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Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 411. (Read 3917543 times)

hero member
Activity: 770
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4) When are the new chips expected to start mining in ASICMiner datacenters and what hashrate are you currently planning on deploying?
re 4) May-June for air cooling and June-July for immersion cooling. They are only capable of 3PH. Most should go franchising or as chips for other vendors' OEM products.


I dont understand why only 3PH, are we going back to the days of mining in a pool?

"Only 3ph" never heard that one before.

Don't forget about franchising.

I hope AM will use/franchise a few 1MW immersion cooled containers.
legendary
Activity: 1260
Merit: 1002
i just hope that since we are not going to see massive dividends from mining activities anymore, the conversion of fiat from chip sales to bitcoin will be conducted with due diligence. (and preferably when bitcoin is at a low price Grin)

(maybe i am missing a part with franchisees, but i dont recall any infos about expected % of their mining activities perceived, overall franchisees hashing power, etc.)
hero member
Activity: 574
Merit: 500

4) When are the new chips expected to start mining in ASICMiner datacenters and what hashrate are you currently planning on deploying?
re 4) May-June for air cooling and June-July for immersion cooling. They are only capable of 3PH. Most should go franchising or as chips for other vendors' OEM products.


I dont understand why only 3PH, are we going back to the days of mining in a pool?
full member
Activity: 224
Merit: 100
When is the next financial statement supposed to come in? Do we have any dates? This should be interesting because the first gen 3 dividends are supposed to come in then.

Jutural stated he would kindly take our questions to the board. @minerpumpkin Would you be willing gather those questions again? This approach worked the last time. Can't argue with success. Grin

Yeah, sure! Do we need further answers already or do we want to wait and see how things play out over the next weeks. I, for one, am rather content right now with the information on AM's current status (a seldom, yet blissful state  Grin)

Concerning the pre-orders: I guess waiting for a product to be delivered in 4 months alienates a lot of people, we all know about the pre-orders last year. Although I don't think there's less money flowing into mining. If it was to decline, the hashrate wouldn't go berserk the way it still does.

Jutural extended the offer in his last post for follow up questions which I would take advantage of. I for one would like to know more about franchising and you had a very pertinent question regarding when the next financials would be published. I'm certain now that people have had the time to digest the previous post they may want some further information. PR is usually a push system but the offer is there for us to pull so let's try and formulate questions that stay within the scope of AM as an investment as this thread was structured for and submit them.
legendary
Activity: 1190
Merit: 1000
www.bitcointrading.com
I'd rather see 3 PH than 100 TH on the internal network.  Let's get crackin'!

Update was very positive in my opinion.
hero member
Activity: 686
Merit: 500
A pumpkin mines 27 hours a night
When is the next financial statement supposed to come in? Do we have any dates? This should be interesting because the first gen 3 dividends are supposed to come in then.

Jutural stated he would kindly take our questions to the board. @minerpumpkin Would you be willing gather those questions again? This approach worked the last time. Can't argue with success. Grin

Yeah, sure! Do we need further answers already or do we want to wait and see how things play out over the next weeks. I, for one, am rather content right now with the information on AM's current status (a seldom, yet blissful state  Grin)

Concerning the pre-orders: I guess waiting for a product to be delivered in 4 months alienates a lot of people, we all know about the pre-orders last year. Although I don't think there's less money flowing into mining. If it was to decline, the hashrate wouldn't go berserk the way it still does.
hero member
Activity: 518
Merit: 500
August delivery? Excellent, what's the hash rate going to be in August? Smiley

You tell me!

My point exactly. You don't know. I don't know. Yet you are taking fixed price orders for something that may or may not be delivered in August, with a hash rate unknown. No wonder it isn't full. People have become totally fed-up with pre-orders, especially ones so far away, with the hash rate going crazy.

AM well overpriced? In the past, customers chose to pay silly prices for AM products. AM's fault? Not to my mind. AM never lied about the specs of what they were offering. Why blame AM for dumb customers?

The new AM chips are not well overpriced, that is for sure.
legendary
Activity: 1904
Merit: 1007
August delivery? Excellent, what's the hash rate going to be in August? Smiley

You tell me!
full member
Activity: 224
Merit: 100
When is the next financial statement supposed to come in? Do we have any dates? This should be interesting because the first gen 3 dividends are supposed to come in then.

Jutural stated he would kindly take our questions to the board. @minerpumpkin Would you be willing gather those questions again? This approach worked the last time. Can't argue with success. Grin
legendary
Activity: 1904
Merit: 1007

Firstly, stop using this thread to plug your group-buy. I sincerely doubt anyone cares.

Secondly, AM is an established company in this industry, trying to compare it to someone on a forums group-buy is insulting.

I was addressing jimmothy's issue when bitcoin.newsfeed jumped in to express his feelings about pre-orders which is now addressed too.

Whole discussion started when i expressed my view on the Jutarul's projected hashrate. My first post was replying to Franktank which was very happy about the hashrate deployment. I haven't started this by directly advertising my GB. I like to participate in discussions (as i did long before the GB) and if i'm organizing a GB i think that i should retain that right too. Also i was giving real life facts as example directly from my GB because it's the most obvious proof that money aren't flowing into mining as they used to last year. Backing statements with proofs and  facts is something that it should be done more often here on the forums don't you think?
hero member
Activity: 518
Merit: 500
Quote
Assuming 1$/GH at system level, that would mean that 50PH=50M$. With the current exchange rate and with the current market i simply don't think that will happen.

