ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1239.

poly

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Quote from: lophie on March 09, 2013, 08:21:27 AM

Quote from: ThickAsThieves on March 09, 2013, 07:05:03 AM

It's not complaining, we're investors and we're being fed tiny morsels of info that are insufficient in helping us make investment decisions related to the company.

I totally agree and I am in this position as well. For me investing in a good mining operation means you having the least amount of MH/s.$ (and considering the relative compensations in benefits like dividends from selling ASICs)

So I was thinking of selling some of my shares to buy an Avalon ASIC. So knowing how fast and by how much ASICMINER is planning to grow the hash rate per share is very important for my decision.

Am I wrong guys?

You're not wrong, but don't forget that you have to factor in your electricity rates, the time needed for setup / maintenance, shipping times / delays (avalon batch 2 will be delayed, I bet), and selling equipment to the public can be massive.

We really need to know how many TH/s is online right now through.

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Quote from: ThickAsThieves on March 09, 2013, 07:05:03 AM

It's not complaining, we're investors and we're being fed tiny morsels of info that are insufficient in helping us make investment decisions related to the company.

I totally agree and I am in this position as well. For me investing in a good mining operation means you having the least amount of MH/s.$ (and considering the relative compensations in benefits like dividends from selling ASICs)

So I was thinking of selling some of my shares to buy an Avalon ASIC. So knowing how fast and by how much ASICMINER is planning to grow the hash rate per share is very important for my decision.

Am I wrong guys?

ThickAsThieves

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Quote

First I don't see why updates only can come once a week. Of course we all appreciate that they all spend their time fixing stuff rather than typing in the forums, but 2 minutes each day would not be too much to ask.
Secondly, after waiting a week I think I wasn't alone to think the last update was a bit thin. There are plenty of questions in the thread that is left unanswered.

Agreed, let's not get all Stockholm syndrome-y about the vacuum of communication here.

Quote

But then again. This is bitcoin-world

Overall this project has delivered well beyond most other and beyond my expectations, so I don't have the guts to complain

It's not complaining, we're investors and we're being fed tiny morsels of info that are insufficient in helping us make investment decisions related to the company.

DutchBrat

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My feeling is that the last update wasn't written by Friedcat but by someone else on the Bitfountain team

Thats why it was shorter and without less real info than usual

I could be wrong though....

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Quote from: Transisto on March 09, 2013, 03:46:32 AM

Quote from: Maciek on March 09, 2013, 03:27:36 AM

Dear friedcat,

Is ASICMINER going to have more TH/s anytime soon? Where we can read about the plans and the timeframe of gaining more HashPower?
Wink

Cheers and good luck!

Updates are usually on Thursdays , Here's the last one. https://bitcointalksearch.org/topic/m.1597133

First I don't see why updates only can come once a week. Of course we all appreciate that they all spend their time fixing stuff rather than typing in the forums, but 2 minutes each day would not be too much to ask.
Secondly, after waiting a week I think I wasn't alone to think the last update was a bit thin. There are plenty of questions in the thread that is left unanswered.

But then again. This is bitcoin-world

Overall this project has delivered well beyond most other and beyond my expectations, so I don't have the guts to complain

Transisto

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Quote from: Maciek on March 09, 2013, 03:27:36 AM

Dear friedcat,

Is ASICMINER going to have more TH/s anytime soon? Where we can read about the plans and the timeframe of gaining more HashPower?
Wink

Cheers and good luck!

Updates are usually on Thursdays , Here's the last one. https://bitcointalksearch.org/topic/m.1597133

Maciek

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Dear friedcat,

Is ASICMINER going to have more TH/s anytime soon? Where we can read about the plans and the timeframe of gaining more HashPower?
Wink

Cheers and good luck!

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Quote from: ineededausername on March 08, 2013, 09:58:09 PM

I really hope ASICMINER is the top anonymous miner on ozcoin, because then we'd be sitting at almost 9 TH/s right now... good progress.

why not be informed about it? as share holders we should be informed about progress, periodically Wink

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Quote from: SebastianJu on March 08, 2013, 10:00:26 PM

Quote from: ineededausername on March 08, 2013, 09:58:09 PM

I really hope ASICMINER is the top anonymous miner on ozcoin, because then we'd be sitting at almost 9 TH/s right now... good progress.

It would be good. Because in the last days there would have been no real raise in Asicminer/Bitfountain Hashrate otherwise.

It actually seems reasonably likely, as the anonymous miner has huge variance in hashrate, the variance corresponds to bitfountainx workers reasonably well, and I have a gut feeling that Avalons would not have such variance while Bitfountain has had it all along (doing our own racks, wiring, etc). I'm looking forward to next week's dividend and hoping that it's double what I expect

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Quote from: ineededausername on March 08, 2013, 09:58:09 PM

I really hope ASICMINER is the top anonymous miner on ozcoin, because then we'd be sitting at almost 9 TH/s right now... good progress.

It would be good. Because in the last days there would have been no real raise in Asicminer/Bitfountain Hashrate otherwise.

ineededausername

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I really hope ASICMINER is the top anonymous miner on ozcoin, because then we'd be sitting at almost 9 TH/s right now... good progress.

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Quote from: Gabit on March 08, 2013, 07:48:25 AM

Quote from: Monster Tent on March 08, 2013, 07:12:59 AM

Quote from: Gabit on March 08, 2013, 03:44:52 AM

Quote from: interlagos on March 07, 2013, 05:15:39 PM

I hope friedcat has some serious plans for the summer period.
I'm not sure anybody can compete with 28nm SOI at the moment (as in the first linked thread), but ASICMINER can work together with them!

Agree, in multiple levels (assuming these 28nm guys are legit, and their product is superior):
1) Buying a percentage of their production, would secure our share of the network
2) Making boards our selves would reduce the cost, hedging against those who would buy them assembled (=other miners have to pay profits of the assembly company)
3) Asicminer would be able to sell those assembled boards. Those would secure some of our profit / hashrate out there.
4) Asicminer should sell as much as possible those boards to shareholders, thus generating extra value to them (I'm greedy, I know)
5) Reduced R&D costs

What is stopping ASICminer from ordering 28nm chips ?

1) R&D costs
2) R&D time
2) Risk of failure, and loss of capital, and loss of hashrate due delay
3) higher chip price (if the guys are so large as the given impression)

I know that friedcat&co are very capable people, but why take risks when one can be without? At least we should diversify (some chips in house, some out sourced). And there is a reason why, Apple for example, uses Intel chips nowadays. We don't have to order them right away, there is 50TH+ still coming. But they are claiming that they will put out 1 PH, with superior hash/joule in the first run. And that would drop our share of the network to around 6% with the 12+50TH, and then there is other competition too. Buying for example 10% of their production would be beneficial, even if the chips never went online.

I meant that they could buy the chips from this other company if they are legit.

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Quote from: friedcat on August 09, 2012, 03:57:28 AM

Thank you. Maybe it's just me kidding, but I still can't help my self saying it's not totally impossible
that the whole return could buy you a bar after several years. Grin

On first page (for reference), Maybe the first "under-estimation" ASICMINER did

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Quote from: Monster Tent on March 08, 2013, 07:12:59 AM

Quote from: Gabit on March 08, 2013, 03:44:52 AM

Quote from: interlagos on March 07, 2013, 05:15:39 PM

I hope friedcat has some serious plans for the summer period.
I'm not sure anybody can compete with 28nm SOI at the moment (as in the first linked thread), but ASICMINER can work together with them!

Agree, in multiple levels (assuming these 28nm guys are legit, and their product is superior):
1) Buying a percentage of their production, would secure our share of the network
2) Making boards our selves would reduce the cost, hedging against those who would buy them assembled (=other miners have to pay profits of the assembly company)
3) Asicminer would be able to sell those assembled boards. Those would secure some of our profit / hashrate out there.
4) Asicminer should sell as much as possible those boards to shareholders, thus generating extra value to them (I'm greedy, I know)
5) Reduced R&D costs

What is stopping ASICminer from ordering 28nm chips ?

1) R&D costs
2) R&D time
2) Risk of failure, and loss of capital, and loss of hashrate due delay
3) higher chip price (if the guys are so large as the given impression)

I know that friedcat&co are very capable people, but why take risks when one can be without? At least we should diversify (some chips in house, some out sourced). And there is a reason why, Apple for example, uses Intel chips nowadays. We don't have to order them right away, there is 50TH+ still coming. But they are claiming that they will put out 1 PH, with superior hash/joule in the first run. And that would drop our share of the network to around 6% with the 12+50TH, and then there is other competition too. Buying for example 10% of their production would be beneficial, even if the chips never went online.

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Quote from: Gabit on March 08, 2013, 03:44:52 AM

Quote from: interlagos on March 07, 2013, 05:15:39 PM

I hope friedcat has some serious plans for the summer period.
I'm not sure anybody can compete with 28nm SOI at the moment (as in the first linked thread), but ASICMINER can work together with them!

Agree, in multiple levels (assuming these 28nm guys are legit, and their product is superior):
1) Buying a percentage of their production, would secure our share of the network
2) Making boards our selves would reduce the cost, hedging against those who would buy them assembled (=other miners have to pay profits of the assembly company)
3) Asicminer would be able to sell those assembled boards. Those would secure some of our profit / hashrate out there.
4) Asicminer should sell as much as possible those boards to shareholders, thus generating extra value to them (I'm greedy, I know)
5) Reduced R&D costs

What is stopping ASICminer from ordering 28nm chips ?

