Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1124. (Read 3917058 times)

I have a few questions, apologies if these seem obvious but a quick search does not really give me anything. Also, I am a brand new Asicminer shareholder as of a few days ago!

Welcome! Enjoy the ride, up or down, you'll have a great time and learn a ton of useful info!

Does asicminer design the chips themselves or do they purchase from avalon? From what I have seen, so far they are only purchasing from avalon.

They design their own chips.

Once a new cryptocurrency comes out which is better than bitcoin (not now, but possibly in a year or few), would asicminer shift to mining for the new currency and designing new ic's for the new currency, or would they refuse to change?

That greatly depends on the coin. Nothing prevents ASICMiner to shit to other coins if those prove to be better, more profitable, or just plain more cool.

.b

JaredR26

full member

Activity: 219

Merit: 100

Quote from: ineededausername on May 08, 2013, 02:47:04 PM

I have a few questions, apologies if these seem obvious but a quick search does not really give me anything. Also, I am a brand new Asicminer shareholder as of a few days ago!

Does asicminer design the chips themselves or do they purchase from avalon? From what I have seen, so far they are only purchasing from avalon.

Once a new cryptocurrency comes out which is better than bitcoin (not now, but possibly in a year or few), would asicminer shift to mining for the new currency and designing new ic's for the new currency, or would they refuse to change?

AM has not purchased anything from Avalon. Asicminer is a first class chip developer and producer. They designed the chips themselves.

AM has no plans around anything except Bitcoin for now. I'm sure the shareholders could push them in one direction or another if something else looked like it was coming out.

hak8or

full member

Activity: 172

Merit: 100

I have a few questions, apologies if these seem obvious but a quick search does not really give me anything. Also, I am a brand new Asicminer shareholder as of a few days ago!

Does asicminer design the chips themselves or do they purchase from avalon? From what I have seen, so far they are only purchasing from avalon.

Once a new cryptocurrency comes out which is better than bitcoin (not now, but possibly in a year or few), would asicminer shift to mining for the new currency and designing new ic's for the new currency, or would they refuse to change?

velacreations

sr. member

Activity: 476

Merit: 250

Quote from: ?? on ??

I bought some of TAT.ASICMINER. They were a good chunk less expensive...

bitfunder seems to be the best deal right now, hovering around 1.33.

you can still get the TAT.ASICMINER for 0.0129, so that's the best deal right now.

I thought I told you guys to leave the PT price alone so I could buy shares cheap after dividend day. Did nobody listen to me? Grin

furuknap

sr. member

Activity: 294

Merit: 250

http://coin.furuknap.net/

Quote from: ?? on ??

what's the difference between TAT and other PT ?

TAT-PT are 1/100 of a share, 'regular' PTs are 1/1 share.

.b

velacreations

sr. member

Activity: 476

Merit: 250

BTCT hit a high of 1.37, Bitfunder above 1.3

1.34+ in the auctions board.

who sells at these levels? I'm still trying to buy!

ineededausername

hero member

Activity: 784

Merit: 1000

bitcoin hundred-aire

BTCT hit a high of 1.37, Bitfunder above 1.3

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: ?? on ??

Quote from: ineededausername on May 08, 2013, 11:56:00 AM

> USB devices fully tested, 10,000 units ready for order at 1.99 BTC each.

where can you buy ~~one~~ 4 of these?

[Group Buy] ASICMiner Block Erupter USB group buy (US/Canada)
https://bitcointalk.org/index.php?topic=195052.0;topicseen

[Group Buy - Eastern USA] Block Erupter USB [Lowest Fee]
https://bitcointalksearch.org/topic/group-buy-eastern-usa-block-erupter-usb-lowest-fee-195843

[Group Buy] ASICMiner Block Erupter USB in USA. 2.03496 per USB device @ 5 units
https://bitcointalksearch.org/topic/closed-usacanada-buy-1-19350-asicminer-erupter-usb-203496-each-5-units-195647

