ASICMINER: Entering the Future of ASIC Mining by Inventing It

[KarmaShark]

How is the price so low  Time to load up on shares 

i have been doing the same

Ditto.

[Mabsark]

Assuming projected batch sizes (May: 8.5 PH/s, June 33.5 PH/s) and assuming that the reported chip sales ($3,691,731) are the May batch and the Hardware in stock ($1,420,233+ $6,104,800=$7,525,033) is the June batch, we can conclude that AM achieved a price of: $0.43 for May and $0.22 for June.

The May batch was around 30 Ph/s given the value of 5,727,500 USD spent on wafers in the cash flow report. At 0.2 USD/Gh (friedcat said less than 0.2 though) you'd get a hashrate of 28,637,500 Gh/s (28.64 Ph/s).

Each wafer gives around 40 TH/s [url-https://bitcointalk.org/index.php?topic=99497.msg5025133#msg5025133]according to Jutarul[/url]. If we assume a 30 Ph/s total hashrate then that gives 750 wafers. Some nice round numbers to work with:

750 wafers,
40 Th/s per wafer,
30 Ph/s total hashrate.

Given that we know 5,727,500 USD was spent on wafers and assuming the hashrate of those wafers to be 30 Ph/s, the cost per G would be 0.19092 USD/Gh. The price for chips in that batch is 0.49-0.99 USD/Gh depending on the size of the order. That's a total of between 14,700,000 and 29,7000,000 USD in chip sales for the May batch.

[minerpumpkin]

Assuming projected batch sizes (May: 8.5 PH/s, June 33.5 PH/s) and assuming that the reported chip sales ($3,691,731) are the May batch and the Hardware in stock ($1,420,233+ $6,104,800=$7,525,033) is the June batch, we can conclude that AM achieved a price of: $0.43 for May and $0.22 for June.

The May batch was around 30 Ph/s given the value of 5,727,500 USD spent on wafers in the cash flow report. At 0.2 USD/Gh (friedcat said less than 0.2 though) you'd get a hashrate of 28,637,500 Gh/s (28.64 Ph/s).

Each wafer gives around 40 TH/s [url-https://bitcointalk.org/index.php?topic=99497.msg5025133#msg5025133]according to Jutarul[/url]. If we assume a 30 Ph/s total hashrate then that gives 750 wafers. Some nice round numbers to work with:

750 wafers,
40 Th/s per wafer,
30 Ph/s total hashrate.

Given that we know 5,727,500 USD was spent on wafers and assuming the hashrate of those wafers to be 30 Ph/s, the cost per G would be 0.19092 USD/Gh. The price for chips in that batch is 0.49-0.99 USD/Gh depending on the size of the order. That's a total of between 14,700,000 and 29,7000,000 USD in chip sales for the May batch.

I'm sorry, please change May to April and June to May.
Okay, please explain the following issue at hand: The April (not May as I erroneously stated) batch had 8.5 PH/s. Why do we only have $3,691,731 in chip sales? This would translate (as mentioned earlier) to a price of $0.43/GH/s for May. We should have yielded more revenue.
- What makes you think we achieved a price of $0.50-$1.00/GH/s (we all know this used to be the target)
- How can we achieve a price exceeding $0.40 for June+ batches, when the market price (although preorder) is supposedly at $0.35 and we probably haven't even achieved that price for the earliest (April) batch?

[Anotheranonlol]

when the market price (although preorder) is supposedly at $0.35 and we probably haven't even achieved that price for the earliest (April) batch?

One supplier order 3PH AM chips, he mention that market price for late june is actually less than that (for bulk order)
so somethings don't add up.

[minerpumpkin]

when the market price (although preorder) is supposedly at $0.35 and we probably haven't even achieved that price for the earliest (April) batch?

One supplier order 3PH AM chips, he mention that market price for late june is actually less than that (for bulk order)
so somethings don't add up.

Do you've got sources or anything? A price below $0.35 sounds quite worrying.

[willBTC]

when the market price (although preorder) is supposedly at $0.35 and we probably haven't even achieved that price for the earliest (April) batch?

