ASICMINER: Entering the Future of ASIC Mining by Inventing It

[Bonam]

Didn't AM already convert their Bitcoin hodlings to fiat - we're already winning

Where has FC ever said that AM has converted its bitcoin holdings to fiat?

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[Bonam]

I believe gen 4 will be better because FC said that AM had identified the problem with gen 3 and had fixed it for gen 4.

And how many new problems will pop up in developing gen 4 that were not in gen 3? The smaller the process you go to, the more issues there are to think about and contend with, and the more unforeseen problems can pop up.

[Mabsark]

I should know. I paid 4 BTC for AM shares a year or so ago .....

Didn't you lose all your AM shares when your havelock account got hacked, or did I get people mixed up?

He sure did, well remembered.

Just a warning - I've just had my havelock account hacked and all my AM1 shares stolen, and money withdrawn from account.

I had both 2FA enabled, and login from my own country, Thailand. The thief managed to bypass both of those somehow.

I'm devastated right now - I have asked havelock if they can do anything about it ....

That is why price has gone down at havelock - someone sold my 150 shares and then withdrawn the bitcoins.

All withdrawn to: 18jURpZJjcpdp8Utdf9tePVY4VGK84DmUy

Looks like he's trying to back back in on the cheap.  

Didn't AM already convert their Bitcoin hodlings to fiat - we're already winning

Where has FC ever said that AM has converted its bitcoin holdings to fiat?

Lol, how do you think they pay for mask and chips? Do you think the fabs and data centres take bitcoin or something?

[RoadStress]

AM sold more than that in chips alone before April, so it it's a pretty solid assumption that they've sold more than that in chips and miner since April too. They've also been mining for a couple of months too now, and we've seen fairly large sums of BTC being shifted around known AM addresses.

How do you know they sold more than 6Ph/s chips in April? Do you have a proof or are you pulling the numbers out of your...belly?

Also do you know the speed of the self mine or it's out of thin air again? Last that I know Am had 200Th/s on BTCGuid. Haven't saw any other official number yet.

[CoinBomb]

Looks like we've got a new benchmark to hit.

http://cointerra.com/product/aire-miner-bitcoin-miner/

(I know : pre-orders. urgh. untested chips. urgh. etc etc - but if they ship on time, we'll be left behind. again.

[hdbuck]

Looks like we've got a new benchmark to hit.

http://cointerra.com/product/aire-miner-bitcoin-miner/

(I know : pre-orders. urgh. untested chips. urgh. etc etc - but if they ship on time, we'll be left behind. again.

16nm? rofl. not gonna happen.

[Mabsark]

I believe gen 4 will be better because FC said that AM had identified the problem with gen 3 and had fixed it for gen 4.

And how many new problems will pop up in developing gen 4 that were not in gen 3? The smaller the process you go to, the more issues there are to think about and contend with, and the more unforeseen problems can pop up.

How are any of us supposed to know that?

AM sold more than that in chips alone before April, so it it's a pretty solid assumption that they've sold more than that in chips and miner since April too. They've also been mining for a couple of months too now, and we've seen fairly large sums of BTC being shifted around known AM addresses.

How do you know they sold more than 6Ph/s chips in April? Do you have a proof or are you pulling the numbers out of your...belly?

Also do you know the speed of the self mine or it's out of thin air again? Last that I know Am had 200Th/s on BTCGuid. Haven't saw any other official number yet.

It is proven by the financial reports released from 27th of May. FC also said in the follow up QA that most of those sales occurred before May. Based on the data we have (4,450,477 USD from chip sales, 0.5$/G on average from chip sales and 10 Gh/s per chip), AM basically sold around 9 Ph/s worth of chips in April.

No, none of us know how much hashing power the mine has. You already know that so why are you asking?

[Franktank]

Looks like we've got a new benchmark to hit.

http://cointerra.com/product/aire-miner-bitcoin-miner/

(I know : pre-orders. urgh. untested chips. urgh. etc etc - but if they ship on time, we'll be left behind. again.

16nm? rofl. not gonna happen.

Something else to keep in mind: http://cointelegraph.com/news/112520/bitfury-announces-02-jgh-energy-efficiency-plans-sub-01-jgh-by-mid-2015

Gen 4 will be competing with that.

[RoadStress]

It is proven by the financial reports released from 27th of May. FC also said in the follow up QA that most of those sales occurred before May. Based on the data we have (4,450,477 USD from chip sales, 0.5$/G on average from chip sales and 10 Gh/s per chip), AM basically sold around 9 Ph/s worth of chips in April.

No, none of us know how much hashing power the mine has. You already know that so why are you asking?

Ok fair enough. I was asking because I saw some discussions about the hashrate and I haven't kept up to date with them.

But don't forget that in less than 2 weeks my assumption of no dividends this month too will become FACT. Enjoy.

[hdbuck]

Looks like we've got a new benchmark to hit.

http://cointerra.com/product/aire-miner-bitcoin-miner/

(I know : pre-orders. urgh. untested chips. urgh. etc etc - but if they ship on time, we'll be left behind. again.

16nm? rofl. not gonna happen.

Something else to keep in mind: http://cointelegraph.com/news/112520/bitfury-announces-02-jgh-energy-efficiency-plans-sub-01-jgh-by-mid-2015

Gen 4 will be competing with that.

