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701  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: June 18, 2013, 04:09:31 PM
I think everyone here, do not start panic selling, in case both assumptions are not pessimistic.

correction: do start panic selling, Im waiting @ the bottom for your sell orders.
Yes...I should change it , everyone start panic selling right now...I am waiting @ the bottom...

702  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: June 18, 2013, 03:56:23 PM

The most reasonable reason regard to this instantly drop of hashpower ,is Friedcat might sold half of its blades to a private buyers who will pay him directly by cash, if so ,then we will received a highest dividend ever...and another assumption is he operating his farm in different location, and one of this location had some work like network upgrade or electricity shock off, In China , especially in summer time , the electricity supply is often stop work due to the hot weather, everybody uses of air conditioner caused huge  pressure on the electricity supply network, then the government will cut electricity supply to some industrial district.
 Personally,I believe the assumption of pending electricity supply is most believable, because I saw the news reported China is currently suffered extremely hot weather, some areas hit record high  Celsius above 40. We know that ASICMINER is a company operating in Shenzhen China, and Shenzhen is  in southern side China, which is warmest place over China.

I think everyone here, do not start panic selling, in case both assumptions are not pessimistic.
703  Economy / Securities / Re: PAJKA.BOND and DMS.MINING comparison on: June 18, 2013, 03:33:33 PM
PAJKA.BOND and DMS.MINING comparison:

PAJKA.BOND, current ask price 0.07794:
3 MH/s ~ 0.02598 per MH/s
15 MH/s ~ 0.00519 per MH/s

DMS.MINING, current ask price 0.01975:
5 MH/s ~ 0.00395 per MH/s

PAJKA.BOND for 0.06:
15 MH/s ~ 0.004 per MH/s => still more expensive than DMS.MINING.

Useful news, go get some DMS.MINING NOW
704  Economy / Securities / Re: [BitFunder] Diablo Mining Company [shifting gears] on: June 15, 2013, 08:53:54 PM
277 shares of DMC traded for 26 AM, AM valuation at 2.48 BTC.

AM paid two weeks dividend already, so how about DMC? are we get pay monthly dividend?
705  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: June 14, 2013, 05:06:55 PM
I hope the facilties are being taken care of by a good security team. Not to be a tinfoilhatter but the more success you have, the more enemies you make. Certain people would be very happy now if the AsicMiner hashing farm were to *accidentally* blow up.


This is not a bad question. In my head the two ASICMINERs datacenters are patrolled by PLA super-troopers, but we really have no idea. Obviously the team behind ASICMINER is more than component, so I'm sure they have thought long and hard about security, and have solid ways of protecing wallets. If everything were operating from a typical office/ datacenter, a bunch of guys with guns could take it over and steal the coins the day before dividends are sent... it would be a not-too-small fortune. At this point I am so impressed with and confident in ASICMINER/Bitfountain/friedcat, I'm sure that they they have a setup/plan for the wallets so that even the Triads have no chance of getting the jump on them.
I nominate a query regarding physical security of the current mining datacenters for the next shareholder question poll.

China does not allow people to owns a gun, mate you hypothesis only working on USA..of course there are still a possibility to getting a gun, but in fact, I think Friedcat does very well on security, so far, I did not see anyone knows who is friedcat ....I also think that people will buy a gun to do a robing may not understand what is bitcoin...
706  Economy / Speculation / Re: Coming ASICs device will further increase the price of BTC. on: June 13, 2013, 03:56:50 PM
Sure, ASIC miners will have to maintain scarcity and keep that 3600/day faucet as blocked as possible in the event that price starts going below their comfort zone. The question is how much of daily sell-side volume do miners contribute?

Quote
If no government intervention in the future, we should expecting another BTC price increase ,


I respectfully disagree that this depends on no government intervention. If killing bitcoin were as easy as hurling AML regs at legacy exchanges, FinCEN and other authorities would have done it a long time ago. As we see in countless cases, government regulation for a good/service that is in demand will actually increase prices. You can't fight economic laws. The oft-made argument that reduction in supply of bitcoins (achieved via regulation) would automatically reduce demand is a very weak one as similar situation has not materialized in the case of illegal drugs, alcohol during prohibition, BitTorrent filesharing, US Dollars in Argentina, etc. Think of your own examples. Bitcoin is an extremely useful technology and that will not change. So long as the protocol remains healthy, it will be a tool to fight the corrupt Banksters.
Yes, you are right , it also depend on how much of daily sell-side volume do miners contribute, the question is if price below their comfort zone, they will buying BTC instead of mining, thus I think this ask wall will be eat by the market very quickly . I think most people invested in BTC will not likely to see their money destroy by crash of BTC price .

