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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3914546 times)
btcbot
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October 02, 2013, 12:35:56 PM
 #13501

I'm definitely in a "wait and see" mode - anything else would be gambling at this point.
[...]
My personal recommendation to investors is to close your positions pending news. There's a lot of downside potential.
I'm sorry, but aren't these two sentences in conflict with each other?
I cannot see how could they cope together.

1- This is my plan.
2- This is what I advise you to do so I could gain off you.

Better now?

Brilliant!  Stock board shorts are seldom quite so inept as this guy... He's obviously not a pro troll; he's just a guy who doesn't care that he is hurting other people for profit. 

 Undecided

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friedcat (OP)
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October 02, 2013, 12:48:09 PM
 #13502

Official ASICMiner Update by the Board

1. Automatic Payment
We are currently working on the payment back-end, and we might begin the design process next week as well.

2. BTCT closing
BTCT told us that they will release the database for us to merge on October 10.

3. Sales/Opportunity Update
We haven’t heard from the previously mentioned potential chip buyer. We met with two other groups making 65/55nm in China interested in collaboration, but we hadn't solid cooperation conclusions yet.

4. Franchising
We have created partnerships with two new franchises.

5. Cooling Update
We hope to share a good video or exhibition materials by the end of the month.

6.Advertising Update
During the next wave of hardware sales, we will increase our advertising efforts.

7. Research & Development
We had tried several different really intricate and speculative designs for 2014, based on the assumption being competitive in a fully saturated market (average return rate getting close to normal business' single digits per year). but originally with a limited channel/staff, it can be very difficult to fully explore them. So, we conducted interviews, and recently identified several exceptional people.

We will be spreading design risk by working on several designs simultaneously and having all other designs' info/simulation results fed back to the main design process. Our designs changed aggressively and the expected successful rate (on a working mask) drops compared to the standard flow so it has to be fully (wave-level) simulated before fabrication.

8. Financial Report
The next official ASICMINER Financial Report is scheduled to be released on October 20s. We had been in the process of accumulating reserves for a two-year-based small lab (all salaries) and a full mask cost for 40nm for one month. Additional income may be reserved for other chip advancements.

9. Hardware Solutions
ASICMINER is exploring and considering several alternative hardware manufacturing roles aside from mining-related products.

SmiGueL
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October 02, 2013, 01:00:02 PM
 #13503

Thanks for the update friedcat!

Prediction: 0.0080

Asicminer Hashrate Charts @ www.asicminercharts.com

Donations BTC: 1SmiGSGWXzD5aZhmw3jyfpBFCgiki45MT
robix
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October 02, 2013, 01:01:02 PM
 #13504

Update before divs. Divs must be awful.
sparky999
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October 02, 2013, 01:04:18 PM
 #13505

that update sounds like they are no where near a working Gen 2 product at the moment - long term it sounds promising I guess
Fabrizio89
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October 02, 2013, 01:08:17 PM
 #13506

Thanks for the update. Good to know franchise is going well.
Jutarul
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October 02, 2013, 01:16:52 PM
 #13507

that update sounds like they are no where near a working Gen 2 product at the moment - long term it sounds promising I guess
As experience tells us, cost per GH is more important than efficiency during the big hashpower inflation and from that perspective Gen 1 is still sufficiently competitive by being able to adjust prices continually.

The ASICMINER Project https://bitcointalk.org/index.php?topic=99497.0
"The way you solve things is by making it politically profitable for the wrong people to do the right thing.", Milton Friedman
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October 02, 2013, 01:24:12 PM
 #13508

Update before divs. Divs must be awful.

From a technical standpoint, every update precedes dividends since they are paid weekly. The odds of an update occurring the same day as a dividend is obviously 1/7. I doubt you can draw any conclusion from that.

It appears as if FC is investing in that newfangled cooling system which can be used in multiple industries and applications aside from mining. I am not certain this is the sort of thing many investors had envisioned when they purchased stock in a mining and ASIC company. There are however related upsides. Heat generation from chip densities might well be a future issue with ASIC producers particularly in data centers. Solving this problem before it becomes a roadblock could indeed provide AM with another competitive advantage as the saturation phase advances. Heat dissipation gave BFL a big black eye when they had to redesign. This problem is only going to get worse, and addressing it now may be pure genius.

