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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3901588 times)
libitum
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February 10, 2014, 01:12:28 AM
 #17041

Standard ASIC miners in the market (28nm) consume an average of no less than 1000 Watts per Terahash. (it is in reality a lot worse, about 1.3kW/TH).

1 Kilo Watt    --> 1 TeraHash
1 Mega Watt  --> 1 PetaHash
1000 MegaWatts --> 1000 PetaHash

Where is ASICMINER building the nuclear power plant they need to power their miners? The biggest nuclear power in the world generates 6200 MegaWatts, and employs 4000 people. Then ASICMINER needs, not the biggest, but an average sized nuclear plant.

They also need to start buying some land, to start building supermegadatacenters, thousands of times bigger than Google ones. But maybe they have that problem figured out already, as they said, they will outsource those minor issues to local chinese shops.

Or is it that ASICMINER will only build the waffers? (with only <10 PH per year becoming working bitcoin miners).

And they are not even talking about bleeding edge technology. They will build waffers with 40nm chips.
2013 was the 28nm ASIC miners, and this 2014, the 20nm ASICs will start mass delivery.
There is a reason for building ASICs with newer generation chips. Electricity consumption is tightly related to it.
Ask Cointerra, which promised that their new 28nm ASICs were going to be 2x more efficient than KNCs 28nm ASICs because of some magic technology they had. Once Cointerra chips became a reality (TerraMiner IV), their 28nm ASICs were exactly as efficient as KNC ones. How efficient will be ASICMINER chips? At 40nm? They will consume about 50% more electricity than 28nm ASICs, and double what 20nm ASICs (2014 miners) will consume, regardless of any storytelling they might tell now about some magic technologies that will make their ASICs more efficient (exactly as Cointerra did).

Libitum

Reviews of Bitcoin Miners. $500 Rebate KNC Neptune Miner (http://www.libtium.com/?page_id=88/)
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February 10, 2014, 01:31:10 AM
 #17042

Standard ASIC miners in the market (28nm) consume an average of no less than 1000 Watts per Terahash. (it is in reality a lot worse, about 1.3kW/TH).

1 Kilo Watt    --> 1 TeraHash
1 Mega Watt  --> 1 PetaHash
1000 MegaWatts --> 1000 PetaHash

Where is ASICMINER building the nuclear power plant they need to power their miners? The biggest nuclear power in the world generates 6200 MegaWatts, and employs 4000 people. Then ASICMINER needs, not the biggest, but an average sized nuclear plant.

They also need to start buying some land, to start building supermegadatacenters, thousands of times bigger than Google ones. But maybe they have that problem figured out already, as they said, they will outsource those minor issues to local chinese shops.

Or is it that ASICMINER will only build the waffers? (with only <10 PH per year becoming working bitcoin miners).

And they are not even talking about bleeding edge technology. They will build waffers with 40nm chips.
2013 was the 28nm ASIC miners, and this 2014, the 20nm ASICs will start mass delivery.
There is a reason for building ASICs with newer generation chips. Electricity consumption is tightly related to it.
Ask Cointerra, which promised that their new 28nm ASICs were going to be 2x more efficient than KNCs 28nm ASICs because of some magic technology they had. Once Cointerra chips became a reality (TerraMiner IV), their 28nm ASICs were exactly as efficient as KNC ones. How efficient will be ASICMINER chips? At 40nm? They will consume about 50% more electricity than 28nm ASICs, and double what 20nm ASICs (2014 miners) will consume, regardless of any storytelling they might tell now about some magic technologies that will make their ASICs more efficient (exactly as Cointerra did).

Libitum

You are so off I don't know where to start. Let's just say that AM's 40 nm chips are spec'd to be more efficient than any shipping or announced chips. Next as it has been discussed on here and several other threads, AM is focusing on selling chips not on mining.
antirack
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February 10, 2014, 05:18:44 AM
 #17043

Where is ASICMINER building the nuclear power plant they need to power their miners? The biggest nuclear power in the world generates 6200 MegaWatts, and employs 4000 people. Then ASICMINER needs, not the biggest, but an average sized nuclear plant.

They also need to start buying some land, to start building supermegadatacenters, thousands of times bigger than Google ones. But maybe they have that problem figured out already, as they said, they will outsource those minor issues to local chinese shops.

