ASICMINER: Entering the Future of ASIC Mining by Inventing It

[hdbuck]

Lol, *I* invested in AM?  And on Havelock?

Well then piss off man. Who the hell do you think you are? What have you done that could give any value to your opinion? Although i dont give a sh*t about it, especially if you have no interestest in AM. Seriously get a life.

[NotLambchop]

Don't sell yourself short, hdbuck.  I consider correcting you my noblesse oblige.  It's not even that trying.

[silverfuture]

You guys are correct. Troll. Ignored

[Juzzers]

Lol, *I* invested in AM?  And on Havelock?


P.S:  If you're happy with turning 4.5 BTC into 0.25 BTC, I doubt we have much in common.  I'm happy making money, you're happy losing it. Spectacularly.
Vive la difference, I suppose. 

Wow, what a pompous, sad excuse for a human being.

Ignored.

[lunarboy]

please stop quoting this troll.    ^^

[hl5460]

Sorry guys, FC didn't show up in the closed session of meetup in Guangzhou on 24th August and we have to submit the questions collected through email.
However, we did bring some update on other mining sectors in China:
Original post here.
Information is for reference only.

Lightening Asic：
1.   Always on the lookout for better chips
2.   Israeli chips：single chip @180G(<40USD)， 0.55w/G(on wall), whole set= 4.5T(3kw)，28nm。
3.   LTC：1M/13W，28nm。
4.   Coordinate to deploy ATM, sell and buy.
5.   Mycoin will be dead within 2 month unless VC show money.

Ant miner：
1.   28nm Gen1，0.77W/G，chips running out of stock in mid July
2.   28nm Gen2，power down by 30%，will be released in 2 month.
3.   Might dig into LTC。
4.   Franchised mining，ant take 85%，partner take 15%。
5.   Negotiate with https://www.hashnest.com/ to list ghash trades.

Southern Mountain（mining farm）：
1.   Be aware of the natural hazard when picking mining farm。
2.   Been looking for location with low power rate, 0.3RMB/kwh might be found in Thailand.
3.   Around 1P has been deployed with power 0.7RMB/KWH
4.   Mining industry is good for traditional industry capital.

POW88
1.   Partnering with btcig and btcside.
2.   Currently hashing at 110T
3.   Might open secondary trade(?)

WALTC mining pool
1.   Pool ceased operation
2.   turn into mining farm，power 0.58–0.65 RMB/kwh，data center @IDC T3 with power supply of 5000–6000KVA

Western Miner
1.   43M， 1000W
2.   55nm
3.   Stay away from BTC

BTC123
1.   Mining farm in Inner Mongolia along with HUOBI

RockMiner
1.   Hope to achieve 1W/G through d


Zhibiao Pan（forwarded message）
1.   Mining far，power rate 0.65RMB，Phase 1=6000KWH
2.   agent patch of cgminer，might reduce rejection rate and raise 1% of hashing rate.

Farm Owner Li in Inner Mongolia
1.   Phase 1: 80,000 KWH
2.   Phase 2: 80,000 KWH
3.   Power rate is negotiable.


37pool
1.   In-depth cooperation with BlockMeta.info
2.   Supply mining data as transparent as possible


Stone Lee
1.   Study pool


Bee Miner
1.   OEM, now working with ASICMINER
2.   Bee Hive Solution。1Tat 800w(on wall)
3.   Bee mining pool
4.   Cloud hashing
5.   High density deployment，300m2/5P
6.   Scrypt Algo chips 40nm，sample 60M with 600w(on wall), ready for tape out.
7.   Open for investment


Zhao Dong
1.   Joined mining with investment of 3m from Leon Li and 2m from Mingxing Xu

Wu Gang:
1.   Author of cgminer will release ckpool

[wasubii]

Thanks for that info.

Its a shame FC wasn't there to interview

[ensurance982]

Thanks for that info.

Its a shame FC wasn't there to interview

Yeah, those information are very much appreciated! Let's just hope that fc didn't make it because he is completely busy deploying that giant amount of hash rate! A couple of blocks ago we've just had another medium sized difficulty increase!

[drasted]

RockMiner
1.   Hope to achieve 1W/G through d

Through what?

[ensurance982]

RockMiner
1.   Hope to achieve 1W/G through d

Through what?

