ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1209.

vortex1878

hero member

Activity: 491

Merit: 500

Quote from: silvermario on April 01, 2013, 03:08:20 PM

Quote from: kaerf on April 01, 2013, 02:56:58 PM

43.077 BTC/GH (4393.846154 $/GH) @ 102$/BTC

Is that right???

Even projecting out to 200TH it's 1.4 BTC/GH (142.8 $/GH).

How did you come to that second number of 1.4 BTC/GH?

Sorry that you are not capable of 5th grade mathematics.

Quote from: kaerf on April 01, 2013, 02:56:58 PM

What's the current cost in terms of BTC/GH and USD/GH for ASICMINER? I tried to do some quick calculations, but my numbers are so off I must be missing something.

Current Hash Rate: 6500 GH (??)
number of shares: 400000

0.01625 GH/share
0.7 BTC/share
43.077 BTC/GH (4393.846154 $/GH) @ 102$/BTC

Is that right???

Even projecting out to 200TH it's 1.4 BTC/GH (142.8 $/GH).

Compared to:
Avalon ~ 1.17 BTC/GH
BFL ~ $20-22/GH (~ 0.2 BTC/GH)
100TH ~ 0.3 BTC/GH

Of course BFL and 100TH are not currently hashing yet. However, BFL might ship en mass in about 1 month. 100TH isn't projected to hash until July, so understandably they have a much lower valuation...in addition to the fact that they are much higher risk due to not having produced working hardware yet.

What other factors are you guys taking into account when trying to price ASICMINER shares? Shouldn't the value of shares drop off significantly over time as more and more players come into the market (assuming AM % of global hash rate goes down)? Personally, I'm expecting around 1PH/s total hash rate at year end with diff just under 150M.

flame on Grin

disclaimer: I sold at 0.65.

Your calculations are right. But you miss the point that you actually have to OWN (either a share of e.g. ASICMINER or a mining device).

That is why the current price for an ASICMINER share is adequate (or probably pretty much undervalued imho).

coldguy

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Activity: 69

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Auction for the ASIC units is definitely acceptable idea.

On the other hand, why not ASICMiner considers sell some contracted units, like what they do in the smartphone and mobile network industry. All the purchased units are coded could only connected to some dedicated mining pools, so that you have a good track of the hashing power of the sold units.

At this moment it seems hard to have a good prediction of the BTC market. Therefore an auction may quickly find a reasonable market price among all the participants of BTC markets. In the long run, the later method may help ASICMiner to expand itself in a massive scale.

Just some thoughts. though.

SebastianJu

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Quote from: kaerf on April 01, 2013, 02:56:58 PM

What's the current cost in terms of BTC/GH and USD/GH for ASICMINER? I tried to do some quick calculations, but my numbers are so off I must be missing something.

Current Hash Rate: 6500 GH (??)
number of shares: 400000

0.01625 GH/share
0.7 BTC/share
43.077 BTC/GH (4393.846154 $/GH) @ 102$/BTC

Is that right???

Even projecting out to 200TH it's 1.4 BTC/GH (142.8 $/GH).

Compared to:
Avalon ~ 1.17 BTC/GH
BFL ~ $20-22/GH (~ 0.2 BTC/GH)
100TH ~ 0.3 BTC/GH

Of course BFL and 100TH are not currently hashing yet. However, BFL might ship en mass in about 1 month. 100TH isn't projected to hash until July, so understandably they have a much lower valuation...in addition to the fact that they are much higher risk due to not having produced working hardware yet.

What other factors are you guys taking into account when trying to price ASICMINER shares? Shouldn't the value of shares drop off significantly over time as more and more players come into the market (assuming AM % of global hash rate goes down)? Personally, I'm expecting around 1PH/s total hash rate at year end with diff just under 150M.

flame on Grin

disclaimer: I sold at 0.65.

Friedcat told me that they developed everything for the lowest cost and easiest implementation. So that its very cheap to build hashpower. Thats why i dont fear the competition. Once they have their datacenter and the needed employees they could theoretically churn out TH after TH and for a unbeatable price. All the other asiccompanies has to built tiny units compared to asicminer. That draws out time.
So i think Asicminer can easily compete with everyone out there. They were the first that had asics ready (or was it avalon?) which means they are at the top of knowledge and they can buy big and implement big too. Thats different from the other. They will stay on top easily i believe.
I might be wrong but for thats its an investment...

silvermario

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Activity: 96

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Quote from: kaerf on April 01, 2013, 02:56:58 PM

43.077 BTC/GH (4393.846154 $/GH) @ 102$/BTC

Is that right???

Even projecting out to 200TH it's 1.4 BTC/GH (142.8 $/GH).

How did you come to that second number of 1.4 BTC/GH?

JimiQ84

sr. member

Activity: 406

Merit: 250

Quote from: kaerf on April 01, 2013, 02:56:58 PM

What's the current cost in terms of BTC/GH and USD/GH for ASICMINER? I tried to do some quick calculations, but my numbers are so off I must be missing something.

Current Hash Rate: 6500 GH (??)
number of shares: 400000

0.01625 GH/share
0.7 BTC/share
43.077 BTC/GH (4393.846154 $/GH) @ 102$/BTC

Is that right???

Even projecting out to 200TH it's 1.4 BTC/GH (142.8 $/GH).

