Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1214. (Read 3917029 times)

Burnside, please stop spamming the AM thread. I don't buy merchandise from email spammers and support them, and I will not be supporting forum spammers either. You have a thread, post it in.

https://btct.co/security/ASICMINER-PT

- Free transfers in and out with NO MINIMUM share requirement.
- Lower per-transaction fees than the competition.
- Documented dead man's switch (view btct.co/faq while logged in) that works 100% because of how btct.co shares asset lists with it's issuers.  All my co-workers have to do is forward friedcat the latest list that comes into my email.

Hope that helps!

Thanks for the update. Just out of curiosity, who will the shareholders benefit from the sold ASICs? An equal proportion of earnings minus costs?

Seeing as there are problems with installing the asics for own mining purposes it makes a lot of sense to start selling mining devices.

With the last Avalon batch being priced really high and seeing that BFL can't seem to get their chips working any time soon there will be a window of opportunity where selling the asics is mor eprofitable than mining with them.... especially if it takes a long time to get any of them hashing any time soon.

My vote would be: sell the 50TH as soon as it comes in.... and be prepared to add hashing power to our own farm when the new chips arrive. Mark up the asics for sale substantially... they will fly out of the door at inflated prices anyway

Win win for everyone

Let me guess... you want to buy an asic and probably arent a shareholder right?

I think its wise to sell the asics with an auction. This way you can ensure that the machines are sold and you can get out the maximum price. The price of other asic-vendors shouldnt matter because its unknown when they ship and in the past they sold the units for way too less money. That shouldnt happen to asicminer. And when i see that probably fake-avalons at ebay get prices up to $20000 then this would work out fine i believe.
The units should be sold in the smallest package as possible to let more people be able to bid on it and so to maximize the revenue.

Its a pity that so many problems occur. But thanks for explaining whats going on. Its good to have a feeling about it.

If you plan to sell your units, you might look at competition. Avalon priced 2nd batch units at 56 BTC per 65 GHs, and 3rd batch units at 100 BTC per 85 GHs.

Update

Clarification of Unsold Shares
Now ASICMINER controls 163,962/400,000 of the whole identity, while Bitfountain controls 236,038/400,000. The former shares will not be diluted, while the latter will. Whenever we need to sell shares to raise funds or giving potential core employees shares/options, only our (Bitfountain's) shares will be reduced.

We consider it to be very fair to investors, because while either letting the investors break even first or protecting the investors from dilution are seen everywhere, having both at the same time is not that common, especially when the portion at the investors' side is already large.

Device Selling
After careful consideration, we decided to address it as a very important decision ahead. There are two factors that serve as the motivation of selling our devices earlier than what we planned before:

1. Vacuum of Deployment. We are now experiencing one. The unconventionally high power density makes our devices hard to be deployed to professional data centers, which also have very high rent charges as their extra downside. So we had and will have to build them of our own. It's a difficult task in a sense that besides the long cycle, unexpected incidents will create a period that we have a lot of devices lying there waiting to generate hashes.

2. Quantity in the Future. The price negotiation of the full mask is almost finished, so if there are no surprises, we will have virtually no third-party limitations on how many chips we could produce in this year. If the exchange rate of BTC against USD further shoots up in the next few months, we could even produce hundreds of wafers each month. Deploying all of them in time is out of our reach unless we expand significantly, which might be pre-mature and inflexible.

The most significant factor in selling devices is pricing. Devices are extremely illiquid because the trading and transportation are great ways of wasting the precious hash-time. Therefore no one knows how they should be priced yet. We would like to do the price discovery with auction by small quantity. The total number used for discovering the price will be very small compared to the whole batch, and the slow deployment rate before the construction of the whole farm infrastructure of the rest and arriving devices provides another motivation.

Other Info
We met a temperal black out this morning. It's caused by the capacity expansion (installing cables and switches). The PCB of the main board and the power module have been finished. The assembling will start as soon as the chips are packaged and passed the automatic tester. Our use of ~0.5MW of power in the new place is also approved. The network bottleneck is not in the internet connection side, but in our local Ethernet. It could be solved by optimizing the firmware and the switch structure, but a simple hot-fix is to add more internet connection accounts and routers, which is what we are doing now. The slow pace of the infrastructure building is also a hard limit, and it forced us to scatter a small portion of our devices to temperal places. They should be put back as soon as the permanent place is OK.

The shares on the exchanges are passthroughs, so if you buy them you dont have a contract with asicminer, but with the owner of the passthrough. And this owner has a contract with asicminer. Till now i only know that deadterras Passthrough allows it that you can change the pt-shares into real shares once you have 240shares. (or around that number) The thread linked is for selling real asicminer shares.

Buy direct if you don't want to take the additional, though probably small, risk of going through an exchange.

https://bitcointalksearch.org/topic/unified-asicminer-orderbook-148282

newbie question: if i want to buy some shares i see both bitfunder and btctco got them, any ups and down to buying on either? or anywhere else?

what happens if one of the exchanges pull a quick one and disappear, do i still have the stocks linked to my btc address or email?

sorry if this has been answered already.

yeah, Slush created stratum protocol exactly because ASIC devices needed it. There shouldn't be a problem with bandwidth

Search for stratum and variable difficulty and you will find out that even with 1000TH/s bandwith can be as low as 1kB/s.

I've indeed converted the Current Difficulty to the equivalent Total Hashrate

Click on the graph for a more detailed version  




Hm, this is taking almost a week now..

Can somebody who's mining please tell me what the download/upload speeds are when mining with about 1GH/s of GPU's?
Let's say this is for example about 2 kB/s, that would mean a 6,5 TH/s farm requires at least a 100Mb/s internet connection.

I really hope such simple thing as this isn't the problem causing us a few weeks delay, but I can image that 6.5 TH/s is taking a lot of bandwidth

Thanks for the info.


Cheers.

BTCGuild was under repeated DDoS, so maybe that's the reason... Now the ASICMINER hashrate stands on cca 6,1 TH/s.

For any US-based shareholders who plan to report/pay taxes on dividends, is there any guidance from the company as to whether these could possibly be "qualified" dividends (lower tax rate in the US). Thanks

Looks like it's just the network difficulty converted to TH/s
So that will almost always be below what it really is (at the moment and for the last few months)

Edit: in case you were wondering ... (diff / 600) * 2^32 / 10^12 TH/s

Correct me if I'm wrong but I believe that is the total Bitcoin network?

Can someone explain what the column "Total TH/s" refers to?