ASICMINER: Entering the Future of ASIC Mining by Inventing It

[jjdub7]

Ah...if the first dividend isn't more than 0.02 BTC per share, the price is going to plummet.  I've watched this situation unfold for over a month now, and now halfway through September, still no release.  The salon over the summer seems to have been perceived as adequate PR for the rest of the year,

[irritant]

nobody remembers FC refunded the 200 BTC fee mistake?

[hdbuck]

nobody remembers FC refunded the 200 BTC fee mistake?

I do whats the point?

[vortex1878]

I heard that the 28nm chip will tape-out in 8 days.   

I heard this news too. Waiting for the next weekend.

Has this just been a (false) rumour after all? No sources were provided despite some users asking for it.

[stompysteve]

I heard that the 28nm chip will tape-out in 8 days.   

I heard this news too. Waiting for the next weekend.

Has this just been a (false) rumour after all? No sources were provided despite some users asking for it.

if it theoretically did tape out today, how long until we actually got confirmation it was done, or chips to test

[webbrowser]

All of us got involved knowing that communication has always been bad with AM.

I give AM more latitude than any other company I deal with.
Almost to the point that I feel guilty when I hold real people to actual standards..  I almost feel like a hypocrite.
I would never, in a million years, put this much money at risk - in the real world - with these types of chronic communication deficiencies.
When shit does hit the fan, communication is crucial.
It can sabotage even the most talented, able company.

I don't know.  Not saying that communication is /hard/. But amongst all the priorities that AM and the small team has...

- better communications with shareholders
- chip sales & support
- tube sales, assembly, packaging & support
- deploying to a self-mining farm, and maintaining it
- gen4 design, tape-out and what not

What do you think the relative priority of "better communications with shareholders" lies? Especially if this particular task needs someone who is trustworthy and understands english.

I'm sure there are plenty of people here who would do PR for AM for free or for only a nominal fee, who have the needed skills and background.

The need to be trustworthy is not just lip service, because there is an immense opportunity for insider trading, not to mention the PR statement tends to move the market.

I do agree that the website could do with better design, proper shopping cart, etc.  Add that to another in the list of tasks/priorities for the team.

[webbrowser]

From the transaction on the address
https://blockchain.info/address/1H7FpBV8huVmPvt5eRzszAkgnERH2FaWvq

I'm sure the mining address 1H7FpBV8huVmPvt5eRzszAkgnERH2FaWvq is AM's mining address.

Nice speculation.

Appears to have started small automatic withdrawals in late July...  check!

Appears to be getting ~ 40 BTC daily in the past few dates.  By my calculations, that's 2.4 PH of miners - correct?

BTCguild rankings shows only 1 possible user at that speed, userid 566620. 

[nycgoat]

Looks like this is where the coins are going: https://blockchain.info/address/16V3hoVfbQmpQQpCSkAirjVHGfSFoDFSbW

[Luffy27]

Hi Guys

My Findings regarding mining addresses:

 - Official Asicminer mining address: https://blockchain.info/address/1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24i
 - https://blockchain.info/address/1H7FpBV8huVmPvt5eRzszAkgnERH2FaWvq: Receives payouts the same way the official mining address does since a few days. Payouts started on July 24. Same as the official mining address, it forwards to https://blockchain.info/address/1ERszMSERwHNR9Xty73KZXpsg1jjBXWcHh. Also forwards to https://blockchain.info/address/17EA1UT5amSvasuhzUDPs1pLgxdrbRYLAX, which is known from Asicminer Tube sales. Please follow https://bitcointalk.org/index.php?topic=735728.msg8357879#msg8357879

I think it's safe to assume these two addresses indeed belong to Asicminer and are used to receive mining payouts. I gathered these payouts and looked at 10 day intervals to get a rough estimate for Asicminer's hashrate and hashrate growth:

Code:

2014-07-24 to 2014-08-03: 100 btc / 10*3600btc = 0.002777778; estimated total network hashrate: 134PH/s; ASICminer's share: 134PH*0.003611111=0,483888874PH/s
2014-08-03 to 2014-08-12: 230 btc / 36000 btc = 0.006388889; estimated total network hashrate: 141PH/s; ASICminer's share: 141PH/s*0.006388889=0,900833349PH/s
2014-08-13 to 2014-08-22: 280 btc / 36000 btc = 0.007777778; estimated total network hashrate: 165PH/s; ASICminer's share: 165PH/s*0.007777778=1,28333337PH/s
2014-08-23 to 2014-09-01: 351.88981744 btc / 36000 btc = 0.009774717; estimated total network hashrate: 180PH/s; ASICminer's share: 180PH/s*0.009774717=1,75944906PH/s
2014-09-02 to 2014-09-11: 543.13536631 btc / 36000 btc =  0.015087094; estimated total network hashrate: 200PH/s; ASICminer's share: 200PH/s*0.015087094=3.017418702PH/s

Please note: Total network hashrate and coins mined by the whole network are very rough estimates.

