I told ya that guys dont have balls of steel. I should have put that donkey on ignore much earlier. In fact that yellow ignore button was not that hard to find... ^^ |
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bitminter is a low fee merged mine PPLNS pool, on paper looks good, but somehow, their 'luck' is extremely rotten - just check the income section and look at CDF. Check the luck and reward section too.
And check the last pages of this thread too  Didn't have the data to do the match yet, but I doubt the rotten luck is explained by probabilities alone, likely a bug somewhere. Probably have to seek alternate pool, bitparking used to be good but not reliable anymore. Anyone with good suggestions? I have very good experience with Slush's Pool. |
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Why does WinVery.com still not have an untrustworthy or scammer tag?  In offline world he would be dead by now... Yes. |
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Where is the number 300 coming from?
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Got the Satoshis confirming the successful transfer. Thanks a lot for the smooth deal, Diablo!  |
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Possibly stupid question but is the sale here for shares that will be transferreble as ASICMINER-PT to BTC-TC account?
Yes. |
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Actually I see now I miscalculated my offer at 1.054. I'll have to rely on the 14 @ 1.081 being accepted. D'oh!
That one was even too late at the 2 min late forum time...  |
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Forum time is 2-3 minutes late...
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i do not recall reading that someone cannot withdraw their bid in the OPs original post before the auction ends.
correct me if i am wrong.
if i am correct the person is well within his rights.
if the auction ended and he did not want to pay.. that is something else entirely.
so saying you will hand out scammer tags for such a thing is mighty hilarious when obvious scammers on this
forum never get one and operate to this day.
That's how auctions work. A bid is binding. If you could pull out your bid it completely defeats the point of an auction and would make it very easy to fraudulently drive the price up. I don't think you're a scammer though just misinformed. "Although state auction rules vary slightly, all states (except Louisiana) base their auction law on the Uniform Commercial Code, or UCC. According to the UCC, (section 2-238 paragraph 3): “a bidder may retract his bid until the auctioneer’s announcement of completion of the sale, but a bidder’s retraction does not revive any previous bid.”" I don't think you are a scammer though just misinformed. Read carefully. Hence, the auction would have to be restarted (which is not practical). As we do not have a classic auction with only one item for sale and therefore one winner, the application of the quoted UCC does not make sense here anyway. Bids are binding. |
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Sorry, but no. You'll have to dig a little deeper than that.
Well then show me friedcat's posts predating March 12 mentioning plans to expand beyond 50 Thash/s (or beyond 12+50 Thash/s) or plans to sell hw -> There are none. From friedcat's post from August 9, 2012: If our chips are successfully produced, all the following businesses will
contribute to the shareholders' return:
Self-Mining with First Batch of Chips At least 12TH/s in
total, that is equivalent to 30MH/s per share, or 300MH/s per BTC.
Hashrate/Chip/Board Selling Net profits are
conservatively calculated as $5 per GH/s. That roughly equals to 0.5BTC per
GH/s with the current BTC/USD exchange rate. It means that each time we sell
1TH/s of hashing power in various forms, the net profit per share will be
1.25mBTC, that is, 1.25% of the initial investment.
Self-Mining after Mass Production Unlimited hashrate in
theory because of the low margin cost. But in reality we have to consider the
cost of management (labor) and place (rent). We believe an expansion to 50TH/s
is not hard to achieve. That pushes the hashrate per share to 155MH/s, or
1.55G/s per BTC.
Next-Generation Products The plan will be discussed among
board members and approved by shareholders, because it would require keeping
some of the revenues instead of paying them all as dividends. The return of
this stage is difficult to estimate, since in the Bitcoin world everything may
happen and happens even quicklier than imagination. But we personally believe
that much more potential profits wait there.
This shows friedcat was undecided between selling hashrate contracts, or hardware. As I said, there were no definitive plans to sell hw. Though it was always a possibility "up in the air". So what does it matter if there were plans or not? If there were, the plan is being followed. If not, the plan changed. So what?! Atm the best solution seems to be selling part of the batches. |
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Duration of warranty period is still not clarified, as well as what software is running.
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Man, getting expensive already.
1 @ 32
If I understand it right, you don't have to be the highest bidder. There's 10 available, so as long as you're in the top 10 bidders you've won. And on that note, 26btc is now the mininmum bid right? 1 @ 27  Let people bid whatever they want. Maybe they do not want to update their bid every 5 min. |
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If they all sell at 25, BTC250 spread across 400k shareholders is mBTC0.625 per share.
Last dividend was 0.00695566 (if you include the 1 satoshi per share), or mBTC6.95566
So, no idea what the profit margin on these things is - let's say it's 75% at this price (don't forget, shipping is included).
Which means the proceeds of this sale will produce a once-off 15% bump in dividends.
So the question now is - how many of these things do we have to sell, once the auction is over (and presumably the auction price will become the "normal" price).
They will sell for much more than 25 BTC. So please save your calculations for later.  EDIT: Btw the profit margin does not matter as the shareholders have already paid for the devices. In addition to that your calculation seems not to make sense. |
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I believe those one chip USB devices are limited to 300 MH/s due to standard USB-port power limitations (maybe).
As per page one of this thread a board with 36 chips would hash approx. 14.112 GH/s.
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Diablo, I perfectly understood that when reading it the first time. |
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Device SellingApart from the same boards we use for mining, we also have an adapted version of the mini boards which we used at early January for our first arrived chips that are nice as small gifts. Here is a picture of a not-yet-assembled one with 300MH/s. It can be powered by merely the USB port:  Since the most important mission of ASICMINER is the maximization of profits for shareholders and the security of the network (hashrates should be in hand of good people and decentralization has to be preserved), we will balance the ratio of kept and distributed hashrates based on our portion and the market price of devices. I hope thats not going to be the only one you're selling. I'd like to buy one of the full scale boards you've been racking. Even if I have to pay all 36 BTC I have to buy one. Read carefully again. I helped you a bit. |
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