Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1032. (Read 3917568 times)
OMG. So no official website AND a facebook fan page now
I am ASICMINER shareholder.
I registered
https://www.facebook.com/ASICMINER
So no one will do it faster. I will provide full access to Friedcat & team - of course
Is anyone interested to help me run this FanPage on Facebook?
blogsatoshi (at) gmail (dot) com
/ I need some pictures - for example those Friedcat for president etc.
Some news and someone who is English Native Speaker - just like Satoshi!
I registered
https://www.facebook.com/ASICMINER
So no one will do it faster. I will provide full access to Friedcat & team - of course
Is anyone interested to help me run this FanPage on Facebook?
blogsatoshi (at) gmail (dot) com
/ I need some pictures - for example those Friedcat for president etc.
Some news and someone who is English Native Speaker
- just like Satoshi!Nice will help as a fan if you want until an official member of ASIC wants the page of course
Goes hunting for those pics xd
http://25.media.tumblr.com/737cd64c7b7aa25530371df8c2d1d22a/tumblr_mnbhdcY0m71spis86o1_500.jpg
https://i.imgur.com/5FKuUUB.jpg
Goes hunting for those pics xd
+1Please like the page and contact me via email - blogsatoshi at gmail com. I will give you the ability to post on the Facebook as admin there.
Contacted over mail with same link as thread and url source links in this thread mailed ASICMINER on facebook and liked the page
Now off to find some news
Goes hunting for those pics xd
+1Please like the page and contact me via email - blogsatoshi at gmail com. I will give you the ability to post on the Facebook as admin there.
I am ASICMINER shareholder.
I registered
https://www.facebook.com/ASICMINER
So no one will do it faster. I will provide full access to Friedcat & team - of course
Is anyone interested to help me run this FanPage on Facebook?
blogsatoshi (at) gmail (dot) com
/ I need some pictures - for example those Friedcat for president etc.
Some news and someone who is English Native Speaker - just like Satoshi!
I registered
https://www.facebook.com/ASICMINER
So no one will do it faster. I will provide full access to Friedcat & team - of course
Is anyone interested to help me run this FanPage on Facebook?
blogsatoshi (at) gmail (dot) com
/ I need some pictures - for example those Friedcat for president etc.
Some news and someone who is English Native Speaker
- just like Satoshi!Nice will help as a fan if you want until an official member of ASIC wants the page of course
Goes hunting for those pics xd
http://25.media.tumblr.com/737cd64c7b7aa25530371df8c2d1d22a/tumblr_mnbhdcY0m71spis86o1_500.jpg
https://i.imgur.com/5FKuUUB.jpg
I am ASICMINER shareholder.
I registered
https://www.facebook.com/ASICMINER
So no one will do it faster. I will provide full access to Friedcat & team - of course
Is anyone interested to help me run this FanPage on Facebook?
blogsatoshi (at) gmail (dot) com
/ I need some pictures - for example those Friedcat for president etc.
Some news and someone who is English Native Speaker - just like Satoshi!
//btw
Who is the owner of asicminer.com ?
I registered
https://www.facebook.com/ASICMINER
So no one will do it faster. I will provide full access to Friedcat & team - of course
Is anyone interested to help me run this FanPage on Facebook?
blogsatoshi (at) gmail (dot) com
/ I need some pictures - for example those Friedcat for president etc.
Some news and someone who is English Native Speaker
- just like Satoshi!//btw
Who is the owner of asicminer.com ?
Excellent point.
Total hashing power of GPUs is about 20 ~ 30 Thps. Difficulty won't drop much when they leave.
To add to this: It took months for difficulty to drop after the 2011 crash. Difficulty actually kept on climbing for a while. There were significant chunks of time where most miners were mining at a loss. Many miners do not re-evaluate their profitability as often as you think, and they frequently forget indirect costs [air conditioning is a hidden cost that really screws up most miner projections when looking at larger farms].
You can expect that the rate GPU users turn off will be so staggered out due to bad math/persistence/hopes&dreams that it won't even be noticed due to the ASIC power coming online simultaneously.
If income is limited by device lifetime or user patience, (say ~ four years) then with increasing difficulty an ROI may never be reached.
just thinking out loud here...
when ASICS increase the network hash rate enough, GPUs will stop earning enough money to recoup electricity costs. when that happens, GPUs will start dropping off the network in droves, causing difficulty to either drop, or grow more slowly.
i wonder what's the total hashing power of all the GPUs on the network right now?
AM as a mining company doesn't seem to want a bigger % of the network than they already have, so you can ignore their effect on the hash rate and just focus on everybody else.
