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Author Topic: how to invest in ASIC  (Read 4882 times)
on9isrock (OP)
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August 08, 2012, 02:00:39 AM
 #1

how to start invest?
what is the minimum BTC and how much i wll get?

my address :18TTx6qBr2LTiyRu6SuLDX1SFwDCQyeJRC
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Graet
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August 08, 2012, 02:04:03 AM
 #2

http://www.butterflylabs.com/
send your btc, join the que waiting for delivery october or some time after

| Ozcoin Pooled Mining Pty Ltd https://ozcoin.net Double Geometric Reward System https://lc.ozcoin.net for Litecoin mining DGM| https://crowncloud.net VPS and Dedicated Servers for the BTC community
Dargo
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August 08, 2012, 03:14:17 AM
 #3

By now you would be so far back in the que that you would probably have to wait at least 4 months after BFL starts shipping before you got your unit (and it could be much longer, like 6 months or more). And by that time you got your hardware, the difficulty would be so high that it might not be very profitable. It would probably take 12 months, maybe more, to pay off the equipment. If you want to mine because you think its cool or fun, then go for it. But if you are in for profit, I recommend you just buy BTC and either just hold them or invest. You could invest in a mining farm that will have ASIC - that would be the quickest "access" to ASIC mining you can get at this point.
Stephen Gornick
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August 08, 2012, 04:29:51 AM
 #4

what is the minimum BTC and how much i wll get?

There are a lot of unknown variables so that can't be answered.

Unknowns include:
 - When these might ship (BFL says October, they may be off by six months who knows),
 - The difficulty when you receive yours.
 - How many will be produced, before and shortly after yours.
 - The exchange rate at the time
 - Will there be competing ASIC delivered
 - Will FPGA shipments increase significantly prior
 - What is the exchange rate in the future, will it rise or drop after the high hashrate increases.

Unichange.me

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Dargo
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August 08, 2012, 11:46:17 AM
 #5

According to this

https://bitcointalk.org/index.php?topic=89685.0

at least 2839 order numbers have been generated so far. Not all of these are real orders, but there may be 2500 real orders by now. Going from the data we have for 125 of these orders,

20.74 Th/125 orders = 166 Gh/order average.

Assuming this average is representative across the 2500 orders,

166 Gh x 2500 = 415 Th ordered so far.

This may be an overestimate (I hope so), but I think anyone ordering ASIC right now needs to come to grips with the possibility that there may be as much as 400 Th in the que ahead of them, which will already be online by the time they get their hardware, causing the difficulty to rise by over 25x what it is now. Maybe ASIC mining will still turn out to be profitable for those buying hardware now, but it is by no means certain that it will be. 
fatigue
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August 08, 2012, 11:52:29 AM
 #6

According to this

https://bitcointalk.org/index.php?topic=89685.0

at least 2839 order numbers have been generated so far. Not all of these are real orders, but there may be 2500 real orders by now. Going from the data we have for 125 of these orders,

20.74 Th/125 orders = 166 Gh/order average.

Assuming this average is representative across the 2500 orders,

166 Gh x 2500 = 415 Th ordered so far.

This may be an overestimate (I hope so), but I think anyone ordering ASIC right now needs to come to grips with the possibility that there may be as much as 400 Th in the que ahead of them, which will already be online by the time they get their hardware, causing the difficulty to rise by over 25x what it is now. Maybe ASIC mining will still turn out to be profitable for those buying hardware now, but it is by no means certain that it will be. 

You may want to read this. The OP quotes the relevant part.
https://bitcointalk.org/index.php?topic=89521.0
JayCoin
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August 08, 2012, 06:54:39 PM
 #7

If you want to invest in ASIC mining, you should invest in Pyramining

They are doing ASIC developement ( https://bitcointalk.org/index.php?topic=80845.msg1071934#msg1071934 ) for their new infrastructure and a separate investment fund for ASIC only. 

If you want to join Pyramining you need a referral. You can use the links in my signature for a referral. 

This is the way to go for investing in Bitcoin mining.

Hello There!
[Tycho]
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August 10, 2012, 12:13:19 AM
 #8

Soon our Reclaimer project bonds will be available - another way of investing in ASIC and the Bitcoin future :)

(Well, actually they are already available, but not announced yet)

Welcome to my bitcoin mining pool: https://deepbit.net - Both payment schemes (including PPS), instant payout, no invalid blocks !
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ice_chill
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August 11, 2012, 08:51:10 PM
 #9

At 350Ghash network speed and $9 BTC it should take around a year for BFLs ASIC to break even.
Jutarul
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August 11, 2012, 08:54:37 PM
 #10

how to start invest?
what is the minimum BTC and how much i wll get?

another option is to participate in the funding of ASIC related projects....
https://bitcointalk.org/index.php?topic=99497.0

The ASICMINER Project https://bitcointalk.org/index.php?topic=99497.0
"The way you solve things is by making it politically profitable for the wrong people to do the right thing.", Milton Friedman
BobbyJo
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August 26, 2012, 10:28:39 AM
 #11

There are several ways to invest in ASIC.  You can buy the kit your self as discussed above.  When it will be shipped and how many orders (and for what) are in front of you is unknown.

Or you could reduce the risk and invest in a company that will use ASIC once proven.  Pyramining has stated that they will buy ASIC hardware once released, so this is one way of investing in ASIC without the need to buy hardware or worring about order numbers or when will it be released!


symbot
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August 26, 2012, 12:00:46 PM
 #12

Certainly the simplest way to get in on this is through pyramining.  You can invest any amount and they will be actively working to find the best solutions as new technology emerges.
BobbyJo
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August 26, 2012, 04:16:45 PM
 #13

I would agree.  There are many unknowns with ASIC.  So far, noone is producing a unit for sale and the promised BFL units have months worth of pre orders to get through once they do start shipping.

Pyramining is committed to buying the latest technology to ensure they remain competitive, therefore if you want to minimise risk, dont have the cash for an ASIC unit or dont want to wait several months, Pyramining is a good place to invest.

YokoToriyama
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August 28, 2012, 06:03:54 PM
 #14

Same as in the stock world you have bullish and bearish opinion's
I've seen order numbers already into the 6000+
and they are reaching out to asia for faster development
before they picked up to go and get on AISC boat they
reached out to an investor to give them more capital
these guys are already rolling in the cash. nov to dec thats when
i see big production coming.
muyuu
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August 28, 2012, 06:25:29 PM
 #15

In GLBSE you have ASICminer

https://bitcointalk.org/index.php?topic=99497.0

GPG ID: 7294199D - OTC ID: muyuu (470F97EB7294199D)
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