My guess would be dark magic But yeah, it is possible to squeeze that kind of efficiency from the BE200s, they do need to build large and powerful miners in order to push the overhead down by as much as possible!

[hdbuck]

RockMiner
1.   Hope to achieve 1W/G through d

Through what?

Through reduced frequency

[ensurance982]

The ASICMiner mining address just received a whooping 0.5 BTC made up from multiple rather small inputs: https://blockchain.info/address/1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24i Franchised mining? Would be a rather small one I guess. What do you guys think?

[ewibit]

who is this?
https://blockchain.info/address/1Nd99aNgYWpKkqcqSMgWtdtVDadewAS5F7

[stompysteve]

who is this?
https://blockchain.info/address/1Nd99aNgYWpKkqcqSMgWtdtVDadewAS5F7

They probably have about 8 ph

[webbrowser]

I reckon it's about 10PH.

Organofcorti figures it to be about 9.3PH, and pointed out that GHash lost 10PH on the same day that 1Nd99 started mining.

[ensurance982]

I reckon it's about 10PH.

Organofcorti figures it to be about 9.3PH, and pointed out that GHash lost 10PH on the same day that 1Nd99 started mining.

So GHash.IO really is redirecting some of their hash rate to other addresses in order to cover up that they indeed still do have 50% or more of the entire network. If there's one conspiracy theory I'd be willing to consider, it is this one!

[webbrowser]

Who knows?  Ghash also seemed to be experiencing a bunch of problems at the same time. Maybe whoever operated this mining farm simply decided it was better to solo mine.

On the other hand, most farms have pretty hefty electrical bills to pay. By leaving 9 days of mining rewards untouched, perhaps this farm really has another big chunk of hashing power elsewhere that can pay the bills.

[ensurance982]

Who knows?  Ghash also seemed to be experiencing a bunch of problems at the same time. Maybe whoever operated this mining farm simply decided it was better to solo mine.

On the other hand, most farms have pretty hefty electrical bills to pay. By leaving 9 days of mining rewards untouched, perhaps this farm really has another big chunk of hashing power elsewhere that can pay the bills.

Could also be that they just speculated for the price to go up again, only to realize that it seemingly doesn't anytime soon. Thus they had to turn off their gear. I'm always puzzled that difficulty adjustments don't come with a sudden drop in hash rate!

[SaintFlow]

Coupon rule:

For each device purchased, you get a 0.05 btc coupon. The price of each new purchased device can only be reduced by one coupon. Coupon works not only for round 2 sales, but also all future devices that are priced at more than 0.05 btc each.

how about 0,05 for every sharehodler??? God knows the ride from 4 to here was hard.

So how many circuitboards are starting to collect dust unassembled for how many weeks
while difficulty explodes double digit style?

[Mabsark]

I'm starting to lose some trust in Friedcat, not because of the lack of shareholder info though. I noticed a mistake in the Round 2 pricing and he basically just brushed it off as there not being any mistake at all.

Round 2 Sales
Full 10-devices set including:
  40 Hashing Units
  40 Thermal Pads (optional, on demand)
  3 Ethernet Controllers (1 for redundancy. One controller can in principle drive as many as 8 full devices)
  10 Cooling Kits
  10 Fans
  Free Assembling
7.9 BTC/set

Hashing Unit: 0.160 BTC/piece for <400 pieces
                   MOQ at 40 pieces. (Each unit hashes at 200-215GH/s in typical clock)

Thermal Pad: 0.007 BTC/piece. MOQ at 40 pieces.

Ethernet Controller: 0.069 BTC/piece. MOQ at 2 pieces.

Cooling Kit: 0.069 BTC/set. MOQ at 10 sets.

Fan: 0.014 BTC/piece. MOQ at 10 pieces.

If you do the maths, you'll see that the total actually comes to 7.717 BTC not 7.9 BTC. I pointed this out to FC who said that the 7.9 BTC price includes assembly. The post clearly states "Free assembling" and FC has made numerous posts about preferring to ship unassembled. It just makes no sense whatsoever. I've also pointed that out to him but haven't heard back from him yet and the post hasn't been corrected.

I'm surprised no potential buyers have pointed this out in the sales thread yet.