UPDATE (4/20): The winners have been announced, and paid ฿75-76 each for each of the cards. This netted shareholders an estimated 0.00188 per share. Friedcat has announced this is only the first of a series of auctions so ASIC Miner share holders can expect these special dividends more frequently in the coming weeks.
ASIC Miner, the first public ASIC mining company, has announced they will be auctioning off their first generation 10 GH/s ASIC mining cards. Friedcat is in the process of updating from an estimated 10 TH/s up to 50 TH/s. He had alluded to the concept several times in his public statements that he would first auction off old boards, then auction off excess production of new boards that he is not able to host in his mining facility. Friedcat was kind enough to include a 72-hour countdown to auction expiration in his post (as of posting this article, there are 2 days and 4 hours left).
The ASIC Block Eruptor Blades were described in detail in the post:
Each of them outputs at least 10G hashes per second. They work well separately, yet are extensible to larger scale. Our entire farm is built up from them. The blades in our mining farm have been running during the last two months. From our experience, they are stable and robust. We list the key features of this product here:
ASIC-Powered Efficiency Each blade consists of 32 hashing chips. It has the baseline speed of 10GHash/s, the rated speed of 10.752GHash/s, and the maximum speed of 12.829GHash/s with overclocking and proper cooling. The power consumption is 83Watts per blade in room temperature on rated clock and voltage.
Modularity Each blades consists of a hasher, a power module, and an Ethernet controller. Each of them is easily replacable.
Independence The blades can be directly plugged to the internet and mine after configuration, with no host PCs needed.
Quick Installation The setup is almost self-explained. After assembly and powering up, access 192.168.1.254:8000 from your PC for configuration.
He was careful to mention that housing for the blades would not be included, however Also included was an album of the blades being auctioned:
Current bidding is at ฿61 and rising quickly -at current network difficulty this would mean a 150 days to break even per card. Friedcat will however be shipping immediately from his facility in China, so a knowledgeable miner should be able to get hashing shortly after winning the auction.
ASICMiner shares rose sharply from ฿0.8 to ฿1.3 in early trading. It is expected that revenues raised from selling these cards will be returned as dividends to investors. At ฿60 per card for 10 cards, this will return an estimated ฿0.0015 in additional dividends per share when the weekly dividend is distributed next Thursday.
+60% increase in value over night – not bad for shareholders
For more information on publicly traded bitcoin mining companies, checkout our focus article Bitcoin mining – public companies
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