTC/share

 

Please feel free to correct my expectations if I'm being too optimistic.

[circuitry]

So next week dividend, theoretically and at a sustained hashrate could go like this:

Mining: �~1030BTC/day  x  7 days = 7,210BTC
USB sales: 9470  x  1.99BTC = 18,845BTC
Blade sales: let's estimate a conservative 100 x 50BTC = 5,000BTC

31055BTC  / 400,000 shares = 0.077635BTC/share

 

Please feel free to correct my expectations if I'm being too optimistic.

I don't think all usb sticks will be considered in this dividend.

You have to add that some of the payments of the orders made last week were not completed, friedcat said in this dividend there shuold be some income by those sells too. No specific amount was given.

Didn't know that last bit, thanks

But hey, even if they only include 1/4 of the USB sticks this week, it's gonna be around 0.042BTC/share which would be goddamn impressive.

[Ozymandias]

Update

Online Hashes (theoretical): 24TH/s. Struggling at current 22TH/s in average due to maintenance and troubleshooting (mainly PSU and internal LAN hardware). We are fixing some bottleneck while bringing new hashpower online at the same time.

Shipped Blades: 278. The sales keeps a slow but steady pace.

Shipped USB Sticks: 530. A lot more in the following week.

We are using the same transaction policy of the official Bitcoin client's default behavior.

We also finalized the decision on making the next-gen (65/55nm) chips also fit in a USB powered device so that we could make Block Erupter USB II possible, instead of integrating too many cores into one big chip.

So next week dividend, theoretically and at a sustained hashrate could go like this:

Mining: �~1030BTC/day  x  7 days = 7,210BTC
USB sales: 9470  x  1.99BTC = 18,845BTC
Blade sales: let's estimate a conservative 100 x 50BTC = 5,000BTC

31055BTC  / 400,000 shares = 0.077635BTC/share

 

Please feel free to correct my expectations if I'm being too optimistic.

While that would be absolutely fantastic, I'd like to propose a more conservative estimate regarding sales (I agree with your mining estimate so I'll keep your numbers):

Mining: �~1030BTC/day  x  7 days = 7,210BTC
USB sales: 4000  x  1.99BTC = 7,960BTC
Blade sales: 50 x 50BTC = 2,500BTC

17670BTC / 400,000 shares = 0.044175BTC/share

The reason I cut the blade sales in half was that as difficulty rises and price stays the same I would expect demand to drop. As for the USBs, while I've heard rumors that all 10k were already sold (would love to get confirmation on this) the group buys visible on the forum would suggest a much smaller number closer to 1,000-2,000 usbs though I fully expect there to be some bulk buys by resellers that were not made public which is why I bumped my estimate from 1-2k to ~4k usb miners.

If anyone has any corrections or know about something that I might've missed, please let me know. All that being said, a 0.044 dividend is nothing to sneeze at and I am very excited for next Wednesday!

[stripykitteh]

Mining: �~1030BTC/day  x  7 days = 7,210BTC
USB sales: 9470  x  1.99BTC = 18,845BTC
Blade sales: let's estimate a conservative 100 x 50BTC = 5,000BTC

31055BTC  / 400,000 shares = 0.077635BTC/share

 

Please feel free to correct my expectations if I'm being too optimistic.

I admire your enthusiasm, but I think you're a leetle bit optimistic about the blades. friedcat said 278 blades sold total, so that's 60 from the first 2 auctions, and 218 from the 3rd auction plus a week and a bit since. It could be that many people who wanted a blade have one now. I think less than 50 by next week is probably more likely. USB, hard to say?

I presume from friedcat's comment about choosing a design for the 65nm chip that will allow it to be put on a USB stick that the amount of interest in it is great and Bitfountain have high expectations for the product. I mean, it almost sounds like he considers USB sales in the long term to be rivaling blades in importance. Wow.

[romerun]

everytime I'm about to think of dumping my shares, friedcat always give a keynote to hold me off.