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Friedcat said divs would be in August. My best guess would be the 20th or the 27th.
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meteoric rise is imminent  |
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although AM just started pricing in BTC. this drop will hurt profits a lot, unless prices are rebased.
As someone not informed with this, how does pricing in BTC cause profits to drop? Hardware is priced in BTC, BTC profits remain the same, USD profits suffer because of lower BTC/USD value since Friedcat made the announcement. EDIT This also makes AM hardware more attractive to fiat holders wanting hardware. BTC profits do not remain the same. Regardless of whether AM prices its products in fiat or BTC, the expenses--foundry, assembly houses, parts suppliers, electricity, etc--those are fiat expenses. BTC has to be converted to fiat to cover those. Obviously one has to pay more BTC (for the same amount of fiat) when the exchange rate is lower, by definition. If you pay more BTC, less BTC gets left over as profit. Why does this even need to be explained? What makes you think that Friedcat would not have already paid for this when he was planning to sell hardware. The chips for this round have long been paid for and I'm not entirely sure what else has but it doesn't seem likely that they are just starting to think about "foundry, assembly houses, parts" for units that are being sold as we speak. So you are correct so long as there are bills remaining for hardware relative to the proportion of costs still to be paid. |
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Unless you have access to AM books, as well as those of other ASIC manufacturers, you are not in a position to say anything meaningful of AM costs, or the amount of stock AM has compared to its competitors. This, again, seems self-evident. Feel free to drop some numbers.
Regarding AM being "well positioned for this environment." When the gold rush is over, you're right to say that only the bad-assiest shovel merchants will survive. But even allowing that AM is, in fact, the biggest baddest shovel merchant, concluding that vanishing profit margins is actually a good thing (because it would hurt other merchants more, possibly driving them out of business)... That's a bit of a stretch, no?
I don't think it's that much of a stretch. I don't have accurate numbers but do a lot of reading around here and this is my best guess. Do you know of many companies with in hand hardware that is currently shipping anything better or cheaper than AM? Where would you buy hardware right now if you were going to? Of course vanishing profit margins are never a good thing but you can be relatively better or worse positioned at the time compared to the competition. Pre-orders will be slaughtered. |
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although AM just started pricing in BTC. this drop will hurt profits a lot, unless prices are rebased.
As someone not informed with this, how does pricing in BTC cause profits to drop? Hardware is priced in BTC, BTC profits remain the same, USD profits suffer because of lower BTC/USD value since Friedcat made the announcement. EDIT This also makes AM hardware more attractive to fiat holders wanting hardware. |
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...
This is predicated on other players not having sunk money into their product--an unjustified assumption.
Lower BTC/USD price makes mining less profitable--electricity and hosting costs, which must be paid in fiat, remain constant, while the return--price of the mined BTC--is lower.
It's reasonable to assume that the price one can charge for hashpower will also be lower.
That is true, which is why a company like AM who has lots of already paid for, inexpensive [citation needed], in-hand [citation needed] hardware will do better than those who are hoping to sell pre-orders to fund their next round of NRE, chips, etc. The squeeze is on for all asic producers and miners and the ones in the best reputation and position to ride it out will be the ones left standing. I'm not disputing that the best ASIC manufacturers will be the ones left standing, merely that *ALL* ASIC manufacturers will suffer from lower BTC exchange rate. This should be obvious. Well, thanks for pointing out the obvious then. I'm merely claiming that AM is well positioned for this environment. Why are citations needed? It's easy to know that AM has the hardware in hand and the price is very competitive. |
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BTC0.34  No comments on this? btc/usd tanked And Bitcoin investors don't quite grasp that the value of Bitcoin ASICs depends on said bitcoins having value. Bitcoin/USD exchange rate being down helps us as AM investors. FC has already paid for the materials to build our mine (fairly safe assumption), he is going to be able to bring online a static amount of hash-power. Lower btc/usd value means less new entrants into the mining ecosystem, less investment from current participants and generally slower network growth. Lower btc/usd value means that we will be able to hold a larger % of the network for longer increasing our BTC dividends. (which is what I care about at this stage) As someone who has no interest in selling BTC for a long while, this is all positive in my eyes. This is predicated on other players not having sunk money into their product--an unjustified assumption. Lower BTC/USD price makes mining less profitable--electricity and hosting costs, which must be paid in fiat, remain constant, while the return--price of the mined BTC--is lower. It's reasonable to assume that the price one can charge for hashpower will also be lower. That is true, which is why a company like AM who has lots of already paid for, inexpensive, in-hand hardware will do better than those who are hoping to sell pre-orders to fund their next round of NRE, chips, etc. The squeeze is on for all asic producers and miners and the ones in the best reputation and position to ride it out will be the ones left standing. |
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For those of you who are donating hash power, I recommend setting up our BitMinter account as a backup. Here are the details:
server: stratum+tcp://mint.bitminter.com:3333
username: OgNasty_1
Nice, good to have a backup pool for next time. You still think BFL will ship? No way.
I'm confident BFL will ship a product, or provide meaningful compensation, or both. They are already providing us with cloudmining. Compared to Black Arrow, Butterfly Labs is the bees knees. I will reserve judgement until I get the product I paid for and can evaluate it. Any other response would be motivated by fear. We have been working on a way to make everyone happy and I think we have come up with a pretty good plan. We are finalizing the details this week, so I should have at least preliminaries details for everyone in the next few days hopefully. As a former miner, I would be happy with the plan. I realize it may not satisfy everyone, but I think it will go a long way to making everyone comfortable with their purchase and address the above issue(s) as well. They'll most likely deliver and the chips will be among the most efficient available for a while to come. It's time get those monarchs hashing away! |
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BTC-E almost above Huobi! Edit: maybe just due to people switching from LTC to BTC Good night little chicken! What's going on with litecoin? HAVE YOU TROLLED THEM?! I sadly lost the 2FA for my BTC-e LTC troll account named "LTCvictim" Therefore i am not guilty. Oh if LTC should die and all that money goes back into BTC we could probably reach a new ATH, even without the COIN ETF! Die chicken die! Good point. Once people find out en masse that altcoins are all shit and you can't go back to the super early adopter phase of bitcoin there will be a large move back to btc. The ones who realise it first will profit the most. |
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World War III is on a table. If Russia will be involved - China next - most ppl will die. US and especially EU will regret they provoked russians. Whatever came into your head - don't touch russians. Everyone who did it died hard.
Let's see how it would affect bitcoin price.
Lol, masterluc is some badass russian gangsta "Please allow me to introduce myself, I'm a man of wealth and taste..." |
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 the price rises from yesterday (still lower than a couple days ago) and everyone is in moon mode again. This place cracks me up. Volatility gets people excited. It's excitement that draws most people to the whole bitcoin thing. Even people like Jorge can't look away. |
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ASICminer is a long range investment. The salon's main theme is "mining in the age of exahash", which we have not reached yet but will very soon. I like this sort of forward thinking. If FC was running around trying to mine all the coins at present network rates he would be playing a loser's game. Seems like he is already making moves to stay afloat in an exponentially growing network (franchising, R&D on newer better chips, open sourcing, community building amongst miners) Solo mining is very lovely to give ADD shareholders something to fixate on, but long term success requires more focus on innovative approach. It is more or less a given (and known for quite some time already) that the future of mining belongs to giant industrial operations. If FC has plans to move on that market, which I believe he very much has, we are in a great position. Bring on the salon, I hope there are many fluent chinese/english speakers ready to relay all that goes on there. I think we will hear some bold new strategies to take us into the age of exahash as leaders of the game!
yes, I hold shares in ASICminer, and yes I'm cheerleading. Go team!
Nice.  |
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So we will receive shares of Alpha Technologies. Cool, It'd be nice to see that work out better than other pre-order scenarios have in some cases. I didn't catch the new date shipping batch 1 was estimated for?
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Update
1. Due to the relatively lower interest from individual miners as well as OEM producers, the self mining has re-started from middle of July. We had gain access of cheap electricity and high power capacity. We hope to regain the average hashrate percentage similar to 2013 with this generation of chips.
2. The price rockminer gets is not the sales price. It's the premium of franchising. We gain the part of profits after the devices begin to generate revenue like the franchising of devices. The sales price of chips stay a relatively high margin because our option of building our own devices and sell/deploy is always wide open.
3. We announce the sales of our own devices. We would arrange an offline meeting in Shenzhen first to share more information. We will post the English version of it on the meetup sub-board.
Average hashrate percentage peaked at over 30% of total network in 2013. If that can be achieved again...lookout. |
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So now that the difficulty was going flat AM comes to screw things for all miners. Great!
Don't stress, you could always sell your current hardware and buy asicminer shares |
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Thats right, FC going public is great news. Nothing to hide after all.. AM is just getting started.  Or they are finished and broke. There would be no reason to in that case. An anonymous person doesn't need to go public to admit defeat. Only positive news can come from this. How many idiots just sold over the last few days. Was it you? |
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Just switched to 9334. Sorry for the late switch but I will report any problems if they occur.
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If a producer of food were to not adhere to food safety rules then consumers could potentially die. This would likely result in the producer going out of business. With regulations this could be prevented.
The regulations and regulators must be paid for with taxes
It is a shame that people pay the taxes because that DOES support regulation and that DOES prevent it from happening. As a result more people are alive (which is good), but there are loads of food producers that don't create healthy food and are slowly killing everyone (which is bad, and outweighs the good of those few still being alive by several magnitudes). If we stopped supporting the regulation, we could get rid of the bad actors because they would no longer be protected from their small, agile, and often healthier competitors. Free the market, and you end up improving the world. Regulate it, and you make it more fragile. Speaking of which, I just read and enjoyed Nassim Tableb's "Antifragile: Things That Gain From Disorder." I recommend it!
A lot of people (who don't pay/file taxes) make this argument. If you don't believe in paying taxes then how would food safety be paid for, or how would national defense be paid for?
Food safety is the responsible of both consumer and producer. And national defense alone don't cost 30%+ income from everyone in the country. If a producer of food were to not adhere to food safety rules then consumers could potentially die. This would likely result in the producer going out of business. With regulations this could be prevented. The regulations and regulators must be paid for with taxes Food safety rules and regulations are written to support big commercial farms and in turn target and burden family farmers especially regarding sustainable and organic farming, and thus reduce the availability of fresh, local food in our communities. The over-regulate rules cost farmers their profits and keep beginners from starting to farm. Music to my hears The vast majority of regulations are unnecessary, contre productive and/or implemented because of corruption or for an other bad reason; the more regulation you have the more difficult it is for the small companies and the newcomers that is why most big corporations love regulation and big government 2012 Food Poisoning Statistics (National) Salmonella poisoning is the most common type of food poisoning. It causes 40 percent of food poisoning cases. There were 7,800 reported cases of Salmonella poisoning in 2012, with 33 deaths. Campylobacter, a type of bacteria that is spread through chicken and unpasteurized milk and cheese, is becoming more common. In 2012, 7,000 people were sickened by Campylobacter, and another six died. Vibrio infections – caused by contaminated seafood spread via warm sea water – have increased 43 percent. In 2012, there were 193 cases of Vibrio infections and six deaths. Approximately one in six Americans (48 million people) is sickened by foodborne illnesses every year, and about 3,000 die. Roughly 128,000 people are hospitalized annually for foodborne illnesses. |
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