ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 151.

rudi

full member

Activity: 141

Merit: 100

Quote from: 101111 on October 24, 2014, 08:40:26 AM

Quote from: rudi on October 24, 2014, 08:26:31 AM

Quote from: 101111 on October 24, 2014, 08:24:26 AM

Quote from: rudi on October 24, 2014, 08:21:20 AM

If this farm is using Tubes instead of Prismas, we have to revise our estimate of their electricity costs downward somewhat (to probably less than $0.06/kWh).

Surely the tariff is the same regardless of miner?

Tubes need more power per GH.

Yes but the cost per kWh, the cost of electricity, would be the same regardless.

edit I think maybe you meant the J/GH

It's actually quite clear: The maintenance fees are per GH. Also, the maintenance fees are stated and known.
If the equipment uses more electricity per GH, it costs more to maintain.
Hence, we can estimate what AMHash pays for electricity.

"power consumption" x "price of electricity" = "fee"
Solve for "price of electricity".

101111

hero member

Activity: 525

Merit: 500

Quote from: rudi on October 24, 2014, 08:26:31 AM

Quote from: 101111 on October 24, 2014, 08:24:26 AM

Quote from: rudi on October 24, 2014, 08:21:20 AM

If this farm is using Tubes instead of Prismas, we have to revise our estimate of their electricity costs downward somewhat (to probably less than $0.06/kWh).

Surely the tariff is the same regardless of miner?

Tubes need more power per GH.

Yes but the cost per kWh, the cost of electricity, would be the same regardless.

edit I think maybe you meant the J/GH

ujka

hero member

Activity: 630

Merit: 500

Quote from: rudi on October 24, 2014, 08:21:20 AM

If this farm is using Tubes instead of Prismas, we have to revise our estimate of their electricity costs downward somewhat (to probably less than $0.06/kWh).

My last estimate was done using Tubes power usage (was asuming they are 1GcF7j3YH8Qs8hvNEe7zbrQZftMU6sRLfu, and deployed that 5PH mid August!)

rockxie

sr. member

Activity: 284

Merit: 254

Quote from: Blazed on October 24, 2014, 07:57:27 AM

Quote from: rudi on October 24, 2014, 07:51:01 AM

Quote from: hdbuck on October 24, 2014, 07:32:18 AM

Still waiting for "benefits" tho. This is starting to annoy me. I dont like the idea of another ipo considering how fc behave lately. You cant just ask for more money like that.

I don't see a problem with this "IPO" in the least. It's quite similar to selling hardware. I think it makes a lot of sense for AM, and it's clearly the best deal out there.

Quote from: hdbuck on October 24, 2014, 07:32:18 AM

Im not gonna put a single satoshi in this new venture as i dont get my divs from AM.

This is illogical: Whether you can profit from AMHash or not is independent of whether AM pays out dividends or not.

Even if you get divs...buying the AMHash is a bad idea. You cannot make a profit with buying hosted mining. You should just hope it sells well and that AM makes some profit from it.

I think win-win is possible.This price is suitable for miners. You know the profit of mining is less and less along with the price is down. Cloud mining is the trend for bitcoin mining industry and hashrates will be more and more concentrated to people who has cheaper electricity if the rule of mining is not changed.

rudi

full member

Activity: 141

Merit: 100

Quote from: 101111 on October 24, 2014, 08:24:26 AM

Quote from: rudi on October 24, 2014, 08:21:20 AM

If this farm is using Tubes instead of Prismas, we have to revise our estimate of their electricity costs downward somewhat (to probably less than $0.06/kWh).

Surely the tariff is the same regardless of miner?

Tubes need more power per GH.

101111

hero member

Activity: 525

Merit: 500

Quote from: rudi on October 24, 2014, 08:21:20 AM

If this farm is using Tubes instead of Prismas, we have to revise our estimate of their electricity costs downward somewhat (to probably less than $0.06/kWh).

Surely the tariff is the same regardless of miner?

rudi

full member

Activity: 141

Merit: 100

If this farm is using Tubes instead of Prismas, we have to revise our estimate of their electricity costs downward somewhat (to probably less than $0.06/kWh).

Tripjammer

sr. member

Activity: 394

Merit: 250

Quote from: rudi on October 24, 2014, 08:04:40 AM

Quote from: Blazed on October 24, 2014, 07:57:27 AM

You cannot make a profit with buying hosted mining.

Why would that necessarily be so? I would guess it depends on the price you pay?

Why do people say you can't make a profit? I know people are making a profit in some of the other cloud mining systems. This one seems to have the lowest cost and maintaince fees.

FUR11

sr. member

Activity: 378

Merit: 250

FURring bitcoin up since 1762

Quote from: mxmenga on October 24, 2014, 08:13:05 AM

Quote from: FUR11 on October 24, 2014, 07:50:19 AM

Well, this is merely a co-founded cloud mining project and contract, he's selling. This is effectively just a product ASICMiner is selling to people who are interested. The regular AM1 shares own a part of the company, therefore they're de-facto entitled to the revenue of this project (which first flows into the company, dividends only consist of what FC decides to forward to the shareholders)

Well, you're not alone. I believe there are quite some people who are waiting for dividends to start rolling again. I believe we need to see gen 4 and possibly a rise in BTC price first, though :/

I hope so, it is from March that i don't see any satoshi from AM Roll Eyes

FUR11

sr. member

Activity: 378

Merit: 250

FURring bitcoin up since 1762

Quote from: arnuschky on October 24, 2014, 08:06:12 AM

Quote from: rudi on October 24, 2014, 07:59:50 AM

There is about one PH worth of hardware in this picture.
Must be very loud.

