Author

Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1011. (Read 3917568 times)

member
Activity: 98
Merit: 10
wrong a hd7790 cost 1btc generates 300MHs  

WTF? I didn't even mention a 7790, so how can I be wrong?
member
Activity: 126
Merit: 11
I tried myself to create a list with AM shareholders based on yesterday's dividends:

https://docs.google.com/spreadsheet/ccc?key=0AtqphFCP56ordGVCakJxSU90MlB4MlBkZENya25pS2c

I got > 398k of the 400k shares. If you find any errors please let me know!


Since there are almost 400,000 shares on the list it mean PT shares are included. But there are no transfers with around 20,000 shares (btct.co and bitfunder). So it must mean the pass through exchanges don't get dividends in one transfer, but multiple.

Which of the transfers belong to pass throughs?

Hint: On the passthrus, you can see how many each hold (BF/BTCT). Check out the G Doc listed above to see which address that holds that number of shares. Presto...

How does it work? Does AM make one big payment to pass throughs and the pass through makes small payments inside? Or AM pays dividends to each share holder inside of a pass through?

Edit, while typing an answer appeared by burnside. Does that work the same way with BitFunder?
legendary
Activity: 1106
Merit: 1006
Lead Blockchain Developer
I tried myself to create a list with AM shareholders based on yesterday's dividends:

https://docs.google.com/spreadsheet/ccc?key=0AtqphFCP56ordGVCakJxSU90MlB4MlBkZENya25pS2c

I got > 398k of the 400k shares. If you find any errors please let me know!


Since there are almost 400,000 shares on the list it mean PT shares are included. But there are no transfers with around 20,000 shares (btct.co and bitfunder). So it must mean the pass through exchanges don't get dividends in one transfer, but multiple.

Which of the transfers belong to pass throughs?

I quoted the txid of our last div payment in the BTCT.CO ASICMINER-PT thread.  It all came as one transaction.
hero member
Activity: 560
Merit: 500
I tried myself to create a list with AM shareholders based on yesterday's dividends:

https://docs.google.com/spreadsheet/ccc?key=0AtqphFCP56ordGVCakJxSU90MlB4MlBkZENya25pS2c

I got > 398k of the 400k shares. If you find any errors please let me know!


Since there are almost 400,000 shares on the list it mean PT shares are included. But there are no transfers with around 20,000 shares (btct.co and bitfunder). So it must mean the pass through exchanges don't get dividends in one transfer, but multiple.

Which of the transfers belong to pass throughs?

Hint: On the passthrus, you can see how many each hold (BF/BTCT). Check out the G Doc listed above to see which address that holds that number of shares. Presto...
legendary
Activity: 1176
Merit: 1001
CryptoTalk.Org - Get Paid for every Post!

  MY concern is over the usb sticks if 4000 have been sold for 8000 btc do we have 6000 left to sell?  What will we try to move them at 2btc A STICK.? MY next concern is how many blade have been sold? How many are left to sell and will we still try to sell them at 30 BTC a blade.  Seems to me all the sales will drop a lot and dividends will be greatly reduced very soon as BFL will have all jalapenos delivered and up to real time in 90 days. see links

http://www.coindesk.com/butterfly-labs-finally-ships-out-last-years-jalapeno-orders/

https://forums.butterflylabs.com/blogs/bfl_jody/180-wednesday-6-5-2012.html

 IF true a BFL 5gh sold for 2.5btc that  will end AM income from sales.  This means AM will need more hash and less sales or far lower prices to sell enough  To keep current dividends high.  


Or we can all hope BFL will stop shipping the jalapenos at a fast rate.

We have heard a lot about BFL shipping 5GH/s devices. The problem BFL have is that is all they can ship. It appears that most of the chips used in the currently shipping devices are doing ~2.7GH/s each (2 chips/device). If you want the 7GH/s device, they want to charge you an extra $100 to use 2 ~3.7GH/s chips. The inference I draw from this is that their 'best' chips are ~3.7GH/s, but they have many more which are lower performing or do not work at all.

Their 25GH/s and 50GH/s devices will require chips with a minimum of 3.125GH/s hashrate each (8 for the little and 16 for the big) to meet the specs. That requires that BFL have those chips in volume. The next inference I draw is that if they chose to ship those bigger devices they'd go broke, which is why they're not shipping them.

The order book for big devices is a huge liability for BFL.
hero member
Activity: 784
Merit: 504
Dream become broken often
I tried myself to create a list with AM shareholders based on yesterday's dividends:

https://docs.google.com/spreadsheet/ccc?key=0AtqphFCP56ordGVCakJxSU90MlB4MlBkZENya25pS2c

I got > 398k of the 400k shares. If you find any errors please let me know!


dayum!! I'd sure like to have any address above line 200 Smiley instead i think my addy is the last one Cheesy oh well i'll take it and just try and hold my envy for all of you here...

Whoever says AM is a bad investment, I hope they are wrong Smiley I decided to put all my mined btc into AM shares as i saw the end of my mining quickly approaching...and still wanted to have btc income w/o having to buy it or mine at a loss...so i was glad when i found AM and btc-tc...granted it won't be huge income...but still better then none Smiley
member
Activity: 126
Merit: 11
I tried myself to create a list with AM shareholders based on yesterday's dividends:

https://docs.google.com/spreadsheet/ccc?key=0AtqphFCP56ordGVCakJxSU90MlB4MlBkZENya25pS2c

I got > 398k of the 400k shares. If you find any errors please let me know!


Since there are almost 400,000 shares on the list it mean PT shares are included. But there are no transfers with around 20,000 shares (btct.co and bitfunder). So it must mean the pass through exchanges don't get dividends in one transfer, but multiple.

Which of the transfers belong to pass throughs?
legendary
Activity: 4354
Merit: 9201
'The right to privacy matters'
If you do a "cost analysis" in terms of purchase price vs revenue generated, then:

ASSUMPTIONS
- do not factor in electricity costs
- BTC exchange at today's rate of $120 USD/BTC
- network difficulty on average increases 10% every 2 weeks, thereby reducing revenue by about 10% every 2 weeks

GPU
- AMD 7970 at stock speeds provides 650 MH/s
- Cost $400 USD or 3.33 BTC
- Generates 0.0209 BTC/day at today's difficulty
- After one year of continuous mining total BTC generated = 2.74 BTC
- LOSS OF 0.60 BTC

USB Block Erupter
- 333 MH/s
- Cost 1.99 BTC
- Generates 0.0107 BTC/day at today's difficulty
- After one year of continuous mining total BTC generated = 1.40 BTC
- LOSS OF 0.59 BTC

BFL Jalapeno
- 5000 MH/s
- Cost $274 USD = 2.28 BTC
- Generates 0.1611 BTC/day at today's difficulty
- After one year of continuous mining total BTC generated = 21.1 BTC if you start mining today!
- If you receive your unit and start mining 6 months from now
   - Generates 0.0454 BTC/day
   - After one year from that point, total BTC generated = 5.945 BTC

AM-PT SHARE
- Currently about 2.5 BTC/share at BTC-TC
- Recently generated 0.038 BTC/week in dividends (this was the highest dividend ever)
- After one year of dividends at this rate = 1.98 BTC
- LOSS OF 0.52 BTC

In other words, if you purchase any of the above items in the hopes of "earning back" your cost, you won't (with exception of BFL units). Of course this does not include the fact that you can sell your 7970 GPU in the future (but a year from now how much would it be worth? maybe $100?). Others would say you cannot sell the USB Block Erupter after a year because it is a uni-tasker without any other purpose. The BFL units are reasonably priced. Problem is they are not shipping in bulk, so a delay in shipment leads to large loss in profit. Finally, you can sell your AM-PT share too, and it is very difficult to predict what the sell price would be at that time.

 wrong a hd7790 cost 1btc generates 300MHs  

bfl jallys have sped delivery a lot over the last 10 days  and if you order today and get one in 90 days as claimed your analysis is wrong.

frankly if you want to start in this game today there is no good item to buy.

What happens if you update your model for recent difficulty trends. Smiley

IE: Change it from 10% increases every 2 weeks, to 33.6% every two weeks. (The real rate of difficulty increases is over triple what you used, and is likely to only accelerate as other asic hw vendors start shipping gear in volume.)

Also, please remember that a share of AM represents equity in a mining and HW manufacturing company. Unlike HW, and other fixed mining assets, AM shares will not quickly depreciate in value. So at the end of the year, you'll likely be able to sell AM for at least what you paid for (or somewhere close). Good luck trying to sell any of that mining HW in a year for anything near the price you paid for it.

-helixone

Frankly  sitting on the sidelines and watching the show may be better then any investment at all.   I can give 5 bad points to every BTC investment today.  Your point of big hash ramp up is true.  we may go from 15 to 18 to 22 then 26     20% each jump up.  This is very likely to happen .

