Quote from: hdbuck on June 03, 2014, 08:10:26 PM

Quote from: minerpumpkin on June 03, 2014, 08:06:26 PM

Quote from: hdbuck on June 03, 2014, 07:57:34 PM

Quote from: minerpumpkin on June 03, 2014, 07:44:17 PM

Like I already said, we're entering a more saturated market now - in comparison to last year. The competition is a lot stronger now and has good chips.

saturated? besides spondoolies that may be doing ok (yet there is no comparison in term of quantity, nor in business model), i dont see a single ASIC manufacturer that offer stable, affordable and instock products. bitmain's S2 are a total disaster, avalon i dont even talk about em, bitfury seems to be on the go now too but nothing really came out anyway etc etc.. for the last year, the ASIC market has been ruined and undermined by scammy commercial practices and chip design amateurism with all of them wanting to produce 28nm chips straight on & at all cost. AM is here to change that.

sure current btc bull market is quite worrying, but FC mentioned OTC channels in HK. plus if bitcoin price rise, chips price to mine them will follow too.

Bitfury just got a massive cash infusion and they're quite talented in doing effective designs in low-nm architectures. I really do think we shouldn't underestimate Spondoolies. They seem to know what they're doing and their next generation could be quite powerful.

OTC channels are a great solution! They won't offer a different price, though. I'm just worried that the price of the chips won't be adjusted as fast as the BTC price, additionally money needs time to trickle in and be converted. A month is an eternity in Bitcoin bull/bubble-world.

sure but bear in mind that not only AM will be stressed by that factor. all ASIC manufacturers will have to deal with it. and so far the only one that is already releasing new working chips is AM. not bitfury, nor spondo's nor no one. they're just not even in mass production phase. AM is.

Yeah but in our case this cuts the dividends. Spondoolies doesn't care since they're effectively operating in FIAT. (On a side-note: AM itself doesn't care either, it makes a lot of sense to conduct the core operation using USD)