Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1207. (Read 3917543 times)

Thanks for the update!

Could you give a rough number what the dividant this week would be if the unusual costs were removed?

The order of wafers and devices are not so much. What costs the largest part of money is the NRE of a full-mask set. We chose to do MLM from the start to reduce the NRE cost and hence the total money we need to raise during IPO, but the much higher margin cost and the refusal of the fab to produce any more with the MLM set resulted in the decision to do the full-mask. Because after it's done. The cost of each wafer will reduce by ~33% and the quantity limitation from the fab will be removed.

The next week will be a little lower because we still have some balance payments undone yet, but the largest cost will only be the electricity.

Ui... didnt think the 200TH-Order will cost so much. But ok, investment is most important if this will keep going. Is the order now completely paid or will next week be lower again friedcat?

This week is our most spending-intensive one. We have paid for:

The premium of a full mask (75% of the total price)
The premium of 100 wafers (50% of the total price)
Most balance payment of the 50TH/s batch's components

We also reserved the coins for:

The premium of half-month electricity usage in the new place
The balance payment of assembly

There won't be more spending besides further wafer & device production and operating cost, which will be much less per week. The next projected big spending is the full mask of our next generation of chips, with the taping-out date undecided yet.

0.00255553/share this week, which was too be expected. friedcat already mentioned that last week's and this week's dividend payment would be much lower for the incoming 200 Th/s. I'm more curious about the update than the payment for this week.

Asic miner is a good investment. Conversion from glbse to me was without problem. I'm glad I invested something in it

Could someone explain to me how I buy new shares (obviously from other users) and register them with Asicminer?

While I can see the rationale behind that idea - it will end in a nightmare, because when you offer people a choice like that, they will turn around and try to undo it if things don't turn out as they hoped. If you invest in ASICMINER you invest in bitfountain and the leadership team. This includes trusting in their capacity to make business decisions which are in the best interest of investors. So while some freedom of choice is certainly desirable - delegating allocation decisions to small scale investors is going to far.

That said - there is discussion on the board on how to "optimally" allocate/deploy the produced hash power. So it's a hot topic.

Yes - those other options need exploring.

I just got some satoshis in from AM. 

Get ready for some satoshi's

In China will be thursday in 4 hours 

Ha ha, this a globally owned a company run out of China.  Dividends for us here in Asia are tomorrow (Thursday)

Today is Dividends day? 

In theory, with proper pricing (and an Auction would be a good way of doing price discovery), then the owners of ASICMINER shares would be no worse off if ASICMINER started selling hardware rather than mining with it.  And it's possible we'd be better of, if ASICMINER is able to sell more hardware than they can deploy.

But it seems like it could be a lot of hassle for management to go through the process of selling/shipping all that hardware, setting up a website to collect payment etc.

And that leaves those of us who actually want to mine with shares in ASICMINER that are now mining a tiny fraction of the network.

Maybe we need to canvas some ideas other than outright selling hardware.

What if each each ASICMINER share entitled its owner to purchase at or near cost a mining unit with 1GH/s capability, say.  Now with 200,000 shares, there's your 200 TH/sec.   Or maybe instead of purchase near cost, it's paid for with forgone dividends, and once all units are shipped the next batch starts, until such time that the income from mining won't support production any more.

Or if we're intent upon retailing, maybe ASICMINER shareholders get preference in all shipping/delivery of miners.

How about this for an idea - instead of a share entitling you to purchase a 1GH/s miner, you can swap your share for a 1GH/s miner.  And for every retired share, ASICMINER would then sell a class-B share on-market.   Class B shares could also be swapped for miners, and would have full voting rights, but wouldn't be eligible for dividends.  That way those that decide to hang on to their Class A shares would be rewarded with an increasing share of a smaller dividend pie.

Of course we could just sell the units retail to the highest bidders and distribute profits to shareholders, and those shareholders that wish to mine can simply purchase and mine themselves.

I'm sure there are other options out there that will maximise the value for shareholders (where value != BTC necessarily).

Only if the gold rush doesnt make everyone rich. And that doesnt apply to bitcoin at the moment. Its way more profitable to mine now than selling asics. Even though auctioning asics would be the best way to get the most profit out of selling at least.


I believe he would pay it back if he could. But he cant because he probably took btc out of the system to pay for something. Now he cant afford to buy them back and cant pay.
Im not sure if he still keeps some money that he thinks the glbse-shareholders own him as a salary.


Thats sad. They couldnt do anything against what nefario did, they lost all the invested money because of what he did and now they have to pay even for what nefario did? Really sad...

Selling the shovels is ALWAYS the most profitable.

Please, Please move heaven and earth to get  the chips deployed ASAP.  I am not convinced that selling hardware is best now...  I should rather see the hardware be deployed, right now, mining for us.

Only pictures of the boards (with the chips on it)

(336+ MH/s x 64 = 21GH/s+ board?)

Are there photos of AM units, boards, chips and whole installation?

$200k at current prices. Would be nice to have had it to pay for the extra THash... is there any work being done to get it back? Were those BTC on reserve with him? Did he just steal them? What is the hypothesis?

AM/BF are apparently building themselves a data center.  It's not clear whether AM or BitFountain is funding/will own it.

Perhaps FC's next update will elaborate (*cough* hint, hint *cough*).

But at least we know AM investors are coming for the ASICs and getting a data center in China as a 'bonus.'