Nice. These are tubes

Quote from: arnuschky on October 24, 2014, 08:06:12 AM

Quote from: rudi on October 24, 2014, 07:59:50 AM

There is about one PH worth of hardware in this picture.
Must be very loud.

Nice. These are tubes? Where did this come from?

? Where did this come from?

Here are quite some pictures of the farm: http://instagram.com/asicminerhash. Seems to be quite an operation. I hope they can scale the hashrate and efficiency even higher with gen 4. But I bet this still is gen 3.

mxmenga

hero member

Activity: 628

Merit: 515

Quote from: FUR11 on October 24, 2014, 07:50:19 AM

Well, this is merely a co-founded cloud mining project and contract, he's selling. This is effectively just a product ASICMiner is selling to people who are interested. The regular AM1 shares own a part of the company, therefore they're de-facto entitled to the revenue of this project (which first flows into the company, dividends only consist of what FC decides to forward to the shareholders)

I hope so, it is from March that i don't see any satoshi from AM Roll Eyes

arnuschky

hero member

Activity: 518

Merit: 502

Quote from: rudi on October 24, 2014, 07:59:50 AM

There is about one PH worth of hardware in this picture.
Must be very loud.

Nice. These are tubes? Where did this come from?

elasticband

legendary

Activity: 1036

Merit: 1000

Nighty Night Don't Let The Trolls Bite Nom Nom Nom

Quote from: rockxie on October 24, 2014, 07:19:57 AM

Quote from: Jayjay04 on October 24, 2014, 06:35:44 AM

Quote from: Dexter770221 on October 24, 2014, 05:35:56 AM

There's only 1,000,000 units on havelock. Rest 4PH will mine for AM?

I think there is another big mistake.

Each share is worth 5 Gh/s, that is why there is only 1 000 000 shares available !

Each share is worth 1Gh/s.

Great work by the way!

rudi

full member

Activity: 141

Merit: 100

Quote from: Blazed on October 24, 2014, 07:57:27 AM

You cannot make a profit with buying hosted mining.

Why would that necessarily be so? I would guess it depends on the price you pay?

rudi

full member

Activity: 141

Merit: 100

There is about one PH worth of hardware in this picture.
Must be very loud.

Blazed

legendary

Activity: 2128

Merit: 1119

Quote from: rudi on October 24, 2014, 07:51:01 AM

Quote from: hdbuck on October 24, 2014, 07:32:18 AM

Still waiting for "benefits" tho. This is starting to annoy me. I dont like the idea of another ipo considering how fc behave lately. You cant just ask for more money like that.

I don't see a problem with this "IPO" in the least. It's quite similar to selling hardware. I think it makes a lot of sense for AM, and it's clearly the best deal out there.

Quote from: hdbuck on October 24, 2014, 07:32:18 AM

Im not gonna put a single satoshi in this new venture as i dont get my divs from AM.

This is illogical: Whether you can profit from AMHash or not is independent of whether AM pays out dividends or not.

Even if you get divs...buying the AMHash is a bad idea. You cannot make a profit with buying hosted mining. You should just hope it sells well and that AM makes some profit from it.

rudi

full member

Activity: 141

Merit: 100

Quote from: hdbuck on October 24, 2014, 07:32:18 AM

Still waiting for "benefits" tho. This is starting to annoy me. I dont like the idea of another ipo considering how fc behave lately. You cant just ask for more money like that.

I don't see a problem with this "IPO" in the least. It's quite similar to selling hardware. I think it makes a lot of sense for AM, and it's clearly the best deal out there.

Quote from: hdbuck on October 24, 2014, 07:32:18 AM

Im not gonna put a single satoshi in this new venture as i dont get my divs from AM.

This is illogical: Whether you can profit from AMHash or not is independent of whether AM pays out dividends or not.

FUR11

sr. member

Activity: 378

Merit: 250

FURring bitcoin up since 1762

Well, this is merely a co-founded cloud mining project and contract, he's selling. This is effectively just a product ASICMiner is selling to people who are interested. The regular AM1 shares own a part of the company, therefore they're de-facto entitled to the revenue of this project (which first flows into the company, dividends only consist of what FC decides to forward to the shareholders)

amhash

full member

Activity: 129

Merit: 100

Quote from: Blazed on October 24, 2014, 07:10:05 AM

It seems like the shares are selling at a decent pace. I just do not understand why people buy these mining contracts...there is no profit that can be made. My guess is that the shareholders will get some benefit to this...then again who knows how much is AM's versus how much is Rockminers. Now would be a good time for AM to make some sort of announcement.

1.If you are going to buy hashrate or miners, AMHash will be the best one.
2.Just as we said in the prospectus, AM will supply the hashrate ,RM will sell and manage it.

Blazed

legendary

Activity: 2128

Merit: 1119

Quote from: Mabsark on October 24, 2014, 07:20:32 AM

Quote from: Blazed on October 24, 2014, 07:10:05 AM

It seems like the shares are selling at a decent pace. I just do not understand why people buy these mining contracts...there is no profit that can be made. My guess is that the shareholders will get some benefit to this...then again who knows how much is AM's versus how much is Rockminers. Now would be a good time for AM to make some sort of announcement.

AM shareholders would benefit even if the miners belonged to Rockminer because they purchased the chips from AM.

I would assume so, but who knows how that deal works. I think the cloud mining was a pretty good call for both AM and RM. Always better to sell the hash upfront as they make more that way then they ever could mining. Selling hosted mining only makes the seller profits..definitely not the buyer!

Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 151. (Read 3917058 times)