Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 394. (Read 3917543 times)

Quote from: NuclearReactor on May 11, 2014, 03:16:47 PM

USD, RMB, or BTC - these won't have a positive ROI any way you cut it.

Bitcoin awareness has grown over the past year. New individuals have now heard of Bitcoin and have a simple understanding of how it works. This product provides a low barrier to entry (less than $100, low power usage) for those folks to get their feet wet in the Bitcoin mining industry. This way, they do not have to risk thousands of dollars on a preorder that may or may not arrive. With its pricing in fiat, there is the opportunity to make ROI should BTC rise in value again (spoilers: it will).

It serves its purpose by exposing the brand with products in a sleek design and at an approachable price point, which is competitive with other offerings that have immediate delivery. For the enthusiast miners here and the like, it's unlikely to appeal to them. Friedcat will have the "high-end" covered through franchise mining (2.4 PH/s @ 1.2 MW) and large batch chip orders. Rockxie is initially focusing on the "low end" first with this and plans to ramp up with the next iteration.

Quote from: Franktank on May 11, 2014, 06:35:40 PM

Batch produced will be done after 10 days,which is about thousands units,then can be shipped out.Current price is around $90,but it will be adjusted then,so we dont accept preorder now.
Bades will be TGH/S in June,if everything works good.

If a rise in BTC price is necessary for miners to make ROI wouldn't it just be better to buy and hold?

bingo!

Yes but as I said, this is an option for people actually want own some mining hardware (see above). From looking at the Mining Hardware subforum, there are plenty of USB miners and then there are small ASIC boards. This serves as another option for those people. Are you going to make a 10x return? No. Obviously if there is no demand, then the test run of the ~1000 units (~4000 chips) would be a failure.

For the record, I do think there is demand and I think these 1000 will sell out rather quickly. I bought a device last year that proved a poor choice financially compared to buy and hold. I did have lots of fun running it though. I don't think I'd do it again but I'm glad I did it once.

yea for the record i just bought 2 S1.. Grin

but still.. hard to ROI nowadays.. Undecided

antirack

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When the BTC rises there will be another craze for mining gear. Rockminer will be there to serve them. And everyone on Alibaba and Taobao Wink

d3adh3ad

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Quote from: hdbuck on May 11, 2014, 06:04:29 PM

Quote from: NuclearReactor on May 11, 2014, 03:16:47 PM

USD, RMB, or BTC - these won't have a positive ROI any way you cut it.

Bitcoin awareness has grown over the past year. New individuals have now heard of Bitcoin and have a simple understanding of how it works. This product provides a low barrier to entry (less than $100, low power usage) for those folks to get their feet wet in the Bitcoin mining industry. This way, they do not have to risk thousands of dollars on a preorder that may or may not arrive. With its pricing in fiat, there is the opportunity to make ROI should BTC rise in value again (spoilers: it will).

It serves its purpose by exposing the brand with products in a sleek design and at an approachable price point, which is competitive with other offerings that have immediate delivery. For the enthusiast miners here and the like, it's unlikely to appeal to them. Friedcat will have the "high-end" covered through franchise mining (2.4 PH/s @ 1.2 MW) and large batch chip orders. Rockxie is initially focusing on the "low end" first with this and plans to ramp up with the next iteration.

Quote from: flamingleg on May 12, 2014, 04:06:57 AM

Batch produced will be done after 10 days,which is about thousands units,then can be shipped out.Current price is around $90,but it will be adjusted then,so we dont accept preorder now.
Bades will be TGH/S in June,if everything works good.

If a rise in BTC price is necessary for miners to make ROI wouldn't it just be better to buy and hold?

bingo!

Yes but as I said, this is an option for people actually want own some mining hardware (see above). From looking at the Mining Hardware subforum, there are plenty of USB miners and then there are small ASIC boards. This serves as another option for those people. Are you going to make a 10x return? No. Obviously if there is no demand, then the test run of the ~1000 units (~4000 chips) would be a failure.

