It's more secure.

I agree on this. Weexchange just makes it harder to use BF, for no added functionality.

Can anyone estimate what would be the return, in bitcoin, of 1000 ASICMINER full shares for the next 30 days ?
Thanks

Good Day,


I would like to purchase 100 ASICM full shares from a seasoned mining vet here. Given the purchase size I will be going with the best bulk rate offered, able to complete transaction once deal is agreed upon.

Now, let's make a deal!

The amount of money to be made from selling miners is limited. Only because the last weeks the income from selling miners exceeded the mining income doesnt mean that there is an endless flow of fresh money from outside that is able to buy the Asicminer Miner. At a point the market is saturated. Mining is a steady and ensured income. No one can beat Asicminer on this field at the moment and probably for a long time.

Im not sure that this is needed. When i see this chart: http://blockchain.info/de/charts/hash-rate it looks the variance in the whole network isnt very high. 99825 to 76744. Thats 100% to 76.88%. In this case, if AM would have under 38.372 TH the network would still be safe because it dropped only to 76.744 TH. We are still way beyond that. 38,372TH for a total 99.825TH of the net would mean 38.44% would be safe.

But i think friedcat could even go higher near 50% when there is a script running to prevent 50%. A damage would only be done when someone shows that AM had over 50%. A theoretical >50% doesnt matter. If it would matter BFL, Avalon or Asicminer would have been a threat all the time because they theoretically have the power to kill bitcoin. But theoretically doesnt matter much.

Of course this raises the risk of AM being hacked to kill bitcoins... and so on... isnt really that easy...

I've read some old threads that mining was a means of bootstrapping the company to sell hardware. It seems ATM that the volume of blade sales, while tasty, is not yet earth-shattering (when AM does most things so well expectations are high). This is due to setting a price point at which a handful of early adopters were willing to pay. A lower price point would certainly ship a ton more blades. The high price point of the moment seems to invite competition (100TH, KnCMiner and the open-source brigade, and yes even BFL and their crippleware) and disparaging remarks from the GPU crowd (even though I think if they properly accounted for their cost of operation they'd see blades are cheaper).

I can understand the viability of the commoditization strategy; perhaps it is too early for those of us looking in at AM from the outside to see exactly how it will be conducted. While things like the USB sticks will put ASICs in many hands, it won't discourage competition.

Perhaps it's better that we hoi-polloi investors aren't truly aware of how it will be done. I can imagine a casual friedcat announcement appearing in these pages in a few weeks that suddenly makes it clear to everyone exactly who the winners and losers in this game are.

Why do people care about asicminer's solo mining hashrate? The pool hashrate was useful to estimate the payout, but with solo mining you can directly see the payouts. Now people are going to great lengths to estimate the solo mining hashrate from the payouts, what's the purpose?

Hi all, quick update.

All of the transfer requests that I have received from Friedcat up to this moment have been imported.

** If you sent Friedcat a transfer request prior to May 23 and HAVE NOT yet received your shares on the exchange, please PM me.  There have been a couple of edge cases where I did not receive notification of the completed transaction and I am fairly certain that there may be more such cases out there.

Cheers.

I drew this figure month ago. And price walk with it very accurately so far.

If this is how they act at the outset, then you won't make a fuss when I refer you to the IPO contract where it says they are free to use the funds for wages, and then tell you they had to spend it all on wages. And you wouldn't make a fuss about VMC not using the technology that AMC developed, with the result that VMC doesn't have to pay 10% to AMC.  It's not about the contract. It's about trust.

But 20k were converted to ASICMINER-PT to put onto the open market last week, right?

Shares owned by btc-tc went up by 20k last week. Or am I mistaken?

The more arbitrage is going on, the less the prices will differ, so if they're drifting a lot that would mean the problem is a /lack/ of arbitrage ;P

Back to normal for a couple of minutes, then errors again. :O

Received Ask Order: 3 @ 2.579 BTC

Excessive wait trying to get lock on ASICMINER-PT.