ASICMINER: Entering the Future of ASIC Mining by Inventing It

[weaknesswaran]

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

Every swimmingpool could have one.

[1715077343]

1715077343

[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….

[binaryFate]

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….

Being a pioneer in immersion cooling should give us an edge...

[Voodah]

While Industrialization does not equal Centralization; it does certainly help because of the simple fact it prevents the small guy to contribute. That said, there's is no way of going forward without some degree of Industrialization. Saying No to Industrialization is only an idealistic and romantic stance at most.

However, the fact is we are already having centralization problems (GHash.io is the largest pool, with proven dishonest behavior, and borderline-scam prices) so this is a topic where serious thought needs to be put by those with power and control. It is in their (and everyone else's) best interest.

[Kyune]

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.

Gee, you don't think my Homeowner's Association would mind if I stack 5 or 6 containers in my tiny suburban backyard, do you?   

"Uh...it's a kids' play structure."

[vortex1878]

Please find my new ASCIMINER direct shares auction here:

https://bitcointalk.org/index.php?topic=376165.0

[benm]

I wonder how FriedCat will now convert RMB/Yuan from sales in China back into bitcoin to pay shareholders now that it looks like it's not going to be possible to buy any more bitcoin in China?

[cs54]

I wonder how FriedCat will now convert RMB/Yuan from sales in China back into bitcoin to pay shareholders now that it looks like it's not going to be possible to buy any more bitcoin in China?

Maybe he won't (and won't need to), if e.g. RMB income is used to fund operations and payroll and BTC income is distributed.

[chriswilmer]

I wonder how FriedCat will now convert RMB/Yuan from sales in China back into bitcoin to pay shareholders now that it looks like it's not going to be possible to buy any more bitcoin in China?

It's a good question... but these latest developments have made me more bullish on AM. Not only will a depressed price hold off the Intel's of the world, but there is now additional incentive in China to buy mining equipment (even at a "loss") because of the limited ways in which bitcoin can be obtained.

[reactor]

While Industrialization does not equal Centralization; it does certainly help because of the simple fact it prevents the small guy to contribute. That said, there's is no way of going forward without some degree of Industrialization. Saying No to Industrialization is only an idealistic and romantic stance at most.

However, the fact is we are already having centralization problems (GHash.io is the largest pool, with proven dishonest behavior, and borderline-scam prices) so this is a topic where serious thought needs to be put by those with power and control. It is in their (and everyone else's) best interest.

Too many to quote so I just picked this one to start from.

Preventing the small guy to contribute => So is this Wall Street 2.0?  That is what it sounds like.  Oh here, we'll let the barons take this over and run with it, but we'll let them make stuff like ShareBuilder and AmeriTrade to tax people into, inside of, and coming out of the system.  Oh wait, we already have that, we sell shares and folks take management fees, it's what the Group Buy section has turned into.  Scale it up, this is where mining is going apparently.  And we've seen how well buying shares in hardware and hardware/mining companies has worked out so far.

De/Centralization => Hundreds or thousands of AM Containers?  Are you kidding me?  Let's bullshit with some numbers and say an AMC (AM Container) produces 100TH.  We'll go balls to the wall and use a Genesisblock guesstimate for diff and say in April, trimming numbers down, diff will be around 8.5b.  Just for reference, if the KNC Neptune ships in April (in their nice six month window) for the previous-customer price of $10k, it will never break even.  So we're rolling out AMC's, KNC is rolling out Neptunes, a few others may have gotten their act together and started shipping as well.  Rather than adding 100-400GH per device we're starting to crank out devices by the TH. And with multi-TH devices you have larger power requirements, ruling out anyone who rents, students, even some homeowners. 

Sadly the more I think about it and conjecture with other business friends the more we agree the ship has already sailed for mining.  It isn't even a race to the bottom, it's a down and out death march and is being led by AMCs and Neptunes.  And unfortunately, per what Voodah said, I doubt those with "power and control" really give a damn about this.  They're all chasing the dream, but in this case the more dreamers (vendors) that win the more everyone loses.  This time next year a 100GH device will be akin to an AM stick in terms of BTC generation capabilities and we'll likely see a severe drying up of custom hardware, aftermarket sales (read: ebay, amazon), group buys, you name it. 

[empoweoqwj]

While Industrialization does not equal Centralization; it does certainly help because of the simple fact it prevents the small guy to contribute. That said, there's is no way of going forward without some degree of Industrialization. Saying No to Industrialization is only an idealistic and romantic stance at most.

However, the fact is we are already having centralization problems (GHash.io is the largest pool, with proven dishonest behavior, and borderline-scam prices) so this is a topic where serious thought needs to be put by those with power and control. It is in their (and everyone else's) best interest.

Too many to quote so I just picked this one to start from.

Preventing the small guy to contribute => So is this Wall Street 2.0?  That is what it sounds like.  Oh here, we'll let the barons take this over and run with it, but we'll let them make stuff like ShareBuilder and AmeriTrade to tax people into, inside of, and coming out of the system.  Oh wait, we already have that, we sell shares and folks take management fees, it's what the Group Buy section has turned into.  Scale it up, this is where mining is going apparently.  And we've seen how well buying shares in hardware and hardware/mining companies has worked out so far.

