Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1247. (Read 3917591 times)

You forget that we also mine at a much lower % of the network than expected and that we will also make money from sales. And that the shares are currently undervalued even for the You break even first period. "Normalize" is a relative term at this point and sort of holds no bearing.

Wow, it is perfect! These chips can be overclock significantly, if put them in refrigerator? Frequency doubling makes profitable use of the refrigerator IMHO )

It won't go on for 52 weeks of the year, not at this rate anyway.

According to the initial terms of the IPO posted on page 1 of this thread the dividends will only be this high until the original 0.1 BTC (the principal) has been repaid.



After that it will all change as the company will need to fund future operations and further invest in itself in order to grow.

So don't expect this every week, not after the first 0.1 BTC per share has been paid out in dividends.

I believe this is partially why some people are starting to sell off their shares en masse. Coupled with the lack of a trading platform this is going to cause problems for some investors. People are paying around 0.5 BTC per share right now but once the dividend drops I suspect the price of these shares will normalise.

I still believe an alternate trading patform like BTCT would have (and could still be) good enough for the interim. These shares could have been trading for months prior to the migration to the proprietary platform.

Mostly trading in the auction section of this board, and #bitcoin-otc on IRC.  Jutarul just posted a thread where he is selling them for a set price of BTC0.5 per share. I purchased shares from him at that price fairly recently, and can't imagine I will be complaining.   

where are you guys getting them?

But I'm buying it for 0.45 bitcoins each. Anyway, there is now a unified orderbook so let's keep this thread on asicminer.

I thought the platform was developed by a 3rd party?

Yes - DO NOT BID HERE (also it's a fixed price auction). Please place bids in the corresponding thread, or send me a PM, AFTER reading the bid instructions:
https://bitcointalksearch.org/topic/asicminer-fixed-price-auction-148198

Nope, this isn't an auction thread. You guys should just buy from Jutarul.

If we are announcing here, I'm buying 10 for .47 each.

BUYING 90 ASICMINER shares for 0.45 BTC each.

FYI. I am selling 2472 shares at a first come first serve basis for 0.5 BTC/share:
https://bitcointalksearch.org/topic/asicminer-fixed-price-auction-148198

Don't forget to always use escrow, especially when dealing with TradeFortress.  He's a huge fan of escrow and wouldn't have it any other way!   

Just checking interest, ASICMINER shares raffle: https://bitcointalksearch.org/topic/asicminer-shares-raffle-147812

What does this range include? Is that actually the estimate for just the chips, or is that the power consumption at the board level or the AC input?

Can you give some sort of guidance on the pace for increasing total hashing? What is the target date for 12TH, 15TH, or any info in that regard?

What are the current problems faced with deployment?

Update
Sorry for the delay in my awakening. Doing management on troubleshooting all day.
This update is sketchy but I will try making contact more frequently than once a week whenever I have time.

Deploying
The speed of current deploying is indeed a concern, especially in this high time that both price and hashrates seem to be on an uptrend. We are as eager as every shareholder else.

The first batch is more or less a prototype for the second one, so the deploying process is also the period we are finding the right solution to large-scale mining farms. In this batch the work is split as follows:

Factories:
  Wafer production, Slicing and packaging, PCB production, PCB assembly, Delivery.
Inhouse by us and our partners/employees/temps:
  Cabling for the power supply (double to triple digit kW needs special modification of the cable system), Wiring solution, Heat dissipation solution, Subrack and rack assembly, Network and firmware/software solution, System managing.

For the next batch, things will be much more smooth and automatic because the work will be like:
Factories:
  Wafer production, Slicing and packaging, PCB production, PCB assembly, Wiring, Subrack and rack assembly.
Inhouse by us and our partners/employees/temps:
  Cabling for the power supply, System managing.

The deploying of the next batch will be boosted with their "normal speed" as well, since most of the factories which had been at hibernation during the long vacation are fully functional now. We are also building a team, preparing for the real scaled deploying.

Financials
(This is brief and imprecise, to be replaced by a spreadsheet)
Assets
 Fiat balance: ~86,000 rmb
 Creditor's rights: 1066.71 btc + interest
 Fixed assets: ~1,420,000 rmb
Liabilities
 Non urgent private loan: 150,000 rmb + interest, due: July 2013
 Non urgent bank loan: 120,000 rmb + interest, due: post 2013
 Non urgent private loan: 90,000 rmb, due: July 2013

Platform
Sorry because many shareholders and potential shareholders want more liquidity than what are currently on the auction board. But currently there are only limited manhours allocated on it and safety/bugfree guarantee is more important than in-time online. On the other hand, the time does not allow us to explore and investigate existing platforms for a temporary place. The new platform is kind of innovative and is very interesting in its own right, but the status quo may last for a while.

The market will find a way to increase liquidity by other financial mechanisms, we have no way to stop them. But from our side, we are only responsible for our direct shareholders (who really hold ASICMINER shares, not derivatives of any form).

Power consumption
On our final products our chip consumes 6-8 watts/G on rated depending on temperature and voltage. After reviewing and comparison it turns out that our result is already very good with standard cell based design and 130nm tech.

The best thing about it is that the company is self-financing now.... so we will be a debt-free company.... 

Jup I know it's only based on the $ price and not the BTC price, that's why I added the subscript at the end of my  post

The reason why the payouts were 0.023 is because "This is all mining revenue minus the paid urgent debts and reserves."
I think about 1/3 of the IPO price is mined so far