ASICMINER: Entering the Future of ASIC Mining by Inventing It

[minerpumpkin]

So guys ... sorry I must ask here, because we still don't have "support forum" nor any site ... how are you transferring shares right now? I created new cold storage wallet and initiated share transfer more than 2 weeks ago ... i sent signed message to fnnirvana@gmail.com ... and still nothing. I was thinking that Friedcat is managing share transfers once per week, but its not true anymore? Seems like abandoned wasteland there. No messages, no updates, no actions, no responses, from him or board ... is the captain still on ship?

Actually had a dream last night where AM shareholders were holding a video conference with FC and communication was happening. I don't normally dream about financial stuff, much more of a perv than that my sub-conscious is sending me signals .......

How did he look like?

[empoweoqwj]

over on reddit they're saying that friedcat got arrested by the Chinese police last week and is trying to post bail and that gen 3 isn't happening. Is this true?

And still friedcat logged in this forum yesterday.   

Please don't even quote the trolls. They need strangling at birth

I'm not sure what's worse, the trolls or the primedice shills.

Sorry you don't like my sig dude but last time I checked, as an ASICMINER shareholder I have a right to post my opinions on this thread.

[aahzmundus]

Sorry you don't like my sig dude but last time I checked, as an ASICMINER shareholder I have a right to post my opinions on this thread.

I do believe posting here is a privilege... (Now to see how people feel about JD)

I am really tempted to sell my shares and buy back in a month and a half in an attempt to double my holdings.  The thing that is convincing me not to is how strong most of the hands that hold AM are.  Very few shares relative to the total number ever really change hands lately, gone are the days of several hundred share auctions.

[101111]

over on reddit they're saying that friedcat got arrested by the Chinese police last week and is trying to post bail and that gen 3 isn't happening. Is this true?

And still friedcat logged in this forum yesterday.   

Please don't even quote the trolls. They need strangling at birth

I'm not sure what's worse, the trolls or the primedice shills.

Sorry you don't like my sig dude but last time I checked, as an ASICMINER shareholder I have a right to post my opinions on this thread.

I don't care one way or the other about the sig, it's the frequency, you've become very chatty since you started getting paid to post, but wtf, spam away, 

[Lohoris]

I am really tempted to sell my shares and buy back in a month and a half in an attempt to double my holdings

I'm not following.

Either gen3 is successful or it isn't.
If it isn't, value will drop massively and might kill the company: buying them back will get you likely worthless shares.
If it is, value will go up: selling now and buying them back later might halve, rather than double, your holdings.

[ujka]

Maybe the reasoning goes like this:
sell shares now
in a month divs will be almost nil, and gen3 hardware still not there
share price dropping all that time
buy in more shares

Just the timming must be right.

[hdbuck]

Maybe the reasoning goes like this:
sell shares now
in a month divs will be almost nil, and gen3 hardware still not there
share price dropping all that time
buy in more shares

Just the timming must be right.

yup thats exactly what i was thinking lately. but i fear high speculation over these shares. it recently went back from 0,25BTC to 0,75BTC with no news and everlasting divs drop. some scheduled annoucement was enough to make such surge so i am quite afraid of what may happen once FC comes by to say hi.

[dmcdad]

The shareholders in AM right now aren't in it for short term dividends. They are waiting on gen3. Dividends can go to 0 for a few months and that won't change their perceived value of AM.

As I have said before, bottom fishing this one is tricky. If there is no news from FC for the next month or two then folks will start to panic (as BitHub and friends crank up the FUD) and the price will drift downward. But if FC posts some positive updates between now and chip rollout then the price will continue to be between 0.5 and 1.0 until gen3 is released (then it will go 1.0+). The bottom might very well have already occurred weeks ago around 0.3.

[bitcoin.newsfeed]

The shareholders in AM right now aren't in it for short term dividends. They are waiting on gen3. Dividends can go to 0 for a few months and that won't change their perceived value of AM.

+1, no point to sell now, before gen3 ... after all of this ... 80% loss is the same as 100% loss at least for me ... but potential future gains are massive.

[finlof]

So guys ... sorry I must ask here, because we still don't have "support forum" nor any site ... how are you transferring shares right now? I created new cold storage wallet and initiated share transfer more than 2 weeks ago ... i sent signed message to fnnirvana@gmail.com ... and still nothing. I was thinking that Friedcat is managing share transfers once per week, but its not true anymore? Seems like abandoned wasteland there. No messages, no updates, no actions, no responses, from him or board ... is the captain still on ship?

yeah i did a 7+3 share transfer to 2 different addresses by using PM here (included signed messages for the 2 addresses I was transferring from).  took 1 1/2 weeks.  he PM'd me back before last week's dividend saying it was completed.

[blunthammer]

New to the thread. I am a data center guy. I know containers and sold one to NASA in 2009. I know data centers and the companies who own and run them. I have started two of them, one funded the other not.

