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281  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: March 25, 2013, 11:49:07 AM
Someone knows where the 15TH/s comes from that are added in the last days? http://blockchain.info/de/charts/hash-rate
Avalon?

Personally, I suspect it's BFL mining with their customers gear. I mean, do you really think they could resist that temptation? Especially when their actions don't appear to have any consequences whatsoever?
282  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: March 25, 2013, 11:47:16 AM

Wasnt that up to 50%? And i think there isnt much room for needed investments yet. Because the next batch is paid in full, loans are paid back and so on. Power cost will be hold in but besides that i dont see that another 50% will be needed for reinvestment.


Because of upcoming competition, it seems wise to reinvest a large part of the profits rather than paying out insane dividends all the time. My opinion is that for the long term interests of the company, profits should be reinvested in (1) next-gen chips, (2) developing consumer-friendly miners for sale and (3) developing industrial scale miners for sale.

Mining is about to become a very crowded space, and the advantage of ASICMINER is the fact that it they have developed their own technology - and it is important to leverage that advantage for the long-term.

Eventually the acquisitions department of some well-known entity will come around and make all ASICMINER investors rich...
283  Bitcoin / Press / Re: 2013-02-19 Economist.com Daily Chart: A Bit Expensive on: March 20, 2013, 04:27:43 PM
Wrong date: 2013-03-19

Thanks - just a slip of the finger. Fixed it.
284  Bitcoin / Press / 2013-03-19 Economist.com Daily Chart: A Bit Expensive on: March 20, 2013, 10:58:32 AM
http://www.economist.com/blogs/graphicdetail/2013/03/daily-chart-12
285  Bitcoin / Bitcoin Discussion / Re: Is Satoshi Dead? on: March 14, 2013, 06:43:25 PM
Back in 2009 when Satoshi still did personal e-mails to members, it was pretty easy with a tracking pixel to pinpoint where he was at the time even though he used a foreign e-mail server. His Mac was using a plain vanilla e-mail client that would load the pixels from the same place for every message he read from me, so if the search is where was he at the time years ago, I can shed some light on that.

Please elaborate!
286  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: March 13, 2013, 05:26:48 PM
The ~50TH/s batch.

Thanks, friedcat and friends, keep up the great work!

What stage is the 50TH/s batch at right now?
287  Bitcoin / Bitcoin Discussion / Re: Amateur hour on: March 12, 2013, 07:23:37 PM

As far as the mining is concerned, that was definitely the work of a 125. A much better idea is to increase the supply of coins proportionately to the transaction volume. This would result in price stability, an important characteristic of a currency which bitcoin currently lacks entirely. Note that the supply of bitcoins could also decrease if the transaction volume shrank. The way it should work is that the network continually adjusts the total supply of coins. Each holder does not hold coin totals, they hold a fraction of the total. So, your fraction never changes, but its valuation does depending on the volume of trades.

Your solution would incentivize a great flooding of traffic on the network -- more (spammy/useless) transactions would mean more money. Also it ignores the question of how coins come into existence in the first place.

Please rethink your proposal.
288  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: March 07, 2013, 09:42:54 PM
Keeping an eye on the competition: BFL chips have arrived in the packaging facility, scheduled for packaging on Wednesday (subject to change).

In other words, they still have a long way to go before their customers can start hashing. I would guess at least another two weeks...

Replying to myself here with another speculation:

BFL is expecting 5000 chips in their first batch, clocked at 350 MHz, with 16 cores each. Multiply them all together, looks like their first batch is only 28 TH/s. That is a lot lower than the estimates I have seen earlier, around 150 TH/s -- but that was probably their total number of preorders.

Also no news on their packaging.

TLDR; BFL won't be a serious threat for a long time yet.
289  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: March 05, 2013, 11:33:59 AM
Keeping an eye on the competition: BFL chips have arrived in the packaging facility, scheduled for packaging on Wednesday (subject to change).

In other words, they still have a long way to go before their customers can start hashing. I would guess at least another two weeks...
290  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: March 01, 2013, 11:56:34 AM
Fresh speculations on competitors:

Avalon: Shipping batch 1 on Monday, expected to reach customers Mar 15, 290 units @ 66 GH/s approx. 20 TH/s.

BFL: The comedy continues: chips have been in bumping for 15 days (Josh, Feb 5: "It should take no more than 24 hours to bump all our chips"). They will still need packaging, assembly, testing, final assembly and shipping. Not to mention that each of these steps occur in different locations. I would be surprised if BFL products hit customers before April.