Hashrate growth / Deployment speed doesn't look bad at all. I'm very excited for the next few days.

[bbxx]

nice find.
if friedcat would have free power thoose 3ph now would earn 0.04 btc within next year per share
of course if diff would stay as it is now and hashrate too.

will friedcat farm deploy speed overcome difficulty raise?

if yes, share price will go up.

of course assuming paying dividends like in autumn 2013...

[arnuschky]

Hashrate growth / Deployment speed doesn't look bad at all. I'm very excited for the next few days.

Great analysis, thanks. Good to see data rather than just talk.

[swordking]

Hi Guys

My Findings regarding mining addresses:

 - Official Asicminer mining address: https://blockchain.info/address/1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24i
 - https://blockchain.info/address/1H7FpBV8huVmPvt5eRzszAkgnERH2FaWvq: Receives payouts the same way the official mining address does since a few days. Payouts started on July 24. Same as the official mining address, it forwards to https://blockchain.info/address/1ERszMSERwHNR9Xty73KZXpsg1jjBXWcHh. Also forwards to https://blockchain.info/address/17EA1UT5amSvasuhzUDPs1pLgxdrbRYLAX, which is known from Asicminer Tube sales. Please follow https://bitcointalk.org/index.php?topic=735728.msg8357879#msg8357879

I think it's safe to assume these two addresses indeed belong to Asicminer and are used to receive mining payouts. I gathered these payouts and looked at 10 day intervals to get a rough estimate for Asicminer's hashrate and hashrate growth:

Code:

2014-07-24 to 2014-08-03: 100 btc / 10*3600btc = 0.002777778; estimated total network hashrate: 134PH/s; ASICminer's share: 134PH*0.003611111=0,483888874PH/s
2014-08-03 to 2014-08-12: 230 btc / 36000 btc = 0.006388889; estimated total network hashrate: 141PH/s; ASICminer's share: 141PH/s*0.006388889=0,900833349PH/s
2014-08-13 to 2014-08-22: 280 btc / 36000 btc = 0.007777778; estimated total network hashrate: 165PH/s; ASICminer's share: 165PH/s*0.007777778=1,28333337PH/s
2014-08-23 to 2014-09-01: 351.88981744 btc / 36000 btc = 0.009774717; estimated total network hashrate: 180PH/s; ASICminer's share: 180PH/s*0.009774717=1,75944906PH/s
2014-09-02 to 2014-09-11: 543.13536631 btc / 36000 btc =  0.015087094; estimated total network hashrate: 200PH/s; ASICminer's share: 200PH/s*0.015087094=3.017418702PH/s

Please note: Total network hashrate and coins mined by the whole network are very rough estimates.

Hashrate growth / Deployment speed doesn't look bad at all. I'm very excited for the next few days.

http://v.youku.com/v_show/id_XNzgyMzczMjQw.html

few days ago, the Sales Manager of FC said in the forum: " we still in the plan to reach 20% of total hash rate before end of this year."

[tinyfox266]

Hi Guys

My Findings regarding mining addresses:

 - Official Asicminer mining address: https://blockchain.info/address/1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24i
 - https://blockchain.info/address/1H7FpBV8huVmPvt5eRzszAkgnERH2FaWvq: Receives payouts the same way the official mining address does since a few days. Payouts started on July 24. Same as the official mining address, it forwards to https://blockchain.info/address/1ERszMSERwHNR9Xty73KZXpsg1jjBXWcHh. Also forwards to https://blockchain.info/address/17EA1UT5amSvasuhzUDPs1pLgxdrbRYLAX, which is known from Asicminer Tube sales. Please follow https://bitcointalk.org/index.php?topic=735728.msg8357879#msg8357879

I think it's safe to assume these two addresses indeed belong to Asicminer and are used to receive mining payouts. I gathered these payouts and looked at 10 day intervals to get a rough estimate for Asicminer's hashrate and hashrate growth:

Code:

2014-07-24 to 2014-08-03: 100 btc / 10*3600btc = 0.002777778; estimated total network hashrate: 134PH/s; ASICminer's share: 134PH*0.003611111=0,483888874PH/s
2014-08-03 to 2014-08-12: 230 btc / 36000 btc = 0.006388889; estimated total network hashrate: 141PH/s; ASICminer's share: 141PH/s*0.006388889=0,900833349PH/s
2014-08-13 to 2014-08-22: 280 btc / 36000 btc = 0.007777778; estimated total network hashrate: 165PH/s; ASICminer's share: 165PH/s*0.007777778=1,28333337PH/s
2014-08-23 to 2014-09-01: 351.88981744 btc / 36000 btc = 0.009774717; estimated total network hashrate: 180PH/s; ASICminer's share: 180PH/s*0.009774717=1,75944906PH/s
2014-09-02 to 2014-09-11: 543.13536631 btc / 36000 btc =  0.015087094; estimated total network hashrate: 200PH/s; ASICminer's share: 200PH/s*0.015087094=3.017418702PH/s

Please note: Total network hashrate and coins mined by the whole network are very rough estimates.