Compared to:
Avalon ~ 1.17 BTC/GH
BFL ~ $20-22/GH (~ 0.2 BTC/GH)
100TH ~ 0.3 BTC/GH

Of course BFL and 100TH are not currently hashing yet. However, BFL might ship en mass in about 1 month. 100TH isn't projected to hash until July, so understandably they have a much lower valuation...in addition to the fact that they are much higher risk due to not having produced working hardware yet.

What other factors are you guys taking into account when trying to price ASICMINER shares? Shouldn't the value of shares drop off significantly over time as more and more players come into the market (assuming AM % of global hash rate goes down)? Personally, I'm expecting around 1PH/s total hash rate at year end with diff just under 150M.

flame on Grin

disclaimer: I sold at 0.65.

it's actually 262 TH/s projected (12+50+200) plus selling ASIC mining hardware. Plus the shares still have their value.

kaerf

hero member

Activity: 631

Merit: 500

What's the current cost in terms of BTC/GH and USD/GH for ASICMINER? I tried to do some quick calculations, but my numbers are so off I must be missing something.

Current Hash Rate: 6500 GH (??)
number of shares: 400000

0.01625 GH/share
0.7 BTC/share
43.077 BTC/GH (4393.846154 $/GH) @ 102$/BTC

Is that right???

Even projecting out to 200TH it's 1.4 BTC/GH (142.8 $/GH).

Compared to:
Avalon ~ 1.17 BTC/GH
BFL ~ $20-22/GH (~ 0.2 BTC/GH)
100TH ~ 0.3 BTC/GH

Of course BFL and 100TH are not currently hashing yet. However, BFL might ship en mass in about 1 month. 100TH isn't projected to hash until July, so understandably they have a much lower valuation...in addition to the fact that they are much higher risk due to not having produced working hardware yet.

What other factors are you guys taking into account when trying to price ASICMINER shares? Shouldn't the value of shares drop off significantly over time as more and more players come into the market (assuming AM % of global hash rate goes down)? Personally, I'm expecting around 1PH/s total hash rate at year end with diff just under 150M.

flame on Grin

disclaimer: I sold at 0.65.

SebastianJu

legendary

Activity: 2674

Merit: 1083

Legendary Escrow Service - Tip Jar in Profile

Quote from: punin on April 01, 2013, 01:52:40 PM

I'm curious as to what kind of math is driving the price of ASICMiner shares. 1 ASICMiner share currently entitles you to the profit generated by 1/400000 of approx. 6500GH/s or 0.03BTC per month, at current difficulty (which seems to be raising at an ever accelerating pace). Shares trade for around 0.7 BTC. How is anyone planning to break even at these prices?

You know that there are 6TH to be deployed, 50TH in April and 200TH are ordered? And because of the problems with deploying asicminer will start to auction asicminer units. Is it really that hard to see where the shareprice comes from?

punin

hero member

Activity: 560

Merit: 500

I'm curious as to what kind of math is driving the price of ASICMiner shares. 1 ASICMiner share currently entitles you to the profit generated by 1/400000 of approx. 6500GH/s or 0.03BTC per month, at current difficulty (which seems to be raising at an ever accelerating pace). Shares trade for around 0.7 BTC. How is anyone planning to break even at these prices?

DiabloD3

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Activity: 1162

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DiabloMiner author

Quote from: SmiGueL on April 01, 2013, 09:29:28 AM

Milestone reached: We've mined the 1000th block yesterday!

_{(956 on BTCGuild, and 71 on Ozco.in)}

And Bitcoin as a whole has reached another milestone, we've hit $100

SmiGueL

sr. member

Activity: 322

Merit: 252

Milestone reached: We've mined the 1000th block yesterday!

_{(956 on BTCGuild, and 71 on Ozco.in)}

Jutarul

donator

Activity: 994

Merit: 1000

Quote from: ThickAsThieves on April 01, 2013, 07:53:07 AM

With BFL finally doing something, it would be REALLY nice to see some added hashing for ASICminer this week.

Wait for the April fools day joke to fully unfold...

ThickAsThieves

hero member

Activity: 518

Merit: 500

With BFL finally doing something, it would be REALLY nice to see some added hashing for ASICminer this week.

JimiQ84

sr. member

Activity: 406

Merit: 250

So, BFL's shipping is on it's way, we should totally deploy rest of batch #1

burnside

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Lead Blockchain Developer

Quote from: keystroke on March 31, 2013, 11:36:14 AM

Is this the best site to sell ASICMINER?
https://btct.co/security/ASICMINER-PT

There isn't much liquidity on the buy side, at least on the order books.

I'm not looking to sell, just trying to figure out fair market value of shares for accounting purposes.

Thanks!

30d Volume there is 7287 shares / 5575.9 btc. I have noticed that people like to pick off the asks more than they like to post bids.

Check out bitfunder.com's market for the other passthru, the pricing is probably similar, but you could average the two for FMV?

keystroke

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Activity: 900

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advocate of a cryptographic attack on the globe

Is this the best site to sell ASICMINER?
https://btct.co/security/ASICMINER-PT

There isn't much liquidity on the buy side, at least on the order books.

I'm not looking to sell, just trying to figure out fair market value of shares for accounting purposes.

Thanks!

DobZombie

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Activity: 896

Merit: 532