One supplier order 3PH AM chips, he mention that market price for late june is actually less than that (for bulk order)
so somethings don't add up.

source?

[Anotheranonlol]

when the market price (although preorder) is supposedly at $0.35 and we probably haven't even achieved that price for the earliest (April) batch?

One supplier order 3PH AM chips, he mention that market price for late june is actually less than that (for bulk order)
so somethings don't add up.

Do you've got sources or anything? A price below $0.35 sounds quite worrying.

I can only show screenshot from QQ, perhaps it's not enough for you.

and by the way, Bitfury new datacentre (on kimito island, finland) also uses Oil-immersion, they have 20mw plant and next gen chip in works.

Antminer S3 (28nm) out shortly- they are very popular with those that don't like preorder so for small customer am have no edge, Spoondoolies is coming out of shadows, even Avalon is apparently kicking into gear with tape-out of a next chip.

the delusions of AM dominating the market like the golden days will have to have a splash of cold water, for too long AM investors demonstrate irrational exuberance, holding this stock up to crazy levels when it stuck paying less than a high street bank in divs.

[Mabsark]

Okay, please explain the following issue at hand: The April (not May as I erroneously stated) batch had 8.5 PH/s. Why do we only have $3,691,731 in chip sales? This would translate (as mentioned earlier) to a price of $0.43/GH/s for May. We should have yielded more revenue.

Actually, assuming a value of 500 USD/BTC and the current price of RMB/USD, there was about 4.41 million USD in chip sales. Why is there only that much? Perhaps payment hadn't been received for all the chips sold? Perhaps AM didn't sell all the chips? There's numerous reasons.

- What makes you think we achieved a price of $0.50-$1.00/GH/s (we all know this used to be the target)

Simply because that's the price that was told us.

- How can we achieve a price exceeding $0.40 for June+ batches, when the market price (although preorder) is supposedly at $0.35 and we probably haven't even achieved that price for the earliest (April) batch?

Is there any evidence for that price though? I haven't seen it, have you? Friedcat did say the price would be lower for the later batches but he didn't say what price they would be.

[KarmaShark]

Until FC comes here and tells us or answers these vital questions from the shareholders inquiry going out, we will speculate for pages upon pages with no traction. Meanwhile, trolls will show up and attempt to pray on the nerves of investors while they can. As soon as FC shows the numbers and they are not a total train wreck, the share price will sky rocket from it's current position.


You're going to have to wait this out until answers come AND ignore the individuals who have a material benefit from seeing this company fail or the share price fall in the short term. Until we have solid numbers, get use to this.

[NotLambchop]

...
You're going to have to wait this out until answers come AND ignore the individuals who have a material benefit from seeing this company fail ...

But trust the bagholders who are totally honest and impartial, because they are motivated by Truth and a desire help you through these troubling times

[hdbuck]

Okay, please explain the following issue at hand: The April (not May as I erroneously stated) batch had 8.5 PH/s. Why do we only have $3,691,731 in chip sales? This would translate (as mentioned earlier) to a price of $0.43/GH/s for May. We should have yielded more revenue.

Actually, assuming a value of 500 USD/BTC and the current price of RMB/USD, there was about 4.41 million USD in chip sales. Why is there only that much? Perhaps payment hadn't been received for all the chips sold? Perhaps AM didn't sell all the chips? There's numerous reasons.

- What makes you think we achieved a price of $0.50-$1.00/GH/s (we all know this used to be the target)

Simply because that's the price that was told us.

- How can we achieve a price exceeding $0.40 for June+ batches, when the market price (although preorder) is supposedly at $0.35 and we probably haven't even achieved that price for the earliest (April) batch?

