ASICMINER: Entering the Future of ASIC Mining by Inventing It

[Fordee]

 ..  Yup...   someone is it in for more than just quick div's, or they would just buy up AM100s... the spread right now is huge..

  Friedcat must have some spectacular news... Can't wait for the August Salon...

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[freedomno1]

..  Yup...   someone is it in for more than just quick div's, or they would just buy up AM100s... the spread right now is huge..

  Friedcat must have some spectacular news... Can't wait for the August Salon...

The market is more or less waiting a few days for the press conference from Friedcat
So pretty much a standby to evaluate where to go
Hmm although I just noticed it went to 0.35 maybe it was good news.

[empoweoqwj]

..  Yup...   someone is it in for more than just quick div's, or they would just buy up AM100s... the spread right now is huge..

  Friedcat must have some spectacular news... Can't wait for the August Salon...

The market is more or less waiting a few days for the press conference from Friedcat
So pretty much a standby to evaluate where to go
Hmm although I just noticed it went to 0.35 maybe it was good news.

Back down to 0.30 lol

I think you are right though. The August 2nd  conference will reveal much. The spread is there because people are currently speculating in a near vacuum.

Lots of "investors" appear to be manic-depressive in nature though. No news for a few weeks and they get all depressed and sell out for IPO amounts. FC opens his mouth and the price doubles, and we are back to FC for president, and going to dominate the market again.

[Fordee]

 ....  all forgetting that it was over .40 just a little while back in May, before a huge plummet/panic... 

   Even though a lot of people seem to still want out, I think .40 is still a cheap price, considering most of that will come back in div's...   So it's essentially like buying stock in the next Google, for next to free (after accounting for div's...)..

   I kind of laugh that in every companies rush to make a .28 chip, they all ran into massive problems with spec's... speed/efficency/etc..and the need for lots of fancy cooling..   No point wasting extra cash to make a 2nd mask and fix the errors..     By the time FC's  Gen4 arrives, it'll be damn near perfect, and I won't be able to afford shares..

  'Grabbing popcorn and waiting for August'.

[empoweoqwj]

....  all forgetting that it was over .40 just a little while back in May, before a huge plummet/panic... 

   Even though a lot of people seem to still want out, I think .40 is still a cheap price, considering most of that will come back in div's...   So it's essentially like buying stock in the next Google, for next to free (after accounting for div's...)..

   I kind of laugh that in every companies rush to make a .28 chip, they all ran into massive problems with spec's... speed/efficency/etc..and the need for lots of fancy cooling..   No point wasting extra cash to make a 2nd mask and fix the errors..     By the time FC's  Gen4 arrives, it'll be damn near perfect, and I won't be able to afford shares..

  'Grabbing popcorn and waiting for August'.

FC ran into efficiency problems with his Gen3 .40 chips, and that was after abandoning the earlier attempt at Gen2 ...... so AM aren't immune to chip problems at all. Will Gen4 chips be "damn near perfect"? Love to think so, but recent performance suggests its unlikely. But I'm ever hopeful (delusional?) 

[dhenson]

I'm going to cross-post this here:

This ID is in charge of the sales of AM-GEN3-MINERS.

Our official-miners are coming soon.

All resellers interested in it please msg us for more info.

Phasebird,

Are you an official employee of bitfountain/Asicminer?  

He is.

https://bitcointalk.org/index.php?topic=715382.msg8079873#msg8079873

Perhaps I could have worded my post more clearly.  Shareholders have been asking for Friedcat to appoint a community liaison for a long time.  It would appear that we may finally have been granted one, but yet it is not widely known and that liaison has not introduced himself to the main thread.  It would appear that not many know he is even here.

This is not the thread for this discussion so I will end by simply suggesting that Phasebird make his position known and give us some idea of the scope of his responsibilities.  It is possible that he is simply as friedcat said, responsible for the re-seller communication and questions regarding the meetup.

Does anyone else have any information on Phasebird and the role he/she plays at Bitfountain? 

[freedomno1]

..  Yup...   someone is it in for more than just quick div's, or they would just buy up AM100s... the spread right now is huge..

  Friedcat must have some spectacular news... Can't wait for the August Salon...

The market is more or less waiting a few days for the press conference from Friedcat
So pretty much a standby to evaluate where to go
Hmm although I just noticed it went to 0.35 maybe it was good news.

Back down to 0.30 lol

I think you are right though. The August 2nd  conference will reveal much. The spread is there because people are currently speculating in a near vacuum.

