ASICMINER: Entering the Future of ASIC Mining by Inventing It

[Franktank]

HashRatio's Updated Mine (now with EdenTech hardware):

Before: http://ww3.sinaimg.cn/mw690/62d41719jw1eievhu3dm5j20hs0dcgmu.jpg

After: http://ww1.sinaimg.cn/mw690/62d41719jw1eieviieycbj20hs0dcwfu.jpg

It's quite the sight.

[JoTheKhan]

Mr. Choto : This one is amazing. It calculates incredibly fast. Altogether this factory can acquire around 7 million yen worth of bitcoin in one day.

Am I off by some factor, or is that approximately 1000BTC/day? Sounds like he is slightly exaggerating. But not sure what I can expect from someone having trouble multiplying 1.5 with 30...

If this were a franchise, than they are loosing money, for all I can see, as 70000 yen per hour for electricity is ~25% of the income.

68.7K @600 BTC is a little over ~100BTC

With ~15K spent a day in electricity

[Franktank]

This update is a bit late but the supposed, acquired site of HashRatio (updated as of June 28th):

Picture 1: https://i.imgur.com/EZQu7wE.png
Picture 2: http://ww2.sinaimg.cn/mw1024/62d41719jw1ehtv0if1vhj20hs0dc0un.jpg
Picture 3: http://ww1.sinaimg.cn/mw1024/62d41719jw1ehtv0lgm3bj20hs0dcq4a.jpg
Picture 4: http://ww2.sinaimg.cn/mw1024/62d41719jw1ehtv0ptsfpj20hs0dcdhv.jpg
Picture 5: http://ww4.sinaimg.cn/mw1024/62d41719jw1ehtv1eemivj20hs0dcgno.jpg

Location Info:
Size - 24,000 m²
Power - est. 100,000 kW
Miner Capacity - 100,000

[itamidensha]

If this were a franchise, than they are loosing money, for all I can see, as 70000 yen per hour for electricity is ~25% of the income.

The franchise formula subtracts a 15c/kWh allowance for electricity expenses before applying the 80/20 split.
15c/kWh seems pretty generous. I'm guessing these hashratio guys would be paying around a third of that rate.

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.

[bkminer]

HashRatio's Updated Mine (now with EdenTech hardware):

Wow, that's why edentech's English site hasn't come online and their sales guys never emailed me back.... their entire stock was bought by HashRatio!!!

*sigh* I'll have to wait for one of those beautiful boxes  That's ok it's all money to AM 

[SaintFlow]

come on "friedcat" - if you have no info say so and tell us why!

[CanaryInTheMine]

Bipolar disorder is abundant here...

[SaintFlow]

i would rather say polarity is dependend on stock movement direction

[CanaryInTheMine]

i would rather say polarity is dependend on stock movement direction

Movement had been flat... But the bipolar antics never fail here

[DumDumz]

What are the plans for MOORE?

[CanaryInTheMine]

What are the plans for MOORE?

Wait for 10

[hdbuck]

What are the plans for MOORE?

Wait for 10

10nm?

[cs54]

My understanding is that the last time Friedcat answered questions, those questions were sent to him on June 1 and answered on June 5th.

This time, questions were sent to Friedcat on June 29th and we've had 18 days of silence. 

If anyone is being bipolar around here I would say that's the reason, and a defensible one.  The unpredictability is a tough pill to swallow.

[lophie]

DELETED. I lost my cool for a second. Sorry.

[KarmaShark]

My understanding is that the last time Friedcat answered questions, those questions were sent to him on June 1 and answered on June 5th.

This time, questions were sent to Friedcat on June 29th and we've had 18 days of silence. 

If anyone is being bipolar around here I would say that's the reason, and a defensible one.  The unpredictability is a tough pill to swallow.

Your understanding is correct. Friedcat has decided not to answer the current round of questions until the opportune time, which only he is going to be privy to. So whether it is bad news he is holding back to mitigate damage or he is waiting for the right moment to reveal his continued mastery of the world of ASIC, we will have to wait to find out. If you have faith in the company you are happy to wait and see the fruits of ASIC MINER's labour.

[hdbuck]

My understanding is that the last time Friedcat answered questions, those questions were sent to him on June 1 and answered on June 5th.

This time, questions were sent to Friedcat on June 29th and we've had 18 days of silence. 

If anyone is being bipolar around here I would say that's the reason, and a defensible one.  The unpredictability is a tough pill to swallow.

Your understanding is correct. Friedcat has decided not to answer the current round of questions until the opportune time, which only he is going to be privy to. So whether it is bad news he is holding back to mitigate damage or he is waiting for the right moment to reveal his continued mastery of the world of ASIC, we will have to wait to find out. If you have faith in the company you are happy to wait and see the fruits of ASIC MINER's labour.

screw the questions. they dont impact AM's share value.. instead, lets have some mid-summer divs, shall we?

[KarmaShark]

My understanding is that the last time Friedcat answered questions, those questions were sent to him on June 1 and answered on June 5th.

This time, questions were sent to Friedcat on June 29th and we've had 18 days of silence. 

If anyone is being bipolar around here I would say that's the reason, and a defensible one.  The unpredictability is a tough pill to swallow.

Your understanding is correct. Friedcat has decided not to answer the current round of questions until the opportune time, which only he is going to be privy to. So whether it is bad news he is holding back to mitigate damage or he is waiting for the right moment to reveal his continued mastery of the world of ASIC, we will have to wait to find out. If you have faith in the company you are happy to wait and see the fruits of ASIC MINER's labour.

screw the questions. they dont impact AM's share value.. instead, lets have some mid-summer divs, shall we?

I like the way you think Good Sir!  Bring on the DIVIDENDS!

[lophie]

My understanding is that the last time Friedcat answered questions, those questions were sent to him on June 1 and answered on June 5th.

This time, questions were sent to Friedcat on June 29th and we've had 18 days of silence.  

If anyone is being bipolar around here I would say that's the reason, and a defensible one.  The unpredictability is a tough pill to swallow.

Your understanding is correct. Friedcat has decided not to answer the current round of questions until the opportune time, which only he is going to be privy to. So whether it is bad news he is holding back to mitigate damage or he is waiting for the right moment to reveal his continued mastery of the world of ASIC, we will have to wait to find out. If you have faith in the company you are happy to wait and see the fruits of ASIC MINER's labour.

screw the questions. they dont impact AM's share value.. instead, lets have some mid-summer divs, shall we?

I like the way you think Good Sir!  Bring on the DIVIDENDS!

Little do the cat know, 0.08 per share will make me shut the fsck up for a long time............

[gogxmagog]

My guess is; we Will not see update until end of July. There are so many franchising deals going through, it would make more sense to see them through before reporting on them. (This is pure speculation)

[dhenson]

Little do the cat know, 0.08 per share will make me shut the fsck up for a long time............

That would see me happily  through the summer 

Do we really think a twenty million dollar profit is going to be made on Gen3? This seems excessively optimistic.