0.2 J/GH was what Gen 3 asicminer chips were simulated to achieve at 40nm but unforeseen heat problems in the design were encountered in actual chip testing. Friedcat stated that these heat problems were solved going into Gen4 so I guess we will have to wait and see in both cases. Whatever happens, we'll have interesting stories to tell the great grand kids while rocking on the back porch. |
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At this point it is more about survival than profitability. AM has no debt and the best product on the market for nearly immediate delivery. You can buy 14 Th/s for around 5000$
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More squeeze for AM. Market is rough.
There are a lot of miners and manufacturers getting squeezed but I think AM is positioned very well with the Prisma being the best deal in town and pegged to BTC, not USD. Remember Gen3 Chips were paid for long ago and Friedcat's stated goal of squeezing everyone. Is anyone buying pre-orders anymore? |
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What is the probability that this Bitstamp ask wall is made out of Gox stolen coins?
It wouldn't be a smart move on the part of the thief. |
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It would be absolutely hilarious to see that wall get bought up in one fell swoop.
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Sunday delivery. This must be a sign of great things to come  Those 5oz/ 5 seat coins look absolutely amazing. Definitely want! |
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Someone is going on a buying spree. Bought to over .19 each
It's probably NotLambChop  |
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I went ahead and purchased a 1.4TH/s Prisma. The batch being priced in BTC and the falling exchange rate seemed to make it an attractive investment relative to the other available options. It should ship later this month. They ship within a very acceptable time frame too. Nice! |
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Several very pertinent posts - just above. Every period has its own opportunities even for the 'small guy'. The trick is to spot them. For example: 1) an operation like AM could succeed with it's plans and right now one share costs just ~0.15. Yes, predicting it is speculative and shares could go to zero. But believing that large gains can be achieved without appropriate risk is infantile, 2) large mining operations are killing my miner's profitability? - what about taking advantage of depressed prices and accumulate btc? Each month, for a fracture of my income. In fact, current low prices are to large extent the merit of those mining behemoths. In a few years I could look very, very smart with this simple approach. If/when the price spikes I could even buy a miner - of course only if appropriate opportunity arises 3) why not to try some arbitrage even if just for fun - serious attempt requires time and dedication. Eagerly looking for good news from AM  Well said. The correct timing for purchases of either bitcoins or mining gear can make all the difference. AM has shown they navigate the waters very well in terms of responding to timing, pricing and approach despite extreme challenges in predicting what will happen next. It's been fun if nothing else  |
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Now for the painful truth...no matter who you buy from none of it makes you a profit. Buying any mining gear at retail prices even with free power you lose.
IOW mining is done, time to unplug the equipment, put it on the shelf, and forget about it. Come to think of it, It's always been this way except for a few suddenly brief periods of huge price rises in BTC and early on whenever a new generation of mining tech was invented for the those first in line. Yet, the network hashrate just keeps going up no matter what. What the hell are we doing?  Bitcoiners don't seem to be interested in making money, just basking in the warm, transcendent buzz of mining gear. It must be their cold. dark hearts that drive them to it like moths to a flame. |
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Interesting. I feel a lot better about it now.
EDIT: The coindesk article about the buttcoin.org purchase and editing by BFL makes me just shake my head in contempt for these guys. What were they thinking? I guess their reputations weren't sufficiently ruined by the other actions they took so they went for broke.
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Ouch to us. It looks like the debt restructure is going to have to be re-thought out? Thanks a lot there "authorities".  Edit- After reading the coindesk article maybe it won't be so bad for us. BFL's practices WERE extremely unethical. I still wouldn't have called the cops over it though. It's not like they forced anyone to pre-order from them and we all knew how sloppy their track record has been. |
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Agreed more communication is strongly desired and many shareholders are more than happy to lend assistance wherever needed. It's really up to Friedcat and there's not much we can do but ask and wait or sell.
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The biggest threat to AM at present is the sheer lack of shareholder confidence. In my opinion this is an easy problem to solve, it only needs a few words from friedcat little and often.
I don't see how shareholder confidence is a threat to the company. AM is not looking to do another IPO or asking for support from shareholders in any way so if people want to dump shares cheap it's really not a problem for anyone but the seller. Customers don't care if shareholders get fed or not and there are lots of folks who would love to get a piece of the action for cheap. We are in a big crunch, AM doesn't have to destroy all of the competition, just weed out all the weak ones and pre-order garbage out there. The new Cointerra offering is just begging to fail like so many others. Pre-orders and other garbage needs to end, but good companies running tight ships should survive the AM assault. |
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emotions running high. Oh dear , what to do, what to do!  Don't blame a Chinese teenager for your troubles. For that... look in the mirror. http://nakamotoinstitute.org/mempool/everyones-a-scammer/Sell your shares. Take what is left and put it in cold storage. Go do something useful to others, make a contribution. Learn patience. You aren't going to become rich overnight by doing nothing but going through gyrations of despair on an internet forum. If you are a scammer, you will never become rich no matter how many btc you own. This will never change no matter how much you wish it. It's the law. |
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No voters can still change their mind and change their vote Excellent! Let's hope some initial gut feelings are thought through more thoroughly. |
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It's close. If you haven't voted yet, please consider carefully before you do. I believe debt elimination is very important and is the best option for everyone going forward. It's strange that we have heard no arguments against from the nay voters.
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