Quote
If no government intervention in the future, we should expecting another BTC price increase ,

I should change it , i means if not any government related bad news in the future , we should see a price increase because ASICs devices.
707  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: June 13, 2013, 03:38:48 PM
Thank friedcat for what he did for the community and his super business ASICMINER.
708  Economy / Speculation / Coming ASICs device will further increase the price of BTC. on: June 13, 2013, 03:19:02 PM
The reason is simple:
                ASIC devices are only use for BTC mining purpose , they will depreciate its value over the time and with no residual value, not like GPU miners they can sell its graphic card if mining is not attractive for them. this equal to set a exit barrier for those new ASIC miners. the only things for them to recovery their investment is to maintains BTC price at acceptable level by act rationally when BTC price is under their expect profit range ,( limiting their supply to the market), util the market adjust price level at what they expected.
                I think BTC price are determine by factors below:
                legal factors.
                mining investment.
                people's trust.
Since ,the development of ASIC we will see a more stabilize price ever.  People never stop investing in BTC, this is the truth so far, KNC pre-order sold 8562 units. no matter what the currency they used to pay, we should assume all those cost paid to KNC will as a indirect investment  into the BTC world, thus the ASIC mining will further increase the price of BTC. further more , not only KNC, there are BFL ,ASICMINER and so on. payments made to mining rigs manufactures are far more than what we thought , may be  more than the money paid to the online exchange.

               If no government intervention or other related bad news in the future, we should expecting another BTC price increase ,because of those ASIC devices are start mining . That increase is coping to the market trend and based on people's rationality , if anyone ask me , what the BTC price are backed ? I will say that BTC price is backed by every currency investing into mining and those payments made to its reflect cost.  

              PS: The rights to issue money should not below to government , it should below to its users which are people.  
 
 Welcome to debate with me , if you feel that assumptions above are not rational and are false.              

 


 
709  Economy / Speculation / Re: I have seen the light on: June 13, 2013, 02:51:05 PM
Being rare and useful gives something value.

That's a given, though how much?  And how much of that value is convention & faith?

That depends on the usefulness and the rarity.

That is however not the question here. The above clearly shows 'backing' is unnecessary. Bitcoin backs itself.

Are you saying Bitcoin's value is due to its rarity & usefulness?  In that case, i'll release Bitcoin V2.0 -- identical to Bitcoin in every respect, but with just half the coins.  Cheesy

Backed by funds invested in mining rig and payment for the electric.  As ASIC mining rigs are only build for BTC mining, those devices have not residual value, so I assume here that people pay cash for those devices are equal to cash flow into BTC world, look today more and more people joint to mining business, because the attraction of profitability. Therefore more and more cash are indirectly investing into BTC...if we assume that miner are rational they will only sells their BTC for profit...then ,the value of BTC will be secure by their rationality.


 



710  Economy / Securities / Re: [BTCT.CO] PAJKA.BOND - 100% PPS 3Mhash mining bond - with free ASIC upgrade on: June 13, 2013, 01:57:02 PM
Now that SOSLover has promised to not crap anymore on this thread, I'm certain we can get back to more cool-headed debate. I'm sure we can trust him in that he won't be back now that he's realized the losses from his panic.

To anyone who may have read SOSLover's claims about PMBs like PAJKA being scams, I've written an article to elaborate more on the topic:

http://coin.furuknap.net/are-perpetual-mining-bonds-scams-not-really/

The conclusion is simple; No, PMBs are not scams. They fall in value during rapid difficulty rises, but so does any mining and I'm fairly certain you won't hear any rational mind claim that mining is a scam for that reason.

I'm also contemplating writing an article or maybe an app that will show the numbers on PMBs currently for sale. At the moment, with the exception of 100th, PAJKA upgraded is the best performing PMB on the market, beating TAT.VM by almost 30%. Because that upgrade is free, the question becomes whether the performance of currently higher-performing PMBs is enough to cover the difference until PAJKA upgrades.

In my opinion, BFL is now ever closer to full shipping. They have just started shipping the Singles and have, reportedly, shipped all Jalapenos ordered before August 22, 2012, which is likely a large portion of the pre-boom Jala orders (https://forums.butterflylabs.com/blogs/bfl_jody/191-wednesday-june-12-shipping-update.html).