For the record, I do think there is demand and I think these 1000 will sell out rather quickly. I bought a device last year that proved a poor choice financially compared to buy and hold. I did have lots of fun running it though. I don't think I'd do it again but I'm glad I did it once.

minerpumpkin

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A pumpkin mines 27 hours a night

This might have been covered already but is there any info on asicminer branching out into other territories?

I can't imagine china's increasing hostility towards bitcoin is doing them any favours, especially if the day should come where they need the cooperation of a chinese bank for whatever reason. Some aggressive regulating could quickly prove to be a liability for asicminer, it might be prudent to have some kind of plan in place before it becomes an issue.

I remember friedcat mentioning some vague intention to go overseas a while ago, was there any followup on that?

He keeps reiterating that there's no pressure or danger at the moment and that relocating would be rather easy if need be. He really doesn't seem very bothered by this. In fact, he's actually currently simply designing, producing, and selling electronics equipment, after all...

flamingleg

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This might have been covered already but is there any info on asicminer branching out into other territories?

I can't imagine china's increasing hostility towards bitcoin is doing them any favours, especially if the day should come where they need the cooperation of a chinese bank for whatever reason. Some aggressive regulating could quickly prove to be a liability for asicminer, it might be prudent to have some kind of plan in place before it becomes an issue.

I remember friedcat mentioning some vague intention to go overseas a while ago, was there any followup on that?

rudrigorc2

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who wants to buy some direct shares? PM.

Franktank

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Quote from: hdbuck on May 11, 2014, 06:04:29 PM

Quote from: NuclearReactor on May 11, 2014, 03:16:47 PM

USD, RMB, or BTC - these won't have a positive ROI any way you cut it.

Bitcoin awareness has grown over the past year. New individuals have now heard of Bitcoin and have a simple understanding of how it works. This product provides a low barrier to entry (less than $100, low power usage) for those folks to get their feet wet in the Bitcoin mining industry. This way, they do not have to risk thousands of dollars on a preorder that may or may not arrive. With its pricing in fiat, there is the opportunity to make ROI should BTC rise in value again (spoilers: it will).

It serves its purpose by exposing the brand with products in a sleek design and at an approachable price point, which is competitive with other offerings that have immediate delivery. For the enthusiast miners here and the like, it's unlikely to appeal to them. Friedcat will have the "high-end" covered through franchise mining (2.4 PH/s @ 1.2 MW) and large batch chip orders. Rockxie is initially focusing on the "low end" first with this and plans to ramp up with the next iteration.

Batch produced will be done after 10 days,which is about thousands units,then can be shipped out.Current price is around $90,but it will be adjusted then,so we dont accept preorder now.
Bades will be TGH/S in June,if everything works good.

If a rise in BTC price is necessary for miners to make ROI wouldn't it just be better to buy and hold?

bingo!

Yes but as I said, this is an option for people actually want own some mining hardware (see above). From looking at the Mining Hardware subforum, there are plenty of USB miners and then there are small ASIC boards. This serves as another option for those people. Are you going to make a 10x return? No. Obviously if there is no demand, then the test run of the ~1000 units (~4000 chips) would be a failure.

EternalWingsofGod

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Well this is interesting slowly starting to see some movement in the Asicminer thread
Also hopefully once we start seeing these things selling we can party ^_^

hdbuck

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Quote from: NuclearReactor on May 11, 2014, 03:16:47 PM

USD, RMB, or BTC - these won't have a positive ROI any way you cut it.

Bitcoin awareness has grown over the past year. New individuals have now heard of Bitcoin and have a simple understanding of how it works. This product provides a low barrier to entry (less than $100, low power usage) for those folks to get their feet wet in the Bitcoin mining industry. This way, they do not have to risk thousands of dollars on a preorder that may or may not arrive. With its pricing in fiat, there is the opportunity to make ROI should BTC rise in value again (spoilers: it will).

It serves its purpose by exposing the brand with products in a sleek design and at an approachable price point, which is competitive with other offerings that have immediate delivery. For the enthusiast miners here and the like, it's unlikely to appeal to them. Friedcat will have the "high-end" covered through franchise mining (2.4 PH/s @ 1.2 MW) and large batch chip orders. Rockxie is initially focusing on the "low end" first with this and plans to ramp up with the next iteration.

