Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1260. (Read 3917029 times)

Can we have a confirmation for the location of the IPO? I am not personally invested in ASICMiner, but I am holding escrow for a sizeable chunk of shares.

One interesting aspect of the deployment is the time compression effect due to hashrate acceleration. At 8-9 blocks/hour we're looking at a time compression factor of 30-50%, which reduces the 14 day blockcycle to 9/10 days.

That means that as long as the hashrate accelerates the TOTAL mining reward rate (BTC/day) is artificially increased to 4500-5500BTC/day instead of the 3600BTC/day. Another way of looking at this is that during a single adjustment cycle the PRE-EXISTING hashing power feeds of the 3600BTC/day and the ADDED hashing power feeds exclusively off the 1000BTC-2000BTC/day.

To give an example. Let's assume hashing power is at 24 TH/s and 12 TH/s were deployed additionally at the beginning of an adjustment cycle. The total reward is then:
3600 BTC/day for the 24 TH/s
1800 BTC/day for the 12 TH/s

instead of the naive assumption:
2400 BTC/day for the 24 TH/s
1200 BTC/day for the 12 TH/s

The correction factor here is 600 BTC/day (50%) bonus for the newly deployed hashing power...

ADDENDUM:
Also worth noting is that the time compression is competitive. E.g. assume a second player also adding 12 TH/s AFTER the first one has deployed and the system is equilibrated. Then the total reward is:
3600 BTC/day for the 36 TH/s
1200 BTC/day for the 12 TH/s
( instead of the naive: 2700 BTC/day for the 36 TH/s and 900 BTC/day for the 12 TH/s, thus a 300 BTC/day correction )

Thus the early deployment of ASICMINER is a double win!

If you don't launch a trading platform pretty quickly you're going to be inundated with manual transfer requests.

With the price of BTC as it is this need is only going to grow with time.

The full financial statement may not be provided without the help of financial accountant, but some crucial numbers can be provided easily:

Income statement numbers
Total BTC revenue since the beginning of the mining operaton

Balance sheet numbers
The Bitcoin balance
The RMB balance
Debt obligations update: we can see which obligations has been paid, and the new debt we have to pay.

Potential obligations update: the chips of next batch are near ready,  how much money we need to deploy the next batch, a rough estimate is just fine. I guess it will not be a small number.

(Fiat) Cash flow statement numbers
RMB inflows which was converted from Bitcoin since the beginning of mining.

Speculation

I see 3.4 TH/s on btcguild and approximately 1 TH/s on ozcoin from "anonymous."  If the ozcoin miner is us, we are about 30-40% of the way to full deployment. 

I think we will be getting an update from friedcat tonight.

friedcat can you please tell us the status of the farm. What % is online and what is the timeline for the remaining ASICs to be powered on. Thanks so much for all of your work

I am more interested in the flood of used graphics cards hitting the market soon 

I am also selling some ASICMINER shares: https://bitcointalksearch.org/topic/900-asicminer-shares-auction-144676

Im not really sure that its all asicminer because the avalon user thread is quite active at the last time...

My current prediction for next difficulty is 4,216,232 (+15.5%) - so yes, the network is growing fast.

Network total - 34.437 Thash/s

Looks like the hash rate took a huge leap overnight?

What are you talking about? The site of what?  Mining in cold climate?

the site should be Mohe County

Also buying shares that are available, PM me as well.

Thanks,

Thank you

Still buying ASICMINER shares, PM me!

I confirm this. Please transfer the shares to tradefortress,  please friedcat.

Just a public notice:

5% !!!

And lost cut of the Transaction Fees!

You must be nuts!

 

So then we have to deal with the criers about high PPS fees. Can we switch to a different crying subject? I'm dry.

Then I hope asicminer is taking PPS...