ASICMINER: Entering the Future of ASIC Mining by Inventing It

[Chris_Sabian]

Here is some information about Spondoolies-Tech:

http://www.3-coin.com/2014-06-09/2753/

With shipping not until September and possibly 0.3-0.4 W/ghash, AM chips in hand today appear to beat them

[RoadStress]

Here is some information about Spondoolies-Tech:

http://www.3-coin.com/2014-06-09/2753/

With shipping not until September and possibly 0.3-0.4 W/ghash, AM chips in hand today appear to beat them

The September batch is what's selling right now, but first SP30 units are supposed to go out at the end of July and also there is another batch that is already sold out for August. Good luck selling 60PH to miners from July onwards!

[minerpumpkin]

Here is some information about Spondoolies-Tech:

http://www.3-coin.com/2014-06-09/2753/

With shipping not until September and possibly 0.3-0.4 W/ghash, AM chips in hand today appear to beat them

The SP-30 is very impressive. But if e.g. XBTec really manage to keep their promises on their BE 200 powered 2 TH/s Pacific 2000 miner (https://bitcointalk.org/index.php?topic=626694.0), those 2-3 months and their also quite competitive price tag should make life more complicated for Spondoolies.

[minerpumpkin]

Here is some information about Spondoolies-Tech:

http://www.3-coin.com/2014-06-09/2753/

With shipping not until September and possibly 0.3-0.4 W/ghash, AM chips in hand today appear to beat them

The September batch is what's selling right now, but first SP30 units are supposed to go out at the end of July and also there is another batch that is already sold out for August. Good luck selling 60PH to miners from July onwards!

Well... 

[mc_lovin]

Update

RK-BOX specs:



Prototype is testing now,here is pics:



First batch production will be done on 24th,and shipping date will be 25th,email sales@rockminer.com or PM me to get more infos.

Thanks for your support.

[freedomno1]

And just in Case anyone was napping and not looking at the Friedcat posts here is the AM_BE200_X24 CAD

The CAD of the mechanical design for X24 has been put in the repo:

https://github.com/blockerupter/AM_Tube

Concept picture:



Suggestions, modifications and brand new designs are all welcome.

[spartan82]

Update

RK-BOX specs:



Prototype is testing now,here is pics:



First batch production will be done on 24th,and shipping date will be 25th,email sales@rockminer.com or PM me to get more infos.

Thanks for your support.

Sexy beast, 1.06W/Gh.. Was hoping for better but fuck me they are selling like hotcakes hey lol

[Franktank]

With the dropping rate of the BTC from the U.S. Gov selling off the 29,656 BTC, does anyone anticipate any significant movement in the mining industry/total network hashrate? Since the drop of the news here, BTC has taken quite a tumble from mid 600 to now upper 500s.

Here is the timeline of event:

June 23rd: Bidder Registration
June 27th: Auction from 6am - 6pm EDT
June 30th: Winners notified
July 1st: Wire Transfer Deadline for Winning Parties

This is not meant to start a flame war about political views or speculation of BTC price in the coming weeks; rather how does this potentially effect all current miners with potential massive price swings in either way. Moreover, does this news mean a change of plans for the end of June and early July?

U.S. Marshall's Announcement of BTC Auction: http://www.usmarshals.gov/assets/2014/bitcoins/

[freedomno1]

With the dropping rate of the BTC from the U.S. Gov selling off the 29,656 BTC, does anyone anticipate any significant movement in the mining industry/total network hashrate? Since the drop of the news here, BTC has taken quite a tumble from mid 600 to now upper 500s.

Here is the timeline of event:

June 23rd: Bidder Registration
June 27th: Auction from 6am - 6pm EDT
June 30th: Winners notified
July 1st: Wire Transfer Deadline for Winning Parties

This is not meant to start a flame war about political views or speculation of BTC price in the coming weeks; rather how does this potentially effect all current miners with potential massive price swings in either way. Moreover, does this news mean a change of plans for the end of June and early July?

U.S. Marshall's Announcement of BTC Auction: http://www.usmarshals.gov/assets/2014/bitcoins/

It might affect the price in the short term, this combined with the increasing fiat conversions due to increasing merchant acceptance, might bring a decreasing price along with a slowing of the hashrate for the short term.

However in the long term increasing merchant adoption and I guess the perception that people with over 200K in liquid assets aka rich people buying Bitcoin and also willing to trade them for fiat will bring increasing recognition.

As to how this affects the mining sphere, it may result in a buildup of extra units or all the positive sentiment might mean more miners joining the network instead, as more people hear about Bitcoin and start seeing it positively.

Kind of like Friedcats chip theory sell chips first have more miners then make their own miners then increase the total users.

