https://bitcointalk.org/index.php?topic=632947.780;topicseen Rockminer Long but interesting worth nothing it We Have Been Working Hard. --Remarks by Rockxie after releasing ROCKMINERs financial report 1. Time is fleeting./Days wear on like years. The terms above describe two extreme time experiences. But they are my most vivid feelings, and also the raw portrayal of our team life in the past six months. Time is fleeting. August is coming in a blink. But what we have done never seem to reach our expectation. There are too many things waiting for us to finish, to improve. Bitcoin industry develops so fast that we can not catch up the top of the wave although we did our best. Days wear on like years. Although only a few months since we started to produce miner, we felt that we have struggled for many years in this industry.Things happened in these months are a lot more than things we went through in past a few years. In the past few months, our entire team completed a magnificent transformation from pure rookies to professionals in other peoples eyes. At the beginning, we didnt even understand the basic principles of mining, but now, we have made own mining rig! R & D, design, production, sales, each of these links is not easy. There are a lot of traps and obstacles in each of those links which could possibly make our painstaking efforts into nothing. 2. Rapid Market Change Huge profits period of miner industry may be faster than any other traditional industries. Last year, the miner industry was with abnormal huge profits. I predicted that there would certainly be a lot of people swarming into this industry. But I was still optimistic to think that the situation would not be too bad. I supposed the worst situation would be like consumer electronics industries, there would always be a certain profit margin left for miner producers. Thus, once ASICMINER announced its intention to transit to focus on chips only, I set up a team and came to Shenzhen, starting a bitter miner production career. There is always a gap between reality and ideal. Cruelty of miner industry this year is beyond everyones expectation. Except a handful of miner producers who survived, most of the new entrants have encountered unprecedented challenges. Survival of the fittest. No idea how many boats were overturned in this storm with no dregs remaining. 3. Always keep in mind that personal credit can not be squandered! Reputation is a wonderful thing. It seems worthless but actually worth the most. We were all deeply moved by your trust without reservation, feeling the great responsibility at the same time. After all, its not a simple thing just taking money from investors. We have to use the money in a right way. Once you live up the trust people gave to you, you basically lost all credibility which means you can not play in this circle any more. When we lament the fierce competition and that it is not easy to make money, we feel lucky as well because we are still alive. The most important reason we could survive in the storm was the support from you all when we initiated the company. To be honest, I was a little perturbed when we initiated the IPO. Though many friends told me that the company valuation could be higher, we decided to make a relatively reasonable figure. The great success of IPO was beyond our expectation, All the 20% IPO shares were directly bought by a couple of big shareholders before the IPO officially started. Then we had to come up with 5% extra shares for public seckilling. Ill never forget the day when the seckilling time counted down, the designated blockchain wallet started constant beeping. Until several minutes later, still many friends sent money in... 13 seconds! In such an extremely short time, our IPO had completed which created an unprecedented record. More than five hundred BTC were sent into our wallet after the 5% shares were sold out. We did a lot of work to return all these bitcoins by original route manually. Many friends who are not in Bitcoin circle might not understand why we can complete one million U.S. dollars level venture financing in ten seconds just by virtue of a bitcoin wallet address? This is the Bitcoin world - a crazy world, a world based on trust, a world traditional industry people can never understand. 4. Fight to survive! We basically knew nothing at the beginning. No experience of miner producing. But we believed that as long as we did our best to get down to work, we wouldnt be any worse than others and would be rewarded. A slow sparrow should make an early start. We didnt have experience, so we paid more time and efforts. It was not exaggerated that we wrote in our financial report that we worked seven days a week, more than twelve hours a day, that was for real, real sweatshop! Because lacking of experience, we made many detours. Especially without any direct reference of solutions, everything had to be explored on our own. The R&D of hardware industry is very costy. Every time of PCB sampling meant inputting at least tens of thousands yuan. In order to make a satisfactory solution, we made at least eight PCB samples with four solutions. There was a teary story behind each time of sampling which couldnt be concluded in a few words. I will write it down later to share with you when i have time. Every time of sampling cost not only money but also time which was even greater cost. It usually took at least one week for sampling. Sometimes even 10 days if theres a