ASICMINER: Entering the Future of ASIC Mining by Inventing It

[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

[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!

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.

yea for the record i just bought 2 S1.. but still.. hard to ROI nowadays.. 

[romerun]

There are folks out there that refuse to accept the fact that buying mining gear is losing against buy and hold, of course somedays they will get it, but there're always new bloods to replace them. At least AM and hopefully RM, give what user paid for unlike those scumbag / incompetence  bfl,cointerra,knc .

[ace345]

Hey I was just curious about whether there was any update in regards to if stocks will be traded via Colored Coin in the near future, assuming that it works fine.

I think I remember it being mentioned as an option back when BTC-TC closed down.

[gogxmagog]

Hey I was just curious about whether there was any update in regards to if stocks will be traded via Colored Coin in the near future, assuming that it works fine.

I think I remember it being mentioned as an option back when BTC-TC closed down.

i would think it best to wait and see how coloured coins work out first. there are sure to be bugs, and wouldn't you rather see some other security deal with that before you throw all your value into it?

dont get me wrong, cc is the future, but the future just aint quite here yet. give it a few months, is my thinking, and when its proven 100% reliable and user friendly, boom....everyone will be using it, without question.

[ace345]

yea I agree, definitely would be prudent to wait. great thanks

[shawshankinmate37927]

There are folks out there that refuse to accept the fact that buying mining gear is losing against buy and hold, of course somedays they will get it, but there're always new bloods to replace them. At least AM and hopefully RM, give what user paid for unlike those scumbag / incompetence  bfl,cointerra,knc .

And if it turns out that AM is having difficulty selling chips in sufficient numbers, then there's the self-mining option.

[RoadStress]

There are folks out there that refuse to accept the fact that buying mining gear is losing against buy and hold, of course somedays they will get it, but there're always new bloods to replace them. At least AM and hopefully RM, give what user paid for unlike those scumbag / incompetence  bfl,cointerra,knc .

Buy and hold until when? When are you exchanging your BTC to fiat? Miners have more flexibility imo. Buying and holding isn't very flexible.

[_mr_e]

the thing with mining that nobody seems to acknowledge is this;
If you have a rig that cost 1000$, paid for it in fiat, run it for one year and it mines a total of one single btc, it seems like a colossal loss at current prices. but if the btc price rises to 10 000$ in the future, even ten or twenty years from now... you have still made a good investment.

in traditional investing, doubling your money in ten years is seen as a decent conservative return. so if btc is even only worth 2000$ in 2024 you have a win, my friends.

support the network and hodl!

Or you could just buy 2 btc...

[RoadStress]

the thing with mining that nobody seems to acknowledge is this;
If you have a rig that cost 1000$, paid for it in fiat, run it for one year and it mines a total of one single btc, it seems like a colossal loss at current prices. but if the btc price rises to 10 000$ in the future, even ten or twenty years from now... you have still made a good investment.

in traditional investing, doubling your money in ten years is seen as a decent conservative return. so if btc is even only worth 2000$ in 2024 you have a win, my friends.

support the network and hodl!

Or you could just buy 2 btc...

And what are you doing with them? Holding until when?