How would a spike in btc USD value affect dividends? Would it even? Rumour has it that Apple new payment system will include btc with paypal. If true= moon
I'm assuming big spike would enable FC to cash out less btc to cover any fiat only costs therefore more btc to go around for us. Would FC hold back dive waiting for price to spike? Would there be logic in this strategy? I really hate waiting like this because I start to worry and think up nightmare scenarios.
Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 209. (Read 3917468 times)
September 08, 2014, 01:33:38 PM
September 08, 2014, 01:11:18 PM
Wasn't here for a while, whats new? Dividends in August? 2 or 3 announced interviews? Era of exahash? PR person?
September 08, 2014, 12:26:38 PM
He is most likely scaling up as much as he can. Achieving 10% should be the minimum goal in my opinion. He needs to take every income he makes with the current mining power and invest it into new gear, and parts of it of course in gen 4. It is essential that gen 4 is completely funded.
I agree. From what I can see with our limited information, it looks like we nearly ran out of money with the Gen 3 launch, and started with much smaller batches than we should have. Using May sales to pay for July production because we overpaid dividends was IMHO Asicminer's biggest blunder so far. Every day lost to lack of funding was money thrown away. Given the efficiency achieved at 40nm compared to competition coupled with the move to 28 nm and FriedCat's anticipated design improvements, Gen 4 should be something special, and to starve it due to short funding would be criminal.
September 08, 2014, 12:14:46 PM
I've been following those sales addresses previously discussed for some time now, and they do all funnel into maybe 20-30 addresses that seem to be contained within maybe 5-6 wallets. You can tell from things like key sweeps that wallets are clustered, and from the central "node" addresses (like 13p5iQkqBEVgKmPeJqEL2LBRS44PjX1dZL), a number of txs with nice, round amounts get shuffled through and around to new smaller addresses, but occasionally lump to quite large sums.
If these are indeed friedcat/AM's wallets, then damn, he shuffles the funds often and holy hell, AM has a lot of BTC on the books right now. Granted, nothing's appearing in the self-mining addy or in the shareholder payout. And again, I don't expect a large part of what's on the books to be paid out as divs (divs were way, way too large last time, imo).
If these are indeed friedcat/AM's wallets, then damn, he shuffles the funds often and holy hell, AM has a lot of BTC on the books right now. Granted, nothing's appearing in the self-mining addy or in the shareholder payout. And again, I don't expect a large part of what's on the books to be paid out as divs (divs were way, way too large last time, imo).
He is most likely scaling up as much as he can. Achieving 10% should be the minimum goal in my opinion. He needs to take every income he makes with the current mining power and invest it into new gear, and parts of it of course in gen 4. It is essential that gen 4 is completely funded.
September 08, 2014, 05:28:29 AM
I've been following those sales addresses previously discussed for some time now, and they do all funnel into maybe 20-30 addresses that seem to be contained within maybe 5-6 wallets. You can tell from things like key sweeps that wallets are clustered, and from the central "node" addresses (like 13p5iQkqBEVgKmPeJqEL2LBRS44PjX1dZL), a number of txs with nice, round amounts get shuffled through and around to new smaller addresses, but occasionally lump to quite large sums.
If these are indeed friedcat/AM's wallets, then damn, he shuffles the funds often and holy hell, AM has a lot of BTC on the books right now. Granted, nothing's appearing in the self-mining addy or in the shareholder payout. And again, I don't expect a large part of what's on the books to be paid out as divs (divs were way, way too large last time, imo).
If these are indeed friedcat/AM's wallets, then damn, he shuffles the funds often and holy hell, AM has a lot of BTC on the books right now. Granted, nothing's appearing in the self-mining addy or in the shareholder payout. And again, I don't expect a large part of what's on the books to be paid out as divs (divs were way, way too large last time, imo).
September 08, 2014, 05:15:31 AM
Yeah, but chips already sold for about $0.35/GH/s in early June, so we're not achieving those prices anymore! But given the trouble with gen 3, we indeed may see gen 4 much earlier than initially planned. We could see sample chips in late October if this is true!
Source for the sales price of $0.35/G in early June, please?
http://www.cybtc.com/forum.php?mod=viewthread&tid=7951 1.9 CNY are about $0.31 at the current market rate. These chips were offered for delivery in mid/late June.
That's no more a valid source than some guy on Craig's list. For crying out loud, it's an ad in the classifieds. What we do actually know is that on the 5th of June, FC stated that the average selling price of chips was 0.5$/G.
September 07, 2014, 06:21:42 PM
Yes, that seems reasonable. I also believe that the retail price is really close to $0.2/GH/s meanwhile. Gen 3 just didn't do the trick when it comes to selling it in major volume to customers. I do think that self mining will now turn the ship around!
Not at this difficulty and at this exchange rate.
