Amazon.com: DragonX Antminer S9 14.0TH/s 16nm ASIC Bitcoin

Antminer S9 ~14.0TH/s @ .098W/GH 16nm ASIC Bitcoin Miner Power Supply Included

submitted by ecryptostore to u/ecryptostore [link] [comments]

FIGHTING FUD: Bitmain's IPO to the US raising more than $1 billion

Bitmain's IPO to the US is coming soon, raising more than $1 billion: core financial data exposure

Key Points:
Chinese Article HERE.
In June of this year, Bloomberg broke the news that Bitmain has started IPO matters in the United States, and will submit a prospectus application by the end of July at the erliest. Today, in July, there are still no public offering documents on Bitmain.
But another mining machine manufacturer, Jia Nan Zhizhi, has secretly submitted a listing application to the US Securities and Exchange Commission (details: Jia Nan, the world's second-largest bitcoin mining machine manufacturer, has secretly submitted a listing application to the SEC).
However, Uncle C recently got the latest financial information from Bitmain, and may share some of the core data with you.
On September 26, 2018, Bitmain submitted a prospectus application document to the Hong Kong Stock Exchange. The document shows that the two founders, Jank Group and Wu Jihan, are major shareholders, holding 36% and 20% respectively.
Since its inception, Bitmain has mainly obtained three rounds of financing, which took place in August 2017, June 2018 and August 2018. Among them, Bitmain completed more than $700 million in financing in the second half of 2018.
At the time of the release of the prospectus, the proportion of shares held by major investment institutions was small: Sequoia Capital held approximately 3.14%, Innovation Works held approximately 1.13%, Temasek held 0.35%, IDG Capital and Beijing IC Industry The International Fund holds 0.02% and 0.07% of the shares respectively.
Valuation of Bitmain to $13 billion -$15 billion US dollars
The above-mentioned investors gave the information that Bitmain tried to raise $1 billion to $1.5 billion in the estimated IPO of $13 billion to $15 billion .
If the valuation is true, it will increase slightly from the valuation of around US$12 billion in the second half of 2018, and will be much higher than the “only” 500 given by the Hurun Greater China Unicorn Index in January this year. The valuation of 100 million yuan, although Bitmain ranked 11th in this list.
It is clear that the financial data of Bitmain is re-optimized. Uncle C also got the financial statements of Q1 Bitmain in China this year.
March profit of $315 million
In the first quarter of 2019, Bitmain's total operating income was US$1.082 billion, of which revenues for the first three months were 253 million, 253 million and 579 million , respectively ; gross margins were 7.91 million, 14.7 million and 25.21 million respectively. The US dollar; net profit reached $315 million in March alone, and $345 million and $280 million in losses in January and February, respectively.
From the perspective of net profit and gross profit, the data is obviously not so satisfactory. To this end, Bitcoin’s internal view is that in the first quarter, mainly in clearing inventory, especially at low prices, 16nm mining machine inventory, resulting in lower gross profit margin; after the completion of the old product clearance, sales of 7nm mining machine new products Will lead to an increase in gross profit margin, and the gross profit margin in April is expected to reach 30%.
It is expected that the fourth quarter will usher in an outbreak
In addition, given that the mining machine belongs to futures products and has placed 200 million 7nm chips in TSMC, Bitmain expects earnings to achieve explosive growth in Q4.
For the new 7nm mining machine, Bitmain's internal view said that the concept of the 7nm mining machine was proposed in 2018 and is currently done in China and Japan; Bitmain is the only 7nm mine with mass production and delivery capabilities. Machine manufacturers.
Here, Uncle C feels that it is advisable to make an intuitive comparison with the prospectus. According to the prospectus, the revenue, gross profit and after-tax profit of Bitcoin in 2017 were 274 million, 134 million and 83 million US dollars respectively; while the full year 2017 revenue, gross profit and after-tax profit were 2.518 billion, 12.13 respectively. Billion and $701 million. From this data, the main source of contribution to the annual income is obviously dependent on the performance in the second half .
Therefore, Bitmain's sales forecast for the whole year is that Q3's cash flow will be stronger due to the customer's prepaid mining machine, but because of the small inventory, TSMC needs 3 to 4 months to produce, so Q4 will be the main issue. The time node for goods and revenue recognition.
In addition to the 7nm mining machine mentioned above, the AI ​​product line is also the direction of development of Bitcoin this year.
Uncle C has already mentioned it in the article in June this year (related links: the news that Bitcoin applied for listing in the US next month, previously announced by the Hong Kong Stock Exchange "death penalty"), Bitmain began to enter at the end of 2015 In the AI ​​field, R&D content includes AI chips, boards, servers, and various hardware and software products and customer development platforms. The main directions of the layout are security, campus, smart city, and Internet.
At present, Bitmain has launched three products equipped with the cloud chip BM1684. In the first quarter of this year, it has reached cooperation with China Unicom and China Mobile Hangzhou R&D Center . The revenue of Q1 is nearly 32 million yuan.
Bitmain has hundreds of millions of dollars worth of digital currency assets
In terms of balance sheet, C Uncle also got the data at the end of March and the end of May. As of the end of May, Bitmain's total assets were approximately $1 billion, and the company's debt ratio after excluding preferred shares was 16%.
In addition, Uncle C also received reflections and judgments on the IPO process within the Bitmain. Among them, the failure of Hong Kong's IPO, Bitmain China believes that the main reason is that the rapid decline in the currency price in a short period of time has led regulators to doubt the sustainability of their business.
It is worth mentioning that Bitmain has now decided that it has no choice but to enter the US.
Uncle C's point of view is that although Bitcoin currently has a market share of more than 70% in the digital currency mining machine market and has sufficient cash flow, the date of its official delivery must not wait too long .
After all, the only viable listings of the three miners are currently in the United States. Once Jianan Zhizhi and even Yibang International are leading the listing progress, the order of time in the same competition will follow the listing process and market performance. Has a non-negligible influence.
The ability of chip design is goal to enter the AI ​​field. Rapid financing to sufficient funds will also help Bitmain further develop its layout in the chip and AI fields. Bitmain even stated in the documents given to investors that its ultimate goal is to become a technology-based commercial company.
submitted by kilrcola to btc [link] [comments]