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Quote from: SebastianJu on March 08, 2013, 06:21:05 AM

Quote from: VeeMiner on March 08, 2013, 03:27:23 AM

but also will be selling ASICS for "home" use in next months.

I hope that time wont come so fast because then the profits would move to single persons instead to the shareholders in a whole. Plus... who will be favored to get a unit? And i hope the prices for the asics will be really high. When i see avalon that is selling the unit for $1299 and this unit is earning this:

   Coins   Dollars
per Day   ฿7.48    $321.97
per Week   ฿52.39   $2,253.82
per Month   ฿227.51   $9,788.01

Then thats an extremely stupid thing to sell it at this price i think. You create competition, earn less this way and would have made way more in one single week. I mean think about it... you sell something and could have done twice as much as you sell it for in one week. So you sold it for peanuts for a one time gain while you could have earned way way more over time. Only in one year a hundred times as much. So if the shareholders would be asked i would never say yes to such stupid prices. Plus you create competition that leads to less own miningearning.

But at least that time wont come so soon.

When people actually get their avalons, the difficulty will increase by so much that you shouldn't use that "calculator".

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Quote from: VeeMiner on March 08, 2013, 03:27:23 AM

but also will be selling ASICS for "home" use in next months.

I hope that time wont come so fast because then the profits would move to single persons instead to the shareholders in a whole. Plus... who will be favored to get a unit? And i hope the prices for the asics will be really high. When i see avalon that is selling the unit for $1299 and this unit is earning this:

   Coins   Dollars
per Day   ฿7.48    $321.97
per Week   ฿52.39   $2,253.82
per Month   ฿227.51   $9,788.01

Then thats an extremely stupid thing to sell it at this price i think. You create competition, earn less this way and would have made way more in one single week. I mean think about it... you sell something and could have done twice as much as you sell it for in one week. So you sold it for peanuts for a one time gain while you could have earned way way more over time. Only in one year a hundred times as much. So if the shareholders would be asked i would never say yes to such stupid prices. Plus you create competition that leads to less own miningearning.

But at least that time wont come so soon.

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Quote from: interlagos on March 07, 2013, 05:15:39 PM

I hope friedcat has some serious plans for the summer period.
I'm not sure anybody can compete with 28nm SOI at the moment (as in the first linked thread), but ASICMINER can work together with them!

Agree, in multiple levels (assuming these 28nm guys are legit, and their product is superior):
1) Buying a percentage of their production, would secure our share of the network
2) Making boards our selves would reduce the cost, hedging against those who would buy them assembled (=other miners have to pay profits of the assembly company)
3) Asicminer would be able to sell those assembled boards. Those would secure some of our profit / hashrate out there.
4) Asicminer should sell as much as possible those boards to shareholders, thus generating extra value to them (I'm greedy, I know)
5) Reduced R&D costs

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Quote from: interlagos on March 07, 2013, 05:15:39 PM

Add to this around 1 Petahash in June from these guys:
https://bitcointalksearch.org/topic/m.1580984

And around 40 TH (500 units x 80 GH) from these guys within next week (if they are real):
https://bitcointalksearch.org/topic/m.1597462

So the mining landscape is changing drastically. Avalon and BFL don't look all that scary anymore.

I hope friedcat has some serious plans for the summer period.
I'm not sure anybody can compete with 28nm SOI at the moment (as in the first linked thread), but ASICMINER can work together with them!

PrimeAsic is 95% a scam, the other company seems interesting, but we will have to wait for further development. The only other asic than ASICMINER and Avalon, which will likely deliver is currently BFL. However it might take them months to deliver enough machines to make any difference in difficulty. In these months ASICMINER will mine a lot of BTC and they will have capital for enlarging the business. Friedcat proved to be a very good enterpreneur and I believe that the company will not only reach 50 Thash but also will be selling ASICS for "home" use in next months. As a shareholder I also hope that we will be the first ones to be able to order a working miner for home use.

I think that ASICMINER should work on developing "home" mining devices because it's not good to centralize the mining too much. Not good for Bitcoin overall I mean.

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Quote from: lophie on March 07, 2013, 06:59:52 PM

Quote from: SebastianJu on March 07, 2013, 06:19:05 PM

I think theres no danger. Each of these companies are working as hard as they can... at least they should... because time is money. It wouldnt change anything if they knew that asicminer is mining with 62GH now...

Going after your argumentation it could even be the opposite... that they feel like giving up and lose hope because they see others dominating the market...

It did cost alot of money, sweat and blood for this to deserve the TH instead of GH. It is the least you can do man....

Right... that result would be a bit poor...

Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1239. (Read 3917029 times)