ASICMINER: Entering the Future of ASIC Mining by Inventing It

[Lloydie]

Why would AM settle for less? As long as miners are profitable they must keep buying the most power efficient chips on the market. I think AM can sustain $0.8 profit per ghs for much longer than one month. The miners' margins and pcb manufacturer margins will need to be eroded first before AM needs to worry.

[minerpumpkin]

Why would AM settle for less? As long as miners are profitable they must keep buying the most power efficient chips on the market. I think AM can sustain $0.8 profit per ghs for much longer than one month. The miners' margins and pcb manufacturer margins will need to be eroded first before AM needs to worry.

Well yeah, but fc has stated that pricing will vary according to quantity and time of delivery (price will drop). Especially at the beginning, the chip amount will be limited by supply - they'll charge a higher price, but at some point supply may meet demand.
But even if we assume, there's an unlimited supply of chips, if AM ships 20 PH of chips in 1-2 months, they basically add 1/3 of the total network hashrate, effectively pushing the mining revenue down. After 1600 PH/s, a chip will make less than a 1/30 of what it would as a first-batch chip, no matter how fast AM churns out chips(!). And what about COMPETITORS?! - they'll blow up the total hashrate as well, so we're even talking a 1/60th or 1/100...
$1/GH/s all the way? I don't think so...

[Lloydie]

Why would AM settle for less? As long as miners are profitable they must keep buying the most power efficient chips on the market. I think AM can sustain $0.8 profit per ghs for much longer than one month. The miners' margins and pcb manufacturer margins will need to be eroded first before AM needs to worry.

Well yeah, but fc has stated that pricing will vary according to quantity and time of delivery (price will drop). Especially at the beginning, the chip amount will be limited by supply - they'll charge a higher price, but at some point supply may meet demand.
But even if we assume, there's an unlimited supply of chips, if AM ships 20 PH of chips in 1-2 months, they basically add 1/3 of the total network hashrate, effectively pushing the mining revenue down. After 1600 PH/s, a chip will make less than a 1/30 of what it would as a first-batch chip, no matter how fast AM churns out chips(!). And what about COMPETITORS?! - they'll blow up the total hashrate as well, so we're even talking a 1/60th or 1/100...
$1/GH/s all the way? I don't think so...

Not all of the way but much more than a month. Even if AM doubles current hash rate, I think miners' will still be profitable, especially the ones that bought AM chips. The AM miners will push out the less efficient chips from the market. The less efficient chip manufacturers will then have to drop their chip prices. This period should take a bit of time to play out, and AM should be able to keep generating supernormal profits as long as their chips have lower TCO during this period of maybe a few months.

[chriswilmer]

The ASICMINER winter has been a long one... really looking forward to spring...

[Swordsoffreedom]

The ASICMINER winter has been a long one... really looking forward to spring...

March 20 2014 is the official start of spring hopefully we do wake up from the long winter

[Swordsoffreedom]

The ASICMINER winter has been a long one... really looking forward to spring...

March 20 2014 is the official start of spring hopefully we do wake up from the long winter

That's a Thursday. Let's bump that to the 18th, shall we? 

He-he I agree with you on that one 18th is the best day for an awakening since we would all know what happens next 

[bitcoin.newsfeed]

The ASICMINER winter has been a long one... really looking forward to spring...

March 20 2014 is the official start of spring hopefully we do wake up from the long winter

So we have another date here. March 20th. May I ask from where you got this date? Thanks

That dust accumulating in mining address is maybe from some pool mining, assuming that AM joined some pool. It seems to me very small amount of BTC to be a BTC from chips sales, or pre-orders. And very periodical for franchiser.

[Swordsoffreedom]

The ASICMINER winter has been a long one... really looking forward to spring...

March 20 2014 is the official start of spring hopefully we do wake up from the long winter

So we have another date here. March 20th. May I ask from where you got this date? Thanks

I was referring to the Spring Equinox in the Northern Hemisphere
http://www.cute-calendar.com/event/first-day-of-spring/6383-northern-hemisphere.html

No special meaning behind the date other than I am also looking forward to the spring and the end of the ASICMINER winter and symbolically hope that the hash will arrive with the change of season

[bitcoin.newsfeed]

The ASICMINER winter has been a long one... really looking forward to spring...

