ASICMINER: Entering the Future of ASIC Mining by Inventing It

[vortex1878]

I did send this as a pm.
took me 5 sec. I can do this every week and will not hurt me at all.
I will even feel better for letting him know whats up. Feedback - you know.

The more people do this the more time of him gets wasted on sorting emails.
Only when this bothers him enough will he consider actually doing something.

Edit: It's not like we are asking alot. Communication does prevent war.
Even among shareholders of Asicminer. I do not think that he is incapable
to write something like:

Everything on track. Expect numbers in about 4 weeks.
OR
Dividend will not happen in August: Building greater reserves.
OR
Next shareholder meeting middle November.
OR
We would like to publicly thank Rockminer for great cooperation

If he doesn't like this thread for its quality, it might be that he does not help
to raise it himself....

As much as I would also like to see frequent updates, your approach and logic are just wrong imho.

[jdany]

I agree the SP-Tech stuff is so over priced doubt anyone will ever get positive ROI.  The AM tubes are garbage and most buyers are having issues...I made the mistake of getting one and it shipped with a dead controller. I hope AM will make some decent hardware with these BE300 chips and actually test them before shipping.

8 Tubes assembled and running.  30 seconds of disappointment with the limited pool choices.  Zero issues beyond that.
I don't agree they're garbage.

[stompysteve]

I agree the SP-Tech stuff is so over priced doubt anyone will ever get positive ROI.  The AM tubes are garbage and most buyers are having issues...I made the mistake of getting one and it shipped with a dead controller. I hope AM will make some decent hardware with these BE300 chips and actually test them before shipping.

8 Tubes assembled and running.  30 seconds of disappointment with the limited pool choices.  Zero issues beyond that.
I don't agree they're garbage.

Does it only work on the 4 pools in the HW thread, I thought there was a proxy for the rest now

Is there any source for tapeout or was that just a rumor?

[ensurance982]

"If"s don't move anything. Money move stuff.

And AM have been making money by self-mining and by selling chips and miners. We know they had 60 Ph/s and they were selling chips for around 0.5 $/G.

1) On the Balance Sheet, approximately how many chips does the current Inventory (Products + Materials + Masks) represent?

A little less than 60P of wafers, most of which are on their final stages of production. The materials consist mainly of lead frames for packaging. The mask is re-usable for years if there are continuing demands for the corresponding wafers.

10) What is the average selling price of AM gen3 chips (price per Gh/s)?

About 0.5$/G for sold chips.

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

We could use that to establish an upper limit of 30 million USD. With a mask cost of around 3 million USD, AM could pay for it through 6 Ph/s of chip sales. Given the sales of miners as well, I don't think AM will have much to worry about with regards to funding gen 4.

With BE300 correcting the mistakes of BE200 and being pin compatible with BE200, the roll-out of BE300 will be far quicker and cost less too. Quite a few manufacturers already have experience with BE200 and a well performing BE300 would be very tempting to them. The production infrastructure for building miners would already be there as well and allow rapid deployment of miners for sale and self-mining. Overall, it should be a very smooth and profitable transition if the chips perform anywhere near as well as expected.

Yeah, but chips already sold for about $0.35/GH/s in early June, so we're not achieving those prices anymore! But given the trouble with gen 3, we indeed may see gen 4 much earlier than initially planned. We could see sample chips in late October if this is true!

[jdany]

I agree the SP-Tech stuff is so over priced doubt anyone will ever get positive ROI.  The AM tubes are garbage and most buyers are having issues...I made the mistake of getting one and it shipped with a dead controller. I hope AM will make some decent hardware with these BE300 chips and actually test them before shipping.

8 Tubes assembled and running.  30 seconds of disappointment with the limited pool choices.  Zero issues beyond that.
I don't agree they're garbage.

Does it only work on the 4 pools in the HW thread, I thought there was a proxy for the rest now

Is there any source for tapeout or was that just a rumor?

Guild didn't work, so I tried Slush.
They've been there since.
From a variance perspective, it's been nice to have my equipment split between two pools.
So, I'll probably keep them pointed at slush.

I have another tube coming on Monday - I'll try guild and see what happens.

[stompysteve]

btcguild is listed under both proxy and no proxy?