I can't even imagine the hash capabilities of a single card jammed with hundreds of 40nm chips if you could keep it from melting down to the center of the Earth. Or a datacenter with thousands of them.

 
robix
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October 02, 2013, 01:31:39 PM
 #13509

Update before divs. Divs must be awful.

From a technical standpoint, every update precedes dividends since they are paid weekly. The odds of an update occurring the same day as a dividend is obviously 1/7. I doubt you can draw any conclusion from that.
Sure. But, silence lasting for weeks, and now an update in front of divs. Hmmm.
Jutarul
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October 02, 2013, 01:42:18 PM
 #13510

Update before divs. Divs must be awful.

From a technical standpoint, every update precedes dividends since they are paid weekly. The odds of an update occurring the same day as a dividend is obviously 1/7. I doubt you can draw any conclusion from that.
Sure. But, silence lasting for weeks, and now an update in front of divs. Hmmm.
I challenge you to imagine what you would do if there are no divs. (Unlikely since one of the purposes of the div is to confirm shareholder holdings, introducing an incentive to give out at least 400,000*dust). On a similar note how do you think this would affect the stock price  Grin

The ASICMINER Project https://bitcointalk.org/index.php?topic=99497.0
"The way you solve things is by making it politically profitable for the wrong people to do the right thing.", Milton Friedman
FNG
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October 02, 2013, 01:44:49 PM
 #13511

that update sounds like they are no where near a working Gen 2 product at the moment - long term it sounds promising I guess
Sounds like Gen 3. Gen 2 has been fully designed and awaiting order quantity (unless I'm wrong)
robix
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October 02, 2013, 01:46:10 PM
 #13512

Update before divs. Divs must be awful.

From a technical standpoint, every update precedes dividends since they are paid weekly. The odds of an update occurring the same day as a dividend is obviously 1/7. I doubt you can draw any conclusion from that.
Sure. But, silence lasting for weeks, and now an update in front of divs. Hmmm.
I challenge you to imagine what you would do if there are no divs. (Unlikely since one of the purposes of the div is to confirm shareholder holdings, introducing an incentive to give out at least 400,000*dust). On a similar note how do you think this would affect the stock price  Grin
Do you expecting an answer?
dmcdad
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October 02, 2013, 01:49:41 PM
 #13513

Dividend confirmed: 0.00800337

Quite respectable all things considered, IMO.
Jutarul
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October 02, 2013, 01:50:03 PM
 #13514

I challenge you to imagine what you would do if there are no divs. ..
Do you expecting an answer?
Take your time.

The ASICMINER Project https://bitcointalk.org/index.php?topic=99497.0
"The way you solve things is by making it politically profitable for the wrong people to do the right thing.", Milton Friedman
robix
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October 02, 2013, 01:53:11 PM
 #13515

I challenge you to imagine what you would do if there are no divs. ..
Do you expecting an answer?
Take your time.
Needless. I was wrong.
sparky999
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October 02, 2013, 01:55:21 PM
 #13516

that update sounds like they are no where near a working Gen 2 product at the moment - long term it sounds promising I guess
Sounds like Gen 3. Gen 2 has been fully designed and awaiting order quantity (unless I'm wrong)

after re reading I think your right, sounds like Gen 3 some time in 2014
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October 02, 2013, 01:57:29 PM
 #13517

Right now, reasonable div.
Short term (this month), we'll get incomes from 500TH/s sold/mining.
Long term, FC update sounds very promising to me.

Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. 
This makes Monero a better candidate to deserve the term "digital cash".
BitAddict
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October 02, 2013, 02:07:39 PM
 #13518

Update before divs. Divs must be awful.

From a technical standpoint, every update precedes dividends since they are paid weekly. The odds of an update occurring the same day as a dividend is obviously 1/7. I doubt you can draw any conclusion from that.
Sure. But, silence lasting for weeks, and now an update in front of divs. Hmmm.

All is bad for you guys.

If friedcat doesn't update all the people crying, and if he updates it sounds suspicious.
 Huh Huh Huh
velacreations
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October 02, 2013, 02:25:25 PM
 #13519

Sure. But, silence lasting for weeks, and now an update in front of divs. Hmmm.
wasn't there an update like a week ago?

and you realize this last update is not from Friedcat, right?  It says so at the very top: Official ASICMiner Update by the Board

robix
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October 02, 2013, 02:28:22 PM
 #13520

Wow. So much excitement.

Edit: I already said, I WAS WRONG.
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