holiday. Coupled with the analysis of the problem, troubleshooting, it took half a month to complete a cycle. This was why it took so long for our miner coming into market. Of course, the concept of long here is relative. In the view of people from the traditional industries, this is absolutely not long at all but amazingly fast. Because we actually launched four products in only three months. We were very, very efficient compared with traditional hardware electronics industry. Although our financial report didnt look very good, personally i think our team did a very good job. I am very proud of our entire team! So far as we know, there are only 3 miner producers who used AM Gen.3 chips and developed own hardware and software solutions then put into massive production: BTCGarden, Hashratio(ZhaoDong team) and our ROCKMINER. Among these three, only us is completely new entrant. BTCGarden has been set up from the first half of last year, they even successfully taped out a type of 130nm chip and completed massive production. Hashratio had been in secret development and successfully taped out a 55nm chip. Although the chips hasnt been massive produced into miners by multiple reasons, they still accumulated precious experience. Plus technical giant Kevin Pan worked for them before, it was not surprising that Hashratio was the first one who had solution and done massive production. But we were completely new, everything started from zero, from rookie status. We were not embarrassed to tell you that we were mocked by some miner producer who considered us dead meat because we were all green hands. And now, we are still alive, while never heard any news from them any more. Although we have not been able to reach the best in many ways, there is a lot of space to upgrade, I am proud of our entire team! Something seemed impossible, but we did it! We occupied a place in such a brutal miner industry! Many friends gave us feedback, asking why we remained silent all the time with no information release. I admit that this is something we have not done good enough. Mainly because we were too busy. Although it didnt take much time to release updates, sometimes announcing one news can inevitably lead to another, we didnt have staff in charge of PR or operation yet. Most of the time, we had to do it by any one of us who could spare some time. Another reason, we felt embarrassed to update, after all the data on our financial report is not ideal, far behind our expectation. Bitcoin industry is changing so fast. Changes always run faster than plans. By now I can only say that in the future we will try to maintain the openness of information. A certain person would be specially in charge of this once we recruit a right one. Talking about recruitment, all i have to say is to sigh...it was so damn hard! The perception of social opinion right now towards Bitcoin is not very welcoming, coupled with our company is now located at a very remote countryside in Shenzhen, it is not easy to look for people who would like to come and work with us. The main reason that our financial report doesnt look good is our input for prophase R & D was too much. We paid a lot of tuition. However, we have basically grown now, still need to pay tuition inevitably, but its going to be less and less. I firmly believe that we have already gone through the toughest period. Please also give us a little more time. We did not slack off, did not take your money to splurge. We are doing the work. Hereby, i would like to make a brief introduction of my team. At the beginning of our team establishment, i was the senior insider of Bitcoin circle, the other team members were basically newcomers in the industry. But we fight in different positions of our team based on great enthusiasm and mutual trust. Because each of us is convinced that this is our career, we fight for the same goal. We felt a great sense of accomplishment and responsibility after the successful IPO. Hereby I want to thank everyone in the team, no matter you just shortly stayed or still with us all along, no one ever had ax to grind. We all followed the principle that a gentleman only acquire his wealth in a legitimate way. This is what im proud of them. Everyone in the team paid a big price for the company. Quitting their last job, abandoning family to come to Songgang, Shenzhen, a total remote place where its extremely hard to get a cab. And stayed here for several months, days and nights, really tough time. For the first a few months, we co-founders were totally working with zero wage. Only until recent two months, we just started to get some basic wage because everyone still has a family to support, has bills to pay. No matter how, we certainly will do everything based on companys long-term development and give priority for interests of IPO pubic shareholders, which is also the reason why only external shareholders get dividends this time. Please have faith in us, we were and are working hard and will work harder. 5. Careers We want to take the opportunity to recruit. Now we still need embedded software engineer, web developer, hardware engineers. If you are with technical background, having faith in the Bitcoin industry and our company, willing to throw yourself in and fight together with us, hardworking and can tolerate working overtime, please send your resume to me: rockxie # rockminer
Posted on: Sun, 03 Aug 2014 04:31:48 +0000
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