Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 991. (Read 3917568 times)

Friedcat,

A team of us shareholders has taken the time to collect and simplify the most popular questions people have for you and ASICMINER. I am sending these questions to you at Jutarul's suggestion, and on behalf of all ASICMINER shareholders that took our poll.

I am only going to send 3 questions to you, in order to keep things simple, and to hopefully maintain this line of communication in the future. We understand that you might not be able to fully answer some things due to competition, but any amount of info will be plenty for us!

If you can take the time to answer, feel free to post your answers in your main ASICMINER thread, or respond to me directly and I will copy your answers verbatim.

Thank you so much for your consideration, here are the questions:

1. Can you tell us more about the next generation of ASIC chips? When should we expect them, and what specs might they achieve?

2. Does ASICMINER/Bitfountain have any legal risks by doing business in China? Are cryptocurrencies or mining of virtual currencies allowed there?

3. What contingency plan do you have in place if Friedcat or other important employees become seriously ill or otherwise unavailable as a resource to ASICMINER?

Updated the FB feed

On a bullish note
Second note wall has officially past the halfway point in available to paid shares
https://bitcointalk.org/index.php?topic=213729.60
755 shares available.
765 shares paid
480 shares in reservation/escrow + 121 From thread (Not including PM's)

While I think you overestimate how slowly BFL will ship from here, I still believe AM won't have trouble staying a step ahead of them.

Head's up:  https://forums.butterflylabs.com/announcements/3214-first-single-sc-60gh-s-has-left-building.html

Just me? If so, could someone quote it//message it to me?

Thanks

The very first Single SC 60gh/s unit was shipped out on Tues 06/11/2013 during the 5 o'clock hour. I know this because I happened to visit BFL HQ on the right day. This is a momentous occasion for Butterfly Labs and the Bitcoin community as a whole. I will be posting a full write-up of my visit in the next couple hours. This write-up will contain a lot of information, some of which is unknown to the general public and other information will clarify a lot that has been left to speculation. There were maybe 8 Singles that had been built and tested while I was there, most of which did not have any problems getting into the 60gh range, even with un-binned chips, so no one should worry about getting a device with less than their ordered hashrate. Without further ado, here is some pics of the first Single being boxed up and shipped out to one very lucky customer.



This device is not packaged as future devices will be packaged. Future Singles will be shipped encased in foam to provide a higher level of protection.



This first Single was laser etched with a unique serial number by Josh directly. I watched this process which was amazing. I've never seen something lasered in person. I was amazed by the speed as the engraving only took about a second.



EDIT: Before any "Why only one?" posts start, these devices weren't fully burned in and some things are still being tested with BFGMiner for which they are using these devices.

Questions:
 Originally Posted by thay  
Still being burning and testing with bfgminer? I guess we will not see them in the wild until the end of next week or the week after.
There is an aspect of BFGMiner being tested not the Singles.

Quick question guys..
just curious.. how much was this week's dividend / share.?

Anyone.?

Head's up:  https://forums.butterflylabs.com/announcements/3214-first-single-sc-60gh-s-has-left-building.html

Invalid Thread specified...

Head's up:  https://forums.butterflylabs.com/announcements/3214-first-single-sc-60gh-s-has-left-building.html

  3. Please be aware that the payment processing and shipping will be less prioritized than the remaining orders in the third auction. It may be 1-2 days less timely before the third auction's shipping is completed. After that it will resume the instant-style speed.

Mmm.. I don't know, I think they are building out things as fast as they can, and nothing is sitting idle, other than inventory allocated for delivery to hardware buyers. Bear in mind to keep up with difficulty gains in the network, they need to be racking and stacking 60+ blockerupters per day. They need to do this 7 days a week, while also building out all the space, networking switches, power, and cooling to support over 3100 blockerupters they currently have deployed. (They have proven their ability to deploy at a peak rate of ~60 blockeruptor boards a day.)

Remember these numbers will only go as they try to maintain their share of an ever growing hashrate. Someone mentioned the law of large numbers earlier. I think an explanation might be in order.

"The first is the law of large numbers. As a company gets bigger, each percentage of incremental revenue suddenly represents a fundamentally larger number. As the base grows, the amount of new business needed to make a material difference in earnings also rises, increasing the pressure on sales to find new markets, new categories, and new geographies. In other words, the larger a company becomes, the more the entire engine has to work harder."

IE: It's going to become exceedingly harder and harder for AM to maintain their share of the network, and it seems at some point they might not be able to keep up. (When and if that happens only really FC could guess.)

-helixone