Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 606. (Read 3917468 times)

That and the looming shadow of the SEC over the exchanges

Truth.

But I don't so much mind the naysayers. Leads to people panic selling = more cheap shares for those of us who still believe in AM's upside potential.

When things go up, nobody really cares about communication.

When things go down, everyone wants to be reassured.

I believe ASICminer Will rise high again. We have seen nothing yet as a company that is capable of doing the things of this company is capable of. It is probably fair to say that at 5 bitcoins a share it was overpriced. If the bitcoins stay at $300 a coin I would say that at 3.5 coin a share would be right where it belongs. I just cannot stand all of the naysaying that I read here,  please stop. This is a company that has made a lot of people rich and a lot of people upset chasing the Dragon. However it is just like any other turbulent company with it's ups and downs. With the recent things that ASICminer has done it could be one of the most advanced companies in the world for one of the most advanced things in the world,  bitcoin mining. I hope you read this friedcat and you know that there are supporters still and that we are behind you but we need more communication. Communication will be the key to keeping this company going strong. If you stop communicating then the shares will drop. I for one am hanging on to my shares until I feel completely satisfied with this company will no longer produce.BTC

hey guys. I'm casual and i have 1 share. can some1 tell me what I need to do to keep my share?

You make it sound as if plugging in power supplies and lan cables is the tricky and expensive part, while producing 28nm chips is the cheap and easy part. You may want to rethink that. To answer your hypothetical question: KnC could do that, their datacenter is right next to their assembly plant, Cointerra claim they will be able to do that.

But even if the datacenter is at the other part of the globe, you are only shaving off a few days, possibly weeks of deployment time, while AM is many months behind the competition.

AM had 30% for a while, 20% for longer than that, and over 10% even longer than that.
What percentage was he "supposed" to have?

Do you know of any asic that can make a profit? Literally every asic sold as of now and probably in the future will not "make a profit" but people realize this and are ok with it. AM has delivered the hashrate AM was supposed to have.. At one point AM had 20% of the network hashrate but then when the "gold rush" begain with bfl shipping AM sold a bunch of asics that might or might not reach ROI and made a substantial profit to fuel next gen research and development..

You need to understand the costs involved with running an Asic business. FC started with 144nm tech which they got out faster than any other asic manufacturer and that payed off. You say that nothing has been announced but this is completely inaccurate. We know exactly what AM is planning to do which is investing in gen2 chips that will use either 65/55/45nm tech and then gen3 which is 28nm announced for 1st quarter of 2014. If you haven't noticed the Asicminer cube is nearly as efficient as anything on the market right now but that doesn't mean AM can profit from using 144nm tech any further for solomining. They already filled their datacenter and are now waiting for gen2 to simply swap out the old tech with the new.

But please keep reading your source that provides literally no facts and keep spreading misinformation on the forum.

No your watching revisionist tv.  FC has never ever ever delivered the network hashrate AM was suppose to have mining.  FC has never sold an item with a fair price that offered break even value given the difficulty.  Also, most people aren't asking for "daily communication", but would like to know why the fuck they shouldn't sell their share given there has been nothing offered up but something "amazing" is coming and "wait till the next announcement"

P.S. fuck you if your response is "It's more profitable to rip our customers off than to mine with our equipment" (Why mine with something you know will not return more money than you can rape a bunch of "losers" (sarcasm) for?")

how to export my AM shares and sell? and what's the Fredcat's email address?

Cooling aside, don't forget the infrastructure side of things. Assuming the plan is at least half baked and nothing happens to Bitcoin, this will be a super "super duper money maker".

The first system is tested with gen1 blades and basically just sits there waiting for something more powerful to come up. When AM gets new hardware, they can simply deploy the new boards where the 5000 gen1 blades are now sitting, the doc states they can handle the power and heat. The factory is probably a stone throw away from the farm. They don't even need to touch a power supply or LAN cable. That's how cloud hardware  should be built IMHO. If truly mobile, they could populate the farm at a factory and move it to the data center without work being done there. Or just park the container near a power feed and plugin an internet connection. This process can be repeated as many times as needed till the end-game.

Not sure on the 40nm or 28nm specs, but if it would be anything like KNC Jupiter (4 boards per 550GH/s unit?) they'd be replacing more than 5000*10.7Gh/s with over 678,500 GH/s within a matter of days or even hours (assuming they have enough Chinese factory workers to stick 5000 boards into backplanes). They don't even need to install a single power supply or LAN cable, it's already there. Who else could do that, and how? As the document said, "its implications go beyond this simple description". I think the question is not if it happens, it is when it happens. For all we know, if the container means anything there could be multiple locations doing the same thing at the same time.


