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Bumpage, first hardware from this thread being negotiated now.
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12.5 btc
Its in the UK yoch |
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Is this thread still alive?
Yes |
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tldr in english? Just the top level details
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Troll logic isn't logic.
...
Any more crying and those avalons will short.
You are a goofy teenager trying to rip people off and then you throw temper tantrums when people show you real numbers. I would not do business with you. You have to be a teenager to be a teen, I am old. No one but you is throwing your toys about because you can't scam people into selling your hardware at 40% market value. Boohoo I'm allowing the free market to value hardware, I'm such a terrible person! Please save me! You don't need to worry about people doing business with you, at those prices even the scammers wouldn't LOL. Right, you have no numbers. You are hyping numbers from weeks ago when the difficulty was lower which the hopes of tricking people into overpaying. So the market value fell from 220 to 85 because of a 10% difficulty increase. All the other people currently selling units are also 250% overpriced aren't they. Keep QQing. |
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BFL ASICs ROI gets shaky with a $60 bitcoin at 1,500,000,000 difficulty ... but I guess there's Europeans with 50c per kilowatt/hour power bills.
I think you added a few too many zeros. http://www.coinish.com/calc/#BFL 50GH/s @ $2499 (straight from their product page) will never generate a return @ 80,000,000 difficulty, $94/BTC and 1.2788% growth rate. ASICMiner is looking at this same curve. Very soon it will not make sense for ASICMiner to deploy their own hardware. The BOM on the USBs is ~$4. Of course it will be. |
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Troll logic isn't logic.
...
Any more crying and those avalons will short.
You are a goofy teenager trying to rip people off and then you throw temper tantrums when people show you real numbers. I would not do business with you. You have to be a teenager to be a teen, I am old. No one but you is throwing your toys about because you can't scam people into selling your hardware at 40% market value. Boohoo I'm allowing the free market to value hardware, I'm such a terrible person! Please save me! You don't need to worry about people doing business with you, at those prices even the scammers wouldn't LOL. |
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I don't think Foxconn would ever deal with them, the worker suicide rate would be 500x higher.
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Yes, he issued 200k shares to the public, kept 200k shares for himself. He has since sold another 40k shares into the wild which generated him pure cash.
Yes, he and the other founders kept 200k shares as "sweat equity" and that was clearly stated in their contract. What difference does that make? And I don't believe he has sold another 40k shares, but then again, what difference does that make? There has been no dilution - the total number of shares has always been 400k. Look at the link I gave you http://www.asicminer.co/about.html163,962 are now owned by AM. So a further 36,038 were sold into the market to generate cash. |
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you don't run it faster becasue you will blow the stock PSU.....
this is some classic up selling!
At least I don't have to resort to advertising my auction in other's active auctions. Yes you do. You keep posting your annoying comments in my threads. Stop annoying me. Lol? I post in your WTB thread doing nothing but clarifying a post you made, so you dig up a 3 day old thread on the 3rd page to chase me saying "QQQ STOP POSTING IN MY THREAD". Welcome to the ignore list. You are a pest, please ignore me. I have thanks. Go back to trying to buy in hand Avalons for 88BTC because you think everyone else is ridiculous. Greedy much. Based on the current difficulty and projected difficulty, operating expenses (electrical lines, ventilation, etc.), and the fact that people are want refunds for batch 3 Avalons a reasonable market price for an in-hand Avalon is about 88 BTC. An. yes, people paying double that are ridiculous because they will never make their money back. I told you I was not going to overpay just people there are a bunch of people trying to create all this hype. However, you seem be angry at those facts and you went and started disrupting my thread. Damn, that market determined price is stupid. Ridiculous isn't it, this free economics. Maybe we should all be given a 1/50000 share of a tractor, a pitchfork and 3 potatoes. If you want to find some sucker to pay some over-hyped price that that is between you and them. However, I take exception If you start pestering me because I do not buy into your hype. I already have 3 units so if I wanted to take part in your scheme I would try to find some sucker to overpay too. The info on my units is at http://cointext.com/bitcoin-mining-profitability-an-example/ so anyone can see what a unit takes in and what it costs to run. So save your childish tantrums and goofball responses and show some numbers where an in-hand Avalon is worth more than 88 BTC given all the risks, hassles, and expenses of operating them over an extended period. I believe your car won't survive for more than another 100 miles. $1 per mile is fair. Let me buy your car for $100 or you are stupid. Troll logic isn't logic. Forgot you spamming QQ in one of my random threads is me pestering you though. Any more crying and those avalons will short. |
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They only competition they might have is from BFL.