September 07, 2014, 05:56:12 PM
The price was updated on August 2nd.
I do remember it being $0.35 before that though.
I do remember it being $0.35 before that though.
How much do you think it's the production cost if they sold chips for that price?
A while ago FC said wafer cost is less than $0.2/gh.
I'd guess ~$0.15/gh for the chips.
Yes, that seems reasonable. I also believe that the retail price is really close to $0.2/GH/s meanwhile. Gen 3 just didn't do the trick when it comes to selling it in major volume to customers. I do think that self mining will now turn the ship around!
September 07, 2014, 05:48:42 PM
The price was updated on August 2nd.
I do remember it being $0.35 before that though.
I do remember it being $0.35 before that though.
How much do you think it's the production cost if they sold chips for that price?
A while ago FC said wafer cost is less than $0.2/gh.
I'd guess ~$0.15/gh for the chips.
September 07, 2014, 05:39:28 PM
Why would any CEO give sensitive/private company info to a competitors CEO who repeatedly spreads rumors on the forums? I'd trust a teenage girl with a secret more than Guy.
...
I could write a short novel full of nothing but Guy's BS quotes/competition trashing but it's not worth the time. You already know that Guy is constantly wrong about his "insider info" but you're willing to perform mental gymnastics to avoid acknowledging it.
Please, for the sake of everyone's intelligence, stop making baseless assumptions and spreading rumors.
...
I could write a short novel full of nothing but Guy's BS quotes/competition trashing but it's not worth the time. You already know that Guy is constantly wrong about his "insider info" but you're willing to perform mental gymnastics to avoid acknowledging it.
Please, for the sake of everyone's intelligence, stop making baseless assumptions and spreading rumors.
Guy is a reasonable person and as I said before he will not build his reputation on lies and on fabricated rumors. I am sure that everyone that has met him or had an in-depth conversation with him can admit that he is just not that kind of person.
The price was updated on August 2nd.
I do remember it being $0.35 before that though.
I do remember it being $0.35 before that though.
How much do you think it's the production cost if they sold chips for that price?
September 07, 2014, 05:22:20 PM
Yeah, but chips already sold for about $0.35/GH/s in early June, so we're not achieving those prices anymore! But given the trouble with gen 3, we indeed may see gen 4 much earlier than initially planned. We could see sample chips in late October if this is true!
Source for the sales price of $0.35/G in early June, please?
http://www.cybtc.com/forum.php?mod=viewthread&tid=7951 1.9 CNY are about $0.31 at the current market rate. These chips were offered for delivery in mid/late June.
The price was updated on August 2nd.
I do remember it being $0.35 before that though.
September 07, 2014, 05:19:53 PM
It's really not even about who you trust more. It just doesn't make any sense to imagine that the Spongebobtech CEO knows more about Asicminer than Asicminers own CEO. Does Guy also know what color underwear I'm wearing?
Why would so many competitors give Guy all this sensitive info? And what kind of NDA prevents him from disclosing the source, yet allows him to disclose all the info?
Why would so many competitors give Guy all this sensitive info? And what kind of NDA prevents him from disclosing the source, yet allows him to disclose all the info?
Ok first statement has no sense. Guy never stated that he knows more about AM than AM's CEO. No logic. He just stated what AM's CEO told him. Nothing more.
Guy didn't say he knew more about AM than FC but you are the one perpetuating the idea.
Friedcat has never said AM was selling chips at wafer cost. Guy started the rumor based on what he heard from a chip integrator and FC outright denied it.
Quote
Also I am imagining that a meeting between 2 CEOs is a bit different than a 2 regular persons meeting (like you and me) so that's why you don't get this thing about all the sensitive info. You should start thinking outside of your own box of thoughts and admit that not everyone is like you.
Why would any CEO give sensitive/private company info to a competitors CEO who repeatedly spreads rumors on the forums? I'd trust a teenage girl with a secret more than Guy.
Quote
So you gave me as examples some future predictions and you are comparing them to statements about past and present FACTS! You are either trying to mislead again or your personal logic doesn't let you see that you are comparing apples with oranges. In your own little box of thoughts you think that Guy is wrong about some FACTS just because he was wrong on some future predictions which may or may not come true.
I could write a short novel full of nothing but Guy's BS quotes/competition trashing but it's not worth the time. You already know that Guy is constantly wrong about his "insider info" but you're willing to perform mental gymnastics to avoid acknowledging it.
Please, for the sake of everyone's intelligence, stop making baseless assumptions and spreading rumors.
September 07, 2014, 05:11:50 PM
Yeah, but chips already sold for about $0.35/GH/s in early June, so we're not achieving those prices anymore! But given the trouble with gen 3, we indeed may see gen 4 much earlier than initially planned. We could see sample chips in late October if this is true!
Source for the sales price of $0.35/G in early June, please?
http://www.cybtc.com/forum.php?mod=viewthread&tid=7951 1.9 CNY are about $0.31 at the current market rate. These chips were offered for delivery in mid/late June.
September 07, 2014, 03:03:35 PM
Until then, please move on with your concerns. We all big boys here.
Big boys don't turn their back and try to hide the problems. Big boys face them and deal with them!
Big boys do what they want, and face the consequences.
September 07, 2014, 02:58:51 PM
Until then, please move on with your concerns. We all big boys here.
Big boys don't turn their back and try to hide the problems. Big boys face them and deal with them!
September 07, 2014, 02:40:14 PM
When should the shareholders expect the next financial report? That should clear things up.
I agree, so tired with this everlasting non-debate.
However, last year the financials came around the end of october so i would not expect anything before that..
Financial Reports
Until then, please move on with your concerns. We all big boys here.
September 07, 2014, 02:31:15 PM
It's really not even about who you trust more. It just doesn't make any sense to imagine that the Spongebobtech CEO knows more about Asicminer than Asicminers own CEO. Does Guy also know what color underwear I'm wearing?
Why would so many competitors give Guy all this sensitive info? And what kind of NDA prevents him from disclosing the source, yet allows him to disclose all the info?
Why would so many competitors give Guy all this sensitive info? And what kind of NDA prevents him from disclosing the source, yet allows him to disclose all the info?
Ok first statement has no sense. Guy never stated that he knows more about AM than AM's CEO. No logic. He just stated what AM's CEO told him. Nothing more.
Also I am imagining that a meeting between 2 CEOs is a bit different than a 2 regular persons meeting (like you and me) so that's why you don't get this thing about all the sensitive info. You should start thinking outside of your own box of thoughts and admit that not everyone is like you.
Quote
Care to elaborate the countless times when he was wrong? And don't give me the SP30 specs.
Just to list a few:
...
So you gave me as examples some future predictions and you are comparing them to statements about past and present FACTS! You are either trying to mislead again or your personal logic doesn't let you see that you are comparing apples with oranges. In your own little box of thoughts you think that Guy is wrong about some FACTS just because he was wrong on some future predictions which may or may not come true.
When should the shareholders expect the next financial report? That should clear things up.
September 07, 2014, 12:23:55 PM
"If"s don't move anything. Money move stuff.
And AM have been making money by self-mining and by selling chips and miners. We know they had 60 Ph/s and they were selling chips for around 0.5 $/G.
1) On the Balance Sheet, approximately how many chips does the current Inventory (Products + Materials + Masks) represent?
A little less than 60P of wafers, most of which are on their final stages of production. The materials consist mainly of lead frames for packaging. The mask is re-usable for years if there are continuing demands for the corresponding wafers.10) What is the average selling price of AM gen3 chips (price per Gh/s)?
About 0.5$/G for sold chips.20) What are the future plans and visions of Asicminer?
We could use that to establish an upper limit of 30 million USD. With a mask cost of around 3 million USD, AM could pay for it through 6 Ph/s of chip sales. Given the sales of miners as well, I don't think AM will have much to worry about with regards to funding gen 4.
With BE300 correcting the mistakes of BE200 and being pin compatible with BE200, the roll-out of BE300 will be far quicker and cost less too. Quite a few manufacturers already have experience with BE200 and a well performing BE300 would be very tempting to them. The production infrastructure for building miners would already be there as well and allow rapid deployment of miners for sale and self-mining. Overall, it should be a very smooth and profitable transition if the chips perform anywhere near as well as expected.
Yeah, but chips already sold for about $0.35/GH/s in early June, so we're not achieving those prices anymore! But given the trouble with gen 3, we indeed may see gen 4 much earlier than initially planned. We could see sample chips in late October if this is true!
Source for the sales price of $0.35/G in early June, please?
September 07, 2014, 10:32:54 AM
btcguild is listed under both proxy and no proxy?
8 Tubes assembled and running. 30 seconds of disappointment with the limited pool choices. Zero issues beyond that.
I don't agree they're garbage.
Does it only work on the 4 pools in the HW thread, I thought there was a proxy for the rest now
Is there any source for tapeout or was that just a rumor?
Guild didn't work, so I tried Slush.
They've been there since.
From a variance perspective, it's been nice to have my equipment split between two pools.
So, I'll probably keep them pointed at slush.
I have another tube coming on Monday - I'll try guild and see what happens.
I agree the SP-Tech stuff is so over priced doubt anyone will ever get positive ROI. The AM tubes are garbage and most buyers are having issues...I made the mistake of getting one and it shipped with a dead controller. I hope AM will make some decent hardware with these BE300 chips and actually test them before shipping.
