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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3901408 times)
bitfair
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March 14, 2014, 06:11:36 PM
 #17821

On AM value assuming $0.8 per ghs profit; at 200 PH production = 0.6 Btc per share. Anything more, we will be in Btc heaven.

If we're extrapolating: 1600 PH/s production at a profit of $0.80 per GH/s gives approximately XBT 4.8 per share. Not bad, huh?
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March 14, 2014, 08:00:06 PM
 #17822

On AM value assuming $0.8 per ghs profit; at 200 PH production = 0.6 Btc per share. Anything more, we will be in Btc heaven.

If we're extrapolating: 1600 PH/s production at a profit of $0.80 per GH/s gives approximately XBT 4.8 per share. Not bad, huh?

If we're really looking at $0.8 profit per GH/s, we have to consider that this is only the price for the first month(s). The price for following batches will be lower, since mining will become less profitable. So only the first, say, 50 PH/s will make $0.8 per GH/s, afterwards we have to settle for less. That being said, it's not completely unreasonable to expect another 0.6 BTC per share coming from gen 3. Which would (still) be perfectly fine in my books...

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March 15, 2014, 01:08:16 AM
 #17823

Why would AM settle for less? As long as miners are profitable they must keep buying the most power efficient chips on the market. I think AM can sustain $0.8 profit per ghs for much longer than one month. The miners' margins and pcb manufacturer margins will need to be eroded first before AM needs to worry.
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March 15, 2014, 02:24:03 AM
 #17824

Why would AM settle for less? As long as miners are profitable they must keep buying the most power efficient chips on the market. I think AM can sustain $0.8 profit per ghs for much longer than one month. The miners' margins and pcb manufacturer margins will need to be eroded first before AM needs to worry.

Well yeah, but fc has stated that pricing will vary according to quantity and time of delivery (price will drop). Especially at the beginning, the chip amount will be limited by supply - they'll charge a higher price, but at some point supply may meet demand.
But even if we assume, there's an unlimited supply of chips, if AM ships 20 PH of chips in 1-2 months, they basically add 1/3 of the total network hashrate, effectively pushing the mining revenue down. After 1600 PH/s, a chip will make less than a 1/30 of what it would as a first-batch chip, no matter how fast AM churns out chips(!). And what about COMPETITORS?! - they'll blow up the total hashrate as well, so we're even talking a 1/60th or 1/100...
$1/GH/s all the way? I don't think so...

I should have gotten into Bitcoin back in 1992...
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March 15, 2014, 04:38:12 AM
 #17825

Why would AM settle for less? As long as miners are profitable they must keep buying the most power efficient chips on the market. I think AM can sustain $0.8 profit per ghs for much longer than one month. The miners' margins and pcb manufacturer margins will need to be eroded first before AM needs to worry.

Well yeah, but fc has stated that pricing will vary according to quantity and time of delivery (price will drop). Especially at the beginning, the chip amount will be limited by supply - they'll charge a higher price, but at some point supply may meet demand.
But even if we assume, there's an unlimited supply of chips, if AM ships 20 PH of chips in 1-2 months, they basically add 1/3 of the total network hashrate, effectively pushing the mining revenue down. After 1600 PH/s, a chip will make less than a 1/30 of what it would as a first-batch chip, no matter how fast AM churns out chips(!). And what about COMPETITORS?! - they'll blow up the total hashrate as well, so we're even talking a 1/60th or 1/100...
$1/GH/s all the way? I don't think so...
Not all of the way but much more than a month. Even if AM doubles current hash rate, I think miners' will still be profitable, especially the ones that bought AM chips. The AM miners will push out the less efficient chips from the market. The less efficient chip manufacturers will then have to drop their chip prices. This period should take a bit of time to play out, and AM should be able to keep generating supernormal profits as long as their chips have lower TCO during this period of maybe a few months.
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March 15, 2014, 04:47:42 AM
 #17826

The ASICMINER winter has been a long one... really looking forward to spring...
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March 15, 2014, 06:59:29 AM
 #17827

The ASICMINER winter has been a long one... really looking forward to spring...

March 20 2014 is the official start of spring hopefully we do wake up from the long winter

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March 15, 2014, 07:13:51 AM
 #17828

The ASICMINER winter has been a long one... really looking forward to spring...

