ASICMINER: Entering the Future of ASIC Mining by Inventing It

[empoweoqwj]

I do believe its December 17th in Asia. I should know really as I live here 

Let's hope we get some kind of well-translated report from the meeting, but I guess it might all be private?

I think FC is acquiring people/companies/investors who will be buying the gen 3 chips for use in their own equipment and/or franchised hosting. I don't we'll be seeing a fully-fledged report but rather (maybe) a side note in an upcoming announcement "a meeting has been held to discuss deployment of gen 3 hardware"

Its that word "investor" that interests me. Unless its been mis-translated of course 

[Pompobit]

it seems like the asic miner mining farm

That or a franchise... I only know of Bitfountain and Asicminer, should we as investors no more about these other entities?

Isnt that the same mining farm as in
https://bitcointalk.org/index.php?topic=346134.0

The way the photos are taken is quite differently.

I think this solves the puzzle:
http://www.theverge.com/2013/12/2/5165428/bitcoin-mine-in-hong-kong-uses-jelly-to-keep-cool?utm_medium=referral&utm_source=pulsenews

The ASICMINER open bath immersion system was reportedly built by Hong Kong-based company Allied Control

[apollojmr]

Looks like this is the company that Friedcat is in with...http://www.allied-control.com/

[empoweoqwj]

Looks like this is the company that Friedcat is in with...http://www.allied-control.com/

Again, this is very old news ...........

[Endlessa]

Edit: further more, buying a miner with btc to mine btc is pointless.  BUT, buying one with fiat to get BTC is why they exist in the first place.  The model of selling miners for BTC is a fail model, AM could really use this to it's advantage, if they can capitalize in yuan. then leave their mining profits in BTC, but use yuan to pay their supply line

I agree with this.  We may see an increase in demand for mining equipment in China.

If BTC exchanges in china or AM have their funding in order, they would immediately deploy BTC ATM machine network.  As long as you aren't the chinese bank, I see nothing that says you can't. In fact, I only see there were they are saying it is legal and fine to use.

[pornluver]

Okay, what's the valuation for this stock now?

[empoweoqwj]

Okay, what's the valuation for this stock now?

Look at front page of havelock.com - AM1 - 0.26BTC

[nexus 6]

Gentlemen, last two hour for bid in my auction. Actually 0.05 cheaper than havelock

https://bitcointalk.org/index.php?topic=373392.new#new

[Rival]

Chip design is a complicated thing. One would assume people would realize this, but I see the process over-simplified repeatedly. There are far more variables involved than just "How many NM is it?"

FC found this out the hard way, the same as BFL and many others. They taped out chips that ended up sucking up too much juice and running way too hot. There are a variety of solutions, but I like the path FC is taking. His 40nm chips will likely outperform the 28nm chips from other companies by a fair margin. And they will cost a fraction of what the 28nm chips will to manufacture. The problem though will be massive heat generation. Solution? Immersive cooling.

I mean really, there is an obvious strategy here. Lets look at the advantages:

Chips at less than 1/10 the cost of the competition
Higher performance chips (as measured in Gh/s)
Plenty of available foundries
Higher density cards and racks
Lower electricity costs for cooling
Deliverable turnkey farms (in storage containers)
Lower facilities costs ( don't need a traditional datacenter)

This really is the future of ASIC mining by inventing it, just like the tag line says. Friedcat is addressing issues most of the competition hasn't even contemplated yet. He is going industrial.

[reactor]

Chip design is a complicated thing. One would assume people would realize this, but I see the process over-simplified repeatedly. There are far more variables involved than just "How many NM is it?"

FC found this out the hard way, the same as BFL and many others. They taped out chips that ended up sucking up too much juice and running way too hot. There are a variety of solutions, but I like the path FC is taking. His 40nm chips will likely outperform the 28nm chips from other companies by a fair margin. And they will cost a fraction of what the 28nm chips will to manufacture. The problem though will be massive heat generation. Solution? Immersive cooling.

I mean really, there is an obvious strategy here. Lets look at the advantages:

Chips at less than 1/10 the cost of the competition
Higher performance chips (as measured in Gh/s)
Plenty of available foundries
Higher density cards and racks
Lower electricity costs for cooling
Deliverable turnkey farms (in storage containers)
Lower facilities costs ( don't need a traditional datacenter)

This really is the future of ASIC mining by inventing it, just like the tag line says. Friedcat is addressing issues most of the competition hasn't even contemplated yet. He is going industrial.

When mining goes "industrial" the community is dead.  The capabilities to deploy a liquid cooled behemoth fall to the very few, so hopefully the future has an answer to the block halving issue because the return on something that expansive will be questionable from the get-go, let alone remaining viable long-term.  Removing the concept of the block reward halving, the specs on a box would have to be absurdly impressive considering the higher-end that folks like KNC are starting to shoot for.  If a Neptune becomes the new norm for the hobbyist-turned-pro miner, we're at the verge of 2014 seeing an even more absurd growth curve than 2013 as far as hashrate distribution. 

