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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3916315 times)
Rival
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October 13, 2014, 09:31:11 PM
 #23661

On a lighter note, it only costs $175,000 to become a board member.

What did it cost to become one originally?
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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October 13, 2014, 09:45:07 PM
 #23662

something like $50,000 (btc was aroung $10 in august 2012 when this thread started but with a large range in price)
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October 13, 2014, 09:47:05 PM
 #23663

That was a rhetorical question. The answer is $5000.
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October 13, 2014, 09:50:12 PM
 #23664

The answer is $5000.


Death is nothing to us, since when we are, death has not come, and when death has come, we are not. #yolo

-Epicuru$
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October 13, 2014, 09:50:49 PM
 #23665

That was a rhetorical question. The answer is $5000.

0.1 Btc share - 1 Btc @ 10$  Kiss
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October 13, 2014, 09:57:53 PM
 #23666

Wonder how many prismas have been sold. Should be shipping.

ASICMINERTUBE
   
  The Best $/Gh Bitcoin Miner So Far
   ►►►   DISCOVER NOW !!!   ◄◄◄
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October 13, 2014, 10:07:21 PM
 #23667

Really, when was the ipo then? Thought it was around august 2012 but obviously it must have been earlier then. Damn, need to brush up my math skills  Embarrassed forgot to do times .1  Grin
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October 13, 2014, 10:09:29 PM
 #23668

Wonder how many prismas have been sold. Should be shipping.

at least there's work done:

In an unexpected but most welcome move, the driver for these was submitted to cgminer. I've reviewed their driver and suggested some changes which they've already resubmitted so the driver is now part of mainline cgminer and will be in the next release due out today.

impatient fools.

ps: thx for sum cheap cheap shares. whoever.

pps: feels like waren f****g buffet.
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October 13, 2014, 10:19:28 PM
Last edit: October 13, 2014, 10:52:03 PM by Rival
 #23669

As much as I want to support AM, I needed to upgrade and needed an all-in-one self contained solution. I got a used Dragon 1 TH unit delivered in 3 days for $550. I did not need a power supply, ethernet controller, customs delivery issues, nor did I need to screw with the firmware to get it to mine on my pool of preference. It was up and hashing at 1028 GH in less than 4 minutes, with just a hair over 1000 watts at the wall. Now granted, I could not get 100 of them at this price if I was running a large operation, and the Prisma is somewhat more efficient, but you really only realize those efficiencies if you run them in bulk.

I guess AM has it's sights on datacenters only.

Hopefully AM has lots of room to reduce the prices as more larger units come out of datacenters and into the secondary market.

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October 14, 2014, 02:01:14 AM
 #23670

As much as I want to support AM, I needed to upgrade and needed an all-in-one self contained solution. I got a used Dragon 1 TH unit delivered in 3 days for $550. I did not need a power supply, ethernet controller, customs delivery issues, nor did I need to screw with the firmware to get it to mine on my pool of preference. It was up and hashing at 1028 GH in less than 4 minutes, with just a hair over 1000 watts at the wall.

When did you start mining?

$550/TH is about $100 more expensive than the AM Prisma.

At $0.1/kwh the AM Prisma would save ~$100 worth of electricity in 6 months.

So unless you can mine $200 in profit before the Prisma's begins shipping, then the Prisma is a better deal.

Quote
Now granted, I could not get 100 of them at this price if I was running a large operation, and the Prisma is somewhat more efficient, but you really only realize those efficiencies if you run them in bulk.

Where did you get the idea that efficiency only matters in large scale operations? If anything it's the exact opposite.

The cheaper the electricity, the less of an effect efficiency has. If you have free electricity then efficiency means nothing (as long as cooling is not a problem).

Quote
I guess AM has it's sights on datacenters only.

How so? A 1100W machine seems perfectly fine for home use as well as datacenter use.

Quote
Hopefully AM has lots of room to reduce the prices as more larger units come out of datacenters and into the secondary market.

Not sure what you mean.

Do you think there are some massive farms that will be dumping miners on the market for some reason? The only reason for this I can think of would be to replace their current gen hardware with AM Prismas.

I don't think AM has anything to worry about with current gen hardware as it's clear that no other company can come close to the $/gh that AM is offering. And as soon as there is a competing chip, AM's gen4 will probably be ready or due soon.
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October 14, 2014, 02:24:00 AM
 #23671

Perhaps you get 1000 (or 1100?) watt power supplies for free, but I don't. It is my understanding that the Prisma does not come with a power supply. The dragon came with PS installed.

I have been mining for years, starting with graphics cards, to butterfly rigs, to AM BE, cube, and all manner of USB miners.

$550 delivered for a complete 1 TH solution running today will do just fine. I have no doubt I can shake a few coins out of it.

PS: There isn't a mining calculator out there worth a crap. That's the first thing you learn as a miner.
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October 14, 2014, 02:24:27 AM
 #23672

Wonder how many prismas have been sold. Should be shipping.
I think people are getting antsy for tracking numbers in the HW thread
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October 14, 2014, 06:14:14 AM
 #23673

So, friedcat...uh...are you in Hong Kong right now?
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October 14, 2014, 12:24:45 PM
 #23674

Wonder how many prismas have been sold. Should be shipping.
I think people are getting antsy for tracking numbers in the HW thread

Well anytime you pre-order you should be antsy...not like 99% of them have not been disasters. AM clearly stated the shipping date range so people should relax a little bit.
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October 14, 2014, 01:47:11 PM
 #23675

AM has now pretty much falls back to close to IPO price level .......

Any light at the end of the tunnel?
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October 14, 2014, 01:59:20 PM
 #23676

That's a choo choooooooooo light
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October 14, 2014, 03:13:02 PM
 #23677

Maybe this can make you guys feel better:

http://kncclassaction.com/
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October 14, 2014, 03:15:51 PM
 #23678

Q3 has ended a few weeks ago.

Any update on Gen4 - Specs/Goal/Plan/Status?

Anyone have any information on the when the last time the board met?

Any board members care to drop by to inform us of anything?

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October 14, 2014, 04:04:10 PM
 #23679

Maybe this can make you guys feel better:

http://kncclassaction.com/

No surprise there.  They started off very well and then went to hell.  Same as BFL...
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October 14, 2014, 04:04:52 PM
 #23680

Q3 has ended a few weeks ago.

Any update on Gen4 - Specs/Goal/Plan/Status?

Anyone have any information on the when the last time the board met?

Any board members care to drop by to inform us of anything?



Well, I guess FC is waiting for physical sample chips in order to confirm they're working as expected. Also the Bitcoin price needs to go higher first.

Also, yesterday it hit me like a rock: Why would he advertise gen 4 hardware or tell people about an immediate release, if he's busy still selling gen 3???

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