ASICMINER: Entering the Future of ASIC Mining by Inventing It

[rudi]

There is about one PH worth of hardware in this picture.
Must be very loud.

[rudi]

You cannot make a profit with buying hosted mining.

Why would that necessarily be so? I would guess it depends on the price you pay?

[elasticband]

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

I think there is another big mistake.

Each share is worth 5 Gh/s, that is why there is only 1 000 000 shares available !

Each share is worth 1Gh/s.

Great work by the way!

[arnuschky]

There is about one PH worth of hardware in this picture.
Must be very loud.

Nice. These are tubes? Where did this come from?

[mxmenga]

Well, this is merely a co-founded cloud mining project and contract, he's selling. This is effectively just a product ASICMiner is selling to people who are interested. The regular AM1 shares own a part of the company, therefore they're de-facto entitled to the revenue of this project (which first flows into the company, dividends only consist of what FC decides to forward to the shareholders)

I hope so, it is from March that i don't see any satoshi from AM 

[FUR11]

There is about one PH worth of hardware in this picture.
Must be very loud.

Nice. These are tubes

There is about one PH worth of hardware in this picture.
Must be very loud.

Nice. These are tubes? Where did this come from?

? Where did this come from?

Here are quite some pictures of the farm: http://instagram.com/asicminerhash. Seems to be quite an operation. I hope they can scale the hashrate and efficiency even higher with gen 4. But I bet this still is gen 3.

[FUR11]

Well, this is merely a co-founded cloud mining project and contract, he's selling. This is effectively just a product ASICMiner is selling to people who are interested. The regular AM1 shares own a part of the company, therefore they're de-facto entitled to the revenue of this project (which first flows into the company, dividends only consist of what FC decides to forward to the shareholders)

Well, you're not alone. I believe there are quite some people who are waiting for dividends to start rolling again. I believe we need to see gen 4 and possibly a rise in BTC price first, though :/

I hope so, it is from March that i don't see any satoshi from AM 

[Tripjammer]

You cannot make a profit with buying hosted mining.

Why would that necessarily be so? I would guess it depends on the price you pay?

Why do people say you can't make a profit? I know people are making a profit in some of the other cloud mining systems. This one seems to have the lowest cost and maintaince fees.

[rudi]

If this farm is using Tubes instead of Prismas, we have to revise our estimate of their electricity costs downward somewhat (to probably less than $0.06/kWh).

[101111]

If this farm is using Tubes instead of Prismas, we have to revise our estimate of their electricity costs downward somewhat (to probably less than $0.06/kWh).

Surely the tariff is the same regardless of miner?

[rudi]

If this farm is using Tubes instead of Prismas, we have to revise our estimate of their electricity costs downward somewhat (to probably less than $0.06/kWh).

Surely the tariff is the same regardless of miner?

Tubes need more power per GH.

[rockxie]

Still waiting for "benefits" tho. This is starting to annoy me. I dont like the idea of another ipo considering how fc behave lately. You cant just ask for more money like that.

I don't see a problem with this "IPO" in the least. It's quite similar to selling hardware. I think it makes a lot of sense for AM, and it's clearly the best deal out there.

Im not gonna put a single satoshi in this new venture as i dont get my divs from AM.

This is illogical: Whether you can profit from AMHash or not is independent of whether AM pays out dividends or not.

Even if you get divs...buying the AMHash is a bad idea. You cannot make a profit with buying hosted mining.  You should just hope it sells well and that AM makes some profit from it.

I think win-win is possible.This price is suitable for miners. You know the profit of mining is less and less along with the price is down. Cloud mining is the trend for bitcoin mining industry and hashrates will be more and more concentrated to people who has cheaper electricity if the rule of mining is not changed.

[ujka]

If this farm is using Tubes instead of Prismas, we have to revise our estimate of their electricity costs downward somewhat (to probably less than $0.06/kWh).

My last estimate was done using Tubes power usage (was asuming they are 1GcF7j3YH8Qs8hvNEe7zbrQZftMU6sRLfu, and deployed that 5PH mid August!)

[101111]

If this farm is using Tubes instead of Prismas, we have to revise our estimate of their electricity costs downward somewhat (to probably less than $0.06/kWh).

Surely the tariff is the same regardless of miner?

Tubes need more power per GH.

Yes but the cost per kWh, the cost of electricity, would be the same regardless.

edit I think maybe you meant the J/GH

[rudi]

If this farm is using Tubes instead of Prismas, we have to revise our estimate of their electricity costs downward somewhat (to probably less than $0.06/kWh).

Surely the tariff is the same regardless of miner?

Tubes need more power per GH.

Yes but the cost per kWh, the cost of electricity, would be the same regardless.

edit I think maybe you meant the J/GH

It's actually quite clear: The maintenance fees are per GH. Also, the maintenance fees are stated and known.
If the equipment uses more electricity per GH, it costs more to maintain.
Hence, we can estimate what AMHash pays for electricity.

"power consumption" x "price of electricity" = "fee"
Solve for "price of electricity".

[Sledge]

I don't understand why someone would buy the new AMHash1 fund on HavelockInvestments.com when the AM1 share hasn't had an update since May 2014. Not a single communication from the company at all. Sure, we can now see what they were up to, but you'd think they'd have time to send out some kind of update. I keep getting pings with 10 BTC inserted into the AsicMiner address on the blockchain, but see no dividends or explanations of any kind.

[101111]

If this farm is using Tubes instead of Prismas, we have to revise our estimate of their electricity costs downward somewhat (to probably less than $0.06/kWh).

Surely the tariff is the same regardless of miner?

Tubes need more power per GH.

Yes but the cost per kWh, the cost of electricity, would be the same regardless.

edit I think maybe you meant the J/GH

It's actually quite clear: The maintenance fees are per GH. Also, the maintenance fees are stated and known.
If the equipment uses more electricity per GH, it costs more to maintain.
Hence, we can estimate what AMHash pays for electricity.

"power consumption" x "price of electricity" = "fee"
Solve for "price of electricity".

Thanks, yes makes sense, I was thinking of the straight kWh tariff ("price of electricity").

[hdbuck]

@rockxie Could you please ask FC to give sign of life if not straight forward updates?! He has let AM shares crashed without blinking and now there is another IPO out of the blur?! Thats not professional. Thank you.

[Mabsark]

I don't understand why someone would buy the new AMHash1 fund on HavelockInvestments.com when the AM1 share hasn't had an update since May 2014. Not a single communication from the company at all. Sure, we can now see what they were up to, but you'd think they'd have time to send out some kind of update. I keep getting pings with 10 BTC inserted into the AsicMiner address on the blockchain, but see no dividends or explanations of any kind.

That's like saying that you don't understand why someone would buy a Prisma because AM shareholders haven't received dividends for a while. AM shareholders are simply irrelevant to that decision. The main reason why people would buy a Prisma or AMHash are the same - they offer the best value for money.

[sngwinner]

The IPo and stock proce don't worry me. I want FC to address the obvious change in operating plans since he announced that dividends would be aggressive.