Is there any evidence for that price though? I haven't seen it, have you? Friedcat did say the price would be lower for the later batches but he didn't say what price they would be.

i would assume chips sales only represent april's batch (samples, testing, "small" quantity, RBox, etc..)  whilst the products in inventory would refer to may's batch (at production cost). june's batch is still on the go and may require further funding.
apart from this, i found it now useless to speculate about production costs and selling costs since they may varies alot considering order quantities.
wait and see. but i'm confident FC and the boardmembers are doing their best to take this company to the next level.

edit: and again, since ASIC manufacturers are already advertizing for 0,5-5 PH immersion cooled mining rigs, it seems AM will have a lot of chips to sell in the end... much profit. just not yet.

[KarmaShark]

Hang in there folks, all you have to do is.....

[bitsalame]

I think the biggest rival is Bitfury, in terms of the scales of their operation.

[mc_lovin]

So with DataTank info (which explains the May divs):

https://docs.google.com/file/d/0ByWHHc0u_thNdzB3c2hvVzJkcTQ/edit

And PCBs:

https://docs.google.com/file/d/0ByWHHc0u_thNNHVaX2VsRk5iVkE/edit

https://docs.google.com/file/d/0ByWHHc0u_thNbC1uQlBZQXpMN2s/edit

https://docs.google.com/file/d/0ByWHHc0u_thNSE15MHktcmNXekU/edit

And now Containers:

https://drive.google.com/?authuser=0#folders/0ByWHHc0u_thNLU1wTWd5ZGYxVEE

So is AM really crashing then?

So what's the deal with these DataTank + shipping container things.  Seeing pictures but not a lot of other information. 

[minerpumpkin]

Okay, please explain the following issue at hand: The April (not May as I erroneously stated) batch had 8.5 PH/s. Why do we only have $3,691,731 in chip sales? This would translate (as mentioned earlier) to a price of $0.43/GH/s for May. We should have yielded more revenue.

Actually, assuming a value of 500 USD/BTC and the current price of RMB/USD, there was about 4.41 million USD in chip sales. Why is there only that much? Perhaps payment hadn't been received for all the chips sold? Perhaps AM didn't sell all the chips? There's numerous reasons.

- What makes you think we achieved a price of $0.50-$1.00/GH/s (we all know this used to be the target)

Simply because that's the price that was told us.

- How can we achieve a price exceeding $0.40 for June+ batches, when the market price (although preorder) is supposedly at $0.35 and we probably haven't even achieved that price for the earliest (April) batch?

Is there any evidence for that price though? I haven't seen it, have you? Friedcat did say the price would be lower for the later batches but he didn't say what price they would be.

It's noteworthy though that April's payments haven't fully come in by now. I believe it is important to secure payments as fast as possible in such a risky business.

Thing is: The projected price originates in January, and we've seen significant delays, a significant increase in consumption, and strong competition. Also, even though we're in a bull market again, the BTC price is still slightly lower than in January, so the incentive to mine hasn't increased. Furthermore there's no indication whatsoever, that the anticipated target prices have been met. There are indicators, though, we're at a price of approximately $0.4/GH/s.
No proof, sure. But all indicators do point in that direction. I used to be pretty AM bullish, remember?

[minerpumpkin]

Until FC comes here and tells us or answers these vital questions from the shareholders inquiry going out, we will speculate for pages upon pages with no traction. Meanwhile, trolls will show up and attempt to pray on the nerves of investors while they can. As soon as FC shows the numbers and they are not a total train wreck, the share price will sky rocket from it's current position.


You're going to have to wait this out until answers come AND ignore the individuals who have a material benefit from seeing this company fail or the share price fall in the short term. Until we have solid numbers, get use to this.

Very true, but please allow valid approaches given the financial reports we've been given. I don't wanna sound all boasty, but I believe at least I did enough constructive work trying to get information from FC, to be granted the rights to make some conjectures here.

[vortex1878]

Okay, please explain the following issue at hand: The April (not May as I erroneously stated) batch had 8.5 PH/s. Why do we only have $3,691,731 in chip sales? This would translate (as mentioned earlier) to a price of $0.43/GH/s for May. We should have yielded more revenue.

Actually, assuming a value of 500 USD/BTC and the current price of RMB/USD, there was about 4.41 million USD in chip sales. Why is there only that much? Perhaps payment hadn't been received for all the chips sold? Perhaps AM didn't sell all the chips? There's numerous reasons.

