ASICMINER: Entering the Future of ASIC Mining by Inventing It

[ujka]

Tried some fast simulation on btcinvest.net calculator.
With no change in btc price, and with that an optimistic 5% diff increase:

http://btcinvest.net/en/bitcoin-mining-profit-calculator.php?diff=35985640265&dcosts=450&diff_mincrease=5&blpbtc=25&dhsmhs=1000000&diff_mincreasedecrease=1&btcusd=360&dpowcon=0&btcusd_mincrease=0&pcost=0.25&calcweeks=25&dleadtime=1&action=calc

[chriswilmer]

What? This is so weird. AM offering cloud mining? That's really the last thing I expected. Frankly until I hear it from friedcat I'm pretty skeptical about all of this.

[elasticband]

What? This is so weird. AM offering cloud mining? That's really the last thing I expected. Frankly until I hear it from friedcat I'm pretty skeptical about all of this.

they talked about it at the saloon...... cloud mining for customers would be in the pipeline of progression due to the cheap electricity they could offer.

[chriswilmer]

What? This is so weird. AM offering cloud mining? That's really the last thing I expected. Frankly until I hear it from friedcat I'm pretty skeptical about all of this.

they talked about it at the saloon...... cloud mining for customers would be in the pipeline of progression due to the cheap electricity they could offer.

If they have cheap electricity... why not just self-mine? Cloud mining just seems like a way to defer capital costs.

[elasticband]

What? This is so weird. AM offering cloud mining? That's really the last thing I expected. Frankly until I hear it from friedcat I'm pretty skeptical about all of this.

they talked about it at the saloon...... cloud mining for customers would be in the pipeline of progression due to the cheap electricity they could offer.

If they have cheap electricity... why not just self-mine? Cloud mining just seems like a way to defer capital costs.

fast capital for something else?

[bitcoiner49er]

What? This is so weird. AM offering cloud mining? That's really the last thing I expected. Frankly until I hear it from friedcat I'm pretty skeptical about all of this.

they talked about it at the saloon...... cloud mining for customers would be in the pipeline of progression due to the cheap electricity they could offer.

If they have cheap electricity... why not just self-mine? Cloud mining just seems like a way to defer capital costs.

Still could be doing just that. Throw out 5PH on the side to get mining income ahead of mining schedule.

[elasticband]

http://organofcorti.blogspot.nl/

unkown - 21937 THps - 20% (4474THps)

1GcF7j3YH8Qs8hvNEe7zbrQZftMU6sRLfu   18   1.73 %   20.45 %   4474 Thps   236

could this be their 5PH mine?

[elasticband]

2014-08-14 21:45:49

first newly generated coins

[Chalkbot]

What? This is so weird. AM offering cloud mining? That's really the last thing I expected. Frankly until I hear it from friedcat I'm pretty skeptical about all of this.

they talked about it at the saloon...... cloud mining for customers would be in the pipeline of progression due to the cheap electricity they could offer.

If they have cheap electricity... why not just self-mine? Cloud mining just seems like a way to defer capital costs.

I think also part of a long term strategy, in that AM in the past has demonstrated that they are conscious about not wanting to disrupt the network by owning a large share of it (say 40 or 50%). Franchising and cloud mining are avenues to manufacture chips and miners for more than their share of the network, and still seeing profits trickle back to AM from those. It also works in the scalability sense, it might be unrealistic to scale a self mining operation up as required to maintain a large percentage of the network indefinitely (space and electricity are limited), so having these other avenues available serves as a proxy while internal development continues at a fixed pace.

[sharky101]

Havelock... really. Now if this was some counterparty asset I would be impressed. The problem for a lot of people isn't investing in a high risk asset but more who is holding the money in the middle. I may trust friedcat but I also have to trust some guys in Panama who are repeatedly making a loss month on month (reference to havelocks financials).

[sngwinner]

2014-08-14 21:45:49

first newly generated coins

Now that is exciting.  I wish I had placed a few more shares this morning.

[ujka]

2014-08-14 21:45:49

first newly generated coins

As they said:

Deployment of the 5 Peta-hash has been done and been tested for several days.

[elasticband]

2014-08-14 21:45:49

first newly generated coins

As they said:

Deployment of the 5 Peta-hash has been done and been tested for several days.

could mean they just hit the 5PH mark several days ago and are now ready to start their IPO.

[twentyseventy]

I think also part of a long term strategy, in that AM in the past has demonstrated that they are conscious about not wanting to disrupt the network by owning a large share of it (say 40 or 50%). Franchising and cloud mining are avenues to manufacture chips and miners for more than their share of the network, and still seeing profits trickle back to AM from those.

Franchising would work this way, but cloud mining would not since the hashpower owners are not the ones controlling what transactions are included in a block. It's essentially like mining to a pool you can never switch away from.

Not that I think AM will ever come close to 40%

[ujka]

2014-08-14 21:45:49

first newly generated coins

As they said:

Deployment of the 5 Peta-hash has been done and been tested for several days.

could mean they just hit the 5PH mark several days ago and are now ready to start their IPO.

That address, 1GcF7j3YH8Qs8hvNEe7zbrQZftMU6sRLfu, had 5ph the very first day it started mining.
https://blockchain.info/charts/received-per-day?timespan=180days&showDataPoints=false&daysAverageString=7&show_header=true&scale=0&address=1GcF7j3YH8Qs8hvNEe7zbrQZftMU6sRLfu

Of course, we don't know who is behind this address.

[elasticband]

2014-08-14 21:45:49

first newly generated coins

As they said:

Deployment of the 5 Peta-hash has been done and been tested for several days.

could mean they just hit the 5PH mark several days ago and are now ready to start their IPO.