Says the guy running a $5 million dollar group buy..

He's running PRE-ORDER group buy Roll Eyes  Wink

It's a pre-order group buy for a company that already have a working product and already delivered units sooner than promised. It's not a regular "new company pre-order scheme". Also i have expressed my views regarding this pre-order in the second post of the Group Buy.

Also we all know that AM likes to sell in stock miners at an overpriced cost. WAY overpriced. From what i remember they used to sell last year miners for more than 30$/GH when the rest of market was around 15$/GH. My Group Buy offers the lowest $/GH for the pre-order miners from a well established and funded company, but also the lowest $/GH for their already launched miner, the SP10 (2.14$/GH lowest price right now on market). See: https://bitcointalksearch.org/topic/m.6278748

August delivery? Excellent, what's the hash rate going to be in August? Smiley
copper member
Activity: 224
Merit: 100
Quote
Assuming 1$/GH at system level, that would mean that 50PH=50M$. With the current exchange rate and with the current market i simply don't think that will happen.

Says the guy running a $5 million dollar group buy..

He's running PRE-ORDER group buy Roll Eyes  Wink

It's a pre-order group buy for a company that already have a working product and already delivered units sooner than promised. It's not a regular "new company pre-order scheme". Also i have expressed my views regarding this pre-order in the second post of the Group Buy.

Also we all know that AM likes to sell in stock miners at an overpriced cost. WAY overpriced. From what i remember they used to sell last year miners for more than 30$/GH when the rest of market was around 15$/GH. My Group Buy offers the lowest $/GH for the pre-order miners from a well established and funded company, but also the lowest $/GH for their already launched miner, the SP10 (2.14$/GH lowest price right now on market). See: https://bitcointalksearch.org/topic/m.6278748

Firstly, stop using this thread to plug your group-buy. I sincerely doubt anyone cares.

Secondly, AM is an established company in this industry, trying to compare it to someone on a forums group-buy is insulting.
legendary
Activity: 1904
Merit: 1007
Quote
Assuming 1$/GH at system level, that would mean that 50PH=50M$. With the current exchange rate and with the current market i simply don't think that will happen.

Says the guy running a $5 million dollar group buy..

He's running PRE-ORDER group buy Roll Eyes  Wink

It's a pre-order group buy for a company that already have a working product and already delivered units sooner than promised. It's not a regular "new company pre-order scheme". Also i have expressed my views regarding this pre-order in the second post of the Group Buy.

Also we all know that AM likes to sell in stock miners at an overpriced cost. WAY overpriced. From what i remember they used to sell last year miners for more than 30$/GH when the rest of market was around 15$/GH. My Group Buy offers the lowest $/GH for the pre-order miners from a well established and funded company, but also the lowest $/GH for their already launched miner, the SP10 (2.14$/GH lowest price right now on market). See: https://bitcointalksearch.org/topic/m.6278748
hero member
Activity: 686
Merit: 500
A pumpkin mines 27 hours a night
When is the next financial statement supposed to come in? Do we have any dates? This should be interesting because the first gen 3 dividends are supposed to come in then.
hero member
Activity: 686
Merit: 500
A pumpkin mines 27 hours a night
I would like more information on how franchising benefits the shareholder since we seem to have limited our mining to current space which doesn't appear to be a limfac. I'm not looking for a generalization here. I'm interested in how AM specifically goes about it.

Well franchising generates profits for AM, which are paid out to the shareholders - I believe we agree on that. Basically it shifts the risks and overhead of maintaining a mining operation to those franchisees. Do we know what the (current) terms are approximately?
full member
Activity: 224
Merit: 100
I would like more information on how franchising benefits the shareholder since we seem to have limited our mining to current space which doesn't appear to be a limfac. I'm not looking for a generalization here. I'm interested in how AM specifically goes about it.
full member
Activity: 141
Merit: 100
Thank you friedcat, minerpumpkin and jutarul!
hero member
Activity: 686
Merit: 500
A pumpkin mines 27 hours a night
After all the time of uncertainty, this truly is a much needed update. Even though the consumption isn't perfect, it seems that the chip performance overall is competitive and absolutely viable. Also the quantities seem very promising and should yield a reasonable income. I'm a lot less worried/uneasy now, thanks for addressing the questions friedcat, and thanks for relaying them Jutarul!

I believe the questions yielded the answers we needed. If there are uncertainties, please state amendments or critique, I tried to incorporate all the aspects people suggested and no one complained about the final set that has been submitted  Smiley
member
Activity: 88
Merit: 10
The sheep who walks through walls.
At the risk of sounding insensitive and short-sighted, we don't need the people to buy the miners.  We just need the builders to buy the chips!  Wink

Companies only buy chips if they think there is gonna be a market for the devices they assemble with the chips. It is better for everyone if everyone in the chain makes money: chip manufacturers, device manufacturers, and the miners that buy the devices. That allows a sustainable business model that will pay over and over again over multiple generations of products.

Oh, I agree completely.  It was a poor attempt at humour.  I'm not very good at it on the internet.
sr. member
Activity: 378
Merit: 250
Quote
Assuming 1$/GH at system level, that would mean that 50PH=50M$. With the current exchange rate and with the current market i simply don't think that will happen.

Says the guy running a $5 million dollar group buy..

He's running PRE-ORDER group buy Roll Eyes  Wink
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