Is it possible to hold ASICMINER shares outside of GLBSE?
Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1319. (Read 3917468 times)
September 28, 2012, 09:33:13 AM
September 26, 2012, 11:32:27 PM
Friedcat: Have you guys thought about mining software yet ? Will you develop that in-house or get supported by CGMiner for instance ?
Don't know if that part can be started before the actual product is in your hands ? That will also take time I assume
We will make/customize our own version at first when the PCB design is finalized. After we publish the PCB interface to the community, and people make better open source software than ours, we will possibly switch.Don't know if that part can be started before the actual product is in your hands ? That will also take time I assume
Why am I not surprised?
What in my mind was the scenario of our own deployment of our first batch of THashes when I replied the question. The software needs to be modified to adapt our hardware protocol and optimized for larger size of works from the network. This part would first be done with ourselves because it allows quicker iteration.
Since we don't sell our boards until later batches, and mere specification is not enough for other people to support our products with their software, we (Bitfountain side) talked about giving a small number of sample boards to the community for evaluation and development before we accept any orders. The final plan should be discussed among board members and approved by shareholders.
September 26, 2012, 08:09:21 PM
yeah, why waste time on making your own mining software client, the available ones are good (probably better) enough...
September 26, 2012, 07:54:17 PM
Friedcat: Have you guys thought about mining software yet ? Will you develop that in-house or get supported by CGMiner for instance ?
Don't know if that part can be started before the actual product is in your hands ? That will also take time I assume
We will make/customize our own version at first when the PCB design is finalized. After we publish the PCB interface to the community, and people make better open source software than ours, we will possibly switch.Don't know if that part can be started before the actual product is in your hands ? That will also take time I assume
Why am I not surprised?
September 26, 2012, 05:49:02 AM
Friedcat: Have you guys thought about mining software yet ? Will you develop that in-house or get supported by CGMiner for instance ?
Don't know if that part can be started before the actual product is in your hands ? That will also take time I assume
We will make/customize our own version at first when the PCB design is finalized. After we publish the PCB interface to the community, and people make better open source software than ours, we will possibly switch.Don't know if that part can be started before the actual product is in your hands ? That will also take time I assume
September 26, 2012, 05:45:08 AM
A legitimate and reputatable company works on a first come first serve basis. If you are the 10th in line at McDonalds, and people would be served before you because you had a "pay double, be served instantly option". How would you feel? Ignored because you choose to pay the normal price?
LOL, welcome to the reality. What do you think will happen if a big costumer of the foundry is asking for a reduced timeline or some test wafers that are important to the development? Do you really thing they will be told 'we are a legitimate company, you have to wait?'. This would be last time the big costumer were asking this fab as there a lot of other 'illegitimate and unreputatable company' who work first for their shareholders benefit.
What Do you think 'hot run' and 'super hot run' mean? Pay some money and become a vip costumer and get your chips a little more ASAP. On the other side there are (at least at 'my' pcb-manufacturer) reduced rates if you can wait a little longer.
Even if that is true: most foundries have very large customers that get privileged treatment anyway because they are repeat customers with a lot of business. I am afraid our little $ 100K project does not have the funds to bribe it's way to the front of the queue and will certainly be the one put on the back burner when one of the regular big customers wants a run done.
September 26, 2012, 05:41:43 AM
Friedcat: Have you guys thought about mining software yet ? Will you develop that in-house or get supported by CGMiner for instance ?
Don't know if that part can be started before the actual product is in your hands ? That will also take time I assume
We will make/customize our own version at first when the PCB design is finalized. After we publish the PCB interface to the community, and people make better open source software than ours, we will possibly switch. Don't know if that part can be started before the actual product is in your hands ? That will also take time I assume
September 26, 2012, 05:30:09 AM
Friedcat: Have you guys thought about mining software yet ? Will you develop that in-house or get supported by CGMiner for instance ?
Don't know if that part can be started before the actual product is in your hands ? That will also take time I assume
Don't know if that part can be started before the actual product is in your hands ? That will also take time I assume
September 26, 2012, 05:05:48 AM
A legitimate and reputatable company works on a first come first serve basis. If you are the 10th in line at McDonalds, and people would be served before you because you had a "pay double, be served instantly option". How would you feel? Ignored because you choose to pay the normal price?
LOL, welcome to the reality. What do you think will happen if a big costumer of the foundry is asking for a reduced timeline or some test wafers that are important to the development? Do you really thing they will be told 'we are a legitimate company, you have to wait?'. This would be last time the big costumer were asking this fab as there a lot of other 'illegitimate and unreputatable company' who work first for their shareholders benefit.