I agree the SP-Tech stuff is so over priced doubt anyone will ever get positive ROI.  The AM tubes are garbage and most buyers are having issues...I made the mistake of getting one and it shipped with a dead controller. I hope AM will make some decent hardware with these BE300 chips and actually test them before shipping.

8 Tubes assembled and running.  30 seconds of disappointment with the limited pool choices.  Zero issues beyond that.
I don't agree they're garbage.

Does it only work on the 4 pools in the HW thread, I thought there was a proxy for the rest now

Is there any source for tapeout or was that just a rumor?

Guild didn't work, so I tried Slush.
They've been there since.
From a variance perspective, it's been nice to have my equipment split between two pools.
So, I'll probably keep them pointed at slush.

I have another tube coming on Monday - I'll try guild and see what happens.

***Only the below pools work directly with Tubes due to a current error in the firmware. Other pools will require the use of a proxy (see next section).***

GHash IO ^Register!

Code:

Servers : us1.ghash.io   with port 3333
User    : username.worker  - auto creates workers!
Password: anypassword

Slush ^Register!

Code:

Servers : stratum.bitcoin.cz   with port 3333
User    : username.worker
Password: password

BTCGuild ^Register!

Code:

Servers : stratum-lb-usa48.btcguild.com   with port 3333
User    : username_worker
Password: anypassword

Bitcoin Digger ^Register!

Code:

Servers : geo.bitcoindigger.com   with port 3333
User    : username.worker  - auto creates workers!
Password: anypassword

5b) Configuration - Using Proxy (Optional) (top)
To use pools outside of the above list, a proxy must be used. These instructions are for BFGMiner on Windows, but the same can be replicated on a Pi or Linux.

Using BFGMiner:

• Download BFGMiner. Extract it to "C:\Program Files (x86)".
• On the computer the proxy is running on, open a command prompt window (run/search and type cmd).
• Enter "ipconfig /all". Scroll down to your computer to find its IP address.
• Using a browser, navigate to the Tube's configuration page.
• Enter the computer's IP address into the "Pool URL" field. Enter "3333" into the "Pool Port" field.
• Username and password fields do not matter (enter x in both). Click Update/Restart.
• Create a .bat file in notepad (by saving it as .bat) and save it on your desktop. Put the following text inside, changing the pool url and miner login as desired.

Optional:

• If you want the proxy to start in the background when you turn your computer on, navigate to Control Panel -> Administrative Tools -> Task Scheduler.
• From the right hand list, select "Create Basic Task". Name it "Start Proxy" and click "Next". Select the trigger "When the computer starts" and click "Next".
• Select "Start a Program" and click "Next". Browse to your desktop and select the .bat we created. Click "Next", select the tick box and click "Finish".
  
• Select "Run whether user is logged on or not" and tick the check box "Run with highest privileges". Click "Okay".

Bitminter

Code:

cd C:\Program Files (x86)\bfgminer-4.7.0-win64
bfgminer -o mint.bitminter.com:3333 -u username_worker -p anypassword --stratum-port 3333 --set-device PXY:diff=512

BTCGuild

Code:

cd C:\Program Files (x86)\bfgminer-4.7.0-win64
bfgminer -o stratum.btcguild.com:3333 -u username_worker -p anypassword --stratum-port 3333 --set-device PXY:diff=512

GHash IO

Code:

cd C:\Program Files (x86)\bfgminer-4.7.0-win64
bfgminer -o us1.ghash.io:3333 -u username_worker -p anypassword --stratum-port 3333 --set-device PXY:diff=512

                                
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[vortex1878]

"If"s don't move anything. Money move stuff.

And AM have been making money by self-mining and by selling chips and miners. We know they had 60 Ph/s and they were selling chips for around 0.5 $/G.

1) On the Balance Sheet, approximately how many chips does the current Inventory (Products + Materials + Masks) represent?

A little less than 60P of wafers, most of which are on their final stages of production. The materials consist mainly of lead frames for packaging. The mask is re-usable for years if there are continuing demands for the corresponding wafers.

10) What is the average selling price of AM gen3 chips (price per Gh/s)?

About 0.5$/G for sold chips.

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

We could use that to establish an upper limit of 30 million USD. With a mask cost of around 3 million USD, AM could pay for it through 6 Ph/s of chip sales. Given the sales of miners as well, I don't think AM will have much to worry about with regards to funding gen 4.

With BE300 correcting the mistakes of BE200 and being pin compatible with BE200, the roll-out of BE300 will be far quicker and cost less too. Quite a few manufacturers already have experience with BE200 and a well performing BE300 would be very tempting to them. The production infrastructure for building miners would already be there as well and allow rapid deployment of miners for sale and self-mining. Overall, it should be a very smooth and profitable transition if the chips perform anywhere near as well as expected.

Yeah, but chips already sold for about $0.35/GH/s in early June, so we're not achieving those prices anymore! But given the trouble with gen 3, we indeed may see gen 4 much earlier than initially planned. We could see sample chips in late October if this is true!

Source for the sales price of $0.35/G in early June, please?

[RoadStress]

It's really not even about who you trust more. It just doesn't make any sense to imagine that the Spongebobtech CEO knows more about Asicminer than Asicminers own CEO. Does Guy also know what color underwear I'm wearing?

Why would so many competitors give Guy all this sensitive info? And what kind of NDA prevents him from disclosing the source, yet allows him to disclose all the info?

Ok first statement has no sense. Guy never stated that he knows more about AM than AM's CEO. No logic. He just stated what AM's CEO told him. Nothing more.

Also I am imagining that a meeting between 2 CEOs is a bit different than a 2 regular persons meeting (like you and me) so that's why you don't get this thing about all the sensitive info. You should start thinking outside of your own box of thoughts and admit that not everyone is like you.

Care to elaborate the countless times when he was wrong? And don't give me the SP30 specs.

Just to list a few:
...

So you gave me as examples some future predictions and you are comparing them to statements about past and present FACTS! You are either trying to mislead again or your  personal logic doesn't let you see that you are comparing apples with oranges. In your own little box of thoughts you think that Guy is wrong about some FACTS just because he was wrong on some future predictions which may or may not come true.

When should the shareholders expect the next financial report? That should clear things up.

[hdbuck]

When should the shareholders expect the next financial report? That should clear things up.

I agree, so tired with this everlasting non-debate.

However, last year the financials came around the end of october so i would not expect anything before that..

Financial Reports

Until then, please move on with your concerns. We all big boys here.

[RoadStress]

Until then, please move on with your concerns. We all big boys here.

Big boys don't turn their back and try to hide the problems. Big boys face them and deal with them!

[hdbuck]

Until then, please move on with your concerns. We all big boys here.

Big boys don't turn their back and try to hide the problems. Big boys face them and deal with them!

Big boys do what they want, and face the consequences.

[ensurance982]

Yeah, but chips already sold for about $0.35/GH/s in early June, so we're not achieving those prices anymore! But given the trouble with gen 3, we indeed may see gen 4 much earlier than initially planned. We could see sample chips in late October if this is true!

Source for the sales price of $0.35/G in early June, please?

http://www.cybtc.com/forum.php?mod=viewthread&tid=7951 1.9 CNY are about $0.31 at the current market rate. These chips were offered for delivery in mid/late June.

[jimmothy]

It's really not even about who you trust more. It just doesn't make any sense to imagine that the Spongebobtech CEO knows more about Asicminer than Asicminers own CEO. Does Guy also know what color underwear I'm wearing?

Why would so many competitors give Guy all this sensitive info? And what kind of NDA prevents him from disclosing the source, yet allows him to disclose all the info?

Ok first statement has no sense. Guy never stated that he knows more about AM than AM's CEO. No logic. He just stated what AM's CEO told him. Nothing more.

Guy didn't say he knew more about AM than FC but you are the one perpetuating the idea.

Friedcat has never said AM was selling chips at wafer cost. Guy started the rumor based on what he heard from a chip integrator and FC outright denied it.

Also I am imagining that a meeting between 2 CEOs is a bit different than a 2 regular persons meeting (like you and me) so that's why you don't get this thing about all the sensitive info. You should start thinking outside of your own box of thoughts and admit that not everyone is like you.

Why would any CEO give sensitive/private company info to a competitors CEO who repeatedly spreads rumors on the forums? I'd trust a teenage girl with a secret more than Guy.

So you gave me as examples some future predictions and you are comparing them to statements about past and present FACTS! You are either trying to mislead again or your  personal logic doesn't let you see that you are comparing apples with oranges. In your own little box of thoughts you think that Guy is wrong about some FACTS just because he was wrong on some future predictions which may or may not come true.

I could write a short novel full of nothing but Guy's BS quotes/competition trashing but it's not worth the time. You already know that Guy is constantly wrong about his "insider info" but you're willing to perform mental gymnastics to avoid acknowledging it.

Please, for the sake of everyone's intelligence, stop making baseless assumptions and spreading rumors.

[jimmothy]

Yeah, but chips already sold for about $0.35/GH/s in early June, so we're not achieving those prices anymore! But given the trouble with gen 3, we indeed may see gen 4 much earlier than initially planned. We could see sample chips in late October if this is true!

Source for the sales price of $0.35/G in early June, please?

http://www.cybtc.com/forum.php?mod=viewthread&tid=7951 1.9 CNY are about $0.31 at the current market rate. These chips were offered for delivery in mid/late June.

The price was updated on August 2nd.

I do remember it being $0.35 before that though.

[RoadStress]

Why would any CEO give sensitive/private company info to a competitors CEO who repeatedly spreads rumors on the forums? I'd trust a teenage girl with a secret more than Guy.
...
I could write a short novel full of nothing but Guy's BS quotes/competition trashing but it's not worth the time. You already know that Guy is constantly wrong about his "insider info" but you're willing to perform mental gymnastics to avoid acknowledging it.

Please, for the sake of everyone's intelligence, stop making baseless assumptions and spreading rumors.

Guy is a reasonable person and as I said before he will not build his reputation on lies and on fabricated rumors. I am sure that everyone that has met him or had an in-depth conversation with him can admit that he is just not that kind of person.

The price was updated on August 2nd.

I do remember it being $0.35 before that though.

How much do you think it's the production cost if they sold chips for that price?

[jimmothy]

The price was updated on August 2nd.

I do remember it being $0.35 before that though.

How much do you think it's the production cost if they sold chips for that price?

A while ago FC said wafer cost is less than $0.2/gh.

I'd guess ~$0.15/gh for the chips.

[ensurance982]

The price was updated on August 2nd.

I do remember it being $0.35 before that though.

How much do you think it's the production cost if they sold chips for that price?

A while ago FC said wafer cost is less than $0.2/gh.

I'd guess ~$0.15/gh for the chips.

Yes, that seems reasonable. I also believe that the retail price is really close to $0.2/GH/s meanwhile. Gen 3 just didn't do the trick when it comes to selling it in major volume to customers. I do think that self mining will now turn the ship around!

[RoadStress]

Yes, that seems reasonable. I also believe that the retail price is really close to $0.2/GH/s meanwhile. Gen 3 just didn't do the trick when it comes to selling it in major volume to customers. I do think that self mining will now turn the ship around!

Not at this difficulty and at this exchange rate.

[Mabsark]

Yeah, but chips already sold for about $0.35/GH/s in early June, so we're not achieving those prices anymore! But given the trouble with gen 3, we indeed may see gen 4 much earlier than initially planned. We could see sample chips in late October if this is true!

Source for the sales price of $0.35/G in early June, please?

http://www.cybtc.com/forum.php?mod=viewthread&tid=7951 1.9 CNY are about $0.31 at the current market rate. These chips were offered for delivery in mid/late June.

That's no more a valid source than some guy on Craig's list. For crying out loud, it's an ad in the classifieds. What we do actually know is that on the 5th of June, FC stated that the average selling price of chips was 0.5$/G.

[jjdub7]

I've been following those sales addresses previously discussed for some time now, and they do all funnel into maybe 20-30 addresses that seem to be contained within maybe 5-6 wallets.  You can tell from things like key sweeps that wallets are clustered, and from the central "node" addresses (like 13p5iQkqBEVgKmPeJqEL2LBRS44PjX1dZL), a number of txs with nice, round amounts get shuffled through and around to new smaller addresses, but occasionally lump to quite large sums. 

If these are indeed friedcat/AM's wallets, then damn, he shuffles the funds often and holy hell, AM has a lot of BTC on the books right now.  Granted, nothing's appearing in the self-mining addy or in the shareholder payout.  And again, I don't expect a large part of what's on the books to be paid out as divs (divs were way, way too large last time, imo).