ASICMINER: Entering the Future of ASIC Mining by Inventing It

[101111]

Maybe this clause: "currently shipping" confused you?

[Blazed]

Now for the painful truth...no matter who you buy from none of it makes you a profit.  Buying any mining gear at retail prices even with free power you lose.

[gogxmagog]

Now for the painful truth...no matter who you buy from none of it makes you a profit.  Buying any mining gear at retail prices even with free power you lose.

And there's still guys panning for gold in the Yukon. Greed will never die.

[silverfuture]

Now for the painful truth...no matter who you buy from none of it makes you a profit.  Buying any mining gear at retail prices even with free power you lose.

IOW mining is done, time to unplug the equipment, put it on the shelf, and forget about it.  Come to think of it, It's always been this way except for a few suddenly brief periods of huge price rises in BTC and early on whenever a new generation of mining tech was invented for the those first in line. Yet, the network hashrate just keeps going up no matter what. What the hell are we doing?  

Bitcoiners don't seem to be interested in making money, just basking in the warm, transcendent buzz of mining gear.  It must be their cold. dark hearts that drive them to it like moths to a flame.

[rudi]

Here's what's currently available or will be soon:

Shipped but no longer available for order:

- KNC Neptune = 0.55 w/gh @ $2/gh (shipped from july-august)
- SP30 = 0.67 w/gh @ ~$0.8 (shipped last day of august)

In stock:

- None below 1w/gh.

Preorders:

- Bitmain S3+ = 0.77 w/gh @ ~$0.6/gh
- AM Prisma = 0.75 w/gh @ $0.45/gh (October)
- A1 clones = 0.7 w/gh @ $0.65/gh (October)
- Avalon4 = 0.7 w/gh @ $0.55/gh (October)
- SP20 = 0.65 w/gh* @ $0.82/gh (October 31st)
- SP35 = 0.58 w/gh* @ $0.7/gh (November 31st)

* chips not tested and probably inaccurate.
** $/gh is calculated using $400/btc.

Thank you jimmothy, much appreciated.

[trek27]

Several very pertinent posts - just above.

Every period has its own opportunities even for the 'small guy'. The trick is to spot them. For example:

1) an operation like AM could succeed with it's plans and right now one share costs just ~0.15. Yes, predicting it is speculative and shares could go to zero. But believing that large gains can be achieved without appropriate risk is infantile,
 
2) large mining operations are killing my miner's profitability? - what about taking advantage of depressed prices and accumulate btc? Each month, for a fracture of my income. In fact, current low prices are to large extent the merit of those mining behemoths. In a few years I could look very, very smart with this simple approach. If/when the price spikes I could even buy a miner - of course only if appropriate opportunity arises

3) why not to try some arbitrage even if just for fun - serious attempt requires time and dedication.

Eagerly looking for good news from AM  

[Fortega]

Next up for translation is the PRISMA article at http://www.iasicminer.com/index.php/action-viewnews-itemid-58 | 基于全新方案ASICMiner Prisma矿机来袭

I don't speak chinese, but if I look at the numbers in the article: I guess this post by friedcat looks like a pretty decent translation of the prisma article

[arnuschky]

Here's what's currently available or will be soon:

Shipped but no longer available for order:

- KNC Neptune = 0.55 w/gh @ $2/gh (shipped from july-august)
- SP30 = 0.67 w/gh @ ~$0.8 (shipped last day of august)

In stock:

- None below 1w/gh.

Preorders:

- Bitmain S3+ = 0.77 w/gh @ ~$0.6/gh
- AM Prisma = 0.75 w/gh @ $0.45/gh (October)
- A1 clones = 0.7 w/gh @ $0.65/gh (October)
- Avalon4 = 0.7 w/gh @ $0.55/gh (October)
- SP20 = 0.65 w/gh* @ $0.82/gh (October 31st)
- SP35 = 0.58 w/gh* @ $0.7/gh (November 31st)

* chips not tested and probably inaccurate.
** $/gh is calculated using $400/btc.

