Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1282. (Read 3917029 times)

Thats how he does it. I also own my share of DMC.

At the very least Buffet owns a significant portion of Berkshire Hathaway

Officially, DMC. I own no assets personally of any kind, the Warren Buffet way.

Great! Do we really think mining is 2-3 weeks away? I tried to read in between the lines and there is room for additional delays... but I'd be very happy if 2-3 weeks is when it happens. Let's get those dividends coming in

I sell 585 shares @ 0.85 BTC per share

But I am guessing the trading platform will be up and running soon. Friedcat has said that trading will start before the 1st dividend will be paid out. Mining s 2 - 3 weeks away, so the first dividend will probably be 5 - 6 weeks away. And delay in getting the ASICs up and running should not mean a delay in the platform, since that is being developed by a 3rd party.

All GLBSE shares have been confirmed, so lets get this puppy trading !!!!

are those shares owned by you or dmc?

I'll sell the 1000 I have for 1 BTC each. I think that is a fair deal.

Are you sure that share wont earn you dividends higher than 0.225 in the first year? I bet you will bite your own ass if you miscalculated.

.

I have 1000 shares I'll assign/sell for .325 / share.

Hey guys!
I might be interested in buying some ASICMINER shares for 0.2 BTC each,
or if you have some other price in mind.
Anyways pm me if your interested.
//DeaDTerra

It ends up not being an issue. BFL won't ship yet (or possibly ever), bASIC failed to launch, Avalon is in the process of shipping but no one has gotten shipping numbers yet (and most likely won't get the product in their hands until the first week of Feb), so as long as we start mining before or at the same time Avalon customers get their gear, we're fine.

Thanx for the nice update. Keep up with the good work!

Thanks for the update !

Now that all the share confirmations have been sent out, when do you project the shares will start trading on the new platform?

Update

All confirmations including GLBSE-only ones (who haven't claimed to us) have been sent. For shareholders who haven't received any, please check your spam folder, and report to us if you still couldn't find them.

Considering the yield rate (including chips themselves, assembling, and other uncertainties) and the overclocking opportunity we are looking at over 10TH/s and under 12TH/s for the whole first batch and sixfold for the second.

[quote bitcoinmagazine]
Normally, computer chip manufacturing facilities produce a “yield” of 95% – that is, less than 5% of the chips that come out of the foundry are imperfect in some way. For ASICMiner’s chip production, the company’s customer service representative reported, the number of failed chips is as high as 30%. In theory, all this means is that the manufacturer will need to make 43% more chips to compensate, but the abnormality hints at the possibility of other problems to come.
[/quote]
We have to make clear that that we have said was that our fab considers <1/3 failed rate as OK and they won't take responsibility, which is their bottom line. The reality is that our yield rate also >95%. The whole number of chips were less than what we expected was caused by the MLM typed process used for making our masks utilizes less area than a full mask.

1. No surprising things has come up. The real hold up is that we are meeting the delay of the assembly service which is an automated process which is practically hard to "push".
2. Because we have made many adjustments on the heat solution during the last few weeks and negated many as improper ones for bulk-ordering. They are done in parallel with the first the (mass) packaging of chips and then the (mass) production of pcbs so this was not the part that wasted time.
3. Yes. But we ordered them after the physical tests are done.

The current status is that in estimation we will be delayed by about 2 weeks in total compared to what we projected when the chips arrive. That is early Feb, before the CNY vacation comes. The next "real" milestone worth announcing is that we start hashing in our workshop, but before that we will also keep you updated.

No, not ready yet. Whenever they are ready we couldn't wait till a "regular" update time to announce it...

We are sorry to shareholders that we are now >2-month delayed against the original plan. (Late Dec. against Late Oct. to get the chips, plus 4-5 weeks against 2-3 weeks to fully deploy). The status are resulted in by a mix of our optimistic projection, our conservative action and our un-developed relation in the electric manufacturing field. Thanks again for all shareholders' patience and we will keep the track of deploying, and improve our timeline with the lessons of this time in our later products.

1/2) I must have missed the update where he said the second half was already finished and hes already ordered the second batch
5) He hasn't said it, but its still an issue if things take too long or something goes wrong.
7) One week from now is February. Now, yes, I hope they start mining this week, but I think it'll end up being the first week of Feb.

1. According to friedcat the 2nd half was finished and in QC over a week ago
2. The go ahead was given and additional wafers were ordered, not the first 12
3.
4.
5. Nowhere has friedcat said that Chinese New Year would in any way influence ASICMINER. He said and I quote: It might take more than 2 weeks to get all 12 wafers up and hashing
6.
7. See 5. I read his update that all chips from the 12 wafers would be up and running in appr 2 weeks since the last update, so 1 week from now.

The only thing of concern and possibly related to CNY is the act that they ordered Heatsinks in bulk 2 weeks ago.... That might cause a delay if they dont arrive before CNY

Yes.

Stuff starts shutting down and priority jobs are completed before the beginning of the Chinese New Year, and once the Chinese New Year starts, everything is completely shut down and everyone goes home. Hopefully, the finished boards are already in friedcat's hands BEFORE the 10th, otherwise we might be in for a longer wait.

Do you realise that Chinese New Year isn't until February 10th which is two and a half weeks away from now ?

The hold up, right now, is the Chinese New Year, and possibly, your inability to read.

friedcat has already said in this thread:
1) The first batch was split in half just in case there were errors in the chip design, and the first half of the first batch has been completed, the rest of the first batch has only been manufactured half way and...
2) friedcat has given his go ahead to the chip fab to complete them
3) friedcat has tested a sample of the chips, and they passed testing with flying colors, and may even be able to be clocked much higher than originally engineered for, due to how well they came out
4) the half of the first batch has been sent to the board assembler to be surface mounted with the rest of the components
5) the Chinese New Year means nothing gets done
6) he has already chosen and mostly prepared the location the mining rigs will be setup
7) the first boards should be completed and sent to friedcat and begin mining in the first or second week of February