ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1036.

romerun

legendary

Activity: 1078

Merit: 1002

Bitcoin is new, makes sense to hodl.

Quote from: nousfeed on May 31, 2013, 05:38:42 PM

I would really like to see a website setup to streamline sales and news too. Theres really no excuse plenty of people can do it, asicminer could probably do the whole thing with bitcoin too, website hosting paid in bitcoin, designers paid in bitcoin. Or just do it them selves, its really not hard to setup a wordpress store with bitpay. Being able to sell usb eruptors directly to people would be a huge benefit. They would probably need to hire someone to handle the orders but that shouldnt be an issue because of the added sales.

They have designed made and are now selling hardware, they really need to get their shit together and sort out the front end of the business, the part the public sees, it really shouldnt be that you have to delve through a unrelated forum to find out how to buy the stuff. They have product, they need to market it now before competitors have their own stock.

Yea, I guess, hardware sale could be improved to maximize profit, like hiring someones to auction/ship those erupters over the bay directly, or have them on amazon with a premium price. Now it's pretty much like AM is the supplier selling bulks to retailers for distribution.

IMO hardware sale is the key for AM in the long run.

radiumsoup

sr. member

Activity: 356

Merit: 255

Quote from: tinus42 on May 31, 2013, 03:38:36 PM

Quote from: radiumsoup on May 31, 2013, 03:15:21 PM

Quote from: tinus42 on May 31, 2013, 02:53:03 PM

At least open a Facebook page, that costs nothing.

It still costs time, which is not trivial.

It also can generate awareness and thus business. And who says friedcat has to do everything himself?

That's kind of the point of the rest of the discussion on time management, though... nobody really knows who is doing what from a business development standpoint, who can open up a retail website, or who can manage a FB page. FB is *much* more time consuming than a simple static blog, too, as you have to post often and at varying times of day to show up in folks' feeds, unlike a blog where you just post once and wait for the comments to drip in. As of now, we have no information on exactly how much free time Friedcat has, or who he has working for him who can handle marketing beyond these boards. So until we get new information, we stick with the assumption that he is, at least for now, doing everything himself.

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: nousfeed on May 31, 2013, 05:38:42 PM

I would really like to see a website setup to streamline sales and news too. Theres really no excuse plenty of people can do it, asicminer could probably do the whole thing with bitcoin too, website hosting paid in bitcoin, designers paid in bitcoin. Or just do it them selves, its really not hard to setup a wordpress store with bitpay. Being able to sell usb eruptors directly to people would be a huge benefit. They would probably need to hire someone to handle the orders but that shouldnt be an issue because of the added sales.

This already exists and it's called BitMit.net. No need for AM to re-invent the wheel. Their time is far too valuable.

They could put some blades and USBees up for auction right away; it would only take about 10 minutes. Much less trouble than the messy auction threads.

Eric Muyser

full member

Activity: 224

Merit: 100

You can't kill math.

Quote from: nousfeed on May 31, 2013, 05:38:42 PM

I would really like to see a website setup to streamline sales and news too. Theres really no excuse plenty of people can do it, asicminer could probably do the whole thing with bitcoin too, website hosting paid in bitcoin, designers paid in bitcoin. Or just do it them selves, its really not hard to setup a wordpress store with bitpay. Being able to sell usb eruptors directly to people would be a huge benefit. They would probably need to hire someone to handle the orders but that shouldnt be an issue because of the added sales.

They have designed made and are now selling hardware, they really need to get their shit together and sort out the front end of the business, the part the public sees, it really shouldnt be that you have to delve through a unrelated forum to find out how to buy the stuff. They have product, they need to market it now before competitors have their own stock.