Great summary, thanks. Didn't know that avalon is still afloat. What happened to that AntMiner outfit, or is this one of the lines above?

[drasted]

Great summary, thanks. Didn't know that avalon is still afloat. What happened to that AntMiner outfit, or is this one of the lines above?

They're the bitmain units

https://bitmaintech.com/product.htm

[silverfuture]

Several very pertinent posts - just above.

Every period has its own opportunities even for the 'small guy'. The trick is to spot them. For example:

1) an operation like AM could succeed with it's plans and right now one share costs just ~0.15. Yes, predicting it is speculative and shares could go to zero. But believing that large gains can be achieved without appropriate risk is infantile,
 
2) large mining operations are killing my miner's profitability? - what about taking advantage of depressed prices and accumulate btc? Each month, for a fracture of my income. In fact, current low prices are to large extent the merit of those mining behemoths. In a few years I could look very, very smart with this simple approach. If/when the price spikes I could even buy a miner - of course only if appropriate opportunity arises

3) why not to try some arbitrage even if just for fun - serious attempt requires time and dedication.

Eagerly looking for good news from AM  

Well said. The correct timing for purchases of either bitcoins or mining gear can make all the difference. AM has shown they navigate the waters very well in terms of responding to timing, pricing and approach despite extreme challenges in predicting what will happen next. It's been fun if nothing else

[am-informer]

Thanks @jimmothy for the summary!

[am-informer]

Next up for translation is the PRISMA article at http://www.iasicminer.com/index.php/action-viewnews-itemid-58 | 基于全新方案ASICMiner Prisma矿机来袭

I don't speak chinese, but if I look at the numbers in the article: I guess this post by friedcat looks like a pretty decent translation of the prisma article

Will check it out and most probably you are right.

EDIT: Looks like they are identical in bullet points structure, which PLUS just simple logic strongly hints that its the same announcement. Posted in the translation thread.

[am-informer]

NEWS from yesterday, you probably heard?

Press forum here:
[2014-09-23] C/Net: Bitcoin-mining company Butterfly Labs shut down by FTC : https://bitcointalk.org/index.php?topic=794801.0

Article @CNET : http://www.cnet.com/news/bitcoin-mining-company-butterfly-labs-shut-down-by-ftc/

[laustcozz]

I miss back when Wednesday was the best day of the week.  Now it is just depressing.  It's been so long without divs I'm not even sure how many shares I own. 

[sngwinner]

Every Wednesday I come back to this thread hoping that today will be the day that divs come back. Wednesdays used to be a happy time with Lophie boasting about dibs providing fuel for his jet yeah right...

Oh well I still believe dibs will resume because Friedcat said so but it would be nice for a goddamn update so I wasn't basing my belief off of a statement he made months ago. Things change fast.

[nycgoat]

Every Wednesday I come back to this thread hoping that today will be the day that divs come back. Wednesdays used to be a happy time with Lophie boasting about dibs providing fuel for his jet yeah right...

Oh well I still believe dibs will resume because Friedcat said so but it would be nice for a goddamn update so I wasn't basing my belief off of a statement he made months ago. Things change fast.

Back then we were all eating filet on Wednesdays, now its back to rice

[laustcozz]

Oh well I still believe dibs will resume because Friedcat said so but it would be nice for a god damn update so I wasn't basing my belief off of a statement he made months ago.

Yeah, unlike a lot of these people I don't believe Friedcat "owes" us information.  His only responsibility to us is to not steal from the company.  But It sure would be great If we could get at least a heartbeat message. 

"Not enough reserves for dividends, Gen 4 on schedule"   style messages once a month would be plenty for me.

[sngwinner]

Oh well I still believe dibs will resume because Friedcat said so but it would be nice for a god damn update so I wasn't basing my belief off of a statement he made months ago.

