ASICMINER: Entering the Future of ASIC Mining by Inventing It

[notme]

I see this as a false dichotomy. AM can certainly tell no one anything and still produce gen3 chips, deploy massive Phash, and capture 20% of the global hash, and at the same time produce millions for investors in hardware sales. You cannot simply equate a lack of communication with a lack of results. That would be irrational.

You're forgetting about one thing : human greed. Have you been paying attention on Chinese mining mafia? "Discus Fish" pool for example? Sure they can produce millions ... for themselves. Why they need to produce millions for so called "investors"? They don't need our money anymore. We're redundant here. Maybe even a burden. And they're proving it every day with their non-existing PR.

edit : again ...we're waiting months for 20th January 2014 ... and its 21st now and nobody from company don't have a time to come here and write few words for us. Seems like they don't give a shit about us and yes I am pissed off.

I was thinking about this... a while ago.  What is going to keep them paying dividends?  I believe firstly since the company is so lean, having a force of people out on the internet talking up their company when their products are released has value.  I imagine Asicminer is going to want to keep selling hardware, as managing hardware is an extra cost when there is so much demand for hardware out in the community, and you can sell it for a good price.

Additionally, there are several shareholders who have enough resources and connections that if friedcat did simply stop paying dividends, yet was still mining in some way... I imagine having to "watch his back" all the time would get frustrating.  Additionally, the legal status of his operation in china is in flux, I doubt he would want to draw unwanted attention.

Tl;DR I believe friedcat benefits more from staying honest and honoring shares, then he does from keeping profits to himself, I may be wrong.

Not to mention FC and his team are majority shareholders.  The shares cost them nothing but their time and effort, which they have already been compensated for with their generous salaries.  These shares are worth 0.6 BTC each after IPOing at 0.1 each at a time that BTCUSD was MUCH lower.  Stopping dividends would crush the value of these shares.

[michaelGedi]

Tl;DR I believe friedcat benefits more from staying honest and honoring shares, then he does from keeping profits to himself, I may be wrong.

On the whole he/AM have been fairly straightforward about their operations (although we never did see the full 200TH deployed for mining around mid 2013 onwards, solo mining anyways) ...a large number of people have shared the profits of their professionalism running a successful business.

I think the bitcoin world has been so full of FUD and scams that it's only natural to have question marks around the future... especially during this "down time" for AM.

Personally I trust that friedcat and crew will continue their operations under the AM banner in some shape or form, but that said, there is nothing to prevent them from investing their time and money elsewhere... it's theirs to invest.


some speculation here:

I noticed this post in another thread a while back and it made me wonder: (he is talking about Bitmain's U1 miner)

once the software catches up to these sticks they are going to kill.  I am getting a steady 2.0 from each one.

These have to be asic miners  new block erupters.
 they are the exact same size as a block eruptor .
they have the same id as a block erupter.
  fried cat  = sushi
first sale of 4000 at 45 btc a case
second sale of 20000 at 33 btc a case
new years eve promo at 31 btc a case
made in china
 a shit load of commonalities
 these sticks rock.

6x the hash at less power and stable.

they will bury the bit fury sticks..   2 gh at .075btc vs  2.5gh at .25btc not much to think about.

Forgive me if someone has already asked this question:

Is Bitmain an offshoot of asicminer that has built upon the investment of asicminer shareholders but is not accountable to asicminer shareholders?  Bitmain's U1 miner looks like it is what should be the second or third generation of Asicminer's USB block erupter.

IF AM were to cease operations, I have faith that friedcat would wind this down in an appropriate manner with appropriate announcements, but RE the "20th" date....?? people need to stop being so immature and impatient as far as I'm concerned. Eveything in bitcoinland is still high risk, just deal with it and take a deep breath if you want to play this game...

[mc_lovin]

Tl;DR I believe friedcat benefits more from staying honest and honoring shares, then he does from keeping profits to himself, I may be wrong.

On the whole he/AM have been fairly straightforward about their operations (although we never did see the full 200TH deployed for mining around mid 2013 onwards, solo mining anyways) ...a large number of people have shared the profits of their professionalism running a successful business.

I think the bitcoin world has been so full of FUD and scams that it's only natural to have question marks around the future... especially during this "down time" for AM.

