ASICMINER: Entering the Future of ASIC Mining by Inventing It

[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.

[empoweoqwj]

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.

Does nobody find it strange that you can run into problems with 65/55nm tech, but able to implement 45nm .......... sounds the wrong way round!

[webbrowser]

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.

If you thought btc would rise 10-fold, why not just accumulate btc?

[explorer]

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.

If you thought btc would rise 10-fold, why not just accumulate btc?

You would. An income stream is priceless though, so some thought to benefits without consuming your principle is in order.  In the BTC world, AM is still about the steadiest safe earner, not to mention highest yielding. Assuming dividends and prices have stabilized. Its been several days, you know!

[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.

Does nobody find it strange that you can run into problems with 65/55nm tech, but able to implement 45nm .......... sounds the wrong way round!

Do you have any idea how chip design works? Neither do I but based on what info we are given it seems like something to do with the fabrication of 65/55nm that didn't work but a different fabricator capable of 45nm chips was instead being looked in to.


Everyone should definitely read this article for more info: http://thegenesisblock.com/new-asicminer-financial-statements-offer-performance-insight/

[hak8or]

One thing to keep in mind:

{Snip}

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.

If you thought btc would rise 10-fold, why not just accumulate btc?

If BTC would rise, why not allow yourself for more risk by investing the BTC to make even more wealth? Though, based on my extremely laid back analysis (just looking at the share price graph), it seems that the more BTC rises, the lower these shares go. So it could result that you invest in asicminer and then make no serious gains since the share price fell relatively inverse to BTC value.

[hammurabi]

One thing to keep in mind:

{Snip}

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.

If you thought btc would rise 10-fold, why not just accumulate btc?

If BTC would rise, why not allow yourself for more risk by investing the BTC to make even more wealth? Though, based on my extremely laid back analysis (just looking at the share price graph), it seems that the more BTC rises, the lower these shares go. So it could result that you invest in asicminer and then make no serious gains since the share price fell relatively inverse to BTC value.

It happens to be true.

But it might not be true if next gen chips were hashing multiplying invested coins.
This is what most of us anticipated without awareness of development issues.
And then... the shit hit the fan as they used to say.

[freedomno1]

Think we will start seeing sales revenue soon as a sidenote that and the dividends marginal as they are seem to be on a rising trend

[dexX7]

55 nm? 45 nm?

7. Research & Development
We had tried several different really intricate and speculative designs for 2014, based on the assumption being competitive in a fully saturated market (average return rate getting close to normal business' single digits per year). but originally with a limited channel/staff, it can be very difficult to fully explore them. So, we conducted interviews, and recently identified several exceptional people.

We will be spreading design risk by working on several designs simultaneously and having all other designs' info/simulation results fed back to the main design process. Our designs changed aggressively and the expected successful rate (on a working mask) drops compared to the standard flow so it has to be fully (wave-level) simulated before fabrication.

8. Financial Report
The next official ASICMINER Financial Report is scheduled to be released on October 20s. We had been in the process of accumulating reserves for a two-year-based small lab (all salaries) and a full mask cost for 40nm for one month. Additional income may be reserved for other chip advancements.

[talnted]

Asicminer share price appears to be dropping pretty quick