ASICMINER: Entering the Future of ASIC Mining by Inventing It

[malaimult]

Interesting sale over at Bitmain:  https://www.bitmaintech.com/productDetail.htm?pid=000201412171033028658LE40FU705ED

Although it would appear that AMHash is cheaper....

plus you have to pay for the electricity/hosting area once you have them

Well you own the gear, and mine whatever pool you want. You can sell miners off / mine alts / lease it out etc... pretty different than this.

With the bitmain offer, you can mine on any pool you want (as long as it is Pool 1-3?). You can sell miners off, but there is $2000 per truck fee, plus logistics.  Only 90 days parts/warranty is provided.  What happens beyond that?  Pay for smart hands (presumably not included in Electricity fee)? Your revenue is based on whatever your miners actually fine.

With AMHash, you can sell your mining contract off on the open market. No logistics issues. Revenue is calculated from hashrate and difficulty, so any availability problems are AMHash's not yours.

The truck fee appears to discourage people from selling the miners piecemeal and will encourage whoever buys the lot of antminers to sell in bulk when they do eventually sell.

There is also a greater chance that people will lose confidence in amhash, causing no resale market for shares then people not wanting to buy equipment of similar performance/efficiency when they would own the physical machines

[1713498812]

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[bitdude]

It's funny now to consider the recent difficulty changes. If you asked in Oct what would be your ROI on arbitrary device, you would receive links to calculators with +50 % increase per month, ultimately going to negative ROI with any configuration available at that time. 3 months later it seems that the overall 3 month difficulty increase would be something like +10% to +15%, making almost every new device positive ROI, except for exploding devices Same for cloud hashing services. This world of Bitcoin is just as unpredictable as it was a year ago.

[stompysteve]

It's funny now to consider the recent difficulty changes. If you asked in Oct what would be your ROI on arbitrary device, you would receive links to calculators with +50 % increase per month, ultimately going to negative ROI with any configuration available at that time. 3 months later it seems that the overall 3 month difficulty increase would be something like +10% to +15%, making almost every new device positive ROI, except for exploding devices Same for cloud hashing services. This world of Bitcoin is just as unpredictable as it was a year ago.

the price has definitely been putting pressure on people(cough bitmain sale)
3rd dif drop in a row incoming?

[explorer]

It's funny now to consider the recent difficulty changes. If you asked in Oct what would be your ROI on arbitrary device, you would receive links to calculators with +50 % increase per month, ultimately going to negative ROI with any configuration available at that time. 3 months later it seems that the overall 3 month difficulty increase would be something like +10% to +15%, making almost every new device positive ROI, except for exploding devices Same for cloud hashing services. This world of Bitcoin is just as unpredictable as it was a year ago.

the price has definitely been putting pressure on people(cough bitmain sale)
3rd dif drop in a row incoming?

Block: 334912
30 minutes 35 seconds ago

Difficulty: 3.95e+10
Target: 282.45 Phash/s
Current: 216.78 Phash/s
Retarget in 1759 blocks (~16 days)  * ~50 hours since last difficulty change

Yep.  Thus far it indicates another drop is likely, failing significant redeployment of hash power.

[lunarboy]

Gen 4 can't come soon enough. Friedcat if your out there? get a top notch business exec a decent publicity team going at 110& and a spanking new website.  

Sell and Mine like a crazy man.

[jmelnick]

Sadly, this doesn't matter anymore.  When BitFury releases it's IPO price in the next 6months after their upcoming gen release, it will and should absolutely shatter the AM share price (creating a similar effect to what's in play RE: IBM vs. AMD $ share price).  There will be a David vs. Goliath scenario in these chip mfg sectors - just...please don't envision your sight of David's size if you've never had to really compete with Goliath on the open market...the over-estimation of the equity's future value without a key growth plan would make you vomit make you vomit if you could see the writing now on the wall with BitFury press + the recent Microsoft announcement...

This is a prime scenario that explains where a company could completely burn it's goodwill ledger.  One poor end user, home-based product generation has eliminated a whole sector's worth of market-reciprocal investors.  This type of equity-present-value loss could only really be recovered at this granite-shill inflated price right now.  Looks like a few board members see the cancer in their portfolios at a stage 3, when they expected notification at the onset of stage 1.

Literally terrifying to think about.  That being said,AM's cash reserves are fucking enormous.  If you haven't been personally monitoring the associated addresses on a 2-3 day basis, you're missing it completely.  Just remember that compared to BitFury, any dividends paid are not reinvested capital.  And those funds are some dank, sad, stagnant couplings of bullion-esque data.

AND AMHASH is the realistic mining/"transaction processing - fuck you, BitFury" solution that the sector desperately needed...so don't ignore it completely - there's potential in AM still to come, just nowhere near when you think it will arrive.

