ASICMINER: Entering the Future of ASIC Mining by Inventing It

[KS]

Progress Update 23 Jun 2014:

Here is a first progress update since the original announcement of DataTank Mining
   
• We are in discussion with a manufacturer to provide ASIC hardware in return for DataTank capacity. This is an unexpected turn of events, but it may prove to be a very important development...

Is this bad for AM?

If that ASIC manufacturer is AM, then its good, since FC is swimming in chips right now.

FTFY. This might prove an important distinction.

[raskul]

Progress Update 23 Jun 2014:

Here is a first progress update since the original announcement of DataTank Mining
   
• We are in discussion with a manufacturer to provide ASIC hardware in return for DataTank capacity. This is an unexpected turn of events, but it may prove to be a very important development...

Is this bad for AM?

If that ASIC manufacturer is AM, then its good, since FC is swimming in chips right now.

free chips for an immersion mine. I .. can't see the business benefits in this, whatsoever.

[minerpumpkin]

Progress Update 23 Jun 2014:

Here is a first progress update since the original announcement of DataTank Mining
   
• We are in discussion with a manufacturer to provide ASIC hardware in return for DataTank capacity. This is an unexpected turn of events, but it may prove to be a very important development...

Is this bad for AM?

If that ASIC manufacturer is AM, then its good, since FC is swimming in chips right now.

free chips for an immersion mine. I .. can't see the business benefits in this, whatsoever.

Franchised mining

[mc_lovin]

Progress Update 23 Jun 2014:

Here is a first progress update since the original announcement of DataTank Mining
   
• We are in discussion with a manufacturer to provide ASIC hardware in return for DataTank capacity. This is an unexpected turn of events, but it may prove to be a very important development...

Is this bad for AM?

If that ASIC manufacturer is AM, then its good, since FC is swimming in chips right now.

free chips for an immersion mine. I .. can't see the business benefits in this, whatsoever.

Franchised mining

True!

Also it could be BTC Garden, Rockminer, etc..  Some other AM-party.

[raskul]

Progress Update 23 Jun 2014:

Here is a first progress update since the original announcement of DataTank Mining
   
• We are in discussion with a manufacturer to provide ASIC hardware in return for DataTank capacity. This is an unexpected turn of events, but it may prove to be a very important development...

Is this bad for AM?

If that ASIC manufacturer is AM, then its good, since FC is swimming in chips right now.

free chips for an immersion mine. I .. can't see the business benefits in this, whatsoever.

Franchised mining

can you elaborate? I also don't see a franchise in it - I franchise out a portion of one of my businesses, on the basis that the business name draws more business towards the franchise, for this, my franchisee pays me a franchise fee once every ten years - for it to be a franchise, I get paid - albeit payments for the franchising of my business are far and wide, but.. i get paid.

whoever are supplying the chips, are not getting paid, so - this is what you see as a franchise? strange.

[minerpumpkin]

Franchised mining

can you elaborate? I also don't see a franchise in it - I franchise out a portion of one of my businesses, on the basis that the business name draws more business towards the franchise, for this, my franchisee pays me a franchise fee once every ten years - for it to be a franchise, I get paid - albeit payments for the franchising of my business are far and wide, but.. i get paid.

whoever are supplying the chips, are not getting paid, so - this is what you see as a franchise? strange.

It could be the old 80/20 franchised mining model AM did in the past. AM has a lot of chips, they can produce very cheaply. If they provide a certain amount of chips or blades to DataTank for free, they could receive e.g. a certain amount of hashing power from them (mining income).

[bitcoin.newsfeed]

as we don't have official PR guy, we can speculate like always : *Maybe* FC has hard times to sell these 60Ph of chips and DataTank has hard times to get money together for buying chips. Perfect match

Also DataTank is talking about DataTank capacity, so it could be just hosted AM farm in DataTank facility.

[minerpumpkin]

According to the wording I guess it's merely the actual producer of the board/blades/whatever. But this is pure speculation, like always around here  .

[raskul]

Franchised mining

can you elaborate? I also don't see a franchise in it - I franchise out a portion of one of my businesses, on the basis that the business name draws more business towards the franchise, for this, my franchisee pays me a franchise fee once every ten years - for it to be a franchise, I get paid - albeit payments for the franchising of my business are far and wide, but.. i get paid.

whoever are supplying the chips, are not getting paid, so - this is what you see as a franchise? strange.

It could be the old 80/20 franchised mining model AM did in the past. AM has a lot of chips, they can produce very cheaply. If they provide a certain amount of chips or blades to DataTank for free, they could receive e.g. a certain amount of hashing power from them (mining income).

this would certainly make some sense, for DataTank - since they would be getting chips at a next-to-nothing cost. Can't see it as a very beneficial endeavour for AM, however; that times have certainly changed and the network isn't as easily permeable as it used to be. Tough times for us all, indeed.

[hdbuck]

Franchised mining

can you elaborate? I also don't see a franchise in it - I franchise out a portion of one of my businesses, on the basis that the business name draws more business towards the franchise, for this, my franchisee pays me a franchise fee once every ten years - for it to be a franchise, I get paid - albeit payments for the franchising of my business are far and wide, but.. i get paid.

whoever are supplying the chips, are not getting paid, so - this is what you see as a franchise? strange.

It could be the old 80/20 franchised mining model AM did in the past. AM has a lot of chips, they can produce very cheaply. If they provide a certain amount of chips or blades to DataTank for free, they could receive e.g. a certain amount of hashing power from them (mining income).

now i'd very much appreciate an update (if not a confirmation) by FC or a trustable board member on this.

edit: or maybe for the next round of questions?

edit edit: or just skip it all and get some unexpected divs?

