ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1163.

SmiGueL

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Quote from: Mausini on April 26, 2013, 08:54:05 AM

The USB Sticks are so unique that they will beat any competition in terms of potential sales. Everybody can become a miner - even on holidays in a hotel room. It's a brilliant idea not just for miners, but also for the decentralization of the network.

I didn't mean the USB sticks, just the 10GH/s boards.

100+ GH/s of sticks would be about 300 sticks, which is pretty much for a first batch I think.
(And it's only a few % of the total hashpower of ASICMINER)

But we'll see, even 300 will be sold in no-time Grin

Mausini

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Quote from: SmiGueL on April 26, 2013, 08:43:25 AM

Quote from: John (John K.) on April 26, 2013, 06:30:27 AM

The hashrates are climbing quickly as we speak here - it's 7,705.90 GH/s currently. Friedcat is indeed adding in new hashrates fast! Grin

Well, they are pretty stable @ 7.6 / 7.7 GH/s for about 18 hours now.

But nice to have an update Friedcat! Grin

Hope the auction will be a bit bigger than the 100GH/s from last week because, as seen from the last auction, people really want to pay to have an ASIC fast Wink

(even if this means that some devices will be shipped only a few weeks after the auction)
If you wait to sell them for 1 month, so you can ship them instantly, I expect there are more ASIC's around,
and people who want to spend 'some extra' on it already have an ASIC..

The USB Sticks are so unique that they will beat any competition in terms of potential sales. Everybody can become a miner - even on holidays in a hotel room. It's a brilliant idea not just for miners, but also for the decentralization of the network.

talnted

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www.bitcoingem.com

Quote from: friedcat on April 26, 2013, 07:32:51 AM

Update

Deploying
Heading to 15TH/s or more in the following 7 days.

USB Stick
The sample batch will be ready in 5 days.

Also, we will announce more news before the next update.

Great news, thanks for the update and I will forward to upcoming news.

SmiGueL

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Quote from: John (John K.) on April 26, 2013, 06:30:27 AM

The hashrates are climbing quickly as we speak here - it's 7,705.90 GH/s currently. Friedcat is indeed adding in new hashrates fast! Grin

Well, they are pretty stable @ 7.6 / 7.7 GH/s for about 18 hours now.

But nice to have an update Friedcat! Grin

Hope the auction will be a bit bigger than the 100GH/s from last week because, as seen from the last auction, people really want to pay to have an ASIC fast Wink

(even if this means that some devices will be shipped only a few weeks after the auction)
If you wait to sell them for 1 month, so you can ship them instantly, I expect there are more ASIC's around,
and people who want to spend 'some extra' on it already have an ASIC..

Maciek

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Quote from: friedcat on April 26, 2013, 07:32:51 AM

Deploying
Heading to 15TH/s or more in the following 7 days.

furuknap

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http://coin.furuknap.net/

Quote from: friedcat on April 26, 2013, 07:32:51 AM

Update

Deploying
Heading to 15TH/s or more in the following 7 days.

USB Stick
The sample batch will be ready in 5 days.

Also, we will announce more news before the next update.

Although I greatly appreciate that, you previously said you were heading towards 50 TH/s, and I think the market has been looking for those numbers.

Rather than ask for when you're going to deploy the rest, let me ask you this: Do you feel that you are on schedule according to your plans?

.b

ineededausername

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bitcoin hundred-aire

Dividends about to double Grin

organofcorti

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Poor impulse control.

Quote from: friedcat on April 26, 2013, 07:32:51 AM

Update

Deploying
Heading to 15TH/s or more in the following 7 days.
[...]

Some perspective - in seven days, ASICMiner / Bitfountain will have about the same hashrate as the entire pre ASIC network.

gog1

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Good to be @ approx 20% of the network. (15 / (71.25 + 7.25))

John (John K.)

legendary

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Away on an extended break

Quote from: friedcat on April 26, 2013, 07:32:51 AM

Update

Deploying
Heading to 15TH/s or more in the following 7 days.

