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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3914707 times)
romerun
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July 18, 2013, 09:17:06 PM
 #10121

SDICE was on down hill, make sense to sell it, while AM is not, at least yet.
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empoweoqwj
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July 18, 2013, 09:19:05 PM
 #10122

You know, I was agreeing with you until you started denying global warming. Really detracts from your credibility.

"Global warming?"  The new term is "climate change" because the data failed to support the AGW hypothesis.  Quite the opposite, in fact!   Cheesy

"Denying?"  The burden of proof is on the affirmative.  The proper term is 'skeptic.' 

That you so freely commit Godwin-by-proxy ('Denier' is a Communist dog whistle and/or code word for 'Neo-Nazi') amply demonstrates the paucity of your thought. 

Credibility with fuckwit ManBearPig True Believers is the very last thing in the universe I want. 

Quote

I hope you never believe another word I say, and that decision costs you dearly.   Kiss

Anyone too stupid to read about and comprehend the consequences of the ClimateGate whistleblower's leaked archive deserves to be a slave on Al Gore's global plantation.

How much carbon tax should Friedcat pay, to atone for his environmental sins?   Tongue


Can you leave the global warming chat for a different forum? This is an ASICMINER thread on a BITCOIN forum
empoweoqwj
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July 18, 2013, 09:23:41 PM
 #10123

SDICE was on down hill, make sense to sell it, while AM is not, at least yet.

Smart players sell "when the offer is right".

But my point  was really: is there anything "technically" (in the IPO I presume) to stop AM just selling up one day and therefore not paying dividends any more? If so, this is a risk I hadn't even considered.
iCEBREAKER
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July 18, 2013, 09:30:10 PM
 #10124

How much carbon tax should Friedcat pay, to atone for his environmental sins?   Tongue


Can you leave the global warming chat for a different forum? This is an ASICMINER thread on a BITCOIN forum

Last I checked, Friedcat is in charge at ASICMINER.

Last I checked, ASICMINER uses a metric shed load of electricity mining and manufacturing.

Which brings us to the question

"Should those who believe in global warming/ManBearPig/climate change put their money where there mouth is and promise to plant a tree with part of their dividends, or should they simply STFU about their anti-industrial neo-primitive totem/taboo public school programming?"


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Monero
"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
Buy and sell XMR near you
P2P Exchange Network
Buy XMR with fiat
Is Dash a scam?
freedomno1
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July 18, 2013, 09:36:38 PM
 #10125

How much carbon tax should Friedcat pay, to atone for his environmental sins?   Tongue


Can you leave the global warming chat for a different forum? This is an ASICMINER thread on a BITCOIN forum

Last I checked, Friedcat is in charge at ASICMINER.

Last I checked, ASICMINER uses a metric shed load of electricity mining and manufacturing.

Which brings us to the question

"Should those who believe in global warming/ManBearPig/climate change put their money where there mouth is and promise to plant a tree with part of their dividends, or should they simply STFU about their anti-industrial neo-primitive totem/taboo public school programming?"

Like building a currency using computer algorithms that can go on forever or till they are lost vs paper money isn't good enough Smiley
jimmy3dita
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July 18, 2013, 10:48:37 PM
 #10126

Infact it's way better to keep using fiat and credit cards, paying the same speculation that has already destroyed half of our planet!

Btw, any news from the upcoming blades? And the huge mining-thing?

Acquista il mio libro "Investire Bitcoin": clicca qui
velacreations
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July 18, 2013, 11:10:04 PM
 #10127

It's funny when the speculation thread is the most relevant AM thread in the securities subforum....

TsuyokuNaritai
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July 18, 2013, 11:23:39 PM
 #10128

Iirc its more or less the same as S dice, AM can buy back any time they want at the 7 day average price.

Where does it say that? It's not in the OP or FAQ unless I'm missing it.

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July 18, 2013, 11:28:38 PM
 #10129

isnt that in 2016?

Promote our site for no risk BTC / LTC profit! 1% gross profit, LTC/BTC payments weekly. Click through for more details.
cp1
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Stop using branwallets


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July 18, 2013, 11:28:58 PM
 #10130

asicminer doesnt have a future

eventualy the block reward will half and so will dividends

Sure, but how much will 1 BTC be worth at the end of 2016?

Guide to armory offline install on USB key:  https://bitcointalk.org/index.php?topic=241730.0
Pierre
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July 18, 2013, 11:29:17 PM
 #10131

asicminer doesnt have a future

eventualy the block reward will half and so will dividends

Eventually transaction fees will exceed the block reward. There's still several years before the next block reward halving.
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July 18, 2013, 11:31:11 PM
 #10132

asicminer doesnt have a future

eventualy the block reward will half and so will dividends

Krudkeeper, I think you should stick to monitoring your minecraft servers at home with mommy and daddy. Please stay away from real investments and this thread, you don't know what you are talking about.
RippleCoins
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July 18, 2013, 11:39:02 PM
 #10133

asicminer doesnt have a future

eventualy the block reward will half and so will dividends

Krudkeeper, I think you should stick to monitoring your minecraft servers at home with mommy and daddy. Please stay away from real investments and this thread, you don't know what you are talking about.


 Well said!
empoweoqwj
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July 19, 2013, 12:43:52 AM
 #10134

SDICE was on down hill, make sense to sell it, while AM is not, at least yet.

Smart players sell "when the offer is right".

But my point  was really: is there anything "technically" (in the IPO I presume) to stop AM just selling up one day and therefore not paying dividends any more? If so, this is a risk I hadn't even considered.

Yup, there simply aren't enough coins to buy AM. Iirc its more or less the same as S dice, AM can buy back any time they want at the 7 day average price.

Doesn't have to be bought with bitcoins. Some company might say "we need a bitcoin mining company in our portfolio" and make AM an offer they can't refuse? What happens then, they just buy back at 7 day average price, really?

If so, a lot of people that bought into this thing because of the dividends would be mighty pissed.
TsuyokuNaritai
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July 19, 2013, 12:57:53 AM
 #10135

SDICE was on down hill, make sense to sell it, while AM is not, at least yet.

Smart players sell "when the offer is right".

But my point  was really: is there anything "technically" (in the IPO I presume) to stop AM just selling up one day and therefore not paying dividends any more? If so, this is a risk I hadn't even considered.

Yup, there simply aren't enough coins to buy AM. Iirc its more or less the same as S dice, AM can buy back any time they want at the 7 day average price.

Doesn't have to be bought with bitcoins. Some company might say "we need a bitcoin mining company in our portfolio" and make AM an offer they can't refuse? What happens then, they just buy back at 7 day average price, really?

If so, a lot of people that bought into this thing because of the dividends would be mighty pissed.
The only buy-back clause, in either the current or the original OP, made no mention of 7 day average price and was only for the condition not being able to raise enough money before August. 28, 2012. Unless someone provides a link, we can probably assume that stan.distortion didn't recall correctly.

Even if there ever was a buy-back, I'm sure Friedcat would exceed expectations/over-deliver as usual.

freedomno1
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July 19, 2013, 01:08:49 AM
 #10136

SDICE was on down hill, make sense to sell it, while AM is not, at least yet.

Smart players sell "when the offer is right".

But my point  was really: is there anything "technically" (in the IPO I presume) to stop AM just selling up one day and therefore not paying dividends any more? If so, this is a risk I hadn't even considered.

Yup, there simply aren't enough coins to buy AM. Iirc its more or less the same as S dice, AM can buy back any time they want at the 7 day average price.

Doesn't have to be bought with bitcoins. Some company might say "we need a bitcoin mining company in our portfolio" and make AM an offer they can't refuse? What happens then, they just buy back at 7 day average price, really?

If so, a lot of people that bought into this thing because of the dividends would be mighty pissed.
The only buy-back clause, in either the current or the original OP, made no mention of 7 day average price and was only for the condition not being able to raise enough money before August. 28, 2012. Unless someone provides a link, we can probably assume that stan.distortion didn't recall correctly.

Even if there ever was a buy-back, I'm sure Friedcat would exceed expectations/over-deliver as usual.

Lets add this to the shareholder FAQ that makes two good questions now Smiley

Why are our miners not doing so good with transaction fees compared to other blocks
Latency issues in china etc.

What are the conditions for a buyback of ASICminer
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July 19, 2013, 01:11:08 AM
 #10137

The only buy-back clause, in either the current or the original OP, made no mention of 7 day average price and was only for the condition not being able to raise enough money before August. 28, 2012. Unless someone provides a link, we can probably assume that stan.distortion didn't recall correctly.

Even if there ever was a buy-back, I'm sure Friedcat would exceed expectations/over-deliver as usual.

Unlike S. Dice, AM shares have voting power. Granted BitFountain does have over 51% of all shares but it's the thought that counts, right?
TsuyokuNaritai
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July 19, 2013, 01:27:24 AM
 #10138

What are the conditions for a buyback of ASICminer
Here are the only conditions:
Quote
If we haven't raised enough money to tape out before August. 28, 2012, we will return 100.5% of the total raised funds to investors of ASICMINER. The 0.5% is for compensating the GLBSE fee.
That's it. Question answered! Grin

So now 2012 has passed...
each ASICMINER share always owns 1/400000 of the company.
...Friedcat's contract with us isn't for life, it's for eternity.

binaryFate
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July 19, 2013, 01:33:42 AM
 #10139

What are the conditions for a buyback of ASICminer
Here are the only conditions:
Quote
If we haven't raised enough money to tape out before August. 28, 2012, we will return 100.5% of the total raised funds to investors of ASICMINER. The 0.5% is for compensating the GLBSE fee.
That's it. Question answered! Grin

So now 2012 has passed...
each ASICMINER share always owns 1/400000 of the company.
...Friedcat's contract with us isn't for life, it's for eternity.
I'm ok with that!

Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. 
This makes Monero a better candidate to deserve the term "digital cash".
freedomno1
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July 19, 2013, 02:01:25 AM
 #10140

What are the conditions for a buyback of ASICminer
Here are the only conditions:
Quote
If we haven't raised enough money to tape out before August. 28, 2012, we will return 100.5% of the total raised funds to investors of ASICMINER. The 0.5% is for compensating the GLBSE fee.
That's it. Question answered! Grin

So now 2012 has passed...
each ASICMINER share always owns 1/400000 of the company.
...Friedcat's contract with us isn't for life, it's for eternity.
I'm ok with that!
No issues here ^_^
We will grow old together haha
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