ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 912.

iCEBREAKER

legendary

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Crypto is the separation of Power and State.

Quote from: Pierre on June 29, 2013, 04:55:33 AM

Quote from: BlackLilac Jordan on June 29, 2013, 04:05:12 AM

(namecoin is) the only existing alternative to the ICANN monopoly.

No, there are many, many other ICANN alternatives. They are all useless, just like Namecoin. Why? Because regular people can't access them. It's not reasonable to ask everyone on the entire internet to install plugins if they want to access your domains. Namecoin will never be a serious alternative to DNS.

"Regular people" don't use Bitcoin. This community is a mecca for early adopters, not "everyone on the entire internet."

How are you any more useful than those saying 'there are many dollar alternatives, they are all useless just like Bitcoin?'

yuchuanzhen

full member

Activity: 234

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Quote from: Franktank on June 29, 2013, 05:53:16 AM

Quote from: weep on June 29, 2013, 05:39:48 AM

English translation of slides from https://bitcointalksearch.org/topic/asicminer-news-246253

Quote from: weep on June 29, 2013, 05:09:19 AM

3.4BTC * 400,000 = 1360,000BTC
> 0.136 billion USD

Q: How much hashing power does Bitfountain plan to deploy within this year?
Friedcat: 800-1000T within this year.

Q: What are the specs of the second batch? When will the mass production begin?
Friedcat: The exact numbers will only be known when the chips are out of fab, currently we only have simulated results. Mass production will be in October the earliest.

Q: What would be the physical address of the offshore company be to registered?
Friedcat: It will be on an island where financial freedom is more possible to achieve.

Q: Do you have plans for future other than mining and selling hardware?
Friedcat: ASICMINER's business is confined within mining and selling mining hardware. We might do some
periphery work, but that won't be too distant.

Q: What kind of investors or business partners are you keeping in touch with?
Friedcat: We currently don't accept external funds, so there is no private investors. The partners we keep in touch with are mostly tech related.

Q: After the batch shipping from Avalon and BFL, how would the manufacturers in Shenzhen compete with them?
Friedcat: Our advantage to manufacture chips at the cost price is invincible.

Q: Are you hiring? What kind of people do you need?
Friedcat: We need people specialized in analog electronics, but we don't put much hope in finding this kind of people within China.

Q: Any plans or strategies that are suitable for the public to know?
Friedcat: We will be focusing more on the area that we have the most advantage in. It depends on whether we have more advantage in chip design or the ability to deployment fast.

Q: Why the hashing power of AM is not stable?
Friedcat: The variance of solo mining itself is relatively huge. And the whole network is being DDOS'ed lately, the 0.8.3 version of the software has fixed some bugs so as to prevent DDOS.

If this is true, 10 BTC/share is not unreasonable. Again, this is unverified information still but once it is confirmed....

YES.This is 99.999% true.It was released by rockxie.
About rockxie: https://bitcointalksearch.org/topic/m.2559360

freedomno1

legendary

Activity: 1834

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Learning the troll avoidance button :)

Pending confirmation I am excited to say the least Cheesy

Franktank

hero member

Activity: 560

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Quote from: weep on June 29, 2013, 05:39:48 AM

English translation of slides from https://bitcointalksearch.org/topic/asicminer-news-246253

Quote from: weep on June 29, 2013, 05:09:19 AM

3.4BTC * 400,000 = 1360,000BTC
> 0.136 billion USD

Q: How much hashing power does Bitfountain plan to deploy within this year?
Friedcat: 800-1000T within this year.

Q: What are the specs of the second batch? When will the mass production begin?
Friedcat: The exact numbers will only be known when the chips are out of fab, currently we only have simulated results. Mass production will be in October the earliest.

Q: What would be the physical address of the offshore company be to registered?
Friedcat: It will be on an island where financial freedom is more possible to achieve.

Q: Do you have plans for future other than mining and selling hardware?
Friedcat: ASICMINER's business is confined within mining and selling mining hardware. We might do some
periphery work, but that won't be too distant.

Q: What kind of investors or business partners are you keeping in touch with?
Friedcat: We currently don't accept external funds, so there is no private investors. The partners we keep in touch with are mostly tech related.

Q: After the batch shipping from Avalon and BFL, how would the manufacturers in Shenzhen compete with them?
Friedcat: Our advantage to manufacture chips at the cost price is invincible.

Q: Are you hiring? What kind of people do you need?
Friedcat: We need people specialized in analog electronics, but we don't put much hope in finding this kind of people within China.

Q: Any plans or strategies that are suitable for the public to know?
Friedcat: We will be focusing more on the area that we have the most advantage in. It depends on whether we have more advantage in chip design or the ability to deployment fast.