Not to mention the ever-present X-factor that you could get a BFL-type company or even a KNC who says screw it, we're making our retirement, who cares how much hardware we push out and what impact it has on "the network".  Standard industry practice among the more greedy VC types is to bleed an industry of all the cash it has before moving on to the next industry, leaving both companies and customers in the dust.  BTC isn't immune to that, look how little cash it takes to tip markets and drive prices up and down the "to-the-moon" scale people like to use. 

I don't blame FC for thinking big, I blame the ASIC manu's across the board for thinking scaling up to industrial requirements is the future of mining.  The only direction this is going is centralization.

[CumpsD]

New to AM Direct shares, is there a central place where all information is collected without having to read 800 forum pages?

- Shareholder list
- Dividend amounts
- ...

[SmiGueL]

Looks like: ~0.00121000 BTC/share

0.0012171BTC/share confirmed

[empoweoqwj]

Chip design is a complicated thing. One would assume people would realize this, but I see the process over-simplified repeatedly. There are far more variables involved than just "How many NM is it?"

FC found this out the hard way, the same as BFL and many others. They taped out chips that ended up sucking up too much juice and running way too hot. There are a variety of solutions, but I like the path FC is taking. His 40nm chips will likely outperform the 28nm chips from other companies by a fair margin. And they will cost a fraction of what the 28nm chips will to manufacture. The problem though will be massive heat generation. Solution? Immersive cooling.

I mean really, there is an obvious strategy here. Lets look at the advantages:

Chips at less than 1/10 the cost of the competition
Higher performance chips (as measured in Gh/s)
Plenty of available foundries
Higher density cards and racks
Lower electricity costs for cooling
Deliverable turnkey farms (in storage containers)
Lower facilities costs ( don't need a traditional datacenter)

This really is the future of ASIC mining by inventing it, just like the tag line says. Friedcat is addressing issues most of the competition hasn't even contemplated yet. He is going industrial.

When mining goes "industrial" the community is dead.  The capabilities to deploy a liquid cooled behemoth fall to the very few, so hopefully the future has an answer to the block halving issue because the return on something that expansive will be questionable from the get-go, let alone remaining viable long-term.  Removing the concept of the block reward halving, the specs on a box would have to be absurdly impressive considering the higher-end that folks like KNC are starting to shoot for.  If a Neptune becomes the new norm for the hobbyist-turned-pro miner, we're at the verge of 2014 seeing an even more absurd growth curve than 2013 as far as hashrate distribution. 

Not to mention the ever-present X-factor that you could get a BFL-type company or even a KNC who says screw it, we're making our retirement, who cares how much hardware we push out and what impact it has on "the network".  Standard industry practice among the more greedy VC types is to bleed an industry of all the cash it has before moving on to the next industry, leaving both companies and customers in the dust.  BTC isn't immune to that, look how little cash it takes to tip markets and drive prices up and down the "to-the-moon" scale people like to use. 

I don't blame FC for thinking big, I blame the ASIC manu's across the board for thinking scaling up to industrial requirements is the future of mining.  The only direction this is going is centralization.

So what do you expect FC to do? Go home and pack in the business? Of course its going industrial. Its a big business.

[silverfuture]

0.0012171

[explorer]

New to AM Direct shares, is there a central place where all information is collected without having to read 800 forum pages?

- Shareholder list
- Dividend amounts
- ...

History is always important. Read it anyway. Lots of drivel, but solid info too.
Look on Havelock for last few months worth of divs, beyond that it gets harder...

[empoweoqwj]

New to AM Direct shares, is there a central place where all information is collected without having to read 800 forum pages?

- Shareholder list
- Dividend amounts
- ...

History is always important. Read it anyway. Lots of drivel, but solid info too.
Look on Havelock for last few months worth of divs, beyond that it gets harder...

I'd read the pages. It takes a few day days but gives you a solid understanding of AM. Shorter than "War and Peace" ... probably

[Rival]

Chip design is a complicated thing. One would assume people would realize this, but I see the process over-simplified repeatedly. There are far more variables involved than just "How many NM is it?"

FC found this out the hard way, the same as BFL and many others. They taped out chips that ended up sucking up too much juice and running way too hot. There are a variety of solutions, but I like the path FC is taking. His 40nm chips will likely outperform the 28nm chips from other companies by a fair margin. And they will cost a fraction of what the 28nm chips will to manufacture. The problem though will be massive heat generation. Solution? Immersive cooling.

