ASICMINER: Entering the Future of ASIC Mining by Inventing It

[NotLambchop]

^You're right.  For every John Montroll there's a Danny Brewster.

[1715132147]

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[Adrian-x]

where is ASICminers hashing going?

I see the hashrate go up but when i look here http://bitcoin.sipa.be/speed-lin-ever.png (its crazy)

and i don't see ASICminer here https://blockchain.info/pools

any help?

[jamesg]

where is ASICminers hashing going?

I see the hashrate go up but when i look here http://bitcoin.sipa.be/speed-lin-ever.png (its crazy)

and i don't see ASICminer here https://blockchain.info/pools

any help?

http://blockorigin.pfoe.be/top.php

ASICminer has not found a block in the last 2016...

[shawshankinmate37927]

Just-Dice is gone.

This might turn out to be good timing if AM starts paying dividends again.  A lot of those JD investors could very well be looking for another way to invest their BTC.

[Swordsoffreedom]

Just-Dice is gone.

This might turn out to be good timing if AM starts paying dividends again.  A lot of those JD investors could very well be looking for another way to invest their BTC.

This just-dice is a very good investment only one that had a fairly stable ROI with its 1% house edge
Unless you invested at Nakowas peak then it probably hurt if you divested.
Anyways if AM starts paying div's again they definitely could get some market traction from the 50,000 or so Bitcoin that moved out of there.
Or was it 500,000 forget.

[Adrian-x]

where is ASICminers hashing going?

I see the hashrate go up but when i look here http://bitcoin.sipa.be/speed-lin-ever.png (its crazy)

and i don't see ASICminer here https://blockchain.info/pools

any help?

http://blockorigin.pfoe.be/top.php

ASICminer has not found a block in the last 2016...

WOW that's about 2 weeks with no luck, (where is all this new Hashrate coming from surly some of those Gen3 ASIC's are mining somewhere)

Jumping back in history, ASICminer went solo when they contributed to BTC Guild's +40% total hashrate, at the time that was an issue.

to whomever communicates with Fried Cat, can we ask why aren't we using the Gen1 ASIC's pool mining with BTC Guild or P2Pool now that the domination issue is irreverent?  

[CMMPro]

Maybe because gen1 hardware isn't profitable to run any more?  More electricity than returns are worth...

Ask yourself if it is profitable to run a USB eruptor? Now scale it up a million times...still not profitable.

[feifa]

Zhao Dong (Hashratio  CEO) said AM has cooperated with Hashratio to buid farm

[szmarco]

Zhao Dong (Hashratio  CEO) said AM has cooperated with Hashratio to buid farm

source？

[feifa]

Zhao Dong (Hashratio  CEO) said AM has cooperated with Hashratio to buid farm

source？

He said in Hashratio QQ group(326548639)

In Chinese:
赵东@hashratio(17898487) 0:03:15
是的。烤猫也放弃从芯片上赚钱，转为从后期联合挖矿获取收益
赵东@hashratio(17898487) 0:03:44
同时，烤猫把国内的芯片总代理权授予给我。

Translate in English
Zhao Dong@hashratio(17898487) 0:03:15
Yeah。FC give up the profit from selling the chip to hashratio, will obtain income from  United Mining
Zhao Dong@hashratio(17898487) 0:03:44
Meanwhile，FC granted the general agency of sales in China to me

[JoTheKhan]

Zhao Dong (Hashratio  CEO) said AM has cooperated with Hashratio to buid farm

source？

He said in Hashratio QQ group(326548639)

In Chinese:
赵东@hashratio(17898487) 0:03:15
是的。烤猫也放弃从芯片上赚钱，转为从后期联合挖矿获取收益
赵东@hashratio(17898487) 0:03:44
同时，烤猫把国内的芯片总代理权授予给我。

Translate in English
Zhao Dong@hashratio(17898487) 0:03:15
Yeah。FC give up the profit from selling the chip to hashratio, will obtain income from  United Mining
Zhao Dong@hashratio(17898487) 0:03:44
Meanwhile，FC granted the general agency of sales in China to me

This would coincide with Spon's statement and something that I figured was happening. AM isn't just selling chips at cost, but they are selling chips at cost as part of a deal. I guess this is franchising?

@Feifa did they list an amount of PH? You posted a .72PH farm from them already, wondering if this is the extent of the deal. (So from assumptions/rumors going around this website it would seem that AM is making deals with DataTank and HashRatio then. Is this good news or bad?)

