ASICMINER: Entering the Future of ASIC Mining by Inventing It

[JoTheKhan]

hum yea dont mean to rush things and all that but uh, what would this be referring to?

(on isaicminer.com home page)

It looks like a snapshot of the network at a previous time. Could it be a display of how the network is while a customer is mining? 80PH would be about 50% of the network right now.

Believe this is old information to monitor the entire network.

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[Newar]

Current difficulty: 19,729,645,941
http://bitcoindifficulty.com/

[Swordsoffreedom]

It looks like stub, a placeholder for active content to be added later.

Yep its definitely a placeholder a nice one though especially when you take into account the present difficulty is almost 20 billion at present.
Heh last year at this time it was 50 million 

[Gws24]

lol, at 5.8 blocks per hour they would be mining almost all blocks so it's definitely just a placeholder.

[jjdub7]

Solo-mining or...(and think about it)...in Discus Fish?  Would explain DF's steady growth to parallel GHash over the past 2 months...

[bitdude]

BTC0.34 

No comments on this?

[hdbuck]

BTC0.34 

No comments on this?

rise and shine baby. rise and shine

[lan787]

BTC0.34 

No comments on this?

btc/usd tanked

[sporket]

BTC0.34  

No comments on this?

btc/usd tanked

And Bitcoin investors don't quite grasp that the value of Bitcoin ASICs depends on said bitcoins having value.

So that twelve-year-olds could understand:
You can charge more for Bitcoin miners when Bitcoin is worth more.  You can't sell Bitcoin miners at all if Bitcoin is worthless, or when the electricity costs are higher than the price of the coins mined with it.

[sporket]

BTC0.34  

No comments on this?

btc/usd tanked

And Bitcoin investors don't quite grasp that the value of Bitcoin ASICs depends on said bitcoins having value.

That is not the point.

These bitcoin investors are bullish concerning the long term value of bitcoin in USD.
And now they have to spend less dollars to get the same amount of shares promising the same amount of dividends in BTC!

I can see why Bitcoin bulls would be buying Bitcoin now, but why would they be more inclined to spend that bitcoin on AM?
Are you suggesting that spending one BTC on AM shares now would get you more dividends per BTC later?

[dhenson]

BTC0.34 

No comments on this?

btc/usd tanked

And Bitcoin investors don't quite grasp that the value of Bitcoin ASICs depends on said bitcoins having value.

Bitcoin/USD exchange rate being down helps us as AM investors.  FC has already paid for the materials to build our mine (fairly safe assumption), he is going to be able to bring online a static amount of hash-power.  Lower btc/usd value means less new entrants into the mining ecosystem, less investment from current participants and generally slower network growth.  Lower btc/usd value means that we will be able to hold a larger % of the network for longer increasing our BTC dividends. (which is what I care about at this stage)

As someone who has no interest in selling BTC for a long while, this is all positive in my eyes.

[sporket]

BTC0.34  

No comments on this?

btc/usd tanked

And Bitcoin investors don't quite grasp that the value of Bitcoin ASICs depends on said bitcoins having value.

Bitcoin/USD exchange rate being down helps us as AM investors.  FC has already paid for the materials to build our mine (fairly safe assumption), he is going to be able to bring online a static amount of hash-power.  Lower btc/usd value means less new entrants into the mining ecosystem, less investment from current participants and generally slower network growth.  Lower btc/usd value means that we will be able to hold a larger % of the network for longer increasing our BTC dividends. (which is what I care about at this stage)

As someone who has no interest in selling BTC for a long while, this is all positive in my eyes.

This is predicated on other players not having sunk money into their product--an unjustified assumption.
Lower BTC/USD price makes mining less profitable--electricity and hosting costs, which must be paid in fiat, remain constant, while the return--price of the mined BTC--is lower.
It's reasonable to assume that the price one can charge for hashpower will also be lower.

[bitdude]

BTC0.34  

No comments on this?

btc/usd tanked

And Bitcoin investors don't quite grasp that the value of Bitcoin ASICs depends on said bitcoins having value.

Bitcoin/USD exchange rate being down helps us as AM investors.  FC has already paid for the materials to build our mine (fairly safe assumption), he is going to be able to bring online a static amount of hash-power.  Lower btc/usd value means less new entrants into the mining ecosystem, less investment from current participants and generally slower network growth.  Lower btc/usd value means that we will be able to hold a larger % of the network for longer increasing our BTC dividends. (which is what I care about at this stage)

As someone who has no interest in selling BTC for a long while, this is all positive in my eyes.

