From a game theory standpoint, one could say that what ASICMiner is saying is:
"Look, we have hegenomy in bitcoin. We will extract a tax of X% (currently around 25%) of the bitcoins generated. We have the technological power -currently- to defend that tax up to around a total network hash rate of 4 PetaHash. We have and continue to pay much of that out to our shareholders.
It is in our interest to keep mining competitive, beyond our established position. If current potential providers of technology fail to provide the products in a timely fashion, we will provide products at a cost that the market can accept, but which will provide users with a rate of return that will not be better than that available to our shareholders."
There is a line from an old Robin Williams movie, Club Paradise, spoken after he secretly sees the plans for his island by powerful interests seeking control:
"We've seen the future, Spunky, and we ain't in it."
Topic: [Update - more pics on Shanghai!] Beijing and Shanghai conference news - page 3. (Read 5807 times)
June 29, 2013, 08:54:14 PM
June 29, 2013, 08:15:45 PM
Thanks for this info peetah. Were you present at 1 of the 2 press events? Or are you reading about it online?
June 29, 2013, 08:03:43 PM
Just some speculation... I find it incredibly odd that two conferences were held at the same day at two different cities. I can't help but suspect that this is how it went down: asicminer had the whole event planned ahead of time. But once they found out somebody was trying to steal the limelight from them with some push for pre ordering vaporware, they got pissed off. It's like a direct challenge to their undisputed no.1 hashing power in the world.
And so, they reached into their deep R&D pockets to pull out a pcb board design from Avalon chips and slipped it into the show. People who get the hint will understand that while others are taking money for vaporware, asicminer already have a finished product that they aren't even bothered to sell yet.
Wouldn't be surprising... where else will they get 1P hash rate without factoring some contribution from Avalon chips? Who else would be faster at successfully developing clone asic machines from chips? They probably had a batch 1 reverse engineered ahead of time too.
And so, they reached into their deep R&D pockets to pull out a pcb board design from Avalon chips and slipped it into the show. People who get the hint will understand that while others are taking money for vaporware, asicminer already have a finished product that they aren't even bothered to sell yet.
Wouldn't be surprising... where else will they get 1P hash rate without factoring some contribution from Avalon chips? Who else would be faster at successfully developing clone asic machines from chips? They probably had a batch 1 reverse engineered ahead of time too.
Great they already Reverse Engineer Avalon Asic Chip.
June 29, 2013, 07:48:22 PM
It's only a hundred to two hundred headcount event. I think the main target was the press, so announcement to the relevant editors was probably made, which allowed the public to catch on later... chips are Avalon chips... not sure why the mining pool didn't demo mining with asicminer blades though, that would have made more sense. Perhaps the pool is geared towards Avalon miner performance?
June 29, 2013, 07:44:26 PM
Interesting thing to note that two of the pcb boards are completely made from Avalon chips named Beehive.
what does this mean? the PCBs are made from one company to avalon and asicminer? or the chips are the same? - -
June 29, 2013, 07:38:36 PM
They even didn't annonce the day of conference? It was like a random conference?
June 29, 2013, 07:26:41 PM
Just some speculation... I find it incredibly odd that two conferences were held at the same day at two different cities. I can't help but suspect that this is how it went down: asicminer had the whole event planned ahead of time. But once they found out somebody was trying to steal the limelight from them with some push for pre ordering vaporware, they got pissed off. It's like a direct challenge to their undisputed no.1 hashing power in the world.
And so, they reached into their deep R&D pockets to pull out a pcb board design from Avalon chips and slipped it into the show. People who get the hint will understand that while others are taking money for vaporware, asicminer already have a finished product that they aren't even bothered to sell yet.
Wouldn't be surprising... where else will they get 1P hash rate without factoring some contribution from Avalon chips? Who else would be faster at successfully developing clone asic machines from chips? They probably had a batch 1 reverse engineered ahead of time too.
And so, they reached into their deep R&D pockets to pull out a pcb board design from Avalon chips and slipped it into the show. People who get the hint will understand that while others are taking money for vaporware, asicminer already have a finished product that they aren't even bothered to sell yet.
Wouldn't be surprising... where else will they get 1P hash rate without factoring some contribution from Avalon chips? Who else would be faster at successfully developing clone asic machines from chips? They probably had a batch 1 reverse engineered ahead of time too.
June 29, 2013, 07:05:11 PM
any friedcat photos ?
June 29, 2013, 07:03:55 PM
June 29, 2013, 06:51:24 PM
Addendum, the vice Dean was also professor of finance.
Some pics of the Beijing conference to come from twitter accounts, but they're not to good, please bear with me until I get more pics.
Some pics of the Beijing conference to come from twitter accounts, but they're not to good, please bear with me until I get more pics.
June 29, 2013, 06:47:18 PM
Urgh.... just got up from five hours sleep...
Beijing was populated with more distinguished speakers. There was an analysis from a vice-dean from the RenMinDaxue university (read: Ivy League ) on the economics of bitcoin. He was to the analysis of the 'hoarding will kill bitcoin'. Then there was an Australian Bitcoin market site showcasing, asicme explaining their hardware.
Specific to this custom hardware forum is asicme which is another Avalon clone company. I believe it's the fourth or fifth of such companies that have propped up recently, except this one is selling pre-orders / vaporware and the others have taken a mainly chips to board, chips to machine service, pricing in renminbi.
Regardless of whether this is a push for pre order money, this is an interesting development as it is the first event marketing approach for asic. (oddly Avalon has yet to do event marketing, but that's cos they don't need it). If this picks up, we might get a lot more event marketing on hardware on this side. With five competitors in the market, I can only foresee a pricewar based on volume...
Beijing was populated with more distinguished speakers. There was an analysis from a vice-dean from the RenMinDaxue university (read: Ivy League ) on the economics of bitcoin. He was to the analysis of the 'hoarding will kill bitcoin'. Then there was an Australian Bitcoin market site showcasing, asicme explaining their hardware.
Specific to this custom hardware forum is asicme which is another Avalon clone company. I believe it's the fourth or fifth of such companies that have propped up recently, except this one is selling pre-orders / vaporware and the others have taken a mainly chips to board, chips to machine service, pricing in renminbi.
Regardless of whether this is a push for pre order money, this is an interesting development as it is the first event marketing approach for asic. (oddly Avalon has yet to do event marketing, but that's cos they don't need it). If this picks up, we might get a lot more event marketing on hardware on this side. With five competitors in the market, I can only foresee a pricewar based on volume...
June 29, 2013, 12:13:59 PM
Asicminer announces 800 to 1000T for second half of year finally reaching 1P of hash rate. They also announced the development of a lower nm (maybe 55 or 65) which maybe announced over the next week.
The speakers started with Tencent representative laying the basics for bitcoin. Btc123 forum followed up with in depth explanation on blockchain. Asicminer then took the stage on their share price history. Whole event took about five or six hours.
More news coming in...
The speakers started with Tencent representative laying the basics for bitcoin. Btc123 forum followed up with in depth explanation on blockchain. Asicminer then took the stage on their share price history. Whole event took about five or six hours.
More news coming in...
Ermm..... so they're going to take the entire network? Even with everyone shipped, that's on a scale like we've never seen and will kill all mining.
It is ASICMINER.. they will likely in total produce 1 PH/s of hardware and sell sufficient quantities so as to not risk the chances of a 51% attack.
June 29, 2013, 12:08:37 PM
Asicminer announces 800 to 1000T for second half of year finally reaching 1P of hash rate. They also announced the development of a lower nm (maybe 55 or 65) which maybe announced over the next week.
The speakers started with Tencent representative laying the basics for bitcoin. Btc123 forum followed up with in depth explanation on blockchain. Asicminer then took the stage on their share price history. Whole event took about five or six hours.
More news coming in...
The speakers started with Tencent representative laying the basics for bitcoin. Btc123 forum followed up with in depth explanation on blockchain. Asicminer then took the stage on their share price history. Whole event took about five or six hours.
More news coming in...
Ermm..... so they're going to take the entire network? Even with everyone shipped, that's on a scale like we've never seen and will kill all mining.
So How Buy Bitcoin when is low and sell them when is high?
June 29, 2013, 11:00:54 AM
Asicminer announces 800 to 1000T for second half of year finally reaching 1P of hash rate. They also announced the development of a lower nm (maybe 55 or 65) which maybe announced over the next week.
The speakers started with Tencent representative laying the basics for bitcoin. Btc123 forum followed up with in depth explanation on blockchain. Asicminer then took the stage on their share price history. Whole event took about five or six hours.
More news coming in...
The speakers started with Tencent representative laying the basics for bitcoin. Btc123 forum followed up with in depth explanation on blockchain. Asicminer then took the stage on their share price history. Whole event took about five or six hours.
More news coming in...
Ermm..... so they're going to take the entire network? Even with everyone shipped, that's on a scale like we've never seen and will kill all mining.
June 29, 2013, 10:52:58 AM
Not a pair of Reebok classics in sight,
fuckin peasants
cheers
kev
June 29, 2013, 10:50:18 AM
Just a heads up, this conference is not like San Jose or any other conference by bitcoin foundation. It is more of a press gathering slash bitcoin fanatic event. Each lasts about five or six hours. I get different figures on headcount but the feeling is that Beijing was more successful with 200 peeps and more press while Shanghai was around 100.
My guess is that a group of people foot the bill for both events, each to their own purposes (suck in more money perhaps? )
My guess is that a group of people foot the bill for both events, each to their own purposes (suck in more money perhaps? )
June 29, 2013, 10:41:18 AM
Asicminer announces 800 to 1000T for second half of year finally reaching 1P of hash rate. They also announced the development of a lower nm (maybe 55 or 65) which maybe announced over the next week.
The speakers started with Tencent representative laying the basics for bitcoin. Btc123 forum followed up with in depth explanation on blockchain. Asicminer then took the stage on their share price history. Whole event took about five or six hours.
More news coming in...
The speakers started with Tencent representative laying the basics for bitcoin. Btc123 forum followed up with in depth explanation on blockchain. Asicminer then took the stage on their share price history. Whole event took about five or six hours.
More news coming in...
June 29, 2013, 10:25:11 AM
Interesting news. Did the board which reached 320 have standard cooling?
June 29, 2013, 10:17:08 AM
Correction his handle is 七彩神仙鱼, rainbow angel fish.
June 29, 2013, 10:09:34 AM
Resident guru discuss fish at the Shanghai conference
After explaining [/showing off] the pros and cons of his debut mining pool, he proceeds to run a mixture of pcb boards in Avalon machines live on stage.
Interesting thing to note that two of the pcb boards are completely made from Avalon chips named Beehive.
A demo was done with a single original Avalon board, then a single Beehive board, a mix of both Avalon and Beehive together. Then to show off the overclocking abilities of new board designs they went to 320 MHz with the new Beehive board. HW rates were kept low perhaps to indicate stability of both the hardware and the pool. The dual board setup reached 48 gigs comfortably.
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