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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3899860 times)
itamidensha
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July 08, 2014, 05:17:29 AM
 #21301

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.

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yxt
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July 08, 2014, 06:47:26 AM
 #21302

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?

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xhomerx10
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When moon?


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July 08, 2014, 01:46:29 PM
 #21303

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.
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July 08, 2014, 02:45:09 PM
 #21304

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
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July 08, 2014, 06:16:47 PM
 #21305

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!  Roll Eyes
KarmaShark
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July 08, 2014, 09:32:19 PM
 #21306

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



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Blazed
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July 09, 2014, 02:13:27 AM
 #21307

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!  Roll Eyes

Was via messages...not a post.
xhomerx10
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July 09, 2014, 04:22:48 AM
 #21308

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!  Roll Eyes

Was via messages...not a post.

 Did he say how much collateral do you have to put up for an 850GH/s miner? 
bruce81
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July 09, 2014, 04:26:29 AM
 #21309

Havelock Jule 8 - Volume: o  Grin
BitThink
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July 09, 2014, 04:53:41 AM
 #21310

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
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July 09, 2014, 05:06:26 AM
 #21311

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
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July 09, 2014, 06:22:20 AM
 #21312

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

... Question Everything, Believe Nothing ...
runam0k
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Touchdown


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July 09, 2014, 09:36:28 AM
 #21313

Its been 10days from submitting questions. No single answer at all? It really gets better and better every Q.  Roll Eyes
What's FC's average response time?
Whtwabbit
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July 09, 2014, 11:05:37 AM
 #21314

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


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


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Mabsark
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July 09, 2014, 12:58:41 PM
 #21315

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
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July 09, 2014, 01:10:54 PM
 #21316

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
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July 09, 2014, 01:12:48 PM
 #21317

Is his info so hard to believe? Either believe him, or don't. Geez, you act like he owes you something.
Blazed
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July 09, 2014, 02:32:52 PM
 #21318

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
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July 09, 2014, 02:48:48 PM
 #21319

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
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July 09, 2014, 03:02:17 PM
 #21320

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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