Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 93. (Read 3917058 times)

Interesting news, but I fear this will only cause a temporary stop for their mining operations. I think they'll find other places with low prices for electricity. I hope FC has found even better places with lots of cheap electricity by now!

BitFury shutting down mine in Finland (Google Translate - this is one of Finland's biggest papers, supposedly):

KEMIÖNSAARI . This is the digital revolution strange.

Just three years ago Dalsbruk small urban industrial halls prepared glowing hot beams of steel wire. These landscapes of the metal industry has a long tradition: the first an iron blast furnace was born Dalsbruk already in 1686.

Steel is no longer glow Dalsbruk because FNsteel steel company went bankrupt. Halls is still warm, it is currently heat the air ukrainalaistaustaisen Bitfuryn manufactured by the company computers.

Dalsbruk utility is part of the Kemiönsaaren base, which has already been appointed, the capital of Finland bitcoin.

"At least we very much want to do Kemiö an island," the entrepreneur Sami Lappalainen says.

Bitcoin is an online peculiar means of payment, which is depending on the speaker either a large bubble, or the future of online currency. Bitcoin-money exists only in bits, and may be moved easily bittilompakosta network to another.

Entrepreneur Sami Lappalainen (right.) Has spread information about Bitcoin Kemiönsaaren companies. Dalsbruk in a restaurant Ports Iden owner Juhani Rautiainen considering bitcoin payments acceptance restaurant.
Despite the abundant publicity Bitcoin can be used only in a few places. Helsinki places are about fifteen.

Kimito island half a dozen companies to respond bitcoin payments. Kemiönsaari is reportedly the only place in Finland, where the virtual currency valid in normal grocery store.

Sami Lappalainen had to familiarize themselves with the virtual currency thoroughly in 2013. At the time he sold the bank Bitcoin.

To be precise, the owner changed the bank's former estate, and two-thirds of the amount paid for Bitcoin. The buyer was Niko Punin , another islander Kemiö bitcoin-active.

"I got friends say that I bought the bank Bitcoin," says Punin phone.

Lappalainen has spread information about Bitcoin local entrepreneurs' association. Small charges and special attention to the currency brought on by the local entrepreneurs have been interested.

"It is a real-time and easy system. It should not be any costs, such as card payments," says K-market retailer Tobias Eriksson .

"It is precisely the marketing," says the care sector entrepreneur Gunnevi Vesterlund Rehab Center.

General virtual currency does not Kemiö island not of it. Food trade, regular users have been more than a month during the dozen, and payments are made ​​according to Eriksson, maybe a thousand euros. The benefits, however, she is not sure that bitcoin is increasing.

The entrepreneur's point of view, the biggest risk rate. If the payment does not change immediately into euros, 100 euros worth of bitcoin payment it may be tomorrow, no longer worth the 90 euro.

There are other risks. If someone manages to vohkimaan virtual Bitcoin wallet, money is almost impossible to get back.

Dalsbruk steel rolling old halls became bitcoin-factory. Now bitcoin-server arrays are being progressively dismantled.
Risks in spite of bitcoin has started to creep towards the mainstream. One example is the Dalsbruk arrived Bitfury, which has received capital from investors $ 40 million.

Bitfury manufactures Bitcoin designed for computers that "extract" the virtual currency. The extraction of computers to ensure a reliable moving of Bitcoin wallet to another and will reward the efforts of new Bitcoin.

Bitcoin way Bitfuryllä is somewhat dubious reputation. The Wall Street Journal reported in the summer, that one of the founders of the company was previously included in the Ukrainian kind of file-sharing service, which ended up with the US authorities blacklisted.

Dalsbruk few people know what is happening inside the fences. Niko Punin is currently working in Spain Bitfuryn the service, but he is silent center.

Plans have been in any case, great. The estate had to be sold in the entire factory area server center. Electricity would have to run so much that the old factory electrical transformer might have had to replace a larger one.