If true and asicminer ramps right up with it then AM will be fine. 

 So on July 1 when the network is 220Th if AM is 66TH  AM will be okay even if AM can't sell its usb sticks any more.

Or has dropped price to .5BTC for a stick and 8BTC for a Blade  of course I am saying those numbers because they would be the correct price if BFL has finally turned the corner.  Or some other developer uses a bunch of avalon chips to make a good machine at a good price.  This summer will have lots of action.   

One thing for sure gpus will end hashing  for BTC in 2013.
full member
Activity: 131
Merit: 100
If you do a "cost analysis" in terms of purchase price vs revenue generated, then:

ASSUMPTIONS
- do not factor in electricity costs
- BTC exchange at today's rate of $120 USD/BTC
- network difficulty on average increases 10% every 2 weeks, thereby reducing revenue by about 10% every 2 weeks

GPU
- AMD 7970 at stock speeds provides 650 MH/s
- Cost $400 USD or 3.33 BTC
- Generates 0.0209 BTC/day at today's difficulty
- After one year of continuous mining total BTC generated = 2.74 BTC
- LOSS OF 0.60 BTC

USB Block Erupter
- 333 MH/s
- Cost 1.99 BTC
- Generates 0.0107 BTC/day at today's difficulty
- After one year of continuous mining total BTC generated = 1.40 BTC
- LOSS OF 0.59 BTC

BFL Jalapeno
- 5000 MH/s
- Cost $274 USD = 2.28 BTC
- Generates 0.1611 BTC/day at today's difficulty
- After one year of continuous mining total BTC generated = 21.1 BTC if you start mining today!
- If you receive your unit and start mining 6 months from now
   - Generates 0.0454 BTC/day
   - After one year from that point, total BTC generated = 5.945 BTC

AM-PT SHARE
- Currently about 2.5 BTC/share at BTC-TC
- Recently generated 0.038 BTC/week in dividends (this was the highest dividend ever)
- After one year of dividends at this rate = 1.98 BTC
- LOSS OF 0.52 BTC

In other words, if you purchase any of the above items in the hopes of "earning back" your cost, you won't (with exception of BFL units). Of course this does not include the fact that you can sell your 7970 GPU in the future (but a year from now how much would it be worth? maybe $100?). Others would say you cannot sell the USB Block Erupter after a year because it is a uni-tasker without any other purpose. The BFL units are reasonably priced. Problem is they are not shipping in bulk, so a delay in shipment leads to large loss in profit. Finally, you can sell your AM-PT share too, and it is very difficult to predict what the sell price would be at that time.

 wrong a hd7790 cost 1btc generates 300MHs  

bfl jallys have sped delivery a lot over the last 10 days  and if you order today and get one in 90 days as claimed your analysis is wrong.

frankly if you want to start in this game today there is no good item to buy.

What happens if you update your model for recent difficulty trends. Smiley

IE: Change it from 10% increases every 2 weeks, to 33.6% every two weeks. (The real rate of difficulty increases is over triple what you used, and is likely to only accelerate as other asic hw vendors start shipping gear in volume.)

Also, please remember that a share of AM represents equity in a mining and HW manufacturing company. Unlike HW, and other fixed mining assets, AM shares will not quickly depreciate in value. So at the end of the year, you'll likely be able to sell AM for at least what you paid for (or somewhere close). Good luck trying to sell any of that mining HW in a year for anything near the price you paid for it.

-helixone
full member
Activity: 168
Merit: 100
if later the bitcoin system can be used to send such small transactions and not be a problem,

why cant we just let it do it now, why is it considered spam? if the system is able to withould this amount a traffic, it shouldnt matter why or who or when these transactions are occured,
it should be allowed with no problem, just take time to confirm thats all...
legendary
Activity: 1834
Merit: 1094
Learning the troll avoidance button :)
every day for the last 2 weeks this is less true. the real question is how much do you split  your bets

It forever takes two weeks for BFL to ship. Cheesy

We call it BFL Time
Taken from Valve Time
https://developer.valvesoftware.com/wiki/Valve_Time

HA! so what you are telling me is that BFL will ship the same day as Half Life 3?