What Do you think 'hot run' and 'super hot run' mean? Pay some money and become a vip costumer and get your chips a little more ASAP. On the other side there are (at least at 'my' pcb-manufacturer) reduced rates if you can wait a little longer.
Even if that is true: most foundries have very large customers that get privileged treatment anyway because they are repeat customers with a lot of business. I am afraid our little $ 100K project does not have the funds to bribe it's way to the front of the queue and will certainly be the one put on the back burner when one of the regular big customers wants a run done.
September 26, 2012, 04:49:26 AM
A legitimate and reputatable company works on a first come first serve basis. If you are the 10th in line at McDonalds, and people would be served before you because you had a "pay double, be served instantly option". How would you feel? Ignored because you choose to pay the normal price?
LOL, welcome to the reality. What do you think will happen if a big costumer of the foundry is asking for a reduced timeline or some test wafers that are important to the development? Do you really thing they will be told 'we are a legitimate company, you have to wait?'. This would be last time the big costumer were asking this fab as there a lot of other 'illegitimate and unreputatable company' who work first for their shareholders benefit.
What Do you think 'hot run' and 'super hot run' mean? Pay some money and become a vip costumer and get your chips a little more ASAP. On the other side there are (at least at 'my' pcb-manufacturer) reduced rates if you can wait a little longer.
September 25, 2012, 08:55:48 PM
Move with the market. When I see multiple players looking to either liquidate large positions, or short sell an asset I'm holding, it's a good day to sell it down.
I am curious. What investment logic do you exploit here? What you said only makes sense if the players act as trend setters and you either want to liquidate anyway or re-buy at a lower price.
If the long position threatens the portfolio with downside risk (and on GLBSE that downside can take a very steep turn) and a the risk of not returning to the entry point (or profit point) is high, then it's absolutely time to jettison the position as a loser. If the opportunity for entry at a bottom presents itself, then re-entering the position is a possibility if funds have not been reallocated by then.
So, in short, the trading logic that limits my losses, and presents additional opportunities for gains.
(but truly, the above is trading logic, not investment logic. I do not like to hold most GLBSE assets for very long - I don't really regard most as investments. I have some interest in ASICMINER but regard GLBSE as too high a risk at this time, and am liquidating my holdings there)
September 25, 2012, 08:30:46 PM
Ah ok... i read at wikipedia what lithography mask means and it seems its similar to etching a platine. I can imagine that the work on it takes a while. But i can imagine that some more man at it could speed the work up. The etching itself probably is faster or is it a very slow process because of the miniatue so to not break anything in process?
And the month until getting the queue in fab... i only can imagine that money can speed it up. What from it will take a month. That so many products are before it or the creation itself? If the creation itself isnt the biggest factor then for example they get some thousand $ and the whole fab is working on a sunday creating the product. Ready, shipped and mining away. The thousand $ are back fast way before bfl or any competitor has the chance. And as far as i remember there still is money available that isnt spent and probably isnt needed to spend.
I only mean... when time is of essence like in this case... every possible advantage should be checked. At least asking doesnt cost friedcat anything. And maybe he gets surprised...
A legitimate and reputatable company works on a first come first serve basis. If you are the 10th in line at McDonalds, and people would be served before you because you had a "pay double, be served instantly option". How would you feel? Ignored because you choose to pay the normal price? And the month until getting the queue in fab... i only can imagine that money can speed it up. What from it will take a month. That so many products are before it or the creation itself? If the creation itself isnt the biggest factor then for example they get some thousand $ and the whole fab is working on a sunday creating the product. Ready, shipped and mining away. The thousand $ are back fast way before bfl or any competitor has the chance. And as far as i remember there still is money available that isnt spent and probably isnt needed to spend.
I only mean... when time is of essence like in this case... every possible advantage should be checked.
At least asking doesnt cost friedcat anything. And maybe he gets surprised... 
September 25, 2012, 01:18:07 PM
Ok... i only wanted to find out if every possible thing was done to move this a bit faster. Sometimes one doesnt have all ideas...
September 25, 2012, 10:44:00 AM
Ah ok... i read at wikipedia what lithography mask means and it seems its similar to etching a platine. I can imagine that the work on it takes a while. But i can imagine that some more man at it could speed the work up. The etching itself probably is faster or is it a very slow process because of the miniatue so to not break anything in process?
