ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 608.

empoweoqwj

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Quote from: BitFlow on November 08, 2013, 10:52:50 PM

This might be a bit off topic, but I have no idea where else to ask. Does anyone know where I can find potential sellers of ASICMINER direct shares? I want to buy some.

Why not buy at Havelock and then convert yourself? Its not much of a market but the best thing we have right now.

wmcleod

newbie

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can anyone provide a sum of what's transpired with asicminer over the last few days? thanks

BitFlow

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This might be a bit off topic, but I have no idea where else to ask. Does anyone know where I can find potential sellers of ASICMINER direct shares? I want to buy some.

neilol

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Quote from: SebastianJu on November 08, 2013, 05:45:21 PM

I wonder if the current price of bitcoins shouldnt lead to the stop of divs kept back.

A good point, or at least accelerate the rate they are acquiring funds. Likely wont since we have no public threshold. R&D funding is done whenever FC says.

SebastianJu

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Legendary Escrow Service - Tip Jar in Profile

I wonder if the current price of bitcoins shouldnt lead to the stop of divs kept back.

AM4Bitcoin

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No the last balance sheet shows 5484 bitcoins. They also have $ and ¥, i think they just convert what they need for the expenses.

AMuppInTime

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Quote from: glendall on November 08, 2013, 04:41:29 PM

..,
while your BTC reserves are growing fast
...
Asicminer's BTC reserves aren't going to be evaporating on their own and they only have one chance to make their next gen chip, they have to do it right.

I think it was mentioned previously that asicMiner does not store BTCs but converts to Fiat right away - can anyone confirm that?

binaryFate

legendary

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Still wild and free

Quote from: hlynur on November 08, 2013, 04:48:30 PM

Quote from: bitcoin.newsfeed on November 08, 2013, 03:34:06 PM

Just small detail. At first we need a working competitive chips, then we're able deploy something and/or use that containers.

here comes the partypooper Cheesy

you're right but nevertheless it feels good as a shareholder to see the scale AM's research is aiming at.

It feels VERY good

Much better than the previous pictures of the first wharehouse...

hlynur

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Quote from: bitcoin.newsfeed on November 08, 2013, 03:34:06 PM

Just small detail. At first we need a working competitive chips, then we're able deploy something and/or use that containers.

here comes the partypooper Cheesy

you're right but nevertheless it feels good as a shareholder to see the scale AM's research is aiming at.

jawnzer

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Quote from: freedomno1 on November 08, 2013, 03:13:09 PM

Quote from: hephaist0s on November 08, 2013, 10:07:34 AM

Quote from: Rival on November 08, 2013, 08:35:05 AM

FC is so far ahead of the curve he is beyond the horizon.

Yes. And AM is the only company showing sings of trying to implement a strategy for years, not months, into the future. This is endgame stuff.

I pretty much share this sentiment it is a very long term strategy not focused on the short term hardware war but the long term stabilization of market (So short bear long bull) in other words I see AM being around for a while and Friedcats whole strategy is long not short. He is convinced that ASIC mining will move to this scale and wants to be the first on the curve for the eventuality that will come.

Also no other securities in the mining sphere have long term goals beyond that of increasing hashrate on miners so it is an industry first.
(Although I stand to be corrected if there is something I missed)

Couldn't have said it any better.

glendall

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Buzz App - Spin wheel, farm rewards

On the other hand, it's not a inconceivably dumb move to sit back and work on cooling plans and other projects such as the exchange while your BTC reserves [edit:] "are appreciating against USD" ~~are growing fast~~ steadily and you can afford to find the top talent, make the right chip at the right time and then kick things into overdrive. This may be a smarter move than rushing from behind to launch a chip that is on par with what is available...

Asicminer's BTC reserves aren't going to be evaporating on their own and they only have one chance to make their next gen chip, they have to do it right.

