ASICMINER: Entering the Future of ASIC Mining by Inventing It

[Chris_Sabian]

im still kinda confused on the fees, each day each GH maint fee is what....

First I understood that it's $1.63/day for each GH, but now I think it's $1.63/day for each TH. Taken from their picture with maintenance being $587 for 1 year for AMHash1 that costs 1.25 BTC. But I find it weird cheap.

$1.63/day for each TH makes it much more reasonable.  That price for each GH is terrible.  That would be on par with each gen1 chip with 10W/ GH

That's my thoughts too, but that makes it $49/month for a TH which I find too cheap. for a 0.7W/GH that would mean 700W for a TH and a power cost of just 0.03$/kWh. It's either that cheap or something is fishy here. And if AM can get so cheap power why didn't they self mined faster or stronger? That power cost is a miner's wet dream.

"FriedCat has more tricks up his sleeve as well with new chips on the way and a new partnership we will report on here in the future."

maybe they really do have super cheap energy and they would make more money by could mining? I got no answer here

FC was talking about finding cheap electricity at the Salon back in August.  Let's not for about the DataTank partnership as well.

[stompysteve]

im still kinda confused on the fees, each day each GH maint fee is what....

First I understood that it's $1.63/day for each GH, but now I think it's $1.63/day for each TH. Taken from their picture with maintenance being $587 for 1 year for AMHash1 that costs 1.25 BTC. But I find it weird cheap.

$1.63/day for each TH makes it much more reasonable.  That price for each GH is terrible.  That would be on par with each gen1 chip with 10W/ GH

That's my thoughts too, but that makes it $49/month for a TH which I find too cheap. for a 0.7W/GH that would mean 700W for a TH and a power cost of just 0.03$/kWh. It's either that cheap or something is fishy here. And if AM can get so cheap power why didn't they self mined faster or stronger? That power cost is a miner's wet dream.

"FriedCat has more tricks up his sleeve as well with new chips on the way and a new partnership we will report on here in the future."

maybe they really do have super cheap energy and they would make more money by cloud mining? I got no answer here

FC was talking about finding cheap electricity at the Salon back in August.  Let's not for about the DataTank partnership as well.

maybe they need funding to start upgrading their own mining OP?

[RoadStress]

FC was talking about finding cheap electricity at the Salon back in August.  Let's not for about the DataTank partnership as well.

DataTank doesn't make the electricity cheaper.

Even if they have super cheap electricity why not use if for more self mining?

[laustcozz]

Even if they have super cheap electricity why not use if for more self mining?

1. Hedging.  By selling hashpower up front for what you expect the profits to be eventually anyway you protect yourself from unexpected difficulty increase.

2. Pulling profits forward.  By selling instead of self mining you get your profits now rather than across the next year.

3. Simple profits.  If you can truly sell electricity cheaper than people can buy it at home and turn a profit doing it...why the hell not?  It has long been theorized that bitcoin will eventually be used to "export" cheap power.

[stompysteve]

FC was talking about finding cheap electricity at the Salon back in August.  Let's not for about the DataTank partnership as well.

DataTank doesn't make the electricity cheaper.

Even if they have super cheap electricity why not use if for more self mining?

The only thing that would make sense to me is if they were using gen4 as cloud mining making profits, kept selling gen3 prismas, then when the timing is right release gen4 chips to public and start gen4 prismas since the chips are apparently interchangable if I'm not wrong

[amhash]

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.

some companies just sell the hashrate never deployed, ASICMiner is the most trustable team!!

[stompysteve]

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.

some companies just sell the hashrate never deployed, ASICMiner is the most trustable team!!

are you the new AM PR person??

[wasubii]

damn, so apparently, FC (and boardmembers) prolonged absence could partly be explained by the fact that china has indeed restricted access to bitcointalk:

bitcointalk has been totally blocked by china interenet so i cannot login very often

are there anymore chinese people in here

We all use VPNs in China. Without them we wouldn't have google, Facebook, twitter, BBC news (sometimes), etc etc

Personally, i never go online without a VPN because I'm paranoid about Big Brother watching me...

[drasted]

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.

some companies just sell the hashrate never deployed, ASICMiner is the most trustable team!!

are you the new AM PR person??