USB Stick
The sample batch will be ready in 5 days.

Also, we will announce more news before the next update.

Awesome!! *looks at share rally*

237

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Quote from: friedcat on April 26, 2013, 07:32:51 AM

Update

Deploying
Heading to 15TH/s or more in the following 7 days.

USB Stick
The sample batch will be ready in 5 days.

Also, we will announce more news before the next update.

Now that is great news. Thank you!

friedcat

donator

Activity: 848

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Update

Deploying
Heading to 15TH/s or more in the following 7 days.

USB Stick
The sample batch will be ready in 5 days.

Also, we will announce more news before the next update.

John (John K.)

legendary

Activity: 1288

Merit: 1227

Away on an extended break

Quote from: arklan on April 26, 2013, 07:11:43 AM

Quote from: John (John K.) on April 26, 2013, 06:38:26 AM

Quote from: BlackLilac Jordan on April 26, 2013, 06:31:16 AM

Quote from: John (John K.) on April 26, 2013, 06:30:27 AM

Quote from: BlackLilac Jordan on April 26, 2013, 06:28:17 AM

No update yesterday?

The hashrates are climbing quickly as we speak here - it's 7,705.90 GH/s currently. Friedcat is indeed adding in new hashrates fast! Grin

I'll take that over an update any day.

Yeah - official update page: https://www.btcguild.com//index.php?page=rankings Wink

We're seeing an 200~GH/s increase PER DAY since a couple days ago.

correct me if my math is wrong here. that's what, 20 blades onlining daily?

Yep. He's probably trying to get a bigger place to deploy all his blades though, thus the delay in deploying.

arklan

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Quote from: John (John K.) on April 26, 2013, 06:38:26 AM

Quote from: BlackLilac Jordan on April 26, 2013, 06:31:16 AM

Quote from: John (John K.) on April 26, 2013, 06:30:27 AM

Quote from: BlackLilac Jordan on April 26, 2013, 06:28:17 AM

No update yesterday?

The hashrates are climbing quickly as we speak here - it's 7,705.90 GH/s currently. Friedcat is indeed adding in new hashrates fast! Grin

I'll take that over an update any day.

Yeah - official update page: https://www.btcguild.com//index.php?page=rankings Wink

We're seeing an 200~GH/s increase PER DAY since a couple days ago.

correct me if my math is wrong here. that's what, 20 blades onlining daily?

John (John K.)

legendary

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Away on an extended break

Quote from: BlackLilac Jordan on April 26, 2013, 06:31:16 AM

Quote from: John (John K.) on April 26, 2013, 06:30:27 AM

Quote from: BlackLilac Jordan on April 26, 2013, 06:28:17 AM

No update yesterday?

The hashrates are climbing quickly as we speak here - it's 7,705.90 GH/s currently. Friedcat is indeed adding in new hashrates fast! Grin

I'll take that over an update any day.

Yeah - official update page: https://www.btcguild.com//index.php?page=rankings Wink

We're seeing an 200~GH/s increase PER DAY since a couple days ago.

BlackLilac Jordan

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Quote from: John (John K.) on April 26, 2013, 06:30:27 AM

Quote from: BlackLilac Jordan on April 26, 2013, 06:28:17 AM

No update yesterday?

The hashrates are climbing quickly as we speak here - it's 7,705.90 GH/s currently. Friedcat is indeed adding in new hashrates fast! Grin

I'll take that over an update any day.

John (John K.)

legendary

Activity: 1288

Merit: 1227

Away on an extended break

Quote from: BlackLilac Jordan on April 26, 2013, 06:28:17 AM

No update yesterday?

The hashrates are climbing quickly as we speak here - it's 7,705.90 GH/s currently. Friedcat is indeed adding in new hashrates fast! Grin

BlackLilac Jordan

full member

Activity: 163

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No update yesterday?