BitFury has become a well run business. It has emerged as the only company that went from "amateur hour" to professional business. Look at the C-Level team; look at their Board; look at their investors! the new chip coming out any time will be game changer and thats on 28 nm (!!!) Can you imagine what they ll do on 16 GAME OVER.. Question how do others keep BitFury contain so there is no great deal of centralization ?

[Puppet]

Block: 334912
30 minutes 35 seconds ago

Difficulty: 3.95e+10
Target: 282.45 Phash/s
Current: 216.78 Phash/s
Retarget in 1759 blocks (~16 days)  * ~50 hours since last difficulty change

Yep.  Thus far it indicates another drop is likely, failing significant redeployment of hash power.

There seems to be > 50PH  mining paycoin. Explorer even shows 140PH right now, but it fluctuates wildly due to the insanely short blocktime, and Im not sure what the average is. But its substantial. Paycoin POW period and therefore mining is gonna end tonight, expect bitcoin hashrate to rise sharply again.  

[rudi]

Can someone ELI5 this paycoin business? Why is this altcoin suddenly so interesting, and why is more that 50PH directed to the paycoin network?

[yokione]

Can someone ELI5 this paycoin business? Why is this altcoin suddenly so interesting, and why is more that 50PH directed to the paycoin network?

I also wonder why?

[xhomerx10]

Can someone ELI5 this paycoin business? Why is this altcoin suddenly so interesting, and why is more that 50PH directed to the paycoin network?

I also wonder why?

 Speculative frenzy.

[Chris_Sabian]

Can someone ELI5 this paycoin business? Why is this altcoin suddenly so interesting, and why is more that 50PH directed to the paycoin network?

I also wonder why?

 Speculative frenzy.

Read this post by eightcylinders before you touch anything related to GAW:
https://bitcointalk.org/index.php?topic=857670.msg9868670#msg9868670

[Mabsark]

BitFury has become a well run business. It has emerged as the only company that went from "amateur hour" to professional business. Look at the C-Level team; look at their Board; look at their investors! the new chip coming out any time will be game changer and thats on 28 nm (!!!) Can you imagine what they ll do on 16 GAME OVER.. Question how do others keep BitFury contain so there is no great deal of centralization ?

Bitfury are hoping for 0.2 J/Gh for their next gen ASICs, AM already have 0.2 J/Gh ASIC samples and are expecting mass production to begin in February. Do you have a source for when Bitfury's next gen ASICs be will available? I've heard nothing about that. At the moment though, BitFury are a joke. Look at their new cloudmining offering - Bit-x:



Compare that to AMHash's last dividend of 0.00000788 BTC.

[Blazed]

To say Bitfury is a joke is just plain stupid. They are a major player in the mining space...come on. They do not need to be competitive like AM does. They self mine and seem to be moving into different areas rather than just mining. How much in investment money have they taken in to date? If they wanted to compete they could...very easily.

[klondike_bar]

BitFury has become a well run business. It has emerged as the only company that went from "amateur hour" to professional business. Look at the C-Level team; look at their Board; look at their investors! the new chip coming out any time will be game changer and thats on 28 nm (!!!) Can you imagine what they ll do on 16 GAME OVER.. Question how do others keep BitFury contain so there is no great deal of centralization ?

Bitfury are hoping for 0.2 J/Gh for their next gen ASICs, AM already have 0.2 J/Gh ASIC samples and are expecting mass production to begin in February. Do you have a source for when Bitfury's next gen ASICs be will available? I've heard nothing about that. At the moment though, BitFury are a joke. Look at their new cloudmining offering - Bit-x:


Compare that to AMHash's last dividend of 0.00000788 BTC.

Bitfury is MASSIVE, they went the private route but have been excellently successful. Thier first-gen design was terrific, and they very quickly (with gen1 chips) discovered the benefits of running 15(?) chips in series on a 12V capacitated source, eliminating all the efficiency looses of a DC/DC regulator component. They then redesigned a 2nd-gen 55nm chip that was about 15% more powerful at the same power draw, to achieve better that 1w/Gh. They deployed over 50MW/50PH of hashrate already, in larger private entities.

Their next chip can easily achieve 0.2-0.3w/GH is moving to the 28nm node realises the potential 4x efficiency gains, if not more if they further develop the chip.

[Mabsark]

To say Bitfury is a joke is just plain stupid. They are a major player in the mining space...come on.

I know they're a major player. That does nothing to change the fact that their new cloud mining offering is complete garbage. Why even bother offering such a terrible service? I said in another thread, that I think they're just getting the platform working for their next gen ASICs, otherwise that service makes no sense.

Bitfury is MASSIVE, they went the private route but have been excellently successful. Thier first-gen design was terrific, and they very quickly (with gen1 chips) discovered the benefits of running 15(?) chips in series on a 12V capacitated source, eliminating all the efficiency looses of a DC/DC regulator component. They then redesigned a 2nd-gen 55nm chip that was about 15% more powerful at the same power draw, to achieve better that 1w/Gh. They deployed over 50MW/50PH of hashrate already, in larger private entities.

