ASICMINER: Entering the Future of ASIC Mining by Inventing It

[Evolyn]

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?

[RoadStress]

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?

[jimmothy]

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.

[CanaryInTheMine]

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

[RoadStress]

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.

[aahzmundus]

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.

[necro_nemesis]

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.

[irritant]

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 ?

[aahzmundus]

https://bitcointalk.org/index.php?topic=456691.0 ?

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.

[bitcoin.newsfeed]

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.

[RoadStress]

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.

[bitsalame]

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

[necro_nemesis]

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.

[RoadStress]

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.

[Zubilica]

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

[rudi]

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]

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

Keep in mind that ability do not imply obligation.

[arousedrhino]

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.

[data]

How about keeping a bit more cash reserve? Makes me nervous seeing that we were at close to zero with lots of stock. That's how you go broke although you don't need to?
I am in for the long run here. Paying dividends necessarily weakens a company, because they could spent it on expansion, building their own datacenters or anything like that. I'd rather have a high rate of reinvestment, but then I don't have all the information.

[spartan82]

Why not just keep pumping the money back into the company and receive yearly dividends every Christmas? I'm all for it keep the funds FC, make it a fatter payout at the end of the year for us lol