Finally, i found it quite unnecessary all this anger in response of your fair calculations. People tends to be even more passionate when it comes to their investment/money.
Here are a few reasons many might be annoyed with mabsark: - repeatedly advertised labcoin causing many to lose large amounts of money - Uses highly speculative calculations as "proof" and gets angry when someone gives him an equally speculative response. - Won't shut the fuck up about his speculative calculations. - As soon as his bullshit math is disproven, he returns with some new bullshit math to "prove" that asicminer will fail and ultimately waste our time. It is fine and dandy to speculate but when 20+ people disagree with you and not a single person agrees, you should really take a hint. |
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You said that 6 months ago as well when you were claiming shares were worth at least 5 BTC and I explained why such prices were insane. and yet, I was right, we did hit 5 btc. The arguments I recently made are also perfectly valid. and how about your arguments saying that Labcon would be worth 10x what they were sold for? Those didn't hold up, either. Also, why would me telling people to do the maths themselves push the price down? Wouldn't that only be the case if the maths showed that the shares were overpriced?
you and I both know you can make the math say whatever you want to say, because you selectively pick data and numbers for calculations. Kinda like you saying Labcon would hit 1btc or more. You had math to back that up as well. It seems like your math and reality don't match up too well. Can we stop quoting mabsark? Would love to have a serious discussion with someone who is not a troll/has more than 0.01btc invested. Just hit ignore and move on. As for the share price, I expected a small increase before news regarding tapeout but not this dramatic. Was expecting 0.5/share after news that tapeout was on schedule not before. |
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Gen3 tapeout is the reason for the price increase. If they meet deadlines it will go even higher.
I really don't have a dog in this fight. I haven't owned Asicminer shares since 2.5 btc/share. However, as a guy with bitcoin to spend, I won't be buying at these prices. The market is very thin and a single buyer can easily cause a run like we are seeing now. My statement was simply to warn the newer investors that these prices are unsustainable without better news and waiting might be the better play. Thing is all AM has to do to come out on top is deliver. So far the only other asic manufacturer that has shown it can deliver is knc and they wont deliver neptunes for another 6 months. Also does anyone know if bitfury is working on next gen chips? |
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Thing about scrypt mining is your earnings don't halve every 2 weeks. Also when buying scrypt mining hardware you get it now as opposed to months from now. I have ordered a blackarrow x-1 but I would honestly be surprised if they met their deadline or are even only a month late.
I guess I'm really more concerned about the upcoming scrypt ASICs people are talking about. It reminds me all too much of joining the BTC mining scene late with a crappy GeForce video card when FPGAs were just coming out. Seems like the same thing would happen, and I'd be stuck in the same position I'm in now when that happens. Afaik because of how scrypt was designed asics and fpgas are not nearly as effective. First scrypt asic comes out in 6 months and will only be 1/2 the cost of buying a rig now. And because scrypt was created to be impossible for asics I am sure as soon as asics are released, a new gpu only coin will pop up. |
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Free investment advice...
AM1 will drop from .46 to .28 in the next 7 days.
You are welcome.
Based on? The fact that Gen 3 hasn't even taped out yet and we are dealing with a company that is batting .50 on successful ASIC designs. They may have a cool hosting system in place, but if Gen 3 doesn't pan out this stock is done. Gen3 tapeout is the reason for the price increase. If they meet deadlines it will go even higher. |
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If you are really set on buying hardware I would either preorder a blackarrow asic as they seem to be the cheapest or build a scrypt mining rig. Scrypt mining seems to be able to reach roi much faster and using a pool like hashcows you can automatically convert to btc.
A valid alternative, I suppose, but it's only matter of time before I run into the same dilemma there as well, no? Power costs for scrypt mining also tends to be much higher. In order to make the same amount I make presently with BTC I would need at least 3 MH, so at least 3 video cards all eating about the same amount of power that my two SHA-256 devices are using total EACH. Unless I'm missing something, $3000+ for a simple scrypt device doesn't seem anywhere near as profitable as BTC mining. Thing about scrypt mining is your earnings don't halve every 2 weeks. Also when buying scrypt mining hardware you get it now as opposed to months from now. I have ordered a blackarrow x-1 but I would honestly be surprised if they met their deadline or are even only a month late. |
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Anything besides bfl. You would have better luck making a profit by literally flushing your money down the toilet. In all seriousness knc and asicminers next products are probably your best bet. Mining is looking pretty risky at this time so it might be best to just hold btc.
