ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 433.

silverfuture

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Quote from: bitcoin.newsfeed on April 01, 2014, 03:31:28 PM

Quote from: VolanicEruptor on April 01, 2014, 03:17:14 PM

Isn't that assuming $1/Ghs remains attractive? With a lower exchange rate, the fiat reward for mining becomes less (because those 25BTC blocks are worth less), and so hardware becomes relatively cheaper on the market..

It just seems like it somehow balances out in the end, so BTC price doesn't even matter..

nope. competition is selling ~$3/Gh disconnected from the exchange rate, could be 1000 or 500, doesn't matter for chip sellers(it seems like doesn't matter, risk is always on miner side, they are betting for higher exchange rate in future)

... ASICminer is selling for $1/Gh, i don't know why so horrible cheap, but i am not a boss ...

Keep in mind Asicminer is selling chips for .50-.99/Ghash . Once the pcb's are manufactured and other parts priced in for a complete miner as in the comparisons., it's likely to be higher but still very competitive. I'm sure they will have no problem selling out regardless of short term btc/usd value.

VolanicEruptor

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$1 might not be that great though if there are 2 distributors in between. If Asicminer isn't selling them directly to the end consumer then its not fair to compare with a $3/ghs market price. Anyways I'll shut my mouth now, I have a small amount invested so I don't want to act too bearish..

bitcoin.newsfeed

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Quote from: VolanicEruptor on April 01, 2014, 03:17:14 PM

Isn't that assuming $1/Ghs remains attractive? With a lower exchange rate, the fiat reward for mining becomes less (because those 25BTC blocks are worth less), and so hardware becomes relatively cheaper on the market..

It just seems like it somehow balances out in the end, so BTC price doesn't even matter..

nope. competition is selling ~$3/Gh disconnected from the exchange rate, could be 1000 or 500, doesn't matter for chip sellers(it seems like doesn't matter, risk is always on miner side, they are betting for higher exchange rate in future)

... ASICminer is selling for $1/Gh, i don't know why so horrible cheap, but i am not a boss and all I can do as a shareholder is to write my opinion here and hope that somebody from competent people will be at least thinking about it ...

VolanicEruptor

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Isn't that assuming $1/Ghs remains attractive? With a lower exchange rate, the fiat reward for mining becomes less (because those 25BTC blocks are worth less), and so hardware becomes relatively cheaper on the market..

It just seems like it somehow balances out in the end, so BTC price doesn't even matter..

kaerf

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Quote from: VolanicEruptor on April 01, 2014, 02:51:36 PM

Quote from: Fabrizio89 on April 01, 2014, 10:09:33 AM

Great timing anyway, with Bitcoin at its low in this hypecycle.

I have a hard time understanding why a low BTC price is a good thing for you guys right now. Please explain?

AM prices in dollars. A lower exchange rate should mean a higher bitcoin div.

bitcoin.newsfeed

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Quote from: VolanicEruptor on April 01, 2014, 02:51:36 PM

I have a hard time understanding why a low BTC price is a good thing for you guys right now. Please explain?

With 479 BTC/USD exchange rate we're looking at 0.01 - 0.1 dividend per share only from batch 1 (if everything is sold for 0.99$/Gh)

so if you don't need or plan convert dividends to fiat, but you want to HODL, or reinvest, its good.

Mabsark

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Quote from: VolanicEruptor on April 01, 2014, 02:51:36 PM

Quote from: Fabrizio89 on April 01, 2014, 10:09:33 AM

Great timing anyway, with Bitcoin at its low in this hypecycle.

I have a hard time understanding why a low BTC price is a good thing for you guys right now. Please explain?

Some of us don't have more money than sense, therefore we can now buy more bitcoins and more AM shares.

VolanicEruptor

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Quote from: Fabrizio89 on April 01, 2014, 10:09:33 AM

Great timing anyway, with Bitcoin at its low in this hypecycle.

I have a hard time understanding why a low BTC price is a good thing for you guys right now. Please explain?

dhenson

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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.

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Quote from: minerpumpkin on April 01, 2014, 10:12:53 AM

Quote from: willBTC on April 01, 2014, 02:46:01 AM

"The chip have passed all the functionality tests " means the tape-out is successful and the biggest risk for chips have gone, right ?

Yes, it means that tape-out was successful. A rough outline showing the importance of the news: https://bitcointalksearch.org/topic/m.5968245

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.

mc_lovin

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Friedcat should send out a massive div as an april fools joke today

VeeMiner

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bitcoin hodler

taking a deep breath before awesome dividends

minerpumpkin

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A pumpkin mines 27 hours a night

Quote from: willBTC on April 01, 2014, 02:46:01 AM

"The chip have passed all the functionality tests " means the tape-out is successful and the biggest risk for chips have gone, right ?

Yes, it means that tape-out was successful. A rough outline showing the importance of the news: https://bitcointalksearch.org/topic/m.5968245

Fabrizio89

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Great timing anyway, with Bitcoin at its low in this hypecycle.

klondike_bar

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ASIC Wannabe

Quote from: bitcoin.newsfeed on April 01, 2014, 09:40:58 AM

Quote from: Zubilica on April 01, 2014, 05:11:14 AM

Well, this week i predict 0.00000000 BTC divs.

So if I understand current situation, and where we are in the cycle, sample chips were shipped to the many clients/manufacturers last week or yesterday. And also ASICminer is testing them. Questions are : Were the sample chips sent out for free?(Wasp, did you pay anything for samples? If yes, what was the price per Gh?). And meanwhile if AM is testing/hashing with them, where are they mining?

I imagine the sample chips were likely free for wasp and any other big designers. $100 worth of chips is worth giving away if that person comes back looking for 10,000 more

Fabrizio89

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Well at this point I don't think we will see many payments to known asicminer addresses, probably the revenue will be sent the same day before sending dividends. Anyway we are still waiting for the last updated regarding chip specifications, so there will take some time for profits still I guess.

bitcoin.newsfeed

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Quote from: Zubilica on April 01, 2014, 05:11:14 AM

Well, this week i predict 0.00000000 BTC divs.

So if I understand current situation, and where we are in the cycle, sample chips were shipped to the many clients/manufacturers last week or yesterday. And also ASICminer is testing them. Questions are : Were the sample chips sent out for free?(Wasp, did you pay anything for samples? If yes, what was the price per Gh?). And meanwhile if AM is testing/hashing with them, where are they mining?

necro_nemesis

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In other news, RockMiner put up a blog.
http://blog.rockminer.com

Zubilica

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Well, this week i predict 0.00000000 BTC divs.

necro_nemesis

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It's a significant bound but utility has yet to be determined from testing performance and efficiency.

Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 433. (Read 3917543 times)