ASICMINER: Entering the Future of ASIC Mining by Inventing It

[Kipsy89]

Aww man, someone was smart enough to take their chance and dump their shares for 0.16 
Who of you guys put up that wall?

[Mabsark]

BTCGarden, ROCKMINER, Lightning Asics, etc. combined only account for, say 6 PH/s.

Source?

Only an overly generous guess. BTCGarden managed to sell a lot, yeah. They had sold like almost a PH a month ago. let's assume they now sold 3. With all their 400 GH/s machines, ROCKMINER needs to sell like 4000 machines to achieve a single PH. Lightning Asic seems to be stagnating ever since. They even have a in-stock-counter that moves about 5 pcs/week. I doubt they sold more than 100 TH/s. Who else is there? XBTec used to be the big hope for AM. Well, they've gone silent, and only have lowered (as in 'it got worse') their consumption expectations. They really seemed to have done the trick in optimizing the BE200. I'm having a hard time reaching even those estimated 6 PH/s. And that would only account for 1/10 of those 60 PH/s
Hashratio and franchised mining seems to be the final straw. And I can't believe that FC is dictating the terms there 

Please show me calculations that support more chips have been sold to manufacturers!

Do you not know what "source" means? It certainly doesn't mean "continue to pull information out your arse". Either provide sources to verify what your saying or stop talking shite.

[Mabsark]

Zhao said in QQ earlier he didn't receive details about AM franchising.
And everyone in China can buy BE200 at low price 

Yeah, there were at least 60 PH/s that need to be cleared from stock 
But do you have any idea about how low that price actually is?

I didn't check the current price, but was given a price in May, from supplier that order 3ph worth.
 Asicminer stockholders may want to check their pacemakers and ensure they do not have history of high blood pressure. 

I think hashratio has rebrand their AM tube as galaxy dragonflies now

But the $0.35 / GH/s back at the end of May or early June were right, weren't they?

Well, here's what FC said at the beginning of June:

Brief Answers to Shareholder Questions

10) What is the average selling price of AM gen3 chips (price per Gh/s)?

About 0.5$/G for sold chips.

[Anotheranonlol]

Zhao said in QQ earlier he didn't receive details about AM franchising.
And everyone in China can buy BE200 at low price  

Yeah, there were at least 60 PH/s that need to be cleared from stock  
But do you have any idea about how low that price actually is?

I didn't check the current price, but was given a price in May, from supplier that order 3ph worth.
 Asicminer stockholders may want to check their pacemakers and ensure they do not have history of high blood pressure.  

I think hashratio has rebrand their AM tube as galaxy dragonflies now

But the $0.35 / GH/s back at the end of May or early June were right, weren't they?

Yes,  as far as i know it was a foundry service mediated by hashratio.  They gave more info about it few months ago on their weibo and via email if you contacted with an order quantity in mind

[hdbuck]

underpromise//overdeliver

[Kipsy89]

underpromise//overdeliver

It's crazy times, man! I really don't see that AM is delivering anything right now! See how everyone's all tensed up and stressed out? The people showing some doubts get shunned immediately. Sure, they can't deliver any proof, but when everything's indicating that AM isn't selling at a profitable price anymore, they are being insulted. Not nice at all, man.

[jimmothy]

Sure, they can't deliver any proof, but when everything's indicating that AM isn't selling at a profitable price anymore

Source?

Where is everything that indicates AM is selling at a loss?

[hdbuck]

underpromise//overdeliver

It's crazy times, man! I really don't see that AM is delivering anything right now! See how everyone's all tensed up and stressed out? The people showing some doubts get shunned immediately. Sure, they can't deliver any proof, but when everything's indicating that AM isn't selling at a profitable price anymore, they are being insulted. Not nice at all, man.

we dont know squatt. if ever, i doubt FC would sell at a non profitable price. the cat rebounds: making partnerships, expand franchisees, upgrade solo mining... solutions are legions. just like bitcoin, AM is here to stay.

[hdbuck]

Sure, they can't deliver any proof, but when everything's indicating that AM isn't selling at a profitable price anymore

Source?

Where is everything that indicates AM is selling at a loss?

source: spondoolies-tech

[Kipsy89]

Sure, they can't deliver any proof, but when everything's indicating that AM isn't selling at a profitable price anymore

Source?

Where is everything that indicates AM is selling at a loss?

source: spondoolies-tech

They're those competitors from Israel, right? Yeah right, I heard they were at that conference. They always played by the rules and never spread uncertainties. Why would they lie in this only case? I guess it's too hard to believe for some people that AM is really just cutting losses, selling at or slightly above cost and focus on gen4. That'll mean no divs though. I do get why people are pissed. They even ignore the offer for $0.35 on that chinese board for a June delivery.

[hdbuck]

Sure, they can't deliver any proof, but when everything's indicating that AM isn't selling at a profitable price anymore

Source?

Where is everything that indicates AM is selling at a loss?

source: spondoolies-tech

They're those competitors from Israel, right? Yeah right, I heard they were at that conference. They always played by the rules and never spread uncertainties. Why would they lie in this only case? I guess it's too hard to believe for some people that AM is really just cutting losses, selling at or slightly above cost and focus on gen4. That'll mean no divs though. I do get why people are pissed. They even ignore the offer for $0.35 on that chinese board for a June delivery.

yea right, competitors doesnt lie. they're all hanging around hands in hands.
even if not from chip sales, divs will come with franchisees plugging in.
anyho, i'll keep my underpromise/overdeliver.
best of luck.

[michaelGedi]

some of you people forgetting that even if it is the case that the sales are not optimal (not proven), that the chips will go to self mining instead...


