I remember hearing July 10. But don't quote me on that.
Don't tell me what to do!!!! |
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.01208 from mining... COME ON USB SALES!!!! Seems like it's 0.01552.. |
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.01208 from mining... COME ON USB SALES!!!! Seems like they've left a lot in the mining wallet this time around. |
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It's probably better to consider price per network hash %, rather than price per gigahash/terahash/etc. when it comes to evaluating mining equipment available for purchase today.
Doing this more or less normalizes the cost for a given time.
My point is that it doesn't. A month or two ago, a couple of AM blades might have been 1% of the network, yeah? Now you'd need many, many blades to get 1% of the network. Do you think that the manufacturing cost is the same? (It isn't). Do you think that the electricity cost is the same? (It isn't.) As competition ramps up - i.e., the hashrate - the marginal profit per % hashrate will drop precipitously. AM will feel that, both in terms of mining profit and hardware profit (people will simply pay less per TH, which is how manufacturing cost is determined). But you're failing to factor in the comparison of ASICMINER versus what is on the market, available for purchase, *today*. I think my argument holds up quite well when you factor that in. |
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It's probably better to consider price per network hash %, rather than price per gigahash/terahash/etc. when it comes to evaluating mining equipment available for purchase today.
Doing this more or less normalizes the cost for a given time.
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Wtf, how are they able to keep moving this much inventory?
It's incredible really.
I mean...I'm pleased with the sales, but who is buying so many of these? Lots of people aren't willing to wait weeks or months for the product. That's why they're selling so much  |
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is it known how much of the mining/hardware sales proceeds is kept for AM's expenses? i can see that the change address in dividend transactions is 16fuoinLFjBmiCYmCYDXPNfERJtdPB5ASe, is that then used to pay for expenses? We do not know the cost basis on ASICMINER hardware. |
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and there goes the rise, 4.61 and moving fast...
10 sold for 4.79 BTC earlier on btct.co. |
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Keep in mind that ASICMINER's shares produce ~1M USD in income monthly for the company. I'm hopeful that they are doing a *lot* to fend off competition.
^ This. Not sure why people think ASICMINER will settle for throwing away all it's good work so far / massive headstart. Have you heard the phrase: Success breeds complacency? Just look at how SDice went down the toilet after hugely successful head start. You're completely avoiding the facts -- what makes you think that AM is being complacent? You're just arguing to argue. Any competent business person knows that (metaphorically) when you're winning a race, you don't take your foot off the gas. Until there's any evidence contrary, then I think the fair thing to do is to not assume anything. Friedcat said we would know more about the next gen eruptors this month or early next, and can expect next gen asics in October (or there abouts.) |
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You realize that several companies are coming out with 28nm hardware in 3 months or so, while AM is THINKING about developing 56nm hardware. Once the 28nm asic hardware hit, they will blow the 120nm current AM hardware right out of water (basically 10 times more power efficient than AM hardware while producing much less heat and occupy much less space).
Is it accurate to say that we know that AM is only considering 56nm chips? I'd venture that it's more fair to say we have no idea what AM has in the works. I believe BFL's 65nm hardware is already making a huge dent in AM's hardware sales, AM's drastic price reduction is evident. AM's 120nm ancient hardware will soon be a low margin business, or maybe even no buyers will consider it anymore. AM either have to come out with 56nm hardware in 3 month, or watch competition dominate the hardware market, and soon the mining share. Going for ancient chip design has won AM an early lead (because 120nm was very easy/cheap/fast to produce). But will ancient hardware win every time? or will cutting edge 28nm hardware win in the long run? we will see That still lends no evidence to the original statement that they are only thinking about using 56nm architecture. Regardless, people do not realize that unless AM is grossly inept, they have a gigantic head start against the competition. It will take someone with a *lot* of stroke (and money) to oust them from the throne. AM owned shares produce ~$1M USD in revenue (more than that, actually. Closer to $1.5M) per month. They have a nice bankroll to work with, and they have the ability to withhold dividends (someone correct me if I'm wrong on that) if they feel the need to further secure their position in the market. To your last point, saying that their current 120nm architecture has lead to the recent cut in prices is incorrect. That's clearly a straw man -- as we do not know what AM's position is on the subject. It's more fair to say (and likely more accurate and correct) that it's likely they've reduced costs to compete in the market given the current difficulty. |
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people are holding shares...
few weak hands will buy back soon.
