bones
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November 23, 2014, 05:12:09 AM |
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Yeah, this is basically what 90% of the people around here accept as a fact. This has already been priced in mostly (hopefully) Has it? Look at the risk/cost/benefits and the competitive landscape prior to gen 1, compare it to the situation now. The cost of a gen 4 maskset alone would have allowed you develop, build, and deploy enough gen 1 miners to rule 90+% of the network back in the day. Also, back then, missing specs by a factor 3x or more was no big deal. If they miss gen 4 power efficiency by as little as 30%, they are pretty much hosed. So anyone who thinks a share today is worth the same as during its IPO, Ive got a cloudhashing contract to sell to you. Of course the btc market as a whole now is worth alot more, so that must be factored in. And how many asic companies are actually for sale in the form of shares? AFAIK one. Rareness costs, bitcoiners know that.
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Swordsoffreedom
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November 23, 2014, 05:29:19 AM |
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Upcoming Dividend Notice
Please expect that there may be a dividend with minimum value which won't be recognized as dust transactions.
1. As discussed in the board, it serves only the purpose of clearing OTC trades and showing the founders' shareholding status.
2. Because of 1, please do not take it as a buy/sell indication.
3. The date of resuming dividends with meaningful amount is yet to be determined. It depends on the upcoming company performance.
Thanks for the update Friedcat It's always good to hear from you about whats going on in the company I'm looking forward to gen 4.
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freedomno1
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November 23, 2014, 07:08:13 AM |
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Any info as to why it is so difficult for AM to get a PR team (or person) set up? They can manage to do quite a bit behind the scenes, you would think a guy who posts updates regularly wouldnt be an issue.
In a nutshell, the explanation for communication issues is that no clear guideline exists on which information should be released at which time and in which format. So the topic has been dealt with half-assed and procrastinated ad infinitum. At least supporting customers who have outstanding issues would be appreciated please.
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Believing in Bitcoins and it's ability to change the world
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webbrowser
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November 23, 2014, 08:40:43 AM |
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1. As discussed in the board, it serves only the purpose of clearing OTC trades and showing the founders' shareholding status.
I hope to see board members have not been selling out with the benefit of extra knowledge, but have instead been holding or even increasing their holdings.
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ujka
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November 23, 2014, 09:32:17 AM |
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Yeah, this is basically what 90% of the people around here accept as a fact. This has already been priced in mostly (hopefully) Has it? Look at the risk/cost/benefits and the competitive landscape prior to gen 1, compare it to the situation now. The cost of a gen 4 maskset alone would have allowed you develop, build, and deploy enough gen 1 miners to rule 90+% of the network back in the day. Also, back then, missing specs by a factor 3x or more was no big deal. If they miss gen 4 power efficiency by as little as 30%, they are pretty much hosed. So anyone who thinks a share today is worth the same as during its IPO, Ive got a cloudhashing contract to sell to you. Of course the btc market as a whole now is worth alot more, so that must be factored in. And how many asic companies are actually for sale in the form of shares? AFAIK one. Rareness costs, bitcoiners know that. The btc mining market is worth less now - I mean - there is less btc left to be minted.
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Puppet
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November 23, 2014, 09:40:42 AM |
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Of course the btc market as a whole now is worth alot more, so that must be factored in. Shares are BTC denominated, as is potential mining revenue. Rareness costs, bitcoiners know that.
Bitcoiners who have been around for longer know that "rareness" is irrelevant, and return is all that matters. Or do you still fancy a piece in a rare Cypriotic bitcoin banking venture? Perhaps a rare bitcoin real estate company? A unique bitcoin insurance company? BTW, you could invest in Cointerra too. And Im pretty sure some people here invested in other asic vendors, like bitmine and bitfury. Not btc denominated, and not publicly traded, but investments nonetheless.
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bigdude
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November 23, 2014, 10:23:15 AM |
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awesome to hear we have divs coming. thanks for the update friedcat, although better news would be gen4 shipping Are people not reading FC's update. There are NO dividends coming!! It depends on company performance, ie. we have nothing right now The 'dividends' that will be sent out will be just an admin function, to make sure the right people have their shares, nothing further. This is a BAD situation, worse than expected.
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funkymunky
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November 23, 2014, 10:35:32 AM |
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This is exactly what it says, it's as though people have misread it.... Not good at all I'm afraid. awesome to hear we have divs coming. thanks for the update friedcat, although better news would be gen4 shipping Are people not reading FC's update. There are NO dividends coming!! It depends on company performance, ie. we have nothing right now The 'dividends' that will be sent out will be just an admin function, to make sure the right people have their shares, nothing further. This is a BAD situation, worse than expected.
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aumusxou
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November 23, 2014, 12:57:23 PM |
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1. As discussed in the board, it serves only the purpose of clearing OTC trades and showing the founders' shareholding status.
