ASICMINER: Entering the Future of ASIC Mining by Inventing It

[Ozymandias]

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

It's all part of his evil plan to make us more money!

[stripykitteh]

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

The hat is deep and the rabbits are plentiful...

[fredtrader]

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!

I doubt sales will be above 1k usb miners per week, I think eventually they will all get sold but I think friedcat will reduce the price before the rest are finally sold. I think on the other hand a steady rate of around 50-100 blades per week can be sustained for a little longer before the price has to drop as well.

[nycgoat]

I just wanted to say thank you to friedcat and all of the rest of you that have been making this work for us.  I finally can post in here after months of lurking, and finally registering a few weeks ago.

[g83]

Congratulations

[ionstorm]

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

lol, I dumped my initial investment and kept my earnings + dividends in when I saw all the sell offs, didnt want to risk all my btc since I was all in, now im half in, half out since I made 100% in a month off asicminer shares

[Melbustus]

How do I buy 2 or 3 of the USB sticks? I'm not seeing any threads under goods/auctions...? Are they not sold in small quantities yet?

[arklan]

How do I buy 2 or 3 of the USB sticks? I'm not seeing any threads under goods/auctions...? Are they not sold in small quantities yet?

check custom hardware section.

[Mausini]

I hope we will see our USB eruptors at e4btc.com and bitcoinstore.com soon

[SebastianJu]

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.

530 USB Sticks shipped? I thought the minimum amount is 300?

[TiuraZ]

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.

530 USB Sticks shipped? I thought the minimum amount is 300?

It is. That was arklan's group buy.

[Melbustus]

How do I buy 2 or 3 of the USB sticks? I'm not seeing any threads under goods/auctions...? Are they not sold in small quantities yet?

check custom hardware section.

Thanks, but your buy is closed! . The other active one is UK-based, it seems... Guess I'll wait until another US one comes along.

[matt4054]

Thanks, but your buy is closed! . The other active one is UK-based, it seems... Guess I'll wait until another US one comes along.

The UK based GB operated by A+C offers worldwide shipping, 4 days shipping to the US = about +0.143 BTC to the hardware costs. 269 already sold out of 300.

[iCEBREAKER]

When will the US-Bees go on sale at Newegg and Amazon???      

[Surprise]

Does anyone know if Friedcat has said conclusively if the goal of 50TH/s by the beginning of June is still within reach or has been pushed back? I looked around the forums and have not found an answer to the question.

[fredtrader]

Does anyone know if Friedcat has said conclusively if the goal of 50TH/s by the beginning of June is still within reach or has been pushed back? I looked around the forums and have not found an answer to the question.

They decided to sell part of the hardware so as not to get too large a portion of the network hashrate

[hammurabi]

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!

ButterFly Labs will have to order somewhere big quantities of asic chips since their design isn't working.
Anytime somebody mentions problems with their chips, BFL_Josh shows up repeating himself continuously that chips are working perfectly well and the problem is elsewhere.
This elsewhere is taking half a year now, so I assume it must be in a chip design itself.

[delaria]

Hi everyone, i'm new around here. How does one buy a "full" asicminer share ? i have checked the various PT but they seem to offer only microshares, am i mistaken?
Thanks for your response
Delaria

[aahzmundus]

Hi everyone, i'm new around here. How does one buy a "full" asicminer share ? i have checked the various PT but they seem to offer only microshares, am i mistaken?
Thanks for your response
Delaria

https://btct.co/security/ASICMINER-PT <- Those are full, pass through, shares.

[VJain]

Hi everyone, i'm new around here. How does one buy a "full" asicminer share ? i have checked the various PT but they seem to offer only microshares, am i mistaken?
Thanks for your response
Delaria

I recommend reading:

https://bitcointalk.org/index.php?topic=188550.0

There are buy/sell in This Subforum as well as the Auction Sub Forum (when people post threads saying the wish to sell/auction).