ASICMINER: Entering the Future of ASIC Mining by Inventing It

[jeffshed]

I can't tell if pand70 is ignorant or just a troll.

end of conversation.

please talk about your views on this infinite exponential elsewhere.

everyone here knows it's going to be a sigmoid growth curve. well i hope so anyway.

[dxxw]

Network hashrate has risen to 2300TH.Who's driving this boom？Bitfury,KNC or, the 500TH of AM?

[chriswilmer]

Network hashrate has risen to 2300TH.Who's driving this boom？Bitfury,KNC or, the 500TH of AM?

Bitfury is definitely contributing a lot. The GHash mining pool is at 430 TH/s right now.

https://ghash.io/

[dxxw]

Network hashrate has risen to 2300TH.Who's driving this boom？Bitfury,KNC or, the 500TH of AM?

Bitfury is definitely contributing a lot. The GHash mining pool is at 430 TH/s right now.

https://ghash.io/

Can not access the page.

[webbrowser]

Network hashrate has risen to 2300TH.Who's driving this boom？Bitfury,KNC or, the 500TH of AM?

Don't know if http://erpao.info is official, but it still reports 47 TH/s (in solo mining).

[lophie]

Network hashrate has risen to 2300TH.Who's driving this boom？Bitfury,KNC or, the 500TH of AM?

Don't know if http://erpao.info is official, but it still reports 47 TH/s (in solo mining).

It is the unofficial but accurate record.

[dexX7]

...of the solo mining only. It's useless to watch it daily, and it's now useless to watch at all, as the growth is in franchising and sales.

+ the immersion cooling data center.

[Puppet]

...of the solo mining only. It's useless to watch it daily, and it's now useless to watch at all, as the growth is in franchising and sales.

+ the immersion cooling data center.

Isnt immersion cooling just another name for a cold shower ?

[dxxw]

Network hashrate has risen to 2300TH.Who's driving this boom？Bitfury,KNC or, the 500TH of AM?

2400TH now.

Crazy.

[jeffshed]

well does take long to go have a look at ghash.io (450th)

i think bitfury will be the market leader for the foreseeable future. I mean being a private entity and all...

I a lot of other entities are expected to go online toward the end of october. which is kind of now....it still amazes me how close it fits to the exponential Says something kind of philosophical.

[VeeMiner]

You do understand that Moore's law is just an observation right? For various reasons it works but it can't allow or disallow anything at all...
And hashrate has a long way to go since it will start get limited by Moore's law...

It's an exponential increase, that's all you need to know to answer the question "Is it sustainable forever?" with no.

I concur, the important question is when will it slow down...

[data]

With now even less shares on havelock and bitfunder than ever were on btct, I have completely lost any feeling for the true price. I'd expect it to be somewhere around 1 BTC with everything I've read, but maybe others have a different outlook on risk. With the small security of known values, it is impossible to calculate it anyway without attaching arbitrary values to network growth, probability of AM delivering and so on.
 

[data]

I just wish that all of my shares had been in btct at high point, and not only 2/3s of it But that was risk management and now it is too late I guess.

[stefffe]

0.6 today....ehehehe, invest or sell? :OOOO

[BitThink]

Network hashrate has risen to 2300TH.Who's driving this boom？Bitfury,KNC or, the 500TH of AM?

Don't know if http://erpao.info is official, but it still reports 47 TH/s (in solo mining).

It is the unofficial but accurate record.

It seems the hash rate in the new data center, which should increase 3-5TH daily according to friedcat, is not included in this stat yet?

[BitThink]

0.6 today....ehehehe, invest or sell? :OOOO

Now the liquidity is gone, so the value of share mainly depends on the dividend now. Assume the 500TH (and potentially another batch of 500TH if friedcat hasn't changed the plan announced long ago) are sold well in the rest of this year, we may see consistent dividend around 0.005 per week. That's around 0.06 this year.

For the first 3 months of 2014, if the Gen2 chips finally comes out (maybe a successful collaboration with other Gen-2 teams in China, as mentioned in last update) and brings the same profit as the Gen1. That's another 0.06.

Then it all depends on the chips currently under design. If we are so lucky that the chips are superb and mass produced on April 2014 and the profit can be similar to current Gen 1 (very optimistic assumption ), then we have another 0.06 by the end of June 2014.

Currently we are totally clueless about the second half of 2014. Maybe AM has already successfully transferred to non-mining company, or maybe the network hash rate stops exponential increasing. Let's trust Friedcat can fulfill his plan to maintain a single-digit profit in 2014, and we can have 0.005 dividend until the end of 2014. That's another 0.12.

Ok, let's stop here before the guess becomes totally groundless. If AM delivers everything they promised in time, we may have 0.3 BTC back at the end of 2014. If the share price that time is still above 0.3 BTC, we are good. Otherwise, better to sell now.

Anyway, at least there's not much upside in my opinion with the current price.

[VeeMiner]

0.6 today....ehehehe, invest or sell? :OOOO

buy of course, just wait what will happen when we get the 500 Thash of blades and when the gen 2 is out... the shares are at bargain price now

[BitThink]

0.6 today....ehehehe, invest or sell? :OOOO

buy of course, just wait what will happen when we get the 500 Thash of blades and when the gen 2 is out... the shares are at bargain price now

Believe me or not, the liquidity is gone. It is less possible to see the price fluctuate a lot on good/bad news any more. The value of direct shares now has to be based on dividend. We can count how much dividend we get now when AM had the largest advantage. It's not likely next year will be better.

[soundasleep]

We've added a new feature to CryptFolio (thread) that lets you value private shares - such as ASICMINER - according to a public security exchange.

For example, if you own 10 ASICMINER shares privately, you can track the value of 10 ASICMINER shares if they were in Havelock Investments under AM1, or any of the other passthroughs. This way you don't have to actively have a security in an exchange to value it.

[VeeMiner]

0.6 today....ehehehe, invest or sell? :OOOO

buy of course, just wait what will happen when we get the 500 Thash of blades and when the gen 2 is out... the shares are at bargain price now

Believe me or not, the liquidity is gone. It is less possible to see the price fluctuate a lot on good/bad news any more. The value of direct shares now has to be based on dividend. We can count how much dividend we get now when AM had the largest advantage. It's not likely next year will be better.

what are you talking about? there are hundreds buy orders only on Havelock. I can hardly imagine that the price would drop to 0.5 or lower because of several perks that asicminer has:

- smart, trustworthy and able management
- cheap workforce and "invincible" price on chips and boards
- cheap electricity in China
- good amount of assets for reinvestment

of course the competition is stronger than ever and that has obviously shown on the actual share price, however I believe that AM will have a strong position to compete against anyone (especially because nobody can create cheaper hardware than chinese)