[bitcoin.newsfeed]

edit: or maybe for the next round of questions?

Sure, try to formulate question, i am still gathering them, still one week to go, questions will be send to our CEO 1st of July 2014, also I'll write here what I got so far in following days.

[minerpumpkin]

Cracked the case:

7) What is the status of self mining? What is the rollout schedule for the data centers?

8 ) What is the status of franchising partners? When can we expect to see income from them?

We will report the more detailed status to the board first. The short answer is that deploying and financing is easy while getting cheap electricity and proper device solution takes time. When we have farms running we can update the related information with real time hash rate.

[hdbuck]

Cracked the case:

7) What is the status of self mining? What is the rollout schedule for the data centers?

8 ) What is the status of franchising partners? When can we expect to see income from them?

We will report the more detailed status to the board first. The short answer is that deploying and financing is easy while getting cheap electricity and proper device solution takes time. When we have farms running we can update the related information with real time hash rate.

+

Progress Update 23 Jun 2014:

Here is a first progress update since the original announcement of DataTank Mining last week.

• We are in discussion with a manufacturer to provide ASIC hardware in return for DataTank capacity. This is an unexpected turn of events, but it may prove to be a very important development with the potential to (a) reduce the need to finance chips and outlay required at the time of deployment, and (b) to speed up the production pipeline earlier than expected. We have agreed not to post details before a consensus is reached. (hence no communication from FC) How this affects existing and future DTMA holders will remain to be seen when we have results.
   
• We have also received inquires for exclusive partnerships from two different known parties in the mining space, and at least one of them is seriously considered at the moment. (helloooo AM!)

Several questions have been raised in regards to the choice of locations. (AM and datatank both working on electricity and location matters) We would like to comment as follows:

• DataTank Mining is not fixed on a specific location (such as the USA) and can deploy in parallel if required, even internationally (minimum requirement for DataTank Mining systems is power feed and internet, deployment of containers can be indoors or outdoors).

• Next to pure electricity prices, consideration is given to other factors such as long term (and political) stability, unrestricted trade and access for staff and also local resources and talented personnel available.

too soon?!

[JoTheKhan]

I could be wrong, but I think Spon has shown interest.

[hdbuck]

I could be wrong, but I think Spon has shown interest.

maybe but AM and Datatank have been collaborating for a while now. things are just getting alined perfectly. chips are out, boards are following, IPOs blossoming... bitcoin eclipse to come!   

[JoTheKhan]

I could be wrong, but I think Spon has shown interest.

maybe but AM and Datatank have been collaborating for a while now. things are just getting alined perfectly. chips are out, boards are following, IPOs blossoming... bitcoin eclipse to come!   

Yeah but Datatank used the word unexpected AM was expected. Spon was not. You've just made that clear.

[hdbuck]

I could be wrong, but I think Spon has shown interest.

maybe but AM and Datatank have been collaborating for a while now. things are just getting alined perfectly. chips are out, boards are following, IPOs blossoming... bitcoin eclipse to come!    

Yeah but Datatank used the word unexpected AM was expected. Spon was not. You've just made that clear.

it was unexpected for datatank to become a franchisee. thats all.

pls read again:

We are in discussion with a manufacturer to provide ASIC hardware in return for DataTank capacity. This is an unexpected turn of events, but it may prove to be a very important development with the potential to (a) reduce the need to finance chips and outlay required at the time of deployment, and (b) to speed up the production pipeline earlier than expected.

dude its been more than 6 months that AM and datatanks are collaborating... they had plenty of time to "sniff up their asses" (pardon the expression but i couldn't put it in other words) before pushing their collaboration further...  

before today, we didnt even had a clue as to what AM and datatank would do together. now things are getting a bit more out of the blur.

edit: needless to say that AM are on full in-stock capacity right now... i wouldnt know about spondo.. they have plenty of SP30 yet to be delivered..

[ryepdx]

Could DataTank host other miners as well, in theory? As long as we're speculating, Hashfast would be both possible and unexpected. They're sitting on a lot of inventory and next to zero capital, so a deal like this would seem right up their alley. Not sure how the bankruptcy proceedings might affect/obstruct that sort of thing, though.

[minerpumpkin]

I believe we should at least prepare for that new manufacturer being someone other than AM. In their initial statement they wrote:

Due to our past experience with ASICMiner, we are committed to using ASICMiner hardware for our own capacity, until we see a reason not to.

They're talking about some new mysterious player. This either means that they'll be switching to another chips provider, an additional one who just wants to host something, or someone supplying them with boards using AM chips (best case).
I wouldn't bet on that, though. But keep in mind that this is in no way a dealbreaker for AM, in my opinion.

[minerpumpkin]

Could DataTank host other miners as well, in theory? As long as we're speculating, Hashfast would be both possible and unexpected. They're sitting on a lot of inventory and next to zero capital, so a deal like this would seem right up their alley. Not sure how the bankruptcy proceedings might affect/obstruct that sort of thing, though.

Due to our past experience with ASICMiner, we are committed to using ASICMiner hardware for our own capacity, until we see a reason not to. DataTank systems are compatible with any hardware, including with chips from Spondoolies Tech, InnoSilicon, Hashra, HashFast, GridSeed, Cointerra, Butterfly Labs, Bitfury, Alcheminer, Avalon, ASICminer and more. Bitcoin,