ASICMINER: Entering the Future of ASIC Mining by Inventing It

[eb3full]

friedcat finally handled a lot of shareholder transfers the last couple days, so I'm expecting a dividend finally today.

Good luck with that, the last dividend payouts were

20140330
20140320
20140312
20140305

See the pattern?

We've had months with no dividends before, with no communication. They're busy and they keep their heads low. I have less reason than ever to be concerned about no dividends.

[ujka]

friedcat finally handled a lot of shareholder transfers the last couple days, so I'm expecting a dividend finally today.

Possible we are off the trend of Wednesday dividends kind of get used to them and some chips were sent out albeit test ones
Might see a modest dividend today

Well, this week dividend can be only from mining, and that's 25.7 btc.
I don't expect from friedcat to pay out dividends from chip sales before chips are delivered to customers, even if they did pay in advance.

[freedomno1]

Well Rockminer made a twitter account since they are sort of related
https://twitter.com/RockMinerInc

https://bitcointalk.org/index.php?topic=528464.msg6243791#msg6243791

[bitcoin.newsfeed]

Well Rockminer made a twitter blog since they are sort of related
https://twitter.com/RockMinerInc

looking forward for chips performance on that R-box board this time 4chips

[freedomno1]

Well Rockminer made a twitter blog since they are sort of related
https://twitter.com/RockMinerInc

looking forward for chips performance on that R-box board this time 4chips

Same and darn saw it before I changed it to twitter account since I was thinking wait twitter doesn't blog lol

Guess I'll post the chips as well this time since I'm replying

[necro_nemesis]

Well Rockminer made a twitter blog since they are sort of related
https://twitter.com/RockMinerInc

looking forward for chips performance on that R-box board this time 4chips

Interesting visual representation of the economy of scale as 4 gen 3's on a single board should theoretically hash more than an overclocked cube.

This iteration appears will have more than one oscillator. Edit: on closer inspection so did the single chip version.

[Puppet]

anyone can make an asic, but very few people can set up a cooling system like that (patents, technology, etc).

Nonsense. To develop an asic you need skilled system architecture, design and validation engineers, access to a fab and fab IP, etc, and last but not least, a shitload of money. Its definately something not anyone can make.

Immersion cooling otoh basically requires basic plumbing and a high tec cooling fluid, which is what 3M provides, not AM.

[necro_nemesis]

Anyone can make an ASIC? That's like saying Oppenheimer was no more skilled than the village idiot.

The liquid cooled system is child's play in comparison especially since it's using Novec a 3M patented product whom would mainly benefit financially. Building big bulky tanks and heat exchangers in this day and age seems hardly lucrative. Boiler room shit.

[bitfair]

RM is apparently expecting to sell 10PH this year. Meaning profit of somewhere between XBT 0.014 and 0.039 per share from just one customer.

How many more customers are there?

[weex]

I have some shares that I purchased on btc-tc and can see dividend payouts to the ownership address I gave. What is the process to transfer these shares to an exchange or otherwise verify my access to them?

[ning]

I came across a relevant post on immersion cooling (very informative):

Two Phase Open Bath Immersion Cooling Thread (https://bitcointalk.org/index.php?topic=313087.0)

Some interesting points from that post:

• Open bath immersion cooling makes the tank easier and cheaper to construct and the system is never pressurized at dangerous pressures.
• 3M has conducted experiments cooling 4KW heat loads using 1L of working fluid so in theory heat densities approaching 4,000 W/L are possible.
• For two phase immersion cooling we are interested in fluids which boil below the temperature limits of ASICs.
• It is not possible with two phase cooling to have temperatures less than the boiling point of the working fluid.
• The cost depends on supplier and volume being purchased but generally runs $80 to $100 per Liter.

[ujka]

I have some shares that I purchased on btc-tc and can see dividend payouts to the ownership address I gave. What is the process to transfer these shares to an exchange or otherwise verify my access to them?