If BFL starts selling/delivering chips (that are technologically better than anything out there), ASICMiner will have a hard time keeping up.
But they're not. Avalon/ASICMiner gen 1 are similar efficiencies. BFL is 50% more efficient on gen 1, but they cant even deploy a few TH after 12 months. ASICMiner gen 2 is here in a few weeks, BFL has no answer for that for a LONG time. |
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may be someone need to report to the authorities in China about this illegal thing, AM is doing or get someone to shut down or destroyed his mining farm is doable for sure. Does anyone has the IP Address, that can be track.?
Well that's going a bit far, probably best to just look from space at the giant glowing building  But in all seriousness, he's putting a massive target on his back for people who have alternate investments in deals we have no idea about, risking fortunes we can only dream about. People bothered to sabotage a few 66GH Avalon units, imagine what they'll conjure up for 200TH. If I were him I'd have kept my hash rate reasonable, my head down low and sold hardware. |
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How, we have no influence on him now. We let him issue 400,000 shares and value his company at $140m. We gave him $57m of capital, we bought $m's of hardware from him at a 95% markup, we [BFL] let him take such a large part of the network that no one can stop him.
We could raise $1b tomorrow and we wouldn't be able to catch him for 2 years, by which point the damage is done.
We lost the game, the greedy man ruined it for us all.
Actually, he issued 200,000 shares, which raised a little above $100K at the time (approximately one year ago). But the company has grown since then. I agree that BFL's delays have benefited ASICMINER, but that can hardly be blamed on ASICMINER. Yes, he issued 200k shares to the public, kept 200k shares for himself. He has since sold another 40k shares into the wild which generated him pure cash. http://www.asicminer.co/about.html |
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Time for someone to step up and defend ASICMINER here, I guess it will be me.
First of all, friedcat has been an outstandingly honest and upright member of this community for a long time, and the interests of ASICMINER are clearly aligned with most of this community. Greater network hash rate contributes to the security of Bitcoin and is good for all users - possibly with the exception of competing miners and hardware manufacturers. The transparency of their operation, such as signing each block they find, clearly demonstrates their good intentions.
Secondly, ASICMINER's pricing policy has been pertinent: ASICMINER has an obligation to maximize value for shareholders, and selling hardware below what the market is willing to pay does not achieve this. If they set a lower price point, they would only achieve being sold out quicker and the lucky few who managed to buy would simply sell their hardware on eBay at twice the price. That would hardly be a responsible way to run a company. ASICMINER has no obligation to sell hardware at charity prices so miners can net a big profit quickly - in that case they would be better off mining with their own hardware.
Thirdly, developing your own mining hardware and subsequently mining with it is not "evil". ASICMINER is a clever bunch, but they have used no unfair business tactics to achieve their current advantage and there is no reason any other sufficiently talented group of people could not compete on equal terms.
Fourthly, ASICMINER is clearly aware of the dangers of having too large share of the network hashing power and sell hardware in great enough quantities to avoid the possibility [although not at charity prices].
I have more points too, but that should be a start.
Disclaimer: I have a horse in this race, and I have a man-crush on friedcat and ASICMINER.
