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Why would anyone want to preorder an SP35 for end of November delivery when Spondoolies is expecting to release their gen3 in December at 0.1 w/gh + $0.2/gh? (and no preorders)
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I do lump all the asic manufacturers together because they have all done exactly what I said. Your heroes, Asicminer, are one of the worst offenders because they mine themselves and by proxy whilst telling their customers that they want everyone to have a chance to participate in mining. What they actually want is the chumps to keep financing their mining activities by believing that they will make some money from their purchase.
You do realize that Asicminer was publicly funded and built their farm using those funds right? There's NEVER been one asic manufacturers who has said "thanks for your order, we will do everything we can to keep you as a customer and help you to make money. We'll make sure you get more hashing power when you need it, not when we decide we'll give you some more". Completely wrong. Asicminer, Bitfury, Bitmain, Spondoolies-tech, Rockminer, and BTCGarden all operate without BS, have great customer service, and adequately compensate customers for any delays/underperformance. |
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The same way Spoondoolies don't know yet. Except Friedcat is honest, and is telling you he doesn't know, and providing the best estimates he can.
Fair enough, but fact remains that BF and SP are aiming at 2-3x better power efficiency (and ~3 months earlier time to market). Whether they can pull it off, time will tell, but that goes for AM as well. Let me get this straight, Bitfurys estimate of 0.2 w/gh is 2-3 times better than AM's estimate of 0.22 w/gh? And where did you hear Spondoolies was aiming for 0.1w/gh this year? (not that it matters as they miss more targets than AM) I'd also love to know how you know that SPtech and Bitfury will have hardware 3 months earlier when taping out 1 month later than AM. |
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obviously false information .
Please stop your lies on my thread unless you have evidence
jimmothy you have been reported
why do you attack me with no evidence just a link to some scammer thread .
It looks like marijuanaman was scammed by someone months ago if i read correct on a locked thread ?
I do not understand
You don't think the mods are as retarded as you right? Here's some proof, when you redirected your site to your new scam you forgot to remove the old scam from your server: http://btcminers.net/shop/ |
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Exciting to see this new contract!
Can I ask why ASICMINER doesn't just point all of the power at existing shareholders? Why launch ANOTHER company? What benefit does this have to actual ASICMINER shareholders?
They are basically selling 5PH worth of hardware without having to ship it. Why do you think every other manufacturer has launched their own cloudmining services? |
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 Anyone know what these are? Giant miners? |
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hey, Guy, congrats on the $5 mil funding round. Pretty impressive.
Such good news! Congrats! I am glad to be part of the elite 20%  You mean the 20% that Spondoolies is not giving massively discounted bulk rates to? Being part of the group getting ripped off is normally not something to be proud about. |
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"Our goal is to get to 0.05 W/GHs, 0.03 $/GHs miners by mid 2015 and power more than 30% of the bitcoin network," Corem explained, adding that he believes these unrealistically optimistic figures will help the company intimidate its rival firms in the US and China. FTFY I wish you guys luck designing an ASIC to end all ASIC wars. Anyways good job raising the $5m. Hopefully this means you wont need to take preorders any longer right? |
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Icebreaker is it true you were Hashfast_CL?
I don't think anybody working for HF was quite as detrimental to their reputation/success as Hashfast_CL was. His incredibly obnoxious trolling made absolutely everyone in the community turn against HF sort of like Icebreaker today.
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So the AMHash shares will only ever make a profit if difficulty increments stay below ~5%. And, even if they do, the profit will be minimal compared to the cost and only achieved after 6+ months.
I'd love to know where you keep getting info that nobody could possibly know. Is it astrology? Dude, it's basic math. Run it through one of the bitcoin mining calculators if you want to check for yourself. As anyone who has mined knows, calculators are absolutely terrible at predicting ROI. Historically the best priced hardware has always been able to ROI regardless of how many people "proved" it couldn't using calculators. Assuming you are using a calculator that isn't just wrong in the math it does, the only uncertainty that comes in is from the "difficulty increment" parameter, which is a statement about the future and obviously cannot be predicted accurately. However, you can control it in the calculator and try different values. That's why I said they will only ROI with difficulty increments less than about 5%. If you don't understand that... I don't disagree that difficulty must remain low for these (and any other miner) to ROI but you cannot calculate ROI with a calculator. For example if the next 3 difficulty changes were each 0% and the 4th was 20% that would equal 5% average yet yeild much more than if it had been 20% for the first change and 0% for the next 3. |
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So the AMHash shares will only ever make a profit if difficulty increments stay below ~5%. And, even if they do, the profit will be minimal compared to the cost and only achieved after 6+ months.
I'd love to know where you keep getting info that nobody could possibly know. Is it astrology? Dude, it's basic math. Run it through one of the bitcoin mining calculators if you want to check for yourself. As anyone who has mined knows, calculators are absolutely terrible at predicting ROI. Historically the best priced hardware has always been able to ROI regardless of how many people "proved" it couldn't using calculators. |
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So the AMHash shares will only ever make a profit if difficulty increments stay below ~5%. And, even if they do, the profit will be minimal compared to the cost and only achieved after 6+ months.
I'd love to know where you keep getting info that nobody could possibly know. Is it astrology? |
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Here's why I think BTC is doomed to failure as a widely accepted payment type.
No one buys BTC on an exchange just to use them to make purchases other than for mining hardware. They will most likely just use a credit card for online or retail purchases. So where is the demand for BTC going to come from and how does it get to the next level of adoption if home mining is dead?
I've mined a significant amount of BTC over the course of 18 months. But I've also actually exchanged many of them to purchase new mining gear, pay bills and make other online purchase. But when I'm done mining, why would I continue to buy BTC on an exchange to use to make purchase at NewEgg, TigerDirect, etc. when it's much more convenient to just use a credit card? Where does the increasing demand for bitcoin come from if not from common people?
Yes, many people speculate on BTC and buy them on exchanges. But I don't think it's likely that these people actually will ever do anything with them other than selling them back to exchanges when/if they reach their target price.
So where does this legitimate popular demand for BTC come from? I just don't see widespread adoption coming anytime soon if home mining isn't available to the masses. Am I missing something obvious?
There are a million things you can do with bitcoin other than purchasing goods. Without consumer protection and exchange rate stability BTC will never be as useful as fiat for purchasing goods. People need to stop pretending it's only a currency and see it as an asset like gold and a secure+decentralized ledger. Did gold become worthless when it transitioned form average joes panning for gold to more efficient massive scale operations? Or when people stopped using it to purchase goods? |
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I'm reading this and I don"t understand it at all. It's 1633$/day/5PH maintenance fee?
Or 1.633$/day/GH?
First looks like 10 times lower than competition, second doesn't make sense at all.
Yup, it's 1.633$/day/GH. It's admittedly a bit confusing, but here dots are used as a decimal mark, like in the US. No it's $1.63/TH/s daily. (website is a bit misleading) The Havelock overview clarifies it: The fee is 1.89*10^(-8) USD per unit per second. Which equals $0.001633/day/GH/s |
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And also, I've posted these damn addresses so many times now that I can't understand how the stock still trades at levels below below AM's on-hand cash per share:
There is no communication from AM. There are lots of addresses out there that have money. That doesn't mean they are gonna send that money to you. There is no reason to believe friedcat has any intention of ever paying any dividend again. This is the BTC world, and you can take your money and run and get away with it. And even if he did this, there would still be tons of fanboys in this very thread defending him based on the fact that he "already paid shareholders back their IPO price many times over" or some such nonsense. AM could have all the hash rate in the world but if they have no intention of honoring the shares and paying out dividends, then the shares are worth nothing. All that even ignores the fact that the addresses you link to aren't even actually known to belong to AM; it is purely speculation. And for your other points: In addition to the cash value, there's also stocked inventory, what probably amounts to an unholy sum of fiat in RMB and USD, 3 proprietary chip designs (4 if we'd ever count gen2 for any reason), and (though admittedly dwindling) a surplus of goodwill generated primarily from pulling IPO investors past ROI. I also wouldn't be surprised if gen4 manufacturing was already contracted out and a fiat deposit submitted.
- How much "stocked inventory"? What is it worth? Is anyone buying it? No one knows. No communication. - How much fiat? Any? Maybe none? Maybe just giant outstanding liabilities and nothing to pay them with? No one knows. No communication. - 3 proprietary chip designs? One is no longer at all relevant. One is barely good enough to sell barely at cost. And one is nothing but a rumor based on a single post, like false promises about "PR". Is gen 4 real? No one knows. No communication. - Good will? The only people with good will left towards AM are a few fanboys. Why is the good will dwindling? No communication. Frankly, AM has shown little but contempt for the shareholders with their complete lack of communication. The shares have lost 98% of their value from their peak and the remaining 2% is propped up by nothing but empty faith and denial by a couple fanboys. If you have to ask why the shares are worth nothing, realize that this company has: - no communication - no dividends - no credibility The only thing remotely true about your post is the fact that AM is completely lacking communication. (which I agree is unacceptable but it doesn't make them scammers ) There's nobody here who would defend FC/AM if they decided to start scamming. They have a very competitive chip (possibly the best) and 60PH completely paid for. That's at least ~$10m in assets. Overall I'd rate the FUD 4/10. |
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I won't even bother. If you think that making a chip that is on par with something 9 months old is an accomplishment then it's useless to continue this discussion.
It is actually quite the achievement when that chip has been the reigning champ for 9 months. Selling the best priced hardware (by a large margin) 7 months after it first tested is a testament to how well AM's chip is designed. They sell because they are low price...not because they are great chips. Isn't a low price + good efficiency the definition of a good chip? AM sells for the cheapest so people buy. I assume there margins are not great at the prices they sell for.
I'm sure you would have said the same thing about the AM tube which was ~10% more expensive per chip compared to the Prisma. People (mostly Roadstress) assumed AM was selling chips at a loss until FC clarified the profit margins will remain high. Didn't FriedCat say AM was negative cash wise?
No he said the opposite. At the time of the last financial update AM had completely paid for 60PH worth of chips and since then they've sold a bunch of chips/hardware as well as began self mining. |
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I won't even bother. If you think that making a chip that is on par with something 9 months old is an accomplishment then it's useless to continue this discussion.
It is actually quite the achievement when that chip has been the reigning champ for 9 months. Selling the best priced hardware (by a large margin) 7 months after it first tested is a testament to how well AM's chip is designed. |
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Just because it was made 9 months later means it's somehow an inferior chip?
AM's chip basically what I'd expect a Bitfury 40nm chip to be like. (had they not scrapped it)
This is bitcoin world. 9 months is almost like 5 years. I wouldn't brag with that "on par" chip after 9 months. Maybe in May AM will produce a chip with 0.5J/GH efficiency that is the standard since August. Please do tell which manufacturer is selling 0.5 J/gh hardware. It's on par with a Bitfury 40nm not 55nm. It is equally efficient yet half the price of their 55nm. |
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