ASICMINER: Entering the Future of ASIC Mining by Inventing It

[Alphi]

Block Erupter Cube

Speed: 30 Gh/s Guaranteed, 38.4 Gh/s theoretical when overclocked
Power Consumption: Approx. 200W, approx. 280W when overclocked
Compact, self-contained unit: 136mm x 153mm x 148mm

Efficient Cooling

Tubular structure built for airflow
Built-in 12cm fan, strong but quiet
Protection: The unit will be powered off in case of fan failure

Plug & Play

2 x PCIe 6 pin connectors for power supply
RJ45 socket for Ethernet connection
USB connection for debugging and firmware updates
Configuration through web page
Status LED indicating getwork/putwork activity

Powered by the World's first mining ASIC

Consists of six mini blades with 16 chips each
Speed of each chip can be monitored in web page
Overclocking just by one button click

Scalable

Extruded aluminum enclosure, rigid and tough
Multiple units can be slid together by 'tongue and groove' system
Accessories coming soon: adapter for server PSUs, cable converters, etc.

Source: http://www.wtcr.ca/catalog/product/bm-ambec-01

The promotion pictures look great.

And they have a similar high quality like the immersion cooling pictures.

this one reason why the share price tanked.... these devices arent even competative with what is already on the market.

I just got my 30GH miner from BFL a few months ago... its about the same size, only draws 130 watts average, only has one chip in it and its barely breaking even.. thank moses for the rise in BTC otherwise it would never have had a chance to break even..

I only paid $750 for it (yeah I was one of the early adopters that got screwed by BFL for a whole year)
if I had have spent that money on BTC and just sat on it then I would be a rich man today...

for 1.5 BTC, at the current hash growth rate, those Cubes wont be able to make their money back.

[bitcoin.newsfeed]

this one reason why the share price tanked....

... and because we the shareholders don't have an update for alarming 6weeks, and we don't have a clue whats happening with this company and Friedcat.

[romerun]

CUBE should meet roi in fiat since btc is going to the moon, it's for one of those ppl living in one of those countries having a hard time aquiring btc through exchanges, they better get one of these asics than holding on to fiat. well these ppl are 80%+ of earth population btw

[shawshankinmate37927]

CUBE should meet roi in fiat since btc is going to the moon, it's for one of those ppl living in one of those countries having a hard time aquiring btc through exchanges, they better get one of these asics than holding on to fiat. well these ppl are 80%+ of earth population btw

Why would you measure ROI in fiat?  Shouldn't ROI always be measured in BTC?  (You don't have to use an exchange to acquire BTC.  I've never used Mt. Gox, Bitstamp, or any of the other exchanges.)

[Rival]

CUBE should meet roi in fiat since btc is going to the moon, it's for one of those ppl living in one of those countries having a hard time aquiring btc through exchanges, they better get one of these asics than holding on to fiat. well these ppl are 80%+ of earth population btw

Why would you measure ROI in fiat?  Shouldn't ROI always be measured in BTC?  (You don't have to use an exchange to acquire BTC.  I've never used Mt. Gox, Bitstamp, or any of the other exchanges.)

Most people do not have easy access to btc yet. Count yourself among the fortunate few who do. To you, it sounds trivial. To most, it is still difficult. A miner can make it simple. And mostly anonymous.

[hak8or]

CUBE should meet roi in fiat since btc is going to the moon, it's for one of those ppl living in one of those countries having a hard time aquiring btc through exchanges, they better get one of these asics than holding on to fiat. well these ppl are 80%+ of earth population btw

Why would you measure ROI in fiat?  Shouldn't ROI always be measured in BTC?  (You don't have to use an exchange to acquire BTC.  I've never used Mt. Gox, Bitstamp, or any of the other exchanges.)

Exactly, I haven't the foggiest as to why people keep doing this and I see this idea floating around so often. You are buying a product with the intention of making you wealth, so I assume you want as much gained wealth per wealth you put in as possible. If you buy a miner that would have cost 10 BTC at the moment of purchase, and then that unit makes back only 9 BTC of purchase, you have made 1 BTC of wealth less than had you just held BTC, assuming BTC in USD stays constant. At that point, you could have just bought BTC which is FAR less risky than buying a miner.

