Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 676. (Read 3917468 times)
September 30, 2013, 11:01:30 AM
I'm trying to understand why ASICMINER is waiting to decide on the order size for Gen2... given the opportunity cost of not mining blocks and the, presumably, low cost of manufacturing the equipment... shouldn't the order size for Gen2 just be "as much as humanly possible given ASICMINER's budget"? What would the rationale for choosing a smaller order size be?
September 30, 2013, 10:17:12 AM
I can confirm that Friedcat uses the term "deploy" loosely to mean any means of getting the hashes onto the network (selling, implementing, franchising, etc).
September 30, 2013, 09:09:35 AM
But discussion was initially about gen1 500TH/s. Which is supposed to be "deployed" (hashing, sold, franchised) in october. So the price around $12-$14 per GH/s stays valid.
"Deployed" does not mean sold. It means it's hashing for AM.
But friedcat never said 500TH will be "deployed" in october, this is what he said:
Quote
• We made an order of another brand of power chips which are about two weeks late. In October this will provide another 500TH/s (Gen1).
I'd really like to know how much they're actually planning to deploy.
Has friedcat ever said that when he uses the term "deploy" he is referring to self-mining?
In this post: https://bitcointalksearch.org/topic/m.2984489 when answering the last question he seems to be referring to franchising,
The term "deploy" sounds ambiguous and I've asked about this term in the past. (https://bitcointalksearch.org/topic/m.2612040) It just seems to cause confusion.
September 30, 2013, 09:05:41 AM
"Deployed" does not mean sold. It means it's hashing for AM.
According to a well-informed source, the 500TH deployed does include units sold, franchised and/or hashing for AM. It's all inclusive.
Not at liberty to name the source, but I really have nothing to gain or lose by stating this information. Just throwing it out there.
Right...
September 30, 2013, 08:39:50 AM
"Deployed" does not mean sold. It means it's hashing for AM.
According to a well-informed source, the 500TH deployed does include units sold, franchised and/or hashing for AM. It's all inclusive.
Not at liberty to name the source, but I really have nothing to gain or lose by stating this information. Just throwing it out there.
September 30, 2013, 07:33:21 AM
September 30, 2013, 07:32:06 AM
No blocks for 7 hours 
September 30, 2013, 05:45:07 AM
But discussion was initially about gen1 500TH/s. Which is supposed to be "deployed" (hashing, sold, franchised) in october. So the price around $12-$14 per GH/s stays valid.
"Deployed" does not mean sold. It means it's hashing for AM.
But friedcat never said 500TH will be "deployed" in october, this is what he said:
Quote
• We made an order of another brand of power chips which are about two weeks late. In October this will provide another 500TH/s (Gen1).
I'd really like to know how much they're actually planning to deploy.
September 30, 2013, 12:48:56 AM
I have no idea what you are talking about. Cointerra's current price is $3/GH for January delivery. Correct?
If this is about whether or not Cointerra will actually make good on that delivery, that is another subject entirely, and we have entered the realm of hypotheticals rather than facts.
I would remind you that AM is not presently delivering Gen 2 hardware either, but nobody seems to have any problems with assuming that will happen on schedule. It seems only appropriate that we compare Cointerra's hypothetical hardware with AM's hypothetical hardware. If we have the current price for one, we can infer the value of the other.
But discussion was initially about gen1 500TH/s. Which is supposed to be "deployed" (hashing, sold, franchised) in october. So the price around $12-$14 per GH/s stays valid.
One possibility is that the 500 TH/s is sold in October. That 500 TH/s is worth $14 per share, or 0.10 dividends per share according to the absurdly high Gox rate, assuming the current conservatively-estimated market price of hashpower drops in half. If we note that lower denominations of hashpower are irrationally priced higher by the market, and if we value by Bitstamp, we can get up to 0.15 per share...
Another possibility, of course, is that we simply mine with that hashpower, putting us back in the ~20% share of network range, which is a good place to be as well.
I am looking forward to October.
Another possibility, of course, is that we simply mine with that hashpower, putting us back in the ~20% share of network range, which is a good place to be as well.
I am looking forward to October.
Ah, you are correct. I think there was some confusion about whether we were talking about Gen 1 or Gen 2 in the last couple of pages.
September 30, 2013, 12:45:35 AM
I have no idea what you are talking about. Cointerra's current price is $3/GH for January delivery. Correct?
If this is about whether or not Cointerra will actually make good on that delivery, that is another subject entirely, and we have entered the realm of hypotheticals rather than facts.
I would remind you that AM is not presently delivering Gen 2 hardware either, but nobody seems to have any problems with assuming that will happen on schedule. It seems only appropriate that we compare Cointerra's hypothetical hardware with AM's hypothetical hardware. If we have the current price for one, we can infer the value of the other.
But discussion was initially about gen1 500TH/s. Which is supposed to be "deployed" (hashing, sold, franchised) in october. So the price around $12-$14 per GH/s stays valid.
One possibility is that the 500 TH/s is sold in October. That 500 TH/s is worth $14 per share, or 0.10 dividends per share according to the absurdly high Gox rate, assuming the current conservatively-estimated market price of hashpower drops in half. If we note that lower denominations of hashpower are irrationally priced higher by the market, and if we value by Bitstamp, we can get up to 0.15 per share...
Another possibility, of course, is that we simply mine with that hashpower, putting us back in the ~20% share of network range, which is a good place to be as well.
I am looking forward to October.
Another possibility, of course, is that we simply mine with that hashpower, putting us back in the ~20% share of network range, which is a good place to be as well.
I am looking forward to October.
September 30, 2013, 12:35:34 AM
I apologize people if my language is that bad but I thought "Current" is about the present and not the future? 
