ASICMINER: Entering the Future of ASIC Mining by Inventing It

[Rival]

Solving problems before most people are even aware that they exist... sounds like an outstanding business model. FC must have noted that cooling was a major issue when he deployed thousands of blades. It will likely be something any large deployment will have to address. Having an in-hand solution puts you miles ahead of of those who deploy a farm and then find expansion difficult due to cooling issues. There is a practical limit to what one can accomplish with air cooling and that sets a cap on density, and thereby efficiency. This may be one of the best investments a company could pursue, with every major deployment as a customer.

It is said that in the gold rush, the ones who made the money were those selling picks and shovels. The truth is that those who became rich were those who provided a marketplace and distribution channels for those who wished to sell picks and shovels. It appears that FC has noted this, and is taking steps to be the leader in this arena as well.

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[houseofchill]

The biggest thing to take from the update is the blockchain-based exchange. Bitfountain would get trading fees, transaction fees, and the mining income from the block itself. I'm sure asset registration fees would bring in a hefty bunch as well. They could market it as, "As long as the blockchain is still intact, you can maintain your asset."

Pardon my ignorance, but can you expand on what a "blockchain-based exchange" is? Would be appreciated. What are we exchanging here?

Now that the US is on the path to destroy bitcoin stock exchanges, people have come up with colored coins, based on decentralized stock trading on the blockchain, allowing for coexisting with bitcoin's main function. Look up colored coins.

[VeeMiner]

The biggest thing to take from the update is the blockchain-based exchange. Bitfountain would get trading fees, transaction fees, and the mining income from the block itself. I'm sure asset registration fees would bring in a hefty bunch as well. They could market it as, "As long as the blockchain is still intact, you can maintain your asset."

Pardon my ignorance, but can you expand on what a "blockchain-based exchange" is? Would be appreciated. What are we exchanging here?

Now that the US is on the path to destroy bitcoin stock exchanges, people have come up with colored coins, based on decentralized stock trading on the blockchain, allowing for coexisting with bitcoin's main function. Look up colored coins.

colored coins is a really cool concept, only the anti-dust patch that was released in the main client kinda drops a stick into the gears of this concept...

[Lohoris]

Solving problems before most people are even aware that they exist... sounds like an outstanding business model. FC must have noted that cooling was a major issue when he deployed thousands of blades. It will likely be something any large deployment will have to address. Having an in-hand solution puts you miles ahead of of those who deploy a farm and then find expansion difficult due to cooling issues. There is a practical limit to what one can accomplish with air cooling and that sets a cap on density, and thereby efficiency. This may be one of the best investments a company could pursue, with every major deployment as a customer.

It is said that in the gold rush, the ones who made the money were those selling picks and shovels. The truth is that those who became rich were those who provided a marketplace and distribution channels for those who wished to sell picks and shovels. It appears that FC has noted this, and is taking steps to be the leader in this arena as well.

Very well said.

[Lohoris]

colored coins is a really cool concept, only the anti-dust patch that was released in the main client kinda drops a stick into the gears of this concept...

I'm not sure how that patch works.
If it allows dust transactions as long as they have a fee, that's great.
If it bans them totally, regardless of fees, yes it is a hindrance for colored coins.

[notme]

1. Ok
2. Out of Scope
3. Terribly inefficient
4. I do want to see a vending machine that accepts bitcoin but still a pipe dream.
Use BIPS install IR reader on a vending machine give machine wifi == Woot

Regarding 3, how exactly is an ASIC any less efficient than any electric heater other than up front costs?  If energy is wasted that doesn't get converted to heat, where does that energy go?

[keystroke]

Hash rate dropping. Looking forward towards the financial statement.

[JimiQ84]

Hash rate dropping. Looking forward towards the financial statement.

where is hashrate dropping? Look here http://www.asicminercharts.com/ at 7 day average. Everything else is just good/bad luck

[kmtan]

Quick Update


Blockchain-based exchange out of pre-alpha (whether to migrate whole ASICMiner database is still a serious debating topic).

interesting to have an exchange from ASICMINER....cannot wait for the pre-alpha..

[kmtan]

Hash rate dropping. Looking forward towards the financial statement.

where is hashrate dropping? Look here http://www.asicminercharts.com/ at 7 day average. Everything else is just good/bad luck

from the info of charts, look like that the hashrate are growing...if can get consistent it will be good for the ASICMINER.

[keystroke]

Hash rate dropping. Looking forward towards the financial statement.

where is hashrate dropping? Look here http://www.asicminercharts.com/ at 7 day average. Everything else is just good/bad luck

My bad - just woke up - you're right.

[bitmoon]

asicminer is down to 42TH  http://www.asicminercharts.com/live/

[VolanicEruptor]

asicminer is down to 42TH  http://www.asicminercharts.com/live/

please see recent posts

[hlynur]

asicminer is down to 42TH  http://www.asicminercharts.com/live/

please see recent posts

lol
i was just about to post same comment.
this ongoing fixation to live hashrate doesn't make any sense.
it's like not seeing the wood for the trees.

[bitmoon]

asicminer is down to 42TH  http://www.asicminercharts.com/live/

please see recent posts

i only check chart for 24hr/48hr,  and follow with increase of difficulty, and then i can feel certain , the hash rate is same or little up/down and/or number of finding a block by chance is decreasing or increase.

7day only gives u other thinking process, like average hash.

edit: i think i mislead people, into thinking 42th is the real live hash,  sorry, its not real hash guys, its based on block found , etc

[jboogie]

Solving problems before most people are even aware that they exist... sounds like an outstanding business model. FC must have noted that cooling was a major issue when he deployed thousands of blades. It will likely be something any large deployment will have to address. Having an in-hand solution puts you miles ahead of of those who deploy a farm and then find expansion difficult due to cooling issues. There is a practical limit to what one can accomplish with air cooling and that sets a cap on density, and thereby efficiency. This may be one of the best investments a company could pursue, with every major deployment as a customer.

I agree with what you're saying in principle, but I'm worried that liquid cooling is actually something allready well known. While if you wanted an ASIC some months ago ASICminer was the only one (or one of the few) able to supply you with one, if you want to use liquid cooling for your datacenter I think you can allready find many solutions on the market

[spinner]

asicminer is down to 42TH  http://www.asicminercharts.com/live/

please see recent posts

lol
i was just about to post same comment.
this ongoing fixation to live hashrate doesn't make any sense.
it's like not seeing the wood for the trees.

It's because "The Count" from Sesame Street never got to Poisson distributions

[kmtan]

Asicminer's hashrate now: 53TH...

cheers up ..

[VolanicEruptor]

Asicminer's hashrate now: 53TH...

cheers up ..

please see recent posts

[KCBitcoin]

Asicminer's hashrate now: 53TH...

cheers up ..

please see recent posts

LOL