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velacreations (OP)
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June 25, 2013, 01:17:35 PM |
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+1
I like how you're going AM spokesman this week, but interested to see how you react if AM div is < 0.02 this week (which seems likely). Will you be all like "revenue dropped, this is overpriced"? Is 0.017 acceptable to you for this week as long as it recovers next week?
it depends, is hashrate going to drop by 60% at the same time? how about share price? I never said AM was overpriced, only that revenue dropped by 50% in a week, which I think is significant. Others may disagree, but combined with the other factors at the time, it was a bad news day for AM. Still, I held my shares, and rejoiced when the news changed. If you read through my history, you'll find me positive far more times than negative. |
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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ThickAsThieves
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June 25, 2013, 01:23:53 PM |
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AM is probably throttling their hashrate because no one else is shipping this period. It also helps them show value in their USBminer deal if difficulty stays lower.
Once you see the nethash go up on its own, AM will follow suit.
That's my bet.
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velacreations (OP)
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June 25, 2013, 01:24:34 PM |
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Or the facility to keep it running, even at it's current relatively meager speed. This is what blows my noodle out. The deployment of that much TH/s is no way going to be less complex than what seems lately (and earlier) to be unstable. There still hasn't been a solid time of 50gh/s being run, much less 66 or 150 or 300. The network will reach those speeds. no, but they are the only ones doing it at that level, and truth be told, they had issues when they were at 6 TH/s, too, but they worked them out. Then we account for the avalon chips (soon to be delivered? probablymaybe) FTFY. Yeah, Avalon might show up, as soon as they are done mining with your equipment... Now BFL . . . yes everybody is mad, yes they delivered later than expect. . .but cut through the hate, and look at what they've actually done lately. They chewed through 3500 chips in a matter of daysweeks. And are receiving 1000s of boards to assemble this week. 70,000 more chips in the pipe. Another 200-300 Th/s. 200 orders over several weeks. Yeah, that is better than what they were doing before, but certainly not at a pace to be of concern. |
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San1ty
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June 25, 2013, 02:16:53 PM |
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3.5 = Overpriced
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Found my posts helpful? Consider buying me a beer :-)!:
BTC - 1San1tyUGhfWRNPYBF4b6Vaurq5SjFYWk NXT - 17063113680221230777
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Endlessa
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June 25, 2013, 02:17:19 PM |
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200 orders over several weeks. Yeah, that is better than what they were doing before, but certainly not at a pace to be of concern.
There problem hasn't been building them, it was design issues that took them way longer to fix than anybody wanted. That part is over and their supply line appears to be working out. the next set of shipments will be the biggest indicator. At that point it will be like playing with legos. My guess is you just grabbing that number with out researching the context. Keep your head in the sand if you like, but it is coming and we shouldn't discount the possibility. I'm just saying AM needs to be ready and this week isn't instilling confidence in that. |
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nubbins
Legendary
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Activity: 1554
Merit: 1009
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June 25, 2013, 02:24:15 PM |
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AM is probably throttling their hashrate because no one else is shipping this period.
Given the reports that Avalon is hashing with customer's hardware (and that BFL is probably doing the same), I don't think the increase in network hashrate over the next few months is going to be as crazy as people are making it out to be. I think 28% jumps in difficulty are already a thing of the past. |
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velacreations (OP)
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June 25, 2013, 02:27:33 PM |
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There problem hasn't been building them, it was design issues that took them way longer to fix than anybody wanted. That part is over and their supply line appears to be working out. the next set of shipments will be the biggest indicator. At that point it will be like playing with legos. My guess is you just grabbing that number with out researching the context. Keep your head in the sand if you like, but it is coming and we shouldn't discount the possibility. I'm just saying AM needs to be ready and this week isn't instilling confidence in that.
yeah, sorry, I don't buy it. when you are thousands of orders behind schedule, and even now, filling orders that were made 9 months ago, your ability to deliver is suspicious, at best. sure, we should keep them coming online as a possibility, but at this point, it's a faint possibility, and there are certainly other things to focus on, like AM delivering new blades and cheaper USBs next week. |
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ianp
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June 25, 2013, 02:37:27 PM |
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Reminder / UpdateThickAsThieves, VJain, Franktank and myself have put together the next round of questions for the community to vote on. Once we have a consensus of the top three questions, ThickAsThieves will submit them to Friedcat. The last round was a big success, so we will continue doing this for the foreseeable future. The questions are available for voting here: https://docs.google.com/forms/d/1M7wigyDWjKjabHKdC7msaEfXvYaNxtMbbmTIRss8EqU/viewformIf there is a question that is not listed, please let us know and we will discuss adding it.
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velacreations (OP)
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June 25, 2013, 02:51:27 PM |
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I hope my question gets chosen!
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miTgiB
Full Member
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Activity: 251
Merit: 100
Du hast
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June 25, 2013, 03:04:02 PM |
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3.5 = Overpriced
I've been hearing people claim this since I bought at 0.75 |
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San1ty
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June 25, 2013, 03:17:39 PM |
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I got some at 2.79, so hey it's good for me, but my opinion remains.
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Found my posts helpful? Consider buying me a beer :-)!:
BTC - 1San1tyUGhfWRNPYBF4b6Vaurq5SjFYWk NXT - 17063113680221230777
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SOSLOVE868
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June 25, 2013, 03:36:09 PM |
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Wow， again ,droop to 14% .,,I am waiting for panic selling ....
where is the panic selling ?people still trade it for BTC3.4....this unbelievable
people have faith in friedcat. This is a bad news......I want my shares back ....  Hilarious! Remember me saying: I'll wait for the bubble to burst and scoop up a load of shares at a fair price, while laughing at SOSLOVE screaming all over the place that Friedcat scammed him and is evil.
Wololo! God ,I got a bad new for you , I sold my shares yesterday...... I am in the same position with you . Waiting for someone panic and buy their shares at a reasonable price . |
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SOSLOVE868
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June 25, 2013, 03:40:35 PM |
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AM is probably throttling their hashrate because no one else is shipping this period. It also helps them show value in their USBminer deal if difficulty stays lower.
Once you see the nethash go up on its own, AM will follow suit.
That's my bet.
Wow ...This mean FriedCat is a tricky cat... ..... only 11% right now.... New record low..... |
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blackreplica
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June 25, 2013, 03:56:15 PM |
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IMO at current dividend levels, assuming they can be maintained for the foreseeable future, fair valuation is at about 4.5 BTC per share...give or take a little depending on your risk appetite
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www.sgBitcoin.net - The Premier News, Discussion & Marketplace Destination for the Singaporean Bitcoin Community
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TECHICENINE
Newbie
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Activity: 28
Merit: 0
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June 25, 2013, 03:59:40 PM |
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Wow， again ,droop to 14% .,,I am waiting for panic selling ....
where is the panic selling ?people still trade it for BTC3.4....this unbelievable
people have faith in friedcat. so friedcat is linked with Bitfountain New York parent company?..thanks |
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SOSLOVE868
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June 25, 2013, 03:59:48 PM |
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IMO at current dividend levels, assuming they can be maintained for the foreseeable future, fair valuation is at about 4.5 BTC per share...give or take a little depending on your risk appetite
Wow ,If at 4.5 BTC for the risk bearing and the return...I wouldn't call this a reasonable investment .... |
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TECHICENINE
Newbie
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Activity: 28
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June 25, 2013, 04:03:24 PM |
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From another post:
"...It truly amazes me that Co's lie ASICMINER or SDICE, who roll around in thousands of BTC (hundreds of thousands of EUR) can not find a bookkeeper, who is capable compiling a proper P/L, C/F and the the balance sheet. All I can say is: "WTF!"
This is a big concern for almost every Bitcoin Business. Same applies to many companies like SDice, AsicMiner, MPOE etc etc. They have all grown quickly into big successful business making loads of BTC, but all still operate like one-man bands, with the founders doing all the PR and numbers. They need to act like proper $50-$100m+ businesses and have proper PR communications on scheduled basis, proper websites and proper financial statements. They should also all stop this nonsense of reporting and paying dividends weekly, it is a distraction and is not done in 'the real world' for a good reason i.e. income volatility and it's a waste of time. On a similar matter, the exchanges and gambling sites need to get regulated and the mining devices should be sold with FCC/CE certification. Ultimately as Bitcoin grows it will have to become more professional, ignoring rules never works out well in the end.......ignorance is no defence of the law. what? fyi our group has been providing matket awareness / promo for at least two weeks...thanks buddy |
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Lohoris
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June 25, 2013, 04:03:40 PM |
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They should also all stop this nonsense of reporting and paying dividends weekly, it is a distraction and is not done in 'the real world' for a good reason i.e. income volatility and it's a waste of time.
Nonsense. In a risky business such as Bitcoin I can't trust anyone for a long period, hence I demand fast and abundant revenues in order to be interested. |
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SOSLOVE868
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June 25, 2013, 04:05:33 PM |
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They should also all stop this nonsense of reporting and paying dividends weekly, it is a distraction and is not done in 'the real world' for a good reason i.e. income volatility and it's a waste of time.
Nonsense. In a risky business such as Bitcoin I can't trust anyone for a long period, hence I demand fast and abundant revenues in order to be interested. I prefer daily dividend, if they do daily dividend , then the share price will pump again. |
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TECHICENINE
Newbie
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Activity: 28
Merit: 0
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June 25, 2013, 04:36:07 PM |
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They should also all stop this nonsense of reporting and paying dividends weekly, it is a distraction and is not done in 'the real world' for a good reason i.e. income volatility and it's a waste of time.
Nonsense. In a risky business such as Bitcoin I can't trust anyone for a long period, hence I demand fast and abundant revenues in order to be interested. I prefer daily dividend, if they do daily dividend , then the share price will pump again. 30 minute dividend faucet ?..thanks lol  |
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