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Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 99. (Read 3917058 times)

newbie
Activity: 30
Merit: 0
What is the standard process when transferring direct shares to havelock? I did what was said on Havelock and emailed both of the parties but have not received any response in about 3 days. Is that typical? I know it says to wait up to 9 days for the transfer but I was wondering if it's normal to not get any sort of reply at all.
hero member
Activity: 630
Merit: 500
Wow.... like the flies! What's that buying pressure on Havelock? Do you think it's merely the chance of buying some cheap shares due to the decrease in BTC price? Or again inside knowledge from Board members or industry partners like we've seen with the announcement of the successful BE300s tests?

A board member wouldn't risk (or care, they have thousands of shares) buying a hundred or two of shares on Havelock based on inside knowledge. Maybe some guy at packaging, or assembly, or something.
But definitely, that buying before the BE300s tests must have been on inside knowledge.
sr. member
Activity: 350
Merit: 250
Honest 80s business!
Wow.... like the flies! What's that buying pressure on Havelock? Do you think it's merely the chance of buying some cheap shares due to the decrease in BTC price? Or again inside knowledge from Board members or industry partners like we've seen with the announcement of the successful BE300s tests?
legendary
Activity: 826
Merit: 1004
Hashnest just bowed out of the bitcoin cloud mining game too. That basically leaves AMHash and Bit-x, and Bit-x is running on fumes at this point.

[ANN] Jan 14th, 2014 - Umisoo, ANTS2, & ANTS3 Hardware Powered Off

Today, at 08:05 GMT, all Hashnest Umisoo, ANTS2, & ANTS3 units were powered off, as their maintenance fee became higher than their payout. This procedure was previously outlined in this post https://forum.bitmain.com/bbs/topics/969. At the moment, we are examining the situation to determine what further action will be taken. We will be doing our best to keep you updated with the latest information. As long as the machines are switched off, there will be no new revenue payments from these machines. Further, we will collect no maintenance fee on the Umisoo, ANTS2, and ANTS3 during this time.

Note: GH/s trading for these units will continue as normal. Users may still buy or sell mining contracts for the Umisoo, ANTS2, and ANTS3 during this time.
legendary
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
Hmm Rockminer Operations are halting so that is interesting to note

https://bitcointalk.org/index.php?topic=528464.400;topicseen

ROCKMINER shares buy back plan

Dear Shareholders,

Thank you for supporting ROCKMINER for so long term, in the past months,we designed, produced and sold thousands of miners.
RM can never be a recognized company in community, and running for so long without your investments and help.
I know you are disappointed with this situation, and feel angry about loss of money.However, as we know, BTC miners producers have suffered a long downturn term for BTC price going down in past year, lots of manufactories bankrupted as we know.
We did try our best to run the company, I still remember the first two and three months, we worked from day to night for the designing ,producing and selling, we were excited for first product R-BOX made out.Our team became a professional miners producer after months.
We were planned to save the remaining capitals for future producing investment, but after time passed and market situation changed, we don’t think we have the capacity of producing new miners in next months, because we don’t have chips and costs excluding chips still very high.
Whatever, we still feel very sorry about what ROCKMINER experienced ,and we plan to use 90%+ company capital to buy back all public shares to reduce investors loss.

Etc.

ROCKMINER will not quit  BTC industry, and will try our best to survive,such as lower salary, fire some employees.The best thing is finding some new investors, we don’t think there was someone who will do this,considering current market situation,

Sincerely,
ROCKMINER Team
legendary
Activity: 826
Merit: 1004

From the AMHash website:

Quote
Higher ROI

AMHash has a low cost on both initial price and maintenance fee.The maintenance is only $1.633 per day per TH,which equals to $0.07/kwh.

The fee has been lowered to $1.551/DAY/TH now though.
hero member
Activity: 630
Merit: 500
So you're saying a site paying .05 kwh would be profitable mining bitcoin on a large scale?

I just closed down a Scrypt mining operation in a space in the states running at .048 kw/h plus some taxes, that bring it closer to .06 kw/h. Had 400 amp 3 phase service too. :\

Hmm.
member
Activity: 118
Merit: 10
....
Is $0.05/kWh from an official source? What do the numbers look like at, say, $0.13/kWh?
Electricity and maintenance fee of AMHASH is 1.551$/TH/day. AMHASH runs Tubes with efficiency ~1W/GH that means 1TH will eat up ~24kWh/day = 1.551/24 = 0.064$/hour. That's electricity and maintenance, so you can bet that electricity alone is 0.05$ or less.
At 0.13$/kWh electricity eats up all BTC from mining (at current diff and 230$/BTC price)
You are right, I believe in price even less then 0.04$/kwh. Is this electricity may be legal? Likely not.
legendary
Activity: 896
Merit: 1001
With the dropping bitcoin price and difficulty pretty much stagnate since early November, let's hope the AM can deliver the already paid for gen 4 with massive self mining.

