ASICMINER: Entering the Future of ASIC Mining by Inventing It

[minerpumpkin]

I believe many of you are following the ROCKMINER thread, but just in case: They just released the specifications for their first product. Sales seem to be starting shortly/now(!?) as well. When considering the power consumption, keep in mind this is a nominal consumption and it includes the whole miner hardware and fan. Furthermore it only features 4 chips, so the whole overhead may again be significantly less when it comes to large scale mining boards. Gen 3 hardware is beginning to ship! Awesome, huh?

https://bitcointalk.org/index.php?topic=528464.msg6667896#msg6667896

RockMiner,R-BOX, Open National Mining Times again!

After working days and nights, R-BOX, RockMiner's virgin product is coming now, is aiming to be comfortable, convenient and high efficient. National mining is so close, are you ready?

R-BOX characteristics
Small and cute, mining at home, office etc, easily to be transferred;
Low noise, will not disturb yourselves and neighbors, mining with working together;
Easy to install, only normal power supply and USB line are necessary;
Simple operation, three steps, means one minute then machine is working.

Technical  Specifications
Effective Hash Rate:around 32GH/S
AM ASIC:4* AM Gen3.TSMC40nm
Mining Software:CGMiner
Machine Size:90mm(L)*90mm(W)*70mm(H)
Cooling:Air Cooling system
Power Supply:12V,5A adapter
Power Interface:DC2.5
Nominal Power Consumption:around 40W
Ambient Operating Temperature:10°~35°C (50°~95°F)
https://twitter.com/RockMinerInc

Weixin: pzj2870 or Alexsuct
Email: sales@rockminer.com or rockxie@rockminer.com

[nycgoat]

I believe many of you are following the ROCKMINER thread, but just in case: They just released the specifications for their first product. Sales seem to be starting shortly/now(!?) as well. When considering the power consumption, keep in mind this is a nominal consumption and it includes the whole miner hardware and fan. Furthermore it only features 4 chips, so the whole overhead may again be significantly less when it comes to large scale mining boards. Gen 3 hardware is beginning to ship! Awesome, huh?

https://bitcointalk.org/index.php?topic=528464.msg6667896#msg6667896

RockMiner,R-BOX, Open National Mining Times again!

After working days and nights, R-BOX, RockMiner's virgin product is coming now, is aiming to be comfortable, convenient and high efficient. National mining is so close, are you ready?

R-BOX characteristics
Small and cute, mining at home, office etc, easily to be transferred;
Low noise, will not disturb yourselves and neighbors, mining with working together;
Easy to install, only normal power supply and USB line are necessary;
Simple operation, three steps, means one minute then machine is working.

Technical  Specifications
Effective Hash Rate:around 32GH/S
AM ASIC:4* AM Gen3.TSMC40nm
Mining Software:CGMiner
Machine Size:90mm(L)*90mm(W)*70mm(H)
Cooling:Air Cooling system
Power Supply:12V,5A adapter
Power Interface:DC2.5
Nominal Power Consumption:around 40W
Ambient Operating Temperature:10°~35°C (50°~95°F)
https://twitter.com/RockMinerInc

Weixin: pzj2870 or Alexsuct
Email: sales@rockminer.com or rockxie@rockminer.com

Just saw that and ran some quick numbers.  Payback is questionable even with 25% difficulty increase per month and cheap power...

Let's hope that the overhead is cheaper for larger miners.

[minerpumpkin]

Just saw that and ran some quick numbers.  Payback is questionable even with 25% difficulty increase per month and cheap power...

Let's hope that the overhead is cheaper for larger miners.

What retail price are your calculations based on?
A monthly increase of 25% is rather optimistic. I guess we should consider at least 75%.

