ASICMINER: Entering the Future of ASIC Mining by Inventing It

[houseofchill]

That's a relief. Congratulations friedcat!

[Franktank]

So about Gen 4 or Gen 5 R&D...

[chriswilmer]

So about Gen 4 or Gen 5 R&D...

Heh, seriously a good question

[Franktank]

So about Gen 4 or Gen 5 R&D...

Heh, seriously a good question

This generation of ASICs is starting to fill out (via AM, KnC, BitFury, Avalon, etc) but I wonder if the 40 nm chip will last us until the next block halving. If so, is 3 years enough time for R&D for next gen to maximize ASIC efficiency when it's 12.5 BTC a block?

[jimmothy]

This generation of ASICs is starting to fill out (via AM, KnC, BitFury, Avalon, etc) but I wonder if the 40 nm chip will last us until the next block halving. If so, is 3 years enough time for R&D for next gen to maximize ASIC efficiency when it's 12.5 BTC a block?

40nm will likely not be used for gen4. Im guessing 16nm will be out by then so AM will use 20nm (to save money/time)

If the 40 chip can reach 0.2 w/gh a 20nm could possibly reach 0.1 w/gh

[romerun]

Has anyone been following the mining industry cares to summarize AM competitors on what do they have and what are they planing to have?

[romang]

Has anyone been following the mining industry cares to summarize AM competitors on what do they have and what are they planing to have?

Looks like no one

[Chris_Sabian]

Update

The chips passed the functionality tests.

This is excellent news!

Congratulations to the AM Team

[KS]

Has anyone been following the mining industry cares to summarize AM competitors on what do they have and what are they planing to have?

There's a few lined up, too much stuff for a single post, but tl;dr: AM is competitive with Gen3. Next year will be a whole other story, when the competition will have had time to catch up or do a decent 28nm design (20nm will probably suck as far as 20nm should go, like 28nm started by not outperforming 55nm).

[hdbuck]

good news indeed
finally, this 6 words news pushed AM price up.
quick question tho, now we *know chips passed functionality test, what's the next move or news we should be waiting for? how long shall it take? another month? or will we just see loads of btc floading AM adress from sales?

[Caesium]

good news indeed
finally, this 6 words news pushed AM price up.
quick question tho, now we *know chips passed functionality test, what's the next move or news we should be waiting for? how long shall it take? another month? or will we just see loads of btc floading AM adress from sales?

Can somebody explain what the functionality tests are?
And What's the next?

They are a set of test cases to make sure that the chip indeed accepts the jobs and correctly outputs the corresponding nonces.

The next step is to make a better testing environment (powering, cooling) to know the maximum hashing speed on several voltage levels. (As well as at how low voltage the chip totally stops working and how at how high it explodes)

[hlynur]

Update

The chips passed the functionality tests.

nice one!

Kudos to friedcat and the whole team.
Keep it up and don't forget to celebrate.

[arousedrhino]

...
Where in the prospectis does it state wed divs? I looked and cannot find it. Its states that dividens from the profits will be paid to shareholders with no specificity of the day.

Back from GLBSE days:

About the Company
ASICMINER is a GLBSE-listed partner company of the
Bitfountain IC company registered in China. After the fully issuing of
ASICMINER shares, each one of ASICMINER and Bitfountain controls 50% power to
make decisions and shares 50% of the total profits, but the ASICMINER investors
will first get 100% of the total profits until they have their principals paid
back. After the first payment, the dividends will always be paid weekly in each
Wednesday of Beijing time.

Thanks, is that still available in full somewhere to read?

[vortex1878]

Page 1. *facepalm*

[KS]

<SNIP>

About the Company ASICMINER is a GLBSE-listed partner company of the
Bitfountain IC company registered in China. After the fully issuing of
ASICMINER shares, each one of ASICMINER and Bitfountain controls 50% power to
make decisions and shares 50% of the total profits, but the ASICMINER investors
will first get 100% of the total profits until they have their principals paid
back. After the first payment, the dividends will always be paid weekly in each
Wednesday of Beijing time.
 </SNIP>

Quoted as per post 940

@arousedrhino: it's not the first post. Click on the "quote from..." links to get to the right message (but you know that).

[SmiGueL]

Thanks for the update friedcat!


@ dividend whiners ^^
Don't you think friedcat has something better to do than sending a few satoshis to everyone ??....


<sub>If you really think that it HAS to be paid 'because it's in the startpost'
The startpost sais: "The income, including mining income, sales via Bitcoins, and fiat income transferred to Bitcoins, are paid to ASICMINER and Bitfountain shareholders proportionally after the ASICMINER shares are paid by 0.1BTC each from the day when dividends began to be paid, when maintainance costs, labor costs, and R&D costs are taken."

So technically the wallet address coins aren't dividends, until Bitfountain decides that they aren't gonna be used for maintenance/labor/R&D.

So please stop this discussion and let's just wait for what's gonna happen in the next weeks/months.</sub>

[freedomno1]

Update

The chips passed the functionality tests.

Great to hear Friedcat it mean's we are officially in the clear for production

They are a set of test cases to make sure that the chip indeed accepts the jobs and correctly outputs the corresponding nonces.

The next step is to make a better testing environment (powering, cooling) to know the maximum hashing speed on several voltage levels. (As well as at how low voltage the chip totally stops working and how at how high it explodes)

Ignores the redundancy and says
Boom Baby Explode those chips  

[aahzmundus]

So technically the wallet address coins aren't dividends, until Bitfountain decides that they aren't gonna be used for maintenance/labor/R&D.

So please stop this discussion and wait for what's gonna happen in the next weeks/months.

You have a good point... Also friedcat probably just wanted your estimate to be REALLY off just to stick it to you.

[arousedrhino]

<SNIP>

About the Company ASICMINER is a GLBSE-listed partner company of the
Bitfountain IC company registered in China. After the fully issuing of
ASICMINER shares, each one of ASICMINER and Bitfountain controls 50% power to
make decisions and shares 50% of the total profits, but the ASICMINER investors
will first get 100% of the total profits until they have their principals paid
back. After the first payment, the dividends will always be paid weekly in each
Wednesday of Beijing time.
 </SNIP>

Quoted as per post 940

@arousedrhino: it's not the first post. Click on the "quote from..." links to get to the right message (but you know that).

That quote is from his first post the time and date match up and that is where you are taken when you click the link. The first post no longer says Wednesday dividends but a quote by another member of his first post does. 

[freedomno1]

So technically the wallet address coins aren't dividends, until Bitfountain decides that they aren't gonna be used for maintenance/labor/R&D.

So please stop this discussion and wait for what's gonna happen in the next weeks/months.

You have a good point... Also friedcat probably just wanted your estimate to be REALLY off just to stick it to you.

He-He So mean the SmiGuel Well he can be right every other time this one will be remembered for a while lols