ASICMINER: Entering the Future of ASIC Mining by Inventing It

[SebastianJu]

Your post again makes no sense at all. Why don't you keep quiet if you are clueless?!

I could have saved the explaination of what i thought, right. What i was interested in was if friedcat is already mass producing chips. Though it looks like friedcat already answered that question. He speaks about an engineering batch that comes out and shortly after that the chips work. So the full production didnt start yet. I doubt that friedcat already placed himself in a queue in the foundry since he would have to pay upfront before knowing if the design works. Which means at least a month before real production of wafers.

[jimmothy]

Quote from jutarul.  The official non-official relayer of info.

5) What is the status and capacity of the immersion-cooling data center, and will it house some of the 3rd generation hardware used for mining?
re 5) Capacity is at least 1P. And yes it will be used.

[bitcoin.newsfeed]

I'm still interested to know if FC still has a solomining goal of 10% ...

When I was investing into this company ~ 1 year ago, it was publicly known that ASICminer's goal is to maintain at least 10% of global hashrate, so i did some calculations and bought shares. I was investing into mining company which goal was to mine bitcoins. I was not investing into chip manufacture which will be selling chips for fiat after one year. But yeah ... I am now in huge 75% loss, no point of selling now. I feel quite fucked by ASICminer.

[jimmothy]

I'm still interested to know if FC still has a solomining goal of 10% ...

When I was investing into this company ~ 1 year ago, it was publicly known that ASICminer's goal is to maintain at least 10% of global hashrate, so i did some calculations and bought shares. I was investing into mining company which goal was to mine bitcoins. I was not investing into chip manufacture which will be selling chips for fiat after one year. But yeah ... I am now in huge 75% loss, no point of selling now. I feel quite fucked by ASICminer.

You might be the only person who feels they were screwed by asicminer.

I am assuming you bought when AM had 30% hashrate?

The 10% goal would have brought in 100k bitcoins per year which is only half of what asicminer earned.

AM can only mine if it is economically feasible. Can you imagine how much smaller last years earnings would have been without hardware sales? We were able to squeeze an extra 80k bitcoins from selling hardware that would probably never or just barely reach a positive roi.

I think FC knows this game better than anyone and will go down whatever path is most profitable as has been done in the past.

[electerium]

selling bare chips is/was the fastest way to the market. FC probably knew that gen2 couldnt compete with the current market when it owuld be released, so he scrapped it and went with the plan that pushes his chips into the market the quickest.

[server]

Is AM shareholder of this new Rockminer company ?

Or are all AM shareholders cut loose and will profit only be for the happy few ?

I mean AM will make no or minimal profit by selling gen3 chips at $0.49/GH.

[jimmothy]

Is AM shareholder of this new Rockminer company ?

Or are all AM shareholders cut loose and will profit only be for the happy few ?

I mean AM will make no or minimal profit by selling gen3 chips at $0.49/GH.

Other way around. Rockminer holds shares of AM.

And you are wrong about making no profit. If AM sells 1600PH with a profit of $0.5/GH that would mean 1,600,000 BTC or 4 btc per share.

[bitcoin.newsfeed]

Other way around. Rockminer holds shares of AM.

And you are wrong about making no profit. If AM sells 1600PH with a profit of $0.5/GH that would mean 1,600,000 BTC or 4 btc per share.

Do you think that chips are growing on trees? No expenses for creating them? Its about margin now.

Rockminer doesn't own shares, only Rockxie is sitting on 2 chairs and as boardmember and personal friend with our CEO he can negotiate great discounts for chips from AM, also rights for 1st batches and fuck over all ASICminer shareholders.

[jimmothy]

Other way around. Rockminer holds shares of AM.

And you are wrong about making no profit. If AM sells 1600PH with a profit of $0.5/GH that would mean 1,600,000 BTC or 4 btc per share.

Do you think that chips are growing on trees? No expenses for creating them? Its about margin now.

Rockminer doesn't own shares, only Rockxie is sitting on 2 chairs and as boardmember and personal friend with our CEO he can negotiate great discounts for chips from AM, also rights for 1st batches and fuck over all ASICminer shareholders.

Why would rockxie/friedcat scew over shareholders when he is a large shareholder?

FC already said that chips will be sold for $0.5-1/gh depending on order date and size. I don't think FC will make a special deal with RM while cutting our profits simply to give them an advantage.

Also FC said that the chips cost $0.2/gh to manufacture so I estimate an average profit of $0.5/gh

What reason do you have to believe FC is out to screw over shareholders? Has he ever done so in the past?

