ASICMINER: Entering the Future of ASIC Mining by Inventing It

[Whtwabbit]

Fried "Kong"

(Sponganglies = Prehistoric Lizard)

[silverfuture]

So now that the difficulty was going flat AM comes to screw things for all miners. Great!

Don't stress, you could always sell your current hardware and buy asicminer shares

[KarmaShark]

The Bitcoin network hashrate has seemingly plateaued at just the right time for AM and it's loyal shareholders. Expect a massive spike as FC unleashes pure hell on the competition for the rest of 2014. If you bailed on ASICMINER over the summer, you made a major mistake selling so low in both fiat and BTC terms. Cannot wait for the August 2nd conference and the goodies that will be announced.


With self-mining already started in mid-July (as per FC), the income could start at any time. If you do not own a piece of ASIC MINER by the time the conference is over and the news released, might as well sit tight and wait for 2015 since I see no other investments that offer this type of return and excitement. Simply being honest as a company puts you into the top 10% of investments in this industry. Still hard to fathom how people sold 100's of share at 0.15-0.2BTC weeks before the tsunami.

[DebitMe]

Per
https://bitcoinwisdom.com/bitcoin/difficulty
Hashrate in middle of July was roughly 100,000,000 GH/s, today it is closer to 140,000,000.  Obviously that is not all Friedcat, but we can reasonably assume he has maybe half or so of that increase.


Below is quick math, someone please check.

Friedcat had roughly 30,000 TH/s deployed with each blade doing ~10 GH/s in the middle of 2013.

That is roughly 3,000,000 blades with 32 chips per blade or 96,000,000 chips (not sure if thats right, seems high).

Someone check that math (its gotta be wrong) before we look at the hashrate of deploying that many chips with current gen chips.

[ensurance982]

Fried "Kong"

(Sponganglies = Prehistoric Lizard)

Can anyone summarize what actually happened with Spondoolies' new chips and miners? I heard there may have been some problems recently? They seemed to know their stuff pretty well, what happened? (Please, not in an all-to-bashy-pro-AM-like-Jimmothy-way )

[Whtwabbit]

Fried "Kong"

(Sponganglies = Prehistoric Lizard)

Can anyone summarize what actually happened with Spondoolies' new chips and miners? I heard there may have been some problems recently? They seemed to know their stuff pretty well, what happened? (Please, not in an all-to-bashy-pro-AM-like-Jimmothy-way )

Suicide child bomber took out their manufacturing plant? (pure speculation)

Disclaimer - I hold AsicMiner shares

[atx.btc]

I haven't seen any pictures of old ladies holding up pictures of blades and Friedcat 4 president signs since the announcement of the cat!

look 4 posts before FC's... 

[ensurance982]

I haven't seen any pictures of old ladies holding up pictures of blades and Friedcat 4 president signs since the announcement of the cat!

look 4 posts before FC's... 

Yeah, before FC's post!!! But not since then! Do you believe, maybe, those pictures summoned him somehow? Can we plot a graph of those pictures and the time he actually posts?

[atx.btc]

maybe you're onto something....

FC's running for President. You heard it here first folks. Announcement 8/2/14

[ensurance982]

maybe you're onto something....

FC's running for President. You heard it here first folks. Announcement 8/2/14

Yeah, that'd be something! But where, in China or in the US, or maybe the European Union? He could make Bitcoin a FIAT currency

[JimiQ84]

Per
https://bitcoinwisdom.com/bitcoin/difficulty
Hashrate in middle of July was roughly 100,000,000 GH/s, today it is closer to 140,000,000.  Obviously that is not all Friedcat, but we can reasonably assume he has maybe half or so of that increase.


Below is quick math, someone please check.

Friedcat had roughly 30,000 TH/s deployed with each blade doing ~10 GH/s in the middle of 2013.

That is roughly 3,000,000 blades with 32 chips per blade or 96,000,000 chips (not sure if thats right, seems high).

Someone check that math (its gotta be wrong) before we look at the hashrate of deploying that many chips with current gen chips.

It was 30-50 TH/s, not 30,000 TH/s :-)

[ensurance982]

Per
https://bitcoinwisdom.com/bitcoin/difficulty
Hashrate in middle of July was roughly 100,000,000 GH/s, today it is closer to 140,000,000.  Obviously that is not all Friedcat, but we can reasonably assume he has maybe half or so of that increase.


Below is quick math, someone please check.

Friedcat had roughly 30,000 TH/s deployed with each blade doing ~10 GH/s in the middle of 2013.

That is roughly 3,000,000 blades with 32 chips per blade or 96,000,000 chips (not sure if thats right, seems high).

