ASICMINER: Entering the Future of ASIC Mining by Inventing It

[rudi]

Looks like we were just really lucky in the previous day. Otherwise we would probably have found another block by now if it was a hardware boost.

The alternative explanation is that there was a hardware boost, and now we're really unlucky!

That's OK, I'm not expecting any significant hashing until May.

Or the hardware has been taken offline again.

[Pompobit]

Looks like we were just really lucky in the previous day. Otherwise we would probably have found another block by now if it was a hardware boost.

The alternative explanation is that there was a hardware boost, and now we're really unlucky!

That's OK, I'm not expecting any significant hashing until May.

The alternative explanation could be it was an hardware test

[minerpumpkin]

Yes, if it was a hardware boost, one can assume that they maybe tested the hardware 1/2 days and are now continuing optimizing their boards. So I wouldn't be surprised about them putting the new chips on and off the network repeatedly...

[freedomno1]

I just got word that the next announcement is now expected to be given 'after the first week of March' and that 'everything is still on track'.
So don't hold your breath for an announcement today or tomorrow, but I feel that said announcement will be the publication of the final specifications and the details on how to order gen3 chips.

Well now I'm bullish although will still keep following based on Friedcats timeline
Although if FC is testing new hash it seems to be doing great

[Sledge]

Mining difficulty also jumped within the last day right?

The hash rate did jump, but it isn't because of Asicminer, because hash rate is calculated from blocks/s, and since the difficulty readjustment, Asicminer has not mined any blocks, therefore is not the one contributing to the hash rate calculation.

[eiprol]

Mining difficulty also jumped within the last day right?

The hash rate did jump, but it isn't because of Asicminer, because hash rate is calculated from blocks/s, and since the difficulty readjustment, Asicminer has not mined any blocks, therefore is not the one contributing to the hash rate calculation.

I think that what unlimited_power says is that now, with the difficulty readjustment, the boost we had could have become not enough to get a new block that soon; not that AM had contributed to that difficulty readjustment... So, if our 5 blocks found yesterday were due to an increase of hashing and not just good luck, the new difficulty could be avoiding us to get a new block yet. (I suppose we will se in a few hours)

Or maybe, it could be real hashing power that has been already taken offline, as someone points...

[hdbuck]

Mining difficulty also jumped within the last day right?

The hash rate did jump, but it isn't because of Asicminer, because hash rate is calculated from blocks/s, and since the difficulty readjustment, Asicminer has not mined any blocks, therefore is not the one contributing to the hash rate calculation.

I think that what unlimited_power says is that now, with the difficulty readjustment, the boost we had could have become not enough to get a new block that soon; not that AM had contributed to that difficulty readjustment... So, if our 5 blocks found yesterday were due to an increase of hashing and not just good luck, the new difficulty could be avoiding us to get a new block yet. (I suppose we will se in a few hours)

Or maybe, it could be real hashing power that has been already taken offline, as someone points...

I just cant see how AM could've found those 5 blocks recently if they've had the same hashrate and considering a difficulty increase of about 400% during the last 90 days

[eiprol]

Mining difficulty also jumped within the last day right?

The hash rate did jump, but it isn't because of Asicminer, because hash rate is calculated from blocks/s, and since the difficulty readjustment, Asicminer has not mined any blocks, therefore is not the one contributing to the hash rate calculation.

I think that what unlimited_power says is that now, with the difficulty readjustment, the boost we had could have become not enough to get a new block that soon; not that AM had contributed to that difficulty readjustment... So, if our 5 blocks found yesterday were due to an increase of hashing and not just good luck, the new difficulty could be avoiding us to get a new block yet. (I suppose we will se in a few hours)

Or maybe, it could be real hashing power that has been already taken offline, as someone points...

I just cant see how AM could've found those 5 blocks recently if they've had the same hashrate and considering a difficulty increase of about 400% during the last 90 days

That's my thought too; maybe the testing has already finished and they have taken off those new minners, but I really think that we had a considerable boost on mining for a couple of days...