So Kind of Wishy-Washy for me not sure which effect will have more impact.
Increasing positive sentiment or perceived divisibility with the FBI for now.

[CanaryInTheMine]

With the dropping rate of the BTC from the U.S. Gov selling off the 29,656 BTC, does anyone anticipate any significant movement in the mining industry/total network hashrate? Since the drop of the news here, BTC has taken quite a tumble from mid 600 to now upper 500s.

Here is the timeline of event:

June 23rd: Bidder Registration
June 27th: Auction from 6am - 6pm EDT
June 30th: Winners notified
July 1st: Wire Transfer Deadline for Winning Parties

This is not meant to start a flame war about political views or speculation of BTC price in the coming weeks; rather how does this potentially effect all current miners with potential massive price swings in either way. Moreover, does this news mean a change of plans for the end of June and early July?

U.S. Marshall's Announcement of BTC Auction: http://www.usmarshals.gov/assets/2014/bitcoins/

in short, it legitimizes B/bitcoin further which helps it for the long run.

[JoTheKhan]

Yeah it really seems like people are selling on good news right now.

Obligatory.. Weak hands something something.

I can only see this as good news and potential fuel to a media frenzy.

"Silk Road X Bitcoin X Global Criminal Drug Operation X FBI X Big Money X Auction"

This story writes itself so I will be a little surprised if news networks don't pick this up when they talk about recent news or economics or stocks or something. There's pretty much a little bit of something in there for everyone. Just the news alone will cause people already in BTC to probably get further into BTC in some sort of anticipation (that may not/probably won't happen). 

[Franktank]

in short, it legitimizes B/bitcoin further which helps it for the long run.

I share the same mindset here also but the original question was aimed more towards the current situation of miners. Roughly speaking, there are hundreds of PH/s that will be coming online in the next couple months. A sudden down swing in price will having miners thinking twice about purchasing and bringing it online while an upswing could potentially send the network into the Exahash region.

Anyone care to share their speculative thoughts on which way it will swing (with semi-substantial rationale) and how AM might react to such a shift?

FYI: The U.S. Gov still owns ~144k Bitcoins so they still have a decent sum left in their wallets.

[Another User]

GHash's actions will force Friedcat's hand, or everyone will be left with worthless hardware.

[101111]

I think the US Gov sell-off is a storm in a teacup. I'd be surprised if there aren't already bids at or above market for the lot. So imho no effect on AM.

[Another User]

AM cannot sit idle much longer, no other entity can scale up in time. The balance must be restored.

[Swordsoffreedom]

I think the US Gov sell-off is a storm in a teacup. I'd be surprised if there aren't already bids at or above market for the lot. So imho no effect on AM.

Well considering they need to wire transfer 200,000 to the exchange before the auction
And that the bidding has a fixed period their probably are no bids yet lol
Until bidding starts that is

As for the hashrate well Friedcat is selling chips so their is always demand for those
Even DIY miners because of the open source project

[data]

How about ASICMINER tries to use this auction to scoop up some below market BTC? Alternatively push the price to market rates?

[101111]

I think the US Gov sell-off is a storm in a teacup. I'd be surprised if there aren't already bids at or above market for the lot. So imho no effect on AM.

Well considering they need to wire transfer 200,000 to the exchange before the auction
And that the bidding has a fixed period their probably are no bids yet lol
Until bidding starts that is

As for the hashrate well Friedcat is selling chips so their is always demand for those
Even DIY miners because of the open source project

Registration opens 23rd; I should have more explicitly stated bids prepared and ready to register. The point was the effect on AM though.

edit: such as these guys http://bitcoinvox.com/article/239/investment-firm-to-bid-for-seized-silk-road-bitcoins

[necro_nemesis]

in short, it legitimizes B/bitcoin further which helps it for the long run.

I share the same mindset here also but the original question was aimed more towards the current situation of miners. Roughly speaking, there are hundreds of PH/s that will be coming online in the next couple months. A sudden down swing in price will having miners thinking twice about purchasing and bringing it online while an upswing could potentially send the network into the Exahash region.

Anyone care to share their speculative thoughts on which way it will swing (with semi-substantial rationale) and how AM might react to such a shift?

FYI: The U.S. Gov still owns ~144k Bitcoins so they still have a decent sum left in their wallets.

AM is one of the few entities in position to compete through self mining if selling miners becomes questionable. They have the ability to cut out all the added incremental costs of supplying miners and employ their own product at lower startup costs if necessary. I believe with the cost of building miners we are still a ways from that point and the price of miners is currently set by what the market will accept while maximizing profits. This may be a reason to push for Gen4 sooner than later as efficiency will become an even more significant factor if the margins become so tight that the arms race is data center vs data center.

[chriswilmer]

I see a market opportunity for "defensive" mining opening up with all of this GHash based fear...