ASICMINER: Entering the Future of ASIC Mining by Inventing It

[bitcoiner49er]

Datatank also confirmed ASICminer chips are being used in their first tank.
https://bitcointalk.org/index.php?topic=655464.msg7713945#msg7713945

[NotLambchop]

^And now you don't have to worry about AM being sold to buy into DataTank's IPO.  Dat IPO's no mo.

[aahzmundus]

Well the DataTank news is good for AM shareholders I would imagine, now if you want some of that action, you basically only have the option of investing in AM at the moment.

[Swordsoffreedom]

Well the DataTank news is good for AM shareholders I would imagine, now if you want some of that action, you basically only have the option of investing in AM at the moment.

Yep since indirect investment in Datatank can be had by buying AM shares due to Chip Sales
Also hope that we do get an update sooner than later although learning of more suppliers and chips being used is always nice.

[kingcrimson]

Anyone still waiting for transfers to havelock? put in request in early june

[lophie]

I am desperately waiting for the dividents and I hope at least a sniff of a div because I am really pushed to the point I might cash a couple of dozens of shares.....

[Blazed]

Is AM really selling chips at near cost?  The formula AM uses for franchising seems really risky to the franchisee.  Where would these divs come from at this point?

[itamidensha]

Is AM really selling chips at near cost?  The formula AM uses for franchising seems really risky to the franchisee.  Where would these divs come from at this point?

I don't put a lot of faith in this "AM　selling chips at cost" rumor either.
The only source of it is a forum post from Spoondlies-tech (Guy Corem), who, in my opinion, doesn't conduct himself very professionally on this forum.
I don't know what the actual production costs are, and I doubt he does either.
I'd be surprised if production costs were high enough for AM to have to sell chips at a loss/break-even point this early in the game.

What's the formula for franchise arrangements? I keep hearing about it being risky for franchisees but I don't understand why.

[Blazed]

We provide: whole mining device excluding PSU.
You provide: PSU, location, operation.

On each difficulty change, you pay us:

(x - 4.59*10^(-5)*t/y)*80% in which
x = 100% PPS of 850G
y = Bitcoin exchange rate on bitstamp
t = seconds in the last round
This is per device.
4.59*10^(-5) is electricity cost per second assuming power is 0.15$/kwh and each device draws 1.1kw.

If (x - 4.59*10^(-5)*t/y)*80% is already equal to or less than zero, or after three months and you decide that the project should discontinue, you can either sell them at market price (which is agreed by us) and pay us 80% of the sold value, or ship them back to us.

After that we give the deposit back to you.

[itamidensha]

We provide: whole mining device excluding PSU.
You provide: PSU, location, operation.

On each difficulty change, you pay us:

(x - 4.59*10^(-5)*t/y)*80% in which
x = 100% PPS of 850G
y = Bitcoin exchange rate on bitstamp
t = seconds in the last round
This is per device.
4.59*10^(-5) is electricity cost per second assuming power is 0.15$/kwh and each device draws 1.1kw.

If (x - 4.59*10^(-5)*t/y)*80% is already equal to or less than zero, or after three months and you decide that the project should discontinue, you can either sell them at market price (which is agreed by us) and pay us 80% of the sold value, or ship them back to us.

After that we give the deposit back to you.

If you already have (or have cheap access to) PSU hardware, and you don't have a more attractive franchise offer on the table, I still fail to see where the franchisee's risk lies.
15c/kWh is a very fair allowance for electricity. I'd be surprised if many large scale miners pay that much.

[yxt]

We provide: whole mining device excluding PSU.
You provide: PSU, location, operation.

On each difficulty change, you pay us:

(x - 4.59*10^(-5)*t/y)*80% in which
x = 100% PPS of 850G
y = Bitcoin exchange rate on bitstamp
t = seconds in the last round
This is per device.
4.59*10^(-5) is electricity cost per second assuming power is 0.15$/kwh and each device draws 1.1kw.

If (x - 4.59*10^(-5)*t/y)*80% is already equal to or less than zero, or after three months and you decide that the project should discontinue, you can either sell them at market price (which is agreed by us) and pay us 80% of the sold value, or ship them back to us.

After that we give the deposit back to you.

from where is that?

[xhomerx10]

We provide: whole mining device excluding PSU.
You provide: PSU, location, operation.

On each difficulty change, you pay us:

(x - 4.59*10^(-5)*t/y)*80% in which
x = 100% PPS of 850G
y = Bitcoin exchange rate on bitstamp
t = seconds in the last round
This is per device.
4.59*10^(-5) is electricity cost per second assuming power is 0.15$/kwh and each device draws 1.1kw.

If (x - 4.59*10^(-5)*t/y)*80% is already equal to or less than zero, or after three months and you decide that the project should discontinue, you can either sell them at market price (which is agreed by us) and pay us 80% of the sold value, or ship them back to us.

