ASICMINER: Entering the Future of ASIC Mining by Inventing It

[stompysteve]

Heads up: board meet tonight Aussie/Shenzhen time.

know what time this meeting is?

[webbrowser]

That means the price of BE200 chip is only 1.34$.
AM is selling BE200 at cost. Or Rockminer will join AM's franchising farm?

If this were correct, then we are making $1.14 per chip. FC said per chip cost was <$0.20...

...per Gh/s.

That was based on simulations and doesn't actually tell us how much the chips cost though. The actual cost of chips has not been made available to us.

Exactly.  Since each chip is nominally 10GH/s, the cost price is less than $2 per chip. How much less, nobody knows.. Is there anyone with experience in chip fabrication at 40mm node size who can hazard a guess as to how much 60PH of wafers would cost (at 10GH/s per chip and 40TH/s per wafer based on Jutarul) around Apr-May?

And, Rockminer paid $1.34 per chip (or $0.134 per GH/s) in their latest order of 120k chips.

I wonder why they didn't need to buy power supplies with this second order. Perhaps this purchase really is for a centralised (franchise?) farm, so they will supply DC power from a big power supply, instead of having small dinky power supplies? Or perhaps they have sufficient power supplies and other materials from their first order.

[feifa]

That means the price of BE200 chip is only 1.34$.
AM is selling BE200 at cost. Or Rockminer will join AM's franchising farm?

If this were correct, then we are making $1.14 per chip. FC said per chip cost was <$0.20...

...per Gh/s.

That was based on simulations and doesn't actually tell us how much the chips cost though. The actual cost of chips has not been made available to us.

Exactly.  Since each chip is nominally 10GH/s, the cost price is less than $2 per chip. How much less, nobody knows.. Is there anyone with experience in chip fabrication at 40mm node size who can hazard a guess as to how much 60PH of wafers would cost (at 10GH/s per chip and 40TH/s per wafer based on Jutarul) around Apr-May?

And, Rockminer paid $1.34 per chip (or $0.134 per GH/s) in their latest order of 120k chips.

I wonder why they didn't need to buy power supplies with this second order. Perhaps this purchase really is for a centralised (franchise?) farm, so they will supply DC power from a big power supply, instead of having small dinky power supplies? Or perhaps they have sufficient power supplies and other materials from their first order.

AM has deisgned his own DC chip, you can check the financial Report on  May 27th.

[atx.btc]

at the salon event exahash era thing, FC is probably going to properly unveil submersion cooling tank for mass production with a price tag. shares will soar. Gaben will be so inspired that the next day, HL3 is released. Israeli Gov and Hamas will reach a peace deal. WHO will announce a breakthrough discovery for curing Ebola. Freedom will ring all across the world.
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https://i.imgur.com/dTQmJcv.jpg

[Satan666]

at the salon event exahash era thing, FC is probably going to properly unveil submersion cooling tank for mass production with a price tag. shares will soar. Gaben will be so inspired that the next day, HL3 is released. Israeli Gov and Hamas will reach a peace deal. WHO will announce a breakthrough discovery for curing Ebola. Freedom will ring all across the world.

That all sounds great, but will AM shareholders get a dividend payment?

[atx.btc]

isn't world peace enough for you people 

[Ozziecoin]

Heads up: board meet tonight Aussie/Shenzhen time.

know what time this meeting is?

Postponed to tonight as FC was late.  11PM Eastern Std Time in Aust.

[friedcat]

Update

1. Due to the relatively lower interest from individual miners as well as OEM producers, the self mining has re-started from middle of July. We had gain access of cheap electricity and high power capacity. We hope to regain the average hashrate percentage similar to 2013 with this generation of chips.

2. The price rockminer gets is not the sales price. It's the premium of franchising. We gain the part of profits after the devices begin to generate revenue like the franchising of devices. The sales price of chips stay a relatively high margin because our option of building our own devices and sell/deploy is always wide open.

3. We announce the sales of our own devices. We would arrange an offline meeting in Shenzhen first to share more information. We will post the English version of it on the meetup sub-board.

[spartan82]

Here it is!

[dhenson]

Update

1. Due to the relatively lower interest from individual miners as well as OEM producers, the self mining has re-started from middle of July. We had gain access of cheap electricity and high power capacity. We hope to regain the average hashrate percentage similar to 2013 with this generation of chips.

