ASICMINER: Entering the Future of ASIC Mining by Inventing It

[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.

[Rival]

Gen3 chips roll out, Rockminers released, tubes released, prismas released, 5PH cloudmining comes online...

yet still... no divs.

What exactly is FC waiting for to happen to pay divs? The resurrection of Satoshi?

[sngwinner]

That's the thing. If he said that he's retaining to fund gen 4 and provides a financial statement that would be acceptable. He can't simply retain the earnings without addressing this though since he announced that dibs would be aggressive!

[freedomno1]

Hmm just noticed its been a month and a day since his last post
He's very quiet whatever he is up to in the background right now

[Chris_Sabian]

Gen3 chips roll out, Rockminers released, tubes released, prismas released, 5PH cloudmining comes online...

yet still... no divs.

What exactly is FC waiting for to happen to pay divs? The resurrection of Satoshi?

Satoshi didn't die because Satoshi is immortal.

[rudi]

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.

It's "co-sponsored by ASICMINER and ROCKMINER". Maybe rockxie will take care of PR.

[Mabsark]

Gen3 chips roll out, Rockminers released, tubes released, prismas released, 5PH cloudmining comes online...

yet still... no divs.

What exactly is FC waiting for to happen to pay divs? The resurrection of Satoshi?

What happened at the end of last October?

[DebitMe]

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.

It's "co-sponsored by ASICMINER and ROCKMINER". Maybe rockxie will take care of PR.

Wonder who will be getting the profits from selling of the IPO as well as the profits from hosting and who will be left with the equipment once they go 7 days without a dividend?

Looks like roughly 2.5M USD being raised by the IPO, plus roughly 250K USD per month in electricity plus maintenance, and who knows what they will be worth by the time the asset is finished.

[rudi]

From the power efficiency of gen3 hardware and the stated maintenance fee per GH per day, we can tell that AM gets electricity for less than $0.09 per kWh.
Or the stated maintenance fee is lower than their maintenance costs, which I doubt.

[RoadStress]

They sell because they are low price...not because they are great chips.

Isn't a low price + good efficiency the definition of a good chip?

Good efficiency on the BE200 chips! Good one

[elasticband]

They sell because they are low price...not because they are great chips.

Isn't a low price + good efficiency the definition of a good chip?

Good efficiency on the BE200 chips! Good one

SP35 YUKON POWER NOVEMBER BATCH 1
$3,920.00 / 361$ = 10.85 BTC
 Nominal Power Consumption 3500 W
Power Efficiency0.58W/GH/s

DISCLAIMER WILL SP DELIVER ON SPEC?

vs

block erupter prisma (shipping now)
1.25BTC = 1.4TH
power consumption 1050w
power efficency 0.75/GH/s
7TH = 6.25BTC . 5250w

1750w + 1TH vs 4.6BTC($1660) extra?

[Dexter770221]

I'm reading this and I don"t understand it at all. It's 1633$/day/5PH maintenance fee?
Or 1.633$/day/GH?

First looks like 10 times lower than competition, second doesn't make sense at all.

[twentyseventy]

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.

Have to agree with you there!

[rudi]

I'm reading this and I don"t understand it at all. It's 1633$/day/5PH maintenance fee?
Or 1.633$/day/GH?

First looks like 10 times lower than competition, second doesn't make sense at all.

Yup, it's 1.633$/day/GH.
It's admittedly a bit confusing, but here dots are used as a decimal mark, like in the US.

Edit: I'm obviously wrong.

[twentyseventy]

I'm reading this and I don"t understand it at all. It's 1633$/day/5PH maintenance fee?
Or 1.633$/day/GH?

First looks like 10 times lower than competition, second doesn't make sense at all.

Yup, it's 1.633$/day/GH.
It's admittedly a bit confusing, but here dots are used as a decimal mark, like in the US.

It has to be $1,633.00 total cost per day, $1.633 per day per GH means that the maintenance fee is $1.6 per day while the cost of a GH is .00125 BTC = $0.45

[jimmothy]

I'm reading this and I don"t understand it at all. It's 1633$/day/5PH maintenance fee?
Or 1.633$/day/GH?

First looks like 10 times lower than competition, second doesn't make sense at all.

Yup, it's 1.633$/day/GH.
It's admittedly a bit confusing, but here dots are used as a decimal mark, like in the US.

No it's $1.63/TH/s daily. (website is a bit misleading)

The Havelock overview clarifies it:

The fee is 1.89*10^(-8) USD per unit per second.

Which equals $0.001633/day/GH/s

[Dexter770221]

I'm reading this and I don"t understand it at all. It's 1633$/day/5PH maintenance fee?
Or 1.633$/day/GH?

First looks like 10 times lower than competition, second doesn't make sense at all.

Yup, it's 1.633$/day/GH.
It's admittedly a bit confusing, but here dots are used as a decimal mark, like in the US.

Actually it's 1.633$/day/1TH. I needed to do some math From table:
1.25BTC price (0.00125 * 1000 GH), 588$/360 days maintenance fee = 1.633$/day/1000GH

[rudi]

Ah yes, you're right. Thanks guys!

[Bonam]

So the AMHash shares will only ever make a profit if difficulty increments stay below ~5%. And, even if they do, the profit will be minimal compared to the cost and only achieved after 6+ months.