Someone check that math (its gotta be wrong) before we look at the hashrate of deploying that many chips with current gen chips.

It was 30-50 TH/s, not 30,000 TH/s :-)

I think that comma isn't a decimal comma, but rather indicating that it is 30 point zero TH/s. Screw the differences between those notations!!!

[DebitMe]

Per
https://bitcoinwisdom.com/bitcoin/difficulty
Hashrate in middle of July was roughly 100,000,000 GH/s, today it is closer to 140,000,000.  Obviously that is not all Friedcat, but we can reasonably assume he has maybe half or so of that increase.


Below is quick math, someone please check.

Friedcat had roughly 30,000 TH/s deployed with each blade doing ~10 GH/s in the middle of 2013.

That is roughly 3,000,000 blades with 32 chips per blade or 96,000,000 chips (not sure if thats right, seems high).

Someone check that math (its gotta be wrong) before we look at the hashrate of deploying that many chips with current gen chips.

It was 30-50 TH/s, not 30,000 TH/s :-)

I think that comma isn't a decimal comma, but rather indicating that it is 30 point zero TH/s. Screw the differences between those notations!!!

nope, he is right, that is where I was off.  Blah, messing up my TH to GH conversion ratio

So, 30 TH/s or 30,000 GH/s which would be 3,000 blade and 96,000 chips.

So if he deployed another 96,000 chips he would be close to 100 TH/s or about 7% of the market.  Perhaps there is a new datacenter he is acquiring/opening?

[vortex1878]

Per
https://bitcoinwisdom.com/bitcoin/difficulty
Hashrate in middle of July was roughly 100,000,000 GH/s, today it is closer to 140,000,000.  Obviously that is not all Friedcat, but we can reasonably assume he has maybe half or so of that increase.


Below is quick math, someone please check.

Friedcat had roughly 30,000 TH/s deployed with each blade doing ~10 GH/s in the middle of 2013.

That is roughly 3,000,000 blades with 32 chips per blade or 96,000,000 chips (not sure if thats right, seems high).

Someone check that math (its gotta be wrong) before we look at the hashrate of deploying that many chips with current gen chips.

It was 30-50 TH/s, not 30,000 TH/s :-)

I think that comma isn't a decimal comma, but rather indicating that it is 30 point zero TH/s. Screw the differences between those notations!!!

nope, he is right, that is where I was off.  Blah, messing up my TH to GH conversion ratio

So, 30 TH/s or 30,000 GH/s which would be 3,000 blade and 96,000 chips.

So if he deployed another 96,000 chips he would be close to 100 TH/s or about 7% of the market.  Perhaps there is a new datacenter he is acquiring/opening?

100T is around 0.07% of the total BTC network.

Btw 96,000 BE200 chips are around 1000T which would be around 0.7% of the total BTC network.

Please leave the calculations to others...

[ensurance982]

100T is around 0.07% of the total BTC network.

Btw 96,000 BE200 chips are around 1000T which would be around 0.7% of the total BTC network.

Please leave the calculations to others...

Do you have any idea or conjecture how much PH/s Friedcat is going to deploy over the coming months? Any expectations, people?

[DebitMe]

100T is around 0.07% of the total BTC network.

Btw 96,000 BE200 chips are around 1000T which would be around 0.7% of the total BTC network.

Please leave the calculations to others...

Do you have any idea or conjecture how much PH/s Friedcat is going to deploy over the coming months? Any expectations, people?

Bah, at work filing tax returns and numbers are starting to mesh, hence why I said to check my math.

No idea at all.  Simply taking what he was previously able to deploy, which I assumed was his maximum capacity at the time and extrapolating what it would be now if he was able to achieve the same success level.  Obviously, he states that it will be over those calculations, and as such, one can only assume he is acquiring a new data center or doing something differently than in 2013.

[silverfuture]

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.

Average hashrate percentage peaked at over 30% of total network in 2013. If that can be achieved again...lookout.

[sharky101]

With DataTank going quiet i'm wondering how involved they are with the cat's plan.

[ensurance982]

With DataTank going quiet i'm wondering how involved they are with the cat's plan.

Have they really gone quiet? The last thing I heard was that they called off their IPO on Havelock because some mysterious investor wanted to pay for that himself. Could that be AM? Have there been additional events since the IPO got cancelled???

[JoTheKhan]

With DataTank going quiet i'm wondering how involved they are with the cat's plan.

Have they really gone quiet? The last thing I heard was that they called off their IPO on Havelock because some mysterious investor wanted to pay for that himself. Could that be AM? Have there been additional events since the IPO got cancelled???

They have no reason to post on here if they are not seeking funding on this forum anymore. That is what he means by "gone quiet".