And the idea that people who can't buy BTC should buy a miner? What on earth are you smoking?!

[shawshankinmate37927]

CUBE should meet roi in fiat since btc is going to the moon, it's for one of those ppl living in one of those countries having a hard time aquiring btc through exchanges, they better get one of these asics than holding on to fiat. well these ppl are 80%+ of earth population btw

Why would you measure ROI in fiat?  Shouldn't ROI always be measured in BTC?  (You don't have to use an exchange to acquire BTC.  I've never used Mt. Gox, Bitstamp, or any of the other exchanges.)

Most people do not have easy access to btc yet. Count yourself among the fortunate few who do. To you, it sounds trivial. To most, it is still difficult. A miner can make it simple. And mostly anonymous.

You don't think someone who is capable of accessing the internet and placing an order for mining hardware and then connecting that hardware to the Bitcoin network would also be able to access this forum and buy some BTC using escrow?

[romerun]

Say you live in Burma, you can buy products from china, but pry way harder to wire money to bitstamp, especially for small players. If you wait another year for it to be easier to get btc directy, btc will be like $2000. Even the usb stick is better than fiat at this point.

I know for a fact that FC is shipping to these ppl on group buying and what not.

This whole asic thing is an important way to pump money into cryptomoney world.

[kendog77]

Very cool and well designed!

I'd buy one of these in a heartbeat if it came with upgraded ASICs (not buying any BE 100's anymore)

Small typo on the last slide: accessaries > accessories

Agreed. If ASICMiner can take the Cube design and pair it with upgraded, more power efficient chips, I think they'll have a real winner on their hands.

[reactor]

Say you live in Burma, you can buy products from china, but pry way harder to wire money to bitstamp, especially for small players. If you wait another year for it to be easier to get btc directy, btc will be like $2000. Even the usb stick is better than fiat at this point.

I know for a fact that FC is shipping to these ppl on group buying and what not.

This whole asic thing is an important way to pump money into cryptomoney world.

The problem is that they are only charging BTC for these.  For someone who wants one right now w/o BTC in their wallet, that means the price is roughly $750/ea at 1.5BTC.  For something that isn't likely to reach 1.5BTC in earnings due to the (should be soon) November shipping for KNC, the price is absurd for "old" hardware.  

Manufacturers need to charge USD/fiat so the price is set in stone.  This cube would have cost ~$300 a few weeks back, now it costs > $750, and the sad fact is that all manufacturers know this when charging BTC.  That is the really absurd thing here, since things like power, hardware, etc., all have a physical cost to create a virtual currency, so if they want to get realistic about people buying these hand warmers they need to charge a straight price and not something that varies by day and is prohibitive to someone w/o BTC to use.  

[candoo]

Say you live in Burma, you can buy products from china, but pry way harder to wire money to bitstamp, especially for small players. If you wait another year for it to be easier to get btc directy, btc will be like $2000. Even the usb stick is better than fiat at this point.

I know for a fact that FC is shipping to these ppl on group buying and what not.

This whole asic thing is an important way to pump money into cryptomoney world.

How do thoose people  wire the money to china to purchase the hardware? They could just wire it to btc china und buy coins

[Kouye]

How do thoose people  wire the money to china to purchase the hardware? They could just wire it to btc china und buy coins

Enjoying the scammed BTC, candoo?
Could you post pictures of your new yatch, at least?

[romerun]

group buy, reseller, etc, although you might argue why not doing group buy/reseller on btc instead, oh well, 

[romerun]

just got off with the phone with satoshi, he called it top at 532ish, crash coming

[minerpumpkin]

OK, so what do you reckon, when is the stock price going to rise again? Dividends? Official statement from the cat? Ever? Or is it still "too high" and needs further corrections? And will the dividends rise again or are they bound to settle somewhere below the current level?