[Chris_Sabian]

I believe many of you are following the ROCKMINER thread, but just in case: They just released the specifications for their first product. Sales seem to be starting shortly/now(!?) as well. When considering the power consumption, keep in mind this is a nominal consumption and it includes the whole miner hardware and fan. Furthermore it only features 4 chips, so the whole overhead may again be significantly less when it comes to large scale mining boards. Gen 3 hardware is beginning to ship! Awesome, huh?

https://bitcointalk.org/index.php?topic=528464.msg6667896#msg6667896

RockMiner,R-BOX, Open National Mining Times again!

After working days and nights, R-BOX, RockMiner's virgin product is coming now, is aiming to be comfortable, convenient and high efficient. National mining is so close, are you ready?

R-BOX characteristics
Small and cute, mining at home, office etc, easily to be transferred;
Low noise, will not disturb yourselves and neighbors, mining with working together;
Easy to install, only normal power supply and USB line are necessary;
Simple operation, three steps, means one minute then machine is working.

Technical  Specifications
Effective Hash Rate:around 32GH/S
AM ASIC:4* AM Gen3.TSMC40nm
Mining Software:CGMiner
Machine Size:90mm(L)*90mm(W)*70mm(H)
Cooling:Air Cooling system
Power Supply:12V,5A adapter
Power Interface:DC2.5
Nominal Power Consumption:around 40W
Ambient Operating Temperature:10°~35°C (50°~95°F)
https://twitter.com/RockMinerInc

Weixin: pzj2870 or Alexsuct
Email: sales@rockminer.com or rockxie@rockminer.com

Just saw that and ran some quick numbers.  Payback is questionable even with 25% difficulty increase per month and cheap power...

Let's hope that the overhead is cheaper for larger miners.

40W is in the range of solar panels and batteries if you really want to go green

[btcbot]

Just saw that and ran some quick numbers.  Payback is questionable even with 25% difficulty increase per month and cheap power...

Let's hope that the overhead is cheaper for larger miners.

What retail price are your calculations based on?
A monthly increase of 25% is rather optimistic. I guess we should consider at least 75%.

Not sure what he was using, but I just saw this:

retail price:RMB 565; reselling price:RMB 505;

http://www.reddit.com/r/Bitcoin/comments/259vf0/rockminerrbox_open_national_mining_times_again/chf3r5g

[Chris_Sabian]

From the Rockminer thread:

Batch produced will be done after 10 days,which is about thousands units,then can be shipped out.Current price is around $90,but it will be adjusted then,so we dont accept preorder now.
Bades will be TGH/S in June,if everything works good.

If the whole miner is $90, each chip is ? 

Probably can calculate approximate chip sales from these numbers

[bitcoin.newsfeed]

From the Rockminer thread:

Batch produced will be done after 10 days,which is about thousands units,then can be shipped out.Current price is around $90,but it will be adjusted then,so we dont accept preorder now.
Bades will be TGH/S in June,if everything works good.

If the whole miner is $90, each chip is ? 

Probably can calculate approximate chip sales from these numbers

Effective Hash Rate: 30~40GH/S > 0.99$/Gh/s at the best > 1000 units = 40 000$ for ASICminer, and 90 000$ for RockMiner(100% margin) > 40 000/400 000 shares = 0.1$ div per share  from RM batch 1

but they received 23 000 chips, so 230 000$ from this order is more accurate, so about 50cents/share

[aahzmundus]

This pricing in USD is stupid as fuck, thank you China.

[antirack]

This pricing in USD is stupid as fuck, thank you China.

Eh, would you prefer RMB pricing? 

[NuclearReactor]

USD, RMB, or BTC - these won't have a positive ROI any way you cut it.

[Franktank]

USD, RMB, or BTC - these won't have a positive ROI any way you cut it.

Bitcoin awareness has grown over the past year. New individuals have now heard of Bitcoin and have a simple understanding of how it works. This product provides a low barrier to entry (less than $100, low power usage) for those folks to get their feet wet in the Bitcoin mining industry. This way, they do not have to risk thousands of dollars on a preorder that may or may not arrive. With its pricing in fiat, there is the opportunity to make ROI should BTC rise in value again (spoilers: it will).