[cs54]

Like this? https://www.youtube.com/watch?v=Mcagp8GdpH0

[feifa]

Zhao Dong (Hashratio  CEO) said AM has cooperated with Hashratio to buid farm

source？

He said in Hashratio QQ group(326548639)

In Chinese:
赵东@hashratio(17898487) 0:03:15
是的。烤猫也放弃从芯片上赚钱，转为从后期联合挖矿获取收益
赵东@hashratio(17898487) 0:03:44
同时，烤猫把国内的芯片总代理权授予给我。

Translate in English
Zhao Dong@hashratio(17898487) 0:03:15
Yeah。FC give up the profit from selling the chip to hashratio, will obtain income from  United Mining
Zhao Dong@hashratio(17898487) 0:03:44
Meanwhile，FC granted the general agency of sales in China to me

This would coincide with Spon's statement and something that I figured was happening. AM isn't just selling chips at cost, but they are selling chips at cost as part of a deal. I guess this is franchising?

@Feifa did they list an amount of PH? You posted a .72PH farm from them already, wondering if this is the extent of the deal. (So from assumptions/rumors going around this website it would seem that AM is making deals with DataTank and HashRatio then. Is this good news or bad?)

Zhaodong doesn't mention the amout of PH.
He is crowdfunding 20Million CNY for building another farm.

[Anotheranonlol]

@Feifa did they list an amount of PH? You posted a .72PH farm from them already, wondering if this is the extent of the deal. (So from assumptions/rumors going around this website it would seem that AM is making deals with DataTank and HashRatio then. Is this good news or bad?)

and now he reveal a radical new direction in business  

WDK:  16:14:00
东哥也玩山寨了
黑虫子:  16:15:21
为什么看好狗币啊
赵东@hashratio:  16:16:36
狗币好玩啊。社区做得好
赵东@hashratio:  16:16:45
LTC目前只有投机价值
黑虫子:  16:17:02
我感觉LTC的应用很少..
bbc2008:  16:18:07
恩恩，ltc已经感受到来自狗币的压力了
赵东@hashratio:  16:18:26
狗币社区其实很牛逼，虽然开发很垃圾
赵东@hashratio:  16:18:47
我觉得，也许往后，LTC会后悔没有和狗币合并算力

[Guy Corem]

...
This would coincide with Spon's statement and something that I figured was happening. AM isn't just selling chips at cost, but they are selling chips at cost as part of a deal.
...

The information came from two different big systems integrators, not farm builders.
The explanation that was gave is that the ASIC is obsolete and they need to clear stock.

[JoTheKhan]

...
This would coincide with Spon's statement and something that I figured was happening. AM isn't just selling chips at cost, but they are selling chips at cost as part of a deal.
...

The information came from two different big systems integrators, not farm builders.
The explanation that was gave is that the ASIC is obsolete and they need to clear stock.

AM Gen3 is Obsolete and they need to clear stock? Of their new Gen Chip? Selling at cost isn't clearing stock. That's liquidating.

[bitcoin.newsfeed]

WDK:  16:14:00
东哥也玩山寨了
黑虫子:  16:15:21
为什么看好狗币啊
赵东@hashratio:  16:16:36
狗币好玩啊。社区做得好
赵东@hashratio:  16:16:45
LTC目前只有投机价值
黑虫子:  16:17:02
我感觉LTC的应用很少..
bbc2008:  16:18:07
恩恩，ltc已经感受到来自狗币的压力了
赵东@hashratio:  16:18:26
狗币社区其实很牛逼，虽然开发很垃圾
赵东@hashratio:  16:18:47
我觉得，也许往后，LTC会后悔没有和狗币合并算力

Translation :

WDK: 16:14:00
East Columbia also play cottage
? Black insects: 16:15:21
Why is optimistic about the dog coins ah
Zhao @ hashratio: 16:16:36
Dogs currency fun ah. Community well done
Zhao @ hashratio: 16:16:45
LTC currently only speculative value
? Black insects: 16:17:02
I feel LTC applications rarely ..
bbc2008: 16:18:07
Blessings, ltc have felt the pressure from the currency of the dog
Zhao @ hashratio: 16:18:26
Dogs currency community is actually very fast hardware, although the development is rubbish
Zhao @ hashratio: 16:18:47
I think, maybe later, LTC and dogs will regret not count coins combined force

Discussing LTC and DOGE mining? Are they mad or just plain stupid?  

