ASICMINER: Entering the Future of ASIC Mining by Inventing It

[Whtwabbit]

Ack Ack!

[1713999919]

1713999919

[1713999919]

1713999919

[1713999919]

1713999919

[Zubilica]

0.0003105930244 ? This may be it.

[bruce81]

0.00031057

[necro_nemesis]

0.0003105930244 ? This may be it.

https://blockchain.info/address/1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24i

[aahzmundus]

Predicting ~0.00021868 BTC/share.

Edit: ~0.00025965, I made a typo. XD

I understand everything now... Friedcat just wanted SmiGueL to be wrong... once.

[SmiGueL]

Predicting ~0.00021868 BTC/share.

Edit: ~0.00025965, I made a typo. XD

I understand everything now... Friedcat just wanted SmiGueL to be wrong... once.

^^
Whehe, I didn't expect yesterday's block to be confirmed before the div payments.

[Rival]

You can't just take market caps, merge them together, and divide to determine what the price of a coin is.  Rival is smarter then that, you have to look at liquidity and market depth.

Thank you.

[necro_nemesis]

Havelock shows a price more representative of panic buying than selling, so no inside info yet, or it was good news 

Anyone examine the distribution of shares to see when the insiders have traded?

[aahzmundus]

Furthermore; adding the market caps together is already a good indicator of the total current market value of crypto coins.
When there are no other coins, as suggested by Rival, then this value represents the potential market cap of bitcoin.

Market caps are a horrible way to assess the value of a crypto.  A good portion of these coins have huge premines that are not active in the economy of the coin, but the owners sit on... that drastically distorts the value of a crypto.  Just look back a few weeks ago at the charts of Auroracoin, it got to the #2 market capitalization for some time...

Not only that, but not all coins are spendable.  There are hundreds of thousands of bitcoins that will never move from the addresses in which they now reside...

Yes, there will always be competitors, but Asicminer is in no place to try and design an ASIC for every little hashing algo some guy comes up with in his basement.  Asicminer needs to continue to refine and focus their business on what is most profitable, and look to the future of the bitcoin mining industry as they have already showed they are doing.

[Chris_Sabian]

Havelock shows a price more representative of panic buying than selling, so no inside info yet, or it was good news 

Anyone examine the distribution of shares to see when the insiders have traded?

That would be an interesting analysis.

[superduh]

Furthermore; adding the market caps together is already a good indicator of the total current market value of crypto coins.
When there are no other coins, as suggested by Rival, then this value represents the potential market cap of bitcoin.

Market caps are a horrible way to assess the value of a crypto.  A good portion of these coins have huge premines that are not active in the economy of the coin, but the owners sit on... that drastically distorts the value of a crypto.  Just look back a few weeks ago at the charts of Auroracoin, it got to the #2 market capitalization for some time...

Not only that, but not all coins are spendable.  There are hundreds of thousands of bitcoins that will never move from the addresses in which they now reside...

Yes, there will always be competitors, but Asicminer is in no place to try and design an ASIC for every little hashing algo some guy comes up with in his basement.  Asicminer needs to continue to refine and focus their business on what is most profitable, and look to the future of the bitcoin mining industry as they have already showed they are doing.

as you said yourself- horrible way to value crypto currency.
when ASIC MINER started "market cap of bitcoin" was under $100 million. which is less than the value of all scrypt coins today.
value of scrypt coins is much larger than bitcoin at the time of initial development.

i really really wish that people STOP IGNORING THE ELEPHANT IN THE ROOM - scrypt is LIKELY TO STAY and CAN GENERATE money. doesn't matter if you like or don't like it. even with the small possibility that they won't stay - AM can generate huge revenue is CNY, USD, LTC?, BTC until then

[Bonam]

I still don't see why everyone is on about scrypt ASICs when the first priority is clearly to get gen3 finished and deployed, and then to be developing gen4 as quickly as possible. That's Asicminer's field of expertise, and it should stick to it while significant gains remain to be had in this field. Certainly before branching out into different kinds of ASICs, a higher priority should be getting a company website, some decent public and investor relations, etc.

[trilogy456]

I still don't see why everyone is on about scrypt ASICs when the first priority is clearly to get gen3 finished and deployed, and then to be developing gen4 as quickly as possible. That's Asicminer's field of expertise, and it should stick to it while significant gains remain to be had in this field. Certainly before branching out into different kinds of ASICs, a higher priority should be getting a company website, some decent public and investor relations, etc.

Good idea about a website. How about a few of us pitch in and bid on ASICMINER.COM (https://auctions.godaddy.com/trpItemListing.aspx?miid=120115877), or another domain?  We should create a dedicated site of our own at least in the midterm.  If FC/ASICMINER wanted to take over the domain eventually, we could let them.  Google ASICMINER or "ASIC miner" and see what you get.

We could put the chip specs on the site, along with how to contact FC for purchasing.