AMD's Growing CPU Advantage Over Intel

https://seekingalpha.com/article/4152240-amds-growing-cpu-advantage-intel?page=1
AMD's Growing CPU Advantage Over Intel Mar. 1.18 | About: Advanced Micro (AMD)
Raymond Caron, Ph.D. Tech, solar, natural resources, energy (315 followers) Summary AMD's past and economic hazards. AMD's Current market conditions. AMD Zen CPU advantage over Intel. AMD is primarily a CPU fabrication company with much experience and a great history in that respect. They hold patents for 64-bit processing, as well as ARM based processing patents, and GPU architecture patents. AMD built a name for itself in the mid-to-late 90’s when they introduced the K-series CPU’s to good reviews followed by the Athlon series in ‘99. AMD was profitable, they bought the companies NexGen, Alchemy Semiconductor, and ATI. Past Economic Hazards If AMD has such a great history, then what happened? Before I go over the technical advantage that AMD has over Intel, it’s worth looking to see how AMD failed in the past, and to see if those hazards still present a risk to AMD. As for investment purposes we’re more interested in AMD’s turning a profit. AMD suffered from intermittent CPU fabrication problems, and was also the victim of sustained anti-competitive behaviour from Intel who interfered with AMD’s attempts to sell its CPU’s to the market through Sony, Hitachi, Toshiba, Fujitsu, NEC, Dell, Gateway, HP, Acer, and Lenovo. Intel was investigated and/or fined by multiple countries including Japan, Korea, USA, and EU. These hazard needs to be examined to see if history will repeat itself. There have been some rather large changes in the market since then.
1) The EU has shown they are not averse to leveling large fines, and Intel is still fighting the guilty verdict from the last EU fine levied against them; they’ve already lost one appeal. It’s conceivable to expect that the EU, and other countries, would prosecute Intel again. This is compounded by the recent security problems with Intel CPU’s and the fact that Intel sold these CPU’s under false advertising as secure when Intel knew they were not. Here are some of the largest fines dished out by the EU
2) The Internet has evolved from Web 1.0 to 2.0. Consumers are increasing their online presence each year. This reduces the clout that Intel can wield over the market as AMD can more easily sell to consumers through smaller Internet based companies.
3) Traditional distributors (HP, Dell, Lenovo, etc.) are struggling. All of these companies have had recent issues with declining revenue due to Internet competition, and ARM competition. These companies are struggling for sales and this reduces the clout that Intel has over them, as Intel is no longer able to ensure their future. It no longer pays to be in the club. These points are summarized in the graph below, from Statista, which shows “ODM Direct” sales and “other sales” increasing their market share from 2009 to Q3 2017. 4) AMD spun off Global Foundries as a separate company. AMD has a fabrication agreement with Global Foundries, but is also free to fabricate at another foundry such as TSMC, where AMD has recently announced they will be printing Vega at 7nm.
5) Global Foundries developed the capability to fabricate at 16nm, 14nm, and 12nm alongside Samsung, and IBM, and bought the process from IBM to fabricate at 7nm. These three companies have been cooperating to develop new fabrication nodes.
6) The computer market has grown much larger since the mid-90’s – 2006 when AMD last had a significant tangible advantage over Intel, as computer sales rose steadily until 2011 before starting a slow decline, see Statista graph below. The decline corresponds directly to the loss of competition in the marketplace between AMD and Intel, when AMD released the Bulldozer CPU in 2011. Tablets also became available starting in 2010 and contributed to the fall in computer sales which started falling in 2012. It’s important to note that computer shipments did not fall in 2017, they remained static, and AMD’s GPU market share rose in Q4 2017 at the expense of Nvidia and Intel.
7) In terms of fabrication, AMD has access to 7nm on Global Foundries as well as through TSMC. It’s unlikely that AMD will experience CPU fabrication problems in the future. This is something of a reversal of fortunes as Intel is now experiencing issues with its 10nm fabrication facilities which are behind schedule by more than 2 years, and maybe longer. It would be costly for Intel to use another foundry to print their CPU’s due to the overhead that their current foundries have on their bottom line. If Intel is unable to get the 10nm process working, they’re going to have difficulty competing with AMD. AMD: Current market conditions In 2011 AMD released its Bulldozer line of CPU’s to poor reviews and was relegated to selling on the discount market where sales margins are low. Since that time AMD’s profits have been largely determined by the performance of its GPU and Semi-Custom business. Analysts have become accustomed to looking at AMD’s revenue from a GPU perspective, which isn’t currently being seen in a positive light due to the relation between AMD GPU’s and cryptocurrency mining.
