ASICMINER: Entering the Future of ASIC Mining by Inventing It

[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?

[wasubii]

Does anybody know AM hash percentage in 2013?

I think it exceeded 30% in early 2013 but welcome someone else to chime in with exact figures

[freedomno1]

Does anybody know AM hash percentage in 2013?

I think it exceeded 30% in early 2013 but welcome someone else to chime in with exact figures

There was a google doc that had that info a long time ago give me a moment will look for it.

Found here you go
https://docs.google.com/spreadsheet/ccc?key=0AkPdXsQFT-vIdHRVUjQ5Ql9BQWR6OENLMkhyUktUblE#gid=12

Peaked at 33.71% of the hashrate June 5 2013

[wasubii]

Found here you go
https://docs.google.com/spreadsheet/ccc?key=0AkPdXsQFT-vIdHRVUjQ5Ql9BQWR6OENLMkhyUktUblE#gid=12

Peaked at 33.71% of the hashrate June 5 2013

Excellent work

I think its a tad ambitious to go for the same hash rate now given that every new iteration of chips has a smaller impact than the last.

I would be happy with 10% by the end of the year

[spartan82]

A 20% average throughout the year would be spectacular!

[bitsalame]

The mishaps with the specs were due to unexpected events that were out of his control, as it is evidenced by every single other player in the industry who ended up having problems with their chips from the fabs.

And considering that Friedcat has been waiting all this time to get it ready, I guess he is now very confident to deliver with very little margin of error, hence his willingness on taking a break coming out of the pan and getting ready for the public appearance...

Now, considering that friedcat used to overdeliver what he used to promise, maybe hitting last year's average hashrate is his way of being carefully modest...
Considering that probably he will deploy most of his 60Ph worth of chips, it would be the equivalent of 44% of current total hashrate.

[freedomno1]

A 20% average throughout the year would be spectacular!

I would be happy to see it back in the pools list for found blocks myself  anyways with salame if the discovery rate and pool percentages start to rise up significantly its time to scoop shares till then standby ^_^.

Although they said chips first before working on their farms again.

Edit Ok no one commented on it so I just noticed I missed the friedcat post lol screw that the FARMs are coming back online buy mode activated lol!

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.

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.

[sharky101]

Would buy 10+ shares if I could get on havelock...

[feifa]

Would buy 10+ shares if I could get on havelock...

You're not the only one trying to connect to havelock! 

Connected,  havelock is not stable

[pigheadbig]

A 20% average throughout the year would be spectacular!

perfect awesome news,
friedcat is back!