Yes. Cointerra's price in the present. You can go see this current price, right here: http://cointerra.com/. It is not a hypothetical price.
If they change the price tomorrow, then $3/GH will no longer be the current price.
Your language must be very different from English.
so they accept this price to deliver in January and not now. And that makes it "the present"....... hmm now how does this sound like...... kinda remind me of BFL or something.....
This is Bitcoin land. until the hardware is in hand and hashing it is all just speculation. look at ASICMINER share prices!
I have no idea what you are talking about. Cointerra's current price is $3/GH for January delivery. Correct?
If this is about whether or not Cointerra will actually make good on that delivery, that is another subject entirely, and we have entered the realm of hypotheticals rather than facts.
I would remind you that AM is not presently delivering Gen 2 hardware either, but nobody seems to have any problems with assuming that will happen on schedule. It seems only appropriate that we compare Cointerra's hypothetical hardware with AM's hypothetical hardware. If we have the current price for one, we can infer the value of the other.
September 29, 2013, 11:51:17 PM
I apologize people if my language is that bad but I thought "Current" is about the present and not the future?
Yes. Cointerra's price in the present. You can go see this current price, right here: http://cointerra.com/. It is not a hypothetical price.
If they change the price tomorrow, then $3/GH will no longer be the current price.
Your language must be very different from English.
so they accept this price to deliver in January and not now. And that makes it "the present"....... hmm now how does this sound like...... kinda remind me of BFL or something.....
This is Bitcoin land. until the hardware is in hand and hashing it is all just speculation. look at ASICMINER share prices!
September 29, 2013, 11:46:43 PM
I apologize people if my language is that bad but I thought "Current" is about the present and not the future?
Yes. Cointerra's price in the present. You can go see this current price, right here: http://cointerra.com/. It is not a hypothetical price.
If they change the price tomorrow, then $3/GH will no longer be the current price.
Your language must be very different from English.
September 29, 2013, 11:38:46 PM
I apologize people if my language is that bad but I thought "Current" is about the present and not the future?
September 29, 2013, 10:22:06 PM
One possibility is that the 500 TH/s is sold in October. That 500 TH/s is worth $14 per share, or 0.10 dividends per share according to the absurdly high Gox rate, assuming the current conservatively-estimated market price of hashpower drops in half. If we note that lower denominations of hashpower are irrationally priced higher by the market, and if we value by Bitstamp, we can get up to 0.15 per share...
Another possibility, of course, is that we simply mine with that hashpower, putting us back in the ~20% share of network range, which is a good place to be as well.
I am looking forward to October.
Another possibility, of course, is that we simply mine with that hashpower, putting us back in the ~20% share of network range, which is a good place to be as well.
I am looking forward to October.
At Cointerra's current $3/GH price (for January), the 500TH is worth $3.75 per share, ignoring the fact that the AM hardware will be less power efficient.
Of course FC is supposed to begin deploying that 500TH by the end of December, but I'd be very surprised if most of it is deployed before January. He never claimed it would all come online at once and the first generation certainly didn't.
We are not currently in January. Damn, you are so much of a bear..........
And FC is not currently deploying hardware, last I checked.
$3/GH is Cointerra's current price for January. My point is that it may decrease further (for January or otherwise).
I do not understand how either of these observations makes me any more or less bearish.
September 29, 2013, 09:57:04 PM
I have a question about the gen2 chips. According to friedcat's latest update, the order size has not been decided. Does that mean the gen2 chips has been designed and tested? If so, do we know its specification?
Possibly, for the first question. No specifications or details at all have been released.
September 29, 2013, 09:40:12 PM
I have a question about the gen2 chips. According to friedcat's latest update, the order size has not been decided. Does that mean the gen2 chips has been designed and tested? If so, do we know its specification?
Possibly, for the first question. No specifications or details at all have been released.
September 29, 2013, 09:39:20 PM
Have you seen cex.io - bitfury commodity exchange? It basically sells GH/s at ghash.io pool. Maybe friedcat could go the same way.
Huh interesting, haven't seen that site before.... I wonder how safe it is to use though being based in Cyprus...after all the crap that happened there over the last year it's not a promising place to do any sort of business that may run afoul of the banking cartels.
September 29, 2013, 09:21:27 PM
One possibility is that the 500 TH/s is sold in October. That 500 TH/s is worth $14 per share, or 0.10 dividends per share according to the absurdly high Gox rate, assuming the current conservatively-estimated market price of hashpower drops in half. If we note that lower denominations of hashpower are irrationally priced higher by the market, and if we value by Bitstamp, we can get up to 0.15 per share...
Another possibility, of course, is that we simply mine with that hashpower, putting us back in the ~20% share of network range, which is a good place to be as well.
I am looking forward to October.
Another possibility, of course, is that we simply mine with that hashpower, putting us back in the ~20% share of network range, which is a good place to be as well.
I am looking forward to October.
At Cointerra's current $3/GH price (for January), the 500TH is worth $3.75 per share, ignoring the fact that the AM hardware will be less power efficient.
Of course FC is supposed to begin deploying that 500TH by the end of December, but I'd be very surprised if most of it is deployed before January. He never claimed it would all come online at once and the first generation certainly didn't.
We are not currently in January. Damn, you are so much of a bear..........
And FC is not currently deploying hardware, last I checked.
$3/GH is Cointerra's current price for January. My point is that it may decrease further (for January or otherwise).
I do not understand how either of these observations makes me any more or less bearish.
September 29, 2013, 09:19:09 PM
I have a question about the gen2 chips. According to friedcat's latest update, the order size has not been decided. Does that mean the gen2 chips has been designed and tested? If so, do we know its specification?
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