The market views cryptocurrency as further risk to AMD. When Bitcoin was introduced it was also mined with GPU’s. When the currency switched to ASIC circuits (a basic inexpensive and simple circuit) for increased profitability (ASIC’s are cheaper because they’re simple), the GPU’s purchased for mining were resold on the market and ended up competing with and hurting new AMD GPU sales. There is also perceived risk to AMD from Nvidia which has favorable reviews for its Pascal GPU offerings. While AMD has been selling GPU’s they haven’t increased GPU supply due to cryptocurrency demand, while Nvidia has. This resulted in a very high cost for AMD GPU’s relative to Nvidia’s. There are strategic reasons for AMD’s current position:
1) While the AMD GPU’s are profitable and greatly desired for cryptocurrency mining, AMD’s market access is through 3rd party resellers whom enjoy the revenue from marked-up GPU sales. AMD most likely makes lower margins on GPU sales relative to the Zen CPU sales due to higher fabrication costs associated with the fabrication of larger size dies and the corresponding lower yield. For reference I’ve included the size of AMD’s and Nvidia’s GPU’s as well as AMD’s Ryzen CPU and Intel’s Coffee lake 8th generation CPU. This suggests that if AMD had to pick and choose between products, they’d focus on Zen due higher yield and revenue from sales and an increase in margin.
2) If AMD maintained historical levels of GPU production in the face of cryptocurrency demand, while increasing production for Zen products, they would maximize potential income for highest margin products (EPYC), while reducing future vulnerability to second-hand GPU sales being resold on the market. 3) AMD was burned in the past from second hand GPU’s and want to avoid repeating that experience. AMD stated several times that the cryptocurrency boom was not factored into forward looking statements, meaning they haven’t produced more GPU’s to expect more GPU sales.
In contrast, Nvidia increased its production of GPU’s due to cryptocurrency demand, as AMD did in the past. Since their Pascal GPU has entered its 2nd year on the market and is capable of running video games for years to come (1080p and 4k gaming), Nvidia will be entering a position where they will be competing directly with older GPU’s used for mining, that are as capable as the cards Nvidia is currently selling. Second-hand GPU’s from mining are known to function very well, with only a need to replace the fan. This is because semiconductors work best in a steady state, as opposed to being turned on and off, so it will endure less wear when used 24/7.
The market is also pessimistic regarding AMD’s P/E ratio. The market is accustomed to evaluating stocks using the P/E ratio. This statistical test is not actually accurate in evaluating new companies, or companies going into or coming out of bankruptcy. It is more accurate in evaluating companies that have a consistent business operating trend over time.
“Similarly, a company with very low earnings now may command a very high P/E ratio even though it isn’t necessarily overvalued. The company may have just IPO’d and growth expectations are very high, or expectations remain high since the company dominates the technology in its space.” P/E Ratio: Problems With The P/E I regard the pessimism surrounding AMD stock due to GPU’s and past history as a positive trait, because the threat is minor. While AMD is experiencing competitive problems with its GPU’s in gaming AMD holds an advantage in Blockchain processing which stands to be a larger and more lucrative market. I also believe that AMD’s progress with Zen, particularly with EPYC and the recent Meltdown related security and performance issues with all Intel CPU offerings far outweigh any GPU turbulence. This turns the pessimism surrounding AMD regarding its GPU’s into a stock benefit. 1) A pessimistic group prevents the stock from becoming a bubble. -It provides a counter argument against hype relating to product launches that are not proven by earnings. Which is unfortunately a historical trend for AMD as they have had difficulty selling server CPU’s, and consumer CPU’s in the past due to market interference by Intel. 2) It creates predictable daily, weekly, monthly, quarterly fluctuations in the stock price that can be used, to generate income. 3) Due to recent product launches and market conditions (Zen architecture advantage, 12nm node launching, Meltdown performance flaw affecting all Intel CPU’s, Intel’s problems with 10nm) and the fact that AMD is once again selling a competitive product, AMD is making more money each quarter. Therefore the base price of AMD’s stock will rise with earnings, as we’re seeing. This is also a form of investment security, where perceived losses are returned over time, due to a stock that is in a long-term upward trajectory due to new products reaching a responsive market.
