ASICMINER: Entering the Future of ASIC Mining by Inventing It

[empoweoqwj]

I would like to know more about the immersion cooling and what part of this technology "we" own.  I can imagine that there will be big players THIS year who will want bitcoins, but till we work out fungibility, most businesses are going to want "clean" coins, and what better way to do this then mine them yourself.  The shipping container liquid cooling system WILL be popular with large institutions with lots of money.  And hell, if in the future some other coin takes over, this cooling system will STILL be useful.

Does AM have any of the IP on this system?  Would AM supply the mining and AC supply the cooling and rack system and then they sell it together?  How does that work?

These shipping container units are going to be where our REAL profits come from, and I want to know more about them!

+1

+1 - great question. We've all seen the glossy photos, but know nothing of what value, if any, this technology adds to AM

[ZephramC]

• What is the order of magnitude of 3rd generation chips ASICMiner anticipates to sell (total / first batch / first 3 months)?
• In the new chips announcement, friedcat stated that the chip prices will be based in USD. A rising BTC price would thus mean lower dividends - since less BTC to pay the dividends can be bought from the incoming payments. What happens when the BTC price - for example - doubles, will the price of the chips be adjusted accordingly?
• A continuation of mining would be an excellent hedge against a rising price of BTC if done by a company with access to chips at almost zero cost - like ASICMiner. How probable is a continuation of mining done directly by ASICMiner (or franchisees) and how will this be decided?
• What is the currently anticipated long-term strategy for ASICMiner after the 3rd generation?
• What is the status and capacity of the immersion-cooling data center, and will it house some of the 3rd generation hardware used for mining?

Excellent, I'd just add one, if I may:

• How many shares did you buy back after you willingly let them drop to <0.5?

I believe this is called "leading question" or "question with supposition". 
... Have you stopped beating your younger brother already? (Answer Yes or No)

[hdbuck]

• What is the order of magnitude of 3rd generation chips ASICMiner anticipates to sell (total / first batch / first 3 months)?
• In the new chips announcement, friedcat stated that the chip prices will be based in USD. A rising BTC price would thus mean lower dividends - since less BTC to pay the dividends can be bought from the incoming payments. What happens when the BTC price - for example - doubles, will the price of the chips be adjusted accordingly?
• A continuation of mining would be an excellent hedge against a rising price of BTC if done by a company with access to chips at almost zero cost - like ASICMiner. How probable is a continuation of mining done directly by ASICMiner (or franchisees) and how will this be decided?
• What is the currently anticipated long-term strategy for ASICMiner after the 3rd generation?
• What is the status and capacity of the immersion-cooling data center, and will it house some of the 3rd generation hardware used for mining?

Excellent, I'd just add one, if I may:

• How many shares did you buy back after you willingly let them drop to <0.5?

I believe this is called "leading question" or "question with supposition".  
... Have you stopped beating your younger brother already? (Answer Yes or No)

its TaT who runs the stocks on Havelock. Better ask him about that. but i'd guess he pretty much enjoyed interfering with the price. why wouldnt he anyway? thats where the fun is when u already are FULL on shares. ^^

[Chris_Sabian]

AM seems to have used their vast cash reserves to become the first user of this new, highly efficient immersion cooling system. Combined with AM's new Gen3 chips, they'll have an extremely efficient bitcoin mining operation from the chips all the way to large scale cooling.

yes thx i get that, but is THIS immersion cooled data center (which seems to be located in hong kong) actually one of AM with Gen1 chips running in?

IIRC from what I read in this thread, this is for the upcoming chips only. Strange that in the video it looks like there are boards running. I could be wrong.

thats exaclty my concern, i cant find any confirmation on what exactly is running in these containers and who owns them (there is also lots of pictures of that same container yet no one said to whom their belong nor what was inside)

It is an AM facility / prototype: https://bitcointalk.org/index.php?topic=346134.0

[blo8i]

i just hope we see some better divs in the near future.

[aahzmundus]

I have said this before, but It may be worth saying again.  Friedcat has said before he does not like saving funds to pay out over time, if he has money... he pays it out in divs besides what he keeps for development.  With most of future profits being from chip sales, and the people who will order the bulk of the chips will be ordering in large batches, I imagine the div is going to be hard and fast, and then back to next to nothing.

[ThickAsThieves]

Just to lighten the mood: https://bitcointalk.org/index.php?topic=443108.0

[empoweoqwj]

Just to lighten the mood: https://bitcointalk.org/index.php?topic=443108.0

That's brilliant. An altcoin called ... Altcoin. Surprised nobody went for that name before

[freedomno1]

Just to lighten the mood: https://bitcointalk.org/index.php?topic=443108.0

That's brilliant. An altcoin called ... Altcoin. Surprised nobody went for that name before

The slogan never mine another altcoin again was pretty good Ha-ha
Need a good sense of humor now and then

[kibblesnbits]

Just to lighten the mood: https://bitcointalk.org/index.php?topic=443108.0

That's brilliant. An altcoin called ... Altcoin. Surprised nobody went for that name before

I'm surprised no one created a Carol Alt-coin

[muyuu]

Just to lighten the mood: https://bitcointalk.org/index.php?topic=443108.0

That's brilliant. An altcoin called ... Altcoin. Surprised nobody went for that name before

I'm surprised no one created a Carol Alt-coin

That's Kim Alexis.

[eastpk]

Can any board members confirm if there was a meeting recently?

[Zubilica]

Can any board members confirm if there was a meeting recently?

Yeah sure, if you will see a major dump or auction = bad news.
If you will see major buy-off = good news.


This is the way you can predict what FC will say next.

[Lloydie]

Can any board members confirm if there was a meeting recently?

Yeah sure, if you will see a major dump or auction = bad news.
If you will see major buy-off = good news.


This is the way you can predict what FC will say next.

Same as the NYSE. But I don't see anyone else refunding 200 btcs when they didn't have to.

[Bitye West]

Has anyone checked out this decentralized exchange protocol built on the Bitcoin blockchain yet?

Here's the Counterparty block explorer with a list of the assets created so far:
http://blockscan.com/asset.aspx

The Counterparty protocol supports dividend payments too.

It would be awesome to see a company like Asicminer float an asset on Counterparty's decentralized exchange.  Might solve problems with centralized exchanges like btct.co or bitfunder.com.

[empoweoqwj]

Has anyone checked out this decentralized exchange protocol built on the Bitcoin blockchain yet?

Here's the Counterparty block explorer with a list of the assets created so far:
http://blockscan.com/asset.aspx

The Counterparty protocol supports dividend payments too.

It would be awesome to see a company like Asicminer float an asset on Counterparty's decentralized exchange.  Might solve problems with centralized exchanges like btct.co or bitfunder.com.

Depends who's running it, how it works, how much control the asset issuer has, what happens if it disappears one day etc. Do you have any personal experience with it?

[BitThink]

Has anyone checked out this decentralized exchange protocol built on the Bitcoin blockchain yet?

Here's the Counterparty block explorer with a list of the assets created so far:
http://blockscan.com/asset.aspx

The Counterparty protocol supports dividend payments too.

It would be awesome to see a company like Asicminer float an asset on Counterparty's decentralized exchange.  Might solve problems with centralized exchanges like btct.co or bitfunder.com.

Depends who's running it, how it works, how much control the asset issuer has, what happens if it disappears one day etc. Do you have any personal experience with it?

It's decentralized, so no one is running it. Issuer can create any asset and pay dividends through it. All the information is written in the BTC blockchain, so nothing will disappear unless BTC disappears.

[Bitye West]

Has anyone checked out this decentralized exchange protocol built on the Bitcoin blockchain yet?

Here's the Counterparty block explorer with a list of the assets created so far:
http://blockscan.com/asset.aspx

The Counterparty protocol supports dividend payments too.

It would be awesome to see a company like Asicminer float an asset on Counterparty's decentralized exchange.  Might solve problems with centralized exchanges like btct.co or bitfunder.com.

Depends who's running it, how it works, how much control the asset issuer has, what happens if it disappears one day etc. Do you have any personal experience with it?

The exchange itself is a decentralized protocol built on the Bitcoin blockchain, so nobody has to run it.  

I don't think Counterparty can disappear as long as the Bitcoin Blockchain doesn't disappear.

I'm synching up my bitcoin-qt blockchain right now, installing the Counterparty client and testing its features.

There have already been a few decentralized, trustless trades of BTC and XCP completed:
http://blockscan.com/order.aspx?p=0

You still have to trust the asset issuer, just not the exchange itself.  

It would be awesome if Asicminer transfered over to a Counterparty.  It would solve so many headaches like dealing with direct share transfers or unreliable centralized exchanges.

EDIT: BitThink summed it up better than I did^^

[BitThink]

Has anyone checked out this decentralized exchange protocol built on the Bitcoin blockchain yet?

Here's the Counterparty block explorer with a list of the assets created so far:
http://blockscan.com/asset.aspx

The Counterparty protocol supports dividend payments too.

It would be awesome to see a company like Asicminer float an asset on Counterparty's decentralized exchange.  Might solve problems with centralized exchanges like btct.co or bitfunder.com.

Depends who's running it, how it works, how much control the asset issuer has, what happens if it disappears one day etc. Do you have any personal experience with it?

The exchange itself is a decentralized protocol built on the Bitcoin blockchain, so nobody has to run it.  

I don't think Counterparty can disappear as long as the Bitcoin Blockchain doesn't disappear.

I'm synching up my bitcoin-qt blockchain right now, installing the Counterparty client and testing its features.

There have already been a few decentralized, trustless trades of BTC and XCP completed:
http://blockscan.com/order.aspx?p=0

You still have to trust the asset issuer, just not the exchange itself.  

It would be awesome if Asicminer transfer over to a Counterparty.  It would solve so many headaches like dealing with direct share transfers or unreliable centralized exchanges.

EDIT: BitThink summed it up better than I did^^

Thanks.

Just needs to wait until it's more mature and there's a user friendly web client, suppose to be released soon.

[empoweoqwj]

That sounds really good then. Just the sort of thing AM were considering doing but would probably not got round to in a month of Sundays

Can we add it to the question list for next round of questions?

Would AM consider using "Counterparty" decentralized exchange to run their shares on?

Some question like that anyway .....