Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 685. (Read 3917468 times)

500TH will be ready on October not December, according to friedcat's update. Moreover, you've probably under estimated the speed of one product line (a product may takes 10s of minutes to be assembled, but to stay in a position for 1 minute is pretty slow and not likely happen in modern product line), let alone it's totally possible multiple product lines will be used.

Is 500TH to be online in October?

Or are the "2 week late" chips not delivered yet, needed to build the 500TH?

500 TH = 1,5M of chips = 46875 blades
If one blade is produced in 1 minute that means over a month of instant (24/7) production. No one will buy those blades in December. There will be 10 times more efficient equipment already.

Good to hear ASICMINER is expanding under the current co.

Question - Will cooling hardware be sold for traditional currency and if so will the proceeds be converted into bitcoin and paid via dividends or would it be more likely that less btc from mining / hardware sales is held back and profits from cooling sales are rolled into paying for operating costs / expansion?

There was somebody working on a website and share exchange in February already.  

It is really a pity two weeks are delayed by power chips. Two weeks means really a lot in mining industry now, more than 30% difficulty increase.

There's indeed no real news, since they already said in the past they wanted to deploy 200TH in September (not October), so they'll likely sell at least 100-200TH.
It is, anyway, good to hear from friedcat and board members that they are working towards a better communication with shareholders.

Good news!

I am a prophet


And I really appreciate this：

500TH!  So 10x what is currently mining next month. .... Hello..!

Just in time, with the incredible amount of hashing power coming online.

Awesome... Great to hear there will be more regular updates and the other plans as well.

Based on the mention of advertising, I suspect FC intends to sell at least some of them. It will probably be a mix, since I doubt he expects to sell all 500 TH.

Hmmm, are these 500T for sale or self-mining?

Good update! FriedCat!

Oh wow nice update! Does that mean that we will be hashing with +500TH on october or thats the number with blades for sale?

Update was written by whole board

Thanks as always
Curious why Friedcat is referred in the third person though

thanks for the update Friendcat, good times are coming!

Yep, there's the update, right on schedule.


Anyway, this is pretty much underwhelming. Probably gonna see a quick pop upward in the exchanges, until people realize that FC hasn't even negotiated a Gen 2 order size yet, and that AM is going to war with 500GH of 1st gen hardware (which is 2 weeks late™).

In the short term it's profitable, sure, but 1.5 BTC/share is not a good deal.

Not much else to talk about, I guess.

Holy fcat!

OFFICIAL ASICMINER UPDATE
 
In an effort to take ASICMINER to the next level as a business, the board met today to discuss ways we can provide better service to our customers and better communication to our shareholders. Below you will find some updates of what's been going on behind the scenes.
 
PR & Communications
1. The board has committed to meeting even more often than we have been, and intentionally gleaning whatever info can be shared from each meeting, and posting it to public.
2. The board will be assisting with writing these posts to make things easier for Friedcat.
3. The board is in discussions to create content and designs for an official website.

BTCT closing
Today, we discussed this topic and Friedcat will be reaching out to Burnside to determine the best way to handle all of his PT shareholders. Burnside might just give Friedcat a database to process, and TAT Investments has offered to handle a full migration to the AM1 asset on HavelockInvestments.com if it is feasible and agreeable.

LTC ASIC
ASICMINER determined LTC ASIC is not viable since a high-speed memory bus is much more useful in other industries and very expensive to make in this regard.

Hardware Update
• Already shipped devices(Gen1, already shipped) were limited by quantity of the power chip supply we pre-ordered before two months.
• 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).
• If any deal of ordering Gen1 chips from outside buyers via us is reached, additional orders will be made.
• The size of the Gen2 order will be decided as appropriate, according to the network difficulty when it is time to finalize the order size.

Franchising
The board is working to polish the franchising program and is currently discussing the idea of hosting auctions to determine the best pay-per-share rates for ASICMINER, and what profitability the franchises require to operate. ASICMINER intends to grow the franshising program at a faster pace in October, so please participate in this process if you are capable of hosting blades and looking to mitigate some of your risks in buying hardware.
In order to make accurate bids, franchisees need 3 things:
1) Some of the blades as a sample, so they can plan and see what they are doing.
2) Reliable estimates and timelines for delivery, as this can severely impact the ability to operate efficiently.
3) Clear terms or a formula to know when their PPS value can be adjusted as the difficulty increases.
 
Custom Cooling Systems
We have been finalizing on our HK datacenter with our professional partner on immersion cooling. This product will be of interest both miners, and other industries that require cooling of similar hardware. Our cooling system partner built it as an exhibition house where everything is clean and shiny for investors/buyers to visit and for ASICMINER to make videos as a demonstration.

Sales/Advertising Update
ASICMINER is pursuing for additional sales & advertising opportunies. A Google Ads campaign will be considered, as well as Reddit and other websites. Forum ads are getting expensive now, and ROI is unclear for them.

You are welcome to push your ASICMINER-PT shares to my account on BTCT.co, TATInvestments, where I can convert them to AM1 shares on Havelock.
See https://www.havelockinvestments.com/fund.php?symbol=AM1 for full details and instructions.

There are no management fees on dividends for AM1 and Havelock has low trade fees as well.

PLEASE DO NOT DO THIS UNTIL AFTER THIS WEEK'S DIVIDENDS. ALSO DO NOT DO THIS IF YOU ARE JUST TRYING TO EXPORT TO DIRECT SHARES FASTER (IT WILL NOT BE FASTER, IF YOU INTEND TO HOLD DIRECT SHARES, JUST WAIT FOR BURNSIDE TO DO THEM).