Lots of "investors" appear to be manic-depressive in nature though. No news for a few weeks and they get all depressed and sell out for IPO amounts. FC opens his mouth and the price doubles, and we are back to FC for president, and going to dominate the market again.

True enough but Friedcat is not one for very bold statements so thats probably got a bit to do with it.
That and most new investors came in when it was just going down and down and down lol...
Anyways that spread is there for a reason between the manic depressive bears (lol) and the ones who see some hope at the end of the long tunnel we've been in pretty much have a polarized market.

Well as fordee noted were retesting May 2014 lol.
(And I think April 2013 ha-ha) Can't recall btct charts those were ages ago and havelock put theirs up in May 2013
https://www.havelockinvestments.com/fund.php?symbol=AM100

[Lincoln6Echo]

last trade on Havelock for AM1 was 0.3240. Nice 

New golden buy indicator for AM:

Buy when lophie annouces to exit! You will double your Coins in no time 

[ensurance982]

I'm going to cross-post this here:

This ID is in charge of the sales of AM-GEN3-MINERS.

Our official-miners are coming soon.

All resellers interested in it please msg us for more info.

Phasebird,

Are you an official employee of bitfountain/Asicminer?  

He is.

https://bitcointalk.org/index.php?topic=715382.msg8079873#msg8079873

Perhaps I could have worded my post more clearly.  Shareholders have been asking for Friedcat to appoint a community liaison for a long time.  It would appear that we may finally have been granted one, but yet it is not widely known and that liaison has not introduced himself to the main thread.  It would appear that not many know he is even here.

This is not the thread for this discussion so I will end by simply suggesting that Phasebird make his position known and give us some idea of the scope of his responsibilities.  It is possible that he is simply as friedcat said, responsible for the re-seller communication and questions regarding the meetup.

Does anyone else have any information on Phasebird and the role he/she plays at Bitfountain? 

Na, would be interested in some information, as well. Seems to have registered on May 30. Just when the financial report of horror came in

[BitThink]

Am I the only one who interpret FC's words as "finally we failed in selling most of our chips, and now we have to change our plan to self mine and sell our own mining machine." Do you know how much value has been wasted compared with self mining or selling machines in the first place?

[elasticband]

Am I the only one who interpret FC's words as "finally we failed in selling most of our chips, and now we have to change our plan to self mine and sell our own mining machine." Do you know how much value has been wasted compared with self mining or selling machines in the first place?

Probably yes the only one, as i would say you are wrong. The plan was always to try and maximize time and profits by initially selling chips, to a point it was either easier to set up self mining again or a point sales had reduced OUR cost per miner significantly..... a bit like all the other mining companies do, take preorders, set up a mega farm and mine the magic internet gold out of the network for cheap with customers money.... *cough* KFC *cough*

[Ozziecoin]

Am I the only one who interpret FC's words as "finally we failed in selling most of our chips, and now we have to change our plan to self mine and sell our own mining machine." Do you know how much value has been wasted compared with self mining or selling machines in the first place?

I believe the chips are hot off the press. I don't know how much value has been lost. Do you know?

[necro_nemesis]

I believe FC gave the market the proper opportunity to absorb the product before this change in direction. I also believe he made it quite clear that this was a possible outcome. My preference is to see a sustainable business model that reinvests in maintaining a sizeable percentage of the network as equipment sales margins will only diminish unless there is a profound rise in the price of BTC or something profoundly cracks the current ASIC cost/efficiency situation to be highly profitable for a short term. That term being only as long as it takes for the competition to step up or the manufacturer elects to use their own equipment.

I suspect shares may be making their way to steady hands with what appears to be a longer term strategy then some had believed. Holding ground with a percentage of the network in a position of profitability appears to be a favorable option when you are benefitting from working at the most competitive costs. AM has deep enough pockets to achieve this and is already in possession of ASICs to make it happen.

[ensurance982]

I believe FC gave the market the proper opportunity to absorb the product before this change in direction. I also believe he made it quite clear that this was a possible outcome. My preference is to see a sustainable business model that reinvests in maintaining a sizeable percentage of the network as equipment sales margins will only diminish unless there is a profound rise in the price of BTC or something profoundly cracks the current ASIC cost/efficiency situation to be highly profitable for a short term. That term being only as long as it takes for the competition to step up or the manufacturer elects to use their own equipment.