Q: Why the hashing power of AM is not stable?
Friedcat: The variance of solo mining itself is relatively huge. And the whole network is being DDOS'ed lately, the 0.8.3 version of the software has fixed some bugs so as to prevent DDOS.

If this is true, 10 BTC/share is not unreasonable. Again, this is unverified information still but once it is confirmed....

aahzmundus

hero member

Activity: 644

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Invest & Earn: https://cloudthink.io

If this translation is incorrect... i will cry!

Enjoy the donation!

ArcticWolf

full member

Activity: 196

Merit: 100

Quote from: weep on June 29, 2013, 05:39:48 AM

English translation of slides from https://bitcointalksearch.org/topic/asicminer-news-246253

Quote from: weep on June 29, 2013, 05:09:19 AM

3.4BTC * 400,000 = 1360,000BTC
> 0.136 billion USD

Q: How much hashing power does Bitfountain plan to deploy within this year?
Friedcat: 800-1000T within this year.

Q: What are the specs of the second batch? When will the mass production begin?
Friedcat: The exact numbers will only be known when the chips are out of fab, currently we only have simulated results. Mass production will be in October the earliest.

Q: What would be the physical address of the offshore company be to registered?
Friedcat: It will be on an island where financial freedom is more possible to achieve.

Q: Do you have plans for future other than mining and selling hardware?
Friedcat: ASICMINER's business is confined within mining and selling mining hardware. We might do some
periphery work, but that won't be too distant.

Q: What kind of investors or business partners are you keeping in touch with?
Friedcat: We currently don't accept external funds, so there is no private investors. The partners we keep in touch with are mostly tech related.

Q: After the batch shipping from Avalon and BFL, how would the manufacturers in Shenzhen compete with them?
Friedcat: Our advantage to manufacture chips at the cost price is invincible.

Q: Are you hiring? What kind of people do you need?
Friedcat: We need people specialized in analog electronics, but we don't put much hope in finding this kind of people within China.

Q: Any plans or strategies that are suitable for the public to know?
Friedcat: We will be focusing more on the area that we have the most advantage in. It depends on whether we have more advantage in chip design or the ability to deployment fast.

Q: Why the hashing power of AM is not stable?
Friedcat: The variance of solo mining itself is relatively huge. And the whole network is being DDOS'ed lately, the 0.8.3 version of the software has fixed some bugs so as to prevent DDOS.

Who is awesome? You are awesome

Thanks man!

weep

newbie

Activity: 9

Merit: 0

English translation of slides from https://bitcointalksearch.org/topic/asicminer-news-246253

Quote from: weep on June 29, 2013, 05:09:19 AM

3.4BTC * 400,000 = 1360,000BTC
> 0.136 billion USD

Q: How much hashing power does Bitfountain plan to deploy within this year?
Friedcat: 800-1000T within this year.

Q: What are the specs of the second batch? When will the mass production begin?
Friedcat: The exact numbers will only be known when the chips are out of fab, currently we only have simulated results. Mass production will be in October the earliest.

Q: What would be the physical address of the offshore company be to registered?
Friedcat: It will be on an island where financial freedom is more possible to achieve.

Q: Do you have plans for future other than mining and selling hardware?
Friedcat: ASICMINER's business is confined within mining and selling mining hardware. We might do some
periphery work, but that won't be too distant.

Q: What kind of investors or business partners are you keeping in touch with?
Friedcat: We currently don't accept external funds, so there is no private investors. The partners we keep in touch with are mostly tech related.

Q: After the batch shipping from Avalon and BFL, how would the manufacturers in Shenzhen compete with them?
Friedcat: Our advantage to manufacture chips at the cost price is invincible.

Q: Are you hiring? What kind of people do you need?
Friedcat: We need people specialized in analog electronics, but we don't put much hope in finding this kind of people within China.

Q: Any plans or strategies that are suitable for the public to know?
Friedcat: We will be focusing more on the area that we have the most advantage in. It depends on whether we have more advantage in chip design or the ability to deployment fast.

Q: Why the hashing power of AM is not stable?
Friedcat: The variance of solo mining itself is relatively huge. And the whole network is being DDOS'ed lately, the 0.8.3 version of the software has fixed some bugs so as to prevent DDOS.

Strange Vlad

full member

Activity: 140

Merit: 100

Quote

Q: After the batch shipping from Avalon and BFL, how would the manufacturers in Shenzhen compete with them?
Friedcat: Our advantage to manufacture chips at the cost price is invincible.

