ASICMINER: Entering the Future of ASIC Mining by Inventing It

[chriswilmer]

Are gen2 not ASICs as well?  

They are, but hopefully not stone age ASICs

I means the current generation uses what? 7.5W per GH/s? Compare that to the competition rolling out ASICs @ 0.5 W per GH/s

Most miners buying AM hardware are residential miners. They can only pull so much power out of the wall before things break or people (flatmates, landlords, wife, etc) freak out due to heat, space & noise concerns. So if you want to sell hardware, energy consumption per GH/s does matter. A lot.

Immersion cooling for Gen1 hardware is just a band-aid. Moving to 22/28nm is the solution. If the competition can, why can't AM?

Hopefully AM is taking the long view of things. Bitcoin is here to stay and that means mining is going to continue for the next 20+ years (or hundreds, but let's not go there...)... a few months here or there in deployment is just a blip on the timescale. I am sure that this immersion cooling will come in handy with any generation of ASIC hardware in the future.

On an unrelated note... will http://erpao.info/ report the hashing power from the immersion cooling data center as well?

[velacreations]

So if you want to sell hardware, energy consumption per GH/s does matter.

cost per GH/s matters more

Moving to 22/28nm is the solution. If the competition can, why can't AM?

I'm curious why you would assume they are not moving in that direction.

[Strange Vlad]

Thanks for the update, friedcat.

We need to get out of the ASIC stone age.

Smaller node chips cost more money and time to develop.  Switching nodes is like shifting gears: you want to shift not too late nor too early but just in time.  Some have decided to shift earlier (or even start on the second gear), and friedcat decided to shift later.  We shall see who got closer to "just in time".

I can't imagine the Herculean workload you are undertaking right now TAT... no one can say that you aren't earning your management fee! Good luck!

He is indeed.  That's why I decided not to transfer my shares right away, but to leave them alone to be auto-converted to direct.  When things settle down a bit, I will import them back.  You know, just to relieve at least my tiny bit of strain on TAT and Ethan.  And as additional benefit, I get to choose the best exchange later than the crowd (could have chosen BitFunder and have additional worry now).  Maybe another exchange appears.  Or maybe I just wait till the Colored Coins are finished and friedcat converts direct shares to them.

I'm not sure a hidden service wouldn't work just as well.  Somebody should just buy Burnside's code and use Tor.  

They wouldn't.  Hidden services are too slow for trading, and too cumbersome for serious investors.  Besides, they would imply association with the black markets, which wouldn't help building trust.

Colored Coins, on the other hand, are elegant, efficient, fast, simple, secure, awesome and sexy.  Only not quite finished yet...

[stefffe]

Wow, worst divend in a long time? 0.05832576

[lophie]

Wow, worst divend in a long time? 0.05832576

Here comes the flood of the price going down.........

[ThickAsThieves]

Wow, worst divend in a long time? 0.05832576

Here comes the flood of the price going down.........

That amount is incorrect.

[forensick]

0.00486048

[lophie]

Wow, worst divend in a long time? 0.05832576

Here comes the flood of the price going down.........

That amount is incorrect.

The amount is even lower....

[glendall]

Wow, worst divend in a long time? 0.05832576

Here comes the flood of the price going down.........

Perhaps...Someone just put 112 shares up for sale on Havelock. ..

[stefffe]

Wow, worst divend in a long time? 0.05832576

Here comes the flood of the price going down.........

That amount is incorrect.

The amount is even lower....

Lol yeah, 0.00486048 is rite

[lophie]

Wow, worst divend in a long time? 0.05832576

Here comes the flood of the price going down.........

Perhaps...Someone just put 112 shares up for sale on Havelock. ..

O_O!!!, the wave started.... goodbye ASICMINER..... the 200TH better come online soon or you are down the drain to IPO price....

[JimiQ84]

Wow, worst divend in a long time? 0.05832576

Here comes the flood of the price going down.........

Perhaps...Someone just put 112 shares up for sale on Havelock. ..

O_O!!!, the wave started.... goodbye ASICMINER..... the 200TH better come online soon or you are down the drain to IPO price....

Keep trying to undermine the price, but your efforts are futile. Better hop back on now, or be sorry later. Friedcat provided very reasonable update - hashrate is doubling in matter of days to ~126TH/s.

[wtfvanity]

Wow, worst divend in a long time? 0.05832576

Here comes the flood of the price going down.........

Perhaps...Someone just put 112 shares up for sale on Havelock. ..

O_O!!!, the wave started.... goodbye ASICMINER..... the 200TH better come online soon or you are down the drain to IPO price....

I will buy them all at IPO price lol.

[VolanicEruptor]

Wow, worst divend in a long time? 0.05832576

Here comes the flood of the price going down.........

Perhaps...Someone just put 112 shares up for sale on Havelock. ..

O_O!!!, the wave started.... goodbye ASICMINER..... the 200TH better come online soon or you are down the drain to IPO price....

Keep trying to undermine the price, but your efforts are futile. Better hop back on now, or be sorry later. Friedcat provided very reasonable update - hashrate is doubling in matter of days to ~126TH/s.

I'm trying to figure out where in the update you got that assumption from.. help me please

[SebastianJu]

So while we collect funds for the next order... are there Miners that are deployed and added to the mine or are we flying in the air, only able to collect funds from old miners in the hope to buy more hashpower? I somewhat got the impression since the divs constantly are going down. So is new hashpower added at the moment or not?

[binaryFate]

Wow, worst divend in a long time? 0.05832576

Here comes the flood of the price going down.........

Perhaps...Someone just put 112 shares up for sale on Havelock. ..

O_O!!!, the wave started.... goodbye ASICMINER..... the 200TH better come online soon or you are down the drain to IPO price....

Keep trying to undermine the price, but your efforts are futile. Better hop back on now, or be sorry later. Friedcat provided very reasonable update - hashrate is doubling in matter of days to ~126TH/s.

I'm trying to figure out where in the update you got that assumption from.. help me please

Last point made by FC: Roughly 3~5TH/s added every day.

[VolanicEruptor]

So when he says "immersion cooling", that means he's overclocking current hardware with the help of some fancy cooling system?

[binaryFate]

So when he says "immersion cooling", that means he's overclocking current hardware with the help of some fancy cooling system?

It must bring some type of advantages. I think it reduces a lot the electricity required for cooling wrt air cooling. Which means you can turn more blades on keeping same power sources as before. Does not necessarily mean they are overclocking though.

[SebastianJu]

Wow, worst divend in a long time? 0.05832576

Here comes the flood of the price going down.........

Perhaps...Someone just put 112 shares up for sale on Havelock. ..

O_O!!!, the wave started.... goodbye ASICMINER..... the 200TH better come online soon or you are down the drain to IPO price....

Keep trying to undermine the price, but your efforts are futile. Better hop back on now, or be sorry later. Friedcat provided very reasonable update - hashrate is doubling in matter of days to ~126TH/s.

I'm trying to figure out where in the update you got that assumption from.. help me please

Last point made by FC: Roughly 3~5TH/s added every day.

Oh, didnt see this... sounds like it could go back on trail now...

[talnted]

The next few weeks sounds like a great time to pick up shares