|
1081
|
Economy / Securities / Re: [BTC-TC] Community Exchange w/ Options, DRIP, 2FA, API, CSV, etc.
|
on: June 14, 2013, 10:35:08 AM
|
Why is TAT.ASICMINER ordering frozen at the moment?
EDIT: I see at least some other people are successfully making orders, but the asset is frozen for me :/
Any error messages? I know we ran into the bitcoind performance wall again several times earlier today. I'm getting closer to being able to do trades without it, but not quite there yet. No error messages that I could see. I tried logging out and logging in, which allowed me to make 1 order and then froze again. I logged out/in a second time, but no luck that time. I also tried using another browser, no luck. It's cleared up totally now though. |
|
|
|
|
1084
|
Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
|
on: June 13, 2013, 11:21:04 PM
|
1. The mining hardware leader doesn't need to compete on technology, it needs to compete on value.
With technological gaps comes value, that's why there is a consensus that it is so critical to jump quickly and properly on gen2. That is still a matter of value nonetheless. If Product A costs 200% more, but Product B is only 20% less efficient, which do you choose? |
|
|
|
|
1085
|
Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
|
on: June 13, 2013, 11:02:17 PM
|
if I read that correctly anything on market will be outmatched (I assume that also includes BFL)
surely they will be much better than all available similar products in the market now.
Sorry to insist again, but in October the market will be different, and Friedcat never said that things at that time will be outmatched. I'm just sticking literaly to the exact wording, because I believe it can have its importance so don't misunderstand his statement. We're far from being sure to outmatch the market in October technologically, or in terms of price, or delivery, or whatever. Keep a few more things in mind: 1. The mining hardware leader doesn't need to compete on technology, it needs to compete on value. 2. Friedcat tends to underpromise and overdeliver. 3. AM likely has other products and tricks up its sleeve. 4. No one else has demonstrated a guarantee of best-in-class mining equipment being delivered before October. Some may have goals, but only time will tell. |
|
|
|
|
1087
|
Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
|
on: June 13, 2013, 08:41:11 PM
|
I think friedcat should keep 1-1,5% of direct shares amount he transfers from a user to another, and keep these money for the company. Passthroughs charge a fee, he should do the same, since he has to do that manually. This way the company will benefit more from an increase in share price.
They have ample reserves we asked that question a while back  I think he was talking about a "transfer fee" of 1-1.5% per transfer This could actually add MORE work to Friedcat if you think about it... it would also drive more shares to the exchanges. I think eventually all the shares except board seats will end up on the PTs anyway. |
|
|
|
|
1088
|
Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
|
on: June 13, 2013, 08:38:52 PM
|
Friedcat,
A team of us shareholders has taken the time to collect and simplify the most popular questions people have for you and ASICMINER. I am sending these questions to you at Jutarul's suggestion, and on behalf of all ASICMINER shareholders that took our poll.
I am only going to send 3 questions to you, in order to keep things simple, and to hopefully maintain this line of communication in the future. We understand that you might not be able to fully answer some things due to competition, but any amount of info will be plenty for us!
If you can take the time to answer, feel free to post your answers in your main ASICMINER thread, or respond to me directly and I will copy your answers verbatim.
Thank you so much for your consideration, here are the questions:
1. Can you tell us more about the next generation of ASIC chips? When should we expect them, and what specs might they achieve?
2. Does ASICMINER/Bitfountain have any legal risks by doing business in China? Are cryptocurrencies or mining of virtual currencies allowed there?
3. What contingency plan do you have in place if Friedcat or other important employees become seriously ill or otherwise unavailable as a resource to ASICMINER? OFFICIAL RESPONSE FROM FRIEDCATHi ThickAsThieves, 1. They will arrive at October as their earliest. The specs are unknown (only simulation results at this moment), but surely they will be much better than all available similar products in the market now. 2. Cryptocurrencies or mining of virtual currencies are OK. Exchanging them for fiat is less OK but the legal risk is mostly on the exchange operators' side. However as everyone knows, the policy in China is never predictable so there is indeed risks in the future. We have been considering and coping with this uncertainty from the day our chips passed the test and are on the start of building offshore company structures. 3. The access to company wallet is backed up and we back up shareholder information frequently. Also the division of work in Bitfountain is not yet so refined that there are no replaceable positions. We have already left our startup stage so it's become more organized, therefore backup employees are becoming more important and in our range of plan. Best regards, friedcat Awesome job at organizing this TAT, and excellent news from Friedcat! My pleasure but I want to make sure the other 3 guys get credit too. VJain, ianp, and Franktank handled most of the work gathering questions and making the poll, while I did some editing and pm'd Friedcat. Together we formed Voltron. (cat reference!) Our next plan is to update the poll with a few more questions and let it run for a few more weeks before bothering Friedcat again  |
|
|
|
|
1091
|
Economy / Securities / Re: (WTB) 20 Direct ASICMINING Shares @2.5 per share
|
on: June 13, 2013, 06:08:45 PM
|
I want to buy 20 direct Asicming shares @ 2.5 BTC per share, from someone who can prove they own them, has previous auction history and with a trusted profile.
Going rate is 2.7 on the exchanges, so expect to pay 2.75 or so in any upcoming auctions. Possibly higher. |
|
|
|
|
1092
|
Economy / Securities / Re: S.DICE - SatoshiDICE 100% Dividend-Paying Asset on MPEx
|
on: June 13, 2013, 06:08:03 PM
|
Unreal. The point of an IPO is to provide capital to run a company.
100% of the betting pool must be provided by IPO proceeds.