March 20 2014 is the official start of spring hopefully we do wake up from the long winter

That's a Thursday. Let's bump that to the 18th, shall we?  Wink

He-he I agree with you on that one 18th is the best day for an awakening since we would all know what happens next  Grin

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March 15, 2014, 07:52:12 AM
 #17829

The ASICMINER winter has been a long one... really looking forward to spring...
March 20 2014 is the official start of spring hopefully we do wake up from the long winter

So we have another date here. March 20th. May I ask from where you got this date? Thanks

That dust accumulating in mining address is maybe from some pool mining, assuming that AM joined some pool. It seems to me very small amount of BTC to be a BTC from chips sales, or pre-orders. And very periodical for franchiser.

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March 15, 2014, 08:15:04 AM
 #17830

The ASICMINER winter has been a long one... really looking forward to spring...
March 20 2014 is the official start of spring hopefully we do wake up from the long winter

So we have another date here. March 20th. May I ask from where you got this date? Thanks


I was referring to the Spring Equinox in the Northern Hemisphere
http://www.cute-calendar.com/event/first-day-of-spring/6383-northern-hemisphere.html

No special meaning behind the date other than I am also looking forward to the spring and the end of the ASICMINER winter and symbolically hope that the hash will arrive with the change of season


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March 15, 2014, 08:47:21 AM
 #17831

The ASICMINER winter has been a long one... really looking forward to spring...
March 20 2014 is the official start of spring hopefully we do wake up from the long winter
So we have another date here. March 20th. May I ask from where you got this date? Thanks
I was referring to the Spring Equinox in the Northern Hemisphere
http://www.cute-calendar.com/event/first-day-of-spring/6383-northern-hemisphere.html

No special meaning behind the date other than I am also looking forward to the spring and the end of the ASICMINER winter and symbolically hope that the hash will arrive with the change of season

Ah I see ... nope. Chips samples will be available in the mid April ... maybe, we "hope and believe™". Self-mining with them? Unknown.

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March 15, 2014, 06:27:37 PM
 #17832

On AM value assuming $0.8 per ghs profit; at 200 PH production = 0.6 Btc per share. Anything more, we will be in Btc heaven.

If we're extrapolating: 1600 PH/s production at a profit of $0.80 per GH/s gives approximately XBT 4.8 per share. Not bad, huh?

If we're really looking at $0.8 profit per GH/s, we have to consider that this is only the price for the first month(s). The price for following batches will be lower, since mining will become less profitable. So only the first, say, 50 PH/s will make $0.8 per GH/s, afterwards we have to settle for less. That being said, it's not completely unreasonable to expect another 0.6 BTC per share coming from gen 3. Which would (still) be perfectly fine in my books...

This is a good write-up.  FC said that price would drop after the 1st order.
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March 15, 2014, 09:10:27 PM
 #17833

first block of the week  Tongue
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March 15, 2014, 09:36:16 PM
 #17834

first block of the week  Tongue

Great!. This week we'll upgrade from bread line to gruel.
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March 15, 2014, 10:31:25 PM
 #17835

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March 15, 2014, 10:35:17 PM
 #17836

first block of the week  Tongue

Great!. This week we'll upgrade from bread line to gruel.

YAY Gruel!  er,  "Please Mr.Grilledcat Sir... May I have some more?"

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March 15, 2014, 10:46:41 PM
 #17837

first block of the week  Tongue

Great!. This week we'll upgrade from bread line to gruel.

YAY Gruel!  er,  "Please Mr.Grilledcat Sir... May I have some more?"




 Grin

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March 16, 2014, 12:36:06 AM
 #17838

I've started a list with the world's largest mining clusters, AM is on it 3 times so far, and KNC kicking our ass with their 10MW in Sweden.

If anyone knows the total MW capacity of the original China facility, the second one (the first data center), or any satellite clusters that are publicly know, please PM or update the thread (do not reply here):

https://bitcointalk.org/index.php?topic=516114
Fabrizio89
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March 16, 2014, 08:06:19 AM
 #17839

Once again, no serious competition for AM? http://www.reddit.com/r/Bitcoin/comments/20ivoe/questioning_cointerra_cloudhashingcom_have_they/
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March 16, 2014, 08:49:52 AM
 #17840


Wow, great pick. Fucking scamland isn't it? Roll Eyes but on the other hand, we don't know what is happening inside China's mining scene past year ... so no much better here Roll Eyes non-transparent behavior, we were waiting months for gen2, then nothing, maintaining 10% promise? dick in hand ... now we're waiting for gen3 with "hope and believe™". Friedcat has last chance to safe honor of btc mining scene and securities.

... Question Everything, Believe Nothing ...
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