I suspect shares may be making their way to steady hands with what appears to be a longer term strategy then some had believed. Holding ground with a percentage of the network in a position of profitability appears to be a favorable option when you are benefitting from working at the most competitive costs. AM has deep enough pockets to achieve this and is already in possession of ASICs to make it happen.

Yeah, exactly. Friedcat anticipated to sell the chips at a high price at a high volume. If this worked out, things would have turned out for the better already. What he is doing now is only Plan B. Plan B may be worse than the original plan, if it succeeded, but given the poor sales of the chips, Plan B is still better than letting the chips catch mold in the warehouse.

[electerium]

I believe FC gave the market the proper opportunity to absorb the product before this change in direction. I also believe he made it quite clear that this was a possible outcome. My preference is to see a sustainable business model that reinvests in maintaining a sizeable percentage of the network as equipment sales margins will only diminish unless there is a profound rise in the price of BTC or something profoundly cracks the current ASIC cost/efficiency situation to be highly profitable for a short term. That term being only as long as it takes for the competition to step up or the manufacturer elects to use their own equipment.

I suspect shares may be making their way to steady hands with what appears to be a longer term strategy then some had believed. Holding ground with a percentage of the network in a position of profitability appears to be a favorable option when you are benefitting from working at the most competitive costs. AM has deep enough pockets to achieve this and is already in possession of ASICs to make it happen.

i think you are sorely mistaken here.

Maintaining a tangible network percentage as well as selling individual miners is an enormous undertaking when you consider that every 6-8months your miners become obsolete. The amount of associated cost with designing and manufacturing new boards every 8 months is enormous. So is shipping internationally and having to deal with thousands of customers who need tech support.

The best model is what they tried-- oem sales of chips. It shovels off all the responsibility to procuring pcb boards, design of such, etc. to a 2nd party. This is preferable because they can concentrate on what they do best-- best access to foundries and ability to push chips to the market fastest and quickest. The overhead with this is by far smallest, and the points of failure of delivering a product to your customers is smallest; either your chips work or they don't. No need to design and wait for boards, powersupplies, cables, shipping materials, etc. As long as they have a strong design team down to 28nm, this is far far far preferable.

[ensurance982]

I believe FC gave the market the proper opportunity to absorb the product before this change in direction. I also believe he made it quite clear that this was a possible outcome. My preference is to see a sustainable business model that reinvests in maintaining a sizeable percentage of the network as equipment sales margins will only diminish unless there is a profound rise in the price of BTC or something profoundly cracks the current ASIC cost/efficiency situation to be highly profitable for a short term. That term being only as long as it takes for the competition to step up or the manufacturer elects to use their own equipment.

I suspect shares may be making their way to steady hands with what appears to be a longer term strategy then some had believed. Holding ground with a percentage of the network in a position of profitability appears to be a favorable option when you are benefitting from working at the most competitive costs. AM has deep enough pockets to achieve this and is already in possession of ASICs to make it happen.

i think you are sorely mistaken here.

Maintaining a tangible network percentage as well as selling individual miners is an enormous undertaking when you consider that every 6-8months your miners become obsolete. The amount of associated cost with designing and manufacturing new boards every 8 months is enormous. So is shipping internationally and having to deal with thousands of customers who need tech support.

The best model is what they tried-- oem sales of chips. It shovels off all the responsibility to procuring pcb boards, design of such, etc. to a 2nd party. This is preferable because they can concentrate on what they do best-- best access to foundries and ability to push chips to the market fastest and quickest. The overhead with this is by far smallest, and the points of failure of delivering a product to your customers is smallest; either your chips work or they don't. No need to design and wait for boards, powersupplies, cables, shipping materials, etc. As long as they have a strong design team down to 28nm, this is far far far preferable.

Yeah but if this fails and the demand isn't strong enough or maybe your chip even underperforms (gen 3), you need to resort to the things you can still do. And self-mining or franchised mining seems to be the best option now. There just hasn't been enough demand for gen 3.

[dhenson]

So, no word on the board member meeting?  Any board members feel like chiming in?

I'd love some clarification as to actual hash rate % goals, ETA and 28nm tapeout, number of chips remaining in  stock, DC vs. Datatank mining plan, the community liaison, answers to our previously submitted list of questions etc.

Thanks!

[electerium]

I believe FC gave the market the proper opportunity to absorb the product before this change in direction. I also believe he made it quite clear that this was a possible outcome. My preference is to see a sustainable business model that reinvests in maintaining a sizeable percentage of the network as equipment sales margins will only diminish unless there is a profound rise in the price of BTC or something profoundly cracks the current ASIC cost/efficiency situation to be highly profitable for a short term. That term being only as long as it takes for the competition to step up or the manufacturer elects to use their own equipment.