That's where immersion cooling comes in. They are going to "cool" them chips without using and paying any significant extra electricity, and sell the heat generated back to local power plants and actually have income on hot water (to heat buildings) and generate electricity (from the hot water). Essentially, ASICMiner containers ARE the power plants (and heaters) of the future ;-)

Sorry, couldn't resist.
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February 10, 2014, 09:06:09 AM
 #17044

I have KNC :| How I sell 25 asicminer share ?
I bought user on this forum. i sell same on forum ?


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February 10, 2014, 09:11:38 AM
 #17045

I have KNC :| How I sell 25 asicminer share ?
I bought user on this forum. i sell same on forum ?
You can put your direct shares on auction, over there in Auctions board, or transfer direct shares to Havelock AM1 shares, and sell there. Instructions for transfering shares are on Havelock site.
https://www.havelockinvestments.com/fund.php?symbol=AM1
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February 10, 2014, 09:25:58 AM
 #17046

thanks!
if sell share in forum do i inform friedcat he verify? same process months ago ?

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February 11, 2014, 02:14:22 AM
 #17047

thanks!
if sell share in forum do i inform friedcat he verify? same process months ago ?

The process has not changed.
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February 11, 2014, 03:34:18 PM
 #17048

Incredible...
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February 11, 2014, 04:58:35 PM
 #17049

This may get lost in here so please feel free to PM me.

I am in a situation I would like a trusted member with ASICMINER shares to help me out with. I need to buy 5 shares at the market rate.. not sure what that is or if I have enough for it, but here is the story behind the NEED.

Essentially I was running a pass through on 5 shares of ASICMINER for the DVC devcoin community here https://cryptostocks.com/securities/39

The person I was running the pass through held the 5 shares and did the payouts... now they have gone all quiet and left the share holders all in the dark and no dividends or anything.

I am looking to source 5 ASICMINER shares direct so that I can take over the listing and reimburse the investors from my own pocket. 

Would you be interested in selling me 5 shares?? How much do they go for these days??

Feel free to PM me if you would rather keep this not public but I wanted to show openness in my attempts to resolve the pass through I was a part of helping run

Fuzzybear

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February 11, 2014, 05:06:57 PM
 #17050

This may get lost in here so please feel free to PM me.

I am in a situation I would like a trusted member with ASICMINER shares to help me out with. I need to buy 5 shares at the market rate.. not sure what that is or if I have enough for it, but here is the story behind the NEED.

Essentially I was running a pass through on 5 shares of ASICMINER for the DVC devcoin community here https://cryptostocks.com/securities/39

The person I was running the pass through held the 5 shares and did the payouts... now they have gone all quiet and left the share holders all in the dark and no dividends or anything.

I am looking to source 5 ASICMINER shares direct so that I can take over the listing and reimburse the investors from my own pocket. 

Would you be interested in selling me 5 shares?? How much do they go for these days??

Feel free to PM me if you would rather keep this not public but I wanted to show openness in my attempts to resolve the pass through I was a part of helping run

Fuzzybear

Alternatively, you could buy them here:  https://www.havelockinvestments.com/fund.php?symbol=AM1  and have them transferred to direct shares.

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Jere.Jones
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February 11, 2014, 11:40:45 PM
 #17051

I'm expecting shenanigans with tomorrow's dividend payments due to the new "malleability bots".  Since the dividend payments are normally sent using a chain of unconfirmed transactions, any transaction that has a mutated version confirmed will invalidate all the transactions further down the chain.

He (or anyone else) could not completely protect against this other than sending one group, then wait for confirms, then send the next group, etc, but maybe it is possible to improve the odds? What if the final transaction in the chain had a higher than usual fee?  Wouldn't that encourage a rational miner to mine the whole chain instead of piecemeal?

Otherwise, he (or anyone else) would have to watch the confirms and, if it gets off track, reissue all the dependent transactions.  That sounds like a pain in the butt to me.  Of course, I have no idea what his internal system is for generating and broadcasting the payments.  It is possible that he has already considered the mischievousness of others.

Any thoughts?
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February 12, 2014, 01:19:13 AM
 #17052

The person I was running the pass through held the 5 shares and did the payouts... now they have gone all quiet and left the share holders all in the dark and no dividends or anything.

Am I the only one that is curious as to who this person it?
empoweoqwj
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February 12, 2014, 01:39:26 AM
 #17053

I'm expecting shenanigans with tomorrow's dividend payments due to the new "malleability bots".  Since the dividend payments are normally sent using a chain of unconfirmed transactions, any transaction that has a mutated version confirmed will invalidate all the transactions further down the chain.