Etching isn't done by hand. This is an entirely automated process. Features on these chips are thinner than a human hair. Its _kind of_ similar to etching a plate, but its really difficult. Its not as slow as you think once the wafers are actually being processed, its the whole lead up to that part of the process that takes time.
From the end of tape out to slapping the chips on circuit boards is about a 3 month process for most people on small runs on large node sizes (>=65nm) depending on the fab. As long as friedcat gets these all done before the Chinese New Year, we're fine.
September 25, 2012, 09:40:42 AM
Ah ok... i read at wikipedia what lithography mask means and it seems its similar to etching a platine. I can imagine that the work on it takes a while. But i can imagine that some more man at it could speed the work up. The etching itself probably is faster or is it a very slow process because of the miniatue so to not break anything in process?
And the month until getting the queue in fab... i only can imagine that money can speed it up. What from it will take a month. That so many products are before it or the creation itself? If the creation itself isnt the biggest factor then for example they get some thousand $ and the whole fab is working on a sunday creating the product. Ready, shipped and mining away. The thousand $ are back fast way before bfl or any competitor has the chance. And as far as i remember there still is money available that isnt spent and probably isnt needed to spend.
I only mean... when time is of essence like in this case... every possible advantage should be checked. At least asking doesnt cost friedcat anything. And maybe he gets surprised...
And the month until getting the queue in fab... i only can imagine that money can speed it up. What from it will take a month. That so many products are before it or the creation itself? If the creation itself isnt the biggest factor then for example they get some thousand $ and the whole fab is working on a sunday creating the product. Ready, shipped and mining away. The thousand $ are back fast way before bfl or any competitor has the chance. And as far as i remember there still is money available that isnt spent and probably isnt needed to spend.
I only mean... when time is of essence like in this case... every possible advantage should be checked.
At least asking doesnt cost friedcat anything. And maybe he gets surprised... 
September 25, 2012, 08:23:13 AM
Care to elaborate what things eat this time? I mean every production step i can imagine wouldnt take long. But im not a pro in this area. Such a timeframe sounds like the chips has to grow naturally...
Or is it only because of the amount of chips?
Or is it only because of the amount of chips?
The hardest step once you have the design finished is "tape out", where they produce the lithography mask for chip production. This takes awhile and must be triple checked by both friedcat's people and the fab. Then, he has to wait about a month for his slot in the queue at the fab to come up, then the fab produces the chips and then (optionally) shoves them in a package (the metal or plastic thing with pins sticking out that you call a chip; the actual circuit is inside of that).
Also, friedcat mentioned to get the paper work done for a hot run, which should speed things up a little bit.
September 25, 2012, 08:16:09 AM
Care to elaborate what things eat this time? I mean every production step i can imagine wouldnt take long. But im not a pro in this area. Such a timeframe sounds like the chips has to grow naturally...
Or is it only because of the amount of chips?
Or is it only because of the amount of chips?
The hardest step once you have the design finished is "tape out", where they produce the lithography mask for chip production. This takes awhile and must be triple checked by both friedcat's people and the fab. Then, he has to wait about a month for his slot in the queue at the fab to come up, then the fab produces the chips and then (optionally) shoves them in a package (the metal or plastic thing with pins sticking out that you call a chip; the actual circuit is inside of that).
September 25, 2012, 08:04:17 AM
Care to elaborate what things eat this time? I mean every production step i can imagine wouldnt take long. But im not a pro in this area. Such a timeframe sounds like the chips has to grow naturally...
Or is it only because of the amount of chips?
Or is it only because of the amount of chips?
September 25, 2012, 08:00:12 AM
\ I mean production sounds to me like printing by robots and ready. \
The "printing" is very very very very very slow in the first step. then it will be fast.
September 25, 2012, 07:49:46 AM
friedcat... if im not wrong then the chips are now in production right? But why does it take a month for that? I mean production sounds to me like printing by robots and ready. So its probably more than that. Like persons that need to work on it and so on. So when the process isnt in your and your friends hands at the moment... cant the process be speed up by giving the production company some more money? So they can attach more people at the problem or maybe move your chips to the front of productionqueue and so on.
I only ask if its not possible to move this thing with money. Because the money spent here can be back fast when the chips are running some days earlier. Even the more if your asics are the first working.
Only a question... money moves the world... so....
I only ask if its not possible to move this thing with money. Because the money spent here can be back fast when the chips are running some days earlier. Even the more if your asics are the first working.
Only a question... money moves the world... so....
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