Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 458. (Read 3917591 times)
March 14, 2014, 11:47:42 PM
The ASICMINER winter has been a long one... really looking forward to spring...
March 14, 2014, 11:38:12 PM
Why would AM settle for less? As long as miners are profitable they must keep buying the most power efficient chips on the market. I think AM can sustain $0.8 profit per ghs for much longer than one month. The miners' margins and pcb manufacturer margins will need to be eroded first before AM needs to worry.
Well yeah, but fc has stated that pricing will vary according to quantity and time of delivery (price will drop). Especially at the beginning, the chip amount will be limited by supply - they'll charge a higher price, but at some point supply may meet demand.
But even if we assume, there's an unlimited supply of chips, if AM ships 20 PH of chips in 1-2 months, they basically add 1/3 of the total network hashrate, effectively pushing the mining revenue down. After 1600 PH/s, a chip will make less than a 1/30 of what it would as a first-batch chip, no matter how fast AM churns out chips(!). And what about COMPETITORS?! - they'll blow up the total hashrate as well, so we're even talking a 1/60th or 1/100...
$1/GH/s all the way? I don't think so...
March 14, 2014, 09:24:03 PM
Why would AM settle for less? As long as miners are profitable they must keep buying the most power efficient chips on the market. I think AM can sustain $0.8 profit per ghs for much longer than one month. The miners' margins and pcb manufacturer margins will need to be eroded first before AM needs to worry.
Well yeah, but fc has stated that pricing will vary according to quantity and time of delivery (price will drop). Especially at the beginning, the chip amount will be limited by supply - they'll charge a higher price, but at some point supply may meet demand.
But even if we assume, there's an unlimited supply of chips, if AM ships 20 PH of chips in 1-2 months, they basically add 1/3 of the total network hashrate, effectively pushing the mining revenue down. After 1600 PH/s, a chip will make less than a 1/30 of what it would as a first-batch chip, no matter how fast AM churns out chips(!). And what about COMPETITORS?! - they'll blow up the total hashrate as well, so we're even talking a 1/60th or 1/100...
$1/GH/s all the way? I don't think so...
March 14, 2014, 08:08:16 PM
Why would AM settle for less? As long as miners are profitable they must keep buying the most power efficient chips on the market. I think AM can sustain $0.8 profit per ghs for much longer than one month. The miners' margins and pcb manufacturer margins will need to be eroded first before AM needs to worry.
March 14, 2014, 03:00:06 PM
On AM value assuming $0.8 per ghs profit; at 200 PH production = 0.6 Btc per share. Anything more, we will be in Btc heaven.
If we're extrapolating: 1600 PH/s production at a profit of $0.80 per GH/s gives approximately XBT 4.8 per share. Not bad, huh?
If we're really looking at $0.8 profit per GH/s, we have to consider that this is only the price for the first month(s). The price for following batches will be lower, since mining will become less profitable. So only the first, say, 50 PH/s will make $0.8 per GH/s, afterwards we have to settle for less. That being said, it's not completely unreasonable to expect another 0.6 BTC per share coming from gen 3. Which would (still) be perfectly fine in my books...
March 14, 2014, 01:11:36 PM
On AM value assuming $0.8 per ghs profit; at 200 PH production = 0.6 Btc per share. Anything more, we will be in Btc heaven.
If we're extrapolating: 1600 PH/s production at a profit of $0.80 per GH/s gives approximately XBT 4.8 per share. Not bad, huh?
March 13, 2014, 07:09:07 PM
Even if they built on what was already established for building the previous Cube it might cut some development time out.
March 13, 2014, 06:18:32 PM
Asicminer will be back, in a big way, with specs like that.
Personally I'd love an Asicminer Cube ][
Maybe new boards for Cube one... plus a stratum/getwork fix.
Cube 1 was an elegant solution for it's time IMHO. Although not having it's own power supply it put emphasis on where it counted.
Having new boards to just plug into the existing cube to replace the current boards would be very elegant.
March 13, 2014, 06:15:34 PM
Asicminer will be back, in a big way, with specs like that.
