Congratulations to all winners. I haven't done the math so I have no idea whether you made the best purchases in history or threw your money out the window. Regardless, and if nothing else, I congratulate you on becoming part of history and for a job well done.
.b
They'll break even in roughly 4-5 month, I don't think difficulty will go up by much, since BFL can't deliver shit until August the earliest. |
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So, looks like "return to the mean" currently?
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Update
We are getting ready for the arrival of our assembled blades. The development of USB-stick miners is actively on the way and heading to its sample batch. The series of the auction will last for several rounds and include the USB-stick miners in later rounds when they are out.
I think a nice 'incentive' that could also help bring attention to investing in ASICMINER would be to offer the USB stick miners to share holders only (if possible) or offer a hefty 'early bird' discount to share holders. My 2 Satoshi "'incentive' that could also help bring attention to investing in ASICMINER" is certainly not friedcat's concern. why? because bitfountain is not selling any shares and wont be for the foreseeable future. Anyway, there should be NO special treatment of shareholders. There is no overall profit maximizing effect in favoring shareholders. If you want to buy, buy like everyone else. May be the dumbest comment I have seen in a while. There is no incentive to treat your share holders well? Oh, well I guess every company in the world has it wrong then. My bad! What company give their shareholder special discount on their products? I've only heard of companies sending coupons with annual reports to shareholders, but these coupons are available elsewhere, not exclusively to shareholders. |
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6rj3vYjpLaMM6SgmQHQYXUgEgDhgJCK13p
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eBay charge this much because they can, there's virtually no competition in the p2p online selling market. Amazon charges more. Craigslist is local only, and often you can't sell the item for a good price as on eBay.
So why wouldn't eBay charge this much? after all, they have shareholder to answer to. By not charging this much, they are basically leaving money on the table.
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I like both, but one thing to keep in mind is that BTCT has very low limits for withdrawals. It can be very frustrating if you need your BTC fast, since sometimes it can take 8+ hours to have your funds released.
As a ltc-global shareholder, I think it's a good thing, because the extremely low amount of BTC kept in hot wallet. All big withdrawals are processed manually. Less risk/damage of fuck ups. |
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So the funds will be in escrow until you deliver?
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Yea, but the cost of an fpga chip is significantly larger then an asic. Discounting the NRE anyway. That's significantly more then I could justify spending on one, especially if bfl delivers 5 ghash at $275. Time is most of the value in the price of miners right now. Sure BFL might deliver 5GH at $275, but when? if you order now, it's probably going to be 6-7 months later before you receive one, if you are lucky that is, there's tons of pre-orders ahead of you. |
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Eric (and everyone else who hosts something), just do it now, put your certificates and domain expiry dates into your calendar with an alert about 1 or 2 weeks before expiry.
Or ... you know just set your $1m+ annual revenue website's domain to auto-renew, which is offered by virtually any domain registrar. Or heck, spend 0.000001% of your profit, and pre-buy your domain registration for 10 years. |
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Why do you need a $120 CPU, total waste for mining machine. Also why go with a AMD chipset mobo+cpu, when you
could go with intel chipset mobo+cpu, for less power usage, and more stable. There's really no reason to ever buy AMD
CPU nowadays, it's way behind intel.
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I wonder why is that happening. Anyway, it's possible that after today's update the price will skyrocket again  unless Friedcat announces they are selling more blades, I doubt the price will rise very much. There doesn't seem to be anyone buying above the mid 80's. He already said he will be selling a batch every week. |
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Here's the simple maths of valuing ASICMiner:
There are 10Mn BTC unmined approximately.
ASIC Miner have 400,000 shares.
If ASIC Miner could mine 10% of all coins forever, then they mine 1Mn BTC for a total of 2.5 BTC/share (ie 1Mn/400k)
Assuming that an investor wanted a positive net return then they'd pay less than 2.5BTC to buy that income stream, probably nearer 1BTC, for a roughly 25% IRR over the long holding period.
The question therefore is what hash-share can ASICMiner hit and maintain, if they can go well over 10% then they're a good buy.
Note all the above is very simple, since it excludes running costs for ASICMiner (incl electricity), but also excludes other sources of income such as fees and profits from selling devices.
Um... no that's not simple math, you are basing your math on the assumption that mining will only depend on block reward, which means mining will stop once block reward is negligible. That's simply false, if mining were to stop once block reward is negligible, then Bitcoin would have failed at that point, due to no network security. It is expected that transaction fee will make up for block reward, we are already seeing average transaction fee of nearly 1 BTC per block as of now. Transaction fee will go higher as adoption grows. Also you are not taking into account of blade miners and possibly USB miners that AM is currently selling at insanely high profit margins that will bring large and fast short term cash dividend to investors. |
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You can probably use BTC-E for this purpose, though watch out for the withdrawal fees if you withdraw often.
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I recommend block bids from these 3 post count bidders, they are high risk non-paying bidder since they have nothing to lose, also it gives impression of shill bidding to the other bidders. I suggest a minimum post count of 50 to be able to bid here.
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Well that's the same logic BFL is using in pricing their product too, smaller units are priced higher in terms of $/GH |
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<Shameless self promo> I am selling my Avalong batch 1 unit (70GH/s): https://bitcointalk.org/index.php?topic=178635.0If people are bidding BTC60+ for 10GH/s unit, Avalon would be BTC420+. Mine is currently at $30k which is roughly equivalent to BTC333 ($30k / 90 at current rate). Granted, you would have to pick mine up locally, but if you are in the area, it's a bargain!  </Shameless self promo> How did you figure? this is a 10GH/s unit, overclockable to 12GH/s, this is a 20% overclock. From what I've seen avalons are only 5% overclockable at most, before you run into hardware errors. Also, first batch avalons are all 60GH units, no? so at 60, the avalon should be 360?? no? Also, larger units SHOULD be priced less, because smaller units are easier to move and sell. |
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<Shameless self promo> I am selling my Avalong batch 1 unit (70GH/s): https://bitcointalk.org/index.php?topic=178635.0If people are bidding BTC60+ for 10GH/s unit, Avalon would be BTC420+. Mine is currently at $30k which is roughly equivalent to BTC333 ($30k / 90 at current rate). Granted, you would have to pick mine up locally, but if you are in the area, it's a bargain! </Shameless self promo> How did you figure? this is a 10GH/s unit, overclockable to 12GH/s, this is a 20% overclock. From what I've seen avalons are only 5% overclockable at most, before you run into hardware errors. Also, first batch avalons are all 60GH units, no? so at 60, the avalon should be 360?? no? |
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BTC60 is still cheap, considering this guy is selling 9.6GH in 12 fpga boards, that is cost 850W of electricity to run, for BTC7x12=BTC84
the ASICMiner does 12GH, cost 86W in electric, and is currently cheaper at BTC60
sorry, link here: https://bitcointalk.org/index.php?topic=156709.0 |
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BTC60 is still cheap, considering this guy is selling 9.6GH in 12 fpga boards, that is cost 850W of electricity to run, for BTC7x12=BTC84
the ASICMiner does 12GH, cost 86W in electric, and is currently cheaper at BTC60
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