Yeah, except both of those are way over my current budget, and I was hoping to keep rolling with nothing but what I've earned instead of having to dump cash into the hardware. As far as I'm concerned, every BTC I earned was free, minus power costs, as I earned them all through a video card which I already had at the time I discovered bitcoins. Which immediately went into ASICs. Were they to release hardware under the $1400 mark, I'd gladly look into getting some, but... a Neptune is completely unrealistic for me, as is just about anything else in that price range. If you are really set on buying hardware I would either preorder a blackarrow asic as they seem to be the cheapest or build a scrypt mining rig. Scrypt mining seems to be able to reach roi much faster and using a pool like hashcows you can automatically convert to btc. |
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My father (a font of wisdom hard earned) passed me down a small piece of advice that some should consider.
"Son, most people think they make money the day they sell something. Nothing could be more backwards. You make your money the day you buy. You would be surprised how many people lose money the day they sell. Learn the difference between gambling and investing. In gambling, you lay down your money and spin the wheel. If you win, you get paid, and if you lose, they take your money. The end. Investing is altogether different. The wheel keeps spinning and spinning and spinning. You get to choose when it stops."
For me, the AM wheel is still spinning. I think I will stop it later rather than sooner.
I like the quote. Going to steal that from your father. It's a lovely quote. But in reality, we have no real information about what speed the AM wheel is spinning at. They are so slow these days. Can't even find someone to do PR after 3 months ..... but hey, the share price is rising, its a good day  Although having an active PR employee would be nice for us investors, it really doesn't help AM in any way and might even slow down the wheel. I for one am pretty satisfied with monthly updates as I feel FC has proven himself enough to nit need constant communication. |
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Even if a 1TH/s miner was produced every minute the difficulty would only increase about 212M per day. If we assume an exponential growth rate of 20% per difficulty change, the increase in hash rate would exceed the production rate of miners in early June. The growth in difficulty will become linear.
Why would it be linear? I don't get it. The production capacity of 28nm (or 14nm) products can be increasing at exponential rate. As long as human population increases at exponential (or near exponential) rate why would production (of asics or anything else) not be in step. It has been so far. We still have enough resources on this rock to have a good exponential run for another 75-100 years or so. There will be nothing linear about it in our lifetimes. Babies are born every minute and every minute there is a teenager somewhere who discovers crypto currencies and wants to make some money. Technically any growth could be considered exponential even if very little. My question is will growth slow down from the 30% per change we are seeing now? I think we are currently in the "bitcoin gold rush" and just like the real gold rush we could see a bunch of the miners drop out5 leaving only the most efficient operations. |
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So, here's the dilemma. I'm wanting to increase my hash rate significantly. I've been working with 110GH/s since the end of the last year, and am starting to see rapidly diminishing returns due to the increased difficulty. I currently only have $1400 in BTC available to spend. I currently have 2TH coming in February due to one purchase of a Black Arrow miner, but by that time, I'll probably be bringing the equivalent of what I have presently onto the field. So the dilemma still exists.
I was WANTING to purchase already available hardware, in order to increase my power NOW thinking it would be better to do so than to invest in hardware that's soon to be released. Unfortunately, it seems that unless I get some exceptional deals on hardware that's currently out, they'll never mine more than I spend on them.
I want to be able to keep a steady flow of BTC income. I realize this won't be possible with currently released hardware, unless someone's willing to get rid of BFL Singles (or equivalent) for about .6BTC a piece. So therein lies the question. Should I worry about investing in current-gen hardware? Should I wait for this coming gen?
More specifically, would it be worth preordering 300GH/s from BFL, under proper conditions (and assuming their shipment schedule isn't a year and a half behind like with their other devices), if it isn't going to come until February? Should I rather invest in more Black Arrow hardware that's due in March? What can I get now that fits my current budget of $1400 that will be at least be somewhat easy to get a full investment return on?
Thoughts, opinions, suggestions and "go screw yourself"s all appreciated.