That address, 1GcF7j3YH8Qs8hvNEe7zbrQZftMU6sRLfu, had 5ph the very first day it started mining.
https://blockchain.info/charts/received-per-day?timespan=180days&showDataPoints=false&daysAverageString=7&show_header=true&scale=0&address=1GcF7j3YH8Qs8hvNEe7zbrQZftMU6sRLfu

Of course, we don't know who is behind this address.

not exactly - http://organofcorti.blogspot.nl/2014/08/august-17th-2014-weekly-bitcoin-network_18.html

I do see your point though, soon after launch they were around 5PH

[Chalkbot]

I think also part of a long term strategy, in that AM in the past has demonstrated that they are conscious about not wanting to disrupt the network by owning a large share of it (say 40 or 50%). Franchising and cloud mining are avenues to manufacture chips and miners for more than their share of the network, and still seeing profits trickle back to AM from those.

Franchising would work this way, but cloud mining would not since the hashpower owners are not the ones controlling what transactions are included in a block. It's essentially like mining to a pool you can never switch away from.

Not that I think AM will ever come close to 40%

You are correct here, although it seems to me from the description on the website that the cloudmining service itself is a franchise... I don't know anything for certain of course.

I don't know if AM will come close to 40% again or not, but they have one thing working for them in that regard; That they actually plan how that might happen, and make a roadmap accordingly. Pretty much all of the Asic failures didn't have a plan beyond continually scaling up what worked last time, without ever revisiting the idea to make sure it's valid in the current environment. Look at BFL for a stunning example of this, I mean, if you ignore their failure to deliver, you see that they didn't really have a chance anyways, as they were still planning to sell fancy overpriced aluminum boxes to hobbyists, as if we were still in their FPGA glory days. You need a plan as much as you need to act on it.

[ujka]

An interesting thing, I came across an address that stopped mining a day before '1Gc' started, also very close to 5ph: 12zGKHDRpQSTRgwZanadpNToBytFNuqCY1
And the day it started mining? 15th. July. Mid July
(Ah, this is for speculation thread)

[elasticband]

2014-08-14 21:45:49

first newly generated coins

As they said:

Deployment of the 5 Peta-hash has been done and been tested for several days.

could mean they just hit the 5PH mark several days ago and are now ready to start their IPO.

That address, 1GcF7j3YH8Qs8hvNEe7zbrQZftMU6sRLfu, had 5ph the very first day it started mining.
https://blockchain.info/charts/received-per-day?timespan=180days&showDataPoints=false&daysAverageString=7&show_header=true&scale=0&address=1GcF7j3YH8Qs8hvNEe7zbrQZftMU6sRLfu

Of course, we don't know who is behind this address.

if we look at 10th aug - 17th aug pool reports

http://organofcorti.blogspot.nl/2014/08/august-10th-2014-weekly-bitcoin-network.html

unkown is bellow bitfury, then the week after when 1GcF7j3YH8Qs8hvNEe7zbrQZftMU6sRLfu is now solo mining we can then see unknown pushes ahead of bitfury.

whoever controls that address was probably pool mining before moving to solo

[cs54]

Who is ASICMINER?
ASICMINER is the first bitcoin mining device company in the world selling mining devices in stock(own ASIC chips),founded in 2012. And ASICMINER's deployed more than 30% hashrate in the whole world last year, it's still the most concerned and popular company in community.More details can be found at the thread: https://bitcointalk.org/index.php?topic=99497.0

Reference links

ASICMINER main thread:https://bitcointalk.org/index.php?topic=99497.0
ASICMiner Starts Hashing:http://bitcoinmagazine.com/3300/asicminer-starts-hashing/
ASICMiner to release USB ASIC bitcoin mining devices :http://mineforeman.com/2013/04/13/asicminer-to-release-a-usb/
What are ASIC Miners and Why Are They So Important?:http://coin.furuknap.net/what-are-asic-miners-and-why-are-they-so-important/
Visit of ASICMINER's Immersion Cooling Mining Facility:https://bitcointalk.org/index.php?topic=346134.0
从ASICMINER液冷矿场访问归来:http://bitell.sinaapp.com/show.php?tid=938
What is cloud mining?
Cloud mining or cloud hashing is a brand new concept, which allows users to form groups (pools), where their joint efforts are rewarded with greater income, compared to solo mining. All Bitcoin mining is done in the cloud, without any offline hassle, such as electricity, hosting issues, or installation and upkeep trouble. Thus, everybody can earn extra revenue with little to no risk.

Why choose AMHash?
1. Trustable; ASICMINER is a trusted and well-known company in bitcoin community and AMHash is the project run by ASICMINER and RockMiner .
2. Higher ROI; low cost on both initial price and maintenance fee(only 1.6USD/day).
3. Flexible trading; the contract is fully tradable at the secondary market through Havelock Investments trading platform allowing you to exit your position at any time.
4. Guaranteed profit; Compared to others, AMHash1 Fund will pay you dividends based on hashrate equivalent calculation protecting your earnings and shielding you from hardware maintenance cost and risk.
5. It simplifies the ROI estimations by eliminating the factors involved in constructing a mining farm, such as infrastructure cost, shipping time, repairing, electricity bill and labor.
6. 100% real hasharate.

Looks like AMHash is trading on AM's goodwill, trustworthiness and popularity, which have clearly eroded. Seems like this venture will depend in large part on PR, which is AM's Achilles heel.  I just hope FC and Co. have learned some lessons from Gen 3, and have connected the dots between poor communication and low demand.