I don't know about that. The simplicity and profit of selling in bulk is a good excuse, because you have to interact with the third-party somewhere anyway, on like, a forum Wink

There's a lot of overhead in selling units of 1 to just anyone around the world. They could have a better public image though, than checking a large "fried cat" forum topic. Cool

nousfeed

newbie

Activity: 21

Merit: 0

I would really like to see a website setup to streamline sales and news too. Theres really no excuse plenty of people can do it, asicminer could probably do the whole thing with bitcoin too, website hosting paid in bitcoin, designers paid in bitcoin. Or just do it them selves, its really not hard to setup a wordpress store with bitpay. Being able to sell usb eruptors directly to people would be a huge benefit. They would probably need to hire someone to handle the orders but that shouldnt be an issue because of the added sales.

They have designed made and are now selling hardware, they really need to get their shit together and sort out the front end of the business, the part the public sees, it really shouldnt be that you have to delve through a unrelated forum to find out how to buy the stuff. They have product, they need to market it now before competitors have their own stock.

Mausini

full member

Activity: 177

Merit: 100

Quote from: furuknap on May 31, 2013, 04:46:54 PM

Quote from: Mausini on May 31, 2013, 04:20:42 PM

furknap, can you please cut your opportunistic shit? I'm pretty sure you know what you just posted here is plain wrong and completely misleading. Why dont you just buy back in and do your positive propaganda again?

...by comparing the cost of an ASIC chip to what you pay for a finished product is not misleading?

The initial question to which I responded was why AM hardware sales is a temporary benefit, to which I responded that competitors are weeks away from delivering 30x the efficiency so AM hardware will be worthless to buyers. Then someone commented that since AM can build HW at a low price that somehow will make buyers want 30x less efficient hardware. when I pointed out the flaw of that, I was told to buy shares, that currently trade at $2 for $1 of company value even in the best of circumstances.

And I'm the one being misleading?

I'll buy back in at a reasonable price. Right now, it's unreasonable and people have an Apple fanboi attitude, which isn't healthy.

However, I'll stop, again, posting anything here.

.b

i meant your 75MH/s per share argument. I let you explain yourself why this comparison is completely derailed.

and regarding the competition: they are weeks away, yes. exactly 2 weeks, if you know what i mean. funny thing is, as time goes on they keep being 2 weeks away Grin

Seriously, someone saying they'll have this and that hash rate online or ready for selling DOES NOT MEAN ANYTHING. There is a lot more to it than just producing some asic prototype. The only one who pulled something like this of in large scale is friedcat. If you really believe you have better odds with some pipe dreams, go for it!

bitfair

sr. member

Activity: 362

Merit: 250

Quote from: furuknap on May 31, 2013, 04:46:54 PM

(...) competitors are weeks away from delivering 30x the efficiency (...)

Ever since August 2012 competitors have been weeks away from delivering more efficient hardware.

But where did you get "30x the efficiency" from? As far as I know, there is no technology that provides that, even 22nm would not achieve 30x the efficiency...

philipma1957

legendary

Activity: 4354

Merit: 9201

'The right to privacy matters'

  The reason hash is low is no other company is releasing hash a a big rate. I feel that AM can go to 40Th over night they do not want to do this.

  They want to grow in the 20-30% slot parallel to the network. So while 2.5 coins for 75MH/s plus sales sounds bad. It will keep at a 20-30% rate to the rest of the network which makes it a good buy.

  Last august I had 2Gh/s the network had 17Th. I now have 8Gh/s the network has 120Th I am loosing ground with my gpus. I can get to 11 or 12 Gh/s with gpu/s in the winter not the summer. so my growth is frozen as a miner. Am allows me some growth which I am grateful for. I can even cut my gpus back which I have from 11 to 8 Gh/s worth to cope with heat.

furuknap

sr. member

Activity: 294

Merit: 250

http://coin.furuknap.net/

Quote from: Mausini on May 31, 2013, 04:20:42 PM

furknap, can you please cut your opportunistic shit? I'm pretty sure you know what you just posted here is plain wrong and completely misleading. Why dont you just buy back in and do your positive propaganda again?

...by comparing the cost of an ASIC chip to what you pay for a finished product is not misleading?