Total hashing power of GPUs is about 20 ~ 30 Thps. Difficulty won't drop much when they leave.
Why some people are mining on 20+ or 30+ USB sticks?
Isn't it better idea to be mining on 12gh/s ASIC Blade?
Isn't it better idea to be mining on 12gh/s ASIC Blade?
I was wondering the same thing. I'm assuming that the pictures we're seeing are people that anticipated they would be in high demand and are holding them as inventory while they sell them for a profit. You might as well mine with them if you have them on hand.
I like this post.. very clear perspective!
don't get me started on how everyone dumping their GPUs at the same time is going to affect the resale value.
or make a really good litecoin mining site have more value . as of today I have to estimate 50Th in gpus.
Avalon has not fully shipped all of the second batch if they have they have 40Th Am has 30Th that is 70Th Am sold some gear lets say that is 10Th (it is less) so you are at 80Th and BFL has shipped about 60 Jallys that is .3Th so that is 80.3Th lets say BFL is mining on the sneak that is 3 Th total max of asics is 83Th the network fluxes around 120-135Th leaves 40 to 60Th in gpus.
hey my gpus make money and would make money at a difficulty of 21 million.
I have shrunk down to 6Gh at 2200 watts and 16 cents a kwatt at todays rates this is 25 bucks a day after power. at a diff of 21 mill I would be at 9 bucks a day. toss in money lost to Air cond and my 750 monthly profit in the summer is about 600usd.
So gpus will stay longer then you may think. then when the winter comes round my gpus earn 100 in heat rather then lose 150 in cooling. I also have a lot of hd7790's which are pretty good. If some makes a really good litecoin they all gain more value.
I like this post.. very clear perspective!
don't get me started on how everyone dumping their GPUs at the same time is going to affect the resale value.
If income is limited by device lifetime or user patience, (say ~ four years) then with increasing difficulty an ROI may never be reached.
just thinking out loud here...
when ASICS increase the network hash rate enough, GPUs will stop earning enough money to recoup electricity costs. when that happens, GPUs will start dropping off the network in droves, causing difficulty to either drop, or grow more slowly.
i wonder what's the total hashing power of all the GPUs on the network right now?
AM as a mining company doesn't seem to want a bigger % of the network than they already have, so you can ignore their effect on the hash rate and just focus on everybody else.
I like this post.. very clear perspective!
If income is limited by device lifetime or user patience, (say ~ four years) then with increasing difficulty an ROI may never be reached.
just thinking out loud here...
when ASICS increase the network hash rate enough, GPUs will stop earning enough money to recoup electricity costs. when that happens, GPUs will start dropping off the network in droves, causing difficulty to either drop, or grow more slowly.
i wonder what's the total hashing power of all the GPUs on the network right now?
AM as a mining company doesn't seem to want a bigger % of the network than they already have, so you can ignore their effect on the hash rate and just focus on everybody else.
But in any case, the shareholders earn money for every block that is found.
precisely; why do people/shareholders care about the hashrate (as long as it's not close to 50% of course)?
hoping for a serious answer unlike last time
What blades are you talking about?
It should work out approximately the same for both the Block Erupter Blade and the USB miner, since I imagine power consumption is approximately the same...
It must be some error in your calculations, usb miners can't never be profitable unless diff drops.
Double negative statement is false. Your ROI will take longer when diff increases, but eventually it would be reached.
Not necessarily. If income is limited by device lifetime or user patience, (say ~ four years) then with increasing difficulty an ROI may never be reached.
My calculation shows that marginal revenue exceeds marginal costs until network hash rate reaches 30 peta-hash (using current prices). It has nothing to do with an ROI calculation, which is quite different, because I disregarded (sunk) fixed costs.
I think most people would regard profitability as the amount of income they receive after costs.
If you're disregarding the amount you paid for the device, then of course they will earn you more btc than your ongoing costs, and for a long time.
The point is, will enough btc ever be earned to pay for the device? Hard to say, but it might not happen.
I agree that ignoring fixed costs is hard/impossible/unreasonable/unwise for a consumer purchasing a miner.
I may have made myself misunderstood, because the point I was trying to make was slightly different: I was thinking more about the power efficiency of the current-gen technology, and at what point mining no longer pays for the electricity consumed. When mining revenue no longer pays for the electricity consumed, then I would consider the technology obsolete.
So that if you have, say 30 TH of mining power, with this technology already deployed, it makes financial sense to continue mining until network hash rate reaches 30 PH. At that point, the technology will be obsolete and only more power efficient devices should continue mining.
