ASICMINER: Entering the Future of ASIC Mining by Inventing It

[eiprol]

Mining difficulty also jumped within the last day right?

The hash rate did jump, but it isn't because of Asicminer, because hash rate is calculated from blocks/s, and since the difficulty readjustment, Asicminer has not mined any blocks, therefore is not the one contributing to the hash rate calculation.

I think that what unlimited_power says is that now, with the difficulty readjustment, the boost we had could have become not enough to get a new block that soon; not that AM had contributed to that difficulty readjustment... So, if our 5 blocks found yesterday were due to an increase of hashing and not just good luck, the new difficulty could be avoiding us to get a new block yet. (I suppose we will se in a few hours)

Or maybe, it could be real hashing power that has been already taken offline, as someone points...

I just cant see how AM could've found those 5 blocks recently if they've had the same hashrate and considering a difficulty increase of about 400% during the last 90 days

That's my thought too; maybe the testing has already finished and they have taken off those new minners, but I really think that we had a considerable boost on mining for a couple of days...

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[necro_nemesis]

I'm just a newb shareholder but is the red spike on this chart of any significance?
http://www.asicminercharts.com

[dhenson]

I'm just a newb shareholder but is the red spike on this chart of any significance?
http://www.asicminercharts.com

Unless we hear otherwise, or the trend continues we really have to chalk it up to extreme variance.

[necro_nemesis]

I'm just a newb shareholder but is the red spike on this chart of any significance?
http://www.asicminercharts.com

Unless we hear otherwise, or the trend continues we really have to chalk it up to extreme variance.

So the chart is depicting blocks solved rather than hash rate as stated?

[dhenson]

So the chart is depicting blocks solved rather than hash rate as stated?

Correct.  It's really a hash rate estimation.

[necro_nemesis]

So the chart is depicting blocks solved rather than hash rate as stated?

Correct.  It's really a hash rate estimation.

Thanks. Looking at the historical rates, that's quite a variance. I was comparing percentages of the network and AM was roughly equivalent to Slush who typically find 4 or so blocks daily currently so I don't see this number as an anomaly but the previous hash rate I would expect to be higher unless of course that percentage is reflected in this spike and all comparisons are results from blocks found.

[Lloydie]

I was thinking about the blocks and hashrate stuff. Even if FC was testing, one could not reasonably expect a very large increase in hashrates from a few test machines? Just wondering out loud...

[necro_nemesis]

Agreed and from friedcats statement from the 10th of December the strategic plan was to supply more ASICs to market over construction of mining operations at that time. I believe they retained the power edge they were looking for to mine. Physics which determines the cost to run hardware is going to be the limiting factor to profit from mining in time. Now if you're catering to shareholders you're emphasis on various strategies may read slightly different than if you're attempting to sell ASICs. For the latter you really don't want to present yourself as putting a large volume of ASICs into play which compete directly with the hardware you're selling. I would have to say watching for indicators isn't necessarily a complete wasted effort in the absence of an official release of information.


How will Gen 3 be divided between mining, franchising and hardware sales?
It depends on the users of our chips. It is a safe bet that we will be moving more to pure chip distribution. But if the edge of low cost on whole devices and deploying still exists in 2014 on our side, we will do more mining/franchising/hardware sales ourselves.

Either way it's beneficial for AM to have the flexibility to work various strategies.

[hdbuck]

...

How will Gen 3 be divided between mining, franchising and hardware sales?
It depends on the users of our chips. It is a safe bet that we will be moving more to pure chip distribution. But if the edge of low cost on whole devices and deploying still exists in 2014 on our side, we will do more mining/franchising/hardware sales ourselves.

Either way it's beneficial for AM to have the flexibility to work various strategies.

they're just going to rule the whole industry. 

[necro_nemesis]

I am running under the assumption that dividends are transferred directly into my Havelock Investments account as free balance without requiring any additional action. Is this correct assumption and what happens when shares are transferred to direct shares?

[minerpumpkin]

I am running under the assumption that dividends are transferred directly into my Havelock Investments account as free balance without requiring any additional action. Is this correct assumption and what happens when shares are transferred to direct shares?

Yes. The dividends of direct shares go directly to the address that holds the respective shares.

The address just received some BTC. Not a new block, but apparently some pool or franchising. Maybe they've hooked the supposedly new hardware up to a pool and won't see the results until a payout occurs Speculating is fun.

[necro_nemesis]

Hmmm. I believe what I see in my Havelock account may the result of being the beneficiary of that but I'm doubtful as it coincides with stock purchase. What was the timestamp on the deposit?

Maybe AM is so wonderful they reward you for buying shares. 

[explorer]

Hmmm. I believe what I see in my Havelock account may the result of being the beneficiary of that but I'm doubtful as it coincides with stock purchase. What was the timestamp on the deposit?

Maybe AM is so wonderful they reward you for buying shares. 

look at the bottom of your Account Overview  page for most recent transactions. Click Transactions in the right sidebar For a full list. Each transaction has a description.

[necro_nemesis]

Thanks I figured it out. It wasn't a dividend it was my order completion with some fills below my bid. The remaining balance of what was committed to the purchase moved back to escrow and is coincidental to the final shares being filled.

[minerpumpkin]

Keep in mind that dividends are paid weekly, every wednesday.

[cs54]

Hmm 13btc inbound. Any ideas where that is coming from? I thought we were only expecting the magic 25 from block rewards

[Franktank]

Hmm 13btc inbound. Any ideas where that is coming from? I thought we were only expecting the magic 25 from block rewards

That most likely means that someone started franchising at the difficulty change a few days ago, makes sense.

[jimmothy]

Hmm 13btc inbound. Any ideas where that is coming from? I thought we were only expecting the magic 25 from block rewards

That most likely means that someone started franchising at the difficulty change a few days ago, makes sense.

My guess as well. Although this would assume they had plenty of extra gen1 chips to basically test the datacenter with before swapping it with gen3.

Since the immersion-cooled datacenter will house 1ph I think franchising could be another 2-3ph + 1-2ph for asicminers other solomining farms

[necro_nemesis]

Keep in mind that dividends are paid weekly, every wednesday.

So buy on Tuesday, sell on Thursday?  

My sense is this will be the final development in acquiring the remainder of coins due to mining cost competition. There's less and less fat so looking for the mean and lean approach.

[btcbot]

Looks like those 2 oddly priced blocks have been re-valued and there's 2 new 7k +1.3K blocks?

Interesting...