Most likely it is so Smiley
Heck if Half Life 3 Is the Rapture lets add Two Weeks to BFL Smiley

Edit What Saveawedge said Smiley

Ok back to thread
The Hardware can make a short term profit but yep depends on duration you want to hold it for
Could still make a profit though if the price goes up to 200 USD Btc again sometime if your willing to mine at a theoretical loss and believe that the exchange rate will appreciate with your mining before the difficulty
full member
Activity: 146
Merit: 100
HA! so what you are telling me is that BFL will ship the same day as Half Life 3?

Two weeks after I think.
full member
Activity: 172
Merit: 100
every day for the last 2 weeks this is less true. the real question is how much do you split  your bets

It forever takes two weeks for BFL to ship. Cheesy

We call it BFL Time
Taken from Valve Time
https://developer.valvesoftware.com/wiki/Valve_Time

HA! so what you are telling me is that BFL will ship the same day as Half Life 3?
legendary
Activity: 1834
Merit: 1094
Learning the troll avoidance button :)
every day for the last 2 weeks this is less true. the real question is how much do you split  your bets

It forever takes two weeks for BFL to ship. Cheesy

We call it BFL Time
Taken from Valve Time
https://developer.valvesoftware.com/wiki/Valve_Time
sr. member
Activity: 362
Merit: 250
If you do a "cost analysis" in terms of purchase price vs revenue generated, then:

ASSUMPTIONS
- do not factor in electricity costs
- BTC exchange at today's rate of $120 USD/BTC
- network difficulty on average increases 10% every 2 weeks, thereby reducing revenue by about 10% every 2 weeks

GPU
- AMD 7970 at stock speeds provides 650 MH/s
- Cost $400 USD or 3.33 BTC
- Generates 0.0209 BTC/day at today's difficulty
- After one year of continuous mining total BTC generated = 2.74 BTC
- LOSS OF 0.60 BTC

USB Block Erupter
- 333 MH/s
- Cost 1.99 BTC
- Generates 0.0107 BTC/day at today's difficulty
- After one year of continuous mining total BTC generated = 1.40 BTC
- LOSS OF 0.59 BTC

BFL Jalapeno
- 5000 MH/s
- Cost $274 USD = 2.28 BTC
- Generates 0.1611 BTC/day at today's difficulty
- After one year of continuous mining total BTC generated = 21.1 BTC if you start mining today!
- If you receive your unit and start mining 6 months from now
   - Generates 0.0454 BTC/day
   - After one year from that point, total BTC generated = 5.945 BTC

AM-PT SHARE
- Currently about 2.5 BTC/share at BTC-TC
- Recently generated 0.038 BTC/week in dividends (this was the highest dividend ever)
- After one year of dividends at this rate = 1.98 BTC
- LOSS OF 0.52 BTC

In other words, if you purchase any of the above items in the hopes of "earning back" your cost, you won't (with exception of BFL units). Of course this does not include the fact that you can sell your 7970 GPU in the future (but a year from now how much would it be worth? maybe $100?). Others would say you cannot sell the USB Block Erupter after a year because it is a uni-tasker without any other purpose. The BFL units are reasonably priced. Problem is they are not shipping in bulk, so a delay in shipment leads to large loss in profit. Finally, you can sell your AM-PT share too, and it is very difficult to predict what the sell price would be at that time.


The comparison is faulty because AM is a company and the other alternatives are hardware.

Why is that relevant, you ask? Well, AM will (hopefully) continuously renew itself and its strategy in order to keep earnings high, whereas the hardware simply gets outdated and earns progressively less and less as time goes along. So: buying hardware may earn you more in the short term, shares in AM may earn you more in the long term.
hero member
Activity: 784
Merit: 501
every day for the last 2 weeks this is less true. the real question is how much do you split  your bets

It forever takes two weeks for BFL to ship. Cheesy
legendary
Activity: 910
Merit: 1000
Quality Printing Services by Federal Reserve Bank
is there a FAQ or HOW-TO for when it comes to buying auction ASIC shares from people on this board? I've been reading around but can't find much detail about the entire process. Do you guys have any links you could point me to on the process and rules?

Best way to buy shares is here https://bitfunder.com/asset/G.ASICMINER-PT


Thanks, but I'm interested in direct shares. Which is why I've been looking in the auction forum here.

https://bitcointalksearch.org/topic/asicminer-fixed-price-auction-25btcshare-2000-shares-213729
legendary
Activity: 4354
Merit: 9201
'The right to privacy matters'
Update

The wafer of the first half (100TH/s) of next batch is to be out of fab.
More than 4,000 USB devices are sold out in total.
The demand of blades are surprisingly long-lasting and still high.