[necro_nemesis]

I'm just a newb shareholder but is the red spike on this chart of any significance?
http://www.asicminercharts.com

[dhenson]

I'm just a newb shareholder but is the red spike on this chart of any significance?
http://www.asicminercharts.com

Unless we hear otherwise, or the trend continues we really have to chalk it up to extreme variance.

[necro_nemesis]

I'm just a newb shareholder but is the red spike on this chart of any significance?
http://www.asicminercharts.com

Unless we hear otherwise, or the trend continues we really have to chalk it up to extreme variance.

So the chart is depicting blocks solved rather than hash rate as stated?

[dhenson]

So the chart is depicting blocks solved rather than hash rate as stated?

Correct.  It's really a hash rate estimation.

[necro_nemesis]

So the chart is depicting blocks solved rather than hash rate as stated?

Correct.  It's really a hash rate estimation.

Thanks. Looking at the historical rates, that's quite a variance. I was comparing percentages of the network and AM was roughly equivalent to Slush who typically find 4 or so blocks daily currently so I don't see this number as an anomaly but the previous hash rate I would expect to be higher unless of course that percentage is reflected in this spike and all comparisons are results from blocks found.

[Lloydie]

I was thinking about the blocks and hashrate stuff. Even if FC was testing, one could not reasonably expect a very large increase in hashrates from a few test machines? Just wondering out loud...

[necro_nemesis]

Agreed and from friedcats statement from the 10th of December the strategic plan was to supply more ASICs to market over construction of mining operations at that time. I believe they retained the power edge they were looking for to mine. Physics which determines the cost to run hardware is going to be the limiting factor to profit from mining in time. Now if you're catering to shareholders you're emphasis on various strategies may read slightly different than if you're attempting to sell ASICs. For the latter you really don't want to present yourself as putting a large volume of ASICs into play which compete directly with the hardware you're selling. I would have to say watching for indicators isn't necessarily a complete wasted effort in the absence of an official release of information.


How will Gen 3 be divided between mining, franchising and hardware sales?
It depends on the users of our chips. It is a safe bet that we will be moving more to pure chip distribution. But if the edge of low cost on whole devices and deploying still exists in 2014 on our side, we will do more mining/franchising/hardware sales ourselves.

Either way it's beneficial for AM to have the flexibility to work various strategies.

[hdbuck]

...

How will Gen 3 be divided between mining, franchising and hardware sales?
It depends on the users of our chips. It is a safe bet that we will be moving more to pure chip distribution. But if the edge of low cost on whole devices and deploying still exists in 2014 on our side, we will do more mining/franchising/hardware sales ourselves.

Either way it's beneficial for AM to have the flexibility to work various strategies.

they're just going to rule the whole industry. 

[necro_nemesis]

I am running under the assumption that dividends are transferred directly into my Havelock Investments account as free balance without requiring any additional action. Is this correct assumption and what happens when shares are transferred to direct shares?

[minerpumpkin]

I am running under the assumption that dividends are transferred directly into my Havelock Investments account as free balance without requiring any additional action. Is this correct assumption and what happens when shares are transferred to direct shares?

Yes. The dividends of direct shares go directly to the address that holds the respective shares.

The address just received some BTC. Not a new block, but apparently some pool or franchising. Maybe they've hooked the supposedly new hardware up to a pool and won't see the results until a payout occurs Speculating is fun.

[necro_nemesis]

Hmmm. I believe what I see in my Havelock account may the result of being the beneficiary of that but I'm doubtful as it coincides with stock purchase. What was the timestamp on the deposit?

Maybe AM is so wonderful they reward you for buying shares. 

[explorer]

Hmmm. I believe what I see in my Havelock account may the result of being the beneficiary of that but I'm doubtful as it coincides with stock purchase. What was the timestamp on the deposit?

Maybe AM is so wonderful they reward you for buying shares. 

look at the bottom of your Account Overview  page for most recent transactions. Click Transactions in the right sidebar For a full list. Each transaction has a description.