ASICMINER: Entering the Future of ASIC Mining by Inventing It

[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!

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[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

[Fordee]

Yeah.. the havelock email came in about 2 minutes after I hit post

[iCEBREAKER]

Given AM's disasters with their chip/Prisma/Tube, let's hope they put in the winning bid at the HashFast IP auction tomorrow.

As a direct and indirect shareholder, I would hate to see KnC/BitFury/Cointerra beat them to 4th gen 16nm FinFET ASICS, especially when they have to opportunity to catch up by simply buying HF's GN2 design at a discount.

[MichaelBliss]

Given AM's disasters with their chip/Prisma/Tube, let's hope they put in the winning bid at the HashFast IP auction tomorrow.

As a direct and indirect shareholder, I would hate to see KnC/BitFury/Cointerra beat them to 4th gen 16nm FinFET ASICS, especially when they have to opportunity to catch up by simply buying HF's GN2 design at a discount.

That would be a crazy twist of events.   It's not going to happen, I think we both know that...

[armedmilitia]

Given AM's disasters with their chip/Prisma/Tube, let's hope they put in the winning bid at the HashFast IP auction tomorrow.

As a direct and indirect shareholder, I would hate to see KnC/BitFury/Cointerra beat them to 4th gen 16nm FinFET ASICS, especially when they have to opportunity to catch up by simply buying HF's GN2 design at a discount.

That would be a crazy twist of events.   It's not going to happen, I think we both know that...

I'm interested. Why don't you think it will happen? You never know... 

[freedomno1]

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

Good to hear they are compensating users with defective units
Kind of sad that there were so many that needed compensating.

Hmm so in AMhash no new units per a week greater dividend split

Next week

AMHASH3 will be the same price as AMHASH2.

Bonus GH/s Units will be provided to large buyers of the AMHASH3 Fund.

Official announcement today.

Guess its ok

As an aside difficulty went down for the first time in 2 YEARS

Bitcoin mining difficulty has decreased for the first time in two years. The minor 0.62% drop was observed yesterday and currently stands at 40,007,470,271, down from 40,300,030,238.

The difficulty level crossed the 40,000,000,000 mark late last month, peaking after several consecutive quarters of rapid growth. The 1,000,000,000 milestone was passed last December, while the last difficulty drop was recorded back in late 2012.
https://www.coindesk.com/bitcoin-price-decline-sparks-rare-mining-difficulty-drop/

[klondike_bar]

Given AM's disasters with their chip/Prisma/Tube, let's hope they put in the winning bid at the HashFast IP auction tomorrow.

As a direct and indirect shareholder, I would hate to see KnC/BitFury/Cointerra beat them to 4th gen 16nm FinFET ASICS, especially when they have to opportunity to catch up by simply buying HF's GN2 design at a discount.

That would be a crazy twist of events.   It's not going to happen, I think we both know that...

I'm interested. Why don't you think it will happen? You never know... 

why buy someone else's IP?

The story given by asicminer was that the current gen of chips effectively came in at half of expectations, but for a reason they identified - presumably the next gen will be the same architecture but at the previously-promised ~0.4w/GH

[Mabsark]

why buy someone else's IP?

The story given by asicminer was that the current gen of chips effectively came in at half of expectations, but for a reason they identified - presumably the next gen will be the same architecture but at the previously-promised ~0.4w/GH

The latest info on gen 4 is that samples will be in hand around Dec 16th and have the following specs:

Process: tsmc 28nm hpc

Package: fclga (5mm x 5mm)

Normal Mode:
    0.7v vdd
    6gh/s per chip
    8gh/s-12gh/s per chip for mass production
    0.343w/g on chip
    ~0.3w/g on chip for mass production

Low Power Mode:
    0.55v vdd
    4.5gh/s per chip
    6gh/s-9gh/s per chip for mass production
    0.225w/g on chip
    ~0.2w/g on chip for mass production

The schedule of BE300 producing: First batch production will be done next Feb.