ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 432.

jimmothy

hero member

Activity: 770

Merit: 509

Quote from: bitcoin.newsfeed on April 02, 2014, 02:52:54 PM

Quote from: jimmothy on April 02, 2014, 01:42:08 PM

I'm still interested to know if FC still has a solomining goal of 10% ...

When I was investing into this company ~ 1 year ago, it was publicly known that ASICminer's goal is to maintain at least 10% of global hashrate, so i did some calculations and bought shares. I was investing into mining company which goal was to mine bitcoins. I was not investing into chip manufacture which will be selling chips for fiat after one year. But yeah ... I am now in huge 75% loss, no point of selling now. I feel quite fucked by ASICminer.

You might be the only person who feels they were screwed by asicminer.

I am assuming you bought when AM had 30% hashrate?

The 10% goal would have brought in 100k bitcoins per year which is only half of what asicminer earned.

AM can only mine if it is economically feasible. Can you imagine how much smaller last years earnings would have been without hardware sales? We were able to squeeze an extra 80k bitcoins from selling hardware that would probably never or just barely reach a positive roi.

I think FC knows this game better than anyone and will go down whatever path is most profitable as has been done in the past.

bitcoin.newsfeed

sr. member

Activity: 378

Merit: 250

Quote from: jimmothy on April 02, 2014, 01:42:08 PM

I'm still interested to know if FC still has a solomining goal of 10% ...

When I was investing into this company ~ 1 year ago, it was publicly known that ASICminer's goal is to maintain at least 10% of global hashrate, so i did some calculations and bought shares. I was investing into mining company which goal was to mine bitcoins. I was not investing into chip manufacture which will be selling chips for fiat after one year. But yeah ... I am now in huge 75% loss, no point of selling now. I feel quite fucked by ASICminer.

jimmothy

hero member

Activity: 770

Merit: 509

Quote from jutarul. The official non-official relayer of info.

Quote from: Jutarul on February 08, 2014, 05:35:26 PM

5) What is the status and capacity of the immersion-cooling data center, and will it house some of the 3rd generation hardware used for mining?
re 5) Capacity is at least 1P. And yes it will be used.

SebastianJu

legendary

Activity: 2674

Merit: 1083

Legendary Escrow Service - Tip Jar in Profile

Quote from: vortex1878 on April 01, 2014, 08:47:58 PM

Your post again makes no sense at all. Why don't you keep quiet if you are clueless?!

I could have saved the explaination of what i thought, right. What i was interested in was if friedcat is already mass producing chips. Though it looks like friedcat already answered that question. He speaks about an engineering batch that comes out and shortly after that the chips work. So the full production didnt start yet. I doubt that friedcat already placed himself in a queue in the foundry since he would have to pay upfront before knowing if the design works. Which means at least a month before real production of wafers.

ujka

hero member

Activity: 630

Merit: 500

quote from friedcat, https://bitcointalksearch.org/topic/annasicminer-publicly-looking-for-potential-customerspartners-for-new-chips-438359 :

Quote from: friedcat on December 10, 2013, 12:06:19 AM

- How will Gen 3 be divided between mining, franchising and hardware sales?
It depends on the users of our chips. It is a safe bet that we will be moving more to pure chip distribution. But if the edge of low cost on whole devices and deploying still exists in 2014 on our side, we will do more mining/franchising/hardware sales ourselves.

sngwinner

full member

Activity: 432

Merit: 100

Quote from: jimmothy on April 02, 2014, 01:42:08 PM

Few of your questions have already been answered.

AM will be solomining with the immersion-cooled datacenter. No word about the air-cooled dc or franchising but my guess is that they will both be converted to gen3.

Also AM will manufacturer some small batches of gen3 machines.

I'm still interested to know if FC still has a solomining goal of 10% which would be a nice addition to chip sales.

Thanks Jimmothy. Do you know when this was mentioned or if it was from Friedcat himself. I keep up with this thread and check each of FCs posts and I don't remember this being directly stated. Assumed by others in this thread, but not stated by FC or a board member.

jimmothy

hero member

Activity: 770

Merit: 509

Quote from: sngwinner on April 02, 2014, 01:30:53 PM

So it looks like havelock pricing has adjusted for low dividends. It would be great if Friedcat could provide some guidance on whether or not AM is still going to self mine with their chips and is going to shoot for holding 10% of the network. Is juratol the designated board member contact? Could you maybe get a response from Friedcat.

