ASICMINER: Entering the Future of ASIC Mining by Inventing It

[Puppet]

how much gave you at stake?

Peanuts (0.1 BTC)

[xhomerx10]

how much gave you at stake?

Peanuts (0.1 BTC)

 Alright, you're on.  I'll wager 0.05 that you wont lose the bet.
Only 63 blocks to go though...

[gogxmagog]

Is there any business arraignment between btc China and AM? Weren't they in line to supply them chips or am I dreaming.
I can't remember

[Gws24]

Is there any business arraignment between btc China and AM? Weren't they in line to supply them chips or am I dreaming.
I can't remember

No you're right. Can't find it anymore but there was definitely some press statement (not by am itself) made somewhere that AM was one of the providers along with bitmain I think of the hardware for btcchina pool.

If thats true then supposing AM provides half then that is about 6 PH delivered by AM because btcchina pool is at roughly 12 PH right now.

[RoadStress]

Peanuts (0.1 BTC)

 Alright, you're on.  I'll wager 0.05 that you wont lose the bet.
Only 63 blocks to go though...

I say take the bet Puppet.

[Puppet]

Alright, you're on.  I'll wager 0.05 that you wont lose the bet.
Only 63 blocks to go though...

Ok,  its your loss.

[Dexter770221]

Some action regarding bad Prismas:
https://bitcointalk.org/index.php?topic=791827.msg9716607#msg9716607

[xhomerx10]

Alright, you're on.  I'll wager 0.05 that you wont lose the bet.
Only 63 blocks to go though...

Ok,  its your loss.

 Well I calculated the average interval of 1983 blocks since the last difficulty retarget and it came out to 593 seconds.  I know it's not that simplistic a calculation but it seems to be a little too fast (on average) so I am expecting a slight increase in the difficulty to compensate.  Either way, it's going to be tight!

[Mabsark]

Update from AMHash

Update

Thanks to everyone's support for AMHash! We have a surprise for you -- we will be rewarding all of our existing customers with some awesome rewards that will let you earn even more. In order to make it fair for everyone, we will be pausing the sale of AMHash for one week. It will be reopened on Dec 10th both at HAVELOCK and Hashie.co.

The dividends of AMHash will never stop for any reason before the contract suspend and termination.
All the doubts from customers push us work harder, we can't reply all questions from different people in once time, but we will try.
To make it more efficient,all of you can PM us in next 7 days, we will release the Q & A list for all questions before Dec 10th .

Happy holidays,
AMHash Team

AMHash3 will be going on sale on Dec 10th. In other words, AMHash will have been unavailable to purchase for almost a month. I can't believe Rockminer are getting paid to "sell" AMHash and phasebird is getting paid to do sales and support for Prismas, they're clearly not right for those roles and AM is suffering because of that.

The problems with the Prismas and the lack of support have pretty much destroyed AM's good reputation. AMHash was supposed to be the solution to selling more hashing power yet AMHash wont even make contracts available to purchase. By the Dec 10th, new AMHash contracts will have been available to purchase for about 2 weeks since they were announced on Oct 24, that's 2 out of 6 weeks. Combined with the complete lack of promotion of AMHash, the result is that only 0.64 Ph/s out of 5 Ph/s has been sold.

Things need to change before gen 4 rolls out.

[webbrowser]

I can't believe Rockminer are getting paid to "sell" AMHash
[snip]
Things need to change before gen 4 rolls out.

I agree that things need to change.  But, do you know more than us about the precise arrangement between AM and Rockminer for AMHash?  How do you know that Rockminer is getting paid to sell AMHash?

[webbrowser]

There is probably a reason why there was no offer for additional AMHash shares.
Could be they needed bitcoin from self mining and had to wait for additional deployment of hash rate before selling new shares, maybe something else.

There might be a reason, and I hope that it is good.  But it certainly should not be these reasons.

Revenue from selling an AMHash unit should be approximately 150 days of current dividends, brought forward.
And they had already deployed 5PH prior to the IPO.

[FUR11]

I really wonder how much gen 3 hardware (chips) remains unused and sitting on the shelves... I'm curious what the best course of action now is... putting them to work in self-mining equipment (not that long until gen 4 hits the shelves), selling them way below value (in order to get as much USD as possible - while increasing the overall difficulty). I guess trying to sell the hashrate really is the best practice now.

[Mabsark]

I agree that things need to change.  But, do you know more than us about the precise arrangement between AM and Rockminer for AMHash?  How do you know that Rockminer is getting paid to sell AMHash?

It makes no sense for Rockminer (a totally separate company) to sell AMHash shares for AM without getting paid to do so. Rockminer shareholders would get no benefit from such an arrangement.

[webbrowser]

I agree that things need to change.  But, do you know more than us about the precise arrangement between AM and Rockminer for AMHash?  How do you know that Rockminer is getting paid to sell AMHash?

It makes no sense for Rockminer (a totally separate company) to sell AMHash shares for AM without getting paid to do so. Rockminer shareholders would get no benefit from such an arrangement.

Possible scenarios:
- Rockminer was the underwriter for the ipo and mops up unsold units.
- Rockminer is responsible for the deployment and operations of the mining farm and is paid for this, but amhash forum name and find are owned by AM.
- ? ? ?

[jjdub7]

I agree that things need to change.  But, do you know more than us about the precise arrangement between AM and Rockminer for AMHash?  How do you know that Rockminer is getting paid to sell AMHash?