Bitfury is a bit more serious, although it doesnt say with which node they intend to make 0,2J/GH happen.. But coincraft? rolf (again). Their 16nm is nothing but smoking too much pot (or worse). What about the class action against them? AM is not going to compete against something that is not real. They (and their clients) are obviously delirious.

[Mabsark]

Looks like we've got a new benchmark to hit.

http://cointerra.com/product/aire-miner-bitcoin-miner/

(I know : pre-orders. urgh. untested chips. urgh. etc etc - but if they ship on time, we'll be left behind. again.

16nm? rofl. not gonna happen.

Something else to keep in mind: http://cointelegraph.com/news/112520/bitfury-announces-02-jgh-energy-efficiency-plans-sub-01-jgh-by-mid-2015

Gen 4 will be competing with that.

Meh! FC announced plans for 0.2 J/Gh back in January for gen 3.

Power Consumption: 0.2J/GHash low voltage, 0.35J/GHash rated voltage

Things don't always go according to plan though. The flaws were identified and fixed for gen 4 and given the die shrink, gen 4 should be able to go lower than 0.2J/Gh in a low power mode.

6) What is the progress on gen4?

It is 28nm and has two major improvements: the first one is to fix the design errors we had with 40nm (which made our silicon data two times worse than simulated data). We believe that 0.35W/G at rated speed of 400MHz would be achievable in 40nm if no mistakes were made before. The second one is the technology improvement from 40nm to 28nm in terms of density, speed and power.

We are on the stage of evaluating the final design choices by running the physical design flow on different settings.

So, if gen4 works as well as FC expects it shouldn't really have any problem competing with BitFury's new chips in terms of efficiency.

[hdbuck]

+1 mabsark. Did not see this one!

edit: i like the sound of "june"... "final design"

edit edit: FC! FC! FC!

[Bonam]

Didn't AM already convert their Bitcoin hodlings to fiat - we're already winning

Where has FC ever said that AM has converted its bitcoin holdings to fiat?

Lol, how do you think they pay for mask and chips? Do you think the fabs and data centres take bitcoin or something?

In this context, holdings refers to the capital they still hold... not to what was used up on expenses like chip fabrication. Clearly they would have paid for those types of expenses in fiat, but I see no reason to believe that the rest of the bitcoin that AM may have mined/earned was converted to fiat, as xhomerx10 suggested.

[jjdub7]

Didn't AM already convert their Bitcoin hodlings to fiat - we're already winning

Where has FC ever said that AM has converted its bitcoin holdings to fiat?

Lol, how do you think they pay for mask and chips? Do you think the fabs and data centres take bitcoin or something?

In this context, holdings refers to the capital they still hold... not to what was used up on expenses like chip fabrication. Clearly they would have paid for those types of expenses in fiat, but I see no reason to believe that the rest of the bitcoin that AM may have mined/earned was converted to fiat, as xhomerx10 suggested.

Unless FC sold it all off to hide the company's holdings/how big of a batch gen 4 will be and then buy back in to both make profits for shareholders and bring the BTC price back up in tandem.  Everyone here seems to be overlooking the fact that friedcat has more than enough BTC to have brought the markets down to their current prices.  Because he could've sold off to cascade margin calls and cause more selloffs, the company could profit from manipulating the markets this way.

[rudi]

Looks like we've got a new benchmark to hit.

http://cointerra.com/product/aire-miner-bitcoin-miner/

(I know : pre-orders. urgh. untested chips. urgh. etc etc - but if they ship on time, we'll be left behind. again.

This is crazy. It's a pre-order for Q1 2015. Q1 2015! And let's face it, the "optimistic" scenario that they are going to ship to spec and early in Q1 2015 is not going to happen.

[TheJuice]

Looks like we've got a new benchmark to hit.

http://cointerra.com/product/aire-miner-bitcoin-miner/

(I know : pre-orders. urgh. untested chips. urgh. etc etc - but if they ship on time, we'll be left behind. again.

This is crazy. It's a pre-order for Q1 2015. Q1 2015! And let's face it, the "optimistic" scenario that they are going to ship to spec and early in Q1 2015 is not going to happen.

4.5TH for $2.5k is laughable this far out. Wattage looks promising.

[kingcrimson]

Looks like we've got a new benchmark to hit.

http://cointerra.com/product/aire-miner-bitcoin-miner/

(I know : pre-orders. urgh. untested chips. urgh. etc etc - but if they ship on time, we'll be left behind. again.

This is crazy. It's a pre-order for Q1 2015. Q1 2015! And let's face it, the "optimistic" scenario that they are going to ship to spec and early in Q1 2015 is not going to happen.

4.5TH for $2.5k is laughable this far out. Wattage looks promising.

It reeks of desperation, they are going under and hoping pre-order costs keep them afloat.

[Whtwabbit]

Review of Asicminer Tube

http://www.cryptocoinsnews.com/review-asicminer-tube-830-ghs-bitcoin-miner-sold-us-112bit-com/

[Groc]

when is friedcat going to realize that his shareholders want him to self mine and pay divs???

[Blazed]

when is friedcat going to realize that his shareholders want him to self mine and pay divs???

I assume he is well aware of how the shareholders feel...why the lack of communication is anyone's guess.