Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1223. (Read 3917543 times)

Im not sure what the network problem is about but at the moment you guys do mine at pools. That means much more traffic instead solomining. Because pools let the miners solve many small hashes and need the solution sent back. Its way more traffic as far as i know.
So did you try to solomine and maybe this can take some pressure out of the network problem? I mean solomining with 6TH isnt a disadvantage like it would be for a gpu-miner. The solved blocks would come in still fast enough.
Its only an idea...


I think Asicminer is "THE BIG BOY"... no other to see around...

sell 'em cheap... to me!

i'd be happy to take em off your hands. you know. as a favor. (i'm such a loser... )

Sell SOME

Well, I started selling before the update... not sure anymore what to do

You sure you still want to sell all those shares then? 

This is extremely bullish.

Reasons:

(1) BFL is going to ship next month, not this month... even more delays.  They will still only be able to ship 42 TH/s at best.
(2) Avalons are more expensive now.
-> Competitors not going to add too much hashrate to the network.  Let's assume it's 130 TH/s without us.
(3) Bitfountain will be able to deploy much more rapidly this time, since our racks will come fully assembled in mid-April.

This gives us at least April and early May to hash at 60 TH/s, and possibly more with overclocking, which would be at least 25% of the network.  Per share dividends per week: (1/4) 3600 * 7 / 400000 = .01575.  Thus, a reasonable level of profitability can be reasonably expected to continue well into May.

Thanks for the update Friedcat!

Nice to know what to expect in the next weeks/months  

Thanks for the update friedcat! 

Thanks for the added info, much appreciated 

Iirc they had a thing developed in house over the course of > 3 months to do this. It's not been mentioned again, so I guess fail on that score?

Next batch is at least 50TH/s, which will be assembled and available in the early or middle of next month. Before that we have to gather more employees to form a deploying team because it's nearly a magnitude larger. We also have to deploy the rest of the first batch during this period (between now and the time next batch arrives) with or without new members to the company.

And this is estimation. We had somehow missed of the chips production cycle (actual arriving date: late December, estimated: late October to November) and the production/deploying cycle (actual deploying date: still going on, estimated: within March). Unexpected things happen, but we are fully aware of the reason of delays of the first batch and avoided the most in the next one.

Can you clarify your estimated dates for increased hashing? Next month is only a week away and we don't know whether you are talking about getting to 12TH, 15TH or 60TH or what when? Thank you sir!

If people are interested in the "shareholder registry", enabling decentralized exchange, it could be written fairly quickly by myself.

No fee or bounty, though donations are always welcome.

Update

Board members
A mail has been sent to the board member mailing list. We are sorry for the long interval between the last one and this.

OP
The main thread is under a re-writing since much information of the original one is out-dated. The old OP is backed-up by forum members in the replies.

Status
This week's dividends will be paid twice. The first is to pay the rest of the 0.1BTC/share, that is 0.00750846BTC/share. The second is to start the normal payment which splits proportionally between ASICMINER and Bitfountain.

This week meets more stagnancy of deploying. But in the last few days we poured 0.5TH/s into our mining farm as the installing of power cables in the new place goes on. The total hashrate grows much less than this, mostly possibly because of the bottleneck in our local network setting. We are still identifying and fixing the problem.

Next batch
The critical path is on either the packaging company's testing, or the interval between ordering and delivering of some components. Either way the assembly will finish in next month. Here is what the next batch improves over this one:

* The chips are functionality tested by the packaging company using automatic devices instead of by ourselves.
* The power supply will be sufficient for most, if not all, of the devices and cooling settings even with overclocking. No further large-scale migration will be needed.
* With better heat solutions, they are to be all overclocked by default.
* More people will do the deploying and maintainance for us.

Friedcat, will there be an update this week?

So, how is it going with the weekly update?

Well, I start by not assuming that there are no brokerages or exchanges...  that takes care of problems 0, 1, 2, 3 and 4.  I could go into detail on each point, but I think the mechanics are pretty simple, once you get rid of that one (silly) assumption.  If anyone is unable to work through each one on their own, I'd be happy to start a new thread.

A bitcoin-like system for exchanging securities has pretty much all of the same advantages and disadvantages that bitcoin has.  Note that all transactions in bitcoin are simple donations.  Real world transactions are only possible when one party or the other is willing to trust the other for a little while.  That same level of trust would be needed for a distributed securities exchange system.

Unless/until you have good answers for these problems you're by and large wasting your time is my guess.

Its not online yet. But friedcat wrote that they already paid someone who created it. Im not sure why it isnt online, maybe it has to be tested before or similar but he claimed its work to do before it can go online and he doesnt have the time.
Because he already paid for an own exchange i doubt they now will start to use another exchange. So the discussion how good other exchanges are doesnt make sense anymore.
I didnt say more.