ASICMINER: Entering the Future of ASIC Mining by Inventing It

[hephaist0s]

FC is so far ahead of the curve he is beyond the horizon.

Yes. And AM is the only company showing sings of trying to implement a strategy for years, not months, into the future. This is endgame stuff.

[bitfair]

FC is so far ahead of the curve he is beyond the horizon.

FC changed the game. Again.

Strange to see so little excitement over this development, it is pretty significant. Being the first to create such a large ASIC farm, AM naturally encountered problems quite early that others will face eventually (or are currently facing) -- and saw the opportunity to solve it, then package the solution for others to benefit.

The brilliance of this move may not be obvious at the moment -- someone running a few mining boxes in their mother's basement is unlikely to encounter these problems -- but as mining becomes more professionalized, lowering their costs with a solution like this may be the only way to be profitable.

[damiano]

FC is so far ahead of the curve he is beyond the horizon.

FC changed the game. Again.

Strange to see so little excitement over this development, it is pretty significant. Being the first to create such a large ASIC farm, AM naturally encountered problems quite early that others will face eventually (or are currently facing) -- and saw the opportunity to solve it, then package the solution for others to benefit.

The brilliance of this move may not be obvious at the moment -- someone running a few mining boxes in their mother's basement is unlikely to encounter these problems -- but as mining becomes more professionalized, lowering their costs with a solution like this may be the only way to be profitable.

Give it a few weeks to set in.  They need to start producing

AM will rise once again. 

[Rival]

This will not affect the dividends for some time I am sure. Everyone seems to price shares by the dividends. That being said, I expect the share prices to languish until the dividends explode. By then it will be too late to get on the bandwagon, as always occurs.

Buy when there is blood on the streets. It is pennies on the dollar.

[aahzmundus]

Questions is now... do I save up and buy that board seat now?  Or give up on that dream XD

[LainZ]

Still "Inventing it" friedcat, well done.

[Puppet]

That reminds me of https://en.wikipedia.org/wiki/Sun_Modular_Datacenter

Yep. I was looking in to similar solutions to put somewhere with cheap electricity.
There are many suppliers, prices are harder to find. But this caught my attention, just to have a reference point:
http://www.theregister.co.uk/2011/09/15/data_centre/

The smallest SGI solution costs $100K and provides room and cooling for 204 U and 148KW or 51 Terraminer IV's.
Thats actually fairly affordable.

By comparison, grcooling offeres a submersion cooling container for $2/W
http://www.grcooling.com/docs/2013-07-09-Containerized-CarnotJet-Systems-Now-Available-from-Green-Revolution-Cooling.pdf
 
$2 * 148K = ~$300K

3x more expensive for the same capacity.

Now Im not saying it cant be done cheaper for either approach, but Im not so convinced submersion is the way to go.

[cs54]

So basically, Friedcat is Heisenberg, and he's moving operations to the Winnebago. Amazing.

[Bargraphics]

So basically, Friedcat is Heisenberg, and he's moving operations to the Winnebago. Amazing.

Heisencat?

[bitsalame]

Great looking product, fascinating concept, but as stated by others I really fail to see any huge application or sales for it.

No-one other than Bitcoin miners needs such a product, so there's no outside market. It clearly isn't viable for most home miners, so it's limited to a small number of large-scale miners and AM themselves. So whats the market globally for these - half a dozen?

It also only helps cool mining operations more effectively, so won't sell anymore chips or change ROI, since ROI on most chips doesn't happen even if electricity was free.

It's only tangible benefit will be to AM's own mining operations to reduce electricity costs, which in the long-term become more of a relative issue, but this could still be better solved and beaten by mining operations that simply exist in areas of cheaper electricity or where less cooling is required eg data-centres in cold areas.

Sure?
1) http://phys.org/news/2012-09-intel-math-oil-dunk-cooler-servers.html
2) http://www.datacenterknowledge.com/archives/2012/12/21/facebook-tests-immersion-cooling/

Yeah, no market at all.

[Vycid]

Buy when there is blood on the streets. It is pennies on the dollar.

There's been an awful lot of blood. I offer an alternative aphorism.

"Never love a stock, because it won't love you back."

[freedomno1]

FC is so far ahead of the curve he is beyond the horizon.

Yes. And AM is the only company showing sings of trying to implement a strategy for years, not months, into the future. This is endgame stuff.

I pretty much share this sentiment it is a very long term strategy not focused on the short term hardware war but the long term stabilization of market (So short bear long bull) in other words I see AM being around for a while and Friedcats whole strategy is long not short. He is convinced that ASIC mining will move to this scale and wants to be the first on the curve for the eventuality that will come.

Also no other securities in the mining sphere have long term goals beyond that of increasing hashrate on miners so it is an industry first.
(Although I stand to be corrected if there is something I missed)

[bitcoin.newsfeed]

Just small detail. At first we need a working competitive chips, then we're able deploy something and/or use that containers.

[glendall]

On the other hand, it's not a inconceivably dumb move to sit back and work on cooling plans and other projects such as the exchange while your BTC reserves [edit:] "are appreciating against USD" are growing fast steadily and you can afford to find the top talent, make the right chip at the right time and then kick things into overdrive.   This may be a smarter move than rushing from behind to launch a chip that is on par with what is available...

Asicminer's BTC reserves aren't going to be evaporating on their own and they only have one chance to make their next gen chip, they have to do it right.

At this point it doesn't matter as much WHEN you come to market, the ASIC 'new tech' rush is over. Now what matters is how your chip compares to the competition when it comes out. Not sure if that is, was, or could be FC's plan but just saying as I did before that all is not lost if you bide your time with big cash reserves to jump into something at the right time, as opposed to stumbling into a contest you can't win by trying to rush to market.

[jawnzer]

FC is so far ahead of the curve he is beyond the horizon.

Yes. And AM is the only company showing sings of trying to implement a strategy for years, not months, into the future. This is endgame stuff.

I pretty much share this sentiment it is a very long term strategy not focused on the short term hardware war but the long term stabilization of market (So short bear long bull) in other words I see AM being around for a while and Friedcats whole strategy is long not short. He is convinced that ASIC mining will move to this scale and wants to be the first on the curve for the eventuality that will come.

Also no other securities in the mining sphere have long term goals beyond that of increasing hashrate on miners so it is an industry first.
(Although I stand to be corrected if there is something I missed)

Couldn't have said it any better.

[hlynur]

Just small detail. At first we need a working competitive chips, then we're able deploy something and/or use that containers.

here comes the partypooper  

you're right but nevertheless it feels good as a shareholder to see the scale AM's research is aiming at.

[binaryFate]

Just small detail. At first we need a working competitive chips, then we're able deploy something and/or use that containers.

here comes the partypooper  

you're right but nevertheless it feels good as a shareholder to see the scale AM's research is aiming at.

It feels VERY good Much better than the previous pictures of the first wharehouse...
 

[AMuppInTime]

..,
 while your BTC reserves are growing fast
 ...
Asicminer's BTC reserves aren't going to be evaporating on their own and they only have one chance to make their next gen chip, they have to do it right.

I think it was mentioned previously that asicMiner does not store BTCs but converts to Fiat right away - can anyone confirm that?

[AM4Bitcoin]

No the last balance sheet shows 5484 bitcoins. They also have $ and ¥, i think they just convert what they need for the expenses.

[SebastianJu]

I wonder if the current price of bitcoins shouldnt lead to the stop of divs kept back.