ASICMINER: Entering the Future of ASIC Mining by Inventing It

[hammurabi]

G.ASICMINER
If nothing unexpected happens, Ukyo will provide a shareholder list to Friedcat on Dec 1, for direct shares.

Must have something unexpected happened.
Most likely with such an unexpected kind of service like BitFunder.

[hl5460]

arent we suppose to get dividents to direct shares? I didnt transfer my shares out of bitfunder, thought they will become direct shares.

+1 That's what I thought too. Do we need to send some signed message to friedcat to verify or something.

[kirawei]

Fried cat please come out to prove that Ukyo really transferred our shares or not,please! It's very important to us!Please do not ignore,I already tried to send you 2 personal messages but no reply.

[heropzy]

Fried cat please come out to prove that Ukyo really transferred our shares or not,please! It's very important to us!Please do not ignore,I already tried to send you 2 personal messages but no reply.

Fired cat, please help on that. We can't bear the lost again....

[chriswilmer]

My missing divs arrived! Thanks friedcat, you're the best!

[kirawei]

Anyone who didn't get their G.ASICMINER-PT share dividend please go to https://bitcointalk.org/index.php?topic=358286.0   to discuss further since UKYO AND FRIEDCAT ARE NOT REPLYING AT ALL.thx

[Zubilica]

Is anyone compiling a list of questions for the board, as was previously done? 

Mostly people just repeatedly ask when the next poll will happen.

When it comes down to it, people are either too lazy to compile a sane list of questions, realize their questions aren't good ones, or have already been answered.

If you guys get a reasonable list of such unanswered questions together, I'd be glad to present them to FC.

This has been the case since the first poll.

Going over the posts since the last official update on November 22, I've compiled the following list.

• When can we expect an official public relations appointment and what channels will be used to announce information?
• What is the size of the first Gen 3 deployment and when is it expected?
• How will Gen 3 be divided between mining, franchising and hardware sales?
• What process size does Gen 3 use?
• What will happen after all cubes are sold?  Will there be anything coming between now and the first Gen 3 deployment?
• Have dividends been paid out to shareholders for the cube sales yet?

Would anyone be so kind as to put these into some format that could be voted on?

Would anyone like to add anything?  Ask in the thread or send me a PM and I'll update the list.

ThickAsThieves, is there a particular date to use as a deadline to make things easier for yourself and Friedcat?  It would seem fair to allow Friedcat at least a week to prepare proper responses.

Your questions have been forwarded, no need to vote.

Also a few more questions to ask should be::
~What is the stance on making equipment that has greater power than previous models? We have only seen the cubes at a whopping 38GH are there any plans to sell equipment with any level of TH power?
~If we have seen proven time after time that communication helps the price of the shareholders stock high, then why are we losing faith with zero communication?
~Are there any plans at all at branching out into any merged mining/ altcoin mining?
~Who are you Friedcat? Do you ever plan on revealing your identity to the public?
~How many people are involved in Bitfountain?
I am not sure if any of these questions will be answered but the lack of answering will only make more doubt in the whole scheme of things.

Now back to more serious questions , like ones above

[ninjarobot]

How will the recent Chinese regulations on Bitcoin affect AM?

http://www.reddit.com/r/Bitcoin/comments/1s5hzl/my_human_translation_of_the_china_regulation/

[Xu]

How will the recent Chinese regulations on Bitcoin affect AM?

http://www.reddit.com/r/Bitcoin/comments/1s5hzl/my_human_translation_of_the_china_regulation/

Doesn't look like this will have any direct effect on AM whatsoever. As an indirect effect, Chinese financial institutions are forbidden from exchanging bitcoins, so it will probably slow down the acceptance of bitcoin in China, so we may start seeing less demand for bitcoins in China which may depress the bitcoin price. As far as AM's mining and hardware sales go, there is absolutely no limits or issues.

[minerpumpkin]

How will the recent Chinese regulations on Bitcoin affect AM?

http://www.reddit.com/r/Bitcoin/comments/1s5hzl/my_human_translation_of_the_china_regulation/

Yeah I think there shouldn't be any problems, either. I sent FC a message and asked him to reassure us or make a statement, but I guess he's working on gen 3. He'll be aware of the issues.

[velacreations]

alternatively, if you can't get bitcoins from a bank, then it may create a demand for mining hardware in China.  It would be an alternative way to get fiat into btc.