The Purchase Plan has been blocked, and the center is run down. Together with the hall workers unload racks, and gray computers waiting for transport.

One reason for the downfall of is the fact that mining is no longer as profitable as in the past. Server technology is aging up to a few months and the value of the currency has fallen currencies in the peak-to-quarter.

The traditional industry has its benefits: metal manufacturing remained Dalsbruk three centuries, bitcoin factory only days of the year.


http://www.hs.fi/talous/a1422251682035

I had a transfer out on Nov 21 that got done on Dec 22.
Another Oct 6 that got done on Nov 1.
And, another on Aug 13 that got done on Aug 22.

It looks like transfers happen once per month.

AMHash went back up to 0.0011.

Might be a good time for AMHash4.

Well it went towards .10. Probably another good buying opportunity.

Noticed the bot has put a sell wall around 0.13399 and buy wall at 0.1, which way will to go

LOL, how did I manage to miss that! I even typed out 40,000,000 twice and deleted the commas. 

You forgot a zero - 40 PH/s (AM valued at)

Yeah but the BTC being mined by AMHASH are obliged to be payed out to the shareholders of the AMHASH contract. Holding shares of AM just gives us rights to the "profits" - whatever those may be in the future. AMHASH is merely a product. But I agree that AM should get in the game of self-mining big time again!

I was just checking the price on Havelock. AMHash is currently selling for 0.00104998 BTC and AM100 is currently selling for 0.00092990 BTC. Given that an AM100 share is a 1/40000000 share of AM, we could say that 1 Gh of AMHash is valued about the same as 1/40000000 share of AM. That in turn would value AM at around 4 Ph/s which is funny because AMHash has 5 Ph/s itself.

Just thought that was an interesting observation.

Edit: As pointed out, that would be 40 Ph/s not 4 Ph/s.

Offering cloud mining seems to be a win-win situation. They could build a huge amount of hardware, instantly deploy it, no shipping, not returning faulty miners, etc...
If they don't sell the hash rate, they can just self-mine with it. Every GH/s sold is money directly available for divs or re-investment into the operation. It's incredible!

With cloud mining contracts being more profitable and less hassle for AM as well as most customers, and previous comments from AM about cloud mining, I'd expect them to put the miners to self-mining, sell miners during the process of setting up the farms, then sell cloud mining contracts once the farms are up and running. Seems like the most logical course of action to me.

There's no point having hashing power sitting on the shelves doing nothing.

I would think via AMHash they could do pretty well indeed. I am pretty skeptical if they are going to try and sell physical miners again though. I guess we will see once Friendcat decides on his game plan.

Someone seems to be buying some more shares on Havelock. Not that many, but still makes me wonder whether someone knows something. But I guess that 100 shares bid wall is simply the bot, again...

From the information we have available, it would suggest AM will be first out with products based on the next gen ASICs. With bitcoin price picking up again, AM stand a very good chance of selling a lot of hashing power before the competition's ASICs are even available.

Wow that has been one long asset liquidation back from the BTCT and Bitfunder days
Glad to hear its almost resolved and helpful post to the front of this page in case Friedcat skims this thread ^^.

Hi friendcat,

At long last, your loyal early investors at the Carnth's MININGCO.ETF need to take their share of the profit.

Unfortunately we cannot do this until you transfer the shares to their new owner.

We are happy you are so busy with fame and fortune, but we have been waiting for 6 weeks.  Please do it now!

Thanks,

iCEBREAKER (on behalf of all MININGCO.ETF investors)

PS  If you could also transfer my personal shares to the new address I send via PM, that would also be appreciated.   

Yeah, but nothing about the schedule of the final BE300 design. Especially since the consumption of the 24 chip board was slightly worse. But people keep saying that was expected and nothing to be too worried about.

The secret beginnings of a Bitcoin mining cartel?

no word on the Allied deal with Bitfury, what happened to the AM deal with Allied Control?