Australia - USB Block Erupter Miner >300MH/s [Group Buy]
https://bitcointalksearch.org/topic/australia-usb-block-erupter-miner-300mhs-min-1-unit-gb-closed-197446

ASICMiner Block Erupter USB Group Buy - Australia Only
https://bitcointalksearch.org/topic/asicminer-block-erupter-usb-group-buy-australia-only-196336

[Group Buy - UK Re-shipper] Block Erupter USB
https://bitcointalksearch.org/topic/closed-block-erupter-usb-020-btc-parcel-shipping-to-anywhere-195540

european group buy (closed?)
https://bitcointalksearch.org/topic/gb-usb-asic-miner-closed-and-completed-195037

velacreations

sr. member

Activity: 476

Merit: 250

Quote from: JaredR26 on May 07, 2013, 10:58:53 PM

All asks are > 1.29 on the passthroughs... Perhaps the last chance for AM shares under 1.25/share!

https://bitcointalk.org/index.php?topic=196273.new#new

might be the last chance for shares below 1.3 Grin

I don't think I could bring myself to sell any shares below 2 btc right now...

Ozymandias

sr. member

Activity: 644

Merit: 250

And dividends are out on btct!

Maciek

full member

Activity: 254

Merit: 100

Quote from: ThickAsThieves on May 07, 2013, 11:01:01 PM

Quote from: JaredR26 on May 07, 2013, 10:58:53 PM

All asks are > 1.29 on the passthroughs... Perhaps the last chance for AM shares under 1.25/share!

https://bitcointalk.org/index.php?topic=196273.new#new

You can get fractional shares a little bit cheaper... while they last!
https://bitfunder.com/asset/TAT.ASICMINER
https://btct.co/security/TAT.ASICMINER

+1

SmiGueL

sr. member

Activity: 322

Merit: 252

Quote from: ineededausername on May 08, 2013, 11:56:00 AM

Dividend projections.
As of this moment, ASICMINER is operating 18,530 GH/s of hashpower, which is estimated at current difficulty to produce 5,825 BTC per week, after 10% fees/maintenance, or 0.0145 BTC per share per week.
If ASICMINER continues to grow at minimal rate of 3 TH/s per week, we will see at least 21,530 GH/s of hashpower, or 6,768 BTC next week, which will be 0.0169 BTC per share.
If ASICMINER grows at 7 TH/s per week, the dividend will be approximately 0.02 BTC per share.
If ASICMINER meets top growth rate estimates of 10 TH/s per week, the dividend will be approximately 0.0224 BTC per share.

Thanks for the update, very nice summary

But let me make some small corrections (just to avoid disappointments @ next week's payday Wink

)

As of this moment, ASICMINER is operating 18,530 GH/s of hashpower.

- If ASICMINER grow at a rate of 3 TH/s this week, we will see an average of 20,03 TH/s of hashpower, which will be ~0.01527 BTC per share.
- If ASICMINER grows with 7 TH/s next week, the average hashpower is 22,03 TH/s, and the dividend will be approximately ~0.01680 BTC per share.
- If ASICMINER meets top growth rate estimates of 10 TH/s next week, the average hashrate is 23,53 TH/s, and the dividend will be approximately ~0.01794 BTC per share.

_{*BTC/share calculation included 10% for fee + electricity + maintenance costs and 3% because of the difficulty change.}
_{The payouts can be a little bit lower because of course the next dividents can only be paid from the already received coins, what will mean the earned coins from today and maybe some from yesterday were mined at a lower hashrate.}

davecoin

hero member

Activity: 816

Merit: 1000

Very nice post. Thanks.

ineededausername

hero member

Activity: 784

Merit: 1000

bitcoin hundred-aire

Xpost: Wednesday Dividend Update -- summary of today's and this week's news.
https://bitcointalksearch.org/topic/unofficial-asicminer-announcement-thread-197545

For the week 1-8 May 2013, the dividend was 0.01108519 BTC per share.

