ASICMINER: Entering the Future of ASIC Mining by Inventing It

[Rival]

it will be great to see the financial report soon on Oct 20.

I suppose that depends on the contents of the report. I do have high expectations though.

[VeeMiner]

Quick Update

We are still on track of accumulating reinvestment funds, continuing from last month, so please expect less-than-raw-income dividends in the next few weeks. The financials will be given out in October 20s, as mentioned in the last update.

Self-retained (not sold) Hashrate distribution:

Air cooling datacenter - 47TH/s
Under franchising - 19TH/s
Immersion cooling - 5TH/s with 3-5TH/s per day towards 60TH/s in total.

it will be great to see the financial report soon on Oct 20.

once all of this hashrate is deployed (126 Thash/s) with current difficulty we will get around

per Week   ฿1,656.75   $233,932.99

which means 0,004 BTC per share. That is not counting the HW sales, I see some light on the horizon

[Lohoris]

once all of this hashrate is deployed (126 Thash/s) with current difficulty we will get around

per Week   ฿1,656.75   $233,932.99

which means 0,004 BTC per share. That is not counting the HW sales, I see some light on the horizon

does this, again, assume that meanwhile the competition deploys nothing?

[lophie]

Quick Update

We are still on track of accumulating reinvestment funds, continuing from last month, so please expect less-than-raw-income dividends in the next few weeks. The financials will be given out in October 20s, as mentioned in the last update.

Self-retained (not sold) Hashrate distribution:

Air cooling datacenter - 47TH/s
Under franchising - 19TH/s
Immersion cooling - 5TH/s with 3-5TH/s per day towards 60TH/s in total.

it will be great to see the financial report soon on Oct 20.

once all of this hashrate is deployed (126 Thash/s) with current difficulty we will get around

per Week   ฿1,656.75   $233,932.99

which means 0,004 BTC per share. That is not counting the HW sales, I see some light on the horizon

mmm maybe I am misunderstanding this but doesnt it mean

5TH/s with 3-5TH/s per day towards 60TH/s in total

, That the 47TH will be 60TH and not that 60 will be added to the 47TH?

[Rival]

Quick Update

We are still on track of accumulating reinvestment funds, continuing from last month, so please expect less-than-raw-income dividends in the next few weeks. The financials will be given out in October 20s, as mentioned in the last update.

Self-retained (not sold) Hashrate distribution:

Air cooling datacenter - 47TH/s
Under franchising - 19TH/s
Immersion cooling - 5TH/s with 3-5TH/s per day towards 60TH/s in total.

it will be great to see the financial report soon on Oct 20.

once all of this hashrate is deployed (126 Thash/s) with current difficulty we will get around

per Week   ฿1,656.75   $233,932.99

which means 0,004 BTC per share. That is not counting the HW sales, I see some light on the horizon

mmm maybe I am misunderstanding this but doesnt it mean

5TH/s with 3-5TH/s per day towards 60TH/s in total

, That the 47TH will be 60TH and not that 60 will be added to the 47TH?

I don't think he is taking running blades out and then immersion cooling them. The immersion cooling is probably additional blades so that would be 47 + 60 + 19 for 126 Ths.

[sparky999]

the 60Th is for the new datacenter so is in addition to the 47 and 19 from std datacenter and franchising, at least that is how I understand it.

[VeeMiner]

once all of this hashrate is deployed (126 Thash/s) with current difficulty we will get around

per Week   ฿1,656.75   $233,932.99

which means 0,004 BTC per share. That is not counting the HW sales, I see some light on the horizon

does this, again, assume that meanwhile the competition deploys nothing?

no, as you are surely able to read, I am writing "with current difficulty". I'm sure you know what I mean by that.

[houseofchill]

Got my dividends on AM100 at Havelock smoothly transferred by TAT from btct.co.  Thanks TAT!

[bitcoin.newsfeed]

once all of this hashrate is deployed (126 Thash/s) with current difficulty we will get around...

on 09/10/2013 Friedcat said : "Immersion cooling - 5TH/s with 3-5TH/s per day towards 60TH/s in total."

So today 17/10/2013 ... after 8days it should be 5TH/s from 09/10 + 8x<min3;max5> ...so the hashrate in HK data center should be between 29 and 45 TH/s NOW.

Meanwhile competitors are deploying petahashes ...   

Good news are that AM is still on track so expect 500TH/s until end of the month for franchising auctions here on forum and (maybe)reselling.