ASICMINER: Already hashing  Cool

But why the hell is the hashrate only 3-5 TH/s -- it should be 12+! This is an incredible window of opportunity, but it will be closing soon...
291  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: February 28, 2013, 06:30:44 PM
go my dividend.

anyone got estimates on how much asicminer mined? my (very very rough) estimate is ~6000 BTC.

Well, they've found 276 blocks at btcguild - based on that their payouts should be around 6900 BTC so far.

Keep up the good work, friedcat and friends!
292  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: February 21, 2013, 06:33:52 PM
We are currently putting all of our hashpower on btcguild. We will split the hashpower (if/when) other major pools make corresponding adaptions to very large workloads in the next week. We tested on other pools but it seems that they had difficulty setting being a bottleneck for such a flood of hashpower at that time.

Does that mean those large hashers on Ozcoin are someone other than ASICMINER?
293  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: February 19, 2013, 09:39:23 PM
The urgent/non-urgent payments (except for 2nd round packaging/PCB/assemly cost) appear to total at around 5200 BTC (or approx. 865k RMB/140k USD).

Looking at the mining stats at BTC Guild, seems like ASICMINER has found 69 blocks so far, estimated mining revenue is then 1725 BTC. (I know I'm not making corrections for fees/PPS - this is just an estimate.) I'm also going to guess that ASICMINER is the "anonymous" miner on Ozcoin who has found 7 blocks, for another 175 BTC. So let's say a total of 1900 BTC so far.

That should put ASICMINER revenue so far at about 35% of the costs given. Assuming a steady hashrate of 3.5 TH/s gives around 480 BTC/day at this difficulty, which mean all these costs should be covered in 7 days from now. Of course, if hashrate increases, like all shareholders are hoping for, the costs should be covered much quicker (12 TH/s gives approx 1600 BTC/day).

Updating my estimate, the unpaid bills of 140k USD are now approx. 4850 BTC due to a BTCUSD increase, my estimate of mining revenue so far is between 2300 and 2500. Meaning that at the current rate of ~480 BTC per day, those costs should be covered in approximately 5 days.

Of course, it is reasonable to expect an increase in the hashing power too, so 5 days is kind of a "pretty bad case" scenario...

BTW: I'm starting to wonder if the top 3 on ozcoin (https://www.ozcoin.net/content/hall-fame-round-shares-bitcoin) are all ASICMINER. Could it be? I mean, who else could it be? Avalon? They seem to be new players, though, because they recently displaced HPC and bitinstant, which were #2 and #3 yesterday.
294  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: February 19, 2013, 03:46:56 PM
I would go even further and say: FULL POWER ON THE MINING - REGARDLESS!

Just do it honestly and openly.

If ASICMINER gets more than 50%, and causes some kind of panic, then those who are not panicking can pick up some cheap coins. The network didn't break when Deepbit had more than 50%, and it won't break if ASICMINER has it either. For those that do panic, their trust should return when BFL/Avalon powers up. For those that don't panic, no harm done.
295  Bitcoin / Bitcoin Discussion / Re: Could Bitcoin be a solution for the raw milk market? on: February 18, 2013, 09:40:02 PM
Raw milk is illegal to sell in most states.  But still, because the demand is high, farmers still do it.  To get around the laws, they offer ownership "shares" in a cow or similar methods (gifting).  Raw milk is often sold over state lines to avoid the laws in one state to makes the sales in a state that is legal.

Raw milk is one of the biggest black markets in the US.  In fact, it ranks right up there near drugs.  Check out some of the FDA raids on YouTube.

So, the demand is there.  The supply is there.  How do we get the two together legally (or pseudo-legally)?

I'm thinking that because bitcoin is anonymous, a farmer could sell milk online for bitcoins, people purchase it and have some sort of receipt of transaction.  Then, they go to a pick up location, get their milk, and everyone is happy.

Now, because no cash is being exchanged and because bitcoins are anonymous, it might be possible to get around the laws here.  I know that in some states, gifting milk is not illegal and the whole cow "shares" thing is legal in some areas, too (you can drink the raw milk of your own cow).

What do you guys think?  Is there a possible solution here?

Milk Road?
296  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: February 18, 2013, 06:06:27 PM
This is starting to look very, very good. Almost unbelievably good, actually.

