Quote from: jimmothy on October 26, 2013, 12:05:51 AM

Quote from: realdos on October 25, 2013, 11:18:53 PM

Quote from: KCBitcoin on October 25, 2013, 07:05:30 PM

Quote from: realdos on October 24, 2013, 07:27:51 PM

http://v.youku.com/v_show/id_XNjI1OTIxMTc2.html

One of our group members in Chinese community had an interview with Friedcat today. Above is the brief introduction of what Friedcat has done and planned to be accomplished in the next months.
To be short:
1. 1000T would be released around Nov 7th. These chips may be sold or deployed, depending on the situation then.
2. 2nd Gen chips have already been developed long time ago. But they were delayed to deploy considering the unsatisfactory performance.
3. 3rd Gen chips were also under development during that period. It is already developed now but still under test. It is expected to become a mature product in Feb 2014, which means its key indicators would be much better than those of its competitors. It is estimated that the network hashing power would be 1000p then, while Friedcat would deliver several hundred of it.

Hi Realdos,

I think friedcat played some word game here.
From 1:45 to 2:06 in the video, the girl said friedcat told her that, by Nov 7th, he will have sold a total amount of 1000T since the beginning of this mining business.
i.e. this 1000T is a grand total counting all the hardware sold in the past, not that he will release another 1000T around the 7th.

KC

Hi KC,

As I talked to the interviewer last night, she confirmed what you guess that by Nov 7th he will have sold a total 1000T rather than another 1000T. FC didn't play the word game. It's me who didn't translate the content accurately and made people here confused. Sorry for that.

Thanks for clearing up confusion.

So what is AsicMiners game plan? Hardware sales (in which case mining will probably be unprofitable for everyone if successful) or mining dividends?

What I don't understand is why AM would be selling 10 times the amount of hashrate it has (supposedly about 25% of total bitcoin hashrate @ 4ph) when its main source of income as far as I know is mining dividends. Is AM making a considerable profit from asic sales that make it more profitable than mining solo? Is solo mining even profitable? Guess we will have to wait till oct 27th for the financial details.

I now somewhat see this as bad news that 1000 th/s total will be from AM but only hashing 100 th/s themselves I would much rather the numbers be 100th/s total and 100th/s themselves but then again I'm sure whoever bought the 1000th/s would have bought from bfl or bitfury either way.

1 most miners cannot break even, so apparently sales bring more benefit than self mining.

2 self mining with 1000TH gen1 needs more than 20 datacenters as large as the current one.