If not, S.DICE is just another bitcoin scam, albeit a more complex and profitable one than most.
Way to squeeze the last drop out of this lemon, Erik.
Erik was selling off his own shares, not newly issued shares. There were no shares before the Tier 1 IPO. I'm talking about the 10M shares that were initially offered when the security was created on MPEX. I'm not talking about the extra 3M he sold later. The initial IPO yielded 35,000 coins. That 100% of those coins should go to enriching the founders, and 0% going to support the company is a pretty gross distribution for an IPO. Then there is the whole unresolved issue of the mystery bettor that Erik knows, but we don't, that accounted for >50% of the lifetime volume. We still have no evidence that those bets were not just IPO proceeds being recycled to prop up the share price for a better cashout. 10% loss on the distribution of the 35,000 BTC to shareholders, drive the price to .0075, dump 3M more shares right before the whale runs dry, increase the total BTC extracted from the community. When the public appetite for new shares drops and looks unlikely to ever recover without restarting the whale-bot, seize an arbitrary number of coins from future dividends. I wanted to believe in S.DICE. I DID believe in S.DICE... But after this last move, looks like a death spiral scam from my vantage point. Other's risk tolerance may vary. Welcome to the dark side! |
|
|
|
|
1093
|
Economy / Securities / Re: [BTC-TC] Community Exchange w/ Options, DRIP, 2FA, API, CSV, etc.
|
on: June 13, 2013, 05:39:58 PM
|
I know I've harped on this before, but it would be GREAT if the manual threshold for withdrawals was a lot higher for people with 2fa on everything. Maybe like 50btc? Pweeeeeez!?
I would love to be able to do that. But 50 BTC would be the entire hot wallet most of the time.  I know people don't care for the manual withdrawals. They're not fun to process either. We just can't risk making ourselves a hacking target like that. Too many sites (recently vircurex) have gone down the drain because they leave too much exposed. The problem I have is the manual withdrawal forces me to trade less on BTCT.co, it means I am exposed to too much time risk. 50BTC for the hot wallet seems awfully low to me as well. This means that you probably process more manual withdrawals than automatic ones... It seems like overkill to me, but I'm not the one running the exchange I guess, so I plead some ignorance. Either way, higher manual withdrawal limits is the single biggest feature request on BTCT.co for me, by a longshot. |
|
|
|
|
1094
|
Economy / Securities / Re: [BitFunder] G.ASICMINER-PT
|
on: June 13, 2013, 05:31:07 PM
|
Can you pay out the dividend! Not sure why you are a full day behind BTCT. THe quicker you are the higher prices will be so it is in your best interest IMO
Relax man, it hasn't even been 24 hours since the divs have cleared from AM. fair enough I just thought they usually pay out at the same time. I just find it weird that bitfunder prices are so much lower than btct right now even though btct has already paid dividends. Also, volume is 4X more on btct in the last 24 hours and I assume part of that is because they pay the dividends more quickly. Volumes have not been that spread before. PS: quick question, what is the minimum shares I would need to switch from bitfunder to btct? (just curious, wont necessarily do it as I like bitfunder) Arbitrage eh? It's a minimum of 250 shares to withdraw from BitFunder. Its more about wanting to keep the shares for a very long time and not wanting to worry about liquidity. If you guys think bitfunder will keep up with BTCT then I am not worried at all. Trying to make .03 per share because of the price different is much less important to me Liquidity will ebb and flow between the exchanges. It wasn't long ago that BitFunder had many more shares and volume than BTCTC. This could easily happen again. |
|
|
|
|
1096
|
Economy / Securities / Re: [BitFunder] G.ASICMINER-PT
|
on: June 13, 2013, 04:49:44 PM
|
Can you pay out the dividend! Not sure why you are a full day behind BTCT. THe quicker you are the higher prices will be so it is in your best interest IMO
Relax man, it hasn't even been 24 hours since the divs have cleared from AM. |
|
|
|
|
1097
|
Economy / Securities / Re: [BTC-TC] Deprived Mining Speculation (DMS)
|
on: June 13, 2013, 04:23:19 PM
|
Looks like the dividend payment on MINING is still stalled - will give it 10 more minutes then leave a message for burnside.
My TAT.VM payout took quite a while yesterday. Of course a pm to Burnside won't hurt either |
|
|
|
|
1098
|
Economy / Securities / Re: [HAVELOCK] ASICM, a New Micro-share ASICMINER Passthrough!
|
on: June 13, 2013, 02:59:16 PM
|
Just a quick note to suggest that any ASICM shareholders may want to consider adding a signature like mine to their posts. Remember, more ASICM buyers will help liquidity, stability, and potential rise in share value! Simply add the code below to your signature: [b][url=https://www.havelockinvestments.com/order.php?symbol=ASICM]{{ Buy ASICMINER Shares, The World Leader in Bitcoin Mining & Hardware }}[/url][/b] - Brought to you by TAT Investments |
|
|
|
|
1099
|
Economy / Service Discussion / Re: Havelock Investments - Exchange feedback/comments
|
on: June 13, 2013, 02:59:09 PM
|
Just a quick note to suggest that any ASICM shareholders may want to consider adding a signature like mine to their posts. Remember, more ASICM buyers will help liquidity, stability, and potential rise in share value! Simply add the code below to your signature: [b][url=https://www.havelockinvestments.com/order.php?symbol=ASICM]{{ Buy ASICMINER Shares, The World Leader in Bitcoin Mining & Hardware }}[/url][/b] - Brought to you by TAT Investments |
|
|
|
|
Show Posts
