ASICMINER: Entering the Future of ASIC Mining by Inventing It

[minerpumpkin]

Update
The chips passed the functionality tests.

This post is 5 weeks old. Chips were tested 5 weeks ago. Read more carefully. He was "napping" past 12+ months, no time for nap now ffs.

To be fair, those were the test/sample chips. There'll have been several hands full, but no volume whatsoever. Those chips were used for initial testing and sent as samples to large potential customers and hardware engineers.
Friedcat most likely ordered the "May batch" as soon as those preliminary tests proved to be successful. That may batch may have arrived by now and even be distributed, ROCKMINER populated at least 2 larger boards a couple of days ago. But There's really no reason to believe FC isn't doing anything. Do we actually know how work it takes to convey such a big operation and sell millions worth of chips?
FC may have used the money from the first batch to pay for the June/July batches. He may be tied up with other stuff. He may as well be in the process of converting millions of US-$ to BTC and simply wait until all the deals are final until he forwards the proceeds irreversibly to the shareholders.

[necro_nemesis]

The plan was to take delivery as follows. To be fair it was stated divs would be paid 27 May and we haven't posed any further questions. Additionally we lost our ability to see what was happening in the boiler room when erpao.info went offline a couple weeks ago.

Submitted Questions:
1) What is the status, size, and expected delivery of the next batch of chips? What about the one after that?
re 1) This month: 850k, next month: 3.35m (order size), June: 6.7m (order size), assuming each chip is 10G.

"This month "was April.

[minerpumpkin]

The plan was to take delivery as follows. To be fair it was stated divs would be paid 27 May and we haven't posed any further questions. Additionally we lost our ability to see what was happening in the boiler room when erpao.info went offline a couple weeks ago.

Submitted Questions:
1) What is the status, size, and expected delivery of the next batch of chips? What about the one after that?
re 1) This month: 850k, next month: 3.35m (order size), June: 6.7m (order size), assuming each chip is 10G.

"This month "was April.

Yes, assume there've been no delays and everything went fine. Friedcat may have shipped those chips, those deals need to be "final", i.e. no hardware failures AM is accountable for, fully paid, etc. This being said, expecting dividend payments for that batch already may be a bit premature. Maybe fc used the money to pay for the June/July batches, as well. This may cost us our "first" gen 3 dividend, but may be a smart move business wise, as well. The thing is, we don't know anything for sure and may only speculate. I'd love more information and quick dividends as well, but that's probably not how things will work out. Yet, I am convinced everything'll work out and trust FC's words.

[minerpumpkin]

Something's happening. ROCKMINER really seems to make progress. I wonder when they'll be ready to enter mass production!

https://twitter.com/RockMinerInc/status/463350124803260416

[Chris_Sabian]

Something's happening. ROCKMINER really seems to make progress. I wonder when they'll be ready to enter mass production!

https://twitter.com/RockMinerInc/status/463350124803260416

I would like to see a huge data center filled with these.

[neilol-real]

Something's happening. ROCKMINER really seems to make progress. I wonder when they'll be ready to enter mass production!

https://twitter.com/RockMinerInc/status/463350124803260416

Must be nothing! Let the Havelock share price continue to fall 

[minerpumpkin]

Something's happening. ROCKMINER really seems to make progress. I wonder when they'll be ready to enter mass production!

https://twitter.com/RockMinerInc/status/463350124803260416

Must be nothing! Let the Havelock share price continue to fall  

This is bizarro world... Really!

edit: actually not that bizarro, they're simply shorting AM. We'll see if it works out. Still... courage!

[RoadStress]

The plan was to take delivery as follows. To be fair it was stated divs would be paid 27 May and we haven't posed any further questions. Additionally we lost our ability to see what was happening in the boiler room when erpao.info went offline a couple weeks ago.

Submitted Questions:
1) What is the status, size, and expected delivery of the next batch of chips? What about the one after that?
re 1) This month: 850k, next month: 3.35m (order size), June: 6.7m (order size), assuming each chip is 10G.

"This month "was April.

So now will people agree with the fact that i was right and we will not see 109PH in the wild in the next 2 months?

Something's happening. ROCKMINER really seems to make progress. I wonder when they'll be ready to enter mass production!

https://twitter.com/RockMinerInc/status/463350124803260416

That seems to be a big radiator for just a few chips.

[minerpumpkin]

Something's happening. ROCKMINER really seems to make progress. I wonder when they'll be ready to enter mass production!

https://twitter.com/RockMinerInc/status/463350124803260416

That seems to be a big radiator for just a few chips.

Well, that setup consumes at least 140W, some people claim even more. That's 1.5 good old lightbulbs you need to cool. Radiators don't account for that much of the price, so why settle for less, especially in first iterations of the miner? The cooler the better.

edit: I was wrong. This is the 4 chip solution. So at least 24W, but the fan size really is just a normal case fan. The gridseed miners look a lot like this.

[minerpumpkin]

OK, so who's sold their shares? 
Could you explain your rationale? (seriously interested!)

[KarmaShark]

OK, so who's sold their shares? 
Could you explain your rationale? (seriously interested!)