... next friedcat announcement we will have information about sales, and about self mining. The question is which of the 2 is more weighted to providing profit/divs at this time... we will know soon(ish... )


curious - has anyone tried to contact friedcat since the last round of questions were sent to him? do pumpkin or jutarul have any insider info? I'm not impatient, but I can see a lot of people are so would be good to give the cat a nudge and to hear opinions/facts/rumours from those more in the know/closer to the source.

[btcbot]

FWIW, got an email from FC about a direct share transfer... maybe tomorrow's our lucky day!   

[Mabsark]

They're those competitors from Israel, right? Yeah right, I heard they were at that conference. They always played by the rules and never spread uncertainties. Why would they lie in this only case? I guess it's too hard to believe for some people that AM is really just cutting losses, selling at or slightly above cost and focus on gen4. That'll mean no divs though. I do get why people are pissed. They even ignore the offer for $0.35 on that chinese board for a June delivery.

Let's say we didn't get any divs from gen 3 and FC used the profit to pay for the gen 4 mask and chips, would that be a bad thing? When FC last answered shareholders questions he said:

Brief Answers to Shareholder Questions

6) What is the progress on gen4?

It is 28nm and has two major improvements: the first one is to fix the design errors we had with 40nm (which made our silicon data two times worse than simulated data). We believe that 0.35W/G at rated speed of 400MHz would be achievable in 40nm if no mistakes were made before. The second one is the technology improvement from 40nm to 28nm in terms of density, speed and power.

We are on the stage of evaluating the final design choices by running the physical design flow on different settings.

So gen 4 isn't far off, it does need paying for and it should be a far better chip because they've fixed the design error which led to gen 3 under-performing. I'd be very happy to learn that FC had paid for the gen 4 mask and a couple of batches already.

[hdbuck]

some of you people forgetting that even if it is the case that the sales are not optimal (not proven), that the chips will go to self mining instead...

exactly! like if FC wont use those 60+Ph chips or sell them at non profit... + mining means BTC revenues, no filthy dollars to deal with

So gen 4 isn't far off, it does need paying for and it should be a far better chip because they've fixed the design error which led to gen 3 under-performing. I'd be very happy to learn that FC had paid for the gen 4 mask and a couple of batches already.

exactly again! next thing you know, gen4 kicking in by fall

[Satan666]

How about we ask FC how many PH he sold in the last 2 months for a better answer?

Come on now.  We can't do that.  Friedcat's busy.

[RoadStress]

Your estimates are way off. Just took the biggest number and added up they give me 54PH/s. Doesn't it seems a bit too much considering that from June until now the network grew only with ~40PH/s? Even the minimum numbers are a bit off. 25PH/s is 60% of the 40PH deployed in the last months. It's more than all other manufacturers combined!

Considering that KnC launched the Neptunes and Bitfury is working on 3 DC (Georgia, Iceland and Finland) I really think that the numbers are just pure imagination.

54PH sold does not mean 54PH is added to the network. It could take weeks before chips start hashing. (longer if you are xbtec)

Also 40PH is way off. Network was 80PH on june1 and is now 140PH.

I think we should use as reference for the network speed only the last difficulty adjustment because the "live" hashrate of 140PH isn't actually accurate and it includes the variance in it. At the moment of this post the "live" network speed is at 133PH which proves my point.

It may take weeks before chips start hashing, but it will also take months before AM sells their 100PH worth of chips.

yea right, competitors doesnt lie. they're all hanging around hands in hands.
even if not from chip sales, divs will come with franchisees plugging in.
anyho, i'll keep my underpromise/overdeliver.
best of luck.

Last time I've heard the "underpromise/overdeliver" was coming from KnC and they failed badly. They are still behind shipping Batch 1 units.

some of you people forgetting that even if it is the case that the sales are not optimal (not proven), that the chips will go to self mining instead...

That train has sailed as AM doesn't have the money and the deployment capabilities to deploy a big scale self mining operation. FC could do it right as soon as he had chips in hand, but he didn't do it.

[Kipsy89]

That train has sailed as AM doesn't have the money and the deployment capabilities to deploy a big scale self mining operation. FC could do it right as soon as he had chips in hand, but he didn't do it.

Exactly! Since deploying large amounts of machines is a difficult endeavor, he chose to sell the chips. Unfortunately they didn't perform as well as expected. So now when he's looking for ways to deploy hashrate he has nothing prepared. Man, he was just unlucky.
By the way, what does your name mean. It sounds like you're on the road all day long and when you get home you are completely stressed out!

[jdany]

Hey, at least everyone is talking.
It seems when everyone starts flipping out, the cat says something.

C'mon Cat.
Say something,
I'm giving up on you
I'll be the one,
if you want me to
Anywhere,
I would've followed you
Say something,
I'm giving up on you

And I am feeling so small
It was over my head
I know nothing at all

[Kipsy89]

Hey, at least everyone is talking.
It seems when everyone starts flipping out, the cat says something.

C'mon Cat.
Say something,
I'm giving up on you
I'll be the one,
if you want me to
Anywhere,
I would've followed you
Say something,
I'm giving up on you

And I am feeling so small
It was over my head
I know nothing at all

Sometimes I imagine friedcat being an actual cat sitting in front of his computer and planning and designing new ASICs. Sometimes he gets distracted by his mouse because, well, it's a mouse! And the sometimes people from spondoolies or bitfury use laser pointers to distract him. We can only theorize about what went wrong this time, but it may or may not involve catnip.
Also, I imagine jimmothy being a sloth.