Batch produced will be done after 10 days,which is about thousands units,then can be shipped out.Current price is around $90,but it will be adjusted then,so we dont accept preorder now.
Bades will be TGH/S in June,if everything works good.

If a rise in BTC price is necessary for miners to make ROI wouldn't it just be better to buy and hold?

bingo!

d3adh3ad

newbie

Activity: 9

Merit: 0

Quote from: NuclearReactor on May 11, 2014, 03:16:47 PM

USD, RMB, or BTC - these won't have a positive ROI any way you cut it.

Bitcoin awareness has grown over the past year. New individuals have now heard of Bitcoin and have a simple understanding of how it works. This product provides a low barrier to entry (less than $100, low power usage) for those folks to get their feet wet in the Bitcoin mining industry. This way, they do not have to risk thousands of dollars on a preorder that may or may not arrive. With its pricing in fiat, there is the opportunity to make ROI should BTC rise in value again (spoilers: it will).

It serves its purpose by exposing the brand with products in a sleek design and at an approachable price point, which is competitive with other offerings that have immediate delivery. For the enthusiast miners here and the like, it's unlikely to appeal to them. Friedcat will have the "high-end" covered through franchise mining (2.4 PH/s @ 1.2 MW) and large batch chip orders. Rockxie is initially focusing on the "low end" first with this and plans to ramp up with the next iteration.

Quote from: NuclearReactor on May 11, 2014, 03:16:47 PM

Batch produced will be done after 10 days,which is about thousands units,then can be shipped out.Current price is around $90,but it will be adjusted then,so we dont accept preorder now.
Bades will be TGH/S in June,if everything works good.

If a rise in BTC price is necessary for miners to make ROI wouldn't it just be better to buy and hold?

Franktank

hero member

Activity: 560

Merit: 500

USD, RMB, or BTC - these won't have a positive ROI any way you cut it.

Bitcoin awareness has grown over the past year. New individuals have now heard of Bitcoin and have a simple understanding of how it works. This product provides a low barrier to entry (less than $100, low power usage) for those folks to get their feet wet in the Bitcoin mining industry. This way, they do not have to risk thousands of dollars on a preorder that may or may not arrive. With its pricing in fiat, there is the opportunity to make ROI should BTC rise in value again (spoilers: it will).

It serves its purpose by exposing the brand with products in a sleek design and at an approachable price point, which is competitive with other offerings that have immediate delivery. For the enthusiast miners here and the like, it's unlikely to appeal to them. Friedcat will have the "high-end" covered through franchise mining (2.4 PH/s @ 1.2 MW) and large batch chip orders. Rockxie is initially focusing on the "low end" first with this and plans to ramp up with the next iteration.

Quote from: aahzmundus on May 11, 2014, 10:02:32 AM

Batch produced will be done after 10 days,which is about thousands units,then can be shipped out.Current price is around $90,but it will be adjusted then,so we dont accept preorder now.
Bades will be TGH/S in June,if everything works good.

NuclearReactor

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USD, RMB, or BTC - these won't have a positive ROI any way you cut it.

antirack

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This pricing in USD is stupid as fuck, thank you China.

Eh, would you prefer RMB pricing? Grin

aahzmundus

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Invest & Earn: https://cloudthink.io

This pricing in USD is stupid as fuck, thank you China.

bitcoin.newsfeed

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Quote from: Chris_Sabian on May 11, 2014, 09:15:36 AM

From the Rockminer thread:

Batch produced will be done after 10 days,which is about thousands units,then can be shipped out.Current price is around $90,but it will be adjusted then,so we dont accept preorder now.
Bades will be TGH/S in June,if everything works good.

If the whole miner is $90, each chip is ?

Probably can calculate approximate chip sales from these numbers

Effective Hash Rate: 30~40GH/S > 0.99$/Gh/s at the best > 1000 units = 40 000$ for ASICminer, and 90 000$ for RockMiner(100% margin) > 40 000/400 000 shares = 0.1$ div per share from RM batch 1

but they received 23 000 chips, so 230 000$ from this order is more accurate, so about 50cents/share

Chris_Sabian

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From the Rockminer thread: