ASICMINER: Entering the Future of ASIC Mining by Inventing It

[jimmothy]

i'm no expert at this, bought only direct shares on the forum...
isn't bitfunder us-based?
i would stay away from any american market connected with btc assets atm.
 

Didn't bitfunder just exclude all US customers? I honestly wouldn't have any money in bitfunder.

[finlof]

That's why I think FC should have been on the ball with these rumors and fill us in a bit.  His inability to act on this is causing me to sell my shares, and become uninterested in making further purchases of his products.  I don't have tolerance for bullshit like this anymore from PR.  This isn't good business..

I'm in the same boat. One of the main reasons I bought shares in asicminer was the great communication. The lack of communication/PR in the bitcoin world is honestly unacceptable. Any bitcoin business who deals with more than 1 bitcoin satoshi of customers funds is obligated to keep constant communication with at least those who put their money in that company. Seriously one forum post every 2 weeks from these "business operators" is complete bullshit.

obligated?  really?  keep dreaming man.  hopefully your investments will make money while you dream.

[hlynur]

i'm no expert at this, bought only direct shares on the forum...
isn't bitfunder us-based?
i would stay away from any american market connected with btc assets atm.
 

Didn't bitfunder just exclude all US customers? I honestly wouldn't have any money in bitfunder.

afaik yes, i'm just reading through http://log.bitcoin-assets.com from time to time (some interesting discussions besides the usual drivel).
with btct closed, bitfunder is the nearest market on muddy grounds (which is US atm).
don't know much about havelock, but canada looks like a safer shot atm.
if holding long, direct shares is best anyway...prevented me from panicselling.
not sure if that was a good or bad thing though.  
(at least friedcat seems like one of the guys that are in the game showing some effort for the long run and not just in for the quick buck)

[hlynur]

That's why I think FC should have been on the ball with these rumors and fill us in a bit.  His inability to act on this is causing me to sell my shares, and become uninterested in making further purchases of his products.  I don't have tolerance for bullshit like this anymore from PR.  This isn't good business..

I'm in the same boat. One of the main reasons I bought shares in asicminer was the great communication. The lack of communication/PR in the bitcoin world is honestly unacceptable. Any bitcoin business who deals with more than 1 bitcoin satoshi of customers funds is obligated to keep constant communication with at least those who put their money in that company. Seriously one forum post every 2 weeks from these "business operators" is complete bullshit.

obligated?  really?  keep dreaming man.  hopefully your investments will make money while you dream.

obligated is a bit exaggerated.
I would be content, if AM had a decent website with a shareholders' lounge.
asicminer.info, was a nice approach for communication but was filled with spam accounts and is now down for quite some time.
a forum with restricted accounts connected to the shareholder adresses would be a good platform.
what really got me quite unsettled was the bitcointalk downtime. suddenly the only information source seemed to be the reddit subforum which is really not the best place for such things

[realdos]

http://v.youku.com/v_show/id_XNjI1OTIxMTc2.html

One of our group members in Chinese community had an interview with Friedcat today. Above is the brief introduction of what Friedcat has done and planned to be accomplished in the next months.
To be short:
1. 1000T would be released around Nov 7th. These chips may be sold or deployed, depending on the situation then.
2. 2nd Gen chips have already been developed long time ago. But they were delayed to deploy considering the unsatisfactory performance.
3. 3rd Gen chips were also under development during that period. It is already developed now but still under test. It is expected to become a mature product in Feb 2014, which means its key indicators would be much better than those of its competitors. It is estimated that the network hashing power would be 1000p then, while Friedcat would deliver several hundred of it.

Hi Realdos,

I think friedcat played some word game here.
From 1:45 to 2:06 in the video, the girl said friedcat told her that, by Nov 7th, he will have sold a total amount of 1000T since the beginning of this mining business.
i.e. this 1000T is a grand total counting all the hardware sold in the past, not that he will release another 1000T around the 7th.

KC

Hi KC,

As I talked to the interviewer last night, she confirmed what you guess that by Nov 7th he will have sold a total 1000T rather than another 1000T. FC didn't play the word game. It's me who didn't translate the content accurately and made people here confused. Sorry for that.

[jimmothy]

http://v.youku.com/v_show/id_XNjI1OTIxMTc2.html

One of our group members in Chinese community had an interview with Friedcat today. Above is the brief introduction of what Friedcat has done and planned to be accomplished in the next months.
To be short:
1. 1000T would be released around Nov 7th. These chips may be sold or deployed, depending on the situation then.
2. 2nd Gen chips have already been developed long time ago. But they were delayed to deploy considering the unsatisfactory performance.
3. 3rd Gen chips were also under development during that period. It is already developed now but still under test. It is expected to become a mature product in Feb 2014, which means its key indicators would be much better than those of its competitors. It is estimated that the network hashing power would be 1000p then, while Friedcat would deliver several hundred of it.

Hi Realdos,

I think friedcat played some word game here.
From 1:45 to 2:06 in the video, the girl said friedcat told her that, by Nov 7th, he will have sold a total amount of 1000T since the beginning of this mining business.
i.e. this 1000T is a grand total counting all the hardware sold in the past, not that he will release another 1000T around the 7th.

KC

Hi KC,

As I talked to the interviewer last night, she confirmed what you guess that by Nov 7th he will have sold a total 1000T rather than another 1000T. FC didn't play the word game. It's me who didn't translate the content accurately and made people here confused. Sorry for that.

Thanks for clearing up confusion.

So what is AsicMiners game plan? Hardware sales (in which case mining will probably be unprofitable for everyone if successful) or mining dividends?

What I don't understand is why AM would be selling 10 times the amount of hashrate it has (supposedly about 25% of total bitcoin hashrate @ 4ph) when its main source of income as far as I know is mining dividends. Is AM making a considerable profit from asic sales that make it more profitable than mining solo? Is solo mining even profitable? Guess we will have to wait till oct 27th for the financial details.

I now somewhat see this as bad news that 1000 th/s total will be from AM but only hashing 100 th/s themselves I would much rather the numbers be 100th/s total and 100th/s themselves but then again I'm sure whoever bought the 1000th/s would have bought from bfl or bitfury either way.

[BitThink]

http://v.youku.com/v_show/id_XNjI1OTIxMTc2.html

One of our group members in Chinese community had an interview with Friedcat today. Above is the brief introduction of what Friedcat has done and planned to be accomplished in the next months.
To be short:
1. 1000T would be released around Nov 7th. These chips may be sold or deployed, depending on the situation then.
2. 2nd Gen chips have already been developed long time ago. But they were delayed to deploy considering the unsatisfactory performance.
3. 3rd Gen chips were also under development during that period. It is already developed now but still under test. It is expected to become a mature product in Feb 2014, which means its key indicators would be much better than those of its competitors. It is estimated that the network hashing power would be 1000p then, while Friedcat would deliver several hundred of it.

Hi Realdos,

I think friedcat played some word game here.
From 1:45 to 2:06 in the video, the girl said friedcat told her that, by Nov 7th, he will have sold a total amount of 1000T since the beginning of this mining business.
i.e. this 1000T is a grand total counting all the hardware sold in the past, not that he will release another 1000T around the 7th.

KC

Hi KC,

As I talked to the interviewer last night, she confirmed what you guess that by Nov 7th he will have sold a total 1000T rather than another 1000T. FC didn't play the word game. It's me who didn't translate the content accurately and made people here confused. Sorry for that.

Thanks for clearing up confusion.

So what is AsicMiners game plan? Hardware sales (in which case mining will probably be unprofitable for everyone if successful) or mining dividends?

What I don't understand is why AM would be selling 10 times the amount of hashrate it has (supposedly about 25% of total bitcoin hashrate @ 4ph) when its main source of income as far as I know is mining dividends. Is AM making a considerable profit from asic sales that make it more profitable than mining solo? Is solo mining even profitable? Guess we will have to wait till oct 27th for the financial details.