I mean really, there is an obvious strategy here. Lets look at the advantages:

Chips at less than 1/10 the cost of the competition
Higher performance chips (as measured in Gh/s)
Plenty of available foundries
Higher density cards and racks
Lower electricity costs for cooling
Deliverable turnkey farms (in storage containers)
Lower facilities costs ( don't need a traditional datacenter)

This really is the future of ASIC mining by inventing it, just like the tag line says. Friedcat is addressing issues most of the competition hasn't even contemplated yet. He is going industrial.

When mining goes "industrial" the community is dead.  The capabilities to deploy a liquid cooled behemoth fall to the very few, so hopefully the future has an answer to the block halving issue because the return on something that expansive will be questionable from the get-go, let alone remaining viable long-term.  Removing the concept of the block reward halving, the specs on a box would have to be absurdly impressive considering the higher-end that folks like KNC are starting to shoot for.  If a Neptune becomes the new norm for the hobbyist-turned-pro miner, we're at the verge of 2014 seeing an even more absurd growth curve than 2013 as far as hashrate distribution.  

Not to mention the ever-present X-factor that you could get a BFL-type company or even a KNC who says screw it, we're making our retirement, who cares how much hardware we push out and what impact it has on "the network".  Standard industry practice among the more greedy VC types is to bleed an industry of all the cash it has before moving on to the next industry, leaving both companies and customers in the dust.  BTC isn't immune to that, look how little cash it takes to tip markets and drive prices up and down the "to-the-moon" scale people like to use.  

I don't blame FC for thinking big, I blame the ASIC manu's across the board for thinking scaling up to industrial requirements is the future of mining.  The only direction this is going is centralization.

So what do you expect FC to do? Go home and pack in the business? Of course its going industrial. Its a big business.

Imagine hundreds or thousands of AM container farms deployed around the world by nation-states, corporations, and cooperatives. Just because you can't put one in your basement or afford to own and run one yourself does not mean it is not decentralized. In 5 years there could be tens of thousands of them deployed, especially as competitors emerge and follow the model FC is pioneering. This is all possible with btc at $10,000 each.

[silverfuture]

Chip design is a complicated thing. One would assume people would realize this, but I see the process over-simplified repeatedly. There are far more variables involved than just "How many NM is it?"

FC found this out the hard way, the same as BFL and many others. They taped out chips that ended up sucking up too much juice and running way too hot. There are a variety of solutions, but I like the path FC is taking. His 40nm chips will likely outperform the 28nm chips from other companies by a fair margin. And they will cost a fraction of what the 28nm chips will to manufacture. The problem though will be massive heat generation. Solution? Immersive cooling.

I mean really, there is an obvious strategy here. Lets look at the advantages:

Chips at less than 1/10 the cost of the competition
Higher performance chips (as measured in Gh/s)
Plenty of available foundries
Higher density cards and racks
Lower electricity costs for cooling
Deliverable turnkey farms (in storage containers)
Lower facilities costs ( don't need a traditional datacenter)

This really is the future of ASIC mining by inventing it, just like the tag line says. Friedcat is addressing issues most of the competition hasn't even contemplated yet. He is going industrial.

When mining goes "industrial" the community is dead.  The capabilities to deploy a liquid cooled behemoth fall to the very few, so hopefully the future has an answer to the block halving issue because the return on something that expansive will be questionable from the get-go, let alone remaining viable long-term.  Removing the concept of the block reward halving, the specs on a box would have to be absurdly impressive considering the higher-end that folks like KNC are starting to shoot for.  If a Neptune becomes the new norm for the hobbyist-turned-pro miner, we're at the verge of 2014 seeing an even more absurd growth curve than 2013 as far as hashrate distribution.  

Not to mention the ever-present X-factor that you could get a BFL-type company or even a KNC who says screw it, we're making our retirement, who cares how much hardware we push out and what impact it has on "the network".  Standard industry practice among the more greedy VC types is to bleed an industry of all the cash it has before moving on to the next industry, leaving both companies and customers in the dust.  BTC isn't immune to that, look how little cash it takes to tip markets and drive prices up and down the "to-the-moon" scale people like to use.  

I don't blame FC for thinking big, I blame the ASIC manu's across the board for thinking scaling up to industrial requirements is the future of mining.  The only direction this is going is centralization.

So what do you expect FC to do? Go home and pack in the business? Of course its going industrial. Its a big business.

Imagine hundreds or thousands of AM container farms deployed around the world by nation-states, corporations, and cooperatives. Just because you can't put one in your basement or afford to own and run one yourself does not mean it is not decentralized. In 5 years there could be tens of thousands of them deployed, especially as competitors emerge and follow the model FC is pioneering. This is all possible with btc at $10,000 each.

Exactly, industrialization does not equal centralization.

[weaknesswaran]

BTC sale pays electricity and you get the heat for free.

Every swimmingpool could have one.

[prancing_around]

BTC sale pays electricity and you get the heat for free.

Every swimmingpool could have one.

Maybe someone can figure out how to use colored coins to get the yellow water out….