After that we give the deposit back to you.

 Are there any PPS pools left?  50BTC charges a 6% fee on PPS and most have dropped PPS mainly due to the pool hopping issue.
That 6% is going to come out of the franchisee's cut which makes it look slightly less desirable unless of course you're going to miner solo but you're going to need quite a few 850GH/s miners to make that work.

[Blazed]

We provide: whole mining device excluding PSU.
You provide: PSU, location, operation.

On each difficulty change, you pay us:

(x - 4.59*10^(-5)*t/y)*80% in which
x = 100% PPS of 850G
y = Bitcoin exchange rate on bitstamp
t = seconds in the last round
This is per device.
4.59*10^(-5) is electricity cost per second assuming power is 0.15$/kwh and each device draws 1.1kw.

If (x - 4.59*10^(-5)*t/y)*80% is already equal to or less than zero, or after three months and you decide that the project should discontinue, you can either sell them at market price (which is agreed by us) and pay us 80% of the sold value, or ship them back to us.

After that we give the deposit back to you.

from where is that?

That was per friedcat.

[Mabsark]

We provide: whole mining device excluding PSU.
You provide: PSU, location, operation.

On each difficulty change, you pay us:

(x - 4.59*10^(-5)*t/y)*80% in which
x = 100% PPS of 850G
y = Bitcoin exchange rate on bitstamp
t = seconds in the last round
This is per device.
4.59*10^(-5) is electricity cost per second assuming power is 0.15$/kwh and each device draws 1.1kw.

If (x - 4.59*10^(-5)*t/y)*80% is already equal to or less than zero, or after three months and you decide that the project should discontinue, you can either sell them at market price (which is agreed by us) and pay us 80% of the sold value, or ship them back to us.

After that we give the deposit back to you.

from where is that?

That was per friedcat.

Unless you provide a link to the post where Friedcat said that, it may as well have came straight out of a bull's arse.

Use the bloody quote feature! 

[KarmaShark]

The next update from the Fried One should come soon now that we are well into July. Details on the franchising plan will likely be part of that update. It is worth noting that franchising has been on the roadmap for ASICMINER / BitFountain for some time going back to last year:


https://bitcointalk.org/index.php?topic=263007.0

[Blazed]

We provide: whole mining device excluding PSU.
You provide: PSU, location, operation.

On each difficulty change, you pay us:

(x - 4.59*10^(-5)*t/y)*80% in which
x = 100% PPS of 850G
y = Bitcoin exchange rate on bitstamp
t = seconds in the last round
This is per device.
4.59*10^(-5) is electricity cost per second assuming power is 0.15$/kwh and each device draws 1.1kw.

If (x - 4.59*10^(-5)*t/y)*80% is already equal to or less than zero, or after three months and you decide that the project should discontinue, you can either sell them at market price (which is agreed by us) and pay us 80% of the sold value, or ship them back to us.

After that we give the deposit back to you.

from where is that?

That was per friedcat.

Unless you provide a link to the post where Friedcat said that, it may as well have came straight out of a bull's arse.

Use the bloody quote feature! 

Was via messages...not a post.

[xhomerx10]

We provide: whole mining device excluding PSU.
You provide: PSU, location, operation.

On each difficulty change, you pay us:

(x - 4.59*10^(-5)*t/y)*80% in which
x = 100% PPS of 850G
y = Bitcoin exchange rate on bitstamp
t = seconds in the last round
This is per device.
4.59*10^(-5) is electricity cost per second assuming power is 0.15$/kwh and each device draws 1.1kw.

If (x - 4.59*10^(-5)*t/y)*80% is already equal to or less than zero, or after three months and you decide that the project should discontinue, you can either sell them at market price (which is agreed by us) and pay us 80% of the sold value, or ship them back to us.

After that we give the deposit back to you.

from where is that?

That was per friedcat.

Unless you provide a link to the post where Friedcat said that, it may as well have came straight out of a bull's arse.

Use the bloody quote feature! 

Was via messages...not a post.

 Did he say how much collateral do you have to put up for an 850GH/s miner? 

[bruce81]

Havelock Jule 8 - Volume: o 

[BitThink]

There has to be a reason for no dividend even after the massive sales. Among 'investing on future plans', 'manipulating market', and other reasons, 'No profit' seems to be the much better one. The best one, and the only positive one is that 'there's no enough accountants in friedcat's company'. 

[JoTheKhan]

There has to be a reason for no dividend even after the massive sales. Among 'investing on future plans', 'manipulating market', and other reasons, 'No profit' seems to be the much better one. The best one, and the only positive one is that 'there's no enough accountants in friedcat's company'. 

Occam's Razor.