It looks like he made his first post before AMHash was announced on havelock. It's in chinese and is about cloud mining but google translate is doing a horrible job of translating it, making it kind of hard to understand.

[mrlupin]

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.

some companies just sell the hashrate never deployed, ASICMiner is the most trustable team!!

If it's true friedcat's karma must be riding high. Curious to see how that will affect the dynamics of hardware sales for the next gen

[rudi]

That's my thoughts too, but that makes it $49/month for a TH which I find too cheap. for a 0.7W/GH that would mean 700W for a TH and a power cost of just 0.03$/kWh. It's either that cheap or something is fishy here. And if AM can get so cheap power why didn't they self mined faster or stronger? That power cost is a miner's wet dream.

Can you clarify how you get to $0.03/kWh?
I get the following:
For 0.7 kWh for a TH and 0.1$/kWh, we get (about) 0.7*24*30*0.1 = $50.4 per month in electricty costs.
So these maintenance fees indicate that AM gets electricity for less than $0.1/kWh. It does not indicate they get electricity for less than $0.03/kWh.
That's much more reasonable (and not even particularly cheap if they indeed pay $0.1/kWh, but I would assume they pay somewhat less).

[elasticband]

@roadstress I see you posting but choosing not to acknowledge the post I made in reply to your comment yesterday.

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]

Prisma has 0.75W/GH efficiency. At wall let's say 0.8W/GH. 1TH will consume ~20kWh/day. 600kWh/month, 7200kWh/year (from table maintenance fee is 588$/year) thus 588$/7200kWh = ~0.0817$/kWh. <- Thats maintenance with electricity, so electricity alone is cheaper than that (0.05$/kWh maybe?)

[ujka]

That's my thoughts too, but that makes it $49/month for a TH which I find too cheap. for a 0.7W/GH that would mean 700W for a TH and a power cost of just 0.03$/kWh. It's either that cheap or something is fishy here. And if AM can get so cheap power why didn't they self mined faster or stronger? That power cost is a miner's wet dream.

Can you clarify how you get to $0.03/kWh?
I get the following:
For 0.7 kWh for a TH and 0.1$/kWh, we get (about) 0.7*24*30*0.1 = $50.4 per month in electricty costs.
So these maintenance fees indicate that AM gets electricity for less than $0.1/kWh. It does not indicate they get electricity for less than $0.03/kWh.
That's much more reasonable (and not even particularly cheap if they indeed pay $0.1/kWh, but I would assume they pay somewhat less).

AM tube's power usage is about 1.1W/GH/s (as per sidehack post, https://bitcointalk.org/index.php?topic=769570.msg8676189#msg8676189). To cover just the cost of electricity with $1.6 per day per TH/s, they have to get it for less then $0.06/kWh. But I guess that maintenance cost also includes renting space, colling, support,... ?

[rudi]

AM tube's power usage is about 1.1W/GH/s (as per sidehack post, https://bitcointalk.org/index.php?topic=769570.msg8676189#msg8676189). To cover just the cost of electricity with $1.6 per day per TH/s, they have to get it for less then $0.06/kWh. But I guess that maintenance cost also includes renting space, colling, support,... ?

As Dexter770221 already said, they're most likely using Prismas, not Tubes. This gets us to about $0.08/kWh.
But this indeed assumes that the maintenance fees are used to pay only for electricity to run the miners (not cooling). If it is used to pay for other maintenance costs, they must get pretty darn cheap electricity indeed.

[mxmenga]

but the old shares AM1, are automatically included in this project?
 

[runam0k]

Are they advertising this somewhere, or just to people registered with Havelock?

[bobboooiie]

but the old shares AM1, are automatically included in this project?
 

Not, i wonder why people actually arent more outraged by this ...

[Dexter770221]

There's only 1,000,000 units on havelock. Rest 4PH will mine for AM?

[hdbuck]

damn, so apparently, FC (and boardmembers) prolonged absence could partly be explained by the fact that china has indeed restricted access to bitcointalk:

bitcointalk has been totally blocked by china interenet so i cannot login very often

are there anymore chinese people in here

We all use VPNs in China. Without them we wouldn't have google, Facebook, twitter, BBC news (sometimes), etc etc

Personally, i never go online without a VPN because I'm paranoid about Big Brother watching me...

Hum cuz google facebook et al arent big brothering somehow?!