The urgent/non-urgent payments (except for 2nd round packaging/PCB/assemly cost) appear to total at around 5200 BTC (or approx. 865k RMB/140k USD).

Looking at the mining stats at BTC Guild, seems like ASICMINER has found 69 blocks so far, estimated mining revenue is then 1725 BTC. (I know I'm not making corrections for fees/PPS - this is just an estimate.) I'm also going to guess that ASICMINER is the "anonymous" miner on Ozcoin who has found 7 blocks, for another 175 BTC. So let's say a total of 1900 BTC so far.

That should put ASICMINER revenue so far at about 35% of the costs given. Assuming a steady hashrate of 3.5 TH/s gives around 480 BTC/day at this difficulty, which mean all these costs should be covered in 7 days from now. Of course, if hashrate increases, like all shareholders are hoping for, the costs should be covered much quicker (12 TH/s gives approx 1600 BTC/day).

I predict good times ahead for ASICMINER!
297  Economy / Securities / Re: The ASICMiner wow. on: February 15, 2013, 02:12:21 PM
I've read in another thread asciminer shares will not declare anymore divs at a certain point, after that just representing share of business. This should be considered when talking about their value, especially at a definite time.

Link please - as you definitely misread something (or took a troll seriously).
After the first 0.1 (the ipo price) they will pay back another investor or stuff like that, after that, you own 1/400000 of the company.

There seems to be some misunderstandings flying around the forum here, about that, so let's try to put that to rest.

From the first post of the main ASICMINER topic: https://bitcointalk.org/index.php?topic=99497.0
Quote from: friedcat
ASICMINER has 200,000 shares in total. Each share gets
1/400,000 of the voting power of, and the regular dividends from, the Bitfountain
IC company registered in China. In addition, before investors of ASICMINER
break even against the IPO price, all net gains from Bitfountain will be paid
to them.
298  Bitcoin / Press / 2013-02-12 BBC News - Bitcoin virtual currency can now be used to pay for pizza on: February 12, 2013, 02:07:59 PM
http://www.bbc.co.uk/news/technology-21427505

Quote
Bitcoins first appeared in 2009 and are closely linked to the global network of computers that supports the currency and its users. Many people generate or "mine" the coins by participating in that network and a growing number of web stores and online firms accept bitcoins as payment.

They have become a very widely used alternative payments system and one bitcoin is currently worth about £17 ($26).

Also linked to from the BBC News front page http://www.bbc.co.uk/news/.
299  Economy / Securities / Re: [NastyFans] NASTY MINING on: January 24, 2013, 04:27:18 PM
A small suggestion for the fansite: the auction section currently holds a list of seats available for purchase and the corresponding price the seat holder is asking for. I would like to suggest the auction section also hold a list of buyers and what prices are offered by the buyer. Having only a sell-side order-book unnecessarily lowers the price since you can only see what sellers are willing to accept for their seats, and you know much less about what buyers are willing to pay for seats - I think this creates a kind of information asymmetry that eventually has the effect that price turns out lower than if an order book was held both for the sell and the buy side.

However, it might be hard to do - and it might be even harder to do it in a fair manner that does not force nonnakip to assume responsability for the funds of others, but I'm sure there's some smart person in here who might figure out a way to solve it?
300  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: January 23, 2013, 03:17:32 PM
Update

What happened last week:

1. Workshop with sufficient power supply and cables for mining farm settled.
2. Solution of mechanical parts such as heatsinks done and products bulk-ordered.
3. The mass production (second batch) of the chips starts in the fab.
4. The rest 6 wafers finished and in the QC stage.
5. Waiting for all the main boards assembled with chips and components done.

We would like to say that the shareholders of ASICMINER are always in a better place now, than device users. because while  the everlasting free upgrade from providers for users is not possible, all our future products will benefit our shareholders. Thanks to all shareholders for taking the risks with/for us as investors in the beginning of our project. Higher risks are almost always rewarded with higher returns when the risks are eliminated. Now the biggest risks have gone so please expect the enjoying of both short-term and long-term profits of us in the next years. And also thanks for your patience.

The deploying with the whole 12 wafers may take more than two weeks. But everything is progressing well and no exceptions happened. We will make more frequent updates when any new milestones are hit.

The excitement is killing me! Can we have our update a little bit early this week?

[And please let the message be: "ASICMiner has already started hashing..."!]
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