ASICMINER: Entering the Future of ASIC Mining by Inventing It

[minerpumpkin]

Friedcat posted - and deleted, again - a response to the people designing the Wasp miners pointing them to the chip-specifics. They also claim to be receiving sample chips from AM. I believe FC just wants the engineering people to know about the schematics or inadvertently posted them to the forum instead of replying via PM. Things are moving forward!
https://bitcointa.lk/threads/ann-asicminer-publicly-looking-for-potential-customers-partners-for-new-chips.248792/page-11#post-5715921

[Caesium]

cba to look up the link, but "its happening.gif"

[hdbuck]

cba to look up the link, but "its happening.gif"

just not yet.
once divs address gets loaded, the gif we shall upload. ^^

[bitcoin.newsfeed]

Little speculation here  

Is Chinese mining mafia pushing the price of Bitcoin down via fake trades(+fake volume) on their exchanges? Possible reason : upcoming payments for chips? If the exchange rate is low, they'll get more BTC And if they don't plan to convert them asap, its win situation(maybe).

On a more serious note :
What is the size of 1st batch of gen3 ? In December Friedcat mentioned 2-20P possible for first batch. Curious about an actual number, its big difference to get 2M$ or 20M$ for this batch. Also I am interested what will be the time period between batches. And if the order size of next batches will be released for shareholders up-front, or we'll only see the movements in AM address and we can guess how many P were sold and for what price? If they plan to sell them for fiat, how can we audit them if they're including every sell? its about a trust? Jutarul mentioned some audit in past, maybe for better transparency after failed gen2, I wonder where we're on that front.

[necro_nemesis]

I've heard people speculating the price of BTC is being driven by data centers unloading from their mining operations. KNC and the like. Independent miners I suspect are more likely to hold onto BTC but as they get pushed out of the distribution by these large scale operations more of the currency makes it's way to the exchanges.

It's a theory that sounded plausible FWIW.

[Mabsark]

I heard it was because AM and Avalon need to convert bitcoins to fiat in order to pay for chip batches.

[KS]

Typical case of information asymmetry. The people who sold know why and the rest of the market doesn't have a clue but might (or not) follow, depending on the news and the general feeling of where things are headed.

And the possible dump by all the Chinese on or before April the 15th.

The good news relating to AM is that, usually (not a law!), as BTC takes a dive, the AM share price goes up. Add the Gen3 release and we might see a nice cumulative effect (double bubble!).

[necro_nemesis]

As a reminder that we are clueless and thats just the way it goes

Information is simply housekeeping advising investors that things are on track. If you hold a lot of shares in your company and are intersted in the value of those shares then you have an interest in how those who trade in it feel about the security of their investment who in the end vote with price of the stock. The mushroom - head in the sand - it's just so thing. Yeah.

[organofcorti]

The mushroom - head in the sand - it's just so thing. Yeah.

Thanks - you made my morning. Mushroom head in the sand! That's sex on the beach for you.

(now watch this get deleted for OT).

[freedomno1]

The mushroom - head in the sand - it's just so thing. Yeah.

Thanks - you made my morning. Mushroom head in the sand! That's sex on the beach for you.

(now watch this get deleted for OT).

Actually I was just wondering what Organ was smoking today
Then read the whole post ^_^
Anyways its fine to be amused as your blog must drive you to madness now and then ha-ha, still  imagining morning wood on the beach is not the same as a mushroom head in the sand unless we get a bit creative.

(Now i'm OT) lol

[cs54]

dang y'all are weird

[organofcorti]

Anyways its fine to be amused as your blog must drive you to madness now and then <snip>

No, madness is my usual state of mind

[freedomno1]

Anyways its fine to be amused as your blog must drive you to madness now and then <snip>

No, madness is my usual state of mind

I must agree now where did I put my toastwallet hopefully I didn't leave it on any mining hardware
http://toastwallet.com/
https://www.youtube.com/watch?v=HYz2HUTkB6Q

Of Course with AM its a digital wallet so no toasting just Frying 

[necro_nemesis]

The mushroom - head in the sand - it's just so thing. Yeah.

Thanks - you made my morning. Mushroom head in the sand! That's sex on the beach for you.

(now watch this get deleted for OT).

Finally, something less abstract that I can appreciate the value of.

[willBTC]

"The chip have passed all the functionality tests "  means the tape-out is successful and the biggest risk for chips have gone, right ?

[necro_nemesis]

It's a significant bound but utility has yet to be determined from testing performance and efficiency.

[Zubilica]

Well, this week i predict  0.00000000 BTC divs.

[necro_nemesis]

In other news, RockMiner put up a blog.
http://blog.rockminer.com

[bitcoin.newsfeed]

Well, this week i predict  0.00000000 BTC divs.

So if I understand current situation, and where we are in the cycle, sample chips were shipped to the many clients/manufacturers last week or yesterday. And also ASICminer is testing them. Questions are : Were the sample chips sent out for free?(Wasp, did you pay anything for samples? If yes, what was the price per Gh?). And meanwhile if AM is testing/hashing with them, where are they mining?

[Fabrizio89]

Well at this point I don't think we will see many payments to known asicminer addresses, probably the revenue will be sent the same day before sending dividends. Anyway we are still waiting for the last updated regarding chip specifications, so there will take some time for profits still I guess.