Ninjastic
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Board Mining speculation
Re: Asicminer News 15-30% of Network
by
RoadStress
on 30/07/2014, 21:49:59 UTC
Quote from: elasticband on July 30, 2014, 09:00:29 PM
Quote from: RoadStress on July 30, 2014, 08:54:17 PM
Quote from: jimmothy on July 30, 2014, 10:47:21 AM
Quote from: RoadStress on July 30, 2014, 05:35:12 AM
You should read again their last financial statement.

Last I checked they had 60PH which was completely paid for.

That's only the chips, but AM needs money for the rest of the components in order to start hashing. Also having cheap electricity available and high power capacity doesn't mean anything. It still takes some money to build a functional DC (need wiring, cabinets, cooling etc).

jimmothy how much $/GH do you think AM needs to start hashing considering they only have the chips right now?

AM owned 30% of the network with a large portion of their hashrate running out of what looked like a chicken shed...... it was mining at it's best.

I know, but owning 30% of a small network is easy. Doing it right now seems a much harder job. They will need a lot of chicken sheds for that and they don't come for free. If AM claims they are self-mining since July they should post the mining address so that everyone can see their speed, but that won't happen very soon because they are just too small. If they owned at least 20 PH right now they would've bragged about it in order to boost the shares price.