Personally I trust that friedcat and crew will continue their operations under the AM banner in some shape or form, but that said, there is nothing to prevent them from investing their time and money elsewhere... it's theirs to invest.


some speculation here:

I noticed this post in another thread a while back and it made me wonder: (he is talking about Bitmain's U1 miner)

once the software catches up to these sticks they are going to kill.  I am getting a steady 2.0 from each one.

These have to be asic miners  new block erupters.
 they are the exact same size as a block eruptor .
they have the same id as a block erupter.
  fried cat  = sushi
first sale of 4000 at 45 btc a case
second sale of 20000 at 33 btc a case
new years eve promo at 31 btc a case
made in china
 a shit load of commonalities
 these sticks rock.

6x the hash at less power and stable.

they will bury the bit fury sticks..   2 gh at .075btc vs  2.5gh at .25btc not much to think about.

Forgive me if someone has already asked this question:

Is Bitmain an offshoot of asicminer that has built upon the investment of asicminer shareholders but is not accountable to asicminer shareholders?  Bitmain's U1 miner looks like it is what should be the second or third generation of Asicminer's USB block erupter.

IF AM were to cease operations, I have faith that friedcat would wind this down in an appropriate manner with appropriate announcements, but RE the "20th" date....?? people need to stop being so immature and impatient as far as I'm concerned. Eveything in bitcoinland is still high risk, just deal with it and take a deep breath if you want to play this game...

Totally.  The 20th was just an estimate.  It could have been last week for all we know!

[cunixion]

some speculation here:

I noticed this post in another thread a while back and it made me wonder: (he is talking about Bitmain's U1 miner)

once the software catches up to these sticks they are going to kill.  I am getting a steady 2.0 from each one.

These have to be asic miners  new block erupters.
 they are the exact same size as a block eruptor .
they have the same id as a block erupter.
  fried cat  = sushi
first sale of 4000 at 45 btc a case
second sale of 20000 at 33 btc a case
new years eve promo at 31 btc a case
made in china
 a shit load of commonalities
 these sticks rock.

6x the hash at less power and stable.

they will bury the bit fury sticks..   2 gh at .075btc vs  2.5gh at .25btc not much to think about.

Forgive me if someone has already asked this question:

Is Bitmain an offshoot of asicminer that has built upon the investment of asicminer shareholders but is not accountable to asicminer shareholders?  Bitmain's U1 miner looks like it is what should be the second or third generation of Asicminer's USB block erupter.

IF AM were to cease operations, I have faith that friedcat would wind this down in an appropriate manner with appropriate announcements, but RE the "20th" date....?? people need to stop being so immature and impatient as far as I'm concerned. Eveything in bitcoinland is still high risk, just deal with it and take a deep breath if you want to play this game...

IMHO FC is working on a prototype to regain a fair size of the market, hope he announces a bitmain's killer. 

[stripykitteh]

I'm just saying that there are probably a lot of little parts to order and they may have difficulties at this time to obtain them.  I'm not saying because this one company is taking 3 weeks off that everyone will.  I'm just saying maybe, there may be delays in the next little while.  Apparently officially it's Jan31st and lasts for about a week.  I'm not Chinese, I don't live there or study their culture, just that there are companies shutting down early, some working right through, who the hell knows.  But tapeout = Jan 20th does not equal a shipping product.  The key point of my pointless post was that mid-February is the EARLIEST you can expect something.  I would say March.  

I think March is too optimistic.

Tapeout just means the design is finished.

*If* they taped-out on Jan 20, and the fab started making the mask straight away it wouldn't be finished until late February at the earliest assuming that the fab will shut down for a week at the beginning of February. Then they have to actually make the wafers, slice them, package them, bump them and test them. If all that goes as fast as practically possible, and the tests results are good enough, then they can produce the chips in volume. I think with everything going about as well as could be expected they might have chips in volume by early April, not earlier. Then they've got to put them on PCBs and do final packaging.

If they have working miners in volume by the end of April they will have excelled themselves. Anyone who hopes for significantly sooner is going to be disappointed.

Edit: Also, considering they are going for a liquid-cooled data centre in a shipping container, they will have to test that configuration out as well. I think late April to get one of those puppies cooking would be an amazing effort.