I see that we're up to 7,770 GH/s on BTCguild. Grin

organofcorti

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Poor impulse control.

Quote from: organofcorti on April 26, 2013, 02:31:16 AM

Quote from: JaredR26 on April 26, 2013, 02:14:02 AM

Quote from: organofcorti on April 26, 2013, 01:25:21 AM

Quote from: Rodyland on April 26, 2013, 01:12:48 AM

Quote from: organofcorti on April 26, 2013, 01:06:19 AM

My statement wasn't a value judgement on the choice to pay more per Ghps than a device is likely to earn, just that this seemed to be happening - and not just with Blade customers either. I'm certainly not saying that the decision to buy was stupid, just that the choice was apparently not motivated by profit.

Either that, or they have different assumptions about the likely future income of such a device than you or I or others do.

Although I agree with other sentiments - if a device is deemed to be worth more to asicminer as a miner rather than as a sale unit, then we should mine with it. However that assumes we have the ability to deploy all our units - and given that that's not the case, as I understand it, selling them seems wise from a shareholder's perspective.

If ASICMiner only adds 100Ghps to the network over say the next 100 days and the network hashrate remains the same forever after, a Blade would take ~550 days to pay for itself, assuming constant uptime. So the Blade is worth far more as a sale unit than a mining unit, if people are willing to spend more than the device is likely to earn over a lifetime.

Not sure how you got that. Using those numbers I get that a Blade pays for itself in 148 days. Obviously unrealistic since everyone knows that more TH is going to come online everywhere.

That was total back of the envelope stuff. Using a larger envelope and a better pencil, I got a slightly better result:

The estimate is for a linearly increasing hashrate from 75 to 175 Thps over 100 days, and then 175Thps from then on starting at 75Thps on day 1.. That means about 8.5btc in the first 100 days, and then 0.2 btc per day thereafter. 76btc in 440 days. What did you get for each section?

Now I have my retina screen envelope and electronic clutch pencil so I don't have to try and use log tables from memory, it's 33.9 btc for the first 100 days and 0.2btc per day thereafter - or a total of 76btc in 310 days.

Much better, but still not fantastic. Especially since the chances of the hashrate only increasing by 100Thps and then maintaining 175 Thps from then on is pretty remote.

JimiQ84

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Quote from: furuknap on April 26, 2013, 03:27:00 AM

Quote from: JimiQ84 on April 26, 2013, 03:20:36 AM

Quote from: furuknap on April 26, 2013, 03:16:56 AM

In other words, because AM is more efficient at mining than Average Joe, if we are approaching the treshold of sale/mining, I think AM should hold on to units rather than sell.

What about marginal cost of deploying. Let's say that new datacenter has power capacity for 12TH/s. Is it cheaper to give up part of revenue due to unit selling or give up part of revenue due to new datacenter?

Well, that actually why I would love to see AM reduce the dividend payout significantly. I know everyone is concerned with the 2016 halving of income, but that's exactly why AM needs to be better prepared for the future, and you don't get that by giving away all your income.

I would, for example, much rather have AM turn dividends down to 10% and keep the rest for future development. Future development may mean building their own datacenters, which can yield new sources of long-term revenue, develop new chips, which can be a step on the path towards energy efficient mining after 2016 and even shorter term competitiveness, and so on.

Right now, it seems like there is a rush from investors looking to get their money back, not realizing that as we approach 2016 without a profitable business based on half the current revenue, falling share prices will quickly eat up any dividends paid.

.b

EDIT: Another example would be to build the coveted stock exchange that friedcat has wanted. Not only will it give future income at a more stable rate, it will give BTC more flexibility in terms of securities trading. I'm actually not that keen on diversifying too much from core business, but if AM has decided a stock exchange is needed, then hold back dividend for two weeks and pay someone to do it.

I agree. Also, stock exchange can be updated to currency exchange. I would also like if AM would create own mining pool.

Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1163. (Read 3917058 times)