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Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 612. (Read 3917468 times)

legendary
Activity: 1834
Merit: 1094
Learning the troll avoidance button :)
Left over dust ? What where. As a former btct user am I eligible.

I'm assuming he's talking about the transaction fee hold-back.  If I remember correctly it was around .002 per user.

0.00150000
Transaction fee of 0.0001
You get an e-mail on the spare change the last BTC-TC Withdrawal Notification‏ you will ever see
legendary
Activity: 994
Merit: 1000
Left over dust ? What where. As a former btct user am I eligible.

I'm assuming he's talking about the transaction fee hold-back.  If I remember correctly it was around .002 per user.
legendary
Activity: 1078
Merit: 1002
Bitcoin is new, makes sense to hodl.
Left over dust ? What where. As a former btct user am I eligible.
newbie
Activity: 12
Merit: 0
Guys stop trying to push the price one way or another.
All scenarios for AM are possible!

AM might develop a good chip and win back decent network share
or AM might not develop a competitive chip and forfeit that goal.

The planned exchange platform can be something huge
or bitcoin's built-in exchange might kill that venture as well.

We simply don't know and we learned that FC won't say a word in advance.
Thus the value of this venture can be anything. From null to the moon.

To better visualize the concept of zero value recall how promising burnside's btct.co looked like. Especially after he started to legalize all aspects of the exchange.
But the day came when everything collapsed to near zero value in an instant. I hope that won't happen!

Think also about how would you feel in his shoes. Having all those earned bitcoins in his wallets. It would be itchy to go on some adventuring. Maybe even going to the moon literally.


Thank you for some much needed grounding in this thread. AM certainly is a null to da moon situation. I trust FC and burnside who just sent me the bitcoin leftover dust on btct, what a solid. Take a deep breath everyone. Panic holding indeed.
full member
Activity: 223
Merit: 100
Guys stop trying to push the price one way or another.
All scenarios for AM are possible!

AM might develop a good chip and win back decent network share
or AM might not develop a competitive chip and forfeit that goal.

The planned exchange platform can be something huge
or bitcoin's built-in exchange might kill that venture as well.

We simply don't know and we learned that FC won't say a word in advance.
Thus the value of this venture can be anything. From null to the moon.

To better visualize the concept of zero value recall how promising burnside's btct.co looked like. Especially after he started to legalize all aspects of the exchange.
But the day came when everything collapsed to near zero value in an instant. I hope that won't happen!

Think also about how would you feel in his shoes. Having all those earned bitcoins in his wallets. It would be itchy to go on some adventuring. Maybe even going to the moon literally.
hero member
Activity: 770
Merit: 509
more like anxious bagholder? +1

gen2 lol... good luck with that... knc and bitfury will have friedcat for lunch by the time your gen2 is out...

KNC? You mean the people who sold Jupiters that could only hash at half the stated hashrate and sometimes even exploded? Bitfury does without a doubt pose a threat to asicminer but I would not say too big of a worry because they will not be able to achieve the cost efficiency of AM.

If calculate the ROI of the gen1 cube from AM you will notice that it is nearly as efficient as jupiters ("superior 28nm tech") assuming that the jupiters are even hashing at the advertised rate.

No asic company has a track record as solid as AM.

So by time AM does finally get 28nm chips (probably gen3) , they will be a hell of a lot better and cheaper than bitfury/knc.

hero member
Activity: 833
Merit: 1001
more like anxious bagholder? +1

gen2 lol... good luck with that... knc and bitfury will have friedcat for lunch by the time your gen2 is out...

+1 nice summary..  Cheesy

Compared to the last financial report:

- Mining revenue is decreasing rapidly; in fact it is less than a third of the reported revenue on the last fin. report
- Hardware sales are inline, -i.e not increasing at all and not increasing to cover mining loses
- Expenses are way up
- Plus no plan for the future has been reported.
- Shrinking revenues is not a good thing to see on a bitcoin-related company.

Conclusion: this time selling shares is justified. Owning shares is a high risk now.

Horrible summary..

AM has the equivalent of 4million USD just waiting to be spent on next gen hardware currently in R&D phase.

"expenses are way up" source?
"no plan for the future" FC has definitely set a clear path for AM future which will result in gen2 asics which will be much more efficient than current gen from AM.

Unjustified panic? +1
hero member
Activity: 770
Merit: 509
+1 nice summary..  Cheesy

Compared to the last financial report:

- Mining revenue is decreasing rapidly; in fact it is less than a third of the reported revenue on the last fin. report
- Hardware sales are inline, -i.e not increasing at all and not increasing to cover mining loses
- Expenses are way up
- Plus no plan for the future has been reported.
- Shrinking revenues is not a good thing to see on a bitcoin-related company.

Conclusion: this time selling shares is justified. Owning shares is a high risk now.

Horrible summary..

AM has the equivalent of 4million USD just waiting to be spent on next gen hardware currently in R&D phase.

"expenses are way up" source?
"no plan for the future" FC has definitely set a clear path for AM future which will result in gen2 asics which will be much more efficient than current gen from AM.

Unjustified panic? +1
hero member
Activity: 833
Merit: 1001
+1 nice summary..  Cheesy

Compared to the last financial report:

- Mining revenue is decreasing rapidly; in fact it is less than a third of the reported revenue on the last fin. report
- Hardware sales are inline, -i.e not increasing at all and not increasing to cover mining loses
- Expenses are way up
- Plus no plan for the future has been reported.
- Shrinking revenues is not a good thing to see on a bitcoin-related company.