Anything besides bfl. You would have better luck making a profit by literally flushing your money down the toilet. In all seriousness knc and asicminers next products are probably your best bet. Mining is looking pretty risky at this time so it might be best to just hold btc. |
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My father (a font of wisdom hard earned) passed me down a small piece of advice that some should consider.
"Son, most people think they make money the day they sell something. Nothing could be more backwards. You make your money the day you buy. You would be surprised how many people lose money the day they sell. Learn the difference between gambling and investing. In gambling, you lay down your money and spin the wheel. If you win, you get paid, and if you lose, they take your money. The end. Investing is altogether different. The wheel keeps spinning and spinning and spinning. You get to choose when it stops."
For me, the AM wheel is still spinning. I think I will stop it later rather than sooner.
I like the quote. Going to steal that from your father. |
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Funny how the same guy is bidding on these retarded youtube account names and then mysteriously each auction ends for 25btc+..
Come on OP you can do better than that..
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There is no such thing as "WeExchange / BF".
There are two different things. "WeExchange" and "BitFunder".
Cute, but it will work as well as "it's just a game" worked. My first thoughts as well. Are both "companies" operated by the same guy? If so they are the same company. That would be the equivalent of mcdonalds classifying their soda machine as a separate company. |
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Read: Sue Jon Montroll directly, don't sue Weex.
Even if Weex did file for bankruptcy, they would have to list their assets and liquidate those to creditors. Not that I think that it would help, but it means that bankruptcy is a 'throw up your hands and everything is gone/forgotten'
You can. Anyone can sue anyone for any reason. Please consult your lawyer if you wish to proceed. In the meantime, I am favoring "not" filing bankruptcy and continuing to work to make people whole. -Ukyo I don't have any coins stuck/stolen by you- it's just sad to me that you're stringing the community along. Until you come out and say specifically what happened to the coins, you're a scammer in my book. The coins 'aren't available' isn't an excuse you should be able to hide behind. I'm sure you wouldn't accept it if your employer said that your paycheck 'wasn't available' or your bank account's funds 'aren't available', but no other explanation was available. Why bother wasting your time here? Ukyo has made it very clear that either he cannot give us the full details (but can give us hints and riddles) or he does not want to. Either way this mess stinks of bullshit and how ukyo handled it makes it clear that no bitcoiner will ever trust him or any service he touched with even a single satoshi. Even if this is not ukyo fault at all and some gov agency is pulling the strings, the manner in which ukyo handled the situation is completely unacceptable. |
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Methinks Mabsark is upset he missed
Wouldn't be surprising as his whole posting history is failed predictions. Over 0.40 now. I don't get it. Worse dividends ever, no hope of anything better for weeks. Stock jumps up 50%.
Unless you account AM is in development mode again - same way shares that did not deliver anything yet, but promise future revenue, get traded. Really pankkake? Remember when shares where going for 4+ BTC and I said this: It's my opinion that a lot of investors simply don't understand how mining works. If they did, then they would understand that AM hardware and shares are vastly overpriced.
Just like a lot of people paying silly money for mining bonds have found out, AM investors will come to the same realisation that share prices are currently way overpriced.
LISTEN AND LISTEN CAREFULLY. The only reason why AM is able to charge such outrageous prices is because they've had no competition. By the end of the year, there will be plenty of competition. Here's a quick comparison:
AM Block Erupter Blade
10 Gh/s
50 BTC = 5,000 USD @ 100 USD/BTC
2 Mh/s per USD
KNC Jupiter
350 Gh/s
7,000 USD @ 100 USD/BTC
50 Mh/s per USD
It should be blatantly obvious to anyone with half a brain that there's going to be a lot less income from hardware sales due to competition. That same competition will also decrease AM's share of the network hash rate.
AM share holders are going to get hit by a good dose of reality in the coming months. Perhaps then they will stop listening to idiots trying to flog them overpriced stuff and do the maths themselves.
To which you replied: AM will probably have better hardware to sell than what they have now by then. They will also be able to sell their old, less-efficients ASICs (sure it will be for less) if they replace them in their datacenter.
They have the experience and people know they ship. So I doubt they'll have trouble selling new hardware.
and, You're missing the part where I think they will have better hardware, and while it will have to be priced better, it will also be still competitive. The selling of older hardware is just icing on the cake.
ASICMINER has a history of shipping and no false promises.
