ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 152.

hdbuck

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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.

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.

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

Edit: he is not even the one asking. Instead he is mandating rockxie an havelock to do so... Roll Eyes

elasticband

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

Quote from: RoadStress on October 24, 2014, 06:15:00 AM

Quote from: rudi on October 24, 2014, 02:35:03 AM

Quote from: RoadStress on October 23, 2014, 08:28:16 PM

That's my thoughts too, but that makes it $49/month for a TH which I find too cheap. for a 0.7W/GH that would mean 700W for a TH and a power cost of just 0.03$/kWh. It's either that cheap or something is fishy here. And if AM can get so cheap power why didn't they self mined faster or stronger? That power cost is a miner's wet dream.

Can you clarify how you get to $0.03/kWh?
I get the following:
For 0.7 kWh for a TH and 0.1$/kWh, we get (about) 0.7*24*30*0.1 = $50.4 per month in electricty costs.
So these maintenance fees indicate that AM gets electricity for less than $0.1/kWh. It does not indicate they get electricity for less than $0.03/kWh.
That's much more reasonable (and not even particularly cheap if they indeed pay $0.1/kWh, but I would assume they pay somewhat less).

Ok I am bad at math.

Quote from: elasticband on October 24, 2014, 02:44:47 AM

@roadstress I see you posting but choosing not to acknowledge the post I made in reply to your comment yesterday.

I am not working at SP-Tech to be able to reply to you and I am not trying to sell anything. Can we focus on my posts, not on my signature?

I never said you were selling anything or working for SP. You made a comment regarding AM's chip efficiency, I made a comparison against the HW being sold by the vendor in you affiliate link (where i presume if you collect enough orders you get something, but that's none of my business), but you say you cannot comment...... okay Roll Eyes

Mabsark

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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.

rockxie

sr. member

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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.

rockxie

sr. member

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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?

There is 5 blocks for sales,each block is 1P,when a block is sold out,the next 1P will start automaticly.

Blazed

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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.

Mabsark

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Quote from: bobboooiie on October 24, 2014, 05:32:39 AM

Quote from: mxmenga on October 24, 2014, 05:00:36 AM

but the old shares AM1, are automatically included in this project?
Huh

Not, i wonder why people actually arent more outraged by this ...

Why would people be outraged? It's not like AM have given away 5 Ph/s to Havelock. Any profit from AMHash will obviously be included in AM's dividends just like profit from the sales of miners are. To suggest otherwise is simply ridiculous.

LiteBit

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Quote from: rudi on October 24, 2014, 06:50:21 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 !

Hm the share price is clearly listed as ฿0.00125000.
So if each share is worth 5 GH/s, that's ฿0.25 per TH/s. That's not likely.

I think it's more likely that they're just selling the shares in batches. This would be the first batch of 1 million shares.

My guess is batches. This is off of their Havelock details page:

Quote

The Fund is divided into 5 million (5,000,000) units each of which represents 1Gigahash per second.

jdany

hero member

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Inspired

I'll take 5TH for 1.25 Bitcoin
Sold!

rudi

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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 !

Hm the share price is clearly listed as ฿0.00125000.
So if each share is worth 5 GH/s, that's ฿0.25 per TH/s. That's not likely.

I think it's more likely that they're just selling the shares in batches. This would be the first batch of 1 million shares.

Jayjay04

legendary

Activity: 1364

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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 !

RoadStress

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Quote from: rudi on October 24, 2014, 02:35:03 AM

Quote from: RoadStress on October 23, 2014, 08:28:16 PM

That's my thoughts too, but that makes it $49/month for a TH which I find too cheap. for a 0.7W/GH that would mean 700W for a TH and a power cost of just 0.03$/kWh. It's either that cheap or something is fishy here. And if AM can get so cheap power why didn't they self mined faster or stronger? That power cost is a miner's wet dream.

Can you clarify how you get to $0.03/kWh?
I get the following:
For 0.7 kWh for a TH and 0.1$/kWh, we get (about) 0.7*24*30*0.1 = $50.4 per month in electricty costs.
So these maintenance fees indicate that AM gets electricity for less than $0.1/kWh. It does not indicate they get electricity for less than $0.03/kWh.
That's much more reasonable (and not even particularly cheap if they indeed pay $0.1/kWh, but I would assume they pay somewhat less).

Ok I am bad at math.

Quote from: elasticband on October 24, 2014, 02:44:47 AM

@roadstress I see you posting but choosing not to acknowledge the post I made in reply to your comment yesterday.

I am not working at SP-Tech to be able to reply to you and I am not trying to sell anything. Can we focus on my posts, not on my signature?

Puppet

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Its just the rouding error. Im curious how much they will sell. Id be very surprised if they sold out.

hdbuck

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Quote from: jdany on October 24, 2014, 05:54:49 AM

I'm guessing this is a great way to get the rest of the chip inventory on the street pretty quickly.
Especially if GEN 4 is really on the horizon.
Get that chip inventory hashing before if spoils on the shelf.

I just expect to see the cash for the HW they are deploying. Financials will be quite interesting..

jdany

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Inspired

I'm guessing this is a great way to get the rest of the chip inventory on the street pretty quickly.
Especially if GEN 4 is really on the horizon.
Get that chip inventory hashing before if spoils on the shelf.

hdbuck

legendary

Activity: 1260

Merit: 1002

Quote from: wasubii on October 24, 2014, 12:22:27 AM

Quote from: hdbuck on October 23, 2014, 07:34:14 AM

damn, so apparently, FC (and boardmembers) prolonged absence could partly be explained by the fact that china has indeed restricted access to bitcointalk:

Quote from: Phasebird on October 23, 2014, 07:29:42 AM

bitcointalk has been totally blocked by china interenet so i cannot login very often

are there anymore chinese people in here Huh

We all use VPNs in China. Without them we wouldn't have google, Facebook, twitter, BBC news (sometimes), etc etc

Personally, i never go online without a VPN because I'm paranoid about Big Brother watching me...

Hum cuz google facebook et al arent big brothering somehow?! Grin