I suspect shares may be making their way to steady hands with what appears to be a longer term strategy then some had believed. Holding ground with a percentage of the network in a position of profitability appears to be a favorable option when you are benefitting from working at the most competitive costs. AM has deep enough pockets to achieve this and is already in possession of ASICs to make it happen.

i think you are sorely mistaken here.

Maintaining a tangible network percentage as well as selling individual miners is an enormous undertaking when you consider that every 6-8months your miners become obsolete. The amount of associated cost with designing and manufacturing new boards every 8 months is enormous. So is shipping internationally and having to deal with thousands of customers who need tech support.

The best model is what they tried-- oem sales of chips. It shovels off all the responsibility to procuring pcb boards, design of such, etc. to a 2nd party. This is preferable because they can concentrate on what they do best-- best access to foundries and ability to push chips to the market fastest and quickest. The overhead with this is by far smallest, and the points of failure of delivering a product to your customers is smallest; either your chips work or they don't. No need to design and wait for boards, powersupplies, cables, shipping materials, etc. As long as they have a strong design team down to 28nm, this is far far far preferable.

Yeah but if this fails and the demand isn't strong enough or maybe your chip even underperforms (gen 3), you need to resort to the things you can still do. And self-mining or franchised mining seems to be the best option now. There just hasn't been enough demand for gen 3.

i actually disagree.

I think the real problem with friedcat's change in business model has less to do with gen3 underperforming than it does with the fact that pcb board manufacturing is highly centralized and dominated by the chinese/taiwanese.

[ensurance982]

So, no word on the board member meeting?  Any board members feel like chiming in?

I'd love some clarification as to actual hash rate % goals, ETA and 28nm tapeout, number of chips remaining in  stock, DC vs. Datatank mining plan, the community liaison, answers to our previously submitted list of questions etc.

Thanks!

Maybe the board members are under some NDA or something. Could be that Friedcat told them about what is about to be revealed on August 2nd... He doesn't want them to spoil everyone!

[ensurance982]

I believe FC gave the market the proper opportunity to absorb the product before this change in direction. I also believe he made it quite clear that this was a possible outcome. My preference is to see a sustainable business model that reinvests in maintaining a sizeable percentage of the network as equipment sales margins will only diminish unless there is a profound rise in the price of BTC or something profoundly cracks the current ASIC cost/efficiency situation to be highly profitable for a short term. That term being only as long as it takes for the competition to step up or the manufacturer elects to use their own equipment.

I suspect shares may be making their way to steady hands with what appears to be a longer term strategy then some had believed. Holding ground with a percentage of the network in a position of profitability appears to be a favorable option when you are benefitting from working at the most competitive costs. AM has deep enough pockets to achieve this and is already in possession of ASICs to make it happen.

i think you are sorely mistaken here.

Maintaining a tangible network percentage as well as selling individual miners is an enormous undertaking when you consider that every 6-8months your miners become obsolete. The amount of associated cost with designing and manufacturing new boards every 8 months is enormous. So is shipping internationally and having to deal with thousands of customers who need tech support.

The best model is what they tried-- oem sales of chips. It shovels off all the responsibility to procuring pcb boards, design of such, etc. to a 2nd party. This is preferable because they can concentrate on what they do best-- best access to foundries and ability to push chips to the market fastest and quickest. The overhead with this is by far smallest, and the points of failure of delivering a product to your customers is smallest; either your chips work or they don't. No need to design and wait for boards, powersupplies, cables, shipping materials, etc. As long as they have a strong design team down to 28nm, this is far far far preferable.

Yeah but if this fails and the demand isn't strong enough or maybe your chip even underperforms (gen 3), you need to resort to the things you can still do. And self-mining or franchised mining seems to be the best option now. There just hasn't been enough demand for gen 3.

i actually disagree.

I think the real problem with friedcat's change in business model has less to do with gen3 underperforming than it does with the fact that pcb board manufacturing is highly centralized and dominated by the chinese/taiwanese.

He could've sold the chips easily if the mining scene was still the way it used to be in 2013, where hundreds of thousands of Avalon chips were bought and soldered onto makeshift PCBs. The competition got a lot stronger and the gen 3 chips really lost some of their appeal because they consumed about 70% more power than initially planned. That combined with the lower demand, increased competition, 2 months delay, means effectively that he couldn't sell them as well as initially planned