It would be helpful if we get some info what happened with Gen2 and why is another China mining private company BTCGARDEN 4x bigger than ASICminer if we had so massive headstart. What happened?

[tinus42]

once all of this hashrate is deployed (126 Thash/s) with current difficulty we will get around...

on 09/10/2013 Friedcat said : "Immersion cooling - 5TH/s with 3-5TH/s per day towards 60TH/s in total."

So today 17/10/2013 ... after 8days it should be 5TH/s from 09/10 + 8x<min3;max5> ...so the hashrate in HK data center should be between 29 and 45 TH/s NOW.

Meanwhile competitors are deploying petahashes ...   

Good news are that AM is still on track so expect 500TH/s until end of the month for franchising auctions here on forum and (maybe)reselling.

It would be helpful if we get some info what happened with Gen2 and why is another China mining private company BTCGARDEN 4x bigger than ASICminer if we had so massive headstart. What happened?

Yes indeed. Maybe he is so busy with tech that will amaze us but he should still keep us shareholders clued in.

[JimiQ84]

I find very confusing that few weeks/months ago we were presented by existence of AsicminerPR bitointalk account, which has said/done exactly nothing in those weeks. What was the point of that is beyond me

[tinus42]

I find very confusing that few weeks/months ago we were presented by existence of AsicminerPR bitointalk account, which has said/done exactly nothing in those weeks. What was the point of that is beyond me

At least the account wasn't used to call people idiots who disagree with Friedcat.

[superduh]

crapshoot.. heading towards ipo pricing.

[Jutarul]

I find very confusing that few weeks/months ago we were presented by existence of AsicminerPR bitointalk account, which has said/done exactly nothing in those weeks. What was the point of that is beyond me

At least the account wasn't used to call people idiots who disagree with Friedcat.

It seems the account was mislabeled and is actually used as something like a customer service account. The official PR's are the posts from friedcat for now.

[jehst]

Can anyone tell me more about this immersion cooling? Would they be individual cooling units that anyone could use to cool down any ASIC? Are there any risks of damaging your machine? How much money could these units save someone who is mining?

[glendall]

Can anyone tell me more about this immersion cooling? Would they be individual cooling units that anyone could use to cool down any ASIC? Are there any risks of damaging your machine? How much money could these units save someone who is mining?

As far as I know the details have not been released.

Presumably it would only be for datacenters and other larger mining operations. Generally immersion cooling is done with a variety of oil that the whole blades are submerged into. It has the benefit of less power use for cooling and reliability...especially if you are using 130nm parts you would benefit from the kind of cooling if you are mining in a large scales.

There is supposed to be a video coming near the end of the month.

[Rannasha]

Can anyone tell me more about this immersion cooling? Would they be individual cooling units that anyone could use to cool down any ASIC? Are there any risks of damaging your machine? How much money could these units save someone who is mining?

The precise details are still to come, but the basic idea behind immersion cooling is that air is a terrible heat conductor, which means that you need fans spinning rapidly to pump as much air past the heatsinks/chips in order to keep it cool. Those fans use power (and generate noise, which is less important in a datacenter) of their own and in a datacenter there's enough heat being generated that the ambient air in the room needs to be cooled as well, requiring AC units, which add to the power usage.

With immersion cooling, you can immerse all machines in one giant container of oil, which has been selected to have low viscosity (= easy to pump around) and high thermal conductivity (= takes up a lot of heat). Unlike air, you can actually finetune the properties of the oil. The oil is then pumped around and can, in theory, simply be cooled in the outside air, provided you have a big enough heatsink.

If set up properly, immersion cooling is more efficient than simple air cooling. The hardware is less accessible, so for a datacenter where hardware is regularly replaced or added, it's not so ideal. But a mining farm is pretty much set-and-forget.

[jehst]

Can anyone tell me more about this immersion cooling? Would they be individual cooling units that anyone could use to cool down any ASIC? Are there any risks of damaging your machine? How much money could these units save someone who is mining?

The precise details are still to come, but the basic idea behind immersion cooling is that air is a terrible heat conductor, which means that you need fans spinning rapidly to pump as much air past the heatsinks/chips in order to keep it cool. Those fans use power (and generate noise, which is less important in a datacenter) of their own and in a datacenter there's enough heat being generated that the ambient air in the room needs to be cooled as well, requiring AC units, which add to the power usage.

