The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
https://www.anandtech.com/show/17218/intels-next-gen-bitcoin-asic-called-bzm2-built-on-7nm-137-gigahashsec-at-25-w
Do is all a favour; read this and stop quoting the marketing.
I hear that BZM2 is ~14 W/TH.
Chaebol, there’s plenty of evidence available online re the efficiency of these Intel chips (and the next generation too).
Yet you keep quoting the entirely non-technical marketing spiel.
Mining rigs have a large number of chips on a hashboard; Intel can put ~15% fewer chips on a hashboard to match a S19 Pro or ~15% more within the sand form factor for ~15% higher hashrate.
Regardless, all will be revealed officially next Weds so that’ll put an end to the marketing spiel.
I might have read into it a little to eagerly:
“We are engaged directly with customers that share our sustainability goals.”
So not a strategic partnership, but likely working together to produce something that best works for customers (I.e. Argo).
Intel are known to work very closely with customers to design their products to fit customers’ use cases. I really hope the 2 companies have worked together for an immersion use case.
For info, I have heard (on good authority) that Bitmain have massively oversold what they can produce.
TSMC have offered them a tiny % of capacity and it’s far far short of what Bitmain have offered their customers. So those big orders - with crazy machine numbers - bandied around by MARA and CORZ et al., are pie in the sky - they will not be met.
Intel have recently lost Apple as a major customer and have surplus fab capacity at the moment (they have developed these new ASICs purely to use up this surplus); essentially, Intel will likely produce far more SHA 256 ASICs than TSMC will in the upcoming financial year.
I’ve been hoping that PW would engage Intel on this since I first heard about these Intel miners. I saw the GRIID order when it was announced and hoped I’d see one from Argo soon - I’m now confident in this.
This is HUGE - a strategic partnership with Intel, one of the biggest and best companies globally for chip development, with their own fabs (with lots of capacity) to produce their own chips.
They have fabs in Arizona and New Mexico so the machines could literally be put together by Intel, put into lorries and driven a few hundred miles to West Texas.
They also have a dedicated overclocking department and I’d guess Argo would, or will eventually, be working with them to get the most from the machines through immersion.
Their first gen miner (BZM1) is around 15% more efficient than the new S19 XP, and their second gen miner (BZM2) due in 2023 is around 40% more efficient than the new S19 XP… and that is before immersion.
So 40% fewer machines for the same hashrate; obviously Intel will price their miners keenly, but a strategic partnership might give Argo preferential prices.
Massive.
Also, where’s the extra ~100PH to take installed hashrate to 1.7EH as promised in previous RNSs.
PW has stopped with the monthly Q&As too as he’d be picked up on these transgressions.
I’m getting quite frustrated now. I’ve been concerned about the missing hashrate, but today’s RNS is highly concerning.
Does anyone have any estimations for institutional ownership of Argo currently?
I’d guess ~20% from seeing Mike’s (very helpful) updates, and assuming these cover the larger holders/instis.
The Valkyrie ETF, if approved, will likely bump that up significantly - similar for the upcoming Blackrock ETF.
Why will the government block access? How will they do that? What evidence can you cite to underpin your argument?
It’s simple to sell BTC on an exchange for fiat, and it’s simple to use BTC to purchase the ever increasing number of things you can use it for.
This is deramping and you are a deramper as you post absolute rubbish. There’s never any real, logical argument, it’s always just musings about the potential risks with crypto, and advising people to sell.
I’m always open to negative views on ARB, and I have some of my own, but the content you post belongs in the bin.
Please don’t provoke InsiderKnowledge. He’s the worst type of poster on this board.
I’m certain he’s paid to deramp. He makes a good emotional argument but is completely devoid of logic and credibility as far as I’m concerned.
Take heed of his comments at your peril.
I just had a glance at Terra Pool’s performance over the past month… and saw that it has mined 71 blocks this month (~420 BTC).
DMG have ~500PH and Argo should have 1.7EH; 2.2EH should be mining ~50 blocks per month (~310 BTC).
I cannot make head nor tail of this. It shouldn’t be possible - it’s either incredible luck, or is there another partner on board already?
The irony in your posts is astounding. A blatant deramper telling people to ignore rampers? Whatever next?
Little old InsiderKnowledge from the LSE board predicting $3k per BTC, whereas respected analysts and commentators are some distance from this.
What makes you think you’re such an expert - and qualified - to defy these crypto analysts and commentators and advise people to sell their BTC holdings?
‘Delusional’ springs to mind.
I was told about this at Christmas and commented about it here. It’s massive news.
Intel’s fab capacity is huge, it could easily produce more ASICs than TSMC given the competition for TSMC’s fab capacity, and therefore would be much more likely to meet orders on time.
Additionally, I’d guess Intel’s ASICs will be more efficient (j/th) than Bitmain’s.
Hopefully, this competition will drive down - significantly - the cost per TH, which could be a major blow to MARA who have just spent a fortune on machines, potentially being spiked.
Next up AMD and Samsung.
Never mind the forgone interest, the actual opportunity cost is far higher.
Machines have more or less doubled in price since that $5m was given to ePIC, and those (~1000) machines would also have generated a return.
I still think that’s one of the worst decisions PW has made. I acknowledge that I don’t know what is going on behind the scenes, but PW repeatedly proselytises the importance of ROI - well, where is the ROI on that investment? I suspect a decent chairman wouldn’t have countenanced such an investment.