It means there is plenty of room to expand, even with current-gen technology.
Why do you say hardware sales is a short-term opportunity?
I would say it's the other way around. Income from mining will not go much above what it is currently, because of the 51% issue. Income from selling mining hardware is still far from saturated. People are bidding up USB miners to +$400 on eBay! The demand is huge and I think it would be a lot more profitable for shareholders if ASICMiner were to focus more on hardware sales now when there is such a large demand to satisfy.
I would say it's the other way around. Income from mining will not go much above what it is currently, because of the 51% issue. Income from selling mining hardware is still far from saturated. People are bidding up USB miners to +$400 on eBay! The demand is huge and I think it would be a lot more profitable for shareholders if ASICMiner were to focus more on hardware sales now when there is such a large demand to satisfy.
The simple explanation is that AM is far behind in technology with their current models. 130nm is comparable to a Pentium III and when the competitors are researching i7 chips, it's only a matter of time before you can't give away the blades that AM currently produces.
To catch up, AM needs to design a new chip and we have no information about the current status of that, whether it's already financed, or what timeframe we're looking at.
We know one thing and that is that friedcat recently announced that they have decided to go with 65nm on the second generation chip. That tells at least me that they have some ways to go, and Bitbury for one is just days away from having a working 65nm chip. At that point, Bitfury will be filling that urgent need for ASICs and AM will have to play catchup either by lowering prices or skipping a generationand going straight for something like 28nm to remain competitive.
So yes, AM should sell everything including the kitchen sink while they still can. Two months from now, Bitfury may be pumping 65nm ASICs into the market (they contractually delivers in October but states it will be delivered in August). At that point, those existing blades will be worth less than their packaging material because anyone can jump across the street at get far superior performance at a tentatively much lower price (120GH/s for just north of $2K anyone?).
.b
But in that light it doesn't matter whether ASICMiner sells hardware or mines itself; both approaches will render current-technology hardware useless over time, because of better technology. But the thing about hardware sales is that we have not, in any way, reached saturation. That's evident from the price in the secondary market (buyers of ASICMiner devices re-selling devices). Self-mining is saturated, at the time. Not much room for improvement, if we want to stay comfortably below 51%.
But it would surprise me if ASICMiner weren't aware of this. And weren't working hard on producing hardware to sell.
Average AM hashrate for last 6hrs is 30.57TH
A 6-hour average for the hash rate is not reliable. But I'm sure you know this.The 24-hour average has varied between 25 and 15 Thash/s in the past ~24 hours: http://runeks.dk/bitcoin/
But in any case, the shareholders earn money for every block that is found.
What blades are you talking about?
It should work out approximately the same for both the Block Erupter Blade and the USB miner, since I imagine power consumption is approximately the same...
It must be some error in your calculations, usb miners can't never be profitable unless diff drops.
Double negative statement is false. Your ROI will take longer when diff increases, but eventually it would be reached.
Not necessarily. If income is limited by device lifetime or user patience, (say ~ four years) then with increasing difficulty an ROI may never be reached.
My calculation shows that marginal revenue exceeds marginal costs until network hash rate reaches 30 peta-hash (using current prices). It has nothing to do with an ROI calculation, which is quite different, because I disregarded (sunk) fixed costs.
I think most people would regard profitability as the amount of income they receive after costs.
If you're disregarding the amount you paid for the device, then of course they will earn you more btc than your ongoing costs, and for a long time.
The point is, will enough btc ever be earned to pay for the device? Hard to say, but it might not happen.
What blades are you talking about?
It should work out approximately the same for both the Block Erupter Blade and the USB miner, since I imagine power consumption is approximately the same...
It must be some error in your calculations, usb miners can't never be profitable unless diff drops.
Double negative statement is false. Your ROI will take longer when diff increases, but eventually it would be reached.
Not necessarily. If income is limited by device lifetime or user patience, (say ~ four years) then with increasing difficulty an ROI may never be reached.
My calculation shows that marginal revenue exceeds marginal costs until network hash rate reaches 30 peta-hash (using current prices). It has nothing to do with an ROI calculation, which is quite different, because I disregarded (sunk) fixed costs.
What blades are you talking about?
It should work out approximately the same for both the Block Erupter Blade and the USB miner, since I imagine power consumption is approximately the same...
It must be some error in your calculations, usb miners can't never be profitable unless diff drops.
Double negative statement is false. Your ROI will take longer when diff increases, but eventually it would be reached.
Not necessarily. If income is limited by device lifetime or user patience, (say ~ four years) then with increasing difficulty an ROI may never be reached.
Jump to: