Compeeting with ASICMINER seems impossible

gyverlb

hero member

Activity: 896

Merit: 1000

Quote from: pheaonix on May 06, 2013, 07:09:18 PM

Quote from: mrb on May 06, 2013, 07:03:38 PM

Quote from: pheaonix on May 06, 2013, 05:37:53 PM

bitfury is a scam, and if it wasn't it wouldn't be competitive.

Spoken like a true ASICMINER shareholder spreading Fear, Uncertainty, and Doubt about potential competitors...

Bitfury is very much real and a talented engineer.

assuming it is real, you could get buy an in hand avalon with the same gh for much cheaper

Obviously you don't know what I was talking about. What you probably refer to is the custom FPGA clusters they sold last year.
Here is the business plan of the 100TH-mine.

sunblaster

full member

Activity: 126

Merit: 100

Quote from: seleme on May 06, 2013, 06:52:34 PM

Quote from: sunblaster on May 06, 2013, 06:11:10 PM

Quote from: bcpokey on May 06, 2013, 05:31:57 PM

Quote from: ?? on ??

Where do I get me some shares?

Check the auction thread.

Quote from: sunblaster on May 06, 2013, 04:38:11 PM

How many usb asics at 2btc does it take to get 1THs at $10k? Grin

? Your question doesn't make sense. At 2btc for 300mhash it takes 3333 USB sticks (6666btc) for 1th, usd about 735,000. 10,000 usd would buy about 46 USB or 13800 gigahash

Using your own math to answer my very valid question:

- $735,000 to buy 1THs worth of ASICminer USBs
- $10,000 is ASICminer's cost of 1THs

Still confused? Tongue

But, but they are supporting network and bitcoin community... Grin

For that profit margin I would too Grin

pheaonix

sr. member

Activity: 392

Merit: 250

http://casinobitco.in/ A+ customer support

Quote from: mrb on May 06, 2013, 07:03:38 PM

Quote from: pheaonix on May 06, 2013, 05:37:53 PM

bitfury is a scam, and if it wasn't it wouldn't be competitive.

Spoken like a true ASICMINER shareholder spreading Fear, Uncertainty, and Doubt about potential competitors...

Bitfury is very much real and a talented engineer.

assuming it is real, you could get buy an in hand avalon with the same gh for much cheaper

Gator-hex

hero member

Activity: 490

Merit: 500

When someone corners the market, the market participants go an play elsewhere.
The winner of the ASIC wars is gonna be LiteCoin Tongue

mrb

legendary

Activity: 1512

Merit: 1028

Quote from: pheaonix on May 06, 2013, 05:37:53 PM

bitfury is a scam, and if it wasn't it wouldn't be competitive.

Spoken like a true ASICMINER shareholder spreading Fear, Uncertainty, and Doubt about potential competitors...

Bitfury is very much real and a talented engineer.

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

Quote from: sunblaster on May 06, 2013, 06:11:10 PM

Quote from: bcpokey on May 06, 2013, 05:31:57 PM

Quote from: ?? on ??

Where do I get me some shares?

Check the auction thread.

Quote from: sunblaster on May 06, 2013, 04:38:11 PM

How many usb asics at 2btc does it take to get 1THs at $10k? Grin

? Your question doesn't make sense. At 2btc for 300mhash it takes 3333 USB sticks (6666btc) for 1th, usd about 735,000. 10,000 usd would buy about 46 USB or 13800 gigahash

Using your own math to answer my very valid question:

- $735,000 to buy 1THs worth of ASICminer USBs
- $10,000 is ASICminer's cost of 1THs

Still confused? Grin

But, but they are supporting network and bitcoin community... Grin

sunblaster

full member

Activity: 126

Merit: 100

Quote from: bcpokey on May 06, 2013, 05:31:57 PM

Quote from: ?? on ??

Where do I get me some shares?

Check the auction thread.

Quote from: sunblaster on May 06, 2013, 04:38:11 PM

How many usb asics at 2btc does it take to get 1THs at $10k? Grin

? Your question doesn't make sense. At 2btc for 300mhash it takes 3333 USB sticks (6666btc) for 1th, usd about 735,000. 10,000 usd would buy about 46 USB or 13800 gigahash

Using your own math to answer my very valid question:

- $735,000 to buy 1THs worth of ASICminer USBs
- $10,000 is ASICminer's cost of 1THs

Still confused? Grin

pheaonix

sr. member

Activity: 392

Merit: 250

http://casinobitco.in/ A+ customer support

Quote from: gyverlb on May 06, 2013, 04:51:31 PM

Quote from: Coinmining on May 06, 2013, 02:31:33 PM

My question:

How is anyone, who has to buy there chips, is going to be able to compete with this?

The Avalon chips for instance, have a cost for the chips alone of about 33000$ for 1TH/s . This is without any extra design/production/etc costs...
BFL: cost of 1TH/s between 54800$ and 49960$

Am I missing something?

Bitfury and tytus seem to be flying under your radar.

I actually sold ASICMINER shares recently and bought some 100TH-mine shares with a part of the BTCs I got from the sell. There is risk involved in doing it (the 100TH-mine chips aren't yet delivered), but I'm already near breakeven with ASICMINER and if the 100TH-mine gets online this summer its shares are clearly undervalued compared to the ASICMINER ones which are probably still a bit undervalued today.

bitfury is a scam, and if it wasn't it wouldn't be competitive.

if tytus is real, and doesn't falter, it may be fine.

bcpokey

hero member

Activity: 602

Merit: 500

Quote from: ?? on ??

Where do I get me some shares?

Check the auction thread.

Quote from: sunblaster on May 06, 2013, 04:38:11 PM

How many usb asics at 2btc does it take to get 1THs at $10k? Grin

? Your question doesn't make sense. At 2btc for 300mhash it takes 3333 USB sticks (6666btc) for 1th, usd about 735,000. 10,000 usd would buy about 46 USB or 13800 gigahash

Coinmining

newbie

Activity: 34

Merit: 0

If you deploy the 1Th/s right now it would yield 170000 each month at a constant 10mio difficulty.

You can not deploy 1Th/s now, not by far...so you have to estimate when you have your 1 Th/s + you have to estimate the difficulty at that point.

This will result in a BIG difference from your calculations...

ScaryHash

hero member

Activity: 529

Merit: 501

Plugging in your numbers into bitcoinx calculator...

A 1 TH/s performance would yield 170,000 dollars in a month. Payback time is 9 days...

So, if it only cost $50k to make, that's 250% on a monthly basis. Power cost doesn't even figure into the calculation very much, even putting 2000 watts.

There is no way they would sell that. There would be no motivation to sell it.

I'm guessing power cost would be somewhat nontrivial, but I don't really have any basis for comparison.

gyverlb

hero member

Activity: 896

Merit: 1000

Quote from: Coinmining on May 06, 2013, 02:31:33 PM

My question:

How is anyone, who has to buy there chips, is going to be able to compete with this?

The Avalon chips for instance, have a cost for the chips alone of about 33000$ for 1TH/s . This is without any extra design/production/etc costs...
BFL: cost of 1TH/s between 54800$ and 49960$

Am I missing something?

Bitfury and tytus seem to be flying under your radar.

I actually sold ASICMINER shares recently and bought some 100TH-mine shares with a part of the BTCs I got from the sell. There is risk involved in doing it (the 100TH-mine chips aren't yet delivered), but I'm already near breakeven with ASICMINER and if the 100TH-mine gets online this summer its shares are clearly undervalued compared to the ASICMINER ones which are probably still a bit undervalued today.

sunblaster

full member

Activity: 126

Merit: 100

How many usb asics at 2btc does it take to get 1THs at $10k? Grin

Coinmining

newbie

Activity: 34

Merit: 0

I am comparing all the cost of all the mining power witch can be deployed in the near future.

Since Avalon and BFL are not intending to mine themselves, these are the costs to be compared.

cedivad

legendary

Activity: 1176

Merit: 1001

You are comparing the production costs of ASICMINER with the selling prices of Avalon and BFL.
Seriously?

glendall

legendary

Activity: 2156

Merit: 1018

Buzz App - Spin wheel, farm rewards

The more time that passes, the more ASICS will be available. It'll will balance out a bit, but ASICMINER is in position to be a leader for a long time coming.

ASICMINER is in fantastic shape any way anyone look's at it. They are off to the races... I recommend to you that you buy some of their stocks. If you can't beat'em, join'em.

Coinmining

newbie

Activity: 34

Merit: 0

Post of friedcat (owner ASICMINER) on the 3th of may:

Quote from: furuknap
I would love to know

1. What are the two-three month perspective on hashrate, earnings, and profitability
2. What are the funding requirements to reach those goals and how will that funding take place?
3. What is the current financial situation of the company (ie assets, liabilities, running costs, currency denominations, and so on)
4. What is the policy on managing capital (ie is it exchanged every week, do they set aside capital for unforeseen expenses, etc)

1. 62+200=262TH/s. Earnings and profitability highly depends on the competitors and how the price range the purchasers will accept after two to three months. And please bear in mind that they are perspectives, only bonds could usually give a fixed range of profit predictions.
2. The final margin cost for 1TH/s is less than 10k$, the actual number depends on the volatile price of PCB components. Installing and power bill are currently low. We will be self-funded.
3. We are virtually free of any liabilities at this moment. The rest, as said above, will be generated from our Bitcoins and fiat transactions as well as contracts.
4. They are all set aside as reserves for the future. We do not get the Bitcoins sold only one day before the merchants knock our door asking for payments.

My question:

How is anyone, who has to buy there chips, is going to be able to compete with this?

The Avalon chips for instance, have a cost for the chips alone of about 33000$ for 1TH/s . This is without any extra design/production/etc costs...
BFL: cost of 1TH/s between 54800$ and 49960$

Am I missing something?

Topic: Compeeting with ASICMINER seems impossible (Read 2202 times)