I hope to see board members have not been selling out with the benefit of extra knowledge, but have instead been holding or even increasing their holdings. Can someone explain what FC said means? What I mean is, if someone wanted to sell/buy shares OTC, couldn't ownership be proven by signing a message with the dividend-receiving address?
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hashie
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November 23, 2014, 01:06:14 PM |
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1. As discussed in the board, it serves only the purpose of clearing OTC trades and showing the founders' shareholding status.
I hope to see board members have not been selling out with the benefit of extra knowledge, but have instead been holding or even increasing their holdings. Can someone explain what FC said means? What I mean is, if someone wanted to sell/buy shares OTC, couldn't ownership be proven by signing a message with the dividend-receiving address? It's difficult for people to verify that address still holds ASICMINER shares - ie, those shares haven't been sold to someone else already.
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FUR11
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November 23, 2014, 03:13:42 PM |
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This is a BAD situation, worse than expected.
Well, to be honest... what did you expect??? Did you really expect big dividends still coming from gen 3? Yeah, there was supposed to be big self-mining coming online. But with the BTC price going down even further and focusing on gen 4 tapeout and soon the initial production, I think it is apparent that this money is needed to push gen 4 forward. Big time.
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iCEBREAKER
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November 23, 2014, 05:05:23 PM |
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I strongly advise AM to compete in the Dec 6 auction for HashFast's 28nm GN1/1.5 and 16nm 16nm ASIC designs.
16nm is a very expensive scale to design/fabricate at. AM would be wise to acquire HF's 16nm IP and use it to surpass KnC, Cointerra, and Bitfury in leading edge innovation, rather than start from scratch and pay full market price to compete in the 4th gen ASIC space.
Why you think AM would buy the IP for a 28nm chip that doesn't even compete with their own 40nm chip is beyond me. Many things are "beyond you" Jimmothy, because you are a twit with poor reading skills. For example, you completely missed my points about HF's 16nm IP, and myopically focused only on the 28nm stuff. Has AM already paid for their 28nm tape-out? If they haven't, that's a few million dollars (and a lot of risk) they could save by purchasing a known-good 28nm design instead. The GN1.5 respin and 16nm GN2 nextgen are just extra gravy on top.
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jimmothy
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November 23, 2014, 05:18:11 PM |
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For example, you completely missed my points about HF's 16nm IP, and myopically focused only on the 28nm stuff.
No you completely missed my point. If AM's 40nm chip outperforms HF 28nm chip, then AM's 16nm chip will without a doubt outperform HF's 16nm chip. That is assuming the hashfail chip even works without requiring a few million dollars worth of NRE/revisions/etc. Has AM already paid for their 28nm tape-out? If they haven't, that's a few million dollars (and a lot of risk) they could save by purchasing a known-good 28nm design instead. The GN1.5 respin and 16nm GN2 nextgen are just extra gravy on top. If you weren't a twit with poor reading skills you would have known they taped out 2 months ago. Again it's laughable that you consider HF GN1 a "known good design" when it is outperformed by every chip being sold today. You were scammed by HF. Your money is gone. Stop trying to sell people garbage in an attempt to salvage pennies on the dollar.
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iCEBREAKER
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November 23, 2014, 05:27:38 PM |
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For example, you completely missed my points about HF's 16nm IP, and myopically focused only on the 28nm stuff.
No you completely missed my point. If AM's 40nm chip outperforms HF 28nm chip, then AM's 16nm chip will without a doubt outperform HF's 16nm chip. That is assuming the hashfail chip even works without requiring a few million dollars worth of NRE/revisions/etc. Has AM already paid for their 28nm tape-out? If they haven't, that's a few million dollars (and a lot of risk) they could save by purchasing a known-good 28nm design instead. The GN1.5 respin and 16nm GN2 nextgen are just extra gravy on top. If you weren't a twit with poor reading skills you would have known they taped out 2 months ago. Again it's laughable that you consider HF GN1 a "known good design" when it is outperformed by every chip being sold today. You were scammed by HF. Your money is gone. Stop trying to sell people garbage in an attempt to salvage pennies on the dollar. AM's 40nm design missed its spec by a lot. HF's GN1 28nm exceeded it's spec and the GN1.5 respin will be even better. As for GH/wafer, I don't think either of us knows which is superior. But I'm sure you will pretend you do, just to be a Negative Nancy as usual. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) I don't submit every page in this thread to my superior reading skills, that's why I asked about AM's tape-out. Regardless, the battle for 4th gen ASIC dominance is happening at 16nm. HF's 3d finFET GN2 design is just waiting for a firm like AM to buy it and put it to work. Does AM have any provisional patents? HF does...