De/Centralization => Hundreds or thousands of AM Containers?  Are you kidding me?  Let's bullshit with some numbers and say an AMC (AM Container) produces 100TH.  We'll go balls to the wall and use a Genesisblock guesstimate for diff and say in April, trimming numbers down, diff will be around 8.5b.  Just for reference, if the KNC Neptune ships in April (in their nice six month window) for the previous-customer price of $10k, it will never break even.  So we're rolling out AMC's, KNC is rolling out Neptunes, a few others may have gotten their act together and started shipping as well.  Rather than adding 100-400GH per device we're starting to crank out devices by the TH. And with multi-TH devices you have larger power requirements, ruling out anyone who rents, students, even some homeowners. 

Sadly the more I think about it and conjecture with other business friends the more we agree the ship has already sailed for mining.  It isn't even a race to the bottom, it's a down and out death march and is being led by AMCs and Neptunes.  And unfortunately, per what Voodah said, I doubt those with "power and control" really give a damn about this.  They're all chasing the dream, but in this case the more dreamers (vendors) that win the more everyone loses.  This time next year a 100GH device will be akin to an AM stick in terms of BTC generation capabilities and we'll likely see a severe drying up of custom hardware, aftermarket sales (read: ebay, amazon), group buys, you name it. 

Your only point appears to be "gloom and doom" - so people don't sell mining equipment on eBay, I'm so shattered by this news ..... all industries mature and just have a  few big players. That's just what happens. Deal with it.

[spartan82]

Well looks like the dividends are on the decrease all the way up until gen3 release. I dont suppose any more hardware will be added to AM's mining operation in the meantime?

[empoweoqwj]

Well looks like the dividends are on the decrease all the way up until gen3 release. I dont suppose any more hardware will be added to AM's mining operation in the meantime?

Nope. That's it until Gen3. It will be a cold hard winter.

[spartan82]

damn theres going to be some tough times ahead, hopefully we pull through back on top again in the new year

[empoweoqwj]

damn theres going to be some tough times ahead, hopefully we pull through back on top again in the new year

Certainly going to be some lower share prices ahead, that's 99.9% sure!!

[hyperiond]

Well looks like the dividends are on the decrease all the way up until gen3 release. I dont suppose any more hardware will be added to AM's mining operation in the meantime?

I don't think they will be able to maintain what they have.  If you look at http://erpao.info/ and zoom out to a month, you'll see the hash rate stepping down.  Note that this is not the "effective estimated hashrate" calculated by the blocks they mine. This is the actual measured hashrate of the data center.

If you click on the "Servers" tab, you'll see a lot of red servers.  Subtract actual from expected and you find 162 missing blades at 16GH/s each.  That adds up to about 2.5TH/s that is missing.  Subtract that from the 48TH/s that I am accustomed to seeing there and you arrive at the 45.5TH/s that the graph shows as current.

I speculate that they don't have the hardware to replace the bad blades and thus dividends will drop at a faster rate than expected because not only is our hash rate as a percentage of the network dropping, our hash rate as an absolute value is dropping as well.

That, of course, seems completely contradicted by the current lucky run we are on right now as we *just* found our fourth block of the day.

Oh, well...

[MilkyLep]

Certainly going to be some lower share prices ahead, that's 99.9% sure!!

Nope. That's it until Gen3. It will be a cold hard winter.

Even though I may agree with you, there's no need to try so hard. 

[mumchristmas]

Does any else missing dividend this week(12/18)?

Apart of my shares, which dividend successful last week, didn't pay out today.

Should I send FC an email for this?

[jimmothy]

Well looks like the dividends are on the decrease all the way up until gen3 release. I dont suppose any more hardware will be added to AM's mining operation in the meantime?

I don't think they will be able to maintain what they have.  If you look at http://erpao.info/ and zoom out to a month, you'll see the hash rate stepping down.  Note that this is not the "effective estimated hashrate" calculated by the blocks they mine. This is the actual measured hashrate of the data center.

If you click on the "Servers" tab, you'll see a lot of red servers.  Subtract actual from expected and you find 162 missing blades at 16GH/s each.  That adds up to about 2.5TH/s that is missing.  Subtract that from the 48TH/s that I am accustomed to seeing there and you arrive at the 45.5TH/s that the graph shows as current.

I speculate that they don't have the hardware to replace the bad blades and thus dividends will drop at a faster rate than expected because not only is our hash rate as a percentage of the network dropping, our hash rate as an absolute value is dropping as well.

That, of course, seems completely contradicted by the current lucky run we are on right now as we *just* found our fourth block of the day.

Oh, well...

That hashrate is for one of the datacenters but not all if I remember correct.

[hyperiond]

... http://erpao.info/ ...

That hashrate is for one of the datacenters but not all if I remember correct.

It doesn't account for franchise miners but every coinbase transaction that has deposited to the ASICMiner mining address has shown up on there.  Although, I guess it is possible to report blocks from other centers but not the hashrate.

I don't think we have had any real confirmation that that site is really from ASICMiner at all.  It appears legit, but I can't remember friedcat confirming it.