I liked this part the most Grin

TECHICENINE

newbie

Activity: 28

Merit: 0

ICANN ~> UCANT see how that works...thanks

freedomno1

legendary

Activity: 1834

Merit: 1094

Learning the troll avoidance button :)

Quote from: ?? on ??

Quote from: Pierre on June 29, 2013, 04:55:33 AM

Quote from: BlackLilac Jordan on June 29, 2013, 04:05:12 AM

(namecoin is) the only existing alternative to the ICANN monopoly.

No, there are many, many other ICANN alternatives. They are all useless, just like Namecoin. Why? Because regular people can't access them. It's not reasonable to ask everyone on the entire internet to install plugins if they want to access your domains. Namecoin will never be a serious alternative to DNS.

Namecoin isn't only a DNS alternative, that's just it's most popular usage. It can handle many data types and others can be added, personally I'd like to see it as more of an address book including geodata, postal address, telephone numbers and searchable meta data but it could just as easily be used as a cake recipe database. The qt client is developing fast and there's a lot of potential with integration of additional features (such as a local DNS server).

That's way off topic though, hopefully friedcat will post an update soon but if not then no news is good news I guess.

Well someone translated something in the other thread but no news is good news if it cannot be confirmed
That or this is one elaborate scale spread at misinfo
Really not sure on this one so no news is good news waits on official friedcat but if it is real FAQ was answered and can consider these questions replied to
https://bitcointalksearch.org/topic/m.2610794

TECHICENINE

newbie

Activity: 28

Merit: 0

" I will pay you for the right to sell you cheap shares of ASICMiner. How's that sound? "

where do i sign up?..thank$

Pierre

full member

Activity: 207

Merit: 100

Quote from: BlackLilac Jordan on June 29, 2013, 04:05:12 AM

(namecoin is) the only existing alternative to the ICANN monopoly.

No, there are many, many other ICANN alternatives. They are all useless, just like Namecoin. Why? Because regular people can't access them. It's not reasonable to ask everyone on the entire internet to install plugins if they want to access your domains. Namecoin will never be a serious alternative to DNS.

freedomno1

legendary

Activity: 1834

Merit: 1094

Learning the troll avoidance button :)

Quote from: empoweoqwj on June 29, 2013, 04:49:11 AM

Quote from: freedomno1 on June 29, 2013, 04:42:40 AM

Well it seems China is moving according to the friedfish source
Shares it with the AM thread don't think this was mentioned yet
Key point:
1. ASICMINER plans to deploy 800T~1000T this year.
2. Specs for generation II chips will only be available after encapsulation. Earliest possible mass production would be in October.

Where was this news garnered from? Is is fresh news from the freshcat?

https://bitcointalksearch.org/topic/m.2610615
Backsourcing now seems legit this news is from a newbie though but the sources check out I would like some other verification though

Current backchecking
Sidenote
https://bitcointalksearch.org/topic/m.2610663
No, not this one. There is another meeting in Shanghai right now. It looks like RockXie released the slides.
https://bitcointalksearch.org/user/rockxie-60803
https://bitcointalksearch.org/topic/m.2399168

Verification of accuracy requested

On another note

http://www.pingwest.com/bitcoin-world/
http://bitcoinviews.com/there-is-a-bitcoin-salon-on-29th-of-june-in-beijing-organized-by-pingwest-com-sponsored-by-microsoft-taking-place-in-microsoft-research-asia-headquarters-in-beijing/

Hmm Huh

Double Verification of STATEMENTS requested lol
https://bitcointalksearch.org/topic/m.2610794

empoweoqwj

hero member

Activity: 518

Merit: 500

Quote from: freedomno1 on June 29, 2013, 04:42:40 AM

Well it seems China is moving according to the friedfish source
Shares it with the AM thread don't think this was mentioned yet
Key point:
1. ASICMINER plans to deploy 800T~1000T this year.
2. Specs for generation II chips will only be available after encapsulation. Earliest possible mass production would be in October.

Where was this news garnered from? Is is fresh news from the freshcat?

aahzmundus

hero member

Activity: 644

Merit: 500

Invest & Earn: https://cloudthink.io

Quote from: bbxx on June 29, 2013, 03:11:23 AM

Fees?
Now about 1-3 btc per block.
We need to have 10 times more to get decent reward from block.

Now userbase of bitcoin is falling like knife.

What should happen to reverse this trend?

Time. Bitcoin is better money then current money. Eventually more and more people will use it because it will save them money. As time goes on also, volatility should go down, which would also bring people in.

The recent developments into the implementation of micropayment systems has in it the capacity to change internet content monitization in a positive direction forever (no need to run adds, people can pay .00001 bitcoin per article and your page views could earn you a direct living wage). If you do not think there will be widespread adoption of bitcoin, why are you here? If you do think there will be widespread adoption... you have to realize there will be an increase in paid fees. More fees paid = happy miners. I don't have the know how to set up my own massive mining operation, so I invest.

Exciting news from china! We really need translators... I am sure if you post a translation (not google translate.. come on) and offer a donation address... you will get donations. I for one will donate!

freedomno1

legendary

Activity: 1834

Merit: 1094

Learning the troll avoidance button :)

Well it seems China is moving according to the friedfish source
Shares it with the AM thread don't think this was mentioned yet
Key point:
1. ASICMINER plans to deploy 800T~1000T this year.
2. Specs for generation II chips will only be available after encapsulation. Earliest possible mass production would be in October.

Sidenote
https://bitcointalksearch.org/topic/m.2610663
No, not this one. There is another meeting in Shanghai right now. It looks like RockXie released the slides.
https://bitcointalksearch.org/user/rockxie-60803
https://bitcointalksearch.org/topic/m.2398212

Verification of accuracy requested

empoweoqwj

hero member

Activity: 518

Merit: 500

Quote from: BlackLilac Jordan on June 29, 2013, 04:05:12 AM

Quote from: Lohoris on June 29, 2013, 03:42:49 AM

Quote from: aahzmundus on June 28, 2013, 11:16:54 PM

how was asicminer.bit not already taken...

because namecoin is a joke

Why is that? I'm far from an expert on the subject but to me it seems like an absolutely brilliant and innovative use of a block chain, and the only existing alternative to the ICANN monopoly. Not a rival to BTC certainly, but I don't think it was ever intended to be one

There have been many "alternate namespaces" launched in last 20 years, all relying on plug-ins or ISP co-operation. All have failed, because the "domains" don't propagate worldwide. They only work on specific devices at specific locations. That is not what you want with a domain name. You want it guaranteed to work all over the world on every device that connects to the Net. That is what ICANN does, along with IANA, IETF etc.

There are going to be hundreds (thousands actually) of new domains coming online in the next few years via ICANN.

If you want to launch a .bit site please do, just understand that most people in the world won't ever be able to access it.

freedomno1

legendary

Activity: 1834

Merit: 1094

Learning the troll avoidance button :)

Quote from: Strange Vlad on June 29, 2013, 04:20:26 AM

Quote from: BlackLilac Jordan on June 29, 2013, 04:05:12 AM

Quote from: Lohoris on June 29, 2013, 03:42:49 AM

Quote from: aahzmundus on June 28, 2013, 11:16:54 PM

how was asicminer.bit not already taken...

because namecoin is a joke

Why is that? I'm far from an expert on the subject but to me it seems like an absolutely brilliant and innovative use of a block chain, and the only existing alternative to the ICANN monopoly. Not a rival to BTC certainly, but I don't think it was ever intended to be one

Namecoin is brilliant idea, but it needs widespread adoption even more than Bitcoin does. Sad

I remember a while back slushes pool mined namecoins but forget what the major benefits are
On a sidenote thanks for mentioning it now I have another topic to watch
https://bitcointalksearch.org/topic/nmc-namecoin-news-thread-236340
Confirmed from
http://namecoin.info/
EDIT: I answered my own question hope this helps others
http://www.coindesk.com/what-are-namecoins-and-bit-domains/

Strange Vlad

full member

Activity: 140

Merit: 100

Quote from: BlackLilac Jordan on June 29, 2013, 04:05:12 AM

Quote from: Lohoris on June 29, 2013, 03:42:49 AM

Quote from: aahzmundus on June 28, 2013, 11:16:54 PM

how was asicminer.bit not already taken...

because namecoin is a joke

Why is that? I'm far from an expert on the subject but to me it seems like an absolutely brilliant and innovative use of a block chain, and the only existing alternative to the ICANN monopoly. Not a rival to BTC certainly, but I don't think it was ever intended to be one

Namecoin is brilliant idea, but it needs widespread adoption even more than Bitcoin does. Sad

freedomno1

legendary

Activity: 1834

Merit: 1094

Learning the troll avoidance button :)

Saw this in the newbie thread can someone translate it
Looks like a Chinese Power Point on bitcoin mining with a camera recording
From a Fried Fish he-he must be chow for the friedcat
Fried Fish detected send the cat to inspect Grin

https://bitcointalk.org/index.php?topic=246253.0;topicseen
This was interesting too
https://bitcointalksearch.org/topic/m.2610386

Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 912. (Read 3917543 times)