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██████████ ██████████████████ ██████████████████████ ██████████████████████████ ████████████████████████████ ██████████████████████████████ ████████████████████████████████ ████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ████████████████████████████████ ██████████████ ██████████████ ████████████████████████████ ██████████████████████████ ██████████████████████ ██████████████████ ██████████ Monero
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| "The difference between bad and well-developed digital cash will determine whether we have a dictatorship or a real democracy." David Chaum 1996 "Fungibility provides privacy as a side effect." Adam Back 2014
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hdbuck
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November 23, 2014, 05:30:05 PM |
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For example, you completely missed my points about HF's 16nm IP, and myopically focused only on the 28nm stuff.
No you completely missed my point. If AM's 40nm chip outperforms HF 28nm chip, then AM's 16nm chip will without a doubt outperform HF's 16nm chip. That is assuming the hashfail chip even works without requiring a few million dollars worth of NRE/revisions/etc. Has AM already paid for their 28nm tape-out? If they haven't, that's a few million dollars (and a lot of risk) they could save by purchasing a known-good 28nm design instead. The GN1.5 respin and 16nm GN2 nextgen are just extra gravy on top. If you weren't a twit with poor reading skills you would have known they taped out 2 months ago. Again it's laughable that you consider HF GN1 a "known good design" when it is outperformed by every chip being sold today. You were scammed by HF. Your money is gone. Stop trying to sell people garbage in an attempt to salvage pennies on the dollar. AM's 40nm design missed its spec by a lot. HF's GN1 28nm exceeded it's spec and the GN1.5 respin will be even better. As for GH/wafer, I don't think either of us knows which is superior. But I'm sure you will pretend you do, just to be a Negative Nancy as usual. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) I don't submit every page in this thread to my superior reading skills, that's why I asked about AM's tape-out. Regardless, the battle for 4th gen ASIC dominance is happening at 16nm. HF's 3d finFET GN2 design is just waiting for a firm like AM to buy it and put it to work. Does AM have any provisional patents? HF does... pure noob question here but if HF patent is so kul, why they selling it instead of producing?? i mean, not that previous HF chips missed their spec too..
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iCEBREAKER
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November 23, 2014, 05:38:13 PM |
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pure noob question here but if HF patent is so kul, why they selling it instead of producing?? i mean, not that previous HF chips missed their spec too..
There were no "previous HF chips." HF only made one chip, and it greatly exceeded spec (400GH spec vs 750GH given enough power). Then they ran out of money. Their misfortune is providing AM with the opportunity to catch up and dominate the 16nm frontier.
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██████████ ██████████████████ ██████████████████████ ██████████████████████████ ████████████████████████████ ██████████████████████████████ ████████████████████████████████ ████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ████████████████████████████████ ██████████████ ██████████████ ████████████████████████████ ██████████████████████████ ██████████████████████ ██████████████████ ██████████ Monero
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| "The difference between bad and well-developed digital cash will determine whether we have a dictatorship or a real democracy." David Chaum 1996 "Fungibility provides privacy as a side effect." Adam Back 2014
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jimmothy
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November 23, 2014, 05:41:18 PM |
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AM's 40nm design missed its spec by a lot. HF's GN1 28nm exceeded it's spec and the GN1.5 respin will be even better.
The fact that AM failed and still came out with a superior chip is quite the achievement. As for GH/wafer, I don't think either of us knows which is superior. But I'm sure you will pretend you do, just to be a Negative Nancy as usual. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Without a doubt hashfast has better GH/wafer. But because it requires an expensive board/cooling it is not competitive. Even if the chip was free I doubt they could sell hardware for 1 btc/gh (at 0.7 w/gh). Regardless, the battle for 4th gen ASIC dominance is happening at 16nm. HF's 3d finFET GN2 design is just waiting for a firm like AM to buy it and put it to work. By put to work I assume you mean completely redesign the chip/pcb and hope it works? Does AM have any provisional patents? HF does...
I'd love to know how HF acquired a "provisional patent" considering no such thing exists.
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hashie
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November 23, 2014, 10:57:33 PM |
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iCEBREAKER do you work for hashfail?!
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chriswilmer
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November 24, 2014, 12:33:28 AM |
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I'd love to know how HF acquired a "provisional patent" considering no such thing exists.
What do you mean provisional patents don't exist? People file provisional patents all the time (at least in the USA). Am I misunderstanding you?
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iCEBREAKER
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November 24, 2014, 02:17:27 AM Last edit: November 24, 2014, 05:55:35 PM by iCEBREAKER |
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the battle for 4th gen ASIC dominance is happening at 16nm. HF's 3d finFET GN2 design is just waiting for a firm like AM to buy it and put it to work. By put to work I assume you mean completely redesign the chip/pcb and hope it works? Does AM have any provisional patents? HF does...
I'd love to know how HF acquired a "provisional patent" considering no such thing exists. The 16nm GN2 chip/board designs haven't been finished yet, so I'm not sure how anyone could "redesign" them. ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) And here, http://lmgtfy.com/?q=provisional+patent
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