Also, I renew my scepticism of KNC having access to 28nm fabs.
Remind me how that turned out again. You guys are all blinded by greed again and you're all going to get burned again. I've shown you guys the numbers, if you don't believe those numbers, then use your own values and do the maths yourselves. Look at the facts. Edit: I urge everyone to go back to page 20 of the speculation thread. The argument I made back then was blatantly obvious to me, yet I could count the number of people who understood that on one hand. People delude themselves into believing nonsense simply because they want that nonsense to be true. Unfortunately, reality does not work like that. Aren't you the guy who was pumping Labcoin and so arrogant/confident how it would play out. Be sure to quote those posts too so we can see for every correct prediction you make an equally moronic one. Not sure if mabsark is a troll or actually believes what he is posting. Either way I've found that by betting against mabsarks predictions you literally cannot lose money. |
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I've got about $850 to spend on a scrypt coin miner. I'll be storing the miner at my office so I will require a case for it. It can be hideous looking, but needs to be enclosed and not a milk crate design. Can someone please spec me out a stable miner including motherboard, memory, psu, cpu, gpu, and case. Obviously one that will get the best hash rate, stability, and won't melt in whatever case is chosen. Much Appreciated!
You will probably want 3 x radeon 7950s for around 1500kh/s. Not going to find all the parts for you as you can easily do it yourself. Just find the cheapest mobo with 3 pci-e slots and the cheapest cpu/ram/parts to go with it. |
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"Minion driver is now available We have completed the first version of the driver for the Minion and submitted it into cgminer. This driver has been tested and certified on FPGA. After several months of tests we have concluded that in order to achieve the best efficiency with our code, the Minion will have to run at 1.01Ghz. For this reason we have increased the number of cores from 64 to 99."   Does this mean the minion/x-1 will be overclockable to 150gh/s? |
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Hello, I am considering a setup for a 3x Radeon R9 280x rig, could You suggest me which other parts I should use? To minimize the cost, and be optimal aswell (so the GPU is the bottleneck)?Assistance from anyone who has similar setup would be even more helpfull Afaik scrypt mining doesn't require much cpu or ram power so I would just go to newegg and find the cheapest motherboard with 3 pci-e slots (probably 1 pci-e x16 and 2 pci-e x1 would be cheapest). PSU would probably need to be 1000W to be safe. I thought I do need 3x x16 PCI slots, since this card has PCI x16? Has to be pci-express not pci. Can be x1 with powered risers or x16 with risers. I currently have GA-P35C-DS3R on my old PC, it has 1x PCI-e x16, and 3x PCI-e x1, does that mean I can use 3x 280x which have x16 PCI-e slots? http://www.gigabyte.com/products/product-page.aspx?pid=2749#spYour motherboard can support 4 video cards with riser cables. Awesome! Riser cables only for 1x pci-e slots, right? Is the only purpose of riser cable to allow cards to be further from each one, or PCI-e x1 slots need those to connect to PCI-e x16 card(which I doubt is necessary)? Beware of the heat produced. You will need risers or external fans to keep them cool!
Do You mean that those connected to PCI-e x1 need external fans, or each one (x16 slot one too)? For more than 2 cards you might as well just use riser cables for all of them. You need to space them out because they produce a lot of heat even with the built in fans. |
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Hello, I am considering a setup for a 3x Radeon R9 280x rig, could You suggest me which other parts I should use? To minimize the cost, and be optimal aswell (so the GPU is the bottleneck)?Assistance from anyone who has similar setup would be even more helpfull Afaik scrypt mining doesn't require much cpu or ram power so I would just go to newegg and find the cheapest motherboard with 3 pci-e slots (probably 1 pci-e x16 and 2 pci-e x1 would be cheapest). PSU would probably need to be 1000W to be safe. I thought I do need 3x x16 PCI slots, since this card has PCI x16? Has to be pci-express not pci. Can be x1 with powered risers or x16 with risers. I currently have GA-P35C-DS3R on my old PC, it has 1x PCI-e x16, and 3x PCI-e x1, does that mean I can use 3x 280x which have x16 PCI-e slots? http://www.gigabyte.com/products/product-page.aspx?pid=2749#spYour motherboard can support 4 video cards with riser cables. |
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