I now somewhat see this as bad news that 1000 th/s total will be from AM but only hashing 100 th/s themselves I would much rather the numbers be 100th/s total and 100th/s themselves but then again I'm sure whoever bought the 1000th/s would have bought from bfl or bitfury either way.

1 most miners cannot break even, so apparently sales bring more benefit than self mining.

2 self mining with 1000TH gen1 needs more than 20 datacenters as large as the current one.

[webbrowser]

2 self mining with 1000TH gen1 needs more than 20 datacenters as large as the current one.

Did you really call that a datacenter?

[BitThink]

2 self mining with 1000TH gen1 needs more than 20 datacenters as large as the current one.

Did you really call that a datacenter?

I guess there will be more complain if we see a very modern, clean, well renovated datacenter.
Such as 'why not save the renovation fee to order more chips, or give out more dividend?'

Why Friedcat chose to build the new data center in Hong Kong, rather in Shenzhen, is interesting. It's more expensive but safer there. I believe soon we can see the video about how the new datacenter looks like.

[Lohoris]

Hi guys
I am in europe and I have a few G-asicminer shares on bitfunder. Considering all the uncertainty should I be moving these somewhere else? Can i move them somewhere else? or are they ok for the time being? Any advice/suggestions appreciated. Thanks

Yes, move elsewhere, Bitfunder is a mess.

[arnuschky]

What I don't understand is why AM would be selling 10 times the amount of hashrate it has (supposedly about 25% of total bitcoin hashrate @ 4ph) when its main source of income as far as I know is mining dividends. Is AM making a considerable profit from asic sales that make it more profitable than mining solo? Is solo mining even profitable? Guess we will have to wait till oct 27th for the financial details.

I now somewhat see this as bad news that 1000 th/s total will be from AM but only hashing 100 th/s themselves I would much rather the numbers be 100th/s total and 100th/s themselves but then again I'm sure whoever bought the 1000th/s would have bought from bfl or bitfury either way.

Why do you focus on mining? I don't really understand this obsession with mining dividends...

Who cares if they mine or sell as long as they pick the option that is more profitable? And at this point, with the technology that AM has and the current difficulty, I doubt that mining is more profitable than hardware sales. Also, in hardware sales the risk and uncertainty of the increase in difficulty is removed.

In a way, AM makes more money because their customers are bad at forecasting. Sad, but works for me as a shareholder.

[drdops]

Hi guys
I am in europe and I have a few G-asicminer shares on bitfunder. Considering all the uncertainty should I be moving these somewhere else? Can i move them somewhere else? or are they ok for the time being? Any advice/suggestions appreciated. Thanks

Yes, move elsewhere, Bitfunder is a mess.

To where? What are my options? (I have 10 shares)

[addi]

Hi guys
I am in europe and I have a few G-asicminer shares on bitfunder. Considering all the uncertainty should I be moving these somewhere else? Can i move them somewhere else? or are they ok for the time being? Any advice/suggestions appreciated. Thanks

Yes, move elsewhere, Bitfunder is a mess.

Is it even possible to transfer shares < 250 to somewhere else?

[webbrowser]

- sell and buy back
- pool shares from like-minded trustworthy (or escrow otherwise) individuals

[SebastianJu]

http://v.youku.com/v_show/id_XNjI1OTIxMTc2.html

One of our group members in Chinese community had an interview with Friedcat today. Above is the brief introduction of what Friedcat has done and planned to be accomplished in the next months.
To be short:
1. 1000T would be released around Nov 7th. These chips may be sold or deployed, depending on the situation then.
2. 2nd Gen chips have already been developed long time ago. But they were delayed to deploy considering the unsatisfactory performance.
3. 3rd Gen chips were also under development during that period. It is already developed now but still under test. It is expected to become a mature product in Feb 2014, which means its key indicators would be much better than those of its competitors. It is estimated that the network hashing power would be 1000p then, while Friedcat would deliver several hundred of it.