[empoweoqwj]

I'm just saying that there are probably a lot of little parts to order and they may have difficulties at this time to obtain them.  I'm not saying because this one company is taking 3 weeks off that everyone will.  I'm just saying maybe, there may be delays in the next little while.  Apparently officially it's Jan31st and lasts for about a week.  I'm not Chinese, I don't live there or study their culture, just that there are companies shutting down early, some working right through, who the hell knows.  But tapeout = Jan 20th does not equal a shipping product.  The key point of my pointless post was that mid-February is the EARLIEST you can expect something.  I would say March.  

I think March is too optimistic.

Tapeout just means the design is finished.

*If* they taped-out on Jan 20, and the fab started making the mask straight away it wouldn't be finished until late February at the earliest assuming that the fab will shut down for a week at the beginning of February. Then they have to actually make the wafers, slice them, package them, bump them and test them. If all that goes as fast as practically possible, and the tests results are good enough, then they can produce the chips in volume. I think with everything going about as well as could be expected they might have chips in volume by early April, not earlier. Then they've got to put them on PCBs and do final packaging.

If they have working miners in volume by the end of April they will have excelled themselves. Anyone who hopes for significantly sooner is going to be disappointed.

There was never any realistic chance of March. April at best.

[Rival]

I'm just saying that there are probably a lot of little parts to order and they may have difficulties at this time to obtain them.  I'm not saying because this one company is taking 3 weeks off that everyone will.  I'm just saying maybe, there may be delays in the next little while.  Apparently officially it's Jan31st and lasts for about a week.  I'm not Chinese, I don't live there or study their culture, just that there are companies shutting down early, some working right through, who the hell knows.  But tapeout = Jan 20th does not equal a shipping product.  The key point of my pointless post was that mid-February is the EARLIEST you can expect something.  I would say March.  

I think March is too optimistic.

Tapeout just means the design is finished.

*If* they taped-out on Jan 20, and the fab started making the mask straight away it wouldn't be finished until late February at the earliest assuming that the fab will shut down for a week at the beginning of February. Then they have to actually make the wafers, slice them, package them, bump them and test them. If all that goes as fast as practically possible, and the tests results are good enough, then they can produce the chips in volume. I think with everything going about as well as could be expected they might have chips in volume by early April, not earlier. Then they've got to put them on PCBs and do final packaging.

If they have working miners in volume by the end of April they will have excelled themselves. Anyone who hopes for significantly sooner is going to be disappointed.

There was never any realistic chance of March. April at best.

Unless they taped out at the end of last month and just didn't happen to mention it to anyone. All conjecture at this point.

[michaelGedi]

a thought crossed my mind, a fairly obvious one... making announcements is a double edged sword.

ok so it keeps shareholders happy and allows speculators to plan accordingly etc, but announcing every detail of a business plan is likely going to hurt a little in some shape or form when it comes to competition.

this in turn may hurt the shareholder. Another reason for everyone to continue to be patient as far as I'm concerned

[bambou]

any news on divs?

[neilol]

any news on divs?

Nothing yet - don't think there will be any surprises though..

[bambou]

any news on divs?

Nothing yet - don't think there will be any surprises though..

last week divs was a surprise

[Chris_Sabian]

any news on divs?

0.00026655

[bambou]

any news on divs?

0.00026655

ouch.. thank you

[Rival]

any news on divs?

0.00026655

ouch.. thank you

One 333Mh/s block eruptor USB could get more than that in just 3 days.

[forensick]

is this dividend some kind of joke? 

[ujka]

is this dividend some kind of joke?  

Why?
What div did you expect out of 4 mined blocks this week?

[neilol]

any news on divs?

0.00026655

Confirmed

[spartan82]

any news on divs?

0.00026655

Not the proudest to say it but.. confirmed

[sngwinner]

Would AM and shareholders be better off, if we stopped solo mining and joined a pool? I realize that it's just variance, but there comes a point where our hashing power(as it stands) will probably be unlikely to solo mine a single block in a weeks time so it might be better to have consistent dividends.

[ujka]

Would AM and shareholders be better off, if we stopped solo mining and joined a pool? I realize that it's just variance, but there comes a point where our hashing power(as it stands) will probably be unlikely to solo mine a single block in a weeks time so it might be better to have consistent dividends.

I don't know what hashrate AM has now, but mining at a pool with 50 th for the last 7 days would give us about 90 coins. For next diff of 2200M it's about 75 coins...