It makes no sense for Rockminer (a totally separate company) to sell AMHash shares for AM without getting paid to do so. Rockminer shareholders would get no benefit from such an arrangement.

Possible scenarios:
- Rockminer was the underwriter for the ipo and mops up unsold units.
- Rockminer is responsible for the deployment and operations of the mining farm and is paid for this, but amhash forum name and find are owned by AM.
- ? ? ?

(Still possible scenarios)
- ASICMINER has acquired a majority stake in Rockminer and incorporated the company as their hardware manufacturing unit and hashing operator?  (Honestly...this might be the best thing that could possibly happen to both companies right now... wonder if anyone has considered it?)

[FUR11]

I agree that things need to change.  But, do you know more than us about the precise arrangement between AM and Rockminer for AMHash?  How do you know that Rockminer is getting paid to sell AMHash?

It makes no sense for Rockminer (a totally separate company) to sell AMHash shares for AM without getting paid to do so. Rockminer shareholders would get no benefit from such an arrangement.

Possible scenarios:
- Rockminer was the underwriter for the ipo and mops up unsold units.
- Rockminer is responsible for the deployment and operations of the mining farm and is paid for this, but amhash forum name and find are owned by AM.
- ? ? ?

(Still possible scenarios)
- ASICMINER has acquired a majority stake in Rockminer and incorporated the company as their hardware manufacturing unit and hashing operator?  (Honestly...this might be the best thing that could possibly happen to both companies right now... wonder if anyone has considered it?)

Why would they have opted to 'split' ROCKMINER off of ASICMiner back in March if they now incorporated it again. I don't buy that theory. It's an interesting thought, but nah... I don't think so.

[Mabsark]

Possible scenarios:
- Rockminer was the underwriter for the ipo and mops up unsold units.
- Rockminer is responsible for the deployment and operations of the mining farm and is paid for this, but amhash forum name and find are owned by AM.
- ? ? ?

(Still possible scenarios)
- ASICMINER has acquired a majority stake in Rockminer and incorporated the company as their hardware manufacturing unit and hashing operator?  (Honestly...this might be the best thing that could possibly happen to both companies right now... wonder if anyone has considered it?)

Why would they have opted to 'split' ROCKMINER off of ASICMiner back in March if they now incorporated it again. I don't buy that theory. It's an interesting thought, but nah... I don't think so.

Rockminer was never part of AM, it's a company created by Rockxie - an AM board member. As to Rockminer's role in AMHash, from the AMHash website:

Basic operation mode for AMHash1 is that ASICMiner is in charge of providing hashing power and mining farm maintenance while RockMiner is in charge of marketing and operation.

[jjdub7]

I agree that things need to change.  But, do you know more than us about the precise arrangement between AM and Rockminer for AMHash?  How do you know that Rockminer is getting paid to sell AMHash?

It makes no sense for Rockminer (a totally separate company) to sell AMHash shares for AM without getting paid to do so. Rockminer shareholders would get no benefit from such an arrangement.

Possible scenarios:
- Rockminer was the underwriter for the ipo and mops up unsold units.
- Rockminer is responsible for the deployment and operations of the mining farm and is paid for this, but amhash forum name and find are owned by AM.
- ? ? ?

(Still possible scenarios)
- ASICMINER has acquired a majority stake in Rockminer and incorporated the company as their hardware manufacturing unit and hashing operator?  (Honestly...this might be the best thing that could possibly happen to both companies right now... wonder if anyone has considered it?)

Why would they have opted to 'split' ROCKMINER off of ASICMiner back in March if they now incorporated it again. I don't buy that theory. It's an interesting thought, but nah... I don't think so.

Yeaaaa-no.  Never part of AM.  They do seem to design hardware pretty efficiently though...I have 4 of their little R-boxes, which use AM's BE-200's and they're quality if not small-scale miners.

The reason the above scenario would work for AM would be that acquiring RM would remedy two of AM's weaknesses over the past year - assembled hardware design and operations.  Rockxie is also a better hand at PR than friedcat.  

I only see economies of scale from such a merger.  Think...this industry is very similar to pharmaceuticals: high R&D and manufacturing/input material costs with a graded-segment (initially high/proprietary) market return.  Pharma companies grow mainly by merger and acquisition, by leveraging economies of skill and expertise to add value while cutting down on the overhead.

Plus, I mean with https://blockchain.info/tx/8b06f02c7ed75f511a40c4b32949eb3f23e6c638967315fe863532638eb8b131 already going on...what's the point of having two companies so closely aligned on the same EXACT supply chain?  Its not like AM makes all types of different crypto chips, just SHA-256, and both companies have the necessary intellectual capital to build full-scale hardware - if acquiring RM and having them focus on assembly and operations (including PR) would cut costs while retaining the sum of the market shares, it needs to be done now.

[Fordee]

December 16 is to be expected for us to get the chips. Testing time varies at 3-10 days since we had much more preparation work already done this time.

Do you think that this AMHASH surprise has anything to do with the BE300 release&testing?

Less than two weeks until they get them...  Place your bets..  Red or Black?

[stompysteve]

December 16 is to be expected for us to get the chips. Testing time varies at 3-10 days since we had much more preparation work already done this time.

Do you think that this AMHASH surprise has anything to do with the BE300 release&testing?

Less than two weeks until they get them...  Place your bets..  Red or Black?

The surprise is 5% extra for buying 100th