Hi Realdos,

I think friedcat played some word game here.
From 1:45 to 2:06 in the video, the girl said friedcat told her that, by Nov 7th, he will have sold a total amount of 1000T since the beginning of this mining business.
i.e. this 1000T is a grand total counting all the hardware sold in the past, not that he will release another 1000T around the 7th.

KC

Hi KC,

As I talked to the interviewer last night, she confirmed what you guess that by Nov 7th he will have sold a total 1000T rather than another 1000T. FC didn't play the word game. It's me who didn't translate the content accurately and made people here confused. Sorry for that.

Thanks for clearing up confusion.

So what is AsicMiners game plan? Hardware sales (in which case mining will probably be unprofitable for everyone if successful) or mining dividends?

What I don't understand is why AM would be selling 10 times the amount of hashrate it has (supposedly about 25% of total bitcoin hashrate @ 4ph) when its main source of income as far as I know is mining dividends. Is AM making a considerable profit from asic sales that make it more profitable than mining solo? Is solo mining even profitable? Guess we will have to wait till oct 27th for the financial details.

I now somewhat see this as bad news that 1000 th/s total will be from AM but only hashing 100 th/s themselves I would much rather the numbers be 100th/s total and 100th/s themselves but then again I'm sure whoever bought the 1000th/s would have bought from bfl or bitfury either way.

In fact selling was the bigger part of the divs mostly as far as i know. The thing with selling is that you get the mining income of months in one rush. That has many advantages. Less time, work, power cost and difficulty risk. So in general its better to sell miners if you get a certain amount of months mining income. Mining is a good way to keep a good income stream that is more safe since selling can stop for some reason.

[kmtan]

we shoud have the financial report tomorrow...hope get a possitive report...

[professorY]

we shoud have the financial report tomorrow...hope get a possitive report...

If it's positive, with shares currently sitting at less than 1/5th of what they were 3 months ago, the price will skyrocket.

[dexX7]

Why Friedcat chose to build the new data center in Hong Kong, rather in Shenzhen, is interesting. It's more expensive but safer there. I believe soon we can see the video about how the new datacenter looks like.

This is why, I think..

Custom Cooling Systems
We have been finalizing on our HK datacenter with our professional partner on immersion cooling. This product will be of interest both miners, and other industries that require cooling of similar hardware. Our cooling system partner built it as an exhibition house where everything is clean and shiny for investors/buyers to visit and for ASICMINER to make videos as a demonstration.

Upcoming scheduled to be happening (in time order):
...
Immersion cooling exhibition.

4. The immersion technique FC invented is a break-through compared to traditional one. This new technique would be of great help to the deployment of the new Gen chips.

Also:

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

I really, really hope this video will be online tomorrow. In case you're wondering, why I'm so excited: see here.

[houseofchill]

Also I'd suggest that we donate some btc to the interviewer, who paid all the expenses to interview FC for all of us.

Her btc address could be found in her sticky thread in Chinese subforum:
https://bitcointalk.org/index.php?topic=252469.0

namely:
收款账户
答：收款账户一：中国工商银行山西晋中分行平遥支行  户名：金洋洋  账户：6222020508002370874   打款备注：您的姓名、QQ号、手机号
     收款账户二：支付宝账户 fdahq@163.com 金洋洋   打款备注：您的姓名、QQ号、手机号
     收款账户三：比特币账户：1KNCoqEqxszm4u4zRo6LiD3stWYVTWwK6t
Her bitcoin address is as above: 1KNCoqEqxszm4u4zRo6LiD3stWYVTWwK6t

Thank you for all the info. You should have a bitcoin address in your box also.

[addi]

- pool shares from like-minded trustworthy (or escrow otherwise) individuals

can anyone elaborate how this works? I have 21 shares on Bitfunder I would like to get on Havelock. Selling & buying would make no sense I would lose bitcoin