Nothing has been said about abandoning this goal but the fact that they aren't going to be manufacturing miners and the board member involvement in Rockxie has me concerned.

Few of your questions have already been answered.

AM will be solomining with the immersion-cooled datacenter. No word about the air-cooled dc or franchising but my guess is that they will both be converted to gen3.

Also AM will manufacturer some small batches of gen3 machines.

I'm still interested to know if FC still has a solomining goal of 10% which would be a nice addition to chip sales.

sngwinner

full member

Activity: 432

Merit: 100

So it looks like havelock pricing has adjusted for low dividends. It would be great if Friedcat could provide some guidance on whether or not AM is still going to self mine with their chips and is going to shoot for holding 10% of the network. Is juratol the designated board member contact? Could you maybe get a response from Friedcat.

Nothing has been said about abandoning this goal but the fact that they aren't going to be manufacturing miners and the board member involvement in Rockxie has me concerned.

VolanicEruptor

sr. member

Activity: 392

Merit: 250

Yeah always be careful who you insult.. you never know when you're talking to a big customer Cheesy

minerpumpkin

hero member

Activity: 686

Merit: 500

A pumpkin mines 27 hours a night

Quote from: vortex1878 on April 01, 2014, 08:47:58 PM

Quote from: SebastianJu on April 01, 2014, 05:48:09 PM

Quote from: dhenson on April 01, 2014, 02:41:39 PM

Quote from: SebastianJu on April 01, 2014, 02:37:42 PM

It might be a preproduction with a couple chips only. Its cheaper than producing a full production mask and you can check if the design works. The tape-out has to be done now if thats the case.

For clarity... If the sample run is complete and the chips were tested and found to work, then by definition the tape-out happened weeks ago.

"The tape-out has to be done now if thats the case" in this context means that it has to have already been done. Not that it's now time to do the tape-out.

Sorry, was just confusing when I read your reply.

I often mix things in the area and i thought tape-out is meant only when you created the final production masks. If you build sample chips you wont have a mask useful enough to run the mass production of wafers. And since those full masks are the thing that costs millions its better to make some samples first. Its cheaper, you only get a couple of asics and you can test if the design will work.

But i think its correct that the production of sample chips meet the definition of tape-out too. I guess it has to be described more in detail to know exactly what was meant.

Your post again makes no sense at all. Why don't you keep quiet if you are clueless?!

Well, since Sebastian conducted several groupbuys of Avalon chips before - for several 1000s of BTC, he has been involved with chip production cycles before and does it matter whether the creation of the mask set is a one time thing or whether there may be multiple ones? I don't think this is an example of getting the concept totally wrong.
We should rather be nice and convince him to buy a couple PH of chips from AM

necro_nemesis

full member

Activity: 224

Merit: 100

You guys ever heard of Google? If you don't know shit you can look it up.

Obviously there's still no relevant new information. I'm attempting to see if rockminer can offer up any insight through their blog. Maybe instead of mental masterbation you may want to try something similar.

KS

sr. member

Activity: 448

Merit: 250

Quote from: SebastianJu on April 01, 2014, 05:48:09 PM

Quote from: dhenson on April 01, 2014, 02:41:39 PM

Quote from: SebastianJu on April 01, 2014, 02:37:42 PM

It might be a preproduction with a couple chips only. Its cheaper than producing a full production mask and you can check if the design works. The tape-out has to be done now if thats the case.

For clarity... If the sample run is complete and the chips were tested and found to work, then by definition the tape-out happened weeks ago.

"The tape-out has to be done now if thats the case" in this context means that it has to have already been done. Not that it's now time to do the tape-out.

Sorry, was just confusing when I read your reply.

I often mix things in the area and i thought tape-out is meant only when you created the final production masks. If you build sample chips you wont have a mask useful enough to run the mass production of wafers. And since those full masks are the thing that costs millions its better to make some samples first. Its cheaper, you only get a couple of asics and you can test if the design will work.

But i think its correct that the production of sample chips meet the definition of tape-out too. I guess it has to be described more in detail to know exactly what was meant.

