ASICMINER: Entering the Future of ASIC Mining by Inventing It

[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".

[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???

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".

Yeah, I know. But maybe someone actually heard what was going on over there, maybe stayed in contact or something. I guess people like antirack, who are big immersion-cooling enthusiasts may know more about what's going on behind doors!

[jimmothy]

I guess people like antirack, who are big immersion-cooling enthusiasts may know more about what's going on behind doors!

He's not only an enthusiast, he is the co-founder of datatank.

[ensurance982]

I guess people like antirack, who are big immersion-cooling enthusiasts may know more about what's going on behind doors!

He's not only an enthusiast, he is the co-founder of datatank.

Oh he really is? I always figured he was involved or doing business with that company, but didn't know he really was a founder of that company!!! So yeah, why isn't he telling us anything?

[JoTheKhan]

I guess people like antirack, who are big immersion-cooling enthusiasts may know more about what's going on behind doors!

He's not only an enthusiast, he is the co-founder of datatank.

Oh he really is? I always figured he was involved or doing business with that company, but didn't know he really was a founder of that company!!! So yeah, why isn't he telling us anything?

Have you asked him anything?

[freedomno1]

Brief Answers to Shareholder Questions

7) What is the status of self mining? What is the rollout schedule for the data centers?

8 ) What is the status of franchising partners? When can we expect to see income from them?

We will report the more detailed status to the board first. The short answer is that deploying and financing is easy while getting cheap electricity and proper device solution takes time. When we have farms running we can update the related information with real time hash rate.

9) Can you please clarify this sentence from 21st April : "The dividend schedule will be aggressive, as AM will not require large sums of retained capital." < is this still actual, or meanwhile something changed?

It is still actual. The condition in May is not a part of the plan. When we were forecasted permissively about this summer's production power of the fab, we ordered as many wafers as we could to prevent the bottleneck with wafer production.

12) What is the cash flow ratio between the amount of Chips Fabricated and the percentage of the batch that is dedicated to cost.

There are no orders dedicated to cost in the short time. So it's 1:0.

15) Will the funds from future Gen 3 chips be used to fund Gen 4 chips or distributed as a dividend, and what relative percentage of income will be retained for Gen 4?

Both. 1/3 as forecasted.

16) Previously our Asicminer farm was mining bitcoins and distributing a weekly dividend, will Asicminer update its present hash rate in the mining farms to account for current difficulty changes and to procure a secondary supply of Bitcoins to adapt for rapid changes in Bitcoin prices?

Yes. But that should be when we replace the farm with BE200 based devices, otherwise it is no point considering the 0.12-0.15$/kwh electricity price we get for our old farms.

20) What are the future plans and visions of Asicminer?

There will be at least two generations ahead. If future Bitcoin market cap allows there can be more. As we are keeping the chip design capability to grow with state-of-the-art technology as well as good channels with fabrication we can be flexible in terms of business mode be it chip-based or device-based.

Lets see I guess I would request the calculator for hashrate but what Friedcat has announced is very consistent with his previous questions.
The mining address and the estimated time for the farms to start running with the updated units

From today

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.

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.

[ensurance982]

I guess people like antirack, who are big immersion-cooling enthusiasts may know more about what's going on behind doors!

He's not only an enthusiast, he is the co-founder of datatank.

Oh he really is? I always figured he was involved or doing business with that company, but didn't know he really was a founder of that company!!! So yeah, why isn't he telling us anything?

Have you asked him anything?

No, he usually appears whenever people are talking about immersion cooling or mention the word 'Novec'. Let's see if it works out...

[Swordsoffreedom]

I guess people like antirack, who are big immersion-cooling enthusiasts may know more about what's going on behind doors!

He's not only an enthusiast, he is the co-founder of datatank.

Oh he really is? I always figured he was involved or doing business with that company, but didn't know he really was a founder of that company!!! So yeah, why isn't he telling us anything?

Have you asked him anything?

No, he usually appears whenever people are talking about immersion cooling or mention the word 'Novec'. Let's see if it works out...

Guess you could just ask him a question according to the doc he does have an interview in a few days so no need to be uncertain on it.

[DjPxH]

Wow, so times are heating up again around AM? I really thought it might've tried to fly too close to the sun. Really interested in seeing their new mining solutions and whether they can hold up to those bold promises!

[Ozziecoin]

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.

Everyone, please provide your guess on how many Btcs AM will be able to mine in the next 6 months.  List below.

[Swordsoffreedom]

Everyone, please provide your guess on how many Btcs AM will be able to mine in the next 6 months.  List below.

5% of the blocks found averaged over a year
The number of Bitcoins generated per block starts at 50 and is halved every 210,000 blocks (about four years).
Now The number of Bitcoins generated per block starts at 25 and is halved every 210,000 blocks (about four years).

So 52500 a year on average
5% of that a year is 2625 Blocks a Year
2625 Blocks * 25 BTC = 65625 BTC

65625 BTC/ 400,000 Shares = 0.1640625 BTC/Share Per Annum

[arousedrhino]

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.

Everyone, please provide your guess on how many Btcs AM will be able to mine in the next 6 months.  List below.

How about we go use the speculation thread for what its supposed to be used for Speculation.
https://bitcointalk.org/index.php?topic=235763