- What makes you think we achieved a price of $0.50-$1.00/GH/s (we all know this used to be the target)

Simply because that's the price that was told us.

- How can we achieve a price exceeding $0.40 for June+ batches, when the market price (although preorder) is supposedly at $0.35 and we probably haven't even achieved that price for the earliest (April) batch?

Is there any evidence for that price though? I haven't seen it, have you? Friedcat did say the price would be lower for the later batches but he didn't say what price they would be.

It's noteworthy though that April's payments haven't fully come in by now. I believe it is important to secure payments as fast as possible in such a risky business.

Thing is: The projected price originates in January, and we've seen significant delays, a significant increase in consumption, and strong competition. Also, even though we're in a bull market again, the BTC price is still slightly lower than in January, so the incentive to mine hasn't increased. Furthermore there's no indication whatsoever, that the anticipated target prices have been met. There are indicators, though, we're at a price of approximately $0.4/GH/s.
No proof, sure. But all indicators do point in that direction. I used to be pretty AM bullish, remember?

You are being contradictory. How can you one the one hand say that "April's payments haven't fully come in by now" and on the other hand claim that "there's no indication whatsoever, that the anticipated target prices have been met"? So how do you know one or the other?

[hdbuck]

Until FC comes here and tells us or answers these vital questions from the shareholders inquiry going out, we will speculate for pages upon pages with no traction. Meanwhile, trolls will show up and attempt to pray on the nerves of investors while they can. As soon as FC shows the numbers and they are not a total train wreck, the share price will sky rocket from it's current position.
You're going to have to wait this out until answers come AND ignore the individuals who have a material benefit from seeing this company fail or the share price fall in the short term. Until we have solid numbers, get use to this.

Very true, but please allow valid approaches given the financial reports we've been given. I don't wanna sound all boasty, but I believe at least I did enough constructive work trying to get information from FC, to be granted the rights to make some conjectures here.

at this point even those reports could look way different. especially the balance sheet since there is just no competitive incentive nor legal obligation to reveal all of the informations..

[minerpumpkin]

It's noteworthy though that April's payments haven't fully come in by now. I believe it is important to secure payments as fast as possible in such a risky business.

Thing is: The projected price originates in January, and we've seen significant delays, a significant increase in consumption, and strong competition. Also, even though we're in a bull market again, the BTC price is still slightly lower than in January, so the incentive to mine hasn't increased. Furthermore there's no indication whatsoever, that the anticipated target prices have been met. There are indicators, though, we're at a price of approximately $0.4/GH/s.
No proof, sure. But all indicators do point in that direction. I used to be pretty AM bullish, remember?

You are being contradictory. How can you one the one hand say that "April's payments haven't fully come in by now" and on the other hand claim that "there's no indication whatsoever, that the anticipated target prices have been met"? So how do you know one or the other?

I mean, it'd be strange if they haven't come in by now, i.e. something else that is troubling. Sorry if this didn't come though.

It is totally true that we don't know anything for sure, but the only things we do know (financial statement), suggests that the price hasn't been met. The aforementioned reasons only add to the probability of the prices not being met (even the April batch).

[minerpumpkin]

Until FC comes here and tells us or answers these vital questions from the shareholders inquiry going out, we will speculate for pages upon pages with no traction. Meanwhile, trolls will show up and attempt to pray on the nerves of investors while they can. As soon as FC shows the numbers and they are not a total train wreck, the share price will sky rocket from it's current position.
You're going to have to wait this out until answers come AND ignore the individuals who have a material benefit from seeing this company fail or the share price fall in the short term. Until we have solid numbers, get use to this.

Very true, but please allow valid approaches given the financial reports we've been given. I don't wanna sound all boasty, but I believe at least I did enough constructive work trying to get information from FC, to be granted the rights to make some conjectures here.

at this point even those reports could look way different. especially the balance sheet since there is just no competitive incentive nor legal obligation to reveal all of the informations..

They may be way off, to the positive or the negative alike.