Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 189. (Read 3917058 times)

It reeks of desperation, they are going under and hoping pre-order costs keep them afloat.

4.5TH for $2.5k is laughable this far out. Wattage looks promising.

This is crazy. It's a pre-order for Q1 2015. Q1 2015! And let's face it, the "optimistic" scenario that they are going to ship to spec and early in Q1 2015 is not going to happen.

Unless FC sold it all off to hide the company's holdings/how big of a batch gen 4 will be and then buy back in to both make profits for shareholders and bring the BTC price back up in tandem.  Everyone here seems to be overlooking the fact that friedcat has more than enough BTC to have brought the markets down to their current prices.  Because he could've sold off to cascade margin calls and cause more selloffs, the company could profit from manipulating the markets this way.

In this context, holdings refers to the capital they still hold... not to what was used up on expenses like chip fabrication. Clearly they would have paid for those types of expenses in fiat, but I see no reason to believe that the rest of the bitcoin that AM may have mined/earned was converted to fiat, as xhomerx10 suggested.

+1 mabsark. Did not see this one!

edit: i like the sound of "june"... "final design"

edit edit: FC! FC! FC!

Meh! FC announced plans for 0.2 J/Gh back in January for gen 3.


Things don't always go according to plan though. The flaws were identified and fixed for gen 4 and given the die shrink, gen 4 should be able to go lower than 0.2J/Gh in a low power mode.


So, if gen4 works as well as FC expects it shouldn't really have any problem competing with BitFury's new chips in terms of efficiency.

Bitfury is a bit more serious, although it doesnt say with which node they intend to make 0,2J/GH happen.. But coincraft? rolf (again). Their 16nm is nothing but smoking too much pot (or worse). What about the class action against them? AM is not going to compete against something that is not real. They (and their clients) are obviously delirious.

Ok fair enough. I was asking because I saw some discussions about the hashrate and I haven't kept up to date with them.

But don't forget that in less than 2 weeks my assumption of no dividends this month too will become FACT. Enjoy.

Something else to keep in mind: http://cointelegraph.com/news/112520/bitfury-announces-02-jgh-energy-efficiency-plans-sub-01-jgh-by-mid-2015

Gen 4 will be competing with that.

How are any of us supposed to know that?


It is proven by the financial reports released from 27th of May. FC also said in the follow up QA that most of those sales occurred before May. Based on the data we have (4,450,477 USD from chip sales, 0.5$/G on average from chip sales and 10 Gh/s per chip), AM basically sold around 9 Ph/s worth of chips in April.

No, none of us know how much hashing power the mine has. You already know that so why are you asking?

16nm? rofl. not gonna happen.

Looks like we've got a new benchmark to hit.

http://cointerra.com/product/aire-miner-bitcoin-miner/

(I know : pre-orders. urgh. untested chips. urgh. etc etc - but if they ship on time, we'll be left behind. again.

How do you know they sold more than 6Ph/s chips in April? Do you have a proof or are you pulling the numbers out of your...belly?

Also do you know the speed of the self mine or it's out of thin air again? Last that I know Am had 200Th/s on BTCGuid. Haven't saw any other official number yet.

He sure did, well remembered.


Looks like he's trying to back back in on the cheap.  


Lol, how do you think they pay for mask and chips? Do you think the fabs and data centres take bitcoin or something?

And how many new problems will pop up in developing gen 4 that were not in gen 3? The smaller the process you go to, the more issues there are to think about and contend with, and the more unforeseen problems can pop up.

Where has FC ever said that AM has converted its bitcoin holdings to fiat?

I believe gen 4 will be better because FC said that AM had identified the problem with gen 3 and had fixed it for gen 4.


Bitcoiners? Are you not a bitcoiner? If you thought the price was going to keep dropping, it would be logical to sell all your AM shares and all your bitcoin too. But here you are.


And I told you back then those prices were idiotic and AM wasn't worth anywhere near that much. I told you that competition would exist in the future that didn't exist then. I told you that AM's advantage at that time was simply because they were first onto the field and that in the future they wouldn't be able to sell miners anywhere near the price they were going for back then due to competition. Most people here called me a troll and continued hyping the shares.

It's funny that now all that has come to pass, you're spreading doom and gloom and I'm saying things are actually better than they appear to be. AM should have easily sold enough product to pay for gen 4 (it would only take around 6 Ph/s of chips at 0.5 $/G). AM sold more than that in chips alone before April, so it it's a pretty solid assumption that they've sold more than that in chips and miner since April too. They've also been mining for a couple of months too now, and we've seen fairly large sums of BTC being shifted around known AM addresses.

AM are not in anywhere near as bad as a position as people here are assuming.

Didn't you lose all your AM shares when your havelock account got hacked, or did I get people mixed up?

 As friedcat has already said, they have learned a lot from their shortcomings with gen 3.  If they incorporate those lessons into gen 4, all we have to hope for is that no new issues arise and we'll have another winner.
Didn't AM already convert their Bitcoin hodlings to fiat - we're already winning