ASICMINER: Entering the Future of ASIC Mining by Inventing It

[KS]

Tape Out signals the end of the _design phase_. NOT the same as _manufacturing_ (fabricating/"fabbing"). When you have *all* the requisites for fabbing, you still need to book a run. A rocket run can be as little as 45 days when a regular run is 10-26 weeks.

So no, Tape Out in January doesn't mean "chips in 3 weeks".

edit: and when the chips are done in silicon, you need to cut them up and put them in a package etc. Please lurk MOAR.

We get it. Nobody misunderstood that FC's estimation was not for completed 28nm chips. What we do know is 28nm chips are being developed and this is great news. Just because you can point out every step of the manufacturing process does not take away from the fact that 28nm chips are coming. So you can stop saying that they wont have working 28nm hardware by January because we know this already.

Please re-read the post chains. You seem to have missed the point entirely (which was to underline the fact that Tape Out does not equate "chips now" or "in three weeks"). Whatever else you infer was neither uttered nor implied.

And 28nm is not coming next. Next is 40nm.

[silverfuture]

he is obviously trying to pick some up for cheap.

This is what I was trying to do, too. 

It's what everyone will be trying to do before march.

[jimmothy]

Tape Out signals the end of the _design phase_. NOT the same as _manufacturing_ (fabricating/"fabbing"). When you have *all* the requisites for fabbing, you still need to book a run. A rocket run can be as little as 45 days when a regular run is 10-26 weeks.

So no, Tape Out in January doesn't mean "chips in 3 weeks".

edit: and when the chips are done in silicon, you need to cut them up and put them in a package etc. Please lurk MOAR.

We get it. Nobody misunderstood that FC's estimation was not for completed 28nm chips. What we do know is 28nm chips are being developed and this is great news. Just because you can point out every step of the manufacturing process does not take away from the fact that 28nm chips are coming. So you can stop saying that they wont have working 28nm hardware by January because we know this already.

Please re-read the post chains. You seem to have missed the point entirely (which was to underline the fact that Tape Out does not equate "chips now" or "in three weeks"). Whatever else you infer was neither uttered nor implied.

And 28nm is not coming next. Next is 40nm.

I was under the assumption that 40nm was gen2 and 28nm was gen3. Either way next gen chips are coming. Not now. Not january 20th. But they are coming.

Side note: Has anyone figured out how much more efficient next gen are supposed to be? If gen1 were 4.2W/gh and gen3 is 0.2W/gh that would make it around 20 times more efficient.

[dexX7]

I was under the assumption that 40nm was gen2 and 28nm was gen3. Either way next gen chips are coming. Not now. Not january 20th. But they are coming.

I think no one denied that. And I also think that teh baked cat will present something neat and shiny in some weeks or months. Not sure why your assumption is that people think AM that will fail at all.

I'm very happy about the news. A timeline is finally something solid. It's a trillion BTC years till then though, but at least this fact is known now and the uncertainty ends.

[empoweoqwj]

This is going to work out perfect. Dividends will dry up almost completely well before Gen3 is ready. Share prices will tend to zero, and I can pick up 100 more shares under a bitcoin in total 

[Vycid]

This is going to work out perfect. Dividends will dry up almost completely well before Gen3 is ready. Share prices will tend to zero, and I can pick up 100 more shares under a bitcoin in total  

And until then, as usual, there will be several rounds of people trying to pump the stock because they traded on sentiment and bought before the bottom.

Stick to the numbers. Bitcoins you cannot easily value. Companies are different.

[Vycid]

Well basically buying now is doing a Gen3 preorder. It isn't entirely wrong - but it is risky.
Unless I'm missing some of what you're saying, Vycid?

It's not like that, really.

This is a company, not a commodity. ASICMiner could have a TERRIFIC Gen 3 product and still have profit margins one or two orders of magnitude slimmer than they did for Gen 1. That's the myopia here... Have you guys forgotten ASICMiner's first blades were auctioned off at 75BTC each? What do you suppose the profit margin was on that, 1000%? 10000%?

There's too much looking at the past, saying "Oh, 0.4BTC is a great price, it traded at 5BTC once!"

The reality of the situation is that 0.4BTC isn't a great price.

And this reality is exactly what I was talking about all those months ago when I said, over and over, the profit margins would not hold.

Basically, if everything goes great, I can see 0.3BTC a share in a few months - it remains my long term price target, seeing as there was no doomsday announcement. If not, there's no telling how low things can go.

[dexX7]

Well basically buying now is doing a Gen3 preorder. It isn't entirely wrong - but it is risky.
Unless I'm missing some of what you're saying, Vycid?