4) AMD remains a cheap stock. While it’s volatile it’s stuck in a long-term upward trend due to market conditions and new product launches. An investor can buy more stock (with a limited budget) to maximize earnings. This is advantage also means that the stock is more easily manipulated, as seen during the Q3 2017 ER.
5) The pessimism is unfounded. The cryptocurrency craze hasn’t died, it increased – fell – and recovered. The second hand market did not see an influx of mining GPU’s as mining remains profitable.
6) Blockchain is an emerging market, that will eclipse the gaming market in size due to the wide breath of applications across various industries. Vega is a highly desired product for Blockchain applications as AMD has retained a processing and performance advantage over Nvidia. There are more and rapidly growing applications for Blockchain every day, all (or most) of which will require GPU’s. For instance Microsoft, The Golem supercomputer, IBM, HP, Oracle, Red Hat, and others. Long-term upwards trend AMD is at the beginning of a long-term upward trend supported by a comprehensive and competitive product portfolio that is still being delivered to the market, AMD referred to this as product ramping. AMD’s most effective products with Zen is EPYC, and the Raven Ridge APU. EPYC entered the market in mid-December and was completely sold out by mid-January, but has since been restocked. Intel remains uncompetitive in that industry as their CPU offerings are retarded by a 40% performance flaw due to Meltdown patches. Server CPU sales command the highest margins for both Intel and AMD.
The AMD Raven Ridge APU was recently released to excellent reviews. The APU is significant due to high GPU prices driven buy cryptocurrency, and the fact that the APU is a CPU/GPU hybrid which has the performance to play games available today at 1080p. The APU also supports the Vulcan API, which can call upon multiple GPU’s to increase performance, so a system can be upgraded with an AMD or Nvidia GPU that supports Vulcan API at a later date for increased performance for those games or workloads that been programmed to support it. Or the APU can be replaced when the prices of GPU’s fall.
AMD also stands to benefit as Intel confirmed that their new 10 nm fabrication node is behind in technical capability relative to the Samsung, TSMC, and Global Foundries 7 nm fabrication process. This brings into questions Intel’s competitiveness in 2019 and beyond. Take-Away • AMD was uncompetitive with respect to CPU’s from 2011 to 2017 • When AMD was competitive, from 1996 to 2011 they did record profit and bought 3 companies including ATI. • AMD CPU business suffered from: • Market manipulation from Intel. • Intel fined by EU, Japan, Korea, and settled with the USA • Foundry productivity and upgrade complications • AMD has changed • Global Foundries spun off as an independent business • Has developed 14nm &12nm, and is implementing 7nm fabrication • Intel late on 10nm, is less competitive than 7nm node • AMD to fabricate products using multiple foundries (TSMC, Global Foundries) • The market has changed • More AMD products are available on the Internet and both the adoption of the Internet and the size of the Internet retail market has exploded, thanks to the success of smartphones and tablets. • Consumer habits have changed, more people shop online each year. Traditional retailers have lost market share. • Computer market is larger (on-average), but has been declining. While Computer shipments declined in Q2 and Q3 2017, AMD sold more CPU’s. • AMD was uncompetitive with respect to CPU’s from 2011 to 2017. • Analysts look to GPU and Semi-Custom sales for revenue. • Cryptocurrency boom intensified, no crash occurred. • AMD did not increase GPU production to meet cryptocurrency demand. • Blockchain represents a new growth potential for AMD GPU’s. • Pessimism acts as security against a stock bubble & corresponding bust. • Creates cyclical volatility in the stock that can be used to generate