ASICMINER: Entering the Future of ASIC Mining by Inventing It

[culexevilman]

Where are money from April 850k batch? Its millions ... Maybe Friedcat is waiting for China banning Bitfountain's bank accounts so he can tell : "Sorry guys, no dividends, *they stole our money*, we must retain profits of all gen3 to cover our loss, see you next year."  I saw that before in Bitcoinland, after past year nothing is able to surprise me anymore

I doubt it. Friedcat and ASICMINER is legit, business does not go well all the time.

hey buddy, still owe me btc...wow...just wow.

[tehelsper]

Where are money from April 850k batch? Its millions ... Maybe Friedcat is waiting for China banning Bitfountain's bank accounts so he can tell : "Sorry guys, no dividends, *they stole our money*, we must retain profits of all gen3 to cover our loss, see you next year."  I saw that before in Bitcoinland, after past year nothing is able to surprise me anymore

I doubt it. Friedcat and ASICMINER is legit, business does not go well all the time.

hey buddy, still owe me btc...wow...just wow.

WTF! Why the hell would he come back?! He still owes me      a ton of BTC from coinlenders. I hope law enforcement is catching up with him.

How about giving me 100 of those ~600 AM shares you own and calling it even, TF?

[aahzmundus]

WTF! Why the hell would he come back?! He still owes me      a ton of BTC from coinlenders. I hope law enforcement is catching up with him.

How about giving me 100 of those ~600 AM shares you own and calling it even, TF?

Coinlenders was just an Asicminer PT if you paid attention enough.  When share prices collapsed, he went insolvent and claimed "Hacks" to try to get away from things.  Now with the potential for share prices to rebound, it kind of makes sense that he would be back.

I have no hard evidence for these claims, but I believe occam is on my side.

[Jutarul]

...
Which "part" of mining do you view as being in "steady state"? ... I think it's really not in steady state, but I'm curious to know why you think so.

It's kind of an off-topic discussion - I recommend to open a dedicated thread if you're interested in debating this.

[KS]

...
Which "part" of mining do you view as being in "steady state"? ... I think it's really not in steady state, but I'm curious to know why you think so.

It's kind of an off-topic discussion - I recommend to open a dedicated thread if you're interested in debating this.

I think it fits nicely with the AM mining operation but we don't have to start a diatribe. Just stating "it's in a steady-state" isn't really satisfying though

[Jutarul]

...
Which "part" of mining do you view as being in "steady state"? ... I think it's really not in steady state, but I'm curious to know why you think so.

It's kind of an off-topic discussion - I recommend to open a dedicated thread if you're interested in debating this.

I think it fits nicely with the AM mining operation but we don't have to start a diatribe. Just stating "it's in a steady-state" isn't really satisfying though

Ok - the original comment was referring to the implied connection between electricity prices and mining feasibility. This is too simplistic. This assumes that there are no infrastructural barriers between the construction site and deployment site for bitcoin hardware. However, I postulate that new hardware "migrates" from easily accessible deployment sites to energy efficient ones. As such, hardware lives along a gradient with a drift towards sites with cheap electricity, where the forces pushing are bitcoin price developments and advances in bitcoin mining IT, to name two. (Thus the analogy to steady state systems). While bitcoin price is a somewhat reversible process, bitcoin mining IT is not.

What this likely means for mining equipment providers is that in the intermediate term the ability to migrate and maintain beats efficiency. That's why developments by Allied Control are so interesting which focus on ease of deployment.

[bkminer]

Thank you Jutarul for the update, it's appreciated!

[aahzmundus]

Why is this thread getting shorter... what posts are getting removed... the fact that anything is getting removed is bothering me.

[bitcoin.newsfeed]

Why is this thread getting shorter... what posts are getting removed... the fact that anything is getting removed is bothering me.

People are just deleting accounts, or content. Or getting banned. Its happening not only this thread, nothing to worry about.

You know, Bitcoin is not just Magic Internet Money anymore, like 2 years ago. Some have fortune and are protecting privacy.

[Catmoonglow]

This is exactly why I am going to be keeping my eye out for future IPO's. How many times have we said to ourselves, "Shit! If only I bought Microsoft/Apple/Google stock back when it was cheap...?" Who knows, the next Amazon may be just around the corner. This is an exciting time to be in bitcoin!

[necro_nemesis]

The relationship of power vs performance when overclocking/underclocking an ASIC is a significant factor when determining it's value. Power consumption can be significantly lowered underclocked greatly extending positive returns especially at high energy costs and low BTC value. I'd still like to see more on Gen3 test data to better understand it's life cycle.

[glendall]

Wow been quite the wait for these chips. I was thinking they were coming soon like 6 months back, and haven't even arrived yet.  ... But I'm pretty sure they'll be worth the wait.

[ning]

@Jutarul, Thank you.

[xhomerx10]

The relationship of power vs performance when overclocking/underclocking an ASIC is a significant factor when determining it's value. Power consumption can be significantly lowered underclocked greatly extending positive returns especially at high energy costs and low BTC value. I'd still like to see more on Gen3 test data to better understand it's life cycle.

 Please elaborate.  Where exactly is the value in under-clocking an ASIC?  IMHO, if you under-clock, you lose. 
Perhaps at the near end-of-useful-life of your ASIC it might be beneficial to under-clock if you have a time-of-day utility pricing scheme but you're talking about pennies by that point.  I believe the value of an ASIC is simply in it's power vs performance especially when the network difficulty rate is increasing exponentially.  Unless there is some sort of collusion among manufacturers (which would be illegal) to limit the distribution, then the sheer quantity of ASICs will negate any minor performance enhancements(?).  They need to run fast, low-power and NOW.

 Here's the GEN3 life cycle: over before it started. No test data required.

[necro_nemesis]

When energy consumption is higher than return, underclocking and undervolting can often be disproportionate to the reduction in performance thus altering the ratio of consumption to return and thereby extending the useful life of the installation.

[willBTC]

It seems that Spondoolies-Tech's chip is better than AM  3-generation ship on power consumption, but it's more expensive than AM.

[bitcoin.newsfeed]

It seems that Spondoolies-Tech's chip is better than AM  3-generation ship on power consumption, but it's more expensive than AM.

It seems like Spondoolies is actually selling products while ASICminer is only telling stories.

[raskul]

It seems that Spondoolies-Tech's chip is better than AM  3-generation ship on power consumption, but it's more expensive than AM.

I'm more than happy to pay for quality.

[jimmothy]

It seems that Spondoolies-Tech's chip is better than AM  3-generation ship on power consumption, but it's more expensive than AM.

Not exactly. SP hammer is 0.58w/gh at 7gh compared to AM 0.55w/gh at 12gh.

Also we don't know how much complete miners will cost but my guess is under $2/gh.

[necro_nemesis]

It seems that Spondoolies-Tech's chip is better than AM  3-generation ship on power consumption, but it's more expensive than AM.

Miners are concerned about the the chips minutest performance characteristics at the inflated prices paid at retail. This is factoring in what at retail is considered optimal in terms of cost, energy usage and heat management. If there's a cost benefit at the manufacturing level you can afford to add in additional chips and change the whole complexion of the equation. Just look at what was done to produce the S2 underclocking the BM1380 and adding in proportionately more ASICs to achieve the desired performance. They are willing to throw ASICs at the solution to improve efficiency. Cost at the manufacturing level can be crucial to altering the situation considerably. There additionally are cooling=space benefits to adding more ASICs and running at lower consumption/heat dissipation. This can be particularly exploited in mining and franchising right from the onset where markup is of no importance.

I would like to see the overall test data and as I mentioned when the ASIC specs were first released an explanation for the selectable higher clock range given what the ranges were stated at.