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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3899743 times)
minerpumpkin
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May 24, 2014, 12:59:20 PM
 #19521

Friedcat has replied to me by e-mail that he has the future plan  for self-mining when the chip sales is no more that profitable , and the mining farm may be located in Canada or North Europe.

If true (proof? and when did he reply?) this would indicate he has no problems of selling gen 3, which is excellent. Mining is good, but if selling the chips is possible, this is even better.

Glad to hear about decentralizing out of China/HK too.

But why Canada or North Europe?

In certain areas the electricity is practically for free

I should have gotten into Bitcoin back in 1992...
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Creating a Bitcoin client that fully implements the network protocol is extremely difficult. Bitcoin Core and some of its derivatives are the only known safe implementations of full nodes. Some other projects attempt to compete, but it is not recommended to use such software for anything serious. (Lightweight clients like Electrum and Bither are OK.)
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May 24, 2014, 02:34:43 PM
 #19522

The difference is the scale and afaik, none of the rest are actually supplying independent retailers, but private farmers.

Plenty of chinese vendors selling Bitmine based miners:
http://www.alibaba.com/trade/search?fsb=y&IndexArea=product_en&CatId=&SearchText=coincraft

In fact, far more than you can find asicminer based products right now.

A couple of vendors like VMC are selling Hasfast based miners, plenty of re-sellers selling Bitfury gear, and lets not forget like I did, Avalon.

AM announced scale is indeed fairly impressive, but then we dont know what the competition has in store. Moreover, my point was merely that the business model is far from unique.
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May 24, 2014, 02:51:26 PM
 #19523

But why Canada or North Europe?
As well as lower electricity tariffs, there's also less sovereign risk.
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May 24, 2014, 03:19:59 PM
 #19524

Miners: The Gathering. http://www.bitell.com/t/2157

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May 24, 2014, 03:26:58 PM
 #19525

Miners: The Gathering. http://www.bitell.com/t/2157

I was wondering when that was going to happen. Miner OEMs colluding to fix prices and slow the price erosion.
Since mining is a zero sum game, it pays off for them to work together to limit overall supply. Like OPEC for the bicoin mining industry Smiley.
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May 24, 2014, 03:30:28 PM
 #19526

Miners: The Gathering. http://www.bitell.com/t/2157



I was wondering when that was going to happen. Miner OEMs colluding to fix prices and slow the price erosion.
Since mining is a zero sum game, it pays off for them to work together to limit overall supply. Like OPEC for the bicoin mining industry Smiley.

All it takes is one to break from the group...
novusordo
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May 24, 2014, 03:55:15 PM
 #19527

Miners: The Gathering. http://www.bitell.com/t/2157

It's enlightening to watch as a new industry is born.


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Anotheranonlol
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May 24, 2014, 04:04:01 PM
Last edit: May 24, 2014, 04:31:20 PM by Anotheranonlol
 #19528

Miners: The Gathering. http://www.bitell.com/t/2157

I was wondering when that was going to happen. Miner OEMs colluding to fix prices and slow the price erosion.
Since mining is a zero sum game, it pays off for them to work together to limit overall supply. Like OPEC for the bicoin mining industry Smiley.

In this meeting, some topics covered: energy costs, (ways to decrease) subsidy (suggestion there is already talk with some "more official" bodys interest with mining). partnerships with mainland exchanges, partnership with foreign exchanges. (in talk with bitfinex etc), start of OEM service

more tidbits;
avalon taping out 28nm miner, apparently researching 16nm for future  Roll Eyes
bitmain s3 complete by july
asicminer, capacity for 30p wafer month.

participants come to agreement about hosted mining having big future

willBTC
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May 24, 2014, 04:05:19 PM
 #19529

Miners: The Gathering. http://www.bitell.com/t/2157



I was wondering when that was going to happen. Miner OEMs colluding to fix prices and slow the price erosion.
Since mining is a zero sum game, it pays off for them to work together to limit overall supply. Like OPEC for the bicoin mining industry Smiley.

All it takes is one to break from the group...

As I know, Friedcat didn't attend the gathering.

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ASICMINERTUBE
         The Best $/Gh Bitcoin Miner So Far              Discover now!
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May 24, 2014, 04:19:34 PM
 #19530

Rather ironic that the US has been heralded as the breeding ground for new technology, what with Silicon Valley and all, yet living in the US is actually a huge disadvantage for any entrepreneur who wants to be part of one of the most important technological advancements ever.


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Anotheranonlol
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May 24, 2014, 04:22:12 PM
 #19531

Miners: The Gathering. http://www.bitell.com/t/2157



I was wondering when that was going to happen. Miner OEMs colluding to fix prices and slow the price erosion.
Since mining is a zero sum game, it pays off for them to work together to limit overall supply. Like OPEC for the bicoin mining industry Smiley.

All it takes is one to break from the group...

As I know, Friedcat didn't attend the gathering.

look here

http://yixia.com/show/1SpFGnAMxxxFGXG5l0uSwg__.htm

mikemikemike
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May 24, 2014, 04:25:11 PM
 #19532

Miners: The Gathering. http://www.bitell.com/t/2157



I was wondering when that was going to happen. Miner OEMs colluding to fix prices and slow the price erosion.
Since mining is a zero sum game, it pays off for them to work together to limit overall supply. Like OPEC for the bicoin mining industry Smiley.

All it takes is one to break from the group...

As I know, Friedcat didn't attend the gathering.

Dude, sorry, who are you and where are you getting your information from? I just don't know whether to take you seriously or not. It's nothing personal.