Yeah, unlike a lot of these people I don't believe Friedcat "owes" us information.  His only responsibility to us is to not steal from the company.  But It sure would be great If we could get at least a heartbeat message. 

"Not enough reserves for dividends, Gen 4 on schedule"   style messages once a month would be plenty for me.

I disagree. He does owe the investors information about the status of the company since we own the company. It's just that he decides how long he waits before telling us what's going on with AM. If he set a schedule of updating shareholders every quarter on a specific date then I think that would ease a lot of people's concerns. He used to be on the forums weekly. Now we don't know if we will hear from him tomorrow or in 6 months from now.
He is actually ignoring shareholders of the company and the board members haven't been much better which makes me think there is a lack of communication between Friedcat and the board.  There needs to be a regularly scheduled update from Friedcat with financials.  He can reveal as little as he wants I guess but knowing he is alive and hasn't disappeared with our money would be comforting.

I get that this is a bitcoin company but there is a reason why reports are required by the SEC. Friedcat has always seemed like a trustworthy and honorable person. I expect him to treat his shareholders fairly. Please improve relations.

[sharky101]

Oh well I still believe dibs will resume because Friedcat said so but it would be nice for a god damn update so I wasn't basing my belief off of a statement he made months ago.

Yeah, unlike a lot of these people I don't believe Friedcat "owes" us information.  His only responsibility to us is to not steal from the company.  But It sure would be great If we could get at least a heartbeat message. 

"Not enough reserves for dividends, Gen 4 on schedule"   style messages once a month would be plenty for me.

I disagree. He does owe the investors information about the status of the company since we own the company. It's just that he decides how long he waits before telling us what's going on with AM. If he set a schedule of updating shareholders every quarter on a specific date then I think that would ease a lot of people's concerns. He used to be on the forums weekly. Now we don't know if we will hear from him tomorrow or in 6 months from now.
He is actually ignoring shareholders of the company and the board members haven't been much better which makes me think there is a lack of communication between Friedcat and the board.  There needs to be a regularly scheduled update from Friedcat with financials.  He can reveal as little as he wants I guess but knowing he is alive and hasn't disappeared with our money would be comforting.

I get that this is a bitcoin company but there is a reason why reports are required by the SEC. Friedcat has always seemed like a trustworthy and honorable person. I expect him to treat his shareholders fairly. Please improve relations.

+1

[SaintFlow]

Oh well I still believe dibs will resume because Friedcat said so but it would be nice for a god damn update so I wasn't basing my belief off of a statement he made months ago.

Yeah, unlike a lot of these people I don't believe Friedcat "owes" us information.  His only responsibility to us is to not steal from the company.  But It sure would be great If we could get at least a heartbeat message.  

"Not enough reserves for dividends, Gen 4 on schedule"   style messages once a month would be plenty for me.

I disagree. He does owe the investors information about the status of the company since we own the company. It's just that he decides how long he waits before telling us what's going on with AM. If he set a schedule of updating shareholders every quarter on a specific date then I think that would ease a lot of people's concerns. He used to be on the forums weekly. Now we don't know if we will hear from him tomorrow or in 6 months from now.
He is actually ignoring shareholders of the company and the board members haven't been much better which makes me think there is a lack of communication between Friedcat and the board.  There needs to be a regularly scheduled update from Friedcat with financials.  He can reveal as little as he wants I guess but knowing he is alive and hasn't disappeared with our money would be comforting.

I get that this is a bitcoin company but there is a reason why reports are required by the SEC. Friedcat has always seemed like a trustworthy and honorable person. I expect him to treat his shareholders fairly. Please improve relations.

+1

+1

Dear Friedcat,

I urge you to consider the precedence you do set for the bitcoin world.
Only the highest business ethic and proper shareholder relations will
be good enough to further the image of bitcoin!

Sincerely

Someone who made the IPO possible.