At this point it doesn't matter as much WHEN you come to market, the ASIC 'new tech' rush is over. Now what matters is how your chip compares to the competition when it comes out. Not sure if that is, was, or could be FC's plan but just saying as I did before that all is not lost if you bide your time with big cash reserves to jump into something at the right time, as opposed to stumbling into a contest you can't win by trying to rush to market.

bitcoin.newsfeed

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Just small detail. At first we need a working competitive chips, then we're able deploy something and/or use that containers.

freedomno1

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Learning the troll avoidance button :)

Quote from: hephaist0s on November 08, 2013, 10:07:34 AM

Quote from: Rival on November 08, 2013, 08:35:05 AM

FC is so far ahead of the curve he is beyond the horizon.

Yes. And AM is the only company showing sings of trying to implement a strategy for years, not months, into the future. This is endgame stuff.

I pretty much share this sentiment it is a very long term strategy not focused on the short term hardware war but the long term stabilization of market (So short bear long bull) in other words I see AM being around for a while and Friedcats whole strategy is long not short. He is convinced that ASIC mining will move to this scale and wants to be the first on the curve for the eventuality that will come.

Also no other securities in the mining sphere have long term goals beyond that of increasing hashrate on miners so it is an industry first.
(Although I stand to be corrected if there is something I missed)

Vycid

sr. member

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♫ the AM bear who cares ♫

Quote from: Rival on November 08, 2013, 10:26:02 AM

Buy when there is blood on the streets. It is pennies on the dollar.

There's been an awful lot of blood. I offer an alternative aphorism.

"Never love a stock, because it won't love you back."

bitsalame

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Preaching the gospel of Satoshi

Quote from: ex-trader on November 08, 2013, 04:08:56 AM

Great looking product, fascinating concept, but as stated by others I really fail to see any huge application or sales for it.

No-one other than Bitcoin miners needs such a product, so there's no outside market. It clearly isn't viable for most home miners, so it's limited to a small number of large-scale miners and AM themselves. So whats the market globally for these - half a dozen?

It also only helps cool mining operations more effectively, so won't sell anymore chips or change ROI, since ROI on most chips doesn't happen even if electricity was free.

It's only tangible benefit will be to AM's own mining operations to reduce electricity costs, which in the long-term become more of a relative issue, but this could still be better solved and beaten by mining operations that simply exist in areas of cheaper electricity or where less cooling is required eg data-centres in cold areas.

Sure?
1) http://phys.org/news/2012-09-intel-math-oil-dunk-cooler-servers.html
2) http://www.datacenterknowledge.com/archives/2012/12/21/facebook-tests-immersion-cooling/

Yeah, no market at all.

Bargraphics

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Every man is guilty of all the good he did not do.

Quote from: cs54 on November 08, 2013, 11:32:59 AM

So basically, Friedcat is Heisenberg, and he's moving operations to the Winnebago. Amazing.

Heisencat?

cs54

member

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So basically, Friedcat is Heisenberg, and he's moving operations to the Winnebago. Amazing.

Puppet

legendary

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Quote from: ?? on ??

That reminds me of https://en.wikipedia.org/wiki/Sun_Modular_Datacenter

Yep. I was looking in to similar solutions to put somewhere with cheap electricity.
There are many suppliers, prices are harder to find. But this caught my attention, just to have a reference point:
http://www.theregister.co.uk/2011/09/15/data_centre/

The smallest SGI solution costs $100K and provides room and cooling for 204 U and 148KW or 51 Terraminer IV's.
Thats actually fairly affordable.

By comparison, grcooling offeres a submersion cooling container for $2/W
http://www.grcooling.com/docs/2013-07-09-Containerized-CarnotJet-Systems-Now-Available-from-Green-Revolution-Cooling.pdf

$2 * 148K = ~$300K

3x more expensive for the same capacity.

Now Im not saying it cant be done cheaper for either approach, but Im not so convinced submersion is the way to go.

LainZ

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@WiRED

Still "Inventing it" friedcat, well done.

aahzmundus

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Invest & Earn: https://cloudthink.io

Questions is now... do I save up and buy that board seat now? Or give up on that dream XD

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