He (or anyone else) could not completely protect against this other than sending one group, then wait for confirms, then send the next group, etc, but maybe it is possible to improve the odds? What if the final transaction in the chain had a higher than usual fee?  Wouldn't that encourage a rational miner to mine the whole chain instead of piecemeal?

Otherwise, he (or anyone else) would have to watch the confirms and, if it gets off track, reissue all the dependent transactions.  That sounds like a pain in the butt to me.  Of course, I have no idea what his internal system is for generating and broadcasting the payments.  It is possible that he has already considered the mischievousness of others.

Any thoughts?


I think dividend payments are likely to be delayed a bit, but as long as they fix the issue once and for all, another 24-48 hrs is fine by me.
mb300sd
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February 12, 2014, 02:18:52 AM
 #17054

I'm expecting shenanigans with tomorrow's dividend payments due to the new "malleability bots".  Since the dividend payments are normally sent using a chain of unconfirmed transactions, any transaction that has a mutated version confirmed will invalidate all the transactions further down the chain.

He (or anyone else) could not completely protect against this other than sending one group, then wait for confirms, then send the next group, etc, but maybe it is possible to improve the odds? What if the final transaction in the chain had a higher than usual fee?  Wouldn't that encourage a rational miner to mine the whole chain instead of piecemeal?

Otherwise, he (or anyone else) would have to watch the confirms and, if it gets off track, reissue all the dependent transactions.  That sounds like a pain in the butt to me.  Of course, I have no idea what his internal system is for generating and broadcasting the payments.  It is possible that he has already considered the mischievousness of others.

Any thoughts?


Submit the entire chain by directly connecting to the largest mining pools. The malleated transactions will be seen as double spends and not accepted into mempool.

1D7FJWRzeKa4SLmTznd3JpeNU13L1ErEco
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February 12, 2014, 02:20:41 AM
 #17055

The person I was running the pass through held the 5 shares and did the payouts... now they have gone all quiet and left the share holders all in the dark and no dividends or anything.

Am I the only one that is curious as to who this person it?

Apparently so  Grin
lophie
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February 12, 2014, 05:13:44 AM
 #17056

mmmm, what the hell was I just got sent something from asicminer.... ten satoshies?

Will take me a while to climb up again, But where is a will, there is a way...
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February 12, 2014, 05:24:53 AM
 #17057

Are you sure that was from ASICMiner? There are lots of transactions of 1 satoshi going around the net, ads for a bitcoin gaming site or something.
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February 12, 2014, 05:27:22 AM
 #17058

Are you sure that was from ASICMiner? There are lots of transactions of 1 satoshi going around the net, ads for a bitcoin gaming site or something.

yeah my bad...... new multi output tx on Wednesday... I just jumped of t conclusions prematurely

Will take me a while to climb up again, But where is a will, there is a way...
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February 12, 2014, 10:08:13 AM
 #17059

This may get lost in here so please feel free to PM me.

I am in a situation I would like a trusted member with ASICMINER shares to help me out with. I need to buy 5 shares at the market rate.. not sure what that is or if I have enough for it, but here is the story behind the NEED.

Essentially I was running a pass through on 5 shares of ASICMINER for the DVC devcoin community here https://cryptostocks.com/securities/39

The person I was running the pass through held the 5 shares and did the payouts... now they have gone all quiet and left the share holders all in the dark and no dividends or anything.

I am looking to source 5 ASICMINER shares direct so that I can take over the listing and reimburse the investors from my own pocket. 

Would you be interested in selling me 5 shares?? How much do they go for these days??

Feel free to PM me if you would rather keep this not public but I wanted to show openness in my attempts to resolve the pass through I was a part of helping run

Fuzzybear

Alternatively, you could buy them here:  https://www.havelockinvestments.com/fund.php?symbol=AM1  and have them transferred to direct shares.

Thank you yes I am looking into Havelock... burnside also send me there.... I ideally did not want to have to use a website but i understand I may be able to transfer ownership or something.. All this is a little new to me so I need to look into the actual shares more and what I can do.

The person I was running the pass through held the 5 shares and did the payouts... now they have gone all quiet and left the share holders all in the dark and no dividends or anything.

Am I the only one that is curious as to who this person it?
Thread details here https://bitcointalk.org/index.php?topic=196217.0 I am reluctant to name and shame the person directly as I was aware of computer issues and medical issues that could give the user a genuine reason to be absent for this length of time... but if you are really interested then details can be found.

Thanks again for the advice.

Fuzzybear

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February 12, 2014, 12:27:15 PM
 #17060

yeah, what's up with these 1Enjoy 1Sochi thing ?
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