Thanks.
willBTC
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May 24, 2014, 04:37:36 PM
 #19533

Miners: The Gathering. http://www.bitell.com/t/2157



I was wondering when that was going to happen. Miner OEMs colluding to fix prices and slow the price erosion.
Since mining is a zero sum game, it pays off for them to work together to limit overall supply. Like OPEC for the bicoin mining industry Smiley.

All it takes is one to break from the group...

As I know, Friedcat didn't attend the gathering.


Dude, sorry, who are you and where are you getting your information from? I just don't know whether to take you seriously or not. It's nothing personal.

Thanks.

I am from China, and I got the information by chatting with guys who is famous in "Bitcoin world" in China.

▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
ASICMINERTUBE
         The Best $/Gh Bitcoin Miner So Far              Discover now!
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mikemikemike
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May 24, 2014, 04:38:23 PM
 #19534

Miners: The Gathering. http://www.bitell.com/t/2157



I was wondering when that was going to happen. Miner OEMs colluding to fix prices and slow the price erosion.
Since mining is a zero sum game, it pays off for them to work together to limit overall supply. Like OPEC for the bicoin mining industry Smiley.

All it takes is one to break from the group...

As I know, Friedcat didn't attend the gathering.


Dude, sorry, who are you and where are you getting your information from? I just don't know whether to take you seriously or not. It's nothing personal.

Thanks.

I am from China, and I got the information by chatting with guys who in famous in "Bitcoin world" in China.

Cool. Thanks
bkminer
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May 24, 2014, 11:44:45 PM
 #19535

My question is, from my reading if the design is good a fully custom chip outperforms standard cell chips. If that's wrong why would anyone do full custom design?

I'm not feeling comfortable posting here. It's a legit question, so I'll answer. Please continue further discussion via PM

Sure, fully custom chip done correctly will outperform standard cells chips. The shining example is BitFury rev2 55nm UMC ASIC
To get a killer ASIC, you need to have better SHA256 implementation, coupled with custom design and some more elements I won't discuss.
Such a killer ASIC could achieve 0.1 W/GHs and sub 0.05 $/GHs on 28nm process

Thank you for the info... as a shareholder of ASICMiner I welcome serious comments and discussion from other companies in the industry and think it's seriously unprofessional to troll or bash them.  This thread is for investors in ASICMiner not some troll show.

Thank you
lophie
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May 25, 2014, 04:52:17 AM
 #19536

My question is, from my reading if the design is good a fully custom chip outperforms standard cell chips. If that's wrong why would anyone do full custom design?

I'm not feeling comfortable posting here. It's a legit question, so I'll answer. Please continue further discussion via PM

Sure, fully custom chip done correctly will outperform standard cells chips. The shining example is BitFury rev2 55nm UMC ASIC
To get a killer ASIC, you need to have better SHA256 implementation, coupled with custom design and some more elements I won't discuss.
Such a killer ASIC could achieve 0.1 W/GHs and sub 0.05 $/GHs on 28nm process

Thank you for the info... as a shareholder of ASICMiner I welcome serious comments and discussion from other companies in the industry and think it's seriously unprofessional to troll or bash them.  This thread is for investors in ASICMiner not some troll show.

Thank you

I do not and I am sure many share my view. You see the platform of this forums have many threads that you can use and competing companies should NOT post on THIS thread how superior their product is. Mainly because it indeed create panic among the average Joe investor and causes local swings in the price.  It is exactly like KFC create an ad and post it on competing companies personal websites that starts with (McDonalds sells rubber, White castle's burgers are real but eh it is genetically modified cows......But now we KFC, we are selling the real deal! and this is why!)

Bottom line,

Compare prices, compare technologies, but leave when YOU start to sound like you are measuring d!c&s. Thank you for understanding. (I am generalizing not pointing to an individual btw. And apparently I am very hungry  Grin )

Will take me a while to climb up again, But where is a will, there is a way...
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May 25, 2014, 07:00:35 AM
 #19537

Miners: The Gathering. http://www.bitell.com/t/2157



I was wondering when that was going to happen. Miner OEMs colluding to fix prices and slow the price erosion.
Since mining is a zero sum game, it pays off for them to work together to limit overall supply. Like OPEC for the bicoin mining industry Smiley.

All it takes is one to break from the group...

As I know, Friedcat didn't attend the gathering.

look here

http://yixia.com/show/1SpFGnAMxxxFGXG5l0uSwg__.htm

So what does the fried one look like?

arnuschky
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May 25, 2014, 09:36:57 AM
 #19538

Miners: The Gathering. http://www.bitell.com/t/2157



I was wondering when that was going to happen. Miner OEMs colluding to fix prices and slow the price erosion.
Since mining is a zero sum game, it pays off for them to work together to limit overall supply. Like OPEC for the bicoin mining industry Smiley.

All it takes is one to break from the group...

As I know, Friedcat didn't attend the gathering.

look here

http://yixia.com/show/1SpFGnAMxxxFGXG5l0uSwg__.htm

So what does the fried one look like?

webbrowser
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May 25, 2014, 09:43:09 AM
 #19539

I think that is not friedcat, but one of the bitcoin journalist/entrepreneurs who visited the immersion cooling farm?
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May 25, 2014, 09:45:47 AM
 #19540

I think that is not friedcat, but one of the bitcoin journalist/entrepreneurs who visited the immersion cooling farm?

Yep https://bitcointalk.org/index.php?topic=346134.0
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