In short, I see PAJKA as one of the most promising PMBs right now.

.b
For your information, All my prediction has become true..the last 24 hours trading volume for PAJKA bond is only 0.6 BTC...I was told you before once TAT.V hit the market, this will cause less new investors for PAJKA BOND.

And another bad news for you , I sold out all my PAJKA contracts ,and buying AM... I have nearly recovery all loss from PAJKA BOND..
I bought AM at 2.35 when BTC price was drop last week...people panic selling their AM shares . and today's AM price is near 2.6 BTC.

You really should stop posting like a salesman.. I Do not think because you owns a cheap copy website ,then reflect that you are a professional investor. you are a ugly salesman who want to sale its defect products to innocent people...sorry not me !!!but I just sick of you ,this why I will continues posting here, as long as no innocent people will be hurt by your  false language.
711  Economy / Securities / Re: [BTCT.CO] PAJKA.BOND - 100% PPS 3Mhash mining bond - with free ASIC upgrade on: June 13, 2013, 01:45:07 PM
Now that SOSLover has promised to not crap anymore on this thread, I'm certain we can get back to more cool-headed debate. I'm sure we can trust him in that he won't be back now that he's realized the losses from his panic.

To anyone who may have read SOSLover's claims about PMBs like PAJKA being scams, I've written an article to elaborate more on the topic:

http://coin.furuknap.net/are-perpetual-mining-bonds-scams-not-really/

The conclusion is simple; No, PMBs are not scams. They fall in value during rapid difficulty rises, but so does any mining and I'm fairly certain you won't hear any rational mind claim that mining is a scam for that reason.

I'm also contemplating writing an article or maybe an app that will show the numbers on PMBs currently for sale. At the moment, with the exception of 100th, PAJKA upgraded is the best performing PMB on the market, beating TAT.VM by almost 30%. Because that upgrade is free, the question becomes whether the performance of currently higher-performing PMBs is enough to cover the difference until PAJKA upgrades.

In my opinion, BFL is now ever closer to full shipping. They have just started shipping the Singles and have, reportedly, shipped all Jalapenos ordered before August 22, 2012, which is likely a large portion of the pre-boom Jala orders (https://forums.butterflylabs.com/blogs/bfl_jody/191-wednesday-june-12-shipping-update.html).

In short, I see PAJKA as one of the most promising PMBs right now.

.b

I am not claiming that PMS is a SCAM!!! I am claiming that all PMBs is not a wise investment !!!!

Furuknap..I feel you are like a salesman for PAJKA BOND...You only describe how good is PMB ,but never ever gives any evidence to support your argument. and further more, you are continues mentioned me, what you really want?


I think anyone who wish to buying PAJKA bond contracts, they will calculate by their self...stop posting like a salesman~ it does not help make a bad investment become a good investment.. As all network difficulty has rise to 160T by today...and only a week another 20T increase ,even we all know BFL isn't really full ship their orders and other ASIC projects still under R&D.People know how to detecting the facts..

Please do not acting like a salesman ,this really makes me sick!!
712  Economy / Securities / Re: [BTCT.CO] PAJKA.BOND - 100% PPS 3Mhash mining bond - with free ASIC upgrade on: June 13, 2013, 01:40:51 PM
Now that SOSLover has promised to not crap anymore on this thread, I'm certain we can get back to more cool-headed debate. I'm sure we can trust him in that he won't be back now that he's realized the losses from his panic.

To anyone who may have read SOSLover's claims about PMBs like PAJKA being scams, I've written an article to elaborate more on the topic:

http://coin.furuknap.net/are-perpetual-mining-bonds-scams-not-really/

The conclusion is simple; No, PMBs are not scams. They fall in value during rapid difficulty rises, but so does any mining and I'm fairly certain you won't hear any rational mind claim that mining is a scam for that reason.

I'm also contemplating writing an article or maybe an app that will show the numbers on PMBs currently for sale. At the moment, with the exception of 100th, PAJKA upgraded is the best performing PMB on the market, beating TAT.VM by almost 30%. Because that upgrade is free, the question becomes whether the performance of currently higher-performing PMBs is enough to cover the difference until PAJKA upgrades.

In my opinion, BFL is now ever closer to full shipping. They have just started shipping the Singles and have, reportedly, shipped all Jalapenos ordered before August 22, 2012, which is likely a large portion of the pre-boom Jala orders (https://forums.butterflylabs.com/blogs/bfl_jody/191-wednesday-june-12-shipping-update.html).