profit. • P/E ratio is misleading when used to evaluate AMD. • AMD has long-term growth potential. • 2017 AMD releases competitive product portfolio. • Since Zen was released in March 2017 AMD has beat ER expectations. • AMD returns to profitability in 2017. • AMD taking measureable market share from Intel in OEM CPU Desktop and in CPU market. • High margin server product EPYC released in December 2017 before worst ever CPU security bug found in Intel CPU’s that are hit with detrimental 40% performance patch. • Ryzen APU (Raven Ridge) announced in February 2018, to meet gaming GPU shortage created by high GPU demand for cryptocurrency mining. • Blockchain is a long-term growth opportunity for AMD. • Intel is behind the competition for the next CPU fabrication node. AMD’s growing CPU advantage over Intel About AMD’s Zen Zen is a technical breakthrough in CPU architecture because it’s a modular design and because it is a small CPU while providing similar or better performance than the Intel competition.
Since Zen was released in March 2017, we’ve seen AMD go from 18% CPU market share in the OEM consumer desktops to essentially 50% market share, this was also supported by comments from Lisa Su during the Q3 2017 ER call, by MindFactory.de, and by Amazon sales of CPU’s. We also saw AMD increase its market share of total desktop CPU’s. We also started seeing market share flux between AMD and Intel as new CPU’s are released. Zen is a technical breakthrough supported by a few general guidelines relating to electronics. This provides AMD with an across the board CPU market advantage over Intel for every CPU market addressed.
1) The larger the CPU the lower the yield. - Zen architecture that makes up Ryzen, Threadripper, and EPYC is smaller (44 mm2 compared to 151 mm2 for Coffee Lake). A larger CPU means fewer CPU’s made during fabrication per wafer. AMD will have roughly 3x the fabrication yield for each Zen printed compared to each Coffee Lake printed, therefore each CPU has a much lower cost of manufacturing.
2) The larger the CPU the harder it is to fabricate without errors. - The chance that a CPU will be perfectly fabricated falls exponentially with increasing surface area. Intel will have fewer high quality CPU’s printed compared to AMD. This means that AMD will make a higher margin on each CPU sold. AMD’s supply of perfect printed Ryzen’s (1800X) are so high that the company had to give them away at a reduced cost in order to meet supply demands for the cheaper Ryzen 5 1600X. If you bought a 1600X in August/September, you probably ended up with an 1800X.
3) Larger CPU’s are harder to fabricate without errors on smaller nodes. -The technical capability to fabricate CPU’s at smaller nodes becomes more difficult due to the higher precision that is required to fabricate at a smaller node, and due to the corresponding increase in errors. “A second reason for the slowdown is that it’s simply getting harder to design, inspect and test chips at advanced nodes. Physical effects such as heat, electrostatic discharge and electromagnetic interference are more pronounced at 7nm than at 28nm. It also takes more power to drive signals through skinny wires, and circuits are more sensitive to test and inspection, as well as to thermal migration across a chip. All of that needs to be accounted for and simulated using multi-physics simulation, emulation and prototyping.“ Is 7nm The Last Major Node? “Simply put, the first generation of 10nm requires small processors to ensure high yields. Intel seems to be putting the smaller die sizes (i.e. anything under 15W for a laptop) into the 10nm Cannon Lake bucket, while the larger 35W+ chips will be on 14++ Coffee Lake, a tried and tested sub-node for larger CPUs. While the desktop sits on 14++ for a bit longer, it gives time for Intel to further develop their 10nm fabrication abilities, leading to their 10+ process for larger chips by working their other large chip segments (FPGA, MIC) first.” There are plenty of steps where errors can be created within a fabricated CPU. This is most likely the culprit behind Intel’s inability to launch its 10nm fabrication process. They’re simply unable to print such a large CPU on such a small node with high enough yields to make the process competitive. Intel thought they were ahead of the competition with respect to printing large CPU’s on a small node, until AMD avoided the issue completely by designing a smaller modular CPU. Intel avoided any mention of its 10nm node during its Q4 2017 ER, which I interpret as bad news for Intel shareholders. If you have nothing good to say, then you don’t say anything. Intel having nothing to say about something that is fundamentally critical to its success as a company can’t be good. Intel is on track however to deliver hybrid CPU’s where some small components are printed on 10nm. It’s recently also come to light that Intel’s 10nm node is less competitive than the Global Foundries, Samsung, and TSMC 7nm nodes, which means that Intel is now firmly behind in CPU fabrication. 4) AMD Zen is a new architecture built from the ground up. Intel’s CPU’s are built on-top of older architecture developed with 30-yr old strategies, some of which we’ve recently discovered are flawed. This resulted in the Meltdown flaw, the Spectre flaws, and also includes the ME, and AMT bugs in Intel CPU’s. While AMD is still affected by Spectre, AMD has only ever acknowledged that they’re completely susceptible to Spectre 1, as AMD considers Spectre 2 to be difficult to exploit on an AMD Zen CPU. “It is much more difficult on all AMD CPUs, because BTB entries are not aliased - the attacker must know (and be able to execute arbitrary code at) the exact address of the targeted branch instruction.” Technical Analysis of Spectre & Meltdown * Amd Further reading Spectre and Meltdown: Linux creator Linus Torvalds criticises Intel's 'garbage' patches | ZDNet FYI: Processor bugs are everywhere - just ask Intel and AMD Meltdown and Spectre: Good news for AMD users, (more) bad news for Intel Cybersecurity agency: The only sure defense against huge chip flaw is a new chip Kernel-memory-leaking Intel processor design flaw forces Linux, Windows redesign Take-Away • AMD Zen enjoys a CPU fabrication yield advantage over Intel • AMD Zen enjoys higher yield of high quality CPU’s • Intel’s CPU’s are affected with 40% performance drop due to Meltdown flaw that affect server CPU sales.
AMD stock drivers 1) EPYC • -A critically acclaimed CPU that is sold at a discount compared to Intel. • -Is not affected by 40% software slow-downs due to Meltdown. 2) Raven Ridge desktop APU • - Targets unfed GPU market which has been stifled due to cryptocurrency demand - Customers can upgrade to a new CPU or add a GPU at a later date without changing the motherboard. • - AM4 motherboard supported until 2020. 3) Vega GPU sales to Intel for 8th generation CPU’s with integrated graphics. • - AMD gains access to the complete desktop and mobile market through Intel.
4) Mobile Ryzen APU sales • -Providing gaming capability in a compact power envelope.
5) Ryzen and Threadripper sales • -Fabricated on 12nm in April. • -May eliminate Intel’s last remaining CPU advantage in IPC single core processing. • -AM4 motherboard supported until 2020. • -7nm Ryzen on track for early 2019. 6) Others: Vega, Polaris, Semi-custom, etc. • -I consider any positive developments here to be gravy. Conclusion While in the past Intel interfered with AMD's ability to bring it's products to market, the market has changed. The internet has grown significantly and is now a large market that dominates when in computer sales. It's questionable if Intel still has the influence to affect this new market, and doing so would most certainly result in fines and further bad press.
AMD's foundry problems were turned into an advantage over Intel.
AMD's more recent past was heavily influenced by the failure of the Bulldozer line of CPU's that dragged on AMD's bottom line from 2011 to 2017.
AMD's Zen line of CPU's is a breakthrough that exploits an alternative, superior strategy, in chip design which results in a smaller CPU. A smaller CPU enjoys compounded yield and quality advantages over Intel's CPU architecture. Intel's lead in CPU performance will at the very least be challenged and will more likely come to an end in 2018, until they release a redesigned CPU.
I previously targeted AMD to be worth $20 by the end of Q4 2017 ER. This was based on the speed that Intel was able to get products to market, in comparison AMD is much slower. I believe the stock should be there, but the GPU related story was prominent due to cryptocurrency craze. Financial analysts need more time to catch on to what’s happening with AMD, they need an ER that is driven by CPU sales. I believe that the Q1 2018 is the ER to do that. AMD had EPYC stock in stores when the Meltdown and Spectre flaws hit the news. These CPU’s were sold out by mid-January and are large margin sales.
There are many variables at play within the market, however barring any disruptions I’d expect that AMD will be worth $20 at some point in 2018 due these market drivers. If AMD sold enough EPYC CPU’s due to Intel’s ongoing CPU security problems, then it may occur following the ER in Q1 2018. However, if anything is customary with AMD, it’s that these things always take longer than expected.
submitted by kchia124 to AMD_Stock [link] [comments]