It serves its purpose by exposing the brand with products in a sleek design and at an approachable price point, which is competitive with other offerings that have immediate delivery. For the enthusiast miners here and the like, it's unlikely to appeal to them. Friedcat will have the "high-end" covered through franchise mining (2.4 PH/s @ 1.2 MW) and large batch chip orders. Rockxie is initially focusing on the "low end" first with this and plans to ramp up with the next iteration.

Batch produced will be done after 10 days,which is about thousands units,then can be shipped out.Current price is around $90,but it will be adjusted then,so we dont accept preorder now.
Bades will be TGH/S in June,if everything works good.

[d3adh3ad]

USD, RMB, or BTC - these won't have a positive ROI any way you cut it.

Bitcoin awareness has grown over the past year. New individuals have now heard of Bitcoin and have a simple understanding of how it works. This product provides a low barrier to entry (less than $100, low power usage) for those folks to get their feet wet in the Bitcoin mining industry. This way, they do not have to risk thousands of dollars on a preorder that may or may not arrive. With its pricing in fiat, there is the opportunity to make ROI should BTC rise in value again (spoilers: it will).

It serves its purpose by exposing the brand with products in a sleek design and at an approachable price point, which is competitive with other offerings that have immediate delivery. For the enthusiast miners here and the like, it's unlikely to appeal to them. Friedcat will have the "high-end" covered through franchise mining (2.4 PH/s @ 1.2 MW) and large batch chip orders. Rockxie is initially focusing on the "low end" first with this and plans to ramp up with the next iteration.

Batch produced will be done after 10 days,which is about thousands units,then can be shipped out.Current price is around $90,but it will be adjusted then,so we dont accept preorder now.
Bades will be TGH/S in June,if everything works good.

If a rise in BTC price is necessary for miners to make ROI wouldn't it just be better to buy and hold?

[hdbuck]

USD, RMB, or BTC - these won't have a positive ROI any way you cut it.

Bitcoin awareness has grown over the past year. New individuals have now heard of Bitcoin and have a simple understanding of how it works. This product provides a low barrier to entry (less than $100, low power usage) for those folks to get their feet wet in the Bitcoin mining industry. This way, they do not have to risk thousands of dollars on a preorder that may or may not arrive. With its pricing in fiat, there is the opportunity to make ROI should BTC rise in value again (spoilers: it will).

It serves its purpose by exposing the brand with products in a sleek design and at an approachable price point, which is competitive with other offerings that have immediate delivery. For the enthusiast miners here and the like, it's unlikely to appeal to them. Friedcat will have the "high-end" covered through franchise mining (2.4 PH/s @ 1.2 MW) and large batch chip orders. Rockxie is initially focusing on the "low end" first with this and plans to ramp up with the next iteration.

Batch produced will be done after 10 days,which is about thousands units,then can be shipped out.Current price is around $90,but it will be adjusted then,so we dont accept preorder now.
Bades will be TGH/S in June,if everything works good.

If a rise in BTC price is necessary for miners to make ROI wouldn't it just be better to buy and hold?

bingo!

[EternalWingsofGod]

Well this is interesting slowly starting to see some movement in the Asicminer thread
Also hopefully once we start seeing these things selling we can party ^_^

[Franktank]

USD, RMB, or BTC - these won't have a positive ROI any way you cut it.

Bitcoin awareness has grown over the past year. New individuals have now heard of Bitcoin and have a simple understanding of how it works. This product provides a low barrier to entry (less than $100, low power usage) for those folks to get their feet wet in the Bitcoin mining industry. This way, they do not have to risk thousands of dollars on a preorder that may or may not arrive. With its pricing in fiat, there is the opportunity to make ROI should BTC rise in value again (spoilers: it will).