The initial question to which I responded was why AM hardware sales is a temporary benefit, to which I responded that competitors are weeks away from delivering 30x the efficiency so AM hardware will be worthless to buyers. Then someone commented that since AM can build HW at a low price that somehow will make buyers want 30x less efficient hardware. when I pointed out the flaw of that, I was told to buy shares, that currently trade at $2 for $1 of company value even in the best of circumstances.

And I'm the one being misleading?

I'll buy back in at a reasonable price. Right now, it's unreasonable and people have an Apple fanboi attitude, which isn't healthy.

However, I'll stop, again, posting anything here.

.b

Mausini

full member

Activity: 177

Merit: 100

Quote from: furuknap on May 31, 2013, 04:00:46 PM

Quote from: Ozymandias on May 31, 2013, 03:47:55 PM

Quote from: furuknap on May 31, 2013, 03:33:55 PM

Yeah, where could I order that again? Last I checked, AM sold 10GH for 50BTC~$6K. For 120GH you pay $72K with AM.

But hey, if your math makes you pay 36 times more than from across the street, I still have those Pentium III chips at $1K a pop.

.b

btct, bitfunder, and even havelock!

Ah, you mean those shares where you pay 2.5BTC~$325 for around 75MH/s? That sounds like a great deal. How much would I need to invest to get 120GH/s of that?

Oh, and I'll throw in free shipping on those Pentium III chips. Why aren't there any takers? At one point in time, they were the cream of the crop and nobody could deliver anything even close in performance.

.b

furknap, can you please cut your opportunistic shit? I'm pretty sure you know what you just posted here is plain wrong and completely misleading. Why dont you just buy back in and do your positive propaganda again?

Ozymandias

sr. member

Activity: 644

Merit: 250

Quote from: furuknap on May 31, 2013, 04:00:46 PM

Quote from: Ozymandias on May 31, 2013, 03:47:55 PM

Quote from: furuknap on May 31, 2013, 03:33:55 PM

Yeah, where could I order that again? Last I checked, AM sold 10GH for 50BTC~$6K. For 120GH you pay $72K with AM.

But hey, if your math makes you pay 36 times more than from across the street, I still have those Pentium III chips at $1K a pop.

.b

btct, bitfunder, and even havelock!

Ah, you mean those shares where you pay 2.5BTC~$325 for around 75MH/s? That sounds like a great deal. How much would I need to invest to get 120GH/s of that?

Oh, and I'll throw in free shipping on those Pentium III chips. Why aren't there any takers? At one point in time, they were the cream of the crop and nobody could deliver anything even close in performance.

.b

Come on, you're smarter than that! Those shares entitle you to a perpetually increasing hashrate coupled with similarly perpetual improvements in technology as opposed to a one time purchase that will be inevitably obsolete due to its lack of evolution. The gamble that is to be made here is whether one believes ASICminer is a short term phenomenon or will be a major player in Bitcoin for years to come. I believe the latter and from what I've read, you seem to believe the former (a belief that if I interpreted it correctly I respect but with which I disagree). All that being said, I leave to you the last word and may your dealings bring you happiness and profit in that order!

furuknap

sr. member

Activity: 294

Merit: 250

http://coin.furuknap.net/

Quote from: Ozymandias on May 31, 2013, 03:47:55 PM

Quote from: furuknap on May 31, 2013, 03:33:55 PM

Yeah, where could I order that again? Last I checked, AM sold 10GH for 50BTC~$6K. For 120GH you pay $72K with AM.

But hey, if your math makes you pay 36 times more than from across the street, I still have those Pentium III chips at $1K a pop.

.b

btct, bitfunder, and even havelock!

Ah, you mean those shares where you pay 2.5BTC~$325 for around 75MH/s? That sounds like a great deal. How much would I need to invest to get 120GH/s of that?

Oh, and I'll throw in free shipping on those Pentium III chips. Why aren't there any takers? At one point in time, they were the cream of the crop and nobody could deliver anything even close in performance.