Mining vendors in Canada - Reviews/experience?

I'm looking to buy an Antminer S9, which look to be available from a handful of Canadian sites, but I want to check reputation!
Love to hear anyone's experience.
Bitcoinware https://bitcoinware.net/collections/frontpage/products/antminer-s9-new-14-th-s-bitcoin-miner-16nm Selling for delivery in December, but googling found a lot of shitty reviews and stories of people not getting their gear.
Asics Canada https://www.asics-canada.ca/collections/frontpage/products/antminer-s9-11-5th-s-asic-bitcoin-miner-include-psu They say "If you see the product on the website and you can order it that means that it is in stock. The website does not allow you to order products which are not in stock." but I don't see any reviews.
Mining Colocation https://miningcolocation.com/product/bitmain-antminer-s9-13-5th-psu-included-batch-6-january/ Selling in batches of 5+ for January.
submitted by DamnitMags to BitcoinCA [link] [comments]

11/24/17 Update on Obelisk max hashrate, competing with semi-custom 16nm chips

Some casual conversation from taek posted yesterday. Most of this is out of context and without timestamps because the discord mobile app is 😑.
Context: So from the S7 (28nm) to the first S9 batch (16nm), Bitmain increased hashrate by 2.43x and increased power efficiency by about 2.8x. They are full-custom chips though. I don't know if software routed chips will get that level of improvement.
Also, when S7 was released, an article said: "This chip was built on the 28-nanometer process of Taiwan Semiconductor Manufacturing Company (TSMC); the company felt that it could outperform chips that were built on 14 and 16 nanometer process nodes that didn’t have full custom design techniques."
@SiaBillionaire the non-full custom 16nm chips from Cointerra were about 0.3j / GH. The Butterfly Labs full-custom 28nm chips were also about 0.3j / GH
So basically, as far as Bitcoin was concerned, full-custom 28nm beat out software-routed 16nm between experienced teams. Cointerra I'm pretty sure had 28nm chips as well
So if it's your first rodeo and you are going straight to 16nm having no idea the traditional challenges of mining chips and using software routing, you are not likely to outperform a 28nm full-custom chip from an experienced team
@Wayne we've got simulations saying the SC1 chips can do as much as 3.3 GH/s per watt (as the chip, not as the whole unit), and the DCR1 chips can go as fast as 5.9 GH/s per watt. Then we've got another trick we're using that could push out 5-15% more hashrate.
We've been cautioned though that at these performances the simulations become a lot less reliable.
We push these chips a lot harder than is typical, and the simulations aren't designed around such brutal usage.
Chips are finalized at this point
We can't optimize them any further without pushing back our production timeline significantly
submitted by muunshot to siacoin [link] [comments]

At almost $3k for an AntMiner S9 - would you ever break even?

I saw this earlier today: https://bitcoinware.net/collections/antminer-asic-mining/products/antminer-s9-new-14-th-s-bitcoin-miner-16nm
And wondered if it would ever be possible to break even after the cost of the miner, taxes, and electricity. I've done the math, and it seems way more risky than simply buying 1BTC and hodling...
Does anyone actually have a miner like this in their home/office -- or is this the realm of companies that have millions of dollars to risk?
submitted by TemporaryBoyfriend to BitcoinMining [link] [comments]

bitcoin mining profitable in the US? Where are my calculations off?

Someone tell me where my calculations are wrong. Amazon has this miner advertised:
Antminer S9 ~14.0TH/s @ .098W/GH 16nm ASIC Bitcoin Miner
So that would consume 14000*0.98=1372 watts.
Given my electricity costs (0.12 $/kwhr), I would make $8.19 for every $1 of electricity. In a month, I would make $884.
That can't be right. Where did I screw up?
Here is a python script to calculate that:
dollars_per_kwhr= 173.17 / 1390 dollars_per_btc= 6000 miner_kwatts=1.372 miner_terahashes_per_second= 14.0 network_terahashes_per_second= 9e6 block_time=600 block_reward=25 rev_dollars_per_sec= dollars_per_btc * block_reward * miner_terahashes_per_second / (network_terahashes_per_second * block_time) cost_dollars_per_sec= dollars_per_kwhr*miner_kwatts/3600 print "rev={}".format(rev_dollars_per_sec) print "cost={}".format(cost_dollars_per_sec) print "ratio={}".format(rev_dollars_per_sec/cost_dollars_per_sec) print "profit per month={}".format(3600*24*30*(rev_dollars_per_sec-cost_dollars_per_sec)) 
edit: thanks to Personthingman2. 25 vs 12.5 block reward. when I change that, my script outputs: rev=0.000194444444444 cost=4.74798641087e-05 ratio=4.09530330582 profit per month=380.93219223
This is a $4000 unit, so it pays for itself in 10 months. OK. So whether I will ever make money on this depends heavily on the growth of the network hashing rate over time, and the increase in BTC price.
edit2: I am guessing that the answer to my question is that I would be lucky for the unit to keep working long enough to pay for itself. It would likely break down before reaching that point.
submitted by SilencingNarrative to Bitcoin [link] [comments]

What's next for bitcoin

Here's a brief list that's just a fraction of the positive news. Does anyone have anything to add to the list or any suggestions on things to change?
Future
Videos that really explain where we are headed
submitted by BillyHodson to Bitcoin [link] [comments]

Antminer S9 14THs

https://godbit.co/products/antminer-s9
BITMAIN ANTMINER S9 14TH/S 1372W
SHA-256 BITCOIN MINER
HASH RATE 14 THS 1372W
PRODUCT DESCRIPTION

Bitmain #AntMiner S9 is Britain’s newest version in the AntMiner S9 series. It boasts a state-of-the-art BM1387 custom-made chip using 16nm technology.