With respect to the mining business, we have never seen it as a drying up one
in spite of persistent block halving. If Bitcoin ever rises as a successful currency
in a few years, and the transaction fee has to be, say, 15BTC each block on average,
to prevent attacks from organizations that are all over the world and begin show
up when Bitcoin flourishes, what we could expect is 27.5BTC per block after the
next block halving, and more than 15BTC forever in the further future.

The shares "missing" are those missing from the original GLBSE database when we got
them. Some people had failed to report their Bitcoin address. Among them, several ones
successfully redeemed their shares after we mailed them for the address info. But the
rest failed to mail back.

The delay of confirmation of this week's dividends is caused by the payments of real
dividends are chained after the satoshi transactions, which are now refused by most
of the clients. We will either stop the satoshi payments, or unchain the payment in our
modified scripts.


  MY concern is over the usb sticks if 4000 have been sold for 8000 btc do we have 6000 left to sell?  What will we try to move them at 2btc A STICK.? MY next concern is how many blade have been sold? How many are left to sell and will we still try to sell them at 30 BTC a blade.  Seems to me all the sales will drop a lot and dividends will be greatly reduced very soon as BFL will have all jalapenos delivered and up to real time in 90 days. see links

http://www.coindesk.com/butterfly-labs-finally-ships-out-last-years-jalapeno-orders/

https://forums.butterflylabs.com/blogs/bfl_jody/180-wednesday-6-5-2012.html

 IF true a BFL 5gh sold for 2.5btc that  will end AM income from sales.  This means AM will need more hash and less sales or far lower prices to sell enough  To keep current dividends high.  


Or we can all hope BFL will stop shipping the jalapenos at a fast rate.

These Jalapenos were ordered nearly a year ago. If you order now you can't get one of them as fast as an ASICMINER device. It will take months instead of days. Which is why AM will be able to sell their devices at a premium. One bird in the hand is better than 10 in the bush.

every day for the last 2 weeks this is less true. the real question is how much do you split  your bets
legendary
Activity: 1834
Merit: 1094
Learning the troll avoidance button :)
Seems a little strange to be cutting out the satoshi from the total, it means miners who handle non-standard transactions will sometimes find more blocks than those who run the normal client just because of a one satoshi output in the whole transaction chain.

Wonder if that's more of a PR issue I do remember people putting some porn links in the blockchain, and changes to prevent that
I will not battle for the satoshi just wanted to know where it went
Thanks for answering twmz Smiley
And if it somehow effects the total number of bitcoin's fractional reserve capability the whole
Bitcoin has 2.1 quadrillion raw units


To be clear, this has no affect on how many blocks a miner finds.  

Also, having a non-even amount is not a problem.  So, it's fine if you want to send 10.00000001 to someone.  You just can't send 10.0000000 to person A and 0.00000001 to person B (which is what the satoshis transaction does).

Sorry if my previous comment confused you.

Also, Gavin explained in the discussion about this change to bitcoin-qt that it was a  temporary fix (to the transaction spam problem).  Eventually, this rule will be removed and replaced with a better algorithm that adapts the definition of what makes something a "spam" transaction by looking at the pattern of what has recently been included in blocks.  So as the economy changes and it becomes more reasonable to send someone 0.000001, the bitcoin client will automatically adapt and start allowing it.

No problem learning more and getting less confused with each clarification Smiley
In Friedcat's dividend where did that 0.00000001 come from?

Thanks for explaining the client change and hope that algorithm adaption occurs sometime in the near future
Is their any time-frame at this stage on that
hero member
Activity: 924
Merit: 1003
Unlimited Free Crypto
Hm... i read people still bought BFL-Miners "last week"... i wonder how many could be "saved" when Asicminer would be so known for their Miner-Offers like BFL is...

Even though i see that friedcat would have work with it, for example explaining what website they want, speak about design and functionality im interested to see the effect.

What effect would have advertising at bitcointalk.org? What effect other internet marketing techniques?

I think it could lead to much more sells and maybe even to less poor guys thinking BFL is the one and only legit Miner-Company.

At the end only friedcat can decide such things. And it looks like its not top priority. I tend to believe friedcat thinks there are other things he can do to maximize dividends. At least he shows it all the time. But a rethink cant be bad. Smiley

Dude if you were referring to me then no I did not buy the miner last week, I did that ages ago. I think it was before the IPO divs were over. Smiley. I got it when BTC was above $230 before the nosedive.
Jump to: