The next update from the Fried One should come soon now that we are well into July. Details on the franchising plan will likely be part of that update. It is worth noting that franchising has been on the roadmap for ASICMINER / BitFountain for some time going back to last year:
https://bitcointalksearch.org/topic/asicminer-franchise-plans-can-now-scale-quickly-without-dominating-the-network-263007
Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 284. (Read 3917468 times)
We provide: whole mining device excluding PSU.
You provide: PSU, location, operation.
On each difficulty change, you pay us:
(x - 4.59*10^(-5)*t/y)*80% in which
x = 100% PPS of 850G
y = Bitcoin exchange rate on bitstamp
t = seconds in the last round
This is per device.
4.59*10^(-5) is electricity cost per second assuming power is 0.15$/kwh and each device draws 1.1kw.
If (x - 4.59*10^(-5)*t/y)*80% is already equal to or less than zero, or after three months and you decide that the project should discontinue, you can either sell them at market price (which is agreed by us) and pay us 80% of the sold value, or ship them back to us.
After that we give the deposit back to you.
You provide: PSU, location, operation.
On each difficulty change, you pay us:
(x - 4.59*10^(-5)*t/y)*80% in which
x = 100% PPS of 850G
y = Bitcoin exchange rate on bitstamp
t = seconds in the last round
This is per device.
4.59*10^(-5) is electricity cost per second assuming power is 0.15$/kwh and each device draws 1.1kw.
If (x - 4.59*10^(-5)*t/y)*80% is already equal to or less than zero, or after three months and you decide that the project should discontinue, you can either sell them at market price (which is agreed by us) and pay us 80% of the sold value, or ship them back to us.
After that we give the deposit back to you.
from where is that?
That was per friedcat.
Unless you provide a link to the post where Friedcat said that, it may as well have came straight out of a bull's arse.
Use the bloody quote feature!
We provide: whole mining device excluding PSU.
You provide: PSU, location, operation.
On each difficulty change, you pay us:
(x - 4.59*10^(-5)*t/y)*80% in which
x = 100% PPS of 850G
y = Bitcoin exchange rate on bitstamp
t = seconds in the last round
This is per device.
4.59*10^(-5) is electricity cost per second assuming power is 0.15$/kwh and each device draws 1.1kw.
If (x - 4.59*10^(-5)*t/y)*80% is already equal to or less than zero, or after three months and you decide that the project should discontinue, you can either sell them at market price (which is agreed by us) and pay us 80% of the sold value, or ship them back to us.
After that we give the deposit back to you.
You provide: PSU, location, operation.
On each difficulty change, you pay us:
(x - 4.59*10^(-5)*t/y)*80% in which
x = 100% PPS of 850G
y = Bitcoin exchange rate on bitstamp
t = seconds in the last round
This is per device.
4.59*10^(-5) is electricity cost per second assuming power is 0.15$/kwh and each device draws 1.1kw.
If (x - 4.59*10^(-5)*t/y)*80% is already equal to or less than zero, or after three months and you decide that the project should discontinue, you can either sell them at market price (which is agreed by us) and pay us 80% of the sold value, or ship them back to us.
After that we give the deposit back to you.
from where is that?
That was per friedcat.
We provide: whole mining device excluding PSU.
You provide: PSU, location, operation.
On each difficulty change, you pay us:
(x - 4.59*10^(-5)*t/y)*80% in which
x = 100% PPS of 850G
y = Bitcoin exchange rate on bitstamp
t = seconds in the last round
This is per device.
4.59*10^(-5) is electricity cost per second assuming power is 0.15$/kwh and each device draws 1.1kw.
If (x - 4.59*10^(-5)*t/y)*80% is already equal to or less than zero, or after three months and you decide that the project should discontinue, you can either sell them at market price (which is agreed by us) and pay us 80% of the sold value, or ship them back to us.
After that we give the deposit back to you.
You provide: PSU, location, operation.
On each difficulty change, you pay us:
(x - 4.59*10^(-5)*t/y)*80% in which
x = 100% PPS of 850G
y = Bitcoin exchange rate on bitstamp
t = seconds in the last round
This is per device.
4.59*10^(-5) is electricity cost per second assuming power is 0.15$/kwh and each device draws 1.1kw.
If (x - 4.59*10^(-5)*t/y)*80% is already equal to or less than zero, or after three months and you decide that the project should discontinue, you can either sell them at market price (which is agreed by us) and pay us 80% of the sold value, or ship them back to us.
After that we give the deposit back to you.
Are there any PPS pools left? 50BTC charges a 6% fee on PPS and most have dropped PPS mainly due to the pool hopping issue.
That 6% is going to come out of the franchisee's cut which makes it look slightly less desirable unless of course you're going to miner solo but you're going to need quite a few 850GH/s miners to make that work.
We provide: whole mining device excluding PSU.
You provide: PSU, location, operation.
On each difficulty change, you pay us:
(x - 4.59*10^(-5)*t/y)*80% in which
x = 100% PPS of 850G
y = Bitcoin exchange rate on bitstamp
t = seconds in the last round
This is per device.
4.59*10^(-5) is electricity cost per second assuming power is 0.15$/kwh and each device draws 1.1kw.
If (x - 4.59*10^(-5)*t/y)*80% is already equal to or less than zero, or after three months and you decide that the project should discontinue, you can either sell them at market price (which is agreed by us) and pay us 80% of the sold value, or ship them back to us.
After that we give the deposit back to you.
You provide: PSU, location, operation.
On each difficulty change, you pay us:
(x - 4.59*10^(-5)*t/y)*80% in which
x = 100% PPS of 850G
y = Bitcoin exchange rate on bitstamp
t = seconds in the last round
This is per device.
4.59*10^(-5) is electricity cost per second assuming power is 0.15$/kwh and each device draws 1.1kw.
If (x - 4.59*10^(-5)*t/y)*80% is already equal to or less than zero, or after three months and you decide that the project should discontinue, you can either sell them at market price (which is agreed by us) and pay us 80% of the sold value, or ship them back to us.
After that we give the deposit back to you.
from where is that?
We provide: whole mining device excluding PSU.
You provide: PSU, location, operation.
On each difficulty change, you pay us:
(x - 4.59*10^(-5)*t/y)*80% in which
x = 100% PPS of 850G
y = Bitcoin exchange rate on bitstamp
t = seconds in the last round
This is per device.
4.59*10^(-5) is electricity cost per second assuming power is 0.15$/kwh and each device draws 1.1kw.
If (x - 4.59*10^(-5)*t/y)*80% is already equal to or less than zero, or after three months and you decide that the project should discontinue, you can either sell them at market price (which is agreed by us) and pay us 80% of the sold value, or ship them back to us.
After that we give the deposit back to you.
You provide: PSU, location, operation.
On each difficulty change, you pay us:
(x - 4.59*10^(-5)*t/y)*80% in which
x = 100% PPS of 850G
y = Bitcoin exchange rate on bitstamp
t = seconds in the last round
This is per device.
4.59*10^(-5) is electricity cost per second assuming power is 0.15$/kwh and each device draws 1.1kw.
If (x - 4.59*10^(-5)*t/y)*80% is already equal to or less than zero, or after three months and you decide that the project should discontinue, you can either sell them at market price (which is agreed by us) and pay us 80% of the sold value, or ship them back to us.
After that we give the deposit back to you.
If you already have (or have cheap access to) PSU hardware, and you don't have a more attractive franchise offer on the table, I still fail to see where the franchisee's risk lies.
15c/kWh is a very fair allowance for electricity. I'd be surprised if many large scale miners pay that much.
We provide: whole mining device excluding PSU.
You provide: PSU, location, operation.
On each difficulty change, you pay us:
(x - 4.59*10^(-5)*t/y)*80% in which
x = 100% PPS of 850G
y = Bitcoin exchange rate on bitstamp
t = seconds in the last round
This is per device.
4.59*10^(-5) is electricity cost per second assuming power is 0.15$/kwh and each device draws 1.1kw.
If (x - 4.59*10^(-5)*t/y)*80% is already equal to or less than zero, or after three months and you decide that the project should discontinue, you can either sell them at market price (which is agreed by us) and pay us 80% of the sold value, or ship them back to us.
After that we give the deposit back to you.