Also, how many other companies are going to begin research  / tape-out on a new ASIC when the dropping prices?

 
legendary
Activity: 896
Merit: 1001
....
Is $0.05/kWh from an official source? What do the numbers look like at, say, $0.13/kWh?
Electricity and maintenance fee of AMHASH is 1.551$/TH/day. AMHASH runs Tubes with efficiency ~1W/GH that means 1TH will eat up ~24kWh/day = 1.551/24 = 0.064$/hour. That's electricity and maintenance, so you can bet that electricity alone is 0.05$ or less.
At 0.13$/kWh electricity eats up all BTC from mining (at current diff and 230$/BTC price)

Thanks. That's good info. Where the hell is AMHASH getting electricity that cheap?

Also, you're right. If this is true, many of these miners that can't match that efficiency and/or low electricity cost are going to get forced out. If Gen 4 pans out and really is paid for already (as some have chosen to believe), there's little standing in the way of AM reclaiming large percentage of marketshare in 2015.
legendary
Activity: 1029
Merit: 1000
....
Is $0.05/kWh from an official source? What do the numbers look like at, say, $0.13/kWh?
Electricity and maintenance fee of AMHASH is 1.551$/TH/day. AMHASH runs Tubes with efficiency ~1W/GH that means 1TH will eat up ~24kWh/day = 1.551/24 = 0.064$/hour. That's electricity and maintenance, so you can bet that electricity alone is 0.05$ or less.
At 0.13$/kWh electricity eats up all BTC from mining (at current diff and 230$/BTC price)
legendary
Activity: 896
Merit: 1001
I don't know about you guys, but AMHASH mining still seems to be profitable, thus AM seems to be able to mine at a profit still. I take that as the one good thing this day has brought us.
And will be for some time, 0.05$/kWh (or maybe even lower) will be profitable even at 100$/BTC. And those Tubes that works for AMHASH mine are not so efficient as Gen4 hardware will be. AMHASHv2.0 with Gen4 hardware will be a success for sure.

Is $0.05/kWh from an official source? What do the numbers look like at, say, $0.13/kWh?
legendary
Activity: 1029
Merit: 1000
I don't know about you guys, but AMHASH mining still seems to be profitable, thus AM seems to be able to mine at a profit still. I take that as the one good thing this day has brought us.
And will be for some time, 0.05$/kWh (or maybe even lower) will be profitable even at 100$/BTC. And those Tubes that works for AMHASH mine are not so efficient as Gen4 hardware will be. AMHASHv2.0 with Gen4 hardware will be a success for sure.
sr. member
Activity: 350
Merit: 250
Honest 80s business!
I don't know about you guys, but AMHASH mining still seems to be profitable, thus AM seems to be able to mine at a profit still. I take that as the one good thing this day has brought us.
legendary
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
So...this price crash that's happening down to $253.11 on Stamp...this friedcat pulling a lil extra fiat capital or...

If so...lulz how many gen4's are they cranking out?!
Well with the bitcoin price dropping an all cash strategy doesn't sound too bad unless they can get their costs down significantly or efficiency up production is still price sensitive.
Then again the time it takes to manufacture new miners and how long it would take till the next bunch of wafers makes that a bit risky as well.
hero member
Activity: 938
Merit: 502
So...this price crash that's happening down to $253.11 on Stamp...this friedcat pulling a lil extra fiat capital or...

If so...lulz how many gen4's are they cranking out?!
legendary
Activity: 1078
Merit: 1002
Bitcoin is new, makes sense to hodl.
cex is a about to stop mining. Is this the plan of FC to drive out all competitors ?
newbie
Activity: 47
Merit: 0
Dear all,
We've checked and settled with the participants of ASICMiner signature advertisment campaign.
If any participant haven't got the payment, please turn to sunxiaoxiao or Phasebird. We will deal with it ASAP.
Thank you. 
legendary
Activity: 896
Merit: 1001
Well, we have to wait for final BE300 chips, that's for sure. But everyone seems to be pretty content with the BE300s sample chips. The performance is spot-on. Back with BE200 people were disappointed with the power consumption. Now everyone likes the chips. Even the competiiton is like "yeah, they're good, alright".
Also, fc didn't want to solo-mine or self-mine anymore (a HUGE mistake!). I hope he deploys 150 PH/s in March. Boom.

Well if the chips do end up being on spec let's hope they stick to selling chips and self mining. I really think they should avoid selling miners to the general public this time. It will be interesting to see if AM can make a competitive chip.

Gotta agree to both of you, BUT: Sure they should sell as many chips as they can but please, in no case simply rely on selling chips - they need to self-mine and also sell cloud mining. The beauty of cloud-mining is that you can just build a large self-mining farm and then sell as much of that hash-rate as you can. Distribute the money you make as divs and/or reinvest!

AMHash with their daily maintenance fee was still cheaper than buying a miner for China, shipping it to the USA, and then paying for power.  With AMHash I don't have to worry about uptime miner, internet outages, maintenance, bad chips, etc.  Though you do still have the trust AM that they will deliver  / stay in the miner scene.
sr. member
Activity: 350
Merit: 250
Honest 80s business!
Over in the Prisma signature campaign thread people are apparently still waiting for their payment for December: https://bitcointalk.org/index.php?topic=739269.460. I know, a lot of signature campaigns don't pull through, but AM (which we all love) really shouldn't pull off such a stunt. I'm really disappointed in this. Friedcat really needs to know about this, guys!
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