8 Tubes assembled and running. 30 seconds of disappointment with the limited pool choices. Zero issues beyond that.
I don't agree they're garbage.
Is there any source for tapeout or was that just a rumor?
Guild didn't work, so I tried Slush.
They've been there since.
From a variance perspective, it's been nice to have my equipment split between two pools.
So, I'll probably keep them pointed at slush.
I have another tube coming on Monday - I'll try guild and see what happens.
***Only the below pools work directly with Tubes due to a current error in the firmware. Other pools will require the use of a proxy (see next section).***
GHash IO Register!
5b) Configuration - Using Proxy (Optional) (top)
To use pools outside of the above list, a proxy must be used. These instructions are for BFGMiner on Windows, but the same can be replicated on a Pi or Linux.
Using BFGMiner:
Optional:
Bitminter
Advertised sites are not endorsed and may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
GHash IO Register!
Code:
Servers : us1.ghash.io with port 3333
User : username.worker - auto creates workers!
Password: anypassword
Slush Register!User : username.worker - auto creates workers!
Password: anypassword
Code:
Servers : stratum.bitcoin.cz with port 3333
User : username.worker
Password: password
BTCGuild Register!User : username.worker
Password: password
Code:
Servers : stratum-lb-usa48.btcguild.com with port 3333
User : username_worker
Password: anypassword
Bitcoin Digger Register!User : username_worker
Password: anypassword
Code:
Servers : geo.bitcoindigger.com with port 3333
User : username.worker - auto creates workers!
Password: anypassword
User : username.worker - auto creates workers!
Password: anypassword
5b) Configuration - Using Proxy (Optional) (top)
To use pools outside of the above list, a proxy must be used. These instructions are for BFGMiner on Windows, but the same can be replicated on a Pi or Linux.
Using BFGMiner:
- Download BFGMiner. Extract it to "C:\Program Files (x86)".
- On the computer the proxy is running on, open a command prompt window (run/search and type cmd).
- Enter "ipconfig /all". Scroll down to your computer to find its IP address.
- Using a browser, navigate to the Tube's configuration page.
- Enter the computer's IP address into the "Pool URL" field. Enter "3333" into the "Pool Port" field.
- Username and password fields do not matter (enter x in both). Click Update/Restart.
- Create a .bat file in notepad (by saving it as .bat) and save it on your desktop. Put the following text inside, changing the pool url and miner login as desired.
Optional:
- If you want the proxy to start in the background when you turn your computer on, navigate to Control Panel -> Administrative Tools -> Task Scheduler.
- From the right hand list, select "Create Basic Task". Name it "Start Proxy" and click "Next". Select the trigger "When the computer starts" and click "Next".
- Select "Start a Program" and click "Next". Browse to your desktop and select the .bat we created. Click "Next", select the tick box and click "Finish".
- Select "Run whether user is logged on or not" and tick the check box "Run with highest privileges". Click "Okay".
Bitminter
Code:
cd C:\Program Files (x86)\bfgminer-4.7.0-win64
bfgminer -o mint.bitminter.com:3333 -u username_worker -p anypassword --stratum-port 3333 --set-device PXY:diff=512
BTCGuildbfgminer -o mint.bitminter.com:3333 -u username_worker -p anypassword --stratum-port 3333 --set-device PXY:diff=512
Code:
cd C:\Program Files (x86)\bfgminer-4.7.0-win64
bfgminer -o stratum.btcguild.com:3333 -u username_worker -p anypassword --stratum-port 3333 --set-device PXY:diff=512
GHash IObfgminer -o stratum.btcguild.com:3333 -u username_worker -p anypassword --stratum-port 3333 --set-device PXY:diff=512
Code:
cd C:\Program Files (x86)\bfgminer-4.7.0-win64
bfgminer -o us1.ghash.io:3333 -u username_worker -p anypassword --stratum-port 3333 --set-device PXY:diff=512
bfgminer -o us1.ghash.io:3333 -u username_worker -p anypassword --stratum-port 3333 --set-device PXY:diff=512
Advertised sites are not endorsed and may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
September 07, 2014, 10:16:58 AM
I agree the SP-Tech stuff is so over priced doubt anyone will ever get positive ROI. The AM tubes are garbage and most buyers are having issues...I made the mistake of getting one and it shipped with a dead controller. I hope AM will make some decent hardware with these BE300 chips and actually test them before shipping.
8 Tubes assembled and running. 30 seconds of disappointment with the limited pool choices. Zero issues beyond that.
I don't agree they're garbage.
Is there any source for tapeout or was that just a rumor?
Guild didn't work, so I tried Slush.
They've been there since.
From a variance perspective, it's been nice to have my equipment split between two pools.
So, I'll probably keep them pointed at slush.
I have another tube coming on Monday - I'll try guild and see what happens.
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