Like this? https://www.youtube.com/watch?v=Mcagp8GdpH0

Looking on that smiley Chinese faces is telling me : Haha, look how we fucked our investors.

[raskul]

Zhao Dong (Hashratio  CEO) said AM has cooperated with Hashratio to buid farm

source？

He said in Hashratio QQ group(326548639)

In Chinese:
赵东@hashratio(17898487) 0:03:15
是的。烤猫也放弃从芯片上赚钱，转为从后期联合挖矿获取收益
赵东@hashratio(17898487) 0:03:44
同时，烤猫把国内的芯片总代理权授予给我。

Translate in English
Zhao Dong@hashratio(17898487) 0:03:15
Yeah。FC give up the profit from selling the chip to hashratio, will obtain income from  United Mining
Zhao Dong@hashratio(17898487) 0:03:44
Meanwhile，FC granted the general agency of sales in China to me

This would coincide with Spon's statement and something that I figured was happening. AM isn't just selling chips at cost, but they are selling chips at cost as part of a deal. I guess this is franchising?

@Feifa did they list an amount of PH? You posted a .72PH farm from them already, wondering if this is the extent of the deal. (So from assumptions/rumors going around this website it would seem that AM is making deals with DataTank and HashRatio then. Is this good news or bad?)

Franchising requires some form of up front and recurring payment, the franchisee sees benefit in the brand and expects profit because of the strength of the brand. What AM are doing, is more like cloud hashing with their own chips. You don't franchise a product, you franchise a business model.
This cloud hashing is probably good news if you are AM - as they are going to be able to see something of a return from their newest chips but wouldn't it be more prudent just to build it all themselves, as opposed to handing it over to a third party?

[bitcoin.newsfeed]

Next round of shareholders questions July 2014 - gathering

Dear shareholders,

we've gathered 10 questions so far, still 2days until forwarding them to Friedcat. If you want to add something, don't hesitate to write it here, or in PM. Closing time for this round of questions is 29th of June 2014 12:00 UTC +01:00

*The closing time was moved because of practical reasons

1) Could you please provide an estimate on:
- When the next dividend can be expected ?
- When ASICminer will become cash-flow positive ?

2) Regarding self-mining and franchising:
- What is the current status of self mining and franchising ?
- What partners are and will be working with ASICminer ?
- What do the respective partnership agreements entail ?
- How many PH (including percentages from franchising) will -directly- contribute to ASICminer mining income ?

3) How many PH/s of gen 3 have already been sold/shipped by now ?

4) Has the "60 PH/s batch" progressed any further ? When is it supposed to be completely done ? How much has already been sold ?

5) Given the ratio of 1/3 retained and 2/3 paid out of the revenue, is this after deducting costs for upcoming batches/expenses or are those part of the 1/3 of retained capital ?

6) AM sells chips to multiple mining companies including Rockminer, Datatank, Bitgarden, Hashratio is it possible to get some clarity on the relationships AM has with different groups ?

7) Is Asicminer selling chips at cost already ? Rumors have been going around that it is known in China that the chips are being sold at cost. Can we please have a confirm/deny on these rumors and explanation why ?

8 ) The last post mentioned that average sales cost is about .5$/gh, is this still the average ?

9) Regarding Gen 4, can you give us rough (plus/minus a month or two) estimates on:
- When tape-out is expected ?
- When production is expected ?
- When the first chips will be in hand ?

10) Personal question from shareholder freedomno1 : Hi friedcat I have been receiving several requests for replacement baseboards/ power boards and parts for the block erupter cube and was wondering if their is a repair service or parts store available that I can relay to those individuals to contact with if something breaks.

[aahzmundus]

Sounds like FC wants to really step up franchised mining from what I am seeing.  Give someone the chips, arrange some 80/20 (or something) profit share from the hardware and be done with it.  No need to convert CNY or USD to BTC, you build up relationships with your customers... you take on part of the ROI risk so that both parties are hurt if chips do not ROI.

If this is the case, I think this is the best option.  It builds trust and is a way of AM to stand behind their product.

Lots of people are complaining on reddit that ASIC manufactures know their chips wont ROI and that they are basically scammers, this kind of partnership squashes that argument.

Friedcat for President!