You provide: PSU, location, operation.
On each difficulty change, you pay us:
(x - 4.59*10^(-5)*t/y)*80% in which
x = 100% PPS of 850G
y = Bitcoin exchange rate on bitstamp
t = seconds in the last round
This is per device.
4.59*10^(-5) is electricity cost per second assuming power is 0.15$/kwh and each device draws 1.1kw.
If (x - 4.59*10^(-5)*t/y)*80% is already equal to or less than zero, or after three months and you decide that the project should discontinue, you can either sell them at market price (which is agreed by us) and pay us 80% of the sold value, or ship them back to us.
After that we give the deposit back to you.
Is AM really selling chips at near cost? The formula AM uses for franchising seems really risky to the franchisee. Where would these divs come from at this point?
I don't put a lot of faith in this "AM selling chips at cost" rumor either.
The only source of it is a forum post from Spoondlies-tech (Guy Corem), who, in my opinion, doesn't conduct himself very professionally on this forum.
I don't know what the actual production costs are, and I doubt he does either.
I'd be surprised if production costs were high enough for AM to have to sell chips at a loss/break-even point this early in the game.
What's the formula for franchise arrangements? I keep hearing about it being risky for franchisees but I don't understand why.
Is AM really selling chips at near cost? The formula AM uses for franchising seems really risky to the franchisee. Where would these divs come from at this point?
I am desperately waiting for the dividents and I hope at least a sniff of a div because I am really pushed to the point I might cash a couple of dozens of shares.....
Anyone still waiting for transfers to havelock? put in request in early june
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Well the DataTank news is good for AM shareholders I would imagine, now if you want some of that action, you basically only have the option of investing in AM at the moment.
Yep since indirect investment in Datatank can be had by buying AM shares due to Chip Sales
Also hope that we do get an update sooner than later although learning of more suppliers and chips being used is always nice.
Well the DataTank news is good for AM shareholders I would imagine, now if you want some of that action, you basically only have the option of investing in AM at the moment.
^And now you don't have to worry about AM being sold to buy into DataTank's IPO. Dat IPO's no mo.
Datatank also confirmed ASICminer chips are being used in their first tank.
https://bitcointalksearch.org/topic/m.7713945
https://bitcointalksearch.org/topic/m.7713945
He said this:
We had tried several different really intricate and speculative designs for 2014, based on the assumption being competitive in a fully saturated market (average return rate getting close to normal business' single digits per year).
This was the quote that I was looking for. I thought that he said actual numbers. Guess I jumped the gun.
You can argue that the market is saturated right now with AM, SPoodles, Bitmain, KnC all selling chips and miners.
It can be debated that AM has economies of scale and relationships with foundries to produce huge quantities of chips.
Friedcat said a few months ago that he would like AM to achieve an annual yield of 5-15%. The 'glory days' of huge dividends are over. I'll have to dig for that post.
He said this:We had tried several different really intricate and speculative designs for 2014, based on the assumption being competitive in a fully saturated market (average return rate getting close to normal business' single digits per year).
Friedcat said a few months ago that he would like AM to achieve an annual yield of 5-15%. The 'glory days' of huge dividends are over. I'll have to dig for that post.
He said this:We had tried several different really intricate and speculative designs for 2014, based on the assumption being competitive in a fully saturated market (average return rate getting close to normal business' single digits per year).
Just looked through the last YEAR of FC posts and I see no claim being made about FC projecting any return for shares.
Did you check bitcointalk.tk in case he amended/deleted the original post? 
Just looked through the last YEAR of FC posts and I see no claim being made about FC projecting any return for shares.
Closest you can get to information even related to that is his statement on June 5th that 1/3 of income will be retained for Gen4.
I agree that FC making a statement like that would be idiotic, he has no direct control over share price. He also has no reason to set targets, and never has done anything like that in the past. When there is extra money, it is paid out in divs aggressively as we have seen before.
Closest you can get to information even related to that is his statement on June 5th that 1/3 of income will be retained for Gen4.
I agree that FC making a statement like that would be idiotic, he has no direct control over share price. He also has no reason to set targets, and never has done anything like that in the past. When there is extra money, it is paid out in divs aggressively as we have seen before.
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