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somestranger
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August 04, 2013, 11:16:18 PM |
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Lol, if this plays to be true the person who wrote the article should look for a new profession So I guess they just pulled the 20nm thing out of their ass? I don't see how anyone could confuse the two companies besides their name... there is absolutely no mention of Bitcoin although this venture capital firm is investing in Bitcoin startups. |
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crumbs
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August 04, 2013, 11:47:36 PM |
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Lol, if this plays to be true the person who wrote the article should look for a new profession So I guess they just pulled the 20nm thing out of their ass? I don't see how anyone could confuse the two companies besides their name... there is absolutely no mention of Bitcoin although this venture capital firm is investing in Bitcoin startups. Look at the date: "/20 12/09/04/" -- no room for confusion. |
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somestranger
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August 04, 2013, 11:52:39 PM |
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Look at the date: "/2012/09/04/" -- no room for confusion.
Almost exactly one year ago. This company has been raising $200M every 1-2 years for the past several years. My money is on the Venture Capital firm getting $200 million, not the poorly run Bitcoin mining startup. |
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kololo
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August 05, 2013, 01:21:20 AM |
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Exocyst
Sr. Member
Activity: 266
Merit: 250
Science!
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August 05, 2013, 01:56:48 AM |
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The bids are desperately thin on bitfunder right now. If you got some free coins on BitFunder and you like ActM, put some limit orders in. Less than 15K sold to hit sub 0.004.
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piecinitup
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August 05, 2013, 02:03:32 AM |
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The bids are desperately thin on bitfunder right now. If you got some free coins on BitFunder and you like ActM, put some limit orders in. Less than 15K sold to hit sub 0.004.
Just did a lil arb from BTCTC to Bitfunder, couldn't pass it up even though it took 4 hours. The time it took actually saved me some coin tho. |
https://1broker.com/?r=34050 1broker is the easiest way to trade other markets than crypto using BTC! Copy successful traders or just trade yourself!
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iCEBREAKER
Legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
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August 05, 2013, 02:31:32 AM |
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Is this also fake? Or will we be trotting a different excuse for disregarding the obvious implications? http://www.cointerra.com/team/ Dr. Sherwani is the author of a textbook on Physical Design, which is widely used as the main textbook at major universities around the world. In addition, he has authored or co-authored three books and over 100 articles on various aspects of Physical Design Automation and ASICs. The 28nm pool is getting crowded! |
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Monero
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| "The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." David Chaum 1996
"Fungibility provides privacy as a side effect." Adam Back 2014
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limbaugh
Legendary
Activity: 1311
Merit: 1000
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August 05, 2013, 02:33:29 AM |
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The 28nm pool is getting crowded!
Avalon story is now on the Wall Street Journal. "Famed Trader Joe Lewis Backs Bitcoin" The party is over folks. |
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Vbs
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August 05, 2013, 02:44:46 AM |
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The 28nm pool is getting crowded!
Avalon story is now on the Wall Street Journal. "Famed Trader Joe Lewis Backs Bitcoin" The party is over folks. The party is over? LOL! I'd say the party is just beginning! How long until a behemoth whale finds ActiveMining "interesting"?  |
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Rozal
Newbie
Activity: 34
Merit: 0
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August 05, 2013, 02:45:48 AM |
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I'm pulling out too, this story is popping up all over the place.
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4ju5tice
Member
Activity: 111
Merit: 10
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August 05, 2013, 02:53:50 AM |
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This is awesome! Getting some great deals on bitfunder!
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Hi.
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iCEBREAKER
Legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
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August 05, 2013, 02:58:46 AM |
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Man, I'd hate to be long Activemining today. That's why I don't mess with options. When you smell smoke in a crowded nightclub, make sure to get to an exit before yelling 'Fire!'  |
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Monero
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| "The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." David Chaum 1996
"Fungibility provides privacy as a side effect." Adam Back 2014
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N_S
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August 05, 2013, 03:15:52 AM |
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Man, seems like a monster sell off right now.
Ugh...
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Rozal
Newbie
Activity: 34
Merit: 0
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August 05, 2013, 03:21:16 AM |
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I think at this point it only makes sense to sell now to cut your losses.
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kingcrimson
Legendary
Activity: 1025
Merit: 1000
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August 05, 2013, 03:21:47 AM |
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Unless I really study this $200 million business plan then I'm not that worried. ASICMiner is valued at $160 mill and these securities were poised to realistically compete with ASICMiner. You all studied the model and business plan for these securities, right? That is what matters. Don't get scared by the "$200 mill" number. Throwing a bunch of money at something blindly almost never works out.
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limbaugh
Legendary
Activity: 1311
Merit: 1000
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August 05, 2013, 03:22:57 AM |
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Unless I really study this $200 million business plan then I'm not that worried. ASICMiner is valued at $160 mill and these securities were poised to realistically compete with ASICMiner. You all studied the model and business plan for these businesses, right? That is what matters. Don't get scared by the "$200 mill" number. Throwing a bunch of money at something blindly almost never works out.
It's not blind when you invest in one of the only successful producers in the sector. |
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somestranger
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August 05, 2013, 03:23:05 AM |
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I think at this point it only makes sense to sell now to cut your losses.
The truth value of the article is still dubious, after all WSJ wrote that Bitcoin was banned in Thailand when it was not the case. Even if true Avalon isn't going to be producing 20nm chips for AT LEAST 6-12 months in which time ActiveMining will get plenty of business and control a modest amount of the total hashing power. |
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Technologov
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August 05, 2013, 03:23:53 AM
Last edit: August 05, 2013, 03:36:07 AM by Technologov |
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If ActM comes to market with 28nm before Avalon makes their first 20 nm chip, we have great chance.
So, yes, the party is far from over. Just the beginning. :-)
But, yeah, buyers alike were slaughtered today.
But I see it as a good news: Bitcoin mining sector gets publicity and attracts capital. It could also bring more investors over here, too...
-Technologov
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Bitcycle
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August 05, 2013, 03:28:39 AM |
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We've moved into the realm of the ridiculous now.
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