How does 1 person/company controlling the entire network secure the network? Even at 30-40%, if he wanted to he could cripple everything by forcing short lived forks. You seem to think he keeps 20% hash rate and sells the rest of the hardware. WRONG. He only ever sold hardware because he had difficulties powering and cooling such extreme amounts. He has sold what... 500 blades? 5TH. Look at May when he started selling. He had 20TH deployed, struggling for heat and power. Once sorted by the end of May, he has nearly 50TH and 35% of the market. Do you think he will stop there? Of course he won't - his previous estimates were to deploy 60TH by the end of July for that generation. And now his new generation, arriving in the next 7-14 days.... As he said himself, he's going to put 10-15x that amount down in the next 6 months. |
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Although I am highly invested in Asicminer Shares, it is a bit disconcerting that they will control so much power under one single entity.
Dude you should sell and get KNC instead. Nobody should be supporting these assholes. It would be a different story if they weren't mining with what they produce, but they are. We really need a sticky or something explaining how this will kill the small miner. It still isn't too late to apply the brakes to this if an information campaign is started. How, we have no influence on him now. We let him issue 400,000 shares and value his company at $140m. We gave him $57m of capital, we bought $m's of hardware from him at a 95% markup, we [BFL] let him take such a large part of the network that no one can stop him. We could raise $1b tomorrow and we wouldn't be able to catch him for 2 years, by which point the damage is done. We lost the game, the greedy man ruined it for us all. |
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you don't run it faster becasue you will blow the stock PSU.....
this is some classic up selling!
At least I don't have to resort to advertising my auction in other's active auctions. Yes you do. You keep posting your annoying comments in my threads. Stop annoying me. Lol? I post in your WTB thread doing nothing but clarifying a post you made, so you dig up a 3 day old thread on the 3rd page to chase me saying "QQQ STOP POSTING IN MY THREAD". Welcome to the ignore list. You are a pest, please ignore me. I have thanks. Go back to trying to buy in hand Avalons for 88BTC because you think everyone else is ridiculous. Greedy much. Based on the current difficulty and projected difficulty, operating expenses (electrical lines, ventilation, etc.), and the fact that people are want refunds for batch 3 Avalons a reasonable market price for an in-hand Avalon is about 88 BTC. An. yes, people paying double that are ridiculous because they will never make their money back. I told you I was not going to overpay just people there are a bunch of people trying to create all this hype. However, you seem be angry at those facts and you went and started disrupting my thread. Damn, that market determined price is stupid. Ridiculous isn't it, this free economics. Maybe we should all be given a 1/50000 share of a tractor, a pitchfork and 3 potatoes. |
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USB block eruptors are half that price per gigahash, might as well get lots of those instead...
-MarkM-
Wait... a 4k post Jan 2011 member just bumped a 3 month old thread calling the prices ridiculous? The fuck just happened... |
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you don't run it faster becasue you will blow the stock PSU.....
this is some classic up selling!
At least I don't have to resort to advertising my auction in other's active auctions. Yes you do. You keep posting your annoying comments in my threads. Stop annoying me. Lol? I post in your WTB thread doing nothing but clarifying a post you made, so you dig up a 3 day old thread on the 3rd page to chase me saying "QQQ STOP POSTING IN MY THREAD". Welcome to the ignore list. You are a pest, please ignore me. I have thanks. Go back to trying to buy in hand Avalons for 88BTC because you think everyone else is ridiculous. Greedy much. |
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Friedcat has destroyed the entire infrastructure, everything. There will be no more bitcoin as we know it.
Edit: I just thought of something... any of the major hacking groups which support bitcoin will now see him as the enemy. Everything he owns is now in someone's digital crosshair somewhere. Or some idiot's. Imagine the affect on the hash rate if that PB of hardware burnt down.
Greed comes before pride come before a fire.
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you don't run it faster becasue you will blow the stock PSU.....
this is some classic up selling!
At least I don't have to resort to advertising my auction in other's active auctions. Yes you do. You keep posting your annoying comments in my threads. Stop annoying me. Lol? I post in your WTB thread doing nothing but clarifying a post you made, so you dig up a 3 day old thread on the 3rd page to chase me saying "QQQ STOP POSTING IN MY THREAD". Welcome to the ignore list. |
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