ASICMINER: Entering the Future of ASIC Mining by Inventing It

[minerpumpkin]

Since there's a minimum limit of 100 shares during the IPO, has anyone thought about doing a passthrough/groupbuy? That way one wouldn't have to risk as many BTC and it could enable small investors to participate as well. The problem is, there isn't much time left. If there's no one doing this yet, and you trust me, send a short PM and let me know the amount of shares you'd be interested in. Transfer of the shares to your address after trading is enabled, if possible, or an ongoing passthrough. If there are enough people interested, we could move ahead, otherwise just forget about it immediately. Of course I'd also be willing to identify myself to some trusted member if it is feasible, in case you're worried. I'd be doing this for tips or, say, 2% of the divs in case of a PT.

Will there be a passthrough at Havelock for those of us who can't afford to spend at least 10-15 BTC on the minimum amount of 100 shares?

Yes,after IPOed.

Yeah but at the respective share prices, which may very well be higher than the IPO price! So buying in at IPO may be the key to profit from this thing...

[sngwinner]

Does anyone know if ASICminer has an interest in the rock miner ipo besides being the supplier? Is this an expansion of the franchise model? Will AM be receiving a portion of the mining revenue? If not are AM board members involved? I'm just a little concerned that AM will have little interest in mining coins itself if the board members have a large interest in this operation and, if they do, they would have an interest in selling the chips(or giving then away) for next to cost.

[aahzmundus]

This business is named after a current AM board member, so I would say current board members are involved.

This business is good for AM as it allows friedcat to focus the business and make the best chip possible.  From what I understand making the board and selling them are easier to do, but they have their own logistical issues.  I think this setup is of mutual benefit.

I do not think this will be a franchise per say, as they will be using their own boards not AM boards, just am chips.

I predict that AM will get out of mining altogether, and will move to a B2B chip seller.

[sngwinner]

It would be nice if FriedCat could clarify his view of AMs future with self mining. The original stated goal was to long term hold 10% of the network. Is this being abandoned?

[chriswilmer]

This business is named after a current AM board member, so I would say current board members are involved.

This business is good for AM as it allows friedcat to focus the business and make the best chip possible.  From what I understand making the board and selling them are easier to do, but they have their own logistical issues.  I think this setup is of mutual benefit.

I do not think this will be a franchise per say, as they will be using their own boards not AM boards, just am chips.

I predict that AM will get out of mining altogether, and will move to a B2B chip seller.

How do you think this would work regarding dividends?

[aahzmundus]

How do you think this would work regarding dividends?

Irregular, infrequent, and MASSIVE.  Valuing AM will become much harder then it is already, and it is currently very hard.

[sngwinner]

That's the reason I was asking. If we aren't focused on mining anymore. Revenue and then dividends will be very lumpy.

[coldguy]

I am interested in RM's IPO. However, I am wondering if there is a interests conflicting with AM. As in RM's IPO announcement, as AM's board member, RM will buy chips from AM directly. So how the price of the chip will be decided? If the price is too low, the benefits of AM shareholders will be impaired. If the price is high, the margin of RM's profit will be low. How Rockxie or friedcat would handle this issue?

[KS]

I am interested in RM's IPO. However, I am wondering if there is a interests conflicting with AM. As in RM's IPO announcement, as AM's board member, RM will buy chips from AM directly. So how the price of the chip will be decided? If the price is too low, the benefits of AM shareholders will be impaired. If the price is high, the margin of RM's profit will be low. How Rockxie or friedcat would handle this issue?

I don't think we'll know, unless FC informs the board members this side of BitFountain. We might guess it (or not) from the quarterly reports, but it's still a very opaque operation.

[KS]

https://www.havelockinvestments.com ?

Don't have a CAPTCHA but I can't always get to the login page (goes back to the front page).

That kept happening to me too. Solution, add this to your favourites: https://www.havelockinvestments.com/login.php

Ha! I like a simple workaround

Hasn't happened to me before this week-end or since, but I'll keep that in mind.

Cheers.

[freedomno1]

Update

The first wafers were out in March 22th. The engineering batch of packaged chips will be out in March 28th. After that we can immediately start testing on functionality and power consumption.

Woot thanks for the update!

Well, we now know how rockxie will be paying for all the chips! https://bitcointalk.org/index.php?topic=528464.new#new.

WAIT WHAT!
Now I am interested in this IPO thanks for posting this aahz
Conflicted with where to put the BTC now well hopefully it turns out better than Smidge did anyways I need to do more research into the data myself so
Tentative Opinion

[sngwinner]

The rock miner ipo is only offering a pretty small amount of shares to the public(approx 20%). I think Rockxie should disclose if other board members/bitfountain have an interest in the remaining 60,000 shares held outside of the public offering or if it is just him.

[Swordsoffreedom]

I predict that AM will get out of mining altogether, and will move to a B2B chip seller.

It is a possibility but we will need to wait for Friedcat to make an announcement to that effect

[_mr_e]

But AM has their crazy immersion cooling setup... Why would they want to let all that investment go to waste?

[bitcoin.newsfeed]

But AM has their crazy immersion cooling setup... Why would they want to let all that investment go to waste?

Seems like something very important happened before the New Year in ASICminer and it completely changed the direction of the company.

from rockminer.com site :

In November 2013, the team of ROCKMINER is founded with members who have rich experiences in software and hardware R&D, production and sale.

^^ maybe this was a part of that internal revolution inside the ASICminer, which was discussed here in past?

also looking at Friedcat last post count :

September - 9 posts
October - 4 posts
---break---
November - 1 post : "The projected time of taping out of Gen3 is January 20."

[mc_lovin]

I hope ASICMINER has like 1 PH/s online hashing for shareholders before Rockminer gets 1 single chip. 

[spartan82]

I hope ASICMINER has like 1 PH/s online hashing for shareholders before Rockminer gets 1 single chip. 

That should be the case in a perfect world but hey, only time will tell

[novusordo]

I hope ASICMINER has like 1 PH/s online hashing for shareholders before Rockminer gets 1 single chip. 

That should be the case in a perfect world but hey, only time will tell

...Unless it's more profitable to sell the chips.

[Mabsark]

But AM has their crazy immersion cooling setup... Why would they want to let all that investment go to waste?

Too expensive apparently.

6. I read, that you are also interested in self mining, what is the expected size of Rockminer mining operation? Do you want to use immersion cooling or air cooling?

    Mainly are cooling,immersion cooling is too expensive.

[jimmothy]

But AM has their crazy immersion cooling setup... Why would they want to let all that investment go to waste?

Too expensive apparently.

6. I read, that you are also interested in self mining, what is the expected size of Rockminer mining operation? Do you want to use immersion cooling or air cooling?

    Mainly are cooling,immersion cooling is too expensive.

Is renting a massive datacenter to air cool 1MW worth of hardware really better than a nice little efficient immersion cooled datacenter that can fit in a storage container?

FC already said the immersion cooled datacenter will be used and it will be more than 1PH. That is in addition to the air cooled datacenter and franchising.