In short, I see PAJKA as one of the most promising PMBs right now.

.b

I am not claiming that PMS is a SCAM!!! I am claiming that all PMBs is not a wise investment !!!!

Furuknap..I feel you are like a salesman for PAJKA BOND...You only describe how good is PMB ,but never ever gives any evidence to support your argument. and further more, you are continues mentioned me, what you really want?

713  Economy / Securities / Re: [BTCT.CO] PAJKA.BOND - 100% PPS 3Mhash mining bond - with free ASIC upgrade on: June 11, 2013, 05:13:26 PM
Anyone know the ETA on the ASIC upgrade or other details like when it was ordered?

BFL ships in two weeks. The rest you can find by reading this thread, which is the absolute least you should do before investing anything :-)

.b

Evidence to support that BFL will ships in two weeks???
714  Economy / Collectibles / Re: Now Here: Casascius 1000 BTC Fine Gold Coin on: June 10, 2013, 02:58:42 PM
This coin is world highest face-value currency...

715  Economy / Securities / Re: [BTCT.CO] PAJKA.BOND - 100% PPS 3Mhash mining bond - with free ASIC upgrade on: June 10, 2013, 02:51:08 PM
SOSLOVE, can you stop posting in this topic please. You've sold your bonds, so stop the spam. We all can read ourselves about TAT and ASICminer, but it is irrelevant to this bond. Thanks.
Sure...good luck....
716  Economy / Securities / Re: [BTCT.CO] PAJKA.BOND - 100% PPS 3Mhash mining bond - with free ASIC upgrade on: June 10, 2013, 01:36:23 PM

Please make sure you read and understand the contract as well as the asset type before you invest.

.b

It just seems that historically, xkrikl has upgraded the bonds for free. I'm asking if this trend will continue.
TAT.ASICMINER : Update from ASICMINER, 100TH on the Way, Hardware Sales Strong
Posted: 2013-06-08 00:27:16 - Written by TATInvestments
 ( Click to Hide ) 

Update from ASICMINER:

The wafer of the first half (100TH/s) of next batch of 200TH is coming from the fab.

More than 4,000 USB mining devices have been sold.

The demand for Block Erupter mining blades is surprisingly long-lasting and still high.

Written by: TATInvestments

717  Economy / Securities / Re: [BTCT.CO] PAJKA.BOND - 100% PPS 3Mhash mining bond - with free ASIC upgrade on: June 10, 2013, 01:31:15 PM

Please make sure you read and understand the contract as well as the asset type before you invest.

.b

It just seems that historically, xkrikl has upgraded the bonds for free. I'm asking if this trend will continue.
No,upgrade ,if BFL not delivery, Even that AM going to 100TH, before BFL shipment, that PAJKA still 3M bond...

Another assumption here, if you do not have personal contact with the issuer, you would no way to confirm whether issuer received the shipment or not...he could mining for him self for couple of months ,then release out the information that BFL has delivered his order...
718  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: June 09, 2013, 01:29:10 PM
Another way of looking at it is the blades are a lot cheaper now as measured in $ so perhaps sales will actually go up?
They are priced in BTC, they produce BTC, the BTCUSD rate is irrelevant here.


No, if you are long on btc it's clearly a bargain.
No, that's exactly like just buying BTC and not spending them.

If you spend them for another BTC-producing asset is irrelevant relative to BTCUSD.


I accept your argument that the btc:usd rate doesn't affect return. However, the cost of entry to the product has lowered, making it affordable to more people. I would expect that to drive sales up.



Imagine the corollary. If btc:usd went up to $1000, a blade would now cost $49,990 cash price. How many do you think AM will sell per week at those prices?

No affect on the demand of BLADE...as long as the return of BLADE maintaining the same level.
only things will affect is who buys the BLADE ,and  how to buy the BLADE.
if a BLADE cost $49990 ,its return remains the same, then its potential buyers will switch to rich one ,or group buy.
719  Economy / Speculation / Re: We going back to $30 on: June 09, 2013, 01:04:34 PM
attractive if you didnt buy a chunk load above 100 that is.
I bought all coin at average of $140.....and can't able to send more FUD at this moment to exchange~~
720  Economy / Speculation / Re: We going back to $30 on: June 09, 2013, 01:01:18 PM
no impossible

this could be 2011 all over again.







A coin below $5 is really attractive to me~~~
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