I feel the price is overvalued right now. They will buy back at lower price probably, below BTC3 I sold majority of my holdings at BTC3.47 yesterday. I disagree with this statement. Granted, in Bitcoin mining everyone is always looking for a month to 3 month ROI. However, I feel like with this security having so much future potential (mining hardware at cost + hardware sells + generation2 chips), ~30% APY is a completely reasonable price for one share. Also, there is quite a bit of buy support above 3 BTC, with 192 bids above 3 BTC on Bitfunder (I don't visit the other exchanges so I'm not sure about elsewhere.) I sold as well. Took my profit and now will invest in AMC. Upcoming price adjustment as others diversify into other investment vehicles like AMC? They're raising BTC10,000 through a 4,000,000 share release at AMC. Rather than writing AMC off as a SCAM/pretender, I want to know what ASICMINER is already doing to hold off challengers like AMC. Keep in mind that ASICMINER's shares produce ~1M USD in income monthly for the company. I'm hopeful that they are doing a *lot* to fend off competition. |
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How to Be a Bitcoin Investor
1. Check most recent dividend on every stock you can find, buy only the best ones!
2. Don't bother reading the descriptions, just a bunch of gibberish and jargon.
3. Invest aggressively! You'll be pretty sad if you miss out on the next big thing.
4. Only listen to advice of people that agree with you, everyone else is just mean anyway.
5. Believe the hype, we are the new wealthy elite, gentleman!
6. When price is rising on any stock, buy faster!
7. When price falls, consult the crowd to determine who did this to you (probably one of those meanies).
8. Trust everyone, what choice do you have anyway!?
I have a bit of a dilemma.. I sold AM the other day at ~3.37 or so, anticipating a dip in the short term. I re-bought at ~3.4 (no dip during the timeframe I was hoping.) Who should I speak with about getting my 0.03 BTC/share refunded? I want to speak with the guy responsible for my loss. Thanks. |
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You realize that several companies are coming out with 28nm hardware in 3 months or so, while AM is THINKING about developing 56nm hardware. Once the 28nm asic hardware hit, they will blow the 120nm current AM hardware right out of water (basically 10 times more power efficient than AM hardware while producing much less heat and occupy much less space).
Is it accurate to say that we know that AM is only considering 56nm chips? I'd venture that it's more fair to say we have no idea what AM has in the works. |
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Quick question -- can someone tell me (or have them get in touch with me) who runs asicminer.info?
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Reminder / UpdateThickAsThieves, VJain, Franktank and myself have put together the next round of questions for the community to vote on. Once we have a consensus of the top three questions, ThickAsThieves will submit them to Friedcat. The last round was a big success, so we will continue doing this for the foreseeable future. The questions are available for voting here: https://docs.google.com/forms/d/1M7wigyDWjKjabHKdC7msaEfXvYaNxtMbbmTIRss8EqU/viewformHere are the results so far (215 votes): 1) What are the plans regarding the Official ASICMINER Exchange? Have they been dropped? - 2.89
2) Does ASICMINER/Bitfountain intend to create and official website and/or blog outside of the bitcointalk forums? - 2.95
3) Do you have plans for a retail website? - 3.2
4) Does ASICMINER have plans to develop a marketing campaign to extend beyond word of mouth and business on the bitcointalk.org? - 2.88
5) Earlier this year, you committed to a minimum of 10% of the network hashing being represented by ASICMINER, can you update us to the current goals for network % and for total hashpower in 2013 and beyond? - 4.08
6) When can we expect the first financial report? - 3.68
7) Originally, board members were going to receive a test unit of an ASIC mining device. Will you provide this or any other tangible items to board members in the future? - 2.01
8 ) Could we have an official live hashrate meter from ASICMINER? - 3.17
9) For more transparency, is it possible to share a wallet address for depositing income from ASICMINER hardware sales? - 2.99
10) Besides mining, hardware sales, and fees, are there any other potential sources of revenue? - 2.34 ( Note: This question was added significantly later in the voting process, therefore, about half of the votes are weighed as "1" due to the fact that half of the voters did not have the opportunity to vote on it.) Please note: Voting has NOT closed! You can (and should) still vote! We'll keep the voting open for another 24-48 hours, and then we will compile results and submit the questions.
