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 Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3898972 times)
itamidensha
Member

Offline

Activity: 75
Merit: 10

 July 08, 2014, 05:17:29 AM

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.

1Bs49wsYJLUP9Xcj5hPKcvub9vUAe2GF1F
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yxt
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Activity: 2548
Merit: 1031

 July 08, 2014, 06:47:26 AM

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?

 BTC Kano Pool ██ ████ ████ ████ ████ ████ ████ ████ ████ ██████████ ██ ██ ████ ██ ████ ██ ████ ██ ████ ██ ████ ██ ████ ██ ████ ██ ████ ██ ██   ██   ██   ██   ██ ..Join...Kano Pool. ██ ████ ████ ████ ████ ████ ████ ████ ████ ██   ██   ██   ██   ██
xhomerx10
Legendary

Offline

Activity: 2142
Merit: 2295

 July 08, 2014, 01:46:29 PM

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
Legendary

Offline

Activity: 2072
Merit: 1111

 July 08, 2014, 02:45:09 PM

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
Legendary

Offline

Activity: 826
Merit: 1000

 July 08, 2014, 06:16:47 PM

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
Hero Member

Offline

Activity: 592
Merit: 507

Founder - Helium

 July 08, 2014, 09:32:19 PM

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

 ████████████████████████████████████████████████ ▄▄████████▄▄   ▄██████████████▄ ▄██████████████████▄██████▀▀▀▀▀█████▀▀▀▀▀███████     █████     ███████     █████     █             ▄▄▄██████     ▀▀▀▀▀     █        ███  ███ ▀████                  ▄▄▄   ███  ▄▄▄ ▄▄▄  ▄▄▄ ▄▄▄ ▄▄▄  ▄▄   ▀██     ▄▄▄▄▄      ▄█████▄ ███  ███ ███  ███ ████████████▄     ▀     █████      ███▄▄██ ███  ███ ███  ███ ███ ▀███ ▀███           ▀▀███      ███▄▄▄  ███▄ ███ ███▄████ ███  ███  ███               ▀       ▀████▀  ▀██ ███ ▀███▀███ ███  ███  ███                   ▀█ ████████████████████████████████████████████████ █  ████▀  ██  ██▀▄█  ██  ▀▄███  ██  ████▀  ███▀▄█▀▄███████▀██▀▄█▀▄████  ████▀  ██  ██▀▄█  ██  ▀▄███  ██  █████  █ .Decentralized Currency & Global Payment Network.IIIIIIIIII █ MASTER NODES █ IIIIIIII █ SERVICE NODES █ IIIIIIIIII | . . . █  ████▀  ██  ██▀▄█  ██  ▀▄███  ██  ████▀  ███▀▄█▀▄███████▀██▀▄█▀▄████  ████▀  ██  ██▀▄█  ██  ▀▄███  ██  █████  █
Blazed
Legendary

Offline

Activity: 2072
Merit: 1111

 July 09, 2014, 02:13:27 AM

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
Legendary

Offline

Activity: 2142
Merit: 2295

 July 09, 2014, 04:22:48 AM

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
Newbie

Online

Activity: 121
Merit: 0

 July 09, 2014, 04:26:29 AM

Havelock Jule 8 - Volume: o
BitThink
Legendary

Offline

Activity: 882
Merit: 1000

 July 09, 2014, 04:53:41 AM

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
Sr. Member

Offline

Activity: 378
Merit: 250

 July 09, 2014, 05:06:26 AM

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.
bitcoin.newsfeed
Sr. Member

Offline

Activity: 378
Merit: 250

 July 09, 2014, 06:22:20 AM

Its been 10days from submitting questions. No single answer at all? It really gets better and better every Q.

... Question Everything, Believe Nothing ...
runam0k
Legendary

Offline

Activity: 1050
Merit: 1000

Touchdown

 July 09, 2014, 09:36:28 AM

Its been 10days from submitting questions. No single answer at all? It really gets better and better every Q.
What's FC's average response time?
Whtwabbit
Sr. Member

Offline

Activity: 489
Merit: 266

 July 09, 2014, 11:05:37 AM

Its been 10days from submitting questions. No single answer at all? It really gets better and better every Q.
What's FC's average response time?

FC is waiting for the future to happen so he can report on it

 ████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████Monero
 "The difference between bad and well-developed digital cash will determine whether we have a dictatorship or a real democracy."  David Chaum 1996"Fungibility provides privacy as a side effect."  Adam Back 2014
 ▪Private▪Auditable▪100% Fungible▪Wild & Free▪Flexible Blocksize▪Intro▪Core GUI▪Github▪Android
Mabsark
Legendary

Offline

Activity: 826
Merit: 1000

 July 09, 2014, 12:58:41 PM

Was via messages...not a post.

Either post a screenshot then or stop talking nonsense. A screenshot is hardly evidence due to being easy to fake but it's better than nothing. This is now the third time you've been asked to back up your claims with proof. If you fail to do so, it should be evident to everyone here that you are nothing but a liar.

Mabsark
Legendary

Offline

Activity: 826
Merit: 1000

 July 09, 2014, 01:10:54 PM

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'.

The only reason for no profit would be if AM had spent it on more wafers and materials.
webbrowser
Full Member

Offline

Activity: 215
Merit: 100

 July 09, 2014, 01:12:48 PM

Is his info so hard to believe? Either believe him, or don't. Geez, you act like he owes you something.
Blazed
Legendary

Offline

Activity: 2072
Merit: 1111

 July 09, 2014, 02:32:52 PM

Was via messages...not a post.

Either post a screenshot then or stop talking nonsense. A screenshot is hardly evidence due to being easy to fake but it's better than nothing. This is now the third time you've been asked to back up your claims with proof. If you fail to do so, it should be evident to everyone here that you are nothing but a liar.

Here hope this shuts you up now...why would I make up some formula like that..

Chris_Sabian
Legendary

Offline

Activity: 896
Merit: 1000

 July 09, 2014, 02:48:48 PM

Was via messages...not a post.

Either post a screenshot then or stop talking nonsense. A screenshot is hardly evidence due to being easy to fake but it's better than nothing. This is now the third time you've been asked to back up your claims with proof. If you fail to do so, it should be evident to everyone here that you are nothing but a liar.

Here hope this shuts you up now...why would I make up some formula like that..

Best part of the whole thing.  That formula was rather interesting to say the least.  Wonder how AM came up with that.
MichaelBliss
Hero Member

Offline

Activity: 526
Merit: 500

 July 09, 2014, 03:02:17 PM

Was via messages...not a post.

Either post a screenshot then or stop talking nonsense. A screenshot is hardly evidence due to being easy to fake but it's better than nothing. This is now the third time you've been asked to back up your claims with proof. If you fail to do so, it should be evident to everyone here that you are nothing but a liar.

What he said was true, but the world doesn't owe you evidence buddy.  Either believe it or not, but please don't be one of the many paranoid jack asses calling everyone a liar on here.     You were wrong about your suppositions here, how often are you wrong like this when you presume - and what will you do the next time around?  (hint: stfu)
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