Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1177. (Read 3917543 times)

People are sick of waiting for their ASICS and having BFL stringing them along for so long.

I was just wondering if someone could explain why the price of the ASICs is so high.
People are paying the same price as an avalon batch 3 for something that's only 1/6 of the power.
Also apparently BFL jalapenos will be shipping in the next couple of weeks which have half the hashing power but cost like 20-30x less.

Is it just that ASICMiner are the only company with Asics ready to go now (Avalon having sold out and BFL doing their usual).

Don't get me wrong, i'm only too pleased people are paying so much for the asics, the price of my ASICminer-PT stock has shot up. I'm just curious as to why

How did you come up with 5% Fees?

1. It's 3% Fees
2. TX-Fees are payed out
3. Very realiable mining possible

So do your math again please.

well this only confirms that the told hashrate by friedcat operator and what is shown on btcguild is the same... the told hash can be anything we choose to believe cause we trust him.  asicminer own pool would be fantastic or reduction in fees.
not that im not satisfied with dividends, but isnt 5% in fees more or less like btcguild owning 20.000 shares ?

Inflate, not deflate. People had qualms during AM's earlier deployments about the viability of their miners - mining at a public pool will instantly crush such claims. I trust friedcat here, but probably BTCGuild is the only pool strong enough to handle huge mining hashrates. I agree that friedcat should negotiate for better rates though.

So u trust him enough to send ur btc but not to be honest enough to pay out proper divs?
And dont you mean deflate hash rate and skim from the top?
Anyway, you guys are losing min 3% which has added up to an amazing sum now. No reason for it. Tell btcguild 1% max or u leave.

Well, the major reason why AM mined at an independent pool is to prove their hashing speed. If AM mined at their own pool, people can accuse friedcat of artificially inflating their hashrates by changing the site.

Current auction price total: BTC625.  The auction still has a day to go, although it is slowing.

If we assume the cost of the units construction is paid for, and ignore shipping, this sale of 100GHash/sec will provide mBTC1.5625 per share.

BTC625 for 100GH/s is BTC6.25 / GH/sec

I'm still of the opinion that the income from hardware sales plus the income from mining/future deployments means the current price in the order of BTC1.25/share is a pretty good deal for anyone who wants to invest their bitcoins in mining but doesn't want to go all out and buy a multi-thousand USD/multi-tens of bitcoin mining unit.

For craps sake... Just threaten btcguild with leaving unless they charge less. Not rocket science.
I am also amazed a company can design an asic but cannot setup a pool to mine at and even let others join for lower variance.

Would it be a win-win for BTC Guild to share their code and and other details with ASICMINER to set up something as reliable for AM use?  With the slight modification that any guest can publicly see the hashrate from the miners (All AM in this case) -- this preserves the need for transparency, and relieves the pressure that BTC Guild is feeling when it is approaching 50% of total hashing power.

AM has an obligation to shareholders to maximize profits by mining at whichever pool is the fastest and most reliable.  Right now, that's BTC Guild.

AM has only begun their roll-out/ramp-up process.  They need to use Guild as a benchmark for testing and optimization, before introducing more variables into the equation.

AM should not lose focus and drift away from their core competencies by messing about with P2Pool or homegrown solutions.  Look at CoinLab to see why...   

... and that's not solomining.

ASICMINER could mine on a public p2pool instance...

Variance is one answer. Accountability to shareholders is another - it's easier for shareholders to estimate the earnings if the stats are on a public pool.

No info except the one that Asicminer is giving them away for free for special friends or business partners. No word about selling yet.


I dont have read a reason for that either except of variance. The chance of finding a block is higher with a pool with more hashing power. Though i dont know why it should be so much better to pay a fee. I cant imagine that variance gives 3 or more percent that the poolfees takes away.

just to double check - has there been any further word on the USB honey bee miners?

I agree that these are legitimate points of concern and I definitely share them,  but these are not the same arguments you were making just a page or two ago..  

However, I don't agree that because some information is missing, that people cannot estimate the risk or the worth based on the information that IS available..  that doesn't make any sense.   The information that is known has put the shares into the range they are trading in now,  of course there is some potential priced in and some uncertainty ignored   holding the price back.  If all this information that you seek were to be available and favorable to shareholders,  I suspect we would find a much different price than now...  

Can anyone answer why we don't solo mine?

When i spoke about, that the crash had no influence on the shareprice, then thats true for the last crash.

Your first point is valid but there is a certain amoung of value for a BTC where it doesnt matter anymore how much the BTC is worth. Because as long as the BTCs earned brings a profit in fiat its worth the efford. Every crash above that, and that is the same for $260 to $60, is still profit. The same profit like before in BTC, less in Fiat, but its profit. And as long as the shares are priced in BTC the shareprice doesnt change from that. Of course a crash to $1 would be another thing.

Point 2 doesnt have to do with shareprice. Its currencytrading. If you are lucky you make a win and have more than before. Be it BTC, Asicminer shares or USD.

3. The mined coins would decrease, hopefully thats compensated with more hashpower coming online. But the shareprice should go down this way. At least a bit.

@mrb... ok, so i misunderstood your use of "plan". Youre correct that friedcat lacks information. I believe its because of the much work and very often because they simply dont know yet. Its decided on the run. At least it makes sense to be flexible in such points.
Regarding the questions... ill write what i know.
> - what is the process node of the next gen chips (110nm, 90nm, etc)?
I dont have a clue. I believe even friedcat dont know because its not needed to create new chips as of now. Its more effective to simply create 2 of the old ones instead build new ones.
>- what are the estimated NRE costs?
..
>- how many blades will be sold?
He only said that it will be decided on the fly because in the next days the power supply will be installed so that deployment can go forward. So i guess they dont know it too.
>- what are the estimated revenues for the total sale of blades?
Who should know how the auctions end?

>Also, as of March 12, shareholders could not answer the following question:
>- what hashrate will ASICMINER expand to beyond 50 (or 50+12) Thash/s ?
No info because its decided on the fly. Friedcat said once that keeping hashpower is an option to not go above 50% network hashpower. But i think it can be that they will sell at the same time while keeping low under 50%.
But no fixed details on this because its not decided yet.

>As of today, he communicated 200 Thash/s, but shareholders still cannot answer:
>- where will the 200 Thash/s be hosted? (this is 1.5 megawatt!)
The 200TH should be installed in the created datacenter whose power supply is integrated in the coming days. Of course not all of it could be deployed because of >50%.
- how fast can they expect to deploy it?
He didnt say a word about. He only said that he made employees ready and all kind of companies that help in creating. This way the deployment should go way faster than the old deployment.

By "no plan" I mean that for example friedcat has not communicated a plan that allows shareholders to answer the following questions:
- what is the process node of the next gen chips (110nm, 90nm, etc)?
- what are the estimated NRE costs?
- how many blades will be sold?
- what are the estimated revenues for the total sale of blades?

Also, as of March 12, shareholders could not answer the following question:
- what hashrate will ASICMINER expand to beyond 50 (or 50+12) Thash/s ?

As of today, he communicated 200 Thash/s, but shareholders still cannot answer:
- where will the 200 Thash/s be hosted? (this is 1.5 megawatt!)
- how fast can they expect to deploy it?

Because shareholders cannot answer these questions, they cannot estimate the risk or the worth of the ASICMINER shares.

I think there was a confusion as to what I meant exactly by "no plan". I hope to have cleared that up.