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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3901078 times)
aahzmundus
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June 18, 2014, 08:53:23 AM
 #20941

If each of the long holders would commit to purchasing 1 share per day or week or whatever, then the stock price would rebound... but then again, that would be no better gauge of the actual market value of the asset then we have now.

Back on BCTC, I did 100% dividend reinvestment... I have always wondered why HL did not have that option (unless they do and I do not see it).  I suppose the lack of dividends to re-invest could be a major cause of the low price.  I sell a few shares now and then to diversify into other holdings, like I may do with DataTank, and without Dividend reinvestment, I am not buying those shares back.

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June 18, 2014, 09:14:47 AM
 #20942

Bitmains new 28nm chip announcement: https://bitcointalk.org/index.php?topic=656461

Looks decent. Quite a bit less efficient than I expected but much sooner.

I perceive the chart they posted as very telling of how they operate through thier efforts of forecasting profitability. As I stated before system pricing is set as a function of offering just enough incentive to buy. Bitmain has continually carefully price adjusted to changing market conditions and watching the history of the S1's pricing gave insight into just how much margin there initially was and how inexpensively it could be manufactured. The take away is mining equipment is only as competitive and lucrative as the manufacturers make it and miners accept all risk of the network expanding more quickly than before. As more of these large mining operations come online that risk of more rapidly increasing becomes higher. I would prefer to be on the side of people that control this situation than out on my own at the mercy of the situation.
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June 18, 2014, 09:34:04 AM
 #20943

I'm a bit confused. I was read the term 80/20 and franchising several times now. Will the container or 'tanks' just be sold or only sold for franchising?

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June 18, 2014, 02:49:22 PM
 #20944

They have a goal of 5 1.4mw containers and up to 10.

That would be 10-20ph worth of chips.

Also they somehow managed to get electricity costs all the way down to $0.02/kwh which is perfect for franchising. I'm hoping for at least 10-20ph.


20PH=0.35W/GH. How did you get this number? Has it been proven in a DataTank environment?

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June 18, 2014, 03:01:16 PM
 #20945

They have a goal of 5 1.4mw containers and up to 10.

That would be 10-20ph worth of chips.

Also they somehow managed to get electricity costs all the way down to $0.02/kwh which is perfect for franchising. I'm hoping for at least 10-20ph.


20PH=0.35W/GH. How did you get this number? Has it been proven in a DataTank environment?

I misspoke it should be 1.2MW/container.

20PH at 12MW is 0.6w/gh and yes it has been tested.
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June 18, 2014, 04:01:25 PM
 #20946

Bitmains new 28nm chip announcement: https://bitcointalk.org/index.php?topic=656461

Looks decent. Quite a bit less efficient than I expected but much sooner.
friedcat should seriously consider manufacturing the X24 boxes to counter bitmain.  he can have an order of X24s going within days at a factory...  waiting for other manufacturers only gives more time to AM competition to make and sell their wares
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June 18, 2014, 05:24:36 PM
 #20947

They have a goal of 5 1.4mw containers and up to 10.

That would be 10-20ph worth of chips.

Also they somehow managed to get electricity costs all the way down to $0.02/kwh which is perfect for franchising. I'm hoping for at least 10-20ph.


20PH=0.35W/GH. How did you get this number? Has it been proven in a DataTank environment?

I misspoke it should be 1.2MW/container.

20PH at 12MW is 0.6w/gh and yes it has been tested.

Well that only means that you could fit 30PH which is 50% more hashrate using SP30 chips.

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June 18, 2014, 11:50:38 PM
 #20948

Anyone have a good quick comparison chart of current mining ASIC's or fully assembled hardware on offer?  I am curious to see how AM offers stand up.  I know people like Jimmothy and Canary follow all that news far closer, where as I barely find time to keep up with this thread and reddit.

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June 19, 2014, 12:32:15 AM
 #20949

Bitmains new 28nm chip announcement: https://bitcointalk.org/index.php?topic=656461

Looks decent. Quite a bit less efficient than I expected but much sooner.
friedcat should seriously consider manufacturing the X24 boxes to counter bitmain.  he can have an order of X24s going within days at a factory...  waiting for other manufacturers only gives more time to AM competition to make and sell their wares

Having full control over pricing product will allow them to compete with Bitmain's "spot price" approach. Bitmain has been successful through rapidly adjusting price to market conditions by providing a total solution. Although ASIC sales may mean greater initial margins it may not result in the volume at which profitability is optimized. The problem is you immediately compete with the companies you supply and those appear to be significant.
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June 19, 2014, 01:02:40 AM
 #20950

Anyone have a good quick comparison chart of current mining ASIC's or fully assembled hardware on offer?  I am curious to see how AM offers stand up.  I know people like Jimmothy and Canary follow all that news far closer, where as I barely find time to keep up with this thread and reddit.

https://bitcointalk.org/index.php?topic=456691.0 ?
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June 19, 2014, 01:24:14 AM
 #20951


Definitely a step in the right direction to what I was looking for.  I more care about j/GH and chip cost, but now I at least have a good page with links to relevant posts.

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June 19, 2014, 07:32:45 AM
Last edit: June 19, 2014, 07:45:55 AM by bitcoin.newsfeed
 #20952

Where are dividends  ? ? ?

price per Gh/s   0,49$ < minimum price tag
production cost Gh/s   0,2$ < maximum possible price tag

April batch # of chips   850 000 ... sold for 4 165 000$ > REINVESTED (~2 082 500 chips)
May batch # of chips   3 350 000(plan) ... sold for 16 415 000$ > REINVESTED (~8 207 500 chips) surplus of 1 507 500 chips or 3M$
June batch # of chips 6 700 000(plan) ... sold for 32 830 000$ > ? ? ?

