ASICMINER: Entering the Future of ASIC Mining by Inventing It

[canth]

Definitely need to hear from friedcat about the transaction count/orphan rate of our solo mining.

+1. I know that networking from within China to other countries can be problematic, but it's surprisingly to see the low transaction count/orphan block happen so consistently. I'd like to hear Friedcat's comments rather than speculate further.

[Endlessa]

You will never see twenty percent again with thousands of people deploying asics per month. By the time you recover.   I don't care how many peeps you hire it's simply a matter of economy of scale.

[tokeweed]

is this kinda like cloudhashing?

[JimiQ84]

You will never see twenty percent again with thousands of people deploying asics per month. By the time you recover.   I don't care how many peeps you hire it's simply a matter of economy of scale.

franchising. also elimination of orphans

[jarhed]

Now seems AM has a monopoly on Orphaned Blocks.

[Voodah]

Now seems AM has a monopoly on Orphaned Blocks.

Indeed.

[VeeMiner]

Now seems AM has a monopoly on Orphaned Blocks.

Indeed.

there definitely seems to be some problem with the datacenter, it could hardly be just variance

[murmur]

have I missed something crucial or why is the AM price imploding on dividend day?

[notme]

have I missed something crucial or why is the AM price imploding on dividend day?

firesale!

Edit: Seriously though, the market can only run on hope for so long.  ASICMiner needs to deliver on the blades.

[jarhed]

have I missed something crucial or why is the AM price imploding on dividend day?

AM have yet to find a valid block. I'm still watching, so far, meh.

[empoweoqwj]

have I missed something crucial or why is the AM price imploding on dividend day?

People are s****g themselves because of the current (lack of) hashrate and orphan block issue. Plus news of blade delays etc.

It will recover if AM sort themselves out. Otherwise its going lower shorter term because the network hashrate is going up daily.

[bobboooiie]

have I missed something crucial or why is the AM price imploding on dividend day?

IMO the labcoin IPO is making few people to liquidate their shares

[fdebuck]

have I missed something crucial or why is the AM price imploding on dividend day?

Just in time to pick up some cheap shares with my dividends ! 

[penta]

combination of dropping hashrate, blade delays, more competition, shipping avalon units. and new ipos like labcoin and bitgarden etc.

[velacreations]

dividend predictions?

[stripykitteh]

There hasn't been anywhere else worth investing in for a while either. Friedcat has an excellent track record and I'm sure AM will continue to do well, it's just they've got some actual competition now.

It does seem that the shares are still fairly highly priced; in fact I'm expecting them to fall further. I don't think the company's best days are behind it, but the "taking candy from a baby" days probably are. The company still has its talent intact, and I expect enough cash to fund new product development cycles internally. I don't think Friedcat is surprised that there is now competition nor would he be panicking.

[Franktank]

There hasn't been anywhere else worth investing in for a while either. Friedcat has an excellent track record and I'm sure AM will continue to do well, it's just they've got some actual competition now.

It does seem that the shares are still fairly highly priced; in fact I'm expecting them to fall further. I don't think the company's best days are behind it, but the "taking candy from a baby" days probably are. The company still has its talent intact, and I expect enough cash to fund new product development cycles internally. I don't think Friedcat is surprised that there is now competition nor would he be panicking.

There's a reason why he confirmed the "leaked" slides, announcing a second mining site and deploying potential hash rates of 1 PH/s...

[bitfair]

People on reddit are complaining because of the low transaction count in ASICMiner blocks:
http://www.reddit.com/r/Bitcoin/comments/1jd525/why_is_asicminer_including_only_40_transactions/

Can the chinese firewall be the problem? It would be good if this problem could be fixed  

As friedcat didn't provide any explanation so far, we definitely need to ask this question "officially" at the next question round (I know it's not offical, but still convey a certain weight).

We have been talking about this issue for a while on this thread, and several of us insisted that the main problem is for the reputation of AM.
The fear or hate that rise in some people mind simply by AM having 20% of the hash power must not be underestimated, any reason that can rationaly support this unrational feeling must be avoided at all cost. The small number of transaction is such a reason.

So now the question went outside this thread, and for me this issue has become therfore the most important concern, more than any delay of blades or whatever short-term stuff.

I'm almost certain they could fix the issue in 20 minutes by just editing the config-file of their bitcoin client to connect to a few of the well-known supernodes. That should easily fill the blocks with transactions, and also propagate their blocks quickly so as avoid orphans.

[SimonL]

Asicminer IMO has something that outshines nearly every competitor out there.

Results.

Even Avalon is fumbling distribution of their Asics and angering customers that continue to wait. Asicminer also has the whole package of talent it needs to remain a permanent fixture into the future. They've also been in the mining game the longest. That should speak volumes.

Asicminer has months before the supposed competition even gets in on the ground floor with their next gen ASICS, and lets not forget there is no guarantee the chips they do produce will be as efficient on paper or work to spec. Regardless of their experience or talent, all these new Asic designers should be considered rookies. Whats more there seem to be a percieved rush to get these chips made asap, and there is a much higher likelihood mistakes will be made, and any chink in these new designs could be the difference between getting to market first of getting left behind. BFL is a classic example of what happens in that situation.

I think what's happening is people see movement with new competitors and this has ruffled feathers, people are rushing to lock in gains, shifting money to new offerings in the hope it'll take off like Asicminer did, etc.

I'm expecting in a few days the shine will dull on these companies that have delivered zilch, and Asicminer will continue to underpromise and overdeliver in the coming weeks. I also highly doubt that Friedcat has been sitting idly by while competitors pull the rug out from under him with more efficient chips.

[canth]

I'm almost certain they could fix the issue in 20 minutes by just connecting their editing the config-file of their bitcoin client to connect to a few of the well-known supernodes. That should easily fill the blocks with transactions, and also propagate their blocks quickly so as avoid orphans.

Yup. They could even VPNize the connection to those supernodes for more safety against the great firewall.
Honestly, I'll provide the nodes and VPNs for free, given how cheap and simple it is to do.
It should be a top priority given the benefits.

Have either of you run a data center in china or had customers in china connect to your datacenter in say Tokyo or NY? I have - it's not as easy as it is in other places around the world.

Let's wait for Friedcat's comments before we fix all his problems.