Their next chip can easily achieve 0.2-0.3w/GH is moving to the 28nm node realises the potential 4x efficiency gains, if not more if they further develop the chip.

Yes, I know all about BitFury. I'm not saying they're not a massively successful company. I'm just looking at the new cloud mining offering and laughing my arse off at how terrible it is. As for their new chips, I'm pretty sure they can achieve 0.2 J/Gh (if not better) but AM already have and we know when they're set to hit the shelves. Do you have any info for when BitFury's new miners will available for use?

[Blazed]

To say Bitfury is a joke is just plain stupid. They are a major player in the mining space...come on.

I know they're a major player. That does nothing to change the fact that their new cloud mining offering is complete garbage. Why even bother offering such a terrible service? I said in another thread, that I think they're just getting the platform working for their next gen ASICs, otherwise that service makes no sense.

Bitfury is MASSIVE, they went the private route but have been excellently successful. Thier first-gen design was terrific, and they very quickly (with gen1 chips) discovered the benefits of running 15(?) chips in series on a 12V capacitated source, eliminating all the efficiency looses of a DC/DC regulator component. They then redesigned a 2nd-gen 55nm chip that was about 15% more powerful at the same power draw, to achieve better that 1w/Gh. They deployed over 50MW/50PH of hashrate already, in larger private entities.

Their next chip can easily achieve 0.2-0.3w/GH is moving to the 28nm node realises the potential 4x efficiency gains, if not more if they further develop the chip.

Yes, I know all about BitFury. I'm not saying they're not a massively successful company. I'm just looking at the new cloud mining offering and laughing my arse off at how terrible it is. As for their new chips, I'm pretty sure they can achieve 0.2 J/Gh (if not better) but AM already have and we know when they're set to hit the shelves. Do you have any info for when BitFury's new miners will available for use?

Well we will see when AM has some of the final chips on a board and posts real numbers. I hope they can finally make a good chip that actually beats out some of the other companies for a while. The next few months will be interesting for sure, but I still do not see how they could ever pay large divs again.

[Chris_Sabian]

To say Bitfury is a joke is just plain stupid. They are a major player in the mining space...come on.

I know they're a major player. That does nothing to change the fact that their new cloud mining offering is complete garbage. Why even bother offering such a terrible service? I said in another thread, that I think they're just getting the platform working for their next gen ASICs, otherwise that service makes no sense.

Bitfury is MASSIVE, they went the private route but have been excellently successful. Thier first-gen design was terrific, and they very quickly (with gen1 chips) discovered the benefits of running 15(?) chips in series on a 12V capacitated source, eliminating all the efficiency looses of a DC/DC regulator component. They then redesigned a 2nd-gen 55nm chip that was about 15% more powerful at the same power draw, to achieve better that 1w/Gh. They deployed over 50MW/50PH of hashrate already, in larger private entities.

Their next chip can easily achieve 0.2-0.3w/GH is moving to the 28nm node realises the potential 4x efficiency gains, if not more if they further develop the chip.

Yes, I know all about BitFury. I'm not saying they're not a massively successful company. I'm just looking at the new cloud mining offering and laughing my arse off at how terrible it is. As for their new chips, I'm pretty sure they can achieve 0.2 J/Gh (if not better) but AM already have and we know when they're set to hit the shelves. Do you have any info for when BitFury's new miners will available for use?

Well we will see when AM has some of the final chips on a board and posts real numbers. I hope they can finally make a good chip that actually beats out some of the other companies for a while. The next few months will be interesting for sure, but I still do not see how they could ever pay large divs again.

If anyone is expecting 0.01/share per week then they are in for a bad wake-up call.  The days of running ~30% of the network are probably over.

However, I can see AM having 10% network pretty easily for self mining if the new chips / mining can be produced cheaply and quickly.

[arnuschky]

Can someone ELI5 this paycoin business? Why is this altcoin suddenly so interesting, and why is more that 50PH directed to the paycoin network?

I also wonder why?

 Speculative frenzy.

http://www.coindesk.com/gaw-miners-altcoin-launch-sparks-speculative-frenzy/

[Blazed]

Can someone ELI5 this paycoin business? Why is this altcoin suddenly so interesting, and why is more that 50PH directed to the paycoin network?

I also wonder why?

 Speculative frenzy.

http://www.coindesk.com/gaw-miners-altcoin-launch-sparks-speculative-frenzy/

That coin is garbage, but I am really happy they launched it..nicehash was paying an insane amount to us miners. I made an absolute killing off of it 

[raskul]

Can someone ELI5 this paycoin business? Why is this altcoin suddenly so interesting, and why is more that 50PH directed to the paycoin network?

I also wonder why?

 Speculative frenzy.

http://www.coindesk.com/gaw-miners-altcoin-launch-sparks-speculative-frenzy/

That coin is garbage, but I am really happy they launched it..nicehash was paying an insane amount to us miners. I made an absolute killing off of it  

ditto.
I just bought a new car.