This is predicated on other players not having sunk money into their product--an unjustified assumption.
Lower BTC/USD price makes mining less profitable--electricity and hosting costs, which must be paid in fiat, remain constant, while the return--price of the mined BTC--is lower.
It's reasonable to assume that the price one can charge for hashpower will also be lower.

depends on your capital and whether you sell devices or mine

[silverfuture]

BTC0.34  

No comments on this?

btc/usd tanked

And Bitcoin investors don't quite grasp that the value of Bitcoin ASICs depends on said bitcoins having value.

Bitcoin/USD exchange rate being down helps us as AM investors.  FC has already paid for the materials to build our mine (fairly safe assumption), he is going to be able to bring online a static amount of hash-power.  Lower btc/usd value means less new entrants into the mining ecosystem, less investment from current participants and generally slower network growth.  Lower btc/usd value means that we will be able to hold a larger % of the network for longer increasing our BTC dividends. (which is what I care about at this stage)

As someone who has no interest in selling BTC for a long while, this is all positive in my eyes.

This is predicated on other players not having sunk money into their product--an unjustified assumption.
Lower BTC/USD price makes mining less profitable--electricity and hosting costs, which must be paid in fiat, remain constant, while the return--price of the mined BTC--is lower.
It's reasonable to assume that the price one can charge for hashpower will also be lower.

That is true, which is why a company like AM who has lots of already paid for, inexpensive, in-hand hardware will do better than those who are hoping to sell pre-orders to fund their next round of NRE, chips, etc.  The squeeze is on for all asic producers and miners and the ones in the best reputation and position to ride it out will be the ones left standing.

[sporket]

BTC0.34  

No comments on this?

btc/usd tanked

And Bitcoin investors don't quite grasp that the value of Bitcoin ASICs depends on said bitcoins having value.

Bitcoin/USD exchange rate being down helps us as AM investors.  FC has already paid for the materials to build our mine (fairly safe assumption), he is going to be able to bring online a static amount of hash-power.  Lower btc/usd value means less new entrants into the mining ecosystem, less investment from current participants and generally slower network growth.  Lower btc/usd value means that we will be able to hold a larger % of the network for longer increasing our BTC dividends. (which is what I care about at this stage)

As someone who has no interest in selling BTC for a long while, this is all positive in my eyes.

This is predicated on other players not having sunk money into their product--an unjustified assumption.
Lower BTC/USD price makes mining less profitable--electricity and hosting costs, which must be paid in fiat, remain constant, while the return--price of the mined BTC--is lower.
It's reasonable to assume that the price one can charge for hashpower will also be lower.

depends on your capital and whether you sell devices or mine

Makes no difference whether you mine or sell.
Self-mining requires hosting and electricity--both to be paid in fiat.  When (electricity+hosting) cost more than (the bitcoins mined with that electricity and hosting), the gear is at the break-even point--it is worth nothing.  That's why both miners and ASIC manufacturers depend on high Bitcoin exchange rate.
No one in his right mind would spend money on mining gear that doesn't break even.*
*Truth.  Unchanged by the fact that Bitcoin miners have done just that.  Constantly.   AM's business model relied on the coin of these lunatics.  As did pretty much every other ASIC manufacturer.

[sporket]

...
This is predicated on other players not having sunk money into their product--an unjustified assumption.
Lower BTC/USD price makes mining less profitable--electricity and hosting costs, which must be paid in fiat, remain constant, while the return--price of the mined BTC--is lower.
It's reasonable to assume that the price one can charge for hashpower will also be lower.

That is true, which is why a company like AM who has lots of already paid for, inexpensive [citation needed], in-hand [citation needed] hardware will do better than those who are hoping to sell pre-orders to fund their next round of NRE, chips, etc.  The squeeze is on for all asic producers and miners and the ones in the best reputation and position to ride it out will be the ones left standing.

I'm not disputing that the best ASIC manufacturers will be the ones left standing, merely that *ALL* ASIC manufacturers will suffer from lower BTC exchange rate.  This should be obvious.

[trek27]

I think dhenson raised here very interesting aspect:

Lower btc/usd price surely can have positive impact on the most efficient players (hopefully AM included ) simply because it hurts more weaker competition. Of course at certain point (low enough btc price) AM could become the victim - hopefully this point is far, far away from here.  

[CoinBomb]

although AM just started pricing in BTC. this drop will hurt profits a lot, unless prices are rebased.

[hdbuck]

although AM just started pricing in BTC. this drop will hurt profits a lot, unless prices are rebased.

The drop is just going to boost the sales hard. There is quantity to be sold, and by then, back to $600-700 easy.

[freedomno1]

although AM just started pricing in BTC. this drop will hurt profits a lot, unless prices are rebased.

the drop is just going to boost the sales hard. and by then, back to $600-700 easy.

It could be a double dip play if it times fairly well
Price decrease increasing bitcoin value + dividend stream when the price goes back up so its definitely interesting.
Kind of bummed the bitcoin price is dropping hard but it'll come back again to 420 1 Last time XD