Personally I'd love an Asicminer Cube ][
Maybe new boards for Cube one... plus a stratum/getwork fix.
Cube 1 was an elegant solution for it's time IMHO. Although not having it's own power supply it put emphasis on where it counted.
March 13, 2014, 05:47:08 PM
On AM value assuming $0.8 per ghs profit; at 200 PH production = 0.6 Btc per share. Anything more, we will be in Btc heaven.
March 13, 2014, 05:30:16 PM
Btw, it appears rockxie is testing real AM cubes? Which implies sample run is done.
Quote
rock-miner 2 points 7 hours ago
We are testing immersion of Asicminer's cube miner, it's running well, so,both air cooled and immersion are ok, but which type will be choosed will condiser customer's demands and the cost of products.
We are testing immersion of Asicminer's cube miner, it's running well, so,both air cooled and immersion are ok, but which type will be choosed will condiser customer's demands and the cost of products.
Yep that's the part I was implying in speculation interesting news because it means we don't have the concern of deployment and time
Rather we are waiting on the pricing
March 13, 2014, 05:27:01 PM
Btw, it appears rockxie is testing real AM cubes? Which implies sample run is done.
Quote
rock-miner 2 points 7 hours ago
We are testing immersion of Asicminer's cube miner, it's running well, so,both air cooled and immersion are ok, but which type will be choosed will condiser customer's demands and the cost of products.
We are testing immersion of Asicminer's cube miner, it's running well, so,both air cooled and immersion are ok, but which type will be choosed will condiser customer's demands and the cost of products.
March 13, 2014, 05:23:52 PM
The rumor is that batch one is already allocated. I expect sample devices, solo mining, and one or more bulk buyers. We should resume Wednesday celebrations and T-shirt offerings by the end of next month 
My estimates are for an upper limit to profit from this batch of XBT 0.06 per share*. Would that be sufficient to cause celebrations?
* Assumptions: 20 PH batch size, cost $0.20/GH, revenue $0.99/GH, XBT price $650, 400k shares: (20e6*(0.99-0.20)/650)/400000=0.060769
Why not both?
I doubt AM could ever mine with anything close to the targeted 1.6 exahash
Because 20 PH implies 50% of total hash = $400 Million in annual revenue. Even assuming running costs of 50%, that is net $200 Million, equals about .8 Btc per share.
These are static calcs and changes if AM floods the market. Even in market flood scenario, AM would dominate if they mined at more than 50% of hash. The above calcs would hold true.
Disclaimer: I don't know the actual cost of running a mining farm.
March 13, 2014, 05:13:53 PM
First Wednesday in 10 months that I didn't celebrate with a gourmet lunch. Looks like next weds will be the bread line
5. Friedcat watching us laughing his ass off as we make ridiculous uninformed guesses?
Perhaps he may come here for amusement now and then ha-ha and to
Jdany yep seems fine to me
March 13, 2014, 05:10:34 PM
ohh god this thread has just turned full bullish mode.
sky is the limit!
Hold on...sky is the limit!
There ya go
+1 hehehe
just waiting for THIS
March 13, 2014, 05:09:13 PM
http://www.reddit.com/r/Bitcoin/comments/20aocz/rockxie_minerasicminers_gen3_chips_is_coming_now/
fwiw
fwiw
Asicminer will be back, in a big way, with specs like that.
Personally I'd love an Asicminer Cube ][
March 13, 2014, 04:51:19 PM
Is the spreadsheet of AM shareholders still viewable?
March 13, 2014, 04:21:30 PM
ohh god this thread has just turned full bullish mode.
sky is the limit!
Hold on...sky is the limit!
There ya go
March 13, 2014, 03:43:02 PM
ohh god this thread has just turned full bullish mode.
sky is the limit!
sky is the limit!
March 13, 2014, 03:38:49 PM
Either that or you hit the mining hard and drive ROI down to where you have to be friedcat to succeed; but you'll never have the chance since the hash rate friedcat covered his set up costs within are no longer what you're contending with.
Jump to: