It's going parabolic. AM's value didn't go up 40% in 2 days, so why should the share price be. This is a bubble.
This |
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ugh why did shares go up so fast? there goes my ideas for buying more with dividends  ughhh can we stop the fast rise please! This: English translation of slides from https://bitcointalk.org/index.php?topic=2462533.4BTC * 400,000 = 1360,000BTC
> 0.136 billion USD
Q: How much hashing power does Bitfountain plan to deploy within this year?
Friedcat: 800-1000T within this year.
Q: What are the specs of the second batch? When will the mass production begin?
Friedcat: The exact numbers will only be known when the chips are out of fab, currently we only have simulated results. Mass production will be in October the earliest.
Q: What would be the physical address of the offshore company be to registered?
Friedcat: It will be on an island where financial freedom is more possible to achieve.
Q: Do you have plans for future other than mining and selling hardware?
Friedcat: ASICMINER's business is confined within mining and selling mining hardware. We might do some
periphery work, but that won't be too distant.
Q: What kind of investors or business partners are you keeping in touch with?
Friedcat: We currently don't accept external funds, so there is no private investors. The partners we keep in touch with are mostly tech related.
Q: After the batch shipping from Avalon and BFL, how would the manufacturers in Shenzhen compete with them?
Friedcat: Our advantage to manufacture chips at the cost price is invincible.
Q: Are you hiring? What kind of people do you need?
Friedcat: We need people specialized in analog electronics, but we don't put much hope in finding this kind of people within China.
Q: Any plans or strategies that are suitable for the public to know?
Friedcat: We will be focusing more on the area that we have the most advantage in. It depends on whether we have more advantage in chip design or the ability to deployment fast.
Q: Why the hashing power of AM is not stable?
Friedcat: The variance of solo mining itself is relatively huge. And the whole network is being DDOS'ed lately, the 0.8.3 version of the software has fixed some bugs so as to prevent DDOS.
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Ok so 5btc/share in october  Everyone is still struggling to reach TH/s, they are discussing PH/sThink double digits... |
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This Changes Everything. Again.
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English translation of slides from https://bitcointalk.org/index.php?topic=2462533.4BTC * 400,000 = 1360,000BTC
> 0.136 billion USD
Q: How much hashing power does Bitfountain plan to deploy within this year?
Friedcat: 800-1000T within this year.
Q: What are the specs of the second batch? When will the mass production begin?
Friedcat: The exact numbers will only be known when the chips are out of fab, currently we only have simulated results. Mass production will be in October the earliest.
Q: What would be the physical address of the offshore company be to registered?
Friedcat: It will be on an island where financial freedom is more possible to achieve.
Q: Do you have plans for future other than mining and selling hardware?
Friedcat: ASICMINER's business is confined within mining and selling mining hardware. We might do some
periphery work, but that won't be too distant.
Q: What kind of investors or business partners are you keeping in touch with?
Friedcat: We currently don't accept external funds, so there is no private investors. The partners we keep in touch with are mostly tech related.
Q: After the batch shipping from Avalon and BFL, how would the manufacturers in Shenzhen compete with them?
Friedcat: Our advantage to manufacture chips at the cost price is invincible.
Q: Are you hiring? What kind of people do you need?
Friedcat: We need people specialized in analog electronics, but we don't put much hope in finding this kind of people within China.
Q: Any plans or strategies that are suitable for the public to know?
Friedcat: We will be focusing more on the area that we have the most advantage in. It depends on whether we have more advantage in chip design or the ability to deployment fast.
Q: Why the hashing power of AM is not stable?
Friedcat: The variance of solo mining itself is relatively huge. And the whole network is being DDOS'ed lately, the 0.8.3 version of the software has fixed some bugs so as to prevent DDOS.
Discuss irrationally. |
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English translation of slides from https://bitcointalk.org/index.php?topic=2462533.4BTC * 400,000 = 1360,000BTC
> 0.136 billion USD
Q: How much hashing power does Bitfountain plan to deploy within this year?
Friedcat: 800-1000T within this year.
Q: What are the specs of the second batch? When will the mass production begin?
Friedcat: The exact numbers will only be known when the chips are out of fab, currently we only have simulated results. Mass production will be in October the earliest.
Q: What would be the physical address of the offshore company be to registered?
Friedcat: It will be on an island where financial freedom is more possible to achieve.
Q: Do you have plans for future other than mining and selling hardware?
Friedcat: ASICMINER's business is confined within mining and selling mining hardware. We might do some
periphery work, but that won't be too distant.
Q: What kind of investors or business partners are you keeping in touch with?
Friedcat: We currently don't accept external funds, so there is no private investors. The partners we keep in touch with are mostly tech related.
Q: After the batch shipping from Avalon and BFL, how would the manufacturers in Shenzhen compete with them?
Friedcat: Our advantage to manufacture chips at the cost price is invincible.
Q: Are you hiring? What kind of people do you need?
Friedcat: We need people specialized in analog electronics, but we don't put much hope in finding this kind of people within China.
Q: Any plans or strategies that are suitable for the public to know?
Friedcat: We will be focusing more on the area that we have the most advantage in. It depends on whether we have more advantage in chip design or the ability to deployment fast.
Q: Why the hashing power of AM is not stable?
Friedcat: The variance of solo mining itself is relatively huge. And the whole network is being DDOS'ed lately, the 0.8.3 version of the software has fixed some bugs so as to prevent DDOS.
If this is true, 10 BTC/share is not unreasonable. Again, this is unverified information still but once it is confirmed.... |
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is there a large auction happening? was wondering why the price was hovering
Guys, we need to ground ourselves. You do not want the price just going up constantly. No matter how good it feels to just watch your investment inflate, every bubble pops in the end. The stock has risen 1BTC in like 2 weeks, be happy! Start thinking of ways to protect your investment, diversify, etc. Or hell, (no offense intended), do something productive yourself! As in, we shouldn't be watching the mining wallet and hash rate nonstop?!?! This is making too much sense... |
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So many people are buying bulk USB miners for resale... Canary doing his JIT sales... now I imagine BTC guild purchased a good amount to handle quick shipments as well. Canary alone sold over 500 sofar, it will be interesting to see how many sold in the rest of the world...
Div prediction? Lets shoot for .04 again this week... I am feeling lucky!
Friedcat said "more than 4000 USBs sold" a couple weeks back. So a conservative 5000 USBs (or 5000 BTC) tacked on with the mining divs = less than 0.04/share |
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TIME TO PANIC BUY!!!This is the information thread of sales for our Block Erupter USB sticks. New Sales PolicyCustomers in China, Hong Kong, Macau and Taiwan Please contact forum member rockxie(with e-mail address: rockxie@gmail.com), whose RRP is agreed by us. Customers in Canada Please contact forum member teek, whose RRP is agreed by us. Customers in EU, Switzerland and North Europe non-EU countries Please contact forum member yxt, whose RRP is agreed by us. Customers in the rest of the worldMinimum Order Volume of 50 USB sticks. Price of 0.99 each. 2% sent as redundancy (not in warranty). Shipping is free. If you reach the total volume of 1,000 USB sticks, price is dropped to 0.89 each and we will pay back the price difference of all your historic transaction of USB sticks. If we get an excluding deal with resellers in some certain countries we will stop directly supply USBs towards there, as in the case of China zone, Canada zone, and EU zone. ShareholderIf you are a shareholder of ASICMINER, you will have the privilege of paying later. You will have 15 days to pay after shipping. The maximum volume of USB sticks for this policy you enjoy is (share number / 3, rounded down). Your (USB number * 3) shares will be frozen, thus not trade-able, as collateral, till payment for the USB. If you fail to pay, the shares will be collected back by ASICMINER. The minimum volume requirement of 50 USB sticks still holds for shareholders.
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Hi guys!
I am currently in the process of planning a bitcoin mining operation. I have a start-up budget of roughly 150k USD. What do you recommend? Im not going with ANY pre-order start-up company as until such time that they prove to distribute product, Im not interested in sinking FIAT into any non established operation.
Essentially If you had 150k to spend on bitcoin machines what would you do?
Thanks.
Hold, anyone PM'ing you about making "tons of BTC" or "doubling your investment" are trying to weasel you out of your money. |
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All of this considered, I want to tell you that there is not one absolute "fair" market price for a hash, there are virtually three.
1. Fair price to the Buyer
2. Fair price to the seller
3. Fair price to the market
The Buyer will see fair price as one that is nearly guaranteed to meet his profit standards.
The Seller will see fair price as one that is nearly guaranteed to meet his profit standards.
The Market will see fair price as and the push-and-pull between the risk profiles and analysis of Sellers vs. Buyers.
OK, but what is the fair price for the issuer, issuing new shares? The market drops were caused by you issueing new bonds. Yesterday it caused a 0.0007 drop and today a 0.0003 drop on btct.co. I think with current difficulty rises a fair price should not be higher than 0.0027 BTC (oops market will drop  ) By the way, where are the BTC going of the new bonds issued? To his own coffers. There is NO PLAN to increase the hash rates of the existing bonds, they will only go DOWN in value. PMB's are a sucker's bet. You have a better chance of making more money with S. Dice, honestly. |
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EVERYONE is pussyfooting with their "safe, conservative" estimations. I say that ASICMiner shares are worth 52.5/share, can't beat that market cap 
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Is anyone else having trouble accessing btct.co?
Been down for 2 hours or so. Trying to get people to panic sell, don't give in. How do you panic sell, when the site is down? As in, "Oh shit, I can no longer access my assets and funds. As soon as the site is back up, time to cash out" |
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Is anyone else having trouble accessing btct.co?
Been down for 2 hours or so. Trying to get people to panic sell, don't give in. |
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Reminder -- We're collecting questions from the community that will be compiled and voted on (by the community as well,) and passed on to Friedcat by TAT.
If you have questions that you feel are important, please submit them via PM to either ThickAsThieves, FrankTank, VJain or myself.
Ian
Did he answer the last set of questions? Yes. ThickAsThieves posted Friedcat's response here: https://bitcointalk.org/index.php?topic=99497.msg2460719#msg2460719One of the downsides of the process we went through with the first shareholder poll, where TAT posted Friedcat's response to the forum rather than Friedcat posting it directly himself, is that it is now very easy for a shareholder or investor to miss that response if they attempt the (often recommended!) readthrough of just Friedcat's posts as a means of filtering through the incredible amount of clutter in this thread. Having Friedcat directly post his response to future polls would be ideal. There should be a specific, locked down thread used only for announcements. It's about the third time I suggest this, but nobody goes ahead with it. Well, iirc somebody did sometime, but afterward he stopped. I still do it but seeing friedcat is busy and doesn't post often, I don't have much to go by. If you want Speculation, there's a thread for that too. |
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What do you guys make of FC's latest post: Update
The chips of the second batch will be ready in smaller packages during this week and the next one. We are preparing for the (larger) mass production of USB devices and blades, as well as necessary wholesale price adjustments.
The hashrate drop this week was caused by an internal troubleshooting which took about 10h, followed by a series of bad luck (which happened to involve the whole network).
Hash rate going up, 2nd batch coming online next week, and bigger production of devices. This looks good for next week of AM, maybe hit 3.5? Maybe a low of 3.5/share  |
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Update
The chips of the second batch will be ready in smaller packages during this week and the next one. We are preparing for the (larger) mass production of USB devices and blades, as well as necessary wholesale price adjustments.
The hashrate drop this week was caused by an internal troubleshooting which took about 10h, followed by a series of bad luck (which happened to involve the whole network).
Link |
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You have the means to track Bitcointalk threads. Would it be possible to have a feature like subscribe to a thread or certain user for push notifications? Keep it up!
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"The night is darkest just before the dawn. And I promise you, the dawn is coming..." - Harvey Dent, The Dark Knight |
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I recommend just sitting tight a couple days to see how things unfold. Maybe have some relaxing tea This, no need to get panties in a bunch because friedcat's not updating on a daily basis. You bought in because you trusted friedcat's decision making, unlike those "other ASIC companies".... |
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