We could show the pictures of the immersion cooling setup.

We could link to Havelock for people interested in purchasing shares.

We could show historic hashrate charts, as well as educate about moving towards pure chip distribution. http://www.asicminercharts.com/ already has a great site for this.

General links about BTC and mining. Etc.

More info about ASICMINER's history and background. Show mining address. Show history/specs of their past mining hardware: Blades, USB, Cubes.

I'm open to any other idea.


The auction ends April 23, 2014, and currently is $60USD.

We need to create our own PR for ASICMINER.

[aahzmundus]

We need to create our own PR for ASICMINER.

Now, I struggle with this question myself... but why?

We are moving into a B2B venture, and all of the players that need to know abut us, do.  Hell... all of the first batch has already been sold.  We do not need to attract buyers, buyers come to us.  Why do we need new investors?  AM would not get any of the money to help with development, it would go to the hands of old investors leaving.

The big thing we need is people with time, summarizing events for investors who need to stay informed, but are not able to watch this thread every day.  I am trying to fill that role, but I keep getting sidetracked.

[vortex1878]

We need to create our own PR for ASICMINER.

Now, I struggle with this question myself... but why?

We are moving into a B2B venture, and all of the players that need to know abut us, do.  Hell... all of the first batch has already been sold.  We do not need to attract buyers, buyers come to us.  Why do we need new investors?  AM would not get any of the money to help with development, it would go to the hands of old investors leaving.

The big thing we need is people with time, summarizing events for investors who need to stay informed, but are not able to watch this thread every day.  I am trying to fill that role, but I keep getting sidetracked.

What is your source for that all of 1st batch has already been sold? Did I miss sth.? I don't even know the size of batch 1... ^^

[Chris_Sabian]

We need to create our own PR for ASICMINER.

Now, I struggle with this question myself... but why?

We are moving into a B2B venture, and all of the players that need to know abut us, do.  Hell... all of the first batch has already been sold.  We do not need to attract buyers, buyers come to us.  Why do we need new investors?  AM would not get any of the money to help with development, it would go to the hands of old investors leaving.

The big thing we need is people with time, summarizing events for investors who need to stay informed, but are not able to watch this thread every day.  I am trying to fill that role, but I keep getting sidetracked.

What is your source for that all of 1st batch has already been sold? Did I miss sth.? I don't even know the size of batch 1... ^^

Where did you find that the 1st batch is sold out?

[tsm13]

Terrible google translate from rockxie, roll on the harvest 

19th March
Little progress report that strong mining machine : SMT assembly plant and basically get another shipment of aging and is responsible for testing the plant has also been finalized and is currently being renovated hot . If the chip goes well, is expected next month Xiaoqiang mining machine will be able to meet you , and we stay tuned.

Our slogan is to be determined : Xiaoqiang mining machine, mining machine fighter ! Haha !

[glendall]

Altcoins might be fun, and they may be occasionally profitable, and they are certainly laboratories for experimentation. However, their existence does not come without an explicit cost.

That cost is a dilution of the value of bitcoins. If all of the value currently expressed by all altcoins were liquidated and transferred to bitcoins, bitcoins would currently be valued in excess of $5000 each. The question is not whether altcoins should exist. The question is whether their existence is worth having bitcoins valued at $600 instead of $5000. Which of course begs the question of whether we are better off with bitcoins at $600 as opposed to $5000 in the first place.

I am not qualified to answer these questions, but I think I am qualified to ask them. I think if I were Friedcat those particular questions would present unknowns that I would not want to factor into my business plan. Bitcoins are speculative enough as they are without designing dozens of other chips to optimize mining whatever altcoin might be the flavor of the day, regardless of how popular they may be at the moment.

Ya there is something to that, but I don't see that anything can be done.

We are pretty close to a whopping 500 alt coins available for trade on the exchanges. All those potcoins, lottocoins, supercoins, sexcoins, darkcoins, etc etc x 500 have to be taking a decent 'bite' of bitcoin's base value.  But ya, what can anyone do about that, I'm not sure.

I think friedcat will just focus on bitcoin mining. He has enough on his plate with that.

[superduh]

http://blogs.wsj.com/moneybeat/2014/03/19/bitbeat-kncminer-flips-the-scrypt-sells-2-million-of-new-rigs-in-four-hours/

if you guys really think that this is INSIGNIFICANT than you are clueless and don't see the giant elephant in front of you. friedcat needs to keep working his sha chips but really reevalute his position on scrypt chips. his expertise with sha asics can go a long way.

if he can sell $50 million of scrypt asics this year or more then i can't imagine AM shareholders crying about making extra money.

[aahzmundus]

Friedcat already stated high speed memory is a big issue....  The other big issue is that the main stated benefit of scrypt coins is they were asic resistant... what point is there to those coins when they are just like bitcoin after an ASIC is made.  Long term.... Litecoin is dead and gone, not worth the dev time taken away from bitcoin stuff.