[Flashman]

simple model of how you can mine AND sell lots of hardware cheap while increasing mining revenue.

Say network is 100 units of hash total, M&A our "Mining and Asic" company has 1% of network, 1 unit of hash, if by producing 10 units of hash it makes enough profit to bring 1 more unit of hash online for themselves, it's share of network (and thus of blocks found) goes from 1/100 to 2/111 or from 1% to 1.8%, despite selling 10 units to direct competitors.

[server]

Other way around. Rockminer holds shares of AM.

Is didn't ask this. I would like to know if AM holds shares in this new Rockminer company.

And you are wrong about making no profit. If AM sells 1600PH with a profit of $0.5/GH that would mean 1,600,000 BTC or 4 btc per share.

$0.5 isn't profit, it's their selling pice.
Maybe they sell at costprice without any profit for AM shareholders and make profits in the Rockminer company.

...making AM shares worthless...

[minerpumpkin]

Other way around. Rockminer holds shares of AM.

And you are wrong about making no profit. If AM sells 1600PH with a profit of $0.5/GH that would mean 1,600,000 BTC or 4 btc per share.

Do you think that chips are growing on trees? No expenses for creating them? Its about margin now.

Rockminer doesn't own shares, only Rockxie is sitting on 2 chairs and as boardmember and personal friend with our CEO he can negotiate great discounts for chips from AM, also rights for 1st batches and fuck over all ASICminer shareholders.

Why would rockxie/friedcat scew over shareholders when he is a large shareholder?

FC already said that chips will be sold for $0.5-1/gh depending on order date and size. I don't think FC will make a special deal with RM while cutting our profits simply to give them an advantage.

Also FC said that the chips cost $0.2/gh to manufacture so I estimate an average profit of $0.5/gh

What reason do you have to believe FC is out to screw over shareholders? Has he ever done so in the past?

I believe the price per GH/s will drop below 0.5$ after a few months. We won't see 1600PH at a price >=0.5$

[bitcoin.newsfeed]

... We won't see 1600PH at a price >=0.5$

Mate, I would really like to see *something* first and after that talking about 1600PH for now we have only words about gen3

[jimmothy]

I believe the price per GH/s will drop below 0.5$ after a few months. We won't see 1600PH at a price >=0.5$

Why not? We won't have much competition.

Knc will have chips of equal performance but 20nm means it will be much more expensive and slower time to market.

I think our biggest competitor will be spondoolies with their next gen 28nm chip but I doubt even they can match our $/gh.

[necro_nemesis]

I think our biggest competitor will be spondoolies with their next gen 28nm chip but I doubt even they can match our $/gh.

Do they have to pay a portion of profits to shareholders?

[klondike_bar]

I believe the price per GH/s will drop below 0.5$ after a few months. We won't see 1600PH at a price >=0.5$

Why not? We won't have much competition.

Knc will have chips of equal performance but 20nm means it will be much more expensive and slower time to market.

I think our biggest competitor will be spondoolies with their next gen 28nm chip but I doubt even they can match our $/gh.

the competition is the fact that the 40nm chip isnt on sale yet - gen1 is worthless. Once the chip is put into working boards in a few more days/weeks then we can say there is no competition

[arousedrhino]

I'm still interested to know if FC still has a solomining goal of 10% ...

When I was investing into this company ~ 1 year ago, it was publicly known that ASICminer's goal is to maintain at least 10% of global hashrate, so i did some calculations and bought shares. I was investing into mining company which goal was to mine bitcoins. I was not investing into chip manufacture which will be selling chips for fiat after one year. But yeah ... I am now in huge 75% loss, no point of selling now. I feel quite fucked by ASICminer.

It was also publicly known that they were selling miners that were in stock. That was all over the place. If they were selling miners its not much of a stretch to then just sell chips.

Sorry you feel that you were fucked but AM has always been about Mining & Selling Hardware. We are now just selling the chips instead of full miners.

[houseofchill]

Can someone tell me where is the public document with AM's shareholder addresses?

[ThunderSheep]

Can someone tell me where is the public document with AM's shareholder addresses?

I think https://blockchain.info/address/115tTroRo3B9ZDQ6ATJGDCHcNEVbjJoZnF is the best you can get.  Divide the March 30 payouts by 0.000065 to get the number of shares.  To the best of my knowledge, there is no public list which is up to date.

[VolanicEruptor]

I was expecting some more news to be released by now..  am I the only one?