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Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 912. (Read 3917058 times)

full member
Activity: 207
Merit: 100
Question: When Friedcat says 800-1000 T this year, does he mean by December 2013? Or does he mean in the next 12 months?
hero member
Activity: 644
Merit: 500
Invest & Earn: https://cloudthink.io
YES.This is 99.999% true.It was released by rockxie.
About rockxie: https://bitcointalksearch.org/topic/m.2559360
Well to be technical the release is credited to rockxie but the post was from FriedFish
Hence the 99.999%
Waits on the 0.001 to celebrate but I'm leaning to confirmed at this time
One more thing as I know,the new blade will be half price.Not exactly,but pretty much.
Also,we will have a mini one.

Is this information in the presentation? How do you know the new blade will be half price?  Mini blade? details?.  Sent you a tip for confirming the translation/providing valuable information... keep it up!
full member
Activity: 234
Merit: 100
YES.This is 99.999% true.It was released by rockxie.
About rockxie: https://bitcointalksearch.org/topic/m.2559360
Well to be technical the release is credited to rockxie but the post was from FriedFish
Hence the 99.999%
Waits on the 0.001 to celebrate but I'm leaning to confirmed at this time
One more thing as I know,the new blade will be half price.Not exactly,but pretty much.
Also,we will have a mini one.
newbie
Activity: 9
Merit: 0
Updated version with minor grammatical corrections:
    for future -> for the future
    to deployment fast -> to deploy fast
    more possible to achieve -> more easily to achieve
    much hope -> too much hope

Thank you for your tips, aahzmundus and ArcticWolf:)
--------------------------------------------------------------

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 easily to achieve.

Q: Do you have plans for the future other than mining and selling mining 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 too 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 deploy 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.
legendary
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
English translation of slides from https://bitcointalksearch.org/topic/asicminer-news-246253

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

Well to be technical the release is credited to rockxie but the post was from FriedFish
Hence the 99.999%
Waits on the 0.001 to celebrate but I'm leaning to confirmed at this time
hero member
Activity: 728
Merit: 500
cryptoshark
Really interesting news about island.
Waiting for huge hashrate drop due to transport blades by ship, or maybe farm will be working on the ship?

Island with solar panels, ocean wave energy, wind energy and huge asic farm will be amazing.

Every share now is worth a lot more, please sell.
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
(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?'  
full member
Activity: 234
Merit: 100
English translation of slides from https://bitcointalksearch.org/topic/asicminer-news-246253

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
legendary
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
Pending confirmation I am excited to say the least  Cheesy
hero member
Activity: 560
Merit: 500
English translation of slides from https://bitcointalksearch.org/topic/asicminer-news-246253

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....
hero member
Activity: 644
Merit: 500
Invest & Earn: https://cloudthink.io
If this translation is incorrect... i will cry! 

Enjoy the donation!
full member
Activity: 196
Merit: 100
English translation of slides from https://bitcointalksearch.org/topic/asicminer-news-246253

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!
newbie
Activity: 9
Merit: 0
English translation of slides from https://bitcointalksearch.org/topic/asicminer-news-246253

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.

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
newbie
Activity: 28
Merit: 0
 ICANN ~> UCANT see how that works...thanks
legendary
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
(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
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$
full member
Activity: 207
Merit: 100
(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.
legendary
Activity: 1806
Merit: 1090
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.

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
hero member
Activity: 518
Merit: 500
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?
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