If you are able to sign a message with that address, confirming that you do own it and the shares, then the directions to import your shares to havelock are on AM1 overview page:
https://www.havelockinvestments.com/fund.php?symbol=AM1

[gomei]

Well Rockminer made a twitter blog since they are sort of related
https://twitter.com/RockMinerInc

looking forward for chips performance on that R-box board this time 4chips

Same and darn saw it before I changed it to twitter account since I was thinking wait twitter doesn't blog lol

Guess I'll post the chips as well this time since I'm replying

nice to see that.

[ning]

The advantage of applying immersion cooling is mostly spatial [1]: it saves space by allowing a very high energy (hashing) density, and it loosens the constraints on where the miner rigs can be deployed. However, space doesn't seem to be a bottleneck as of now, but it might be in the (near) future. With immersion cooling the cost of the cooling fluids will become a nonnegligible (if not major) part of the whole operation, a consistent and calculated design of the PCB boards and the metal cooling tanks can minimize the consumption of cooling fluids and thus reduce costs. So, there's a lot of work to do other than manufacturing efficient hashing chips.

[1] Google data centers can achieve a PUE (Power Usage Effectiveness) of less than 1.06 [2], so I don't think a PUE of of less than 1.02 [3] achieved with immersion cooling is spectacularly impressive.
[2] https://www.google.com/about/datacenters/efficiency/internal/
[3] http://www.allied-control.com/publications/Full_Version_Bitcoin_2-Phase_Immersion_Cooling_and_the_Implications_for_HPC.pdf

[jimmothy]

The advantage of applying immersion cooling is mostly spatial [1]: it saves space by allowing a very high energy (hashing) density, and it loosens the constraints on where the miner rigs can be deployed. However, space doesn't seem to be a bottleneck as of now, but it might be in the (near) future. With immersion cooling the cost of the cooling fluids will become a nonnegligible (if not major) part of the whole operation, a consistent and calculated design of the PCB boards and the metal cooling tanks can minimize the consumption of cooling fluids and thus reduce costs. So, there's a lot of work to do other than manufacturing efficient hashing chips.

[1] Google data centers can achieve a PUE (Power Usage Effectiveness) of less than 1.06 [2], so I don't think a PUE of of less than 1.02 [3] achieved with immersion cooling is spectacularly impressive.
[2] https://www.google.com/about/datacenters/efficiency/internal/
[3] http://www.allied-control.com/publications/Full_Version_Bitcoin_2-Phase_Immersion_Cooling_and_the_Implications_for_HPC.pdf

Saving 5% on electricity is definitely important for any large datacenter and the methods google uses to cool are very extreme and expensive.

The average datacenter would save something like 20% on electricity costs in addition to the high density as you mentioned.

[necro_nemesis]

The advantage of applying immersion cooling is mostly spatial.

Which really is a function of where you want to situate your data center and that typically would be established as a function of energy costs, climate and real estate costs. I believe it was already established that immersion cooling was not a cost effective solution so it's interest other than novelty would have one conclude it has little bearing on future AM operations. If you already have tanks full of Novec use it but IMHO KNC took the more cost effective approach.

[jimmothy]

The advantage of applying immersion cooling is mostly spatial.

Which really is a function of where you want to situate your data center and that typically would be established as a function of energy costs and real estate costs. I believe it was already established that immersion cooling was not a cost effective solution so it's interest other than novelty would have one conclude it has little bearing on future AM operations. If you already have tanks full of Novec use it but IMHO KNC took the more cost effective approach.

10 times more space and 30% extra electricity is not cheap.

[necro_nemesis]

The beauty of mining is it can be situated anywhere there's network access and power. 30% or far more can be saved on where it's situated.  That also is offset by lower startup costs.

[jimmothy]

The beauty of mining is it can be situated anywhere there's network access and power. 30% or far more can be saved on where it's situated.  That also is offset by lower startup costs.

Googles mega expensive, highly engineered, sea water cooled datacenter in finland has a PUE of more than 1.06 so knc must have a PUE of around 1.15 where as immersion cooling can be as low as 1.01

What seems like a better choice:

Option A
10 x $100,000 1MW containers @ 1.01 PUE

Or

Option B
1 x giant $5,000,000 10MW aircraft hanger @ 1.15-1.3 PUE

[necro_nemesis]

As ridiculous as it may sound I would be looking at cold war leftovers in the form of abandoned hangars and silos.