ASICMINER: Entering the Future of ASIC Mining by Inventing It

[necro_nemesis]

The first course of action was carried out we are now seeing the second; the point of which to branch was reached by volume of sales. Self mining is far from a new idea and the advantage to remain competitive as mining evolves remains with limiting expenses. One should also consider that the equipment, facilities and infrastructure will likely support future generations of ASICs when the need to upgrade arrives. This is far more cost competitive than the individual trying to compete with purchased systems.

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[RoadStress]

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 was thinking the same thing, but if I said it out loud the fanboys would start to complain that I'm a SP-Tech shill. Not self-mining from the start and doing it right now = lost money.

[DjPxH]

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 was thinking the same thing, but if I said it out loud the fanboys would start to complain that I'm a SP-Tech shill. Not self-mining from the start and doing it right now = lost money.

But it could have worked out. Do you really think friedcat didn't run the numbers himself through and through and considered going self-mining from the very beginning? I guess he had good intentions and reasons for trying to sell the chips.

[gogxmagog]

ASICminer is a long range investment. The salon's main theme is "mining in the age of exahash", which we have not reached yet but will very soon. I like this sort of forward thinking. If FC was running around trying to mine all the coins at present network rates he would be playing a loser's game. Seems like he is already making moves to stay afloat in an exponentially growing network (franchising, R&D on newer better chips, open sourcing, community building amongst miners) Solo mining is very lovely to give ADD shareholders something to fixate on, but long term success requires more focus on innovative approach. It is more or less a given (and known for quite some time already) that the future of mining belongs to giant industrial operations. If FC has plans to move on that market, which I believe he very much has, we are in a great position. Bring on the salon, I hope there are many fluent chinese/english speakers ready to relay all that goes on there. I think we will hear some bold new strategies to take us into the age of exahash as leaders of the game!

yes, I hold shares in ASICminer, and yes I'm cheerleading. Go team!

[silverfuture]

ASICminer is a long range investment. The salon's main theme is "mining in the age of exahash", which we have not reached yet but will very soon. I like this sort of forward thinking. If FC was running around trying to mine all the coins at present network rates he would be playing a loser's game. Seems like he is already making moves to stay afloat in an exponentially growing network (franchising, R&D on newer better chips, open sourcing, community building amongst miners) Solo mining is very lovely to give ADD shareholders something to fixate on, but long term success requires more focus on innovative approach. It is more or less a given (and known for quite some time already) that the future of mining belongs to giant industrial operations. If FC has plans to move on that market, which I believe he very much has, we are in a great position. Bring on the salon, I hope there are many fluent chinese/english speakers ready to relay all that goes on there. I think we will hear some bold new strategies to take us into the age of exahash as leaders of the game!

yes, I hold shares in ASICminer, and yes I'm cheerleading. Go team!

Nice.

[Swordsoffreedom]

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 was thinking the same thing, but if I said it out loud the fanboys would start to complain that I'm a SP-Tech shill. Not self-mining from the start and doing it right now = lost money.

Na it was a calculated gamble and risk that didn't just pay off I wouldn't call that shilling its just that it didn't work out this time
Some money was lost there though.

ASICminer is a long range investment. The salon's main theme is "mining in the age of exahash", which we have not reached yet but will very soon. I like this sort of forward thinking. If FC was running around trying to mine all the coins at present network rates he would be playing a loser's game. Seems like he is already making moves to stay afloat in an exponentially growing network (franchising, R&D on newer better chips, open sourcing, community building amongst miners) Solo mining is very lovely to give ADD shareholders something to fixate on, but long term success requires more focus on innovative approach. It is more or less a given (and known for quite some time already) that the future of mining belongs to giant industrial operations. If FC has plans to move on that market, which I believe he very much has, we are in a great position. Bring on the salon, I hope there are many fluent chinese/english speakers ready to relay all that goes on there. I think we will hear some bold new strategies to take us into the age of exahash as leaders of the game!

yes, I hold shares in ASICminer, and yes I'm cheerleading. Go team!

Go team Go!

[Mabsark]

I've just created a poll to see how people would prefer AM to mine.

https://bitcointalk.org/index.php?topic=717839.0

[feifa]

The total Hashrate has arrived to 160,000,000 G.

[hdbuck]

The total Hashrate has arrived to 160,000,000 G.

plug em bitchezz in!
cant wait for that site to work again: http://www.asicminercharts.com/live/
maybe right after the conf?

[feifa]

The total Hashrate has arrived to 160,000,000 G.

plug em in bitchezz!
cant wait for that site to work again: http://www.asicminercharts.com/live/
maybe right after the conf?

Ha, Hope so

[EternalWingsofGod]

The total Hashrate has arrived to 160,000,000 G.

plug em bitchezz in!
cant wait for that site to work again: http://www.asicminercharts.com/live/
maybe right after the conf?

Ask SmiGueL
Created by SmiGueL - Tips and donations: 1SmiGV3fM4BGr6JbtFwXaaLvebpbq4Fvg 

[stompysteve]

Update
self mining has re-started from middle of July

Care to share the mining address 
cant wait to see what happens on the 2nd

[Ozziecoin]

Let the man work. He has said he is independent and is working exclusively for shareholders to get the best outcome. Business in real life is hard. Misses are part of the journey. I'll be in for the long haul.

[trek27]

Let the man work. He has said he is independent and is working exclusively for shareholders to get the best outcome. Business in real life is hard. Misses are part of the journey. I'll be in for the long haul.

+1

Recent rise could have eaten a lot of short term upside potential but if AM's turnaround is for real then gen4 coupled with new deployment capabilities could be spectacular.

[DjPxH]

The total Hashrate has arrived to 160,000,000 G.

Interestingly AM could still achieve 10% of the total network by putting the 20 PH/s to work they thought were possible even in China alone!

3) What capacity of gen 3 hardware is supposed to be used for franchised mining?
re 3) Depending on the capacity of our franchisees. We personally think 20P could be possible even inside China.

[bitdude]

Any bets on FC's age? Like is he older than 20 or so?

[stompysteve]

Why are people selling out when we are about to start mining or already have/big news

[Chris_Sabian]

Any bets on FC's age? Like is he older than 20 or so?

In the first few posts on this thread FC said that he had IC experience so I would bet that he is 35-40.

[RoadStress]

Why are people selling out when we are about to start mining or already have/big news

Look to my previously posted concerns and you will see another point of view.

[Lincoln6Echo]

@roadstress:

You aren't a shareholder of AM so why do you care about AM so much?

obvious answer 1: You are afraid of AM kicking Spoondoodilidoos ass.
obvious answer 2: You are grumpy cat and don't know what to do with your free time.