I honestly did not believe that Wall was going to be breached given we are 3-4 weeks away from mass sales and the accompanying dividends we all crave so dearly. Someone could have several 1000 shares and just wanted to free up some short term capital. It could also be that they have an even shorter term opportunity to double that BTC and re-buy into AM before launch, which is quite a potential risk. Or someone just needed some good old fiat currency and forces have pushed them into this decision.


The lower it goes the better for late comers, market will only sustain this share price for a short time going forward.

[minerpumpkin]

OK, so who's sold their shares? 
Could you explain your rationale? (seriously interested!)

I honestly did not believe that Wall was going to be breached given we are 3-4 weeks away from mass sales and the accompanying dividends we all crave so dearly. Someone could have several 1000 shares and just wanted to free up some short term capital. It could also be that they have an even shorter term opportunity to double that BTC and re-buy into AM before launch, which is quite a potential risk. Or someone just needed some good old fiat currency and forces have pushed them into this decision.


The lower it goes the better for late comers, market will only sustain this share price for a short time going forward.

Yeah, that's what I'd guess as well. It hurts as someone holding through all of these months, though. And it isn't exactly a good feeling 
Shorting alone on that scale with these days' volume seems difficult, too.

[stompysteve]

OK, so who's sold their shares? 
Could you explain your rationale? (seriously interested!)

I honestly did not believe that Wall was going to be breached given we are 3-4 weeks away from mass sales and the accompanying dividends we all crave so dearly. Someone could have several 1000 shares and just wanted to free up some short term capital. It could also be that they have an even shorter term opportunity to double that BTC and re-buy into AM before launch, which is quite a potential risk. Or someone just needed some good old fiat currency and forces have pushed them into this decision.


The lower it goes the better for late comers, market will only sustain this share price for a short time going forward.

Yeah, that's what I'd guess as well. It hurts as someone holding through all of these months, though. And it isn't exactly a good feeling 
Shorting alone on that scale with these days' volume seems difficult, too.

or someone is buying/selling into their own walls hoping others follow?

[tsm13]

gave me an oppurtunity to convert some fractionals to full

[mc_lovin]

3-4 weeks™

[KS]

OPEX would be about 20-30% cheaper for me

What exactly are you comparing?

I'm in a densely populated, high electric cost area. The tanks would look much better if I lived, say, in Washington state.

If you are in a densely populated area 6 tanks with 1.2MW total would take a lot less space than dozens of racks?

And in a place like Washington with $0.02/kWh cooling would be relatively small, no matter you pay a lot or a little?

Sorry, looks like I fat fingered the calculation - redone it and it shows the OPEX in a DC to be about 2.25x that of the tank!  

But that includes rent and 24/7 security, which is not included in the OPEX of the tank (and I have no idea how much it would be for good 24/7 security).

Electricity here is ten times the cost of a place like Washington state but the rent is only about double (by the looks of it). Depending how big your racks are, the rent might not play too big a role or even be cheaper here (you can stack more than with containers/tanks). Containers look like the 40ft type.

Also, it is probably easier and faster to deploy 55 racks in a DC (already setup, not owned, because of the 2-3x reduction in electricity costs) than a tank here, and that's also to consider for bitcoin. Of course, after you have your massive electricity installation deployed, it's another story. (you can't get that much power everywhere and it costs a good amount of money to install the necessary transformers and a few months before actual deployment)

So, meh. For now.

[minerpumpkin]

3-4 weeks™

Friedcat is not really known for not meeting deadlines.
The dates we had so far have only been projections and estimates.

[wasubii]

Something's happening. ROCKMINER really seems to make progress. I wonder when they'll be ready to enter mass production!

https://twitter.com/RockMinerInc/status/463350124803260416

That seems to be a big radiator for just a few chips.

Well, that setup consumes at least 140W, some people claim even more. That's 1.5 good old lightbulbs you need to cool. Radiators don't account for that much of the price, so why settle for less, especially in first iterations of the miner? The cooler the better.

edit: I was wrong. This is the 4 chip solution. So at least 24W, but the fan size really is just a normal case fan. The gridseed miners look a lot like this.

4 chips only? Hardly seems worth the trouble of wiring it all up and having that much space taken up. Who are these aimed at? N00bs?

[davecoin]

Something's happening. ROCKMINER really seems to make progress. I wonder when they'll be ready to enter mass production!

https://twitter.com/RockMinerInc/status/463350124803260416

That seems to be a big radiator for just a few chips.

Well, that setup consumes at least 140W, some people claim even more. That's 1.5 good old lightbulbs you need to cool. Radiators don't account for that much of the price, so why settle for less, especially in first iterations of the miner? The cooler the better.

edit: I was wrong. This is the 4 chip solution. So at least 24W, but the fan size really is just a normal case fan. The gridseed miners look a lot like this.

4 chips only? Hardly seems worth the trouble of wiring it all up and having that much space taken up. Who are these aimed at? N00bs?

Depends on the price.  Everyone should be able to mine.

[btcbot]

A little shuffling of funds before tomorrow's dividend?  Money moved yesterday from the mining wallet:

https://blockchain.info/address/1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24i