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Reminder / UpdateThickAsThieves, VJain, Franktank and myself have put together the next round of questions for the community to vote on. Once we have a consensus of the top three questions, ThickAsThieves will submit them to Friedcat. The last round was a big success, so we will continue doing this for the foreseeable future. The questions are available for voting here: https://docs.google.com/forms/d/1M7wigyDWjKjabHKdC7msaEfXvYaNxtMbbmTIRss8EqU/viewformHere are the results so far (215 votes): 1) What are the plans regarding the Official ASICMINER Exchange? Have they been dropped? - 2.89
2) Does ASICMINER/Bitfountain intend to create and official website and/or blog outside of the bitcointalk forums? - 2.95
3) Do you have plans for a retail website? - 3.2
4) Does ASICMINER have plans to develop a marketing campaign to extend beyond word of mouth and business on the bitcointalk.org? - 2.88
5) Earlier this year, you committed to a minimum of 10% of the network hashing being represented by ASICMINER, can you update us to the current goals for network % and for total hashpower in 2013 and beyond? - 4.08
6) When can we expect the first financial report? - 3.68
7) Originally, board members were going to receive a test unit of an ASIC mining device. Will you provide this or any other tangible items to board members in the future? - 2.01
8 ) Could we have an official live hashrate meter from ASICMINER? - 3.17
9) For more transparency, is it possible to share a wallet address for depositing income from ASICMINER hardware sales? - 2.99
10) Besides mining, hardware sales, and fees, are there any other potential sources of revenue? - 2.34 ( Note: This question was added significantly later in the voting process, therefore, about half of the votes are weighed as "1" due to the fact that half of the voters did not have the opportunity to vote on it.) Please note: Voting has NOT closed! You can (and should) still vote! We'll keep the voting open for another 24-48 hours, and then we will compile results and submit the questions.
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I still prefer Friendcat.
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Reminder / UpdateThickAsThieves, VJain, Franktank and myself have put together the next round of questions for the community to vote on. Once we have a consensus of the top three questions, ThickAsThieves will submit them to Friedcat. The last round was a big success, so we will continue doing this for the foreseeable future. The questions are available for voting here: https://docs.google.com/forms/d/1M7wigyDWjKjabHKdC7msaEfXvYaNxtMbbmTIRss8EqU/viewformHere are the results so far (183 votes): 1) What are the plans regarding the Official ASICMINER Exchange? Have they been dropped? - 2.9
2) Does ASICMINER/Bitfountain intend to create and official website and/or blog outside of the bitcointalk forums? - 3.02
3) Do you have plans for a retail website? - 3.3
4) Does ASICMINER have plans to develop a marketing campaign to extend beyond word of mouth and business on the bitcointalk.org? - 2.94
5) Earlier this year, you committed to a minimum of 10% of the network hashing being represented by ASICMINER, can you update us to the current goals for network % and for total hashpower in 2013 and beyond? - 4.1
6) When can we expect the first financial report? - 3.65
7) Originally, board members were going to receive a test unit of an ASIC mining device. Will you provide this or any other tangible items to board members in the future? - 1.98
8 ) Could we have an official live hashrate meter from ASICMINER? - 3.12
9) For more transparency, is it possible to share a wallet address for depositing income from ASICMINER hardware sales? - 2.98
10) Besides mining, hardware sales, and fees, are there any other potential sources of revenue? - 3.9Please note: Voting has NOT closed! You can (and should) still vote!
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Reminder / UpdateThickAsThieves, VJain, Franktank and myself have put together the next round of questions for the community to vote on. Once we have a consensus of the top three questions, ThickAsThieves will submit them to Friedcat. The last round was a big success, so we will continue doing this for the foreseeable future. The questions are available for voting here: https://docs.google.com/forms/d/1M7wigyDWjKjabHKdC7msaEfXvYaNxtMbbmTIRss8EqU/viewformHere are the results so far (183 votes): 1) What are the plans regarding the Official ASICMINER Exchange? Have they been dropped? - 2.9
2) Does ASICMINER/Bitfountain intend to create and official website and/or blog outside of the bitcointalk forums? - 3.02
3) Do you have plans for a retail website? - 3.3
4) Does ASICMINER have plans to develop a marketing campaign to extend beyond word of mouth and business on the bitcointalk.org? - 2.94
5) Earlier this year, you committed to a minimum of 10% of the network hashing being represented by ASICMINER, can you update us to the current goals for network % and for total hashpower in 2013 and beyond? - 4.1
6) When can we expect the first financial report? - 3.65
7) Originally, board members were going to receive a test unit of an ASIC mining device. Will you provide this or any other tangible items to board members in the future? - 1.98
8 ) Could we have an official live hashrate meter from ASICMINER? - 3.12
9) For more transparency, is it possible to share a wallet address for depositing income from ASICMINER hardware sales? - 2.98
10) Besides mining, hardware sales, and fees, are there any other potential sources of revenue? - 3.9Please note: Voting has NOT closed! You can (and should) still vote!
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