I really missed the transparent mining operation with regular predictable dividends.  Awesome news!

[kaerf]

Update

1. Due to the relatively lower interest from individual miners as well as OEM producers, the self mining has re-started from middle of July. We had gain access of cheap electricity and high power capacity. We hope to regain the average hashrate percentage similar to 2013 with this generation of chips.

2. The price rockminer gets is not the sales price. It's the premium of franchising. We gain the part of profits after the devices begin to generate revenue like the franchising of devices. The sales price of chips stay a relatively high margin because our option of building our own devices and sell/deploy is always wide open.

3. We announce the sales of our own devices. We would arrange an offline meeting in Shenzhen first to share more information. We will post the English version of it on the meetup sub-board.

ahh. self mining....music to my ears.

[friedcat]

To dear shareholders:

We indeed had a hard time starting from the end of 2013. The BE200 performance was inferior than expected, and our prediction for the capacity of OEM producers and the individual mining market was a big miss. However, we had not stopped our work on designing our own products and finding proper farms after our chips passed the tests. Meantime we had tried many cooperations with OEMs (premium+balance payment, chip franchising) but the overall improvement on volume was not significant. Now the new hardware solution matures and we got the resources on deploying, we can turn the newly produced chips to the market where the highest margin is.

There are some guesses about our integrity also starting from the end of 2013. We would like to emphasize the following:

1. There are no umbrella companies from ASICMiner. There are indeed some unsolved conflict of interests on someone investing both on ASICMiner and other chip manufacturers, but ASICMiner did not offer any information other than what it is supposed to do, for example, holding board member meetings.

2. ASICMiner has not participated in its share market in any means.

[marci003]

So.. obligatory question: when can we expect any dividends?

[CanaryInTheMine]

To dear shareholders:

We indeed had a hard time starting from the end of 2013. The BE200 performance was inferior than expected, and our prediction for the capacity of OEM producers and the individual mining market was a big miss. However, we had not stopped our work on designing our own products and finding proper farms after our chips passed the tests. Meantime we had tried many cooperations with OEMs (premium+balance payment, chip franchising) but the overall improvement on volume was not significant. Now the new hardware solution matures and we got the resources on deploying, we can turn the newly produced chips to the market where the highest margin is.

There are some guesses about our integrity also starting from the end of 2013. We would like to emphasize the following:

1. There are no umbrella companies from ASICMiner. There are indeed some unsolved conflict of interests on someone investing both on ASICMiner and other chip manufacturers, but ASICMiner did not offer any information other than what it is supposed to do, for example, holding board member meetings.

2. ASICMiner has not participated in its share market in any means.

we need a consumer product that can go on store shelves...

[AMuppInTime]

dear friedcat:
(1) If you missed the specs so bad on gen2, and now on gen3, what are the chances you will make the specs for gen4?
(2) What is the current status of gen4 development?
(3) What is the current expected return on gen3?

This community believes in you, but if you keep missing the mark there has to be something wrong going on. Find what's not working, and fix it.

[dhenson]

Upcoming interview with Friedcat:
http://www.bitell.com/t/2026

[drasted]

we need a consumer product that can go on store shelves...

I think that's what he means in point 3 when he said "We announce the sales of our own devices." I might be wrong, it's a bit ambiguous.

[CanaryInTheMine]

Upcoming interview with Friedcat:
http://www.bitell.com/t/2026

Bitell interview is confirmed.  And friedcat is rumored to be readying something around August 2nd.

So, please get your questions in for Bitell. Maybe someone wants to collect all q's into one post on this thread?

[drasted]

And friedcat is rumored to be readying something around August 2nd.

He made a post about it here:

Date: 13:00-18:00 Beijing time. 2nd August, 2014.

Place: Qidian Coffe, 5th floor A3, Digital Tech Park, 7 7th South Gaoxin Road, Nanshan, Shenzhen (深圳市南山区高新南七道7号数字技术园A3栋5楼起点咖啡)

Topic: The announcement of AM sales of new devices, as well as other aspects on Bitcoin mining.

For Chinese version please check (http://weibo.com/5195261989/BfaCBwCvU?type=repost#_rnd1406615465120)

The forum id (phasebird) will be responsible for questions on this meetup. The sales to regions outside China is also in charge of (phasebird).

[Ozziecoin]

Does anybody know AM hash percentage in 2013?