[jimmothy]

OK, so what do you reckon, when is the stock price going to rise again? Dividends? Official statement from the cat? Ever? Or is it still "too high" and needs further corrections? And will the dividends rise again or are they bound to settle somewhere below the current level?

   The original promise to maintain 10% of the network seems like a good goal.  I'm guessing that has to be about 3-4x what we've got now, not knowing for sure what the franchisees contribute.  Maintaining that (discounting sales revenues) would see the market rate somewhere in the 1.5btc range. and divs of ~0.01.  Maybe a pipe dream at this point, but from my perspective, it seems plausible. I tend not to give up easily, which means I let massive profits pass me by on this ride, but I've always been in it for the steady dividend anyway.  Have to buy a few more down here in the basement (surely?) to bring my cost average in line 

No additional hash rate will be added until gen2 is completed. With the amount of capital AM has they could easily maintain even 20% of the network with current gen chips but in the long run there is no point adding some chips that will need to be replaced as soon as next gen is finished. I predict any day now we will hear news of gen2 being rolled out and hashrate along with stock price will skyrocket.

[minerpumpkin]

The original promise to maintain 10% of the network seems like a good goal.  I'm guessing that has to be about 3-4x what we've got now, not knowing for sure what the franchisees contribute.  Maintaining that (discounting sales revenues) would see the market rate somewhere in the 1.5btc range. and divs of ~0.01.  Maybe a pipe dream at this point, but from my perspective, it seems plausible. I tend not to give up easily, which means I let massive profits pass me by on this ride, but I've always been in it for the steady dividend anyway.  Have to buy a few more down here in the basement (surely?) to bring my cost average in line 

Yeah, sounds like a resonable goal/plan. I wonder if and how many 1st gen chips they're ramping up currently. Ha, yeah. I soaked up some of those shares but a still declining price puzzles me. The last dividend wasn't a dream but a very much needed sign of stability. Why didn't this cause a lasting increase? I thought the cat would be announcing something or at least address the shareholders  
But yeah... guys, I need to be reassured   We all need some positive thinking!!!

[minerpumpkin]

No additional hash rate will be added until gen2 is completed. With the amount of capital AM has they could easily maintain even 20% of the network with current gen chips but in the long run there is no point adding some chips that will need to be replaced as soon as next gen is finished. I predict any day now we will hear news of gen2 being rolled out and hashrate along with stock price will skyrocket.

That'd be awesome! Are you sure gen 2 is just about to be deployed? I find it really hard to even fathom what timespans or dates all the announcements are targeting...

[Rival]

One thing to keep in mind:

Say FC does come out with guns blazing and reclaims the 10% hash. Total weekly blocks (on average) for 10% of the network is right around 100 blocks,(6 per hour * 24 hours * 7 days)

100 blocks times 25 btc = 2500 btc /week.

Those redistributed to 400,000 shareholders = 0.00625 per share

At $530 per btc that is $3.31 per share per week.

At $1000 per btc, that is $6.25 per share per week.

At $5000 per btc that is $31.25 per share per week.

With btc at $5000 you would need only 32 shares to make $1000 per week in dividends.


With btc rising as rapidly as they are, the need to capture a good percentage of the global hash becomes critical. Of course, I did not remove expenses, or add franchising, or hardware sales, etc. I just wanted to show what you could do just by capturing a good chunk of the network hash.

[jimmothy]

That'd be awesome! Are you sure gen 2 is just about to be deployed? I find it really hard to even fathom what timespans or dates all the announcements are targeting...

Without any info from AM it is impossible to predict when it is going to be deployed. If I remember correct they ran into problems with 65/55nm tech for gen2 and were looking in using 45nm instead. Also gen3 is supposed to use 28nm which is supposedly the best cost efficiency available with current technology.

As literally every asic manufacturer has discovered, making asics is not an easy/straightforward task. Nearly every manufacturer has run into delays and under performing specs which is why many respect asicminer for not speculating on future hardware performance.