TECHICENINE
Newbie
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Activity: 28
Merit: 0
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June 29, 2013, 10:15:41 AM |
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ICANN ~> UCANT see how that works...thanks
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Strange Vlad
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June 29, 2013, 10:39:14 AM |
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Q: After the batch shipping from Avalon and BFL, how would the manufacturers in Shenzhen compete with them?
Friedcat: Our advantage to manufacture chips at the cost price is invincible.
I liked this part the most  |
Do not try and bend the spoon. That's impossible. Instead... only try to realize the truth. There is no spoon. Then you'll see, that it is not the spoon that bends, it is only yourself.
1CdVTkA288cd3m1jkdqPjUfhQ5ebei8gVT
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weep
Newbie
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Activity: 9
Merit: 0
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June 29, 2013, 10:39:48 AM |
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English translation of slides from https://bitcointalk.org/index.php?topic=2462533.4BTC * 400,000 = 1360,000BTC
> 0.136 billion USD
Q: How much hashing power does Bitfountain plan to deploy within this year?
Friedcat: 800-1000T within this year.
Q: What are the specs of the second batch? When will the mass production begin?
Friedcat: The exact numbers will only be known when the chips are out of fab, currently we only have simulated results. Mass production will be in October the earliest.
Q: What would be the physical address of the offshore company be to registered?
Friedcat: It will be on an island where financial freedom is more possible to achieve.
Q: Do you have plans for future other than mining and selling hardware?
Friedcat: ASICMINER's business is confined within mining and selling mining hardware. We might do some
periphery work, but that won't be too distant.
Q: What kind of investors or business partners are you keeping in touch with?
Friedcat: We currently don't accept external funds, so there is no private investors. The partners we keep in touch with are mostly tech related.
Q: After the batch shipping from Avalon and BFL, how would the manufacturers in Shenzhen compete with them?
Friedcat: Our advantage to manufacture chips at the cost price is invincible.
Q: Are you hiring? What kind of people do you need?
Friedcat: We need people specialized in analog electronics, but we don't put much hope in finding this kind of people within China.
Q: Any plans or strategies that are suitable for the public to know?
Friedcat: We will be focusing more on the area that we have the most advantage in. It depends on whether we have more advantage in chip design or the ability to deployment fast.
Q: Why the hashing power of AM is not stable?
Friedcat: The variance of solo mining itself is relatively huge. And the whole network is being DDOS'ed lately, the 0.8.3 version of the software has fixed some bugs so as to prevent DDOS.
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ArcticWolf
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June 29, 2013, 10:40:47 AM |
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English translation of slides from https://bitcointalk.org/index.php?topic=2462533.4BTC * 400,000 = 1360,000BTC
> 0.136 billion USD
Q: How much hashing power does Bitfountain plan to deploy within this year?
Friedcat: 800-1000T within this year.
Q: What are the specs of the second batch? When will the mass production begin?
Friedcat: The exact numbers will only be known when the chips are out of fab, currently we only have simulated results. Mass production will be in October the earliest.
Q: What would be the physical address of the offshore company be to registered?
Friedcat: It will be on an island where financial freedom is more possible to achieve.
Q: Do you have plans for future other than mining and selling hardware?
Friedcat: ASICMINER's business is confined within mining and selling mining hardware. We might do some
periphery work, but that won't be too distant.
Q: What kind of investors or business partners are you keeping in touch with?
Friedcat: We currently don't accept external funds, so there is no private investors. The partners we keep in touch with are mostly tech related.
Q: After the batch shipping from Avalon and BFL, how would the manufacturers in Shenzhen compete with them?
Friedcat: Our advantage to manufacture chips at the cost price is invincible.
Q: Are you hiring? What kind of people do you need?
Friedcat: We need people specialized in analog electronics, but we don't put much hope in finding this kind of people within China.
Q: Any plans or strategies that are suitable for the public to know?
Friedcat: We will be focusing more on the area that we have the most advantage in. It depends on whether we have more advantage in chip design or the ability to deployment fast.
Q: Why the hashing power of AM is not stable?
Friedcat: The variance of solo mining itself is relatively huge. And the whole network is being DDOS'ed lately, the 0.8.3 version of the software has fixed some bugs so as to prevent DDOS.
Who is awesome? You are awesome Thanks man! |
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aahzmundus
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June 29, 2013, 10:46:20 AM |
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If this translation is incorrect... i will cry!
Enjoy the donation!