I wanted to interject something as it relates to the overall solution - finding a place that can and will take a container, back it with an SLA you can get at another 'traditional' facility, and deploy it is VERY tricky. I know this because I spent most of 2013 building the business plan, team, four sites, and facilities to build a container data center. I ran out of money before we got live, but here is what I can share based on that year long experience:

The dividing line between a high density facility and 'you're full of sh*t when you say you're that dense' is 30Kw/cabinet. I spent $10,000 to have a third party who does a lot of market research for Dell validate this with 26 'high density' providers in 4 states where I wanted to put these facilities.

Liquid cooling is absolutely an option in the short term, but the back of house operations, maintenance and servicing the tanks increased the points of failure (risk). Techs don't like dressing up in aprons, gloves, and getting greasy and walking on slippery soles either.

The solution we designed cost $6M/MW (building, mech/elec, container, TI's all in) and cool 34KW/rack and 600Kw of actual critical load (750Kw capacity) on a site with a 1.3 PUE. Cooling towers + containers, traditional UPS. Concurrently maintainable.

The customer base were movie studios, geospatial, and HPC customers. About 2% of the overall data center market. I had not looked at bitcoin miners yet.

I love that there are companies building out integrated stacks (hardware, software, containers), the challenges will be delivering the reliability we have come to expect from a Tier III/concurrently maintainable facility:

Carrier density to mirror other transactional standards (<100ms)
Security - physical
Compliance - customers buy risk, compliance (right or wrong) provides standards
Reliable efficient power acquisition and distribution within the site
Managed buildings/sites who understand containers (offloading, landing, testing, commissioning)
Lease terms flexible enough to handle increasing or varying densities, dedicated infrastructure adds, moves, etc. to align with hardware cycles
Geographic diversity with a vendor who understands the above

You may think 'all of this non technical stuff doesn't matter' but  has for 30 years in the data center industry and while there may be a higher risk tolerance at the outset, that will evaporate with the first financial or technical hiccup or crater that happens. Don't fight the mindset, exploit it.

The end game is a well designed and optimized facility or facilities that can handle the flexibility and changes that are inherent with the guts of a miner - the hardware and the things that happen on it.

mark at blunthammer is the best way to get me if you want to do a deep dive on any of this.

[sngwinner]

"I love that there are companies building out integrated stacks (hardware, software, containers), the challenges will be delivering the reliability we have come to expect from a Tier III/concurrently maintainable facility:"

I'm an AM bull, but the operations has been pretty reliable as is with the "data center" being what looks like nothing more than a few shelves in a broom closet.

I don't know what a tier III facility is but it sounds costly and is it absolutely necessary?

[blunthammer]

How expensive is the hardware?
How expensive is it to burn the building the closet is in down because there is no way to mitigate heat that is generated from the hardware?


Slow hardware=less heat

Powerful hardware=more heat

Computers turn electricity into heat no matter what. If the hardware needs to crunch numbers and algos faster they will run hotter. CME, NYSE, and the racks that house the rendering software for motion pictures all run 25kw+ because they get data crunched faster. The challenge every one of them has is heat rejection.

So if I have $3M in hardware in a rack running 30Kw means it's costing $100,000 per Kw of processing. You'll pay $10k a month to put that rack in a secure building where you have a contract that says you'll have less than 5 minutes of downtime per year. So if it costs you $100,000 a KW one time, and $120k a year to house and cool that hardware, you need to clear $240k to break even.

How much can you mine a year?

[webbrowser]

?  If hosting costs USD 10k/mth, at current exchange rates, that is 12.5 BTC and can be recouped using half of the current block reward.

[burger]

....
Slow hardware=less heat

Powerful hardware=more heat

....

I would say that my old gfx card (about 700 Mhash) that is a slow hardware generates more heat than a 5Ghash BFL ASIC. So

Slow hardware = more heat

Efficient hardware = less heat

[ineededausername]

friedcat did tell me on the 14th that tapeout was still on track for the 20th, so I'm pretty confident in a tapeout at least this week.

[empoweoqwj]

friedcat did tell me on the 14th that tapeout was still on track for the 20th, so I'm pretty confident in a tapeout at least this week.

Where did he tell you that?

[AMuppInTime]

friedcat did tell me on the 14th that tapeout was still on track for the 20th, so I'm pretty confident in a tapeout at least this week.

Where did he tell you that?

Just like there are exchanges necessary to move shares around, some questions are likely to find their way in said exchanges - I would bet that "are we still on track for a Jan 20 tapeout?" is one such question.

[minerpumpkin]

friedcat did tell me on the 14th that tapeout was still on track for the 20th, so I'm pretty confident in a tapeout at least this week.

Where did he tell you that?

Just like there are exchanges necessary to move shares around, some questions are likely to find their way in said exchanges - I would bet that "are we still on track for a Jan 20 tapeout?" is one such question.

Possibly. When I read 'friedcat did tell me...' I just thought 'haha, troll elsewhere' But then I realised this wasn't a newly registered kid.

So... really?  *hopesUp*

[Dargumin]

Everyone too busy dumping shares to post here? Share price is tanking hard