FC has so far over-delivered not only once. They only sell what they have, they don't hype...
If we force him to spend his time communicating things that may change at a later point, or holding our hands on a daily basis, we are forcing him to give up one of the big advantages that we have.

Sure. But i get allergic about this noncommunicating behaviour in bitcoin land. Im switching between anger and resigning on this topic. What would i give for securities that consequently communicate even in the later stages...

Ha, that sounds like all the complaints about yxt. Very honest people, but at times just a tad too silent.
Better than the other way around, at least!

You know, people change, at the start he was a smart China geek, now thanks to the bitcoin community, he is sitting on one of the biggest stacks of btc worth millions, this can definitely change the man ... but who knows, maybe its just a shortage of time instead of lack of care about humble shareholders.

Like others, I would also like the regular updates. Now its Sunday in China and we'll likely see CUBE announcement, maybe with some other news ? Lets see

The divs are just peanuts now, and will certainly get closer to zero soon. This is only for a period of time, but meanwhile who cares if we get 0.001 instead of 0.002? Or even zero? FC could retain 100% that would be ok for me: I believe he'll make a proper use of it, while on my side it would be just a bit of dust currently.

AM has the biggest income from selling since a longer time. And the going down of divpayments are pretty consisting. We dont have the sales figures, it only shows in divs. So when friedcat retains we wont check it.
AM might have much money but friedcat stated they want to collect much funds to fund the development of newer tech and all the employees for this. Something like that.

I might be wrong but im relatively sure we would see at least a light jump in divs once the retaining stops.

I really would like to see friedcat communicating... i didnt get an answer to my latest pm too. He was different at the start of asicminer. He answered all pm's. I liked that definitely more. Maybe he doesnt know how to delegate.

Hmm... AM is having a lucky mining day.

Not mining, but possibly hardware sales.

It's not really the time to worry about a 10% difference in divs (number totally made up), they're going down to zero ATM. Mining revenue is exponentially decreasing and so is hardware sale revenue (since the price is tied to the potential mining revenue generated by the equipment).

Hopefully AM will rise again, but now, it's winter time.

You say bigger divs ... from where? BTCs aren't growing on trees, AM has BTCs from mining,sales and franchising.

1. Please show me from where should be these BTC retained?
2. And tell me for what? AM has already millions cash on accounts another millions in products and thousands of BTCs surplus in AM wallets, check last financial statement

I hope to change that.  It probably will be impractical for "the what is a Bitcoin, I just want to buy something, push a button, and get lots of coinz" miner but for the hobbyist I think it is possible (not certain but possible) for immersion cooling to be used.  There is an added bonus for home use of immersion cooling and that is using the waste heat.  A moderate sized rig has sufficient thermal output to provide a home with "free" (or at least 0 energy cost) hot water and/or whole house heating.

As for AM immersion cooling operation.  People shouldn't assume it is a slam dunk super duper money maker.  The economics are challenging however there are two potential bright spots:

1) Immersion cooling at its simplest form is a tank with fluid, a condenser and some mechanism to remove heat from the condenser (i.e. chilled water supply, freon, warm water) .  As hardware evolves old hardware can be replaced with new hardware.  Hardware from one vendor can be replaced with hardware from another vendor.  If it can fit in the tank it can be cooled with immersion cooling.  Compare this to heatsinks, heatpipe coolers, and waterblocks.  They are generally work on a specific system and must be scrapped when the board is obsolete.  Try mounting a Avalon heatsink on a Hasfast mining board.  The capital costs of immersion cooling are higher but they have a long lifespan long enough to support multiple generations of ASIC hardware.  The tank itself has no moving parts and the mechanism for cooling the condenser can be adapted to the location.

2) SHA-2 ASICS are extremely energy dense and the the density has been rising.  One reason that immersion cooling has never caught on in the server world is that while a server may use a lot of power (say 1200W for high end quad core, high memory server) it occupies a relatively large volume.  This mean a large amount of (very expensive) working fluid is needed.  Now one "could" redesign a server to be more compact but then you trade reduced fluid cost for higher custom fabrication costs.  It is a lose-lose without massive (i.e. millions of servers) economies of scale.   Bitcoin ASICs are very energy dense and getting more energy dense.  Take a look at HashFast or Cointerra.  300W+ in a board that is 100mm by 300mm.  This brings its own complications.  We have gone from low capacity heatsinks and fans (ASICMiner/Avalon) to Copper Heat Pipe CPU Coolers (KNC) to Waterblocks (HF & Cointerra).