Hashrate growth / Deployment speed doesn't look bad at all. I'm very excited for the next few days.

http://v.youku.com/v_show/id_XNzgyMzczMjQw.html

few days ago, the Sales Manager of FC said in the forum: " we still in the plan to reach 20% of total hash rate before end of this year."

from 4'45 to 5'04

[explorer]

http://v.youku.com/v_show/id_XNzgyMzczMjQw.html

few days ago, the Sales Manager of FC said in the forum: " we still in the plan to reach 20% of total hash rate before end of this year."

Given the overall network increases, and 2 months of deployment so far, I have to conclude that it can't be done on gen 3 hardware.  They are counting on the first batch of gen 4 to make the difference ("before the end of the year").  Not great news, but keeping the carrot dangling a little farther out.  Any other interpretations?   

[stompysteve]

just picked up another share from some left over btc and sig campaign payout  

looks like a couple people did as well right around the same time

[rudi]

Hi Guys

My Findings regarding mining addresses:

 - Official Asicminer mining address: https://blockchain.info/address/1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24i
 - https://blockchain.info/address/1H7FpBV8huVmPvt5eRzszAkgnERH2FaWvq: Receives payouts the same way the official mining address does since a few days. Payouts started on July 24. Same as the official mining address, it forwards to https://blockchain.info/address/1ERszMSERwHNR9Xty73KZXpsg1jjBXWcHh. Also forwards to https://blockchain.info/address/17EA1UT5amSvasuhzUDPs1pLgxdrbRYLAX, which is known from Asicminer Tube sales. Please follow https://bitcointalk.org/index.php?topic=735728.msg8357879#msg8357879

I think it's safe to assume these two addresses indeed belong to Asicminer and are used to receive mining payouts. I gathered these payouts and looked at 10 day intervals to get a rough estimate for Asicminer's hashrate and hashrate growth:

Code:

2014-07-24 to 2014-08-03: 100 btc / 10*3600btc = 0.002777778; estimated total network hashrate: 134PH/s; ASICminer's share: 134PH*0.003611111=0,483888874PH/s
2014-08-03 to 2014-08-12: 230 btc / 36000 btc = 0.006388889; estimated total network hashrate: 141PH/s; ASICminer's share: 141PH/s*0.006388889=0,900833349PH/s
2014-08-13 to 2014-08-22: 280 btc / 36000 btc = 0.007777778; estimated total network hashrate: 165PH/s; ASICminer's share: 165PH/s*0.007777778=1,28333337PH/s
2014-08-23 to 2014-09-01: 351.88981744 btc / 36000 btc = 0.009774717; estimated total network hashrate: 180PH/s; ASICminer's share: 180PH/s*0.009774717=1,75944906PH/s
2014-09-02 to 2014-09-11: 543.13536631 btc / 36000 btc =  0.015087094; estimated total network hashrate: 200PH/s; ASICminer's share: 200PH/s*0.015087094=3.017418702PH/s

Please note: Total network hashrate and coins mined by the whole network are very rough estimates.

Hashrate growth / Deployment speed doesn't look bad at all. I'm very excited for the next few days.

Very nice find, thank you.

If this is approximately correct, it looks like AM will soon have enough hashing power to consider solo-mining again.

However, at the rate they are currently increasing their hashrate, there is no way they will reach 20% of the network before the end of the year, even if the total network hashrate does not increase (and I expect that it will increase). I therefore also think that something new is in the plans. Most likely they are counting on gen4.

But 20% of the network? Say ~100PH by year's end? Will all of this fit into a single monster farm?

[VeeMiner]

Hi Guys

My Findings regarding mining addresses:

 - Official Asicminer mining address: https://blockchain.info/address/1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24i
 - https://blockchain.info/address/1H7FpBV8huVmPvt5eRzszAkgnERH2FaWvq: Receives payouts the same way the official mining address does since a few days. Payouts started on July 24. Same as the official mining address, it forwards to https://blockchain.info/address/1ERszMSERwHNR9Xty73KZXpsg1jjBXWcHh. Also forwards to https://blockchain.info/address/17EA1UT5amSvasuhzUDPs1pLgxdrbRYLAX, which is known from Asicminer Tube sales. Please follow https://bitcointalk.org/index.php?topic=735728.msg8357879#msg8357879

I think it's safe to assume these two addresses indeed belong to Asicminer and are used to receive mining payouts. I gathered these payouts and looked at 10 day intervals to get a rough estimate for Asicminer's hashrate and hashrate growth:

Code:

2014-07-24 to 2014-08-03: 100 btc / 10*3600btc = 0.002777778; estimated total network hashrate: 134PH/s; ASICminer's share: 134PH*0.003611111=0,483888874PH/s
2014-08-03 to 2014-08-12: 230 btc / 36000 btc = 0.006388889; estimated total network hashrate: 141PH/s; ASICminer's share: 141PH/s*0.006388889=0,900833349PH/s
2014-08-13 to 2014-08-22: 280 btc / 36000 btc = 0.007777778; estimated total network hashrate: 165PH/s; ASICminer's share: 165PH/s*0.007777778=1,28333337PH/s
2014-08-23 to 2014-09-01: 351.88981744 btc / 36000 btc = 0.009774717; estimated total network hashrate: 180PH/s; ASICminer's share: 180PH/s*0.009774717=1,75944906PH/s
2014-09-02 to 2014-09-11: 543.13536631 btc / 36000 btc =  0.015087094; estimated total network hashrate: 200PH/s; ASICminer's share: 200PH/s*0.015087094=3.017418702PH/s

If this is true and I would like to think that this is, then we're finally cathing up to the competition...

[Fortega]

Hi Guys

My Findings regarding mining addresses:

 - Official Asicminer mining address: https://blockchain.info/address/1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24i
 - https://blockchain.info/address/1H7FpBV8huVmPvt5eRzszAkgnERH2FaWvq: Receives payouts the same way the official mining address does since a few days. Payouts started on July 24. Same as the official mining address, it forwards to https://blockchain.info/address/1ERszMSERwHNR9Xty73KZXpsg1jjBXWcHh. Also forwards to https://blockchain.info/address/17EA1UT5amSvasuhzUDPs1pLgxdrbRYLAX, which is known from Asicminer Tube sales. Please follow https://bitcointalk.org/index.php?topic=735728.msg8357879#msg8357879

I think it's safe to assume these two addresses indeed belong to Asicminer and are used to receive mining payouts. I gathered these payouts and looked at 10 day intervals to get a rough estimate for Asicminer's hashrate and hashrate growth:

Code:

2014-07-24 to 2014-08-03: 100 btc / 10*3600btc = 0.002777778; estimated total network hashrate: 134PH/s; ASICminer's share: 134PH*0.003611111=0,483888874PH/s
2014-08-03 to 2014-08-12: 230 btc / 36000 btc = 0.006388889; estimated total network hashrate: 141PH/s; ASICminer's share: 141PH/s*0.006388889=0,900833349PH/s
2014-08-13 to 2014-08-22: 280 btc / 36000 btc = 0.007777778; estimated total network hashrate: 165PH/s; ASICminer's share: 165PH/s*0.007777778=1,28333337PH/s
2014-08-23 to 2014-09-01: 351.88981744 btc / 36000 btc = 0.009774717; estimated total network hashrate: 180PH/s; ASICminer's share: 180PH/s*0.009774717=1,75944906PH/s
2014-09-02 to 2014-09-11: 543.13536631 btc / 36000 btc =  0.015087094; estimated total network hashrate: 200PH/s; ASICminer's share: 200PH/s*0.015087094=3.017418702PH/s

Please note: Total network hashrate and coins mined by the whole network are very rough estimates.

Hashrate growth / Deployment speed doesn't look bad at all. I'm very excited for the next few days.

Payouts in the last 10 days don't necessarily mean the same amount is mined in the last 10 days. In theory, they could be mining since july and only now configure the payout options on btcguild for example. So you should be careful about statements about hashrate growth and deployment speed.

[webbrowser]

@Luffy27, great first post!

If the payouts proceed automatically every hour as long as there is sufficient balance, 10 days should be a sufficiently long time to have a decent rough estimate.  Yet, I'd trust that btcguild has a pretty good idea of each user's hash power, and their fastest user is still 566620 at 2.4PH.

I suppose the payout address could be the same for multiple users. But in that case, why not use one single payout address, instead of splitting into 2 (or more)?

[webbrowser]

if friedcat would have free power thoose 3ph

Friedcat did say that he had gained access to cheap electricity, but free is pushing it.

How cheap does industrial electricity get in China anyway?