March 20 2014 is the official start of spring hopefully we do wake up from the long winter

So we have another date here. March 20th. May I ask from where you got this date? Thanks

I was referring to the Spring Equinox in the Northern Hemisphere
http://www.cute-calendar.com/event/first-day-of-spring/6383-northern-hemisphere.html

No special meaning behind the date other than I am also looking forward to the spring and the end of the ASICMINER winter and symbolically hope that the hash will arrive with the change of season

Ah I see ... nope. Chips samples will be available in the mid April ... maybe, we "hope and believe™". Self-mining with them? Unknown.

[Chris_Sabian]

On AM value assuming $0.8 per ghs profit; at 200 PH production = 0.6 Btc per share. Anything more, we will be in Btc heaven.

If we're extrapolating: 1600 PH/s production at a profit of $0.80 per GH/s gives approximately XBT 4.8 per share. Not bad, huh?

If we're really looking at $0.8 profit per GH/s, we have to consider that this is only the price for the first month(s). The price for following batches will be lower, since mining will become less profitable. So only the first, say, 50 PH/s will make $0.8 per GH/s, afterwards we have to settle for less. That being said, it's not completely unreasonable to expect another 0.6 BTC per share coming from gen 3. Which would (still) be perfectly fine in my books...

This is a good write-up.  FC said that price would drop after the 1st order.

[lunarboy]

first block of the week 

[necro_nemesis]

first block of the week 

Great!. This week we'll upgrade from bread line to gruel.

[bitsalame]

[Fordee]

first block of the week 

Great!. This week we'll upgrade from bread line to gruel.

YAY Gruel!  er,  "Please Mr.Grilledcat Sir... May I have some more?"

[necro_nemesis]

first block of the week 

Great!. This week we'll upgrade from bread line to gruel.

YAY Gruel!  er,  "Please Mr.Grilledcat Sir... May I have some more?"

 

[antirack]

I've started a list with the world's largest mining clusters, AM is on it 3 times so far, and KNC kicking our ass with their 10MW in Sweden.

If anyone knows the total MW capacity of the original China facility, the second one (the first data center), or any satellite clusters that are publicly know, please PM or update the thread (do not reply here):

https://asktom.cf/index.php?topic=516114

[Fabrizio89]

Once again, no serious competition for AM? http://www.reddit.com/r/Bitcoin/comments/20ivoe/questioning_cointerra_cloudhashingcom_have_they/

[bitcoin.newsfeed]

Once again, no serious competition for AM? http://www.reddit.com/r/Bitcoin/comments/20ivoe/questioning_cointerra_cloudhashingcom_have_they/

Wow, great pick. Fucking scamland isn't it? but on the other hand, we don't know what is happening inside China's mining scene past year ... so no much better here non-transparent behavior, we were waiting months for gen2, then nothing, maintaining 10% promise? dick in hand ... now we're waiting for gen3 with "hope and believe™". Friedcat has last chance to safe honor of btc mining scene and securities.

[kaerf]

avalon is launching their gen 3 chip in about 1.5 days.

40nm, 7GH/s per chip, 5Watts, 0.775Watts per Gh/s
http://avalon-asics.com/

Friedcat, any updates? I'm most interested in whether AM chips are hitting estimated target specs.

[bitcoin.newsfeed]

avalon is launching their gen 3 chip in about 1.5 days.

40nm, 7GH/s per chip, 5Watts, 0.775Watts per Gh/s
http://avalon-asics.com/

How can we compare these? How to compare J/Gh with W/Gh, anyone? thanks

ASICminer : 40nm,   12.8GH/s per chip,   0.72V,   0.35J/GHash

AVALON :    40nm,   7GH/s per chip,        5Watts,  0.775Watts per Gh/s

from google >
Joules to watts calculation formula
The power P in watts (W) is equal to the energy E in joules (J), divided by the time period t in seconds (s):
P(W) = E(J) / t(s) >>> watt = joule / second

DC volts to watts calculation formula
The power P in watts (W) is equal to the voltage V in volts (V), times the current I in amps (A):
P(W) = V(V) × I(A)

EDIT : ning, thank you ! so ASICminer *theoretical* specs are at least 2x better than AVALON offering. Lets see if Friedcat is able to deliver.