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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3916382 times)
iCEBREAKER
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July 18, 2013, 09:30:10 PM
 #10121

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
 #10122

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

Believing in Bitcoins and it's ability to change the world
jimmy3dita
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July 18, 2013, 10:48:37 PM
 #10123

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
 #10124

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
 #10125

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.

CoinBomb
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July 18, 2013, 11:28:38 PM
 #10126

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
 #10127

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
 #10128

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.
bougelahi
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July 18, 2013, 11:31:11 PM
 #10129

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
 #10130

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
 #10131

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
 #10132

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
 #10133

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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Franktank
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July 19, 2013, 01:11:08 AM
 #10134

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
 #10135

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
 #10136

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
 #10137

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

Believing in Bitcoins and it's ability to change the world
donut
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July 19, 2013, 02:08:23 AM
 #10138

[offtopic]



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


http://www.ncdc.noaa.gov/sotc/global/2013/6

June 2013 was the 340th consecutive month of above-average global temperatures.
http://blogs.agu.org/wildwildscience/2013/04/27/march-2013-is-337th-consecutive-month-above-20th-century-average/

[/offtopic]
vlaoou321
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July 19, 2013, 02:12:52 AM
 #10139

To announce my own survey data. Source According to statistics from taobao.com my agent in China 5G blade sales 351 (each 9.88BTC) 10G sales 203 (each 18.88BTC) did not count the official website does not direct into calculation

Total sales 7299BTC

Reputation https://bitcointalk.org/index.php?topic=198808.new#new
Tip: 1CtNCGTyhVkp6AzRwhTsqjkWgwCqk1vSjA
burnside
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July 19, 2013, 06:07:13 AM
 #10140

Now Satoshi Dice has been sold off, is ASICMiner the only decent security left with a healthy, long term dividend return? (Apart from meta-securities like BTCInvest which invest in other securities).

LTC-Global fits that bill nicely, although it is traded in Litcoins not Bitcoins, on litecoinglobal.com. As far as I can see there isn't a passthrough on btc-tc (yet).

For the sake of transparency I own at least 10 shares of it and am therefor a board member, so keep that in mind. (For the sake of bragging I bought in a few months ago at under 70LTC, and it has traded for over 300LTC recently.  Tongue)

With yield below 5%, along with thin volume and huge bid-ask spread.  I think coins are better put to work elsewhere.  I would recommend looking at 796 exchange.  For full disclosure, I do trade on 796 and own 796 stock.

796's 'btc-settled' future on BTCUSD exchange rate brings something new to the table and allows one to either hedge their BTC, arbitrage opportunity, or long / short BTC with leverage!

Also, you can trade ASICMINER passthrough there as well.

Yeah, it's great if you don't mind not having 2FA to log in and getting pillaged in fees.  From their fee table at https://796.com/vip

Tier    Total volume    Futures trading commission    Stock trading commission    Withdraw fee
VIP0    0    0.6%    1.2%    1.2%
VIP1    10    0.6%    1.2%    1.2%
VIP2    100    0.5%    1.0%    1.0%
VIP3    1000    0.4%    0.8%    0.8%
VIP4    10000    0.3%    0.6%    0.6%
VIP5    100000    0.2%    0.4%    0.4%
VIP6    1000000    0.1%    0.2%    0.2%

You have to trade 1,000,000 BTC volume before you get on PAR with btct.co's trade fees, nevermind that you'd already spent a fortune in fees to get there.  And you can NEVER get on par with btct.co's withdrawal fees which are basically free with the exception of the bitcoind client's fees.

I don't think I've seen fees that bad anywhere.   Sad

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