ASICMINER: Entering the Future of ASIC Mining by Inventing It

[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.

[bitmoon]

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.

don't think so, AM is monster

[bitsalame]

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.

Mabsark, how is that even relevant.
Rockxie was talking about himself not implementing immersion cooling because it is expensive.
_mr_e was referring to AsicMiner, who already has immersion cooling already setup and ready to go.

Your answer is the biggest non-sequitur I've seen in 2014 so far.
Congrats.

[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.

Mabsark, how is that even relevant.
Rockxie was talking about himself not implementing immersion cooling because it is expensive.
_mr_e was referring to AsicMiner, who already has immersion cooling already setup and ready to go.

Your answer is the biggest non-sequitur I've seen in 2014 so far.
Congrats.

I'm not claiming that AM will not be using immersion cooling, I was simply answering the question which was posed. Rockxie said immersion cooling is too expensive so that would be a very valid reason not to use it. I suggest you pay more attention to what you read.

[freedomno1]

That rockminer IPO is something else didn't even launch to complete itself  

Wonder who bought all the shares in Pre-IPO only a 36 hour old thread

[shitaifan2013]

That rockminer IPO is something else didn't even launch to complete itself  

Wonder who bought all the shares in Pre-IPO only a 36 hour old thread

probably the same group of persons that "bought" the other 60k shares 

[freedomno1]

That rockminer IPO is something else didn't even launch to complete itself  

Wonder who bought all the shares in Pre-IPO only a 36 hour old thread

probably the same group of persons that "bought" the other 60k shares  

I guess were all stuck in AM again ha-ha but that should mean we have a guaranteed dividend for chips in May when they ship them to Rockxie so some nice news at least thats how it would work.
Rockxie Pays AM for Chips and we get a dividend
Then Rockminer pays out the dividend from those chips to its holders

Dividend
Initial dividend: depends on the chips delivery date of ASCMINER ,in May around.
Total Amount of Dividend: the profit after deducting the profits retained within ROCKMINER.
Time and Frequency for Dividend: Dividends will be paid out on Wednesday every two weeks.

[jimmothy]

That rockminer IPO is something else didn't even launch to complete itself  

Wonder who bought all the shares in Pre-IPO only a 36 hour old thread

probably the same group of persons that "bought" the other 60k shares 

60k shares are held by rockxie & company so nobody bought them.

And it is not like some random shady company asking for funds out of the blue. This is a verified reseller of AM hardware.