.b

freedomno1

legendary

Activity: 1834

Merit: 1094

Learning the troll avoidance button :)

Quote from: ThickAsThieves on May 31, 2013, 03:45:58 PM

Quote from: freedomno1 on May 31, 2013, 03:44:20 PM

Quote from: ThickAsThieves on May 31, 2013, 03:14:40 PM

Like every 4 days, this thread focused on something that MUST happen with ASICMINER. What's next?

It's Evolution TAT Evolution Grin

(And well looking around the forum think we have someone who can make a decent website if the main team is busy)

I could, but I won't. That's AM's job, and surely they will make it happen when they are ready

Agreed I trust them to make an awesome page or hire some motivated AM shareholders xd

ThickAsThieves

hero member

Activity: 518

Merit: 500

Quote from: VJain on May 31, 2013, 03:53:17 PM

Quote from: ThickAsThieves on May 31, 2013, 03:34:22 PM

Average AM hashrate for last 6hrs is 30.57TH

Where did you get that? Looking at the asicminercharts website - it shows 25.27 and /live/ shows 25.20?

Did I miss a place to bookmark?

It was the bottom chart on the /live/ page. At the time, no other chart was loading. Now, it's the only chart not loading...

VJain

sr. member

Activity: 305

Merit: 250

Quote from: ThickAsThieves on May 31, 2013, 03:34:22 PM

Average AM hashrate for last 6hrs is 30.57TH

Where did you get that? Looking at the asicminercharts website - it shows 25.27 and /live/ shows 25.20?

Did I miss a place to bookmark?

Ozymandias

sr. member

Activity: 644

Merit: 250

Quote from: furuknap on May 31, 2013, 03:33:55 PM

Quote from: Ozymandias on May 31, 2013, 03:30:04 PM

Quote from: furuknap on May 31, 2013, 03:17:09 PM

(120GH/s for just north of $2K anyone?).

.b

Impressive numbers; at 600gh/s for 10k they will be a tad more than HALF as cost effective as ASICminer and their 1,000gh/s for 10k costs

Yeah, where could I order that again?

btct, bitfunder, and even havelock!

Jutarul

donator

Activity: 994

Merit: 1000

Quote from: furuknap on May 31, 2013, 03:17:09 PM

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.

If you have learned anything from the ASIC story so far is that the bird in your hand is worth two in the bush. Old technology usually has the advantage of having larger error margins and a lower production cost. Moving into better technology is certainly important, but don't underestimate the opportunity cost, if a better technology means you're not spending money on hash power growth.

Quote from: furuknap on May 31, 2013, 03:17:09 PM

So yes, AM should sell everything including the kitchen sink while they still can. Two months from now,.... 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?).

Don't know if you're an optimist or a pessimist. At least you're extreme.

ThickAsThieves

hero member

Activity: 518

Merit: 500

Quote from: freedomno1 on May 31, 2013, 03:44:20 PM

Quote from: ThickAsThieves on May 31, 2013, 03:14:40 PM

Like every 4 days, this thread focused on something that MUST happen with ASICMINER. What's next?

It's Evolution TAT Evolution Grin

(And well looking around the forum think we have someone who can make a decent website if the main team is busy)

I could, but I won't. That's AM's job, and surely they will make it happen when they are ready

Jere.Jones

full member

Activity: 121

Merit: 100

Quote from: tinus42 on May 31, 2013, 03:38:36 PM

And who says friedcat has to do everything himself?

What is ASICMiner's bus factor?

TiuraZ

member

Activity: 101

Merit: 10

It seems that many people here have forgot Bitfountain, which is major shareholder of ASICMINER. Friedcat doesn't need to think about future of ASICMINER that much, because he, and who ever owns Bitfountain with him, have gathered bucketloads of BTC in dividents from ASICMINER. What ever he plans do to next, he doesn't need to do it through ASICMINER company, he has enough capital in Bitfountain to do what ever he thinks is good for him and other owners of Bitfountain. As a major shareholder, Bitfountain can close ASICMINER down any time they want to and continue operations within Bitfountain.

Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1036. (Read 3917568 times)