221
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Economy / Service Discussion / Re: Is coinbase.com still alive?
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on: August 22, 2013, 01:08:25 PM
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jeeezus, what's wrong with it? can anyone talk to them? Are you verified? I would suggest speaking with Coblee, he's technically not Customer Support but he may be able to provide some advice.
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222
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Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
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on: August 22, 2013, 05:23:14 AM
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Update
We have collected several shareholders' questions for answering. Besides mining, hardware sales, and franchising, are there any other potential sources of revenue? There are many possible ones considered, but none can support serious sound business model based on a 1-2billion dollar total market value of Bitcoin: selling patents, offering solution for mining farm construction, assembly service, etc.
Interesting, very interesting.... Anyone know patent law well enough on ASIC chip set, size, and application?
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223
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Economy / Securities / Re: ASICMiner Quarterly Report (Investor’s Take) & News [UPDATED 08/22]
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on: August 22, 2013, 05:19:12 AM
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Update
We have collected several shareholders' questions for answering.
Could we have an official live hashrate meter from ASICMINER? We have an internal one, mainly for troubleshooting when some of the racks going down. The hashrate meter based on the blocks mined reflects more of the real speed (plus luck of course). We will buy more bandwidth before making it accessible by the whole internet. It also requires more commitment in maintenance.
For more transparency, is it possible to share a wallet address for depositing income from ASICMINER hardware sales? We use a different deposit address for each payment transaction. But a centralized nexus address is good. Then people could see how the funds are separated as dividends and expenses.
Besides mining, hardware sales, and franchising, are there any other potential sources of revenue? There are many possible ones considered, but none can support serious sound business model based on a 1-2billion dollar total market value of Bitcoin: selling patents, offering solution for mining farm construction, assembly service, etc.
Why has the hashrate dropped the past weeks? It dropped in different few days. Some of them are internal hardware/network glitches, some of them are luck based. We haven't identified any form of DDOS attacks recently though.
There hasn't been a huge hardware dividend payoff: is it because of reduced margins, or delays? Because we are collecting funds to get ready for the exponentially increased devices to be assembled in September and October.
How are things going regarding your business plan? Did you account for the sudden network hashrate increase? How is the international expansion of ASICminer coming along? The business plan is unchanged. The network hashrate increase was still under our projection. The total hash target originally set for the end of this year would probably achieved earlier. The ASICMiner expansion via franchising is still much within China border. The internationally deployed portion will dominate when the gain of operation cost outweigh the delay and cost of international shipping/assembling abroad.
Link
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228
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Economy / Securities / Re: ASICMINER Speculation Thread
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on: August 21, 2013, 02:31:56 PM
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guys, move those sell orders, people are going to fill them, and then you'll be sorry for selling AM at 2.9!
There should be no sell orders lower than 3.5.
....aaannnd we're back! Hope everyone enjoyed the ride.
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230
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Economy / Securities / Re: ASICMINER Speculation Thread
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on: August 21, 2013, 02:16:42 PM
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People are being ridiculously shortsighted. Two bad dividends and everyone's looking for cover...
Those people weren't here when AM was paying sub 0.01/share. I believe the term is "fair weather investors".
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234
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Economy / Securities / Re: [BTC-TC] Deprived Mining Speculation (DMS)
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on: August 20, 2013, 10:46:32 PM
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Yes, I believe keeping SELLING will be profitable in long run.
This makes me skeptic about why you believe that. SELLING price "in the longest run" is PURCHASE-"MINING total divs", if you instead treat it like a regular asset you're on your way to giving free money to other people, instead. SELLING according to my calculations has been very profitable up until a few days ago, when it reached the right price, at which the obvious rational choice was to sell it. Of course my calculations might be wrong, but at least they aren't a worthless and dangerous "gut feeling". Then according your calculations, difficulty will only increase linearly from here then? As long as the total network hash rate continues to increase like it has, SELLING will remain profitable.
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235
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Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
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on: August 20, 2013, 03:51:03 PM
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isn't it clear, Vycid's smart-ism has only serve one aim, he wants to buy low.
People need to be aware of this. He's bought some PUT options on AM several weeks back (sub 3.0) and they're about expire in the coming weeks. His concerns are valid but he does have an ulterior motive as well.
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238
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Economy / Service Discussion / Re: Coinbase SMS - what do you think?
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on: August 17, 2013, 05:31:32 AM
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When I set up a pin, enter in a pin, and click 'Save Changes', it says "SMS disabled!" at the top. What gives?
Did you enter in a pin, or did you just click save? If you don't enter a pin, it shows the greyed out "123456" as a placeholder. When you click save without entering a pin, it won't enable SMS. Try again? I've entered a pin, I know that. The digits show up, not the greyed out place holder numbers. It's says "SMS disabled!" after hitting submit. Tried on both Safari and Chrome. I'm using a MBA. I'm guessing you are using a non-numerical pin. Please only use numbers. I will update the error message. Actually, I figured it out. PM'd you the error.
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239
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Economy / Service Discussion / Re: Coinbase SMS - what do you think?
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on: August 17, 2013, 05:11:45 AM
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When I set up a pin, enter in a pin, and click 'Save Changes', it says "SMS disabled!" at the top. What gives?
Did you enter in a pin, or did you just click save? If you don't enter a pin, it shows the greyed out "123456" as a placeholder. When you click save without entering a pin, it won't enable SMS. Try again? I've entered a pin, I know that. The digits show up, not the greyed out place holder numbers. It's says "SMS disabled!" after hitting submit. Tried on both Safari and Chrome. I'm using a MBA.
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240
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Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
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on: August 17, 2013, 04:19:21 AM
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Our society is addicted to oil -- it is the only thing keeping it alive. We can't sustain an overpopulated world with solar and wind power. Without oil our economies would crumble and we would living in the dark ages -- except imagine the dark ages with a million times more people. We can survive without bitcoin, no matter how popular it will become. It's value will never be comparable to oil because it's not a necessary resource. The last 20 years of R&D put into renewable energy resources and biofuels would like to disagree with you. We still use oil because we can. If push came to shove, the proper adjustments will be made and we could survive w/o oil. That's the thing about humanity, we don't change until it's too late. However this discussion is meant for other forums.
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