Right now around minimum of 36 millions $ are somewhere

lets reserve capital for next July batch of lets say 7 000 000 chips , that's 14M maximum ... so there are 22M $ waiting to hit dividends this month, or ~0.1 BTC/share , there is absolutely no reason to withholding them for any longer.

How can someone think about august? There is no reason. Explain.

... Question Everything, Believe Nothing ...
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June 19, 2014, 07:48:56 AM
 #20953

Where are dividends  ? ? ?
..............

Right now around minimum of 36 millions $ are somewhere

You are assuming that all chips are sold which is simply wrong. It will take A LOT of time until all chips will sell.

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bitsalame
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June 19, 2014, 09:36:45 AM
 #20954

Where are dividends  ? ? ?

price per Gh/s   0,49$ < minimum price tag
production cost Gh/s   0,2$ < maximum possible price tag

April batch # of chips   850 000 ... sold for 4 165 000$ > REINVESTED (~2 082 500 chips)
May batch # of chips   3 350 000(plan) ... sold for 16 415 000$ > REINVESTED (~8 207 500 chips) surplus of 1 507 500 chips or 3M$
June batch # of chips 6 700 000(plan) ... sold for 32 830 000$ > ? ? ?

Right now around minimum of 36 millions $ are somewhere

lets reserve capital for next July batch of lets say 7 000 000 chips , that's 14M maximum ... so there are 22M $ waiting to hit dividends this month, or ~0.1 BTC/share , there is absolutely no reason to withholding them for any longer.

How can someone think about august? There is no reason. Explain.

Let them keep reinvesting until they can distribute 1 btc per share Cheesy
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June 19, 2014, 09:43:55 AM
 #20955

Where are dividends  ? ? ?
..............

Right now around minimum of 36 millions $ are somewhere

You are assuming that all chips are sold which is simply wrong. It will take A LOT of time until all chips will sell.

Your assuming they didn't sell or go into mining or franchising. Both are assumptions to be taken as merely that. Along that same vien Spoondoolies future chip specifications and availability are merely assumptions until they physically exist.
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June 19, 2014, 09:51:57 AM
 #20956

Where are dividends  ? ? ?
..............

Right now around minimum of 36 millions $ are somewhere

You are assuming that all chips are sold which is simply wrong. It will take A LOT of time until all chips will sell.

Your assuming they didn't sell or go into mining or franchising. Both are assumptions to be taken as merely that. Along that same vien Spoondoolies future chip specifications and availability are merely assumptions until they physically exist.

If they already sold 60PH worth of chips then you should get some dividends, but you aren't getting anything for the moment so that means that either FC re-invested all the money or that the chips didn't sell. It's easy.

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June 19, 2014, 10:03:07 AM
 #20957

ooo but they have the $ the only thing now is to buy BTC , it may take up to 6 months btw.

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June 19, 2014, 11:36:47 AM
 #20958

ooo but they have the $ the only thing now is to buy BTC , it may take up to 6 months btw.

Could you please elaborate?
ZephramC
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June 19, 2014, 01:13:25 PM
 #20959

Where are dividends  ? ? ?

price per Gh/s   0,49$ < minimum price tag
production cost Gh/s   0,2$ < maximum possible price tag

April batch # of chips   850 000 ... sold for 4 165 000$ > REINVESTED (~2 082 500 chips)
May batch # of chips   3 350 000(plan) ... sold for 16 415 000$ > REINVESTED (~8 207 500 chips) surplus of 1 507 500 chips or 3M$
June batch # of chips 6 700 000(plan) ... sold for 32 830 000$ > ? ? ?

Right now around minimum of 36 millions $ are somewhere

lets reserve capital for next July batch of lets say 7 000 000 chips , that's 14M maximum ... so there are 22M $ waiting to hit dividends this month, or ~0.1 BTC/share , there is absolutely no reason to withholding them for any longer.

How can someone think about august? There is no reason. Explain.

Let them keep reinvesting until they can distribute 1 btc per share Cheesy

Keep in mind that ability do not imply obligation.
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June 19, 2014, 01:31:03 PM
 #20960

Where are dividends  ? ? ?

price per Gh/s   0,49$ < minimum price tag
production cost Gh/s   0,2$ < maximum possible price tag

April batch # of chips   850 000 ... sold for 4 165 000$ > REINVESTED (~2 082 500 chips)
May batch # of chips   3 350 000(plan) ... sold for 16 415 000$ > REINVESTED (~8 207 500 chips) surplus of 1 507 500 chips or 3M$
June batch # of chips 6 700 000(plan) ... sold for 32 830 000$ > ? ? ?

Right now around minimum of 36 millions $ are somewhere

lets reserve capital for next July batch of lets say 7 000 000 chips , that's 14M maximum ... so there are 22M $ waiting to hit dividends this month, or ~0.1 BTC/share , there is absolutely no reason to withholding them for any longer.

How can someone think about august? There is no reason. Explain.

FC ran away with them! OMG hes right lets all panic!

Why is August unreasonable? There are pains exchanging fiat to BTC in China so once there is positive cash flow there will be a delay to covert the fiat to BTC.
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