Do you remember the press release from eASIC/ActM and the market reaction and trading afterwards? Kinda reminds me of that.

[Vycid]

Well basically buying now is doing a Gen3 preorder. It isn't entirely wrong - but it is risky.
Unless I'm missing some of what you're saying, Vycid?

Do you remember the press release from eASIC/ActM and the market reaction and trading afterwards? Kinda reminds me of that.

Oh, yeah. I do remember. I never really even bothered posting in those threads because there was no thinking, just reacting.

Here people at least took the time to try to argue with me before calling me names.

[empoweoqwj]

Well basically buying now is doing a Gen3 preorder. It isn't entirely wrong - but it is risky.
Unless I'm missing some of what you're saying, Vycid?

Do you remember the press release from eASIC/ActM and the market reaction and trading afterwards? Kinda reminds me of that.

If you see any connection between ActM and AM, I really don't know what to say apart from one was a complete buffoon operation and the other is the opposite.

[neo_lee]

good news

[rograz]

"<0.2W per G on low power mode and <0.2$ per G on wafer cost. "

Can someone let us know how this fares against the best competition around at the moment? thx

Hard to say since most of the ASIC companies seems to be focusing on max OC with their chips atm and no one has really posted max efficiency numbers. I would imagine cointerra would get similar results if they tried undervolting their chips, the question is always how much hashrate you have to give up to get there.

[BitThink]

What's the final watt/G on wall for the miner do you think. Take the Bitmain's data as an example: their chips are 0.68J/GH and the miner is 2watt/G. The AM Gen3 is less than 0.2J/GH, what will be the value of the miner? Is it more like 2 / 3.5 = 0.57 Watt/G, or more like 0.2 + (2 - 0.68) = 1.52 Watt/G, or something in between?

Anyway, the Gen1 is around 7.5Watt/G, so at least there will be 80% reduction. In other words, if AM replaces all the chips in old data center, the hashing rate will increase from 60T to 300T. (Not saying this is important, but just trying to answer a question asked couple of posts before).
 

[JimmyJazz]

Well basically buying now is doing a Gen3 preorder. It isn't entirely wrong - but it is risky.
Unless I'm missing some of what you're saying, Vycid?

Do you remember the press release from eASIC/ActM and the market reaction and trading afterwards? Kinda reminds me of that.

If you see any connection between ActM and AM, I really don't know what to say apart from one was a complete buffoon operation and the other is the opposite.

One will be starting to hast at the of the month and the other is still trying to figure out what route it will take?

[empoweoqwj]

Well basically buying now is doing a Gen3 preorder. It isn't entirely wrong - but it is risky.
Unless I'm missing some of what you're saying, Vycid?

Do you remember the press release from eASIC/ActM and the market reaction and trading afterwards? Kinda reminds me of that.

If you see any connection between ActM and AM, I really don't know what to say apart from one was a complete buffoon operation and the other is the opposite.

One will be starting to hast at the of the month and the other is still trying to figure out what route it will take?

So you are saying ActM has currently mined 0 bitcoins? If so, its not a great track record compared with AM.

Or should we compare the IPOs? I was there when Ken couldn't tell his arse from his elbow when attempting to IPO. Completely clueless.

As for "still trying to figure out what route to take", sorry, lost me there .... the AM path is pretty well mapped out.

[Kouye]

At this point I'm baffled that share price is even at this measly 0.4BTC price point.

Well, the mining wallet has already 278.67567769 BTC.

For the last dividend 329.70382331 BTC were transfered from the mining wallet.

Mining wallet @ 354, now.

[silverfuture]

At this point I'm baffled that share price is even at this measly 0.4BTC price point.

Well, the mining wallet has already 278.67567769 BTC.

For the last dividend 329.70382331 BTC were transfered from the mining wallet.

Mining wallet @ 354, now.

Yes, plus there is at least 9000 btc incoming from cube sales.  Preorder? Yeah, a preorder that pays you nice divs while waiting for the motherload.

[szmarco]

At this point I'm baffled that share price is even at this measly 0.4BTC price point.

Well, the mining wallet has already 278.67567769 BTC.

For the last dividend 329.70382331 BTC were transfered from the mining wallet.

Mining wallet @ 354, now.

Yes, plus there is at least 9000 btc incoming from cube sales.  Preorder? Yeah, a preorder that pays you nice divs while waiting for the motherload.

9000 BOX <> 9000BTC.

[apollojmr]

10-21-2013 AM was 1.06 a share. Lets hope it can get there again soon.

[silverfuture]

What, 9000? There's no way that could be right.

Update

Current Hardware Sales
The number of cubes left for sale/deployment is 9000. About 1/3 are ordered already. All older devices (USBs/new blades) are sold out.