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Franktank
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June 29, 2013, 10:53:16 AM |
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English translation of slides from https://bitcointalk.org/index.php?topic=2462533.4BTC * 400,000 = 1360,000BTC
> 0.136 billion USD
Q: How much hashing power does Bitfountain plan to deploy within this year?
Friedcat: 800-1000T within this year.
Q: What are the specs of the second batch? When will the mass production begin?
Friedcat: The exact numbers will only be known when the chips are out of fab, currently we only have simulated results. Mass production will be in October the earliest.
Q: What would be the physical address of the offshore company be to registered?
Friedcat: It will be on an island where financial freedom is more possible to achieve.
Q: Do you have plans for future other than mining and selling hardware?
Friedcat: ASICMINER's business is confined within mining and selling mining hardware. We might do some
periphery work, but that won't be too distant.
Q: What kind of investors or business partners are you keeping in touch with?
Friedcat: We currently don't accept external funds, so there is no private investors. The partners we keep in touch with are mostly tech related.
Q: After the batch shipping from Avalon and BFL, how would the manufacturers in Shenzhen compete with them?
Friedcat: Our advantage to manufacture chips at the cost price is invincible.
Q: Are you hiring? What kind of people do you need?
Friedcat: We need people specialized in analog electronics, but we don't put much hope in finding this kind of people within China.
Q: Any plans or strategies that are suitable for the public to know?
Friedcat: We will be focusing more on the area that we have the most advantage in. It depends on whether we have more advantage in chip design or the ability to deployment fast.
Q: Why the hashing power of AM is not stable?
Friedcat: The variance of solo mining itself is relatively huge. And the whole network is being DDOS'ed lately, the 0.8.3 version of the software has fixed some bugs so as to prevent DDOS.
If this is true, 10 BTC/share is not unreasonable. Again, this is unverified information still but once it is confirmed.... |
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freedomno1
Legendary
Offline
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
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June 29, 2013, 10:56:49 AM |
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Pending confirmation I am excited to say the least  |
Believing in Bitcoins and it's ability to change the world
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yuchuanzhen
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June 29, 2013, 11:08:34 AM |
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English translation of slides from https://bitcointalk.org/index.php?topic=2462533.4BTC * 400,000 = 1360,000BTC
> 0.136 billion USD
Q: How much hashing power does Bitfountain plan to deploy within this year?
Friedcat: 800-1000T within this year.
Q: What are the specs of the second batch? When will the mass production begin?
Friedcat: The exact numbers will only be known when the chips are out of fab, currently we only have simulated results. Mass production will be in October the earliest.
Q: What would be the physical address of the offshore company be to registered?
Friedcat: It will be on an island where financial freedom is more possible to achieve.
Q: Do you have plans for future other than mining and selling hardware?
Friedcat: ASICMINER's business is confined within mining and selling mining hardware. We might do some
periphery work, but that won't be too distant.
Q: What kind of investors or business partners are you keeping in touch with?
Friedcat: We currently don't accept external funds, so there is no private investors. The partners we keep in touch with are mostly tech related.
Q: After the batch shipping from Avalon and BFL, how would the manufacturers in Shenzhen compete with them?
Friedcat: Our advantage to manufacture chips at the cost price is invincible.
Q: Are you hiring? What kind of people do you need?
Friedcat: We need people specialized in analog electronics, but we don't put much hope in finding this kind of people within China.
Q: Any plans or strategies that are suitable for the public to know?
Friedcat: We will be focusing more on the area that we have the most advantage in. It depends on whether we have more advantage in chip design or the ability to deployment fast.
Q: Why the hashing power of AM is not stable?
Friedcat: The variance of solo mining itself is relatively huge. And the whole network is being DDOS'ed lately, the 0.8.3 version of the software has fixed some bugs so as to prevent DDOS.
If this is true, 10 BTC/share is not unreasonable. Again, this is unverified information still but once it is confirmed.... YES.This is 99.999% true.It was released by rockxie. About rockxie: https://bitcointalk.org/index.php?topic=217104.msg2559360#msg2559360 |
Tip:17YxKtDNYWjkhPYTKieh4xSGuyAfL4kJ5o
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iCEBREAKER
Legendary
Offline
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
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June 29, 2013, 11:12:31 AM |
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(namecoin is) the only existing alternative to the ICANN monopoly.