Tape out is not "physical". It's when you send the finished "chip program".

vortex1878

hero member

Activity: 491

Merit: 500

Quote from: SebastianJu on April 01, 2014, 05:48:09 PM

Quote from: dhenson on April 01, 2014, 02:41:39 PM

Quote from: SebastianJu on April 01, 2014, 02:37:42 PM

It might be a preproduction with a couple chips only. Its cheaper than producing a full production mask and you can check if the design works. The tape-out has to be done now if thats the case.

For clarity... If the sample run is complete and the chips were tested and found to work, then by definition the tape-out happened weeks ago.

"The tape-out has to be done now if thats the case" in this context means that it has to have already been done. Not that it's now time to do the tape-out.

Sorry, was just confusing when I read your reply.

I often mix things in the area and i thought tape-out is meant only when you created the final production masks. If you build sample chips you wont have a mask useful enough to run the mass production of wafers. And since those full masks are the thing that costs millions its better to make some samples first. Its cheaper, you only get a couple of asics and you can test if the design will work.

But i think its correct that the production of sample chips meet the definition of tape-out too. I guess it has to be described more in detail to know exactly what was meant.

Your post again makes no sense at all. Why don't you keep quiet if you are clueless?!

SebastianJu

legendary

Activity: 2674

Merit: 1083

Legendary Escrow Service - Tip Jar in Profile

Quote from: dhenson on April 01, 2014, 02:41:39 PM

Quote from: SebastianJu on April 01, 2014, 02:37:42 PM

It might be a preproduction with a couple chips only. Its cheaper than producing a full production mask and you can check if the design works. The tape-out has to be done now if thats the case.

For clarity... If the sample run is complete and the chips were tested and found to work, then by definition the tape-out happened weeks ago.

"The tape-out has to be done now if thats the case" in this context means that it has to have already been done. Not that it's now time to do the tape-out.

Sorry, was just confusing when I read your reply.

I often mix things in the area and i thought tape-out is meant only when you created the final production masks. If you build sample chips you wont have a mask useful enough to run the mass production of wafers. And since those full masks are the thing that costs millions its better to make some samples first. Its cheaper, you only get a couple of asics and you can test if the design will work.

But i think its correct that the production of sample chips meet the definition of tape-out too. I guess it has to be described more in detail to know exactly what was meant.

aahzmundus

hero member

Activity: 644

Merit: 500

Invest & Earn: https://cloudthink.io

Quote from: cs54 on April 01, 2014, 04:15:05 PM

Seems like we are basically transferring the profit margin to the miner assembly companies.

Soo about that Rockminer IPO...

Would be nice if there was an 'obligation' to disclose related party transactions to the board, so we could get the full picture...

We are also transferring... support, logistics, sales, marketing, replacements. We get to develop chips, and profit. They have to deal with all sorts of curve balls, and day to day problems... and they will get paid for it.

By focusing the business, instead of getting distracted for months after you finish a chip with dealing with that chip, you can instantly focus all efforts on the next chip.

minerpumpkin

hero member

Activity: 686

Merit: 500

A pumpkin mines 27 hours a night

Quote from: elasticband on April 01, 2014, 03:46:43 PM

Quote from: friedcat on March 29, 2014, 10:07:03 AM

. (As well as at how low voltage the chip totally stops working and how at how high it explodes)

Comedy gold FC

Gold, Jerry, Gold!

cs54

member

Activity: 62

Merit: 10

Seems like we are basically transferring the profit margin to the miner assembly companies.

Soo about that Rockminer IPO...

Would be nice if there was an 'obligation' to disclose related party transactions to the board, so we could get the full picture...

bitcoin.newsfeed

sr. member

Activity: 378

Merit: 250

Quote from: ?? on ??

AM price is for chips, not miners.

I know. again :
http://bitmine.ch/?product=coincraft-ai-asic
price for chips 2.8$ - 3.5$Gh ... AM 0.49$ - 0.99$

elasticband

legendary

Activity: 1036

Merit: 1000

Nighty Night Don't Let The Trolls Bite Nom Nom Nom

Quote from: friedcat on March 29, 2014, 10:07:03 AM

. (As well as at how low voltage the chip totally stops working and how at how high it explodes)

Comedy gold FC

VolanicEruptor

sr. member

Activity: 392

Merit: 250

Not to mention the quality is going to be there because its asicminer. I don't think anyone will worry about running under spec like with Cointerra running at 1.4th/s. Roll Eyes

Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 432. (Read 3917543 times)