[ffwong]

alternatively, if you can't get bitcoins from a bank, then it may create a demand for mining hardware in China.  It would be an alternative way to get fiat into btc.

They just stop the banks and financial institutions to exchange fiat for btc. There is no regulation to ban online fiat/btc exchange services to continue.

[AMuppInTime]

For those who (like me) have focused a little too closely on ASICminer thread - here's a link to KnC's thread: https://bitcointalk.org/index.php?topic=170332.0

It was started in APRIL 2013 and has over 1200 pages... It has shipped and plans to ship the current best miners (2TH+ in january)for extremely cheap prices ($6,000) (Edit: That's actually Cointerra's Terraminer IV) This is the competition and I feel it is worth bringing in here when discussing ASICminer. Did ASICminer's business plan change to account for the incredible fast rise of KnC? Does it include the CONTINUED fast development we're seeing from them?

[jimmothy]

For those who (like me) have focused a little too closely on ASICminer thread - here's a link to KnC's thread: https://bitcointalk.org/index.php?topic=170332.0

It was started in APRIL 2013 and has over 1200 pages... It has shipped and plans to ship the current best miners (2TH+ in january) for extremely cheap prices ($6,000)  This is the competition and I feel it is worth bringing in here when discussing ASICminer. Did ASICminer's business plan change to account for the incredible fast rise of KnC? Does it include the CONTINUED fast development we're seeing from them?

Lol...

[AMuppInTime]

Lol...

Please stop trolling, and start contributing. Most of your posts are either vitriolic or appear made up. Quoting sources for replies would help with taking you more seriously too. 

[ffernandex]

For those who (like me) have focused a little too closely on ASICminer thread - here's a link to KnC's thread: https://bitcointalk.org/index.php?topic=170332.0

It was started in APRIL 2013 and has over 1200 pages... It has shipped and plans to ship the current best miners (2TH+ in january) for extremely cheap prices ($6,000)  This is the competition and I feel it is worth bringing in here when discussing ASICminer. Did ASICminer's business plan change to account for the incredible fast rise of KnC? Does it include the CONTINUED fast development we're seeing from them?

Where did you get this info from? I think you are very mistaken.

KNCMiner is currently shipping their November batch of Jupiters (~ 650 GH/s) which is the most likely reason of the last spike in hashing these days. These were sold in the 5000-6000 range if I'm not mistaken.

They also just launched the pre-order of their new miners, called Neptune, which has been promised to be at least 3 TH/s machines. The first batch for previous customers sold 1200 units for $10,000 US, and now they're selling the second batch of 1200 for $13,000.

The big problem with this preorder thing is that they are committing to deliver during Q1/Q2 2014, which means a 6 month range that can make the difference between big BTC profit and big BTC loss. Even when I am a reasonably satisfied previous customer, I refused to take this deal because my estimations for difficulty increase made clear that it was very difficult to recoup the BTC investment.

I'm estimating that depending on delivery date, a Neptune could make between 6-13 coins. Consider that buying a Neptune was, best case scenario, about 10 BTC not considering hosting/electricity/shipping/duties. And if they delay the release for any "unforeseeable" reason, you'll be royally screwed.

The problem with KnCMiner is the same problem with all pre-orders, you'll never recoup your original BTC investment. It can be a fun way to purchase BTC "futures" but most likely not a way to multiply your existing BTC. I was one of the early preorders for the jupiter, and even though I've been doing pretty fine with mining, I'm expecting to break even BTC-wise. I will obtain in the end very much the same amount of coins I could have purchased directly at the time of buying the machine.

ASICMiner on the other hand, does not run these pre-order schemes. So you are much more likely of making a reasonable assumption of ROI when purchasing a miner. Also, if ASICMiner tapes out in late January, and starts selling/deploying miners anytime in Februray or early March, they can kick KnCMiner's ass, as I really don't think they deliver anything before April. Also, even with older technology ASICMiner's estimations for energy consumption of Gen3 are much lower than KnCMiner super 20nm chips.









 


 

[jimmothy]

Lol...

Please stop trolling, and start contributing. Most of your posts are either vitriolic or appear made up. Quoting sources for replies would help with taking you more seriously too.  

Please go to kncminer thread and stay there.. We all know about knc and the competition they bring. The guy before me basically covered everything having to due with how shitty preorders are. He forgot to mention that knc might end up with underperforming hardware along with missed deadlines. Preorders as far as I'm concerned mean absolutely nothing.

But dat 20nm tech so cool right? Please take my money for a product that doesn't exist.

I do appreciate you coming to this thread every once in a while to let us know why you think AM will fail. Or as you call it "contributing"

[AMuppInTime]

Where did you get this info from? I think you are very mistaken.

I was mixing my sources as I just started following various threads - the current 2TH for January is Cointerra's Terraminer IV (https://cointerra.com/product/terraminer-iv-2ths-networked-miner-january-soldout/) Additionally KnC will ship miners such as the Neptune in Q1/Q2 (https://www.kncminer.com/products/neptune) and appears to have quite a solid backlog (http://www.businessinsider.com/knc-sells-8-million-in-miners-2013-11) of 800 preorders 3 days ago - that's at least a rise of 2.4PH for the network (we're currently at 6.2PH in December) not considering other manufacturers. Both companies appear to have solid deliveries so far - and fallbacks if missed schedule.

CoinTerra's Terraminer IV (http://thegenesisblock.com/cointerra-announces-2ths-asic-bitcoin-miner-for-15750/) appear to have a 0.6W/GH consumption (https://cointerra.com/cointerra-open-silicon-announce-tape-goldstrike1-asic/), this is 3 times more than fc's 0.2W/GH promise but we are further away from release (nov tapeout: we're at least 3 months behind if not further)

=> my issue is more about the difficulty increase of the network than about the chip efficiency powerwise - is there a network difficulty prediction analysis that takes into account those two companies? (links?)

ASICMiner on the other hand, does not run these pre-order schemes. So you are much more likely of making a reasonable assumption of ROI when purchasing a miner. Also, if ASICMiner tapes out in late January, and starts selling/deploying miners anytime in Februray or early March, they can kick KnCMiner's ass, as I really don't think they deliver anything before April. Also, even with older technology ASICMiner's estimations for energy consumption of Gen3 are much lower than KnCMiner super 20nm chips.

"If" - As much as I hate to point it out: we did miss the delivery of Gen2 chips and they got scrapped. But then the Terraminer IV batch 1 will still be there in Jan, batch 2 in march, and they have open order for Batch 3 (April)
CT had its "tapeout" on Nov8 - and their new hardware is supposed to ship in January / Mar / Apr. So if we do manage a January tapeout, we might not see anything before Apr/May... Will the competition be working on new chips by then (KnC)? What will the network be like with the new rival chips out?
Regarding the potential delivery issues:  CT did provide guarantees and rebates (https://cointerra.com/cointerra-announces-highest-performance-2-terahash-per-second-bitcoin-asic-mining-rig/) if unable to deliver within 30 days of delivery: that shows confidence, and so does the roaster of chip designers they have going. KnC meanwhile has had successful releases as well and is shipping their Jupiters. It bodes well for their next product: Neptune - promising a 30% reduction in W/GH ,(https://www.kncminer.com/categories/miners) in other words bringing them on par close to par with ASICminer's next gen .2W/GH (They would be at .4W/GH... but have a history of overdelivering as seen with the hash increase for jupiters). That right there should make more than a few of us nervous - it's a race indeed.

What I am getting at is that the BFL effect has dimmed: the field players are now actually shipping close to schedule and I am expecting that to continue.  

[AMuppInTime]

Lol...

Please stop trolling, and start contributing. Most of your posts are either vitriolic or appear made up. Quoting sources for replies would help with taking you more seriously too.  

Please go to kncminer thread and stay there.. We all know about knc and the competition they bring. The guy before me basically covered everything having to due with how shitty preorders are. He forgot to mention that knc might end up with underperforming hardware along with missed deadlines. Preorders as far as I'm concerned mean absolutely nothing.

But dat 20nm tech so cool right? Please take my money for a product that doesn't exist.

I do appreciate you coming to this thread every once in a while to let us know why you think AM will fail. Or as you call it "contributing"

We all know you're ASICminer's fanboy and trust me, I want AM to go up too - but preaching relies on faith, and I want to see numbers. If you can't provide quotes or links, don't post. "Please take my money for a product that doesn't exist." can just as well be applied to ASICminer right now.

[Zubilica]

well said +1