It serves its purpose by exposing the brand with products in a sleek design and at an approachable price point, which is competitive with other offerings that have immediate delivery. For the enthusiast miners here and the like, it's unlikely to appeal to them. Friedcat will have the "high-end" covered through franchise mining (2.4 PH/s @ 1.2 MW) and large batch chip orders. Rockxie is initially focusing on the "low end" first with this and plans to ramp up with the next iteration.

Batch produced will be done after 10 days,which is about thousands units,then can be shipped out.Current price is around $90,but it will be adjusted then,so we dont accept preorder now.
Bades will be TGH/S in June,if everything works good.

If a rise in BTC price is necessary for miners to make ROI wouldn't it just be better to buy and hold?

bingo!

Yes but as I said, this is an option for people actually want own some mining hardware (see above). From looking at the Mining Hardware subforum, there are plenty of USB miners and then there are small ASIC boards. This serves as another option for those people. Are you going to make a 10x return? No. Obviously if there is no demand, then the test run of the ~1000 units (~4000 chips) would be a failure.

[rudrigorc2]

who wants to buy some direct shares? PM.

[flamingleg]

This might have been covered already but is there any info on asicminer branching out into other territories?

I can't imagine china's increasing hostility towards bitcoin is doing them any favours, especially if the day should come where they need the cooperation of a chinese bank for whatever reason. Some aggressive regulating could quickly prove to be a liability for asicminer, it might be prudent to have some kind of plan in place before it becomes an issue.

I remember friedcat mentioning some vague intention to go overseas a while ago, was there any followup on that?

[minerpumpkin]

This might have been covered already but is there any info on asicminer branching out into other territories?

I can't imagine china's increasing hostility towards bitcoin is doing them any favours, especially if the day should come where they need the cooperation of a chinese bank for whatever reason. Some aggressive regulating could quickly prove to be a liability for asicminer, it might be prudent to have some kind of plan in place before it becomes an issue.

I remember friedcat mentioning some vague intention to go overseas a while ago, was there any followup on that?

He keeps reiterating that there's no pressure or danger at the moment and that relocating would be rather easy if need be. He really doesn't seem very bothered by this. In fact, he's actually currently simply designing, producing, and selling electronics equipment, after all...

[d3adh3ad]

USD, RMB, or BTC - these won't have a positive ROI any way you cut it.

Bitcoin awareness has grown over the past year. New individuals have now heard of Bitcoin and have a simple understanding of how it works. This product provides a low barrier to entry (less than $100, low power usage) for those folks to get their feet wet in the Bitcoin mining industry. This way, they do not have to risk thousands of dollars on a preorder that may or may not arrive. With its pricing in fiat, there is the opportunity to make ROI should BTC rise in value again (spoilers: it will).

It serves its purpose by exposing the brand with products in a sleek design and at an approachable price point, which is competitive with other offerings that have immediate delivery. For the enthusiast miners here and the like, it's unlikely to appeal to them. Friedcat will have the "high-end" covered through franchise mining (2.4 PH/s @ 1.2 MW) and large batch chip orders. Rockxie is initially focusing on the "low end" first with this and plans to ramp up with the next iteration.

Batch produced will be done after 10 days,which is about thousands units,then can be shipped out.Current price is around $90,but it will be adjusted then,so we dont accept preorder now.
Bades will be TGH/S in June,if everything works good.

If a rise in BTC price is necessary for miners to make ROI wouldn't it just be better to buy and hold?

bingo!

Yes but as I said, this is an option for people actually want own some mining hardware (see above). From looking at the Mining Hardware subforum, there are plenty of USB miners and then there are small ASIC boards. This serves as another option for those people. Are you going to make a 10x return? No. Obviously if there is no demand, then the test run of the ~1000 units (~4000 chips) would be a failure.

For the record, I do think there is demand and I think these 1000 will sell out rather quickly. I bought a device last year that proved a poor choice financially compared to buy and hold. I did have lots of fun running it though. I don't think I'd do it again but I'm glad I did it once.

[antirack]

When the BTC rises there will be another craze for mining gear. Rockminer will be there to serve them. And everyone on Alibaba and Taobao