Conclusion: this time selling shares is justified. Owning shares is a high risk now.
hero member
Activity: 770
Merit: 501
Over a million views Smiley

Cheers to friedcat, the next million views and the fuzzy future!



legendary
Activity: 1512
Merit: 1012
Still wild and free
Over a million views Smiley

Didn't notice... Wow  Smiley
legendary
Activity: 1176
Merit: 1001
CryptoTalk.Org - Get Paid for every Post!
Quote
Currently almost 70% of all Bitcoins mined today are being created upon KnCMiner hardware, distributed to customers in over 120 countries globally.

... Does KnC still plan to stop shipping sometime to let their customers get ROI?  If they hold to that, could be a interesting self imposed fall from the top for them.

They carefully worded that Network Protection Statement to leave themselves with an out to keep selling hardware:

https://www.kncminer.com/news/news-24

Quote
We would like to state that If any of our competitors continues to add large amounts of hashing power to the network during December, January or February. We will continue to release our devices as competitively priced as we can to protect our customers share of the network.

The term "large" is relative, so it can be interpreted liberally; i.e., it means whatever KnC want it to mean.

Releasing more devices might protect their customers' total share of the network, but individual customers only care about their own personal share of the network. Individual KnC customers are competing for a share of the network with other KnC customers as much as they are with miners using devices from other manufacturers. Selling more hardware will do nothing to protect their customers, it'll dilute their returns further.

It's a warm fuzzy statement that promises nothing and isn't enforceable, so I would assume that they have no intention of denying themselves of profit. If I was one of their investors and they didn't try to maximize profit I'd sack management.
legendary
Activity: 1442
Merit: 1001
Quote
Currently almost 70% of all Bitcoins mined today are being created upon KnCMiner hardware, distributed to customers in over 120 countries globally.

... Does KnC still plan to stop shipping sometime to let their customers get ROI?  If they hold to that, could be a interesting self imposed fall from the top for them.

KNC isn't going to stop shipping unless no one else is shipping during the same time. Your guess is as good as mine as to who's shipping products in Dec, Jan, Feb.
member
Activity: 112
Merit: 10
i dont see dividend for 6th , what happen?
I have received a 0.0029 something today. I'm assuming this is the AM dividend.
member
Activity: 84
Merit: 10
Knowledge on latest technology node (FinFETs, 20nm, 16nm) is a plus[/i]
There isn't enough money in all of Bitcoin to fund this...
sr. member
Activity: 242
Merit: 250
i dont see dividend for 6th , what happen?
legendary
Activity: 980
Merit: 1040
BTCGARDEN fail : " our ASIC miner hardware is suffering a very big BUG,here it is"
https://bitcointalksearch.org/topic/m.3448394

Sounds like a firmware issue to me, not a big deal. Its not like KnC didnt have those.

Quote
& In the same time Cointerra *fired their whole R&D team

Dont be silly. They are hiring for the next generation chip, 20/16nm.
Hiring: Lead Physical Design Engineer for Next Gen ASIC
..
Knowledge on latest technology node (FinFETs, 20nm, 16nm) is a plus

hero member
Activity: 644
Merit: 500
Invest & Earn: https://cloudthink.io
Quote
Currently almost 70% of all Bitcoins mined today are being created upon KnCMiner hardware, distributed to customers in over 120 countries globally.

... Does KnC still plan to stop shipping sometime to let their customers get ROI?  If they hold to that, could be a interesting self imposed fall from the top for them.
sr. member
Activity: 378
Merit: 250
Seems like Bitfury is eating everybody's lunch at this point in time. No doubt it will be an interesting race to follow.

Yes. And meanwhile they are developing their gen2 chip ... with massive influx of funds from 20%(official) of network and without responsibilities to any shareholder.
hero member
Activity: 518
Merit: 500
Every man is guilty of all the good he did not do.
* I think that the only reason, why AM lost 10%+ of the network(which caused lower divs and then share price) is massive failure in Gen2 chip design which hit the whole mining industry, not just ASICminer (look at Cointerra, HashFast, BTCGARDEN, BFL and LabCoin)

Are you suggesting that there's a relation between these failures?

Could be, why not. We don't have official news, so it's worth thinking about. I think some of them are cooperating behind the curtains. Especially those in China. It may not be wrong at all. Friedcat said "We met with two other groups making 65/55nm in China interested in collaboration", also from BTCGARDEN FAQ site "We also had some contacts with them(AM) through either IM tools or in person". ...

BTCGARDEN fail : " our ASIC miner hardware is suffering a very big BUG,here it is"
https://bitcointalksearch.org/topic/m.3448394

In the same time AM Gen2 fail

& In the same time Cointerra *fired their whole R&D team
https://bitcointalksearch.org/topic/m.3495875

I don't follow HashFast but i read somewhere that they have some 2months delays or what ... and no comment about Labcoin, i think they are also from China.

Seems like Bitfury is eating everybody's lunch at this point in time. No doubt it will be an interesting race to follow.
https://www.kncminer.com/news/news-63
Quote
Currently almost 70% of all Bitcoins mined today are being created upon KnCMiner hardware, distributed to customers in over 120 countries globally.
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