With immersion cooling, you can immerse all machines in one giant container of oil, which has been selected to have low viscosity (= easy to pump around) and high thermal conductivity (= takes up a lot of heat). Unlike air, you can actually finetune the properties of the oil. The oil is then pumped around and can, in theory, simply be cooled in the outside air, provided you have a big enough heatsink.

If set up properly, immersion cooling is more efficient than simple air cooling. The hardware is less accessible, so for a datacenter where hardware is regularly replaced or added, it's not so ideal. But a mining farm is pretty much set-and-forget.

So unless you actually had a mining farm it probably wouldn't be worth the effort to buy a cooling unit? The thing that worries me is that the potential market might not be that big if it doesn't include hobbyists who buy one or two machines. What percentage of people involved in mining are running farms? Then how many of those will buy cooling instead of just opening the window in the winter?

[Whtwabbit]

Can anyone tell me more about this immersion cooling? Would they be individual cooling units that anyone could use to cool down any ASIC? Are there any risks of damaging your machine? How much money could these units save someone who is mining?

The precise details are still to come, but the basic idea behind immersion cooling is that air is a terrible heat conductor, which means that you need fans spinning rapidly to pump as much air past the heatsinks/chips in order to keep it cool. Those fans use power (and generate noise, which is less important in a datacenter) of their own and in a datacenter there's enough heat being generated that the ambient air in the room needs to be cooled as well, requiring AC units, which add to the power usage.

With immersion cooling, you can immerse all machines in one giant container of oil, which has been selected to have low viscosity (= easy to pump around) and high thermal conductivity (= takes up a lot of heat). Unlike air, you can actually finetune the properties of the oil. The oil is then pumped around and can, in theory, simply be cooled in the outside air, provided you have a big enough heatsink.

If set up properly, immersion cooling is more efficient than simple air cooling. The hardware is less accessible, so for a datacenter where hardware is regularly replaced or added, it's not so ideal. But a mining farm is pretty much set-and-forget.

So unless you actually had a mining farm it probably wouldn't be worth the effort to buy a cooling unit? The thing that worries me is that the potential market might not be that big if it doesn't include hobbyists who buy one or two machines. What percentage of people involved in mining are running farms? Then how many of those will buy cooling instead of just opening the window in the winter?

I'm not sure..... but I think mining farms could be growth industry in the future

[hlynur]

Can anyone tell me more about this immersion cooling? Would they be individual cooling units that anyone could use to cool down any ASIC? Are there any risks of damaging your machine? How much money could these units save someone who is mining?

The precise details are still to come, but the basic idea behind immersion cooling is that air is a terrible heat conductor, which means that you need fans spinning rapidly to pump as much air past the heatsinks/chips in order to keep it cool. Those fans use power (and generate noise, which is less important in a datacenter) of their own and in a datacenter there's enough heat being generated that the ambient air in the room needs to be cooled as well, requiring AC units, which add to the power usage.

With immersion cooling, you can immerse all machines in one giant container of oil, which has been selected to have low viscosity (= easy to pump around) and high thermal conductivity (= takes up a lot of heat). Unlike air, you can actually finetune the properties of the oil. The oil is then pumped around and can, in theory, simply be cooled in the outside air, provided you have a big enough heatsink.

If set up properly, immersion cooling is more efficient than simple air cooling. The hardware is less accessible, so for a datacenter where hardware is regularly replaced or added, it's not so ideal. But a mining farm is pretty much set-and-forget.

So unless you actually had a mining farm it probably wouldn't be worth the effort to buy a cooling unit? The thing that worries me is that the potential market might not be that big if it doesn't include hobbyists who buy one or two machines. What percentage of people involved in mining are running farms? Then how many of those will buy cooling instead of just opening the window in the winter?

just my two satoshis here,
imo immersion cooling isn't a technology solely for use in mining coins.
i like the approach AM is doing there.
sooner or later AM has to concentrate much more on several sectors in the whole mining market and try to push technological innovations.
(though from my amateurish perspective i can't answer if this cooling concept could even be useful in other markets e.g. renderfarms).
it looks very difficult to me to run succesfully a mining farm and develop chips/ asic designs for endconsumers as well as mining companies at the same time
as a small company AM has to diversify somehow and get a foot in the door for coming demands of the future mining market. (if that should include hobbyists is another question)
If they have innovative ideas on the side during their evolution as a company it's not bad to give it a try and perhaps even specialize.