No, there are many, many other ICANN alternatives. They are all useless, just like Namecoin. Why? Because regular people can't access them. It's not reasonable to ask everyone on the entire internet to install plugins if they want to access your domains. Namecoin will never be a serious alternative to DNS. "Regular people" don't use Bitcoin. This community is a mecca for early adopters, not "everyone on the entire internet." How are you any more useful than those saying 'there are many dollar alternatives, they are all useless just like Bitcoin?' |
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Monero
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| "The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." David Chaum 1996
"Fungibility provides privacy as a side effect." Adam Back 2014
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bbxx
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June 29, 2013, 11:13:42 AM |
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Really interesting news about island.
Waiting for huge hashrate drop due to transport blades by ship, or maybe farm will be working on the ship?
Island with solar panels, ocean wave energy, wind energy and huge asic farm will be amazing.
Every share now is worth a lot more, please sell.
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freedomno1
Legendary
Offline
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
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June 29, 2013, 11:14:02 AM |
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English translation of slides from https://bitcointalk.org/index.php?topic=2462533.4BTC * 400,000 = 1360,000BTC
> 0.136 billion USD
Q: How much hashing power does Bitfountain plan to deploy within this year?
Friedcat: 800-1000T within this year.
Q: What are the specs of the second batch? When will the mass production begin?
Friedcat: The exact numbers will only be known when the chips are out of fab, currently we only have simulated results. Mass production will be in October the earliest.
Q: What would be the physical address of the offshore company be to registered?
Friedcat: It will be on an island where financial freedom is more possible to achieve.
Q: Do you have plans for future other than mining and selling hardware?
Friedcat: ASICMINER's business is confined within mining and selling mining hardware. We might do some
periphery work, but that won't be too distant.
Q: What kind of investors or business partners are you keeping in touch with?
Friedcat: We currently don't accept external funds, so there is no private investors. The partners we keep in touch with are mostly tech related.
Q: After the batch shipping from Avalon and BFL, how would the manufacturers in Shenzhen compete with them?
Friedcat: Our advantage to manufacture chips at the cost price is invincible.
Q: Are you hiring? What kind of people do you need?
Friedcat: We need people specialized in analog electronics, but we don't put much hope in finding this kind of people within China.
Q: Any plans or strategies that are suitable for the public to know?
Friedcat: We will be focusing more on the area that we have the most advantage in. It depends on whether we have more advantage in chip design or the ability to deployment fast.
Q: Why the hashing power of AM is not stable?
Friedcat: The variance of solo mining itself is relatively huge. And the whole network is being DDOS'ed lately, the 0.8.3 version of the software has fixed some bugs so as to prevent DDOS.
If this is true, 10 BTC/share is not unreasonable. Again, this is unverified information still but once it is confirmed.... YES.This is 99.999% true.It was released by rockxie. About rockxie: https://bitcointalk.org/index.php?topic=217104.msg2559360#msg2559360Well to be technical the release is credited to rockxie but the post was from FriedFish Hence the 99.999% Waits on the 0.001 to celebrate but I'm leaning to confirmed at this time |
Believing in Bitcoins and it's ability to change the world
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weep
Newbie
Offline
Activity: 9
Merit: 0
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June 29, 2013, 11:21:07 AM |
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Updated version with minor grammatical corrections:
for future -> for the future
to deployment fast -> to deploy fast
more possible to achieve -> more easily to achieve
much hope -> too much hope
Thank you for your tips, aahzmundus and ArcticWolf:)
--------------------------------------------------------------
3.4BTC * 400,000 = 1360,000BTC
> 0.136 billion USD
Q: How much hashing power does Bitfountain plan to deploy within this year?
Friedcat: 800-1000T within this year.
Q: What are the specs of the second batch? When will the mass production begin?
Friedcat: The exact numbers will only be known when the chips are out of fab, currently we only have simulated results. Mass production will be in October the earliest.
Q: What would be the physical address of the offshore company be to registered?
Friedcat: It will be on an island where financial freedom is more easily to achieve.
Q: Do you have plans for the future other than mining and selling mining hardware?
Friedcat: ASICMINER's business is confined within mining and selling mining hardware. We might do some
periphery work, but that won't be too distant.
Q: What kind of investors or business partners are you keeping in touch with?
Friedcat: We currently don't accept external funds, so there is no private investors. The partners we keep in touch with are mostly tech related.
Q: After the batch shipping from Avalon and BFL, how would the manufacturers in Shenzhen compete with them?
Friedcat: Our advantage to manufacture chips at the cost price is invincible.
Q: Are you hiring? What kind of people do you need?
Friedcat: We need people specialized in analog electronics, but we don't put too much hope in finding this kind of people within China.
Q: Any plans or strategies that are suitable for the public to know?
Friedcat: We will be focusing more on the area that we have the most advantage in. It depends on whether we have more advantage in chip design or the ability to deploy fast.
Q: Why the hashing power of AM is not stable?
Friedcat: The variance of solo mining itself is relatively huge. And the whole network is being DDOS'ed lately, the 0.8.3 version of the software has fixed some bugs so as to prevent DDOS.
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yuchuanzhen
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June 29, 2013, 11:43:45 AM |
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Well to be technical the release is credited to rockxie but the post was from FriedFish Hence the 99.999% Waits on the 0.001 to celebrate but I'm leaning to confirmed at this time One more thing as I know,the new blade will be half price.Not exactly,but pretty much. Also,we will have a mini one. |
Tip:17YxKtDNYWjkhPYTKieh4xSGuyAfL4kJ5o
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aahzmundus
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June 29, 2013, 11:55:14 AM |
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Well to be technical the release is credited to rockxie but the post was from FriedFish Hence the 99.999% Waits on the 0.001 to celebrate but I'm leaning to confirmed at this time One more thing as I know,the new blade will be half price.Not exactly,but pretty much. Also,we will have a mini one. Is this information in the presentation? How do you know the new blade will be half price? Mini blade? details?. Sent you a tip for confirming the translation/providing valuable information... keep it up! |
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Pierre
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June 29, 2013, 12:03:39 PM |
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Question: When Friedcat says 800-1000 T this year, does he mean by December 2013? Or does he mean in the next 12 months?
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binaryFate
Legendary
Offline
Activity: 1512
Merit: 1012
Still wild and free
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June 29, 2013, 12:07:50 PM |
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Question: When Friedcat says 800-1000 T this year, does he mean by December 2013? Or does he mean in the next 12 months?
Pretty sure it's December 2013. This number makes perfect sense for December, while 12 months from now is too far for projections. My 0.02 BTC. |
Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. This makes Monero a better candidate to deserve the term "digital cash".
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bigbeninlondon
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June 29, 2013, 12:08:45 PM |
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(namecoin is) the only existing alternative to the ICANN monopoly.
No, there are many, many other ICANN alternatives. They are all useless, just like Namecoin. Why? Because regular people can't access them. It's not reasonable to ask everyone on the entire internet to install plugins if they want to access your domains. Namecoin will never be a serious alternative to DNS. "Regular people" don't use Bitcoin. This community is a mecca for early adopters, not "everyone on the entire internet." How are you any more useful than those saying 'there are many dollar alternatives, they are all useless just like Bitcoin?' Also, hidden tor services aren't accessible by everyone. You need special software to access them. Yet somehow Silk Road is doing rather well... |
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aahzmundus
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June 29, 2013, 12:10:38 PM |
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Question: When Friedcat says 800-1000 T this year, does he mean by December 2013? Or does he mean in the next 12 months?
I have no idea... but I doubt we will deploy that much. Previously Asicminer went under the deployment targets... not because we did not have the blades, but because the competition never really... competed. Deploying too much too soon just makes it harder for us in the long run. The goal always was 10% of the network, and it has been the norm now for a while to be FAR above that. I imagine this will mean more hardware sales, which I love, because that is profit NOW instead of having to wait for months of mining. |
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ShroomsKit
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June 29, 2013, 12:18:54 PM |
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Question: When Friedcat says 800-1000 T this year, does he mean by December 2013? Or does he mean in the next 12 months?
9 out of 10 times this year obviously means before the end of the year. |
Its price is not a very relevant factor in its adoption....
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yuchuanzhen
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June 29, 2013, 12:19:42 PM |
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One more thing as I know,the new blade will be half price.Not exactly,but pretty much.
Also,we will have a mini one.
Is this information in the presentation? How do you know the new blade will be half price? Mini blade? details?. Sent you a tip for confirming the translation/providing valuable information... keep it up! Sorry,but I don't have the detail. There was a meeting in Shanghai,China this afternoon.I mean,local time. We all hope Rockxie will release the price of the new blade,but that's we got. And that's the source,half official. Anyway,thanks for the tip.  |
Tip:17YxKtDNYWjkhPYTKieh4xSGuyAfL4kJ5o
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