Dividend projections.
As of this moment, ASICMINER is operating 18,530 GH/s of hashpower, which is estimated at current difficulty to produce 5,825 BTC per week, after 10% fees/maintenance, or 0.0145 BTC per share per week.
If ASICMINER continues to grow at minimal rate of 3 TH/s per week, we will see at least 21,530 GH/s of hashpower, or 6,768 BTC next week, which will be 0.0169 BTC per share.
If ASICMINER grows at 7 TH/s per week, the dividend will be approximately 0.02 BTC per share.
If ASICMINER meets top growth rate estimates of 10 TH/s per week, the dividend will be approximately 0.0224 BTC per share.

The latest news up to 8 May 2013.
> 200 TH/s has been ordered for 2-3mo deployment timeframe.
> USB devices fully tested, 10,000 units ready for order at 1.99 BTC each.
> Block Erupter sales have produced an average of 50 BTC per unit, or a total of ~2500 BTC in the latest auction.
> If 10 TH/s is sold as planned in Block Erupter auctions at 50 BTC per 10 GH/s unit, Bitfountain will receive 50000 BTC, which is a healthy 0.125 BTC per share in dividends.
> 50 TH/s is estimated to be fully deployed by June of this year.

teek

hero member

Activity: 667

Merit: 500

Quote from: aahzmundus on May 08, 2013, 11:32:22 AM

Quote from: aahzmundus on May 08, 2013, 11:07:13 AM

I wonder who owns the blade... it is someone who bought at least 4...

Come on people, lets figure out the bitcointalk username of this seller.

teek

https://bitcointalksearch.org/user/teek-41079

Quick! Let's tar and feathercoin him! Grin

SO any reason you are selling it? It will be interesting to see what it fetches.... I imagine most of the people willing to drop lots of money on mining equipment would have been involved in the BTC auctions... but then again ebay has a larger audience...

Good luck to you sir!

thanks, no particular reason. more or less "for science" Grin

teek

hero member

Activity: 667

Merit: 500

Quote from: scrybe on May 08, 2013, 11:35:01 AM

Quote from: aahzmundus on May 08, 2013, 11:07:13 AM

I wonder who owns the blade... it is someone who bought at least 4...

Come on people, lets figure out the bitcointalk username of this seller.

teek

https://bitcointalksearch.org/user/teek-41079

Quick! Let's tar and feathercoin him! Grin

Tar? Nah! Just douse him in BBQCoin and then FeatherCoin and you can keep it in the Altcoin world entirely

https://bitcointalksearch.org/topic/ann-tarcoin-soon-to-be-released-193588 Huh

scrybe

sr. member

Activity: 350

Merit: 250

Quote from: aahzmundus on May 08, 2013, 11:07:13 AM

I wonder who owns the blade... it is someone who bought at least 4...

Come on people, lets figure out the bitcointalk username of this seller.

teek

https://bitcointalksearch.org/user/teek-41079

Quick! Let's tar and feathercoin him! Grin

Tar? Nah! Just douse him in BBQCoin and then FeatherCoin and you can keep it in the Altcoin world entirely

aahzmundus

hero member

Activity: 644

Merit: 500

Invest & Earn: https://cloudthink.io

Quote from: aahzmundus on May 08, 2013, 11:07:13 AM

I wonder who owns the blade... it is someone who bought at least 4...

Come on people, lets figure out the bitcointalk username of this seller.

teek

https://bitcointalksearch.org/user/teek-41079

Quick! Let's tar and feathercoin him! Grin

SO any reason you are selling it? It will be interesting to see what it fetches.... I imagine most of the people willing to drop lots of money on mining equipment would have been involved in the BTC auctions... but then again ebay has a larger audience...

Good luck to you sir!

Noitev

hero member

Activity: 812

Merit: 505

The Last NXT Founder

Quote from: stripykitteh on May 08, 2013, 10:40:49 AM

and BFL (heat-death of universe). People will pay a premium for AM products because they can measure the risk.

I can see the last proton decaying and then BFL announces orders are shipping. Free express upgrade and 20% coupon too!

teek

hero member

Activity: 667

Merit: 500