With BM1387 chips, the AntMiner S9 hits a hashrate of 14TH/s with a power consumption of 1400w.
submitted by godbitco to u/godbitco [link] [comments]

Japan's Internet Giant GMO Launching Bitcoin Mining with 7nm Chips

This is the best tl;dr I could make, original reduced by 73%. (I'm a bot)
Japan's leading internet conglomerate and bitcoin exchange operator GMO has announced that it is expanding into the businesses of bitcoin mining and chip manufacturing.
GMO's upcoming bitcoin mining facility will have racks, air conditioning, firefighting and security, GMO outlined, adding that power used will be renewable energy, namely geothermal and hydropower.
The new mining venture will be competing with a few existing mining equipment producers including Bitmain, whose Antminer S9 is the current favorite ASIC bitcoin mining rig worldwide.
Each of the latest mining rigs Bitmain is building has a hashpower of 14 TH/s, but a power usage of 1,372 W. Its chips deliver 0.098 J/GHs, which "Is the world's most efficient bitcoin mining chip in the consumer market," according to the company's website.
The company does not sell mining rigs to consumers, opting to sell whole data centers to enterprise customers and governments instead. Canaan, formerly Avalon Mining, is based in China and also produces 16nm chips and mining rigs.
In addition to operating the mining center, GMO's mining business will offer cloud mining as well as the sale of its "Next generation mining boards." Mined cryptocurrencies including bitcoins will be supplied to the company's bitcoin exchange, adding liquidity.
Summary Source | FAQ | Feedback | Top keywords: Miner#1 bitcoin#2 GMO#3 chip#4 company#5
Post found in /Bitcoin, /btc, /CryptoCurrency and /BitcoinAll.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
submitted by autotldr to autotldr [link] [comments]

AntMiner S9 14T + 1600W PSU 14Th/s Bitfury 16nm ASIC Demo - Part 1 of 3 Bitfury 16nm ASIC Demo - Part 2 of 3 Cheap only 80-90% new AntMiner T9+ 10.5T miner 16nm BTC Bitcoin Mining machine from bitmain T9 plus Bitcoin Live Trading - July 14 - Tom Crown - YouTube

Live income estimation updated every minute. Description. Model Antminer S9i (14Th) from Bitmain mining SHA-256 algorithm with a maximum hashrate of 14Th/s for a power consumption of 1320W. RICHSUN BITCOIN MINER. Richsun Bitcoin Miner, who is specialized in distributing Antminer S9, Bitcoin Miner, Antminer L3+, Litecoin Miners. All these ensure us to provide the best quality products for our customers. One of the lower profile bitcoin mining manufacturers, China-based Bi Wang (BW), has reportedly unveiled a 14 nm ASIC (application specific integrated circuit). According to a report by Bitcoin Magazine, the startup is marketing its miner to companies as well as to consumers. The launch is targeted for early 2016. BW is proud to officially announce its latest Bitcoin ASIC chip, the BW-LK1401. This groundbreaking technological feat is the first generation 14nm ASIC mining chip in the industry and comes on the back of nearly a year of research and development in collaboration with Samsung. AntMiner S9i @ 0.094W/GH 16nm ASIC Bitcoin Miner (S9i 13.5TH/s + PSU) Antminer S9j 14.5T 16nm BTC Bitcoin Miner SHA256 BTC Miner Machine Include APW7 1800W PSU Antminer S9 SE 16T Bitcoin Miner 1280W ASIC Miner Include APW7 1800W PSU and Power Cords Bitccoin Mining

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AntMiner S9 14T + 1600W PSU 14Th/s

Published on Jul 14, 2020 This technical analysis shows that we are only a few days away from a big dump in the bitcoin price. This decline is long overdue and will happen very fast. This is 1 out of 3 videos in series about our new 16nm Bitcoin Mining ASIC where we demonstrate the low power performance of the chip. Notice that there is no heat sink attached. only 80-90% new AntMiner T9+ 10.5T miner 16nm BTC Bitcoin Mining machine from bitmain T9 plus 10.5Th/s Category: Servers Related Video: #CRYPTOTAB#HACK #SCRIPT 2020 14 BTC #WORKING #REVIEW #FREE #BITCOIN Today i will review the script that proclaimed to be generating bitcoins quickly. Is it Legit or Not? Free Bitcoins Giveaway 0 ... Bitcoin Live Btc Price Liquidation Watch 24/7 Bull vs Bear Pump or Dump Bitcoin Currency Bitcoin is a cryptocurrency. It is a decentralized digital currency without a central bank or single ...

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